UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

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

                  For the quarterly period ended June 30, 2006

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

                 For the transition period from______to________


                       Commission file number: 333-109458


                            Teeka Tan Products, Inc.
                            ------------------------
        (Exact name of small business issuer as specified in its charter)


                  Delaware                                13-4204191
                  --------                                ----------
      (State or other jurisdiction of                   (IRS Employer
       incorporation or organization)                 Identification No.)


         5499 North Federal Highway, Suite D, Boca Raton, Florida 33487
         --------------------------------------------------------------
                    (Address of principal executive offices)


                                  561-989-3600
                                  ------------
                           (Issuer's telephone number)


                                 not applicable
                                 --------------
              (Former name, former address and former fiscal year,
                          if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15 (d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.)  Yes [X]   No [ ]

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

                      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: 79,589,999 shares of common stock as
of August 9, 2006.

Transitional Small Business Disclosure Format:  Yes [ ]   No [X]

<PAGE>

                            TEEKA TAN PRODUCTS, INC.

                 Form 10-QSB for the period ended June 30, 2006

              CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

         Certain statements in this quarterly report on Form 10-QSB contain or
may contain forward-looking statements that are subject to known and unknown
risks, uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. These forward-looking statements were based on various factors and
were derived utilizing numerous assumptions and other factors that could cause
our actual results to differ materially from those in the forward-looking
statements. These factors include, but are not limited to, the ability of the
supplier of the Safe Sea products to continue to provide us with products on an
uninterrupted basis, our ability to raise capital, obtain and retain customers,
develop brand recognition and distributor relationships for our products,
execute our business strategy in a very competitive environment, our degree of
financial leverage, risks related to market acceptance and demand for our
products, and other factors. Most of these factors are difficult to predict
accurately and are generally beyond our control. You should consider the areas
of risk described in connection with any forward-looking statements that may be
made herein. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this report.
Readers should carefully review this quarterly report in its entirety, including
but not limited to our financial statements and the notes thereto. Except for
our ongoing obligations to disclose material information under the Federal
securities laws, we undertake no obligation to release publicly any revisions to
any forward-looking statements, to report events or to report the occurrence of
unanticipated events.

         When used in this quarterly report, the terms the "Company," "we",
"our", and "us" refers to Teeka Tan Products, Inc., a Delaware corporation
formerly known as IHealth, Inc., and our subsidiary Teeka Tan, Inc., a Florida
corporation. The information which appears on our web site at www.teekatan.com
is not part of this annual report.

                                      INDEX

Part I.  Financial Information

Item 1.  Financial Statements

         Consolidated Balance Sheet at June 30, 2006 (unaudited) ..............1

         Consolidated Statements of Operations for the three months
         and six months ended June 30, 2006 and 2005 (unaudited) ..............2

         Consolidated Statements of Cash Flows for the six months
         ended June 30, 2006 and 2005 (unaudited) .............................3

         Notes to Consolidated Financial Statements (unaudited) ...............4

Management's Discussion and Analysis or Plan of Operation ....................12

Item 3.  Controls and Procedures..............................................18

Part II. Other Information....................................................18

                                       ii
<PAGE>

                          PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.

                     TEEKA TAN PRODUCTS, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEET
                                  JUNE 30, 2006
                                   (UNAUDITED)
________________________________________________________________________________

                                     ASSETS
CURRENT ASSETS:
  Cash ..........................................................   $    60,804
  Accounts receivable, net ......................................        51,310
  Prepaid licenses ..............................................        64,925
  Inventory .....................................................        98,946
  Other assets ..................................................           935
                                                                    -----------
    Total currents assets .......................................       276,920

Property and equipment, net .....................................        28,771

Deposits ........................................................         1,450
                                                                    -----------

  TOTAL ASSETS ..................................................   $   307,141
                                                                    ===========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
Cash overdraft ..................................................   $     1,532
Account payable .................................................        59,412
Accrued licenses ................................................        75,000
Accrued interest ................................................        36,798
Accrued payroll .................................................       120,833
Note payable ....................................................       200,000
Notes payable - related parties .................................        22,500
                                                                    -----------
  Total current liabilities .....................................       516,075

Common Stock Subject to Rescission Offer, $.0001 par value,
  17,370,000 shares issued and outstanding ......................       173,700
                                                                    -----------

COMMITMENTS AND CONTINGENCIES ...................................             -

STOCKHOLDERS' DEFICIT
Deferred compensation ...........................................       (73,316)
Common stock $.0001 par value authorized 200,000,000 shares .....             -
61,719,999 shares issued and outstanding ........................         6,172
Additional paid-in capital ......................................     1,191,141
Subscription receivable .........................................      (105,000)
Accumulated deficit .............................................    (1,401,631)
                                                                    -----------
  TOTAL STOCKHOLDERS' DEFICIT ...................................      (382,634)
                                                                    -----------

  TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT ...................   $   307,141
                                                                    ===========

          See accompanying notes to consolidated financial statements.

                                        1
<PAGE>
<TABLE>
                                TEEKA TAN PRODUCTS, INC. AND SUBSIDIARY
                                 CONSOLIDATED STATEMENT OF OPERATIONS
                       FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2006 AND 2005
                                              (UNAUDITED)
______________________________________________________________________________________________________
<CAPTION>
                                                For the Three Months          For the Six Months
                                                   Ended June 30,                Ended June 30,
                                                2006           2005           2006           2005
                                            ------------   ------------   ------------   ------------
<S>                                         <C>            <C>            <C>            <C>
Sales ....................................  $    106,143   $     61,522   $    164,950   $     91,107
Cost of goods sold .......................        72,234         28,059        122,694         45,497
                                            ------------   ------------   ------------   ------------

  Gross Profit ...........................        33,909         33,463         42,256         45,610

OPERATING EXPENSES:
  General and administrative expenses ....       122,936         82,593        210,242        151,728
  Salary expense officers' ...............        70,819         35,417        120,819         66,667
  Stock compensation .....................        39,284              -         39,284              -
  Depreciation ...........................         1,974          1,821          3,948          1,977
                                            ------------   ------------   ------------   ------------

  TOTAL OPERATING EXPENSES ...............       235,013        119,831        374,293        220,372
                                            ------------   ------------   ------------   ------------

Net loss from operations .................      (201,104)       (86,368)      (332,037)      (174,762)

Other (Income) and Expenses
  Intererst expense ......................         5,391          4,541         10,455         12,263
  Interest (income) ......................        (1,165)             -         (1,165)             -
  Gain on rescission interest ............             -              -              -        (28,318)
                                            ------------   ------------   ------------   ------------
                                                   4,226          4,541          9,290        (16,055)

  Net loss before income taxes ...........      (205,330)       (90,909)      (341,327)      (158,707)
                                            ------------   ------------   ------------   ------------

  Income taxes ...........................             -              -              -              -
                                            ------------   ------------   ------------   ------------
NET LOSS .................................  $   (205,330)  $    (90,909)  $   (341,327)  $   (158,707)
                                            ------------   ------------   ------------   ------------

Weighted average number of common shares
  outstanding Basic and Fully Diluted ....    60,022,222     54,740,741     58,295,333     54,172,222
                                            ============   ============   ============   ============

Basic and Fully diluted net loss per share  $      (0.01)  $      (0.00)  $      (0.01)  $      (0.00)
                                            ============   ============   ============   ============

                     See accompanying notes to consolidated financial statements.

