| NEVADA                                                                                      | 20-2777600                                                     |
|---------------------------------------------------------------------------------------------|----------------------------------------------------------------|
| (State                or other jurisdiction ofincorporation                or organization) | (IRS                employerIdentification                No.) |

----

**Chang      G. Park, CPA, Ph. D.**

**t**
**      371 E STREET **
**t**
**      CHULA VISTA **
**t**
**      CALIFORNIA 91910-2615**
**t**

**t**
**      TELEPHONE (858)722-5953 **
**t**
**      FAX (858) 408-2695 **
**t**
**      FAX (619) 422-1465**

**t**
**      E-MAIL **
**changgpark@gmail.com**
** **
**t**

**Report      of Independent Registered Public Accounting Firm**

----

----

| **FREZER,                INC.**                                            |   |
|----------------------------------------------------------------------------|--------|
| **(A                Development Stage Company)**                           |   |
| **Balance                Sheets**                                          |   |
|                                                                       |   |   |   |   |   |   |   |
|                                                                       |   |   |   |    |   |    |   |
|                                                                       |   |   |   |  **As                of** |   |  **As                of** |   |
|                                                                       |   |   |   |  **September                30,** |   |  **December                31,** |   |
|                                                                       |   |   |   |  **2006** |   |  **2005** |   |
| **ASSETS**                                                                 |   |
|  **Current              Assets**                                      |   |    |   |    |   |
| Cash                                                                       |   |   |   |   | $ | 4,326 |   | $ | 264,932 |   |
| Accounts                and notes receivable - related party               |   |   |   |   |   | — |   |   | 10,000 |   |
| Prepaid                expenses                                            |   |   |   |   |   | 45,059 |   |   | 24,285 |   |
| **Total                Current Assets**                                    |   |   |   |   |   | 49,385 |   |   | 299,217 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |
| **Net                Property & Equipment**                            |   |   |   |   |   | —  |   |   | 1,180 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |
| **Other                Asset**                                             |   |   |   |   |   |   |   |   |   |   |
| Deposit                                                                    |   |   |   |   |   | 3,942 |   |   | — |   |
| **Total                Other Asset**                                       |   |   |   |   |   | 3,942 |   |   | — |   |
| **TOTAL                ASSETS**                                            |   |   |   |   | **$** | 53,327 |   | $ | 300,397 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |
| **LIABILITIES                & STOCKHOLDERS' EQUITY**                  |
|                                                                       |   |   |   |   |   |   |   |   |   |   |
| **Current                Liabilities**                                     |   |   |   |   |   |   |   |   |   |   |
| Accounts                payable                                            |   |   |   |   | $ | 12,459 |   | $ | 6,783 |   |
| Accrued                salaries                                            |   |   |   |   |   | 186,000 |   |   | 183,335 |   |
| Accrued                payroll taxes                                       |   |   |   |   |   | 9,319 |   |   | 9,095 |   |
| Accrued                interest                                            |   |   |   |   |   | 671 |   |   | — |   |
| Notes                payable                                               |   |   |   |   |   | 48,658 |   |   | — |   |
| **Total                Current Liabilities**                               |   |   |   |   |   | 257,107 |   |   | 199,213 |   |
| **TOTAL                LIABILITIES**                                       |   |   |   |   |   | 257,107 |   |   | 199,213 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |
| **Stockholders'                Equity (Deficit)**                          |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |
| Common                stock, ($0.001 par value, 100,000,000 shares         |   |   |   |   |   |   |   |   |   |   |
| authorized;                15,534,064 and 8,076,564 shares issued and      |   |   |   |   |   |   |   |   |   |   |
| outstanding                as of September 30, 2006 and December 31, 2005) |   |   |   |   |   | 15,535 |   |   | 8,076 |   |
| Additional                paid-in capital                                  |   |   |   |   |   | 947,536 |   |   | 401,811 |   |
| Deficit                accumulated during development stage                |   |   |   |   |   | (1,166,851 | ) |   | (308,703 | ) |
| **Total                Stockholders' Equity**                              |   |   |   |   |   | (203,780 | ) |   | 101,184 |   |
| **TOTAL                LIABILITIES &**                                 |   |   |   |   |   |   |   |   |   |   |
| **STOCKHOLDERS'                EQUITY**                                    |   |   |   |   | **$** | 53,327 |   | $ | 300,397 |   |

