FORM
10-QSB

SECURITIES
AND EXCHANGE COMMISSION

Washington, D.C. 20549

|(Mark One) |  |                                                                                             
|---------- |  | --------------------------------------------------------------------------------------------
|[X]        |  | QUARTERLY REPORT PURSUANT TO SECTION 13 OR
				15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For
the quarterly period ended September 30, 2007

OR

|[] |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR
				15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
|-- |  | ---------------------------------------------------------------------------------------------

For
the transition period fromto

Commission
File No.  000-50898

INVERSO
CORP.



(Exact name of
registrant as specified in its charter)

|                                                                  |  |                                        
|----------------------------------------------------------------- |  | ---------------------------------------
|Delaware                                                          |  | 34-1996527                             
|                                                                 
|(State or other jurisdiction
				ofincorporation or organization) |  | (I.R.S.
				EmployerIdentification No.)
|                                                                  |  |                                        
|155 Revere Drive, Suite 10
				Northbrook, Illinois               |  | 60062                                  
|33----dddd33                                                     
|(Address of principal executive
				office)                       |  | (Zip Code)                             
|                                                                  |  |                                        
|Registrant’s telephone
				number, including area code:           |  | (847) 291-7711                         
|                                                                  |  |                                        



Former name, former
address and former fiscal year, if changed since last report.

Indicate
by a check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes
[X]No [ ]

Indicate
by a check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act).

Yes
[ ]     No [X]

APPLICABLE
ONLY TO CORPORATE ISSUERS:

Indicate
the number of shares outstanding of each of the issuer’s
classes of Common Stock as of the latest practicable date:

13,500,000
shares of Common Stock, $0.000001 par value as of September 30, 2007

Page
1

INDEX

### PART I. – FINANCIAL
INFORMATION

### PART I. – FINANCIAL
INFORMATION

Item 1.
Financial Statements

Condensed
Consolidated Balance Sheet as of September 30, 2007 and June 30, 2007
(unaudited)

Condensed
Consolidated Statement of Income for the Three Months Ended September
30, 2007, and from May 28, 2004 (inception) to June 30, 2007
(unaudited)

Condensed
Consolidated Statements of Cash Flows for the Three Months Ended
September 30, 2007, and from May 28, 2004 (inception), to June 30,
2007 (unaudited)

Statement
of Changes in Stockholders’ Equity (Deficit) for the period May
28, 2004 (inception), to September 30, 2007 (unaudited)

Notes
to Interim Financial Statements as of September 30, 2007 (unaudited)

Item
2	Management’s Discussion and Analysis or Plan of Operations

Item
3	Controls and Procedures



PART
II. – OTHER INFORMATION

Item
1	Legal Proceedings

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

Item
6	Exhibits and reports on Form 8-K

Page
2









PART I. FINANCIAL INFORMATION



INDEX TO FINANCIAL STATEMENTS





Balance Sheets	F-1



Statements of Operations	F-2



Statements of Cash Flows	F-3



Statement of Changes in
Stockholders’ Equity (Deficit)........................................
       F-4



Notes to Financial Statements	F-5













Page
3

PART I. FINANCIAL INFORMATION



Item 1.
Financial Statements



Item
1A.



CAUTIONARY NOTE
REGARDING FORWARD-LOOKING STATEMENTS



Certain statements in this quarterly
report on Form 10-QSB contain or may contain forward-looking
statements that are subject to known and unknown risks, uncertainties
and other factors which may cause actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. These forward-looking statements were
based on various factors and were derived utilizing numerous
assumptions and other factors that could cause our actual results to
differ materially from those in the forward-looking statements. These
factors include, but are not limited to, economic, political and
market conditions and fluctuations, government and industry
regulation, interest rate risk, U.S. and global competition, and
other factors. Most of these factors are difficult to predict
accurately and are generally beyond our control. You should consider
the areas of risk described in connection with any forward-looking
statements that may be made herein. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date of this report. Readers should carefully review
this quarterly report in its entirety, including but not limited to
our financial statements and the notes thereto. Except for our
ongoing obligations to disclose material information under the
Federal securities laws, we undertake no obligation to release
publicly any revisions to any forward-looking statements, to report
events or to report the occurrence of unanticipated events. For any
forward-looking statements contained in any document, we claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.



