| Nevada                                           |   | 02-2777600                                             |
|--------------------------------------------------|--------|--------------------------------------------------------|
| (State                or other jurisdiction      |   | (I.R.S.                Employer Identification Number) |
| of                incorporation or organization) |   |                                                   |

| Large accelerated filer |                   ̈ | Accelerated filer              |   ̈ |
|-----------------------------------|------------------------------|-------------------------------------|--------------|
| Non-accelerated filer        |                   ̈ | Smaller reporting company |  x      |

----

** **

----

**FREZER,      INC.**

**-      INDEX -**

|                                                            |                                                                                                                                                                                                                                                                        |   | Page                                                                                   |
|-----------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|
| **PART                  I – FINANCIAL INFORMATION:** |                                                                                                                                                                                                                                                                        |   |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  1.                                        | Financial                  Statements:                                                                                                                                                                                                                                      |   | 1                                                                                 |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
|                                                            | Balance                  Sheets as of June 30, 2008 (Unaudited) and December 31,                  2007                                                                                                                                                                      |   | 2                                                                                 |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
|                                                            | Statements                  of Operations for the Three and Six Months Ended June 30, 2008                  and 2007                  (Unaudited) and for the Cumulative Period from May 2, 2005 (Inception)                  to                  June 30, 2008 (Unaudited) |   | 3                                                                                 |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
|                                                            | Statement                  of Changes in Stockholders’ Equity (Deficit) for the Cumulative Period                  from May 2, 2005 (Inception) to June 30, 2008 (Unaudited)                                                                                          |   |                             4   |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
|                                                            | Statements                  of Cash Flows for the Six Months Ended June 30, 2008 and 2007 (Unaudited)                  and for the Cumulative Period from May 2, 2005 (Inception) to June                  30,                  2008 (Unaudited)                            |   | 6                                                                                 |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
|                                                            | Notes                  to Financial Statements (Unaudited)                                                                                                                                                                                                                  |   | 7                                                                                 |
|                                                       |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  2.                                        | Management’s                  Discussion and Analysis of Financial Condition and Results of                  Operations                                                                                                                                               |   | 14                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  3.                                        | Quantitative                  and Qualitative Disclosures About Market Risk                                                                                                                                                                                                 |   | 16                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  4T.                                       | Controls                  and Procedures                                                                                                                                                                                                                                    |   | 16                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| **PART                  II – OTHER INFORMATION**:         |                                                                                                                                                                                                                                                                        |   |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  1.                                        | Legal                  Proceedings                                                                                                                                                                                                                                          |   | 17                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  1A.                                       | Risk                  Factors                                                                                                                                                                                                                                               |   | 17                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  2.                                        | Unregistered                  Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                                |   | 17                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  3.                                        | Defaults                  Upon Senior Securities                                                                                                                                                                                                                            |   | 17                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  4.                                        | Submission                  of Matters to a Vote of Security Holders                                                                                                                                                                                                        |   | 17                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  5.                                        | Other                  Information                                                                                                                                                                                                                                          |   | 17                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Item                  6.                                        | Exhibits                                                                                                                                                                                                                                                                    |   | 18                                                                                     |
|                                                            |                                                                                                                                                                                                                                                                        |   |                                                                                   |
| Signatures                                                      |                                                                                                                                                                                                                                                                        |   | 19                                                                                     |

