10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended: September 30, 2011

¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to __________

Commission file number: 000-52776

NEWTOWN LANE MARKETING, INCORPORATED

(Exact name of registrant as specified in its charter)

Delaware	20-3547231
(State or other jurisdiction of	(IRS Employer
incorporation or organization)	Identification No.)

133 Summit Avenue, Suite 22

Summit, NJ 07901

(Address of principal executive offices)

973-635-4047

(Issuer's telephone number)

(Former name, former address and former fiscal year,

if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes xNo ¨

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 xNo ¨

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 ¨ Non-accelerated filer  ¨ Accelerated filer  ¨ Smaller reporting company x

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

Yes x  No ¨

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: There were a total of 1,375,755shares of the issuer’s common stock, par value $0.001 per share, outstanding as of October 21, 2011.

NEWTOWN LANE MARKETING, INCORPORATED

TABLE OF CONTENTS

		Page
PART I.	FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS
	Balance Sheets as of September 30, 2011 (unaudited) and March 31, 2011	3
	Statements of Operations for the Three and Six Months Ended September 30, 2011 and 2010 and the Period from September 26, 2005 (Date of Inception) to September 30, 2011 (unaudited)	4
	Statements of Changes in Stockholders’ Equity (Deficit) for the Period from September 26, 2005 (Date of Inception) to September 30, 2011 (unaudited)	5
	Statements of Cash Flows for the for the Six Months Ended September 30, 2011 and 2010 and the Period from September 26, 2005 (Date of Inception) to September 30, 2011 (unaudited)	7
	NOTES TO FINANCIAL STATEMENTS (unaudited)	8
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	11
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	14
ITEM 4.	CONTROLS AND PROCEDURES	14
PART II.	OTHER INFORMATION
ITEM 6.	EXHIBITS	15
SIGNATURES		16

FORWARD-LOOKING STATEMENTS

Certain statements made in this Quarterly Report on Form 10-Q are “forward-looking statements” regarding the plans and objectives of management for future operations and market trends and expectations.  Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties.  Our plans and objectives are based, in part, on assumptions involving the continued expansion of our business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control.  Although we believe that our assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this report will prove to be accurate.  In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved.  We undertake no obligation to revise or update publicly any forward-looking statements for any reason.  The terms “we”, “our”, “us”, or any derivative thereof, as used herein refer to Newtown Lane Marketing, Incorporated, a Delaware corporation, and its predecessors.

2

PART I. – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS:

NEWTOWN LANE MARKETING, INCORPORATED

(A Development Stage Company)

BALANCE SHEETS

	September 30,			March 31,
	2011			2011
	(unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	864		$	13,917
TOTAL CURRENT ASSETS	$	864		$	13,917
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	20,625		$	18,896
TOTAL CURRENT LIABILITIES		20,625			18,896
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.001 par value, 1,000,000 shares authorized,
none issued and outstanding		-			-
Common stock, $0.001 par value; 100,000,000 shares authorized,
1,375,755 issued and outstanding, respectively		1,376			1,376
Additional paid-in capital		1,999,588			1,999,588
Deficit accumulated during the development stage		(2,020,725	)		(2,005,943	)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)		(19,761	)		(4,979	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	864		$	13,917

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

3

NEWTOWN LANE MARKETING, INCORPORATED

(A Development Stage Company)

STATEMENTS OF OPERATIONS

 (unaudited)

													Cumulative During
													the Development
													Stage September 26
	Three Months Ended						Six Months Ended						2005
	September 30,						September 30,						(Inception)
	2011			2010			2011			2010			September 30, 2011
Expenses
Selling, general and administrative	$	7,392		$	6,292		$	14,784		$	12,099		$	1,577,845
Interest income, net		(1	)		(1	)		(2	)		(4	)		288,044
Total expense		7,391			6,291			14,782			12,095			1,865,889
Loss from continuing operations		(7,391	)		(6,291	)		(14,782	)		(12,095	)		(1,865,889	)
Loss from discontinued operations		-			-			-			-			(154,836	)
Net loss	$	(7,391	)	$	(6,291	)	$	(14,782	)	$	(12,095	)	$	(2,020,725	)
Net loss per share - basic and diluted	$	(0.01	)	$	(0.00	)	$	(0.01	)	$	(0.01	)
Weighted average shares outstanding - basic and diluted		1,375,755			1,375,755			1,375,755			1,375,755

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

4

NEWTOWN LANE MARKETING, INCORPORATED

(A Development Stage Company)

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)

For the Period from September 26, 2005 (Inception) through September 30, 2011

														Deficit
														Accumulated			Total
											Additional			During the			Stockholders'
	Preferred Stock						Common Stock				Paid-in			Development			Equity
	Shares			Amount			Shares		Amount		Capital			Stage			(Deficit)
Founders shares issued at inception		-		$	-			67,000	$	67	$	74,933		$	-		$	75,000
Stock issued for services		-			-			7,000		7		8,743			-			8,750
Stock issued in connection with convertible notes		-			-			10,972		11		159,992			-			160,003
Net loss		-			-			-		-		-			(363,474	)		(363,474	)
Balances at March 31, 2006 (Unaudited)		-			-			84,972		85		243,668			(363,474	)		(119,721	)
Accrued consulting fees converted to stock		-			-			5,184		5		64,795			-			64,800
Stock issued for services to founders		-			-			12,000		12		149,988			-			150,000
Transfer of officer's shares		-			-			-		-		78,750			-			78,750
Issuance of stock options		-			-			-		-		83,100			-			83,100
Stock issued in exchange for options		-			-			2,500		3		49,997			-			50,000
Net loss		-			-			-		-		-			(1,124,608	)		(1,124,608	)
Balances at March 31, 2007 (Unaudited)		-			-			104,656		105		670,298			(1,488,082	)		(817,679	)
Stock transferred for services		-			-			-		-		19,000			-			19,000
Stock issued to retire debt and accrued interest		-			-			27,420		27		479,784			-			479,811
Stock issued for cash proceeds		500			1			447,925		448		599,551			-			599,999
Series A preferred stock converted		(500	)		(1	)		740,754		741		(740	)		-			-
Contributed Capital		-			-			-		-		110,000			-			110,000
Net loss		-			-			-		-		-			(376,382	)		(376,382	)
Balances at March 31, 2008 (Unaudited)		-			-			1,320,755		1,321		1,877,893			(1,864,464	)		14,750
Stock issued for cash proceeds		-			-			55,000		55		1,945			-			2,000
Equity based compensation		-			-			-		-		11,750			-			11,750
Contributed Capital		-			-			-		-		42,500			-			42,500
Net loss		-			-			-		-		-			(75,371	)		(75,371	)
Balances at March 31, 2009		-			-			1,375,755		1,376		1,934,088			(1,939,835	)		(4,371	)
Contributed Capital		-			-			-		-		29,000			-			29,000
Net loss		-			-			-		-		-			(35,495	)		(35,495	)
Balances at March 31, 2010		-			-			1,375,755		1,376		1,963,088			(1,975,330	)		(10,866	)

