----

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**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**

**June 30, 2007**

| o | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE                ACT |
|---|-----------------------------------------------------------------------------------------------|

|  | For                the transition period from | ________________                to ________________ |
|--|-----------------------------------------------|-----------------------------------------------------|

|  | Commission                file number |  ______________________________________ |
|--|---------------------------------------|----------------------------------------------|

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| Florida                                                                       |   | 000-29219                               |   | 98-0199508                                       |
|-------------------------------------------------------------------------------|--------|-----------------------------------------|--------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (Commission                File Number) |   | (IRS                Employer Identification No.) |

| Suite                206 – 388 Drake Street       |   |                         |
|---------------------------------------------------------|--------|------------------------------|
| Vancouver,                British Columbia, Canada      |   |  V6B                6A8 |
| (Address                of principal executive offices) |   | (Zip                Code)    |

| Issuer’s                telephone number |   | (604)                648-2090 |
|------------------------------------------------|--------|-------------------------------|

| Yes | x | No | o |
|-----|---|----|---|

| Yes | o | No | x |
|-----|---|----|---|

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**APPLICABLE      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**

**PROCEEDINGS      DURING THE PRECEDING FIVE YEARS**

| Yes | o | No | x |
|-----|---|----|---|

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

| Yes | o | No | x |
|-----|---|----|---|

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**SYNTHENOL      INC.**

**FORM      10-QSB**

**PART I      – FINANCIAL INFORMATION**

| **Item                1.**                           | **FINANCIAL                STATEMENTS**                                                           |   |
|------------------------------------------------------|---------------------------------------------------------------------------------------------------|--------|
|                                                 |                                                                                              |   |
|                                                 | Consolidated                Balance Sheets                                                        | 5      |
|                                                 |                                                                                              |   |
|                                                 | Consolidated                Statements of Operations                                              | 6      |
|                                                 |                                                                                              |   |
|                                                 | Consolidated                Statements of Cash Flows                                              | 7      |
|                                                 |                                                                                              |   |
|                                                 | Consolidated                Statement of Stockholders’                Deficit               | 9      |
|                                                 |                                                                                              |   |
|                                                 | Notes                to Consolidated Financial Statements                                         | 10     |
|                                                 |                                                                                              |   |
| **Item                2.**                           | **MANAGEMENT’S                DISCUSSION AND ANALYSIS OR PLAN OF                OPERATION** | 13     |
|                                                 |                                                                                              |   |
| **Item                3.**                           | **CONTROLS                AND PROCEDURES**                                                        | 14     |
|                                                 |                                                                                              |   |
|                                                 |                                                                                              |   |
| **PART                II – OTHER INFORMATION** |                                                                                              |
|                                                 |                                                                                              |   |
|                                                 |                                                                                              |   |
| **Item                1.**                           | **LEGAL                PROCEEDINGS**                                                              | 14     |
|                                                 |                                                                                              |   |
| **Item                2.**                           | **UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF                PROCEEDS**     | 14     |
|                                                 |                                                                                              |   |
| **Item                3.**                           | **DEFAULTS                UPON SENIOR SECURITIES**                                                | 14     |
|                                                 |                                                                                              |   |
| **Item                4.**                           | **SUBMISSION                OF MATTERS TO A VOTE OF SECURITY                HOLDERS**             | 14     |
|                                                 |                                                                                              |   |
| **Item                5.**                           | **OTHER                INFORMATION**                                                              | 14     |
|                                                 |                                                                                              |   |
| **Item                6.**                           | **EXHIBITS                AND REPORTS ON FORM 8-K**                                               | 14     |

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***Table          of Contents***

| **Item                 1. ** | **FINANCIAL                STATEMENTS** |
|----------------------------------------|-----------------------------------------|

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***Table          of Contents***

SYNTHENOL        INC.

