UNITED STATES SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, D. C. 20549



FORM 10-QSB



[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934



For the quarterly period ended June 30, 2005



[ ] TRANSITION REPORT UNDER SECTION 14 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ____________ to ______________



Commission file number 000-30675



EnXnet, Inc.

(Exact name of Small Business Issuer in its charter)

Oklahoma                               73-1561191

(State of Incorporation)     (I.R.S. Employer Identification No.)

11333 E. Pine St
Tulsa, Oklahoma 74116

(Address of principal executive offices.)

Registrant's telephone number: (918) 592-0015

Former Company:

Former Conformed Name: Emajix.com, Inc

Date of Name change: 20010801


As of August 3, 2005, there were 25,347,893 shares of Common Stock,
$0.00005 par value, of the issuer outstanding.
=================================================================



INDEX

Part I. FINANCIAL INFORMATION

ITEM I. Financial Statements

Balance Sheets
June 30, 2005 and March 31, 2005                                    3

Statements of Loss
For the three months ended June 30, 2005 and 2004,                  4

Statements of Changes in Stockholders Equity (deficit)              5

Statements of Cash Flows
For the three months ended June 30, 2005 and 2004,                 6-7

Summary of Accounting Policies                                     8-10

Notes to Financial Statements                                     10-21

Item 2. Managements Discussion and Analysis or Plan of Operation  21-23

Item 3. Controls and Procedures                                     23

PART II. OTHER INFORMATION

Item 1. Legal Proceedings                                           24

Item 2. Changes in Securities                                       24

Item 3. Defaults Upon Senior Securities                             24

Item 4. Submission of Matters to a Vote to Security Holders         24

Item 5. Other Information                                           24

Item 6. Exhibits and Reports on Form 8-K                            24

SIGNATURES                                                          25

Exhibit 31.1     Certification of financial statements
                   Chief Executive Officer &
                   Chief Financial Officer                          26

Exhibit 31.2     Certification of financial statements
                   Chief Financial Officer                          27

Exhibit 32.1     Certification pursuant to
                   18 U. S. C. section 1350,
                   as adopted pursuant to
                   section 906 of the
                   Sarbanes-Oxley Act of 2002                       28




EnXnet, Inc.
BALANCE SHEETS

                                                        June 30,    March 31,
                                                          2005        2005
ASSETS                                                (Unaudited)  (Audited)
Current assets:
Cash                                                  $    2,366   $  6,345
Accounts receivable (net allowance for doubtful
 accounts of $100,022 and $100,022, respectively)          8,325     18,219
Prepaid expense                                            1,619      8,560
                                                       _________   ________
Total current assets                                      12,310     33,124
                                                       _________   ________

Equipment, net                                             4,642      4,970
                                                       _________   ________
Other assets:
Deposits and deferred charges                              1,137      1,137
Licenses, net                                            189,266    199,053
Marketable securities                                     56,309     70,617
Investment                                               100,000    100,000
                                                       _________    _______
Total other assets                                       346,712    370,807
                                                       _________    _______
Total assets                                          $ $363,664   $408,901
                                                       =========    =======

LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses                 $  168,703  $ 153,287
Advances from officer-related party                        7,270      3,270
Advances from stockholder                                275,340    234,840
Notes payable                                            257,194    257,194
Notes payable-related party                              573,215    573,215
                                                       _________   ________
Total current liabilities                              1,281,722  1,221,806
                                                       _________   ________
Stockholders' equity (deficit)
Common stock, $.00005 par value;
200,000,000 shares authorized;
25,332,893 and 25,058,043 issued and
outstanding June 30, 2005 and March 31, 2005               1,267      1,253
Additional paid-in capital                             1,743,661  1,714,689
Retained deficit                                      (2,650,355)(2,523,174)
Other comprehensive income                               (12,631)    (5,673)
                                                       _________   ________
Total stockholders equity (deficit)                     (918,058)  (812,905)
                                                       _________   ________
Total liabilities and stockholders' equity (deficit)  $  363,664  $ 408,901
                                                       =========   ========




See accompanying summary of accounting policies and
notes to financial statements.  <page 3>
EnXnet, Inc.
STATEMENTS OF LOSS (Unaudited)



                                           Three Months Ended
                                                June 30,
                                            2005        2004

Revenues                                 $   1,790   $  24,721
Cost of revenues                               750      17,341
                                           _______     _______

Gross profit                                 1,040       7,380
                                           _______     _______
Operating expenses:
Consulting fees                             17,545     110,145
Depreciation & amortization                 10,115      10,653
Bad debts                                     -           -
Royalties                                      570        -
Advertising                                   -            833
Payroll                                     44,222      54,700
Professional services                       26,575      30,072
Occupancy expense                            7,128      11,827
Office expense                               5,132       5,693
Travel expense                               1,559       4,010
Other expense                                  120         311
                                           _______     _______
Total operating expenses                   112,966     228,244
                                           _______     _______
Operating loss                            (111,926)   (220,864)

Other income (expense):
Gain (loss) on sale of
 marketable securities                    (  1,543)       -
Interest income                                  2           4
Interest expense                          ( 13,714)   (  9,341)
                                           _______     _______
Net loss                                  (127,181)   (230,201)

