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SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-QSB
 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2005
 Commission File # 0-33473
 MOLIRIS CORP.
  
 
 
 
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PART I  FINANCIAL INFORMATIONItem 1
 Financial StatementsItem 2
 Managements Discussion and Analysis or Results of OperationsItem 3
 Controls and ProceduresPART II  OTHER INFORMATIONItem 1
 Legal ProceedingsItem 2
 Unregistered Sales of Equity Securities and Use of ProceedsItem 3
 Defaults upon Senior SecuritiesItem 4
 Submission of Matters to a Vote of Security HoldersItem 5
 Other InformationItem 6
 Exhibits and Reports on Form 8-KSIGNATURESCertification by Principal Executive OfficerCertification by Principal Financial OfficerCertifications Pursuant to Section 906
 2




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Page No.Consolidated Balance Sheets at March 31, 2005 (unaudited) and
December 31, 2004
    
    
    4Statements of Operations for the three months ended
March 31, 2005 and 2004
    
    
    5Statements of Changes in Stockholders Deficit for the
three months ended March 31, 2005
    
    
    6Statements of Cash Flows for the three months ended
March 31, 2005 and 2004
    
    
    7Notes to Financial Statements
    
    
    8
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March 31,2005
    
    
December 31,2004(unaudited)ASSETSTOTAL ASSETS
    $
    
    
    $
    LIABILITIES AND STOCKHOLDERS DEFICITLIABILITIESAccounts payable
    $
448,188
    
    $
    454,080Notes payable in default

233,655
    
    
    233,655Guarantee of bank note payable in default

138,451
    
    
    138,451Accrued expenses

2,186,291
    
    
    2,155,530Due to related parties

222,305
    
    
    305,773Net liabilities of discontinued operations

494,368
    
    
    459,585Total current liabilities

3,723,258
    
    
    3,747,074STOCKHOLDERS DEFICITCommon stock, $0.001 par value, 50,000,000 shares authorized:9,700,000
issued and outstanding at March 31, 2005 and 2,347,000
issuedand
outstanding at December 31, 2004

9,700
    
    
    2,347Class B common stock, no par value, 1,000,000 shares authorized:none issued and outstanding

    

    

    Additional paid in capital

1,478,817
    
    
    1,404,552Accumulated deficit

(5,211,775
    )
    
    (5,153,973
    )TOTAL STOCKHOLDERS DEFICIT

(3,723,258
    )
    
    (3,747,074
    )TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT
    $

    
    $
    
  4




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Three Months EndedMarch 31,2005
    
    2004(Consolidated)REVENUES
    
    $
    
    
    
    $
    332,340COST OF SALES
    
    
    
    
    
    
    280,708GROSS PROFIT
    
    
    
    
    
    
    51,632OPERATING EXPENSES:Salaries, wages and commissions
    
    
    1,969
    
    
    
    68,313Selling, general and administrative
    
    
    10,614
    
    
    
    77,321Rent
    
    
    
    
    
    
    30,810Depreciation
    
    
    
    
    
    
    10,021TOTAL OPERATING EXPENSES
    
    
    12,583
    
    
    
    186,465LOSS BEFORE OTHER INCOME (EXPENSE)
    
    
    (12,583
    )
    
    
    (134,833
    )OTHER INCOME (EXPENSE):Interest expense
    
    
    (14,161
    )
    
    
    (3,306
    )Other income (expense)  net
    
    
    
    
    
    
    1,636TOTAL OTHER INCOME (EXPENSE)
    
    
    (14,161
    )
    
    
    (1,670
    )LOSS FROM CONTINUING OPERATIONS
    
    
    (26,744
    )
    
    
    (136,503
    )DISCONTINUED OPERATIONSOperating loss from Discontinued Operations
    
    
    (31,058
    )
    
    
    NET LOSS
    
    $
    (57,802
    )
    
    $
    (136,503
    )NET LOSS PER SHARE  BASIC AND DILUTEDContinuing Operations
    
    $
    (0.01
    )
    
    $
    (0.08
    )Discontinued Operations
    
    
    0.00
    
    
    
    $
    (0.01
    )
    
    $
    (0.08
    )WEIGHTED
AVERAGE NUMBER OF COMMON SHARES 
BASIC AND DILUTED
    
    
    4,185,650
    
    
    
    1,627,000
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MOLIRIS CORP.
 
