**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-KSB/A**

**Amendment      No. 1**

**      ANNUAL REPORT UNDER      SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE**

**ACT      OF 1934**

**FOR      THE FISCAL YEAR ENDED JUNE 30, 2005**

**      TRANSITION REPORT UNDER      SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE**

**ACT      OF 1934**

**FOR      THE TRANSITION PERIOD FROM ______________      TO________________**

*COMMISSION      FILE NO. 0-31949*

**INNOFONE.COM,      INCORPORATED**

| Nevada                                           |   | 98-0202313                            |
|--------------------------------------------------|--------|---------------------------------------|
| (STATE                OR OTHER JURISDICTION      |   | (IRS                EMPLOYER          |
| OF                INCORPORATION OR ORGANIZATION) |   | IDENTIFICATION                NUMBER) |

**1431      Ocean Avenue, Suite1100**

**Santa      Monica, CA 90401**

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Table          of Contents

TABLE      OF CONTENTS

|                                                     |   |
|----------------------------------------------------------|--------|
| PART                II                                   |
|                                                     |   |
| Item                7. Financial Statements              |   |
|                                                     |
| PART                III                                  |
|                                                     |   |
| Item                13. Exhibits and Reports on Form 8-K | 2      |
|                                                     |   |
| Signatures                                               | 3      |

**Explanatory      Note**

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**PART      III **

**ITEM      13. EXHIBITS AND REPORTS ON FORM 8-K **

| (a)    Exhibits |   |
|-------------------------------------|--------|

|                         |   |                                                                                                                                                                                                                                                                                                   |
|------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Exhibit                  No. |   | Document                                                                                                                                                                                                                                                                                               |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 3.1                          |   | Articles                  of Incorporation of Innofone.com, Incorporated, as amended                  (1)                                                                                                                                                                                              |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 3.2                          |   | Bylaw,                  as amended (1)                                                                                                                                                                                                                                                                 |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.1                         |   | Employment                  Agreement between the Company and Gerard Casale, Jr., dated September                  6,                  2005 (1)                                                                                                                                                        |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.2                         |   | Employment                  Agreement between the Company and Frederic D. Geesey, dated September                  22,                  2005 (1)                                                                                                                                                  |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.3                         |   | Stock                  Purchase Agreement between the Company and Alex Lightman, dated                  August 8,                  2005 (incorporated by reference to Exhibit 10.1 filed with the                  Company's                  Form 8-K on August 19, 2005 (“August 8-K”)). |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.4                         |   | Investment                  Agreement between the Company and Alex Lightman, dated August 8,                  2005                  (incorporated by reference to Exhibit 10.2 filed with the Company’s August                  8-K).                                                            |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.5                         |   | Form                  of Callable Secured Convertible Note, dated August August 31, 2005                  (incorporated by reference to Exhibit 10.1 filed with the Company's                  Form                  8-K on September 6, 2005 (“September 8-k”)).                          |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.6                         |   | Stock                  Purchase Agreement between the Company and various investors, dated                  August                  31, 2005 (incorporated by reference to Exhibit 10.2 filed with                  the                  Company's September 8-K).                                     |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.7                         |   | Security                  Agreement between the Company and certain secured parties, dated                  August                  31, 2005 (incorporated by reference to Exhibit 10.3 filed with                  the                  Company's September 8-K).                                     |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.8                         |   | Guaranty                  and Pledge Agreement between the Company, Alex Lightman and certain                  Pledgees, dated August 31, 2005 (incorporated by reference to Exhibit                  10.4                  filed with the Company's September 8-k).                                   |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.9                         |   | Form                  of Stock Purchase Warrant issued by the Company to various investors,                  dated August 31, 2005 (incorporated by reference to Exhibit 10.4                  filed                  with the Company's September 8-k).                                               |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.10                        |   | Commercial                  Lease between the Company and Barrington Pacific, LLC, dated October                  7,                  2003 (1)                                                                                                                                                         |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 10.11                        |   | Form                  of Promissory Note, dated October 12, 2005 issued to Alex Lightman                  (1)                                                                                                                                                                                     |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 21                           |   | List                  of Company's subsidiaries (1)                                                                                                                                                                                                                                                    |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 23.1                         |   | Consents                  of Experts and Counsel*                                                                                                                                                                                                                                                      |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 23.2                         |   | Consents                  of Experts and Counsel (1)                                                                                                                                                                                                                                                   |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 31.1                         |   | Rule                  13a-14(a)/15d-14(a) Certification of the Principal Executive Officer                  and                  Principal Financial Officer*                                                                                                                                          |
|                         |   |                                                                                                                                                                                                                                                                                                   |
| 32.1                         |   | Section                  1350 Certification *                                                                                                                                                                                                                                                          |
|                         |   |                                                                                                                                                                                                                                                                                                   |

