MASS MEGAWATTS WIND POWER INC - Annual Report: 2009 (Form 10-K)

form10k.htm

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

x ANNUAL REPORT UNDER SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934.

For the fiscal year ended April 30, 2009

¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934.

For the transition period from __________, 20__, to __________, 20__.

Commission File Number 000-32465

MASS MEGAWATTS WIND POWER, INC.

(Name of Small Business Issuer in its Charter)

Massachusetts		04-3402789
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification Number)

95 Prescott Street, Worcester, Massachusetts 01605

(Address of Principal Executive Offices)

(508) 751-5432

(Issuer's Telephone Number)

Securities registered under Section 12(b) of the Exchange Act:

Title of each class

Name of each exchange on which registered

Securities registered under Section 12(g) of the Exchange Act:

Title of each class

Name of each exchange on which registered

Common Stock, No Par Value

OTCBB

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 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 x No ¨

Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B is not contained in this form, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (check one):

Large accelerated filer 

Accelerated filer 

 Non-accelerated filer

x Smaller reporting company

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

State issuer's revenues for its most recent fiscal year. $24,731

As of April 30, 2009, the aggregate market value of the voting stock held by non-affiliates of the registrant was approximately $3,108,384, based upon the closing sales price reported for such date on the OTCBB. The number of shares held by non-affiliates was 2,220,274 shares. Shares of Common Stock held by each officer and director and by each person who owns five percent or more of the outstanding Common Stock have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.

As of July 28, 2009, the number of shares outstanding of the Registrant's Common Stock, no par value was 6,765,676.

Our principal offices are located at 95 Prescott Street, Worcester, Massachusetts 01605 and our telephone number is (508) 751-5432.

MASS MEGAWATTS WIND POWER, INC.

CONTENTS

Part I

Item 1. Description of Business		5

Item 2. Description of Property		12

Item 3. Legal Proceedings		12

Item 4. Submission of Matters to a Vote of Security Holders		12

Part II

Item 5. Market for the Common Equity and Related Stockholder Matters		13

Item 6. Management’s Discussion and Analysis or Plan of Operation		16

Item 7. Financial Statements		20

Item 8. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures		29

Item 8A. Controls and Procedures		29

Part III

Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act		30

Item 10. Executive Compensation		34

Item 11. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters		35

Item 12. Certain Relationships and Related Transactions		36

Item 13. Exhibits and Reports on Form 8-K		37

Item 14. Principal Accountant Fees and Services		38

Signatures		39

Exhibits		37

Part I

FORWARD LOOKING STATEMENTS

This annual report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements, particularly as related to the business plans of the Company, expectations of strategic relationships, business opportunities related to wind energy, and the Company's ability to gain market share, the size of the market, the ability of the Company to develop new technologies, the ability of the Company to compete effectively in the marketplace, and the future product opportunities of the Company are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the Company's expectations and estimates.

CAUTIONARY STATEMENT

This Registration Statement may contain forward-looking statements that involve risks and uncertainties, including but not limited to the Company's ability to produce a cost-effective wind energy conversion device. Among the important factors that could cause actual events to differ materially from those indicated by forward-looking statements in this registration statement are the failure of the Company to achieve or maintain necessary zoning approvals with respect to the location of its MAT power developments; to successfully produce the MAT on time and remain competitive; the inability of the Company to sell its wind energy systems in the future, if needed, to finance the marketing and sales of its electricity; general economic conditions; as well as those risk factors detailed in the periodic reports filed by the company.

ITEM 1. DESCRIPTION OF BUSINESS

GENERAL DEVELOPMENT OF BUSINESS

Mass Megawatts Wind Power Inc., a Massachusetts Corporation ("Mass Megawatts" or the "Company") is in the business of producing wind turbines and selling wind generated electricity. The Company was organized under the laws of the Commonwealth of Massachusetts on May 27, 1997 as Mass Megawatts, Inc. and changed its name to Mass Megawatts Power, Inc. on January 2, 2001. Mass Megawatts Power, Inc. changed its name again on February 27, 2002 to Mass Megawatts Wind Power, Inc.

There has been no bankruptcy, receivership, or proceeding in the Company's history. No event has occurred involving material reclassification, merger, consolidation, or significant amount of assets purchased or sold not pertaining to the ordinary course of business. Mass Megawatts has not recorded any significant revenue since its inception and there is substantial doubt about the going concern status of the company without additional funding.

COMPANY SUMMARY

Mass Megawatts plans to build and operate wind energy power plants and plans to sell the electricity to the electric power exchange. The Company's technology is projected to compete effectively in the near term with new fossil fuel fired generating facilities at more locations than the current technology. The Company's licensed MultiAxis Turbosystem (MAT) technology (multiple patents granted and pending) is expected to contribute clean, cost-competitive wind energy.

If Mass Megawatts chooses to work through power brokers, the potential exists to sell the environmental correct "green" power at a premium price being higher than conventional fuel sources. Power brokers usually receive a premium of 1.5 cents per kWh above the wholesale price paid on the open market. Therefore, 5.5 cents per kWh is a conservative green market price paid to green power brokers. The market is new and subject to uncertainty including price fluctuations.

The sale of electricity to power brokers is more profitable than selling directly to the electricity commodities market. If the cost of the marketing infrastructure of selling green energy at a 2 cents per kWh premium is justified as opposed to the wholesale contracting of electricity at a lower price, then Mass Megawatts plans to market the electricity to green energy brokers. The green power is energy from clean energy production sources like wind energy in which consumers are willing to pay a premium in order to promote clean energy. Mass megawatts plans to build and operate wind energy plants and sell the electricity either through contracts with utilities which is the traditional method for independent power plants or directly into the open market or electricity commodities market like a merchant plant similar to many natural gas fired power plants. In some cases, we have plans to sell the power plants themselves to large customers or utilities.

LICENSING RIGHTS

Pursuant to a Licensing Agreement dated June 21, 2000, Mass Megawatts has been granted an exclusive sublicense to market, within a limited territory, the MultiAxis Turbosystem (MAT) and associated technology relative to increasing wind velocity cost effectively with the use of external walls or structure to enhance the flow of air velocity for increasing power output. The Multiaxis Turbosystem has several mechanical and structural innovations in order to reduce the cost of wind power. There are also better methods of reducing the amount of material used in order to achieve a desired power output. The MAT is comprised of certain products and technology covered by several applications for United States Letters Patent by Mr. Ricker as well as patent grants in the United States and other countries. The patent rights comprise several innovations related to methods to increase wind velocity. The limited territory is defined as: Massachusetts, New York, New Jersey, Pennsylvania, California, Illinois, Kansas, Michigan, Minnesota, Nebraska, North Dakota, South Dakota, Texas, Vermont, Washington, and Wisconsin. Pursuant to the sublicensing agreement, Mass Megawatts must pay a royalty fee to Mr. Ricker based on two percent of the net sales of Mass Megawatts for the life of the patent of each product being licensed. The Sublicensor is Windstorm International of Putnam, CT who received a license agreement from Jonathan Ricker, Chairman and Chief Executive Officer of Mass Megawatts. Mr. Ricker, who is also the majority shareholder of Windstorm International, is the owner of the patents and patent rights of the licensed technology to Windstorm International. Several of the patents have filed Patent Cooperation Treaty Applications and National Phase patents in many nations and all major countries. The Patent Cooperation Treaty is the method used to simplify the intellectual property protection process standardizing the process with over 150 nations in the world. Since the company is highly dependent on the intellectual property rights for protection and growing the business, it is an important part of the potential success of the Company.

THE PRODUCT

The Company's product is the MultiAxis Turbosystem (MAT). Wind turbines take advantage of a free, clean, inexhaustible power source to convert wind energy into electricity. Each MAT consists of a rectangular fabricated steel frame comprising a series of shafts with each shaft comprising a plurality of turbine blades. The generators feed to a power collector panel which, in turn, connects to the power grid. Each MAT unit is rated at 360 kW which is large enough to power about 100 homes at locations which have an average annual wind speed of greater than 16 miles per hour. There are enough locations in the United States with 16 miles per hour average annual wind velocity to power twenty percent of the nation’s energy supply according to the United State’s Department of Energy.

In order to generate large amounts of cost-efficient energy, conventional turbines (airplane propeller style) require massive and expensive rotors to turn the huge blades. These blades must be of a diameter sufficient to increase the airflow impacting the blade's surface area. As the diameter of the blade increases, so too does the cost of other components. Large blades also create structural stress and fatigue problems in the gearbox, tower, and in the yawing system which turns the turbine into the optimal wind direction.