----

**PART      I – FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

----

**Frezer,      Inc.**

**(A      Development Stage Company)**

**Balance      Sheets **

----

|                                                                                                                                                                            |   | **June 30,** |       | **December 31,** |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|-----------------------|--------|
|                                                                                                                                                                            |   | **2008**          |       | **2007**              |   |
|                                                                                                                                                                            |   | **(Unaudited)**   |       |                  |   |
|                                                                                                                                                                            |   |              |       |                  |   |
| **Assets**                                                                                                                                                                      |   |              |       |                  |   |   |   |
|                                                                                                                                                                            |   |              |       |                  |   |   |   |
| Current                assets                                                                                                                                                   |   |              |       |                  |   |   |   |
| Cash                and cash equivalents                                                                                                                                        |   | $                 | 7,511      |                  | $      | 5,775 |   |
|                                                                                                                                                                            |   |              |       |                  |   |   |   |
| Total                current assets                                                                                                                                             |   |              | 7,511      |                  |   | 5,775 |   |
|                                                                                                                                                                            |   |              |       |                  |   |   |   |
| Total                assets                                                                                                                                                     |   | $                 | 7,511      |                  | $      | 5,775 |   |
|                                                                                                                                                                            |   |              |       |                  |   |   |   |
| **Liabilities                and Stockholders' Equity (Deficit)**                                                                                                               |   |              |       |                  |   |   |   |
|                                                                                                                                                                            |   |              |       |                  |   |   |   |
| Current                liabilities                                                                                                                                              |   |              |       |                  |   |   |   |
| Accrued                expenses                                                                                                                                                 |   | $                 | 14,027     |                  | $      | 3,000 |   |
| Note                payable and accrued interest due to related party                                                                                                           |   |              | 20,189     |                  |   | - |   |
|                                                                                                                                                                            |   |              |       |                  |   |   |   |
| Total                current liabilities                                                                                                                                        |   |              | 34,216     |                  |   | 3,000 |   |
|                                                                                                                                                                            |   |              |       |                  |   |   |   |
| Stockholders'                Equity (Deficit)                                                                                                                                   |   |              |       |                  |   |   |   |
| Preferred                stock, $0.001 par value; 10,000,000 shares authorized; no shares                issued or                outstanding                                   |   |              | -          |                  |   | - |   |
| Common                stock, $0.001 par value; 200,000,000 shares authorized; 4,238,407                and                4,141,704 shares issued and outstanding, respectively |   |              | 4,238      |                  |   | 4,142 |   |
| Additional                paid-in capital                                                                                                                                       |   |              | 1,631,833  |                  |   | 1,631,929 |   |
| (Deficit)                accumulated during the development stage                                                                                                               |   |              | (1,662,776 | )                     |   | (1,633,296 | ) |
|                                                                                                                                                                            |   |              |       |                  |   |   |   |
| Total                stockholders' equity (deficit)                                                                                                                             |   |              | (26,705    | )                     |   | 2,775 |   |
|                                                                                                                                                                            |   |              |       |                  |   |   |   |
| Total                liabilities and stockholders' equity (deficit)                                                                                                             |   | $                 | 7,511      |                  | $      | 5,775 |   |

