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, 2003 (   )	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT For the transition period from ______________ to ______________ Commission File Number 333-107915 FOLIX TECHNOLOGIES, INC.(Name of small business issuer in its charter) NEVADA
			(State of incorporation or organization)
		88-0507007
			(IRS Identification No.) 205-1072 Davie Street
Vancouver, British Columbia
Canada, V6E 1M3(Address of principal executive offices) (604) 669-9029(Issuer’s telephone number) N/A(Issuer’s former address)


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

6,699,542 shares of issuer’s common stock, $.001 par value, were
outstanding at December 31, 2003.  Issuer has no other class of
common equity.

Transitional Small Business Disclosure Format (Check One)	Yes

NoX

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PART I.  FINANCIAL INFORMATION


Item 1.  Financial Statements.

Folix Technologies, Inc.
(A Development Stage Company)
December 31, 2003

Index

Balance Sheet	F–1
Statement of Operations	F–2
Statement of Cash Flows	F–3
Notes to the Financial Statements	F–4

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Folix Technologies, Inc.
(A Development Stage Company)
Balance Sheet
(expressed in U.S. dollars)

|                                                                                                                                                                     | December 31,
				2003
				$
				(unaudited) |  | March 31,
				2003
				$
				(audited)
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------- |  | --------------------------------------
|Assets                                                                                                                                                               |                                             |  |                                       
|Current Assets                                                                                                                                                       |                                             |  |                                       
|Cash                                                                                                                                                                 | 837                                         |  | 87                                    
|Amount due from affiliate (Note 4(d))                                                                                                                                | –                                           |  | 64                                    
|Deposits                                                                                                                                                             | 797                                         |  | 32                                    
|Total Assets                                                                                                                                                         | 1,634                                       |  | 183                                   
|                                                                                                                                                                     |                                             |  |                                       
|Liabilities and Stockholders’ Equity (Deficit)                                                                                                                       |                                             |  |                                       
|Current Liabilities                                                                                                                                                  |                                             |  |                                       
|Accrued liabilities                                                                                                                                                  | 2,750                                       |  | 3,000                                 
|Due to director (Note 4(a))                                                                                                                                          | 1,053                                       |  | 636                                   
|Due to a shareholder (Note 4(b))                                                                                                                                     | 2,400                                       |  | 100                                   
|Amount due to affiliate (Note 4(d))                                                                                                                                  | 228                                         |  | –                                     
|Total Liabilities                                                                                                                                                    | 6,431                                       |  | 3,736                                 
|Commitments (Note 1)                                                                                                                                                 |                                             |  |                                       
|                                                                                                                                                                     |                                             |  |                                       
|Stockholders’
				Equity (Deficit)                                                                                                                                   |                                             |  |                                       
|Common
				Stock, 50,000,000 common shares authorized with a par value of
				$0.001, 6,699,542 and 6,636,000 common shares issued and
				outstanding, respectively | 6,699                                       |  | 6,636                                 
|Additional Paid in Capital                                                                                                                                           | 12,645                                      |  | –                                     
|Deficit Accumulated During the Development Stage                                                                                                                     | (24,141)                                    |  | (10,189)                              
|Total
				Stockholders’ Equity (Deficit)                                                                                                                             | (4,797)                                     |  | (3,553)                               
|Total Liabilities and Stockholders’ Equity (Deficit)                                                                                                                 | 1,634                                       |  | 183                                   

F-1
(The accompanying notes are an integral part of the financial statements)


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Folix Technologies, Inc.
(A Development Stage Company)
Statement of Operations
(expressed in U.S. dollars)
(unaudited)