The MAT reduces blade cost by using a geometrically simple, smaller blade which addresses problems associated with vertical axis turbines. Vertical axis turbines suffer from severe structural stress problems caused by the forces of lift which push the blades back and forth causing heavy cyclical loads. As vertical turbines rotate, wind contacts them first from the left side, then from the right. This constant repetitive motion causes fatigue. The popular propeller, or horizontal version, also has horizontal lift stresses, although at a reduced level since the lift forces are not constantly reversing. MAT's small blade units eliminate the structural fatigue of longer, heavier blades. The need to accurately balance the lightweight blades are less critical. In other words, blades of less than 3 feet in diameter can survive a hurricane unlike the larger blades. It also enables MAT to more efficiently gather the mechanical power of the wind and transfers it to the generators for the production of electrical power. The higher speed of rotation of the smaller blades also allow the use of smaller and less expensive gearboxes in order to increase the rotation of the mechanical forces to power the generators cost effectively. This innovation also allows other critical parts of the wind turbine to be repositioned, thus reducing the structural complexity and cost of construction. For example, the heavy generator and shaft speed increasing device can now be placed at ground level, rather than mounted atop the tower. In conventional wind turbine design, the shaft speed increasing device is typically a heavy gearbox which must be sufficiently rugged to withstand the vibrations of the tower caused by the large blades. The combination of vibrations and yaw (the action of turning the turbine into the wind), causes structural stress.

By locating the drive train and generator at ground level, components with considerable weight or mass can be used. For example, a direct drive generator can be used, eliminating the need for a gearbox. This provides the advantages of variable-speed operation which increases power output at a lower cost. Ground level construction also allows easier access, which reduces maintenance costs.

Other environmental advantages specific to MAT include its noiseless turbines which will ease site permitting, and its high visibility to birds which will prevent them from flying into the rotation area.

BRIEF TECHNICAL OVERVIEW OF PRODUCT ADVANTAGES

Traditionally, wind turbines were supported by a single tower and in many cases with guy wires that lead to a multitude of vibration and frequency related problems. The blades of vertical axis turbines were large and therefore limited in their design and the materials. For example, aluminum extrusion and fiberglass pultrusion were used in the two most serious commercial applications of vertical axis turbines. Due to the large size of the fiberglass blades, transporting them require a straight shape. The strength was limited for the purpose of being able to bend the blades at the place of installation. In other vertical axis wind technology, the aluminum blades could not form a true aerodynamically optimal shape. The blades had to be made of significant length and the available extrusion equipment for the long length and large profiles are not available for producing a structural and aerodynamic blade at a cost competitive price. The patents of both serious commercial prior applications of vertical axis technology are described in "Vertical Axis Wind Turbine" Patent number 4,449,053 and "Vertical Axis Wind Turbine with Pultruded Blades" in Patent number 5,499,904. The MAT overcame the size related disadvantages. One such manufacturing advantage of the MAT includes the cost reduction of using smaller components instead of larger and fewer components. Other advantages include providing more solid blades, which help, resolve cyclical stress advantages include providing inexpensive repair and maintenance with components like the generator, heavy variable speed equipment and gearbox on the ground level while elevating the rotor high above the ground in order to avoid turbulence. The MAT is also easier to construct and uses standard off the shelf items which avoids the need of custom made parts with the exception of the mass-produced blades.

MARKETS

Wind energy experienced a 20% annual growth for the past five years according the American Wind Energy Association which is the industry’s trade organization based in Washington, D. C. and more information can be viewed on their web site which is www.awea.org and it contains much information on the industry and its markets. Mass Megawatts could receive a selling price of 5 cents or greater per kWh for its clean electricity Recent national surveys show that approximately 40-70% of the population surveyed indicate a willingness to pay a premium for renewable energy. Although 10% of the respondents say they will participate in such a program, actual participation is estimated at 1%. Currently, more than a dozen utilities have green marketing programs. Public Service Company of Colorado, Central and South West Services Corporation of Texas, and Fort Collins Light and Power Company are leading the effort in wind related green electricity marketing.

Although the green market is new, utilities are using two approaches to take advantage of the growing public preference for renewable energy by initiating two approaches. One is offering customers a specific electricity source at a premium. The second approach is giving customers an opportunity to invest in future renewable energy projects.

COMPETITIVE COMPARISON

According to the Electric Power Research Institute, the past 10 years have seen traditional energy costs increase while wind energy costs have declined. Excluding MAT, the advances in technology, larger-scale and more efficient manufacturing processes, and increased experience in wind turbine operations has contributed substantially to this trend. This cost decline is paralleled with a several hundred fold increase in installed wind energy capacity. As a result, maintenance costs have fallen significantly. Wind energy sources comprise less than one percent of the current electricity generating industry.

The current status in wind energy economics compared with alternate energy sources is shown in Figure 1. Values are based on lifetime average cost studies including design, construction, and operations. Prior to the introduction of MAT, the best wind turbines potentially produce electricity at 4.5 per kWh under optimum wind conditions of an average annual wind speed of 16 miles per hour or greater. Although less than 1% of the Earth's surface experiences such conditions, Battelle Pacific Northwest laboratory estimates that wind energy could supply about 20% of the world's electricity using current wind technology. This figure does not factor the potential of MAT. A comparison of the cost of wind generated electricity with more conventional power plants shows wind energy is competitive. The table shown below is supported by information on the web site www.awea.org and many links located on the website.

FIG. 1
Fuel Source	Cost/kWh			Market Share

Coal		4.0			50.0	%
Nuclear		15.0			20.0	%
Natural Gas		9.0			10.0	%
Petroleum		8.0			3.0	%
Hydroelectric		4.5	*		12.0	%
Wind (pre MAT)		4.5	**		0.25	%
Solar		10.0			0.5	%
Diesel		7.0 - 40.0	***		0.5	%
Biomass		8.0			0.5	%

At good hydroelectric sites

In 15 mph average wind speed conditions

***

Depending on size and location of facility, with smaller more remote locations having higher costs

SOURCING

The Company is not dependent upon exclusive or unique suppliers. However, certain custom-made items including bearings and blades will require four to six weeks lead time due to special manufacturing techniques. The Company has identified alternate suppliers if current business relationships cease.

The Company plans to use multiple suppliers, chosen through competitive bidding. The price of materials used is expected to be substantially similar from one vendor to the next due to the availability of raw supplies. The absence of special technologies negates dependence on any one supplier.

INDUSTRY ANALYSIS

According to the U.S. Department of Energy, wind energy is rapidly becoming one of the least expensive and most abundant new sources of electricity with capacity expected to increase and costs decrease over the next two decades. Over the past two decades, the wind energy industry has increasingly studied and improved wind turbine design and operation. Initially, federal research focused on very large utility scale machines each with a capacity potential of 1 to 5 megawatts. Focus continued on larger machines during the 1970's and 1980's when many international corporations developed large wind turbines with 200 ft. blades. In the 1990's, smaller wind turbines gained acceptance as the more viable option and the majority of wind turbines today are intermediate-sized with 50-500 kWh peak capacity. Most turbines being built today are mature propeller-based designs comprising upwind, horizontal axis 3-blades construction with a 500-600 kilowatt rating. These turbines look like giant fans with thin blades and while they have lent credibility to the wind industry within the investment and developer community, the cost of energy from these turbines may be near the upper limit due to size effectiveness and efficiencies of mass production. The acceptance of these propeller-driven turbines is based on many years of testing and experience but the industry's ability to develop more efficient innovations utilizing this design is limited and research potential is exhausted. Still, numerous alternative turbines have been developed and include one-blade and two-blade machines; vertical axis design, variable speed designs; direct drive between blades; generator rather than gearbox.

Not factoring the Company's MAT product, World Energy Council expects new wind capacity worldwide to continue to grow. The continued evolution of this technology is evident with the existence of varying wind turbine designs. However, there is division in the wind industry between those who want to capitalize on the emerging respect the business community has for established, mature wind technology, and those who seek new technologies designed to bring about significant cost reductions. Mass Megawatts chooses to seek new horizons beyond current perception and knowledge by developing new technologies that will significantly reduce wind energy costs. As a result, the Company products can be seen as participants in several different industries.

The Conventional Independent Power Producers (IPP)

The impact of deregulation of the electric utilities is expected to present opportunities for wind-related IPP's according to the Massachusetts Technology Collaborative. With current cost of wind power in limited high wind locations at 4.5 per kWh, the cost of large scale investment in wind energy is the same to the consumer as it would be for more conventional energy sources. In other words, combined gas turbines, modern coal technologies, and wind power in limited locations can all earn enough sufficient to encourage investment if and when the retail sale of the electricity produced is 4.5 per kWh.

The End of Line Industry

Modular sources of power generation at the end of a utility's distribution lines include small wind turbines, diesel generators, and photovoltaics. In growing communities, it is more cost effective to add small power-generating facilities such as wind turbines than to construct expensive new transmission capacity. In many

regions, utilities are required to provide electric service and as a result, they are likely to pay a premium for electricity rather than incur the higher cost of constructing new power lines and substations for transport. In these areas, the price per kWh sold is several times higher than the normal selling price.

The Green Industry

In the new era of electric utility restructuring wherein consumers can choose their electricity sources, some are choosing green energy produced from clean and renewable sources such as wind or solar power. These resources are available as a commodity but the green consumer pays a premium for emission-free energy. The American Wind Energy Association in Washington, D.C. states that recent polls show that more than 5% of the general population is willing to pay more for renewable energy.

The Off-Grid Industry

This small industry is for consumers who are not in close proximity to power lines or who choose not to be connected to the grid. The industry includes wind, solar, wood burning furnaces, and small hydropower turbines. Like the green industry, these consumers have a strong environmental awareness. Although the potential market for off-grid energy is less than 1% of the electricity market, the dollar potential is estimated to be as much as $2 billion.

