UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-QSB

(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, 2007

o
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
 
For the transition period from ________________ to ______________
 
Commission file number: 0-28353

INTEGRAL TECHNOLOGIES, INC.
 (Exact name of small business issuer as specified in it charter)

Nevada
  
98-0163519
(State or other jurisdiction of incorporation or organization)
  
(IRS Employer Identification No.)

805 W. Orchard Drive, Suite 7, Bellingham, Washington 98225
(Address of principal executive offices)

(360) 752-1982 
(issuer’s telephone number)

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

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  
Yes x   No o

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the issuer filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.   
Yes o     No o

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date:  As of November 9, 2007, the issuer had 45,514,969 shares of $.001 par value common stock outstanding.

Transitional Small Business Disclosure Format (Check one): 
Yes o     No x
 

INDEX

   
Page
     
PART 1 – FINANCIAL INFORMATION
  
     
Item 1.
Financial Statements
  
     
 
INTEGRAL TECHNOLOGIES, INC.
  
 
(A Development Stage Company)
  
 
Consolidated Financial Statements
  
 
September 30, 2007
  
 
(U.S. Dollars)
  
 
(Unaudited)
  
     
 
F-1
     
 
F-2
     
 
F-3
     
 
F-4
     
 
F-5
     
Item 2. 
1
     
Item 3.
3
     
PART 2 – OTHER INFORMATION
  
     
Item 1.
4
     
Item 2.
4
     
Item 3.
4
     
Item 4.
4
     
Item 5.
4
     
Item 6.
4
     
6
 
 
i

INTEGRAL TECHNOLOGIES, INC.
(A Development Stage Company)
Consolidated Balance Sheet
(Unaudited)
(US Dollars)

   
September 30,
    
June 30,
  
   
2007
    
2007
  
             
Assets
            
             
Current
            
Cash
   $
1,895,077
     $
2,240,356
  
Prepaid expenses
    
30,399
      
32,442
  
                 
Total Assets
   $
1,925,476
     $
2,272,798
  
                 
Liabilities
                
                 
Current
                
Accounts payable and accruals
   $
635,005
      
625,763
  
                 
Total Current Liabilities
    
635,005
      
625,763
  
                 
Stockholders’ Equity
                
                 
Preferred Stock and Paid-in Capital in Excess of $0.001 Par Value
                
20,000,000  Shares authorized
                
308,538  (June 30, 2007 - 308,538) issued and outstanding
    
308,538
      
308,538
  
Common Stock and Paid-in Capital in Excess of $0.001 Par Value
                
50,000,000  Shares authorized
                
45,514,969  (June 30, 2007 - 45,514,969) issued and outstanding
    
28,762,772
      
28,762,772
  
Promissory Notes Receivable
     (29,737 )     (29,737 )
Other Comprehensive Income
    
46,267
      
46,267
  
Deficit Accumulated During the Development Stage
     (27,797,369 )     (27,440,805 )
                 
Total Stockholders’ Equity
    
1,290,471
      
1,647,035
  
                 
Total Liabilities and Stockholders’ Equity
   $
1,925,476
     $
2,272,798
  
 
 
F-1
 
INTEGRAL TECHNOLOGIES, INC.
(A Development Stage Company)
Consolidated Statement of Operations
(Unaudited)
(US Dollars)

               
Period from
  
         
February 12,
  
         
1996
  
   
Three Months Ended
    
(Inception) to
  
   
September 30,
    
September 30,
  
   
2007
    
2006
    
2007
  
                   
Revenue
   $
0
     $
0
     $
249,308
  
Cost of Sales
    
0
      
0
      
216,016
  
     
0
      
0
      
33,292
  
Other Income
    
23,498
      
38,890
      
822,619
  
                         
     
