UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.20549
FORM 10-KSB
Amendment No. 1
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACTOF 1934
For the fiscal year ended: June 30, 2003
Commission file number: 0-13910
**THE FURIA ORGANIZATION, INC**. (Exact name of registrant asspecified in its charter)
DELAWARE
 
95-3931129

(State or other Jurisdiction
(IRS Employer
of incorporation or organization 
Identification No.)

5030 Champion Blvd. G6#237, Boca Raton, Florida
 
33496

(Address of principal executive offices) 
(Zip Code)

Issuer’s telephone number: (561) 241-4713
Securities registered pursuant to Section 12(b) of the Exchange Act:None
Securities registered pursuant to Section 12(g) of the ExchangeAct:
Common Stock, par value $.0001------------------------------(Title ofClass)

Check whether the issuer (1) filed all reports required to be filed by Sections13 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 requirement for the past 90 days.

(1) Yes [   ] No [X] 
(2) 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 Form 10-KSBor any amendment to this Form 10-KSB. [X]
 
Registrant’s revenues for the year ended June 30, 2003;  $0.00
 
There are no recent quotes available for the Registrant’s common stock.Accordingly, the Registrant is unable to determine the aggregate market value ofthe voting stock held by non-affiliates of the Registrant as of any recent date.The number of shares outstanding of common stock as of June 1, 2004 was43,714,209. There was no established published market value for theRegistrant’s stock during the last fiscal year and there were no publishedbid and asked prices.

DOCUMENTS INCORPORATED BY REFERENCE:
None
Transitional Small Business Disclosure Format:
Yes [   ] No [X]****   

**PRIVATE SECURITIES LITIGATION REFORM ACT SAFE HARBOR STATEMENT**
When used in this Annual Report on Form 10-KSB, the words "may," "will,""expect," "anticipate," "continue," "estimate," "intend," and similarexpressions are intended to identify forward-looking statements within themeaning of Section 27A of the Securities Act of 1933 and Section 21E of theSecurities Exchange Act of 1934 regarding events, conditions and financialtrends which may affect the Company’s future plans of operations, businessstrategy, operating results and financial position. Such statements are notguarantees of future performance and are subject to risks and uncertainties andactual results may differ materially from those included within theforward-looking statements as a result of various factors. Such factors include,among others: (i) the Company’s ability to obtain additional sources ofcapital to fund continuing operations in the immediate term; (ii) theCompany’s ability to retain existing or obtain additional licensees whoact as distributors of its products; (iii) the Company’s ability to obtainadditional patent protection for its encapsulation technology; and (iv) othereconomic, competitive and governmental factors affecting the Company’soperations, market, products and services. Additional factors are described inthe Company’s other public reports and filings with the Securities andExchange Commission. Readers are cautioned not to place undue reliance on theseforward-looking statements, which speak only as of the date made. The Companyundertakes no obligation to publicly release the result of any revision of theseforward-looking statements to reflect events or circumstances after the datethey are made or to reflect the occurrence of unanticipatedevents.****   

PART I
ITEM 1.  DESCRIPTION OF BUSINESS
       THE FURIA ORGANIZATION, INC. (the"Company"), was incorporated as Furia, Oringer Productions, Inc. under the lawsof the State of Delaware on June 26, 1984 for the purpose of writing andproducing film and tape television programs and theatrical motion pictures.. By1991, the Company had transferred, assigned and disposed of its entertainmentproperties. In April 1994, Pat Fashions Industries, Inc, ("PFI") theCompany’s subsidiary and only operating entity, filed a Petition inBankruptcy under Chapter 11 seeking the reorganization of PFI. The Chapter 11was converted to a Chapter 7 Proceeding and PFI was then liquidated.Resultantly, the Company has been seeking a merger or combination candidate inany industry and has been inactive since May 1994. As a result of the foregoing,the Company is a "blank check" or "shell" company.
Business Objectives
       The Company plans to seek one or morepotential businesses that Management believes warrant the Company’sinvolvement. As a result of its limited resources, the number of potentialbusinesses available will be extremely limited. The Company will not restrictits search to any particular industry. Nevertheless, Management does not intendto become involved with a company that is an investment company under theInvestment Company Act of 1940; with a company that is a broker or dealer ofinvestment securities or commodities; or with any company in which the officers,directors or shareholders of the target company are officers or directors of theCompany. These business objectives are extremely general and are not intended tobe restrictive upon the discretion of Management. Except for the generallimitations contained above, management has not developed and does not intend todevelop specific criteria to be followed in the search for and selection of abusiness acquisition. Shareholders will therefore have extremely limitedinformation as to Management’s specific intentions and investors will beunable to determine even the industries which management might consider.
       The target company may be (i) in itspreliminary or developmental stage, (ii) a financially troubled business or(iii) a going concern. It is impossible to determine the capital requirements ofthe target business or whether such business may require additional capital.Some target companies may seek to establish a public trading market for theirsecurities.****   

