UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-QSB  (Mark One)  x
        Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.  For the quarterly period ended September 30, 2005.  or  o
        Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.   For the transition period from ______to______.  Commission file number 000-31361  FUTOMIC INDUSTRIES, INC. (Exact name of registrant as specified in its charter)  New Jersey
        22-3720628(State or other jurisdiction of
        (I.R.S. Employer Identification No.)incorporation or organization)  8717-53 AVENUE, 2ND FLOOR, EDMONTON,ALBERTA, CANADA
        T6E 5E9(Address of principal executive offices)
        (Zip Code)  (780) 485-1257 (Registrants telephone number, including area code)  (Former name, former address and former fiscal year, if changed since last report)  Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days. YesxNoo  Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.  Yes
        o
        Nox  State the number of shares outstanding of each of the issuers classes of
common equity, as of November 14, 2005: 7,615,000 shares of common stock
outstanding, $0.0001 par value.          FUTOMIC INDUSTRIES, INC.





FINANCIAL STATEMENTS



INDEX



PART I-- FINANCIAL INFORMATION




Item 1.
        Financial Statements


Item 2.
        Managements Discussion and Analysis of Financial Condition


Item 3.
        Control and Procedures

PART II-- OTHER INFORMATION




Item 1.
        Legal Proceedings


Item 2.
        Changes in Securities


Item 3.
        Defaults Upon Senior Securities


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


Item 5.
        Other Information


Item 6.
        Exhibits and Reports on Form 8-K

SIGNATURE



Basis of Presentation



The accompanying reviewed financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the nine months ended September 30, 2005 are not necessarily indicative of results that may be expected for the year ending December 31, 2005. The financial statements are presented on the accrual basis.

















FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)



FINANCIAL STATEMENTS









AS OF September 30, 2005 and DECEMBER 31, 2004

























FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)



Financial Statements Table of Contents








FINANCIAL STATEMENTS
        Page #






Balance Sheet
        F-1/F-2




Statement of Operations and Retained Deficit
        F-3/F-4




Statement of Comprehensive Income
        F-5




Statement of Stockholders Equity
        F-6




Cash Flow Statement
        F-7




Notes to the Financial Statements
        F-8

















FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)

BALANCE SHEETS

As of September 30, 2005 and December 31, 2004



ASSETS






CURRENT ASSETS
        
        September 30, 2005
        
        December 31, 2004Cash
        $
        1,075
        $
        114,741TOTAL CURRENT ASSETS
        
        1,075
        
        114,741FIXED ASSETSResearch equipment
        
        0
        
        3,113Furniture
        
        0
        
        3,775Computers and software
        
        5,280
        
        7,496Accumulated depreciation
        
        (1,512)
        
        (2,120)TOTAL PROPERTY AND EQUIPMENT
        
        3,768
        
        12,264OTHER ASSETSDeposits
        
        1,070
        
        900TOTAL ASSETS
        $
        5,913
        $
        127,905



F-1





FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)

BALANCE SHEETS

As of September 30, 2005 and December 31, 2004



LIABILITIES AND STOCKHOLDERS EQUITY




CURRENT LIABILITIES
        
        September 30, 2005
        
        December 31, 2004Accounts payable
        $
        2,910
        $
        11,493Wages payable
        
        27,711
        
        21,711Shareholder loan
        
        60,351
        
        46,910TOTAL LIABILITIES
        
        90,972
        
        80,114STOCKHOLDERS EQUITYPreferred Stock - Par value $0.0001;20,000,000 shares authorized;none issued and outstanding
        
        0
        
        0Common Stock - par value $0.0001;100,000,000 shares authorized;Shares issued and outstanding:7,615,000 and 16,371,000, respectively
        
        762
        
        1,695Additional paid in capital
        
        341,662
        
        383,937Foreign currency translation adjustment
        
        (833)
        
        (561)Accumulated Deficit
        
        (426,650)
        
        (337,280)Total stockholders equity
        
        (85,059)
        
        47,791TOTAL LIABILITIES AND STOCKHOLDERS EQUITY
        $
        5,913
        $
        127,905



The accompanying notes are an integral part of these financial statements.