| ASSETS                                                                                                                                                         |   | June                30, |       |   | December                31, |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|------------|--------|-----------------------------|--------|
|                                                                                                                                                           |   | 2007                    |       |   | 2006                        |   |
|                                                                                                                                                           |   | Unaudited               |       |   |                        |   |
| Current                assets                                                                                                                                  |   |                    |       |   |                        |   |
| Cash                                                                                                                                                           |   | $                       | 1,003      |   |                        | $      | 13,462 |   |
| Prepaid                expenses                                                                                                                                |   |                    | 10,709     |   |                        |   | - |   |
|                                                                                                                                                           |   |                    |       |   |                        |   |   |   |
|                                                                                                                                                           |   | $                       | 11,712     |   |                        | $      | 13,462 |   |
| LIABILITIES                AND STOCKHOLDERS’ DEFICIT                                                                                                     |   |                    |       |   |                        |   |   |   |
|                                                                                                                                                           |   |                    |       |   |                        |   |   |   |
| Current                liabilities                                                                                                                             |   |                    |       |   |                        |   |   |   |
| Accounts                payable and accrued liabilities (Note 4)                                                                                               |   | $                       | 126,421    |   |                        | $      | 118,577 |   |
| Notes                payable (Note 3)                                                                                                                          |   |                    | 179,385    |   |                        |   | 107,431 |   |
|                                                                                                                                                           |   |                    |       |   |                        |   |   |   |
|                                                                                                                                                           |   |                    | 305,806    |   |                        |   | 226,008 |   |
|                                                                                                                                                           |   |                    |       |   |                        |   |   |   |
| Capital                stock                                                                                                                                   |   |                    |       |   |                        |   |   |   |
| Preferred                stock; $0.01 par value, 5,000,000 shares authorized, no shares issued                or                outstanding                    |   |                    |       |   |                        |   |   |   |
| Common                stock; $0.01 par value, 100,000,000 shares authorized, 731,521 (December                31, 2006: 731,521) shares issued and outstanding |   |                    | 7,315      |   |                        |   | 7,315 |   |
| Treasury                stock, at cost, 540 shares (December 31, 2006: 540)                                                                               |   |                    | (270       | )      |                        |   | (270 | ) |
| Additional                paid-in capital                                                                                                                      |   |                    | 1,953,614  |   |                        |   | 1,953,614 |   |
| Accumulated                other comprehensive income                                                                                                          |   |                    | 11,931     |   |                        |   | 18,604 |   |
| Deficit                                                                                                                                                        |   |                    | (1,305,454 | )      |                        |   | (1,305,454 | ) |
| Deficit                accumulated during the development stage                                                                                                |   |                    | (961,230   | )      |                        |   | (886,355 | ) |
|                                                                                                                                                           |   |                    |       |   |                        |   |   |   |
|                                                                                                                                                           |   |                    | (294,094   | )      |                        |   | (212,546 | ) |
|                                                                                                                                                           |   |                    |       |   |                        |   |   |   |
|                                                                                                                                                           |   | $                       | 11,712     |   |                        | $      | 13,462 |   |

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***Table          of Contents***

SYNTHENOL      INC.