       The analysis of potential businessendeavors will be undertaken by or under the supervision of Management.Management will rely on its own business judgment in evaluating businesses thatthe Company may acquire or participate. See Item 9 - Directors, ExecutiveOfficers, Promoters and Control Persons. Locating and investigating specificbusiness proposals may take an extended period of time. If a business islocated, the negotiation, drafting, and execution of relevant agreements,disclosure documents and other instruments will require substantial time,effort, and expense. The time periods of these subsequent steps cannot bedetermined. If a specific business endeavor cannot be located the costs incurredin the investigation are not likely to be recovered. The failure to consummatean attempted transaction would likely result in the loss of the costsincurred.
       Shareholders of the Company arerelying totally upon the business judgment of Management. Shareholders will notlikely be consulted or provided any disclosure documentation in connection withany acquisition engaged in by the Company, unless required by state corporatelaw or the Federal securities laws. Although Management does not anticipate asale of their Company shares in connection with an acquisition, in the eventManagement does enter into an agreement to do so, the remaining shareholders ofthe Company may not be afforded an equal opportunity to do so. As Managementintends to offer a controlling interest in the Company, it is probable that achange of control will occur as a result of an acquisition engaged in by theCompany. To the best knowledge of the Company, there are no lock-up agreementsor understandings between the Company and its shareholders or among theshareholders that has the effect of restricting the transferability of anyshareholders stock holdings. There are no arrangements, agreements, orunderstandings between non-management shareholders and management under whichnon-management shareholders may directly or indirectly participate in orinfluence the management of the Company’s affairs, and there are noagreements concerning the election of members of the Board of Directors.
       It is not presently anticipated thatthe Company will acquire or merge with a business or company in which theCompany’s promoters, management or their affiliates or associates directlyor indirectly have an ownership interest, however there is no agreement, policy,or understanding to prevent such a transaction. In the event of such anon-arm’s length transaction, Management would seek an independentappraisal of the transaction. Notwithstanding the foregoing, there is thepotential that a conflict of interest will arise between the Company and itsmanagement in which case Management’s fiduciary duties may be compromised.Any remedy available under state corporate law would, in such an event, mostlikely be prohibitively expensive and time consuming.****   
       A number of states have enactedstatutes, rules and regulations limiting the sale of securities of blank checkcompanies in their respective jurisdictions. Some states prohibit the initialoffer and sale as well as any subsequent resale of securities of shell companiesto residents of their states. In such an event, the shareholders of the Company,as well as the shareholders of any target company, may be limited in theirability to resell shares of the Company. To the best knowledge of the Company,the following states may have such limitations (this list is not exhaustive anda significant number of other states may also have such limitations):Connecticut, Georgia, Oregon, Washington, and Florida.
Competition
       Inherent difficulties exist for anynew company seeking to enter an established field. The Company will remain aninsignificant participant among the firms that engage in mergers with andacquisitions of privately financed entities.
       There are many established venturecapital and financial concerns which have significantly greater financial andpersonnel resources, technical expertise and experience than the Company. TheCompany is also subject to competition from numerous other recently formedpublic and private entities with business objectives similar to those of theCompany.
Regulation
       The Investment Company Act of 1940(Investment Act) defines an investment company as an issuer that is or holdsitself out as being engaged primarily in the business of investing, reinvestingor trading of securities. The Company does not intend to engage primarily in theactivities of purchasing, trading or selling securities and intends to conductits activities so as to avoid being classified as an investment company underthe Investment Act. The Company could be expected to incur significantregistration and compliance costs if required under the Investment Act, and theregulations promulgated thereunder. Section 3(a) of the Investment Act providesexclusions from its application for companies that are not primarily engaged inthe business of investing, reinvesting or trading in investment securities.Management intends to implement its business plan in a manner that will resultin the availability of this exception from the definition of investment company.Accordingly, Management will continue to review the Company’s activitiesfrom time to time with a view toward reducing the likelihood that the Companycould be classified as an investment company.
       The Company’s plan of businessmay involve changes in its capital structure, management, control, and business,especially if it consummates its plan to acquire or merge with another entity.Each of these areas is regulated by the Investment Act, which regulations havethe purported purpose of protecting purchasers of investment company securities.Since the Company will not register as an investment company, its shareholderswill not be afforded these purported protections.****   
       Even if the Company restricts itsactivities as described above, it is possible that it may be classified as aninadvertent investment company. This would be most likely to occur ifsignificant delays are experienced in locating a business opportunity.
       The Company intends to vigorouslyresist classification as an investment company and to take advantage of anyexemptions or exceptions from application of the Investment Act, including anexception that allows an entity a one-time option during any three (3) yearperiod to claim an exemption as a transient investment company. The necessity ofasserting any such contention, or making any other claim of exemption, could betime consuming, costly or even prohibitive, given the Company’s limitedresources.
       The Company intends to structure amerger or acquisition in such a manner as to minimize Federal and state taxconsequences to the Company and its shareholders, and to any target company andits shareholders. Under Section 368 of the Internal Revenue Code of 1986, asamended (the Code), a statutory merger or consolidation is an exempt transactionand may be tax free to the companies and their shareholders if effected inaccordance with state law. A tax free reorganization may require the Company toissue a substantial portion of its securities in exchange for the securities orassets of a target firm. Consequently, a tax free reorganization may result insubstantial dilution of the ownership interests of the present shareholders ofthe Company. Even if a merger or consolidation is undertaken in accordance withthe Code, there is no assurance that tax regulations will not change and resultin the Company or its shareholders incurring a significant tax liability.
       The Securities Enforcement and PennyStock Reform Act of 1990 requires additional disclosure relating to the marketfor penny stocks in connection with trades in any stock defined as a pennystock. The Commission has adopted regulations that generally define a pennystock to be any equity security that has a market price of less than $5.00 pershare, subject to certain exceptions. Such exceptions include any equitysecurity listed on Nasdaq and any equity security issued by an issuer that has(i) net tangible assets of at least $2,000,000, if such issuer has been incontinuous operation for three years, (ii) net tangible assets of at least$5,000,000, if such issuer has been in continuous operation for less than threeyears, or (iii) average annual revenue of at least $6,000,000, if such issuerhas been in continuous operation for less than three years. Unless an exceptionis available, the regulations require the delivery, prior to any transactioninvolving a penny stock, of a disclosure schedule explaining the penny stockmarket and the risks associated therewith.****   
Employees
       The Company presently has no employeesother than its President, Martin Cohen. Mr. Cohen is employed in anotherbusiness, and therefore allocates a minimal amount of time to the affairs of theCompany.
ITEM 2.  DESCRIPTION OF PROPERTY
       The Company neither owns nor leasesreal property.
ITEM 3.  LEGAL PROCEEDINGS
       The Company is not involved in anymaterial legal proceedings.
ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
       No items were submitted to a vote ofthe Company’s security holders during the fiscal year ended June 30,2003.****   

