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UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-KSB



(Mark
One)

þ
ANNUAL REPORT UNDER SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For
the fiscal year ended 6/30/2006

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

For
the transition period from ______________ to________________

Commission
file number 000-50898





_____________INverso
Corp._____________

(Name
of Small Business Issuer in its charter)



|Delaware                                                          | 34-1996527                             
|----------------------------------------------------------------- | ---------------------------------------
|(State
			or other jurisdiction of incorporation or organization) | (I.R.S.
			Employer Identification No.)
|4201
			Massachusetts Ave NW #8037C, Washington, DC               | 20016                                  
|(Address
			of principal executive offices)                       | (Zip
			Code)                          

Issuer’s
telephone number (202 )_364-8395_________________________



Securities
registered under Section 12(b) of the Act:

|Title
			of each class | Name
			of each exchange on which
			to
			be so registered each class is to be registered
|---------------------- | ------------------------------------------------------------------------------------------
|N/A                    | N/A                                                                                       



Securities
registered under Section 12(g) of the Act:



____Common
Stock $0.000001 par value____

(Title
of class)



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.þ Yes ̈ No



Persons
who respond to the collection of information contained in this form
are not required to respond unless the form displays a currently
valid OMB control number.



Check
if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B is not contained in this form, and no
disclosure will be contained, to the best of registrant’s
knowledge, in definitive proxy or information statements incorporated
by reference in Part III of this Form 10-KSB or any amendment to this
Form 10-KSB.þ

State
issuer’s revenues for its most recent fiscal year. $0

State
the aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which
the common equity was sold, or the average bid and asked price of
such common equity, as of a specified date within the past 60 days.
(See definition of affiliate in Rule 12b-2 of the Exchange Act.)

Note:
If determining whether a person is an affiliate will involve an
unreasonable effort and expense, the issuer may calculate the
aggregate market value of the common equity held by non-affiliates on
the basis of reasonable assumptions, if the assumptions are stated.

The
aggregate market value of shares of voting common stock held by
nonaffiliates of the Registrant is approximately $0 on June 30, 2006.

There
were 22,000,000 shares of the Registrant’s common stock
outstanding as of June 30, 2006.

Table
	of Contents


Part I 3 Forward Looking
	Statements 3 Item 1.
	Description of Business. 3 Item 2.
	Description of Property. 5 Item 3. Legal
	Proceedings. 5 PART II 5 Item 1. Market for
	Common Equity and Related Stockholder Matters. 5 Item 6.
	Management’s Discussion and Analysis or Plan of Operation. 6 Off-balance sheet
	arrangements 9 Item 7. Financial
	Statements. 9 Item 8. Changes in
	and Disagreements with Accountants on Accounting and Financial
	Disclosure. 17 Item 8A. Controls
	and Procedures. 17 Evaluation of
	Disclosure Controls and Procedures 17 Changes in
	Internal Controls 18 Item 8B. Other
	Information. 18 PART III 18 Item 9. Directors
	and Executive Officers of the Registrant and Compliance with Section
	16(a) of the Exchange Act. 18 Section 16(a)
	Beneficial Ownership Reporting Compliance 19 Code of Ethics 19 Audit Committee
	Financial Expert 19 Item 10. Executive
	Compensation. 19 Item 11. Security
	Ownership of Certain Beneficial Owners and Management. 20 Item 12. Certain
	Relationships and Related Transactions. 20 Item 13. Exhibits
	and Reports on Form 8-K. 21 (a) Exhibits: 21 (b) Reports on
	Form 8-K 21 Item 14. Principal
	Accountant Fees and Services. 22 Audit and
	Non-Audit Fees 22 SIGNATURES 22