|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   | January                  1, 2004 (Date |    |
|---------------------------------------------------------------------|--------|-----------------------------------|---------|--------|---------------------------------|--------|---------|-------------------------------------|--------|--------|---------|--------|--------|----------------------------------------|---------|
|                                                                |   | Three                months ended |    |   | Six                months ended |   |    | of                  inception of    |   |
|                                                                |   | June                30,           |    |   | June                30,         |   |    | development                  stage) |   |
|                                                                |   | 2007                              |    |   | 2006                            |   |    | 2007                                |   |   | 2006    |   |   | to                June 30,2007         |    |
|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |
| General                and Administrative Expenses                  |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |
| Amortization                                                        |   | $                                 | -       |   |                            | $      | -       |                                |   | $      | -       |   |   | $                                      | -       |   |   | $ | 27,077 |   |
| Bad                debt                                             |   |                              | -       |   |                            |   | -       |                                |   |   | -       |   |   |                                   | 476     |   |   |   | 525 |   |
| Corporation                promotion                                |   |                              | -       |   |                            |   | -       |                                |   |   | -       |   |   |                                   | 68      |   |   |   | 13,920 |   |
| Insurance                                                           |   |                              | -       |   |                            |   | -       |                                |   |   | -       |   |   |                                   | -       |   |   |   | 15,901 |   |
| Management                and consulting fees                       |   |                              | 29,157  |   |                            |   | 3,000   |                                |   |   | 51,914  |   |   |                                   | 7,527   |   |   |   | 166,772 |   |
| Office                supplies and services                         |   |                              | 4,040   |   |                            |   | 513     |                                |   |   | 8,255   |   |   |                                   | 4,050   |   |   |   | 55,665 |   |
| Professional                fees                                    |   |                              | 576     |   |                            |   | 2,390   |                                |   |   | 14,706  |   |   |                                   | 17,062  |   |   |   | 222,425 |   |
| Rent                                                                |   |                              | -       |   |                            |   | 642     |                                |   |   | -       |   |   |                                   | 367     |   |   |   | 16,311 |   |
| Wages                                                               |   |                              | -       |   |                            |   | -       |                                |   |   | -       |   |   |                                   | -       |   |   |   | 84,258 |   |
|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |   |   |   |   |   |
| Loss                before other items                              |   |                              | (33,773 | )      |                            |   | (6,545  | )                                   |   |   | (74,875 | )      |   |                                   | (29,550 | ) |   |   | (602,854 | ) |
|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |   |   |   |   |   |
| Other                items                                          |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |   |   |   |   |   |
| Loss                on disposition of equipment                     |   |                              | -       |   |                            |   | -       |                                |   |   | -       |   |   |                                   | -       |   |   |   | (15,028 | ) |
| Write-down                of intangible assets                      |   |                              | -       |   |                            |   | (2      | )                                   |   |   | -       |   |   |                                   | -       |   |   |   | (50,001 | ) |
| Write-off                of notes payable                           |   |                              | -       |   |                            |   | -       |                                |   |   | -       |   |   |                                   | -       |   |   |   | 14,823 |   |
| Gain                on settlement of lawsuit                        |   |                              | -       |   |                            |   | -       |                                |   |   | -       |   |   |                                   | -       |   |   |   | 44,445 |   |
|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |   |   |   |   |   |
| Loss                from continuing operations                      |   |                              | (33,773 | )      |                            |   | (6,547  | )                                   |   |   | (74,875 | )      |   |                                   | (29,550 | ) |   |   | (608,615 | ) |
|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |   |   |   |   |   |
| Operating                income (loss) from discontinued operations |   |                              | -       |   |                            |   | -       |                                |   |   | -       |   |   |                                   | 22      |   |   |   | (382,299 | ) |
|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |   |   |   |   |   |
| Gain                on sale of discontinued operations              |   |                              | -       |   |                            |   | 6,547   |                                |   |   | -       |   |   |                                   | 29,684  |   |   |   | 29,684 |   |
|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |   |   |   |   |   |
| Net                Income (loss)                                    |   | $                                 | (33,773 | )      |                            | $      | (6,547  | )                                   |   | $      | (74,875 | )      |   | $                                      | 156     |   |   | $ | (961,230 | ) |
|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |   |   |   |   |   |
| Basic                and diluted loss per share                     |   | $                                 | (0.05   | )      |                            | $      | (0.01   | )                                   |   | $      | (0.10   | )      |   | $                                      | -       |   |   |   |   |   |
|                                                                |   |                              |    |   |                            |   |    |                                |   |   |    |   |   |                                   |    |   |   |   |   |   |
| Weighted                average number of shares outstanding        |   |                              | 731,521 |   |                            |   | 731,521 |                                |   |   | 731,521 |   |   |                                   | 724,615 |   |   |   |   |   |

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***Table          of Contents***