Other comprehensive income(loss):
Net unrealized gain(loss)on
 marketable securities                      (6,958)   (  5,596)
                                           _______     _______
Comprehensive loss                        (134,139)   (235,797)
                                           =======     =======
Net loss per share basic and diluted     $(   .005)  $(   .009)
                                           =======     =======
Weighted average number
  of shares basic and diluted           25,265,122  24,467,721
                                        ==========  ==========




See accompanying summary of accounting policies and
notes to condensed financial statements.  <page 4>


EnXnet, Inc.
STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT)(Unaudited)

<TABLE>
<S>                      <C>         <C>     <C>         <C>          <C>             <C>



                             Common Stock     Additional                   Other
                         __________________    Paid-in      Retained   Comprehensive
                           Shares    Amount    Capital       Deficit      Income         Total
                         __________  ______  __________  ____________  _____________  __________
Balance: March 31, 2005  25,058,043  $1,253  $1,714,689  $(2,523,174) $      (5,673)  $(812,905)
Common stock
  issued for:
   Services                 274,850      14      28,972         -              -         28,986
Net loss                       -          -        -      (  127,181)          -       (127,181)
Other comprehensive income     -          -        -            -            (6,958)     (6,958)
                         __________  ______  __________  ___________  _____________  __________
Balance:
    June 30, 2005        25,332,893  $1,267  $1,743,661  $(2,650,355) $     (12,631)  $(918,058)
                         ==========  ======  ==========  ===========  =============  ==========
</TABLE>

















See accompanying summary of accounting policies and
notes to financial statements.  <page 5>


EnXnet, Inc.
STATEMENTS OF CASH FLOWS (Unaudited)



                                                 Three Months Ended
                                                      June 30
                                                  2005       2004
Cash flows from operating activities:
Net loss                                       $(127,181) $(230,201)
Adjustments to reconcile net loss to cash
 flows from operating activities:
Depreciation and amortization                     11,616     10,653
(Gain) Loss on sale of marketable securities       1,543       -
Stock issued for equipment                          -          -
Stock issued for services                         27,485     24,823
Options issued for services                         -        29,019
Options issued with notes                           -          -
Changes in operating assets and liabilities:
Accounts and other receivable                      9,894   ( 19,135)
Prepaid expense                                    6,941     44,063
Accounts payable and accrued expenses             15,416     27,533
                                                 _______    _______
Net cash flows from operating activities        ( 54,286)  (113,245)
                                                 _______    _______
Investing activities:
Purchase of fixed assets                            -      (    767)
Purchase of equity interest investments             -          -
Proceeds from sale of
 marketable securities                             5,807       -
                                                 _______    _______
Net cash flows from
 investing activities                              5,807   (    767)
                                                 _______    _______
Financing activities:
Proceeds from advances from officer
 and stockholder                                  48,700     73,863
Proceeds from sale of common stock                  -        76,765
Repayment of advances                            ( 4,200)      -
                                                 _______    _______
Net cash flows from financing activities          44,500    150,628
                                                 _______    _______
Net increase in cash                             ( 3,979)    36,616

Cash, beginning of period                          6,345      5,206
                                                 _______    _______
Cash, end of period                             $  2,366   $ 41,822
                                                 =======    =======







See accompanying summary of accounting policies and
notes to financial statements.  <page 6>
EnXnet, Inc.
STATEMENTS OF CASH FLOWS (Unaudited) - continued





Supplemental disclosures of cash flow information:



                                                 Three Months Ended
                                                      June 30
                                                  2005       2004
Cash paid during the period for:
Interest                                       $   -      $   -
Income taxes                                   $   -      $   -

Non-cash financing activities:
Issuance of common stock for service           $ 27,485   $ 24,823
Issuance of stock options for services         $   -      $ 29,019


































See accompanying summary of accounting policies and
notes to financial statements.  <page 7>
EnXnet, Inc.
SUMMARY OF ACCOUNTING POLICIES

     The accompanying unaudited financial statements have been prepared
in accordance with accounting principles generally accepted in the United
States of America for interim financial information and in accordance with
the instructions to Form 10-QSB and Items 303 and 310(b) of Regulation S-B.
Accordingly, they do not include all of the information and footnotes required
by accounting principles generally accepted in the United States of America for
complete financial statements. In the opinion of management, all adjustments
(consisting of normal recurring adjustments) considered necessary for a fair
presentation have been included.  Operating results for the three months
ended June 30, 2005, are not necessarily indicative of the results that
may be expected for the year ended March 31, 2006. For further information,
refer to the financial statements and footnotes thereto included in the
EnXnet, Inc. or the "Company" audited financial statements for the year
ended March 31, 2005 included in the Company Form 10-KSB.

THE BUSINESS

     EnXnet, Inc. (the "Company") was formed under the laws of the State of
Oklahoma on March 30, 1999 as Southern Wireless, Inc. It is a business and
technology development enterprise engaged in the development, marketing, and
licensing of emerging technologies and innovative business strategies and
practices, focusing primarily on products, solutions, and services which
support and enhance multimedia management. The Company changed its name to
eMajix.com, Inc. on April 5, 2000 and on August 1, 2001 the name was
changed to EnXnet, Inc.


