| Colorado                                      |   | (3990)                                      |   | 84-1463284                         |
|-----------------------------------------------|--------|---------------------------------------------|--------|------------------------------------|
| (State                or jurisdiction of      |   | (Primary                Standard Industrial |   | (I.R.S.                Employer    |
| incorporation                or organization) |   | Classification                Code Number)  |   | Identification                No.) |

| Large                accelerated filer o     |                                                       | Accelerated                filer o              |
|---------------------------------------------------|------------------------------------------------------------|-------------------------------------------------|
| Non-accelerated                filer o  | (Do not check if a smaller reporting              company) | Smaller                reporting company o |

----

|                        |   |                                                                                                                      |   | Page   |
|-----------------------------|--------|---------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                        |   | Part                I                                                                                                     |   |   |
| Item                1       |   | Financial                Statements                                                                                       |   | 3      |
|                        |   | Condensed                Balance Sheets (unaudited)                                                                       |   | 3      |
|                        |   | Condensed                Statements of Operations (unaudited)                                                             |   | 4      |
|                        |   | Condensed                Statements of Cash Flows (unaudited)                                                             |   | 5      |
|                        |   | Notes                to the Condensed Financial Statements (unaudited)                                                    |   | 7      |
|                        |   | Accounting                Policies                                                                                        |   | 8      |
|  Item                2 |   | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations |   | 21     |
|                        |   | Overview                                                                                                                  |   | 21     |
|                        |   | Intellectual                Property                                                                                      |   | 21     |
|                        |   | Liquidity                and Capital Resources                                                                            |   | 22     |
|                        |   | Results                of Operations                                                                                      |   | 23     |
| Item                3.      |   | Controls                and Procedures                                                                                    |   | 25     |
|                        |   |                                                                                                                      |   |   |
|                        |   | Part                II                                                                                                    |   |   |
| Item                1       |   | Legal                Proceedings                                                                                          |   | 26     |
| Item                1A      |   | Risk                Factors                                                                                               |   | 26     |
| Item                2       |   | Unregistered                Sales of Equity Securities and Use of Proceeds                                                |   | 26     |
| Item                3       |   | Defaults                Upon Senior Securities                                                                            |   | 26     |
| Item                4       |   | Submission                of Matters to a Vote of Security Holders                                                        |   | 26     |
| Item                5       |   | Other                Information                                                                                          |   | 26     |
| Item                6       |   | Exhibits                and Reports on Form 8-K                                                                           |   | 26     |
|                        |   | Signatures                                                                                                                |   | 30     |
|                        |   | Exhibits                                                                                                                  |   | 0      |