 STATEMENT OF CHANGES IN STOCKHOLDERS DEFICIT
 THREE MONTHS ENDED MARCH 31, 2005
 Class BCommon Stock
    
    Common Stock
    
    Additional
    
    
    
    
    
    TotalShares
    
    
    
    
    
    Shares
    
    
    
    
    
    Paid In
    
    Accumulated
    
    StockholdersIssued
    
    Amount
    
    Issued
    
    Amount
    
    Capital
    
    Deficit
    
    DeficitBALANCE AT DECEMBER 31, 2004
    
    
    2,347,000
    
    
    $
    2,347
    
    
    
    
    
    
    $
    
    
    
    $
    1,404,552
    
    
    $
    (5,153,973
    )
    
    $
    (3,747,074
    )Shares issued for cash
    
    
    7,353,000
    
    
    
    7,353
    
    
    
    
    
    
    
    
    
    
    
    74,265
    
    
    
    
    
    
    
    81,618Net loss,
three months
ended March 31,2005
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (57,802
    )
    
    
    (57,802
    )BALANCE
ATMARCH 31, 2005
    
    
    9,700,000
    
    
    $
    9,700
    
    
    
    
    
    
    $
    
    
    
    $
    1,478,817
    
    
    $
    (5,211,775
    )
    
    $
    (3,723,258
    )
  6




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MOLIRIS CORP.
 
 STATEMENTS OF CASH FLOWS
 (Unaudited)
 Three Months EndedMarch 31,2005
    
    2004(Consolidated)CASH FLOWS FROM OPERATING ACTIVITIES:Net loss
    
    $
    (57,802
    )
    
    $
    (136,503
    )Adjustments to reconcile net loss to net cash provided by (used in)
operating activities:Depreciation
    
    
    
    
    
    
    10,021Changes in operating assets and liabilities:Decrease (increase) in accounts receivable
    
    
    
    
    
    
    (62,264
    )Decrease (increase) in inventory and other current assets
    
    
    
    
    
    
    (50,099
    )(Decrease) increase in accounts payable
    
    
    (5,892
    )
    
    
    170,586(Decrease) increase in accrued expenses and bank overdrafts
    
    
    30,761
    
    
    
    61,436(Decrease) increase in due to related party
    
    
    (83,468
    )
    
    
    12,284NET CASH PROVIDED (USED) BY CONTINUING OPERATING ACTIVITIES
    
    
    (116,401
    )
    
    
    5,461NET CASH PROVIDED BY DISCONTINUED OPERATIONS
    
    
    34,783
    
    
    
    NET CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES
    
    
    (81,618
    )
    
    
    5,461CASH FLOWS FROM INVESTING ACTIVITIESPurchase of property and equipment
    
    
    
    
    
    
    (36,441
    )NET CASH USED IN INVESTING ACTIVITIES
    
    
    
    
    
    
    (36,441
    )CASH FLOWS FROM FINANCING ACTIVITIESIssuance of common stock for cash
    
    
    81,618
    
    
    
    Capital contribution by majority owner
    
    
    
    
    
    
    1,000Principal repayment on short-term borrowings
    
    
    
    
    
    
    (3,279
    )Proceeds from long-term borrowings
    
    
    
    
    
    
    34,041Principal repayment on long-term borrowings
    
    
    
    
    
    
    (4,739
    )Repayments from factor financing, net
    
    
    
    
    
    
    (1,347
    )NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES
    
    
    81,618
    
    
    
    25,676NET INCREASE (DECREASE) IN CASH
    
    $
    
    
    
    $
    (5,304
    )CASH AT BEGINNING OF PERIOD
    
    
    
    
    
    
    6,415CASH AT END OF PERIOD
    
    $
    
    
    
    $
    1,111CASH INTEREST PAID
    
    $
    661
    
    
    $
    3,311
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MOLIRIS CORP.
 
 NOTES TO FINANCIAL STATEMENTS
 MARCH 31, 2005
 NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 Organization
    Principles of Consolidation
  Basis of Presentation
   Nature of Business
  Income Taxes
  8




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MOLIRIS CORP.
 NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2005
 NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
 Use of Estimates and Assumptions
  Accounts Receivable
   Inventories
  Equipment
  Impairment of Long-Lived Assets
  Fair Value of Financial Instruments
 
 (Continued)

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MOLIRIS CORP.
 NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2005
 NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
 Environmental Matters
  Revenue Recognition
  Loss per Common Share
  Accumulated Other Comprehensive Income
  Recent Accounting Pronouncements
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MOLIRIS CORP.
 NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2005
 NOTE 2: GOING CONCERN
   NOTE 3: SALE OF RECEIVABLES WITH RECOURSE
   NOTE 4: EQUIPMENT
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MOLIRIS CORP.
 NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2005
 NOTE 5: NOTES PAYABLE IN DEFAULT
  $200,000 note payable, dated Oct. 28, 2003, bearing interest at
zero percent per annum, payable monthly with final payment due
Sept. 1, 2008, in default as of March 31, 2005.
    