Products and Services

DVDPlus

     The Company entered into a license on June 2, 2003 with DVDPlus
International, Inc. to manufacture and market DVDPlus in the United States,
Canada, and Mexico. DVDPlus is a dual sided, hybrid optical disc media that
uniquely combines two distinct content storage formats for distribution on a
single disc, a DVD (digital versatile disc) on one side and a CD (compact disc)
on the other. DVDPlus allows content publishers to integrate their visual and
audio assets into a single distribution. Utilizing the latest in manufacturing
technology, the CD and DVD layers are bonded together to provide a multi-format
hybrid disc, which is compatible to all CD, CD-ROM, DVD ROM formats, and is
readable and capable of playback in conventional CD and DVD players and
personal computers alike.

     DVDPlus allows content publishers to integrate their visual and
audio assets into a single distribution, such as releasing a DVD movie
and its soundtrack together.







                                <page 8>
EnXnet, Inc.
SUMMARY OF ACCOUNTING POLICIES

Disc Security Tag

     Disc Security Tag,(DSTag), is an invention which utilizes existing
Electronic Article Surveillance (EAS) tags embedded into a DVD or CD during
the injection mold phase of the manufacturing process.  Products, to which
this process is applied, provide unique item identification for its customers
and clients.  With this product, manufacturers are given the opportunity
to enhance the integrity of their product while providing added value to
their customers (retailers) that are desperate to reduce or stop the
enormous losses attributed to employee and retail theft.  Additionally,
it can give content developers, manufacturers, and distributors the
ability to protect their investment by providing an efficient means to
authenticate legitimate products over counterfeit products produced by
unauthorized manufacturers. On May 23, 2003, the Company filed a patent for
DSTag and on May 21, 2004, the Company filed an international patent for DSTag.

EnXcase

EnXcase combines two distinct features for the DVDPlus (OneDisc)
two-sided (DVD-CD)optical disc media market. The outer styling of the
case has the unique feature of a semi-rounded top. The second feature
is a theft deterrent ring found within the inner structure of the
EnXcase. The Company developed this unique case primarily for use with
the DVDPlus (OneDisc) two-sided disc format. On October 10, 2003, the Company
filed for a United States patent on EnXcase and on September 27, 2004 the
Company filed for an international patent.

EnXdeck Player

     On December 3, 2003, the Company announced the arrival of their
EnXdeck Player which includes the ability to play ClearVideo encoded
content. The EnXdeck is a stand-alone DVD/CD player that incorporates
the latest in audio and video PC based technology. The system has been
developed to utilize EnXnet's proprietary video compression software,
ClearVideo. The EnXdeck not only has the same functionality as the
Phillips CDI (compact disc interactive) units, but has the added value
of a PC with Internet capability, expandable I/O ports, and
multiple video output configurations.

ClearVideo License

     In March 2000, the Company acquired exclusive licensing rights, from
Iterated Systems, Inc., to compile, use, copy and modify ClearVideo
Source Code and to create and manufacture products and services.  As part
of this acquisition Ryan Corley acquired the rights for using the
ClearVideo Source Code for video/audio streaming over the internet of TV
type programming and content.  Additionally, the license agreement
provides that the Company may sublicense any products and services that
it creates using the technology under the licensing agreement.  The
license was acquired for a $250,000 note payable and the issuance of
297,500 shares of common stock, valued at $2,975.


                                <page 9>
EnXnet, Inc.
SUMMARY OF ACCOUNTING POLICIES

ClearVideo License-continued

     On January 2, 2002, the company entered into an agreement with Ryan
Corley, the President and majority stockholder of the Company, whereby
the Company acquired his license agreement for video/audio streaming
over the internet of TV type programming and content using the
ClearVideo Source Code.  The Company issued 1,000,000 shares of
restricted common stock valued at $100,000 for the license.  The
licenses are being amortized over 10 years which is the estimated useful
life of the patent covering the technology.

ClearVideo Technology

     ClearVideo utilizes fractal digitization creating the smallest file
possible while virtually duplicating the quality of the original.
ClearVideo can reduce video file sizes by approximately 95-99% and
virtually duplicates the quality of the original files.  ClearVideo
enhances how video with synchronized audio files are transmitted over
both narrow and broadband lines.  ClearVideo works equally well with
NTSC, PAL, or SECAM (the three different TV formats used around the
world) television as well as the Internet.  It can be effectively used
worldwide for the compression and transmission of video files for the
broadcast industry.

NOTES TO FINANCIAL STATEMENTS

1. Summary of Accounting Policies

Cash Equivalents

     For financial reporting purposes, the Company considers all highly
liquid investments with an original maturity of three months or less
when purchased to be a cash equivalent.  Financial instruments, which
potentially subject the Company to a concentration of credit risk,
consist of cash and cash equivalents.  Cash and cash equivalents
consist of funds deposited with various high credit quality financial
institutions.
















                                <page 10>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

Summary of accounting policies - Continued

Equipment

     Equipment is recorded at cost. Depreciation and amortization are
provided using the straight-line method over the useful lives of the
respective assets, typically 3-10 years. Major additions and betterments
are capitalized. Upon retirement or disposal, the cost and related
accumulated depreciation or amortization are removed from the accounts
and any gain or loss is reflected in operations.

     The following table details the Company's equipment:
                                                  June 30,    March 31,
                                                    2005        2005
                                                   ------      ------
     Equipment                                   $ 53,137    $ 53,137
     Accumulated depreciation                     (48,495)    (48,167)
                                                  -------     -------
     Equipment, net                              $  4,642    $  4,970
                                                  =======     =======

Depreciation expenses for the three months ended June 30, 2005 and 2004 were
$328 and $943, respectively.