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| * | Filed                  herewith. |
|---|----------------------------------|

| (1)  | Previously                filed on Form 10-KSB filed October 14,                2005.  |
|-----------|---------------------------------------------------------------------------------------------|

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**SIGNATURES**

|         |                                                                                                        |                                |
|--------------|-------------------------------------------------------------------------------------------------------------|-------------------------------------|
|         | **INNOFONE.COM,              INCORPORATED**                                                                 |
|    |                                                                                                   |                           |
|         | By:                                                                                               | /s/ Alex              Lightman |
|         |                                                                                                             |
|         | Alex              Lightman, Chief Executive Officer, President and Principal Financial              Officer |
|         |                                                                                                        |

| Signature                         |   | Title                                                                                |   | Date                            |
|-----------------------------------|--------|--------------------------------------------------------------------------------------|--------|---------------------------------|
|                              |   |                                                                                 |   |                            |
| /s/Alex                Lightman   |   | Chief                Executive Officer, President,                                   |   | January                24, 2006 |
| Alex                Lightman      |   | Principal              Financial              Officer and              Director |   |                            |
|                              |   |                                                                                 |   |                            |
| /s/                Peter Maddocks |   | Director                                                                             |   | January                24, 2006 |
| Peter                Maddocks     |   |                                                                                      |   |                            |
|                              |   |                                                                                 |   |                            |

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Table          of Contents

|   | Page   |
|--------|--------|
|   | Number |

| **INNOFONE.COM,                INCORPORATED**                                                 |   |
|-----------------------------------------------------------------------------------------------|--------|
|                                                                                          |   |
| **INDEPENDENT                  AUDITORS’ REPORT**                                       | F-2    |
|                                                                                          |   |
| Balance                  Sheet - Statement I                                                  | F-3    |
|                                                                                          |   |
| Statement                    of Shareholders’ Deficit - Statement                    II | F-4    |
|                                                                                          |   |
| Statement                    of Operations - Statement                    III                 | F-5    |
|                                                                                          |   |
| Statement                  of Cash Flows - Statement IV                                       | F-6    |
|                                                                                          |   |
| NOTES                  TO FINANCIAL STATEMENTS                                                | F-7    |

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Table          of Contents

**INDEPENDENT          AUDITORS’ REPORT**

**To          the Board of Directors and Shareholders of:**

**INNOFONE.COM,          INCORPORATED**

**INNOFONE.COM,          INCORPORATED **

**Toronto,          Ontario**

| **July                    25, 2005** | **Chartered                    Accountants** |
|--------------------------------------|----------------------------------------------|

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Table                of Contents

| **INNOFONE.COM,                    INCORPORATED**        | **Statement                    I** |
|----------------------------------------------------------|------------------------------------|
| **Balance                    Sheet**                     |                               |
| As                    at June 30, 2005 and 2004          |                               |
| **(Stated                    in United States Dollars)** |

|                                                                      |   | **2005** |        | **2004** |   |
|---------------------------------------------------------------------------|--------|----------|-------------|----------|--------|
|                                                                      |   |     |        |     |   |
|                                                                      |   |     |        |     |   |
| **ASSETS**                                                                |   | $        | –     |     | $      | – |   |
|                                                                      |   |     |        |     |   |   |   |
| **LIABILITIES**                                                           |   | $        | –     |     | $      | – |   |
|                                                                      |   |     |        |     |   |   |   |
| **SHAREHOLDERS’                      DEFICIENCY**                   |   |     |        |     |   |   |   |
|                                                                      |   |     |        |     |   |   |   |
| **CAPITAL                      STOCK** (note                      3) |   |     |        |     |   |   |   |
| Common                      shares                                        |   |     | 4,898,880   |     |   | 4,879,010 |   |
| Additional                      paid-in capital                           |   |     | 9,975,954   |     |   | 9,314,824 |   |
|                                                                      |   |     |        |     |   |   |   |
|                                                                      |   |     | 14,874,834  |     |   | 14,193,834 |   |
|                                                                      |   |     |        |     |   |   |   |
| **(DEFICIT)**-                      Statement II                          |   |     | (14,874,834 | )        |   | (14,193,834 | ) |
|                                                                      |   |     |        |     |   |   |   |
|                                                                      |   |     | –     |     |   | (– | ) |
|                                                                      |   |     |        |     |   |   |   |
|                                                                      |   | $        | –     |     | $      | – |   |

