QUARTERLY
      REPORT FOR SMALL BUSINESS ISSUERS SUBJECT TO THE 1934 ACT REPORTING
      REQUIREMENTS








Form
      10-QSB







UNITED
      STATES


SECURITIES
      AND EXCHANGE COMMISSION


Washington,
      DC 20549








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





For
      the
      Quarterly Period ended September 30, 2006





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





Commission
      file number: 000-49950




**Inrob
      Tech Ltd.**


(Exact
      name of registrant as specified in its charter)


Nevada
              88-0219239(State
                  or other Jurisdiction of
              (IRS
                  EmployerIncorporation
                  or Organization)
              Identification
                  Number)




**1515
      Tropicana Ave, Suite 140**


**Las
      Vegas NV 89119**


**702-795-3601**


(Address
      of Principal Executive Offices, Zip code)





702-795-3601


(Issuers’
      Telephone Number)








Indicate
      by check mark whether the registrant: (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
      the
      past 12 months (or for such shorter period that the registrant was required
      to
      file such reports), and (2) has been subject to such filing requirements for
      the
      past 90 days.  Yes
x  No o





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





There
      were 61,350,180 shares of the registrant’s common stock, $.0001 par value,
      outstanding as of November 10, 2006.










**INROB
      TECH LTD.**


**FORM
      10-QSB**





**INDEX**




Part
                I - FINANCIAL INFORMATION
            
            PageItem
                1. Financial Statements (Unaudited)
            
            3Balance
                Sheet
            
            F-2Statements
                of Operations
            
            F-3Statements
                of Cash Flows
            
            F-4Notes
                on Financial Information
            
            F-6Item
                2 Management’s Discussion and Analysis or Plan of Operation
            
            4Item
                3 Controls and Procedures
            
            16Part
                II. OTHER INFORMATIONItem
                1. Legal Proceedings
            
            14Item
                2. Unregistered Sales of Equity Securities and Use of
                Proceeds
            
            14Item
                3. Defaults Upon Senior Securities
            
            14Item
                4. Submission Of Matters To A Vote of Security Holders
            
            14Item
                5. Other Information
            
            15Item
                6. Exhibits
            
            15Signatures
            
            15Certifications
            
            16





**PART
      I - FINANCIAL INFORMATION**





**Item
      1. FINANCIAL STATEMENTS**




**INROB
        TECH LTD.**
 
 **INDEX
        TO INTERIM FINANCIAL STATEMENTS**
 **SEPTEMBER
        30, 2006, AND 2005**
 **(Unaudited)**
 
 
 
 Financial
        Statements-
 Balance
                  Sheet as of September 30, 2006
              F-2Statements
                  of Operations and Comprehensive (Loss) for the Three MonthsAnd
                  Nine Months Ended September 30, 2006, and 2005
              F-3Statements
                  of Cash Flows for the Nine Months EndedSeptember
                  30, 2006, and 2005
              F-4Notes
                  to Financial Statements September 30, 2006, and 2005
              F-6
  F-1
  **INROB
                    TECH LTD.****BALANCE
                    SHEET (NOTE 2)****AS
                    OF SEPTEMBER 30, 2006****(Unaudited)****ASSETS****2006****Current
                    Assets:**Cash
                    and cash equivalents
                
                $
                -Accounts
                    Receivable-Trade
                
                
                310,484Employees
                    and other
                
                
                6,031Income
                    and other taxes
                
                
                30,949Less
                    - Allowance for doubtful accounts
                
                
                -Inventories
                
                
                645,214Cost
                    of uncompleted contracts in excess of billings
                
                
                153,808Prepaid
                    expenses
                
                
                10,492Total
                    current assets
                
                
                1,156,978**Property
                    and Equipment:**Office
                    and computer equipment
                
                
                85,048Furniture
                    and fixtures
                
                
                58,402Vehicles
                
                
                338,952Leasehold
                    improvements
                
                
                37,373519,775Less
                    - Accumulated depreciation and amortization
                
                
                (266,687
                )Net
                    property and equipment
                
                
                253,088**Other
                    Assets:**Deposits
                
                
                2,108Deffered
                    offering costs
                
                
                10,000Loan
                    receivable - Director and stockholder
                
                
                497,697Loans
                    to related party companies
                
                
                452,005Deferred
                    income taxes
                
                
                147,895Total
                    other assets
                
                
                1,109,705**Total
                    Assets**
                
                $
                2,519,771**LIABILITIES
                    AND STOCKHOLDERS' EQUITY****Current

                    Liabilities:**Bank
                    overdrafts
                
                $
                66,801Bank
                    loans and other debt, current portion
                
                
                281,561Convertible
                    debenture
                
                
                42,500Accounts
                    payable - Trade
                
                
                313,719Due
                    to related party - Director and stockholder
                
                
                89,441Billings
                    on uncompleted contracts in excess of costs
                
                
                120,168Due
                    to related party - Investor group
                
                
                137,875Accrued
                    liabilities
                
                
                514,717Reserve
                    for estimated loss on contract
                
                
                38,333Deferred
                    revenue
                
                
                584,075Total
                    current liabilities
                
                
                2,189,190**Long-term
                    Debt, less current portion:**Bank
                    loans and other debt
                
                
                47,416Total
                    long-term debt
                
                
                47,416Total
                    liabilities
                
                
                2,236,606**Commitments
                    and Contingencies****Stockholders'
                    Equity:**Preferred
                    stock, par value $.001 per share; 20,000,000 sharesauthorized;
                    no shares issued and outstanding
                
                
                -Capital
                    stock, par value $.001 per share; 80,000,000 sharesauthorized;
                    61,350,180 shares issued and outstanding
                
                
                61,350Additional
                    paid-in capital
                
                
                852,568Accumulated
                    other comprehensive income
                
                
                8,787Accumulated
                    (deficit)
                
                
                (639,540
                )Total
                    stockholders' equity
                
                
                283,165**Total
                    Liabilities and Stockholders' Equity**
                
                $
                2,519,771
 
 The
        accompanying notes to financial statements
 are
        an
        integral part of this balance sheet.
  F-2
  
 **INROB
                    TECH LTD.****STATEMENTS
                    OF OPERATIONS AND****COMPREHENSIVE
                    (LOSS) (NOTE 2)****FOR
                    THE THREE-MONTHS AND NINE-MONTHS****ENDED
                    SEPTEMBER 30, 2006, AND 2005****(Unaudited)****Three
                    Months Ended**
                
                **Nine
                    Months Ended****September
                    30,**
                
                **September
                    30,****2006**
                
                **2005**
                
                **2006**
                
                **2005****Revenues:**Services
                
                $
                69,519
                
                $
                108,086
                
                $
                929,835
                
                $
                879,201Product
                    sales
                
                
                112,706
                
                
                2,161
                
                
                297,231
                
                
                239,546Total
                    revenues
                
                
                182,225
                
                
                110,247
                
                
                1,227,066
                
                
                1,118,747**Cost
                    of Goods Sold:**Services
                
                
                386,126
                
                
                358,614
                
                
                909,549
                
                
                966,322Product
                    sales
                
                
                60,644
                
                
                23,076
                
                
                136,461
                
                
                77,316Total
                    cost of goods sold
                
                
                446,770
                
                
                381,690
                
                
                1,046,010
                
                
                1,043,638**Gross
                    Profit (Deficit)**
                
                
                (264,545
                )
                
                (271,443
                )
                
                181,056
                
                
                75,109**Expenses:**General
                    and administrative
                
                
                198,967
                
                
                159,900
                
                
                526,109
                
                
                326,199Total
                    general and administrative expenses
                
                
                198,967
                
                
                159,900
                
                
                526,109
                
                
                326,199**(Loss)
                    from Operations**
                
                
                (463,512
                )
                
                (431,343
                )
                
                (345,053
                )
                
                (251,090
                )**Other
                    Income (Expense):**Interest
                    and other income
                
                
                13,921
                
                
                1,473
                
                
                51,571
                
                
                1,572Interest
                    (expense)
                
                
                (13,267
                )
                
                (18,060
                )
                
                (34,807
                )
                
                (55,401
                )Total
                    other income (expense)
                
                
                654
                
                
                (16,587
                )
                
                16,764
                
                
                (53,829
                )**(Loss)
                    before Income Taxes**
                
                
                (462,858
                )
                
                (447,930
                )
                
                (328,289
                )
                
                (304,919
                )**(Provision)
                    Benefit for income taxes**
                
                
                193,424
                
                
                42
                
                
                175,279
                
                
                (3,571
                )**Net
                    (Loss)**
                
                
                (269,434
                )
                
                (447,888
                )
                
                (153,010
                )
                
                (308,490
                )**Comprehensive
                    (Loss):**Israeli
                    currency translation
                
                
                (9,443
                )
                
                17,736
                
                
                5,018
                
                
                31,591**Total
                    Comprehensive (Loss)**
                
                $
                (278,877
                )
                $
                (430,152
                )
                $
                (147,992
                )
                $
                (276,899
                )**(Loss)
                    Per Common Share:**(Loss)
                    per common share - Basic and Diluted
                
                $
                (0.00
                )
                $
                (0.01
                )
                $
                (0.00
                )
                $
                (0.01
                )**Weighted
                    Average Number of Common Shares****Outstanding
                    During the Periods- Basic and Diluted**
                
                
                61,350,180
                
                
                39,448,949
                
                
                61,350,180
                
                
                31,183,333
 The
        accompanying notes to financial statements are
 an
        integral part of these statements.
 