Advertising

     Advertising costs are expensed as incurred. Advertising expenses for
the three months June 30, 2005 and 2004 were $ 0 and $833, respectively.

Reclassifications

     Certain amounts have been reclassified from the prior financial
statements for comparative purposes.

Licenses

     The costs associated with acquiring exclusive licensing rights to
patented technology have been capitalized and are being charged to expense
using the straight line method of amortization over ten years, the estimated
remaining useful lives of the patents.

    In accordance with the provisions of Statement of Financial
Accounting Standards("SFAS") No. 142, "Goodwill and Other Intangible Assets",
 management of the Company reviews the carrying value of its intangible
assets on a regular basis.  Estimated undiscounted future cash flows from
the intangible assets are compared with the current carrying value.
Reductions to the carrying value are recorded to the extent the net book
value of the property exceeds the estimate of future discounted cash flows.





                                <page 11>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

Summary of accounting policies - Continued

Marketable Securities

	The Company accounts for its marketable securities under Statement of
Financial Accounting Standards No. 115, Accounting for Certain Investments
in Debt And Equity Securities.  The Company's securities are considered
available-for-sale and are valued at fair value for financial statement
purposes.  Fair value is based on quoted market prices.  The Company uses
the average cost method for determining the cost basis on realized gains and
losses of investments. The unrealized holding gain or loss represents the
net change in the fair value of those securities and is shown in other
comprehensive income.

Revenue Recognition

	The Revenue is considered earned upon the delivery of products and
the collectibility of the sales is reasonably assured.

Income Taxes

     Income taxes are provided based on the liability method of
accounting pursuant to SFAS No. 109, "Accounting for Income Taxes."
Under this approach, deferred income taxes are recorded to reflect the
tax consequences on future years of differences between the tax basis
of assets and liabilities and their financial reporting amounts at each
year end.  A valuation allowance is recorded against deferred tax
assets as management does not believe the Company has met the "more
likely than not" standard imposed by SFAS No. 109 to allow recognition
of such an asset.

Accounts Receivable

     Accounts receivable are uncollateralized customer obligations due under
normal trade terms requiring payment within thirty days from the invoice
date or as specified by the invoice and are stated at the amount billed to
the customer.  Customer account balances with invoices dated over ninety
days or ninety days past the due date are considered delinquent.

      The carrying amount of accounts receivable is reduced by a valuation
allowance that reflects management's best estimate of the amount that will
not be collected. Management individually reviews all accounts receivable
balances that are considered delinquent and based on an assessment of
current credit worthiness, estimates the portion, if any, of the balance
that will not be collected.  In addition, management periodically evaluates
the adequacy of the allowance based on the Company's past experience.







                                <page 12>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

Summary of accounting policies - Continued

Estimates

     The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the dates of the financial statements and the reported
amounts of revenues and expenses during the reporting periods. Actual
results could differ from those estimates.

Fair Value of Financial Instruments

     The carrying amounts reported in the balance sheets as of June 30,
2005 and March 31, 2005 for cash equivalents and accounts payable and accrued
expenses approximate fair value because of the immediate or short-term
maturity of these financial instruments.

Compensated Absences

     Employees of the Company do not earn annual leave or sick leave. There
is no compensated absences accrued liability on June 30, 2005 and March 31,
2005.

Research and Development Costs

     Research and development costs are charged to expense as incurred.

Stock Based Compensation

     The Company measures compensation cost for its stock based compensation
plans under the provisions of Accounting Principles Board Opinion No. 25
("APB 25"), "Accounting for Stock Issued to Employees".  The difference, if
any, between the fair value of the stock on the date of grant over the
exercise price for the stock is accrued over the related vesting period.
SFAS No. 123, "Accounting for Stock-Based Compensation", ("SFAS 123")
require companies that continue to use APB 25 to account for its stock-based
compensation plan to make pro forma disclosures of net income (loss) and
earnings (loss) per share as if SFAS 123 had been applied.  Statement of
Financial Accounting Standards No. 148 "Accounting for Stock-Based
Compensation-Transition and Disclosure-an amendment of FASB Statement No.
123" provides alternative methods of transition for a voluntary change to the
fair value based method of accounting for stock-based employee compensation.

In addition, this statement amends the disclosure requirements of Statement
123 to require prominent disclosures in both annual and interim financial
statements about the method of accounting for stock-based employee
compensation and the effect of the method used on reported results.




                                <page 13>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

Summary of accounting policies - Continued

Stock Based Compensation - continued

The options granted in 2005 and 2004 have exercise prices which
approximate fair value and accordingly, no compensation cost has been
recognized for the compensatory stock options in the financial statements.
Had compensation cost for the Company's stock options been determined
consistent with FASB statement No. 123, "Accounting for Stock Based
Compensation", the Company's net income (loss) and net income (loss) per
share would have been decreased (increased) to the pro forma amounts
indicated below:
                                                  June 30,
                                              2005        2004
                                            --------    --------
   Net loss                As reported     $(127,181)  $(230,201)
                           Pro forma       $(130,409)  $(240,338)

   Basic loss per share    As reported        $(.005)     $(.009)
                           Pro forma          $(.005)     $(.010)

   Diluted loss per share  As reported        $(.005)     $(.009)
                           Pro forma          $(.005)     $(.010)

The fair value of each option grant is estimated on the date of grant using
the Black-Scholes option-pricing model.