F-2



FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)

STATEMENTS OF OPERATIONS

For the nine months ended September 30, 2005 and 2004, and

from inception (June 24, 2003) through September 30, 2005




Nine Months
Ended
Sep. 30, 2005
        
        Nine Months
Ended
Sep. 30, 2004
        
        From Inception
Through
Sep. 30, 2005SALES
        $
        0
        $
        0
        $
        0COST OF SALES
        
        0
        
        0
        
        0GROSS PROFIT
        
        0
        
        0
        
        0GENERAL AND ADMINISTRATIVE EXPENSES
        
        86,224
        
        55,020
        
        250,056RESEARCH AND DEVELOPMENT COSTS
        
        3,152
        
        58,798
        
        176,327OPERATING INCOME (LOSS)
        
        (89,376)
        
        (113,818)
        
        (426,383)INTEREST INCOME
        
        6
        
        20
        
        55INTEREST (EXPENSE)
        
        0
        
        0
        
        (322)NET INCOME (LOSS)
        
        (89,370)
        
        (113,798)
        
        (426,650)ACCUMULATED DEFICIT, BEGINNING BALANCE
        
        (337,280)
        
        (153,520)
        
        (0)ACCUMULATED DEFICIT, ENDING BALANCE
        $
        (426,650)
        $
        (267,318)
        $
        (426,650)NET EARNINGS PER SHAREBasicNet loss per share
        
        ($.06)
        
        ($.02)Weighted AverageNumber of Common Shares Outstanding
        
        7,615,000
        
        16,427,250

The accompanying notes are an integral part of these financial statements.





F-3



FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)

STATEMENTS OF OPERATIONS

For the three months ended September 30, 2005 and 2004




Three Months
Ended
Sep. 30, 2005
        
        Three Months
Ended
Sep. 30, 2004SALES
        $
        0
        $
        0COST OF SALES
        
        0
        
        0GROSS PROFIT
        
        0
        
        0GENERAL AND ADMINISTRATIVE EXPENSES
        
        32,083
        
        26,276RESEARCH AND DEVELOPMENT COSTS
        
        0
        
        1,998OPERATING INCOME (LOSS)
        
        (32,083)
        
        (28,274)INTEREST INCOME
        
        0
        
        20INTEREST (EXPENSE)
        
        0
        
        0NET INCOME (LOSS)
        
        (32,038)
        
        (28,254)

The accompanying notes are an integral part of these financial statements.





F-4



FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)

STATEMENT OF COMPREHENSIVE INCOME

For the nine months ended September 30, 2005 and 2004






Nine Months
Ended
Sept. 30, 2005
        
        Nine Months
Ended
Sept. 30, 2004NET INCOME (LOSS)
        $
        (89,370)
        $
        (113,798)FOREIGN CURRENCY TRANSALTION ADJUSMENTS
        
        (272)
        
        134COMPREHENSIVE INCOME
        $
        (89,642)
        $
        (113,664)





The accompanying notes are an integral part of these financial statements.




F-5




FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)

STATEMENT OF STOCKHOLDERS EQUITY

From inception (June 24, 2003) through September 30, 2005


SHARES
        
        COMMON
STOCK
        
        ADDITIONAL
PAID IN
CAPITAL
        
        FOREIGN
CURRENCY
TRANSLATION
ADJUSTMENT
        
        ACCUMULATED
DEFICIT
        
        TOTALEquity Balances pre-merger
        5,000,000
        $
        500
        $
        2,502
        $
        0
        $
        (4,502)
        $
        (1,500)Shares issued in exchangeof stock for acquisitionof subsidiary on August15, 2003 for $0.01 per shareon a one-for-one exchangeof 11,371,000 common sharesare as follows:Exchange for 5,000,000 sharesAdjustment to accumulateddeficit upon merger
        
        
        
        
        (4,502)
        
        
        
        4,502
        
        0Stock issued for the
        10,000,000
        
        1,000
        
        102,582
        
        0
        
        0
        
        103,582purchase of research,technology and appliedfor patents for avalue of $0.01 per shareon July 7, 2003.Stock issued for cash
        1,250,000
        
        125
        
        12,375
        
        
        
        
        
        12,500on July 3, 2003 for $0.01per share.Stock issued for cash
        121,000
        
        12
        
        6,038
        
        
        
        
        
        6,050on July 18, 2003 for $0.05per share.Foreign currency translationadjustment
        
        
        
        
        
        
        871
        
        
        
        871Net loss
        
        
        
        
        
        
        
        
        (153,520)
        