|                                        | Three Months
				Ended
				December 31,
				2003
				$ | Three Months
				Ended
				December 31,
				2002
				$ | Nine Months
				Ended
				December 31,
				2003
				$ | Nine Months
				Ended
				December 31,
				2002
				$ | From
				December 13,
				2000
				(Date of Inception)
				to December 31, 2003
				$
|--------------------------------------- | ------------------------------------------------------ | ------------------------------------------------------ | ----------------------------------------------------- | ----------------------------------------------------- | -------------------------------------------------------------------------------------
|                                        |                                                        |                                                        |                                                       |                                                       |                                                                                      
|Revenue                                 | –                                                      | –                                                      | –                                                     | –                                                     | –                                                                                    
|                                        |                                                        |                                                        |                                                       |                                                       |                                                                                      
|Expenses                                |                                                        |                                                        |                                                       |                                                       |                                                                                      
|Accounting and audit                    | 2,700                                                  | 250                                                    | 4,650                                                 | 750                                                   | 7,650                                                                                
|Bank charges                            | 39                                                     | –                                                      | 203                                                   | 25                                                    | 275                                                                                  
|Consulting (Note 4(c))                  | –                                                      | –                                                      | 1,200                                                 | –                                                     | 5,200                                                                                
|Filing and regulatory fees              | 547                                                    | –                                                      | 1,707                                                 | –                                                     | 1,707                                                                                
|Foreign exchange                        | 11                                                     | 10                                                     | 99                                                    | 20                                                    | 174                                                                                  
|Legal                                   | 2,453                                                  | –                                                      | 5,373                                                 | –                                                     | 5,373                                                                                
|Office and telephone                    | 339                                                    | 100                                                    | 720                                                   | 200                                                   | 1,245                                                                                
|Organizational                          | –                                                      | –                                                      | –                                                     | –                                                     | 970                                                                                  
|Travel and promotion                    | –                                                      | –                                                      | –                                                     | –                                                     | 167                                                                                  
|Write-off of assets                     | –                                                      | –                                                      | –                                                     | –                                                     | 1,380                                                                                
|                                        | 6,089                                                  | 360                                                    | 13,952                                                | 995                                                   | 24,141                                                                               
|Net
				Loss for the Period             | (6,089)                                                | (360)                                                  | (13,952)                                              | (995)                                                 | (24,141)                                                                             
|                                        |                                                        |                                                        |                                                       |                                                       |                                                                                      
|Net
				Loss Per Share                  | (0.001)                                                | –                                                      | (0.002)                                               | –                                                     |                                                                                      
|                                        |                                                        |                                                        |                                                       |                                                       |                                                                                      
|Weighted
				Average Shares Outstanding | 6,699,000                                              | 6,636,000                                              | 6,670,000                                             | 6,636,000                                             |                                                                                      



(Diluted loss per share has not been presented
as the result is anti-dilutive)

F-2
(The accompanying notes are an integral part of the financial statements)


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Folix Technologies, Inc.
(A Development Stage Company)
Statement of Cash Flows
(expressed in U.S. dollars)
(unaudited)



|                                                                                |  | Nine Months
				Ended
				December 31,
				2003
				$ |  | Nine Months
				Ended
				December 31,
				2002
				$
|------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | -----------------------------------------------------
|Cash Flows to Operating Activities                                              |  |                                                       |  |                                                      
|Net loss for the period                                                         |  | (13,952)                                              |  | (995)                                                
|Change in operating assets and liabilities                                      |  |                                                       |  |                                                      
|Decrease (increase) in amount owing from
				related party                      |  | 64                                                    |  | (64)                                                 
|(Increase) in deposit                                                           |  | (765)                                                 |  | –                                                    
|(Decrease) increase in accrued liabilities                                      |  | (250)                                                 |  | 750                                                  
|Increase in amounts due to director                                             |  | 417                                                   |  | 227                                                  
|Increase in amounts due to shareholder                                          |  | –                                                     |  | 75                                                   
|Increase in amount owing to affiliate                                           |  | 228                                                   |  | –                                                    
|Net Cash Used in Operating Activities                                           |  | (14,258)                                              |  | (7)                                                  
|Cash Flows from Financing Activities                                            |  |                                                       |  |                                                      
|Issuance of common stock for cash                                               |  | 5,000                                                 |  | –                                                    
|Proceeds from related party loans                                               |  | 10,008                                                |  | –                                                    
|Net Cash Provided by Financing Activities                                       |  | 15,008                                                |  | –                                                    
|Increase (decrease) in cash                                                     |  | 750                                                   |  | (7)                                                  
|Cash – beginning of period                                                      |  | 87                                                    |  | 68                                                   
|Cash – end of period                                                            |  | 837                                                   |  | 61                                                   
|                                                                                |  |                                                       |  |                                                      
|Non-Cash Financing Activities                                                   |  |                                                       |  |                                                      
|Issuance of common shares for settlement of
				related party loans (Note 3(b)) |  | 7,708                                                 |  | –                                                    
|                                                                                |  |                                                       |  |                                                      
|Supplemental Disclosures                                                        |  |                                                       |  |                                                      
|Interest paid                                                                   |  | –                                                     |  | –                                                    
|Income tax paid                                                                 |  | –                                                     |  | –                                                    