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

5

NEWTOWN LANE MARKETING, INCORPORATED

(A Development Stage Company)

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)  - (continued)

For the Period from September 26, 2005 (Inception) through September 30, 2011

											Deficit
											Accumulated			Total
									Additional		During the			Stockholders'
	Preferred Stock				Common Stock				Paid-in		Development			Equity
	Shares		Amount		Shares		Amount		Capital		Stage			(Deficit)
Contributed Capital		-		-		-		-		36,500		-			36,500
Net loss		-		-		-		-		-		(30,613	)		(30,613	)
Balances at March 31, 2011		-		-		1,375,755		1,376		1,999,588		(2,005,943	)		(4,979	)
Contributed Capital		-		-		-		-		-		-			-
Net loss		-		-		-		-		-		(14,782	)		(14,782	)
Balances at September 30, 2011 (Unaudited)		-	$	-		1,375,755	$	1,376	$	1,999,588	$	(2,020,725	)	$	(19,761	)

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

6

NEWTOWN LANE MARKETING, INCORPORATED

(A Development Stage Company)

STATEMENTS OF CASH FLOWS

(unaudited)

							Cumulative During the
							Development Stage
							September 26, 2005
	Six Months Ended September 30,						(Inception)
							Through
	2011			2010			September 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(14,782	)	$	(12,095	)	$	(2,020,725	)
Net loss from discontinued operations		-			-			(154,836	)
Net loss from continuing operations		(14,782	)		(12,095	)		(1,865,889	)
Adjustments to reconcile net loss to cash used in operating activities:
Share based compensation		-			-			401,350
Amortization of debt discount		-			-			160,003
Changes in operating assets and liabilities:
Increase (decrease) in accounts payable and accruals		1,729			(13,396	)		230,266
NET CASH USED IN OPERATING ACTIVITIES		(13,053	)		(25,491	)		(1,074,270	)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of notes payable		-			-			799,997
Principal payments made on notes payable		-			-			(625,030	)
Proceeds from issuance of common and preferred stock		-			-			837,003
Contributed capital		-			11,000			218,000
NET CASH PROVIDED BY FINANCING ACTIVITIES		-			11,000			1,229,970
DISCONTINUED OPERATIONS
Discontinued operating activities		-			-			(125,796	)
Discontinued investing activities		-			-			(29,040	)
NET CASH USED IN DISCONTINUED OPERATIONS		-			-			(154,836	)
NET CHANGE IN CASH AND CASH EQUIVALENTS		(13,053	)		(14,491	)		864
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		13,917			16,413			-
CASH AND CASH EQUIVALENTS AT END OF YEAR	$	864		$	1,922		$	864
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS
INFORMATION
Interest paid	$	-		$	-		$	-
Income taxes		-			-			-
Non-cash Transactions
Equity based compensation	$	-		$	-		$	11,750
Issuance of common stock for accounts payable	$	-		$	-		$	64,800
Issuance of common stock for debt and accrued interest	$	-		$	-		$	479,811
Conversion of Series A Preferred Stock	$	-		$	-		$	741

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

7

NEWTOWN LANE MARKETING, INCORPORATED

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

September 30, 2011

(unaudited)

NOTE 1 - DESCRIPTION OF COMPANY

Newtown Lane Marketing Incorporated (“we”, “our”, “us” or “Newtown”) was incorporated in Delaware on September 26, 2005.  We are a development stage company that previously held the exclusive license to exploit the Dreesen's Donut Brand in the United States with the exception of the states of Florida and Pennsylvania, and in Suffolk County, New York, which Dreesen retained for itself.  In August 2007 there was a change in control, as detailed below, and we discontinued our efforts to promote the Dreesen's Donut Brand at that time.  Accordingly, prior operations in this regard are reflected in these financial statements as discontinued operations.  The license from Dreesen expired on December 31, 2007.

The interim financial information as of September 30, 2011 and for the three and six month periods ended September 30, 2011 and 2010 have been prepared without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”).  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures made are adequate to provide for fair presentation.  These financial statements should be read in conjunction with the financial statements and the notes thereto, included in our Annual Report on Form 10-K, for the fiscal year ended March 31, 2011, previously filed with the SEC.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of our financial position as of September 30, 2011 and results of operations and cash flows for the three and six months ended September 30, 2011 and 2010, as applicable, have been made. The results of operations for the three and six months ended September 30, 2011 are not necessarily indicative of the operating results that may be expected for the full fiscal year or any future periods.

EQUITY TRANSACTIONS

On August 8, 2007 (the “Effective Date”), we entered into and closed a Stock Purchase Agreement (the “Purchase Agreement”) with Moyo Partners, LLC, a New York limited liability company  (“Moyo”) and R&R Biotech Partners, LLC, a Delaware limited liability company (“R&R” collectively with Moyo, the “Purchasers”), pursuant to which we sold to them, in the aggregate, approximately, four hundred forty seven thousand nine hundred twenty five (447,925) shares (rounded-up) of our common stock, par value $0.001 per share (“Common Stock”) andfive hundred (500) sharesof our Series A Preferred Stock, par value $0.001 per share (“Series A Preferred Stock”), each share convertible at the option of the holder into, approximately, one thousand four hundred eighty two (1,482) shares (rounded-up) of Common Stock, for aggregate grossproceeds to us of $600,000.  The shares of Series A Preferred Stock were convertible only to the extent there were a sufficient number of shares of Common Stock available for issuance upon any such conversion.

