<PAGE>

                                  UNITED STATES
                       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: December 31, 2004

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

           For the transition period from ____________ to ____________

                        Commission file number: 000-32249

                               ARMOR ELECTRIC INC.
        (Exact name of small business issuer as specified in its charter)

             Florida                                      65-0853784
(State or other jurisdiction of                (IRS Employee Identification No.)
 incorporation or organization)

             201 Lomas Santa Fe, Suite #420, Solana Beach, CA 92075
                    (Address of principal executive offices)

                                 (858) 720-0123
                           (Issuer's telephone number)

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

    Common Stock, $0.001 par value                     35,427,133
               (Class)                    (Outstanding as of February 9, 2005)

Transitional Small Business Disclosure Format (Check one):  Yes [ ]  No [X]



<PAGE>

                               ARMOR ELECTRIC INC.
                                   FORM 10-QSB
                                      INDEX


                                                                            Page
                                                                            ----
Part I - FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)

         Condensed  Balance Sheets December 31, 2004 (unaudited)
         and June 30, 2004 .................................................F-1

         Unaudited Condensed  Statements of Operations for the
         three months ended December 31, 2004 and 2003......................F-2

         Unaudited Condensed  Statements of Cash Flows for the
         six months ended December 31, 2004 and 2003........................F-3

         Consolidated Statement of Stockholders' equity for the period from
         June 5, 1998 (Inception) to December 31, 2004 (unaudited)..........F-4

         Notes to Financial Statements (unaudited)..........................F-5

Item 2.  Management's Discussion and Analysis or Plan of Operation............3
Item 3.  Controls and Procedures..............................................5

Part II  OTHER INFORMATION

Item 1.  Legal Proceedings....................................................5

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds..........5

Item 3.  Defaults upon Senior Securities......................................5

Item 4.  Submission of Matters to a Vote of Security Holders..................5

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

Item 6.  Exhibits and Reports on Form 8-K.....................................5

Signatures....................................................................6



<PAGE>
<TABLE>

                                    PART I: FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS (UNAUDITED)


                                        ARMOR ELECTRIC, INC.
                                    (A Development Stage Company)
                                      CONDENSED BALANCE SHEETS

                                                                      DECEMBER 31,     JUNE 30,
                                                                         2004           2004
                                                                       ---------      ---------
                                              ASSETS                  (unaudited)
                                              ------
<S>                                                                    <C>            <C>
CURRENT ASSETS
  Funds held in trust by related party                                 $    553       $    553
                                                                       ---------      ---------

                 Total Current Assets                                       553            553

Deferred charge                                                              --             --
                                                                       ---------      ---------

                                                                       $    553       $    553
                                                                       =========      =========


                                LIABILITIES AND STOCKHOLDERS' EQUITY
                                ------------------------------------

CURRENT LIABILITIES
     ACCOUNTS PAYABLE                                                  $  3,025       $    527
     Accounts payable-related parties                                    15,868         15,867
     Accrued payroll                                                     17,625         11,000
                                                                       ---------      ---------

                 Total Current Liabilities                               36,518         27,394
                                                                       ---------      ---------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)
    Preferred stock, par value $.001, 10,000,000 shares
          authorized, none issued

     Common stock, par value $.001, 100,000,000 shares
          authorized,34,717,333 issued and outstanding                   34,717         34,717
     Paid-in capital                                                     13,103          6,873
    (Deficit) accumulated during development stage                      (83,785)       (68,431)
                                                                       ---------      ---------

                 Total Stockholders' Equity (Deficit)                   (35,965)       (26,841)
                                                                       ---------      ---------

                                                                       $    553       $    553
                                                                       =========      =========
</TABLE>

                           SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS

                                                F-1


<PAGE>
<TABLE>

                                                       ARMOR ELECTRIC, INC.
                                                   (A Development Stage Company)
                                                     STATEMENTS OF OPERATIONS
                                                            (UNAUDITED)