PART II
ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
       There is currently no establishedtrading market for the Company’s Common Stock. Trading in theCompany’s Common Stock occurs from time to time on the over-the-countermarket. The trading has been sporadic and quotations are rarely published. Dueto the infrequency of trades during the past three years, the Company does notbelieve that there is an established public trading market for its CommonStock.
       As of June 30, 2003, there were 649holders of record of the Company’s Common Stock. As of June 1, 2004 wereported 43,714,209 outstanding shares of Common Stock, $.0001 par value. Therehave been no dividends paid or declared since the inception of the Company, andthe Company’s present financial condition does not permit the payment ofdividends. The Company cannot predict when, if at all, it will commence paymentof dividends.
ITEM 6.  MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OFOPERATION
Financial Condition
       The Company had neither operations norrevenues since 1994. The expenses of the Company, for the fiscal year ended June30, 1998, consisting principally of professional fees, transfer agent fees,franchise tax and registered agent’s fees were paid by SouthcalInvestments, Inc a Company then under the control of Waylon McMullen, theCompany’s former President and current Director. In reimbursement forpayments made by Southcal Investments, Inc., for and on behalf of the Company,The Company, on June 18, 1998 issued its Promissory Note to SouthcalInvestments, Inc. in the sum of $33,315 bearing interest at 8% per annum. Thedue date of the Note was June 20, 2003 As of September 3, 2002, the Company wasindebted to Southcal Investments, Inc., in the sum of approximately $44, 530,consisting of the principal of the Promissory Note plus accrued interest of$11,215.On September 3, 2002, The Company and Southcal Investments, Inc., agreedto satisfy the Promissory Note issued by the Company, by the issuance of2,000,000 shares of the Company’s Common Stock.
       Through December 2000 all expenses ofthe Company were borne by Waylon McMullen. On December 21, 2000, the Company, infull satisfaction of any and all claims Waylon McMullen had or may have againstthe Company for (1) money expended on behalf of the Company (including but notlimited to accounting fees, taxes, and printing of stock certificates); and (2)legal services rendered as attorney for the Company, the Board of Directorsauthorized the issuance of 3,000,000 shares of its common stock.
       On May 10. 2001, Mr. Martin Cohen wasappointed President and a Director of the Company to serve until his successoris elected and agrees to serve.****   