                                                   2
</TABLE>
<PAGE>
                     TEEKA TAN PRODUCTS, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                 FOR THE SIX MONTHS ENDED JUNE 30, 2006 AND 2005
                                   (UNAUDITED)
________________________________________________________________________________

                                                            For the Six Months
                                                              Ended June 30,
                                                             2006        2005
                                                          ---------   ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss .............................................  $(341,327)  $(158,707)
  Adjustments to reconcile net loss to net cash used in
   operating activities
    Depreciation .......................................      3,948       1,977
    Stock compensation .................................     39,284           -
    Allowance for uncollectible accounts ...............          -       8,886
    Amortization of prepaid licenses ...................     23,425           -
    Amortization of warrants ...........................      4,885           -
  Changes in operating assets and liabities
    Accounts receivable ................................    (44,996)    (29,628)
    Inventory ..........................................    (24,653)    (56,445)
    Deposits ...........................................          -         729
    Prepaid expenses ...................................    (13,350)          -
    Other assets .......................................       (935)          -
    Accrued interest ...................................      9,978           -
    Increase (decrease) in accounts payable and
      accrued expenses .................................     23,664     (19,365)
    Accrued payroll ....................................    120,833      66,667
                                                          ---------   ---------

  CASH FLOWS USED IN OPERATING ACTIVITIES ..............   (199,244)   (185,886)
                                                          ---------   ---------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchase of fixed assets .............................          -     (37,947)
                                                          ---------   ---------

  CASH FLOWS USED IN INVESTING ACTIVITIES ..............          -     (37,947)
                                                          ---------   ---------

CASH FLOWS FROM FINANCING ACTIVITIES
  Cash overdraft .......................................      1,532           -
  Proceeds from issuance of common stock ...............    216,000     150,000
  Repayment of notes payable - related party ...........     (7,500)          -
  Refund of stock subject to recession .................          -      (6,000)
                                                          ---------   ---------

  CASH FLOWS FROM FINANCING ACTIVITES ..................    210,032     144,000
                                                          ---------   ---------

NET INCREASE (DECREASE) IN CASH AND CASH EQUVALENTS ....     10,788     (79,833)

CASH AND CASH EQUIVALENTS, Beginning ...................     50,016     213,752
                                                          ---------   ---------

CASH AND CASH EQUIVALENTS, Ending ......................  $  60,804   $ 133,919
                                                          =========   =========

SUPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:
Interest paid ..........................................  $           $       -
                                                          =========   =========
Income taxes ...........................................  $           $       -
                                                          =========   =========

          See accompanying notes to consolidated financial statements.

                                        3
<PAGE>

                     TEEKA TAN PRODUCTS. INC. AND SUBSIDIARY
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2006
                                   (UNAUDITED)
________________________________________________________________________________

NOTE 1.  BASIS OF PRESENTATION AND ORGANIZATION

The accompanying unaudited financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
and the rules and regulations of the Securities and Exchange Commission for
interim financial information. Accordingly, they do not include all the
information necessary for a comprehensive presentation of financial position and
results of operations.

It is management's opinion however, that all material adjustments (consisting of
normal recurring adjustments) have been made which are necessary for a fair
financial statements presentation. The results for the interim period are not
necessarily indicative of the results to be expected for the year.

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

PRINCIPLES OF CONSOLIDATION

The consolidated financial statements include the accounts of the Company and
its wholly owned subsidiary, Teeka Tan, Inc. Intercompany accounts and
transactions have been eliminated in consolidation.

REVENUE RECOGNITION

Revenue is recognized when earned, as products are completed and delivered to
customers. If the Company had any merchandise on consignment, the related sales
from merchandise on consignment would be recorded when the retailer sold such
merchandise.

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid temporary cash investments with an
original maturity of three months or less to be cash equivalents.

ACCOUNTS RECEIVABLE

The Company is required to estimate the collectability of its accounts
receivable. The Company's reserve for doubtful accounts is estimated by
management based on a review of historic losses and the age of existing
receivables from specific customers.

CONCENTRATION OF CREDIT RISK

The Company at times has cash in banks in excess of FDIC insurance limits and
places its temporary cash investments with high credit quality financial
institutions. As at June 30, 2006, the Company did not have cash in excess of
FDIC limits.

                                        4
<PAGE>

                     TEEKA TAN PRODUCTS. INC. AND SUBSIDIARY
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2006
                                   (UNAUDITED)
________________________________________________________________________________

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (CONTINUED)

USE OF ACCOUNTING ESTIMATES

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.

INVENTORIES

The Company's inventories consist of purchased finished goods, labels and
bottles. Inventories are stated at lower of cost or market. Cost is determined
on the first-in, first-out basis.

PROPERTY AND EQUIPMENT

Property and equipment are stated at cost, less accumulated depreciation.
Depreciation is provided using the straight-line method over the estimated
useful lives of the individual assets. The estimated useful life of the computer
equipment is three years.

ADVERTISING COSTS

Advertising costs are expensed as incurred. Total advertising costs charged to
operations for the three and six months ended June 30, 2006 and 2005 amounted to
$1,910, $3,140, and $1,635, and $7,751, respectively.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying amounts reported in the balance sheet for cash, receivables,
accounts payable, accrued expenses and notes payable approximate fair value
based on the short-term maturity of these instruments.

LOSS PER SHARE

The Company has adopted SFAS 128, "Earnings per Share." Loss per common share
are computed by dividing income available to common shareholders by the weighted
average number of common shares outstanding during the period. For the six
months ended June 30, 2006 and 2005, the weighted average number of common
shares outstanding during the period were 13,830,000 shares and 11,330,000
shares, respectively. Stock options were not included in the computation of loss
per share for the periods presented because their inclusion is anti-dilutive or
their effect is not material.

BUSINESS SEGMENTS

The Company operates in one segment and therefore segment information is not
presented.