                                                                                                         CUMMULATIVE
                                            THREE MONTHS ENDED             SIX MONTHS ENDED                 FROM
                                                DECEMBER 31,                  DECEMBER 31,               JUNE 5, 1998
                                      ------------------------------  -----------------------------     (INCEPTION) TO
                                          2004            2003            2004            2003         DECEMBER 31, 2004
                                      -------------   -------------  --------------   -------------   -------------------
<S>                                   <C>             <C>            <C>              <C>             <C>
REVENUE                               $          -    $          -   $           -    $          -    $                -

EXPENSES:
      General and administrative           (38,385)          2,575          15,354           3,571                83,785
                                      -------------   -------------  --------------   -------------   -------------------

          Total Expenses                   (38,385)          2,575          15,354           3,571                83,785
                                      -------------   -------------  --------------   -------------   -------------------

NET INCOME (LOSS)                     $     38,385    $     (2,575)  $     (15,354)   $     (3,571)   $          (83,785)
                                      =============   =============  ==============   =============   ===================


NET (LOSS) PER COMMON SHARE-BASIC           *              *               *               *
                                      =============   =============  ==============   =============

WEIGHTED AVERAGE NUMBER OF
   COMMON SHARES OUTSTANDING            35,052,000      13,717,333      35,052,000      13,717,333
                                      =============   =============  ==============   =============


* less than $.01 per share

                                           SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
</TABLE>
                                                               F-2


<PAGE>
<TABLE>

                                                       ARMOR ELECTRIC, INC.
                                                   (A DEVELOPMENT STAGE COMPANY)
                                                     STATEMENTS OF CASH FLOWS
                                                            (UNAUDITED)


                                                                                                     CUMMULATIVE
                                                                      SIX MONTHS ENDED                   FROM
                                                                        DECEMBER 31,                 JUNE 5, 1998
                                                                -----------------------------       (INCEPTION) TO
                                                                    2004           2003           DECEMBER 31, 2004
                                                                ------------   --------------   ---------------------
<S>                                                             <C>            <C>              <C>
 OPERATING ACTIVITIES:
      Net  (loss) from operations                               $   (15,354)   $      (3,571)   $            (83,785)
      Contributions to capital                                        6,230              600                  11,030
      Capital issued for services                                                                             15,010
      Adjustments to reconcile net (loss) to net
         cash used by operating activities:
           Changes in:
                Trust funds                                               -            4,861                    (553)
                Accounts payable                                      2,499                                    3,026
                Accrued payroll                                       6,625            1,250                  17,625
                                                                ------------   --------------   ---------------------

           Net Cash provided (Used) by Operating Activities               -            3,140                 (37,647)
                                                                ------------   --------------   ---------------------

 FINANCING ACTIVITIES:
       Proceeds from sale of common stock                                                                     15,240
       Shareholder advances                                               -                -                  22,407
                                                                ------------   --------------   ---------------------

           Net Cash provided by Financing Activities                      -                -                  37,647
                                                                ------------   --------------   ---------------------

NET INCREASE IN CASH                                                      -            3,140                       0

CASH, beginning of period                                                 -                -                       -
                                                                ------------   --------------   ---------------------

CASH, end of period                                             $         -    $       3,140    $                  0
                                                                ============   ==============   =====================

SUPPLEMENTAL CASH FLOWS INFORMATION

  Common stock issued in exchange for
    shareholder loan                                                                            $              6,540
                                                                                                =====================


                                          SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
</TABLE>

                                                               F-3


<PAGE>
<TABLE>

                                                       ARMOR ELECTRIC, INC.
                                                   (A DEVELOPMENT STAGE COMPANY)
                                           STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)



