U.S. Securities and Exchange Commission Washington, D.C. 20549
**Form 10-KSB**
IxI ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGEACT OF 1934
for the fiscal year ended June 30, 2005
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGEACT OF 1934
For the transition period from _________________     to_____________
Commission File Number: 0-13910
**The Furia Organization, Inc.**(Name of smallbusiness issuer in its charter)
Delaware 
95-3931129 
(State or other jurisdiction of 
(I.R.S.Employer Identification No.) 
incorporation or organization)  

2233 Ridge Road, Suite 102, Rockwall, TX 75087 (Address of principalexecutive offices)
972-722-9999(Issuer's telephone number)
Securities registered under Section 12(b) of the Exchange Act:
Title of each classN/A
Name of each exchange on which registeredN/A
Securities registered under Section 12(g) of the Exchange Act:
Common Stock, par value $.001
Check whether the issuer (1) filed all reports required to be filed by Section13 or 15(d) of the Exchange Act during the past 12 months (or for such shorterperiod that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. Yes [x] No [ ] 
Check if there is no disclosure of delinquent filers in response to Item 405 ofRegulation S-B is not contained in this form, and no disclosure will becontained, to the best of registrant's knowledge, in definitive proxy orinformation statements incorporated by reference in Part III of this Form10-KSB. [ ]
State issuer's revenues for its most recent fiscal year:$548,858****   

The aggregate market value of voting and non-voting equity held bynon-affiliates of the registrant as of June 30, 2005: Common stock, $.001 parvalue: $$6,741,741
ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS
Check whether the issuer has filed all documents and reports required to befiled by Section 12, 13 or 15(d) of the Exchange Act after the distribution ofsecurities under a plan confirmed by a court. Yes [x]   No [ ]
The number of shares of the registrant's common stock outstanding as of October10, 2005: 66,882,721shares.
Documents incorporated by reference: None
Transitional Small Business Disclosure Format: Yes [  ] No[X]****   

TABLE OF CONTENTS
PART I

ITEM 1.

DESCRIPTION OF BUSINESS 
 
ITEM 2.

DESCRIPTION OF PROPERTY
 
ITEM 3.

LEGAL PROCEDINGS
 
ITEM 4.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY 
 
HOLDERS
 
PART II 
ITEM 5.

MARKET FOR COMMON EQUITY AND OTHER STOCKHOLDER 
 
MATTERS

ITEM 6

MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF 
 
OPERATIONS

ITEM 7.

FINANCIAL STATEMENTS
 
ITEM 8.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING ANDFINANCIAL DISCLOSURES
  
PART III 
ITEM 9.

DIRECTORS AND EXECUTIVE OFFICERS OF REGISTRANT
 
ITEM 10.

EXECUTIVE COMPENSATION
 
ITEM 11
.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTRELATED STOCKHOLDER MATTERS
  
ITEM 12.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
 
ITEM 13.

EXHIBITS AND REPORTS ON FORM 8-K
 
ITEM 14
.

CONTROLS AND PROCEDURES
 
ITEM 15.

PRINCIPAL ACCOUNTANT FEES AND SERVICES
  
Signatures
 
Exhibit Index

****   
**PART I**
**ITEM 1. DESCRIPTION OF BUSINESS**
**General**
The Furia Organization, Inc. ("Furia") was incorporated under thecorporate laws of the State of Delaware on June 26, 1984, originally with thecorporate name of Furia, Oringer Productions, Inc. By 1991, Furia hadtransferred, assigned and disposed of all of its former entertainmentproperties. In April 1994, Pat Fashions Industries, Inc. ("PFI"), a subsidiaryand then only operating entity of Furia, filed a Petition in Bankruptcy underChapter 11****seeking the reorganization of PFI. The Chapter 11****proceeding was subsequently converted to a Chapter 7 proceeding and PFI wasthen liquidated. Thereafter, Furia became an inactive public company shellwithout any significant assets or operations.
Furia currently offers comprehensive truck brokerage, logistics,and intermodal transportation services through its subsidiaries Fronthaul, Inc.,Loadsource Logistics, Inc., and Fronthaul Intermodal, LLC.
On August 26, 2004, Furia completed the acquisition of Fronthaul,Inc., a privately held Nevada corporation ("Fronthaul"). Furia entered into adefinitive acquisition agreement with Fronthaul and its principal shareholdersto acquire all of the capital stock of Fronthaul in exchange for the issuance ofcommon and preferred stock of Furia. As a result of the transaction, Fronthaulbecame a wholly-owned subsidiary of Furia. Fronthaul was incorporated on June 9,2004. Fronthaul is an Internet-based, business-to-business information exchange,which provides a centralized database of freight load information accessible byany enabled wireless device or through the Internet. Its objective is tointegrate the existing freight industry players with wireless and Internettechnologies, creating a dynamic real-time communication exchange for thetransportation industry. At the closing, an aggregate of 20,000,000 shares ofFuria's Common Stock and 500,000 shares of its Preferred Stock were authorizedfor issuance to the shareholders of Fronthaul. The Common Stock issued to theshareholders of Fronthaul represented 69.6% of the 28,742,842 shares of its thenoutstanding post-closing Common Stock. The Preferred Stock issued to theFronthaul shareholders is convertible, at the option of the holders, into sharesof Furia's Common Stock at the rate of 100 shares of Common Stock for each shareof Preferred Stock.  Such right of conversion is based upon the followingformula:

1)

Upon Furia achieving revenues of $250,000 within twelve (12)months from the date of acquisition, an aggregate of 25% of the Preferred Stockmay be converted;
  
2)

Upon Furia achieving revenues of $500,000 within twelve (12)months from the date of acquisition, an aggregate of 50% of the Preferred Stockmay be converted; and
  
3)

Upon Furia achieving revenues of $750,000 within twelve (12)months from the date of acquisition, an aggregate of 100% of the Preferred Stockmay be converted.
 