----

**PART      I. FINANCIAL INFORMATION**

**Item      1. Financial Statements**

**Waytronx,      Inc.**

**Condensed      Balance Sheets **

|                                                                                                                                                                                                                                      |   | June                30,2008(Consolidated) |        | December                31,2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|-------------|---------------------------------|--------|
|                                                                                                                                                                                                                                      |   | (unaudited)                               |        |                            |   |
| Assets:                                                                                                                                                                                                                                   |   |                                      |        |                            |   |
| Current                Assets:                                                                                                                                                                                                            |   |                                      |        |                            |   |
| Cash                and cash equivalents                                                                                                                                                                                                  |   | $                                         | 358,223     |                            | $      | 42,639 |   |
| Trade                accounts receivable, net of allowance of $119,803                                                                                                                                                                    |   |                                      | 3,419,617   |                            |   | 7,000 |   |
| Other                receivable, related party                                                                                                                                                                                            |   |                                      | 1,171,101   |                            |   | - |   |
| Inventories,                net                                                                                                                                                                                                           |   |                                      | 2,926,428   |                            |   | 88,350 |   |
| Prepaid                expenses and other                                                                                                                                                                                                 |   |                                      | 162,652     |                            |   | 20,160 |   |
| Total                current assets                                                                                                                                                                                                       |   |                                      | 8,038,021   |                            |   | 158,149 |   |
|                                                                                                                                                                                                                                      |   |                                      |        |                            |   |   |   |
| Property                and equipment, net                                                                                                                                                                                                |   |                                      | 1,323,608   |                            |   | 20,641 |   |
|                                                                                                                                                                                                                                      |   |                                      |        |                            |   |   |   |
| Other                assets:                                                                                                                                                                                                              |   |                                      |        |                            |   |   |   |
| Equity                investment in affiliate                                                                                                                                                                                             |   |                                      | 117,855     |                            |   | - |   |
| Technology                rights, net                                                                                                                                                                                                     |   |                                      | 4,253,458   |                            |   | 4,321,493 |   |
| Patent                costs, net                                                                                                                                                                                                          |   |                                      | 679,153     |                            |   | 654,861 |   |
| Other                intangible assets, net                                                                                                                                                                                               |   |                                      | 34,879      |                            |   | - |   |
| Deposits                and other                                                                                                                                                                                                         |   |                                      | 52,951      |                            |   | 58,710 |   |
| Notes                receivable, net                                                                                                                                                                                                      |   |                                      | -           |                            |   | 91,500 |   |
| Goodwill                                                                                                                                                                                                                                  |   |                                      | 32,676,183  |                            |   | - |   |
| Total                other assets                                                                                                                                                                                                         |   |                                      | 37,814,479  |                            |   | 5,126,564 |   |
| Total                assets                                                                                                                                                                                                               |   | $                                         | 47,176,108  |                            | $      | 5,305,354 |   |
|                                                                                                                                                                                                                                      |   |                                      |        |                            |   |   |   |
| Liabilities                and stockholders' equity (deficit):                                                                                                                                                                            |   |                                      |        |                            |   |   |   |
| Current                liabilities:                                                                                                                                                                                                       |   |                                      |        |                            |   |   |   |
| Accounts                payable                                                                                                                                                                                                           |   | $                                         | 1,566,490   |                            | $      | 294,327 |   |
| Preferred                stock dividends payable                                                                                                                                                                                          |   |                                      | 5,054       |                            |   | 5,054 |   |
| Demand                notes payable                                                                                                                                                                                                       |   |                                      | 2,118,527   |                            |   | - |   |
| Demand                notes payable, related party                                                                                                                                                                                        |   |                                      | 130,000     |                            |   | - |   |
| Accrued                expenses                                                                                                                                                                                                           |   |                                      | 421,863     |                            |   | 135,898 |   |
| Accrued                compensation                                                                                                                                                                                                       |   |                                      | 237,079     |                            |   | 90,858 |   |
| Deferred                revenue                                                                                                                                                                                                           |   |                                      | 940         |                            |   | 13,080 |   |
| Derivative                liability                                                                                                                                                                                                       |   |                                      | 10,891,043  |                            |   | - |   |
| Notes                payable, current portion due                                                                                                                                                                                         |   |                                      | 147,347     |                            |   | - |   |
| Notes                payable, related party, current portion due                                                                                                                                                                          |   |                                      | 893,994     |                            |   | - |   |
| Convertible                notes payable, net of discounts of $0 and $55,165,                respectively                                                                                                                                 |   |                                      | 600,000     |                            |   | 1,594,834 |   |
| Convertible                notes payable, related party                                                                                                                                                                                   |   |                                      | 100,000     |                            |   | - |   |
| Total                current liabilities                                                                                                                                                                                                  |   |                                      | 17,112,337  |                            |   | 2,134,051 |   |
| Long                term notes payable, net of current portion due of $147,347                                                                                                                                                            |   |                                      | 6,120,812   |                            |   | 100,000 |   |
| Long                term convertible notes payable                                                                                                                                                                                        |   |                                      | 1,650,000   |                            |   | - |   |
| Long                term notes payable, related party, net of current portion                due of $893,994 and discounts of $780,509                                                                                                    |   |                                      | 13,325,497  |                            |   | 1,000,000 |   |
| Long                term convertible notes payable, related party, net of discounts                of $6,913,794                                                                                                                          |   |                                      | 10,586,206  |                            |   | - |   |
| Total                liabilities                                                                                                                                                                                                          |   |                                      | 48,794,852  |                            |   | 3,234,051 |   |
|                                                                                                                                                                                                                                      |   |                                      |        |                            |   |   |   |
| Commitments                and contingencies                                                                                                                                                                                              |   |                                      | -           |                            |   | - |   |
|                                                                                                                                                                                                                                      |   |                                      |        |                            |   |   |   |
| Stockholders'                equity:                                                                                                                                                                                                      |   |                                      |        |                            |   |   |   |
| Preferred                stock, par value $0.001; 10,000,000 shares authorized                                                                                                                                                            |   |                                      | -           |                            |   | - |   |
| Convertible                Series A preferred stock, 5,000,000 shares authorized,                75,543 shares issued and outstanding liquidation                preference of $75,543 at December 31, 2007                               |   |                                      | 51          |                            |   | 76 |   |
| Convertible                Series B preferred stock, 30,000 shares authorized,                and no shares outstanding at June 30, 2008 and                December 31, 2007                                                             |   |                                      | -           |                            |   | - |   |
| Common                stock, par value $0.001; 200,000,000 shares authorized,                161,994,037 and 156,780,626 shares issued                and outstanding at June 30, 2008 and December 31,                2007, respectively |   |                                      | 161,994     |                            |   | 156,781 |   |
| Common                stock issuable, par value $0.001; (1,100,000 shares                at June 30, 2008)                                                                                                                                |   |                                      | 1,100       |                            |   | - |   |
| Additional                paid-in capital                                                                                                                                                                                                 |   |                                      | 46,166,553  |                            |   | 50,832,165 |   |
| Subscription                receivable                                                                                                                                                                                                    |   |                                      | -           |                            |   | (200,000 | ) |
| Accumulated                deficit                                                                                                                                                                                                        |   |                                      | (47,948,442 | )                               |   | (48,717,719 | ) |
| Total                stockholders' equity                                                                                                                                                                                                 |   |                                      | (1,618,744  | )                               |   | 2,071,303 |   |
| Total                liabilities and stockholders' equity                                                                                                                                                                                 |   | $                                         | 47,176,108  |                            | $      | 5,305,354 |   |

| See                accompanying notes to financial                statements |
|------------------------------------------------------------------------------|