                                                                                                   (DEFICIT)
                                                                                                  ACCUMULATED
                                                        COMMON STOCK                               DURING THE
                                                ------------------------------      PAID-IN       DEVELOPMENT
                                                    SHARES            AMOUNT        CAPITAL          STAGE               TOTAL
                                                ------------------------------   ------------   ----------------    ---------------
<S>                                                 <C>            <C>           <C>            <C>                 <C>
Balances, inception                                           -    $        -    $         -    $             -     $            -
(UNAUDITED)
  Shares issued January 10, 1998, for services
   at $.001 per share                                10,500,000        10,500         (5,250)                                5,250
  Net (loss) for the year                                                                                (5,250)            (5,250)
                                                ----------------   -----------   ------------   ----------------    ---------------

BALANCES, JUNE 30, 1998 (UNAUDITED)                  10,500,000        10,500         (5,250)            (5,250)                 -
  Shares issued August 31, 1998, for cash
   at $.001 per share                                    42,000            42            168                                   210
  Shares issued August 31, 1998, for services
   at $.001 per share                                 1,952,000         1,952          7,808                                 9,760
  Shares issued September 30,1998, for cash
   at $.001 per share                                     2,000             2              8                                    10
  Shares issued October 12,1998,  for cash
   at $.001 per share                                     4,000             4             16                                    20
  Net( loss) for the year                                                                               (10,000)           (10,000)
                                                ----------------   -----------   ------------   ----------------    ---------------

BALANCES, JUNE 30, 1999 (UNAUDITED)                  12,500,000        12,500          2,750            (15,250)                 -
  Shares issued February 8, 2000 for cash
   at $.001 per share                                   150,000           150         14,850                                15,000
  Net (loss) for the year                                                                                (5,275)            (5,275)
                                                ----------------   -----------   ------------   ----------------    ---------------

BALANCES, JUNE 30, 2000 (UNAUDITED)                  12,650,000        12,650         17,600            (20,525)             9,725
(AUDITED)
  Contributed capital-office overhead                                                  1,200                                 1,200
  Net (loss) for the year                                                                               (14,155)           (14,155)
                                                ----------------   -----------   ------------   ----------------    ---------------

BALANCES, JUNE 30, 2001                              12,650,000        12,650         18,800            (34,680)            (3,230)
  Contributed capital-office overhead                                                  1,200                                 1,200
  Net (loss) for the year                                                                                (4,272)            (4,272)
                                                ----------------   -----------   ------------   ----------------    ---------------

BALANCES, JUNE 30, 2002                              12,650,000        12,650         20,000            (38,952)            (6,302)
  Contributed capital-office overhead                                                  1,200                                 1,200
  Shares issued December 18, 2002 @ $.001
    per share for shareholder loan                    1,067,333         1,067          5,473                                 6,540
  Net (loss) for the year                                                                               (11,110)           (11,110)
                                                ----------------   -----------   ------------   ----------------    ---------------

BALANCES, JUNE 30, 2003                              13,717,333        13,717         26,673            (50,062)            (9,672)
  Contributed capital-office overhead                                                  1,200                                 1,200
  Shares issued April 27, 2004 @ $.001
   per share to acquire marketing rights             21,000,000        21,000        (21,000)                                    -
  Net (loss) for the year                                                                               (18,369)           (18,369)
                                                ----------------   -----------   ------------   ----------------    ---------------

BALANCES, JUNE 30, 2004                              34,717,333        34,717          6,873            (68,431)           (26,841)
(UNAUDITED)
  Contributed capital-operating expenses                                               6,230                                 6,230
  Shares issued August 2, 2004 @ $.23
   for marketing services                               502,000           502        114,958                               115,460
  Cancelation of shares isued for marketing
  services December 17, 2004                           (502,000)         (502)      (114,958)                             (115,460)
  Net (loss) for six months                                                                             (15,354)           (15,354)
                                                ----------------   -----------   ------------   ----------------    ---------------

BALANCES, DECEMBER 31, 2004 (UNAUDITED)              34,717,333    $   34,717    $    13,103    $       (83,785)    $      (35,965)
                                                ================   ===========   ============   ================    ===============

                                          SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
</TABLE>

                                                               F-4


<PAGE>


                              ARMOR ELECTRIC, INC.

