UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.20549
FORM 10-QSB
Quarterly report under sections 13 or 15(d) of the Securities Exchange Act of1934
For the quarterly period ended December 31, 2004
Commission File Number:  0-13910
THE FURIA ORGANIZATION, INC.(Exact name of registrant as specified inits charter)
Delaware 
95-3931129
(State or other jurisdiction  (IRS Employer	
of incorporation or organization) 
Identification No.)   
2233 Ridge Road, Suite 102, Rockwall, Texas 
75087
(Address of principal executive offices) 
(Zip Code)

(972) 722-9999(Registrant’s telephone number, including areacode)
5030 Champion Blvd. G6#237 Boca Raton, Florida 33496(Former name,former address and former fiscal year, if changed since last report)
Indicate by check mark whether the Registrant  (1) has filed all reportsrequired to be filed by Sections 13 or 15(d) of the Securities Exchange Actduring the preceding 12 months (or for such shorter period the registrant wasrequired to file such reports) and (2) has been subject to such filingrequirements for the past 90 days.

(1)  Yes  [   ]

No  [X]
 
(2)  Yes  [X]

No  [   ]
 

The number of shares of the Issuer’s Common Stock  $.001 par value issuedand outstanding at December 31, 2004 was 28,742,842****   

PART I  - FINANCIAL INFORMATION
  
Page
 
Item 1.  Financial Statements
 
  Balance Sheet

     December 31, 2004 (unaudited)   

3 
  Statements of Operations -

     Three months ended December 31, 2004 and 2003(unaudited)    

4 
  Statements of Cash Flows -

     Three months ended December 31, 2004 and 2003(unaudited)   

5  
  Notes to Financial Statements

6
**2**   

THE FURIA AND SUBSIDIARYCONDENSED CONSOLIDATED BALANCESHEET(Unaudited) 
December 31, 2004 CURRENT ASSETS	  
  Cash

$
(6,818)
  Prepaid Expenses
  
  Investments
 
64,049 

     Total Current Assets

$ 
57,231 
    PROPERTY AND EQUIPMENT 	  
  net of Accumulated Depreciation & Amortization

$
91,316     OTHER ASSETS	  
  Goodwill

$
19,950 
    TOTAL ASSETS	
$ 
168,497 
    CURRENT LIABILTIES	  
  Loans Payable

$
583,081 
TOTAL LIABILITIES

$
583,081 
   
STOCKHOLDERS’ DEFICIENCY
  
Common Stock - $.001 par value; 200,000,000authorized;  28,742,842 issued and outstanding;;

  $
   28,742 
Preferred Stock par value $.0001 50,000,000 authorized  500,000issued and outstanding
 
    50 
Additional paid-in-capital
 
6,423,245 
Donated Capital
 
14,972 

Accumulated Deficit
 
(6,881,593)
   
TOTAL STOCKHOLDERS’ DEFICIENCY

$ 
(414,584)   
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY

$
168,497 

See notes to unaudited condensed financial statements**3**   

THE FURIA ORGANIZATION, INC.CONDENSED CONSOLIDATED  STATEMENTS OFOPERATIONS(Unaudited)
 
Three Months Ended 
December 31, 2004
 
2004

2003
   
Revenue

$
     6220 

$
      -- 
   
TOTAL REVENUE

$
     6220 

$
      -- 
   
General and administrative expenses

$
  268,849 

$
      -- 
   
NET LOSS

$
  (268,849)

$
      -- 
   
Basic loss per common share

$
  (0.009)
$
  (0.00)   
Weighted average number of common shares outstanding

28,742,842 
43,714,209 

See notes to unaudited condensed financial statements**4**   

THE FURIA ORGANIZATION, INC.STATEMENTS OF CASH FLOWS 
Three Months EndedDecember 31,2004,
 
2004
2003
Cash Flows from Operating Activities:
  