SYNTHENOL      INC

|                                                               |   |                            |    |   |                              |   |    | January                1, 2004 (Date |   |
|--------------------------------------------------------------------|--------|---------------------------------|---------|--------|-----------------------------------|--------|---------|--------------------------------------|--------|
|                                                               |   | Six                months ended |    |   | of                inception of    |   |
|                                                               |   | June                30,         |    |   | development                stage) |   |
|                                                               |   | 2007                            |    |   | 2006                              |   |    | to                June 30, 2007      |   |
| Cash                Flows from Operating Activities                |   |                            |    |   |                              |   |    |                                 |   |
| Loss                from continuing operations                     |   | $                               | (74,875 | )      |                              | $      | (29,550 | )                                    |   | $ | (608,615 | ) |
| Add                (deduct) items not affecting cash:              |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Amortization                                                       |   |                            | -       |   |                              |   | -       |                                 |   |   | 27,077 |   |
| Issuance                of common stock for services               |   |                            | -       |   |                              |   | -       |                                 |   |   | 1,000 |   |
| Stock-based                compensation                            |   |                            | -       |   |                              |   | -       |                                 |   |   | 4,460 |   |
| Loss                on disposition of equipment                    |   |                            | -       |   |                              |   | -       |                                 |   |   | 225,184 |   |
| Write-down                of intangible assets                     |   |                            | -       |   |                              |   | -       |                                 |   |   | 360,001 |   |
| Write-off                of notes payable                          |   |                            | -       |   |                              |   | -       |                                 |   |   | (18,729 | ) |
| Gain                on settlement of lawsuit                       |   |                            | -       |   |                              |   | -       |                                 |   |   | (44,445 | ) |
| Changes                in non-cash working capital items:          |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Prepaid                expenses                                    |   |                            | (10,709 | )      |                              |   |    |                                 |   |   | (10,709 | ) |
| Amounts                receivable                                  |   |                            | -       |   |                              |   | 2,250   |                                 |   |   | - |   |
| Accounts                payable and accrued liabilities            |   |                            | 7,844   |   |                              |   | 9,887   |                                 |   |   | 126,421 |   |
| Accrued                interest on notes payable                   |   |                            | 6,954   |   |                              |   | -       |                                 |   |   | 12,547 |   |
|                                                               |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Cash                provided by (used in) continuing operations    |   |                            | (70,786 | )      |                              |   | (17,413 | )                                    |   |   | 74,192 |   |
| Discontinued                operations                             |   |                            | -       |   |                              |   | 29,705  |                                 |   |   | (553,150 | ) |
|                                                               |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Net                cash used in operating activities               |   |                            | (70,786 | )      |                              |   | (12,292 | )                                    |   |   | (478,958 | ) |
|                                                               |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Cash                Flows from Investing Activities                |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Proceeds                from sale of subsidiary                    |   |                            | -       |   |                              |   | 1       |                                 |   |   | 1 |   |
| Proceeds                from assets disposition                    |   |                            | -       |   |                              |   | -       |                                 |   |   | 5,458 |   |
| Purchase                of equipment                               |   |                            | -       |   |                              |   | -       |                                 |   |   | (5,808 | ) |
| Net                cash provided by (used in) investing activities |   |                            | -       |   |                              |   | 1       |                                 |   |   | (349 | ) |
|                                                               |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Cash                Flows from Financing Activities                |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Proceeds                from (repayments of) notes payable         |   |                            | 65,000  |   |                              |   | (12,226 | )                                    |   |   | 278,614 |   |
| Proceeds                from issuance of common stock              |   |                            | -       |   |                              |   | -       |                                 |   |   | 1,000 |   |
|                                                               |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Net                cash provided by (used in) financing activities |   |                            | 65,000  |   |                              |   | (12,226 | )                                    |   |   | 279,614 |   |
|                                                               |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Effect                of exchange rate changes on cash             |   |                            | (6,673  | )      |                              |   | (1,158  | )                                    |   |   | (8,821 | ) |
|                                                               |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Net                decrease in cash from continuing operations     |   |                            | (12,459 | )      |                              |   | (1,091  | )                                    |   |   | (208,514 | ) |
|                                                               |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Cash,                beginning                                     |   |                            | 13,462  |   |                              |   | 6,765   |                                 |   |   | 209,517 |   |
|                                                               |   |                            |    |   |                              |   |    |                                 |   |   |   |   |
| Cash,                ending                                        |   | $                               | 1,003   |   |                              | $      | 5,674   |                                 |   | $ | 1,003 |   |

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***Table          of Contents***