The following assumptions were for grants in 2005; dividend yield of 0%,
expected volatility of 40%, risk free interest rates of 1.0%, and an
expected life of approximately 7.20 years. The following assumptions were
for grants in 2004; dividend yield of 0%, expected volatility of 40%, risk
free interest rates of 1.0%, and an expected life of 4.83 years.

Net Loss Per Share

     SFAS No. 128 requires dual presentation of basic EPS and diluted
EPS on the face of all income statements for all entities with complex
capital structures.   Basic EPS is computed as net income divided by
the weighted average number of common shares outstanding for the
period.  Diluted EPS reflects the potential dilution that could occur
from common shares issuable through stock options, warrants and other
convertible securities.











                                <page 14>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

2. Going Concern

     The Company has a working capital deficit and has incurred losses since
inception.  These factors raise substantial doubt about the Company's ability
to continue as a going concern.  The financial statements do not include any
adjustments that may be necessary if the Company is unable to continue as a
going concern.

     Management of the Company has undertaken certain actions to address these
conditions.  Management is currently in negotiations with potential customers
and with marketing representatives to establish a more developed product
channel.  Funds required to carry out management's plans are expected to be
derived from future stock sales, proceeds of marketable securities or
borrowings from outside parties.  There can be no assurances that the Company
will be successful in executing its plans.

3. Development Stage

     In the year ending March 31, 2004, the Company was considered a
development stage company as defined in SFAS No. 7. Substantial revenues
were produced in the year ending March 31, 2005 in regard to the overall
operations of the organization, thus the Company is no longer considered to
be in the development stage.

4. Marketable Securities and Investment

     The Company owns 46,924 and 111,924 shares of Fonar Corporation as of
June 30, 2005 and March 31, 2005. Fonar is traded on the NASDAQ National Market
system under the symbol FONR.  As discussed in Note 1, the Company accounts for
its marketable securities under Statement of Financial Accounting Standards
No. 115, Accounting for Investments in Debt and Equity Securities.  The
Company's marketable consist of the following:

                               June 30, 2005
          -------------------------------------------------------------
                                                         Unrealized
                               Basis       Fair Value    Gain (Loss)
          Equity Securities  $ 68,940       $ 56,309      $(12,631)
                             ========       ========      =========

                               March 31, 2005
          -------------------------------------------------------------
                                                         Unrealized
                               Basis       Fair Value    Gain (Loss)
          Equity Securities  $ 76,290       $ 70,617      $ (5,673)
                             ========       ========      =========







                                <page 15>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

4. Marketable Securities and Investment-continued

     These securities are considered available-for-sale, as defined by SFAS
No. 115 and, accordingly, the unrealized holding gain is shown in other
comprehensive income, as follows:
                                                      June 30,    March 31,
                                                        2005         2005
                                                      --------     --------
   Unrealized holding gain(loss) recognized as of     $( 6,958)    $ 9,958
   Holding gain (loss) recognized
	in prior years endings                           ( 5,673)     (15,631)
								      --------	  -------

Unrealized holding gain (loss) on investment
      Available for sale                              $(12,631)    $( 5,673)
								       =======      =======

     The Company sold certain available-for-sale securities during the three
months ended June 30, 2005 and received $5,807 in proceeds. Sales of these
securities also resulted in a realized loss of $1,543. There were no sales of
securities during the three months ended June 30, 2004. Management's intent is
to hold these securities and therefore they are shown as a non-current asset.

     On July 14, 2004 the Company announced that it has acquired a ten percent
(10.0%) equity interest in Castaway Record Company, LLC. and a ten percent
(10.0%) equity interest in OneDisc Distribution Co., LLC. The Company aquired
the equity interest for cash paid of $50,000 for each interest. The CEO of our
Company owns a 40% equity interest in Castaway Record Company, LLC. and a 40%
equity interest in OneDisc Distribution Co., LLC. The investments are stated
at cost and approximate fair value at June 30, 2005.

5.  Licenses

     In March 2000, the Company acquired exclusive licensing rights, from
Iterated Systems, Inc., to compile, use, copy and modify ClearVideo Source
Code and to create and manufacture products and services.  As part of this
acquisition Ryan Corley acquired the rights for using the ClearVideo Source
Code for video/audio streaming over the internet of TV type programming and
content. Additionally, the license agreement provides that the Company may
sublicense any products and services that it creates using the technology
under the licensing agreement.  The license was acquired for a $250,000 note
payable and the issuance of 297,500 shares of common stock, valued at $2,975.
In addition during 2004, the Company issued 74,000 shares valued at $14,800
under an anti-dilution clause in the license agreement.

     On January 2, 2002, the Company entered into an agreement with Ryan
Corley, the President and majority stockholder of the Company, whereby the
Company acquired his license agreement for video/audio streaming over the
internet of TV type programming and content using the ClearVideo Source
Code. The Company issued 1,000,000 shares of restricted common stock
valued at $100,000 for the license.