----

**Frezer,      Inc.**

**(A      Development Stage Company)**

**Statements      of Operations **

----

|                                                                                               |   |                             |      |                           |   |                      |    |            |      | **Cumulative**              |   |
|----------------------------------------------------------------------------------------------------|--------|----------------------------------|-----------|--------------------------------|--------|---------------------------|---------|-----------------|-----------|-----------------------------|--------|
|                                                                                               |   |                             |      |                           |   |                      |    |            |      | **Period From**        |   |
|                                                                                               |   | **Three Months Ended** |      | **Six Months Ended** |   | **May 2, 2005** |    |
|                                                                                               |   | **June 30,**                |      | **June 30,**              |   | **(Inception) To**   |    |
|                                                                                               |   | **2008**                         |      | **2007**                       |   | **2008**                  |    | **2007**        |      | **June 30, 2008** |   |
|                                                                                               |   | **(Unaudited)**                  |      | **(Unaudited)**                |   | **(Unaudited)**           |    | **(Unaudited)** |      | **(Unaudited)**             |   |
|                                                                                               |   |                             |      |                           |   |                      |    |            |      |                        |   |
| Revenue                                                                                            |   | $                                | -         |                           | $      | -                         |    | $               | -         |                        | $      | - |   | $ | - |   |
|                                                                                               |   |                             |      |                           |   |                      |    |            |      |                        |   |   |   |   |   |   |
| Operating                expenses                                                                  |   |                             |      |                           |   |                      |    |            |      |                        |   |   |   |   |   |   |
| Research                and development                                                            |   |                             | -         |                           |   | -                         |    |            | -         |                        |   | - |   |   | 392,412 |   |
| General                and administrative                                                          |   |                             | 11,444    |                           |   | 14,593                    |    |            | 29,291    |                        |   | 170,491 |   |   | 1,186,889 |   |
|                                                                                               |   |                             |      |                           |   |                      |    |            |      |                        |   |   |   |   |   |   |
| Total                operating expenses                                                            |   |                             | 11,444    |                           |   | 14,593                    |    |            | 29,291    |                        |   | 170,491 |   |   | 1,579,301 |   |
|                                                                                               |   |                             |      |                           |   |                      |    |            |      |                        |   |   |   |   |   |   |
| Loss                from operations                                                                |   |                             | (11,444   | )                              |   | (14,593                   | )       |            | (29,291   | )                           |   | (170,491 | ) |   | (1,579,301 | ) |
|                                                                                               |   |                             |      |                           |   |                      |    |            |      |                        |   |   |   |   |   |   |
| Other                income (expense)                                                              |   |                             |      |                           |   |                      |    |            |      |                        |   |   |   |   |   |   |
| Interest                income                                                                     |   |                             | -         |                           |   | -                         |    |            | -         |                        |   | - |   |   | 2,802 |   |
| Interest                (expense)                                                                  |   |                             | (189      | )                              |   | -                         |    |            | (189      | )                           |   | (3,659 | ) |   | (6,635 | ) |
| Other                income                                                                        |   |                             | -         |                           |   | -                         |    |            | -         |                        |   | 309,623 |   |   | 311,884 |   |
| Other                (expense)                                                                     |   |                             | -         |                           |   | -                         |    |            | -         |                        |   | (391,526 | ) |   | (391,526 | ) |
|                                                                                               |   |                             |      |                           |   |                      |    |            |      |                        |   |   |   |   |   |   |
| Net                (loss)                                                                          |   | $                                | (11,633   | )                              | $      | (14,593                   | )       | $               | (29,480   | )                           | $      | (256,053 | ) | $ | (1,662,776 | ) |
|                                                                                               |   |                             |      |                           |   |                      |    |            |      |                        |   |   |   |   |   |   |
| Net                (loss) per share - basic and diluted                                            |   |                             | NIL       | *                         |   | NIL                       | *  | $               | (.01      | )                           | $      | (.07 | ) |   |   |   |
|                                                                                               |   |                             |      |                           |   |                      |    |            |      |                        |   |   |   |   |   |   |
| Weighted                average number of shares of outstanding - basic and                diluted |   |                             | 4,212,933 |                           |   | 4,141,703                 |    |            | 4,200,000 |                        |   | 3,451,123 |   |   |   |   |

