U. S. Securities and Exchange Commission
                         Washington, D. C.  20549

                                FORM 10-QSB


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

     For the quarterly period ended June 30, 2005

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

     For the transition period from                to
                                    --------------    ---------------

                     Commission File No.  000-31377

                          REFLECT SCIENTIFIC, INC.
                          ------------------------
              (Name of Small Business Issuer in its Charter)

             UTAH                                      87-0642556
             ----                                      ----------
  (State or Other Jurisdiction of              (I.R.S. Employer I.D. No.)
 incorporation or organization)

                          970 Terra Bella Avenue
                     Mountain View, California, 94043
                     --------------------------------
                  (Address of Principal Executive Offices)

                 Issuer's Telephone Number:  (650) 960-0300
                                             --------------

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

(1)  Yes  X     No                 (2)  Yes  X    No
         ---     ---                        ---     ---

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

                              Not applicable.

                   APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the Registrant's classes
of common stock, as of the latest practicable date:

                               June 30, 2005

                                24,380,000
                                ----------

                      PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.
-------------------------------

          The Financial Statements of the Company required to be filed with
this 10-QSB Quarterly Report were prepared by management, and commence on the
following page, together with Related Notes.  In the opinion of management,
the Financial Statements fairly present the financial condition of the
Company.
<PAGE>
                    REFLECT SCIENTIFIC, INC.

                CONSOLIDATED FINANCIAL STATEMENTS

               June 30, 2005 and December 31, 2004
<PAGE>
                    REFLECT SCIENTIFIC, INC.
                   Consolidated Balance Sheets

                              ASSETS

                                               June 30,        December 31,
                                                2005                2004
                                             (Unaudited)
CURRENT ASSETS

     Cash                                     $   691,192      $    80,739
     Accounts receivable, net                     347,291          281,173
     Inventory, net                               300,956          260,012
     Prepaid expenses                                 800              800
                                              -----------      -----------
          Total Current Assets                  1,340,239          622,724
                                              -----------      -----------
FIXED ASSETS (NET)                                 22,599           24,249
                                              -----------      -----------
OTHER ASSETS

     Deposits                                       5,350            5,350
     Capitalized loan costs, net                    5,075            5,600
                                              -----------      -----------
          Total Other Assets                       10,425           10,950
                                              -----------      -----------
          TOTAL ASSETS                        $ 1,373,263      $   657,923
                                              ===========      ===========

The accompanying notes are an integral part of these consolidated financial
statements.
                                2
<PAGE>
                    REFLECT SCIENTIFIC, INC.
             Consolidated Balance Sheets (Continued)


               LIABILITIES AND SHAREHOLDERS' EQUITY

                                                June 30,        December 31,
                                                2005                2004
                                             (Unaudited)
CURRENT LIABILITIES

     Accounts payable                         $    157,694     $    131,610
     Accrued expenses                               15,357           23,955
     Income taxes payable                           30,705           30,705
                                              ------------     ------------
          Total Current Liabilities                203,756          186,270
                                              ------------     ------------
NON-CURRENT LIABILITIES

     Long term line of credit                      269,011          269,036
     Deferred income taxes                          39,000           39,000
                                              ------------     ------------
          Total Non-Current Liabilities            308,011          308,036
                                              ------------     ------------
          Total Liabilities                        511,767          494,306
                                              ------------     ------------
COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' EQUITY

     Preferred stock, $0.01 par value,
     authorized 5,000,000 shares, 700,000
     shares issued and outstanding                   7,000                -
     Common stock, $0.01 par value, authorized
     50,000,000 shares; 24,380,000 shares
     issued and outstanding                        243,800          240,000
     Additional paid-in capital (deficit)          514,937         (183,319)
     Retained earnings                              95,759          106,936
                                             -------------     ------------
          Total Shareholders' Equity               861,496          163,617
                                             -------------     ------------
          TOTAL LIABILITIES AND SHAREHOLDERS'
          EQUITY                             $   1,373,263     $    657,923
                                             =============     ============

The accompanying notes are an integral part of these consolidated financial
statements.
                                3
<PAGE>
                    REFLECT SCIENTIFIC, INC.
              Consolidated Statements of Operations
                           (Unaudited)