F-3
(The accompanying notes are an integral part of the financial statements)


---

Folix Technologies, Inc.
(A Development Stage Company)
Notes to the Financial Statements
December 31, 2003
(expressed in U.S. dollars)



1. Development
	Stage Company

Folix
Technologies Inc. (the “Company”) was incorporated in the
State of Nevada, U.S.A. on December 13, 2000 and is based in
Vancouver, B.C., Canada.

The
Company's principal business is the development of a Linux based
application server and thin client computing systems. The
Company is in the early development stage where management devotes
most of its activities in developing a market for its products and
services. Planned principal activities have not yet begun. The
ability of the Company to emerge from the development stage with
respect to any planned principal business activity is dependent upon
its successful efforts to raise additional equity financing and/or
attain profitable operations. There is no guarantee that the Company
will be able to raise any equity financing or sell any of its
products and services at a profit. During the period since inception
on December 13, 2000 to December 31, 2003, the Company has incurred
operating losses aggregating $24,141. At December 31, 2003 the
Company has a working capital deficiency and stockholders’
deficit of $4,797. There is substantial doubt regarding the Company’s
ability to continue as a going concern.

1. Summary
	of Significant Accounting Policies

1. Basis of
	Presentation

The Company
has not produced any revenues from its principal business and is a
development stage company as defined by Statement of Financial
Accounting Standard (“SFAS”) No. 7.

1. Use of
	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 periods. Actual
results could differ from those estimates.

1. Year End

The
Company’s fiscal year end is March 31.

1. Cash and
	Cash Equivalents

The Company
considers all highly liquid instruments with a maturity of three
months or less at the time of issuance to be cash equivalents.

1. Foreign
	Currency Translation

The
Company’s functional and reporting currency is the United
States dollar. The financial statements of the Company are translated
to United States dollars in accordance with SFAS No. 52 “Foreign
Currency Translation”. Monetary assets and liabilities
denominated in foreign currencies are translated using the exchange
rate prevailing at the balance sheet date. Gains and losses arising
on translation or settlement of foreign currency denominated
transactions or balances are included in the determination of income.
Foreign currency transactions are primarily undertaken in Canadian
dollars. The Company has not, to the date of these financials
statements, entered into derivative instruments to offset the impact
of foreign currency fluctuations.

1. Stock-Based
	Compensation

The Company
has adopted SFAS No. 123 “Accounting for Stock Based
Compensation” which requires that stock awards granted to
employees and non-employees are recognized as compensation expense
based on the fair market value of the goods or services received
whichever is more reliably measurable. The Company does not have a
stock option plan and has not issued stock options since its
inception.

F-4


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Folix Technologies, Inc.
(A Development Stage Company)
Notes to the Financial Statements
December 31, 2003
(expressed in U.S. dollars)

1. Summary of
	Significant Accounting Policies (continued)

1. Basic
	and Diluted Net Income (Loss) Per Share

The Company
computes net income (loss) per share in accordance with SFAS No. 128,
"Earnings per Share" (SFAS 128). SFAS 128 requires
presentation of both basic and diluted earnings per share (EPS) on
the face of the income statement. Basic EPS is computed by dividing
net income (loss) available to common shareholders (numerator) by the
weighted average number of shares outstanding (denominator) during
the period. Diluted EPS gives effect to all dilutive potential common
shares outstanding during the period including stock options, using
the treasury stock method, and convertible preferred stock, using the
if-converted method. In computing Diluted EPS, the average stock
price for the period is used in determining the number of shares
assumed to be purchased from the exercise of stock options or
warrants. Diluted EPS excludes all dilutive potential shares if their
effect is anti dilutive.

1. Interim
	Financial Statements

The
interim unaudited financial statements for the nine months ended
December 31, 2003 and 2002 have been
prepared on the same basis as the annual financial statements and in
the opinion of management, reflect all adjustments, which include
only normal recurring adjustments, necessary to present fairly the
Company’s financial position, results of operations and cash
flows for the periods shown. The results of operations for such
periods are not necessarily indicative of the results expected for a
full year or for any future period.