----

**Frezer,      Inc.**

**(A      Development Stage Company)**

**Statement      of Changes In Stockholders’ Equity (Deficit)**

**For      the Cumulative Period From May 2, 2005 (Inception) to June 30, 2008 (Unaudited)      **

----

|                                                                                                                                   |   |                  |      |           |   | **Deficit**         |   |              |      |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|-----------|----------------|--------|---------------------|--------|-------------------|-----------|
|                                                                                                                                   |   |                  |      |           |   | **Accumulated**     |   |              |      |
|                                                                                                                                   |   |                  |      | **Additional** |   | **during the** |   | **Total**         |      |
|                                                                                                                                   |   | **Common Stock** |      | **Paid-In**    |   | **Development**     |   | **Stockholders'** |      |
|                                                                                                                                   |   | **Shares**            |      | **Amount**     |   | **Capital**         |   | **Stage**         |      | **Equity (Deficit)** |   |
|                                                                                                                                   |   |                  |      |           |   |                |   |              |      |   |   |
| **Balances                at May 2, 2005**                                                                                             |   |                  | -         |           | $      | -                   |   | $                 | -         |   | $ | - |   | $ | - |   |
| Issuance                of common stock for cash and services rendered at $0.17 per share                on May                4, 2005 |   |                  | 296,766   |           |   | 297                 |   |              | 49,903    |   |   | - |   |   | 50,200 |   |
| Issuance                of common stock for services rendered at $0.20 per share on May 4,                2005                         |   |                  | 5,000     |           |   | 5                   |   |              | 995       |   |   | - |   |   | 1,000 |   |
| Issuance                of common stock for cash at $3.00 per share on November 10,                2005                                |   |                  | 82,500    |           |   | 82                  |   |              | 247,418   |   |   | - |   |   | 247,500 |   |
| Issuance                of common stock for cash at $6.00 per share on November 23,                2005                                |   |                  | 16,667    |           |   | 17                  |   |              | 99,983    |   |   | - |   |   | 100,000 |   |
| Issuance                of common stock for services rendered at $3.86 per share on December                10,                2005    |   |                  | 2,896     |           |   | 3                   |   |              | 11,184    |   |   | - |   |   | 11,187 |   |
| Net                (loss)                                                                                                              |   |                  | -         |           |   | -                   |   |              | -         |   |   | (308,703 | ) |   | (308,703 | ) |
| **Balances                at December 31, 2005**                                                                                       |   |                  | 403,829   |           | $      | 404                 |   | $                 | 409,483   |   | $ | (308,703 | ) | $ | 101,184 |   |
|                                                                                                                                   |   |                  |      |           |   |                |   |              |      |   |   |   |   |   |   |   |
| Issuance                of common stock for cash at $6.00 per share on February 23,                2006                                |   |                  | 25,000    |           |   | 25                  |   |              | 149,975   |   |   | - |   |   | 150,000 |   |
| Issuance                of common stock for services rendered at $2.00 per share on February                23,                2006    |   |                  | 9,375     |           |   | 9                   |   |              | 18,741    |   |   | - |   |   | 18,750 |   |
| Issuance                of common stock for services rendered at $0.60 per share on March                16,                2006       |   |                  | 305,000   |           |   | 305                 |   |              | 183,129   |   |   | - |   |   | 183,434 |   |
| Issuance                of common stock for services rendered at $6.00 per share on May 23,                2006                        |   |                  | 33,500    |           |   | 34                  |   |              | 200,966   |   |   | - |   |   | 201,000 |   |
| Issuance                of common stock in lieu of compensation at $0.81 per share on December                21,                2006  |   |                  | 372,000   |           |   | 372                 |   |              | 299,628   |   |   | - |   |   | 300,000 |   |
| Net                (loss)                                                                                                              |   |                  | -         |           |   | -                   |   |              | -         |   |   | (1,045,988 | ) |   | (1,045,988 | ) |
| **Balances                at December 31, 2006**                                                                                       |   |                  | 1,148,704 |           | $      | 1,149               |   | $                 | 1,261,922 |   | $ | (1,354,691 | ) | $ | (91,620 | ) |