23,498
      
38,890
      
855,911
  
                         
Expenses
                        
Legal and accounting
    
64,130
      
67,429
      
3,898,473
  
Salaries and benefits
    
141,000
      
127,897
      
8,609,367
  
Consulting
    
69,139
      
104,226
      
5,832,691
  
Travel and entertainment
    
20,820
      
19,541
      
1,228,004
  
General and administrative
    
21,233
      
38,213
      
1,038,167
  
Telephone
    
8,262
      
10,967
      
412,959
  
Rent
    
10,389
      
9,459
      
408,230
  
Bank charges and interest, net
    
101
      
3,882
      
195,367
  
Advertising
    
0
      
224
      
331,270
  
Research and development
    
41,123
      
0
      
994,917
  
Settlement of lawsuit
    
0
      
0
      
45,250
  
Remuneration pursuant to proprietary,
                        
non-competition agreement
    
0
      
0
      
711,000
  
Financing fees
    
0
      
0
      
129,043
  
Write-off of investments
    
0
      
0
      
1,250,000
  
Interest on beneficial conversion feature
    
0
      
0
      
566,456
  
Write-down of license and operating assets
    
0
      
0
      
1,855,619
  
Bad debts
    
0
      
0
      
52,613
  
Amortization
    
0
      
0
      
324,386
  
     
376,197
      
381,838
      
27,883,812
  
Net Loss for Period
   $ (352,699 )   $ (342,948 )   $ (27,027,901 )
Net Loss Per Common Share
   $ (0.01 )   $ (0.01 )        
Weighted Average Number of Common Shares Outstanding
    
45,514,969
      
44,431,188
          
 
 
F-2
 
INTEGRAL TECHNOLOGIES, INC.
(A Development Stage Company)
Consolidated Statement of Stockholders’ Equity (Deficit)
(US Dollars)
         
Common
          
Preferred
                          
         
Stock and
          
Stock and
                
Deficit
        
   
Shares of
    
Paid-in
    
Shares of
    
Paid-In
                
Accumulated
        
   
Common
    
Capital
    
Preferred
    
Capital
    
Promissory
    
Other
    
During the
    
Total
  
   
Stock
    
in Excess
    
Stock
    
In Excess
    
Notes
    
Comprehensive
    
Development
    
Stockholders'
  
   
Issued
    
of Par
    
Issued
    
of Par
    
Receivable
    
Income
    
Stage
    
Equity
  
                                                 
Balance, June 30, 2006
    
44,234,432
     $
22,035,483
      
308,538
     $
308,538
     $ (32,500 )   $
46,267
     $ (21,439,528 )   $
918,260
  
Shares Issued for
                                                                
Exercise of options
    
50,000
      
35,000
      
0
      
0
      
0
      
0
      
0
      
35,000
  
For services
    
50,000
      
105,000
      
0
      
0
      
0
      
0
      
0
      
105,000
  
Private placement
    
1,180,537
      
2,361,641
      
0
      
0
      
0
      
0
      
0
      
2,361,641
  
Repayment of promissory note
    
0
      
0
      
0
      
0
      
2,763
      
0
      
0
      
2,763
  
Dividends on preferred shares
    
0
      
0
      
0
      
0
      
0
      
0
       (15,427 )     (15,427 )
Stock option compensation
    
0
      
4,225,648
      
0
      
0
      
0
      
0
      
0
      
4,225,648
  
Net loss for year
    
0
      
0
      
0
      
0
      
0
      
0
       (5,985,850 )     (5,985,850 )
                                                                 
Balance, June 30, 2007
    
45,514,969
      
28,762,772
      
308,538
      
308,538
       (29,737 )    
46,267
       (27,440,805 )    
1,647,035
  
Dividends on preferred shares
    
0
      
0
      
0
      
0
      
0
      
0
       (3,865 )     (3,865 )
Net loss for period
    
0
      
0
      
0
      
0
      
0
      
0
       (352,699 )     (352,699 )
                                                                 
Balance, September 30, 2007
    
45,514,969
     $
28,762,772
      
308,538
     $
308,538
     $ (29,737 )   $
46,267
     $ (27,797,369 )   $
1,290,471
  