  F-3
   **INROB
                    TECH LTD.****STATEMENTS
                    OF CASH FLOWS (NOTE 2)****FOR
                    THE NINE MONTHS ENDED SEPTEMBER 30, 2006, AND
                    2005****(Unaudited)****Nine
                    Months Ended****September
                    30,****2006**
                
                **2005****Operating
                    Activities:**Net
                    (loss)
                
                $
                (153,010
                )
                $
                (308,490
                )Adjustments
                    to reconcile net income to net cash providedby
                    (used in) operating activities:Depreciation
                    and amortization
                
                
                57,214
                
                
                57,687Deferred
                    income taxes
                
                
                (147,895
                )
                
                -Reserve
                    for (recovery of ) loss on contract
                
                
                (11,764
                )
                
                -Changes
                    in net assets and liabilities-Accounts
                    receivable
                
                
                (25,932
                )
                
                24,827Inventories
                
                
                (167,907
                )
                
                114,796Cost
                    of uncompleted contracts in excess of billings
                
                
                36,175
                
                
                -Prepaid
                    expenses and deposits
                
                
                4,612
                
                
                24,592Accounts
                    payable - trade and accrued liabilities
                
                
                314,968
                
                
                (53,726
                )Billings
                    on uncompleted contracts in excess of related costs
                
                
                119,165
                
                
                -Deferred
                    revenue
                
                
                159,579
                
                
                (207,304
                )Income
                    taxes payable and other
                
                
                (20,272
                )
                
                8,809**Net
                    Cash Provided by (Used in) Operating Activities**
                
                
                164,933
                
                
                (338,809
                )**Investing
                    Activities:**Purchases
                    of and adjustments to property and equipment
                
                
                (75,192
                )
                
                (10,888
                )**Net
                    Cash (Used in) Investing Activities**
                
                
                (75,192
                )
                
                (10,888
                )**Financing
                    Activities:**Payments
                    on long-term debt
                
                
                (46,945
                )
                
                (94,319
                )Proceeds
                    from (offset to) bank overdrafts
                
                
                26,440
                
                
                (341,698
                )Proceeds
                    from issuance of convertible debentures
                
                
                -
                
                
                675,000Deferred
                    offering costs
                
                
                (10,000
                )
                
                -Loan
                    receivable - Director and stockholder
                
                
                (14,213
                )
                
                -Payments
                    on Loan receivable - Director and stockholder
                
                
                (192,500
                )
                
                (312,497
                )Proceeds
                    from loan from related party - Investor group
                
                
                137,875
                
                
                -Due
                    from related party - Director and stockholder
                
                
                199,520
                
                
                -Loans
                    to related party companies
                
                
                (194,936
                )
                
                391,620**Net
                    Cash Provided by (Used in) Financing Activities**
                
                
                (94,759
                )
                
                318,106**Effect
                    of Exchange Rate Changes on Cash**
                
                
                5,018
                
                
                31,591**Net
                    Increase (Decrease) in Cash**
                
                
                -
                
                
                -**Cash
                    - Beginning of Period**
                
                
                -
                
                
                -**Cash
                    - End of Period**
                
                $
                -
                
                $
                -
 
 The
        accompanying notes to financial statements are
 an
        integral part of these statements.
  F-4
  **INROB
                    TECH LTD.****STATEMENTS
                    OF CASH FLOWS (NOTE 2)****FOR
                    THE NINE MONTHS ENDED SEPTEMBER 30, 2006, AND
                    2005****(Unaudited)****Supplemental
                    Disclosures of Cash Flow Information:**Cash
                    paid during the period for:Interest
                
                $
                31,638
                
                $
                37,891Income
                    taxes
                
                $
                20,147
                
                $
                6,789
 
 **Supplemental
          Information of Noncash Investing and Financing Activities:**
 
 On
          January 5, 2005, a former Director and officer of Inrob Tech exercised
          91,075
          stock options to purchase a like number of shares of common stock for $0.439
          per
          share, or $40,000. The value of the common stock was charged against notes
          payables, accrued interest and accrued compensation due to the former Director
          and officer. In addition, on February 21, 2005, the Board of Directors
          of Inrob
          Tech accepted the exercise of stock options by two parties to acquire 18,215
          shares of common stock for $0.439 per share, or $8,000. The value of the
          common
          stock was charged against accrued compensation due to the same former Director
          and officer.
 
 In
          July
          2005, the Company issued 602,806 shares of its common stock in satisfaction
          of
          certain accounts payable, accrued liabilities, accrued compensation and related
          taxes, and notes payable. The value of the obligations satisfied by issuance
          of
          common stock was $152,586.
 
 On
          July
          21, 2005, Inrob Tech issued to a former Director and officer of the Company
          350,000 shares of its common stock for prior services and the satisfaction
          of
          $40,000 of liabilities of the Company.
 
 On
          July
          21, 2005, the Company entered into a Stock Purchase Agreement with Inrob
          Israel,
          and issued 26,442,585 shares of its common (post reverse split) for all
          of the
          issued and outstanding capital stock of Inrob Israel (10,020 shares of
          common
          stock). At the same time, the Company effected a 10.98 for 1 reverse stock
          split
          of its common stock. Immediately following the completion of the Stock
          Purchase
          Agreement transaction, the Company had 29,999,995 shares of its common
          stock
          outstanding. At that time, Mr. Ben-Tsur Joseph, the sole Director and officer
          of
          Inrob Israel, owned 28,500,000 shares of the Company's common stock, or
          95
          percent of the then issued and outstanding common stock of Inrob Tech,
          and had
          voting control. Through this process Inrob Israel is considered to have
          acquired
          Inrob Tech by a reverse merger. The reverse merger has been recorded as
          a
          recapitalization of the Company, with the net assets of Inrob Israel and
          Inrob
          Tech brought forward at their historical bases. The costs associated with
          the
          reverse merger have been expensed as incurred.
 
 On
          July
          31, 2005, the Company issued 10,114,470 shares of its common stock for
          the
          conversion of a convertible debenture issued to a third-party entity by
          Inrob
          Israel. The value of the common stock issued was $250,000.
 
 On
          September 15, 2005, the Company issued 21,035,715 shares of its common
          stock for
          the conversion of a convertible debenture issued to a third-party entity
          by
          Inrob Israel. The value of the common stock issued was $632,500.
 
 On
          November 30, 2005, the Company issued 200,000 shares of its common stock
          in
          connection with the satisfaction of accured interest on the $250,000 convertible
          debenture issued by Inrob Israel (see above). The value of the common stock
          issued was $25,000.
 
 The
        accompanying notes to financial statements are
 an
        integral part of these statements.
 
  F-5
 
 **INROB
          TECH LTD.**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **SEPTEMBER
          30, 2006, AND 2005**
 **(Unaudited)**
   **(1)**  **Summary
        of Significant Accounting Policies**
 
 **** *Basis
        of Presentation and Organization*
 
 Inrob
        Tech Ltd. (“Inrob Tech” or the “Company”) is a Nevada corporation which provides
        engineering products and services for the maintenance of critical and
        sophisticated equipment, and the integration and production of advanced wireless
        control solutions for unmanned air and ground vehicle (“UVR”) robots. The remote
        control systems of the Company are the “brains” for many UVR solutions. The
        current nature of Israel’s security situation coupled with the Company’s close
        work with the Israeli Defense Forces (“IDF”) and the Israeli police, has helped
        the Company gain extensive experience in a wide range of military and law
        enforcement UVR applications and control solutions. The Company has also
        targeted the civilian applications market, which includes solar powered
        equipment, and dangerous tasks such as nuclear plant maintenance, inspection
        and
        decommissioning, the demolition industry, and firefighting and rescue services.
        The accompanying financial statements of Inrob Tech were prepared from the
        accounts of the Company under the accrual basis of accounting in United States
        dollars. In addition, the accompanying financial statements reflect the
        completion of a reverse merger between Inrob Tech and Inrob Ltd. (“Inrob
        Israel”), which was effected on July 21, 2005.
 
 Prior
        to
        the completion of the reverse merger, Inrob Tech was a near dormant corporation
        with virtually no assets or operations (essentially since April 1, 2001,
        when
        the Company sold its paging business, known as The Sports Page and Score
        Page to
        BeepMe, to a third party vendor and creditor). The Company was originally
        incorporated in the State of Nevada under the name of Beeper Plus, Inc. On
        July
        15, 2003, the Company then changed its name to Western Gaming Corporation.
        On
        August 17, 2005, the Company again changed its name to Inrob Tech Ltd. to
        reflect the reverse merger effected on July 21, 2005, and its new business
        plan.
 
 Inrob
        Israel was organized as an Israeli corporation in 1988, under the name of
        Eligal
        Laboratories Ltd., and its UVR solutions include: (i) remote control systems
        (the “brains” of any robot); (ii) complete robot systems; and (iii) customized
        solutions. Inrob Israel is certified to design, manufacture and maintain
        electronic, optical and electro-mechanical equipment, and is a certified
        supplier to the Israeli Defense Forces and the Israeli Air Force. It has
        also
        been issued a certificate from the Israeli Air Force stating that its quality
        system is approved to perform inspections of products and services supplied
        to
        the Israeli Air Force. Inrob Israel changed its name to Inrob Ltd. in September
        2003.
 
 In
        addition, in January 2004, Inrob Israel completed two equity purchase
        transactions with separate entities and raised $195,000 from the issuance
        of
        30,000,000 shares of its common stock. Thereafter, Inrob Israel commenced
        a
        registration activity of such shares of its common stock on behalf of the
        two
        entities as selling shareholders on Form F-1 with the Securities and Exchange
        Commission (“SEC”). The registration activity continued through December 31,
        2004, and into the year 2005. In early 2005, Inrob Israel decided not to
        complete the registration of the common stock of the selling shareholders
        with
        the SEC, and withdrew its registration statement on July 28, 2005. As an
        alternative transaction, effective July 21, 2005, Inrob Israel completed
        the
        reverse merger with Inrob Tech, a publicly traded Nevada
        corporation.
  F-6
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 Given
        that Inrob Israel is considered to have acquired Inrob Tech by a reverse
        merger
        through a Stock Purchase Agreement, and its sole stockholder currently has
        voting control of the Company, the accompanying financial statements and
        related
        disclosures in the notes to financial statements present the financial position
        as of September 30, 2006, and the operations for the periods ended September
        30,
        2006, and 2005, of Inrob Israel under the name of Inrob Tech Ltd. The reverse
        merger has been recorded as a recapitalization of the Company, with the net
        assets of Inrob Israel and Inrob Tech brought forward at their historical
        bases.
        The costs associated with the reverse merger have been expensed as
        incurred.
 