----

**Waytronx,      Inc.**

**Condensed      Statement of Operations**

**(unaudited)**

|                                                                                                                                  |   | **For                the three months ended****June                30,** |         | **For                the six months ended****June                30,** |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------------|------------------------------------------------------------------------|--------|
|                                                                                                                                  |   | **2008****(Consolidated)**                                               |         | **2007**                                                               |   | **2008****(Consolidated)** |   | **2007** |   |
| **Revenues:**                                                                                                                         |   |                                                                     |         |                                                                   |   |   |   |   |   |
| Product                Sales                                                                                                          |   | $                                                                        | 4,359,365    |                                                                   | $      | 75,271 |   | $ | 4,420,010 |   | $ | 124,664 |   |
| Revenue                from freight                                                                                                   |   |                                                                     | 37,089       |                                                                   |   | - |   |   | 37,089 |   |   | - |   |
| Total                revenue                                                                                                          |   |                                                                     | 4,396,454    |                                                                   |   | 75,271 |   |   | 4,457,099 |   |   | 124,664 |   |
| **Cost                of revenues**                                                                                                   |   |                                                                     | 2,645,519    |                                                                   |   | 1,126,638 |   |   | 2,727,602 |   |   | 1,177,863 |   |
|                                                                                                                                  |   |                                                                     |         |                                                                   |   |   |   |   |   |   |   |   |   |
| **Gross                profit (loss)**                                                                                                |   |                                                                     | 1,750,935    |                                                                   |   | (1,051,367 | ) |   | 1,729,497 |   |   | (1,053,199 | ) |
|                                                                                                                                  |   |                                                                     |         |                                                                   |   |   |   |   |   |   |   |   |   |
| **Operating                expenses**                                                                                                 |   |                                                                     |         |                                                                   |   |   |   |   |   |   |   |   |   |
| Selling,                general and administrative                                                                                    |   |                                                                     | 1,584,844    |                                                                   |   | 342,261 |   |   | 2,188,843 |   |   | 784,619 |   |
| Research                and development                                                                                               |   |                                                                     | 183,757      |                                                                   |   | 289,807 |   |   | 524,941 |   |   | 648,904 |   |
| Bad                debt                                                                                                               |   |                                                                     | -            |                                                                   |   | 3,995 |   |   | 91,500 |   |   | 3,995 |   |
| Total                operating expenses                                                                                               |   |                                                                     | 1,768,601    |                                                                   |   | 636,063 |   |   | 2,805,284 |   |   | 1,437,518 |   |
|                                                                                                                                  |   |                                                                     |    |                                                                   |   |    |   |   |    |   |   |    |   |
| **Loss                from operations**                                                                                               |   |                                                                     | (17,666      | )                                                                      |   | (1,687,430 | ) |   | (1,075,787 | ) |   | (2,490,717 | ) |
|                                                                                                                                  |   |                                                                     |         |                                                                   |   |   |   |   |   |   |   |   |   |
| **Other                income (expense)**                                                                                             |   |                                                                     |         |                                                                   |   |   |   |   |   |   |   |   |   |
| Other                income                                                                                                           |   |                                                                     | 55,409       |                                                                   |   | 10,756 |   |   | 57,787 |   |   | 23,658 |   |
| Other                expense                                                                                                          |   |                                                                     | (38,555      | )                                                                      |   | (12,923 | ) |   | (38,555 | ) |   | (12,923 | ) |
| Derivative                income                                                                                                      |   |                                                                     | 2,782,573    |                                                                   |   | - |   |   | 2,782,573 |   |   | - |   |
| Equity                in losses of unconsolidated affiliate                                                                           |   |                                                                     | (4,264       | )                                                                      |   | - |   |   | (4,264 | ) |   | - |   |
| Interest                expense - intrinsic value                of convertible debt and                amortization of debt discount |   |                                                                     | (519,528     | )                                                                      |   | (84,099 | ) |   | (578,495 | ) |   | (216,706 | ) |
| Interest                expense                                                                                                       |   |                                                                     | (290,669     | )                                                                      |   | (68,534 | ) |   | (373,982 | ) |   | (120,293 | ) |
| **Total                other income (expense), net**                                                                                  |   |                                                                     | 1,984,966    |                                                                   |   | (154,800 | ) |   | 1,845,064 |   |   | (326,264 | ) |
|                                                                                                                                  |   |                                                                     |         |                                                                   |   |   |   |   |   |   |   |   |   |
| **Net                profit (loss)**                                                                                                  |   |                                                                     | 1,967,300    |                                                                   |   | (1,842,230 | ) |   | 769,277 |   |   | (2,816,981 | ) |
| Preferred                stock dividends                                                                                              |   |                                                                     | -            |                                                                   |   | - |   |   | - |   |   | - |   |
| **Net                profit (loss) allocable to****common                stockholders**                                               |   | $                                                                        | 1,967,300    |                                                                   | $      | (1,842,230 | ) | $ | 769,277 |   | $ | (2,816,981 | ) |
| Basic                net profit (loss) per common                share available to                common stockholders                |   | $                                                                        | 0.01         |                                                                   | $      | (0.01 | ) | $ | - |   | $ | (0.02 | ) |
| Diluted                profit (loss) per common                share                                                                  |   | $                                                                        | 0.01         |                                                                   | $      | (0.01 | ) | $ | 0.01 |   | $ | (0.02 | ) |
| Basic                weighted average common and common                equivalent shares outstanding                                  |   |                                                                     | 160,293,625  |                                                                   |   | 149,658,792 |   |   | 159,157,544 |   |   | 148,699,063 |   |
| Fully                diluted weighted average common                and common equivalents shares                outstanding          |   |                                                                     | 210,674,984  |                                                                   |   | 149,658,792 |   |   | 190,656,950 |   |   | 148,699,063 |   |