|                                                                                                                            |   |                            |   |   |                              |   |   | January                1, 2004 (Date |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|--------|--------|-----------------------------------|--------|--------|--------------------------------------|--------|
|                                                                                                                            |   | Six                months ended |   |   | of                inception of    |   |
|                                                                                                                            |   | June                30,         |   |   | development                stage) |   |
|                                                                                                                            |   | 2007                            |   |   | 2006                              |   |   | to                June 30, 2007      |   |
|                                                                                                                            |   |                            |   |   |                              |   |   |                                 |   |
|                                                                                                                            |   |                            |   |   |                              |   |   |                                 |   |
| Supplemental                Disclosure of Cash Flow Information and Non-cash Investing and Financing                Activities: |   |                            |   |   |                              |   |   |                                 |   |
| Cash                paid for:                                                                                                   |   |                            |   |   |                              |   |   |                                 |   |
| Interest                                                                                                                        |   | $                               | -      |   |                              | $      | -      |                                 |   | $ | - |   |
| Income                taxes (recovery)                                                                                          |   | $                               | -      |   |                              | $      | -      |                                 |   | $ | (3,934 | ) |
|                                                                                                                            |   |                            |   |   |                              |   |   |                                 |   |   |   |   |
| Common                shares issued to settle notes payable                                                                     |   | $                               | -      |   |                              | $      | -      |                                 |   | $ | 25,000 |   |

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***Table          of Contents***

SYNTHENOL      INC.

|                                                   |   |                         |    |   |     |   |   |       |   |   |          |   |   |        |      |   |                      |   |   | Deficit     |   |   |       |   |
|--------------------------------------------------------|--------|------------------------------|---------|--------|----------|--------|--------|------------|--------|--------|---------------|--------|--------|-------------|-----------|--------|---------------------------|--------|--------|-------------|--------|--------|------------|--------|
|                                                   |   |                         |    |   |     |   |   |       |   |   |          |   |   | Accumulated |      |   |                      |   |   | Accumulated |   |   |       |   |
|                                                   |   |                         |    |   |     |   |   | Additional |   |   | Other         |   |   |        |      |   | During                the |   |   |        |   |
|                                                   |   | Common                Shares |    |   | Treasury |   |   | Paid-in    |   |   | Comprehensive |   |   |        |      |   | Development               |   |   |        |   |
|                                                   |   | Number                       |    |   | Amount   |   |   | Stock      |   |   | Capital       |   |   | Income      |      |   | Deficit                   |   |   | Stage       |   |   | Total      |   |
| Balance                at December 31, 2005            |   |                         | 681,521 |   |     | $      | 6,815  |       |   | $      | (270          | )      |   | $           | 1,929,114 |   |                      | $      | 18,041 |        |   | $      | (1,305,454 | )      |   | $ | (849,780 | ) |   | $ | (201,534 | ) |
| Net                loss                                |   |                         | -       |   |     |   | -      |       |   |   | -             |   |   |        | -         |   |                      |   | -      |        |   |   | -          |   |   |   | (36,575 | ) |   |   | (36,575 | ) |
| Foreign                currency translation adjustment |   |                         | -       |   |     |   | -      |       |   |   | -             |   |   |        | -         |   |                      |   | 563    |        |   |   | -          |   |   |   | - |   |   |   | 563 |   |
| Share                issues for debt                   |   |                         | 50,000  |   |     |   | 500    |       |   |   | -             |   |   |        | 24,500    |   |                      |   | -      |        |   |   | -          |   |   |   | - |   |   |   | 25,000 |   |
| Balance                at December 31, 2006            |   |                         | 731,521 |   |     |   | 7,315  |       |   |   | (270          | )      |   |        | 1,953,614 |   |                      |   | 18,604 |        |   |   | (1,305,454 | )      |   |   | (886,355 | ) |   |   | (212,546 | ) |
| Net                loss                                |   |                         | -       |   |     |   | -      |       |   |   | -             |   |   |        | -         |   |                      |   | -      |        |   |   | -          |   |   |   | (74,875 | ) |   |   | (74,875 | ) |
| Foreign                currency translation adjustment |   |                         | -       |   |     |   | -      |       |   |   | -             |   |   |        | -         |   |                      |   | (6,673 | )           |   |   | -          |   |   |   | - |   |   |   | (6,673 | ) |
| Balance                at June 30, 2007 (Unaudited)    |   |                         | 731,521 |   |     | $      | 7,315  |       |   | $      | (270          | )      |   | $           | 1,953,614 |   |                      | $      | 11,931 |        |   | $      | (1,305,454 | )      |   | $ | (961,230 | ) |   | $ | (294,094 | ) |

----

***Table          of Contents***

SYNTHENOL      INC.

| Note                1 | Basis                of Presentation |
|-----------------------|--------------------------------------|

| Note                2 | Nature                and Continuance of Operations |
|-----------------------|-----------------------------------------------------|

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***Table          of Contents***