 *Unaudited
        Interim Financial Statements*
 
 The
        interim financial statements as of September 30, 2006, and for the periods
        ended
        September 30, 2006, and 2005, are unaudited. However, in the opinion of
        management, the interim financial statements include all adjustments, consisting
        only of normal recurring adjustments, necessary to present fairly the Company’s
        financial position as of September 30, 2006, and the results of its operations
        and its cash flows for the periods ended September 30, 2006, and 2005. These
        results are not necessarily indicative of the results expected for the calendar
        year ending December 31, 2006. The accompanying financial statements and
        notes
        thereto do not reflect all disclosures required under accounting principles
        generally accepted in the United States. Refer to Inrob Tech Ltd.’s audited
        financial statements contained in its Annual Report on Form 10-KSB as of
        December 31, 2005, for additional information, including significant accounting
        policies.
 
 *Cash
        and Cash Equivalents*
 
 For
        purposes of reporting within the statement of cash flows, the Company considers
        all cash on hand, cash accounts not subject to withdrawal restrictions or
        penalties, and all highly liquid debt instruments purchased with a maturity
        of
        three months or less to be cash and cash equivalents.
 
 *Restricted
        Cash*
 
 The
        Company maintains restricted cash as funds designated for specific purposes
        or
        for compliance with terms of contractual agreements. As of September 30,
        2006,
        $271,911 was pledged as collateral against certain bank loans, and offset
        against bank overdrafts for financial reporting purposes.
  *Accounts
        Receivable*
 
 Accounts
        receivable consist of amounts due from customers, employees and related parties.
        The Company establishes an allowance for doubtful accounts in amounts sufficient
        to absorb potential losses on accounts receivable. As of September 30, 2006,
        no
        allowance for doubtful accounts was deemed necessary. While management uses
        the
        best information available upon which to base estimates, future adjustments
        to
        the allowance may be necessary if economic conditions differ substantially
        from
        the assumptions used for the purpose of analysis.
 
 
  F-7
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 
 *Revenue
        Recognition*
 
 The
        Company generates revenues from product sales and maintenance service
        contracts.
 
 Revenues
        from product sales are recognized on a completed-contract basis, in accordance
        with Staff Accounting Bulletin No. 104, “ *Revenue
        Recognition in Financial Statements* ”
(“SAB
        No. 104”) and Statement of Position 81-1, “ *Accounting
        for Performance of Construction-Type and Certain Production-Type
        Contracts.* ”
Revenue
        is recognized when delivery has occurred provided there is persuasive evidence
        of an agreement, acceptance tests results have been approved by the customer,
        the fee is fixed or determinable and collection of the related receivable
        is
        probable. Customers are billed, according to individual agreements, upon
        completion of the contract. All product costs are deferred and recognized
        on
        completion of the contract and customer acceptance. A provision is made for
        the
        amount of any expected loss on a contract at the time it is known. As of
        September 30, 2006, the Company had a reserve for estimated loss on a contract
        in the amount of $38,333.
 
 On-going
        maintenance service contracts are negotiated separately at an additional
        fee.
        The maintenance service is separate from the functionality of the products,
        which can function without on-going maintenance. Revenues relating to
        maintenance service contracts are recognized as the services are rendered
        ratably over the period of the related contract.
 
 The
        Company is not required to perform significant post-delivery obligations,
        does
        not provide warranties and does not allow product returns. As such, no provision
        is made for costs of this nature.
 
 The
        Company does not sell products with multiple deliverables. It is management’s
        opinion that EITF 00-21, “ *Revenue
        Arrangements With Multiple Deliverables* ”
is
        not
        applicable.
  *Property
        and Equipment*
 
 The
        components of property and equipment are stated at cost. Property and equipment
        costs are depreciated or amortized for financial reporting purposes over
        the
        useful lives of the related assets by the straight-line method. Useful lives
        utilized by the Company for calculating depreciation or amortization are
        as
        follows:
 Computer
                  and office equipment
              5
                  to 10 yearsFurniture
                  and fixtures
              3
                  to 15 yearsVehicles
              5
                  to 6 yearsLeasehold
                  improvements
              10
                  years
 
 Upon
        disposition of an asset, its cost and related accumulated depreciation or
        amortization are removed from the accounts, and any resulting gain or loss
        is
        recognized.
 
 
  F-8
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 
 *Impairment
        of Long-Lived Assets*
 
 The
        Company evaluates the recoverability of long-lived assets and the related
        estimated remaining lives when events or circumstances lead management to
        believe that the carrying value of an asset may not be recoverable. For the
        periods ended September 30, 2006, and 2005, no events or circumstances occurred
        for which an evaluation of the recoverability of long-lived assets was
        required.
 
 *Earnings
        (Loss) Per Common Share*
 
 Basic
        earnings (loss) per share is computed by dividing the net income (loss)
        attributable to the common stockholders by the weighted average number of
        shares
        of common stock outstanding during the period. Fully diluted earnings (loss)
        per
        share is computed similar to basic earnings (loss) per share except that
        the
        denominator is increased to include the number of additional common shares
        that
        would have been outstanding if the potential common shares had been issued
        and
        if the additional common shares were dilutive.
 
 *Common
        Stock Registration Expenses*
 
 The
        Company considers incremental costs and expenses related to the registration
        of
        equity securities with the SEC, whether by contractual arrangement as of
        a
        certain date or by demand, to be unrelated to original issuance transactions.
        As
        such, subsequent registration costs and expenses are reflected in the
        accompanying financial statements as general and administrative expenses,
        and
        are expensed as incurred.
 
 *Research
        and Development Costs*
 
 The
        Company conducts research and development activities for others under
        contractual arrangements. Research and development costs incurred under
        contractual arrangements are accounted for in accordance with Statement of
        Financial Accounting Standards No. 68, *“Research
        and Development Agreements”* (“SFAS
        68”). All costs incurred under the contractual arrangements are deferred and
        recognized as cost of sales (product sales) upon completion of the contract
        work.
 
 *Deferred
        Offering Costs*
 
 The
        Company defers as other assets the direct incremental costs of raising capital
        until such time as the offering is completed. At the time of the completion
        of
        the offering, the costs are charged against the capital raised. Should the
        offering be terminated, deferred offering costs are charged to operations
        during
        the period in which the offering is terminated. As of September 30, 2006,
        the
        Company recorded $10,000 as deferred offering costs in connection with a
        capital
        formation activity.
 
 *Advertising
        and Promotion Costs*
 
 Advertising
        and promotion costs are charged to operations when incurred. For the three
        months ended September 30, 2006, and 2005, advertising and promotion costs
        amounted to $4,600 and $695, respectively. For the nine months ended September
        30, 2006, and 2005, advertising and promotion costs amounted to $91,421,
        and
        $5,469, respectively.
  F-9
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 
 *Comprehensive
        Income (Loss)*
 
 The
        Company presents comprehensive income (loss) in accordance with Statement
        of
        Financial Accounting Standards No. 130, “ *Reporting
        Comprehensive Income”* (“SFAS
        130”). SFAS 130 states that all items that are required to be recognized under
        accounting standards as components of comprehensive income (loss) be reported
        in
        the financial statements. For the periods ended September 30, 2006, and 2005,
        the only components of comprehensive income (loss) were the net income (loss)
        for the periods, and the foreign currency translation adjustments.
 
 *Income
        Taxes*
 
 The
        Company accounts for income taxes pursuant to SFAS No. 109, “ *Accounting
        for Income Taxes”* (“SFAS
        109”). Under SFAS 109, deferred tax assets and liabilities are determined based
        on temporary differences between the bases of certain assets and liabilities
        for
        income tax and financial reporting purposes. The deferred tax assets and
        liabilities are classified according to the financial statement classification
        of the assets and liabilities generating the differences.
 
 The
        Company maintains a valuation allowance with respect to deferred tax assets.
        The
        Company establishes a valuation allowance based upon the potential likelihood
        of
        realizing the deferred tax asset and taking into consideration the Company’s
        financial position and results of operations for the current period. Future
        realization of the deferred tax benefit depends on the existence of sufficient
        taxable income within the carryforward period under the Federal tax
        laws.
 
 Changes
        in circumstances, such as the Company generating taxable income, could cause
        a
        change in judgment about the realizability of the related deferred tax asset.
        Any change in the valuation allowance will be included in income in the year
        of
        the change in estimate.
 
 *Foreign
        Currency Translation*
 
 The
        Company accounts for foreign currency translation pursuant to SFAS No. 52,
        “ *Foreign
        Currency Translation”* (“SFAS
        52”). The Company’s functional currency is the Israeli New Shekel. Under SFAS
        52, all assets and liabilities are translated into United States dollars
        using
        the current exchange rate at the end of each fiscal period. Revenues and
        expenses are translated using the average exchange rates prevailing throughout
        the respective periods. Translation adjustments are included in other
        comprehensive income (loss) for the period. Certain transactions of the Company
        are denominated in United States dollars. Translation gains or losses related
        to
        such transactions are recognized for each reporting period in the related
        statement of operations and comprehensive income (loss).
 
 
 
  F-10
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 *Fair
        Value of Financial Instruments*
 
 The
        Company estimates the fair value of financial instruments using the available
        market information and valuation methods. Considerable judgment is required
        in
        estimating fair value. Accordingly, the estimates of fair value may not be
        indicative of the amounts the Company could realize in a current market
        exchange. As of September 30, 2006, the Company’s financial instruments
        approximated fair value to do the nature and maturity of such
        instruments.
 
 *Estimates*
 
 The
        financial statements are prepared on the basis of accounting principles
        generally accepted in the United States. The preparation of financial statements
        in conformity with generally accepted accounting principles requires management
        to make estimates and assumptions that affect the reported amounts of assets
        and
        liabilities as of September 30, 2006, and revenues and expenses for the periods
        ended September 30, 2006, and 2005. Actual results could differ from those
        estimates made by management.
 
 **(2)**  **Going
        Concern**
 
 During
        the period ended September 30, 2006, and subsequent thereto, Inrob Tech
        continued its operations, and through the latter part of July 2005, its common
        stock registration activities. Subsequent to July 21, 2005, the effective
        date
        of the reverse merger between Inrob Tech and Inrob Israel, Inrob Israel withdrew
        its Registration Statement on Form F-1 with the SEC, and the Company pursued
        its
        operations, bank overdraft and debt reduction activities with the proceeds
        provided from convertible debentures and other transactions involving its
        common
        stock.
 