       On December 21, 2000, in considerationof the services rendered and to be rendered by RN Capitals Partners, Inc., in(1) negotiating, structuring and finalizing the recession, nun pro tunc referredto above; (2) seeking and negotiating with potential candidates interested inmerging with the Company; (3) putting the Company in compliance with itsobligations as a 12G Company under the Securities Exchange Act of 1934, asamended; and (4) paying and/or assuming the payment of the Company’sexpenses, accrued and to be accrued,(including but not limited to legal andaccounting fees) in connection with "cleaning up" the Company and bringing it incompliance with its obligations as a 12G Company, the Board of Directors of theCompany authorized and directed the issuance of 13,500,000 shares of its CommonStock to RN. To-date, RN Capital Partners has been satisfying the obligations ofthe Company. Mr. Martin Cohen, President of The Furia Organization, Inc., isalso the President and Chief Operating Officer of RN Capital Partners, Inc.
Subsequent Events
       As of the date hereof, the Companyremains a "shell" company. The Company plans to seek one or more potentialbusinesses that Management believes warrant the Company’s involvement. Asa result of its limited resources, the number of potential businesses availablewill be extremely limited. The Company will not restrict its search to anyparticular industry. Management has not developed and does not intend to developspecific criteria to be followed in the search for and selection of a businessacquisition.
       The target company may be (i) in itspreliminary or developmental stage, (ii) a financially troubled business or(iii) a going concern. It is impossible to determine the capital requirements ofthe target business or whether such business may require additional capital.Some target companies may seek to establish a public trading market for theirsecurities.
       It is not presently anticipated thatthe Company will acquire or merge with a business or company in which theCompany’s promoters, management or their affiliates or associates directlyor indirectly have an ownership interest, however there is no agreement, policy,or understanding to prevent such a transaction. In the event of such anon-arm’s length transaction, Management would seek an independentappraisal of the transaction.
ITEM 7.  FINANCIAL STATEMENTS
       Financial statements are includedunder Item 13(A) and may be found at pages F-1 through F-7.
ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTINGAND FINANCIAL DISCLOSURE MATTERS
       Effective March 16, 2005, HarveyWeingard, C.P.A., the independent certified public accountant and auditor of TheFuria Organization, Inc. (the “Company”) for the fiscal years endedJune 30, 2003 and 2004, was dismissed by the Company from further audit servicesto the Company because Mr. Weingard was not registered with the Public CompanyAccounting Oversight Board. The dismissal was approved by the Board of Directorsof the Company. ****   
       During the fiscal years ended June 30,2003 and 2004, the financial statements of the Company did not contain anyadverse opinion or a disclaimer of opinion, nor were they qualified or modifiedas to any uncertainty, audit scope, or accounting principles, except that thereports of Harvey Weingard, C.P.A. for such fiscal years indicated conditionswhich raised substantial doubt about the Company’s ability to continue asa going concern. 
       For the two fiscal years ended June30, 2003 and 2004, there were no disagreements between the Company and HarveyWeingard, C.P.A. on any matter of accounting principles or practice, financialstatement disclosure, or auditing scope or practices which if not resolved tothe satisfaction of Harvey Weingard, C.P.A. would have caused Harvey Weingard,C.P.A. to make reference to the subject matter of the disagreement in connectionwith its reports. 
       Effective March 16, 2005, LawrenceScharfman & Co., C.P.A., P.C., located at 9608 Honey Bell Circle, BoyntonBeach, FL 33437 was engaged by the Company to audit the consolidated financialstatements of the Company for its fiscal years ended June 30, 2003, 2004 and2005, and the related statements of income, stockholders’ equity, and cashflows for the year then ending. During the two most recent fiscal years or anysubsequent interim period, the new independent accountant had not previouslybeen engaged as either the principal accountant of the Company to audit itsfinancial statements or of any significant subsidiary, nor has the Companyconsulted with him regarding any accounting issue, auditing or financialreporting issue regarding such financial statements or any reportable eventprior to February 2005.****   