    $
    178,500$32,265 note payable, dated Dec. 12, 2001, bearing interest at
5.9% per annum, payable monthly with final payment due Dec. 12,
2006, net of repossession value, in default as of March 31, 2005.
    
    
    4,766$18,013 note payable,
dated October 1, 2004, bearing interest at
4% per annum, payable monthly with final payment due July 1,
2005 in default as of March 31, 2005.
    
    
    17,889$27,500 note payable, dated November 19, 2004, bearing interest
at 12.0% per annum, payable monthly with final payment due
February 19, 2005, in default as of March 31, 2005.
    
    
    27,500$5,000 note payable, dated November 19, 2004, bearing interest at
12.0% per annum, payable monthly with final payment due February
19, 2005, in default as of March 31, 2005.
    
    
    5,000Total
    
    $
    233,655
   (continued) 12




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MOLIRIS CORP.
 NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2005
 NOTE 5: NOTES PAYABLE IN DEFAULT (CONTINUED)
    NOTE 6: NOTE GUARANTEE
  NOTE 7: ACCRUED EXPENSES
  Accrued Lease Liability
    
    $
    159,727Accrued Payroll and Taxes
    
    
    141,531Lawsuit Settlement(s)
    
    
    116,000Credit Card Liability
    
    
    54,015Sales Tax Payable
    
    
    5,648Liability from Acquisition-Ranging Corp.
    
    
    1,692,000Subscription overpayment
    
    
    3,348Bank overdraft
    
    
    522Accrued Interest
    
    
    13,500$
    2,186,291
 NOTE 8: LEASE COMMITMENTS
    (continued) 13




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MOLIRIS CORP.
 NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2005
 NOTE 8: LEASE COMMITMENTS (CONTINUED)
  NOTE 9: COMMITMENTS CONTINGENCIES & LITIGATION
        NOTE 10: RELATED PARTY TRANSACTIONS
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MOLIRIS CORP.
 NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2005
 NOTE 11: DISCONTINUED OPERATIONS
  Revenues
    
    $
    16,573Cost of
Revenues
    
    
    (4,619
    )Gross Profit
    
    
    11,954Operating Expense
    
    
    (43,012
    )Loss from Discontinued Operations
    
    $
    (31,058
    )
  AmountAssetsCash
    
    $
    316Accounts Receivable
    
    
    7,879Equipment, net
    
    
    95,000LiabilitiesDue to Related Parties
    
    
    (17,418
    )Accounts Payable
    
    
    (89,926
    )Accrued Liabilities
    
    
    (257,968
    )Bank Loans Payable
    
    
    (232,251
    )Net Liabilities
    
    $
    (494,368
    )
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$200,000 note payable, dated Oct. 28, 2003, bearing interest at
zero percent per annum, payable monthly with final payment due
Sept. 1, 2008, in default as of March 31, 2005
    
    $
    178,500$32,265 note payable, dated Dec. 12, 2001, bearing interest at
5.9% per annum, payable monthly with final payment due Dec. 12,
2006, net of repossession value, in default as of March 31, 2005
    
    
    4,766$18,013 note payable, dated October 1, 2004, bearing interest at
4% per annum, payable monthly with final payment due July 1,
2005 in default as of March 31, 2005
    
    
    17,889$27,500 note payable, dated November 19, 2004, bearing interest
at 12.0% per annum, payable monthly with final payment due February 19, 2005, in default as of March 31, 2005
    
    
    27,500$5,000 note payable, dated November 19, 2004, bearing interest at
12.0% per annum, payable monthly with final payment due February
19, 2005, in default as of March 31, 2005
    
    
    5,000Total
    
    $
    233,655
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(a)
    
    Exhibits
 Exhibit
    

Description31.1
    
    Certification by Principal Executive Officer31.2
    
    Certification of Principal Financial Officer32
    
    Certifications of Principal Executive and Financial Officer Pursuant to 906
 (b)
    
    Reports on Form 8-K.
  Date of Event Reported
    
    Items ReportedFebruary 18, 2005
    
    8.01, Stock splitMarch 11, 2005
    
    3.02, Sale of unregistered securitiesMarch 11, 2005
    
    3.02, Sale of unregistered securities, amendment
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NAME AND SIGNATURE
    
    TITLE
    
    DATE/s/ Clyde R. Parks

Clyde R. Parks
    
    Principal Executive Officer,
Principal Financial Officer,
Sole Director
    
    September 1, 2005
 27