On the one year anniversary from the date of acquisition("Anniversary Date"), should Furia fail to achieve any or all of the revenuethresholds, Furia shall redeem the unconverted Preferred Stock at a price of$.50 per share. Should Furia fail to redeem any or all of the unconvertedPreferred Stock within 30 days from the Anniversary Date, then the shareholder,without regard to the revenue requirements set forth above may, at any timethereafter, convert the Preferred Stock to Common Stock as describedabove.
On September 1, 2004, Furia completed the acquisition ofLoadsource, Inc., a privately held Tennessee corporation ("Loadsource"). Furiaentered into a definitive acquisition agreement with Loadsource and itsprincipal shareholders to acquire all of the capital stock of Loadsource. Furiaentered into agreements with the shareholders of Loadsource to acquire all ofthe issued and outstanding capital shares of Loadsource for the aggregate sum of$311, 580. The capital shares of Loadsource have been transferred to Furia andthe transaction to become consummated at the completion of financing or asuitable conclusion for all parties.
**Services Provided**
Furia's transportation services can be broadly placed into thefollowing categories:
*Truck Brokerage (Highway Services).*Through its Fronthaulsubsidiary, Furia matches drivers and truck loads together. Shippers/brokersaccess the load board and input the appropriate data for their loads. Driversaccess the loads via any wireless device or call Fronthaul's call center. Thisprogram incorporates a unique driver/shipper feedback system very similar toeBay that can be connected to any database. Fronthaul collects a flat rate feefor the service. More than 600 drivers currently participate in this program.Drivers are motivated to utilize the service as it also provides them with theopportunity to gain residual income through the unique network-marketingcomponent of Fronthaul's brokerage service. (Approximately 20% of total salesrevenues).
*Logistics.*Loadsource is a motor carrier. Loadsource movesits contracted shipper's loads with leased trucks and trailers driven by drivershired by Loadsource. More than 280 trucks and 420+ trailers are part ofLoadsource's leased fleet. Furia's contracted shippers include Coors BrewingCompany and Swift & Company (approximately 80% of total sales revenue). Thiscomponent of Furia interfaces seamlessly with Fronthaul as the drivers arerecruited from the Fronthaul database, and Fronthaul's load matching servicefacilitates the probability that the Loadsource trucks are full on their returntrips.
*Intermodal.* Furia is engaged in providing Intermodaltransportation services to its customers, a Freight Forwarder business. Forexample Furia utilizes Intermodal services to move freight from the Coorsbrewery to the rail, by rail to the destination city, and the local distributor.As no driver or tractor is needed to move these loads, Intermodal services arecost effective. Intermodal services also access air and ship cargo to meet thespecific needs of our clients.
Furia, through its wholly-owned subsidiaries, has developed aload matching service for the transportation freight industry.  Furia uses itsclient base of drivers to move its loads derived from brokers and shippers.Furia's load matching services enable its customers to focus their energies onmanufacturing while Furia efficiently handles their shipping needs. 
Fronthaul is establishing a database of freight loads in amendedformation. Fronthaul is populating its database with existing freight portals,shippers, logistic professionals, freight brokers and truckers.
Load matching is beneficial to truckers in that theycan:

•     

maximize loaded miles;

•     

reduce layover time;

•     

increase client bases;

•     

and optimize their resources.

•     
Load matching is beneficial to the shippers in that theycan:

•     

Batch uploads

•     

Post shipments for free;

•     

Reduce call time;

•     

Increase productivity; and

•     

Broaden their carrier base.

•     
Fronthaul has developed two approaches to match shippers andtruckers, Portal Exchange and Direct Shipper Usage.
The Portal Exchange model operates as follows:

•     

Freight portals list loads available on the Fronthaul exchangethrough automated interfaces;
 
•     

The Fronthaul exchange service will match tendered loads withstored truckers requests, automatically sending a message to matchingtruckers;
 
•     

Interested truckers will then commit to the desired loads throughtheir mobile phone, PDA or through the Internet;
 
•     

Load confirmations will then be sent to originating freightportal or shipper as well as the trucker; and
 
•     

Ongoing load communications will then be handled directly betweenthe trucker and shipper.
 

The Direct Shipper Usage model operates as follows:

•     

Shippers enter load information directly into Fronthaul'sdatabase; and
 
•     

loads will then be automatically matched, messages sent and loadsregistered.
 

Fronthaul charges the shipper a flat rate per mile for all loadsshipped utilizing its load matching services.
Fronthaul believes that its business model can only be successfulif the truck drivers are motivated to participate.
In order to secure the truck drivers' participation, Fronthaulprovides them with the opportunity to enhance their income in twoways:

•     

increased number of quality loads; and
 
•     

residual income through network marketing of Fronthaul' s loadmatching service.
 

In addition, Fronthaul provides truckers (a) training for newmembers and sponsors, (b) bonuses for individuals who perform above the standardcriteria, and (c) discounts on items such as fuel, healthcare and lifeinsurance.
Fronthaul expects that shippers will benefit from its matchingservices by reducing shipping costs. Utilizing Fronthaul load matching servicewill provide shippers with an easy-to- use interface and access to the nationaltruck driver pool. As a result, shippers have access to more cost effectivetransportation options and availability.
Fronthaul has also created a driver rating system so thatshippers can evaluate and utilize the best truck drivers available.
Once a truck driver and a shipper are matched utilizingFronthaul's matching service, rates are typically negotiated between the shipperand the trucker and are based on the type of freight to be hauled, the length ofthe haul, the area of delivery and other unique aspects of the load.
**Marketing and Customers**
Furia's system of services is designed to address the problemthat at any given time approximately 50% of trucks on the road are empty.Furia's combination of brokerage, logistics, and Intermodal services can reducethis inefficient aspect of the transportation freight industry. The advantagesthat Furia brings to its customers are its de-facto Internet portal forIntermodal, land, air, and sea freight load information that is accessiblethrough any wireless device, and the Fronthaul referral based marketing programthat has not previously been done commercially in the transportation freightindustry.
Key aspects that contribute to Furia's business are itsDriver/Shipper Feedback System, reasonable fees, and exemplary customer service.Furia pays its drivers well and seeks to create a community of satisfied driversmaking residual income.
**Risk Management and Insurance**
To cover freight loss or damage when a carrier's liability cannotbe established or a carrier's insurance is insufficient to cover the claim,Furia carries its own**cargo insurance with a limit of $100,000 percontainer or trailer and a limit of**$1,000,005 in the aggregate.
**Government Regulation**
Furia is licensed by the U.S. Department of**Transportationas a broker in arranging for the transportation *of*general commodities bymotor vehicle. To the extent that it performs truck brokerage services, Furiadoes so under these licenses. The Department of**Transportation prescribesqualifications for acting in this capacity, including a $10,000 surety bond thatFuria has posted through its subsidiary Fronthaul Inc. To date, compliance withthese regulations has not had a material adverse effect on**its resultsof**operations or financial condition of**Furia. However, thetransportation industry is subject to legislative or regulatory changes that canaffect the economics of**the industry by requiring changes in operatingpractices or influencing the demand for, and cost of**providing,transportation services.
**Competition**
The transportation services industry is highly competitive. Furiacompetes against other IMCs, logistics companies, third party brokers, truckingcompanies and railroads that market their own**Intermodal services.Competition is based primarily on**freight rates, quality of**service, reliability, transit time and scope of**operations. Severaltransportation service companies and trucking companies, and all of**themajor railroads, have substantially greater financial and other resources thanFuria does.
**Employees**
As of June 30, 2005, Furia had five full-time employees. Furia'smanagement team includes persons with proven success in the internet andtransportation industries. Furia is not a party to any collective bargainingagreement and considers its relationship with its employees to besatisfactory.
**Periodic Reports**
Upon written request, our annual report to the U.S. Securitiesand Exchange Commission on Form 10-KSB for the fiscal year ended June 30, 2005,and its subsequent quarterly reports on Form lO-QSB will be furnished to thestockholders of Furia free of charge by writing to: The Furia Organization,Inc., 2233 Ridge Road, Suite 102, Rockwall, TX 75087.
**Marketing and Customers**
Furia is the only known referral based marketing transportationlogistics Brokerage Company and currently has over 600 driver members. Furiaexpects to grow its business specifically in the areas of distribution offlatbed, dry van and refrigerated loads.
Furia believes that fostering long-term customer relationships iscritical to our success. Through these long-term relationships, Furia is able tobetter understand its customers' needs and tailor its transportation services tothe specific customer, regardless of the customer's size or volume. 
Furia services customers in a wide variety of industries,including beer, meat, consumer products, retail, paper products, manufacturedproducts, automotive parts and electronic equipment.
**Management Information Systems**
A primary component of our business strategy is the continuedimprovement of our Network Management System and other technology to enableFuria to become a leader among transportation providers in informationprocessing for transportation services. Our Network Management System consistsof Our Network Management System consists of internal and external server farmsto handle virtually any amount of data and transaction sets.
**ITEM 2. DESCRIPTION OF PROPERTY**
Furia leases its principal executive offices, which are locatedat 2233 Ridge Road, Suite 102, Rockwall, TX 75087. The offices are comprised ofapproximately 2,600 square feet which is adequate for the current operations ofFuria.  The lease is for a term of 6 months., expiring in March, 2006, with amonthly rent of $ 3,733.
**ITEM 3. LEGAL PROCEEDINGS**
None
**ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS**
None
**PART II**
**ITEM 5. MARKET FOR COMMON EQUITY AND OTHER SHAREHOLDERMATTERS**
Furia is authorized to issue 200,000,000 shares of Common Stock,$.001 par value per share. At June 30, 2005, there were 46,222,721 shares ofCommon Stock issued and outstanding that were held by 779 stockholders ofrecord. 
The Common Stock of Furia is traded on the NASD ElectronicBulletin Board over-the -counter market (OTC-BB), and is quoted under the symbol"FURA".
Common Stock
Holders of Common Stock are entitled to one vote for each shareheld on all matters voted upon by the stockholders, including the election ofdirectors. The holders of Common Stock have no preemptive rights to purchase orsubscribe for any stock of Furia now or hereafter authorized or for securitiesconvertible into such stock. All of the outstanding shares of Common Stock arefully paid and non-assessable. Upon any liquidation of Furia, the holders ofCommon Stock are entitled to share ratably in assets available for distributionto such stockholders. Holders of Common Stock are entitled to receive dividendsout of assets legally available therefore at such times and in such amounts asthe Board of Directors may from time to time determine.
Shareholders are not entitled to cumulative voting rights, andaccordingly, the holders of a majority of the voting power of the shares votingfor the election of directors can elect the entire class of directors to beelected each year if they choose to do so and, in that event, the holders of theremaining shares will not be able to elect any person as a director of suchclass.
Preferred Stock
       Furia's Certificate ofIncorporation authorizes the issuance of 5,000,000 shares of preferred stock,$.001 par value.
       Furia has issued500,000 shares of its convertible preferred stock in connection with theacquisition of Fronthaul Inc. in August 2004. Each outstanding share ofpreferred stock is convertible into 100 shares of the Common Stock of Furia, foran aggregate of 50,000,000 shares of Common Stock.
Dividend Restrictions
The terms of future instruments governing the future indebtednessof Furia may contain restrictions on the payment of dividends and the making ofdistributions on its capital stock (other than stock dividends) and the purchaseor redemption of outstanding capital stock of Furia. By reason of theserestrictions, Furia may be unable to pay dividends on its Common Stock for someperiod in the future, which cannot presently be estimated.
Furia has not declared or paid any dividends on its Common Stockand presently does not presently expect to declare or pay any such dividends theforeseeable future. Furia has not yet formulated a future dividend policy in theevent restrictions on its ability to pay dividends are created.
Transfer Agent and Registrar
The transfer agent and registrar of Furia is Integrity StockTransfer, 2920 N. Green Valley Parkway, Building 5, Suite 527, Las Vegas, NV89014; telephone 1.877.317.7757.
Market Price
The following table sets forth the range of high and low closingbid prices per share of the Common Stock of Furia (trading symbol FURA) for theperiods indicated (reflecting inter-dealer prices without retail mark-up,mark-down or commission and may not represent actual transactions) on the NASDElectronic Bulletin Board over-the-counter market.
    