PART III
ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT
       As of June 1, 2004 the following werethe Officers, Directors, Promoters and Control Persons of the Company.
 Name	
Age
Positions Held
 
Martin Cohen

61
President and Director
  Waylon E. McMullen	
58
Assistant Secretary
  
and Director

       On May 10. 2001, Mr. Martin Cohen wasappointed President and a Director of the Company to serve until his successoris elected and agrees to serve. For the past Four(4) years, Mr. Cohen has beenPresident of RN Capital Partners, Inc.("RN") a, privately held, financialconsulting company, directly and indirectly, providing capital to individualsand publicly-held companies. For the three (3) years prior thereto Mr. Cohen wasPresident of Capital Associates, a company engaged in a similar business to thatof RN.
       Mr. McMullen is a practicing attorneyand has been President of Waylon E. McMullen, P.C. a law firm, from 1991 untilthe present. Prior to that Mr. McMullen was President of Akin & McMullen,P.C., a law firm, or its successors from 1971.
       Section 16(a) of the SecuritiesExchange Act of 1934, as amended, requires the Company’s directors andexecutive officers and persons who own more than ten percent (10%) of theCompany’s common stock to file with the Securities and Exchange Commission(the "SEC") initial reports of ownership and reports of changes in ownership ofcommon stock and other equity securities of the Company. Officers, directors andgreater than ten percent (10%) shareholders are required by SEC regulations tofurnish the Company with copies of all Section 16(a) reports they file. To theCompany’s knowledge, based solely on the review of the copies of suchreports filed during the fiscal year ended June 30, 2003, all Section 16(a)filing requirements applicable to its officers, directors and greater than tenpercent (10%) beneficial owners were complied with.****   

ITEM 10.  EXECUTIVE COMPENSATION
       The Company has not paid anycompensation to any officer or director during the period ending June 30,2003
ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT
       The following table sets forth certaininformation regarding the ownership of Company common stock as of June 1, 2004,based on information obtained from such persons, the Company’s records andschedules required to be filed with the Company, with respect to (i) eachshareholder known by the Company to own beneficially five percent (5%) or moreof such outstanding Common Stock, (ii) each current director and executiveofficer of the Company, and (iii) all executive officers of the Company as agroup. Except as otherwise indicated below, each of the entities or personsnamed in the table has sole voting and investment power with respect to allshares of common stock beneficially owned.

Name and Address

of Beneficial Owner     

Number of Shares
Percent of Class (1)  
RN Capital Partners, Inc. (2)     

13,500,000
31% 
5030 Champion Blvd., G6#237

Boca Raton, Florida 33496
 
Martin Cohen (2)            

13,500,000
31% 
5030 Champion Blvd., G6#237

Boca Raton, Florida 33496
 
Time for a Change, Inc.(3)       

13,351,449
31% 
17309 Club Hill Dr.

Dallas, Texas 75248
 
Cheryl L. McMullen (3)(4)        

13,351,449
31% 
17309 Club Hill Dr.

Dallas, Texas 75248
 
Waylon E. McMullen (4)          

3,000,000
7% 
P.O. Box 795517

Dallas, Texas 75379-5517
 
All Directors and Officers as a

group (two persons)           

16,500,000
38% 
------------------
 
(1)

Based upon 43,714,209 Company common stock outstanding as of June1, 2004.
 
(2)

Mr. Cohen is the President and Chief Operating Officer of RNCapital Partners, Inc. The shares attributed to RN Capital Partners, Inc. arethe same shares attributed to Mr. Cohen.
 
(3)

Ms. McMullen is the president and controlling shareholder of Timefor a Change, Inc. The shares attributed to Time for a Change, Inc. are the sameshares attributed to Ms. McMullen.
 
