SECURITIES AND EXCHANGE
                                   COMMISSION
                             WASHINGTON, D.C. 20549
                             ----------------------

                                   FORM 10-QSB


          (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2005

                                       OR

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

                   For the Transition period from      to
                                                 ------  ------

                                 ENUCLEUS, INC.
              ----------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

        0-14039                                            11-2714721
 ----------------------                         -------------------------------
(Commission File Number)                       (IRS Employer Identification No.)

                                 2850 Golf Road
                            Rolling Meadows, IL 60008
                     --------------------------------------
                    (Address of Principal Executive Offices)

                                  847-640-0909
               --------------------------------------------------
              (Registrant's telephone number, including area code)

Check whether the Registrant (l) filed all reports required to be filed by
Section 13 or 15(d) of the Securities and Exchange Act during the past 12 months
(or for such shorter periods 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
           -----   -----

Check whether the Registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. Yes  X  No
                                                 -----  -----

As of September 30, 2005, the number of common stock shares outstanding is
approximately 41,833,545 shares.


Transitional Small Business Disclosure Format (check one)  Yes     No  X
                                                              -----  -----

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PART I -- FINANCIAL INFORMATION
-------------------------------

ITEM 1. FINANCIAL STATEMENTS

     CONDENSED CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2005
     (UNAUDITED) AND DECEMBER 31, 2004.....................................   3

     CONDENSED CONSOLIDATED (UNAUDITED) STATEMENTS OF OPERATIONS FOR
     THE THREE MONTHS ENDED SEPTEMBER 30, 2005, AND SEPTEMBER 30, 2004,
     THE NINE MONTHS ENDING SEPTEMBER 30, 2005, AND SEPTEMBER 30, 2004.....   4

     CONDENSED CONSOLIDATED (UNAUDITED) STATEMENTS OF CASH FLOWS
     FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND SEPTEMBER 30, 2004...   5


     NOTES TO CONDENSED CONSOLIDATED (UNAUDITED) FINANCIAL STATEMENTS......   6

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
        AND RESULTS OF OPERATIONS..........................................  14

ITEM 3. CONTROLS AND PROCEDURES............................................  15


PART II - OTHER INFORMATION
---------------------------

ITEM 1. LEGAL PROCEEDINGS..................................................  16

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS..........................  16

ITEM 3. DEFAULTS UPON SENIOR SECURITIES....................................  17

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS................  17

ITEM 5. OTHER INFORMATION..................................................  17

ITEM 6. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.....................  19

ITEM 7. EXHIBITS AND REPORTS ON FORM 8-K...................................  20

FORM 10-QSB SIGNATURE PAGE.................................................  22

                                        2

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<PAGE>
<TABLE>
<CAPTION>


                             eNucleus, Inc.
                  Condensed Consolidated Balance Sheets



                                                      September 30,    December 31,
                                                          2005            2004
                                                       (unaudited)


ASSETS:

<S>                                                   <C>             <C>
Current Assets
Cash                                                  $    157,952    $     45,800
Accounts receivable                                      3,679,311       1,039,133
Prepaid expenses                                            89,932          13,098
                                                      ------------    ------------
Total current assets                                     3,927,195       1,098,031
                                                      ------------    ------------

Due from Applitech Solution, Ltd.                           19,180         242,352
Property and equipment                                   3,563,830       1,615,203
Intangible assets                                          332,989         897,118
                                                      ------------    ------------
Total assets                                          $  7,843,194    $  3,852,704
                                                      ============    ============


LIABILITIES & STOCKHOLDER'S EQUITY


Current Liabilities
Accounts payable and accrued liabilities              $  1,368,358    $  1,085,298
Notes payable                                               76,945          70,957
Deferred revenue                                           161,203          38,632
                                                      ------------    ------------
Total current liabilities                                1,606,506       1,194,887
                                                      ------------    ------------

Long term liabilities                                      990,010         698,032

                                                      ------------    ------------
Total Liabilities                                        2,596,516       1,892,919
                                                      ------------    ------------

Common stock, $0.001 par value, 100,000,000 shares          41,834          26,999
authorized, 41,833,545 and 26,999,105 shares issued
and outstanding, respectively

Additional paid-in capital                              14,094,121      10,899,819
                                                      ------------    ------------
Accumulated deficit                                     (8,889,277)     (8,967,033)
                                                      ------------    ------------
Total stockholder's equity                               5,246,678       1,959,785
                                                      ------------    ------------
                                                      ------------    ------------
Total liabilities and stockholder's equity            $  7,843,194    $  3,852,704
                                                      ============    ============

                                         3
</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                                               eNUCLEUS, INC.
                               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                 (UNAUDITED)



                                                Three Months    Three Months    Nine Months    Nine Months
                                                   Ending          Ending         Ending         Ending
                                                September 30,   September 30,  September 30,   September 30,
                                                    2005            2004           2005            2004


<S>                                             <C>             <C>            <C>             <C>
Revenue
  From Operations                               $  2,019,498    $  1,023,446   $  5,021,198    $  2,477,272
  Other Revenue                                         --              --          405,740            --


Operating expenses                                 1,454,380         554,765      4,128,273       1,247,573

                                                ------------    ------------   ------------    ------------
Income (Loss) Before The Undernoted                  565,118         468,681      1,298,665       1,229,699


Depreciation and amortization expense                366,589         345,053        949,761         398,302
Stock based compensation expense                     (45,333)         80,000           --            80,000
Writeoff of investment                               200,000            --          200,000            --
Interest and other income (expense)                    7,808          17,724        (71,148)         17,705