RISK
FACTORS



On
September 25, 2006, we closed on the acquisition of Hydrogenesis,
Inc.   As a result of the foregoing transaction, the Company will
face the following risks and uncertainties.



New
Management has been appointed.
 With the closing of the transaction, we have a new management team
headed by Randall Goulding and Harvey Altholtz.  There can be no
assurance that new management will be able to successfully implement
the proposed operations of Hydrogenesis.



We Have Had
Limited Operations to Date.Since the
acquisition of Hydrogenesis, our primary focus has been putting
together a management team and implementing our business plan so that
we can commence commercial operations.  We have not commenced
commercial operations and have no revenues to date.



We
Have No Operating Experience within the Alternative Energy Field.Although our initial management team has, collectively, substantial
business experience, the Company has no experience in the alternative
fuel industry.  Accordingly, there is no Company operating history
within such business sector, upon which to evaluate our likely
performance.

Page
4



We
Cannot Assure Our Success In Our Planned Business Operations Or Of
Profitability.
 We will require funding to commence operations.  There can be no
assurance that we will receive adequate funding or if available, on
terms acceptable or commercially reasonable, to the Company.



Even
in the event we receive all, or substantially all, of the funding we
may require, such funding will not necessarily assure our success or
profitability in view of, among other factors, our limited operating
history in this business, the uncertainties associated with funding
and operating a new business venture.

We
Need to Obtain Financing in Order to Continue our Operations.On
a prospective basis, we will require both short-term financing for
operations and long-term capital to fund our expected growth.  We
have no existing bank lines of credit and have not established any
definitive sources for additional financing.  We will require
additional financing if we want to fully implement our business plan
and take advantage of evolving market conditions.  Additional
financing may not be available to us, or if available, it may not be
available upon terms and conditions acceptable to us.  If adequate
funds are not available, then we may be required to delay, reduce or
eliminate product development or marketing programs.  Our inability
to take advantage of opportunities in the industry because of capital
constraints may have a materially adverse effect on our business and
our prospects.



We
Will Be Materially Dependent On Our Management and Consultant.The success of our business is and will be materially dependent upon
the continued services of our current management.  The loss of any
member of our management team will adversely impact the operations of
the Company.  We do not presently have any key man life insurance on
any of such persons.



Development
Risks Generally.We
are a developmental stage company.  Securing financing and moving
forward with a proposed business plan involves greater risks and
uncertainties than those associated with an established business.  As
such, there can be no assurance that we will successfully implement
our business plan, commence commercial operations or, operate
profitably.



Industry
Risks: Operating History; Uncertainty of Broad Based Market
Acceptance.The
success of our business may be affected by matters beyond our
control, including but not limited to changes in technology and
equipment, equipment costs, competition, future demand for
alternative energy sources and changes in economic conditions, all of
which can impact upon market acceptance.  Management believes that
there is a perceived need for the Company's services; however, no
assurance can be given that such perceived need for the Company's
services is correct or if correct, will result in revenues to offset
our operating expenses.



Risks
Associated with Growth.Our development
plans will require the implementation of operational and financial
systems and will require additional management, operational, and
financial resources.  For example, we will be required to recruit
certain additional management, key employees, and other personnel for
our operations, in addition to its recently retained management team.
 There can be no assurance that we will be able to manage our
operations effectively.  The failure to implement such systems and
add such resources on a cost-effective basis could have a materially
adverse effect on our results of operations and financial condition.

Page
5



Competition.We face competition from companies with substantially greater
resources that ours.  We believe that we will be able to develop a
niche market and identify opportunities that large, multi-national
companies may omit or deem too small to pursue.  If we are wrong with
this assumption, it will be extremely difficult to compete with
better-capitalized companies and we will have to rely more heavily on
Management’s personal skills and abilities.