On the Effective Date: (i) the Purchasers acquired control of Newtown, with (a) R&R acquiring nine hundred fifty thousand nine hundred forty four (950,944) shares (rounded-up) of Common Stock (assuming the conversion by R&R of the four hundred (400) shares of Series A Preferred Stock it acquired pursuant to the Purchase Agreement into five hundred ninety two thousand eight hundred (592,800) shares (rounded-up) of Common Stock) constituting 72% of the then issued and outstanding shares of Common Stock, and (b) Moyo acquiring two hundred thirty seven thousand seven hundred thirty six (237,736) shares (rounded-up) of Common Stock (assuming the conversion by Moyo of its one hundred (100) shares of Series A Preferred Stock it acquired pursuant to the Purchase Agreement into one hundred forty eight thousand one hundred fifty one (148,151) shares (rounded-up) of Common Stock) constituting 18% of the then issued and outstanding shares of Common Stock; and (ii) in full satisfaction of our obligations under outstanding convertible promissory notes in the principal amount of $960,000 (the “December Notes”), the Note holders of the December Notes converted an aggregate of $479,811 of principal and accrued interest into 27,420 shares (rounded-up) of Common Stock and accepted a cash payment from us in the aggregate amount of $625,030 for the remaining principal balance.

On the Effective Date: (i) Arnold P. Kling was appointed to our Board of Directors (“Board”) and served together with Vincent J. McGill, a then current director who continued to serve until August 20, 2007, the effective date of his resignation from our Board; (ii) all of our then officers and directors, with the exception of Mr. McGill, resigned from their respective positions with us; (iii) our Board appointed Mr. Kling as president and Kirk M. Warshaw as chief financial officer and secretary; and (iv) we relocated our headquarters to Chatham, New Jersey.

Following Mr. McGill’s resignation from our Board on August 20, 2007, Mr. Kling became our sole director and president.

8

NEWTOWN LANE MARKETING, INCORPORATED

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

September 30, 2011

(unaudited)

On October 19, 2007, we put into effect an amendment to our Certificate of Incorporation to increase to 100,000,000 the number of authorized shares of Common Stock available for issuance (the “Charter Amendment”).  As a result of the Charter Amendment, as of October 19, 2007, we had adequate shares of Common Stock available for issuance upon the conversion of all the issued and outstanding shares of Series A Preferred Stock.

On December 19, 2007, the holders of all the issued and outstanding shares of Series A Preferred Stock elected to convert all of their shares into shares of Common Stock.  As a result, the 500 shares of Series A Preferred Stock outstanding were exchanged for 740,754 shares of Common Stock.

On August 15, 2008 (the “Series A Preferred Elimination Date”), all 500 shares of the Series A Preferred Stock were returned to the status of authorized and unissued shares of undesignated preferred stock, par value $0.001 per shares.  None of the Series A Preferred Stock were outstanding as of the Series A Preferred Elimination Date.

On August 29, 2008 (the “Reverse Split Effective Date”), we implemented a 1 for 50 reverse stock split (the “Reverse Split”) of the Common Stock.  Pursuant to the Reverse Split, each 50 shares of Common Stock issued and outstanding as of the Reverse Split Effective Date was converted into one (1) share of Common Stock.  All share and per share data herein has been retroactively restated to reflect the Reverse Split.

In December 2008, we sold 55,000 shares of restricted common stock to our Chief Financial Officer, for $2,000.  The issuance of these shares was exempt from registration pursuant to Sections 4(2) and 4(6) or the Securities Act of 1933, as amended (the “Act”). The stock certificate representing these shares was imprinted with a legend restricting transfer unless pursuant to an effective registration statement or an exemption from registration under the Act.

As of September 30, 2011, our authorized capital stock consisted of 100,000,000 shares of Common Stock and 1,000,000 shares of Preferred Stock of which 1,375,755 shares of Common Stock, and no shares of Preferred Stock, were issued and outstanding.  All shares of Common Stock currently outstanding are validly issued, fully paid and non-assessable.

During the year ended March 31, 2011, a stockholder contributed an additional $36,500 to the Company.  The same stockholder contributed an additional $15,000 to us subsequent to September 30, 2011.

THE COMPANY TODAY

Since the Effective Date, our main purpose has been to serve as a vehicle to acquire an operating business.  We are currently considered a “shell” company in as much as we are not generating revenues, do not own an operating business, and have no specific plan other than to engage in a merger or acquisition transaction with a yet-to-be identified operating company or business.  Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with an operating business rather than immediate, short-term earnings.  We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.  The analysis of new business opportunities will be undertaken by or under the supervision of our officers and directors. We have no employees and no material assets.

Commencing with the filing of our Form 10-Q for the quarter ended December 31, 2007, all of our donut-related business services activities have been accounted for as Discontinued Operations.  As such, all of the prior activity has been shown in the financials as one line item that is labeled “Loss from Discontinued Operations.”  Our activities since August 2007 are shown in the Income Statement under the section labeled “Loss from Continuing Operations.”  These amounts are for expenses incurred since August 2007 and are of the nature we expect to incur in the future, whereas the Loss from Discontinued Operations are from activities we are no longer engaged in.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

9

NEWTOWN LANE MARKETING, INCORPORATED

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

September 30, 2011

(unaudited)

Fair Value of Financial Instruments - Pursuant to the FASB guidance, "Disclosures About Fair Value of Financial Instruments," we are required to estimate the fair value of all financial instruments included on our balance sheet. We consider the carrying value of accrued expenses in the financial statements to approximate their face value.

Statements of Cash Flows - For purposes of the statements of cash flows we consider all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents.

NOTE 3 – NEW ACCOUNTING PRONOUNCEMENTS

Management does not believe that any new accounting pronouncements not yet effective will have a material impact on the Company’s financial statements once adopted.

NOTE 4 – COMMITMENTS AND CONTINGENCIES

On January 29, 2009, we entered into an agreement with Kirk M. Warshaw, LLC (the “LLC”) for the use and occupancy, and administrative services, related to our principal offices.  The agreement provides for quarterly payments from us to the LLC of $500. The effective date of the agreement was January 1, 2009.