                                <page 16>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

5.  Licenses-continued

     The licenses are being amortized over 10 years which is the estimated
useful life of the patent covering the technology. Amortization expense for
the three months ended June 30, 2005 and 2004 was $9,787 and $9,710 and
accumulated amortization was $178,509 and $168,722

6.   Income Taxes

     At June 30, 2005 and March 31, 2005, the Company had net deferred tax
assets of approximately $901,000 and $858,000 principally arising from net
operating loss carryforwards for income tax purposes.  As management of the
Company cannot determine that it is more likely than not that the Company will
realize the benefit of the net deferred tax asset, a valuation allowance equal
to the net deferred tax asset has been established at June 30, 2005 and March
31, 2005. At June 30, 2005 the Company has net operating loss carryforwards
totaling approximately $2,650,000 which will begin to expire in the year 2015.

7. Notes Payable

    Notes payable-related party consists the following:

                                                       June 30,    March 31,
                                                         2005         2005
                                                       -------      --------
     8% convertible note payable to Ryan Corley,
      President of the Company, due November 15,
      2003, Convertible into a maximum of
      1,100,000 common shares                        $ 110,000     $ 110,000

     6% convertible notes payable to Ryan Corley,
      President of the Company, due on demand,
      convertible into a maximum of
      1,996,860 common shares                          463,215       463,215
                                                      --------      --------
     Total notes payable-related party 	           $ 573,215     $ 573,215
                                                      ========      ========
















                                 <page 17>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

7. Notes Payable-continued

   Notes payable consist of the following:

       6% convertible notes payable to a
        stockholder, due on demand, convertible
        into a maximum of 369,025 common shares      $  60,554      $ 60,554

       4% convertible notes payable to a
        stockholder, due on demand, convertible
        into a maximum of 350,000 common shares        175,000       175,000

       Non-interest bearing note payable to a           21,640        21,640
        stockholder, payments begin May 2005 in the
        amount of $5,000 per month, option to
        purchase 150,000 common shares at $.20
        per share, note was discounted using an
        imputed interest rate of 6%.
                                                      --------       -------
     Total notes payable                             $ 257,194      $257,194
                                                      ========       =======

8.  Advances from Officer and Stockholder

     During the three months ended June 30, 2005, a stockholder made
additional unsecured advances totaling $40,500. At June 30, 2005 and March 31,
2005, advances from stockholder were $275,340 and $234,840, respectively.

     During the three months ended June 30, 2005, the CEO made additional
and unsecured advances (net) totaling $4,000. At June 30, 2005 and March 31,
2005, advances from CEO were $7,270 and $3,270, respectively.

9. Common Stock Transactions

The Company issued 274,850 shares of restricted common stock in exchange for
services in the three months ended June 30, 2005.

10. Stock Options

     On July 24, 2001, the Company filed with the SEC Form S-8, for its
2002 Stock Option Plan, (the Plan). An aggregate amount of common stock
that may be awarded and purchased under the Plan is 3,000,000 shares of
the Company's common stock. Under the Plan during the three months ended
June 30, 2005 and 2004, the Company granted -0- and 200,000 stock options to
employees, consultants and members of the Board of Directors.

     During the three months ended June 30, 2005 and 2004, Company granted
-0- and 200,000 to employees and consultants to purchase common stock with
exercise prices of $.43 per share which was equal to or higher than the
market price at the date of the grant. Compensation was required to be
recorded for options granted to the consultants using the Black-Scholes option-
pricing model for the three months ended June 30, 2005 and 2004 were $1,501
and $29,019 respectively.
                                 <page 18>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

10. Stock Options - continued

     SFAS No. 123 requires the Company to provide pro forma information
regarding net income (loss) applicable to common stockholders and
income (loss) per share as if compensation cost for the Company's
options granted to employees had been determined in accordance with the
fair value based method prescribed in that statement.

     The Company estimated the fair value of each stock option for
employees at the grant date by using the Black-Scholes option-pricing
model with the following weighted average assumptions used for grants
as follows:
                                                 June 30,
                                           2005           2004
                                         ========     =========
         Dividends yield                     0%            0%
         Expected volatility                40%           40%
         Risk-free interest rate           1.0%          1.0%
         Expected life                  4.60 years    4.60 years

     For purposes of pro forma disclosures, the estimated fair value of the
options is amortized to expense over the options' vesting period.

Pro forma net loss and net loss per share information is presented below:

                                                 June 30,
                                           2005           2004
                                         ========      =========
Pro forma net loss to stockholders      $(130,409)   $ (240,338)
Pro forma basic and diluted
     net loss per share                    (0.005)       (0.010)

     Stock options to non-employees have been accounted for at
the fair value of the options at the grant date as determined using
the Black-Scholes option-pricing model.

     Option valuation models incorporate highly subjective assumptions.
Because changes in the subjective assumptions can materially affect the
fair value estimate, the existing models do not necessarily provide a
reliable single measure of the fair value of the Company's employee
stock options. Because the determination of fair value of all employee
stock options granted after such time as the Company becomes a public
entity will include an expected volatility factor and because, for pro
forma disclosure purposes, the estimated fair value of the Company's
employee stock options is treated as if amortized to expense over the
options' vesting period, the effects of applying SFAS No 123 for pro
forma disclosures are not necessarily indicative of future amounts.