SYNTHENOL        INC.

| Note                3 | Notes                Payable |
|-----------------------|------------------------------|

|   | a) | A                loan of $27,585 from Ubiquity Management Inc., controlled by a former                director of the Company, as of June 30, 2007 is unsecured, bears                interest                at 5% per annum and is due on                demand. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | A                promissory note of $30,974 as of June 30, 2007 (2006: $30,826) is                unsecured, bears interest at the Canadian prime rate (6% as of June                30,                2007) and due on demand. Interest accrued as of June 30, 2007 is                $2,909. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | On                April 6, 2006, the Company received $10,000 from Hokley Limited                (“Hokley”). The promissory note is unsecured and bears interest at 5% per                annum. Interest accrued as of June 30, 2007 is $618. The principal                and                accrued interest was payable by the Company on April 6, 2007. Prior                to the                note’s expiration, the repayment term was extended to December 31,                2007. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d) | On                July 31, 2006, the Company received $25,000 from Hokley. The promissory                note is unsecured and bears interest at 5% per annum. Interest accrued                as                of June 30, 2007 is $1,147. The principal and accrued interest was                payable                by the Company on July 31, 2007. Prior to the note’s expiration, the                repayment term was extended to December 31,                2007. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e) | On                December 15, 2006, the Company received $15,000 from Hokley. The                promissory note is unsecured and bears interest at 5% per annum.                Interest                accrued as of June 30, 2007 is $372. The principal and accrued interest                is                payable by the Company on December 15,                2007. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f) | On                February 26, 2007, the Company received $35,000 from Hokley. The                promissory note is unsecured and bears interest at 5% per annum.                Interest                accrued as of June 30, 2007 is $599. The principal and accrued interest                is                payable by the Company on February 26,                2008. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g) | On                May 18, 2007, the Company received $30,000 from Hokley. The promissory                note is unsecured and bears interest at 5% per annum. Interest accrued                as                of June 30, 2007 is $181. The principal and accrued interest is payable                by                the Company on May 18, 2008. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note                4 | Related                Party Transactions |
|-----------------------|-------------------------------------------|

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***Table          of Contents***

SYNTHENOL            INC.

| Note                5 | Capital                Stock |
|-----------------------|------------------------------|

| Note                6 | Subsequent                Event |
|-----------------------|---------------------------------|

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***Table          of Contents***

| **Item                2.** | **MANAGEMENTS’                DISCUSSION AND ANALYSIS OR PLANS OF                OPERATIONS** |
|----------------------------|-----------------------------------------------------------------------------------------------------|

**OVERVIEW**

**CRITICAL      ACCOUNTING POLICIES AND ESTIMATES**

**RESULTS      OF CONTINUING OPERATIONS**

**Six      months ended June 30, 2007 compared to six months ended June 30,      2006**

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***Table          of Contents***

**Financial      Condition and Liquidity**

| **Item                3.** | **CONTROLS                AND PROCEDURES** |
|----------------------------|--------------------------------------------|

**PART      II--OTHER INFORMATION**

**Item      1. Legal Proceedings**

**Item      2. Changes in Securities**

**Item      3. Defaults upon Senior Securities**

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

**Item      5. Other Information.**

**Item      6. Exhibits and Reports on Form 8-K**

| Exhibit                Number    |   | Description                                                                               |
|----------------------------------|--------|-------------------------------------------------------------------------------------------|
|                   2.1* |   | On                May 15, the Company filed 8K regarding a promissory                note |
| 31.1                             |   | 302                Certification for the Chief Executive Officer                          |
| 31.2                             |   | 302                Certification for the Chief Financial Officer                          |
| 32.1                             |   | 906                Certification for the Chief Executive Officer                          |
| 32.2                             |   | 906                Certification for the Chief Financial                Officer           |

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***Table          of Contents***

**SIGNATURES**

**SYNTHENOL      INC.**

| */s/                Cecil Morris*   |   | Date:                August 8, 2007 |
|-------------------------------------|--------|-------------------------------------|
| Cecil                Morris         |   |                                |
| Director,                President  |   |                                |
|                                |   |                                |
|                                |   |                                |
| */s/                John Page*      |   | Date:                August 8, 2007 |
| John                Page            |   |                                |
| Director                / Treasurer |   |                                |

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