 
 
F-3

INTEGRAL TECHNOLOGIES, INC.
(A Development Stage Company)
Consolidated Statement of Cash Flows
(Unaudited)
(US Dollars)

         
Period from
  
         
February 12,
  
         
1996
  
   
Three Months Ended
    
(Inception) to
  
   
September 30,
    
September 30,
  
   
2007
    
2006
    
2007
  
Operating Activities
                  
Net loss
   $ (352,699 )   $ (342,948 )   $ (27,027,900 )
Items not involving cash
                        
Write-down of investment
    
0
      
0
      
1,250,000
  
Proprietary, non-competition agreement
    
0
      
0
      
711,000
  
Amortization
    
0
      
0
      
349,941
  
Other income
    
0
      
0
       (658,305 )
Consulting services and financing fees
    
0
      
40,628
      
1,523,783
  
Stock option compensation
    
0
      
0
      
5,466,350
  
Interest on beneficial conversion feature
    
0
      
0
      
566,456
  
Settlement of lawsuit
    
0
      
0
      
60,250
  
Write-down of license and operating assets
    
0
      
0
      
1,853,542
  
Bad debts
    
0
      
0
      
77,712
  
Changes in Non-Cash Working Capital
                        
Due from affiliated company
    
0
      
0
       (116,000 )
Notes and account receivable
    
0
      
0
       (109,213 )
Inventory
    
0
      
0
       (46,842 )
Prepaid expenses
    
2,043
       (13,368 )     (30,399 )
Other
    
0
      
0
       (2,609 )
Accounts payable and accruals
    
5,377
       (105,986 )    
919,567
  
Cash Used in Operating Activities
     (345,279 )     (421,674 )     (15,212,667 )
Investing Activities
                        
Purchase of property, equipment and intangible assets
    
0
      
0
       (200,935 )
Assets acquired and liabilities assumed on purchase of subsidiary
    
0
      
0
       (129,474 )
Investment purchase
    
0
      
0
       (2,000,000 )
License agreement
    
0
      
0
       (124,835 )
Cash Provided by (Used in) Investing Activities
    
0
      
0
       (2,455,244 )
Financing Activities
                        
Redemption of preferred shares
    
0
      
0
       (50,000 )
Repayment of loan
    
0
      
0
       (11,000 )
Repayments from (to) stockholders
    
0
      
2,763
       (91,283 )
Proceeds from Issuance of common stock
    
0
      
2,386,641
      
17,991,475
  
Advances from stockholders
    
0
      
0
      
1,078,284
  
Share issue cost
    
0
      
0
       (227,420 )
Subscriptions received
    
0
      
0
      
226,665
  
Proceeds from convertible debentures
    
0
      
0
      
600,000
  
Cash Provided by Financing Activities
    
0
      
2,389,404
      
19,516,721
  
Effect of Foreign Currency Translation on Cash
    
0
      
0
      
46,267
  
Inflow (Outflow) of Cash
     (345,279 )    
1,967,730
      
1,895,077
  
Cash, Beginning of Period
    
2,240,356
      
1,496,818
      
0
  
Cash, End of Period
   $
1,895,077
     $
3,464,548
      
1,895,077
  
 
 
F-4

INTEGRAL TECHNOLOGIES, INC.
(A Development Stage Company)
Notes to Consolidated Financial Statements
Three Months Ended September 30, 2007
(Unaudited)
(US Dollars)
 

1.
BASIS OF PRESENTATION

These unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information.  These financial statements are condensed and do not include all disclosures required for annual financial statements.  The organization and business of the Company, accounting policies followed by the Company and other information are contained in the notes to the Company’s audited consolidated financial statements filed as part of the Company’s June 30, 2007 Form 10-KSB.