1. Financial
	Instruments

Financial
instruments, which include cash and equivalents, deposit, accrued
liabilities, and due to (from) a director, shareholder, and affiliate
were estimated to approximate their carrying values due to the
immediate or short-term maturity of these financial instruments. The
Company’s operations are in Canada and virtually all of its
assets and liabilities are giving rise to significant exposure to
market risks from changes in foreign currency rates. The financial
risk is the risk to the Company’s operations that arise from
fluctuations in foreign exchange rates and the degree of volatility
of these rates. Currently, the Company does not use derivative
instruments to reduce its exposure to foreign currency risk.

1. Comprehensive
	Loss

SFAS
No. 130, “Reporting Comprehensive Income,” establishes
standards for the reporting and display of comprehensive loss and its
components in the financial statements. As of December 31,
2003 the Company has no items that represent comprehensive loss and,
therefore, has not included a schedule of comprehensive loss in the
financial statements.

1. Recent
	Accounting Pronouncements

In May 2003,
the Financial Accounting Standards Board (“FASB”) issued
SFAS No. 150, “Accounting for Certain Financial Instruments
with Characteristics of both Liabilities and Equity”. SFAS No.
150 establishes standards for how an issuer classifies and measures
certain financial instruments with characteristics of both
liabilities and equity. It requires that an issuer classify a
financial instrument that is within its scope as a liability (or an
asset in some circumstances). The requirements of SFAS No. 150 apply
to issuers’ classification and measurement of freestanding
financial instruments, including those that comprise more than one
option or forward contract. SFAS No. 150 does not apply to features
that are embedded in a financial instrument that is not a derivative
in its entirety. SFAS No. 150 is effective for financial instruments
entered into or modified after May 31, 2003, and otherwise is
effective at the beginning of the first interim period beginning
after June 15, 2003, except for mandatory redeemable financial
instruments of non-public entities. It is to be implemented by
reporting the cumulative effect of a change in an accounting
principle for financial instruments created before the issuance date
of SFAS No. 150 and still existing at the beginning of the interim
period of adoption. Restatement is not permitted. The adoption of
this standard did not have a material effect on the Company’s
results of operations or financial position.

F-5


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Folix Technologies, Inc.
(A Development Stage Company)
Notes to the Financial Statements
December 31, 2003
(expressed in U.S. dollars)

1. Summary of
	Significant Accounting Policies (continued)

1. Recent
	Accounting Pronouncements (continued)

In December
2002, FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation – Transition and Disclosure," which amends
SFAS No. 123 to provide alternative methods of transition for a
voluntary change to the fair value based method of accounting for
stock-based employee compensation. In addition, SFAS No. 148 expands
the disclosure requirements of SFAS No. 123 to require more prominent
disclosures in both annual and interim financial statements about the
method of accounting for stock-based employee compensation and the
effect of the method used on reported results. The transition
provisions of SFAS No. 148 are effective for fiscal years ended after
December 15, 2002. The transition provisions do not currently have an
impact on the Company’s financial position and results of
operations as the Company has not elected to adopt SFAS No. 123’s
fair value based method of accounting for stock based employee
compensation. The disclosure provisions of SFAS No. 148 are effective
for financial statements for interim periods beginning after
December 15, 2002. The transition provisions do not have an
impact on the Company’s financial position and results of
operations as the Company currently has no stock-based compensation.
In June
2003, FASB issued SFAS No. 146, “Accounting for Costs
Associated with Exit or Disposal Activities”. The provisions of
this Statement are effective for exit or disposal activities that are
initiated after March 31, 2003, with early application encouraged.
This Statement addresses financial accounting and reporting for costs
associated with exit or disposal activities and nullifies Emerging
Issues Task Force (EITF) Issue No. 94-3, “Liability Recognition
for Certain Employee Termination Benefits and Other Costs to Exit an
Activity (including Certain Costs Incurred in a Restructuring)”.
This Statement requires that a liability for a cost associated with
an exit or disposal activity be recognized when the liability is
incurred. The Company adopted SFAS No. 146 on April 1, 2003. The
effect of adoption of this standard on the Company’s results of
operations and financial position was not material.
FASB has
also issued SFAS No. 145 and 147 but they do not have any
relationship to the operations of the Company therefore a description
of each and their respective impact on the Company’s operations
have not been disclosed.