No
Dividends on Common Stock.We have never paid dividends on our Common Stock.  We intend for
the foreseeable future to retain earnings, if any, for the future
operation and expansion of our business and do not anticipate paying
dividends on our shares of Common Stock for the foreseeable future.

TheShares of our Common Stock Lack any Trading Market.  There are also
Restrictions on Transferability.Shares of our Common
Stock are not eligible for trading on any national or regional
exchange, nor are they quoted on any over-the-counter market.  As a
result, an investment in our securities is highly illiquid.   Unless
the securities are registered with the Securities and Exchange
Commission and any required state authorities, or an appropriate
exemption from registration is available, you may be unable to
liquidate or sell your Common Stock even though your personal
financial situation may dictate such a liquidation or sale.

There
are currently no plans, proposals, arrangements or understandings
with any person with regard to the development of a trading market in
our Common Stock.  There can be no assurance that a trading market in
our Common Stock will develop, or if such a market develops, that it
will be sustained.



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

THE FOLLOWING DISCUSSION OF THE
RESULTS OF OUR OPERATIONS AND FINANCIAL

CONDITION SHOULD BE READ IN
CONJUNCTION WITH OUR FINANCIAL STATEMENTS AND THE NOTES THERETO
INCLUDED ELSEWHERE IN THIS REPORT.



Background

INverso
Corp. (hereafter referred to as the Company), is incorporated in the
state of Delaware.  The Company facilitates financing for bioreactor
plants.  The intent of the company is to fund future hydrogen
bioreactors.

As
of September 30, 2007, the Company has no inventory, property or
equipment.  Additionally, the Company has no revenue or cost of
sales.  The expenses incurred as of the date of the review are the
start-up costs of the Company.  Therefore, the Company is considered
to be in the development stage.



### Assets
and Liabilities



Since
the addition of Hydrogenesis to the business operations of INverso is
very speculative and it is doubtful that the combination will provide
future success, management has assessed the value at $0.  This
continues to be the case as of September 30, 2007.

Intangible
assets are stated at cost and checked for impairment at the close of
each fiscal year.  However, if impairment is discovered at any time
during the year, impairment is recognized immediately.

Page 6



### Revenues
and Expenses



As
of September 30, 2007, the Company has no inventory, property or
equipment.  Additionally, the Company has no revenue or cost of
sales.  The expenses incurred as of the date of the review are the
start-up costs of the Company.  Therefore, the Company is considered
to be in the development stage.



### Liquidity
and Capital Resources



The
Company is currently receiving money from an investor that is being
classified as a loan.  The terms of the investment have not been
finalized as of the date of the review.  It is expected that common
stock will be issued to settle this loan once the terms are
finalized.  No interest will be paid or accrued.  The loan came from
The Nutmeg Group, LLC (TNG).  Randall S. Goulding, the president of
INverso, is the managing member of TNG and owns 100% of the LLC.  As
additional investors are obtained, the Company will continue to issue
common stock in order to finance its operations.

# 

# Going Concern
Qualification



Due
to the development stage of the Company and since there have been no
revenues as of the date of the review, there is substantial doubt as
to the Company’s ability to continue as a going concern.  In
order to meet its upcoming and continuing obligations, additional
financing or new revenues will be needed.  The financial statements
do not include any adjustments that might be necessary should the
Company be unable to continue as a going concern.



Subsequent
Events



Subsequent
to the preparation of this form, INverso has divested Hydrogenesis,
Inc. as of October 12, 2007.  Management of INverso is currently in
discussions as to the future direction of the company.Management
has considered filing to become a Business Development Company (BDC).
 Nothing has been determined or further explored in relation to
becoming a BDC as of the date of this report.





Item
3.   Controls and Procedures.



As
of the end of the period covered by this Report, the Company's chief
executive officer and its principal financial officer (the
“Certifying Officers”), evaluated the effectiveness of
the Company's "disclosure controls and procedures," as
defined in Rule 13a-15(e) under the Securities Exchange Act of 1934.
Based on that evaluation, the Certifying Officers concluded that, as
of the date of their evaluation, the Company's disclosure controls
and procedures were effective to provide reasonable assurance that
information required to be disclosed in the Company's periodic
filings under the Securities Exchange Act of 1934 is accumulated and
communicated to management, including these officers, to allow timely
decisions regarding required disclosure.