                                                ------------    ------------   ------------    ------------
Net Income (loss)                               $     51,670    $     61,352   $     77,756    $    769,102
                                                ============    ============   ============    ============


Basic net income (loss) per common share        $       0.00    $       0.00   $       0.00    $       0.04
                                                ============    ============   ============    ============

Diluted net income (loss) per common share      $       0.00    $       0.00   $       0.00    $       0.04
                                                ============    ============   ============    ============



Weighted average shares outstanding - basic       39,893,920      24,286,796     34,773,077      19,411,762
                                                ============    ============   ============    ============

Weighted average shares outstanding - diluted     43,573,920      26,786,796     38,453,077      21,911,762
                                                ============    ============   ============    ============

                                                     4
</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                                     eNUCLEUS, INC.
                     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                       (UNAUDITED)



                                                            Nine Months    Nine Months
                                                              Ending         Ending
                                                           September 30,  September 30,
                                                               2005           2004

<S>                                                        <C>            <C>
Cash flow from operating activities
Net Income (Loss)                                          $    77,756    $   769,102

Adjustments to reconcile net income to net cash provided
by (used in) operating activities
  Depreciation and amortization                                949,761        398,302

  Shares issued for compensation                                  --           80,000
  Shares issued for debt settlement                             60,354           --
  Changes in operating assets and liabilities               (2,146,571)    (2,201,689)

                                                           -----------    -----------
Net cash used in operating activities                       (1,058,700)    (954,285)
                                                           -----------    -----------

Cash flow from investing activities
  Capital expenditures                                      (1,867,114)       (13,237)

                                                           -----------    -----------
Net cash from (used in) investing activities                (1,867,114)       (13,237)
                                                           -----------    -----------
Cash flow from financing activities
  Changes in notes payable                                     297,966       (90,681)
  Proceeds from sale of common stock                         2,740,000        325,000
  Proceeds from sale of preferred stock                           --        1,245,370

                                                           -----------    -----------
Net cash from (used in) financing activities                 3,037,966      1,479,689
                                                           -----------    -----------

Net increase (decrease) in cash                                112,152        512,167

Cash, beginning of period                                       45,800             78

                                                           -----------    -----------
Cash, end of period                                        $   157,952    $   512,245
                                                           ===========    ===========

Non cash investing and financing activities:
  Stock issued to affect acquisition                       $   476,250    $   317,500
  Fair value of tangible assets acquired                          --          570,683
  Fair value of liabilites assumed                                --          713,440
                                                           ===========    ===========

                                           5
</TABLE>

<PAGE>

eNUCLEUS, INC.


                         NOTES TO CONDENSED CONSOLIDATED
                        (UNAUDITED) FINANCIAL STATEMENTS

                               September 30, 2005


NOTE 1. GENERAL

Description of Business

The Company is a computer software and services provider offering a wide range
of "off-the-shelf" and customized process management applications for business.
The Company's clients and target market are the Global 1000. The Company's
current software and service applications are installed in 22 countries on five
continents in multiple languages.

The Company's current "off-the-shelf" process management solutions are focused
on the procurement and distribution supply chain, with applications for:

o    Supply chain management
o    Procurement
o    Accounting & finance
o    Employee benefits & Insurance
o    Wholesale & retail content management
o    Small-to-midsize ERP solutions

The Company employs over 200 application developers in the United States and
India, with sales and technical support in the United States, Singapore and
India, enabling the company to deploy local requirements definition and project
management resources while taking advantage of global labor rates to provide
customized solutions.

To accelerate growth, eNucleus has focused on acquiring supply chain software
applications that are demonstrated leaders in their vertical markets and enjoy
strong customer loyalty, with the objective of filling out a comprehensive
process management and supply chain architecture with existing,
"ready-to-market" product. These products are then integrated into the Company's
SOA/.NET web services architecture, and re-branded. On average, the integration
and re-branding takes 6 to 9 months.

The strategy is to deliver applications that are concentrated on innovating and
accelerating the supply chain business process by providing add-on capabilities
to existing ERP and supply chain applications as well as core functionality for
small-to-midsize enterprises.

The Company relies on its global sales force for exponential growth and its Far
East operations for product customization, integration of acquired applications,
managed services and product development maximizing the company's global cost
structure advantage.

                                       6
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<PAGE>


Market Environment

Software industry analysts have noted the trend toward "software as a service",
or enterprises outsourcing internal software applications onto hosted, Internet
accessible managed services. The next major shift in deployment of computer
based software technology is focusing on the reduction of capital expenditures
for costly internal IT infrastructure in favor of accessing critical
applications and essential business processes solely through the Internet.

As a next generation business process hosting company with a scalable worldwide
infrastructure available, the company is positioned to provide critical Internet
based business processes as a service to companies that want to reduce their IT
infrastructure, while remaining capable of delivering customer-installed
customized "off the shelf" solutions.

Many previously successful applications are not presently delivered over the
Internet and many vendors lack the technical skill set, organizational
infrastructure, operating cost structure or necessary Internet network
infrastructure to enable and deliver their software applications over the Web.

The limited availability of development capital in today's markets has resulted
in delayed web-based platform product conversions forcing companies to re-invest
their earnings into efforts to re-tool for the Internet - while trying to
maintain a competitive advantage adding functionality to their legacy
applications.