Renewable energy technologies, as well as diesel power, are the major sources of electricity for those who compete in the End of the Line, Green Energy, and Off-Grid industries.

Wind Energy Industry Participants

As wind energy technology gains wider acceptance, competition may increase as large, well-capitalized companies enter the business. Although one or more may be successful, the Company believes that its technological advantage and early entry will provide a degree of competitive protection.

As previously stated, wind energy is booming and it is the fastest growing source of energy worldwide for three consecutive years according to the National Renewable Energy Laboratory in Boulder, Colorado. Energy companies such as British Petroleum, regarded for their forward thinking management, see opportunities in wind power development. Over $1.5 billion in worldwide sales of wind power plants has been achieved. The total world investment in wind power projects in 2007 is more than $8.5 billion according the American Wind Energy Association. Following are just a few of the companies involved in wind power, and they represent the largest wind turbine manufactures in the world.

The Danish firm, Vestas, is the world's leading producer of wind turbines and a major exporter of turbines to the United States. An innovator in structural and generator advancements, Vestas has 3,000 employees and its world market share in 2000 was 40%.

Sea West Energy Corporation is a wind farm developer with completed wind power projects totaling nearly 400 megawatts ($500 million). The company has a reputation for quality turbines.

Bonus Windpower of Denmark produce high quality turbines in Europe, located primarily in Wales, and has exported to the U.S.

Nordex of Denmark, Enercon, and DeWind both of Germany, produce turbines with a blade diameter greater than 150 feet.

Nedwind of the Netherlands manufactures turbines for export to the Caribbean and India.

Bergey Windpower produces small turbines; primarily for use where utility grid interconnect lines are not readily available.

As a footnote, recent economic growth in India and China has spurred on wind energy's high growth rate in those countries. As a result, they are world leaders in the demand for wind turbines.

DISTRIBUTION PATTERNS

Distribution begins with identifying energy demand in and near potential power plant sites. Replacement of older or obsolete power plants, as well as growth in the population and the economy, are factors in determining energy demand in identified areas. Assuming a sufficient energy demand, the Company would test the site to determine whether sufficient wind energy resources are available to effectively and efficiently displace current electricity sources, thus reducing pollution from fossil fuel. With a successful analysis, the Company would obtain land right and apply for permits to install and operate a wind power generating plant. In the past, zoning and permitting issues have included noise generated by wind farms, however, the MAT's slower moving blades should help eliminate this issue.

Mass Megawatts is claiming its stake in the growing electric power industry. The Company identifies competition in terms of specific products which fill the same needs as our products. Primary competitors are:

Combined-Cycle Gas Turbines - innovations in this technology have led to lower costs, higher efficiency, and cleaner emissions.

Modern Coal Technologies - New designs, which double or triple reheat scrubber-equipped plants, increase efficiencies and decrease pollution emissions relative to typical reheat designs.

Biomass-generated electricity - Gasifying the biomass to fuel high-efficiency gas turbine systems could be cost competitive with natural gas in the near term. Petroleum, photovoltaic cells and nuclear power are not a current threat to Mass Megawatts since the cost to produce electricity from these sources is higher than that of wind. Cost effective, profitable hydropower is limited to sites on swift moving water sources and with limited ability to increase market share it does not prove a major threat toward wind power.

FOREIGN SALES AND EXPORTS

With the exception of a 50kW project in Hungary, Mass Megawatts Wind Power, Inc. does not have any operations in foreign companies or export sales in the fiscal years ending April 30, 2009 or 2008.

RESEARCH AND DEVELOPMENT COSTS

Research and development costs are charged to operations when incurred and are included in operating expenses. The amounts charged for the years ended April 30, 2009 and 2008 amounted to $110,160 and $26,347, respectively. All of these costs are borne by the Company.

OPERATION SUMMARY

The highest priority is to complete the third party verification of the technology. The purpose is to prove the new product's long term durability in order to be eligible for debt financing and receive more favorable equity financing in the future.

The next priority is our marketing program. While it is true that minimal marketing efforts will be required, there will be some initial marketing of the product to bring it to the attention of potential buyers. Upon successful third party verification, Mass Megawatts can begin developing strategic alliances with other wind power developers who have done the initial more expensive and sometimes complicated steps of zoning, financing and other requirements toward developing much larger commercial wind energy projects. The developers would benefit from Mass Megawatt's new product if it can be proven to be more cost effective in the finance community. No assurance can be given as to the development of a successful new product. However, the third party verification should go a long way toward removing the doubt.

Included in the marketing program, is the initial establishment of strategic alliances with companies involved with green marketing programs. During the third party verification process, Mass Megawatts plans to begin these efforts with "word of mouth" techniques at business organizations and with power brokers. As a lower priority Mass Megawatts may be involved in very limited efforts to include direct advertising to green pricing customers either through direct mail or advertising in the media in conjunction with environmental related events. On a limited budget, the Company plans to be able to determine which marketing methods are most effective by marketing in a very limited geographical area.

As initial marketing efforts including "word of mouth" techniques have matured, the Company plans to advertise in local publications if cash flow allows continued marketing efforts. Again as noted earlier, no assurance can be given as to the development of a successful marketing program. If successful, television and radio advertisement could be utilized.

As our next priority, working capital and administrative support plans to be used for contingencies on an "as needed" basis.

Over the past year, Mass Megawatts has continued to refine the engineering details and construction processes required for commercial production of the Muti-Axis Turbosystem (MAT). These advances are currently being applied to the third party verification and ultimately accelerate worldwide awareness and acceptance of the MAT technology.

In addition, Mass Megawatts has created valuable financial analysis materials to allow our potential customer base to identify effective financing methods. This will facilitate the sale of MAT units going forward.

EMPLOYEES

As of April 30, 2009, the Company had no employees. Jonathan Ricker is an executive officer, and is not considered an employee. The Company does hire consultants and other professionals including carpenters, ironworkers, electricians and computer programmers working directly on construction projects as necessary. During the year ended April 30, 2009, there were no employees hired directly by the Company. Mass Megawatts has retained other members of the management team as consultants. Mass Megawatts believes that there will be no significant changes in the number of employees. The Company does not have a collective bargaining agreement and Mass Megawatts does not have an employment contract with Mr. Ricker.

STRATEGY AND MARKETING

The Company plans to approach the simplest method of initial market penetration and then sell directly to the power exchanges. The Company plans to try to avoid difficulties of evaluating wind resources, obtaining sites, financing, and locating potential purchasers of power plants by redeveloping abandoned or obsolete wind farms. Our strategy places turbines in high wind areas where the purchase contracts from utilities for wind energy are already available. We have identified large users of electric power in high wind locations. Also, we had initial meetings with the local planning boards of the communities with the proposed sites and decision makers who purchase the electricity. We also plan to have strategic alliances with developers of proposed sites and construction companies as Mass Megawatts grows rapidly

Also, a groundswell across the nation for Green Power/renewable energy has prompted state and federal legislatures to offer tremendous tax credits and incentives.including a federal tax credit of 30% of the capital cost passed by Congress and signed into law by President Obama. Capitalizing on this trend, Mass Megawatts Wind Power, Inc. has prepared a MAT sales presentation for high tax bracket individuals and corporations. For those qualifying, the financial risk of purchasing a MAT unit is minimized by the tax advantages. (Details may be found on our website under "New Developments -- Tax Package".) Revenue generated from these initial sales will accelerate internal growth and promote additional sales opportunities.

DISTRIBUTION

Although little marketing is required for profitable trades on the power exchanges, the Company will, at some time in the future, seek a higher price for each kilowatt/hour sold. When the Company pursues this effort, sales and service activities are planned to be handled through strategic alliances with new and emerging electric power brokers, which have formed as a result of deregulation in the retail sale of electricity. Power brokers buy blocks of electricity in megawatt/hour units. For example, a power broker would enter into a contract to purchase 10,000 megawatts/hours of electricity for $400,000 over a period of one year and provide a five percent non-refundable deposit on each block of electricity reserved for future purchases. Such brokers include All Energy, Green Mountain Resources, and Energy Vision. Another marketing resource for the Company’s product is Electricity Choice, which helps negotiate consumer electric sales. The Company plans to aggressively promote its products to brokers, focusing on cost savings and environmental benefits. It plans to also solicit bids from power brokers, most of whom are registered in the states in which they do business. Compensation to brokers is straightforward and is typically calculated as a percentage of power sales.

CRITICAL ACCOUNTING POLICIES

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 amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company reviews its estimates, including but not limited to, recoverability of long-lived assets, recoverability of prepaid expenses and deposits on a regular basis and makes adjustments based on historical experiences and existing and expected future conditions. These evaluations are performed and adjustments are made as information is available. Management believes that these estimates are reasonable; however, actual results could differ from these estimates.

We believe that the following critical policies affect our more significant judgments and estimates used in preparation of our financial statements.