High Closing 
Low Closing     
BidPrices 
BidPrices
Year Ended December31,
2004
    
1st Quarter   
$
None
$
None
2nd Quarter   
$
None
$
None
3rd Quarter   
$
None
$
None
4th Quarter   
$
None
$
None
  Year Ending December31,2005

1st Quarter   
$
None
$
None
2nd Quarter   
$
.60
$
.27
3rd Quarter 
$
.29
$
.11

While the trading price of Furia's Common Stock is below $5.00per share, the Common Stock is considered to be "penny stocks" that are subjectto rules promulgated by the Securities and Exchange Commission (Rule 15-1through 15g-9) under the Securities Exchange Act of 1934. These rules imposesignificant requirements on brokers under these circumstances, including: (a)delivering to customers the Commission's standardized risk disclosure document;(b) providing customers with current bid and ask prices; (c) disclosing tocustomers the broker-dealer's and sales representatives' compensation; and (d)providing to customers monthly account statements.
Stock Option, SAR and Stock Bonus Plan
Effective August 16, 2005, Furia adopted and approved its 2005Incentive Stock Plan (the "Plan"), which reserved 10,000,000 shares of itsCommon Stock for issuance under the Plan. The Plan allows us to issue awards ofincentive and non-qualified stock options, stock appreciation rights, and stockbonuses to consultants of Furia, which may be subject to restrictions.
Sale of Unregistered Securities
On May 5, 2005, Furia issued a total of 798,750 shares ofrestricted common stock to the following persons:

Name

No. of Shares
  
Dan Traxler

75,000 
Bryan Hawkins

90,000 
Terry Carrow

18,750 
Marty Reneau

37,500 
John B Enriquez

37,500 
Kathy Robinson

37,500 
Lane Barton

75,000 
Ruben Duron

15,000 
Shawn Duron

 7,500 
Marcus Duron

15,000 
Marciano Duron

22,500 
Rene Duron

15,000 
Christina Duron

 7,500 
Joseph Emond

37,500 
Kent Phillips

75,000 
Olan Woodard Jr

37,500 
Ralph W Hites

37.500 
Micheal F Phillips

150,000 
David Hawkins

 7,500 
Kevin Carmona

 7,500 
Daniel Pedroza

 7,500 
Joe Piazza

22,500 

On May 14, 2005, Furia issued a total of75,000 shares of restricted common stock to the followingpersons:

Name

No. of Shares
  
Michael Wayne Reynolds

37,500
 
James P Gee

37,500
 

On May 30, 2005, Furia issued a total of37,500 shares of restricted common stock to the followingpersons:

Name

No. of Shares
  
Kelsey E Cranford

18,750
 
Callie R Cranford

18,750
 

On June 3, 2005, Furia issued a total of606,900 shares of restricted common stock to the followingpersons:

Name

No. of Shares
  
Aaron Singer

15,000 
Billy Seiler

37,500 
Adolfo Perez

21,000 
John B Enriquez

 7,500 
James P. Gee

50,000 
Stewart Buckalew

 7,500 
Tamara Templeton

11,250 
Mike Hammer

200,000 
Tim Ludwig

52,500 
Malcolm Coffee

18,750 
Bryan Hawkins

100,000 
John Gonzales

 7,500 
Greg Aslinger

10,000 
Morris Duree

45,000 
Dana Duree

15,000 
Greg Fruss

   900 
Casey Knoble

 7,500 

On June 6, 2005, Furia issued a total of104,000 shares of restricted common stock to the followingpersons:

Name

No. of Shares
  
Greg Aslinger

65,000 
Eddy Knapp

       975,000 

On June 13, 2005, Furia issued a total of 90,000 shares ofrestricted common stock to Juan Fernandez.
On June 16, 2005, Furia issued a total of 200,000 shares ofrestricted common stock to M. N. Osborne.
**ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OFOPERATIONS**
The following discussion of Furia's financial condition andresults of operations should be read in connection with Furia's consolidatedfinancial statements and notes thereto appearing elsewhere in this annualreport. This discussion contains statements reflecting the opinions ofmanagement as well as forward-looking statements regarding the market and Furiathat involve risks and uncertainties. These statements relate to expectationsand concern matters that are not historical facts. Words such as "believes","expects", "anticipates" and similar expressions used throughout this documentindicate that forward-looking statements are being made.
Although management of Furia believes that the expectations andopinions reflected in its forward-looking statements are reasonable, thesestatements are not guarantees of future performance. They are subject to risks,uncertainties and other factors that could cause actual performance to differmaterially from projected results. Factors that could cause or contribute todifferences between actual and projected results include, but are not limitedto, the current lack of sufficient funding needed for working capital, debtrepayment and capital investment, failure to attract management and staff, theinability to grow membership subscriptions, inability to launch additionalservices. Additional risk factors are disclosed elsewhere in this annualreport.****   
       Historically, Furia hasused the sale of its Common Stock, capital contributions and loans from variousstockholders to fund its operations.
There are no assurances that Furia will be able to obtain aprofitable level of operations.
Year Ended June 30, 2005 Compared to 2004
The following table sets forth certain comparative operatinginformation regarding Furia:
 
Year Ended June 30,  
2005 
2004
Sales

$

548,858
$

0
Cost of Goods Sold,
    net of depreciation
 
115,293 
0
Gross Profit
 
433,565 
0
Operating Expenses
    
    Selling, general and administrative
 
1,319,536 
0
    Depreciation
 
25,533 
0
Total Operating Expenses
 
1,345,069 
0
(Loss) from Operations
 
( 911,504) 
0
Net (loss)
 
(545,786) 
0
Basic Earning (loss) per Share 

$

(.015) 
0
REVENUES
Total revenues for fiscal years 2005 and 2004 were $146,125 and$0, respectively, as the operations of Furia were inactive during fiscal2004.
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
General and administrative expenses increased from $0 in fiscalyear 2004 to $ 1,319,536 in the fiscal year ended June 30, 2005.  This increaseis principally attributable to the acquisition of several trucking operationsduring the fiscal year ended June 30, 2005 compared to no significant operationsin the fiscal year ended June 30, 2004.
NET LOSS
       The net loss of theCompany increased to $(545,786) during the fiscal year ended June 30, 2005, ascompared with a loss of $(0) during the fiscal year ended June 30, 2004. Thisincrease is principally attributable to the acquisition of several truckingoperations during the fiscal year ended June 30, 2005. 
CAPITAL RESOURCES
Furia's capital resources were provided primarily by the privateplacement sale of its Common Stock. The net proceeds of these sales were$___________ in cash during the fiscal year ended June 30, 2005.
The ability of Furia to satisfy its obligations will depend inpart upon its ability to successfully complete the offer and sale of additionalshares of its Common Stock and in part upon its ability to reach a profitablelevel of operations.
PLAN OF OPERATIONS
       Because of the costs ofdevelopment of its truck hauling systems, Furia expects that it will incur aloss during its fiscal year ending June 30, 2006.
       Furia believes thatadditional equity capital will be required to accomplish its plan of operationsduring the next 12 months. As a result, Furia intends to sell its Common Stockto further capitalize Furia, and may also borrow from banks and others to theextent necessary to provide liquidity for its operations, although noarrangements for any borrowings have been made.
Furia has maintained and conducted its development activities andincurred associated costs consistent with its plan of operations in order todevelop its trucking services business. Furia expects to incur losses in thefurther development of its business operations.
UNCERTAINTIES:
GOING CONCERN
The financial statements are presented on the basis that Furia isa going concern, which contemplates the realization of assets and thesatisfaction of liabilities in the normal course of business over a reasonablelength of time.
Management believes that current plans to expand Furia'soperations and a combination of its financing and capital raising plans willprovide sufficient working capital to allow Furia to continue as a goingconcern.
COSTS OF CONDUCTING BUSINESS
Furia will be required to incur substantial costs for furtherdevelopment and expansion of its business, for establishing additional marketingfor its operations and services, and related costs. A substantial portion ofthose costs must be paid whether or not any of its business plan proves to becommercially successful on a broad scale. The ability to generate a profitdepends, among other factors, on the amount of equipment leasing and acquisitioncosts incurred, the amount of revenues from the hauling operations and servicesof Furia, and its operating costs.
COMPETITION
The trucking business is highly competitive. Companies in theindustry have substantially greater financial, marketing, and technicalresources than Furia. Further, the entry into this industry does not necessarilyrequire a large capital expenditure and, accordingly, it can be expected thatadditional competitors may enter the industry in the future. It may beparticularly difficult for a relatively small independent company to competewith larger companies, which have significantly greater resources. Furia may notbe able to successfully compete if such an environment develops.
CONTRACTS.
There can be no assurance that Furia Company will be able toobtain sufficient and suitable contracts to successfully complete its businessplan.
FLUCTUATIONS IN OPERATING RESULTS
Furia's revenues and results of operations may vary significantlyin the future. Furia's revenues and results of operations are difficult toforecast and could be adversely affected by many factors, some of which areoutside the control of Furia, including, among others, the expected relativelylong sales and implementation cycles for Furia's operations; the size and timingof individual license transactions and joint venture arrangements; seasonalityof revenues; changes in Furia's operating expenses; timing of introduction orenhancement of its systems by Furia or its competitors; technological changes intechnology; personnel changes and difficulties in attracting and retainingqualified drivers, sales, marketing, technical and consulting personnel; changesin customers' budgeting cycles; quality control of services sold; and economicconditions generally and in specific industry segments, particularly thetrucking industry.
There can be no assurance that Furia's services will achievebroad market acceptance or that Furia will be successful in marketing itsservices or enhancements thereto. In the event that Furia's current or futurecompetitors release new services that have more advanced features, offer betterperformance or are more price competitive than Furia's services, demand forFuria's services would decline. A decline in demand for, or market acceptanceof, Furia's services or other products as a result of competition, technologicalchange, or other factors would have material adverse effects on Furia'sbusiness, financial condition and results of operations.
SEASONALITY
Furia does not expect to experience material seasonal variationsin revenues or operating costs, except that the winter season can be expected tocause some disruption in the operations of Furia due to bad weather.
**ITEM 7. FINANCIAL STATEMENTS**
The financial statements of Furia for its fiscal year ended June30, 2005, are provided with this Form 10-KSB annual report.
**ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ONACCOUNTING AND FINANCIAL DISCLOSURE**
Harvey Weingard, C.P.A., the previous independent registeredaccounting firm of Furia for the fiscal years ended June 30, 2004 and 2003,resigned from further audit services to Furia because the firm was notregistered with the Public Company Accounting Oversight Board, as required bythe Sarbanes-Oxley Act of 2002, as amended. There have been no disagreementsregarding accounting and financial disclosure matters with this formerindependent certified public accountant of Furia.
Effective March 16, 2005, Lawrence Scharfman & Co., C.P.A.,P.C., located at 9608 Honey Bell Circle, Boynton Beach, FL 33427 was engaged bythe Furia to audit the consolidated financial statements of Furia for its fiscalyears ended June 30, 2003 2004, and 2005, and the related statements of income,stockholders' equity, and cash flows for the years thenended.
**PART III**
**ITEM 9. DIRECTORS AND EXECUTIVE OFFICERS**
Directors and Officers. The following table sets forth certaininformation regarding the only executive officer and director of Furia. Allofficers serve at the pleasure of the Board of Directors. Directors serve untilthe election and qualification of their successors.