  Net Loss for period

$
(262,629)    
  Net loss for Fronthaul
 
-0-
     Adjusted in this period

$
(12,196)
-0-
  Depreciation & Amortization

$

1,308 

-0-

Net Cash Provided (Used)by Operating Activities

$

(273,517)

-0-
   
Cash Flows Used in Investing Activities
  
  Purchase Property& Equipment

84,144 
-0-
  Purchase Securities

29,994 
-0-
  Goodwill

----------

-0-

Cash Flows used for Investing

$

114,138 

-0-
   
Cash Flows From Financing Activities
  
  Loans payable

$
363,866 
-0-      
Net Increase (Decrease) in Cash
  
  Cash at Beginning

$
16,971  
  Cash at December 31

$

(6,818)
  
       
Net Decrease in Cash

$

(23,789)
 

See notes to unaudited condensed financial statements**5**   

THE FURIA ORGANIZATION AND SUBSIDIARYNOTES TO FINANCIALSTATEMENTSDecember 31, 2004 (unaudited)
**NOTE 1 - BASIS OF PRESENTATION**
The accompanying unaudited condensed consolidated financial statements have beenprepared by the Company in accordance with generally accepted accountingprinciples for interim statements and with the instructions to Form 10-QSB .Theinformation furnished in the interim financial statements include normalrecurring adjustments and reflects all adjustments, which, in the opinion ofmanagement, are necessary for a fair presentation of such financial statementsAlthough management believes the disclosures and information presented areadequate to make the information not misleading, it is suggested  that theseinterim financial statements be read in conjunction with the Company’smost recent audited financial statements and notes thereto included in its June30, 2004 Annual Report on Form 10-KSB.  Operating results for the six monthsended December 31, are not necessarily indicative of the results that may beexpected for the year ending June 30, 2005
**NOTE 2 - BUSINESS AND REVERSE MERGER.**
THE FURIA ORGANIZATION, INC. (the "Company"), was incorporated as Furia, OringerProductions, Inc. under the laws of the State of Delaware on June 26, 1984 forthe purpose of writing and producing film and tape television programs andtheatrical motion pictures. By 1991, the Company had transferred assigned anddisposed of its   entertainment properties. In April 1994, Pat FashionsIndustries, Inc, ("PFI") the Company’s subsidiary and only operatingentity, filed a Petition in Bankruptcy under Chapter 11 seeking thereorganization of PFI. The Chapter 11 was converted to a Chapter 7 Proceedingand PFI was then liquidated. As a result The Furia Organization, Inc had noactive business from 1994 to the date of the acquisition of Fronthaul, Inc onAugust 26, 2004. 
On August 26, 2004, The Furia Organization, Inc. (the "Company") completed theacquisition of Fronthaul, Inc., a privately held Nevada Corporation("Fronthaul") The Company entered into a definitive acquisition agreement withFronthaul and its principal shareholders to acquire all of the capital stock ofFronthaul in exchange for the issuance of common and preferred stock of theCompany.
Fronthaul was incorporated on June 9, 2004. Fronthaul is an Internet-based,business-to-business information exchange, which provides a centralized databaseof freight load information accessible by any enabled wireless device or throughthe Internet. Its objective is to integrate the
existing freight industry players with wireless and Internet technologies,creating a dynamic, real time communication exchange for the transportationindustry.
As a result of the transaction, Fronthaul became a wholly-owned subsidiary ofthe Company. At the closing, an aggregate of 20,000,000 shares of theCompany’s common stock and 500,000 shares of the Company’s preferredstock were authorized for issuance to the shareholders of Fronthaul. The commonstock issued to the shareholders of Fronthaul represent 69.6% of the 28,742,842shares of the Company’s common stock in total outstanding post closing.The preferred stock issued to the Fronthaul shareholders shall be convertible,at the option of the holder, into shares of the Company’s common stock atthe rate of 100 shares of common stock for each share of preferred stock, suchright of conversion shall be based upon the followingformula:**6**   
THE FURIA ORGANIZATION AND SUBSIDIARYNOTES TO FINANCIALSTATEMENTSDecember 31, 2004 (unaudited)

(i)     Upon the Companyachieving revenues of $250,000 within twelve (12) months from the date ofacquisition, an aggregate of 25% of the preferred stock may be converted;

(ii)     Upon the Companyachieving revenues of $500,000 within twelve (12) months from the date ofacquisition, an aggregate of 50% of the preferred stock may be converted;and

(iii)     Upon the Companyachieving revenues of $750,000 within twelve (12) months from the date ofacquisition, an aggregate of 100% of the preferred stock may beconverted.