                          For the Three Months Ended  For the Six Months Ended
                                   June 30,                   June 30,
                           2005                2004     2005            2004

REVENUES                    $ 547,349     $ 581,656   $ 1,054,741 $1,081,707

COST OF GOODS SOLD            282,735       332,912       593,842    644,035
                             --------     ---------   ----------- ----------
GROSS PROFIT                  264,614       248,744       460,899    437,672
                             --------     ---------   ----------- ----------
OPERATING EXPENSES

     Salaries and wages        91,239        86,848       161,347    176,182
     Payroll taxes              6,115         6,639        13,613     15,431
     Rent expense              19,448        18,999        38,307     38,058
     General and
      administrative expense  145,160        67,638       250,430    138,168
                             --------     ---------   ----------- ----------
   Total Operating Expenses   261,962       180,124       463,697    367,839
                             --------     ---------   ----------- ----------
OPERATING INCOME                2,652        68,620        (2,798)    69,833
                             --------     ---------   ----------- ----------
OTHER INCOME (EXPENSE)

     Sundry income                  -         5,000             -      5,000
     Miscellaneous income
      (expense)                     -             -             -       (301)
     Interest expense          (4,264)       (2,851)       (8,378)    (5,707)
                             --------     ---------   ----------- ----------
          Total Other Income
          (Expense)            (4,264)        2,149        (8,378)    (1,008)
                             --------     ---------   ----------- ----------
NET INCOME BEFORE INCOME TAX   (1,612)       70,769       (11,176)    68,825
                             --------     ---------   ----------- ----------
INCOME TAX EXPENSE                  -        13,200             -     13,200

NET INCOME                   $ (1,612)    $  57,569   $   (11,176)$   55,625
                             ========     =========   =========== ==========
Preferred distribution,
dividends                    (444,633)            -      (591,946)         -

NET LOSS PER SHARE APPLICABLE
TO COMMON SHAREHOLDERS      $(446,245)    $  57,569   $  (603,122)$   55,625
                            =========     =========   =========== ==========
EARNINGS PER SHARE          $   (0.02)    $    0.00   $     (0.03)$     0.00
                             ========     =========   =========== ==========
WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING           24,229,670  24,000,000    24,115,470 24,000,000
                             ==========  ==========   =========== ==========

The accompanying notes are an integral part of these consolidated financial
statements.
                                4
<PAGE>
                    REFLECT SCIENTIFIC, INC.
         Consolidated Statements of Shareholders' Equity


                                                        Additional
                      Common Stock     Preferred Stock   Paid-in    Retained
                    Shares      Amount  Shares  Amount   Capital    Earnings
Balance, December
31, 2002           22,914,949    10,000       -       -          -    161,637

Dividend                    -         -       -       -          -   (156,000)

Contributed Capital         -         -       -       -     26,950          -

Recapitalization
(Note 2)            1,085,051   230,000       -       -   (237,791)         -

Net income for the
year ended
December 31, 2003           -         -       -       -          -     58,672
                   ----------  -------- -------  ------  --------- ----------
Balance, December
31, 2003           24,000,000   240,000       -       -   (210,841)    64,309

Contributed capital         -         -       -       -     27,522          -

Net income for the
year ended December
31, 2004                    -         -       -       -          -     42,627
                   ----------  -------- -------  ------  ---------  ---------
Balance,
December 31, 2004  24,000,000   240,000       -       -   (183,319)   106,936

Preferred stock
issued for cash
(unaudited)                 -         - 436,000   4,360    431,640          -

Preferred stock
issued for cash
(unaudited)                 -         - 264,000   2,640    261,360          -

Common stock
issued for services
(unaudited)           380,000     3,800       -       -      5,256          -

Net income for the
six months ended
June 30, 2005
(unaudited)                 -         -       -       -          -    (11,176)
                   ----------  -------- -------  ------  --------- ----------
Balances,
June 30, 2005
(unaudited)        24,380,000  $243,800 700,000  $7,000  $ 514,937 $   95,760
                   ==========  ======== =======  ======  ========= ==========