In the opinion of the Company’s management, these consolidated financial statements reflect all adjustments necessary to present fairly the Company’s consolidated financial position at September 30, 2007 and June 30, 2007 and the consolidated results of operations and the consolidated statements of cash flows for the three months ended September 30, 2007 and 2006.  The results of operations for the three months ended September 30, 2007 are not necessarily indicative of the results to be expected for the entire fiscal year.

2.
STOCKHOLDERS’ EQUITY

During the period ended September 30, 2007, the Company extended the expiry date of 855,000 options.  In accordance with FIN 44, this results in a new measurement of compensation cost.  Since the fair value at the new measurement date resulted in a value lower than the original amount recorded, no additional compensation expense is required.

 
F-5

Item 2.  Plan of Operation.

Statements contained herein that are not historical facts are forward-looking statements.  Although we believe that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected.  We caution investors that any forward-looking statements made by us are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements.  Such risks and uncertainties include, without limitation: well-established competitors who have substantially greater financial resources and longer operating histories, regulatory delays or denials, ability to compete as a start-up company in a highly competitive market, and access to sources of capital.

The following discussion and analysis should be read in conjunction with our financial statements and notes thereto included elsewhere in this Form 10-QSB. Except for the historical information contained herein, the discussion in this Form 10-QSB contains certain forward-looking statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations and intentions. The cautionary statements made in this Form 10-QSB should be read as being applicable to all related forward-looking statements wherever they appear in this Form 10-QSB.  Our actual results could differ materially from those discussed here.

To date we have recorded nominal revenues. We are still considered a development stage company for accounting purposes. From inception on February 12, 1996 through September 30, 2007, we have accrued an accumulated deficit of approximately $27.8 million.

At September 30, 2007, all of our assets were current assets of $1,925,476, consisting of cash of $1,895,077 and prepaid expenses of $30,399.  All of our property and equipment has been fully depreciated.

At September 30, 2007, all of our liabilities were current liabilities of $635,005, consisting of accounts payable and accruals.  Of this amount, payables for legal fees (including associated filing fees) related to patent filings accounting for approximately $535,000 of the total.

At September 30, 2007, total stockholder’s equity was $1,290,471.

Our net loss for the quarter ended September 30, 2007, was $352,699, compared to a net loss of $342,948 for the corresponding period of the prior fiscal year, a small increase of $9,751.

Total expenses for the quarter ended September 30, 2007, was $376,197, compared to a total expenses of $381,838 for the corresponding period of the prior fiscal year, a small decrease of $5,641.

Total income for the quarter ended September 30, 2007, was comprised of “other income” of $23,498, compared to “other income” of $38,890 for the corresponding period of the prior fiscal year, a decrease of $15,392.  The category of “other income” consists of interest income and nominal license fees.

Consulting expenses during the quarter ended September 30, 2007, were $69,139. In the corresponding period of the prior fiscal year, consulting expenses were $104,226, which included non-cash, stock based compensation charges (for the issuance of common stock and/or the granting of options) of $40,628.

Research and development costs of $41,123 during the quarter ended September 30, 2007, are attributable to refining the manufacturing process of our ElectriPlast™ material.  In the corresponding period of the prior fiscal year, the amount expenses under this category was $-0-.

For the quarter ended September 30, 2007, our cash used in operating activities was $345,279, which was $76,395 less than the $421,674 used in the corresponding period of the prior fiscal year.  The difference is primarily attributable to our use of cash in the prior period to reduce accounts payables and accruals.

 
1

For the quarter ended September 30, 2007, our cash provided by financing activities was $-0-, compared to $2,389,404 provided by a private placement of equity securities in the corresponding period of the prior fiscal year.

We anticipate spending up to approximately $250,000 over the next twelve months on ongoing research and development (primarily salaries and consulting fees) of the different applications and uses of our technologies.

During the next twelve months, we do not anticipate increasing our staff.

As of September 30, 2007, we had $1,895,077 in cash on hand.  Accordingly, management believes that there is adequate cash on hand to fund operations over the next twelve months.

We are not in the manufacturing business and do not expect to make any capital purchases of a manufacturing plant or significant equipment in the next twelve months.