                                        5
<PAGE>

                     TEEKA TAN PRODUCTS. INC. AND SUBSIDIARY
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2006
                                   (UNAUDITED)
________________________________________________________________________________

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (CONTINUED)

STOCK BASED COMPENSATION

In December 2004, the Financial Accounting Standards Board (FASB) issued SFAS
No. 123(R), "Share-Based Payment," which replaces SFAS No. 123 and supersedes
APB Opinion No. 25. Under SFAS No. 123(R), companies are required to measure the
compensation costs of share-based compensation arrangements based on the
grant-date fair value and recognize the costs in the financial statements over
the period during which employees are required to provide services. Share-based
compensation arrangements include stock options, restricted share plans,
performance-based awards, share appreciation rights and employee share purchase
plans. In March 2005 the SEC issued Staff Accounting Bulletin No. 107, or "SAB
107". SAB 107 expresses views of the staff regarding the interaction between
SFAS No. 123(R) and certain SEC rules and regulations and provides the staff's
views regarding the valuation of share-based payment arrangements for public
companies. SFAS No. 123(R) permits public companies to adopt its requirements
using one of two methods. On April 14, 2005, the SEC adopted a new rule amending
the compliance dates for SFAS 123R. Companies may elect to apply this statement
either prospectively, or on a modified version of retrospective application
under which financial statements for prior periods are adjusted on a basis
consistent with the pro forma disclosures required for those periods under SFAS
123. Effective January 1, 2006, the Company has fully adopted the provisions of
SFAS No. 123R and related interpretations as provided by SAB 107. As such,
compensation cost is measured on the date of grant at their fair value. Such
compensation amounts, if any, are amortized over the respective vesting periods
of the option grant. The Company applies this statement prospectively.

NEW ACCOUNTING PRONOUNCEMENTS

SFAS 155, "Accounting for Certain Hybrid Financial Instruments" and SFAS 156,
"Accounting for Servicing of Financial Assets" were recently issued. SFAS 155
and 156 have no current applicability to the Company and have no effect on the
financial statements.

NOTE 3.  ACCOUNTS RECEIVABLE

Accounts receivable at June 30, 2006 consisted of the following:

         Accounts receivable ............................     $ 66,796
         Less allowance for doubtful accounts ...........      (15,486)
                                                              --------
         Accounts receivable, net .......................     $ 51,310
                                                              ========

                                        6
<PAGE>

                     TEEKA TAN PRODUCTS. INC. AND SUBSIDIARY
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2006
                                   (UNAUDITED)
________________________________________________________________________________

NOTE 4.  PROPERTY AND EQUIPMENT

At June 30, 2006 property and equipment consisted of the following:

         Computer equipment .............................     $  1,882
         Automobiles ....................................       30,949
         Equipment ......................................        7,000
         Less accumulated depreciation ..................      (11,060)
                                                              --------
                                                              $ 28,771
                                                              ========

Depreciation expense for the three and six months ended June 30, 2006 and 2005
was $1,974, $3,948 and $1,821 and $1,977, respectively.

NOTE 5.  PREPAID LICENSES

On March 13, 2006, the Company entered into a licensing agreement. The terms of
the agreement state that the licensing fees are due for each year on the first
date of that year. Licensing fees for the period March 13, 2006 to March 13,
2007 amounted to $75,000. The Company is amortizing the costs of these licenses
over the term of the agreement. For the three and six months ended June 30, 2006
the Company recorded amortization expense of $18,699 and $23,425, respectively.

         Licenses amount ................................     $ 75,000
         Amortization ...................................      (23,425)
                                                              --------
         Balance ........................................     $ 51,575
                                                              ========

NOTE 6.  ACCRUED PAYROLL

As of June 30, 2006, the Company recorded $120,833 for payroll liabilities due
to senior management of the Company for compensation. The officers of the
Company have elected to defer the payment of these accrued salaries until such
time as we have sufficient working capital to satisfy these obligations. For the
three and six months ended June 30, 2006 and 2005 the Company recorded an
expense of $70,819 and $120,819 and $35,417 and $66,667, respectively, for
payroll due to senior management.

On April 11, 2006 Messrs. Brian S. John, Richard A. Miller and Frank V.
Benedetto, Jr., the Company's executive officers and directors, entered into
agreements to forgive an aggregate of $485,826 of accrued but unpaid
compensation payable to them under the terms of employment agreements between
the Company and each of the individuals. Such amounts have been recorded as a
capital contribution as of June 30, 2006.

                                        7
<PAGE>

                     TEEKA TAN PRODUCTS. INC. AND SUBSIDIARY
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2006
                                   (UNAUDITED)
________________________________________________________________________________

NOTE 7.  NOTES PAYABLE - RELATED PARTY

In December 2005 the Company's three executive officers and one of our employees
lent us an aggregate of $30,000 for general working capital. Under the terms of
these notes, the principal and interest at the rate of 4% per annum are due on
demand, provided, however, that the lenders may not demand payment until such
time as the rescission offer described elsewhere herein has been completed and
all stockholders who have accepted the rescission offer have been paid in full.
In June 2006 the three executive officers and one of our employees elected to
forgive a total of $1,908 of accrued interest on their notes payables and to be
repaid their note balances. The $1,431 of accrued interest due to the three
officers has been recorded as a capital contribution as of June 30, 2005. As on
June 30, 2006, $7,500 had been repaid to one of the officers. The two other
officers and one employee were repaid their respective notes in July 2006.

NOTE 8.  CONVERTIBLE NOTE PAYABLE - STOCKHOLDER

In August 2004 the Company issued a $200,000 convertible debenture to a
principal stockholder of the Company. The debenture pays interest of 10% per
annum, and all principal and accrued interest is due on or before August 26,
2006. Commencing on August 26, 2005 all or any portion of the principal amount
of debenture and any accrued but unpaid interest was convertible at the option
of the holder into shares of our common stock at a conversion price of $0.075
per share. There was no beneficial conversion feature on the issue of the note
payable.

NOTE 9.  EQUITY TRANSACTIONS

Between January and June , 2006 the Company sold 4,320,000 shares of common
stock for proceeds of $216,000 to a total of 12 investors.

In April 2006, the Company's Board of Directors adopted the Teeka Tan Products,
Inc. 2006 Equity Compensation Plan (the "Plan"). The Company has reserved
10,000,000 shares of its common stock for issuance under the Plan, which was
adopted to provide the Company with flexibility in compensating certain of its
sales, administrative and professional employees and consultants and to conserve
its cash resources. The issuance of shares under the Plan is restricted to
persons who are closely-related to the Company and who provide it with bona fide
services in connection with the sales and marketing of its products or otherwise
in connection with its business as compensation. The eligible participants
include directors, officers, employees and non-employee consultants and
advisors. Management of the Company anticipates that a substantial portion of
the shares available under the Plan will be issued over time as compensation to
its employees and consultants and advisors who provide services in the sales,
marketing and promotion of the Company's products. The Board of Directors has no
present intent to issue any shares under the Plan to members of the Board who
are also the Company's executive officers.