NOTE 5 – SUBSEQUENT EVENTS

Subsequent to September 30, 2011, a stockholder contributed $15,000 of additional capital to the Company.  The Company has evaluated all other subsequent events and has determined that there were no other subsequent events to recognize or disclose in these financial statements.

10

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

Use of Forward-Looking Statements

Some of the statements in this Form 10-Q, including some statements in “Management’s Discussion and Analysis or Plan of Operation” are forward-looking statements about what may happen in the future.  They include statements regarding our current beliefs, goals, and expectations about matters such as our expected financial position and operating results, our business strategy, and our financing plans.  These statements can sometimes be identified by our use of forward-looking words such as “anticipate,” “estimate,” “expect,” “intend,” “may,” “will,” and similar expressions.  We cannot guarantee that our forward-looking statements will turn out to be correct or that our beliefs and goals will not change.  Our actual results could be very different from and worse than our expectations for various reasons.  You are urged to carefully consider these factors, as well as other information contained in this Form 10-Q and in our other periodic reports and documents filed with the United States Securities and Exchange Commission (“SEC”).

In our Form 10-K filed with the SEC for the year ended March 31, 2011, we have identified critical accounting policies and estimates for our business.

Plan of Operation

We are a development stage corporation with limited operations and have very limited revenues from our business operations since our incorporation in September 2005.  Until December 31, 2007, we held the exclusive license to exploit the Dreesen's Donut Brand in the United States with the exception of the states of Florida and Pennsylvania, and in Suffolk County, New York, which Dreesen retained for itself.  The license from Dreesen expired on December 31, 2007.

On August 8, 2007 (the “Effective Date”), we entered into and closed a Stock Purchase Agreement (the “Purchase Agreement”) with Moyo Partners, LLC, a New York limited liability company  (“Moyo”) and R&R Biotech Partners, LLC, a Delaware limited liability company (“R&R” collectively with Moyo, the “Purchasers”), pursuant to which we sold to them, in the aggregate, approximately, four hundred forty seven thousand nine hundred twenty five (447,925) shares (rounded-up) of our common stock, par value $0.001 per share (“Common Stock”) andfive hundred (500) sharesof our Series A Preferred Stock, par value $0.001 per share (“Series A Preferred Stock”), each share convertible at the option of the holder into, approximately, one thousand four hundred eighty two (1,482) shares (rounded-up) of Common Stock, for aggregate grossproceeds to us of $600,000.  The shares of Series A Preferred Stock were convertible only to the extent there were a sufficient number of shares of Common Stock available for issuance upon any such conversion.

On the Effective Date: (i) the Purchasers acquired control of Newtown, with (a) R&R acquiring nine hundred fifty thousand nine hundred forty four (950,944) shares (rounded-up) of Common Stock (assuming the conversion by R&R of the four hundred (400) shares of Series A Preferred Stock it acquired pursuant to the Purchase Agreement into five hundred nine two thousand eight hundred (592,800) shares (rounded-up) of Common Stock) constituting 72% of the then issued and outstanding shares of Common Stock, and (b) Moyo acquiring two hundred thirty seven thousand seven hundred thirty six (237,736) shares (rounded-up) of Common Stock (assuming the conversion by Moyo of its one hundred (100) shares of Series A Preferred Stock it acquired pursuant to the Purchase Agreement into one hundred forty eight thousand one hundred fifty one (148,151) shares (rounded-up) of Common Stock) constituting 18% of the then issued and outstanding shares of Common Stock; and (ii) in full satisfaction of our obligations under outstanding convertible promissory notes in the principal amount of $960,000 (the “December Notes”), the Note holders of the December Notes converted an aggregate of $479,811 of principal and accrued interest into 27,420 shares (rounded-up) of Common Stock and accepted a cash payment from us in the aggregate amount of $625,030 for the remaining principal balance.

On October 19, 2007, we put into effect an amendment to our Certificate of Incorporation to increase to 100,000,000 the number of authorized shares of Common Stock available for issuance (the “Charter Amendment”).  As a result of the Charter Amendment, as of October 19, 2007, we had adequate shares of Common Stock available for issuance upon the conversion of all the issued and outstanding shares of Preferred Stock.

On December 19, 2007, the holders of all the issued and outstanding shares of Series A Preferred Stock elected to convert all of their shares into shares of Common Stock.  As a result, the 500 shares of Series A Preferred Stock outstanding were exchanged for 740,754 shares of Common Stock.

On August 15, 2008 (the “Series A Preferred Elimination Date”), all 500 shares of the Series A Preferred Stock were returned to the status of authorized and unissued shares of undesignated preferred stock, par value $0.001 per shares.  None of the Series A Preferred Stock were outstanding as of the Series A Preferred Elimination Date.

11

On August 29, 2008 (the “Reverse Split Effective Date”), we implemented a 1 for 50 reverse stock split (the “Reverse Split”) of the Common Stock.  Pursuant to the Reverse Split, each 50 shares of Common Stock issued and outstanding as of the Reverse Split Effective Date was converted into one (1) share of Common Stock.  All share and per share data herein has been retroactively restated to reflect the Reverse Split.

In December 2008, we sold 55,000 shares of restricted common stock to our Chief Financial Officer, for $2,000.

As of September 30, 2011, our authorized capital stock consisted of 100,000,000 shares of Common Stock and 1,000,000 shares of Preferred Stock of which 1,375,755 shares of Common Stock, and no shares of Preferred Stock, were issued and outstanding.  All shares of Common Stock currently outstanding are validly issued, fully paid and non-assessable.

As of the Effective Date, we discontinued our efforts to promote the Dreesen's Donut Brand, we have no employees and our main purpose has been to effect a business combination with an operating business which we believe has significant growth potential.  As of yet, we have no definitive agreements or understandings with any prospective business combination candidates and there are no assurances that we will find a suitable business with which to combine.  The implementation of our business objectives is wholly contingent upon a business combination and/or the successful sale of our securities.  We intend to utilize the proceeds of any offering, any sales of equity securities or debt securities, bank and other borrowings or a combination of those sources to effect a business combination with a target business which we believe has significant growth potential. While we may, under certain circumstances, seek to effect business combinations with more than one target business, unless and until additional financing is obtained, we will not have sufficient proceeds remaining after an initial business combination to undertake additional business combinations.