 While
        management of the Company believes that the Company will be successful in
        sustaining its operating activities and thereby increasing its working capital
        from the completion of a reverse merger and third-party loans, there can
        be no
        assurance that the Company will be able to raise the funds needed to meet
        its
        debt and working capital obligations under its business plan, or be successful
        in the sale of its products and services that will generate sufficient revenues
        to sustain the operations of the Company.
 
 The
        accompanying financial statements have been prepared in conformity with
        accounting principles generally accepted in the United States of America,
        which
        contemplate continuation of the Company as a going concern. The Company has
        incurred operating losses, had negative working capital as of September 30,
        2006, and the cash resources of the Company are insufficient to meet its
        planned
        business objectives. These and other factors raise substantial doubt about
        the
        Company’s ability to continue as a going concern. The accompanying financial
        statements do not include any adjustments to reflect the possible future
        effects
        on the recoverability and classification of assets or the amounts and
        classification of liabilities that may result from the possible inability
        of the
        Company to continue as a going concern.
  F-11
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 **(3)**  **Inventories**
 
 As
        of
        September 30, 2006, inventories consisted of the following:
 
 2006Work
                    in progress
                
                $
                601,689Materials
                
                
                43,525Total
                
                $
                645,214
 
 **(4)**  **Loan
        Receivable - Director and Stockholder**
 
 As
        discussed in Note 8, in July 2005, Inrob Israel purchased, on behalf of Ben-Tsur
        Joseph, President, sole Director and stockholder, 2,057,415 shares of common
        stock of Inrob Tech in connection with the reverse merger. The amount of
        consideration provided by Inrob Israel for the shares was $475,000. Thereafter,
        Mr. Joseph entered into a Share Transfer and Loan Agreement with Inrob Israel
        whereby the company transferred to Mr. Joseph 2,057,415 shares of the common
        stock of Inrob Tech in exchange for a promissory note issued by Mr. Joseph
        in
        the amount of $475,000. The promissory note carries an interest rate of four
        (4)
        percent per annum, and is payable to Inrob Israel on demand. As of September
        30,
        2006, the balance owed on the loan plus accrued interest amounted to $497,697.
 
 **(5)**  **Loans
        to Related Party Companies**
  Loans
        to
        related party companies bear interest at a variable rate equivalent to the
        minimum rate allowed by the Israel Income Tax Ordinance (4% percent), are
        unsecured and are due, including principal and interest, on December 31,
        2008.
        As of September 30, 2006, the loans consisted of the following:
 
 2006Ben-Tsur
                    Joseph Holdings Ltd.
                
                $
                231,198Elina
                    Industries Ltd.
                
                
                220,807Totals
                
                $
                452,005
 
 **(6)**  **Bank
        Indebtedness**
 
 The
        Company has various short-term loans and bank loan arrangements to fund its
        operations. As security for bank indebtedness, it has pledged and assigned
        to
        Israel Discount Bank all of its revenues from purchase orders with certain
        national government customers, as well as a second collateral position on
        all
        other receivables and assets.
 
 **(7)**  **Convertible
        Debentures**
 
 As
        of
        August 1, 2004, in connection with the conversion of the common stock equity
        investments of two shareholder entities (see Note 8), and the assignment
        of the
        rights and interests of such entities to a third-party entity, Inrob Israel
        issued a convertible debenture (the “Debenture”) in the amount of $250,000. The
        Debenture carried an interest rate of ten (10) percent per annum, and was
        due on
        July 31, 2005, unless otherwise paid to the holder, or converted into shares
        of
        common stock. So long as Inrob Israel was not in default, the holder of the
        Debenture was to receive shares of common stock at a discount of fifty-five
        (55%) percent of the average closing bid price for the three days immediately
        prior to the receipt of the notice of conversion from the holder divided
        into
        the face amount of the Debenture plus accrued interest. The Debenture also
        provided that the maturity date may be extended to a date when Inrob Israel’s
        common stock was publicly traded on a recognized stock exchange. As of July
        31,
        2005, Inrob Israel was in default under the terms of the Debenture, and could
        not repay the amount due. The Debenture was then assumed by Inrob Tech and
        converted into 10,114,285 shares of its publicly traded common stock. On
        November 30, 2005, accrued interest of $25,000 related to the Debenture was
        also
        satisfied by the issuance of 200,000 publicly traded shares of common
        stock.
  F-12
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 
 On
        July
        21, 2005, Inrob Israel issued a convertible debenture (the “Second Debenture”)
        in the amount of $575,000 to a third-party entity. The Second Debenture carried
        an interest rate of ten (10) percent per annum, and payments of principal
        and
        interest were due and payable as follows: (i) on or about October 1, 2005,
        $200,000; (ii) on or about December 1, 2005, $200,000; and, (iii) on or about
        February 1, 2006, the remaining amount, including interest, of $232,500.
        So long
        as Inrob Israel was not in default, the holder of the Second Debenture was
        to
        receive shares of common stock at a discount of fifty-five (55%) percent
        of the
        average closing bid price for the three days immediately prior to the receipt
        of
        the notice of conversion from the holder divided into the face amount of
        the
        Second Debenture plus accrued interest. The amount of the Second Debenture
        was
        subsequently increased from $575,000 to $632,500. On September 13, 2005,
        the
        Second Debenture was in default for nonpayment. Thereafter, effective September
        15, 2005, the Second Debenture obligation was assumed by Inrob Tech, and
        satisfied by the issuance of 21,035,715 publicly traded shares of common
        stock.
 
 On
        September 30, 2005, the Company issued a convertible debenture (the “Third
        Debenture”) in the amount of $42,500 to the same third-party entity that was the
        recipient of the Second Debenture. The Third Debenture carries an interest
        rate
        of ten (10) percent per annum, was due on November 30, 2005, and is convertible
        into 2,000,000 publicly traded shares of the Company’s common stock. The due
        date of the Third Debenture was extended to December 31, 2006, by written
        agreement between the parties. As of September 30, 2006, accrued interest
        on the
        Third Debenture, amounting to $4,250, was reflected as a component of accrued
        liabilities in the accompanying balance sheet. In addition, effective September
        30, 2006, the third-party entity executed a document wherein it indicated
        that
        it had waived its right to convert the Third Debenture to common stock of
        the
        Company.
  **(8)**  **Capital
        Stock**
 
 On
        January 5, 2005, a former Director and officer of Inrob Tech exercised 91,075
        stock options to purchase a like number of shares of common stock for $0.439
        per
        share, or $40,000. The value of the common stock was charged against notes
        payable, accrued interest and accrued compensation due to the former Director
        and officer. In addition, on February 21, 2005, the Board of Directors of
        Inrob
        Tech accepted the exercise of stock options by two parties to acquire 18,215
        shares of common stock for $0.439 per share, or $8,000. The value of the
        common
        stock was charged against accrued compensation due to a former Director and
        officer.
  F-13
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 In
        July
        2005, the Company issued 602,806 shares of its common stock in satisfaction
        of
        certain accounts payable, accrued liabilities, accrued compensation and related
        taxes, and notes payable. The value of the obligations satisfied by issuance
        of
        common stock was $152,586.
 
 On
        July
        21, 2005, Inrob Israel purchased, on behalf of Ben-Tsur Joseph, President,
        sole
        Director and stockholder, 2,057,415 shares of common stock of the Company
        in
        connection with the reverse merger. The amount of consideration provided
        by
        Inrob Israel for the shares was $475,000. Thereafter, Mr. Joseph entered
        into a
        Share Transfer and Loan Agreement with Inrob Israel whereby the company
        transferred to Mr. Joseph 2,057,415 shares of the common stock of Inrob Tech
        in
        exchange for a promissory note issued by Mr. Joseph in the amount of $475,000.
        The promissory note carries an interest rate of four (4) percent per annum,
        and
        is payable to Inrob Israel on demand.
 
 On
        July
        21, 2005, Inrob Tech issued to a former Director and officer of the Company
        350,000 shares of its common stock for prior services and the satisfaction
        of
        $40,000 of liabilities of the Company.
  On
        July
        21, 2005, the Company entered into a Stock Purchase Agreement with Inrob
        Israel,
        and issued 26,442,585 shares of its common stock (post reverse split) for
        all of
        the issued and outstanding capital stock of Inrob Israel (10,020 shares of
        common stock). At the same time, the Company effected a 10.98 for 1 reverse
        stock split of its common stock. Immediately following the completion of
        the
        Stock Purchase Agreement transaction, the Company had 29,999,995 shares of
        its
        common stock outstanding. At that time, Ben Tsur Joseph, the sole officer
        and
        Director of Inrob Israel, owned 28,500,000 shares of the Company’s common stock,
        or 95 percent of the then issued and outstanding common stock of Inrob Tech,
        and
        had voting control. Through this process Inrob Israel is considered to have
        acquired Inrob Tech by a reverse merger. The reverse merger has been recorded
        as
        a recapitalization of the Company, with the net assets of Inrob Israel and
        Inrob
        Tech brought forward at their historical bases. The costs associated with
        the
        reverse merger have been expensed as incurred.
 
 Effective
        January 1, 2004, Inrob Israel issued 30,000,000 shares of common stock (post
        100
        for 1 stock split) to two unrelated entities as equity investors for
        consideration in the amount of $195,000. Thereafter, the Inrob Israel commenced
        a registration activity of such shares of its common stock on behalf of the
        two
        entities as selling shareholders on a Form F-1 Registration Statement with
        the
        SEC. The proceeds from the issuance of common stock were used to pay legal
        and
        other professional fees and expenses associated with the Inrob Israel’s common
        stock registration activities with the SEC. The registration activity continued
        through December 31, 2004, and into the year 2005. In early 2005, management
        decided not to complete the registration of the common stock of the selling
        shareholders with the SEC, and withdrew its registration statement on July
        28,
        2005. As of August 1, 2004, Inrob Israel notified the two investors that
        it was
        converting their equity investment in common stock into the Debenture. The
        two
        shareholder entities immediately assigned their rights and interests in the
        Debenture to a third-party entity. Inrob Israel canceled the 100 for 1 stock
        split and the issuance of the 30,000,000 shares of its common stock.
 