1. Common
	Shares

1. On April 7,
	2003 the Company issued 25,000 shares of its common stock at $0.20
	per share for total proceeds of $5,000 under Regulation S.
2. During the
	quarter ended September 30, 2003 the Company issued 38,542 common
	shares to settle shareholder loans of $7,708. The loans were
	converted to common shares at a price of $0.20 per common share.

1. Related
	Party Transactions/Balances

1. Due
	to director

The amount
due to a director represents expenses paid on behalf of the Company.
The amount due is non-interest bearing, unsecured and has no specific
terms of repayment.

1. Due
	to a shareholder

During the
three and nine month periods ended December 31, 2003 a shareholder
advanced funds of $2,400 and $10,008 to the Company, respectively.
The amount due was non-interest bearing, unsecured and had no
specific terms of repayment.

F-6


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Folix Technologies, Inc.
(A Development Stage Company)
Notes to the Financial Statements
December 31, 2003
(expressed in U.S. dollars)

1. Related
	Party Transactions/Balances (continued)

1. Transactions
	with director

During the
nine month period ended December 31, 2003, the Company was charged a
total of $1,200 for consulting services performed by the sole
director of the Company.

1. Due to/from
	affiliated company

In June
2002, the Company advanced $64 to a related company controlled by the
sole director. The non-interest bearing amount was repaid to the
Company in June 2003. During the nine month period ended December 31,
2003, this same related company advanced $228 to the Company. This
amount is non interest bearing, unsecured and has no specific
terms of repayment.

F-7


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Item 2.  Management's Discussion and
Analysis.

Forward
Looking Statements

The information in this quarterly report
contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”). These forward-looking statements involve risks and
uncertainties, including statements regardingthe
Company's capital needs, business
strategy and expectations. Any statements contained herein that are
not statements of historical facts may be deemed to be
forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as “may”,
“will”, “should”, “expect”,
“plan”, “intend”, “anticipate”,
“believe”, “estimate”,
“predict”, “potential” or
“continue”, the negative of such terms or other
comparable terminology. Actual events or results may differ
materially. In evaluating these statements, you should consider
various factors, including the risks outlined from time to time, in
other reports Folix Technologies, Inc. (the “Company”)
files with the Securities and Exchange Commission (the “SEC”).
These factors may causethe Company's
actual results to differ materially from any forward-looking
statement.The Companydisclaims any obligation to publicly update these statements, or
disclose any difference between its actual results and those
reflected in these statements. The information constitutes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.

As used in this quarterly report, the terms
“we”, “us”, “our”,
and “our company”
mean Folix Technologies, Inc., unless otherwise indicated.

General

Folix Technologies, Inc. is a corporation formed
under the laws of the State of Nevada on December 13, 2000 whose
principal executive offices are located in Vancouver, British
Columbia, Canada. We are a high technology development stage company
engaged in the development of an initial product.

Our
initial product is a client-server system that can run computer
programs from a centralized server on a user terminal. The primary
benefits to our future customers is that we offer a system that can
be centrally managed and in some cases we can offer software
applications for low cost. We build our products using a new method
of software development called Open Source Software. Open Source
Software has been a very successful phenomenon since it allows a
community of users with a common need to share the cost of developing
software and not to be held hostage by a single vendor of computer
programs. In short, the use of Open Source Software in our products
allows us to dramatically reduce our research and development
expenditures. Our products will contain commodity computer hardware
components that run Open Source Software. This will allow us to offer
reliable systems to future customers at reasonable prices.

On
December 16, 2003 we engaged Holladay Stock Transfer Inc. of
Scottsdale, Arizona to be our transfer agent.  On December 19, 2003
we were informed by our securities counsel, Christoper J. Moran Jr.
that our prospectus filed on Form SB-2/A on December 15, 2003 was
declared effective by the SEC. Our Initial Public Offering will
remain open until June 15, 2004.