A common reason for a target company to enter into a merger with us is the desire to establish a public trading market for its shares. Such a company would hope to avoid the perceived adverse consequences of undertaking a public offering itself, such as the time delays and significant expenses incurred to comply with the various Federal and state securities law that regulate initial public offerings.

As a result of our limited resources, we expect to have sufficient proceeds to effect only a single business combination. Accordingly, the prospects for our success will be entirely dependent upon the future performance of a single business. Unlike certain entities that have the resources to consummate several business combinations or entities operating in multiple industries or multiple segments of a single industry, we will not have the resources to diversify our operations or benefit from the possible spreading of risks or offsetting of losses. A target business may be dependent upon the development or market acceptance of a single or limited number of products, processes or services, in which case there will be an even higher risk that the target business will not prove to be commercially viable.

Our officers are only required to devote a small portion of their time (less than 10%) to our affairs on a part-time or as-needed basis. We expect to use outside consultants, advisors, attorneys and accountants as necessary. We do not anticipate hiring any full-time employees so long as we are seeking and evaluating business opportunities.

We expect our present management to play no managerial role in our company following a business combination. Although we intend to scrutinize closely the management of a prospective target business in connection with our evaluation of a business combination with a target business, our assessment of management may be incorrect. We cannot assure you that we will find a suitable business with which to combine.

Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with an operating business.  We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.  The analysis of new business opportunities will be undertaken by or under the supervision of our officers and directors.

Results of Operations

THREE MONTH PERIOD ENDED SEPTEMBER 30, 2011 COMPARED TO THE THREE MONTH PERIOD ENDED SEPTEMBER 30, 2010

We are a development stage corporation with limited operations and did not have any revenues during the three month periods ended September 30, 2011 and 2010, respectively.

Total expenses from Continuing Operations for the three months ended September 30, 2011 and 2010 were $7,391 and $6,291, respectively.  These expenses primarily constituted general and administrative expenses related to accounting and compliance with the Securities Exchange Act of 1934, as amended (“Exchange Act”).

12

SIX MONTH PERIOD ENDED SEPTEMBER 30, 2011 COMPARED TO THE SIX MONTH PERIOD ENDED SEPTEMBER 30, 2010

We are a development stage corporation with limited operations and did not have any revenues during the six month periods ended September 30, 2011 and 2010, respectively.

Total expenses from Continuing Operations for the six months ended September 30, 2011 and 2010 were $14,784 and $12,099, respectively.  These expenses primarily constituted general and administrative expenses related to accounting and compliance with the Exchange Act.

Liquidity and Capital Resources

At September 30, 2011, we did not have any revenues from operations.  Absent a merger or other combination with an operating company, we do not expect to have any revenues from operations.  No assurance can be given that such a merger or other combination will occur or that we can engage in any public or private sales of our equity or debt securities to raise working capital.  We are dependent upon future loans or capital contributions from our present stockholders and/or management and there can be no assurances that our present stockholders or management will make any loans or capital contributions to us.  At September 30, 2011, we had cash of $864 and negative working capital of $19,761.

Our present material commitments are professional and administrative fees and expenses associated with the preparation of our filings with the U.S. Securities and Exchange Commission and other regulatory requirements.  In the event that we engage in any merger or other combination with an operating company, we will have additional material professional commitments.

Critical Accounting Policies

Our unaudited financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”), which require management to make estimates and assumptions that affect the amounts reported in such financial statements and related notes.  Actual results can and will differ from estimates. These differences could be material to the financial statements.  We believe our application of accounting policies and the estimates required therein are reasonable.  Outlined below are those policies considered particularly significant.

Use of Estimates

In preparing financial statements in accordance with GAAP, management makes certain estimates and assumptions, where applicable, that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. While actual results could differ from those estimates, management does not expect such variances, if any, to have a material effect on the financial statements.

Income Taxes

The asset and liability method is used in accounting for income taxes.  Under this method, deferred tax assets and liabilities are recognized for operating loss and tax credit carry forwards and for the future tax consequences attributable to differences between the financial statement carrying amounts of existing 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.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date.  A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized.

Financial Instruments

The estimated fair values of all reported assets and liabilities which represent financial instruments, none of which are held for trading purposes, approximate their carrying value because of the short term maturity of these instruments or the stated interest rates are indicative of market interest rates.

13

Equity Based Compensation

The accounting guidance for “Share Based Payments” requires the recognition of the fair value of employee stock options and similar awards and applies to all outstanding and vested stock-based awards.  In computing the impact, the fair value of each option is estimated on the date of grant based on the Black-Scholes options-pricing model utilizing certain assumptions for a risk free interest rate; volatility; and expected remaining lives of the awards. The assumptions used in calculating the fair value of share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if factors change and we use different assumptions, our stock-based compensation expense could be materially different in the future. In addition, we are required to estimate the expected forfeiture rate and only recognize expense for those shares expected to vest.  In estimating our forfeiture rate, we analyzed its historical forfeiture rate, the remaining lives of unvested options, and the amount of vested options as a percentage of total options outstanding.  If our actual forfeiture rate is materially different from its estimate, or if we reevaluate the forfeiture rate in the future, the stock-based compensation expense could be significantly different from what we have recorded in the current period.  The last equity based compensation issued by us was more than two years ago and such shares were fully vested upon issuance, hence an expense was recorded at that time.

New Accounting Pronouncements

All new accounting pronouncements issued but not yet effective have been reviewed and determined to be not applicable.  As a result, the adoption of such new accounting pronouncements, when effective, is not expected to have a material impact on our financial position.

Commitments

We do not have any commitments which are required to be disclosed in tabular form as of September 30, 2011.

Off-Balance Sheet Arrangements

As of September 30, 2011, we have no off-balance sheet arrangements such as guarantees, retained or contingent interest in assets transferred, obligation under a derivative instrument and obligation arising out of or a variable interest in an unconsolidated entity.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

A smaller reporting company is not required to provide the information required by this Item.