(4)

Mr. McMullen is the husband of Cheryl L. McMullen, the presidentand controlling shareholder of Time For a Change, Inc. Mr. McMullen disclaimsany beneficial ownership of the shares held by Time For a Change,Inc.
****   

       The Company does not know of any otherarrangement or pledge of its securities by persons now considered in control ofthe Company that might result in a change in control of the Company.
ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
       The Company had no operations norrevenues since fiscal year 1995. The expenses of the Company, for the fiscalyear ended June 30, 1998, consisting principally of professional fees, transferagent fees, franchise tax and registered agent’s fees were paid bySouthcal Investments, Inc a Company then under the control of Waylon McMullen,the Company’s then President. In reimbursement for payments made bySouthcal Investments, Inc., for and on behalf of the Company, The Company, onJune 18, 1998 issued its Promissory Note to Southcal Investments, Inc. in thesum of $33,315 bearing interest at 8% per annum. The due date of the Note wasJune 20, 2003. On September 2, 2002, the Company and Southcal Investments, Inc.,agreed to satisfy the Promissory Note issued by the Company, by the issuance of2,000,000 shares of the Company’s Common Stock.
       Through December 2000 all expenses ofthe Company were borne by Waylon McMullen. On December 21, 2000, the Company, infull satisfaction of any and all claims Waylon McMullen, the former President ofthe Company and now a Director of the Company, had or may have against theCompany for (1) money expended on behalf of the Company (including but notlimited to Accounting Fees, Franchise Taxes, acquisition of stock certificates);and (2) legal services rendered as attorney for the Company, the Board ofDirectors authorized the issuance of 3,000,000 shares of its common stock. .
       On December 21, 2000, in considerationof the services rendered and to be rendered by RN Capital Partners, Inc, aCompany under the control of Martin Cohen, President and Director of The FuriaOrganization, Inc., in (1) negotiating, structuring and finalizing therecession, nun pro tunc referred to above; (2) seeking and negotiating withpotential candidates interested in merging with the Company; (3) putting theCompany in compliance with its obligations as a 12G Company under the SecuritiesExchange Act of 1934, as amended; and (4) paying and/or assuming the payment ofthe Company’s expenses, accrued and to be accrued, (including but notlimited to legal and accounting fees) in connection with "cleaning up" theCompany and bringing it in compliance with its obligations as a 12G Company, theBoard of Directors of the Company authorized and directed the issuance of13,500,000 shares of its Common Stock to RN. To-date, RN Capital Partners hasbeen satisfying the obligations of the Company.****   

PART IV
ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K.

A. 

Financial Statements filed as part of this Report:
    
Page Reference  
Report of Independent Auditors on Financial
  
Statements of The Furia Organization, Inc. 

F-1  
Balance Sheet as of June 30,2003 and 2002

F-2  
Statements of Operations for the year ended
  
June 30, 2003 and 2002

F-3  
Statement of Stockholders’ Deficiency for the year
  
ended  June 30, 2003 and 2002  

F-4  
Statement of Cash Flows for the year ended
  
June 30, 2003 and 2002 

F-5  
Notes to Financial Statements of The Furia
  
Organization, Inc. for the year ended June 30, 2003 and 2002

F-6 
B.

Financial Statement Schedules:
   
None
  
C. 

The following Exhibits are filed as part of this Report:
     
Exhibit

Description
      3.1	
Certificate of Incorporation of the Registrant  (Incorporated by to Exhibit 3(a) of the Company’s Registration Statement, File No. 2-94266 LA)
     3.2	
Certificate of Amendment to Articles of Incorporation  (Incorporated byreference to Exhibit 2.2 of the Company’s 10KSB for the fiscal year endedJune 30, 1997)
     3.3	
By-Laws of the Company (Incorporated by reference to Exhibit 3 (b) of theCompany’s Registration Statement, File No. 2-94266 LA)
     4.1	
Copy of Specimen Stock (Incorporated by reference to Exhibit of TheCompany’s Registration Statement, File No. 2-942266 LA)
     31.1	
Certification of Chief Executive and Chief Financial Officer of Periodic ReportPursuant to Rule 13a-14(a) and Rule 15d-14(a).
     32.1	
Certification of Chief Executive and Chief Financial Officer pursuant to 18U.S.C. Section 1350
   
D.