On the one-year anniversary from the date of acquisition ("Anniversary Date"),should the Company fail to achieve any or all of the revenue thresholds, theCompany shall redeem the unconverted preferred stock at a price of $.50 pershare. Should the Company fail to redeem any or all of the unconverted preferredstock within 30 days from the Anniversary Date, then the shareholder, withoutregards to the revenue requirements set forth above, may, at any timethereafter, convert the preferred stock to common stock as hereinbefore setforth.
**NOTE 3 - GOING CONCERN AND MANAGEMENTS PLANS.**
The accompanying consolidated condensed financial statements are prepared usinggenerally accepted accounting principles applicable to a going concern whichcontemplates the realization of assets and liquidation of liabilities in thenormal course of business. However, the Company does not have significant cashor other material assets, only recently has the company begun to establishsources of revenue sufficient to cover its operating cost and to allow it tocontinue as a going concern. In the quarter ended December 31, 2004, the Companysustained operating losses of approximately $262,000 on limited revenues of$6000. During that three month period received loans from third partiesaggregating approximately $387,000 to pay operating costs.
The Company’s ability to continue as a going-concern is dependent uponobtaining additional financing and the successful completion of its businessplan. The condensed consolidated financial statements do not include anyadjustments that might result from the outcome of this uncertainty. No assurancecan be provided that that then Company will be successful in locating additionalfinancing or successfully fulfilling its business plans, in whole or in part.
**NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
Principles of Consolidation
The condensed  consolidated  financial  statements include the accounts ofFronthaul from the inception of operations  in July, 2004 to December 31, 2004.All significant inter-company balances and transactions have been eliminated inconsolidation.**7**   
THE FURIA ORGANIZATION AND SUBSIDIARYNOTES TO FINANCIALSTATEMENTSDecember 31, 2004 (unaudited)
Use of Estimates
The preparation of consolidated  financial  statements in conformity withaccounting  principles  generally accepted in the United States of Americarequires  management  to make estimates and assumptions  that affect thereported  amounts of assets and  liabilities  and disclosure of contingentassets  and  liabilities  at  the  date  of  the  consolidated   financialstatements  and the reported  amounts of revenues and expenses  during thereporting period. Actual results could differ from those estimates.
Property and Equipment
Property and equipment are recorded at cost.  The costs of additions, leaseholdimprovements and betterments are capitalized and expenditures for repairs andmaintenance are expensed in the period incurred.  When items of property andequipment are sold or retired, the related costs and accumulated depreciationare removed from the accounts and any gain or loss is included in income.  
Revenue Recognition
Revenue recognized by Fronthaul through December 31, 2004 represents revenuefrom miscellaneous sources.  
Income Taxes
The Company was not required to provide for a provision  for income taxes forthe three-month  periods ended December 31, 2004 and 2003, as a result of netoperating losses incurred during those periods.
Loss Per Share