----

**Frezer,      Inc.**

**(A      Development Stage Company)**

**Statement      of Changes In Stockholders’ Equity (Deficit)**

**For      the Cumulative Period From May 2, 2005 (Inception) to June 30, 2008 (Unaudited)      **

----

|                                                                                                                                                                                                                                     |   |                  |      |           |   | **Deficit**         |   |              |      |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|-----------|----------------|--------|---------------------|--------|-------------------|-----------|
|                                                                                                                                                                                                                                     |   |                  |      |           |   | **Accumulated**     |   |              |      |
|                                                                                                                                                                                                                                     |   |                  |      | **Additional** |   | **during the** |   | **Total**         |      |
|                                                                                                                                                                                                                                     |   | **Common Stock** |      | **Paid-In**    |   | **Development**     |   | **Stockholders'** |      |
|                                                                                                                                                                                                                                     |   | **Shares**            |      | **Amount**     |   | **Capital**         |   | **Stage**         |      | **Equity (Deficit)** |   |
|                                                                                                                                                                                                                                     |   |                  |      |           |   |                |   |              |      |   |   |
| **Balances                at December 31, 2006**                                                                                                                                                                                         |   |                  | 1,148,704 |           | $      | 1,149               |   | $                 | 1,261,922 |   | $ | (1,354,691 | ) | $ | (91,620 | ) |
|                                                                                                                                                                                                                                     |   |                  |      |           |   |                |   |              |      |   |   |   |   |   |   |   |
| Return                of common stock originally issued on December 21, 2006 in lieu of                compensation on January 26, 2007                                                                                                  |   |                  | (372,000  | )              |   | (372                | )      |              | (299,628  | ) |   | - |   |   | (300,000 | ) |
| Issuance                of common stock for cash at $0.20 per share on February 9,                2007                                                                                                                                   |   |                  | 3,195,000 |           |   | 3,195               |   |              | 635,805   |   |   | - |   |   | 639,000 |   |
| Issuance                of common stock for services rendered at $0.20 per share on February                27,                2007                                                                                                      |   |                  | 170,000   |           |   | 170                 |   |              | 33,830    |   |   | - |   |   | 34,000 |   |
| Net                (loss)                                                                                                                                                                                                                |   |                  | -         |           |   | -                   |   |              | -         |   |   | (278,605 | ) |   | (278,605 | ) |
| **Balances                at December 31, 2007**                                                                                                                                                                                         |   |                  | 4,141,704 |           | $      | 4,142               |   | $                 | 1,631,929 |   | $ | (1,633,296 | ) | $ | 2,775 |   |
|                                                                                                                                                                                                                                     |   |                  |      |           |   |                |   |              |      |   |   |   |   |   |   |   |
| Issuance                of common stock associated with 1 for 20 reverse stock split (round-up                of                fractional shares) during the period January 10, 2008 through May                21,                2008 |   |                  | 96,703    |           |   | 96                  |   |              | (96       | ) |   | - |   |   | - |   |
| Net                (loss)                                                                                                                                                                                                                |   |                  | -         |           |   | -                   |   |              | -         |   |   | (29,480 | ) |   | (29,480 | ) |
| **Balances                at June 30, 2008**                                                                                                                                                                                             |   |                  | 4,238,407 |           | $      | 4,238               |   | $                 | 1,631,832 |   | $ | (1,662,776 | ) | $ | (26,705 | ) |