----

| **FREZER,                INC.**                    |   |
|----------------------------------------------------|--------|
| **(A                Development Stage Company)**   |   |
| **Statement                of Operations**         |   |
|                                               |   |   |   |   |   |    |   |    |   |    |   |    |   |
|                                               |   |   |   |   |   |    |   |    |   |    |   |  **May                2, 2005** |   |
|                                               |   |   |   | **Nine                Months** |   |    |   |  **Three                Months** |   |  **Three                Months** |   |  **(Inception)** |   |
|                                               |   |   |   | **Ended** |   |  **For                the period** |   |  **Ended** |   |  **Ended** |   |  **through** |   |
|                                               |   |   |   | **September                30,** |   |  **From                May 2, 2005** |   |  **September                30,** |   |  **September                30,** |   |  **September                30,** |   |
|                                               |   |   |   | **2006** |   |  **to                September 30, 2005** |   |  **2006** |   |  **2005** |   |  **2006** |   |
| **Revenues**                                       |   |  |   |   |   |    |   |    |   |    |   |    |   |
| Revenues                                           |   |   |   |   | $ | — |   | $ | — |   | $ | — |   | $ | — |   | $ | — |   |
| **Total                Revenues**                  |   |   |   |   |   | — |   |   | — |   |   |   |   |   |   |   |   | — |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Costs                and Expenses:**             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Research                & development          |   |   |   |   |   | 276,776 |   |   | — |   |   | 105,436 |   |   |   |   |   | 276,776 |   |
| Administrative                expenses             |   |   |   |   |   | 585,534 |   |   | 112,456 |   |   | 126,216 |   |   | 91,171 |   |   | 894,237 |   |
| **Total                Costs and Expenses**        |   |   |   |   |   | 862,310 |   |   | 112,456 |   |   | 231,652 |   |   | 91,171 |   |   | 1,171,013 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Operating                Loss**                  |   |   |   |   |   | (862,310 | ) |   | (112,456 | ) |   | (231,652 | ) |   | (91,171 | ) |   | (1,171,013 | ) |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Other                Income (Expenses)**         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                income                     |   |   |   |   |   | 2,802 |   |   | — |   |   | 1,057 |   |   | — |   |   | 2,802 |   |
| Other                income                        |   |   |   |   |   | 2,261 |   |   | — |   |   | 2,261 |   |   | — |   |   | 2,261 |   |
| Interest                expense                    |   |   |   |   |   | (901 | ) |   | — |   |   | (901 | ) |   | — |   |   | (901 | ) |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                Other Income (Expenses)       |   |   |   |   |   | 4,162 |   |   | — |   |   | 2,417 |   |   | — |   |   | 4,162 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                Income (Loss)**               |   |   |   |   | $ | (858,148 | ) | $ | (112,456 | ) | $ | (229,235 | ) | $ | (91,171 | ) | $ | (1,166,851 | ) |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Basic                earnings (loss) per share** |   |   |   |   | $ | (0.06 | ) | $ | (0.02 | ) | $ | (0.01 | ) | $ | (0.02 | ) |   |   |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of**      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **common                shares outstanding**       |   |   |   |   |   | 13,371,079 |   |   | 6,035,315 |   |   | 15,534,064 |   |   | 6,035,501 |   |   |   |   |