Part
	I Forward Looking Statements In this filing references to "INverso," "we,"
	"us," and "our" refer to INverso Corp. of
	Delaware. This Form 10-QSB contains certain forward-looking statements. For
	this purpose any statements contained in this Form 10-QSB that are
	not statements of historical fact may be deemed to be
	forward-looking statements. Without limiting the foregoing, words
	such as "may," "will," "expect,"
	"believe," "anticipate," "estimate" or
	"continue" or comparable terminology are intended to
	identify forward-looking statements. By their nature these
	statements involve substantial risks and uncertainties, and actual
	results may differ materially depending on a variety of factors,
	many of which are not within our control. These factors include but
	are not limited to economic conditions generally and in the
	industries in which we may participate; competition within our
	chosen industry, including competition from much larger competitors;
	technological advances and failure by us to successfully develop
	business relationships or consummate a business transaction, as
	defined below. Item 1. Description of Business. INverso was incorporated on May 28, 2004 in the State of Delaware
	to engage in any lawful activity under the laws of Delaware. Due to
	an error in the transmission of the incorporation documents, the
	actual incorporation in Delaware occurred on October 6, 2004.
	Between these two dates we operated as a de facto
	corporation. We are a development stage company, whose activities to
	date have been limited to the organization of the company, the
	filing of this registration statement and activities incidental
	thereto. We have not conducted any research, development or other
	business, and have not been involved in any bankruptcy, receivership
	or similar proceeding, or any material reclassification, merger,
	consolidation, or purchase or sale of assets. We have offered no
	products or services, and have never owned any patents, trademarks,
	licenses, franchises, concessions, royalty agreements, labor
	contracts or other intellectual or intangible property. For these
	reasons we have incurred net operating losses which will increase
	continuously until we can consummate a Business Transaction that is
	profitable. There is no assurance that we will be able to identify a
	profitable opportunity and consummate a Business Transaction. We are a “blank check” company, also often referred
	to as a “shell” company, whose purpose is to engage in a
	reverse merger transaction with a private company, acquire assets or
	engage into other yet unspecified business or businesses (a
	“Business Transaction”). The term ”reverse merger”
	refers to a transaction where a private company seeks public listing
	and becomes a publicly traded company. The private company
	shareholders gain control of the public company by merging it in
	with their private company. Typically, the private company
	shareholders receive the majority of the shares of the public
	company (normally 85% to 95%) and the original public shareholders
	retain the remaining shares, and the combined entity may change its
	name to that of the private company. Officers and directors may be
	appointed or elected by the formerly private company's shareholders. We will attempt to locate and negotiate with such a company. A
	Business Transaction is likely take one of several forms. If we
	consummate a reverse merger, it is likely to be a: Stock for stock exchange: we would exchange stock in our
		company for ownership interests the private company;Merger; orStock for asset exchange: we would exchange stock in our
		company for the assets of a privately held company. However, to
		trade the new shares of the combined public company it must first
		register the shares with the SEC. Other Business Transactions could take one of the following
	forms, without limitation: Purchase of assets;joint venture;franchise agreements;licensing agreement. We anticipate that such a reorganization will be tax free under
	the Internal Revenue Code (“IRC”). We believe that there are numerous firms seeking the perceived
	benefits of a fully reporting public company. Such perceived
	benefits may include facilitating or improving the terms on which
	additional financing may be sought. Relative to a private
	enterprise, a public company may more successful in attracting
	potential investors and investment banking firms for the purposes of
	raising additional funds. The consummation of a Business Transaction will dilute the
	holdings of our existing shareholders. We expect that our existing
	shareholders will hold only a small fraction of the equity of
	INverso or its successor after a Business Transaction. There is no assurance that we will be able to find a private
	company to merge with. We have not identified any potential
	acquirers and will not be able to establish a marketing organization
	for ourselves. Even if we do find a potential acquirer, there is no
	guaranty that ultimately the negotiations will lead to a Business
	Transaction. The market for “blank check” companies is highly
	competitive and many well-funded and experienced organizations,
	including venture capital funds broker/dealers and investment banks,
	are offering similar businesses for sale. We are at a disadvantage
	when competing with these offerings. The Securities and Exchange Commission, as well as many states,
	has issued rules and regulations governing the activities of “blank
	check” companies such as us. This includes limitations on the
	issuance, sale, transfer and re-sale of our securities. Relevant
	thereto, Mr. Serge Atlan and Mr. Thomas Kirchner, our principal
	shareholders, have expressed an intention not to sell their
	respective shares until we have consummated a Business Transaction,
	and we are no longer classified as a "blank check"
	company. To ensure that any state laws are not violated through the
	resale of our securities, we will refuse to register the transfer of
	any of our securities to residents of any state which prohibits such
	resale if no exemption is available for such resales. We do not