ITEM 2. DESCRIPTION OF PROPERTY

Mass Megawatts Wind Power, Inc. does not own any properties. The Company's administrative offices are on Prescott Street in Worcester, Massachusetts. A wind tunnel facility was built by Mass Megawatts Wind Power, Inc. on property leased at the same location on Prescott Street in Worcester, Massachusetts. In some examples of activities at the wind tunnel facility, we test new blades and other components for structural issues. We also collect data for power output of different blade configurations and certain method of increasing wind velocity into the blades. In Charlton, Massachusetts, a field test facility is located on top of a hill where Mass Megawatts has developed a prototype to verify the structural and mechanical durability of the product. The latest prototype, located in Blandford, Massachusetts is a pre commercial prototype designed for choosing the system for commercial production.

ITEM 3. LEGAL PROCEEDINGS

The Company currently has no legal proceedings to which the Company is a party to or to which its property is subject to and, to the best of its knowledge, no adverse legal activity is anticipated or threatened.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There were no matters submitted to the security holders during the year ended April 30, 2009.

PART II

ITEM 5. MARKET FOR THE COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

The Common Stock of the Company is traded in the over-the-counter market and was quoted on the NASDAQ Over-the-Counter Bulletin Board under the symbol "MMGW.OB” or “MMGW." The following table sets forth, for the fiscal years ended April 30, 2009 and April 30, 2008, the high and low per share bid prices of the Company's Common Stock as reported by the OTCBB. These quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.

	2009
	HIGH		LOW
First Quarter	$	2.94	$	.60
Second Quarter		2.13		.84
Third Quarter		1.20		.51
Fourth Quarter		1.74		.51

	2008
	HIGH		LOW
First Quarter	$	.74	$	.30
Second Quarter		.87		.43
Third Quarter		.78		.51
Fourth Quarter		.68		.35

During the year ended April 30, 2009, there was no modification of any instruments defining the rights of holders of the Company's common stock and no limitation or qualification of the rights evidenced by the Company's common stock as a result of the issuance of any other class of securities or the modification thereof.

During the year ended April 30, 2009, the Company issued the following shares of stock:

	Shares		Amount
Consulting:
Common stock for services at $1.69 per share (July 2008)		74,442	$	125,807
Common stock for services at $1.73 per share (September 2008)		3,472	$	6,007
Prototype development and compensation expense:
Common stock for services at $1.36 per share (April 2009)		75,276	$	102,375
Cash:
Common stock for cash at $.20 per share (July 2008)		81,000	$	16,200
Common stock for cash at $.25 per share (July 2008)		10,000	$	2,500
Common stock for cash at $.30 per share (July 2008)		175,000	$	52,500
Common stock for cash at $.40 per share (July 2008)		40,000	$	16,000
Common stock for cash at $.55 per share (July 2008)		78,100	$	42,955
Common stock for cash at $.70 per share (July 2008)		130,872	$	91,610
Common stock for cash at $1.05 per share (July 2008)		214,301	$	225,016
Common stock for cash at $1.05 per share (August 2008)		5,000	$	5,250
Common stock for cash at $.42 per share (December 2008)		122,000	$	51,240
Common stock for cash at $.35 per share (February 2009)		10,000	$	3,500
Common stock for cash at $.42 per share (February 2009)		24,000	$	10,080
Common stock for cash at $.50 per share (February 2009)		116,000	$	58,000
Common stock for cash at $.35 per share (March 2009)		110,000	$	38,500
Common stock for cash at $.42 per share (March 2009)		51,000	$	21,420
Common stock for cash at $.35 per share (April 2009)		117,143	$	41,000
Common stock for cash at $.40 per share (April 2009)		50,000	$	20,000
Common stock for cash at $.42 per share (April 2009)		5,000	$	2,100
Common stock for cash at $.43 per share (April 2009)		15,000	$	6,450
Common stock for cash at $.45 per share (April 2009)		22,223	$	10,000
Common stock for cash at $.50 per share (April 2009)		171,000	$	85,500
Common stock for cash at $.55 per share (April 2009)		45,453	$	24,999
Common stock for cash at $.60 per share (April 2009)		30,000	$	18,000

The common stock issued for services is valued at its fair market value. These shares are not registered under Rule 506 of Regulation D, which is an exemption of Section 4(c) of the Securities Act of 1933.

Rule 506 of Regulation D is considered a "safe harbor" for the private offering exemption of Section 4(2) of the Securities Act. Companies using the Rule 506 exemption can raise an unlimited amount of money. A company can be assured it is within the Section 4(2) exemption by satisfying the following standards:

The company cannot use general solicitation or advertising to market the securities;

The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchases. Unlike Rule 505, all non-accredited investors, either alone or with a purchaser representative, must be sophisticated-that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment;

Companies must decide what information to give to accredited investors, so long as it does not violate the antifraud prohibitions of the federal securities laws. But companies must give non-accredited investors disclosure documents that are generally the same as those used in registered offerings. If a company provides information to accredited investors, it must make this information available to non-accredited investors as well;

The company must be available to answer questions by prospective purchasers;

Financial statement requirements are the same as for Rule 505; and

Purchasers receive "restricted" securities, meaning that the securities cannot be sold for at least a year without registering them. While companies using the Rule 506 exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what is known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company's owners and stock promoters, but contains little other information about the company.

DIVIDEND POLICY

The Company does not anticipate that it will pay cash dividends or distributions in the foreseeable future. In the past, Mass Megawatts had never declared any cash dividends or made any distributions. The Company plans to retain its earnings in order to help finance the growing operations.

As of April 30, 2009 there were approximately 329 shareholders of Common Stock. As of April 30, 2009, there were 6,765,676 common shares issued and outstanding. The Company has 7,000,000 common shares authorized. All the shares have equal rights with respect to voting, liquidation, and dividend rights. Of the Company's total outstanding shares, approximately 4,900,000 shares may be sold, transferred or otherwise traded in the public market without restrictions, unless held by an affiliate or controlling shareholder of the Company. None of the free trading shares are held by an affiliate.

ITEM 6. MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

THIS FILING CONTAINS FORWARD-LOOKING STATEMENTS. THE WORDS "ANTICIPATED," "BELIEVE," "EXPECT," "PLAN," "INTEND," "SEEK," "ESTIMATE," "PROJECT," "COULD," "MAY," AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS. THESE STATEMENTS INCLUDE, AMONG OTHERS, INFORMATION REGARDING FUTURE OPERATIONS, FUTURE CAPITAL EXPENDITURES, AND FUTURE NET CASH FLOW. SUCH STATEMENTS REFLECT THE COMPANY'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND FINANCIAL PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, INCLUDING, WITHOUT LIMITATION, GENERAL ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN FOREIGN, POLITICAL, SOCIAL, AND ECONOMIC CONDITIONS, REGULATORY INITIATIVES AND COMPLIANCE WITH GOVERNMENTAL REGULATIONS, THE ABILITY TO ACHIEVE FURTHER MARKET PENETRATION AND ADDITIONAL CUSTOMERS, AND VARIOUS OTHER MATTERS, MANY OF WHICH ARE BEYOND THE COMPANY'S CONTROL. SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES OCCUR, OR SHOULD UNDERLYING ASSUMPTIONS PROVE TO BE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY AND ADVERSELY FROM THOSE ANTICIPATED, BELIEVED, ESTIMATED, OR OTHERWISE INDICATED. CONSEQUENTLY, ALL OF THE FORWARD-LOOKING STATEMENTS MADE IN THIS FILING ARE QUALIFIED BY THESE CAUTIONARY STATEMENTS AND THERE CAN BE NO ASSURANCE OF THE ACTUAL RESULTS OR DEVELOPMENTS.

Results of Operations for the year ended April 30, 2009 compared to April 30, 2008

Net Sales

We generated revenues of $24,731 for the year ended April 30, 2009 (“Fiscal 2008-9 Period”) compared to $27,008 for the year ended April 30, 2008 (“Fiscal 2007-8 Period”).

Cost of Sales and Contracting Profit

Contracting loss for Fiscal 2008-9 Period was $412,673 compared to contracting profit of $3,066 for Fiscal 2007-8 Period. The increase in the contracting loss of $415,739 was due primarily to anticipated losses of $410,250 on work performed as a subcontractor for the Army at Ft. Huachuca, Arizona. Additional costs were incurred on this project to provide upgrades to technology and additional improvement to the product. The contract was entered into as part of our plan to complete the product to prove the long-term durability in order to be eligible for more favorable financing in the future.

Operating Expenses

Our total operating expenses were $662,434 for the Fiscal 2008-9 Period compared to total operating expenses of $213,482 for the Fiscal 2007-8 Period. Our operating expenses for the Fiscal 2008-9 Period included $110,160 in wind project development expenses compared to $26,347 reported for the Fiscal 2007-8 Period and $552,274 in general and administrative expenses compared to $187,133 reported for the Fiscal 2007-8 Period. The increase in project development was due to the cost of upgrading the technology of our prototypes. The increase of $365,141 in general and administrative expenses was primarily due to stock based compensation of $182,927 for the Fiscal 2008-9 Period compared to $8,355 for the Fiscal 2007-8 Period. Our general and administrative expenses included $103,140 in marketing expenses compared to $30,095 reported for the Fiscal 2007-8 Period; increases in marketing expenses were due to website development; $51,731 in travel related expenses for the Fiscal 2009-8 Period compared to $21,879 for the Fiscal 2007-8 Period; $50,183 in legal and professional fees during the Fiscal 2008-9 Period compared to $33,322 for the Fiscal 2008-7 Period; the $29,852 additional legal and professional fees during the Fiscal 2008-9 Period were incurred as a result of reporting obligations as a public company; other consulting and engineering fees reported for Fiscal 2008-9 Period were $65,456 compared to $52,526 for Fiscal 2007-8 Period; Insurance of $16,195 for the Fiscal 2009-8 Period compared to $1,717 for the Fiscal 2007-8 Period; increases in insurance coverage were added during the Fiscal 2008-9 Period to comply with conditions required by the Army to qualify for the subcontract agreement; other administrative costs including office and other supplies, postage, telephone and utilities for Fiscal 2008-9 Period were $54,443 compared to $16,510 for Fiscal 2007-8 Period; these increases were due to increased activity in construction of the Army project and developing new markets.