*{See              accompanying notes.}*

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Table                of Contents

| **INNOFONE.COM,                    INCORPORATED**                   | **Statement                    II** |
|---------------------------------------------------------------------|-------------------------------------|
| **Statement                    of Shareholders’ Deficit**     |                                |
| For                    The Years Ended June 30, 2005, 2004 and 2003 |                                |
| **(Stated                    in United States Dollars)**            |

|                                                                                                                                        |   | **Common                      Shares** |      | **Additional****Paid-In****Capital** |   | **Deficit** |   | **Total** |        |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|-----------|--------------------------------------|--------|-------------|--------|-----------|-------------|
|                                                                                                                                        |   |                                   |      |                                 |   |        |   |      |        |
| **BALANCE**,                      June 30, 2002                                                                                             |   | $                                      | 4,842,772 |                                 | $      | 7,719,593   |   | $         | (13,318,937 | ) | $ | (756,572 | ) |
|                                                                                                                                        |   |                                   |      |                                 |   |        |   |      |        |   |   |   |   |
| Convertible                      note converted to stock                                                                                    |   |                                   | 2,300     |                                 |   | 647,700     |   |      | –     |   |   | 650,000 |   |
| Issuance                      of shares for legal services                                                                                  |   |                                   | 500       |                                 |   | 1,887       |   |      | –     |   |   | 2,387 |   |
| Issuance                      of shares for consulting services                                                                             |   |                                   | 26,378    |                                 |   | 180,932     |   |      | –     |   |   | 207,310 |   |
| Net                      loss                                                                                                               |   |                                   | –   |                                 |   | –     |   |      | (209,697    | ) |   | (209,697 | ) |
|                                                                                                                                        |   |                                   |      |                                 |   |        |   |      |        |   |   |   |   |
| **BALANCE**,                      June 30, 2003                                                                                             |   |                                   | 4,871,950 |                                 |   | 8,550,112   |   |      | (13,528,634 | ) |   | (106,572 | ) |
|                                                                                                                                        |   |                                   |      |                                 |   |        |   |      |        |   |   |   |   |
| Issuance                      of shares for selling, general and administrative services                                                    |   |                                   | 7,060     |                                 |   | 448,140     |   |      | –     |   |   | 455,200 |   |
| Forgiveness                      of debt from related party                                                                                 |   |                                   | –   |                                 |   | 316,572     |   |      | –     |   |   | 316,572 |   |
| Net                      loss                                                                                                               |   |                                   | –   |                                 |   | –     |   |      | (665,200    | ) |   | (665,200 | ) |
|                                                                                                                                        |   |                                   |      |                                 |   |        |   |      |        |   |   |   |   |
| **BALANCE,**June                      30, 2004                                                                                              |   |                                   | 4,879,010 |                                 |   | 9,314,824   |   |      | (14,193,834 | ) |   | – |   |
|                                                                                                                                        |   |                                   |      |                                 |   |        |   |      |        |   |   |   |   |
| Issuance                      of shares for selling, general and administrative services                      (note                      4) |   |                                   | 19,870    |                                 |   | 661,130     |   |      | –     |   |   | 681,000 |   |
| Net                      loss                                                                                                               |   |                                   | –   |                                 |   | –     |   |      | (681,000    | ) |   | (681,000 | ) |
|                                                                                                                                        |   |                                   |      |                                 |   |        |   |      |        |   |   |   |   |
|                                                                                                                                        |   |                                   |      |                                 |   |        |   |      |        |   |   |   |   |
| **BALANCE**,                      June 30, 2005                                                                                             |   | $                                      | 4,898,880 |                                 | $      | 9,975,954   |   | $         | (14,874,834 | ) | $ | – |   |