Basic net loss per common share has been computed  based on the weighted averagenumber of shares of common stock  outstanding  during the periods presented.convertible  preferred stock discussed in the notes to the  consolidatedfinancial statements,  were not included in the calculation of the diluted lossper  share  because  their  inclusion  would  have had the  effect of decreasingthe loss per share otherwise computed.
Fair Value of Financial Instruments
The condensed consolidated financial statements include various estimated fairvalue  information  at December 31, 2004 as required by Statement of FinancialAccounting Standards 107,  "Disclosures  about  Fair Value of FinancialInstruments." Such information, which pertains to the Company’s financialinstruments,  is based on the  requirements  set  forth in that Statement anddoes not purport to represent  the aggregate net fair value to the Company.
The following methods and assumptions were used to estimate the fair value ofeach class of  financial  instruments  for which it is  practicable  to estimatethat value.
Investments and Loans Payable:  The carrying amounts approximate fair valuebecause of the short maturity of those instruments.
All of the Company’s financial instruments are held for purposes otherthan trading.**8**   
THE FURIA ORGANIZATION AND SUBSIDIARYNOTES TO FINANCIALSTATEMENTSDecember 31, 2004 (unaudited)
Property and Equipment
Property and equipment consists of the following at December 31, 2004:
Office Equipment, including computers.
**NOTE 5 - LOANS PAYABLE**
Consists of short term advances from friends of the company aggregating$583,071.00.
**NOTE 6 - STOCKHOLDERS’ DEFICIENCY**
Changes in Capital Structure
On July 2, 2004, Stockholders of the Company owning approximately 79% of theissued and outstanding Common Stock of the Company, signed written consents,approving an Amendment to the Certificate of Incorporation of the Company whichreverse split its  outstanding Common Shares one for five and changed the numberof shares of common stock the Company is authorized to issue to 200,000,000 parvalue $.001.  The Amendment to the certificate of Incorporation and the reversesplit of the common shares became effective on August 17, 2004.
Earnings Per Share
Securities that could potentially  dilute basic earnings per share ("EPS") inthe future  that were not  included in the  computation  of diluted EPS becauseto do so would have been  anti-dilutive  for the periods presented consist ofthe following:
Convertible Preferred Stock
In accordance with the terms of the acquisition of Fronthaul the Company issued20,000,000 of its  common stock and 500,000 shares of its  preferred stock tothe shareholders of Fronthaul. The preferred stock issued to the Fronthaulshareholders is  convertible, at the option of the holder, into shares of theCompany’s common stock at the rate of 100 shares of common stock for eachshare of preferred stock, such right of conversion shall be based upon thefollowing formula:

(i)     Upon the Companyachieving revenues of $250,000 within twelve (12) months from the date ofacquisition, an aggregate of 25% of the preferred stock may be converted;

(ii)     Upon the Companyachieving revenues of $500,000 within twelve (12) months from the date ofacquisition, an aggregate of 50% of the preferred stock may be converted;and

(iii)     Upon the Companyachieving revenues of $750,000 within twelve (12) months from the date ofacquisition, an aggregate of 100% of the preferred stock may beconverted.

**9**   
THE FURIA ORGANIZATION AND SUBSIDIARYNOTES TO FINANCIALSTATEMENTSDecember 31, 2004 (unaudited)
On the one-year anniversary from the date of acquisition ("Anniversary Date"),should the Company fail to achieve any or all of the revenue thresholds, theCompany shall redeem the unconverted preferred stock at a price of $.50 pershare. Should the Company fail to redeem any or all of the unconverted preferredstock within 30 days from the Anniversary Date, then the shareholder, withoutregards to the revenue requirements set forth above, may, at any timethereafter, convert the preferred stock to common stock as hereinbefore setforth.
**NOTE 7 - COMMITMENTS AND CONTINGENCIES**
Lease Obligations
Premises:  2233 Ridge Road, Rockwall, Texas 75087, unit 102 BuildingB.  In August 2004, the Company entered into a 12 month lease, with a right torenew for three additional twelve month period.  The annual rent is $ 31,986 andthe condo common monthly charges are $668.
Vehicle 1:  Company leased a 2005 Hummer from JMS Construction, Inc,for a term of 48 months.  Initial payment was $14,150 and the 47 remainingmonthly payments are $601. The Company has the option of acquiring the vehicle,at the end of the term, for $27,932.
Vehicle 2:  Company leased a 2005 Cadillac from GMAC, Inc, for a termof 48 months.  Initial payment was $2,000 and the 47 remaining monthly paymentsare $ 931.48. The Company has the option of acquiring the vehicle, at the end ofthe term, for $18,288.96.
**NOTE 12 -****PROPOSEDACQUISITION**
On September 1, 2004, Fronthaul, in furtherance of its business plan, enteredinto agreements with the shareholders of Loadsource , Inc  to acquire all of theissued and outstanding capital shares of Loadsource, Inc. for the aggregate sumof $ 311,580.  Under the agreement with the shareholders of Loadsource, TheCompany made initial payments to such parties upon the execution of theagreements and is required to make additional payments on the first day ofOctober 2004 through February, 2005.  On March 1, 2005, the balance of thepayments (representing 75% of the purchase price) become due and payable. Uponcompletion of the required payments, the capital shares of Loadsource will betransferred to Fronthaul and the transaction shall be deemed consummated.Through December 31, 2004 an aggregate of $34,055 has been paid, by Fronthaul,to the shareholders of Loadsource against the purchase price for the capitalshares of Loadsource. Should Fronthaul fail to make any of the required paymentsit shall be deemed in default of the agreements.