Reports on Form 8-K
   
None
  ****   

SIGNATURES
       Pursuant to the requirements ofSection 13 or 15(d) of the Securities Exchange Act of 1934, the Registrantcertifies that it has reasonable grounds to believe that it meets all therequirements of filing on Form 10-KSB, and has duly caused this Amended Form10-KSB to be signed on its behalf by the undersigned, thereunto duly authorizedon the 23 day of March, 2005.

THE FURIA ORGANIZATION, INC.
   
By:

/s/ Michael Alexander
   
Michael Alexander
   
Chief Executive Officer
 

       Pursuant to the requirements of theSecurities Exchange Act of 1934, this Form 10-KSB has been signed below by thefollowing persons on behalf of the registrant and in the capacities and on thedates indicated.

Principal Executive

Title

Date
  
Michael Alexander
 Chief Executive Officer and 	 March 23, 2005	 
Michael Alexander

Director

****   

Index to Financial Statements

Description           

Page
 
Report of Independent Certified Public

Accountants Lawrence Scharfman C.P.A.. P.C.)            

F-1
 
Balance Sheets at June 30,2003 and 2002.                            

F-2
 
Statements of Operations for

the years ended June 30, 2003 and 2002.                         

F-3
 
Statement of Stockholders Deficiency

For the years ended June 30, 2003 and 2002                      

F-4
 
Statements of cash flows for the years

ended June 30, 2003 and 2002.                                          

F-5
 
Notes to Consolidated Financial Statements                      

F-6

****   

*Lawrence Scharfman & Co., CPAP.C.*
*Certified Public Accountants* 
18 E. SUNRISE HIGHWAY, #203
  
9608 HONEY BELL CIRCLE
FREEPORT, NY  11520
  
BOYNTON BEACH, FL  33437
TELEPHONE: (516) 771-5900
  
TELEPHONE: (561) 733-0296
FACSIMILE: (516) 771-2598
  
FACSIMILE: (561) 740-0613  
Mr. Michael Alexander

The Furia Organization, Inc.

2233 Ridge Road, Suite #102

Rockwall, Tx 75087
 
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS 
We have audited the accompanying balance sheets of The Furia Organization, Inc.(the “Company”)  of June 30, 2003 and 2002 and the related statementsof operations, stockholders’ Equity and cash flows for the year ended June30, 2003.  These financial statements are the responsibility of theCompany’s management.  Our responsibility is to express an opinion onthese financial statements based on our audits.
 
We conducted our audit in accordance with the standard 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 misstatement.  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  provides a reasonable basis for our opinion.
 
In our opinion, the  financial statements referred to above present fairly, inall material respects, the financial position of the Company . as of (at)  June30, 2003 and  June 30, 2002, , and the results of its operations and its cashflows for the year  ended June 30, 2003  in conformity with U.S. generallyaccepted accounting principles..
     
Lawrence Scharfman, C.P.A. 

Boynton Beach, Florida
 
March 7, 2005    

**F-1**   

THE FURIA ORGANIZATION, INC.BALANCE SHEET AS OF JUNE 30
  
2003
2002     ASSETS	    
Current Assets

$
-- 

$
-- 
    
TOTAL ASSETS

$
-- 

$
-- 
    
LIABILITIES AND STOCKHOLDERS’(DEFICIENCY)    
Current Liabilities

 Note Payable

$
-- 
33,315 
 Accrued   Interest

-- 
10,748 
 Accounts Payable and

   Other Accrued Liabilities  
 
-- 
 
-- 
    
TOTAL LIABILITIES
$
-- 

$
44,063 
    
Stockholders’ (Deficiency)

 Preferred Stock- 0.0001 par value,

  50,000,000 authorized, issued and

  outstanding -0-
 
-- 
-- 
 Common Stock - $0.0001 par
   value, 200,000,000 shares	
  authorized, 43,714,209 and41,714,209 issued and

  outstanding at  June 30, 2003 and 2002,

$
4,371 
$
4,171 
 Additional Paid-In Capital
 
6,427,616  
6,383,286 
 Donated Capital
 
14,972  
14,972 
 Accumulated Deficit
 
 (6,446,959) 
(6,446,492) 
TOTAL STOCKHOLDERS’ (DEFICIENCY)
$
-- 

$
(44,063)
    
TOTAL LIABILITIES AND

 STOCKHOLDERS’(DEFICIENCY)