The accompanying notes are an integral part of these consolidated financial
statements.
                                5
<PAGE>
                    REFLECT SCIENTIFIC, INC.
              Consolidated Statements of Cash Flows
                           (Unaudited)

                                        For the Six Months Ended
                                               June 30,
                                          2005                2004
CASH FLOWS FROM OPERATING ACTIVITIES

     Net income (loss)                    $   (11,176)    $    55,625
     Adjustments to reconcile net income
      to net cash provided by operating
      activities:
          Depreciation                          1,650             350
          Amortization of capitalized loan
          costs                                   525           1,085
          Common stock issued for services      9,056               -
     Changes in operating assets and
     liabilities:
         (Increase) in accounts receivable    (66,118)       (136,947)
         (Increase) decrease in inventory     (40,944)         17,305
          (Increase) decrease in accounts
          payable and accrued expenses         17,485         (15,959)
          Increase in income taxes payable          -          13,200
                                           ----------     -----------
               Net Cash Used by Operating
               Activities                     (89,522)        (65,341)

CASH FLOWS FROM INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

     Change in long term line of credit           (25)            (25)
     Contributed capital                            -          22,522
     Proceeds from stock issuance             700,000               -
                                           ----------     -----------
               Net Cash (Used) Provided by
               Financing Activities           699,975          22,497
                                           ----------     -----------
NET INCREASE (DECREASE) IN CASH               610,453         (42,844)

CASH AT BEGINNING OF PERIOD                    80,739          99,924
                                           ----------     -----------
CASH AT END OF PERIOD                      $  691,192     $    57,080
                                           ==========     ===========

NON-CASH INVESTING AND FINANCING ACTIVITIES:

     Cash Paid For:

          Interest                         $    8,378     $     4,729
          Income taxes                     $        -     $         -


The accompanying notes are an integral part of these consolidated financial
statements.
                                6
<PAGE>
                    REFLECT SCIENTIFIC, INC.
          Notes to the Consolidated Financial Statements
               June 30, 2005 and December 31, 2004

NOTE 1 -  BASIS OF FINANCIAL STATEMENT PRESENTATION

     The accompanying unaudited condensed financial statements have been
     prepared by the Company pursuant to accounting principles generally
     accepted in the United States of America. Certain information and
     footnote disclosures normally included in financial statements prepared
     in accordance with accounting principles generally accepted in the
     United States of America have been condensed or omitted in accordance
     with such rules and regulations.  The information furnished in the
     interim condensed financial statements include normal recurring
     adjustments and reflects all adjustments, which, in the opinion of
     management, are necessary for a fair presentation of such financial
     statements.  Although management believes the disclosures and
     information presented are adequate to make the information not
     misleading, it is suggested that these interim condensed financial
     statements be read in conjunction with the Company's most recent audited
     financial statements and notes thereto included in its December 31, 2004
     financial statements.  Operating results for the six months ended June
     30, 2005 are not necessarily indicative of the results that may be
     expected for the year ending December 31, 2005.

NOTE 2 -  ACQUISITION OF REFLECT SCIENTIFIC

     On December 30, 2003, pursuant to an agreement and plan of
     reorganization, the Company completed a reverse merger with the
     shareholder of Reflect Scientific, Inc. in which it acquired 100% of
     Reflect Scientific, Inc., a California Company in exchange for
     22,914,949 common shares of the Company.  The terms of the acquisition
     are detailed in an 8-K filing dated December 31, 2003.  Under the terms
     of the agreement, the President of Reflect Scientific, Inc. became the
     President of the Company and was elected to the Board of Directors, the
     acquisition was accounted for as a recapitalization of Reflect
     Scientific, Inc. because the members of Reflect Scientific, Inc.
     controlled the Company after the acquisition.  Reflect Scientific, Inc.
     was treated as the acquiring entity for accounting purposes and Cole,
     Inc. was the surviving entity for legal purposes.  There was no
     adjustment to the carrying values of the assets or liabilities of
     Reflect Scientific, Inc. and no goodwill was recorded.