----

**Frezer,      Inc.**

**(A      Development Stage Company)**

**Statements      of Cash Flows **

----

|                                                                                                          |   |                           |    |                      |   | **Cumulative **        |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|---------------------------|--------|-----------------------------|--------|
|                                                                                                          |   |                           |    |                      |   | **Period From**        |   |
|                                                                                                          |   | **Six Months Ended** |    | **May 2, 2005** |   |
|                                                                                                          |   | **June 30,**              |    | **(Inception) To**   |   |
|                                                                                                          |   | **2008**                       |    | **2007**                  |   | **June 30, 2008** |   |
|                                                                                                          |   | **(Unaudited)**                |    | **(Unaudited)**           |   | **(Unaudited)**             |   |
| **Cash                Flows From Operating Activities**                                                       |   |                           |    |                      |   |                        |   |   |   |   |
| Net                (loss)                                                                                     |   | $                              | (29,480 | )                         | $      | (256,053                    | )      | $ | (1,662,776 | ) |
| Adjustments                to reconcile net (loss) to net cash (used in) operating                activities: |   |                           |    |                      |   |                        |   |   |   |   |
| Common                stock issued for services                                                               |   |                           | -       |                      |   | 34,000                      |   |   | 265,937 |   |
| Reversal                of accrued payroll and other liabilities                                              |   |                           | -       |                      |   | (309,623                    | )      |   | (309,623 | ) |
| Write-off                of prepaid expenses and other assets                                                 |   |                           | -       |                      |   | 14,775                      |   |   | 14,775 |   |
| Depreciation                expense                                                                           |   |                           | -       |                      |   | -                           |   |   | 1,180 |   |
| Changes                in operating assets and liabilities:                                                   |   |                           |    |                      |   |                        |   |   |   |   |
| Restricted                cash                                                                                |   |                           | -       |                      |   | -                           |   |   | - |   |
| Prepaid                expenses and other assets                                                              |   |                           | -       |                      |   | -                           |   |   | (10,834 | ) |
| Accounts                payable                                                                               |   |                           | -       |                      |   | (1,090                      | )      |   | 3,457 |   |
| Accrued                expenses                                                                               |   |                           | 11,027  |                      |   | (1,210                      | )      |   | 20,194 |   |
| Accrued                interest                                                                               |   |                           | 189     |                      |   | (2,557                      | )      |   | 189 |   |
|                                                                                                          |   |                           |    |                      |   |                        |   |   |   |   |
| Net                cash provided by (used in) operating activities                                            |   |                           | (18,264 | )                         |   | (521,758                    | )      |   | (1,677,501 | ) |
|                                                                                                          |   |                           |    |                      |   |                        |   |   |   |   |
| **Cash                Flows From Investing Activities**                                                       |   |                           |    |                      |   |                        |   |   |   |   |
| Purchase                of property and equipment                                                             |   |                           | -       |                      |   | -                           |   |   | (1,180 | ) |
| Increase                in deposit                                                                            |   |                           | -       |                      |   | -                           |   |   | (3,942 | ) |
|                                                                                                          |   |                           |    |                      |   |                        |   |   |   |   |
| Net                cash provided by (used in) investing activities                                            |   |                           | -       |                      |   | -                           |   |   | (5,122 | ) |
|                                                                                                          |   |                           |    |                      |   |                        |   |   |   |   |
| **Cash                Flows From Financing Activities**                                                       |   |                           |    |                      |   |                        |   |   |   |   |
| Proceeds                from borrowings on notes payable                                                      |   |                           | 20,000  |                      |   | 9,998                       |   |   | 116,143 |   |
| Repayment                of notes payable                                                                     |   |                           | -       |                      |   | (96,143                     | )      |   | (96,143 | ) |
| Proceeds                from issuance of common stock                                                         |   |                           | -       |                      |   | 639,000                     |   |   | 1,186,700 |   |
| Common                stock issued for accrued payroll                                                        |   |                           | -       |                      |   | -                           |   |   | 483,434 |   |
|                                                                                                          |   |                           |    |                      |   |                        |   |   |   |   |
| Net                cash provided by financing activities                                                      |   |                           | 20,000  |                      |   | 552,855                     |   |   | 1,690,134 |   |
|                                                                                                          |   |                           |    |                      |   |                        |   |   |   |   |
| Net                increase (decrease) in cash and cash equivalents                                           |   |                           | 1,736   |                      |   | 31,097                      |   |   | 7,511 |   |
|                                                                                                          |   |                           |    |                      |   |                        |   |   |   |   |
| Cash                and cash equivalents, beginning of period                                                 |   |                           | 5,775   |                      |   | 230                         |   |   | - |   |
|                                                                                                          |   |                           |    |                      |   |                        |   |   |   |   |
| Cash                and cash equivalents, end of period                                                       |   | $                              | 7,511   |                      | $      | 31,327                      |   | $ | 7,511 |   |
|                                                                                                          |   |                           |    |                      |   |                        |   |   |   |   |
| **Supplemental                Disclosure of Cash Flow Information**                                           |   |                           |    |                      |   |                        |   |   |   |   |
| Cash                paid for interest                                                                         |   | $                              | -       |                      | $      | 6,216                       |   | $ | 6,216 |   |
| **Supplemental                Disclosure of Non-Cash Financing Transactions**                                 |   |                           |    |                      |   |                        |   |   |   |   |
| Return                of common stock issued in lieu of compensation                                          |   | $                              | -       |                      | $      | 300,000                     |   | $ | 300,000 |   |