        (153,520)Total, December 31, 2003
        16,371,000
        $
        1,637
        $
        118,995
        $
        871
        $
        (153,520)
        $
        (32,017)Foreign currency translationadjustment(1,432)
        
        
        
        
        
        
        (1,432)
        
        
        
        (1,432)Stock issued for cashon March 15, 2004 for $0.20per share
        75,000
        
        8
        
        14,992
        
        
        
        
        
        15,000Stock issued for cashon July 15, 2004 for $0.50per share
        500,000
        
        50
        
        249,950
        
        
        
        
        
        250,000Net loss
        
        
        
        
        
        
        
        
        (183,760)
        
        (183,760)Total, December 31, 2004
        16,946,000
        $
        1,695
        $
        383,937
        $
        (561)
        $
        (337,280)
        $
        47,791Foreign currency translationAdjustment
        
        
        
        
        
        
        (272)
        
        
        
        (272)Purchase of 9,331,000 shares ofTreasury Stock on January 1, 2005with property and cash for $0.005per share and then retired
        (9,331,000)
        
        (933)
        
        (42,275)
        
        
        
        
        
        (43,208)Net loss
        
        
        
        
        
        
        
        
        (89,370)
        
        (89,370)Total, September 30, 2005
        7,615,000
        $
        762
        $
        341,662
        $
        (833)
        $
        (426,650)
        $
        (85,059)



The accompanying notes are an integral part of these financial statements.



F-6




FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)

For the nine months ended September 30, 2005 and 2004,

from inception (June 24, 2003) through September 30, 2005






Nine Months
Ended
Sep. 30, 2005
        
        Nine Months
Ended
Sep. 30, 2004
        
        From Inception
Through
Sep. 30, 2005CASH FLOWS FROM OPERATING ACTIVITIESNet income (loss)
        $
        (89,370)
        $
        (113,798)
        $
        (426,650)Adjustment for stock acquisition exchange
        
        0
        
        0
        
        (1,500)Research costs acquired with stock
        
        0
        
        0
        
        103,582Foreign currency translation adjustment
        
        (273)
        
        134
        
        (833)Depreciation
        
        648
        
        481
        
        2,424(Increase) Decrease in receivable  Selectrics
        
        0
        
        6,961
        
        0(Increase) Decrease in employee advance
        
        0
        
        1,690
        
        0(Increase) Decrease in deposits
        
        (170)
        
        0
        
        (1,070)Increase (Decrease) in accounts payable
        
        (8,583)
        
        4,726
        
        2,910Increase (Decrease) in wages payable
        
        6,000
        
        27,711
        
        27,711NET CASH PROVIDED OR (USED) IN OPERATION
        
        (91,748)
        
        (72,095)
        
        (293,426)CASH FLOWS FROM INVESTING ACTIVITIESCash paid for fixed assets
        
        0
        
        (7,500)
        
        (14,384)0
        
        (7,500)
        
        (14,384)CASH FLOWS FROM FINANCING ACTIVITIESStockholder loans
        
        13,098
        
        11,173
        
        60,351Proceeds from issuance of common stock
        
        0
        
        265,000
        
        283,550Purchase of treasury stock
        
        (35,016)
        
        0
        
        (35,016)(21,918)
        
        276,173
        
        308,885CASH RECONCILIATIONNet increase (decrease) in cash
        
        (113,666)
        
        196,578
        
        1,075Beginning cash balance
        
        114,741
        
        741
        
        0ENDING CASH BALANCE
        $
        1,075
        $
        197,319
        $
        1,075



The accompanying notes are an integral part of these financial statements.



F-7



FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)

FOOTNOTES TO THE FINANCIAL STATEMENTS





1.Summary of significant accounting policies:



Industry
Futomic  Industries  Inc., (the Company),  was  incorporated in the State of New Jersey on April 6, 2000 and has adopted December 31 as
its fiscal year end. On August 13, 2003, the Company filed an amendment to the Certificate of  Incorporation  to change the name of the
Company from Segway VI Corp. to read as 3DLP  International  Inc. On April 19 2004, the Company filed and amendment to the  Certificate
of  Incorporation  to change the name of the Company  from 3DLP  International  Inc. to read as Futomic  Industries  Inc. On August 15,
2003,  the Company  acquired in a common stock,  one-for-one,  share  exchange  Selectrics  Corporation,  (the  Subsidiary),  a company
incorporated  in the State of  Delaware  on June 24,  2003  which has  adopted  December  31 as its fiscal  year end.  At this time the
subsidiary is inactive while Futomic is involved in consulting to large companies and governments for biometric security products.  The
Company is considered to be in the  development  stage (a  development  stage company)  since it is devoting  substantially  all of its
efforts to establishing new technology.