By acquiring technologies, and integrating them into an SOA and/or .NET
compliant architecture, the Company enjoys a unique "late comer" advantage in
the software markets.

Target Markets

Initially, the Company is focused on the following markets:

o    Petroleum Products
o    Manufacturing
o    Transportation
o    Wholesale and Retail Distribution
o    Education (K-12, Higher Education)
o    Government
o    Insurance Brokerage

Products and Services

o Benefits Accelerator Online Benefits Management for Brokers, Agencies &
Employers. The Benefits Accelerator product is a hosted application that
optimizes and streamlines the benefits enrollment and administration process for
employers, employees, brokers, agents and insurance carriers.


                                        7
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<PAGE>


o Tender City Procurement management for Industrial, Institutional & Government
Buyers. Tender City provides a comprehensive online platform for buyers to
manage their procurement processes. The platform features eProcurement, eAuction
(both forward & reverse), and eCatalog capabilities.

o eComSupplier Communications Management for Oil & Gas Suppliers. eComSupplier
provides an Enterprise level, data-hosting technology platform for powering
private trading hubs to eConnect suppliers with downstream petroleum trading
partners.

o eComDistributor Communications Management for Oil & Gas Distributors.
eComDistributor is a robust web-based ebusiness management tool designed
specifically to manage all aspects of fuel and lubricant product sales and
services.

o FuelPilot Online Fuels Management for Commercial & Retail Industries.
FuelPilot provides commercial industrial and large retail industries with a
streamlined, consolidated solution to manage all activities associated with
purchasing, storing and delivering fuel.

o eLabTracker Online Data Management for Equipment Oil Analysis. eLabTracker is
an Oil Analysis Data Management program that provides users with the tools and
functionality for effectively managing equipment oil analysis online.

o ProBooks: Financial Management is an accounting package+ for the kindergarten
through community college / private college market.

o ProBooks: Student Management allows users to manage, store and access student
data through their existing networks.

o eProcument is a robust and comprehensive enterprise platform for managing the
process of acquisition and disposition of assets while reducing costs and
streamlining decision timelines. The application operates in a highly secure PKI
enabled and compliant environment including biometric controls.

o Professional Services IT Design, Development & Implementation Services. We
provide clients with professional IT services that include consulting,
application development and integration services in a number of industry sectors
such as oil and gas, petrochemical, maritime, heavy equipment manufacturing,
insurance and telecommunications. Our services include system design and
engineering, software customization, testing, implementation and maintenance
support.

o BPO Services Business Process Outsourcing & Knowledge Worker Resources. We
offer offshore Business Process Outsourcing (BPO) services and manpower
resources through our India offices for clients in the areas of application /
product design, development, implementation and maintenance.

                                       8
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<PAGE>


o Application Delivery - We deliver and manage applications and computer
services from a centralized location to multiple users over the Internet and /
or a private network. This provides our customers with the ability to access
software applications anywhere, anytime via the Internet. Applications are
accessed just as if they were installed on the local system. Within this
environment, we provide our customers with the ability to access their
applications as well as our other products.

o Managed Hosting - We deliver full service solutions for establishing and
maintaining the complex infrastructure necessary for a business to support
ebusiness applications and delivery. State-of-the-art servers provide a solid
platform for hosting client's mission critical applications and data. eNucleus
support provided by our managed hosting services include 24x7 network monitoring
and support, system administration, server monitoring and testing, usage
reporting, security services and protection. All the while, customers can still
maintain control over the software and solutions housed on the servers,
including their customized installed software and proprietary solutions.

o Data Storage - Our data storage services include high performance network
backup and storage to cost-effective specific data tape backup services, offsite
storage and data vaulting

o Application Development - Analysts and developers work with clients to assist
in determining specific business, technology and data communications
requirements then design and develop customer-specific solutions tailored to
each platform deployment.

NOTE 2. BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements include
eNucleus, Inc. and its wholly owned subsidiaries Financial ASPx, Inc., Alliance
Net, Inc., Supply Chain ASPx, Inc., Education ASPx, Inc., eNucleus India, Inc.,
eNucleus Solutions India Pte., and eNucleus Pte Ltd. The statements have been
prepared in accordance with generally accepted accounting principles in the
United States for interim financial information, the instructions to Form 10-QSB
and Article 10 of Regulation S-X. Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting principles
for complete financial statements. Certain amounts have been reclassified from
the previously reported financial statements in order to conform to the
financial statement presentation of the current period. In the opinion of
management, all adjustments (consisting only of normal recurring adjustments)
considered necessary for a fair presentation have been included.

Operating results for the nine months ended September 30, 2005 are not
necessarily indicative of the results that may be expected for the fiscal year
ending December 31, 2005. These financial statements should be read in
conjunction with our audited consolidated financial statements and footnotes for
the year ended December 31, 2004 that are included in our annual report on Form
10-KSB.

                                       9
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<PAGE>


NOTE 3. FINANCIAL RESULTS AND LIQUIDITY

As shown in our results of operations, we have maintained profitable operations
in 2004 and into 2005 as a result of our acquisitions and capital raised through
the issuance of equity. However, the Company's continued existence is dependent
on its ability to maintain future profitable operations. The satisfaction of the
Company's cash requirements hereafter will depend in large part on its ability
to successfully generate revenues from operations. There can, however, be no
assurance that sufficient cash will be generated from operations or that
unanticipated events requiring the expenditure of funds within its existing
operations will not occur.

NOTE 4. ACCOUNTS RECEIVABLE AND OTHER LONG TERM ASSETS

Accounts receivable consists of $3,679,311 for eNucleus Inc. and its subsidiary
companies.