---

Plan of Operations

Our
business plan is to proceed with the development of our initial
product so it can be sold. Development of our initial product is
expected to cost us $20,000 for computer hardware plus an additional
$68,000 in consulting fees. We expect that over the next twelve
months the consulting fees will be broken down as follows:

|Consultant                                                 | Anticipated
				Fees in next 12 months
|---------------------------------------------------------- | --------------------------------------
|Mr.
				Corcoran - Project Management and Development Work | $24,000                               
|Consultant
				1 – Central Server Build System             | $16,000                               
|Consultant
				2 – Thin Client Boot System                 | $16,000                               
|Consultant
				3 – Testing and Quality Assurance           | $12,000                               



In
order to fulfill our obligations of our Business Plan Purchase
Agreement we are required to raise at least $100,000 towards
financing our Open Source Software business plan. We had only $837 in
cash reserves as of December 31, 2003 and are thus reliant on selling
shares of our Initial Public Offering (“IPO”)
in order to meet our contractual obligations of the Business Plan
Purchase Agreement.

While we
are waiting the completion of our IPO, our president will be devoting
approximately 10 hours per week of his time to our business. We do
not foresee this limited involvement as negatively impacting our
company while the IPO process is being conducted. After we have
completed our IPO, Mr. Corcoran will devote 30 hours per week to
develop our products and manage consultants. If however, the demands
of our business require more time from Mr. Corcoran, he is prepared
to adjust his timetable to devote more time to our business. However,
Mr. Corcoran may not be able to devote sufficient time to the
management of our business, as and when needed. In the case that we
only succeed in raising nominal funds from our IPO which are below
$100,000 we expect that Mr. Corcoran shall work ten hours a week
until additional funds are raised.

We are
planning to pay Mr. Corcoran $2,000 per month for project management
and development services only if we are successful in raising a
minimum of $100,000 and we do not plan to reimburse him for past
services. This amount and any future compensation will not require
approval of a majority of votes of disinterested, non-affiliated
shareholders.

We
anticipate that we will make an asset purchase of computer hardware
worth $20,000 in the next twelve months. These assets are easily
available for purchase through a number of vendors. Additionally, we
anticipate that we will incur expenses of $80,000 in the next twelve
months for operating expenses. Of this amount we plan to spend
$12,000 on legal, accounting and our reporting obligations and
approximately $68,000 in consulting fees to develop our products. We
expect to engage software development consultants known by our
director as required and providing they are affordable.

We do not
plan on hiring any full-time or part-time employees in the next
twelve months as we expect to use consultants or service providers
for all required services.  If we
are able to raise a minimum of $100,000 then at the end of the
twelve-month period we expect to complete the development of our
initial product so that it can be sold.

---

Results of Operations for Period Ended
December 31, 2003

We
have not earned any revenue since inception at December 13, 2000 to
December 31, 2003 and we
do not expect to do so until our initial product has been developed.
We are presently in the development stage of our business.

As
at December 31, 2003 we had $837 in cash reserves, deposits of $797
with our legal counsel and we have incurred expenses of $24,141 for
the period from inception at December 13, 2000 to December 31, 2003.
These expenses include:

1. Accounting
	and audit fees of $7,650;
2. Legal
	fees of $5,373;
3. Payments
	of $5,200 to our director for our business plan and consulting
	services;
4. Filing
	and regulatory fees of $1,707; and
5. General
	operating expenses which included incorporation fees, write-offs,
	bank charges, foreign exchange losses, office and telephone charges,
	and travel and promotion of $4,211.



During the
first nine months ended December 31, 2003, we had a net loss of
$13,952 as compared to a net loss of $995 for the same period last
year.  For the three months ended December 31, 2003, we had a net
loss of $6,089 as compared to a net loss of $360 for the same period
last year.  Since our inception, on December 31, 2003, we have
experienced a net loss of $24,141.

Liquidity
and Capital Resources

With the SEC declaring our Form SB-2 effective
on December 19, 2003 management believes that we will have sufficient
cash via equity subscriptions or director loans to meet the
anticipated needs of our operations through at least the end of
calendar year for 2004. However, there can be no assurances to that
effect, as we have no revenues and our need for capital could change
if we fail to meet our contractual obligations of our Business Plan
Purchase Agreement.  As of December 31, 2003 we had very limited
financial resources which has delayed completion of our initial
prototype product.  Without realization of additional capital, it
will be unlikely for us to continue as a going concern.  We will
initiate our Initial Public Offering during our quarter ended March
31, 2004.  We have yet to raise any funds through this Initial Public
Offering and there are no assurances that sufficient financing can be
obtained.  Our management expects to have a much better understanding
of our financial outlook by March 31, 2004 as our President conducts
the Initial Public Offering over our next quarter.