Name

Age

Positions Held
  
Michael D. Alexander

37

Chairman of the Board, Chief Executive
  
Officer, President, and Director

Mr. Alexander became the Chief Executive Officer, President, anda director of Furia on August 26, 2004. From June 2004 to the present, Mr.Alexander has been the President of Fronthaul, Inc., a wholly owned subsidiaryof Furia that was acquired by Furia during August 2004. Mr. Alexander is alsothe Managing Member of Loadsource Logistics, L.L.C. and Fronthaul Intermodal,L.L.C., wholly owned subsidiaries of Furia. From September 2003 to June 1, 2004,Mr. Alexander was a process analyst for Citigroup. From August 2000 to September2003, he was a computer consultant with Cyber Communications. 
**ITEM 10. EXECUTIVE COMPENSATION**
The following table discloses compensation during the three yearsended June 30, 2005, for the Chief Executive Officer of Furia.
  
Annual Compensation
Long-Term Compensation      
Awards
Payouts 
_____________________

_____

______

_________

__________

_______________________
__________
_________
               
Securities
  
Name and
   
Other
 
Underlying
  
Principal

Fiscal
  
Annual

Restricted

Options/

LTIP

All other

Position

Year

Salary

Bonus

Compensation

Stock Awards

SARS

Payout

Compensation
                 
Michael D.  Alexander,

2005

$150,000

$     0
$     0
$     0
$     0
$     0
$     0
Chief Executive Officer
        
and Director
         
_____

________

_________
__________
___________
_________
__________
_________
Michael Knapp, former

2005

$130,000
$     0
$     0
$     0
$     0
$     0
$     0
President
          
             
Waylon McMullen,

2005

       $0
$  0
$  0
$  0
$  0
$  0
$  0
former Chief Executive

2004

$  0
       $0
$  0
$  0
$  0
  $  0
$  0
Officer and President
        
_____________________

_____
______
_________
__________
___________
______
__________
_________         

STOCK COMPENSATION PLAN
Furia adopted the 2005 Stock Option, SAR, and Stock BonusConsultant Plan (the "Plan") to be effective August 16, 2005, which authorizedFuria to grant qualified and non-qualified stock options with or without stockappreciation rights to consultants (the "Participants")of Furia. There were10,000,000 shares of Common Stock of Furia authorized for grant to Participantsdesignated by the Committee under the Plan. When shares are issued pursuant tothe Plan, they can be sold in the public market upon issuance. Directors,officers and employees of Furia are not eligible to participate in thePlan.
STOCK PLAN COMMITTEE
A Stock Plan Committee of the Board of Directors administersFuria's 2005 Stock Option, SAR and Stock Bonus Consultant Plan. Mr. Michael D.Alexander is presently the only member of the Committee.
OTHER COMMITTEES
Furia does not have an audit committee, compensation committee,nominating committee, an executive committee of the Board of Directors, or anyother committees. However, the Board of Directors may establish variouscommittees in the future.
BENEFIT PLANS
Furia does not have any pension plan, profit sharing plan, orsimilar plans for the benefit of its officers, directors or employees. However,Furia may establish such plans in the future.
**Compliance with Section l6(a) of the Securities ExchangeAct**
Section 16(a) of the Exchange Act requires Furia's executiveofficers and directors, and persons who beneficially own more than ten percent(10%) of its equity securities, to file reports of ownership and changes inownership with the U.S. Securities and Exchange Commission. Officers, directorsand greater than ten percent shareholders are required by SEC regulation tofurnish Furia with copies of all Section l6(a) forms they file.
Based on its review of the copies of such forms received by it,Furia believes that during the year ended June 30, 2005, all such filingrequirements applicable to its officers, directors and 10% owners of its CommonStock were complied with, except that Michael D. Alexander ahs not timely filedhis Form 3 beneficial ownership report nor his Schedule 13D report.
INDEMNIFICATION OF DIRECTORS AND OFFICERS
       Furia is a Delawarecorporation. Title 8, Chapter 1, Section 145 of the Delaware Corporation Lawprovides authority for broad indemnification of officers, directors, employeesand agents of a corporation, with certain specified exceptions.
       Article VII, Section 7of the By-Laws of Furia provides that Furia shall indemnify its directors,officers, employees and agents to the extent permitted by the Delaware GeneralCorporation Law.
       At the present time,Furia does not have any officer-director liability insurance although permittedby Delaware law. Furia does not have any indemnification agreement with any ofits directors, officers, employees or agents except for Michael D. Alexander,the Chief Executive of Furia whose employment agreement provides forindemnification by Furia.
Employment Agreement
       The Company enteredinto an employment with Michael D. Alexander, the Chief Executive Officer ofFuria that provides for a salary of $150,000 per year and a bonus of 20% to 50%per year as determined by the Board of Directors based upon the performance ofFuria, and use of a vehicle. The agreement also provides that the number ofshares of Common Stock of Furia shall never be less than sixty percent (60%) ofthe total issued and outstanding Common Stock at any time. The agreement alsoprovides for his indemnification against any and all claims and demands,including court costs and reasonable attorneys' fees that may arise out of hisservices to Furia. The agreement is cancelable by Furia upon 60 days writtennotice.
**ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT**
The following table sets forth certain information concerning thebeneficial ownership of Furia's shares of Common Stock held by directors andofficers of Furia, and by each person known to Furia to be a beneficial owner offive percent (5%) or more of its outstanding Common Stock as of June 30,2005.

Name and Address of 

Number of

Percent of Class (1)
 
Beneficial Owner

   Shares
  
Michael D. Alexander

75,154,780 (1)

       78.1%
 
2233 Ridge Road, Suite 102

Rockwall, Texas 75087
 
All directors and officers as

75,154,780 (1)

       78.1%
 
a group (one person)

**------------------**
(1) Includes 50,000,000 shares of common stock that Mr. Alexanderhas the right to acquire under the terms of the purchase agreement between Furiaand Fronthaul, Inc.
**ITEM 12. CERTAIN RELATIONSHIPS AND RELATEDTRANSACTIONS**
****   
       On August 26, 2004, Furia acquired100% of the issued and outstanding, from Michael D. Alexander, the currectdirector and Chief Executive Officer of Furia.  As consideration for thisacquisition, Furia issued 20,000,000 shares of its Common Stock and 500,000shares of its convertible Preferred Stock.
       During March 2005, Furia issued5,154,780 restricted shares of its Common Stock to Michael  D. Alexander, thedirector and Chief Executive Officer of Furia, consistent with the terms of hisemployment agreement with Furia which provides that his stock ownership of Furiawil not be less than 60% of the total issued and outstanding Common Stock ofFuria.
**ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K**

(a) 

Reports on Form 8-K
  
1.     