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**Frezer,      Inc.**

**(A      Development Stage Company)**

**Notes      to Financial Statements**

**June      30, 2008 **

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| **1.** | **Basis                of Presentation and                Organization** |
|--------|--------------------------------------------------------------------------|

**Organization      and Business**

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**Frezer,      Inc.**

**(A      Development Stage Company)**

**Notes      to Financial Statements**

**June      30, 2008 **

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**Basis      of Presentation**

**Going      Concern**

| **2.** | **Summary                of Significant Accounting                Policies** |
|--------|------------------------------------------------------------------------------|

**Use      of Estimates**

**Income      Taxes**

----

**Frezer,      Inc.**

**(A      Development Stage Company)**

**Notes      to Financial Statements**

**June      30, 2008 **

----

**Cash      and Cash Equivalents**

**Fair      Value of Financial Instruments**

**Net      Loss Per Share**

**Comprehensive      Loss**

**Recently      Issued Accounting Pronouncements**

| **3.** | **Change                of Control** |
|--------|--------------------------------------|

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**Frezer,      Inc.**

**(A      Development Stage Company)**

**Notes      to Financial Statements**

**June      30, 2008 **

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**Frezer,      Inc.**

**(A      Development Stage Company)**

**Notes      to Financial Statements**

**June      30, 2008 **

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| **4.** | **Notes                Payable** |
|--------|----------------------------------|

On      July      3, 2006, the Company established a Line of Credit Promissory Note Agreement      for      $50,000 with Bio Technology Business Partners Trust. The unpaid principal of      this line of credit bears simple interest at a rate of 10% per annum. As of      December 31, 2006, there had been ten advances under this credit line totaling      $32,675.70. Amounts advanced under this credit line are due and payable on      a      date that is 365 days from each advance.

| **5.** | **Stockholders’                Equity (Deficit)** |
|--------|---------------------------------------------------------|

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**Frezer,      Inc.**

**(A      Development Stage Company)**

**Notes      to Financial Statements**

**June      30, 2008 **

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| **6.** | **Related                Party Transactions** |
|--------|-----------------------------------------------|

**Management      Agreement**

**Note      Payable**

----

**Frezer,      Inc.**

**(A      Development Stage Company)**

**Notes      to Financial Statements**

**June      30, 2008 **

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**Other**

| **7.** | **Letter                Of Intent** |
|--------|-------------------------------------|

| **8.** | **Income                Taxes** |
|--------|---------------------------------|

|                                            |   | **June 30,** |     | **December 31,** |   |
|-------------------------------------------------|--------|-------------------|----------|-----------------------|--------|
|                                            |   | **2008**          |     | **2007**              |   |
|                                            |   | **(Unaudited)**   |     |                  |   |
| **Assets**                                      |   |              |     |                  |   |   |   |
| Net                Operating tax carry forwards |   | $                 | 565,344  |                  | $      | 555,321 |   |
| Gross                deferred tax asset         |   |              | 565,344  |                  |   | 555,321 |   |
| Valuation                allowance              |   |              | (565,344 | )                     |   | (555,321 | ) |
| Net                deferred tax asset           |   | $                 | -        |                  | $      | - |   |

|                                                             |   | **June 30,** |     | **December 31,** |   |
|------------------------------------------------------------------|--------|-------------------|----------|-----------------------|--------|
|                                                             |   | **2008**          |     | **2007**              |   |
|                                                             |   | **(Unaudited)**   |     |                  |   |
|                                                             |   |              |     |                  |   |
| U.S.                federal income tax benefit at statutory rate |   | $                 | (565,344 | )                     | $      | (555,321 | ) |
| Change                in valuation allowance                     |   |              | 565,344  |                  |   | 555,321 |   |
| Benefit                from income taxes                         |   | $                 | -        |                  | $      | - |   |