	anticipate that a secondary trading market for our securities will
	develop in any state until subsequent to consummation of a Business
	Transaction, if at all. We do not expect to be affected by environmental regulations
	prior to the completion of a Business Transaction. We have filed a registration statement on a voluntary basis,
	pursuant to section 12(g) of the Securities Exchange Act of 1934
	(the "Exchange Act"), in order to ensure that public
	information is readily accessible to all shareholders and potential
	investors, and to increase our access to financial markets. We have
	not made, and are not planning to make, an offering of “blank
	check” securities. We do not intend to undertake any offering
	of our securities, either debt or equity, until such time as we have
	successfully implemented our business plan, as described herein. Item 2. Description of Property. We do not own any property and do not maintain an office or other
	property. We currently maintain a mailing address at c/o Thomas Kirchner,
	4201 Massachusetts Avenue N.W., Washington, DC 20016. We pay no rent
	for the use of this mailing address. We do not believe that it will
	need to maintain an office at any time in the foreseeable future in
	order to carry out our plan of operations described herein and in
	our registration statement. Item 3. Legal Proceedings. We are not and have never been party to legal proceedings, and
	have no knowledge of any indication or threat of legal action. We
	are not aware of any proceedings contemplated by a government
	authority. PART II Item 1. Market for Common Equity and Related
	Stockholder Matters. There is no public trading market for our securities at this time
	and there is no assurance that a regular trading market will
	develop, or if developed, will be sustained. We have not applied for
	a listing on any public trading exchange. Following a Business
	Transaction we intend to apply for a listing of our stock on NASDAQ,
	if it meets the listing requirements, or if it does not meet the
	requirements, for inclusion in the over-the-counter market on the
	so-called “Pink Sheets” or the “OTC Bulletin
	Board.” Our Common Stock is currently held by two owners of record. We do
	not anticipate transactions in our stock prior to the consummation
	of a Business Transaction. We have never paid any dividends and do not anticipate doing so
	prior to consummating a Business Transaction. There is no guaranty
	that we will be able to pay dividends subsequent to the consummation
	of a Business Transaction. As we do not have any employees, we do not intend to issue
	securities under equity compensation plans and will not register any
	securities pursuant to such a plan prior to consummating a Business
	Transaction. Under regulations proposed by the SEC our future
	ability to issue securities under an equity compensation plan could
	be restricted for a period of time immediately following the
	consummation of a Business Transaction. Item 6. Management’s Discussion and
	Analysis or Plan of Operation. We have no operations or revenues. Our management has held
	discussions with several parties about engaging in a Business
	Transaction. On July 6, 2006, subsequent to the period covered by
	this report, our management signed a Share Exchange Agreement with
	Hydrogenesis, Inc. of Illinois (the “Hydrogenesis
	Transaction”), under which the owner of Hydrogenesis, Inc.
	will at closing own 85% of the issued and outstanding shares of
	common stock of Inverso. The Share Exchange Agreement is scheduled
	to close within 65 days of its signing. There is no guarantee that
	the Share Exchange Agreement will close, or that it will close on
	the terms outlined herein. Hydrogenesis, Inc. was organized to facilitate financing for
	bioreactor/hydrogen plants as well as funding for the development of
	other promising alternative energy sources. Hydrogenesis, Inc. has
	nominal assets only and it is expected that INverso Corp will remain
	a development stage company until additional funds can be raised. In the event that the Hydrogenesis Transaction does not close, we
	will continue to search for other opportunities and Business
	Transactions. Our management may enter into confidentiality
	agreements that may preclude them from disclosing the existence of
	specific discussions until the signing of a letter of intent or
	definitive agreement. In the event that the Hydrogenesis Transaction does not close,
	our business plan for the next twelve months is to continue to seek,
	investigate and, if such investigation warrants, acquire an interest
	in a business entity which desires to seek the perceived advantages
	of a corporation which has a class of securities registered under
	the Exchange Act. We will not restrict our search to any specific
	business, industry, or geographical location and we may participate
	in a business venture of virtually any kind or nature. Our
	management has unrestricted discretion in seeking and participating
	in a Business Transaction, subject to the availability of such
	opportunities, economic conditions and other factors. Management may
	acquire or participate in a Business Transaction based on the
	decision of management which will, in all probability, act without
	consent, vote, or approval of our shareholders. We do not and will not have any capital to attract the owners of
	Business Transactions who desire significant cash or other assets.
	However, we believe that the opportunity to acquire a controlling
	ownership interest in a publicly registered company may attract a
	private companies for several reasons: lower cost, shorter timeframe and less dilution than going
		public through an IPO;use of public equity for future acquisitions;higher prestige and better public visibility;compliance with a requirement for admission to quotation on
		the NASD OTC Bulletin Board or on the Nasdaq SmallCap Market;easier capital raising and borrowing from banks or other
		financial institutions;employees may find compensation through stock or options
		more attractive if their employer is a public company;better ability to transfer stock or other securities; in the case of foreign companies: entry into the U.S.