 In
        March
        2005, Ben-Tsur Joseph, as President and a Director of Inrob Israel, entered
        into
        an agreement to purchase 5,010 shares of common stock, or fifty (50%) percent
        of
        the total outstanding common stock of that company, from Itshak Hamami, the
        other Director of the Inrob Israel. Thereafter, Mr. Joseph owned 100 percent
        of
        the issued and outstanding shares of common stock of the Inrob Israel and
        became
        the sole Director and officer of that company.
  F-14
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 **(9)**  **Recent
        Accounting Pronouncements**
 
 In
        July
        2005, the Financial Accounting Standards Board (“FASB”) issued an exposure draft
        of a proposed interpretation, *“Accounting
        for Uncertain Tax Positions - an Interpretation of SFAS Statement No.
        109,”* (“SFAS
        No. 109”). This interpretation would apply to all open tax positions accounted
        for in accordance with SFAS No. 109, including those acquired in business
        combinations. It is a proposed asset recognition approach to apply a dual
        threshold for uncertain tax positions. The interpretation would allow the
        recognition of a tax benefit when it is probable that it could be sustained
        upon
        audit. The interpretation defines “probable” as it is defined in SFAS No. 5, *“Accounting
        for Contingencies.”* The FASB
        has not established an effective date for the interpretation. The Company
        is
        currently reviewing the effect, if any, that the proposed guidance would
        have on
        its financial statements.
  In
        February 2006, the FASB issued SFAS No. 155, *“Accounting
        for Certain Hybrid Financial Instruments—an amendment of FASB Statements No. 133
        and 140,* ”
(“SFAS
        No. 155”). This Statement permits fair value of re-measurement for any hybrid
        financial instrument that contains an embedded derivative that otherwise
        would
        require bifurcation; clarifies which interest-only strips and principal-only
        strips are not subject to the requirements of SFAS No. 133, *“Accounting
        for Derivative Instruments and Hedging Activities,”* establishes a requirement to evaluate interests in securitized financial
        assets
        to identify interests that are freestanding derivatives or that are hybrid
        financial instruments that contain an embedded derivative requiring bifurcation;
        clarifies that concentrations of credit risk in the form of subordination
        are
        not embedded derivatives; and amended SFAS No. 140, *“Accounting
        for Transfers and Servicing of Financial Assets and Extinguishments of
        Liabilities,”* to
        eliminate the prohibition on a qualifying special-purpose entity from holding
        a
        derivative financial instrument that pertains to a beneficial interest other
        than another derivative financial instrument. SFAS No. 155 is effective for
        all
        financial instruments acquired, issued, or subject to a re-measurement (new
        basis) event occurring after the beginning of an entity’s first fiscal year that
        begins after September 15, 2006. The Company is currently reviewing the effect,
        if any, that this new pronouncement will have on its financial
        statements.
  In
        March
        2006, the FASB issued SFAS No. 156, *“Accounting
        for Servicing of Financial Assets,”* (“SFAS
        No. 156”), which amends SFAS No. 140, *”
        Accounting for Transfers and Servicing of Financial Assets and Extinguishments
        of Liabilities.* ”
In
        a
        significant change to current guidance, SFAS No. 156 permits an entity to
        choose
        either of the following subsequent measurement methods for each class of
        separately recognized servicing assets and servicing liabilities: (1)
        Amortization Method or (2) Fair Value Measurement Method. SFAS No. 156 is
        effective as of the beginning of an entity’s first fiscal year that begins after
        September 15, 2006. The Company is currently reviewing the effect, if any,
        that
        this new pronouncement will have on its financial statements.
 
 In
        June
        2006, the FASB issued SFAS Board Interpretation No. 48, “ *Accounting
        for Uncertainty in Income Taxes - an Interpretation of FASB statement No.
        109* ”
(“FIN
        48”), which clarifies the accounting for uncertainty in income taxes recognized
        in an enterprise’s financial statements in accordance with FASB No. 109. The
        interpretation prescribes a recognition threshold and measurement attribute
        for
        the financial statement recognition and measurement of a tax position taken
        or
        expected to be taken in a tax return. This interpretation also provides guidance
        on derecognition, classification, interest and penalties, accounting in interim
        periods, disclosure, and transition. FIN 48 is effective for fiscal years
        beginning after December 15, 2006. Earlier application of the provisions
        of FIN
        48 is encouraged if the enterprise has not yet issued financial statements,
        including interim financial statements, in the period this Interpretation
        is
        adopted. The Company is currently reviewing the effect, if any, that this
        new
        guidance with have on its financial statements.
  F-15
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 
 In
        September 2006, the FASB issued SFAS No. 157, “ *Fair
        Value Measurements* .”
This
        statement defines fair value, establishes a framework for measuring fair
        value
        in generally accepted accounting principles, and expands disclosure about
        fair
        value measurements. This statement applies under other accounting pronouncements
        that require or permit fair value measurement, the FASB having previously
        concluded in those accounting pronouncement that fair value is the relevant
        measurement attribute. This statement does not require any new fair value
        measurements. However, for some entities, the application of the statement
        will
        change current practice. This statement is effective for financial statements
        issued for fiscal years beginning after November 15, 2007, and interim periods
        within those fiscal years. The Company is currently reviewing the effect,
        if
        any, that this new pronouncement will have on its financial
        statements.
 
 In
        September 2006, the FASB issued SFAS No. 158, “ *Employers’
        Accounting for Defined Benefit Pension and Other Postretirement Plans - an
        amendment of FASB Statements No. 87, 88, 106 and 123(R)* .”
This
        statement improves financial reporting by requiring an employer to recognize
        the
        overfunded or underfunded status of a defined benefit postretirement plan
        (other
        than a multi-employer plan) as an asset or liability in its statement of
        financial position and to recognize changes in that funded status in the
        year in
        which the changes occur through comprehensive income of a business entity
        or
        changes in unrestricted net assets for a not-for-profit organization. This
        statement also improves financial reporting by requiring an employer to measure
        the funded status of a plan as of the date of its year-end statement of
        financial position, with limited exceptions. The Company does not expect
        the
        adoption of this pronouncement to have a material impact on its financial
        statements.
 
 **(10)**  **Related
        Party Transactions**
 
 Inrob
        Israel entered into a management agreement with a Director and officer on
        October 1, 2003, which was subsequently extended as to its commencement date
        to
        May 1, 2005. Other terms and conditions related to equipment usage commenced
        with the original date of the agreement. Under the terms of the agreement,
        the
        Company is obligated to pay $15,000 per month during the first year and $20,000
        per month thereafter for management fees. For the periods ended September
        30,
        2006, and 2005, the Company accrued $160,000 and $75,000, respectively under
        the
        management agreement. The Director and officer has agreed that he will not
        demand that the Company pay to him any accrued amounts related to the management
        agreement until the end of calendar year 2006. The management agreement does
        not
        have a specific completion date, but may be terminated by either party on
        written notice of three months.
 
 As
        described in Note 8 above, in July 2005, Inrob Israel purchased, on behalf
        of
        Ben-Tsur Joseph, its President, Director and sole stockholder, 2,057,415
        shares
        of common stock of Inrob Tech in connection with the reverse merger. The
        amount
        of consideration provided by Inrob Israel for the shares was $475,000.
        Thereafter, Mr. Joseph entered into a Share Transfer and Loan Agreement with
        Inrob Israel whereby the company transferred to Mr. Joseph 2,057,415 shares
        of
        the common stock of Inrob Tech in exchange for a promissory note issued by
        Mr.
        Joseph in the amount of $475,000. The promissory note carries an interest
        rate
        of four (4) percent per annum, and is payable to Inrob Israel on demand.
  F-16
 **INROB
            TECH LTD.**
 **NOTES
            TO FINANCIAL STATEMENTS**
 **SEPTEMBER
            30, 2006, AND 2005**
 **(Unaudited)**
  
 
 As
        of
        September 30, 2006, Mr. Ben-Tsur Joseph, President and Director of the Company,
        had loaned a total of $89,441 to the Company for working capital purposes.
        The
        loan is unsecured, non-interest bearing, and has no terms for
        repayment.
 
 **(11)**  **Commitments
        and Contingencies**
 
 For
        the
        year ended December 31, 2005, the Company was a party to a lease agreement
        in
        Israel for its premises which expired in January, 2006. In 2006, the Company
        entered into a new one-year lease agreement, with an option to extend the
        agreement for an additional year. The Company may terminate the lease agreement
        upon 60-days notice. Future minimum annual payments (exclusive of taxes,
        insurance and maintenance costs) under the lease are approximately $23,000
        for
        the remainder of the calendar year 2006.
 
 The
        Company also entered into two sublease agreements for its leased premises
        in
        Israel which expired on December 31, 2005, under which it received approximately
        $31,350 for the year. Subsequent to December 31, 2005, the sublease agreements
        continued on a month-to-month basis until April, 2006, and June, 2006,
        respectively, when the parties to the sublease agreements moved from the
        leased
        premises of the Company. For the nine months ended September 30, 2006, the
        Company received approximately $10,716 of sublease income from the two
        parties.
 
 In
        December 2005, the Company entered into an agreement for securing capital
        financing, and services related to stockholder relations and introductory
        services to market makers with an unrelated entity. The terms of the agreement
        required a payment of $50,000 at the commencement of the services which began
        in
        January 2006, and $10,000 per month thereafter for a period six months. For
        the
        nine months ended September 30, 2006, the Company paid $110,000 for services
        related to the agreement. Funding for the agreement was provided by an advance
        from a related party investor group.
 
 In
        February 2006, the Company entered into an agreement with MoneyTV for certain
        media services related to the promotion of the Company on an international
        level. The agreement required the payment of a fee of $11,500 for such services.
        Funding for the agreement was provided by an advance from a related party
        investor group.
 