       **10**   

**ITEM 2:  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIALCONDITION AND RESULTS OF OPERATIONS**
**OVERVIEW**
On August 26, 2004, The Furia Organization, Inc. (the "Company") completed theacquisition of Fronthaul, Inc., a privately held Nevada Corporation("Fronthaul") The Company entered into a definitive acquisition agreement withFronthaul and its principal shareholders to acquire all of the capital stock ofFronthaul in exchange for the issuance of common and preferred stock of theCompany.
Fronthaul was incorporated on June 9, 2004. Fronthaul is an Internet-based,business-to-business information exchange, which provides a centralized databaseof freight load information accessible by any enabled wireless device or throughthe Internet. Its objective is to integrate the existing freight industryplayers with wireless and Internet technologies, creating a dynamic, real timecommunication exchange for the transportation industry.
As a result of the transaction, Fronthaul became a wholly-owned subsidiary ofthe Company. At the closing, an aggregate of 20,000,000 shares of theCompany’s common stock and 500,000 shares of the Company’s preferredstock were issued to the shareholders of Fronthaul.
On September 1, 2004, Fronthaul, in furtherance of its business plan, enteredinto agreements with the shareholders of Loadsource, Inc. to acquire all of theissued and outstanding capital shares of Loadsource, Inc. for the aggregate sumof $ 311,580.  Under the agreement with the shareholders of Loadsource, TheCompany made initial payments to such parties upon the execution of theagreements and is required to make additional payments on the first day ofOctober 2004 through February, 2005.  On March 1, 2005, the balance of thepayments (representing 75% of the purchase price) become due and payable. Uponcompletion of the required payments, the capital shares of Loadsource will betransferred to Fronthaul and the transaction shall be deemed consummated.Through December 31, 2004 an aggregate of $34,055 has been paid, by Fronthaul,to the shareholders of Loadsource against the purchase price for the capitalshares of Loadsource.
Loadsource has developed a network of approximately 2700 broker agents who postshipping loads with them. Loadsource, once the loads are posted with them, isable to assign independent trucker to pick up and deliver such loads.  Theacquisition of Loadsource, in the opinion of management of Fronthaul, willfacilitate the business activities of the company.        
**CRITICAL ACCOUNTING POLICIES AND ESTIMATES**
The preparation of our consolidated financial statements requires us to makeestimates and judgments that affect the reported amounts of assets, liabilities,revenues and expenses and the related disclosures. A summary of those accountingpolicies can be found in the footnotes to the consolidated  financial statementsincluded elsewhere in this report.  Certain of our accounting  policies areconsidered critical as they are both important to the portrayal of our financialcondition and results of operations and require judgments on the part ofmanagement about matters that are uncertain.  We have identified the followingaccounting policies that are  important to the presentation of our financialcondition and results of operations.**11**   