----

|                                                               | **FREZER,                INC.**                                                          |
|--------------------------------------------------------------------|------------------------------------------------------------------------------------------|
|                                                               | **(A                Development Stage Company)**                                         |
|                                                               | **Statement                of Changes in Stockholders' Equity (Deficit)**                |
|                                                               | **From                May 2,2005 (inception) through September 30,                2006** |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   | **Deficit** |   |   |   |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   | **Accumulated** |   |   |   |
|                                                               |                                                                                     |   |   |   | **Common** |   |   | **Additional** |   |   | **During** |   |   |   |
|                                                               |                                                                                     | **Common** |   |   | **Stock** |   |   | **Paid-in** |   |   | **Development** |   |   |   |
|                                                               | **Stock**                                                                                |   |   | **Amount** |   |   | **Capital** |   |   | **Stage** |   |   |  **Total** |
|  Shares              issued for cash and services May 4, 2005 | 5,935,315                                                                                |   | $ | 5,936 |   | $ | 44,264 |   | $ |   |   | $ | 50,200 |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Shares              issued for services May 4, 2005          | 100,000                                                                                  |   |   | 100 |   |   | 900 |   |   |   |   |   | 1,000 |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Shares              issued for Cash November 10, 2005        | 1,650,000                                                                                |   |   | 1,650 |   |   | 245,850 |   |   |   |   |   | 247,500 |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Shares              issued for Cash November 23, 2005        | 333,333                                                                                  |   |   | 333 |   |   | 99,667 |   |   |   |   |   | 100,000 |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Shares              issued for services December 10, 2005    | 57,916                                                                                   |   |   | 58 |   |   | 11,129 |   |   |   |   |   | 11,187 |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net              loss, December 31, 2005                     |                                                                                     |   |   |   |   |   |   |   |   | (308,703) |   |   | (308,703) |
|  **Balance              December 31, 2005**                   | 8,076,564                                                                                |   |   | 8,077 |   |   | 401,810 |   |   | (308,703) |   |   | 101,184 |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Shares              issued for cash                          | 500,000                                                                                  |   |   | 500 |   |   | 149,500 |   |   |   |   |   | 150,000 |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Shares              issued for services                      | 857,500                                                                                  |   |   | 858 |   |   | 218,892 |   |   |   |   |   | 219,750 |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Shares              issued in lieu of compensation           | 6,100,000                                                                                |   |   | 6,100 |   |   | 177,334.00 |   |   |   |   |   | 183,434 |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net              loss, September 30, 2006                    |                                                                                     |   |   |   |   |   |   |   |   | (858,148) |   |   | (858,148) |
|  **Balance              September 30, 2006**                  | 15,534,064                                                                               |   | $ | 15,535 |   | $ | 947,536 |   | $ | (1,166,851) |   | $ | (203,780) |
|                                                               |                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **FREZER,                  INC.**                         |
|-----------------------------------------------------------|
| **(A                  Development Stage Company)**        |
| **Consolidated                  Statement of Cash Flows** |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        | **May                    2, 2005**   |   |
|---------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------|-----------|--------------------------------------|-----------|-------------------------------------------|-----------|--------------------------------------|----------|--------------------------------------|-------------|--------------------------------------|--------|
|                                                                      |                                                                                            |      | **Nine                    Months**   |      | **For                    the period**     |      | **Three                    Months**  |     | **Three                    Months**  |        | **(Inception)**                      |   |
|                                                                      |                                                                                            |      | **Ended**                            |      | **From                      May 2, 2005** |      | **Ended**                            |     | **Ended**                            |        | **through**                          |   |
|                                                                      |                                                                                            |      | **September                    30,** |      | **to                    September 30,**   |      | **September                    30,** |     | **September                    30,** |        | **September                    30,** |   |
|                                                                      |                                                                                            |      | **2006**                             |      | **2005**                                  |      | **2006**                             |     | **2005**                             |        | **2006**                             |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | **CASH                    FLOWS FROM OPERATING ACTIVITIES**                                     |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|  Net                  income (loss)                                  | $                                                                                               | (858,148) | $                                    | (112,456) | $                                         | (229,235) | $                                    | (91,171) | $                                    | (1,166,851) |                                 |
| Adjustments                    to reconcile net loss to net cash provided |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |
| (used                    in) by operating activities:                     |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |
|                                                                      | Stock                    issued for service                                                     |      | 219,750                              |      | —                                   |      | —                              |     | —                              |        | 231,937                              |   |
|                                                                      | Stock                    issued in lieu of compensation                                         |      |                                 |      | 1,000                                     |      | —                              |     | —                              |        | —                              |   |
|                                                                      | Depreciation                    expense                                                         |      | 1,180                                |      |                                      |      | 1,180                                |     |                                 |        | 1,180                                |   |