Presently, we are focusing all of our resources on the researching, developing and commercializing of our ElectriPlast™ technologies.  Our business strategy focuses on leveraging our intellectual property rights and our strengths in product design and material innovation. We are focusing our marketing efforts on securing licensing agreements for applications of our ElectriPlast™ technologies with manufacturers of products which would benefit from the incorporation of any of the ElectriPlast™ applications.

ElectriPlast™ is an innovative, electrically-conductive resin-based material. The ElectriPlast™ polymer is a compounded formulation of resin-based materials, which are conductively loaded, or doped, with a proprietary-controlled, balanced concentration of micron conductive materials, then pelletized. The conductive loading or doping within this pellet is then homogenized using conventional molding techniques and conventional molding equipment. The end result is a product that can be molded into any of the infinite shapes and sizes associated with plastics and rubbers, and is non-corrosive, but which is as electrically conductive as if it were metal.

Various examples of applications for ElectriPlast™ are shielding, lighting circuitry, switch actuators, resistors, medical devices, thermal management and cable connector bodies, to name just a few. We have been working to introduce these new applications and the ElectriPlast™ technology on a global scale.

Our intellectual property portfolio consists of over eleven years of accumulated research and design knowledge and trade secrets.  We have sought U.S. patent protection for many of our ideas related to our ElectriPlast™ technologies.  Currently, we have filed 117 U.S. patent applications, 27 of which have been issued, 3 of which have been allowed and are pending issuance, and 87 of which have been filed and are pending approval. No assurances can be given that all patent applications will be approved; however, to the extent that patents are not granted, We will continue to attempt to commercialize these technologies without the protection of patents.  As patents are issued, we will have the exclusive right to use in the U.S. the design(s) described in each issued patent for the 18-year life of the patent.

Summary descriptions of our manufacturing agreement with Jasper Rubber Products, Inc. and our various patent license agreements are included in our annual report on Form 10-KSB for the year ended June 30, 2007.

 
2

Item 3.  Controls and Procedures

Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in assessing the costs and benefits of such controls and procedures.

With the participation of management, our Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of the design and operation of our disclosure controls and procedures at the conclusion of the period ended September 30, 2007. Based upon this evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective in ensuring that material information required to be disclosed is included in the reports that we file with the Securities and Exchange Commission.
 
There were no significant changes in our disclosure controls or in other factors that could significantly affect those controls subsequent to the date of this evaluation, including any corrective actions with regard to significant deficiencies and weaknesses.

Internal Control over Financial Reporting

Management has not yet completed, and is not yet required to have completed, its assessment of the effectiveness of internal control over financial reporting as required by Section 404 of the Sarbanes-Oxley Act of 2002, as amended.

 
3

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings. None.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.  None.

Item 3.  Defaults upon Senior Securities.  None.

Item 4.  Submission of Matters to a Vote of Security Holders.  None.

Item 5.  Other Information.  None.

Item 6.  Exhibits.

No.
  
Description
     
3.03
  
Articles of Incorporation, as amended and currently in effect.  (Incorporated by reference to Exhibit 3.03 of Integral’s quarterly report on Form 10-QSB for the period ended March 31, 2006.)
     
3.04
  
Bylaws, as amended and restated on December 31, 1997.  (Incorporated by reference to Exhibit 3.04 of Integral’s quarterly report on Form 10-QSB for the period ended March 31, 2006.)
     
10.12
  
Integral Technologies, Inc. 2001 Stock Plan dated January 2, 2001, as amended December 17, 2001. (Incorporated by reference to Exhibit 10.12 of Integral’s registration statement on Form S-8 (file no. 333-76058).)
     
10.15
  
Integral Technologies, Inc. 2003 Stock Plan dated April 4, 2003 (Incorporated by reference to Exhibit 10.15 of Integral’s registration statement on Form S-8 (file no. 333-104522).)
     