*{See accompanying notes.}*

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Table                of Contents

| **INNOFONE.COM,                    INCORPORATED**                   | **Statement                    III** |
|---------------------------------------------------------------------|--------------------------------------|
| **Statement                    of Operations**                      |                                 |
| For                    The Years Ended June 30, 2005, 2004 and 2003 |                                 |
| **(Stated                    in United States Dollars)**            |

|                                                                              |   | **2005** |       | **2004** |   | **2003**  |   |
|-----------------------------------------------------------------------------------|--------|----------|------------|----------|--------|-----------|--------|
|                                                                              |   |     |       |     |   |      |   |
| **REVENUE**                                                                       |   | $        | –    |     | $      | –   |   | $ | – |   |
|                                                                              |   |     |       |     |   |      |   |   |   |   |
| **EXPENSES**                                                                      |   |     |       |     |   |      |   |   |   |   |
|                                                                              |   |     |       |     |   |      |   |   |   |   |
| Selling,                      general and administrative services (note 4)        |   |     | 681,000    |     |   | 455,200   |   |   | 209,697 |   |
| Write-off                      of investment                                      |   |     | –    |     |   | 210,000   |   |   | – |   |
|                                                                              |   |     |       |     |   |      |   |   |   |   |
| **Net                      (Loss) from Operations**                               |   |     | (681,000   | )        |   | (665,200  | )      |   | (209,697 | ) |
|                                                                              |   |     |       |     |   |      |   |   |   |   |
| **NET                      (LOSS) FOR THE YEAR**                                  |   | $        | (681,000   | )        | $      | (665,200  | )      | $ | (209,967 | ) |
|                                                                              |   |     |       |     |   |      |   |   |   |   |
|                                                                              |   |     |       |     |   |      |   |   |   |   |
| **BASIC                      NET (LOSS) PER SHARE**                      (Note 5) |   | $        | (0.03      | )        | $      | (0.14     | )      | $ | (1.37 | ) |
|                                                                              |   |     |       |     |   |      |   |   |   |   |
| **WEIGHTED                      AVERAGE NUMBER OF COMMON SHARES OUTSTANDING**     |   |     | 20,098,984 |     |   | 4,740,817 |   |   | 152,682 |   |

*{See accompanying notes.}*

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Table                of Contents

| **INNOFONE.COM,                    INCORPORATED**                   | **Statement                    IV** |
|---------------------------------------------------------------------|-------------------------------------|
| **Statement                    of Cash Flows**                      |                                |
| For                    The Years Ended June 30, 2005, 2004 and 2003 |                                |
| **(Stated                    in United States Dollars)**            |

|                                                                                                                 |   | **2005** |     | **2004** |   | **2003** |   |
|----------------------------------------------------------------------------------------------------------------------|--------|----------|----------|----------|--------|----------|--------|
|                                                                                                                 |   |     |     |     |   |     |   |
|                                                                                                                 |   |     |     |     |   |     |   |
| **CASH                        FLOWS FROM OPERATING**ACTIVITIES                                                       |   |     |     |     |   |     |   |
| Net                      (loss) for year - (Statement III)                                                           |   | $        | (681,000 | )        | $      | (665,200 | )      | $ | (209,697 | ) |
|                                                                                                                 |   |     |     |     |   |     |   |   |   |   |
| Issuance                      of shares for sales, general and administrative services (note                      4) |   |     | 681,000  |     |   | 455,200  |   |   | 209,697 |   |
| Write-off                      of investment                                                                         |   |     | –  |     |   | 210,000  |   |   | – |   |
| Accounts                      payable and accrued liabilities                                                        |   |     | –  |     |   | –  |   |   | (104,000 | ) |
|                                                                                                                 |   |     |     |     |   |     |   |   |   |   |
| Net                      cash provided by (used in) operating activities                                             |   |     | –  |     |   | –  |   |   | (104,000 | ) |
|                                                                                                                 |   |     |     |     |   |     |   |   |   |   |
| **FINANCING                      ACTIVITIES**                                                                        |   |     |     |     |   |     |   |   |   |   |
| Due                      to officers and directors                                                                   |   |     | –  |     |   | –  |   |   | 104,000 |   |
| Issuance                      of capital stock                                                                       |   |     | –  |     |   | –  |   |   | 650,000 |   |
| Convertible                      debt                                                                                |   |     | –  |     |   | –  |   |   | (650,000 | ) |
|                                                                                                                 |   |     |     |     |   |     |   |   |   |   |
| Net                      cash provided by (used in) financing activities                                             |   |     | –  |     |   | –  |   |   | 104,000 |   |
|                                                                                                                 |   |     |     |     |   |     |   |   |   |   |
|                                                                                                                 |   |     |     |     |   |     |   |   |   |   |
| **INCREASE                      IN CASH**                                                                            |   |     | –  |     |   | –  |   |   | – |   |
|                                                                                                                 |   |     |     |     |   |     |   |   |   |   |
| **CASH,                      BEGINNING OF YEAR**                                                                     |   |     | –  |     |   | –  |   |   | – |   |
|                                                                                                                 |   |     |     |     |   |     |   |   |   |   |
| **CASH,                      END OF YEAR**                                                                           |   | $        | –  |     | $      | –  |   | $ | – |   |
|                                                                                                                 |   |     |     |     |   |     |   |   |   |   |
| Non                      cash transactions:                                                                          |   |     |     |     |   |     |   |   |   |   |
| Issuance                      of shares for sales, general and administrative services (note                      4) |   | $        | 681,000  |     | $      | 425,200  |   | $ | 209,697 |   |
| Write                      off of investment                                                                         |   |     | –  |     |   | 210,000  |   |   | – |   |
| Accounts                      payable                                                                                |   |     | –  |     |   | (316,572 | )      |   | (104,000 | ) |
| Due                      to officers and directors                                                                   |   |     | –  |     |   | –  |   |   | 104,000 |   |
| Issuance                      of capital stock for debt                                                              |   |     | –  |     |   | –  |   |   | 650,000 |   |
| Convertible                      debt                                                                                |   |     | –  |     |   | –  |   |   | (650,000 | ) |