|                                                                      | Changes                    in operating assets and liabilities:                                 |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | (Increase)                    decrease in prepaid expenses                                      |      | (20,774)                             |      | —                                   |      | 36,538                               |     | —                              |        | (45,059)                             |   |
|                                                                      | Increase                    (decrease) in accounts payable                                      |      | 5,676                                |      | 69,221                                    |      | 1,675                                |     | 69,221                               |        | 12,459                               |   |
|                                                                      | Increase                    (decrease) in accrued payroll                                       |      | 2,665                                |      | —                                   |      | 124,000                              |     | —                              |        | 186,000                              |   |
|                                                                      | Increase                    (decrease) in accrued payroll taxes                                 |      | 224                                  |      | —                                   |      | (3,451)                              |     | —                              |        | 9,319                                |   |
|                                                                      | Increase                    (decrease) in accrued interest                                      |      | 671                                  |      |                                      |      | 671                                  |     |                                 |        | 671                                  |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | ***Net                    cash provided by (used in) operating                    activities*** | (648,756) |                                 | (42,235)  |                                      | (68,622)  |                                 | (21,950) |                                 | (770,344)   |                                 |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | **CASH                    FLOWS FROM INVESTING ACTIVITIES**                                     |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | Increase                    in deposit                                                          |      | (3,942)                              |      |                                      |      | (3,942)                              |     |                                 |        | (3,942)                              |   |
|                                                                      | Acquisition                    of property & equipment                                      |      |                                 |      | —                                   |      |                                 |     | —                              |        | (1,180)                              |   |
|                                                                      | (Increase)                    decrease in accounts receivable - related party                   |      | 10,000                               |      | —                                   |      | 20,099                               |     | —                              |        | —                              |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | ***Net                    cash provided by (used in) investing                    activities*** | 6,058     |                                 | —   |                                      | 16,157    |                                 | —  |                                 | (5,122)     |                                 |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | **CASH                    FLOWS FROM FINANCING ACTIVITIES**                                     |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | Increase                    in notes payable                                                    |      | 48,658                               |      |                                      |      | 48,658                               |     |                                 |        | 48,658                               |   |
|                                                                      | Common                    stock issued for accrued payroll                                      |      | 183,434                              |      |                                      |      | —                              |     |                                 |        | 183,434                              |   |
|                                                                      | Common                    stock issued for cash                                                 |      | 150,000                              |      | 50,200                                    |      | —                              |     | —                              |        | 547,700                              |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | ***Net                    cash provided by (used in) financing                    activities*** | 382,092   |                                 | 50,200    |                                      | 48,658    |                                 | —  |                                 | 779,792     |                                 |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | ***Net                    increase (decrease) in cash***                                        |      | (260,606)                            |      | 7,965                                     |      | (3,807)                              |     | (21,950)                             |        | 4,326                                |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | ***Cash                    at beginning of period***                                            |      | 264,932                              |      | —                                   |      | 8,133                                |     | 29,915                               |        | —                              |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | ***Cash                    at end of period***                                                  | $         | 4,326                                | $         | 7,965                                     | $         | 4,326                                | $        | 7,965                                | $           | 4,326                                |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | ***Supplemental                    cash flows disclosures:***                                   |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | Cash                    paid during period for interest                                         | $         | —                              | $         | —                                   | $         | —                              | $        |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | Cash                    paid during period for income taxes                                     | $         | —                              | $         | —                                   | $         | —                              | $        |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | ***Supplemental                    non-cash disclosures:***                                     |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | Note                    payable                                                                 | $         | —                              | $         | —                                   |      |                                 |     |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |
|                                                                      | Common                    stock issued for services                                             | $         | —                              | $         | —                                   |      |                                 |     |                                 |        |                                 |   |
|                                                                      |                                                                                            |      |                                 |      |                                      |      |                                 |     |                                 |        |                                 |   |