The Accounting Acquirer- Prior to this transaction, the Company was a non-operating corporation with nominal assets. The owners and management of the Selectrics Corporation, (the Subsidiary), a private operating company, have operating control of the Company as a result of the transaction. Therefore, this transaction is a capital transaction in substance, rather than a business combination. That is, the transaction is equivalent to the issuance of stock by a private company for the net monetary assets of the public corporation, accompanied by re-capitalization. The accounting is identical to that resulting from a reverse acquisition, except no goodwill or other intangible asset are recorded. Because Selectrics Corporation is essentially then treated as the acquirer for accounting purposes, the equity accounts are adjusted for the share exchange and carried forward. Prior accumulated
deficits of the Company are adjusted to additional paid in capital therefore carrying forward the accumulated deficit or earnings of Selectrics Corporation  As such, the financial statements for the periods prior to the merger are those of Selectrics Corporation.



Results of Operations, Liquidity, Capital Resources and Going Concern-The Companys financial statements have been presented on the basis that it is a going concern in the development stage, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company, a development stage company, is considered to be an ongoing entity. The Companys shareholders may fund, at their discretion, any shortfalls in the Companys cash flow on a day to day basis during the time period that the Company is in the development stage. The Company may also seek both private and public debt and/or equity funding during this time period.



Cash and Cash Equivalents- The Company considers cash on hand and amounts on deposit with financial institutions which have original maturities of three months or less to be cash and cash equivalents.



Basis of Accounting- The Companys financial statements are prepared in accordance with generally accepted accounting principles.



Research and Development costs- Research and Development costs are expensed as incurred in accordance with generally accepted accounting principles. Costs in association with the development of a patented technology when computer software is developed will be capitalized when technological feasibility is established in accordance with financial accounting standard No. 86.



F-8





Income Taxes- The Company utilizes the asset and liability method to measure and record deferred income tax assets and liabilities. Deferred tax assets and liabilities reflect the future income tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. At this time, The Company has set up an allowance for deferred taxes as there is no company history to indicate the usage of deferred tax assets and liabilities.



Fair Value of Financial Instruments- The Companys financial instruments may include cash and cash equivalents, short-term investments, accounts receivable, accounts payable and liabilities to banks and shareholders. The carrying amount of long-term debt to banks approximates fair value based on interest rates that are currently available to The Company for issuance of debt with similar terms and remaining maturities. The carrying amounts of other financial instruments approximate their fair value because of short-term maturities.



Foreign Currency Translation Adjustments The Company applies Financial Accounting Standard No. 52, Foreign Currency Translation. The Company applies this standard for translation of foreign currency financial statements for the purposes of consolidation. This standard is also applied to accounting for and reporting foreign currency transactions.



Concentrations of Credit Risk- Financial instruments which potentially expose The Company to concentrations of credit risk consist principally of operating demand deposit accounts. The Companys policy is to place its operating demand deposit accounts with high credit quality financial institutions. At this time The Company has no deposits that are at risk.



2.Related Party Transactions:



Partners in the Companys securities law firm, Anslow and Jaclin, LLP, were the original incorporators of the Company and remain as shareholders in the Company. The firm continues to perform services for the Company.



From time-to-time shareholders may advance the Company its working capital needs. The balance at September 30, 2005 and December 31, 2004 was $60,351 and $46,910, respectively.



On March 23, 2004, the Company entered into a purchase agreement with a stockholder. The agreement called for the purchase of a patent application for the amount of $50,000 which has been expensed in the financial statements as purchased research and development.



3.Accounts Receivable and Customer Deposits:



Accounts receivable and Customer deposits do not exist at this time and therefore have no allowances accounted for or disclosures made.



4.Use of Estimates:



Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenue and expenses. Management has no reason to make estimates at this time.



5.Revenue and Cost Recognition:



The Company uses the accrual basis of accounting in accordance with generally accepted accounting principles for financial statement reporting.