Furia filed a Form 8-K current report (Item 5.02) on June 16,2005, concerning Mr. Michael Knapp who is no longer an officer ofFuria.
 
2.

Furia filed a Form 8-K current report on (Item 1.01) on October5, 2005, concerning a material definitive agreement regarding the leasing oftrucks and trailers.
  
       
  
(b)

Exhibits
 
ExhibitNumber

Description of Exhibit
  
3.1

The Certificate of Incorporation of Furia is incorporated hereinby reference to Exhibit 3(A) to the Form 10 registration statement of Furiaeffective May 14, 1985 (File No. 2-94266).
  
3.2

A Certificate of Amendment to the Certificate of Incorporation isincorporated herein by reference to Exhibit 3.2 to the Form 10-KSB annual reportof Furia for its fiscal year ended June 30, 1997.
  
3.3

A Certificate of Amendment to the Articles of Incorporation datedAugust 19, 2004, is incorporated herein by reference to Exhibit 3.3 to Furia'sForm 10-QSB/A quarterly report for the period ended September 30, 2004, filed onApril 14, 2005.
 
3.4

Bylaws are incorporated herein by reference to Exhibit 3(b) tothe Form 10 registration statement of Furia effective May 14, 1985 (File No.2-94266).
 
10.

Material Contracts
  
10.1

Contract between Michael D. Alexander and The Furia Organization,Inc. dated August 28, 2004, is incorporated herein by reference to Exhibit 10.1to Furia's Form 10-QSB quarterly report for the period ended March 31,2005.
  
10.2

Stock Purchase Agreement for the acquisition of Fronthaul, Inc.dated August 26, 2004, is incorporated herein by reference to Exhibit 10.1 tothe Form 8-K current report (Item 2.01) of Furia filed on September 1,2004.
  
10.3

Stock Purchase Agreement for the acquisition of Loadsource, Inc.,dated September 1, 2004, is incorporated herein by reference to Exhibit 10.1 toFuria's Form 10-QSB/A quarterly report for the period ended September 30, 2004,filed on April 5, 2005.
  
10.4

Independent Contractor Agreement dated August 28, 2004, withMichael Alexander is hereby incorporated herein by reference to Exhibit 10.1 tothe Form 10-QSB quarterly report of Furia for the period ended March 31,2005.
  
10.5

2005 Stock Option, SAR and Stock Bonus Consultant Plan is herebyincorporated herein by reference to Exhibit 10.1 to the Form S-8 registrationstatement of Furia (SEC File No. 333-127789) filed on August 23,2005.
  
10.6     Motor Carrier Carriage Contractbetween Coors Brewing Company and Loadsource Logistics, L.L.C. dated May 26,2005.
 
10.7     Motor Carrier TransportationAgreement between Swift & Company, Inc. and Loadsource Logistics,L.L.C.
 
10.8

Master Vehicle Lease Agreement with Central States Leasing, Inc.effective September 28, 2005, is incorporated hereby reference to Exhibit 10.1to the Form 8-K current report of Furia filed on October 5, 2005.
  
16.1

Letter on change in certifying accountant from Harvey Weingard,C.P.A. to Lawrence Scharfman & Co., C.P.A., P.C. is incorporated herein byreference to Exhibit 16 to the Form 8-K current report of Furia filed on March17, 2005.
  
23.1

Subsidiaries of Furia
****   
**ITEM 14.  CONTROLS AND PROCEDURES**
Evaluation of Disclosure Controls and Procedures. Furia'sChief Executive Officer and principal financial officer, after evaluating theeffectiveness of Furia's disclosure controls and procedures (as defined in theSecurities Exchange Act of 1934 Rule 13a-14(c)and 15d-14(c) as of a date within90 days of the filing date of this report on Form 10-KSB for its fiscal yearended June 30, 2005, concluded that as of Evaluation Date, Furia's disclosurecontrols and procedures were adequate and effective to ensure that materialinformation relating to Furia and Furia's consolidated subsidiaries would bemade known to him by others within those entities, particularly during theperiod in which this annual report on Form 10-KSB was being prepared.
Changes in Internal Controls. There were no significantchanges in Furia's internal controls or in other factors that couldsignificantly affect Furia's disclosure controls and procedures subsequent tothe Evaluation Date, nor any significant deficiencies or material weaknesses insuch disclosure controls and procedures requiring corrective actions. As aresult, no corrective actions were taken.
**ITEM 15.  PRINCIPAL ACCOUNTANT FEES AND SERVICES**
Fees paid to principal independent public accounting firms ofFuria are as follows:
  
Audit
Tax
All
_____________________________

Audit Fees

RelatedFees
Fees
OtherFees

Lawrence Scharfman, &Co.,C.P.A.,P.C.for fiscal yearendedJune 30,2005

$55,000

$       0

$   0 

$     0
     
Lawrence Scharfman, &Co.,C.P.A.,P.C.for fiscal yearendedJune 30,2004

$     0

$       0

$   0

$     0
     
Harvey Weingard,C.P.A.for fiscal yearendedJune 30,2004

$13,650

$       0

$   0

$     0
     
****   

***Lawrence Scharfman & Co., CPAP.C.******Certified PublicAccountants***
18 E. SUNRISE HIGWAY, # 203                                                                                           9608HONEY BELL CIRCLEFREEPORT, NY 11520                                                                                                          BOYNTONBEACH, FL 33437TELEPHONE: (516) 771-5900                                                                                                   TELEPHONE:(561) 733~0296FACSIMILE: (516)771-2598                                                                                                       FACSIMILE:(561) 740-0613
Mr. Michael AlexanderThe Furia Organization, Inc.2233 Ridge Road,  Suite#102 Rockwall, TX., 75087
*Report of Independent Registered Public Accounting Firm.*
We have audited the accompanying consolidated balance sheet of the FuriaOrganization, Inc., the ("Company") as of June 30, 2005 and 2004, and therelated statements of operations, stockholders' equity, and cash flows for thetwo years then ended.   These financial statements are the responsibility of theCompany's management.  Our responsibility is to express an opinion on thesefinancial statements based on our audits.
We conducted our ,audits in accordance with the standards of the Public CompanyAccounting Oversight Board ( United States). Those standards require that weplan and perform the audit to obtain reasonable assurance about whether thefinancial statements are free of material misstatements.  An audit includesexamining, on a test basis, evidence Supporting the amounts and disclosures inthe financial statements. An audit also includes assessing the accountingprinciples used and significant estimates made by management, as well asevaluating the overall financial statement presentation. We believe that ouraudits provide a reasonable basis for our opinion.
In our opinion, the Consolidated financial statements referred to above presentfairly, in all material respects , the financial position of the Company and itssubsidiaries at June 30, 2005 and 2004, and the results of their operations andits cash, flows for the years then ended in conformity with U. S. generallyaccepted accounting principles.
/s/Lawrence Scharfman C.P.A.Lawrence Scharfman C. P. A.Boynton Beach,FI.
October 10, 2005
Licensed in Florida & New York****   
THE FURIA ORGANIZATION, INC. AND SUBSIDIARIES
    