**RESULTS OF OPERATIONS**
The following  discussion relates to the historical  financial statements of TheFuria Organization. and  subsidiary  and should be read in  conjunction  withthe condensed consolidated financial statements and related notes.
**RESULTS OF OPERATIONS - FOR THE THREE MONTHS ENDED DECEMBER 31, 2004 AND2003**
**SELLING, GENERAL AND ADMINISTRATIVE**
Selling, general and administrative expenses were $ 268,849 for the quarterended December 31, 2004, an increase of $ 268,249 over the corresponding periodin 2003.  The increase in selling, general and administrative expenses resultedprimarily from a  change in status from a dormant, inactive, company and theacquisition of Fronthaul, Inc.
**LIQUIDITY AND CAPITAL RESOURCES**
At December 31, 2004, our cash totaled  $ (6,818) as compared with $-0- atDecember 31, 2003.  This decrease in cash is due to cash flows used forinvesting activities, and operations exceeding cash flows from financingactivities. 
Net cash used in operating  activities was $273,517. 
We expect to fund development expenditures and incur losses until we are able togenerate  sufficient  income and cash flows to meet such  expenditures and otherrequirements.  We do not  currently have adequate cash reserves to continue tocover such anticipated expenditures and cash requirements.  These factors, amongothers, raise substantial doubt about our  ability to  continue as a goingconcern.
The discussion and analysis of our financial condition and results of operationsare based upon our consolidated financial statements, which have been preparedin accordance with accounting  principles generally accepted in the UnitedStates.  The  preparation of these financial statements  requires  us to makeestimates and judgments that affect the reported amounts of assets, liabilities,revenues and expenses, and related disclosure of contingent  assets andliabilities.  On an on-going basis, we evaluate our estimates,  including thoserelated to income tax and marketing related  agreements with our affiliates.  Webase our estimates on  historical  experience  and on various other  assumptionsthat are believed to be reasonable under the circumstances, the results of whichform the basis for making  judgments about the  carrying  values of assets andliabilities that are not readily apparent from other sources. Actual results maydiffer from these estimates under different assumptions orconditions.**12**   

**FORWARD-LOOKING STATEMENTS; MARKET DATA**
The discussion in this Quarterly Report on Form 10-QSB contains forward-lookingstatements  that involve risks and uncertainties.  The statements contained inthis Report that are not purely historical are forward-looking statements withinthe meaning of Section 27A of the Securities  Act of 1933, as amended, andSection  21E of the Securities Exchange Act of 1934, as amended, includingstatements  regarding our expectations, beliefs, intentions or strategiesregarding the future. All  forward-looking statements included in this documentare based on information  available to us on the date hereof,  and we assume noobligation to update any such  forward-looking  statements.  Our actual resultscould differ materially from those described in our forward-looking  statements.Factors that could cause or contribute to such differences include, but are notlimited to, our unproven business model and a limited operating history in a newand rapidly evolving  industry;  our ability to implement our business plan; andour ability to manage our growth,  retain and grow our customer  base and expandour service offerings.
We make forward-looking statements in the "Management’s Discussion andAnalysis of Financial Condition and, Results of Operations" above. Theseforward-looking statements  include, but are not limited to, statements  aboutour plans, objectives, expectations, intentions and assumptions and otherstatements that are not historical facts. We generally intend the, words"expect", "anticipate", "intend", "plan", "believe", "seek", "estimate" andsimilar  expressions to identify forward-looking statements.
This Quarterly  Report on Form 10-QSB contains certain estimates and plansrelated  to us and the  industry  in which we operate, which assumes certainevents, trends and activities will occur and the projected information based onthose assumptions.  We do not know that all of our assumptions are accurate.  Inparticular, we do not know what level of growth will exist in our industry, ifany, and  particularly in the foreign markets in which we operate, havedevoted
resources  and in which we shall seek to expand.  If our assumptions are wrongabout any events,  trends and activities, then our estimates for future growthfor our business may also be wrong.  There can be no assurances  that any of ourestimates as to our business growth will be achieved. 
**ITEM 3:  CONTROLS AND PROCEDURES**
We maintain a set of disclosure  controls and procedures designed to ensure thatinformation  required to be disclosed  by us in the  reports  filed  under theSecurities Exchange Act, is recorded, processed, summarized and reported withinthe time periods specified by the SEC’s rules and forms. Disclosurecontrols are also  designed  with  the  objective  of  ensuring  that  thisinformation  is accumulated and communicated to our management, including ourchief executive officer and chief financial officer, as appropriate to allowtimely decisions regarding required disclosure.
Based upon their  evaluation as of the end of the period covered by this report,our chief executive officer and chief financial officer concluded that, if weare  able to successfully  address the material weaknesses in our internalaccounting controls as discussed below, our disclosure  controls and proceduresare effective to ensure that information required to be included in our periodicSEC filings is recorded,  processed, summarized, and reported  within the timeperiods specified in the SEC rules and forms.
Our board of directors were advised by Harvey S Weingard, CPA our independentpublic accounting firm, that during their performance of review proceduresrelated to The Furia Organization Inc., unaudited interim  financial statementsfor the quarter ended  December 31, 2004 identified two material weaknesses, asdefined in Public Company Accounting Oversight Board Standard No. 2, in ourinternal control over financial reporting as follows:**13**   - Insufficiently skilled accounting personnel compounded by a lack of humanresources and expected near-term significant turnover within our accounting andfinancial reporting function.  Also, we must improve controls surroundingadequate monitoring and oversight of the work performed by accounting andfinancial reporting personnel.
- Insufficient analysis, documentation and review of the selection andapplication of generally accepted accounting principles to significantnon-routine transactions, including the preparation of financial statementdisclosures relating thereto.