Our net other expenses for the Fiscal 2008-9 Period were $7,909 compared to $17,932 for the Fiscal 2007-8 Period; our other expenses included interest expense of $8,473 for the Fiscal 2008-9 Period compared to $17,991 for the Fiscal 2007-8 Period. The decrease in interest expense of $9,518 was primarily due to the Company using resources to reduce credit card and shareholder loan obligations.

Liquidity and Capital Resources

We had total assets of $142,985 as of April 30, 2009, which consisted of cash of $83,151, contracts receivable of $25,115, costs in excess of billings on uncompleted contracts of $8,251, prepaid expenses and other current assets of $20,847, and fixed assets net of accumulated depreciation of $5,621.

We had total liabilities of $289,161 as of April 30, 2009, consisting of accounts payable and accrued liabilities of $101,991, provision for loss on contract of $73,329, loans and advances provided by director of $102,769, and deferred income of $11,072.

We have had net losses since inception and had at accumulated deficit of $4,923,075 at April 30, 2009.

We had net cash used in operating activities of $759,137 for the year ended April 30, 2009. We had a net loss of $1,083,016 including non-cash items of $234,189 related to stock issued for services, $2,008 of depreciation and imputed interest of $1,661.

We had $842,135 in net cash provided by financing activities for the year ended April 30, 2009, including $842,821 in proceeds from the sale of stock.

We had no outstanding cash commitments as of April 30, 2009.

Mass Megawatts Wind Power, Inc. (the "Company") cautions readers that in addition to important factors described elsewhere, the following important facts, among others, sometimes have affected, and in the future could affect, the Company's actual results, and could cause the Company's actual results during 2010 and beyond to differ materially from those expressed in any forward-looking statements made by, or on behalf of the Company.

The Company has not had significant revenues from operations since its inception, but has raised funds through other means to maintain liquidity. Specifically, the Company raised capital with a private placement memorandum under Regulation D, Rule 506, selling shares of its common stock to raise $840,000. The Company has dedicated approximately $ 500,000 of this money to be used to upgrade existing prototypes costs in excess of billings on current projects to be utilized for manufacturing. The Company has also spent approximately $260,000 for administration, working capital, marketing, and advertising.

There is substantial doubt that the Company will have sufficient cash flows from operations to fund its operations for a minimum of 12 months following April 30, 2009 and is therefore dependent on financing from issuing capital stock or debt. In July 2009, the shareholders approved an increase of its authorized common stock from 7,000,000 to 12,000,000 shares. Mass Megawatts plans to continue to pursue additional equity financing to provide funds for operations.

The Company also expects to generate sales in fiscal 2010 and expects to be able to fund its operations for an additional 12 months, but cannot predict with any certainty its ability to do so. In April of 2009 the Company entered into two separate agreements to sell wind power projects for a total of $2.1 million. Without additional future sales, there is substantial doubt about the Company’s ability to continue as a going concern.

The Company shows a loss for the year ended April 30, 2009 and the period May 27, 1999 (date of inception) to April 30, 2009. The losses are related mostly to the professional fees and development of a prototype, including engineering work. Other costs include development of site locations for future projects, as well as administrative expenses.

The Company has nine years of operating results, with no substantial revenues from operations. Much uncertainty exists about the Company's future as a result of the lack of operating revenue for several years. The lack of long-term experience in new product development could have an adverse impact on the Company.

The Company's ticker symbol is MMGW and can be found on the Over-The-Counter Bulletin Board, more commonly described as OTC-BB: MMGW.

Mass Megawatt's market share and any changes in the underlying economics of the industry are expected to have a minimal effect on the Company's operating results within the next 12 months. This is due to the large market for electricity and the Company’s overall market share having little or no impact on a market of this size.

The wind industry is favorably impacted by new legislation and regulations toward a cleaner air environment. This trend toward wind generated electricity continues to grow, particularly in view of the non-polluting nature of wind generation and its endless renewable source. However, there remains some uncertainty on whether or not the federal or state governments will continue with favorable environmental legislation despite popular support toward renewable energy.

The electric power industry is undergoing a period of deregulation and restructuring that is similar to the telecommunication deregulation of the 1980's. It is impossible to predict whether this change will have a favorable or unfavorable impact for the industry as a whole. It is anticipated, however, that restructuring could present more advantages and opportunities for the Company's product by enabling it to compete in the new marketplace.

Critical Accounting Estimates

Revenue Recognition

Mass Megawatts recognizes revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collectibility is reasonably assured. This typically occurs when the good is provided.

Revenues from fixed-price construction contracts are recognized on the completed-contract method. A contract is considered complete when all costs except insignificant items have been incurred and the installation is operating according to specifications or has been accepted by the customer. Revenues from time-and-material contracts are recognized as the work is performed.

Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, and repairs costs. General and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Claims are included in revenues when received.

Costs in excess of amounts billed are classified as current assets under costs in excess of billings on uncompleted contracts. Billings in excess of costs are classified under current liabilities as billings in excess of costs on uncompleted contracts. Contract retentions are included in prepaid expenses and other current assets.

Share-based compensation

Stock-based compensation is accounted for in accordance with Statement of Financial Accounting Standards No. 123R, Share-Based Payment, as interpreted by SEC Staff Accounting Bulletin No. 107. SFAS No. 123R requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including grants of employee stock options based on estimated fair values.

During the years ended April 30, 2009 and 2008 Mass Megawatts did not grant any option to its employees.

Stock-based compensation awards issued to non-employees for services are recorded at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement data guidelines enumerated in Emerging Issues Task Force Issue EITF No. 96-18, “Accounting for Equity Instruments Issued to Non-Employees for Acquiring, or in Conjunction with Selling, Goods or Services.”

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Mass Megawatts does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows.

ITEM 7. FINANCIAL STATEMENTS

CONTENTS

Report of Independent Registered Public Accounting Firm	21

Financial Statements:
Balance Sheets	22
Statements of Operations	23
Statements of Changes in Stockholders' Deficit	24
Statements of Cash Flows	25
Notes to Financial Statements	26

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors

Mass Megawatts Wind Power, Inc.

(A Development Stage Company)

Worcester, Massachusetts

We have audited the accompanying balance sheets of Mass Megawatts Wind Power, Inc. (Mass Megawatts”)(A Development Stage Company), as of April 30, 2009 and 2008 and the related statements of operations, changes in stockholders’ deficit and cash flows for the years then ended and for the period from May 27, 1997 (Inception) through April 30, 2009. These financial statements are the responsibility of Mass Megawatts’ management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatements. Mass Megawatts is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Mass Megawatts’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Mass Megawatts as of April 30, 2009 and the results of its operations and its cash flows for the periods described in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that Mass Megawatts will continue as a going concern. As discussed in Note 4 to the financial statements, Mass Megawatts has suffered recurring losses from operations and has a working capital deficit, which raises substantial doubt about its ability to continue as a going concern. Management’s plans regarding those matters are described in Note 4. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

MALONE & BAILEY, PC

www.malone-bailey.com

Houston, Texas

July 29, 2009

Mass Megawatts Wind Power, Inc.

(A Development Stage Company)

Balance Sheets

	April 30,
	2009			2008
ASSETS
Current assets:
Cash	$	83,151		$	153
Contracts receivable		25,115			-
Prepaid expenses and other current assets		20,847			803
Costs in excess of billings on uncompleted contracts		8,251			-
Total current assets		137,364			956

Fixed assets, net of accumulated depreciation of $25,191 and $23,183, respectively		5,621			7,629
Other assets		-			565

Total assets	$	142,985		$	9,150

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable and accrued liabilities	$	101,991		$	47,527
Provision for loss on contract		73,329			-
Due to stockholder		102,769			103,454
Deferred income		11,072			-
Total current liabilities		289,161			150,981

Stockholders' deficit:
Common stock; no par value; 7,000,000 shares authorized; 6,765,676 and 4,989,394 shares issued and outstanding, respectively		4,776,899			3,698,228
Deficit accumulated during the development stage		(4,923,075	)		(3,840,059	)
Total stockholders' deficit		(146,176	)		(141,831	)

Total liabilities and stockholders' deficit	$	142,985		$	9,150

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

Mass Megawatts Wind Power, Inc.