Long-term receivables include $1,886,000 from the sale of software and services
to the Indian government as well as other long term projects; $150,000 for
software license and services to Summit Software.

NOTE 5. FINANCING ARRANGEMENTS

As of September 30, 2005 the Company's total long-term debt outstanding was as
follows:

     I.R.S. and other state tax departments (a)                800,627
     Duke-Weeks Realty (b)                                     141,952
     Other notes payable (c)                                    50,000
     Interest on notes payable                                  74,376
                                                             ---------
                                                             1,066,955
     Less: current portion                                      76,945
                                                             ---------
     Long term liabilities                                   $ 990,010

(a) Pursuant to the Company's reorganization in 2003, holders of allowed tax
claims, including the Internal Revenue Service and certain state revenue
agencies, received in full satisfaction, settlement of and in exchange for its
tax claim, a nine year 6.5% promissory note in an amount equal to the principal
amount of its tax claims, payments of principal and interest due monthly. In
April 2005 the Company and its tax advisor determined the amounts due and
verified same with the tax authority. A significant portion of this debt has
been abated and or paid by the company subsequent to this quarter. The Company
intends to continue making regular payments to the tax authorities.

                                       10
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<PAGE>


(b) Duke-Weeks Realty Limited Partnership 3-year note payable with the previous
landlord of the Company in the amount of its total allowed claim of
approximately $142,000. Monthly payments are $1,000, with the first payment in
each year due in the amount of $10,000. The final payment will include the
remaining outstanding principal plus accrued interest. No payments have been
made and the Company is in violation of the terms of this note; however the
Company, through its representatives, is currently renegotiating this
obligation.

(c) The company anticipates formalizing a note payable to an unsecured claimant
whose claim arose prior to the Company's filing of bankruptcy, and who, in
accordance with the Plan of Reorganization, elected to take a Junior Secured
Note on the portion of the unsecured claim. Such note accrues interest at 12%
per annum with principal and interest due in twenty-four months from the date of
issuance. The Company was contacted by this claimant in June of 2005 to move
forward with the process of defining terms for the note payable. Currently the
company is negotiating the payment terms for this obligation. No payments have
been made to this claimant.

NOTE 6. STOCKHOLDERS' EQUITY

The Company's Certificate of Incorporation authorizes the issuance of
100,000,000 shares of common stock, par value $.001 per share, and 20,000,000
shares of preferred stock, par value $.001 per share.

At the beginning of the quarter the company had 39,370,692 common shares
outstanding.

During the third quarter 2,462,853 shares were issued. 115,000 shares were
issued in lieu of interest on funds loaned on a short term basis to the Company;
162,668 shares were issued pursuant to the conversion of warrants, 185,185
shares were issued pursuant to the conversion of Preferred shares from the first
quarter and $510,000 was realized from the sale of 2 million common shares to an
accredited investor.

As of September 30, 2005 the Company had approximately 41,833,545 common shares
issued and outstanding. The company has 8,326,665 common stock warrants with
2,326,665 exercisable at $0.20 per share and 6,000,000 exercisable at $0.35 per
share. Additionally, there are outstanding options to purchase 5,450,000 shares
of eNucleus common stock at a weighted average price of $0.23 per share which
vests over a period from November 2004 through April 2007.

NOTE 7. ACQUISITIONS

On February 9, 2004, the Company, through its wholly owned subsidiary Financial
ASPx, Inc., completed an asset purchase of PrimeWire, Inc. ("PrimeWire").
PrimeWire's operations primarily focused on providing third party employee
benefits administration via the Internet. PrimeWire received $50,000 upon
closing and was to receive a three year earn out that provided for (i) quarterly
cash payments of 10% of the net revenues generated by the PrimeWire assets and

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(ii) quarterly stock payments of 15% of the net revenues generated by the
PrimeWire assets (shares to be determined based upon the average closing price
of the 20 day period prior to the end of each quarter). Additionally, PrimeWire
had the ability to earn an additional 7% of Net Revenues generated by large
license deals (license agreements in excess of $200,000 in the first 12 months
of the contract) during the first year.

The results of operations for Financial ASPx, Inc. have been included in the
financial statements of the Company from the date of acquisition. The
acquisition has been accounted for using the purchase method as follows:

     Intangible assets (customers contracts)        $   792,893
     Software                                           801,774
     Accounts receivable                                 29,529
     Accounts payable                               (    32,124)
     Deferred revenue                               (   176,437)
                                                    -----------
                                                    $ 1,415,635

The Company never made any payments of common stock to PrimeWire because it
disputed the accuracy of the representations and warranties made to it by
PrimeWire. In May of 2004, the Company notified PrimeWire of its intent to
set-off amounts against the purchase price of the PrimeWire assets pursuant to
several alleged breaches of the purchase agreement. On May 31, 2005, the Company
settled all claims with PrimeWire. Under the terms of the settlement, the
Company paid PrimeWire $400,000 and assigned certain accounts receivable to
PrimeWire as full and final payment.