                                        8
<PAGE>

                     TEEKA TAN PRODUCTS. INC. AND SUBSIDIARY
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2006
                                   (UNAUDITED)
________________________________________________________________________________

NOTE 9.  EQUITY TRANSACTIONS (CONTINUED)

In April 2006 the Company issued a total of 1,500,000 common stock options
pursuant to the Plan at an exercise price of $.07 per share as compensation to
three employees. The fair market value of the options was estimated on the grant
date using the Black-Scholes option pricing model as required under SFAS 123
with the following weighted average assumptions: expected dividend yield 5.0%,
volatility 139%, risk-free interest rate of 4.5%, and expected warrant life of
three months. The Company valued these options at $39,284. The Company received
a $35,000, 4% demand promissory note from each of the three employees. The
Company recorded a subscription receivable in the amount of $105,000 for these
demand notes.

On April 1, 2006 the Company entered into an agreement for investor relations.
The Company agreed to sell a total of 2,000,000 shares of common stock at a
price of $200. In July 2006 the Company cancelled the agreements and the shares
were retired.

On April 11, 2006 Messrs. Brian S. John, Richard A. Miller and Frank V.
Benedetto, Jr., the Company's executive officers and directors, entered into
agreements to forgive an aggregate of $485,826 of accrued but unpaid
compensation payable to them under the terms of employment agreements between
the Company and each of the individuals. Such amounts have been recorded as a
capital contribution as of June 30, 2006.

In December 2005 the Company's three executive officers and one of our employees
lent us an aggregate of $30,000 for general working capital. Under the terms of
these notes, the principal and interest at the rate of 4% per annum are due on
demand, provided, however, that the lenders may not demand payment until such
time as the rescission offer described elsewhere herein has been completed and
all stockholders who have accepted the rescission offer have been paid in full.
In June 2006 the three executive officers and one of our employees elected to
forgive a total of $1,908 of accrued interest on their notes payables and to be
repaid their note balances. The $1,431 of accrued interest due to the three
officers has been recorded as a capital contribution as of June 30, 2006.

NOTE 10. AUTHORIZED SHARES

In September 2003, the Company offered an initial rescission offer to its
investors who had purchased common stock of the Company prior to February 13,
2003, since the Company had discovered that the authorized capitalization was
insufficient to permit the Company to issue the Common stock. The Company
amended the Certificate of Incorporation authorizing for the Company to increase
its authorized shares to 200,000,000. All of such investors had waived their
rights to the initial rescission of the original issuance of common stock as of
December 31, 2005 (See Note 13).

NOTE 11. WARRANTS

The Company issued 1,000,000 warrants on March 13, 2006, at an exercise price of
$.05 per share as partial compensation for licensing fees. The fair market value
of the warrants was estimated on the grant date using the Black-Scholes option
pricing model as required under SFAS 123 with the following

                                        9
<PAGE>

                     TEEKA TAN PRODUCTS. INC. AND SUBSIDIARY
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2006
                                   (UNAUDITED)
________________________________________________________________________________

NOTE 11. WARRANTS (CONTINUED)

weighted average assumptions: expected dividend yield 4.5%, volatility 139%,
risk-free interest rate of 4.5%, and expected warrant life of one year. The
Company valued these warrants $78,201. For the three and six months ended June
30, 2006 the Company recorded $3,899 and $4,885, respectively, of amortization
expense associated with the warrants.

NOTE 12. COMMITMENTS AND CONTINGENCIES

LICENSING AGREEMENT

On March 13, 2006, the Company entered into an agreement with Nidaria Technology
Ltd. providing the Company with exclusive distribution rights for Nidaria's Safe
Sea sun care products in the United States, Mexico and Caribbean for a period of
five years. Pursuant to the agreement the Company committed to a five year
marketing budget expenditure of at least $1 million. In addition the Company
agreed to pay Nidaria for the exclusive rights the following additional
compensation:

         First year ......   $ 75,000.00
         Second year .....   $ 75,000.00
         Third year ......   $ 50,000.00
         Fourth year .....   $ 50,000.00
         Fifth year ......   $ 50,000.00

The compensation would be paid at the beginning of each year.

NOTE 13. COMMON STOCK SUBJECT TO RESCISSION OFFER

In October 2003, the Company learned that the private placement offers made both
prior to and after February 14, 2003 may have violated federal securities laws
based on the inadequacy of the Company's disclosures made in its offering
documents for the units concerning the lack of unauthorized shares. Based on
potential violations that may have occurred under the Securities Act of 1933,
the Company made a rescission offer to both investors who acquired the Company's
common stock prior to February 13, 2003 and who had received the initial
rescission offer, as well as to investors who had acquired the Company's common
stock subsequent to February 14, 2003, since they were not informed of the
original rescission offer. As such, the proceeds of $181,200 from the issuance
of 18,120,000 shares of common stock through April 30, 2003 have been classified
outside of equity in the balance sheet and classified as common stock subject to
rescission.

In March 2005, the Company refunded one investor their investment of $6,000 plus
accrued interest of $1,153 in the return of 600,000 shares of common stock.

In September 2005, the Company refunded one investor their investment of $1,500
plus accrued interest of $325 in the return of 150,000 shares of common stock.

                                       10
<PAGE>

                     TEEKA TAN PRODUCTS. INC. AND SUBSIDIARY
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2006
                                   (UNAUDITED)
________________________________________________________________________________

NOTE 14. RELATED PARTY TRANSACTIONS

As of June 30, 2006, the Company recorded $120,833 for payroll liabilities due
to senior management of the Company for compensation. The officers of the
Company have elected to defer the payment of these accrued salaries until such
time as we have sufficient working capital to satisfy these obligations. For the
three and six months ended June 30, 2006 and 2005 the Company recorded an
expense of $70,819 and $120,819 and $35,417 and $66,667, respectively, for
payroll due to senior management.

On April 11, 2006 Messrs. Brian S. John, Richard A. Miller and Frank V.
Benedetto, Jr., the Company's executive officers and directors, entered into
agreements to forgive an aggregate of $485,826 of accrued but unpaid
compensation payable to them under the terms of employment agreements between
the Company and each of the individuals. Such amounts have been recorded as a
capital contribution as of June 30, 2006.