Notes to Financial Statements (unaudited)

Note 1. BASIS OF PRESENTATION

In the opinion of management, the accompanying unaudited condensed financial
statements have been prepared in accordance with generally accepted accounting
principles for interim financial information and with the instructions to Form
10-QSB. Accordingly, they do not include all of the information and footnotes
required by generally accepted accounting principles for complete financial
statements. In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary for a fair presentation of the
Company's financial position as of December 31, 2004 and the results of its
operations for the three and six months ended December 31, 2004 and 2003 and
cash flows for the six months ended December 31, 2004 and 2003 have been made.
Operating results for the six months ended December 31, 2004 are not necessarily
indicative of the results that may be expected for the year ended June 30, 2005.

These condensed financial statements should be read in conjunction with the
financial statements and notes thereto contained in the Company's Form 10-KSB
for the year ended June 30, 2004.

Note 2. COMMON STOCK

On August 2, 2004 the Company issued 502,000 restricted shares of common stock
for marketing services at $.23 per share for a total of $115,460. These services
are being performed over a 5 month period ending December 31, 2004, accordingly,
$46,184 was included in expense during the current quarter, and the balance as a
deferred charge as of September 30, 2004.

On December 17, 2004, the above shares were cancelled due to non performance of
the underlying services, accordingly, this transaction resulted in the reversal
of all amounts previously recorded for compensation deferred and expensed.

Note 3. STOCK AND STOCK OPTION PLANS

During January 2005 the Company's Board of Directors approved the 2005 Incentive
Stock Option Plan and the 2005 Stock Plan.

2005 Incentive Stock Option Plan

This plan was established for employees, consultants, directors, and other
persons associated with the Company. It may be either incentive stock options,
non-qualified stock options, stock awards, restricted shares or cash awards as
determined by the Board of Directors. A maximum of 5 million shares are
authorized for issuance.

Options are not transferable, will be assigned a price at which the underlying
shares may be purchased when granted, will be assigned a vesting period as
predetermined in the plan for each type of person to whom and when granted, and
will expire 5 years from date of grant or less, depending on the term of office
or engagement.

                                      F-5


<PAGE>

For Federal income tax purposes, no income tax is applicable to the granting of
incentive stock options or their exercise, provided the exercised shares are
held for a requisite period of time after the date of issuance. Alternative
minimum tax may apply at the time of exercise, however. The Company is not
required to withhold income or other taxes upon the exercise of these options.

As provided for in Financial Accounting Standards Board opinion No. 123R
effective for small business issuers-as of the beginning of the first interim
period that begins after December 15, 2005, all such companies that used the
fair-value-based method for either recognition or disclosure under Statement 123
will apply this statement using a modified version of prospective application.
Under the transition method, compensation cost is recognized on or after the
required effective date for the portion of the outstanding awards for which the
requisite service has not yet been rendered, based on the grant-date fair value
of those awards calculated under Statement 123 for either recognition or pro
forma disclosures. This statement when effective, or earlier adopted, eliminates
the alternative use of APB 25, which used the intrinsic value method, and which
generally resulted in no compensation value when options were issued.

2005 Non-Qualified Stock Plan

The Board authorized up to 3 million shares of the Company's common stock for
issuance to certain persons. There are no restrictions on transferability. These
shares are not qualified under the Federal tax code and are, therefore, taxable
to the recipient and deductible by the Company when issued based on their fair
market value, provided there is no substantial risk of forfeiture. Income and
other taxes are to be withheld and/or paid by the Company at the time of
issuance, which also include employer wage related taxes.