On May 28, 2004, the Company, through its' wholly-owned subsidiary, Supply Chain
ASPx, Inc., acquired the operating assets and assumed the operating liabilities
of TAK Acquisition Co. a company that provides internet enabled solutions to
suppliers, marketers and customers in the petroleum business. The results of
operations for Supply Chain ASPx, Inc. have been included in the financial
statements of the Company from the date of acquisition. The acquisition has been
accounted for using the purchase method as follows:

     Software                                         $  352,005
     Equipment                                            52,423
     Accounts receivable                                  79,241
     Accounts payable and deferred salaries           (  102,839)
                                                      ----------
                                                       $ 380,830

The Company paid for this acquisition by issuing to the vendor, common stock and
common stock options in the total amount of $380,830. In addition, the TAK Group
earned an additional 150,000 shares as Financial ASPx, Inc. met certain
milestones within the first twelve months.

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On July 1, 2004 the company created a software and professional services company
operating in India. This is a wholly owned subsidiary named eNucleus India, Inc.
Pursuant to an asset acquisition, eNucleus India acquired an eGovernance
software suite designed to meet the management and accounting requirements for
government entities. Consideration paid consisted of 50,000 shares of eNucleus
common stock and the assignment of certain contracts referred to in the
company's 2004 second quarter 10-QSB report.

On August 1, 2004, the Company purchased all of the issued and outstanding stock
of Frontier Technologies Inc. a Singapore-based company formerly owned and
operated by Applitech Solution, Ltd. It provides IT professional services and
solutions for business. The results of operations for Frontier Technologies
(renamed to eNucleus Pte. Ltd.) have been included in the financial statements
of the Company from the date of acquisition. The acquisition has been accounted
for using the purchase method as follows:

Property & Equipment                                        $   19,534
Intangible assets                                              447,904
Accounts Payables                                             (365,438)
                                                             ----------
                                                            $  380,830

The Company paid for this acquisition by issuing common stock in the amount of
$102,000. Frontier shareholders are also entitled to receive additional stock or
cash, at the Company's option, based on an earn-out of three and a half times
the 2005 net income.

In 2004 the Company entered into negotiations to acquire the customer contracts,
accounts receivable and the software of Tender City, a business to government
portal, from Applitech Solution, Ltd. in exchange for 250,000 shares of the
Company's common stock. As the asset transfer could not be completed on a timely
basis, the Company entered into a preliminary agreement October 1, 2004 in which
Applitech continued to operate Tender City using its' own resources and had
agreed to remit the net income of Tender City to the Company less one half of
any such net income (which was retained by Applitech Solution, Ltd.) to a
maximum of $2,000,000. No payments are due to the Company until January 31,
2006, however, as at December 31, 2004 the reported net income of Tender City
was $489,904 and the amount due to the Company was $242,352.

On May 4, 2005 the Company, through its wholly owned subsidiary eNucleus India
Solutions Pte., entered into an asset purchase agreement with Applitech
Solutions, Ltd. This agreement supplemented the October 2004 Tender City
agreement (see above) with additional assets from Applitech Solutions Ltd.,
including customer contracts, accounts receivable and software. The results of
operations for eNucleus India Solutions Pte. have been included in the financial
statements of the Company from the date of acquisition. Purchase consideration
consists of one million shares of common stock (500,000 common shares due at
close of agreement and the remaining shares are unvested contingent upon
achievement of certain revenue achievement), a payment equal to one half the net
earnings collected in 2005 up to $2.5 million (calculated and payable after the
2005 10-KSB is filed in 2006), and 350,000 warrants.

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On May 18, 2005, the Company, through its wholly owned subsidiary Education
ASPx, Inc., acquired certain software and related assets from Acrux LLC, a
Chicago-based technology company with software assets designed for the
educational industry to assist with financial and student management. The
results of operations for Education ASPx, Inc. have been included in the
financial statements of the Company from the date of acquisition. The purchase
price included 350,000 shares of our common stock plus a 10% earn out payment
based upon the gross revenue from the purchased assets for a two year period (up
to a maximum of $2,500,000).

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

The following discussion should be
read in conjunction with the financial statements and related notes which are
included under Item 1 and with the Management's Discussion and Analysis Of
Financial Condition and Results Of Operations and the audited financial
statements and related notes included in eNucleus' 2004 Form 10-KSB, as filed
with the Securities and Exchange Commission on April 22, 2005.

This Form 10-QSB contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 21E of the Securities
Exchange Act of 1934 and Section 27A of the Securities Act of 1933 that involve
numerous risks and uncertainties. Forward-looking statements can be identified
by the use of forward-looking terminology such as "estimates," "projects,"
"anticipates," "expects," "intends," "believes," or comparable terminology or by
discussions of strategy that involve risks and uncertainties. In addition, any
statements which refer to expectations, projections or other characterizations
of future events or circumstances are forward-looking statements. Actual results
could differ from such forward-looking statements. We undertake no obligation to
revise forward-looking statements. Readers are encouraged to review and consider
carefully the various disclosures made by us in this report and our other
reports filed with the Securities and Exchange Commission, including our Form
10-KSB for the year ended December 31, 2004. Such risks and uncertainties
include our ability to raise the funds necessary to finance our operations,
general effects of our restructuring and emergence from Chapter 11
reorganization, our ability to successfully execute on our business plan,
competitive factors and attracting new customers.

RESULTS OF OPERATIONS

Revenue. For the third quarter 2005, revenue increased approximately $996,052 or
97% to $2,019,498 from $1,023,446 in the third quarter 2004. For the first nine
months of 2005, revenue increased approximately $2,543,926 or 103% to $5,021,198
from $2,477,272 in the first nine months of 2004. This increase was attributable
to the acquisitions and growth of business.