		securities markets, enhanced credibility with U.S. customers,
		easier mergers or acquisitions in the U.S.; facilitation of succession or retirement planning for
		owner/managers. There are also several disadvantages for private companies from
	going public through a merger with us: no aftermarket support through underwriters;no capital raised;increased regulation;requirement for audited financial statements;required publication of corporate information;required filings of periodic reports with the SEC. Some of the above disadvantages are general aspects of public
	companies are not specifically linked to going public through a
	reverse merger. We believe that our plan of operations will be conducted through
	the efforts of Serge Atlan and Thomas Kirchner, and will not require
	any additional funds. It is anticipated that Mr. Atlan and Mr.
	Kirchner will furnish us with Business Transaction candidates. We
	may or may not use any notices, advertisements or third parties in
	our search for Business Transactions. Our management will also
	investigate specific Business Transactions and negotiate, draft and
	execute relevant agreements, disclosure documents and other
	instruments. We may engage broker/dealers, including Atlantic
	Republic Securities Corp. which is owned by Mr. Serge Atlan, or
	investment banking firms to introduce us to candidates for Business
	Transactions. The selection of a Business Transaction in which to participate
	is complex and extremely risky and will be made by management in the
	exercise of its business judgment. We have not conducted any
	research to verify the existence of demand for our business plan.
	There is no assurance that we will be able to identify and acquire
	any Business Transaction which will ultimately prove to be
	beneficial to us and our shareholders. Prior to making a decision about participation in a Business
	Transaction, we plan to obtain written materials regarding the
	Business Transaction including, without limitation, a description of
	products, services and company history; management resumes;
	financial information; available projections with related
	assumptions; evidence of existing patents, trademarks or service
	marks or rights thereto; present and proposed forms of compensation
	to management; a description of transactions between the prospective
	entity and our affiliates during relevant periods; a description of
	present and required facilities; an analysis of risk and competitive
	conditions; and other relevant information. In many instances,
	however, we anticipate that the historical operations of a specific
	Business Transaction may not necessarily be indicative of the
	potential for the future because of the possible need to shift
	marketing approaches substantially, expand significantly, change
	product emphasis, change or substantially augment management, or
	make other changes. We will be dependent upon the owners of a
	Business Transaction to identify any such problems which may exist
	and to implement, or be primarily responsible for the implementation
	of, required changes. If a Business Transaction other than the Hydrogenesis Transaction
	were to be consummated, it would involve typically the transfer of a
	controlling interest in INverso to such company or its controlling
	shareholders. Management of INverso would most likely vest with the
	management of of the other company, and our current management,
	officers and directors are unlikely to be involved with INverso's
	management after a Business Transaction. Our shareholders will in
	all likelihood hold a substantially lesser percentage ownership
	interest in INverso following any Business Transaction. The legal structure or method deemed by management to be suitable
	will be selected based upon our review and our relative negotiating
	strength. Such structure may include, but is not limited to, leases,
	purchase and sale agreements, licenses, joint ventures and other
	contractual arrangements. We will participate in a Business
	Transaction only after the negotiation and execution of appropriate
	agreements. Although the terms of such agreements cannot be
	predicted, generally such agreements will require certain
	representations and warranties of the parties thereto, will specify
	certain events of default, will detail the terms of closing and the
	conditions which must be satisfied by the parties prior to and after
	such closing and will include miscellaneous other terms. We are classified as a 'blank check' company under rules of the
	SEC and certain states. Under these regulations the public sale of
	securities of blank check companies is limited. We will not make any
	efforts to cause a market to develop in our securities until such
	time as we have successfully implemented our business plan and
	INverso is no longer classified as a blank check company. We
	anticipate that additional securities may be registered and issued
	subsequent to a Business Transaction. The issuance of substantial
	additional securities and their potential sale into any trading
	market which may develop in our securities may have a depressive
	effect on the future value of our securities, if such a market
	develops, of which there is no assurance. The completion of any
	Business Transaction may result in a significant dilution to our
	present stockholders. We currently have no employees. Our management expects to confer
	with consultants, attorneys and accountants as necessary. We do not
	anticipate a need to engage any full-time employees so long as we
	are seeking and evaluating Business Transactions. We will determine
	the need for employees based upon the specific Business Transaction.
	The amount of time spent by Messrs. Atlan and Kirchner on the
	activities of INverso is not predictable. Such time may vary widely
	from an extensive amount when reviewing a target company and
	effecting a Business Transaction to an essentially quiet time when
	activities of management focus elsewhere. It is not possible to
	predict the amount of time that will be required to spend to review
	a suitable target company. Messrs. Atlan and Kirchner will not