(A Development Stage Company)

Statements of Operations

							May 27, 1997
	Years Ended						(Inception)
	April 30,						Through
	2009			2008			April 30, 2009

Contract revenues earned	$	24,731		$	27,008		$	51,739
Direct contracting costs		437,404			23,942			461,346
Contracting profit (loss)		(412,673	)		3,066			(409,607	)

Operating expenses:
General and administrative		660,426			211,473			4,417,908
Depreciation		2,008			2,009			25,191
Total operating costs		662,434			213,482			4,443,099

Operating loss		(1,075,107	)		(210,416	)		(4,852,706	)

Other income (expense):
Interest expense		(8,473	)		(17,991	)		(74,870	)
Interest income		564			59			4,501
Total other expense		(7,909	)		(17,932	)		(70,369	)

Net loss	$	(1,083,016	)	$	(228,348	)	$	(4,923,075	)

Net loss per share – basic and diluted	$	(0.19	)	$	(0.05	)

Weighted average number of common shares – basic and diluted		5,712,522			4,664,170

The accompanying notes are an integral part of these financial statements

Mass Megawatts Wind Power, Inc.

(A Development Stage Company)

Statement of Changes in Stockholders' Deficit

May 27, 1997 (Date of Inception) to April 30, 2009

					Deficit
					Accumulated
					During
			Common Stock		Development
	Shares		Amount		Stage			Total
Balances, May 27, 1997		-	$	-	$	-		$	-
Shares issued for materials and services		470,190		1,022,148		-			1,022,148
Shares issued for cash		932,522		1,742,608		-			1,742,608
Shares issued to pay off accounts payable		1,811,384		40,741		-			40,741
Shares issued to purchase fixed assets		7,600		17,100		-			17,100
Imputed interest		-		6,194		-			6,194
Net loss		-		-		(2,967,192	)		(2,967,192	)
Balances, April 30, 2005		3,221,696		2,828,791		(2,967,192	)		(138,401	)
Shares issued for cash		176,346		167,658		-			167,658
Shares issued for services		61,844		97,307		-			97,307
Imputed interest		-		13,567		-			13,567
Net loss		-		-		(316,565	)		(316,565	)
Balances, April 30, 2006		3,459,886		3,107,323		(3,283,757	)		(176,434	)
Shares issued for cash		396,257		216,621		-			216,621
Shares issued for services		158,718		152,720		-			152,720
Imputed interest		-		4,909		-			4,909
Net loss		-		-		(327,954	)		(327,954	)
Balances, April 30, 2007		4,014,861		3,481,573		(3,611,711	)		(130,138	)
Shares issued for cash		936,128		191,697		-			191,697
Shares issued for services		38,405		21,381		-			21,381
Imputed interest		-		3,577		-			3,577
Net loss		-		-		(228,348	)		(228,348	)
Balances, April 30, 2008		4,989,394		3,698,228		(3,840,059	)		(141,831	)
Shares issued for cash		1,623,092		842,821		-			842,821
Shares issued for services		153,190		234,189		-			234,189
Imputed interest		-		1,661		-			1,661
Net loss		-		-		(1,083,016	)		(1,083,016	)
Balances, April 30, 2009		6,765,676	$	4,776,899	$	(4,923,075	)	$	(146,176	)

The accompanying notes are an integral part of these financial statements

Mass Megawatts Wind Power, Inc.

(A Development Stage Company)

Statements of Cash Flows

							May 27, 1997
							(Inception)
	Years Ended						Through
	April 30,						April 30,
	2009			2008			2009
OPERATING ACTIVITIES
Net loss	$	(1,083,016	)	$	(228,348	)	$	(4,923,075	)
Adjustments to reconcile net loss to net cash used by operating activities:
Shares issued for services		234,189			21,381			1,527,745
Depreciation		2,008			2,009			25,191
Interest imputed on stockholder advances		1,661			3,577			29,909
Changes in:
Contracts receivable		(25,115	)		-			(25,115	)
Prepaid expenses and other current assets		(19,479	)		10,589			(20,847	)
Provision for loss on contract		73,329			-			73,329
Costs and estimated earnings in excess of billings		(8,251	)		-			(8,251	)
Accounts payable and accrued liabilities		54,465			(9,648	)		199,553
Deferred revenue		11,072						11,072
Customer deposits		-			27,008			4,192
Net cash used in operating activities		(759,137	)		(208,152	)		(3,106,297	)

INVESTING ACTIVITIES
Purchase of fixed assets		-			-			(13,712	)
Net cash used in investing activities		-			-			(13,712	)

FINANCING ACTIVITIES
Proceeds from issuance of common stock		842,821			191,697			3,161,404
Borrowings on related party debt		238,189			9,000			711,585
Payments on related party debt		(238,875	)		(8,500	)		(669,829	)
Net cash provided by financing activities		842,135			192,197			3,203,160

NET INCREASE (DECREASE) IN CASH		82,998			(15,955	)		83,151
CASH AT BEGINNING OF PERIOD		153			16,108			-
CASH AT END OF PERIOD	$	83,151		$	153		$	83,151

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid		6,774			14,413			-
Income tax paid		-			-			-

The accompanying notes are an integral part of these financial statements

Mass Megawatts Wind Power, Inc.

(A Development Stage Company)

Notes to Financial Statements

NOTE 1 – DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

Mass Megawatts Wind Power, Inc. (”Mass Megawatts"), a Massachusetts corporation, was incorporated as Mass Megawatts, Inc. on May 27, 1997. Mass Megawatts changed its name in January 2001 to Mass Megawatts Power, Inc. and has been in the development stage since its incorporation. Mass Megawatts changed its name on February 27, 2002 to Mass Megawatts Wind Power, Inc. Mass Megawatts' principal line of business is to develop its prototype wind energy production equipment and locate and adapt suitable operating facilities. It intends to build, patent, and operate wind energy generated power plants utilizing proprietary MultiAxis Turbine technology. Mass Megawatts expects to sell the generated electricity to the power commodity exchange on the open market, initially in California. The corporate headquarters is located in Worcester, Massachusetts.

Use of Estimates

Basic and Diluted Net Loss per Share

Basic loss per share is computed using the weighted average number of shares of common stock outstanding during each period. Diluted loss per share includes the dilutive effects of common stock equivalents on an “as if converted” basis. Basic and diluted loss per share are the same due to the absence of common stock equivalents. Any potential dilutive securities that would have an anti-dilutive effect were not included in the calculation of diluted net loss per common share.

Cash and Cash Equivalents

For purposes of the statements of cash flows, cash equivalents include all highly liquid investments with original maturities of three months or less.

Equipment and Depreciation

Equipment is recorded at cost. Depreciation is calculated using the straight-line basis over the estimated useful lives of the assets, which is five to ten years. Maintenance and repairs are charged to operations when incurred. Betterments and renewals are capitalized. When equipment is sold or otherwise disposed of, the asset account and related accumulated depreciation account are relieved, and any gain or loss is included in operations. Depreciation expense for the years ended April 30, 2009 and 2008 were $2,008 and $2,009, respectively.

Income Taxes

Mass Megawatts uses the asset and liability method whereby deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. These assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to reverse.

Research and Development Cost

Research and development costs are charged to operations when incurred and are included in operating expenses. Research and development costs were $110,160 and $26,347 for the years ended April 30, 2009 and 2008, respectively.

Revenue Recognition

Deferred Revenue

The Company has deferred revenue for materials that have not been delivered in the amount of $11,072 and none for the years ended April 30, 2009 and 2008, respectively. Amounts collected in advance of the period in which the product or services qualifies for revenue recognition are recorded as deferred revenue. Mass Megawatts relieves the deferred revenue balance and records revenue when the service or products have been performed or delivered in accordance with its revenue recognition policy.

Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation.

Stock-Based Compensation

During the years ended April 30, 2009 and 2008 Mass Megawatts did not grant any option to its employees.

Recently Issued Accounting Pronouncements

Mass Megawatts does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows.

NOTE 2 – CONTRACTS RECEIVABLE

	April 30,
	2009		2008
Contracts in progress:
Current accounts receivable	$	25,115	$	-
Retentions		11,550		-
Total	$	36,665	$	-

NOTE 3 – COSTS AND BILLINGS ON UNCOMPLETED CONTRACTS

Information with respect to uncompleted contracts is summarized below.

In 2009 the Company anticipated that is was going to have a loss on its uncompleted contract and recorded the loss at April 30, 2009, prior to the completion of the contract.

	April 30,
	2009			2008

Costs incurred on uncompleted contracts	$	460,671		$	-
Estimated losses		(410,250	)		-
		50,421			-
Less progress billings to date		115,499			-
	$	(65,078	)	$	-

Included in accompanying balance sheets under the following captions:
Costs in excess of billings on uncompleted contracts	$	8,251		$	-
Provision for loss on contract		(73,329	)		-
	$	(65,078	)	$	-

NOTE 4 - GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liabilities in the ordinary course of business. Operating losses have been incurred each year since inception, resulting in an accumulated deficit of $4,923,075 at April 30, 2009. In addition, at April 30, 2009, Mass Megawatts had negative working capital of $151,797. These conditions raise substantial doubt about Mass Megawatts' ability to continue as a going concern. Currently, management is soliciting additional equity investors through private placement offerings and is obtaining funding from Mass Megawatts' Chief Executive Officer to fund these losses; however, no assurance can be given as to the success of these efforts.