 **(12)**  **Subsequent
        Event**
 
 On
        October 4, 2006, pursuant to authorization by the shareholders of the Company,
        Inrob Tech filed Amended Articles of Incorporation with the Nevada Secretary
        of
        State to increase the number of authorized shares of its common stock from
        80,000,000 shares authorized to 380,000,000 shares, and to change the par
        value
        of its preferred and common stock from $0.001 per share to $0.0001 per share.
        Subsequent to the filing, the Company was authorized to issue a total of
        400,000,000 shares, consisting of 380,000,000 shares of common stock and
        20,000,000 shares of preferred stock, all with a par value of $0.0001 per
        share.
  F-17
 **INROB
              TECH LTD.**
 **NOTES
              TO FINANCIAL STATEMENTS**
 **SEPTEMBER
              30, 2006, AND 2005**
 **(Unaudited)**
  On
          November 9, 2006, pursuant to written consent provided by the board of
          directors, the Company established 1,000 shares of Series A Preferred Stock,
          par
          value $0.0001 with the Nevada Secretary of State. Each share of Series
          A
          Preferred Stock carries voting rights equal to 400,000 shares of common
          stock of
          the Company. In addition, the board of directors authorized the issuance
          of
          1,000 shares of Series A Preferred Stock to Mr. Ben-Tsur Joseph, President
          and
          Director of the Company.
   F-18








**Item
      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF
      OPERATIONS.**





**FORWARD
      LOOKING STATEMENTS**





The
      following discussion should be read in conjunction with our unaudited interim
      financial statements and notes thereto included herein. In connection with,
      and
      because we desire to take advantage of, the “safe harbor” provisions of the
      Private Securities Litigation Reform Act of 1995, we caution readers regarding
      certain forward looking statements in the following discussion and elsewhere
      in
      this Report and in any other statement made by, or on our behalf, whether or
      not
      in future filings with the Securities and Exchange Commission. Forward-looking
      statements are statements not based on historical information and which relate
      to future operations, strategies, financial results or other developments.
      Forward looking statements are necessarily based upon estimates and assumptions
      that are inherently subject to significant business, economic and competitive
      uncertainties and contingencies, many of which are beyond our control, and
      many
      of which, with respect to future business decisions, are subject to change.
      These uncertainties and contingencies can affect actual results and could cause
      actual results to differ materially from those expressed in any forward-looking
      statements made by, or on our behalf. We disclaim any obligation to update
      forward-looking statements.








**General**


On
      July
      15, 2003, Beeper Plus, Inc. changed its name to Western Gaming Corporation.
      Western Gaming Corporation (the “Company” or “WGC”), a Nevada corporation, was
      incorporated on March 25, 1986, and has its corporate headquarters at 1515
      E.
      Tropicana Ave, #140, Las Vegas, NV, 89119. WGC was in the business of
      collecting, organizing and disseminating timely sports information through
      wireless services to individual and corporate customers throughout the United
      States, Canada and the Caribbean, as well as news information through a network
      of resellers. While the Company maintained its corporate name, Beeper Plus,
      Inc., we entered into a Purchase and Sale transaction on March 19, 2001, which
      became effective as of April 1, 2001. At that time, we sold the paging business
      known as The Sports Page and Score Page to BeepMe, a third party vendor and
      our
      creditor. As a consequence of the sale of our paging business, we ceased
      business operations in the paging business. On July 21, 2005, we entered into
      a
      Stock Purchase Agreement with Inrob Ltd., whereby we completed a reverse merger
      with Inrob Ltd., an Israeli engineering firm providing cost-efficient solution
      for organizations to outsource maintenance of critical and sophisticated
      equipment. We provide engineering products and services for the maintenance
      of
      critical and sophisticated equipment, and the integration and production of
      advanced wireless control solutions for unmanned air and ground vehicle (“UVR”)
      robots. The remote control systems of the Company are the “brains” for many UVR
      solutions.





**Competition**


Our
      competitors include several large, integrated defense contractors (e.g. Northrop
      Grumman, Lockheed Martin, Elbit, El-Op, Israel Aircraft Industries, Israel
      Military Industries). These companies have significantly greater financial,
      technical and human resources than we do, as well as a wider range of products
      than we have. In addition, many of our competitors have much greater experience
      in marketing their products, as well as more established relationships with
      our
      target government customers. Our competitors may also have greater name
      recognition and more extensive customer bases that they can use to their
      benefit. As a result, we may have difficulty maintaining our market
      share.





**Intellectual
      Property**


We
      do not
      have any patents, trademarks or any other protection over our intellectual
      property. All of our intellectual property is “know how” and not original
      proprietary intellectual property. As such, it and cannot be protected by patent
      or trademark. In addition, we do not have confidentiality agreements with any
      of
      our employees or suppliers with respect to our intellectual property. The theft
      or unauthorized use of our intellectual property is not sufficiently provided
      for, and our intellectual property is extremely susceptible to theft or
      unauthorized use. Any theft or unauthorized use of our intellectual property
      could materially adversely affect our operations.





**Employees**


As
      of
      September 30, 2006, we had 19 employees, as follows:




Number
                of EmployeesManagement
            
            
            3Marketing/Sales
            
            
            1Service
            
            
            5Sound/Service
                Projects
            
            
            6Production/Products
            
            
            4




There
      is
      currently a collective agreement signed between the labor federation and the
      industry union in Israel which applies on the employees of Inrob Tech Ltd.
      under
      an expansion order. We believe that our employee relations are
      good.





**General
      Information**


We
      are a
      SEC reporting company and file our Annual Report on Form 10-KSB, Quarterly
      Reports on Form 10-QSB, Current Reports on Form 8-K and amendments to these
      reports filed or furnished pursuant to Section 13 or 15(d) of the Securities
      and
      Exchange Act of 1934. We file these reports electronically with the SEC. The
      SEC
      maintains an Internet site at “http://www.sec.gov/” that contains these reports,
      any proxy and information statements, and other information that we are required
      to file. Go to the EDGAR link for company filings. A copy of this Report or
      any
      of our Reports are available without charge upon request by contacting our
      corporate office.





On
      July
      21, 2005, we entered into a Stock Purchase Agreement with the sole shareholder
      of Inrob Ltd., Ben-Tsur Joseph, whereby all of the issued and outstanding shares
      of Inrob Ltd. were acquired by us for a total of 26,442,585 shares of common
      stock, issued after the reverse split of the common stock at the rate of 10.98
      shares of old common stock for each one share of new common stock. As part
      of
      the reverse merger 2,057,415 shares of our common stock were purchased by Inrob
      Ltd on behalf of Mr. Joseph. Thereafter, Mr. Joseph entered into a Share
      Transfer and Loan Agreement with Inrob Ltd. whereby Inrob Ltd. transferred
      to
      Mr. Joseph 2,057,415 shares of our common stock of Inrob Tech Ltd. in exchange
      for a promissory note issued by Mr. Joseph in the amount of $475,000.





The
      shares issued to Mr. Joseph, together with the shares issued to Inrob Ltd.
      in
      the reverse merger, gave Mr. Joseph, at the time of the transaction, control
      over approximately 95 percent of the issued and outstanding shares of the common
      stock immediately after the effectiveness of the reverse split.





As
      part
      of the transaction with Mr. Joseph, Mr. Frank DeRenzo, former President and
      former controlling shareholder of the Company, received a total of 350,000
      shares of post reverse common stock for consultancy services provided in the
      past.





The
      name
      of our Company was changed to Inrob Tech Ltd. (“Inrob”) effective September 1,
      2005.




**PLAN
      OF OPERATIONS**





Our
      operating subsidiary is Inrob Ltd. (“Inrob Israel”). Inrob Israel was
      established in 1988 as an Israeli engineering firm providing cost-efficient
      solutions for organizations to outsource maintenance of critical and
      sophisticated equipment. We now provide maintenance support of industrial
      electronic, electro-mechanical, optical and other scientific equipment, mainly
      to customers in the defense industry.





Inrob
      Israel and its management team have built its operations on this engineering
      experience and expanded customer base. In 1992 a second area of operations
      was
      added. Today, on top of our maintenance and support services, we develop,
      integrate and produce advanced wireless control solutions for unmanned air
      and
      ground vehicle (“UVR”) robots. Our remote control systems are the “brains” for
      many UVR solutions.





The
      current nature of Israel’s security situation coupled with our close work with
      the Israel Defense Forces (“IDF”) and the Israeli police, has helped us gain
      extensive experience in a wide range of military and law enforcement UVR
      applications and control solutions. We have the ability to provide fast and
      reliable solutions to meet the immediate operational needs of front-line IDF
      units as they arise. We recently began targeting the civilian applications
      market, which includes solar energy applications, and dangerous tasks services
      such as nuclear plant maintenance, inspection and decommissioning, the
      demolition industry, firefighting and rescue services.





Our
      UVR
      solutions include:




·
              Remote
                  control systems (the “brains” of any
                  robot)
 ·
              Complete
                  robot systems
 ·
              Customized
                  solutions
 
 We
        are
        certified to design, manufacture and maintain electronic, optical and electro-mechanical
        equipment and are a certified supplier to the Israel Defense Forces
        and the Israeli Air Force. We have also been issued a certificate from the
        Israeli Air Force stating that our quality system is approved to perform
        Inspection of products and services supplied to the Israeli Air
        Force.
 
 The
        principal office of our subsidiary is 2 Haprat Street, Yavne,
        Israel.
 Our
        telephone number is +972 8 9324 333.
 
 **RISK
        FACTORS**
 
 WE
        ARE
        INVESTING TIME AND RESOURCES IN NEW BUSINESS INITIATIVES THAT MIGHT NOT
        MATERIALIZE TO COMMERCIAL VIABILITY.
 As
        a
        result, we might incur substantially more expenses than income and might
        not
        have enough resources to fund growth that may be commercially viable. If
        we are
        not able to successfully initiate and sustain our marketing programs, we
        may not
        be able to generate enough sales to remain a viable company. Competitors
        already
        established in certain industries may already have customer bases that we
        may
        not be able to sell to.
 