$
-- 
 
-- 
    

See accompanying notes to financialstatements
F-2****   

THE FURIA ORGANIZATION, INC.STATEMENT OF OPERATIONSFOR THE YEAR ENDEDJUNE 30,
  
2003
2002    
REVENUES

$
--

$
--
    
TOTAL REVENUE

$
--

$
--
     
EXPENSES

  General, administrative
 
  And Interest Expenses

$
 467

$
2,665
     
NET LOSS

$
(467)
$
(2,665) 
Loss Per Common Share

$
 (0.0000)
$
(0.0001) 
Weighted Average

  Number of Common Shares

  Outstanding
 43,714,209	 41,714,209	 

See accompanying notes to financialstatements
F-3****    	
THE FURIA ORGANIZATION, INC.STATEMENTS OF STOCKHOLDERS’DEFICIENCYFOR YEARS ENDED JUNE 30, 2003 AND 2002
  
Additional  
Preferred
Preferred
Common
Common
Paid-in
Donated
Accumulated
Stockholder’ 
Shares

Stock

Shares

Stock

Capital

Capital

Deficit

Equity
          Balance at	         June 30, 2002	
-0-  -0- 	
41,714,209 
$ 4,171 
$ 6,383,286 
$ 14,972 
$ (6,446,492)
$ (44,063)         
Net Loss
      
(467)
(467)         
Common
        
Stock
  
2,000,000 
200    
200          
Issuance
        
Increase in
        
Paid in
        
Capital
    
44,330   
44,330           Balance at	         June 30, 2003	
-0- 

-0- 

43,714,209 

$ 4,371 

$6,427,616 

$ 14,972 

$ (6,446,959)

$ (---) 
         

See accompanying notes to financialstatements
F-4****   

THE FURIA ORGANIZATION, INC.STATEMENT OF CASH FLOWSFOR THE YEAR ENDEDJUNE 30
  
2003
2002    
Cash Flows from Operating

Activities:
 
Net Loss

$
(467)
$
(2,665) 
Adjustments to Reconcile
  
Net Loss to Net Cash
  
Provided (Used) by
  
Operating Activities:
  
Increase (Decrease)in
  
Accounts Payable and
  
Accrued Liabilities
  
Increase in Notes Payable
  
Accrued Interest

467 
 
2,665 
     
Total Adjustments

$
467 

$
2,665 
    
Net Cash Provided (Used)
 
by Operating Activities
  -- 	

--  
Cash Flows From Investing
 
Activities
  
--  
--  
Cash Flows From
 
Financing Activities
  
--  
--  
Net Increase

 (Decrease) in Cash
  
--  
-- 
Cash at Beginning

of Year
  
-- 
 
-- 
     
Cash at End of Year

$
-- 

$
-- 
    

See accompanying notes to financialstatements
F-5****   

THE FURIA ORGANIZATION, INC.NOTES TO FINANCIAL STATEMENTSFOR THE YEARSENDED JUNE 30, 2003 and 2002.
NOTE 1 - GOING CONCERN
       The Furia Organization, Inc., (theCompany) has been inactive for the past five years and was seeking candidate fora merger or business combination. (See Subsequent Events) The accompanyingstatements have been prepared in conformity with generally accepted accountingprinciples, which contemplate continuation of the Company as a going concern.
       The Company’s continuedexistence as a going concern is substantially in doubt since such existence issolely dependent upon the continued support of its Board of Directors. Thefinancial statements do not include any adjustments that might result from theoutcome of this uncertainty.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
       Organization
       The Company was incorporated under thelaws of the State of Delaware on June 26, 1984.
       Loss Per Common Share
       Loss per common share is computed bydividing net loss by the average number of common shares outstanding during theperiod.
       Use of Estimates
       The preparation of financialstatements in conformity with generally accepted accounting principles requiresmanagement to make estimates and assumptions that effect the amounts reported inthe financial statements and accompanying notes. Actual results could differfrom those estimates.
F-6****   

NOTE 3 - INCOME TAXES
       The Company provides for the taxeffects of transactions reported in the financial statements. The provision, ifany, consists of taxes currently due plus deferred taxes related primarily todifferences between the basis of assets and liabilities for financial and incometax reporting. The deferred tax assets and liabilities, if any, represent thefuture tax return consequences of those differences, which will either betaxable or deductible when the assets and liabilities are recovered or settled.As of June 30, 2003, the Company had no material current tax liability, deferredtax assets, or liabilities.
F-7****