The financial statements of Mass Megawatts do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary if Mass Megawatts is unable to continue as a going concern.

NOTE 5 - RELATED PARTY TRANSACTIONS

At April 30, 2009, we owed $102,769 to certain stockholders, which consisted of net funds advanced of $66,323 and amounts owed on personal credit cards for company expenditures of $36,446.

The funds advanced are due on demand, bear no interest and are unsecured. Imputed interest expense of 8% was recorded during the year ended April 30, 2009 and treated as a contribution to capital. Payments on stockholders credit cards are subject to the terms and conditions of the authorizing entities.

Pursuant to a Licensing Agreement dated June 21, 2000, Mass Megawatts was granted an exclusive sublicense to market, within a limited territory, the MultiAxis Turbosystem (MAT) and associated technology relative to wind velocity augmentation which is the ability to use external walls or structure to enhance the flow of air velocity for increasing power output. The MAT is comprised of certain products and technology covered by eight applications for United States Letters Patented by Jonathan Ricker. Mr. Ricker is the owner of the patent rights of the licensed technology to Windstorm International. He is also the Chairman and Chief Executive Officer of Mass Megawatts.

The Company must pay a royalty fee to Mr. Ricker of two percent of the net sales for the life of the patent of each product being licensed.

The limited territory is defined as: Massachusetts, New York, New Jersey, Pennsylvania, California, Illinois, Kansas, Michigan, Minnesota, Nebraska, North Dakota, South Dakota, Texas, Vermont, Washington, and Wisconsin. Mass Megawatts must pay a royalty fee to Mr. Ricker based on two percent of the net sales of Mass Megawatts for the life of the patent of each product being licensed pursuant to the sublicensing agreement. The sub-licensor is Windstorm International of Putnam, CT who received a license agreement from Mr. Ricker.

Several of the patents have filed Patent Cooperation Treaty Applications and National Phase patents in many nations and all major countries have been granted and currently active during Year 2009.

The above terms and amounts are not necessarily indicative of the terms and amounts that would have been received had comparable transactions been entered into with independent party.

NOTE 6 – FIXED ASSETS

Fixed assets consist of the following:

	April 30,
	2009			2008

Vehicles	$	14,625		$	14,625
Equipment		16,187			16,187
Total	$	30,812		$	30,812
Less: accumulated depreciation		(25,191	)		(23,183	)
Fixed assets, net	$	5,621		$	7,629

NOTE 7 – CUSTOMER DEPOSITS

During first quarter of fiscal 2006, Mass Megawatts received $20,000 from a third party as a deposit related to a $50,000 purchase agreement on a sale of 25 kilowatts patented MAT wind power plant in the Berkshires of Western Massachusetts. Construction was re-scheduled to begin later in fiscal 2008. In 2007, Mass Megawatts received an additional $29,000 from a third party for the purchase of materials that were never delivered. As partial repayment of the deposit, Mass Megawatts issued shares of common stock valued at $5,500 on the date of issuance and cash of $12,300. During fiscal year ended April 30, 2008, $27,008 in sales was applied against the deposits.

NOTE 8 – PERFORMANCE BOND

On August 25, 2008, the company acquired a surety bond in the amount of $123,750 as a performance guaranty with a customer being the beneficiary.

NOTE 9 - COMMON STOCK

From inception (May 27, 1997) through April 30, 2006:

- Mass Megawatts issued 532,034 shares of common stock to consultants for their services and vendors for the material purchased. These shares were valued and recorded at fair value of $1,119,455.

- Mass Megawatts sold 1,108,868 shares of common stock for cash of $1,910,266.

- Mass Megawatts issued 1,811,384 shares of common stock to its creditors to pay off the accounts payable in the amount of $40,741. These shares were recorded at fair value.

- Mass Megawatts exchanged 7,600 shares of common stock valued at $17,100 for a vehicle and a computer.

During the year ended April 30, 2007:

- Mass Megawatts sold 396,257 shares of common stock for cash of $216,621.

- Mass Megawatts issued 158,718 shares of common stock to consultants for their services. These shares were recorded at fair value of $152,720.

During the year ended April 30, 2008:

- Mass Megawatts sold 936,128 shares of common stock for cash of $191,697.

- Mass Megawatts issued 38,405 shares of common stock to consultants for their services. These shares were recorded at fair value of $21,381.

During the year ended April 30, 2009:

- Mass Megawatts sold 1,623,092 shares of common stock for cash of $842,821.

- Mass Megawatts issued 153,190 shares of common stock to consultants for their services. These shares were recorded at fair value of $234,189.

NOTE 10 - INCOME TAXES

Mass Megawatts uses the liability method, where deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting purposes. During fiscal 2009, Mass Megawatts incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $3,291,898 at April 30, 2009, and will expire in the years 2018 through 2029.

At April 30, 2009, deferred tax assets consisted of the following:

Deferred tax assets
Net operating losses	$	1,119,245
Less: valuation allowance		(1,119,245	)
Net deferred tax asset	$	-

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES

1. Disagreements with Accountants on Accounting and Financial Disclosure:

None

2. Changes in Registrant's Certifying Accountants.

None

ITEM 8A. CONTROLS AND PROCEDURES

Evaluation of disclosure controls and procedures.

Our Management, principally our chief executive officer and chief financial officer, which is the same person, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934). Based on this evaluation, our chief executive officer and chief financial officer concluded that, as of the end of such period, the Company’s disclosure controls and procedures were not effective, as required under Rules 13a-15(e) and 15d-15(e) under the Exchange Act. This conclusion by the Company’s chief executive officer and chief financial officer at the end of the fiscal year covered by this Annual Report does not relate to reporting periods after April 30, 2009.

Management’s Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act. Our internal control system was designed 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. Because of inherent limitations, a system of internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate due to change in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Our management, including our chief executive officer and chief financial officer at the end of the fiscal year covered by this Annual Report, conducted an evaluation of the effectiveness of our internal control over financial reporting. Based on its evaluation, our management concluded that there is a material weakness in our internal control over financial reporting. A material weakness is a deficiency, or a combination of control deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

The material weakness relates to the monitoring and review of work performed by our Chief Financial Officer and lack of segregation of duties. In the preparation of audited financial statements, footnotes and financial data all of our financial reporting is carried out by our Chief Financial Officer, and we do not have an independent audit committee to monitor or review the work performed. The lack of segregation of duties results from lack of accounting staff with accounting technical expertise necessary for an effective system of internal control. In order to mitigate this material weakness to the fullest extent possible, all financial reports are monitored and reviewed by the Chief Executive Officer. All unexpected results are investigated. We currently hire accounting consultants to assist in implementing additional procedures for the monitoring and review of work performed by our chief financial officer.

In the future, the Company intends to hire additional management and accounting staff which can develop and implement a system to strengthen its internal controls over financial reporting.

This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only management’s report in this Annual Report on Form 10-K.

Changes in Internal Control Over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting during the year ended April 30, 2009 that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

Certification by each Director and executive officer has been executed.

PART III

ITEM 9. DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS OF THE REGISTRANT; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

EXECUTIVE OFFICER:

Chairman, Chief Executive Officer and Chief Financial Officer

Jonathan Ricker 95 Prescott Street, Worcester, MA Age: 49

Term as officer: 1997 – current;

Term expiration: Term is continuous until an action by the majority shareholders.

For the past 26 years, Mr. Ricker has been involved in product development, strategic planning, and market evaluations for clients in growth businesses. He served as Senior Registered Options Principal in the Investment Banking industry, developing innovative risk protection solutions for clients. Mr. Ricker's involvement with investment banking provided insight into the significant long-term potential for opportunities related to wind energy and as a result he has been actively researching wind energy for more than 11 years.

Education (degrees, schools, and dates)

1978 - 1982 Bentley College Bachelor of Science, General Business

Waltham, MA Associates Degree, Science of Accounting

1974 - 1978 Worcester Academy Liberal Arts Worcester, MA

Chief Operating Officer

Thomas D. McBride Deerfield Circle Shrewsbury, MA Age: 50

Term as officer: 1997 – current; Term expiration:

Term is continuous until an action by the majority shareholders.

Mr. McBride was instrumental in improving several business operations over the last 28 years. In the past eight years from year 2001, he served as a consultant for emerging growth businesses including Mass Megawatts. Tom has an extensive background of operations experience with strong product development, product planning, and business development skills. He served for five years from 1996 to 2001 as Operations Manager for Lawrence Pumps, Inc. of Lawrence Massachusetts. Mr. McBride implemented shop floor control and capacity planning functions. Before his employment at Lawrence Pumps, Tom was the Director of Engineering for seven years at Nelmor Company, Inc. of North Uxbridge, Massachusetts. Tom obtained several U.S. and foreign patents pertaining to special equipment used at Nelmor Company. Mr. McBride has the ability and track record for improving manufacturing efficiencies, reducing lead-time, analyzing performance, budgeting workloads, and other planning capabilities for operating a company.