We have assigned a high priority to the short-term and long-term  improvement ofour internal control over financial reporting.  Actions to address the materialweaknesses described above that we will undertake, or have undertaken, includethe following among others:
We have begun the process of identifying our Chief Financial Officer and haveinterviewed two candidates for this position.  We chose not to employ eithercandidate to fill our position.
We periodically review staffing of our accounting  and financial reportingfunctions to ensure appropriate  staffing and supervision of those functions.
During the first quarter of 2005, we will continue our internal control  reviewprocess to remediate the internal control material weaknesses identified aboveby.
Other than regarding the material weaknesses discussed above, there have been nochanges in our internal control over financial  reporting during the periodcovered by this report that significantly affect our control environment.
In addition to the matters discussed above, the independent registered publicaccounting firm  responsible  for the audit of The Furia Organization, Inc.financial statements as of and for the year ending  June 30, 2005 must attest toand issue  a  report  on  management’s assessment of the  design  andoperational effectiveness  of our internal control over  financial reporting.Although we intend to conduct a rigorous review of our internal  control overfinancial reporting to help achieve  compliance  with the Section 404requirements of the Sarbanes-Oxley Act, if our independent  registered publicaccounting firm is not satisfied with our internal  control over financialreporting or with the level at which it is documented,  designed,  operated orreviewed, they may decline to attest to management’s assessment or mayissue a qualified report  identifying either a significant deficiency or amaterial weakness in our internal controls.  This could  result in  significantadditional  expenditures  responding  to the Section 404 internal  controlaudit, a diversion of management attention and potentially an adverse reactionto our common stock in the financial markets.**14**   