CONSOLIDATED BALANCE SHEETS
    
as of June 30, 2005 and 2004
                  
ASSETS
            
2005 
2004
CURRENT ASSETS:
     
     Cash and cash equivalents
  
$        165,867 
$ 0
     Accounts receivable-trade
  
25,675   
     Loans to officers
  
35,875   
     Accounts receivable - employee
  
1,717 
            
     Total current assets
  
229,134 
 
0
          
PROPERTY, PLANT AND EQUIPMENT
     
     Office Equipment
  
208,461   
     Vehicles
  
63,549   
      Less: accumulated depreciation
  
 (25,533)
            
      Total property, plant and equipment, net
  
246,477 
 
0 
          
OTHER ASSETS:
      
Goodwill
  
19,950    
Deposits
  
1,863 
            
    Total other assets
  
21,813 
 
0
           
Total Assets
  
$        497,424 
 
 0 
          
LIABILITIES AND STOCKHOLDERS' EQUITY            
CURRENT LIABILITIES:
     
       Accounts payable-trade
  
 $         23,589   
       Loans payable
  
 $        121,655   
       Accrued liabilities
  
       37,000 
            
     Total current liabilities
  
       182,244 
 
0
          
LONG TERM DEBT
     
       Long term leases
  
       60,092 
 
 0 
          
STOCKHOLDERS' EQUITY:
     
      Preferred stock; par value of $ 0.0001,5,000,000  shares authorized and 500,000 outstanding

       50  
      
     
      Common stock - 0.0001 par value; 200,000,000authorized; 43,714,209 issued and outstanding at June 30, 2004
  
4,371 
      
   
      Common stock - 0.001 par value; 200,000,000authorized; 46,222,721 issued and outstanding at June 30, 2005

       46,223  
      
   
      Donated Capital

       14,972 
14,972 
      Additional paid-in capital after effect ofreverse stock split,

       7,857,285 
6,427,616 
      Accumulated Deficit

       (7,663,442)
 
 (6,446,959)
          
     Total stockholders' equity

       255,088 
 
 0 
          
       Total liability andstockholders' equity

 $        497,424 
 
$         0 
    
See accompany summary of accounting policies and notes tofinancial statements.          

F-1

THE FURIA ORGANIZATION, INC. AND SUBSIDIARIES
     
CONSOLIDATED STATEMENTS OF OPERATIONS
     
FOR THE YEARS ENDED JUNE 30, 2005 AND 2004
  
Inception           
(June 26,2004)         
2004 
through June 30,2005 
2005            
SALES
  
$       0  
$           548,858 
$      548,858            
COST OF GOODS SOLD 
  
0 
 
115,293 
 
115,293
                        
GROSS PROFIT
  
0 
 
433,565 
 
433,565
            
OPERATING EXPENSES:
       
Selling, general and administrative expenses
  
0  
1,319,536  
1,319,536
Depreciation
  
0 
 
25,533 
 
25,533
            
Total operating expenses
  
0 
 
1,345,069 
 
1,345,069
            
(LOSS) FROM OPERATIONS
  
 0
 
 (911,504)
 
(911,504)
            
OTHER INCOME (EXPENSE):
  
0 
 
365,718 
 
365,718
       
    
(LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
 
 0 
 (545,786) 
(545,786)            
PROVISION FOR INCOME TAXES
 
0 
 
0 
 
0
            
(LOSS) FROM CONTINUING OPERATIONS 
 
 0 
 (545,786) 
(545,786)            
DISCONTINUED OPERATIONS:
 
0 
 
0 
 
0
            
NET (LOSS)
 
0
 
$        (545,786)
 
(545,786)
            
BASIC EARNINGS (LOSS) PER SHARE:
      
   Loss from continuing operations
 
0
 
$           (0.015)
 
$         (0.015)  

   Net (loss)
 
0
 
$           (0.015)
 
$         (0.015)
                        
AVERAGE COMMON AND COMMON 
      
EQUIVALENT SHARES OUTSTANDING
 
$      0 
 
46,222,721 
 
46,222,721
                        
**F-2**                
The Furia Organization, Inc. andSubsidiaries   
Consolidated Statements of Cash Flows   
For the Years Ended June 30, 2005 and2004 
INCREASE (DECREASE) IN CASH OR CASHEQUIVALENTS                              
2005 
2004
 CASH FLOWS FROM OPERATING ACTIVITIES 
   
 Net income (loss) 

 $ (545,786) 
$    0 
 Adjustments to reconcile cash flow 
    
 Depreciation 

       25,533 
0 
 Decrease (Increase) in current assets: 
     
 A/R-Employee 

       (1,717) 
0  
 Loan to officer 

       (35,875) 
0  
 A/R-Trade 

       (25,675) 
0  
 Prepaid expenses 

       - 
0  
 Vendor and other deposits 

       - 
0 
 Increase (Decrease) in Current liabilities: 
     
 Accounts payable 

       23,589 
0  
 Loans payable 

       121,655    
 Accrued expenses 

       37,000 
 
0
             
 Net cash provided (used) by operations 

    (401,276)
 
0
           
 CASH FLOWS FROM INVESTING ACTIVITIES: 
    
 Purchase of property and equipment 

    (272,010) 
0 
 Purchase of goodwill

       (19,950)   
 Deposits made

       (1,863)
 
0
             
 Net cash provided (used) by investing 

    (293,823)
 
0
           
 CASH FLOWS FROM FINANCING ACTIVITIES: 
    
 Proceeds from leases 

       60,092 
0 
 Proceeds from sale of common stock 

  1,471,521  
0 
 Preferred Stock 

       50 
0 
 Proceeds from donated capital 

       - 
0 
 Prior period adjustment (03/05) 

    (670,697)
 
0
             
 Net cash provided by financing activities 

       860,966 
 
0
           
 EFFECT OF EXCHANGE RATE 

       - 
 
0           
 NET INCREASE (DECREASE) IN CASH AND 
    
 CASH EQUIVALENTS 

       165,867 
0           
 CASH AND CASH EQUIVALENTS, 
    
 BEGINNING OF YEAR 

       - 
 
0
           
 CASH AND CASH EQUIVALENTS, 
    
 END OF YEAR 

 $  165,867 
 
$   0
            

See accompanying summary of accounting policies and notes to thefinancial statements.**F-3**   
THE FURIA ORGANIZATION, INC. AND SUBSIDIARIES
 
STATEMENT OF STOCKHOLDERS' EQUITY
 
FOR THE YEARS ENDED JUNE 30, 2005 AND 2004
             
Preferred Stock
Common Stock
     
as adjusted for stock split
as adjusted for stock split
       
Number 
Additional  
Total  
Preferred
Preferred
of 
Common
Paid-In
Donated
Accumulated
Stockholders'  
Shares

Stock

Shares

Stock

Capital

Capital

Deficit

Deficit

Balance
        
June 30,
        
2004

0
$             -   
43,714,209 
$        4,371 
$       6,427,616 
$       14,972 
$   (6,446,959)
$                  -   
Net Loss
      
 (159,808)
 (159,808)          
Issuance
        
Pref.
        