Education (degrees, schools, and dates)

MBA from University of Akron in 1978 BSME from University of Missouri in 1970

CONSULTANTS:

Michael A. Cook, Age: 52

Project Finance Manager

Mr. Cook has over 28 years of experience in the project finance in the energy industry including 16 years with wind energy. Since 2003, he consulted and advised several companies related to creative finance strategies and more cost effective and efficient ways of operating wind energy and other energy related companies. Between 1998 and 2003, he was President of Trade Winds Inc., a Finance and Insurance Consulting Company. He faced the challenges of renewable Technologies being experimental and lacking sufficient historical long life data of traditional energy projects. His first wind energy finance package was underwritten by Continental Insurance Company in 1984. Mike has been developing structured financial risk mitigation programs that gives added assurance of debt repayment to project lenders involved in new energy technology like wind energy. Mr. Cook gained his experience in new project finance when he was the Pacific Regional Manager of Special Risk Property and Machinery Department for 10 years at Continental Insurance Company. Mike managed a staff, which included professional division managers and 5 satellite offices. He also served 3 years as an Executive at the Special Risk Energy Technical Department of the Energy and Utility Division of CIGNA Corporation. Mike was involved in the development of financial methods for new projects for several energy companies including Ormat, Mission Energy, TOSCO, PG&E, SMUD, Colorado Public Service, LUZ Solar, and many wind projects. Mike's method of mitigating risk includes weather risk insurance coverage including the lack of good wind. With proper documentation generated by project due diligence and local public data, financial guarantees of the course of nature is available.

Thomas Andrellos, Age: 43

Director of Business Planning

Mr. Andrellos has over 21 years experience in the areas of Materials Management. Since 1998, he has been a consultant for most high tech companies purchasing and business planning. Tom has led the start-up efforts of a high volume process intensive manufacturing division that expanded into multiple sites in the United States and Far East. He has directed the operational organization in support of budget objectives, business goals, and customer delivery. He has also managed a cost center budget of over $60 million in inventory spending and $100 million in capital equipment purchases. Tom's past experience includes being a new product manager, planning and logistics manager, plant materials manager and an inventory-planning supervisor. Mr. Andrellos received many awards in the areas of leadership, inventory reduction, program management and employee values.

Thomas M. Dill, Age: 48

Director of Corporate Services

Mr. Dill has over 28 years of Manufacturing, Industrial Engineering, Real Estate, and Facilities management experience. Since the Year 2000, he was a consultant for primarily European Companies In the late 1990s Tom was the Director of Real Estate and Facilities for MKE-Quantum Corporation responsible for three facilities operations with two sites in the United States and Indonesia. Prior to MKQC Mr. Dill spent nine years as Director of Real Estate and Corporate Planning for two high tech companies. From 1975-1990, he worked as an industrial engineering manager in the semiconductor industry and printed circuit boards. His project management responsibilities included the construction of a $20 million class 1, clean room facility for semiconductor manufacturing, a $35 million office building expansion and a $6 million loading dock and chemical storage facility. Tom is a licensed Real Estate Broker and Massachusetts Construction Supervisor. In 1982, Tom received his B.S. in Business Administration from Boston University.

F. Adrian Price, Age: 65

Principal mechanical engineer

Adrian has 21 years of experience in vital areas of wind turbine design being the specification, design, and testing of rotating mechanical equipment. Since 1999, he was the Chief Mechanical Engineer for Topsfield Engineering. He also worked for Mass Megawatts while he worked for Topsfield Engineering. Mr. Price will be the Project Engineer and coordinate the overall project. Adrian has experience in managing multimillion dollar engineering project rotating machinery and equipment. Mr. Price had worked for Vertatec for 7 years on rotating machinery used in manufacturing and acquired valuable skills when he worked at Mount Hope Machinery. He has the analytical experience to work with designers and engineers with experience in structural and dynamic analysis. Adrian also has 4 years of experience at Bird Machine with high speed rotating machinery.

Mr. Price has a BS and MS from Massachusetts Institute of Technology

DIRECTORS

There are presently three Directors of the Company, one is an inside director, and two are outside Directors.

Gary Bedell

Mr. Bedell is currently a service engineer consultant for several clients in Massachusetts. He has several years of technical experience including structural, mechanical and computer related work. Age: 52

Term as officer: 2008 – current; Term expiration: Term is continuous until an action by the majority shareholders.

Debra Kasputis

Ms. Kasputis has several years of administrative oversight for the operational side of small business activity. Age: 48

Term as officer: 2008 – current; Term expiration: Term is continuous until an action by the majority shareholders.

Jonathan Ricker Chairman and Chief Executive Officer of Mass Megawatts Power, Inc. of Shrewsbury, MA (See Executive Officers.)

AUDIT COMMITTEE

The Audit Committee consists of the entire Board of Directors. The Audit Committee selects the independent auditors; reviews the results and scope of the audit and other services provided by Mass Megawatts’ independent auditors, and reviews and evaluates Mass Megawatts’ internal control functions. The board of directors has determined that Jonathan Ricker is the audit committee “financial expert”, as such term is defined under federal securities law, and is not independent. Mr. Ricker is an expert by virtue of: (i) education and experience as a principal financial officer, principal accounting officer, controller, public accountant or auditor or experience in one or more positions that involve the performance of similar functions; (ii) experience actively supervising a principal financial officer, principal accounting officer, controller, public accountant, auditor or person performing similar functions; (iii) experience overseeing or assessing the performance of companies or public accountants with respect to the preparation, auditing or evaluation of financial statements; and (iv) other relevant experience.

ITEM 10. EXECUTIVE COMPENSATION

The Company does not have an incentive or profit sharing plan for its employees, officers or directors. Mr. Ricker and the other directors do not have any employment or compensation contracts with Mass Megawatts. Consulting fees paid to Jonathan Ricker, Chairman and Chief Executive Officer, are determined based on an hourly rate and for the past three years are as follows:

2008 2007 2006

JONATHAN RICKER $39,500 $ 10,000 $-0-

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information as of April 30, 2008 known to own beneficially more than 5% of the outstanding Common Stock. Included are officers or directors who are beneficiary of any shares as individual or a group regardless of whether they own greater or less than 5% of the outstanding shares. There were 4,989,394 shares issued and outstanding as of April 30, 2008.

Name and Address Amount and nature of Beneficial Owner Percent of Class

Of Beneficial Owner

Jonathan Ricker

95 Prescott Street

Worchester, MA 01605 1,709,836 33.7%

Common Stock

All officers and directors as 1,709,836 25%

Cede & Co 1,384,178 27.7%

* Less that 1% of the issued and outstanding shares of common capital stock

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Other than below, there have been no transactions between the Company and any shareholder owning greater than 5% of the Company's outstanding shares, executive officer, director, nominee for officer or director, or any of the above referenced individual's immediate family.

The majority shareholder has made several advances to the Company, during fiscal year ended April 30, 2008, to assist with its financial obligations. These advances, in the amount of $42,442 at April 30, 2008, are non-interest bearing, unsecured and due on demand. Imputed interest of 8% has been recorded during the year ended April 30, 2008.

LICENSING RIGHTS

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

A) Form 8-K

The Company filed the following current reports on the Form 8-K on the following dates during the year ended April 30, 2009:

On July 30,2008, reporting a press release on the results of operations and financial condition for the fiscal year ended April 30,2008

On August 15,2009,reporting the sale of unregistered stock

On August 15,2009, reporting the departure of Directors and the election of new Directors

On September 22,2008, reporting a press release on the results of operations and financial condition for the fiscal quarter ended July 31,2008

On November 25,2008, reporting an FD disclosure

On December 18,2008 reporting a press release on the results of operations and financial condition for the fiscal quarter ended October 31,2008

On March 17,2009 reporting a press release on the results of operations and financial condition for the fiscal quarter ended January 31,2009

B) Exhibits -

31	Certification of the Chief Financial Officer

Dated July XXX, 2009

32	Certification Pursuant to 18 U.S.C.

Section 1350, as Adopted Pursuant to Section

906 of the Sarbanes-Oxley Act of 2002

ITEM 14. PRINCIPAL ACCOUNTANTS FEES AND SERVICES

Audit Fees

During fiscal 2008, we were billed by our auditors, Malone & Bailey, PC, approximately $17,450 for audit and review fees associated with our 10-KSB and 10-QSB filings.

	Audit related fees
	None

	Tax Fees
	None

	All Other Fees
	None

Board of Directors Pre-Approval Process, Policies and Procedures

Our principal auditors have performed their audit procedures in accordance with pre-approved policies and procedures established by our Board of Directors. Our principal auditors have informed our Board of Directors of the scope and nature of each service provided. With respect to the provisions of services other than audit, review, or attest services, our principal accountants brought such services to the attention of our Board of Directors prior to commencing such services.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereto duly authorized:

MASS MEGAWATTS WIND POWER, INC.

Dated: July 31, 2009	By: /s/ Jonathan Ricker
	Jonathan Ricker
	Chairman, Chief Executive Officer,
	Chief Financial Officer and
	Principal Accounting Officer

In accordance with the Exchange Act, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Dated: July 31, 2009	By: /s/ Jonathan Ricker
	Jonathan Ricker
	Chairman, Chief Executive Officer,
	Chief Financial Officer and
	Principal Accounting Officer

Dated: July 31, 2009	By: /s/ Gary Bedell
	Gary Bedell
	Director


Dated: July 31, 2009	By: /s/ Debra Kasputis
	Debra Kasputis
	Director