 WE
        ARE
        DEPENDENT ON OUR MEMBERS OF MANAGEMENT AND CERTAIN KEY PERSONNEL AND IF WE
        LOSE
        THOSE PERSONNEL, OUR BUSINESS COULD FAIL.
 Our
        future success depends, in significant part, upon the continued service of
        our
        senior management team specifically Nissim Halabi and Ben-Tsur Joseph. We
        do not
        have employment or non-competition agreements with any members of management.
        The loss of any of our members of management could have a material adverse
        affect on our business, specifically the loss of Nissim Halabi, who has spent
        a
        considerable amount of time researching and developing the idea for the
        outsourcing and maintenance of critical and sophisticated equipment. In
        addition, we have several other key employees in our engineering and development
        department, and maintenance and service departments, with whom we do not
        have
        employment agreements. The loss of any of our key employees could have a
        material adverse affect on our operations. We do not maintain key man life
        insurance on any of our personnel. Our future success also depends on our
        continuing ability to attract and retain highly qualified personnel. Competition
        for such personnel is intense, and we may experience difficulties in attracting
        the required number of such individuals. If we are unable to hire and retain
        personnel in key positions, our business could fail.
 
 IF
        WE
        CANNOT MAINTAIN OUR CURRENT RELATIONSHIP WITH A.R.T.S. LTD. OUR OPERATIONS
        WOULD
        BE MATERIALLY ADVERSELY AFFECTED.
 One
        of
        our main sub-contractors, A.R.T.S. Ltd., provides critical research and
        development and production operations to us. During the past 10 years A.R.T.S.
        Ltd. has developed for us most of the software required for our robot related
        activities. We do not have an agreement with A.R.T.S. Ltd. for the provision
        of
        their services to us, and cannot be assured that we will be able to maintain
        this relationship with them. In the event that our relationship with A.R.T.S.
        Ltd. ceases, the interruption to our research and development activities
        and
        production operations would be harmful to our business and may require a
        long
        period of time to establish relationships with new partners with the required
        level of know-how and expertise. We currently know of several wireless
        communications software companies, both in Israel and worldwide, capable
        of
        providing us with the same services we currently outsource to A.R.T.S.
        Ltd.
 
 As
        we are
        a technology based company, we are required to update our technology and
        knowledge base on a regular basis and as we are a relatively small company
        we
        have never made the quantitative distinction between our research and
        development expenses and any other expenses. Thus we are not able to assess
        the
        amount of funds we have paid for research and development over the years,
        nor
        are we able to assess the financial effects a break up with A.R.T.S. Ltd.
        may
        have on our business.
 
 IF
        WE DO
        NOT MAINTAIN OUR ACKNOWLEDGED SUPPLIER STATUS WITH THE ISRAELI MINISTRY OF
        DEFENSE (“M.O.D.”) OUR BUSINESS COULD BE MATERIALLY ADVERSELY
        AFFECTED.
 We
        currently maintain the status of an acknowledged supplier to the Israeli
        Ministry of Defense and have top security clearance. Acknowledged supplier
        status allows us to provide services to the Israeli Ministry of Defense and
        the
        Israeli Defense Forces (i.e. Army, Navy and Air Force), which comprise a
        significant portion of our annual revenues. If we are unable to maintain
        the
        acknowledged supplier status, our business and results of operations may
        be
        materially adversely affected.
 
 OUR
        INTELLECTUAL PROPERTY IS UNPROTECTED AND IS SUSCEPTIBLE TO PIRACY.
 We
        do not
        have any patents, trademarks or any other protection over our intellectual
        property. All of our intellectual property is “know how” and not original
        proprietary intellectual property. As such, it cannot be protected by patent
        or
        trademark. In addition, we do not have confidentiality agreements with any
        of
        our employees or suppliers with respect to our intellectual property. The
        theft
        or unauthorized use of our intellectual property is not sufficiently provided
        for, and our intellectual property is extremely susceptible to theft or
        unauthorized use. Any theft or unauthorized use of our intellectual property
        could materially adversely affect our operations.
 
 WE
        WILL
        NEED ADDITIONAL WORKING CAPITAL TO FINANCE OUR BUSINESS PLAN AND SUCH FINANCING
        MAY BE UNAVAILABLE OR TOO COSTLY.
 In
        order
        to continue our business plan we will need to secure financing in the future.
        Our ability to secure financing and allocate sufficient funds required to
        support and sustain our marketing activity may be difficult. Additional
        financing may not be available on favorable terms, if at all. If we raise
        additional funds by selling our equity securities, the percentage ownership
        of
        our then current stockholders will be reduced. There can be no assurance
        that we
        will be able to raise additional funds on acceptable terms, if at all. If
        we
        cannot raise adequate funds to satisfy our capital requirements, we may have
        to
        limit our operations significantly.
 
 WE
        MAY
        NOT BE ABLE TO COMPETE SUCCESSFULLY AGAINST CURRENT AND FUTURE
        COMPETITORS.
 Our
        competitors include several large, integrated defense contractors (e.g. Northrop
        Grumman, Lockheed Martin, Elbit, El-Op, Israel Aircraft Industries, Israel
        Military Industries). These companies have significantly greater financial,
        technical and human resources than we do as well as a wider range of products
        than we have. In addition, many of our competitors have much greater experience
        in marketing their products, as well as more established relationships with
        our
        target government customers. Our competitors may also have greater name
        recognition and more extensive customer bases that they can use to their
        benefit. As a result, we may have difficulty maintaining our market
        share.
 
 ANY
        SIGNIFICANT DELAY IN COLLECTING OUTSTANDING RECEIVABLES FROM ISRAEL’S MINISTRY
        OF DEFENSE COULD ADVERSELY AFFECT OUR ABILITY TO CONDUCT OUR
        BUSINESS.
 Israel’s
        Ministry of Defense is one of our significant customers and comprises a
        significant portion of our accounts receivable at any given time. The M.O.D.’s
        conventional payment terms are current month + 90 days. In the past, we have
        experienced significant delays in payment from the M.O.D. (up to current
        payment
        + 150 days), and any future delays could adversely affect our cash flow and
        ability to operate our business. These delays are mostly due to the M.O.D.’s
        budget volatility, its general supplier payment policies, and public workers’
strikes.
 
 THE
        VOLATILITY OF THE M.O.D.’S BUDGET COULD ADVERSELY AFFECT THE AMOUNT OF BUSINESS
        IT MAY CONDUCT WITH US.
 In
        the
        past, the M.O.D.’s budget has been volatile and any significant cuts in its
        budget could adversely affect the amount of business it conducts with us.
        As our
        largest customer, any significant reduction in the amount of purchases the
        M.O.D. makes from us or from third parties which have subcontracted work
        to us,
        could materially adversely affect our results of operations.
  WE
          CURRENTLY OPERATE WITHOUT A VALID BUSINESS LICENSE
 Under
          Israeli law, we are obliged to obtain and sustain a business license when
          doing
          business. We are currently operating without such a license. Under Israeli
          law
          such actions may lead to the court fining the Company or even ordering
          the
          imprisonment (the maximum sentence is 18 months) of officers of the Company.
          Furthermore, we may be fined or even ordered to close our premises until
          obtaining the required license. We do not believe that our business or
          future
          prospects have been materially, adversely affected by our present lack
          of a
          license, but are nonetheless, currently seeking to secure a business
          license.
  We
          do not
          know whether our clients are aware of us operating without a valid business
          license, and do not believe them knowing of such would materially adversely
          affect our business with them. Nonetheless, should the relevant authorities
          prosecute our and/or any officers thereof for doing business without the
          necessary business license, such prosecutions could materially impair the
          ability of our to maintain and/or conduct our business.
  IF
        OUR
        EMPLOYEES’ ENTITLEMENTS DO NOT COMPLY WITH ISRAELI LAW, WE MAY HAVE TO PAY
        ADDITIONAL COMPENSATION TO OUR EMPLOYEES
 Terms
        of
        employment for our employees are individually negotiated with each and every
        employee. The relationship between the parties, their rights and mutual duties
        are determined solely on the basis of the verbal agreements reached after
        these
        negotiations.
 
 As
        we
        have a good overall relationship with our employees and as it is common practice
        for us to amicably settle all debts between the parties upon the termination
        of
        the employees’ term with us. We have never made an active effort to ascertain
        whether or not workers may be entitled to such payments, benefits or advantages,
        nor have we ever made an active effort to ascertain what such payments, benefits
        or advantages might be.
 
 We
        have
        no knowledge as to whether we adhere to the aforementioned legal requirements.
        Should an authorized court determine that we do not adhere to the said
        requirements we may be responsible to pay damages that could adversely affect
        the results of our operations.
 
 **Inflation**
 The
        amounts presented in our unaudited interim financial statements do not provide
        for the effect of inflation on our operations or our financial position.
        Amounts
        shown for machinery, equipment, office furniture and fixtures, vehicles,
        and
        leasehold improvements and for other costs and expenses reflect historical
        cost,
        and do not necessarily represent replacement cost. The income and operating
        losses shown would be greater than reported if the effects of inflation were
        reflected either by charging operations with amounts that represent replacement
        costs or by using other inflation adjustments.
 
 **Government
        Regulation**
 To
        the
        best of our knowledge, we are not currently subject to direct federal, state
        or
        local regulation in the United States, other than regulations applicable
        to
        businesses generally. We may also be subject to Israeli regulations and laws
        that could restrict our business opportunities and growth.
 
 **Indemnification
        of Directors, Officers and Others**
 Our
        By-laws contain provisions with respect to the indemnification of our officers
        and directors against all expenses (including, without limitation, attorneys’
fees, judgments, fines, settlements, and other amounts actually and reasonably
        incurred in connection with any proceeding arising by reason of the fact
        that
        the person is one of our officers or directors) incurred by an officer or
        director in defending any such proceeding to the maximum extent permitted
        by
        Nevada law.
 
 Insofar
        as indemnification for liabilities arising under the Securities Act of 1933
        may
        be permitted to directors, officers and controlling persons of our company
        under
        Nevada law or otherwise, we have been advised the opinion of the Securities
        and
        Exchange Commission is that such indemnification is against public policy
        as
        expressed in the Securities Act of 1933 and is, therefore,
        unenforceable.
 
 During
        the nine months ended September 30, 2006, we obtained a Directors’ and Officers’
Liability insurance policy for the Company in the normal course of business
        to
        provide against possible liability from legal action brought by stockholders
        or
        other entities against our management.
 