The
Certifying Officers have also indicated that there were no
significant changes in our internal controls or other factors that
could significantly affect such controls subsequent to the date of
their evaluation and there were no corrective actions with regard to
significant deficiencies and material weaknesses.

Page
7



Our
management, including the Certifying Officers, does not expect that
our disclosure controls or our internal controls will prevent all
errors and fraud.  A control system, no matter how well conceived and
operated, can provide only reasonable, not absolute, assurance that
the objectives of the control system are met.  In addition, the
design of a control system must reflect the fact that there are
resource constraints, and the benefits of controls must be considered
relative to their costs.  Because of the inherent limitations in all
control systems, no evaluation of controls can provide absolute
assurance that all control issues and instances of fraud, if any,
within a company have been detected. These inherent limitations
include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or
mistake. Additionally, controls can be circumvented by the individual
acts of some persons, by collusion of two or more people or by
management override of the control.  The design of any systems of
controls also is based in part upon certain assumptions about the
likelihood of future events, and there can be no assurance that any
design will succeed in achieving its stated goals under all potential
future conditions. Because of these inherent limitations in a
cost-effective control system, misstatements due to error or fraud
may occur and not be detected.



PART
II. OTHER INFORMATION

Item
1.	Legal Proceedings.

None

Item
2.  Unregistered Sales of Equity Securities,

None.

Item
3.	Defaults
upon senior securities.

None.

Item
4.  Submission of matters to a vote of security holders.

There
were no matters submitted during the quarter ended September 30,
2007, to a vote of the Company’s securities holders.



Page
8



Item 5. Exhibits and
Report on Form 8-K

During
the quarter ended September 30, 2007, the following Form 8-k items
were filed with the Securities and Exchange Commission;





Exhibit No.    Description

-----------    -----------



31.1           Section 302
Certification of the Principal Executive Officer *



31.2           Section 302
Certification of the Principal Financial Officer *



32.1           Section 906
Certification of Principal Executive Officer *



32.2           Section 906
Certification of Principal Financial and Accounting Officer *

* Filed herewith





SIGNATURES



In accordance with Section 13 or
15(d) of the Exchange Act, the registrant caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.



Inverso, Corp.



Date:November
15, 2007



By: /s/
Randall S. Goulding

----------------------------

Randall S. Goulding

CEO/President/Director



In accordance with the
Exchange Act, this report has been signed below by the following
persons on behalf of the registrant and in the capacities and on the
dates indicated.





By: /s/ Randall
S. Goulding				Date: November 15, 2007

-----------------

Randall S. Goulding

CEO/President/Director





/s/  Harvey
Altholtz					Date: November 15, 2007

---------------------------

Harvey Altholtz

Director

Page
9















|INverso Corp.                                
|---------------------------------------------
|(A Development Stage Company)                
|Balance Sheet                                
|As of September 30, 2007 and
			June 30, 2007
|(Unaudited)                                  
|ASSETS                                       
|                                             
|                                             
|Current assets                               
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             
|LIABILITIES AND STOCKHOLDERS'
			DEFICIT     
|                                             
|                                             
|Current liabilities                          
|                                             
|                                             
|                                             
|                                             
|                                             
|Stockholders' deficit                        
|                                             
|                                             
|                                             
|                                             
|                                             
|                                             





See notes to financial statements







Page
F-1



|INverso Corp.                                          
|-------------------------------------------------------
|(A Development Stage Company)                          
|Statement of Income                                    
|For the Periods Ended September
			30, 2007 and 2006   
|(Unaudited)                                            
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|Revenue:                                               
|                                                       
|                                                       
|Expenses:                                              
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|                                                       
|Other expenses:                                        
|                                                       
|                                                       
|                                                       
|                                                       
|Weighted average number of common
			shares outstanding
|                                                       
|Basic loss per common share                            

