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 June 30, 2005.  or  o
        Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. 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)  7627-83 AVENUE EDMONTON,  ALBERTA, CANADA T6C 1A2 (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  State the number of shares outstanding of each of the issuer's classes of
common equity, as of August 22, 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 six months ended June 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. (a development stage company) Financial Statements Table of Contents PAGEBALANCE SHEET
        F1/F2STATEMENT OF OPERATIONS AND RETAINED DEFICIT
        F3/F4STATEMENT OF COMPREHENSIVE INCOME
        F-5STATEMENT OF STOCKHOLDERS EQUITY
        F-6CASH FLOW STATEMENT
        F-7NOTES TO THE FINANCIAL STATEMENTS
        F-8                    FUTOMIC INDUSTRIES INC. And Subsidiary (a development stage company) BALANCE SHEETS As of June 30, 2005 and December 31, 2004  ASSETS  CURRENT ASSETS
        June 30,2005
        December 31,2004Cash
        $
        985
        $
        114,741TOTAL ASSETS
        $
        985
        $
        114,741FIXED ASSETSResearch equipment
        
        0
        
        3,113Furniture
        
        0
        
        3,775Computers
        
        5,280
        
        7,496Accumulated depreciation
        
        (1,296)
        
        (2,120)TOTAL PROPERTY AND EQUIPMENT
        
        3,984
        
        12,264OTHER ASSETSDeposits
        
        1,070
        
        900TOTAL ASSETS
        $
        6,039
        $
        127,905 The accompanying notes are an integral part of these financial statements. F-1        FUTOMIC INDUSTRIES INC. And Subsidiary (a development stage company) BALANCE SHEETS As of June 30, 2005 and December 31, 2004   LIABILITIES AND STOCKHOLDERS EQUITYCURRENT LIABILITIES
        
        June 30,2005
        
        December 31,2004Accounts Payable
        $
        4,410
        
        11,493Wages payable
        
        8,710
        
        21,711Shareholder loan
        
        45,590
        
        46,910TOTAL LIABILITIES
        
        58,710
        
        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::16,946,000 and 16,371,000 respectively
        
        1,695
        
        1,695Additional paid in capital
        
        383,937
        
        383,937Treasury Stock at cost, 9,331,000 shares
        
        (43,208)
        
        0Foreign currency translations adjustment
        
        (1,957)
        
        (561)Accumulated Deficit
        
        (393,138)
        
        (337,280)Total stockholders equity
        
        (52,671)
        
        (47,791)TOTAL LIABILITIES AND STOCKHOLDERS EQUITY
        $
        6,039
        $
        127,905 The accompanying notes are an integral part of these financial statements. F-2         FUTOMIC INDUSTRIES INC. And Subsidiary (a development stage company) STATEMENT OF OPERATIONS For the six months ended June 30, 2005 and 2004, and from inception (June 24, 2003) through June 30, 2005  Six Months
Ended
        Six Months
Ended
        From Inception
ThroughJune 30, 2005
        June 30, 2004
        June 30, 2005SALES
        $
        0
        $
        0
        $
        0COST OF SALES
        
        0
        
        0
        
        0GROSS PROFIT
        
        0
        
        0
        
        0GENERAL AND ADMINISTRATIVE EXPENSES
        
        52,712
        
        28,844
        
        216,544RESEARCH AND DEVELOPMENT COSTS
        
        3,152
        
        56,800
        
        176,327OPERATING INCOME (LOSS)
        
        (55,865)
        
        (85,644)
        
        (392,871)INTEREST INCOME
        
        6
        
        0
        
        55INTEREST (EXPENSE)
        
        0
        
        0
        
        (322)NET INCOME (LOSS)
        
        (55,858)
        
        (85,644)
        
        (393,138)ACCUMULATED DEFICIT, BEGINNING BALANCE
        
        (337,280)
        
        (153,520)
        