 **Anti-Takeover
        Provisions**
 We
        do not
        currently have a shareholder rights plan or any anti-takeover provisions
        in our
        By-laws. Without any anti-takeover provisions, there is no deterrent for
        a
        take-over of our company, which may result in a change in our management
        and
        directors. At the present time a large percentage of our shares are owned
        by a
        single shareholder, our Chairman and CEO, Mr. Joseph. Furthermore, Mr. Joseph
        owns 1,000 shares of our series A preferred stock which entitle him to voting
        rights equal to 400,000,000 shares of common stock. This would make any takeover
        attempt difficult.
 
 **Reports
        to Security Holders**
 Under
        the
        securities laws of Nevada, we are not required to deliver an annual report
        to
        our stockholders but we intend to send an annual report to our
        stockholders.
 
 **RESULTS
        OF OPERATIONS:**
 
 Three
        Months Ended September 30, 2006 v. Three Months Ended September 30,
        2005
 
 For
        the
        three months ended September 30, 2006 v. September 30, 2005, the Company
        realized $182,225 in revenues compared to $110,247 for the same period in
        2005,
        which resulted in an overall increase of $71,978, or 65.3%. The overall increase
        in revenues resulted primarily from an increase in product sales of $110,545,
        offset by a decrease in service revenues which amounted to $38,567, or 35.7%.
        Cost of goods sold amounted to $446,770 compared to $381,690 for the same
        period
        in 2005, resulting in an increase of $65,080, or 17.1%. General and
        administrative expenses increased from $159,900 in 2005, to $198,967 for
        the
        same period in 2006, resulting in an overall increase of $39,067, or 24.4%.
        The
        increase was attributable primarily to increases in management fees and
        promotional expenses. Other income (expense) for the three months ended
        September 30, 2006, went from an expense of $(16,587) to income of $654,
        which
        resulted in an overall increase in other income $17,241, or 103.9% between
        the
        periods. The increase was primarily attributable to additional interest income
        that was derived from interesting bearing notes receivable and bank balances,
        and a decrease in interest expense that resulted from the repayment of bank
        and
        other debt. Net loss for 2006, went from a loss of $(447,888) in 2005 to
        a net
        loss of $(269,434) in 2006, resulting in an overall decrease in net loss
        of
        $178,454, or 39.8% for the period. Comprehensive income (loss) for the three
        months ended September 30, 2006, decreased from comprehensive income of $17,736
        in 2005 to comprehensive (loss) of $(9,443) in 2006, for an overall decrease
        related to currency translation rates of $(27,179), or 153.2%. Total
        comprehensive (loss) decreased from a loss of $(430,152) in 2005, to $(278,877)
        in 2006, resulting in an overall decrease of comprehensive (loss) of $151,275,
        or 35.2%.
 
 Nine
        Months Ended September 30, 2006 v. Nine Months Ended September 30,
        2005
 
 For
        the
        nine months ended September 30, 2006, v. September 30, 2005, the Company
        realized $1,227,066 in revenues compared to $1,118,747 for the same period
        in
        2005, which resulted in an overall increase of $108,319, or 9.7%. The overall
        increase in revenues resulted primarily from an increase in services revenues
        of
        $50,634, or 5.8%, and an increase in product sales which amounted to $57,685,
        or
        24.1%. Cost of goods sold amounted to $1,046,010 compared to $1,043,638 for
        the
        same period in 2005, resulting in an increase of $2,372, or 0.2%. General
        and
        administrative expenses increased from $326,199 in 2005, to $526,109 for
        the
        same period in 2006, resulting in an overall increase of $199,910, or 61.3%.
        The
        increase was attributable primarily to increases in management fees and
        promotional expenses. Other income (expense) for the nine months ended September
        30, 2006, went from an expense of $(53,829) to income of $16,764, which resulted
        in an overall increase in other income $70,593, or 131.1% between the periods.
        The increase was primarily attributable to additional interest income that
        was
        derived from interesting bearing notes receivable and bank balances, and
        a
        decrease in interest expense due to the repayment of long-term debt and other
        loans. Net (loss) for 2006, went from $(308,490) in 2005 to $(153,010) in
        2006,
        resulting in an overall decrease in net loss of $155,480, or 50.4% for the
        period. Comprehensive income for the nine months ended September 30, 2006,
        decreased from $31,591 in 2005 to $5,018 in 2006, for an overall decrease
        related to currency translation rates of $26,573, or 84.1%. Total comprehensive
        (loss) decreased from $(276,899) in 2005, to $(147,992) in 2006, resulting
        in an
        overall decrease in comprehensive loss of $128,907, or 46.6%, due to the
        activity described above.
 
 Liquidity
        and Financial Resources
 
 During
        the nine months ended September 30, 2006, net cash provided by operating
        activities amounted to $164,933 when compared to net cash (used in) operating
        activities of $(338,809) for the same period in 2005. The increase in net
        cash
        provided from operations was due primarily to lower net loss for then period,
        increases in accounts receivable, inventories, and the cost of uncompleted
        contracts in excess of billings, and decreases in accounts payable - trade,
        and
        deferred revenues, offset by increases in accrued liabilities and depreciation.
        Net cash used in investing activities in 2006 for the purchase of property
        and
        equipment amounted to $75,192. In 2006, financing activities used $94,759
        in net
        cash primarily due to reduction of related party and bank debt. As of September
        30, 2006, current liabilities exceeded current assets by $$1,032,212, the
        Company had limited cash resources, and the accumulated deficit amounted
        to
        $639,540. **** These
        factors raise substantial doubt about the Company’s ability to continue as a
        going concern. The Company anticipates that in order to fulfill its plan
        of
        operation including repayment of certain bank debt, a convertible debenture,
        and
        other liabilities, it will need to seek debt and/or equity financing from
        outside sources. The company is currently pursuing debt and equity capital
        formation activities in order to increase its working capital and overall
        solvency positions.
 
 **Item
        3. CONTROLS AND PROCEDURES.**
  **Evaluation
        and Disclosure Controls and Procedures**
 The
        Company, under the supervision and with the participation of our management,
        under our Sole Executive Officer, filling the position of Chief Executive
        Officer and Chief Financial Officer, has evaluated the effectiveness of the
        design and operation of the Company’s *“Disclosure
        Controls and Procedures,”* as such
        term is defined in Rules 13a-15e promulgated under the Exchange Act as of
        this
        Report. Based upon that evaluation, the Chief Executive Officer and Chief
        Financial Officer has concluded that our disclosure controls and procedures
        were
        effective as of the end of the period covered by this Report to provide
        reasonable assurance that information required to be disclosed by our in
        reports
        that we file or submit under the Exchange Act is recorded, processed, summarized
        and reported within the time periods specified in SEC rules and forms. The
        Company’s Chief Executive Officer and Chief Financial Officer has also concluded
        that our disclosure controls and procedures are effective also to ensure
        that
        information required to be disclosed in reports filed or submitted under
        the
        Exchange Act are accumulated and communicated to our management to allow
        timely
        decisions on required disclosure.
 
 Management
        is aware that there is a lack of segregation of duties due to the small number
        of employees managing administrative and financial matters. This constitutes
        a
        significant deficiency in the financial reporting. Management has, as is
        required by Israeli Law and also to mitigate these factors, hired an independent
        accountant/bookkeeper to review and compile our financial statements on a
        quarterly and annual basis.
 
 At
        this
        time, management has decided that considering the employees involved and
        the
        control procedures in place and the potential benefits of adding additional
        employees to clearly segregate duties does not justify the additional
        expense.
 
 We
        will
        periodically reevaluate this situation. If the situation changes and sufficient
        capital is secured, it is our intention to increase staffing to mitigate
        the
        current lack of segregation of duties within the general administrative and
        financial functions.
 
 **Changes
        in Internal Controls**
 Management
        has evaluated the effectiveness of the disclosure controls and procedures
        as of
        September 30, 2006. Based on such evaluation, management has concluded that
        the
        disclosure controls and procedures were effective for their intended purpose
        described above. There were no changes to the internal controls during the
        three
        month period and nine month period ended September 30, 2006, that have
        materially affected or that are reasonably likely to affect the internal
        controls.
 
 **Limitations
        on the Effectiveness of Controls**
 A
        control
        system, no matter how well conceived and operated, can provide only reasonable,
        not absolute, assurance that the objectives of the control system are met.
        Because of the inherent limitations in all control systems, no evaluation
        of
        controls can provide absolute assurance that all control issues and instances
        of
        fraud, if any, within a company have been detected. Our disclosure controls
        and
        procedures are designed to provide reasonable assurance of achieving its
        objectives. Our principal executive officer and principal financial officer
        concluded that the Company’s disclosure controls and procedures are effective at
        that reasonable assurance level.
 
 **PART
        II - OTHER INFORMATION**
 
 **Item
        1. LEGAL PROCEEDINGS.**
 
 From
        time
        to time the Company may be subject to litigation incidental to its business.
        The
        Company is not currently a party to any material legal proceedings
 
 **Item
        2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
        PROCEEDS.**
 
 On
        November 10, 2006, we issued 1,000 shares of series A preferred stock to
        Mr.
        Ben-Tsur Joseph, President and a member of the Board of Directors of the
        Company. Such shares were issued in consideration of services provided to
        the
        Company and without payment. The shares of series A preferred stock have
        no
        rights other than voting rights equal to 400,000 shares of common stock for
        each
        share of series A preferred stock.
  **Item
        3. DEFAULTS UPON SENIOR SECURITIES.**
 
 Not
        applicable.
 
 **Item
        4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.**
 
 None.
 
 **Item
        5. OTHER INFORMATION.**
  **Item
        6. EXHIBITS.**
 
 **Exhibits.**
 
 The
        following exhibits are filed with this report:
 
 Exhibit
        31.1 - Certification of CEO and CFO pursuant to Section 302 of the
        Sarbanes-Oxley Act of 2002
  Exhibit
        32.1 - Certification of CEO and CFO pursuant to 18 U.S.C. Section 1350
 
 SIGNATURE
  In
        accordance with the requirements of the Exchange Act, the registrant has
        caused
        this report to be signed on its behalf by the undersigned thereunto duly
        authorized.
 
 **INROB
                TECH LTD.**/s/
                BEN-TSUR JOSEPHBen-Tsur
                Joseph,Chief
                Executive Officer/Chief
                Financial OfficerDate:
                November 14, 2006