See notes to financial statements



Page F-2

|INverso
			Corp.                                                
|----------------------------------------------------------------
|(A
			Development Stage Company)                                
|Statement
			of Changes in Stockholders' Equity                 
|For
			the Period May 28, 2004 (Inception) to September 30, 2007
|(Unaudited)                                                     
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                
|May
			28, 2004                                                 
|                                                                
|                                                                
|Net
			(loss)                                                   
|                                                                
|                                                                
|                                                                
|Balance,
			June 30, 2004                                       
|                                                                
|Net
			(loss)                                                   
|                                                                
|                                                                
|                                                                
|Balance,
			June 30, 2005                                       
|                                                                
|Net
			(loss)                                                   
|                                                                
|                                                                
|                                                                
|Balance,
			June 30, 2006                                       
|                                                                
|Issuance
			of common stock                                     
|                                                                
|                                                                
|                                                                
|Purchase
			of treasury shares                                  
|                                                                
|                                                                
|                                                                
|Retirement
			of treasury shares                                
|                                                                
|                                                                
|                                                                
|Net
			(loss)                                                   
|                                                                
|                                                                
|                                                                
|Balance,
			September 30, 2006                                  
|                                                                
|Net
			(loss)                                                   
|                                                                
|                                                                
|                                                                
|Balance,
			December 31, 2006                                   
|                                                                
|Net
			(loss)                                                   
|                                                                
|                                                                
|                                                                
|Balance,
			March 31, 2007                                      
|                                                                
|Net
			(loss)                                                   
|                                                                
|                                                                
|                                                                
|Balance,
			June 30, 2007                                       
|                                                                
|Net
			(loss)                                                   
|                                                                
|                                                                
|                                                                
|Balance,
			September 30, 2007                                  

See notes to financial statements



Page
F-3



|INverso
			Corp.                                                   
|-------------------------------------------------------------------
|(A
			Development Stage Company)                                   
|Statement
			of Cash Flows                                         
|For
			the Periods Ended September 30, 2007 and 2006               
|(Unaudited)                                                        
|                                                                   
|OPERATING
			ACTIVITIES                                            
|Net
			loss                                                        
|                                                                   
|Adjustment
			to reconcile net loss to net cash used in operations:
|                                                                   
|Goodwill
			impairment                                             
|Increase
			in accounts payable                                    
|                                                                   
|Net
			cash used in operating activities                           
|                                                                   
|INVESTING
			ACTIVITIES                                            
|Purchase
			of goodwill related                                    
|related
			to merger on 9/25/06                                    
|                                                                   
|FINANCING
			ACTIVITIES                                            
|Decrease
			in shareholder loan                                    
|Increase
			in short-term notes payable                            
|Issuance
			of common stock                                        
|Proceeds
			from paid in capital                                   
|Purchase
			of treasury shares                                     
|                                                                   
|Net
			cash provided by financing activities                       
|                                                                   
|Net
			cash increase (decrease) for the period                     
|                                                                   
|Cash
			at the beginning of period                                 
|                                                                   
|Cash
			at the end of period                                       

See notes to
financial statements



Page
F-4

#### INverso Corp.

Notes to Financial
Statements





1. Description of Business



INverso
Corp. (hereafter referred to as the Company), is incorporated in the
state of Delaware.  The Company facilitates financing for bioreactor
plants.  The intent of the company is to fund future hydrogen
bioreactors.



As
of September 30, 2007, the Company has no inventory, property or
equipment.  Additionally, the Company has no revenue or cost of
sales.  The expenses incurred as of the date of the review are the
start-up costs of the Company.  Therefore, the Company is considered
to be in the development stage.



1. Summary of Significant
	Accounting Policies



Basis
of accounting



The
Company’s policy is to prepare its financial statements on the
accrual basis of accounting in conformity with generally accepted
accounting principles in the United States of America (U.S. GAAP).



Cash
and cash equivalents



The
Company considers all highly liquid investments, with a maturity of
less than one year when purchased, to be cash equivalents.