In December 2005 the Company's three executive officers and one of our employees
lent us an aggregate of $30,000 for general working capital. Under the terms of
these notes, the principal and interest at the rate of 4% per annum are due on
demand, provided, however, that the lenders may not demand payment until such
time as the rescission offer described elsewhere herein has been completed and
all stockholders who have accepted the rescission offer have been paid in full.
In June 2006 the three executive officers and one of our employees elected to
forgive a total of $1,908 of accrued interest on their notes payables and to be
repaid their note balances. The $1,431 of accrued interest due to the three
officers has been recorded as a capital contribution as of June 30, 2005. As on
June 30, 2006, $7,500 had been repaid to one of the officers. The two other
officers and one employee were repaid their note balances in July 2006.

NOTE 15. GOING CONCERN

As reflected in the accompanying financial statements, the Company has a net
loss of $341,327 for the six months ended June 30, 2006, a working capital
deficiency of $239,155, a stockholders' deficiency of $382,634 and cash used in
operations of $199,244. These factors raise substantial doubt about the
Company's ability to continue as a going concern

The Company's continued existence is dependent upon its ability to raise capital
and to successfully market and sell its products. The financial statements do
not include any adjustments that might be necessary should the Company be unable
to continue as a going concern.

NOTE 16. SUBSEQUENT EVENTS

If July 2006 two officers of the Company and one employee were each repaid their
$7,500 note balances.

In August 2006 the Company issued 500,000 shares of common stock pursuant to an
agreement entered into with SYVAX, Inc. DBA Shark Defense related to research,
development and resting of shark-repellent sunscreen.

                                       11
<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

         The following discussion and analysis should be read in conjunction
with our financial statements and the accompanying notes appearing elsewhere in
this quarterly report.

OVERVIEW

         We market and distribute Teeka Tan(R) Suncare Products, a broad line of
high quality, value-priced sun care products. We are also the distributor of the
Safe Sea Jellyfish Sting Protective Lotion under an exclusive licensing
agreement with its manufacturer. We sell these products directly to resorts,
hotels and retailers with beach locations in south Florida, Bermuda, the
Bahamas, Dominican Republic, Illinois, Michigan, Alabama, New Hampshire, Rhode
Island, Connecticut, New York, South Carolina, Maine, Maryland and New Jersey.
Our customers are primarily beach front stores and hotels with high volume
tourist traffic.

         Formed in 2002, we are a relatively new company with no long history of
operations on which an investor can evaluate our historical and future financial
performance. During fiscal 2002 and fiscal 2003 our activities were primarily
limited to development of our business plan, launching our TeekaTan product
line, and development of our marketing model. We began to report revenues during
the last part of fiscal 2003 from sales of our TeekaTan sun care products and
exited development stage operations at the end of fiscal 2003. In February 2006
we entered into an agreement to distribute Safe Sea Jellyfish Sting Protective
Lotion, which is marketed by its manufacturer as the worlds only patented lotion
that helps prevent against the stinging of most Jellyfish, Man-o-war, Sea Lice,
Sea Nettle and Fire Corals. Under the terms of the agreement we have the
exclusive right to distribute Safe Sea in the retail consumer markets in the
United States, the Caribbean and Mexico for a period of five years.

         The suncare industry is a highly competitive market which is dominated
by household names such as Coppertone, Hawaiian Tropic and Banana Boat. While
the emphasis of our business model has been on our marketing efforts and our
initial barrier to entry in the market has been relatively low through our use
of a third party manufacturer, in order to be successful we must steadily
increase our brand awareness and market penetration. Between the beginning of
fiscal 2003 and the end of second quarter fiscal 2006 we have been successful in
steadily increasing the number of our customers we have begun to penetrate
national chain stores with sales to a number of Walgreens locations in Florida
and South Carolina.

         The principal features of our growth strategy for fiscal 2006 include:

         o leverage our distributorship of Safe Sea Jellyfish Sting Protective
Lotion product which we believe is a retailer "must carry." With that
relationship we believe that we will be able to use our sun screen, tanning oil,
after-sun and lip balm products as well as our merchandising and promotion
materials to expand our role in the stores;

         o utilize our sales team to enter into new markets and new types of
retail outlets. The SPF 30 1.5 oz. sample size bottles were developed
specifically for convenience markets such as golf courses, pro shops, point of
purchase displays and other impulse-type markets. We believe that having our
representatives add this type of retail outlet to their list of prospective
accounts it gives them increased opportunities for sales while maintaining a
manageable service area;

         o attend marketing conferences that give us increased exposure to
independent and corporate retailers throughout the country. Two conferences
recently attended are the Surf Expo held in Orlando, Florida in January 2006 of
this year and the ECRM- Sun Care conference held in Ft. Lauderdale, Florida in
July of 2006. We believe that both conferences have given us nationwide sales
and marketing exposure with a relatively small investment in time, money and
human resources,

                                       12
<PAGE>

         o develop a distributor network in the marine, gift and consumer
product industries. Contacts in these networks have been established through
research and the attendance of the aforementioned conferences, and will be
invaluable when seeking to distribute our products nationwide and to foreign
locations, and

         o continue the introduction of new products. We are currently testing a
sunscreen formation which contains a shark repellent. We have hired SYVAX, Inc.
DBA Shark Defense to assist us in the preparation and filing of a provisional
patent application for the formula, as well as experimental design and technical
support. We are seeking to develop additional unique products such as this
product which we believe we can leverage to increase the distributorship of our
core line of sunscreen products.

         In order to continue to grow our business and implement these marketing
initiatives and to satisfy our current obligations we will need to raise
additional working capital. As discussed elsewhere herein, there are no
assurances we will be successful in raising capital as needed, or upon terms
satisfactory to us. A lack of sufficient working capital will significantly
hinder our abilities to continue to grow our revenues and report profitable
operations in future periods.