ITEM 4.  CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures. Our management, with the participation of our president and our chief financial officer, carried out an evaluation of the effectiveness of our “disclosure controls and procedures” (as defined in the Exchange Act) Rules 13a-15(e) and 15-d-15(e)) as of the end of the period covered by this report (the “Evaluation Date”).  Based upon that evaluation, our president and our chief financial officer concluded that, as of the Evaluation Date, our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act (i) is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms and (ii) is accumulated and communicated to our management, including our president and our chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting. There were no changes in our internal controls over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

14

PART II. - OTHER INFORMATION

ITEM 6.  EXHIBITS

Exhibit No. Description

31.1 Certification of the President pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

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

32.1 Certification of the President pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2 Certification of Chief Financial Officer 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 with this report in accordance with Rule 406T of Regulation S-T, the information in these exhibits shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to liability under that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

15

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Newtown Lane Marketing, Incorporated
Dated: October 21, 2011	/s/ Arnold P. Kling
	Arnold P. Kling, President
	(Principal Executive Officer)
Dated: October 21, 2011	/s/ Kirk M. Warshaw
	Kirk M. Warshaw, Chief Financial Officer
	(Principal Financial and Accounting Officer)

16

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Arnold P. Kling, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Newtown Lane Marketing, Incorporated;

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 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 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 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 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 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 fiscal quarter in the case of an annual report) that has materially affected, or is reasonably 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 the registrant’s board of directors (or persons performing the equivalent functions):

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.

Date:  October 21, 2011

/s/ Arnold P. Kling

Arnold P. Kling,

President

(Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I,Kirk M. Warshaw, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Newtown Lane Marketing, Incorporated;

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 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 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 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 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 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 fiscal quarter in the case of an annual report) that has materially affected, or is reasonably 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 the registrant’s board of directors (or persons performing the equivalent functions):

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.

Date:  October 21, 2011

/s/ Kirk M. Warshaw	.
Kirk M. Warshaw
Chief Financial Officer
(Principal Financial Officer)

EX-32.1

 Exhibit 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 Newtown Lane Marketing, Incorporated (the "Company") on Form 10-Q for the period ending September 30, 2011 as filed with the Securities and Exchange Commission (the "Report"), I, Arnold P. Kling, President of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:

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

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Dated: October 21, 2011

/s/ Arnold P. Kling

Arnold P. Kling

President

A signed original of this certification has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 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 Newtown Lane Marketing, Incorporated (the "Company") on Form 10-Q for the period ending September 30, 2011 as filed with the Securities and Exchange Commission (the "Report"), I, Kirk M. Warshaw, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:

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

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Dated: October 21, 2011

/s/ Kirk M. Warshaw

Kirk M. Warshaw

Chief Financial Officer

A signed original of this certification has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2011	Mar. 31, 2011
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, issued	1,375,755	1,375,755
Common stock, outstanding	1,375,755	1,375,755

XML

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended		73 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
Expenses
Selling, general and administrative	$ 7,392	$ 6,292	$ 14,784	$ 12,099	$ 1,577,845
Interest income, net	(1)	(1)	(2)	(4)	288,044
Total expense	7,391	6,291	14,782	12,095	1,865,889
Loss from continuing operations	(7,391)	(6,291)	(14,782)	(12,095)	(1,865,889)
Loss from discontinued operations					(154,836)
Net loss	$ (7,391)	$ (6,291)	$ (14,782)	$ (12,095)	$ (2,020,725)
Net loss per share - basic and diluted	$ (0.01)	$ 0.00	$ (0.01)	$ (0.01)
Weighted average shares outstanding - basic and diluted	1,375,755	1,375,755	1,375,755	1,375,755

XML

Document and Entity Information	6 Months Ended
	Sep. 30, 2011	Oct. 21, 2011
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q2
Trading Symbol	NTWN
Entity Registrant Name	NEWTOWN LANE MARKETING INC
Entity Central Index Key	0001353538
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,375,755

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Sep. 30, 2011

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

Fair Value of Financial Instruments - Pursuant to the FASB guidance, "Disclosures About Fair Value of Financial Instruments," we are required to estimate the fair value of all financial instruments included on our balance sheet. We consider the carrying value of accrued expenses in the financial statements to approximate their face value.

Statements of Cash Flows - For purposes of the statements of cash flows we consider all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents.

XML

STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended		73 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (14,782)	$ (12,095)	$ (2,020,725)
Net loss from discontinued operations			(154,836)
Loss from continuing operations	(14,782)	(12,095)	(1,865,889)
Adjustments to reconcile net loss to cash used in operating activities:
Share based compensation			401,350
Amortization of debt discount			160,003
Changes in operating assets and liabilities:
Increase (decrease) in accounts payable and accruals	1,729	(13,396)	230,266
NET CASH USED IN OPERATING ACTIVITIES	(13,053)	(25,491)	(1,074,270)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of notes payable			799,997
Principal payments made on notes payable			(625,030)
Proceeds from issuance of common and preferred stock			837,003
Contributed capital		11,000	218,000
NET CASH PROVIDED BY FINANCING ACTIVITIES		11,000	1,229,970
DISCONTINUED OPERATIONS
Discontinued operating activities			(125,796)
Discontinued investing activities			(29,040)
NET CASH USED IN DISCONTINUED OPERATIONS			(154,836)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(13,053)	(14,491)	864
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	13,917	16,413
CASH AND CASH EQUIVALENTS AT END OF YEAR	864	1,922	864
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION
Interest paid
Income taxes
Non-cash Transactions
Equity based compensation			11,750
Conversion of Series A Preferred Stock			741
Accounts Payable
Non-cash Transactions
Issuance of common stock			64,800
Debt and Accrued Interest
Non-cash Transactions
Issuance of common stock			$ 479,811

XML

NEW ACCOUNTING PRONOUNCEMENTS

6 Months Ended

Sep. 30, 2011

NEW ACCOUNTING PRONOUNCEMENTS

NOTE 3 – NEW ACCOUNTING PRONOUNCEMENTS

Management does not believe that any new accounting pronouncements not yet effective will have a material impact on the Company’s financial statements once adopted.

XML

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Sep. 30, 2011

COMMITMENTS AND CONTINGENCIES

NOTE 4 – COMMITMENTS AND CONTINGENCIES

On January 29, 2009, we entered into an agreement with Kirk M. Warshaw, LLC (the “LLC”) for the use and occupancy, and administrative services, related to our principal offices.  The agreement provides for quarterly payments from us to the LLC of $500. The effective date of the agreement was January 1, 2009.