	perform any services on behalf of INverso until after the effective
	date of this registration statement and will provide their services
	thereafter without charge or repayment by INverso. We will not
	borrow any funds to make any payments to our management, its
	affiliates or associates. Upon consummation of a Business
	Transaction the number of employees may increase, depending on the
	nature and size of the Business Transaction. Since inception, we have had no revenues or sales and primarily
	financed our operations through the sale of our common stock and
	loans. We believe that our current cash needs can be met by loans
	from our directors, officers and shareholders for at least the next
	twelve months. However, if we obtain a Business Transaction, it may
	be necessary to raise additional capital. This may be accomplished
	by selling our common stock. Our management intends to actively seek
	Business Transactions during the next twelve months. Off-balance sheet arrangements We currently have no off-balance sheet contracts or other
	off-balance sheet arrangements. Item 7. Financial Statements. Pollard-Kelley Auditing Services,
	Inc...................................................................... Auditing Services 3250 West
	Market St, Suite 307, Fairlawn, OH 44333 330-864-2265     Report of
	Independent Registered Public Accounting Firm   Board of
	Directors INverso
	Corp. ( A
	Development Stage Company) We have
	audited the accompanying balance sheets of INverso Corp.(a
	Development Stage Company) as of June 30, 2006 and 2005, and the
	related statements of income, changes in shareholders’ equity,
	and cash flows for the years ended June 30, 2006 and 2005, and the
	period May 28, 2004 (date of inception) through June 30, 2006. These
	financial statements are the responsibility of the Company’s
	management. Our responsibility is to express an opinion on these
	financial statements based on our audits.  We conduct
	our audits in accordance with the standards of the Public Company
	Accounting Oversight Board (United States). Those standards require
	that we plan and perform the audit to obtain reasonable assurance
	about whether the financial statements are free of material
	misstatement. An audit includes examining on a test basis, evidence
	supporting the amounts and disclosures in the financial statements.
	An audit also includes assessing the accounting principles used and
	significant estimates made by management, as well as evaluating the
	overall financial statement presentation. We believe that our audits
	provide a reasonable basis for our opinion.  The Company
	has not generated significant revenues or profits to date. This
	factor, among others, may indicate that the Company may be unable to
	continue as a going concern. The Company’s continuation as a
	going concern depends upon its ability to generate sufficient cash
	flow to conduct its operations and its ability to obtain additional
	sources of capital and financing. The accompanying financial
	statements do not include any adjustments that might result from the
	outcome of this uncertainty.  In our
	opinion, the financial statements referred to above present fairly,
	in all material respects, the financial position of the Company at
	June 30, 2006 and 2005, and the results of its operations, changes
	in shareholders’ equity, and its cash flows for the year ended
	June 30, 2006and 2005, and the period May 28, 2004 (date of
	inception) through June 30, 2006,. in conformity with U.S. generally
	accepted accounting standards.  Pollard-Kelley
	Auditing Services, Inc.  /S/
	Pollard-Kelley Auditing Services, Inc.  Fairlawn,
	Ohio August 31,
	2006 INVERSO CORP.A
	DEVELOPMENT STAGE COMPANYBALANCE SHEETJUNE 30, 2006 ASSETS CURRENT
				ASSETS:
			June 30, 2006
			June 30, 2005
			June 30, 2004CASH
			$ 100
			$ 100
			$ 100TOTAL CURRENT ASSETS
			100
			100
			100TOAL ASSETS:
			$ 100
			$ 100
			$ 100 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT
				LIABILITIES:ACCOUNTS PAYABLE
			$ 0
			$ 1,000
			$0TOTAL CURRENT LIABILITIES
			0
			1,000
			0LONG-TERM
				DEBT, NET OF CURRENT PORTION:LOAN FROM SHAREHOLDERS
			3,114
			1,614
			1,244TOTAL LONG-TERM DEBT, NET OF CURRENT PORTION
			3,114
			1,614
			1,244STOCKHOLDERS' EQUITY:COMMON STOCK, $0.000001 PAR VALUE; AUTHORIZED
				100,000,000 SHARES; ISSUED AND OUTSTANDING: 22,000,000 SHARES
				@.000001
			22
			22
			0PAID-IN CAPITAL
			78
			78
			100ACCUMULATED DEFICIT DURINGDEVELOPMENT STAGE
			(3,114)
			(2,614)
			(1,244)TOTAL STOCKHOLDERS' EQUITY
			(3,014)
			(2,514)
			(1,144)EARNINGS PER SHARE:NET LOSS OF -500, -1,370 AND -1,244; 22,000,000
				WEIGHTED AVERAGE NUMBER OFCOMMON SHARES OUTSTANDING
			(500)
			(1,370)
			(1,244)BASIC LOSS PER COMMON SHARE
			$(0.000023)
			$(0.000062)
			$(0.000057)TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
			$ 100
			$ 100
			$ 100 SEE ACCOMPANYING NOTES AND AUDITOR'S REPORT INVERSO CORP.A
	DEVELOPMENT STAGE COMPANYSTATEMENT OF INCOMEYEARS ENDED JUNE
	30, 2006, JUNE 30, 2005AND PERIOD MAY 28, 2004 (DATE OF
	INCEPTION) THROUGH JUNE 30, 2004 REVENUE
			Twelve months through 6/30/2006
			Twelve months through 6/30/2005
			Inception through 6/30/2004INCOME
			0
			0
			0TOTAL REVENUE
			0
			0
			0COST OF SALES
			0
			0
			0TOTAL COST OF SALES
			0
			0
			0GROSS PROFIT
			0
			0
			0EXPENSESACCOUNTING
			500
			1,260
			1,000AUDIT
			0
			0
			0CORPORATE SEAL
			0
			0
			0DUES AND SUBSCRIPTIONS
			0
			50
			114FRANCHISE TAX
			0
			0
			0INCORPORATION
			0
			0
			0POSTAGE
			0
			0
			2PRINTING AND REPRODUCTION
			0
			0
			3STOCK CERTIFICATE
			0
			0
			0TAX
			0
			60
			125TOTAL EXPENSES
			500
			1,370
			1,244NET INCOME
			(500)
			(1,370)
			(1,244)CUMULATIVE
				REVENUES SINCE INCEPTION
			0CUMULATIVE
				EXPENSES SINCE INCEPTION
			3,114  SEE ACCOMPANYING NOTES AND AUDITOR'S REPORT    INVERSO CORP.A DEVELOPMENT STAGE
	COMPANYSTATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY   Balance
				May 28, 2004
			Common
				stockShares
			Amount
			Paid
				In Capital
			Retained
				Earnings
			TotalSale
				of Common Stock
			22,000,000
			22
			78
			