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Operating expenses. For the third quarter 2005, operating expenses increased
approximately $899,615 to $1,454,380 from $554,765 in the third quarter 2004.
For the first nine months of 2005, operating expenses increased approximately
$2,880,700 to $4,128,273 from $1,247,573 in the first nine month of 2004. The
majority of the increase relates to the salaries and other operating expenses
associated with the acquisitions and the addition of corporate personnel.

Depreciation and amortization expense. Depreciation and amortization expense
increased $21,536 to $366,589 in the third quarter of 2005 as compared to
$345,053 in the third quarter of 2004. This is attributable to acquisition
goodwill and purchase of intellectual property.

Net Income. Our third quarter of 2005 resulted in net income of $51,670. Our net
income in the third quarter 2004 was $61,352. Excluding the impact of non-cash
expense (depreciation and write off of investment), earnings were approximately
$618,259 in the third quarter 2005.

LIQUIDITY AND CAPITAL RESOURCES

As shown in our results of operations, we have maintained an operating profit in
2004 and into 2005 as a result of our acquisitions and capital raised through
the issuance of equity. However, the Company's continued existence is dependent
on its ability to maintain future profitable operations. The satisfaction of the
Company's cash requirements hereafter will depend in large part on its ability
to successfully generate revenues from operations. There can, however, be no
assurance that sufficient cash will be generated from operations or that
unanticipated events requiring the expenditure of funds within its existing
operations will not occur.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company does not have significant exposure to changing interest rates. The
Company does not undertake any specific actions to cover its exposure to
interest rate risk and the Company is not party to any interest rate risk
management transactions. The Company does not purchase or hold any derivative
financial instruments. Reference is made to the quantitative disclosures about
market risk as of December 31, 2004 included under Item 6 of our most recent
Annual Report on Form 10-KSB.

ITEM 3. CONTROLS AND PROCEDURES

(a) Based upon an evaluation by our Chief Executive Officer and Principal
Financial Officer within 90 days prior to the filing date of this Quarterly
Report on Form 10-Q he has concluded that our disclosure controls and procedures

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as defined in Rule 13a-14(c) under the Securities Exchange Act of 1934, as
amended, are effective for gathering, analyzing and disclosing the information
we are required to disclose in our reports filed under such Act. (b) There were
no significant changes in our internal controls or in other factors that could
significantly affect these controls subsequent to the date of the evaluation
referred to above.
                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

NONE

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

Our common stock is traded on the NASDAQ OTC Bulletin Board (OTCBB) under the
symbol ENUI. Prior to December 2003, our stock was traded under the symbol ENCU.
A public trading market having the characteristics of depth, liquidity and
orderliness depends upon the existence of market makers as well as the presence
of willing buyers and sellers, which are circumstances over which we do not have
control.

The Company's Certificate of Incorporation authorizes the issuance of
100,000,000 shares of common stock, par value $.001 per share, and 20,000,000
shares of preferred stock, par value $.001 per share.

At the beginning of the quarter the company had 39,370,692 common shares
outstanding. During the third quarter 2,462,853 shares were issued. 115,000
shares were issued in lieu of interest on funds loaned on a short term basis to
the Company; 162,668 shares were issued pursuant to the conversion of warrants,
185,185 shares were issued pursuant to the conversion of Preferred shares from
the first quarter and $510,000 was realized from the sale of 2 million common
shares to an accredited investor.

As of September 30, 2005 the Company had approximately 41,833,545 common shares
issued and outstanding. The company has 8,326,665 common stock warrants with
2,326,665 exercisable at $0.20 per share and 6,000,000 exercisable at $0.35 per
share. Additionally, there are outstanding options to purchase 5,450,000 shares
of eNucleus common stock at a weighted average price of $0.23 per share which
vests over a periodfrom November 2004 through April 2007.

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ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

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

None

ITEM 5. OTHER INFORMATION

On June 2nd the Company restructured its senior management team, including the
appointment of Randy Edgerton to the position of President and CEO, the
appointment of Dhru Desai to Chairman of the Board, and the addition of four new
board members. John Paulsen, formerly the company's CEO, will remain with the
company as a member of the Board of Directors, and will continue to contribute
to the company in the areas of finance and business development. The Company is
managed by five executive officers and our board of directors. Set forth below
is information relating to our executive officers and members of our board of
directors.

Name                     Age     Position

Randy Edgerton           52      Director, Chief Executive Officer and President

John C. Paulsen          42      Executive Director of Finance and
                                 Business Development

Dhru Desai               44      Chairman of the Board and Executive
                                 Director of Mergers & Acquisitions

Prakash Tambe            44      Chief Information Officer

Harley M. Luplow         49      Chief Financial Officer

Raymond Pirtle, Jr.      64      Director

Augustine N. Esposito    51      Director

Al Case                  50      Director

Ed Skoldberg             56      Director

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Executives:

Randy Edgerton, is currently a director and our Chief Executive Officer and
President. Mr. Edgerton is responsible for the management of eNucleus'
operations as well as sales and marketing. Mr. Edgerton transitioned from our
Executive Vice President. Prior to joining eNucleus, Mr. Edgerton was at TAK
Industrial Corp/Tak Acquisition DBA - TAK Group serving as President from 1996
to 2004.

John C. Paulsen, is currently a director and our Executive Director of Finance
and Business Development. Mr. Paulsen served as Chairman of the Board of
Directors and Chief Executive Officer of eNucleus since April 1999 until June
2005. Prior thereto, Mr. Paulsen served as the President of Nucleus Holding
Company. From 1995 to 1997 Mr. Paulsen served as President and CEO of MetroLink
Communications, Inc. a long-distance carrier. From 1990 to 1995, Mr. Paulsen
served as President and CEO of American Teletronics Long Distance, Inc. a
reseller of long-distance telecommunications services.