----

**NOTE      1. ORGANIZATION AND DESCRIPTION OF BUSINESS**

**NOTE      2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**NOTE      3. NOTES PAYABLE**

----

**NOTE      4. TRANSACTION WITH RELATED PARTY**

**NOTE      5. DESCRIPTION OF LEASING ARRANGEMENTS**

**NOTE      6. GOING CONCERN**

**NOTE      7. WARRANTS AND OPTIONS**

**NOTE      8. Common Stock**

----

**NOTE      9. INCOME TAXES**

| As                of September 30, 2006         |   |   |                    |
|-------------------------------------------------|--------|--------|-------------------------|
|                                            |   |   |                    |
| Deferred                tax assets:             |   |   |                    |
| Net                operating tax carry forwards |   | $      | 396,729                 |   |
| Other                                           |   |   | -0-                     |   |
| Gross                deferred tax assets        |   |   | 396,                729 |   |
| Valuation                allowance              |   |   | (396,729                | ) |
|                                            |   |   |                    |   |
| Net                deferred tax assets          |   | $      | -0-                     |   |

**NOTE      10. SCHEDULE OF NET OPERATING LOSSES**

| 2005                Net Operating Loss               |   | $      | 308,703   |   |
|------------------------------------------------------|--------|--------|-----------|--------|
| 2006                Net Operating Loss (nine months) |   |   | 858,148   |   |
|                                                 |   |   |      |   |
| Net                Operating Loss                    |   | $      | 1,166,851 |   |

**Item      2. Management's Discussion and Analysis of Financial Condition and Results      of      Operations**

*The      following discussion and analysis should be read in conjunction with the      unaudited financial statements and notes thereto included in Part I - Item      1 of      this report, and the audited financial statements and notes thereto contained      in      our Form 10KSB, as amended, previously filed with the Commission.      Statements in this report relating to future plans, projections, events or      conditions are forward-looking statements. Such statements are subject to risks      and uncertainties that could cause actual results to differ materially from      those described. Frezer, Inc. expressly disclaims any obligation or undertaking      to update these statements in the future.*

*All      references to “We” ,“Our” or “Us” refer to Frezer, Inc.*

**Results      of Operations**

**Three      Month Period Ending September 30, 2006**

----

**Plan      of Operation.**

**Liquidity      and Capital Resources**

**Item 3.   CONTROLS      AND PROCEDURES**

----

**Part      II**

**Item      1: Legal Proceedings**

**Item      2.   Unregistered Sales of Equity Securities and Use of      Proceeds**

None

**Item      3.   Defaults Upon Senior Securities**

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

**Item      5.   Other Information**

dollars      from an unaffiliated third party. In consideration of this loan, we issued      the      lender a $25000 Note carrying simple interest at 10%. This Note is due and      payable, with accrued interest, on August 13, 2007.

----

| Principal                Amount |   | Due                Date            |
|---------------------------------|--------|------------------------------------|
| $6,440                          |   | Due                July 6, 2007    |
| $3,700                          |   | Due                July 16,2007    |
| $500                            |   | Due                August 14,2007  |
| $6,792                          |   | Due                August 24, 2007 |
| $4,951                          |   | Due                August 30,2007  |
| $1,275                          |   | Due                Sept 7, 2007    |

**Item      6.   Exhibits**

| 31.1 | Certification                of Chief Executive Officer                                                                               |
|------|--------------------------------------------------------------------------------------------------------------------------------------------|
| 31.2 | Certification                of Acting Chief Financial Officer                                                                             |
| 32.1 | Certification                of Chief Executive Officer under Section 906 of the Sarbanes-Oxley                Act of                2002. |
| 32.2 | Certification                of Acting Chief Financial Officer under Section 906 of the Sarbanes-Oxley                Act of 2002.         |
| 10.1 | Note                Payable to Dermatex dated August 14, 2006                                                                              |
| 10.2 | Note                Payable to Bio Technologies Business Partners Trust dated July 3,                2006                                  |

|   | FREZER,              INC., a Nevada corporation |
|--------|-------------------------------------------------|
|   | By:                                             |  /s/                David R. Koos |
|   |                                            | David                R. Koos |
|   |                                            | Chief                Executive Officer |
|   |                                            | Date:                November 14, 2007 |