Note 4. REGISTRATION STATEMENTS

The Company is in the process of filing on Form S-8, registration statements
with the Securities and Exchange Commission to register 5 million shares under
the 2005 Incentive Stock Option Plan and 3 million shares under the 2005
Non-Qualified Stock Plan.

                                      F-6


<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

The following discussion contains forward-looking statements that are subject to
significant risks and uncertainties. There are several important factors that
could cause actual results to differ materially from historical results and
percentages and results anticipated by the forward-looking statements. The
Company has sought to identify the most significant risks to its business, but
cannot predict whether or to what extent any of such risks may be realized nor
can there be any assurance that the Company has identified all possible risks
that might arise. Investors should carefully consider all of such risks before
making an investment decision with respect to the Company's stock.

Overview
--------

The Company is considered a development stage company in the business of
developing and marketing electronic propulsion and battery power systems for
electric powered vehicles. The costs and expenses associated with the
preparation and filing of this quarterly report and other operations of the
Company have been paid for by private placement financing and loans from
shareholders and officers of the Company.

Plan of Operation
-----------------

For the near term, the Company continues to seek merger and/or acquisition
candidates. It has had no operations since inception and is financially
dependent on its shareholders, who have financed its existence to date.
Management of the Company believes that its shareholders will continue to
provide the finances the Company requires, without the need to raise additional
capital.

The Company has been assigned the rights held by Nova Electric Systems Inc.,
(Nova) through an asset purchase agreement.

Through an agreement with NuPow'r LLC, Nova holds the rights for the use of
certain proprietary technology to install electric propulsion systems on a
variety of electric powered vehicles to include, but not limited to, mountain
bikes, regular cycles, children's cycle toys and riding vehicles, recreation ATV
units, scooters, motorcycles, go-karts, NEV (Neighborhood Electric Vehicle)
cars, race cars, regular passenger cars, buses and all other types of two and
three wheeled vehicles, water craft and in addition, a wide variety of other
vehicles and products.

Nova has also acquired the rights from Nu Age Electric Inc., to certain
agreements between Nu Age and the largest bicycle manufacturer in the world,
Hero Cycles in India, for the joint venture to manufacture and distribute many
of the electric powered two and three wheel vehicles in India and for
distribution from the Hero manufacturing facilities worldwide.

The Nova Business Plan details a number of electric powered vehicles built as
proto-type working models at the Las Vegas facility and it is the intent of Nova
to work closely with their strategic partner, NuPow'r LLC to continue to develop
a wide variety of commercially viable vehicles and products there.

Nova will also work closely with their other strategic partner, Nu Age Electric
Inc., who has developed the agreements with Hero Cycles for manufacturing and
sales capabilities but also with other additional sales distributorships for
these electric powered products in Brazil, Mexico, Chile, Germany, Italy, the
Caribbean, Canada, the USA and other locations.

In addition, Nova is currently in discussions with another potential strategic
partner, Turbine Electric Power Inc. who is developing a hydrogen gas burning
turbine generator which will provide continuous power to the lithium-ion
batteries used in all Nova electric powered vehicles. This turbine adaptation to
the Nova electric powered vehicles will preclude the necessity of having to plug
the vehicles in causing significant wasted recharge time.

                                       3


<PAGE>

The hydrogen used to power the turbine will be released from water on board the
vehicles under a very low psi (23 to 28 psi) and allow the driver to travel the
same distance as a gasoline engine powered vehicles but for a cost equivalent of
only $.27 per gallon of gasoline with no emissions, no spark plugs, no oil
changes, no filters, no tune-ups and no environmental damage. The capability as
to speed, torque and distance will be equivalent to a standard fossil fuel
burning vehicle.

Nova and Turbine Electric Power Inc. are also in discussions to develop, through
a joint venture, electric powered watercraft. Since the Nova lithium-ion battery
based electric propulsion system will be complimentary to the turbine technology
burning hydrogen as a fuel from water to power the batteries and the electric
motors, this joint project will be a significant compliment for each company and
an exceptional commercial venture for the partnership.