RESULTS OF OPERATIONS

SIX MONTHS ENDED JUNE 30, 2006 AS COMPARED TO THE SIX MONTHS ENDED JUNE 30, 2005
<TABLE>
<CAPTION>
                                                                          Increase/        Increase/
                                 Six Months Ended   Six Months Ended     (Decrease)       (Decrease)
                                   June 30, 2006      June 30, 2005    $ 2006 vs 2005   % 2006 vs 2005
                                 ----------------   ----------------   --------------   --------------
<S>                                 <C>                <C>                <C>               <C>
Sales ...........................   $ 164,950          $  91,107          $  73,843          81.1%
Gross profit ....................      42,256             45,610             (3,354)        (7.4)%

Operating expenses:
   General and administrative
     expenses ...................     210,242            151,728             58,514          38.6%
   Salary expenses officers' ....     120,819             66,667             54,152          81.2%
   Stock compensation expense ...      39,284                  0             39,284           100%
   Depreciation .................       3,948              1,977              1,971          99.7%
                                    ---------          ---------          ---------         ------

Total operating expenses ........     374,293            220,372            153,921          69.8%
                                    ---------          ---------          ---------         ------

Net (loss) from operations ......    (332,037)          (174,762)           157,275          90.0%

Total other (income) and expenses       9,290            (16,055)            25,345             NM
                                    =========          =========          =========         ======

Net loss ........................   $(341,327)         $(158,707)         $ 182,620           115%
                                    =========          =========          =========         ======

NM = not meaningful
</TABLE>

OTHER KEY INDICATORS:
                                                       Six Months Ended June 30,
                                                       -------------------------
                                                                          % of
                                                       2006     2005     change
                                                       -----    -----    -------
Cost of goods sold as a percentage of sales ........   74.4%    49.9%    + 24.5%
Gross profit margin as a percentage of sales .......   25.6%    50.1%    - 24.5%
Total operating expenses as a percentage of sales ..    227%     242%    - 15.0%
G&A expenses, including officers' salaries,
  as a percentage of sales .........................    201%     240%    - 39.0%

                                       13
<PAGE>

SALES

         We reported sales of $164,950 for the six months ended June 30, 2006,
an increase of $73,843 or approximately 81% from the six months ended June 30,
2005. During the six months ended June 30, 2006 approximately 65% of our
revenues were attributable to sales of our Teeka Tan line of suncare products
and approximately 35% of our revenues were attributable to our distribution of
the Safe Sea Jellyfish Sting Protective Lotion. The increase in our revenues for
the six months ended June 30, 2006 from the comparable period in fiscal 2005
reflects our continued efforts to establish new accounts in our target market
areas as well as revenues from our distributorship of the Safe Sea product which
began in early fiscal 2006. Our exclusive distribution of Safe Sea is key to our
ability to continue to increase our revenues in future periods as it not only
generates revenues for our company but it also provides a means to further
increase the distribution of our proprietary products. Safe Sea's manufacturer,
however, is located in Israel. While our current inventory level of the product
should be sufficient for the next four months, the conflict between Israel and
Hezbollah could impact our ability to obtain replacement inventory which would
have a material adverse affect on our sales in future periods. In addition, the
third quarter of fiscal 2005 was adversely affected by the effect of a number of
hurricanes which either made landfall in Florida or otherwise impacted areas in
which our products are distributed. We cannot predict if our projected sales for
the third quarter of fiscal 2006 will be likewise adversely impacted.

COST OF GOODS SOLD AND GROSS PROFIT

         Our costs of sales as a percentage of sales increased to approximately
74.4% for six months ended June 30, 2006 as compared to approximately 49.9% for
six months ended June 30, 2005. As a result of the increase in our cost of sales
as a percentage of sales our gross profit margin for six months ended June 30,
2006 decreased approximately 24.5% to approximately 25.6% from approximately
50.1% for six months ended June 30, 2005. The increases in cost of goods sold as
a percentage of revenues and decreases in margins during the six months ended
June 30, 2006 as compared to the six months ended June 30, 2005 is the result of
both increased packaging costs and the introduction of Safe Sea to our product
line which carries a lower profit margin than our other products. During the six
months ended June 30, 2005 our packaging costs were reduced as a result of our
wholesale purchase at a one-time reduced price of certain packaging components.
We have substantially used those components and, accordingly, our costs of sales
during the six months ended June 30, 2006 reflects our normal packaging costs.
As a result of the terms of the licensing agreement we entered into in February
2006 with Nidaria Technology Ltd. we believe that our margins on the Safe Sea
product will increase in future periods.

TOTAL OPERATING EXPENSES

         Our total operating expenses for six months ended June 30, 2006
increased $153,921, or approximately 90%, from six months ended June 30, 2005.
Included in this increase was an increase in general and administrative expenses
of $58,514, or approximately 39%, for six months ended June 30, 2006 from six
months ended June 30, 2005. This increase in general and administrative expenses
included licensing fees of approximately $23,425 related to the Safe Sea product
for which we did not have a comparable expense in fiscal 2005. Other increases
is general and administrative expenses included:

         o an increase of approximately $10,542 in salaries, compensation and
related expenses. This increase reflects the addition of two full time sales
persons during the later part of fiscal 2005. We believe that salaries,
compensation and related expenses will remain relatively constant during the
last six months of fiscal 2006 from the first six months of fiscal 2006,

         o an increase of approximately $5,700 in auto expense attributable to
the addition to two sales persons in later part of fiscal 2005,

                                       14
<PAGE>

         o an increase of approximately $3,800 in professional fees related to
our obligations as a public company, and

         o an increase of approximately $5,326 in marketing, promotion and
advertising expenses.

         These increases were offset by a decrease of approximately $8,886 in
bad debt expense for which we did not have comparable a expense in fiscal 2006.

         During the six months ended June 30, 2006 salary expense officers
increased $54,152, or approximately 81%, from the six months ended June 30, 2005
which reflects the increase in annual salaries paid to our executive officers
under the terms of their employment agreements. As set forth below, we are
presently accruing these amounts and our officers have agreed to defer payment
of those amounts until such time as we have sufficient working capital to
satisfy these obligations.

         During the six months ended June 30, 2006 we recognized stock
compensation expense of $39,284 which represents the fair value of stock options
we granted to three employees under our 2006 Equity Compensation Plan. We did
not have a comparable expense in the fiscal 2005 period. In April 2006 we
granted these employees options to purchase an aggregate of 1,500,000 shares of
our common stock with an exercise price of $0.07 per share. Following the
granting of these options each of the employees exercised the option and
tendered to us a demand promissory notes in the aggregate principal amount of
$105,000 which bear interest at the rate of 5% per annum. The amount of these
notes is reflected on our balance sheet at June 30, 2006 as a subscription
receivable.

         During six months ended June 30, 2006 depreciation expense also
increased $1,971 from six months ended June 30, 2005 which also includes the
purchase of two additional vehicles for use by our sales personnel.

         We anticipate that our total operating expenses will continue to
increase in future periods as our sales increase. Included in these anticipated
increases are salaries and benefits for additional employees, increased
marketing and advertising expenses and increased rental expense. We also
anticipate that our professional fees will continue to increase as we seek to
raise additional capital. We cannot, however, at this time predict the amount of
any of these increases.