NOTE 3   EQUITY TRANSACTIONS

     Dividends

     The holders of the Series A Preferred Stock are entitled to dividends at
     the rate of 8 percent per year of the liquidation preference of $1.00
     per share, payable annually, if and when declared by the board of
     directors. Dividends are not cumulative and the board of directors are
     under no obligation to declare dividends.

     Convertibility

     Upon the approval of the Board of Directors, Series A Preferred Stock
     may be convertible into the Company's common stock by dividing $1.00
     plus any unpaid dividends by 50% of the five day average closing bid
     price of the common shares.

     During the quarterly period, the Company sold 264,000 shares of Series A
     Convertible Preferred Stock in exchange for proceeds of $264,000,
     bringing sales of the Series A Convertible Preferred Stock for the six
     month period ended June 30, 2004, to 700,000 shares for aggregate gross
     proceeds of $700,000. As a result of the beneficial conversion feature
     inherent in the conversion rights and preferences of Series A Preferred
     Stock, the Company has recognized a deemed dividend of $700,000. This
     deemed dividend was calculated based on the conversion price above at the
     time of conversion. Because the Company does not have sufficient retained
     earnings, dividends were recorded in additional paid-in-capital and have
     a net affect of zero in that account and is therefore not presented on
     the statement of shareholders' equity as a separate item. This

                                7
<PAGE>
                   REFLECT SCIENTIFIC, INC.
         Notes to the Consolidated Financial Statements
              June 30, 2005 and December 31, 2004

NOTE 3   EQUITY TRANSACTIONS (continued)

     beneficial conversion feature was recorded to additional paid in capital
     and will be recorded as a deemed dividend to preferred shareholders
     (accretion) over the period to the instruments earliest conversion date.
     This conversion date has been determined to be July 19, 2005.

                                8
<PAGE>


Item 2.   Management's Discussion and Analysis or Plan of Operation.
--------------------------------------------------------------------

Results of Operations.
----------------------

          Our revenues decreased during the quarter ended June 30, 2005, to
$547,349, from $581,656 for the quarter ended June 30, 2004, primarily as
a result of softening sales in the second quarter due to general market
conditions across several product lines.

          Our cost of goods decreased in the quarter ended June 30, 2005, as
compared to June 30, 2004, to $282,735 from $332,912.

          General and administrative expenses increased to $145,160 during the
quarter ended June 30, 2005, from $67,638 during the quarter ended June 30,
2004.  This increase was due to the addition of one full-time employee,
increased payroll and increased operational expenses, like legal and
accounting fees.

          Our revenues decreased during the six months ended June 30, 2005, to
$1,054,741, from $1,081,707 for the six months ended June 30, 2004, again
primarily as a result of softening sales in the 2nd quarter due to general
market conditions across several product lines.

          Our cost of goods decreased in the six months ending June 30, 2005,
as compared to June 30, 2004, to $593,842 from $644,035.

          General and administrative expenses increased to $250,430 during the
six months ended June 30, 2005, from $138,168 during the six months ended June
30, 2004.  This increase was due to the addition of one full-time employee,
increased payroll and increased operational expenses, including legal and
accounting fees like those reported in the first quarter ended March 31, 2005.

     Liquidity and Capital Resources.
     --------------------------------

          Our cash resources at June 30, 2005, were $691,192, with accounts
receivable of $347,291.  We have relied on revenues and lines of credit for
our cash resources; and have received gross proceeds of $700,000 during the
first six months of 2005 from the sale of Series A Convertible Preferred Stock
at $1.00 per share.  At June 30, 2005, we had utilized $269,011 of our
$400,000 line of credit.  These funds should be adequate for the next 12
months for continuing operations; however, plans for expansion will require
additional capital of between $500,000 and $750,000.