XML

SUBSEQUENT EVENTS

6 Months Ended

Sep. 30, 2011

SUBSEQUENT EVENTS

NOTE 5 – SUBSEQUENT EVENTS

Subsequent to September 30, 2011, a stockholder contributed $15,000 of additional capital to the Company.  The Company has evaluated all other subsequent events and has determined that there were no other subsequent events to recognize or disclose in these financial statements.

XML

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	3 Months Ended	6 Months Ended		12 Months Ended					73 Months Ended
	Sep. 30, 2011	Sep. 30, 2011	Mar. 31, 2006	Mar. 31, 2011	Mar. 31, 2010	Mar. 31, 2009	Mar. 31, 2008	Mar. 31, 2007	Sep. 30, 2011
Transfer of officer's shares								$ 78,750
Equity based compensation						11,750
Issuance of stock options								83,100
Contributed Capital				36,500	29,000	42,500	110,000
Stock issued in exchange for options								50,000
Net loss	(7,391)	(14,782)	(363,474)	(30,613)	(35,495)	(75,371)	(376,382)	(1,124,608)	(2,020,725)
Ending Balance	(19,761)	(19,761)	(119,721)	(4,979)	(10,866)	(4,371)	14,750	(817,679)	(19,761)
Preferred Stock | Cash
Stock issued (in shares)							500
Stock issued							1
Preferred Stock | Series A Preferred Stock
Stock issued in connection with convertible securities (in shares)							(500)
Stock issued in connection with convertible securities							(1)
Common Stock
Stock issued in exchange for options (in shares)								2,500
Stock issued in exchange for options								3
Ending Balance (in shares)	1,375,755	1,375,755	84,972	1,375,755	1,375,755	1,375,755	1,320,755	104,656	1,375,755
Ending Balance	1,376	1,376	85	1,376	1,376	1,376	1,321	105	1,376
Common Stock | Founders
Stock issued (in shares)			67,000
Stock issued			67
Common Stock | Goods and Services Exchanged for Equity Instrument
Stock issued (in shares)			7,000					12,000
Stock issued			7					12
Common Stock | Convertible Notes
Stock issued in connection with convertible securities (in shares)			10,972
Stock issued in connection with convertible securities			11
Common Stock | Accrued Consulting Fees
Stock issued (in shares)								5,184
Stock issued								5
Common Stock | Debt and Accrued Interest
Stock issued (in shares)							27,420
Stock issued							27
Common Stock | Cash
Stock issued (in shares)						55,000	447,925
Stock issued						55	448
Common Stock | Series A Preferred Stock
Stock issued in connection with convertible securities (in shares)							740,754
Stock issued in connection with convertible securities							741
Additional Paid-in Capital
Transfer of officer's shares								78,750
Equity based compensation						11,750
Issuance of stock options								83,100
Contributed Capital				36,500	29,000	42,500	110,000
Stock issued in exchange for options								49,997
Ending Balance	1,999,588	1,999,588	243,668	1,999,588	1,963,088	1,934,088	1,877,893	670,298	1,999,588
Additional Paid-in Capital | Founders
Stock issued			74,933
Additional Paid-in Capital | Goods and Services Exchanged for Equity Instrument
Stock issued			8,743				19,000	149,988
Additional Paid-in Capital | Convertible Notes
Stock issued in connection with convertible securities			159,992
Additional Paid-in Capital | Accrued Consulting Fees
Stock issued								64,795
Additional Paid-in Capital | Debt and Accrued Interest
Stock issued							479,784
Additional Paid-in Capital | Cash
Stock issued						1,945	599,551
Additional Paid-in Capital | Series A Preferred Stock
Stock issued in connection with convertible securities							(740)
Deficit Accumulated During the Development Stage
Net loss		(14,782)	(363,474)	(30,613)	(35,495)	(75,371)	(376,382)	(1,124,608)
Ending Balance	(2,020,725)	(2,020,725)	(363,474)	(2,005,943)	(1,975,330)	(1,939,835)	(1,864,464)	(1,488,082)	(2,020,725)
Founders
Stock issued			75,000
Goods and Services Exchanged for Equity Instrument
Stock issued			8,750				19,000	150,000
Convertible Notes
Stock issued in connection with convertible securities			160,003
Accrued Consulting Fees
Stock issued								64,800
Debt and Accrued Interest
Stock issued							479,811
Cash
Stock issued						$ 2,000	$ 599,999

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DESCRIPTION OF COMPANY

6 Months Ended

Sep. 30, 2011

DESCRIPTION OF COMPANY

NOTE 1 - DESCRIPTION OF COMPANY

Newtown Lane Marketing Incorporated (“we”, “our”, “us” or “Newtown”) was incorporated in Delaware on September 26, 2005.  We are a development stage company that previously held the exclusive license to exploit the Dreesen's Donut Brand in the United States with the exception of the states of Florida and Pennsylvania, and in Suffolk County, New York, which Dreesen retained for itself.  In August 2007 there was a change in control, as detailed below, and we discontinued our efforts to promote the Dreesen's Donut Brand at that time.  Accordingly, prior operations in this regard are reflected in these financial statements as discontinued operations.  The license from Dreesen expired on December 31, 2007.

The interim financial information as of September 30, 2011 and for the three and six month periods ended September 30, 2011 and 2010 have been prepared without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”).  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures made are adequate to provide for fair presentation.  These financial statements should be read in conjunction with the financial statements and the notes thereto, included in our Annual Report on Form 10-K, for the fiscal year ended March 31, 2011, previously filed with the SEC.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of our financial position as of September 30, 2011 and results of operations and cash flows for the three and six months ended September 30, 2011 and 2010, as applicable, have been made. The results of operations for the three and six months ended September 30, 2011 are not necessarily indicative of the operating results that may be expected for the full fiscal year or any future periods.