OTHER (INCOME) AND EXPENSES

         Other (income) and expenses for six months ended June 30, 2006
represented interest expense of $10,455 as compared to interest expense of
$12,263 for six months ended June 30, 2005. In addition, other (income) and
expenses for six months ended June 30, 2005 included a one-time gain on
recission interest of $28,318 which represents interest we had accrued during
fiscal 2004 in connection with the rescission offer to our stockholders which
was completed in March 2005. We did not have a comparable gain in the six months
ended June 30, 2006.

LIQUIDITY AND CAPITAL RESOURCES

         Liquidity is the ability of a company to generate funds to support its
current and future operations, satisfy its obligations and otherwise operate on
an ongoing basis. We have experienced losses and negative cash flows from
operations since inception and the report of our independent registered public
accounting firm on our financial statements for fiscal 2005 contains an
explanatory paragraph regarding our ability to continue as going concern. At
June 30, 2006, we had cash on hand of approximately $61,000. and a working
capital deficiency of approximately $239,155, which includes $22,500 of short
term debt due to our executive officers and an employee.

         During six months ended June 30, 2006, our cash balance increased
$10,788. This increase consisted of $199,244 used in operating activities offset
by $210,032 provided by financing activities.

                                       15
<PAGE>

         Cash flows used in operating activities for six months ended June 30,
2005 increased slightly to $199,244 as compared to $185,866 for the six months
ended June 30, 2005. This change, which includes an increase in our net loss for
the six months ended June 30, 2005 of $182,620 from the six months ended June
30, 2005, is primarily attributable to changes in operating assets and
liabilities including an increase in accounts receivable of $15,368 as a result
of our increased sales, an increase in accounts payable and accrued expenses of
$43,029 which reflects our efforts to conserve cash resources to fund inventory
and the growth of our company, an increase in prepaid expenses of $13,350 which
represents payment of marketing expenses for trade show which we attended in
June 2006and an increase of accrued payroll of $54,216 as a result of salary
increases under the terms of the employment agreements with our executive
officers.

         Cash flows used in investing activities were $0 for the six months
ended June 30, 2006 as compared to $37,947 for the six months ended June 30,
2005. We purchased certain fixed assets in the fiscal 2005 period and did not
have comparable purchases in the fiscal 2006 period.

         Cash flows from financing activities increased $66,032 during six
months ended June 30, 2006 from the comparable period in fiscal 2005. This
increase is primarily attributable to proceeds from the sale of our securities
during the fiscal 2006 period. During the six months ended June 30, 2006 we
received $216,000 from the issuance of securities as compared to $150,000 during
the six months ended June 30, 2005.

         The report of our independent registered public accounting firm on our
consolidated financial statements as of December 31, 2005 contains an
explanatory paragraph expressing uncertainty with respect to our ability to
continue as a going concern. We are not generating significant revenues to fund
operations, and had an accumulated deficit of $1,401,631 at June 30, 2006. While
we do not presently have any commitments for capital expenditures, in February
2006, we entered into an agreement with Nidaria Technology Ltd. which granted us
exclusive distribution rights for Nidaria's Safe Sea Jellyfish Sting Protective
Lotion in the consumer retail markets in the United States, Mexico and Caribbean
for a period of five years. Under the terms of the agreement, we are required to
satisfy minimum purchase requirements over the five-year term and we are
obligated to provide a license fee of between $45,000 and $75,000 per year in
order to maintain exclusivity. In addition, we committed to a marketing budget
of at lease $1 million for the five year the term of the agreement.

         In addition to our obligations under this licensing agreement, we have
$200,000 principal amount outstanding under a debenture due on August 26, 2006.
At present we do not have sufficient funds to satisfy this obligations. Based
upon discussions with the holder of the $200,000 principal amount debenture, we
anticipate that we will extend the due date of the debenture for an additional
one year period prior to its maturity date.

         If we are unable to either pay the licensing fees to Nidaria Technology
Ltd. as they become due or fulfill the our obligations regarding the marketing
budget, Nidaria Technology Ltd. could terminate our license agreement. In
addition, even if we fulfill the terms of the licensing agreement, if the
conflict involving Israel and Hezbollah should escalate, or if Israel should
become involved in other conflicts in the Middle East, our ability to obtain
sufficient Safe Sea product to satisfy customer demand could be in jeopardy. As
sales of Safe Sea represented approximately 35% of our revenues for the six
months ended June 30, 2006, any disruption in the supply of this product could
have a material adverse impact on our results of operations in future periods.

         At June 30, 2006 we had accrued salaries due our executive officers of
$120,833. These officers have agreed to continue to defer payment of their
salaries until such time as we have sufficient working capital to satisfy these
obligations. At our present level of operations we will not have sufficient
funds to begin paying these salaries on a current basis in the foreseeable
future, or to satisfy these debt obligations.

                                       16
<PAGE>

         If we are to fully implement our business plan, we anticipate that our
use of cash will be substantial for the foreseeable future, and will exceed our
cash flow from operations during the next 12 months and thereafter, absent a
significant increase in sales. To fully implement our business plan, over the
next 12 months we anticipate that we will require additional working capital for
increasing our inventory of existing and new products, for salaries and wages,
and for increased marketing and advertising. Unless sales significantly increase
over the next 12 months, we will not have significant working capital to satisfy
our obligations, hire additional employees, increase our levels of inventory,
market our products or otherwise pursue our business plan.

         It is our intent to seek additional capital in the private and/or
public equity markets during fiscal 2006 to continue to implement our plan of
operation. We do not have any commitments from any holders of our outstanding
warrants to exercise the warrants, and we cannot assure you that they will ever
be exercised. In addition, we have no commitments from any third parties to
provide additional equity or debt funding to us, and we cannot guarantee you
that we will be successful in locating such additional funding.

         If we raise additional working capital through the issuance of equity
securities, existing stockholders will in all likelihood experience significant
dilution. If we raise additional working capital through the issuance of debt,
our interest expense will increase and adversely affect our ability to report
profitable operations in future periods. Further, we may not be able to obtain
additional financing when needed or on terms favorable to us. Because we have no
commitment for additional capital, we cannot guarantee you that we will be
successful in raising such additional funds as we may need to fund our
operations until such time, if ever, as we generate sufficient revenues to fund
our working capital needs. If we are unable to raise sufficient working capital
when and as needed, we would be unable to fully implement our business model and
we could be required to cease operations.