			100Loss
				for Period
			
			
			
			(1,244)
			(1,244)Balance
				June 30, 2004
			22,000,000
			22
			78
			(1,244)
			(1,144)Loss
				for Period
			
			
			
			(1,370)Balance
				June 30, 2005
			22,000,000
			22
			78
			(2,614)
			(2,514)Loss
				for Period
			
			
			
			(500)Balance June 30, 2006
			22,000,000
			22
			78
			(3,114)
			(3,114)                 SEE ACCOMPANYING NOTES AND AUDITOR'S REPORT INVERSO
	CORP.A DEVELOPMENT STAGE COMPANYAUDITED
	STATEMENT OF CASH FLOWSYEARS ENDED JUNE 30, 2006, JUNE 30,
	2005AND PERIOD MAY 28, 2004 (DATE OF INCEPTION) THROUGH JUNE 30,
	2004 Twelve
				months through 6/30/2006
			Twelve
				months through 6/30/2005
			Inception
				through 6/30/2004CASH FLOW FROM
				OPERATING ACTIVITIESNET INCOME
			(500)
			(1,370)
			(1,244)ADJUSTMENTS TO RECONCILE
				NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIESACCOUNTS PAYABLE
			0
			0
			0TOTAL ADJUSTMENTS
			0
			0
			0NET CASH PROVIDED BY
				OPERATIONS
			(500)
			(1,370)
			(1,244)CASH FLOW FROM
				INVESTING ACTIVITIESUSED FOR
			0
			0
			0NET CASH USED IN
				INVESTING
			0
			0
			0CASH FLOWS USED IN
				FINANCING ACTIVITIESPROCEEDS FROM:SHAREHOLDER'S LOAN
			500
			1,370
			1,244COMMON STOCK
			0
			0
			100USED FOR:SHAREHOLDER'S LOAN
			0
			0
			0COMMON STOCK
			0
			0
			0NET CASH PROVIDED BY
				FINANCING
			500
			1,370
			1,344NET INCREASE (DECREASE)
				IN CASH
			0
			0
			100SUMMARYCASH BALANCE AT END OF
				PERIOD
			100
			100
			100CASH BALANCE AT BEGINNING
				OF PERIOD
			0
			0
			0NET INCREASE (DECREASE)
				IN CASH
			0
			0
			100CUMULATIVE
				INFLOWS OF CASH SINCE INCEPTION
			100
			100
			100CUMULATIVE
				OUTFLOWS OF CASH SINCE INCEPTION
			0
			0
			0 SEE ACCOMPANYING NOTES AND AUDITOR'S
	REPORT INverso Corp.(A
	Development Stage Company)Notes to Audited Financial Statements
	for the year ended June 30th, 2006 NOTE 1. Summary of significant Business and Accounting
	Policies a. Organization The Company started operating as a blank check company
	on May 28, 2004. On October 6, 2004, INverso Corp. (the “Company”)
	became a corporation by filing with the Delaware Secretary of State.
	The intent of the Company is to be a “blank check”
	company, or also referred to as a “shell” company. We
	shall be considered to be in the development stage because no
	business operations have commenced, and there has been no revenue.
	We believe that we will remain a development stage company until
	such time as significant revenues have been generated, which is not
	expected to happen until after we complete a Business Transaction. b. Cash As of the Date of the Audit, the Company has one bank
	account. Inventory As of the Date of the Audit, the Company has no
	Inventory. Property and Equipment As of the Date of the Audit, the Company has no
	Property and Equipment. e. Current Liabilities As of the Date of the Audit, the Company
	has no Current Liabilities. f. Long Term Liabilities The Company's Long Term Liability of Shareholder's
	Loan represents the money loaned by the Shareholders to the Company
	for the start-up costs of the corporation. This loan is non-interest
	bearing. The Company's shareholders made payments on behalf of the
	Company for operating expenses and we are not obligated to reimburse
	them for these expenses. g. Loss Per Share Loss per share amounts are based on the weighted
	average shares outstanding of 22,000,000 as of June 30, 2006,
	22,000,000 as of June 30, 2005 and 22,000,000 as of June 30, 2004. h. Reclassification Reclassification of expenses and liabilities occurred
	at the data entry level due to the categories set up by the
	Shareholder's who submitted the information. It has no effect on the
	balance of any one total account. NOTE 2. Capitalization The Company has authorized the issuance of 100,000,000
	shares of common stock having $0.000001 par value. Of those
	authorized, 22,000,000 have been issued and are outstanding. NOTE 3. Statement of Income As of the Date of the Audit, the Company has no
	Revenue or Cost of Sales. The expenses incurred as of the Date of
	the Audit are the start-up costs of the Company. NOTE 4. As of the Date of the Audit, the only activity
	affection the Statement of Cash Flows were the start-up costs
	incurring the negative Net Income and the purchase of the Common
	Stock by the Shareholders giving the cash balance at the end of the
	period, as well as the ongoing costs of operating the blank check
	company. There are no payments for interest and income items. NOTE 6. Going Concern Due to the development stage of the Company and the
	substantial dependence on the success of a particular project, a
	“reverse merger”, the Company's chances for survival
	depend solely on the success of that “reverse merger”. NOTE 7. Management Plans and Intentions (Unaudited) As a “blank check” or “shell”
	company filing a Form 10-SB, the Company anticipates to engage in a
	reverse merger transaction with a private company, acquire assets or
	engage into other yet unspecified business or businesses. The term
	“reverse merger” refers to a transaction where a private
	company seeks public listing and becomes a publicly traded company. Item 8. Changes in and Disagreements with
	Accountants on Accounting and Financial Disclosure. Item 8A. Controls and Procedures. Evaluation of Disclosure Controls and Procedures Based on his evaluation of our disclosure controls and
	procedures, conducted as of a date within ninety (90) days prior to
	the filing date of this report on Form 10-KSB (the “Evaluation
	Date”), Messrs Atlan and Kirchner, our principal executive and
	financial officers, have concluded that they are the only
	individuals involved in INverso’s disclosure process. We have
	no formal procedures in place for processing and assembling
	information to be disclosed in our periodic reports. Our system is
	designed so that information is retained by us and relayed to our
	accountants. Our principal executive officers and principal
	financial officer believe that as of the end of the period being
	reported, the our disclosure controls and procedures are effective
	to ensure that information required to be disclosed by us in the
	reports that we file or submit under the Exchange Act is recorded,
	processed, summarized and reported, within the required time
	periods. Further, we believe that, given its size and status as a