     Forward-Looking Statements.
     ---------------------------

         The Private Securities Litigation Reform Act of 1995 (the "Act")
provides a safe harbor for forward-looking statements made by or on behalf of
our Company.  Our Company and its representatives may from time to time make
written or oral statements that are "forward- looking," including statements
contained in this Quarterly Report and other filings with the Securities and
Exchange Commission and in reports to our Company's stockholders. Management
believes that all statements that express expectations and projections with
respect to future matters, as well as from developments beyond our Company's
control including changes in global economic conditions are forward-looking
statements within the meaning of the Act. These statements are made on the
basis of management's views and assumptions, as of the time the statements are
made, regarding future events and business performance. There can be no
assurance, however, that management's expectations will necessarily come to
pass.  Factors that may affect forward- looking statements include a wide
range of factors that could materially affect future developments and
performance, including the following:

         Changes in Company-wide strategies, which may result in changes in
the types or mix of businesses in which our Company is involved or chooses to
invest; changes in U.S., global or regional economic conditions, changes in
U.S. and global financial and equity markets, including significant interest
rate fluctuations, which may impede our Company's access to, or increase the
cost of, external financing for our operations and investments; increased
competitive pressures, both domestically and internationally, legal and
regulatory developments, such as regulatory actions affecting environmental
activities, the imposition by foreign countries of trade restrictions and
changes in international tax laws or currency controls; adverse weather
conditions or natural disasters, such as hurricanes and earthquakes, labor
disputes, which may lead to increased costs or disruption of operations.

         This list of factors that may affect future performance and the
accuracy of forward-looking statements is illustrative, but by no means
exhaustive.  Accordingly, all forward-looking statements should be evaluated
with the understanding of their inherent uncertainty.

Item 3. Controls and Procedures.
--------------------------------

          As of the end of the period covered by this Quarterly Report, we
carried out an evaluation, under the supervision and with the participation of
our President and Treasurer, of the effectiveness of our disclosure controls
and procedures.  Based on this evaluation, our President and Treasurer
concluded that our disclosure controls and procedures are effectively designed
to ensure that information required to be disclosed or filed by us is
recorded, processed or summarized, within the time periods specified in the
rules and regulations of the Securities and Exchange Commission.  It should be
noted that the design of any system of controls is based in part upon certain
assumptions about the likelihood of future events, and there can be no
assurance that any design will succeed in achieving its stated goals under all
potential future conditions, regardless of how remote.  In addition, we
reviewed our internal controls over financial reporting, and there have been
no changes in our internal controls or in other factors in the last fiscal
quarter that has materially affected or is reasonably likely to materially
affect our internal control over financial reporting.

                        PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.
----------------------------

          None; not applicable.

Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds.
----------------------------------------------------------------------

          2004 Convertible Preferred Stock.
          ---------------------------------

          As of the quarter ended June 30, 2005, we sold 700,000 shares of
our 2004 Series A Convertible Preferred Stock at an offering price of $1.00
per share to 26 persons who were "accredited investors" as that term in
defined in Regulation D of the Securities and Exchange Commission.

          We issued all of these securities to persons who were either
"accredited investors," or "sophisticated investors" who, by reason of
education, business acumen, experience or other factors, were fully capable of
evaluating the risks and merits of an investment in our company; and each had
prior access to all material information about us.  We believe that the offer
and sale of these securities were exempt from the registration requirements of
the Securities Act, pursuant to Sections 4(2) and 4(6) thereof, and Rule 506
of Regulation D of the Securities and Exchange Commission and from various
similar state exemptions.  See Note 3 of our consolidated financial statements
that accompany this Quarterly Report, in Part I, Item 1, above.

          We also issued 380,000 shares of common stock for services during
the quarter ended June 30, 2005, valued at $.0238 per share or $9,056.00.

Item 3.   Defaults Upon Senior Securities.
------------------------------------------

          None; not applicable.

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

          None; not applicable.

Item 5.   Other Information.
----------------------------

          None; not applicable.

Item 6.   Exhibits.
-------------------

          Exhibits.

               31.1   302 Certification of Kim Boyce

               31.2   302 Certification of Kevin Cooksy

               32     906 Certification.

                               SIGNATURES

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

                                          REFLECT SCIENTIFIC, INC.

Date: 8/10/05                             /s/Kim Boyce
                                          ------------------------------------
                                          Kim Boyce, President

Date: 8/10/05                             /s/Tom Tait
                                          ------------------------------------
                                          Tom Tait, Vice President


Date: 8/10/05                             /s/Kevin Cooksy
                                          ------------------------------------
                                          Kevin Cooksy, Secretary/Treasurer
<PAGE>