        (0)ACCUMULATED DEFICIT, ENDING BALANCE
        $
        (393,138)
        $
        (239,164)
        $
        (392,138)NET EARNINGS PER SHAREBasicNet loss per share
        $
        (.02)
        $
        (.02)Weighted AverageNumber of Common Shares Outstanding
        
        16,946,000
        
        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) STATEMENT OF OPERATIONS For the three months ended June 30, 2005 and 2004, and from inception (June 24, 2003) through June 30, 2005   Three Months
Ended
        Three Months
EndedJune  30, 2005
        June 30, 2004SALES
        $
        0
        $
        0COST OF SALES
        
        0
        
        0GROSS PROFIT
        
        0
        
        0GENERAL AND ADMINISTRATIVE EXPENSES
        
        7,036
        
        24,544RESEARCH AND DEVELOPMENT COSTS
        
        48
        
        2,322OPERATING INCOME (LOSS)
        
        (7,084)
        
        (26,866)INTEREST INCOME
        
        5
        
        0INTEREST (EXPENSE)
        
        0
        
        0NET INCOME (LOSS)
        
        (7,084)
        
        (26,866)   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 six months ended June 30, 2005 and 2004   Six  Months
June 30, 2005
        
        Six Months
June 30, 2004NET INCOME (LOSS)
        $
        (55,858)
        $
        (85,644)FOREIGN CURRENCY TRANSLATION ADJUSTMENTS
        
        (1,396)
        
        79COMPREHENSIVE INCOME
        $
        (57,254)
        $
        (85,565)   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 June 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 exchange
of stock for acquisition
of subsidiary on August
15, 2003 for $0.01 per share
on a one-for-one exchange
of 11,371,000 common shares
are as follows:Exchange for 5,000,000 shares
Adjustment to accumulated
deficit upon merger
        
        
        (4,502)
        
        4,502
        0Stock issued for the
purchase of research,
technology and applied
for patents for a
value of $0.01 per share
on July 7, 2003.
        10,000,000
        1,000
        102,582
        0
        0
        103,582Stock issued for cash
on July 3, 2003 for $0.01
per share.
        1,250,000
        125
        12,375
        
        
        12,500Stock issued for cash
on July 18, 2003 for $0.05
per share.
        121,000
        12
        6,038
        
        
        6,050Foreign currency translation
adjustment
        
        
        
        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 translation
adjustment
        
        
        
        (1,432)
        
        (1,432)Stock issued for cash
on March 15, 2004 for $0.20
per share
        75,000
        8
        14,992
        
        
        15,000Stock issued for cash
on July 15, 2004 for $0.50
per 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 translation
adjustment
        
        
        
        (1,396)
        
        (1,396)Purchase of 9,331,000 shares of Treasury Stock on January 1, 2005 with property and cash for $0.005 per share
        
        
        
        
        
        (43,208)Net loss
        
        
        
        
        (55,858)
        (55,858)Total, June 30, 2005
        16,946,000
        $ 1,695
        $ 383,937
        $ (1,957)
        $ (393,138)
        $ (52,671)  The accompanying notes are an integral part of these financial statements. F-6       FUTOMIC INDUSTRIES, INC. And Subsidiary (a development stage company) STATEMENT OF CASH FLOWS For the six months ended June 30, 2005 and 2004 and from inception (June 24, 2003) through June 30, 2005   CASH FLOWS FROM OPERATING ACTIVITIES
        Six Months Ended
June 30, 2005
        Six Months Ended
June 30, 2004
        From Inception Through
June 30, 2005Net income (loss)
        $
        (55,858)
        $
        (85,644)
        $
        (393,138)Adjustment for stock acquisition exchange
        
        0
        
        0
        
        (1,500)Research costs acquired with stock
        
        0
        
        0
        
        103,582Foreign currency translation adjustment
        
        (1,396)
        
        79
        
        (1,957)Depreciation
        
        432
        
        119
        
        2,120Increases (Decrease) in receivable  Selectrics
        
        0
        
        6,961
        
        0Increases (Decrease) in employee advance
        
        0
        
        1,690
        
        0Increases (Decrease) in deposits
        
        (170)
        