CRITICAL ACCOUNTING POLICIES

         We have identified the policies outlined below as critical to our
business operations and an understanding of our results of operations. The list
is not intended to be a comprehensive list of all of our accounting policies. In
many cases, the accounting treatment of a particular transaction is specifically
dictated by accounting principles generally accepted in the United States, with
no need for management's judgment in their application. The impact and any
associated risks related to these policies on our business operations is
discussed throughout Management's Discussion and Analysis or Plan of Operations
where such policies affect our reported and expected financial results. For a
detailed discussion on the application of these and other accounting policies,
see the Notes to the December 31, 2005 Consolidated Financial Statements. Note
that our preparation of the financial statements requires us to make estimates
and assumptions that affect the reported amount of assets and liabilities,
disclosure of contingent assets and liabilities at the date of our financial
statements, and the reported amounts of revenue and expenses during the
reporting period. There can be no assurance that actual results will not differ
from those estimates.

Revenue Recognition

         Revenue is recognized on sales of products when the customer receives
title to the goods, generally upon delivery. Revenue is recorded on a gross
basis, since we are responsible for fulfillment, including the acceptability of
the products and services ordered by the customer. In the event we place any
merchandise on consignment, the related sales from such merchandise will be
recorded when such merchandise is sold by the retailer.

Start-up Costs

         Costs of start-up activities, including organization costs, are
expensed as incurred, in accordance with Statement of Position (SOP) 98-5.

                                       17
<PAGE>

Provision for Slow Moving and Obsolete Inventory

         We write down our inventory for estimated unmarketable inventory or
obsolescence equal to the difference between the cost of inventory and the
estimated market value based on assumptions about future demand and market
conditions. If actual market conditions are less favorable than those projected
by management, additional inventory write-downs may be required.

Accounts Receivable; Allowance for Doubtful Accounts

         We maintain allowances for doubtful accounts for estimated losses
resulting from the inability of our customers to make required payments. If the
financial condition of customers were to deteriorate, resulting in an impairment
of their ability to make payments, additional allowances may be required.

RECENT ACCOUNTING PRONOUNCEMENTS

         SFAS 155, "Accounting for Certain Hybrid Financial Instruments" and
SFAS 156, "Accounting for Servicing of Financial Assets" were recently issued.
SFAS 155 and 156 have no current applicability to us and have no effect on the
financial statements.

ITEM 3.  CONTROLS AND PROCEDURES

         As required by Rule 13a-15 under the Securities Exchange Act of 1934,
as of December 31, 2005, the end of the period covered by this quarterly report,
our management concluded its evaluation of the effectiveness of the design and
operation of our disclosure controls and procedures. Disclosure controls and
procedures are controls and procedures designed to reasonably assure that
information required to be disclosed in our reports filed under the Securities
Exchange Act of 1934, such as this annual report, is recorded, processed,
summarized and reported within the time periods prescribed by SEC rules and
regulations, and to reasonably assure that such information is accumulated and
communicated to our management, including our Chief Executive Officer, to allow
timely decisions regarding required disclosure.

         Our management, including our Chief Executive Officer, does not expect
that our disclosure controls and procedures will prevent all error and all
fraud. A control system, no matter how well designed and operated, can provide
only reasonable, not absolute, assurance that the control system's objectives
will be met. Further, the design of a control system must reflect the fact that
there are resource constraints, and the benefits of controls must be considered
relative to their costs. Because of the inherent limitations in all control
systems, no evaluation of controls can provide absolute assurance that all
control issues and instances of fraud, if any, have been detected. These
inherent limitations include the realities that judgments in decision-making can
be faulty, and that breakdowns can occur because of simple error or mistake. 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.

         As of the evaluation date, our Chief Executive Officer concluded that
we maintain disclosure controls and procedures that are effective in providing
reasonable assurance that information required to be disclosed in our reports
under the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported within the time periods prescribed by SEC rules and regulations, and
that such information is accumulated and communicated to our management,
including the Chief Executive Officer, to allow timely decisions regarding
required disclosure.

                                       18
<PAGE>

                           PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

None.

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

         In June 2006 we sold an aggregate of 800,000 shares of our common stock
to two accredited investors in private transactions exempt from registration
under the Securities Act of 1933 in reliance on the exemption provided by
Section 4(2) of that act. We received proceeds of $40,000 in these transactions
and did not pay a commission on the sales.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

None.

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

None.

ITEM 5.  OTHER INFORMATION.

AGREEMENT WITH SHARK DEFENSE

         In August 2006 we entered into an agreement with SYVAX, Inc. DBA Shark
Defense ("Shark Defense") related to our continuing activities in the research,
development and testing of a shark-repellent sunscreen formulation. Previously,
in April 2006 we had entered into a research agreement with that company for the
evaluation of the behavior of sharks in the presence of our sunscreen
formulations which contain Shark Defense's semiochemical shark repellent. Under
the terms of the August 2006 agreement, Shark Defense will assist us in the
preparation and filing of a provisional patent application for a shark-repellent
sunscreen formulation, experimental design and testing and technical support. As
compensation we issued Shark Defense 500,000 shares of our common stock, valued
at $30,000, which such expense will be recognized in the third quarter of fiscal
2006. We agreed to include those shares in a registration statement we intend to
file with the SEC so as to permit the public resale thereof. The transaction was
exempt from registration under the Securities Act of 1933 in reliance on an
exemption provided by Section 4(2) of that act and the recipient of the shares
was a sophisticated investor and acquired the shares for investment purposes
only, and not with a view towards distribution or resale except in compliance
with applicable securities laws.

GRANTING OF OPTIONS TO EMPLOYEES

         In April 2005 we granted three employees options to purchase an
aggregate of 1,500,000 shares of common stock at an exercise price of $0.07 per
share under our 2006 Equity Compensation Plan as additional compensation for
their services. On April 25, 2006 these employees exercised these options and
delivered to us demand promissory notes, each in the amount of $35,000, bearing
interest at 7% per annum as payment for the option exercise prices.

                                       19
<PAGE>

TERMINATION OF CONSULTING AGREEMENT

         On April 1, 2006 we entered into a six month agreement with Oceanic
Consulting, LLC to provide investor relations for our company. As compensation
for its services we sold the consultant a total of 2,000,000 shares of common
stock at a price of $200. On July 14, 2006 the agreement was mutually terminated
and Oceanic Consulting, LLC returned the 2,000,000 shares to us which have been
cancelled and return to the status of authorized but unissued shares.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

Exhibit No.                        Description

31.1     Rule 13a-14(a)/15d-14(a) certification of Chief Executive Officer

31.2     Rule 13a-14(a)/15d-14(a) certificate of principal financial officer

32.1     Section 1350 certification of Chief Executive Officer and principal
         accounting officer


                                   SIGNATURES

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

                                        Teeka Tan Products, Inc.

                                        By: /s/ Brian John
                                            --------------
                                            Brian John, Chief Executive Officer,
                                            principal executive officer and
                                            principal accounting officer

Dated:  August 14, 2006

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