10.18
  
Grant of Option dated June 17, 2005 between Integral and Thomas Aisenbrey. (Incorporated by reference to Exhibit 10.18 of Integral’s Current Report Form 8-K dated June 17, 2005 (filed June 23, 2005).)
     
10.19
  
Agreement between the Company and The QuanStar Group, LLC dated June 20, 2005. (Incorporated by reference to Exhibit 10.18 of Integral’s Current Report Form 8-K dated June 17,2005 (filed June 23, 2005).)
     
10.20
  
Patent License Agreement between the Company and Heatron, Inc. dated March 17, 2006. (Incorporated by reference to Exhibit 10.20 of Integral’s Current Report Form 8-K dated March 17, 2006 (filed April 11, 2006).)
     
10.21
  
Patent License Agreement between the Company and Jasper Rubber Products, Inc. dated August 25, 2006. (Incorporated by reference to Exhibit 10.21 of Integral’s Current Report Form 8-K dated August 25, 2006 (filed September 19, 2006).)
     
10.22
  
Grant of Option dated November 6, 2006 between Integral and Thomas Aisenbrey. (Incorporated by reference to Exhibit 10.22 of Integral’s Quarterly Report on Form 10-QSB for the period ended September 30, 2006.)
     
10.23
  
Manufacturing Agreement between Integral and Jasper Rubber Products, Inc. dated November 22, 2006. (Incorporated by reference to Exhibit 10.23 of Integral’s Current Report on Form 8-K dated November 27, 2006 (filed December 4, 2006).)
     
10.24
  
Patent License Agreement between Integral and ADAC Plastics, Inc. d/b/a ADAC Automotive, dated November 28, 2006. (Incorporated by reference to Exhibit 10.24 of Integral’s Current Report on Form 8-K dated December 18, 2006 (filed December 20, 2006).)
 
 
4
 
10.25
  
Patent License Agreement between Integral and Esprit Solutions Limited, dated December 18, 2006. (Incorporated by reference to Exhibit 10.25 of Integral’s Current Report on Form 8-K dated January 9, 2007 (filed January 19, 2007).)
     
10.26
  
Patent License Agreement between Integral and Knowles Electronics, LLC, dated January 18, 2007. (Incorporated by reference to Exhibit 10.26 of Integral’s Quarterly Report on Form 10-QSB for the period ended December 31, 2006.)
     
10.27
  
Agreement between Integral and Visionary Innovations, Inc., dated February 16, 2007. (Incorporated by reference to Exhibit 10.27 of Integral’s Quarterly Report on Form 10-QSB for the period ended March 31, 2007.)
     
10.28
  
Amendment One to Manufacturing Agreement between Integral and Jasper Rubber Products, Inc. dated July 19, 2007. (Incorporated by reference to Exhibit 10.28 of Integral’s Current Report on Form 8-K dated July 19, 2007 (filed July 30, 2007).)
     
31.1
  
Section 302 Certification by the Corporation’s Chief Executive Officer.  (Filed herewith).
     
31.2
  
Section 302 Certification by the Corporation’s Chief Financial Officer.  (Filed herewith).
     
32.1
  
Section 906 Certification by the Corporation’s Chief Executive Officer.  (Filed herewith).
     
32.2
  
Section 906 Certification by the Corporation’s Chief Financial Officer.  (Filed herewith).
 
 
5

SIGNATURES

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

 
Integral Technologies, Inc.
     
     
 
By:
/s/ William S. Robinson
   
William S. Robinson, Chief Executive Officer
     
 
By:
/s/ William A. Ince
   
William A. Ince, Chief Financial Officer and
   
Principal Accounting Officer
 
Date: November 14, 2007

 
6

EXHIBIT INDEX

No.
  
Description
     
3.03
  
Articles of Incorporation, as amended and currently in effect.  (Incorporated by reference to Exhibit 3.03 of Integral’s quarterly report on Form 10-QSB for the period ended March 31, 2006.)
     