Loss
per share



Loss per
share is computed by dividing the net income by the weighted average
number of common shares outstanding of 13,500,000 for the three
months ended September 30, 2007, 21,583,043 for the three months
ended September 30, 2006, and 19,350,463 for the period from May 28,
2004 (inception) through September 30, 2007.  There are no
outstanding derivatives as of September 30, 2007 and therefore no
adjustment for fully diluted weighted average number of common shares
outstanding.



Use
of estimates



The
preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and reported amounts of revenue
and expenses during the reporting period.  Actual results could
differ from those estimates.

Page F-5

Income taxes



Deferred
tax assets and liabilities are computed based upon the difference
between the financial statement and income tax basis of assets and
liabilities using the enacted marginal tax rate applicable when the
related asset or liability is expected to be realized or settled.
Deferred income tax expenses or benefits are based on the changes in
the asset or liability each period.  If available evidence suggests
that it is more likely than not that some portion or all of the
deferred tax assets will not be realized, a valuation allowance is
required to reduce the deferred tax assets to the amount that is more
likely than not to be realized.  Future changes in such valuation
allowance are included in the provision for deferred income taxes in
the period of change.



Intangibles



Intangible
assets are stated at cost and checked for impairment at the close of
each fiscal year.  However, if impairment is discovered at any time
during the year, it is recognized immediately.





1. Going Concern



Due to
the development stage of the Company and since there have been no
revenues as of September 30, 2007, there is substantial doubt as to
the Company’s ability to continue as a going concern.  In order
to meet its upcoming and continuing obligations, additional financing
or new revenues will be needed.  The financial statements do not
include any adjustments that might be necessary should the Company be
unable to continue as a going concern.



1. Notes Payable



The
Company is currently receiving money from an investor that is being
classified as a loan.  The terms of the investment have not been
finalized as of the date of the audit.  It is expected that common
stock will be issued to settle this loan once the terms are
finalized.  No interest will be paid or accrued.  The loan came from
The Nutmeg Group, LLC (TNG).  Randall S. Goulding, the president of
INverso, is the managing member of TNG and owns 100% of the LLC.



1. Related Party Transactions



Beginning
in September of 2006 and currently continuing, the Company received
$11,300 from TNG that is currently being treated as a loan.  Randall
S. Goulding, the president of INverso, is the managing member of The
Nutmeg Group and owns 100% of the LLC.

Page F-6













1. Significant Transactions
	and Subsequent Events



In
January of 2007, $100,000 of cash was received from the Melanie S.
Altholtz Irrevocable Trust (Altholtz).  On the next day, $95,000 was
sent to Nanologix, Inc. for an investment.  It was a $100,000
investment, but $5,000 was withheld and due to a finder for a
commission.  All of this occurred through Hydrogenesis, Inc., the
subsidiary.  Immediately after the transaction, it was determined
that the true nature of the transaction was not correctly formulated.
 All of the parties then agreed to rescind the transaction.  It was
therefore not mentioned as a subsequent event in the December 31,
2006 financial statements because management considered this to be
irrelevant.  When the March 31, 2007 financials were prepared, cash
had still not been exchanged between the parties to affect the
rescission, but there was no indication that the rescission would not
occur.  On or about June of 2007, the Company came to realize that
rescission of this transaction, even though agreed to by all parties
previously, was not going to occur, due to a prior shift in power of
the management of Nanologix, Inc.



To
resolve the problems associated with this issue, the following events
took place.  All of the transactions described occurred through the
Company’s subsidiary, Hydrogenesis, Inc.  The subsidiary really
has no other operations.  Therefore, the subsidiary owns $100,000
worth of Nanologix stock and owes Altholtz $100,000.  The Company
came to an agreement with Altholtz to sell Hydrogenesis, for $5,000.
At the date of the transaction, Hydrogenesis would own the $100,000
asset and be obligated to pay Altholtz the $100,000 note payable.
The $5,000 obligation still due to the finder as of September 30,
2007 will be assumed by Hydrogenesis upon closing of the transaction
in October of 2007.



Page
F-7