Dhru Desai, is currently a director and our Executive Director of Mergers &
Acquisitions and Global Sales Strategy. Mr. Desai served as our appointed
President from May 2004 until June 2005. From 2001 to 2004, Mr. Desai was the
CEO of Congruent Ventures. From 1998 to 2001, Mr. Desai was the founder and CEO
of Cronus Technologies, Inc. (recently divested to Cisco, FastCom and Advanced
Fiber). Mr. Desai has a Master's Degree in Computer Science from the Illinois
Institute of Technology.

Prakash Tambe has served as our Chief Information Officer since May 2004. From
2000 to 2003, Mr. Tambe served as the Chief Technology Officer of Empact Corp.
From June 1994 to February 2000, Mr. Tambe served as the director of technology
for Revere Group. Mr. Tambe has a Master's Degree in Computer Science from the
Illinois Institute of Technology.

Harley M. Luplow, has served as our Chief Financial Officer since August 2004.
Mr. Luplow has over twenty years of experience with public and private companies
in various roles including finance, marketing, information technology and law.
From 2003 to 2004, Mr. Luplow worked as a consultant for business and legal
services. From 2000-2003, Mr. Luplow served as Director of Budget and Forecasts
and Revenue Manager for Boyne USA Resorts. From 1996-1999, Mr. Luplow served as
Executive Director of China Operations for Urban Science Applications, Inc., Mr.
Luplow has a Juris Doctor degree from Indiana University School of Law, an MBA
from Georgetown University and a Bachelor of Science Degree from Michigan State
University.

Board of Directors:

Our board of directors consists of seven members, namely, Randy Edgerton, John
C. Paulsen, Dhru Desai, Raymond Pirtle, Jr., Augustine N. Esposito, Al Case and
Ed Skoldberg.

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Raymond Pirtle, Jr., currently a director, is a veteran of the financial
services industry, having spent the past three decades in a variety of senior
roles in corporate finance, institutional sales, investment banking, and equity
research, notably with J. C. Bradford & Co., Equitable Securities/SunTrust
Equitable, and Avondale Partners, LLC. Ray has corporate board experience with
both public and private companies, both in the financial services sector and
beyond, and has served on Compensation, Audit, Nominating, and Employee Stock
Options committees. From April 2005 to the present, Mr. Pirtle was President of
Claridge Company LLC; from June 2001 to April 2005, Mr. Pirtle was managing
partner of Avondale Partners Inc.; and prior to 2001, Mr. Pirtle was a managing
director of Equitable Securities Corp.

Augustine N. Esposito, currently a director, is an experienced entrepreneur and
information technology expert. He has more than twenty years of experience
raising capital for start-ups, consulting to IT Services companies, and managing
public and private entities, notably with NetSearch, ANE Enterprises, and SNE,
Inc. He is currently serving on the boards of several high-tech start-up
companies. From April 2000 until November 2000, Mr. Esposito was President of
NetSearch LLC.

Al Case, currently a director, is the president and Chief Executive Officer of
Stamford Research, a technology and management research firm based in Stamford,
CT, where he has maintained such position since April 2003. His 30 year career
includes having been division president of a NYSE-listed company, CEO of a small
technology company, and an industry analyst for Gartner Group, where he managed
their software, investor research, and benchmarking divisions. He currently
serves on several boards for both public and private companies. From January
2000 through April 2003, Mr. Case was president of Gartner Matrix Division and
senior vice president of Investor Research.

Ed Skoldberg, currently a director, is a seasoned executive with over 30 years
experience in the financial services and manufacturing sectors, with a focus on
strategic planning, project management, and systems design, notably with Empire
Blue Cross and Blue Shield, American Medical Security, Conseco Medical
Insurance, and KT Holdings, Inc. Skoldberg's entrepreneurial experience also
includes raising capital on Wall Street and managing billon dollar revenue
companies. From 2003 to 2005, Mr. Skoldberg was President and Chief Operating
Officer at KT Holdings, Inc.; from 2001 to 2002, Mr. Skoldberg was President and
Chief Executive Officer at AMPLAS; from 2001 to 2002 Mr. Skoldberg was Chief
Operating Officer at Stone Street Financial; and from 1999 to 2001, Mr.
Skoldberg was Chief Operating Officer at Conseco Medical Insurance Company.

ITEM 6. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None
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ITEM 7. EXHIBITS AND REPORTS ON FORM 8-K

(A) Exhibits.

31 - Certification of Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.

32 - Certification of Chief Executive Officer and Principal Accounting Officer
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

(B) Reports on Form 8-K.

New Auditor -
On April 28, 2005, the Company filed a Current Report on Form 8-K relating to a
change in auditors. Effective December 15, 2004, the Company dismissed Bujan &
Associates ("Bujan"), which audited the Company's financial statements for the
fiscal year ended December 31, 2003, and retained Danziger & Hochman
("Danziger") to act as the Company's independent auditor.