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

***Forward      Looking Statement Notice***

***Description      of Business***

***Proposed      Merger***

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***Liquidity      and Capital Resources***

|                                                      |   | For theSix Months EndedJune 30, 2008 |    | For theSix Months EndedJune 30, 2007 |   | For the CumulativePeriod fromMay 2, 2005 (Inception) toJune 30, 2008 |   |
|-----------------------------------------------------------|--------|---------------------------------------------------------------|---------|---------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------|--------|
| Net cash                used in operating activities |   | $                                                             | (18,264 | )                                                             | $      | (521,758                                                                                                          | )      | $ | (1,677,501 | ) |
| Net                cash used in investing activities      |   | $                                                             | 0       |                                                          | $      | 0                                                                                                                 |   | $ | (5,122 | ) |
| Net                cash provided by financing activities  |   | $                                                             | 20,000  |                                                          | $      | 552,855                                                                                                           |   | $ | 1,690,134 |   |
| Net                increase in cash and cash equivalents  |   | $                                                             | 1,736   |                                                          | $      | 31,097                                                                                                            |   | $ | 7,511 |   |

***Results      of Operations***

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***Off-Balance      Sheet Arrangements***
** **

** **

***Contractual      Obligations***

**Item      3. Quantitative and Qualitative Disclosures About Market      Risk.**

**Item      4T. Controls and Procedures.**

***Evaluation      of Disclosure Controls and Procedures***

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***Changes      in Internal Controls***

**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      1A. Risk Factors.**

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

**Item      3. Defaults Upon Senior Securities.**

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

**Item      5. Other Information.**

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**Item      6. Exhibits.**

| Exhibit |   | Description                                                                                                                                                                                                                                                                                                                                      |
|---------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                                                                                                                             |
| *3.1    |   | Certificate                of Incorporation.                                                                                                                                                                                                                                                                                                     |
|    |   |                                                                                                                                                                                                                                                                                                                                             |
| **3.2   |   | Certificate                of Amendment of Articles of Incorporation.                                                                                                                                                                                                                                                                            |
|    |   |                                                                                                                                                                                                                                                                                                                                             |
| *3.3    |   | By-Laws.                                                                                                                                                                                                                                                                                                                                         |
|    |   |                                                                                                                                                                                                                                                                                                                                             |
| ***4.1  |   | Promissory                Note issued to Vero Management, LLC, dated April 23,                2008.                                                                                                                                                                                                                                              |
|    |   |                                                                                                                                                                                                                                                                                                                                             |
| 31.1    |   | Certification                of the Company’s Principal Executive Officer and Principal Financial                Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,                with                respect to the registrant’s Quarterly Report on Form 10-Q for the quarter                ended June 30, 2008. |
|    |   |                                                                                                                                                                                                                                                                                                                                             |
| 32.1    |   | Certification                of the Company’s Principal Executive Officer and Principal Financial                Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to                Section                906 of the Sarbanes-Oxley Act of                2002.                                                            |

| * | Filed                as an exhibit to the Company’s Registration Statement on Form 10-SB, as                filed with the Securities and Exchange Commission on June 1, 2005                and                incorporated herein by this                reference. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ** | Filed                as an exhibit to the Company’s Current Report on Form 8-K, as filed with                the Securities and Exchange Commission on April 16, 2007 and incorporated                herein by this reference. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| *** | Filed                as an exhibit to the Company's Current Report on Form 8-K, as filed                with                the Securities and Exchange Commission on April 29, 2008, and incorporated                herein by this reference. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

| Dated:                August 8, 2008 | **FREZER,                INC.** |
|--------------------------------------|---------------------------------|
|                                 |                            |   |
|                                 |                            |   |
|                                 | By:                             | /s/                Kevin R. Keating |
|                                 |                            | Kevin                R. Keating |
|                                 |                            | President,                Secretary and Director |

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