Risks
and Uncertainties

We are subject to all the risks inherent to a
development stage company in the computer products industry.  These
risks include, but are not limited to, a limited operating history,
dependency on key personnel, limited resources, possible failure of
our research and development efforts, failure to complete adequate
financings and failure to meet contractual obligations.  Our
operating results may be materially affected by the foregoing
factors.

---

Item 3.  Controls and Procedures.

As required by Rule 13a-15 under the Securities
Exchange Act of 1934 (the “Exchange Act”), we
carried out an evaluation of the effectiveness of the design and
operation of our disclosure controls and procedures as of December31, 2003, being the date of our most
recently completed fiscal quarter. This evaluation was carried out
under the supervision and with the participation of our Chief
Executive Officer and Chief Financial Officer, Mr. GregCorcoran. Based upon that evaluation, our
Chief Executive Officer and Chief Financial Officer concluded that
our disclosure controls and procedures are effective in timely
alerting management to material information relating to us required
to be included in our periodic SEC filings. There have been no
significant changes in our internal controls or in other factors that
could significantly affect internal controls subsequent to the date
we carried out our evaluation.

Disclosure controls and procedures are controls
and other procedures that are designed to ensure that information
required to be disclosed our reports filed or submitted under the
Exchange Act is recorded, processed, summarized and reported, within
the time periods specified in the Securities and Exchange
Commission's rules and forms. Disclosure controls and procedures
include, without limitation, controls and procedures designed to
ensure that information required to be disclosed in our reports filed
under the Exchange Act is accumulated and communicated to management,
including our Chief Executive Officer and Chief Financial Officer, to
allow timely decisions regarding required disclosure.

During our most recently completed fiscal
quarter ended December31, 2003,
there were no changes in our internal control over financial
reporting that have materially affected, or are reasonably likely to
affect, our internal control over financial reporting.

The term “internal control over
financial reporting” is defined as a process designed by,
or under the supervision of,the
registrant's principal executive and
principal financial officers, or persons performing similar
functions, and effected bythe
registrant's board of directors,
management and other personnel, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with
generally accepted accounting principles and includes those policies
and procedures that:

1. Pertain
	to the maintenance of records that in reasonable detail accurately
	and fairly reflect the transactions and dispositions of the assets
	of the registrant;
2. Provide
	reasonable assurance that transactions are recorded as necessary to
	permit preparation of financial statements in accordance with
	generally accepted accounting principles, and that receipts and
	expenditures of the registrantare being made only in accordance with authorizations of management
	and directors ofthe registrant;
	and
3. Provide
	reasonable assurance regarding prevention or timely detection of
	unauthorized acquisition, use or disposition of the
	registrant's assets that could have a
	material effect on the financial statements.

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PART II - OTHER INFORMATION

Item
1.  Legal Proceedings.

The
Company currently is not a
party to any material legal proceedings and, to the
Company’s knowledge,
no such proceedings are threatened or contemplated.

Item
2.  Changes in Securities.

None.

Item
3.  Default Upon Senior Securities.

None.

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

No
matters were submitted to our security holders for a vote during the
fiscal quarter ended December
31, 2003.

Item
5.  Other Information.

None.

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

1. Exhibits

|Exhibit
				Number | Description
				of Exhibit                                                                                                                                                                   
|------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|31.1               | Certification
				of Chief Executive Officer and Chief Financial Officer pursuant
				to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of
				the Sarbanes-Oxley Act of 2002 (*)
|                   |                                                                                                                                                                                              
|32.1               | Certification
				of Chief Executive Officer and Chief Financial Officer pursuant
				to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
				the Sarbanes-Oxley Act of 2002 (*)

(*) Filed as an Exhibit to this
Quarterly Report on Form 10-QSB

1. Reports on Form 8-K

No
Reports on Form 8-K were filed during the three months ended December
31, 2003.

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SIGNATURES

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

|                         | FOLIX TECHNOLOGIES, INC.
	  (Registrant)              
|------------------------ | ------------------------------------------------------
|                         | By:/s/ G L Corcoran                                   
|Dated:  January 27, 2004 | Gregory Corcoran
	 President and Director, CEO and CFO