**Limitations of Disclosure Controls and Procedures**
Our management, including our chief executive officer and chief financialofficer, does not expect that our disclosure  controls or internal control overfinancial reporting will prevent all errors or all instances of fraud. A controlsystem, no matter how well designed and operated, can provide only reasonable,not absolute, assurance that the  control  system’s objectives will bemet.  Further, the design of a control  system must reflect the fact that thereare resource constraints, and the benefits of controls must be consideredrelative to their costs.  Because of the inherent limitations in all controlsystems, no evaluation of controls can provide absolute  assurance that allcontrol issues and instances of fraud, if any, within our company have beendetected.  These inherent limitations include the realities that judgments indecision-making can be faulty,  and that  breakdowns  can occur  because ofsimple error or mistake.  Controls can also be  circumvented  by the individualacts of some persons, by collusion of two or more people, or by managementoverride of the controls.  The design of any system of controls is based in partupon certain assumptions about the likelihood of future events, and any designmay not succeed in achieving its stated goals under all  potential  futureconditions.  Over time, controls may become inadequate  because of changes inconditions or deterioration in the
degree of compliance with  policies or procedures.  Because of the inherentlimitation of a  cost-effective control system, misstatements due to error orfraud may occur and not be detected.**15**   

**PART II - OTHER INFORMATION**
**ITEM 2:  UNREGISTERED SALE OF EQUITY SECURITIES AND USE OFPROCEEDS**
On August 26, 2004, The Furia Organization, Inc. (the "Company") completed theacquisition of Fronthaul, Inc., a privately held Nevada corporation("Fronthaul")  The Company entered into a definitive acquisition agreement withFronthaul and its principal shareholders to acquire all of the capital stock ofFronthaul in exchange for the issuance of common and preferred stock of theCompany.
As a result of the transaction, Fronthaul became a wholly-owned subsidiary ofthe Company.  At the closing, an aggregate of 20,000,000 shares of theCompany’s common stock and 500,000 shares of the Company’s preferredstock were authorized for issuance to the shareholders of Fronthaul.  The commonstock issued to the shareholders of Fronthaul represent 69.6% of the 28,742,842shares of the Company’s common stock in total outstanding post closing.The preferred stock issued to the Fronthaul shareholders shall be convertible,at the option of the holder, into shares of the Company’s common stock atthe rate of 100 shares of common stock for each share of preferred stock, suchright of conversion shall be based upon the following formula:

(i)     Upon the Companyachieving revenues of $250,000 within twelve (12) months from the date ofacquisition, an aggregate of 25% of the preferred stock may be converted;

(ii)     Upon the Companyachieving revenues of $500,000 within twelve (12) months from the date ofacquisition, an aggregate of 50% of the preferred stock may be converted;and

(iii)     Upon the Companyachieving revenues of $750,000 within twelve (12) months from the date ofacquisition, an aggregate of 100% of the preferred stock may beconverted.

On the one-year anniversary from the date of acquisition ("Anniversary Date"),should the Company fail to achieve any or all of the revenue thresholds, theCompany shall redeem the unconverted preferred stock at a price of $.50 pershare.  Should the Company fail to redeem any or all of the unconvertedpreferred stock within 30 days from the Anniversary Date, then the shareholder,without regards to the revenue requirements set forth above, may, at any timethereafter, convert the preferred stock to common stock as hereinbefore setforth.
**ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS.**
Pursuant to a written consent of a majority of the Company’s shareholders,the Company approved an amendment to the Company’s Certificate ofIncorporation which (a) reverse split the outstanding shares of theCompany’s Common Stock one-for-five; and (b) increased the number ofshares of Common Stock the Company is authorized to issue to 200,000,000.Shareholders representing 79% of the issued and outstanding shares of CommonStock, by written consent, voted in favor of the foregoing.**16**   

**ITEM 6.  EXHIBITS.**

(A)   Exhibits.
      
31.1  Certification of Chief Executive and Chief Financial Officer ofPeriodic Report Pursuant to Rule 13a-14(a) and Rule 15d-14(a).
 
31.2  Certification of Chief Financial Officer of Periodic Reportpursuant to Rule 13a-14a and Rule 15d-14(a).

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**SIGNATURES**
       
       Pursuant to the requirements of theSecurities Exchange Act of 1934, the registrant has duly caused this report tobe signed on its behalf by the undersigned thereunto duly authorized.
Dated:  December 31, 2004
 
THE FURIA ORGANIZATION, INC.
     
By:

/s/ Michael Alexander
    Michael Alexander  	    CEO	 
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