F-9





6.Foreign Currency Translation Adjustments:



The Company operates a research and development facility in Canada. The Company uses Canadian currency to operate this facility and prepares financial statements for this facility in that currency. These statements have been translated in accordance with Generally Accepted Accounting Principles, FAS - 52. The translation adjustments our shown as part Stockholders Equity and do not effect the Companys revenue and expense. The Company had ($561) and $871 in translation adjustments for the periods ending December 31, 2004 and 2003, respectively. Transaction gains and losses are shown as revenue or expense by the Company in the Statement of Operations. From inception the Company had no transaction gains or losses.



7.Accrued Expenses:



Accrued expenses consist of accrued legal, accounting and office costs during this stage of the business.



8.Operating and Capital Lease Agreements:



The Company has no agreements at this time.



9.Stockholders Equity:



PREFERRED STOCK:



The Company has authorized 20,000,000 shares of preferred stock at a par value of $0.0001, none of which have been issued and none are outstanding.



COMMON STOCK:



The Company has authorized 100,000,000 shares of Common Stock with a par value of $0.0001. The Company 7,615,000 common shares issued and outstanding.



On January 1, 2005 the Company issued cash and other property to a shareholder for the return of 9,331,000 common shares to be held as treasury stock for a value of $43,208 or $.005 per share.



On July 23, 2004, the Company authorized the issuance of 500,000 Common Shares in the form of a private placement offering for $250,000, or $0.50 per share. The Companys management believes this offering to be exempt under the U.S. Securities Act of 1933.



On March 15, 2004, the Company issued for $15,000 cash 75,000 shares of common stock with a par value of $0.0001 and a per share value of $0.20.



On June 24, 2003, Selectrics Corporation, the Subsidiary, was incorporated in the State of Delaware. The Subsidiary has authorized 100,000,000 common shares of stock with no par value.



On July 7, 2003, the Subsidiary issued 10,000,000 shares of its Common Stock for the acquisition of technology and applied patent assignments for a value of $103,582, or $0.01 per share. The value of this transaction was expensed as research and development costs in accordance with generally accepted accounting principles.



On July 1, 2003, the Subsidiary authorized the issuance of 1,250,000 Common Shares of stock to be issued from the Subsidiarys treasury in the form of a private placement offering at a price of $0.01 per share. The Subsidiarys management believes this offering to be exempt under the U.S. Securities Act of 1933. On July 3, 2003, the Subsidiary issued 1,250,000 Common Shares of stock to four shareholders for a total of $12,500, or $0.01 per share.



F-10




On July 18, 2003, the Subsidiary authorized the issuance of 250,000 Common Shares of stock to be issued from the Subsidiarys treasury in the form of a private placement offering at a price of $0.05 per share. The Subsidiarys management believes this offering to be exempt under the U.S. Securities Act of 1933. During August of 2003, the Subsidiary issued 121,000 Common Shares of stock for a total of $6,050, or $0.05 per share.



On August 15, 2003, the Company authorized and approved the acquisition of Selectrics Corporation (the Subsidiary), a wholly owned subsidiary, in an exchange of 11,371,000 Common Shares, all of the outstanding shares of stock of the Subsidiary on a one-for-one basis with the Company for a value of $121,882, or $0.01 per share.



On August 15, 2003, the Subsidiary authorized and approved itself in becoming a wholly owned subsidiary of  the Company in an exchange of 11,371,000 Common Shares, all of the outstanding shares, of stock on a one-for-one basis with the Company for a value of $121,882, or $0.01 per share.



10.Required Cash Flow Disclosure for Interest and Taxes Paid:



The company has paid no amounts for federal income taxes and interest. In a non-cash issuance of common shares, the Company issued shares of stock for the purchase research and development costs that were expensed by the Company for a value of $103,332.



11.Earnings Per Share:



Basic earnings per share (EPS) is computed by dividing earnings available to common shareholders by the weighted-average number of common shares outstanding for the period as required by the Financial Accounting Standards Board (FASB) under Statement of Financial Accounting Standards (SFAS) No. 128, Earnings per Shares. Diluted EPS reflects the potential dilution of securities that could share in the earnings.



12.Litigation, Claims and Assessments:



From time to time in the normal course of business the Company may be involved in litigation. The Companys management has determined that there are no asserted or unasserted claims that they are aware of at this time.