                                 <page 19>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

10. Stock Options - continued

A summary of the status of the Company's stock options is presented below:
                                             June 30,      March 31,
                                               2005          2005
                                            =========     =========
Options outstanding at beginning of period  4,400,800     4,090,000
Options granted                               400,000       350,000
Options exercised                                -         ( 14,200)
Options canceled                             (400,000)     ( 25,000)
                                            ---------     ---------
Options outstanding at end of period        4,400,800     4,400,800
                                            =========     =========
The following table summarizes the information about the stock options
as of June 30, 2005:

                    Weighted                            Weighted
                     Average    Weighted                 Average
          Number    Remaining    Average      Number    Exercise
Range of Outstand- Contractual  Exercise    Exercisable   Price
Exercise  ing at      Life       Price          at     (exercisable
 Price    Dec 31     Years   (Total shares)   Dec 31     shares)
-------- ---------  ---------- ------------  ----------  ---------
  $.40     400,000     1.00       $.40         400,000      $.40
   .50   1,095,800     4.32        .50         945,800       .50
   .50     795,000     5.42        .50         795,000       .50
 .17-.90   760,000     1.55        .34         755,000       .34
 .40-.66 1,000,000     2.84        .52         794,000       .50
   .43     200,000     6.08        .43         150,000       .43
   .20     150,000     1.33        .20         150,000       .20
-------- ---------  ---------- ------------  ----------  ---------
$.17-.90 4,400,800     3.38        .46       3,989,800      $.45
======== =========  ========== ============  ==========  =========
The following table summarizes the information about the stock options
as of March 31, 2005:

                    Weighted                            Weighted
                     Average    Weighted                 Average
          Number    Remaining    Average      Number    Exercise
Range of Outstand- Contractual  Exercise    Exercisable   Price
Exercise  ing at      Life       Price          at     (exercisable
 Price    March 31   Years   (Total shares)   March 31   shares)
-------- ---------  ---------- ------------  ----------  ---------
  $.40     400,000      .25       $.40         400,000      $.40
   .50   1,095,800     4.57        .50         945,800       .50
   .50     795,000     5.67        .50         795,000       .50
 .17-.90   760,000     1.80        .33         755,000       .34
 .40-.66 1,000,000     3.09        .52         794,000       .50
   .43     200,000     6.33        .43         150,000       .43
   .20     150,000     1.58        .20         150,000       .20
-------- ---------  ---------- ------------  ----------  ---------
$.17-.90 4,400,800     3.54        .45       3,989,800      $.45
======== =========  ========== ============  ==========  =========
                                     <page 20>
EnXnet, Inc.
NOTES TO FINANCIAL STATEMENTS

11. Commitments and Contingencies

     The Company is involved in litigation in the ordinary course of
business. Based on information currently available, it is the opinion of
management that the ultimate resolution of the pending legal proceedings
will not have a material impact on the financial statements.

12. Subsequent Event

     On July 18, 2005 effective for July 1, 2005 the Board of Directors called
and reissued notes payable to the CEO. The principal amount of the six notes
called was $463,215 with accrued interest of $65,388. The reissued note has a
principal balance of $528,603 accruing interest at 6% per year, is due on
demand and is convertible into 3,524,018 shares of common stock.

     On July 18, 2005 effective for July 1, 2005 the Board of Directors called
and reissued notes payable to a stockholder. The principal amount of the two
notes called was $60,554 with accrued interest of $8,764. The reissued note
has a principal balance of $69,318 accruing interest at 6% per year, is due on
demand and is convertible into 462,119 shares of common stock.

Item 2. Managements Discussion and Analysis or Plan of Operation

    The following plan of operation, discussion of the results of
operations and financial conditions should be read in conjunction with
the financial statements and related notes appearing in this report.

    EnXnet, Inc. was formed under the laws of the State of Oklahoma on
March 30, 1999 as Southern Wireless, Inc. It is a business and technology
development enterprise engaged in the development, marketing, and licensing of
emerging technologies and innovative business strategies and practices,
focusing primarily on products, solutions, and services which support and
enhance multimedia management.

     The Company currently can satisfy its current cash requirements
for approximately 60-90 days and has a plan in place to raise additional
working capital by the sale of the marketable securities and shares of
the Company common stock to selected perspective individuals and from
additional borrowings. This plan should provide the additional necessary funds
required to enable the Company to continue marketing and developing its
products until the Company can generate enough cash flow to sustain its
operations.

     The Company does not anticipate any significant cash requirements
for the purchase of any facilities.

     The Company currently has four full-time employees on the payroll. It is
anticipated that the Company will need to hire additional employees in order
to expand the marketing and developing of its products.




                                    <page 21>

Results of Operations - June 30, 2005 and 2004.

     In the year ending March 31, 2004, the Company was considered a
development stage company as defined in SFAS No. 7. Substantial revenues were
produced in the year ending March 31, 2005 in regard to the overall operations
of the organization, thus the Company is no longer considered to be in the
development stage. During the three months ended June 30, 2005 and 2004 our
revenues from operations were $1,790 and $24,721. Gross profits from these
revenues were $1,040 and $7,380, respectively. Prior to the year ending March
31, 2005 there had been no significant revenues since incorporation.  For the
months ended June 30, 2005 and 2004, the Company incurred operating expenses
of $112,966 and $228,244. The decrease in operating expenses of $115,278 (51%)
is attributed to a decrease in consulting fees and in the Black-Scholes option
valuations related to stock options granted to consultants, and a decrease in
payroll expenses from the reduction from 5 to 4 employees in our office.
During the months ended June 30, 2005 and 2004 we incurred net losses of
$127,181 and $230,201 or $(0.005) and $(0.009) per share, which is primarily
the result of payment of payroll expenses, consulting fees, and professional
services.

Liquidity and Capital Resources.