	blank check company with no operations, an extensive disclosure
	controls and procedures system is not necessary. At such time that a
	business transaction is consummated, our management will reevaluate
	the disclosure controls and procedures. Changes in Internal Controls No significant changes in our internal controls or in other
	factors that could significantly affect these controls following the
	Evaluation Date came to management’s attention. Item 8B. Other Information. Subsequent Events: Entry Into Definitive Material Agreement INverso Corp. and Hydrogenesis, Inc. of Illinois have signed a
	Share Exchange Agreement on July 6, 2006, under which the owner of
	Hydrogenesis, Inc. will at closing own 85% of  the issued and
	outstanding shares of common stock  of Inverso.   The Share Exchange
	Agreement is scheduled to close within 65 days of its signing. There
	is no guarantee that the Share Exchange Agreement will close, or
	that it will close on the terms outlined herein. Hydrogenesis, Inc. was organized to  facilitate financing for
	bioreactor/hydrogen plants as well as funding for the development of
	other promising alternative energy sources. Hydrogenesis, Inc. has
	nominal assets only and it is expected that INverso Corp will remain
	a development stage company until additional funds can be raised. Hydrogenesis, Inc. is a company founded by Randall S. Goulding,
	Managing Director of The Nutmeg Group, LLC and by Dr. Harvey
	Altholtz, Principal, Wealth Strategy Partners. Mr. Goulding is a
	certified public accountant and an attorney. The agreement was originally valid for a duration of 65 days from
	signing. By the mutual consent of Inverso and Hydrogenesis, Inc.,
	the agreement was extended prior to expiration. At the time of
	filing of this report on form 10-KSB, we anticipate that closing
	will occur by the end of the month of September 2006. There can be
	no guarantee that the Share Exchange Agreement will close, or that
	it will close on the terms outlined herein. PART III Item 9. Directors and Executive Officers of
	the Registrant and Compliance with Section 16(a) of the Exchange
	Act. The following information with respect to the principal
	occupation or employment of each director and executive officer and
	in regard to other affiliations and business experience during the
	past five years, has been furnished to us by the respective
	directors. The table below sets forth the names, ages, positions and terms
	of office of our officers and directors. Name
			Age
			Position
			TermSerge Atlan
			48
			Director
			Through May 2007Thomas Kirchner
			37
			Director
			Through May 2007 Mr. Serge Atlan has served as Chairman of our Board of Directors
	and director since INverso's inception. He is also the owner and
	principal of Atlantic Republic Investment Company and its subsidiary
	Atlantic Republic Securities Corp., a broker/dealer based in
	Westport, Connecticut that has been registered with the National
	Association of Securities Dealers and the Securities and Exchange
	Commission since 1992. Atlantic Republic Securities Corp. has not
	carried customer funds for several years nor does it currently have
	any intention of doing so in the foreseeable future. It has not
	participated in firm commitments, underwritings or private
	placements It has only traded equities for its own account for
	several years. Since March 1998, Mr. Serge Atlan has also been the
	founder and co-founder of various private ventures such as NetItrust
	Inc., Secretseal Inc., Yconcept Inc., Via Directory Inc., and
	BriteSmart Corp., all of those companies are or were technology
	related companies. In the aggregate, Mr. Atlan spends less than 10%
	of his time on the management of those companies. Mr. Thomas Kirchner has served as a director of INverso since its
	inception. He is simultaneously president and portfolio manager of
	the Pennsylvania Avenue Funds, a mutual fund registered with the
	SEC, and also acts as the principal of Pennsylvania Avenue Advisers
	LLC, an SEC-registered transfer agent, EDGAR filing agent and
	investment adviser. From 1999 until 2004 he was retained by Fannie
	Mae as a financial engineer. As president of the Pennsylvania Avenue
	Funds, he serves on the board of trustees of that issuer. There are no family relationships between our directors. Mssrs.
	Atlan and Kirchner jointly own the website
	www.corporate-insiders.com, an EDGAR filing solution provider. They
	have agreed to waive usage fees if we utilize this website from time
	to time to submit filings to the EDGAR system, at least until we
	consummate a Business Transaction. Since May 2004 they have been
	also shareholders and directors of FalconTarget, Inc. During the last five years, none of our directors, persons
	nominated to become a director, executive officers, promoters or
	control persons has been involved in: (1) Any bankruptcy petition filed by or against any business of
	which such person was a general partner or executive officer either
	at the time of the bankruptcy or within two years prior to that
	time; (2) Any conviction in a criminal proceeding or being subject to a
	pending criminal proceeding (excluding traffic violations and other
	minor offenses); (3) Any order, judgment, or decree, not subsequently reversed,
	suspended or vacated, of any court of competent jurisdiction,
	permanently or temporarily enjoining, barring, suspending or
	otherwise limiting his involvement in any type of business,
	securities or banking activities; and (4) Being found by a court of competent jurisdiction (in a civil
	action), the Commission or the Commodity Futures Trading Commission
	to have violated a federal or state securities or commodities law,
	and the judgment has not been reversed, suspended, or vacated. Section 16(a) Beneficial Ownership Reporting
	Compliance Section 16(a) of the Exchange Act requires the Company’s
	officers and directors and persons who own 10% or more of a
	registered class of the Company’s equity securities to file
	reports of ownership and changes in ownership on Forms 3, 4 and 5
	with the SEC. Officers, directors and 10% or greater stockholders
	are required by SEC regulations to furnish the Company with copies
	of all Forms 3, 4 and 5 they file. Based solely on our review of the copies of such forms, we
	believe that our two directors, officers and stockholders complied