Accredited Investor Stock Purchase -
On May 18, 2005 the Company filed a Current Report on Form 8-K relating to
several transactions with Barron Partners, which are summarized below.

o On May 6, 2005, eNucleus, Inc. (the "Company") entered into a Stock Purchase
Agreement with a certain accredited investor for the sale of 8,000,000 shares of
common stock of the Company at $0.26 per share. Under this agreement, the
investor also received 2,000,000 warrants to purchase common stock of the
Company at a strike price of $0.35. Such warrants expire five years from the
date of issuance.

o On May 6, 2005, the Company entered into an Amendment to Common Stock Purchase
Warrants (with the purchaser of common stock pursuant to the above referenced
Stock Purchase Agreement). Pursuant to this agreement, the Company has reduced
the exercise price for a series of 3,500,000 warrants previously issued to the
investor to $0.35.

o On May 6, 2005, the Company entered into a Registration Rights Agreement (with
the purchaser of the common stock pursuant to the above-referenced Stock
Purchase Agreement). Pursuant to this registration rights agreement, the Company
must prepare and file within 60 days a Registration Statement covering the
shares of common stock and shall use its best efforts to cause the Registration
Statement to become effective within a certain period of time. This agreement
includes other terms such as demand rights, "piggy back" registration rights,
and liquidated damages to the purchasers of the common stock of 25% of the
Purchase Price per annum payable on a monthly basis if the shares of common
stock are not registered pursuant to an effective Registration Statement within
a certain period of time.

o On September 15, 2005, eNucleus, Inc. (the "Company") entered into a Stock
Purchase Agreement with a certain accredited investor for the sale of 2,000,000
shares of common stock of the Company at $0.26 per share. Under this agreement,
the investor also received 500,000 warrants to purchase common stock of the
Company at a strike price of $0.35. Such warrants expire five years from the
date of issuance.

Applitech Asset Purchase -
On May 18, 2005 the Company filed a Current Report on Form 8-K announcing that
eNucleus, Inc. (the "Company") completed the purchase of certain assets of
Applitech Solution Limited ("Applitech"), a privately held software and services


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company based in Ahmedabad, India. Such assets include customer contracts,
accounts receivables and software. Subject to the terms and conditions of the
purchase agreement, Applitech received one million shares of the common stock of
the Company, 350,000 warrants at a strike price of $0.40 plus a deferred cash
payment that will be equal to one-half of the net earnings of those acquired
assets in 2005, not to exceed $2.5 million.

Acrux Asset Purchase -
On May 18, 2005 the Company filed a Current Report on Form 8-K announcing that
it entered into an Asset Purchase Agreement and completed the purchase of
certain assets of Acrux LLC ("Acrux"), a privately held company based in
Illinois. Acrux provided integrated java-based educational management software
systems. Such assets include customer contracts, software and server equipment.
Subject to the terms and conditions of the purchase agreement, Acrux received
350,000 shares of the common stock of the Company, plus a deferred cash payment
equal to ten percent of the gross revenues relating to those acquired assets for
a two year period, not to exceed $2.5 million. No other material relationship
between the Company or its affiliates and Acrux exists.

Management Changes -
On June 3, 2005 the Company filed a Current Report on Form 8-K announcing
several management changes:

o On May 31, 2005, eNucleus Inc. (the "Company") entered into an employment
agreement with John C. Paulsen. The material terms of such agreement include a
two year term, a salary of $175,000 per year and the issuance of 350,000 options
to Mr. Paulsen for each year.

o On May 31, 2005, the Company entered into an employment agreement with Dhru
Desai. The material terms of such agreement include a two year term, a salary of
$175,000 per year and the issuance of 350,000 options to Mr. Desai for each
year.

o On June 2, 2005, the board of directors of the Company appointed Randy
Edgerton as the President and Chief Executive Officer and a member of the board
of directors of the Company. Mr. Edgerton is transitioning from Executive Vice
President of the Company. Prior to joining the Company, Mr. Edgerton was at TAK
Industrial Corp/TAK Acquisition DBA - TAK Group serving as President from 1996
to 2004. The board of directors has not yet determined which board committee Mr.
Edgerton will join. Mr. Edgerton is not related to any of the existing or
nominated directors or executive officers. Mr. Edgerton has not had a direct or
indirect material interest in any transaction with the Company. Mr. Edgerton's
employment terms with the Company include a $150,000 annual salary and the
issuance of 200,000 options per year.

o On June 2, 2005, each of Raymond Pirtle, Jr., Augustine N. Esposito, Al Case
and Ed Skoldberg was appointed a member of the board of directors of the
Company. The board of directors has not yet determined which board committee
Messrs. Pirtle, Esposito, Case and Skoldberg will join. There is no arrangement

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or understanding between any of Messrs. Pirtle, Esposito, Case and Skoldberg and
any other individual pursuant to which any of them was appointed as a director
and there are no related party transactions between any of them and the Company.

o On June 2, 2005, John C. Paulsen stepped down from his position as Chief
Executive Officer and Chairman of the Board of the Company. Mr. Paulsen remains
a member of the board of directors and an employee of the Company focusing on
merger and acquisitions strategy, strategic planning and corporate development.

o On June 2, 2005, Dhru Desai stepped down from his position as President of the
Company. Mr. Desai remains a member of the board of directors of the Company and
will be the Chairman of the Board. Mr. Desai also remains an employee of the
Company focusing on merger and acquisition strategy, corporate governance and
overseas operations.


SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersi0gned, thereunto duly
authorized.


Signature                    Title                             Date
---------                    -----                             ----
/s/  Randy Edgerton          President /                       November 14, 2005
----------------------       Chief Executive Officer
     Randy Edgerton

/s/  John Paulsen            Principal Financial               November 14, 2005
----------------------       and Accounting Officer
     John Paulsen

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