3.04
  
Bylaws, as amended and restated on December 31, 1997.  (Incorporated by reference to Exhibit 3.04 of Integral’s quarterly report on Form 10-QSB for the period ended March 31, 2006.)
     
10.12
  
Integral Technologies, Inc. 2001 Stock Plan dated January 2, 2001, as amended December 17, 2001. (Incorporated by reference to Exhibit 10.12 of Integral’s registration statement on Form S-8 (file no. 333-76058).)
     
10.15
  
Integral Technologies, Inc. 2003 Stock Plan dated April 4, 2003 (Incorporated by reference to Exhibit 10.15 of Integral’s registration statement on Form S-8 (file no. 333-104522).)
     
10.18
  
Grant of Option dated June 17, 2005 between Integral and Thomas Aisenbrey. (Incorporated by reference to Exhibit 10.18 of Integral’s Current Report Form 8-K dated June 17, 2005 (filed June 23, 2005).)
     
10.19
  
Agreement between the Company and The QuanStar Group, LLC dated June 20, 2005. (Incorporated by reference to Exhibit 10.18 of Integral’s Current Report Form 8-K dated June 17,2005 (filed June 23, 2005).)
     
10.20
  
Patent License Agreement between the Company and Heatron, Inc. dated March 17, 2006. (Incorporated by reference to Exhibit 10.20 of Integral’s Current Report Form 8-K dated March 17, 2006 (filed April 11, 2006).)
     
10.21
  
Patent License Agreement between the Company and Jasper Rubber Products, Inc. dated August 25, 2006. (Incorporated by reference to Exhibit 10.21 of Integral’s Current Report Form 8-K dated August 25, 2006 (filed September 19, 2006).)
     
10.22
  
Grant of Option dated November 6, 2006 between Integral and Thomas Aisenbrey. (Incorporated by reference to Exhibit 10.22 of Integral’s Quarterly Report on Form 10-QSB for the period ended September 30, 2006.)
     
10.23
  
Manufacturing Agreement between Integral and Jasper Rubber Products, Inc. dated November 22, 2006. (Incorporated by reference to Exhibit 10.23 of Integral’s Current Report on Form 8-K dated November 27, 2006 (filed December 4, 2006).)
     
10.24
  
Patent License Agreement between Integral and ADAC Plastics, Inc. d/b/a ADAC Automotive, dated November 28, 2006. (Incorporated by reference to Exhibit 10.24 of Integral’s Current Report on Form 8-K dated December 18, 2006 (filed December 20, 2006).)
     
10.25
  
Patent License Agreement between Integral and Esprit Solutions Limited, dated December 18, 2006. (Incorporated by reference to Exhibit 10.25 of Integral’s Current Report on Form 8-K dated January 9, 2007 (filed January 19, 2007).)
     
10.26
  
Patent License Agreement between Integral and Knowles Electronics, LLC, dated January 18, 2007. (Incorporated by reference to Exhibit 10.26 of Integral’s Quarterly Report on Form 10-QSB for the period ended December 31, 2006.)
 
 
 
10.27
  
Agreement between Integral and Visionary Innovations, Inc., dated February 16, 2007. (Incorporated by reference to Exhibit 10.27 of Integral’s Quarterly Report on Form 10-QSB for the period ended March 31, 2007.)
     
10.28
  
Amendment One to Manufacturing Agreement between Integral and Jasper Rubber Products, Inc. dated July 19, 2007. (Incorporated by reference to Exhibit 10.28 of Integral’s Current Report on Form 8-K dated July 19, 2007 (filed July 30, 2007).)
     
 
Section 302 Certification by the Corporation’s Chief Executive Officer.  (Filed herewith).
     
 
Section 302 Certification by the Corporation’s Chief Financial Officer.  (Filed herewith).
     
 
Section 906 Certification by the Corporation’s Chief Executive Officer.  (Filed herewith).
     
 
Section 906 Certification by the Corporation’s Chief Financial Officer.  (Filed herewith).