	with all filing requirements applicable to them with respect to
	transactions during the fiscal year ended June 30, 2006. Code of Ethics We have not yet adopted a code of ethics that applies to our
	principal executive officer, principal financial officer, principal
	accounting officer or controller, or persons performing similar
	functions. Our directors have chosen not to adopt such a code of
	ethics at this time because they are also our executive officer and
	chairman, and we have no other employees. Audit Committee Financial Expert We do not have an audit committee financial expert or an audit
	committee, because, in the opinion of our directors, our operations
	and finances are simple enough during the development stage to be
	understood fully by both directors. Item 10. Executive Compensation. Our executive officers and directors do not receive any
	compensation for their services rendered to us, have not received
	such compensation in the past, and are not accruing any compensation
	pursuant to any agreement with us. Annual Compensation
			Long-Term CompensationAwards
			PayoutsYear
			Salary
			Bonus
			Other Annual Compensation
			Restricted Stock Award(s)
			Securities Underlying Options/ SARs
			LTIP Payouts (1)
			All Other CompensationSerge Atlan
			2004
			$0
			$0
			$0
			-
			-
			$0
			$02005
			$0
			$0
			$0
			-
			-
			$0
			$0Thomas Kirchner
			2004
			$0
			$0
			$0
			-
			-
			$0
			$02005
			$0
			$0
			$0
			-
			-
			$0
			$0 (1) Includes securities, underlying options, and SARs. Our officers and director will not receive any finder’s
	fee, either directly or indirectly, as a result of his efforts to
	implement our business plan. We have adopted no retirement, pension, profit sharing, stock
	option or insurance programs or other similar programs for the
	benefit of our employees, but the Board of Directors may recommend
	adoption of one or more such programs in the future. Item 11. Security Ownership of Certain
	Beneficial Owners and Management. As of June 30, 2006, there were 22,000,000 shares of beneficial
	ownership in INverso outstanding. The following table sets forth the
	beneficial owners of 5% of our securities as well as ownership by
	managers, officers and directors. Beneficial ownership is determined
	in accordance with the rules of the SEC and generally includes
	voting or investment power with respect to securities. Title of Class
			Name and Address of Beneficial Owner
			Amount and Nature of Beneficial Owner
			Percent of ClassCommon Stock
			Serge Atlan 320 Plaza RealBoca Raton, FL 33432
			11,000,000
			50%Common Stock
			Thomas Kirchner 4201 Massachusetts Ave NW Washington, DC
				20016
			11,000,000
			50%Common Stock
			All Directors and Officers as a Group
			22,000,000
			100%  Item 12. Certain Relationships and Related
	Transactions. In order to allow us to maintain our liquidity, our directors,
	who are our controlling shareholders, have paid certain expenses
	related to our operations and have not yet requested reimbursement
	for these expenses. Mr. Serge Atlan is the principal of Atlantic Republic Securities
	Corp, which may search for Business Transactions on behalf of
	INverso. Mr. Thomas Kirchner is the principal and owner of Pennsylvania
	Avenue Advisers LLC, which acts as transfer agent for our
	securities. Mr. Kirchner acts as attorney-in-fact for INverso Corp.
	Pursuant to the agreement between us and Pennsylvania Avenue
	Advisers LLC, transfer agent services are provided without charge
	until we consummate a Business Transaction. Item 13. Exhibits and Reports on Form 8-K. The following documents are filed as part of this report: (a) Exhibits: Number
			Description2.1
			Certificate of Incorporation (*)2.1
			By-Laws (**)6.1
			Indemnification Serge Atlan (**)6.2
			Indemnification Thomas Kirchner (**)6.3
			Transfer agent agreement (**)10
			Consent of Pollard-Kelley Auditing Services31.1
			Certification Serge Atlan31.2
			Certification Thomas Kirchner32.1
			Section 906 Certification Serge Atlan32.2
			Section 906 Certification Thomas Kirchner * Incorporated by reference to the Company’s Form 8-K,
	Current Report, filed with the SEC on November 1, 2004. ** Incorporated by reference to the Company’s Form 10-SB,
	Registration of Securities under Section 12(g) of the Exchange Act,
	filed with the SEC on August 10, 2004. (b) Reports on Form 8-K The Registrant did not file any Reports on Form 8-K during the
	fourth quarter of fiscal year 2005. On July 7, 2006, we filed a report on Form 8-K announcing the
	signing of a Share Exchange Agreement with Hydrogenesis, Inc. of
	Illinois. The agreement is described above under Item 6.
	Management’s Discussion and Analysis or Plan of Operation. Item 14. Principal Accountant Fees and
	Services. Audit and Non-Audit Fees Aggregate fees for professional services rendered for INverso by
	Pollard-Kelley Auditing Services, Inc. for the year ended June 30,
	2006 are set forth below. The aggregate fees included in the Audit
	category are fees billed for the fiscal years for the audit of the
	Company’s annual financial statements and review of financial
	statements and statutory and regulatory filings or engagements. The
	aggregate fees included in each of the other categories are fees
	billed during the year. 2005Audit fees
			$2,250Audit-related fees
			$0Tax fees
			$0Total
			$2,250  Audit Fees for the year ended June 30, 2006 were for professional
	services rendered for the audits of the financial statements of
	INverso, consents, and other assistance required to complete the
	year-end audit of the financial statements. There were no Audit-Related Fees and no Tax Fees or fees that
	were classified as All Other Fees as of the fiscal year ended June
	30, 2006. As we do not have a formal audit committee, we do not have audit
	committee pre-approval policies and procedures; however, the
	directors approved all of the audit-related, tax and all other fees. SIGNATURES In accordance with Section 12 of the Securities Exchange Act of
	1934, the Registrant caused this registration statement to be signed
	on its behalf by the undersigned thereunto duly authorized. INverso Corp.  By: __/s/ SERGE ATLAN___________________ Date: September 21, 2006 Serge Atlan, Chairman and Director  By: __/s/ THOMAS KIRCHNER_________________ Date: September 21, 2006 Thomas Kirchner, Chief Executive
	Officer and Director