EQUITY TRANSACTIONS

On August 8, 2007 (the “Effective Date”), we entered into and closed a Stock Purchase Agreement (the “Purchase Agreement”) with Moyo Partners, LLC, a New York limited liability company  (“Moyo”) and R&R Biotech Partners, LLC, a Delaware limited liability company (“R&R” collectively with Moyo, the “Purchasers”), pursuant to which we sold to them, in the aggregate, approximately, four hundred forty seven thousand nine hundred twenty five (447,925) shares (rounded-up) of our common stock, par value $0.001 per share (“Common Stock”) andfive hundred (500) sharesof our Series A Preferred Stock, par value $0.001 per share (“Series A Preferred Stock”), each share convertible at the option of the holder into, approximately, one thousand four hundred eighty two (1,482) shares (rounded-up) of Common Stock, for aggregate grossproceeds to us of $600,000.  The shares of Series A Preferred Stock were convertible only to the extent there were a sufficient number of shares of Common Stock available for issuance upon any such conversion.

On the Effective Date: (i) the Purchasers acquired control of Newtown, with (a) R&R acquiring nine hundred fifty thousand nine hundred forty four (950,944) shares (rounded-up) of Common Stock (assuming the conversion by R&R of the four hundred (400) shares of Series A Preferred Stock it acquired pursuant to the Purchase Agreement into five hundred ninety two thousand eight hundred (592,800) shares (rounded-up) of Common Stock) constituting 72% of the then issued and outstanding shares of Common Stock, and (b) Moyo acquiring two hundred thirty seven thousand seven hundred thirty six (237,736) shares (rounded-up) of Common Stock (assuming the conversion by Moyo of its one hundred (100) shares of Series A Preferred Stock it acquired pursuant to the Purchase Agreement into one hundred forty eight thousand one hundred fifty one (148,151) shares (rounded-up) of Common Stock) constituting 18% of the then issued and outstanding shares of Common Stock; and (ii) in full satisfaction of our obligations under outstanding convertible promissory notes in the principal amount of $960,000 (the “December Notes”), the Note holders of the December Notes converted an aggregate of $479,811 of principal and accrued interest into 27,420 shares (rounded-up) of Common Stock and accepted a cash payment from us in the aggregate amount of $625,030 for the remaining principal balance.

On the Effective Date: (i) Arnold P. Kling was appointed to our Board of Directors (“Board”) and served together with Vincent J. McGill, a then current director who continued to serve until August 20, 2007, the effective date of his resignation from our Board; (ii) all of our then officers and directors, with the exception of Mr. McGill, resigned from their respective positions with us; (iii) our Board appointed Mr. Kling as president and Kirk M. Warshaw as chief financial officer and secretary; and (iv) we relocated our headquarters to Chatham, New Jersey.

Following Mr. McGill’s resignation from our Board on August 20, 2007, Mr. Kling became our sole director and president.

On October 19, 2007, we put into effect an amendment to our Certificate of Incorporation to increase to 100,000,000 the number of authorized shares of Common Stock available for issuance (the “Charter Amendment”).  As a result of the Charter Amendment, as of October 19, 2007, we had adequate shares of Common Stock available for issuance upon the conversion of all the issued and outstanding shares of Series A Preferred Stock.

On December 19, 2007, the holders of all the issued and outstanding shares of Series A Preferred Stock elected to convert all of their shares into shares of Common Stock.  As a result, the 500 shares of Series A Preferred Stock outstanding were exchanged for 740,754 shares of Common Stock.

On August 15, 2008 (the “Series A Preferred Elimination Date”), all 500 shares of the Series A Preferred Stock were returned to the status of authorized and unissued shares of undesignated preferred stock, par value $0.001 per shares.  None of the Series A Preferred Stock were outstanding as of the Series A Preferred Elimination Date.

On August 29, 2008 (the “Reverse Split Effective Date”), we implemented a 1 for 50 reverse stock split (the “Reverse Split”) of the Common Stock.  Pursuant to the Reverse Split, each 50 shares of Common Stock issued and outstanding as of the Reverse Split Effective Date was converted into one (1) share of Common Stock.  All share and per share data herein has been retroactively restated to reflect the Reverse Split.

In December 2008, we sold 55,000 shares of restricted common stock to our Chief Financial Officer, for $2,000.  The issuance of these shares was exempt from registration pursuant to Sections 4(2) and 4(6) or the Securities Act of 1933, as amended (the “Act”). The stock certificate representing these shares was imprinted with a legend restricting transfer unless pursuant to an effective registration statement or an exemption from registration under the Act.

As of September 30, 2011, our authorized capital stock consisted of 100,000,000 shares of Common Stock and 1,000,000 shares of Preferred Stock of which 1,375,755 shares of Common Stock, and no shares of Preferred Stock, were issued and outstanding.  All shares of Common Stock currently outstanding are validly issued, fully paid and non-assessable.

During the year ended March 31, 2011, a stockholder contributed an additional $36,500 to the Company.  The same stockholder contributed an additional $15,000 to us subsequent to September 30, 2011.

THE COMPANY TODAY

Since the Effective Date, our main purpose has been to serve as a vehicle to acquire an operating business.  We are currently considered a “shell” company in as much as we are not generating revenues, do not own an operating business, and have no specific plan other than to engage in a merger or acquisition transaction with a yet-to-be identified operating company or business.  Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with an operating business rather than immediate, short-term earnings.  We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.  The analysis of new business opportunities will be undertaken by or under the supervision of our officers and directors. We have no employees and no material assets.

Commencing with the filing of our Form 10-Q for the quarter ended December 31, 2007, all of our donut-related business services activities have been accounted for as Discontinued Operations.  As such, all of the prior activity has been shown in the financials as one line item that is labeled “Loss from Discontinued Operations.”  Our activities since August 2007 are shown in the Income Statement under the section labeled “Loss from Continuing Operations.”  These amounts are for expenses incurred since August 2007 and are of the nature we expect to incur in the future, whereas the Loss from Discontinued Operations are from activities we are no longer engaged in.

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BALANCE SHEETS (USD $)	Sep. 30, 2011	Mar. 31, 2011
Current Assets
Cash and cash equivalents	$ 864	$ 13,917
TOTAL CURRENT ASSETS	864	13,917
CURRENT LIABILITIES
Accounts payable and accrued expenses	20,625	18,896
TOTAL CURRENT LIABILITIES	20,625	18,896
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.001 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized, 1,375,755 issued and outstanding, respectively	1,376	1,376
Additional paid-in capital	1,999,588	1,999,588
Deficit accumulated during the development stage	(2,020,725)	(2,005,943)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(19,761)	(4,979)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 864	$ 13,917