      From inception through August 3, 2005, the Company has issued 25,347,893
shares of its Common Stock to officers, directors and others.  The Company has
little operating history and no material assets other than the license
agreement for ClearVideo and DVDPlus, and the pending patents for Disc
Security Tag, EnXCase, "acousto-magnetic" EAS tags, ARFIDTag and HyTag,
passive electronic EAS tag.  The Company has $2,366 in cash as of June 30,
2005. In July 2005, the Company received additional advances from related
parties.

     Until the previous year, the Company was in the development stage
since its inception. The Company had no recurring source of revenue until the
current year and has incurred operating losses since inception. During the
year ended March 31, 2005 the Company started receiving significant revenues
from the sales of its products and is no longer considered to be in the
development stage. The Company has incurred operating losses each year since
its inception and has had a working capital deficit at June 30, 2005 and March
31, 2005. At June 30, 2005 and March 31, 2005 the working capital deficit was
$1,269,412 and $1,188,682 respectively. These factors raise substantial doubt
about the Company's ability to continue as a going concern.  As a result of
these factors, the Company's independent certified public accountants have
included an explanatory paragraph in their reports on the Company's March 31,
2005 financial statements which expressed substantial doubt about the
Company's ability to continue as a going concern.

     At the present time, the Company has no material commitments for
capital expenditures.  If capital expenditures are required after
operations commence, the Company will pay for the same through the sale
of common stock; or through loans from third parties.  There is no
assurance, however, that such financing will be available and in the
event such financing is not available, the Company may have to cease
operations.


                                     <page 22>

STATEMENT REGARDING FORWARD-LOOKING STATEMENTS.

     This Quarterly Report includes "forward-looking statements" within the
meaning of Section 27A of the Exchange Act which represent the expectations or
beliefs concerning future events that involve risks and uncertainties,
including but not limited to the demand for Company products and services and
the costs associated with such goods and services. All other statements other
than statements of historical fact included in this Quarterly Report including,
without limitation, the statements under "Managements Discussion and Analysis
or Plan of Operations" and elsewhere in the Quarterly Report, are forward-
looking statements.  While the Company believes that the expectations reflected
in such forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct.

CURRENT TRADING MARKET FOR THE COMPANY'S SECURITIES.

     Currently the Company's stock is traded under the symbol "EXNT" on the
NASD OTC Bulletin Board and, if and when qualified, it intends to apply for
admission to quotation on the NASDAQ Small Cap Market. There can be no
assurance that an active or regular trading market for the common stock will
develop or that, if developed, will be sustained. Various factors, such as
operating results, changes in laws, rules or regulations, general market
fluctuations, changes in financial estimates by securities analysts and other
factors may have a significant impact on the market of the Company securities.
The market price for the securities of public companies often experience wide
fluctuations that are not necessarily related to the operating performance of
such public companies such as high interest rates or impact of overseas
markets.

ITEM 3. CONTROLS AND PROCEDURES

Within the 90 days prior to the filing date of this report, an evaluation was
carried out (the "Controls Evaluation"), under the supervision and with the
participation of Company's management, including its Chief Executive Officer
("CEO") and the Chief Financial Officer ("CFO"), of the effectiveness of the
Company's "disclosure controls and procedures" (as defined in Section 13a-14 (
c) and 15d-14 (c) of the Securities Exchange Act of 1934 ("Disclosure
Controls")). Based upon that evaluation, the CEO and CFO has concluded that the
Disclosure Controls are effective to ensure that the information required to be
disclosed by the Company in reports it files or submits under the Securities
Exchange Act of 1934 is recorded, processed, summarized and reported as
required by the rules and forms of the Securities Exchange Commission.

The CEO and CFO note that, since the date of the Controls Evaluation to the
date of this report, there have been no significant changes in the Company's
internal controls or in other factors that could significantly affect the
internal controls, including any corrective actions with regard to significant
deficiencies and material weaknesses.







                                <page 23>
PART II OTHER INFORMATION

Item 1. Legal Proceedings
          We may from time to time be parties to various legal actions. We
are currently being sued by a party to two agreements with the Company
alleging breach of contract, fraud, and breach of fiduciary duty. This case
is in the initial stages of litigation and it is impossible to determine the
outcome or any potential adverse effect the outcome will have on the Company.

Item 2. Changes in Securities
     Not applicable

Item 3. Defaults upon Senior Securities
     Not applicable

Item 4. Submission of matters to a vote to security holders
     Not applicable

Item 5. Other Information
     Not applicable

Item 6. Exhibits and Reports on Form 8-K
     (a) Exhibits
         Exhibit 99.1     Certification of financial statements
                          Chief Executive Officer and Chief Financial Officer
     (b) Reports on Form 8-K
         (1)  On April 5, 2005 the Company announced that effective March 31,
2005 that the Board of Directors have accepted the resignation of Lou Aloisio
from the Board of Directors and as Secretary of the Company.
         (2) On June 27 the Company announced that we have filed for Utility
and Design Patent rights for our passive electronic article surveillance tag.
         (3) On July 7, 2005 the Company announced that the Board of Directors
have elected Linda Howard to serve as Secretary of the Corporation.























                                <page 24>

SIGNATURES


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

EnXnet, Inc.
(Registrant)

Dated: August 11, 2005
/s/ Ryan Corley
    Ryan Corley - President










































                                <page 25>