*{See accompanying notes.}*

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Table                of Contents

| **INNOFONE.COM,                      INCORPORATED**                             |
|---------------------------------------------------------------------------------|
| **Notes                      to the Financial Statements**                      |
| June                      30, 2005 and 2004                                     |
| **(Stated                      in United States                      Dollars)** |

| **1.** | **NATURE                    OF OPERATIONS** |
|--------|---------------------------------------------|

| **2.** | **SIGNIFICANT                    ACCOUNTING POLICIES** |
|--------|--------------------------------------------------------|

***Use          of Estimates***

***Income          Taxes***

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Table              of Contents

| **INNOFONE.COM,                      INCORPORATED**                             |
|---------------------------------------------------------------------------------|
| **Notes                      to the Financial Statements**                      |
| June                      30, 2005 and 2004                                     |
| **(Stated                      in United States                      Dollars)** |

| **3.** | **CAPITAL                    STOCK** |
|--------|--------------------------------------|

|                                                                                                                                                           |   | **Common** |         |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------|--------------|
|                                                                                                                                                           |   |       |         |
| **Outstanding                          Shares as at June 30, 2002**                                                                                            |   |       | 100,022,505  |   |
|                                                                                                                                                           |   |       |         |   |
| Shares                          issued in exchange for consulting fees                                                                                         |   |       | 23,357,826   |   |
| Shares                          issued in exchange for legal fees                                                                                              |   |       | 500,000      |   |
| Reverse                          stock split: 175 shares for one share                                                                                         |   |       | (123,172,444 | ) |
| Share                          issuance on conversion of debt                                                                                                  |   |       | 2,300,000    |   |
| Share                          issuance on exchange for consulting fees                                                                                        |   |       | 3,021,800    |   |
| Reverse                          stock split: 20 shares for one share                                                                                          |   |       | (5,728,203   | ) |
| **Outstanding                          shares as at June 30, 2003**                                                                                            |   |       | 301,484      |   |
|                                                                                                                                                           |   |       |         |   |
| Shares                          issuance on exchange for sales, general and administrative                          services                                   |   |       | 7,060,000    |   |
| **Outstanding                          shares as at June 30, 2004**                                                                                            |   |       | 7,361,484    |   |
|                                                                                                                                                           |   |       |         |   |
| Shares                          previously issued that were cancelled in the year                                                                              |   |       | (126,214     | ) |
| Shares                          issuance in exchange for sales, general and administrative                          services (note                          4) |   |       | 20,000,000   |   |
|                                                                                                                                                           |   |       |         |   |
| **Outstanding                          shares as at June 30, 2005**                                                                                            |   |       | 27,235,270   |   |

| **4.** | **RELATED                    PARTY TRANSACTIONS** |
|--------|---------------------------------------------------|

| **5.** | **BASIC                    NET LOSS PER SHARE** |
|--------|-------------------------------------------------|

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