Shares

500,000 
50      
50           
Reverse
        
Split
  
 (34,971,367)
4,371 
 (4,371)  
0          
Issuance
        
Common
  
20,000,000 
20,000    
20,000 
Shares
                  
Balance
        
Sept.30,
        
2004

500,000 

50 

28,742,842 

28,742 

6,423,245 

14,972 

 (6,606,767)

 (139,758)

Net Loss
      
 (274,826)
 (274,826)          
Issuance
        
Common 
        
Shares
  
3,363,515 
3,364 
333,151   
336,515           
Balance
        
Dec.31,
        
2004

500,000 
50 
32,106,357 
32,106 
6,756,396 
14,972 
 (6,881,593)
 (78,069)  
___________
___________
___________
___________
___________
___________
___________
___________
3/31/2005
        
Net Income
      
124,911 
124,911           
Issuance
         
Common
         
Shares
         
Balance
 
500,000 
50 
32,106,357 
32,106 
6,756,396 
14,972 
 (6,756,682)
46,842           
Issuance
         
Common
         
Shares
   
14,116,364 
14,117 
1,100,889   
1,115,006 
Adj in current year 
     
 (670,697)
 (670,697)
Net loss
 
___________

___________

___________

___________

___________

___________

 (236,063)

 (236,063)

Balance 06/30/05

500,000 

$       50 

46,222,721 

$      46,223 

$     7,857,285 

$     14,972 

$   (7,663,442)

$     255,088 
          
See accompanying summary of accounting policies and notes to thefinancial statements.**F-4**   
THE FURIA ORGANIZATION, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIALSTATEMENTS
JUNE 30, 2005
**NOTE 1-BASIS OF PRESENTATION-**
The accompanying audited consolidated financial statements have been prepared byThe Furia Organization, Inc and subsidiaries in accordance with generallyaccepted accounting principles for year-end  statements and with theinstructions to Form 10**-**KSB.  The information furnished in **theyear-end** financial statements include normal recurring of adjustments andreflects all adjustments which, in the opinion of management, are necessary fora fair presentation of such financial statements.  Although management believesthe disclosures and information presented are adequate to make the informationnot misleading, it is suggested that these **year-end** financial statementsbe read in conjunction with the Company's most recent audited financialstatements and notes thereto included in its June 30, 2004 Annual Report on Form10-KSB.  Operating results for the twelve months ended June  30, 2005 noted asignificant loss of $ 545,786 during the development stage, which is notindicative of future years.
**NOTE 2-BUSINESS AND REVERSE MERGER.**
The Furia Organization, Inc. (the " Company") was incorporated as Furia, OringerProductions, Inc. under the laws of the State of Delaware on June 26, 1984 forthe purpose of writing and producing film and tape television programs andtheatrical motion pictures.  By 1991, the Company had transferred, assigned anddisposed of its entertainment properties.  In April, 1994, Pat FashionsIndustries, Inc. ("PFI"), the Company's subsidiary and then only operatingentity, filed a Petition in Bankruptcy under Chapter 11 seeking thereorganization of PFI.  The Chapter 11 was converted to a Chapter 7 Proceedingand PFI was then liquidated.  As a result, The Furia Organization, Inc. had noactive business from 1994 to the date of the acquisition of Fronthaul, Inc. onAugust 26, 2004.
On August 26, 2004, the Furia Organization, Inc. (the "Company") completed theacquisition of Fronthaul, Inc., a privately held Nevada corporation("Fronthaul").  The Company entered into a definitive acquisition agreement withFronthaul and its shareholder to acquire all of the capital stock of Fronthaulin exchange for the issuance of common and preferred stock of the Company.
Fronthaul was incorporated on June 9, 2004.  Fronthaul is an Internet-based,business-to-business information exchange, which provides a centralized databaseof freight load information accessible by any enabled wireless device or throughthe Internet.  Its objective is to integrate the existing freight industrybusinesses with wireless and Internet technologies, creating a dynamic, realtime communication exchange for the transportation industry.
As a result of the transaction, Fronthaul became a wholly-owned subsidiary ofthe Company.  At the closing, an aggregate of 20,000,000 shares of the Company'scommon stock and 500,000 shares of the Company's preferred stock were authorizedfor issuance to the shareholder of Fronthaul.  The common stock issued to theshareholder of Fronthaul represented 69.6 % of the 28,742,842 shares of theCompany's common stock in total outstanding post closing shares.  The preferredstock issued to the Fronthaul shareholder shall be convertible, at the option ofthe holder, into shares of the Company's common stock at the rate of 100 sharesof common stock for each share of preferred stock, such right of conversionshall be based upon the following formula:
(i)     Upon the Company achieving revenues of $250,000 within twelve (12) months from the date of acquisition, aggregate of 25% of the preferred stock may be converted;
(ii)     Upon the Company achieving revenues of $500,000 within twelve (12) months from the date of acquisition, an aggregate of50 % of the preferred stock may be converted; and
(iii)     Upon the Company achieving revenues of $750,000 within twelve (12) months from the date of acquisition, an aggregate of100 % of the preferred stock may be converted.
On the one-year anniversary from the date of acquisition (" Anniversary Date"),should the Company fail to achieve any or all of the revenue thresholds, theCompany shall redeem the uncoverted preferred stock within 30 days from theAnniversary Date, then the shareholder, without regards to the revenuerequirements set forth above, may, at any time thereafter, convert the preferredstock into common stock as hereinbefore set forth.**F-5**   
THE FURIA ORGANIZATION, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIALSTATEMENTS
JUNE 30, 2005
**NOTE 3-GOING CONCERN AND MANAGEMENT'S PLANS-**
The accompanying condensed consolidated financial statements were prepared usinggenerally accepted accounting principles applicable to a going concern whichcontemplates the realization of assets and liquidation of liabilities in thenormal course of business.  However, the Company does not have significant cashor other material assets. The Company, however, did have a positive cash flow of$ 165,867 at the end of June 30, 2005 , due to proceeds from investors.  TheCompany is planning to turn around its operations through acquisition ofequipment that will support its sales plan ;and with mergers with competitorsfor the purpose of increasing market share.
**NOTE 4-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES-**
The financial statements include the accounts of Fronthaul, Inc. from theinception of operations in June, 2004 to June 30, 2005.  These statements alsoinclude the accounts of Loadsource Logistics, LLC from  March, 2005 to  June 30,2005.  All inter-company balances and transactions have been eliminated inconsolidation.
Principles of Consolidation
The  consolidated financial statements include the accounts of Fronthaul, Incfrom the inception of operations in June, 2004 to June, 2005 and ofLoadSource,Inc. from inception in March, 2005 to June,2005.  All significantinter-company balances and transactions have been eliminated inconsolidation.
Use of Estimates
The preparation of condensed consolidated financial statements in conformitywith accounting principles generally accepted in the United States of Americarequires management to make estimates and assumptions that affect the reportedamounts of assets and liabilities and disclosure of contingent assets andliabilities at the date of the consolidated financial statements and thereported amounts of revenues and expenses during the reporting period.  Actualresults could differ from those estimates.  Property and equipment are recordedat cost.  The costs of additions, leasehold improvements, and betterments arecapitalized and expenditures for repairs and maintenance are expensed in theperiod incurred.  When items of property and equipment are sold or retired, therelated costs and accumulated depreciation are removed from the accounts and anygain or loss is included in income.