13.Contracts, Agreements and Contingent Liabilities:



On July 7, 2003, the Subsidiary acquired technology and patent assignments for a value of $103,332. The Subsidiary agreed to (a) Immediately pay past patent fees and to continue to maintain in good standing, all present and future costs, associated directly or indirectly with the patent applications and the represented technology development. (B) Maintain professional records of the patent applications and to inform and allow access by the vendor to all activities related to documentation and filings of the patent applications. (C) Not to sell the patents or the Technology in any way without the express written consent of the inventor. The assignment agreement is not transferable or salable by the purchaser in any way without the signed written agreement from the vendor. (D) The Patent applications shall be vended from the vendor to the purchaser for the sum of 10,000,000 Common Shares of the Subsidiary as
consideration upon all conditions outlined herein fully executed. And (e) If the purchaser goes bankrupt, changes business, becomes insolvent or is unable to carry on business the Purchaser agrees that the Patents will be forthwith immediately be returned to the vendor, without conditions or costs.



14.Deferred Tax Assets and Liabilities:



The Company, currently a C-Corporation, accounts for income taxes in accordance with Statements on Financial Accounting Standards 109. As of December 31, 2004 and December 31, 2003, The Company had a deferred tax asset in the amount of approximately $67,500 and 30,700, respectively, that is derived from a net operating tax loss carryforward of $183,760 and $153,198, respectively. The deferred tax assets will expire during the years 2024 and 2023, respectively, if not used to offset taxable income. There is uncertainty about whether the Company will be in a position of using these tax assets therefore an allowance has been set up to offset these assets.



F-11









Item 2. Managements Discussion and Analysis of Financial Conditions and Results of Operations



Plan of Operation



As part of the purchased assets of its wholly owned subsidiary, the consolidated entity is involved in consulting and OEM (original Equipment Manufacturing) of a biometric security card solution to large corporations and governments. It is the intention of the Registrant to generate business by consulting on infrastructure changes that are required by large Corporations and governments to incorporate a biometric security card solution.



There is no assurance the Company will be successful in the completion of its prototype nor is there any assurance the Company will be successful in the generation of an ongoing business if it completes its prototype to a marketable product stage.



Results of Operation



The Company did not have any operating income from inception (June, 2003) through September 30, 2005. For the inception through the quarter ended September 30, 2005, the Company recognized an accumulated deficit of $426,650. Some general and administrative expenses during the quarter were accrued with expenses for the quarter comprised of costs mainly associated with legal, accounting and office supplies.



Liquidity and Capital Resources



At September 30, 2005 the Company had a cash balance of $1,075 and has relied upon the issuance of common stock and additional capital contributions from shareholders to fund administrative expenses. The Company wishes to generate operating cash flows to fund future operations and also consider public and/or private capital raises in the form of debt and/or equity securities.



Critical Accounting Policies



Futomics financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (GAAP). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different
assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.





















Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact its financial condition and results of operations, Futomic views certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on Futomics consolidated financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.




Item 3.
        Controls and Procedures


(a)
        Evaluation of disclosure controls and procedures.

Our Chief Executive Officer and Chief Financial Officer (collectively the Certifying Officers) maintain a system of disclosure controls and procedures that is designed to provide reasonable assurance that information, which is required to be disclosed, is accumulated and communicated to management timely. Under the supervision and with the participation of management, the Certifying Officers evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule [13a-14(c)/15d-14(c)]under the Exchange Act) within 90 days prior to the filing date of this report. Based upon that evaluation, the Certifying Officers concluded that our disclosure controls and procedures are effective in timely alerting them to material information relative to our company required to be disclosed in our periodic filings with the SEC.




(b)
        Changes in internal controls.

Our Certifying Officer has indicated that there were no significant changes in our internal controls or other factors that could significantly affect such controls subsequent to the date of his evaluation, and there were no such control actions with regard to significant deficiencies and material weaknesses.

















PART II - OTHER INFORMATION




Item 1. Legal Proceedings.
        None.


Item 2. Changes in Securities.
        None


Item 3. Defaults Upon Senior Securities.
        Not Applicable


Item 4. Submission of Matters to a Vote of Security Holders.
        None


Item 5. Other Information.
        None


Item 6. Exhibits and Reports of Form 8-K.


(a)
        Exhibits


31.1 302 Certification of CEO and CFO32.1 906 Certification of CEO and CFO


(b)
        Reports of Form 8-K


None.



SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, on November 14,
2005.






FUTOMIC INDUSTRIES INC.


By:
        /s/Francisco SchipperheijnFrancisco SchipperheijnPresident, Secretary and Director