        0
        
        (1,070)Increases (Decrease) in accounts payable
        
        (7,083)
        
        40,852
        
        4,410Increases (Decrease) in wages payable
        
        (13,001)
        
        15,711
        
        8,710NET CASH PROVIDED OR (USED) IN OPERATIONS
        
        (77,076)
        
        (20,232)
        
        (278,843)CASH FLOWS FROM INVESTING ACTIVITIESCash paid for fixed assets
        
        0
        
        (1,440)
        
        (14,384)CASH FLOWS FROM FINANCING ACTIVITIESStockholder loans
        
        (1,664)
        
        7,511
        
        45,678Proceeds from issuance of common stock
        
        0
        
        15,000
        
        283,550Purchase of treasury stock
        
        (35,016)
        
        0
        
        (35,016)(36,680)
        
        22,511
        
        294,212CASH RECONCILIATIONNet increase (decrease) in cash
        
        (113,756)
        
        839
        
        985Beginning cash balance
        
        114,741
        
        741
        
        0ENDING CASH BALANCE
        $
        985
        $
        1,580
        $
        985 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.  The Subsidiary is an electronics hardware development company involved in the development of visual display
technologies.  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.  F-8         FUTOMIC INDUSTRIES INC. And Subsidiary (a development stage company) FOOTNOTES TO THE FINANCIAL STATEMENTS   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  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.  F-9        FUTOMIC INDUSTRIES INC. And Subsidiary (a development stage company) FOOTNOTES TO THE FINANCIAL STATEMENTS   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, 2004 and December 31, 2003 was $37,924 and $26,751, respectively.  On March 23, 2004, the Company entered into a purchase agreement with a stockholder.  The agreement calls 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.  The technology is referenced as A method and apparatus that causes a 2D Video game console system to generate 3D images that can be viewed on a 2D television system in a stereoscopic 3D. (the Patent)  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-10         FUTOMIC INDUSTRIES INC. And Subsidiary (a development stage company) FOOTNOTES TO THE FINANCIAL STATEMENTS   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.  During the period ending December 31, 2004 and 2003, 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 has 16,916,000 common shares  outstanding
of which 9,331,000 are held in treasury.  On June 21, 2005, the Company issued cash and other property to a
shareholder for the return of 9,331,000 shares to be held as treasury
stock for a value of 443,208 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.  F-11         FUTOMIC INDUSTRIES INC. And Subsidiary (a development stage company) FOOTNOTES TO THE FINANCIAL STATEMENTS  On March 15, 2004, the Company issued 75,000 shares of common stock
with a par value of $0.0001 and a per share value of $0.20 for a total of
$15,000.  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.  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.  F-12         FUTOMIC INDUSTRIES INC. And Subsidiary (a development stage company) FOOTNOTES TO THE FINANCIAL STATEMENTS  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.  F-13        FUTOMIC INDUSTRIES INC. And Subsidiary (a development stage company) FOOTNOTES TO THE FINANCIAL STATEMENTS  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-14         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 has two patent applications and an unfinished prototype of its three dimensional display technology. It is now the intentions of the Registrant to generate business by completing the prototype to a marketable stage and pursuing an ongoing business as a manufacturer and distributor of 3dimensional laser projector systems (`3DLp').  There is no assurance the Registrant will be successful in the completion o it's prototype nor is there any assurance the Registrant 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  June 30, 2005.  For the quarter  ended June 30, 2005 , the Company
recognized   an   accumulated   deficit  of  $392,138.   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 June 30,  2005 the  Company  had a cash  balance  of $985 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  On June 21, 2005, the Company filed an 8K based on the sale of its video
game technologies and resignation of Ken Tetterington as officer and
director of the Company. .  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 August 22,
2005.   FUTOMIC INDUSTRIES INC.  By:
        /s/Francisco SchipperheijnFrancisco SchipperheijnPresident, Secretary and Director