The turbine company also has rights to the newest high tech water pump for
greater water thrust power using less energy than any other water pump on the
market today thus giving greater capability to this joint venture for these
water products.

These silent running, and non polluting water craft can now be reintroduced back
to the large national park recreation lakes, rivers and coastal areas which are
currently being restricted on an increasing basis throughout the USA and
environmental conscious countries worldwide.

DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
----------------------------------------------

The Company has incurred operating losses since its inception related primarily
to development general administration costs. During the three months ended
December 31, 2004, the Company posted a loss of $38,385 compared to a loss of
$2.575 for the three months ended December 31, 2003.

The Company's main focus during the three months ended December 31, 2004 has
been continued development of the marketing rights acquired from Nova Electric
Systems Inc.

General & Administrative Expenses
---------------------------------

General and administrative expenses increased to $38,385 during the three months
ended December 31, 2004, compared to $2,575 for the three months ended December
31, 2003. The increase in 2004 is due to the beginning of increased operations
within the Company.

Liquidity And Capital Resources
-------------------------------

Since inception, the Company has financed its operations from private financing.
The company has suffered recurring losses from operations and has a working
capital deficiency of $35,965.07 (current assets less current liabilities).

Financing
---------

The Company's capital requirements have not been significant in the past but the
Company anticipates it will increase as development and product launch begins.

Cash requirements and need for additional funds
-----------------------------------------------

To date, the Company has invested approximately $21,000 paid in stock in
acquiring the marketing rights of its product.

In order to develop the Company's marketing strategy and launch its product, the
Company anticipates it will require approximately $100,000 in the coming year.

                                       4


<PAGE>

ITEM 3.  CONTROLS AND PROCEDURES

The registrant's Principal executive officers and principal financial officer,
based on their evaluation of the registrant's disclosure controls and procedures
(as defined in Rules 13a-14 (c) of the Securities Exchange Act of 1934) as of
December 31, 2004 have concluded that the registrants' disclosure controls and
procedures are adequate and effective to ensure that material information
relating to the registrants and their consolidated subsidiaries is recorded,
processed, summarized and reported within the time periods specified by the
SEC's rules and forms, particularly during the period in which this quarterly
report has been prepared.

The registrants' principal executive officers and principal financial officer
have concluded that there were no significant changes in the registrants'
internal controls or in other factors that could significantly affect these
controls subsequent to December 31, 2004 the date of their most recent
evaluation of such controls, and that there was no significant deficiencies or
material weaknesses in the registrant's internal controls.

                           PART II: OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

None

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

During the three months ended December 31, 2004, the Company did not issue any
unregistered securities but did cancel 502,000 restricted shares of common stock
for marketing services at $.23 per share for a total of $115,460. These shares
had been issued on August 2, 2004 for services to be performed over a five month
period. These shares were cancelled due to non performance of the services.
Accordingly, this transaction resulted in the reversal of all amounts previously
recorded for compensation deferred and expensed in the financial statements.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None

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

None

ITEM 5.  OTHER INFORMATION

None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits

         3.1.1(1) Articles of Incorporation dated June 5, 1998
         3.1.2(1) Articles of Amendment dated August 31, 1999
         3.1.3(2) Articles of Amendment dated June 4, 2004
         3.2(1)   Bylaws
         31.1     Section 302 Certification
         32.1     Section 906 Certification of CEO
         32.2     Section 906 Certification of CFO

------------------
(1)      Previously filed as an exhibit to the Company's Form 10-SB as filed on
         January 6, 2003

(2)      Previously filed as an exhibit to the Company's Form 10-KSB as filed on
         October 15, 2004

                                       5


<PAGE>

SIGNATURES

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

Date:  February 15, 2005                    ARMOR ELECTRIC INC.

                                            /s/ Merrill Moses
                                            -----------------------------
                                            Merrill Moses
                                            President



                                       6