| See                accompanying notes to financial                statements |
|------------------------------------------------------------------------------|

----

**Waytronx,      Inc.**

**Condensed      Statements of Cash Flows**

**(unaudited)**

|                                                                                                                                                                                                                                    |   | For                the six months endedJune                30, |       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------|------------|
|                                                                                                                                                                                                                                    |   | 2008(Consolidated)                                             |       | 2007 |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                                                                                                                                                                                    |   |                                                           |       |   |   |
| Net                profit (loss)                                                                                                                                                                                                        |   | $                                                              | 769,277    |   | $ | (2,816,981 | ) |
| Adjustments                to reconcile net profit (loss) to net cash used in operating activities:                                                                                                                                     |   |                                                           |       |   |   |   |   |
| Stock,                warrants and options issued for compensation and services                                                                                                                                                         |   |                                                           | 586,295    |   |   | 18,661 |   |
| Change                in fair value of warrant liability                                                                                                                                                                                |   |                                                           | (2,782,573 | ) |   | - |   |
| Non-cash                interest expense, including amortization of beneficial conversion                value, warrant related debt discounts and intrinsic value                of convertible debt and amortization of debt discount |   |                                                           | 389,700    |   |   | 216,704 |   |
| Equity                in losses of unconsolidated affiliate                                                                                                                                                                             |   |                                                           | 4,264      |   |   | - |   |
| Provision                for doubtful accounts                                                                                                                                                                                          |   |                                                           | 91,500     |   |   | 3,995 |   |
| Amortization                of technology rights                                                                                                                                                                                        |   |                                                           | 119,257    |   |   | 119,151 |   |
| Amortization                of patent costs                                                                                                                                                                                             |   |                                                           | 11,437     |   |   | 1,906 |   |
| Amortization                of website development                                                                                                                                                                                      |   |                                                           | 7,155      |   |   | - |   |
| Loss                on disposal of assets                                                                                                                                                                                               |   |                                                           | -          |   |   | 12,353 |   |
| Impairment                of inventory                                                                                                                                                                                                  |   |                                                           | -          |   |   | 1,046,233 |   |
| Depreciation                                                                                                                                                                                                                            |   |                                                           | 54,506     |   |   | 28,259 |   |
| (Increase)                decrease in assets:                                                                                                                                                                                           |   |                                                           |       |   |   |   |   |
| Trade                accounts receivable                                                                                                                                                                                                |   |                                                           | (1,206,441 | ) |   | (64,475 | ) |
| Other                accounts receivable                                                                                                                                                                                                |   |                                                           | (11,250    | ) |   | - |   |
| Notes                receivable                                                                                                                                                                                                         |   |                                                           | -          |   |   | 15,000 |   |
| Inventory                                                                                                                                                                                                                               |   |                                                           | (183,753   | ) |   | (15,387 | ) |
| Prepaid                expenses and other current assets                                                                                                                                                                                |   |                                                           | (26,826    | ) |   | (46,062 | ) |
| Deposits                and other assets                                                                                                                                                                                                |   |                                                           | 14,022     |   |   | 360 |   |
| Increase                (decrease) in liabilities:                                                                                                                                                                                      |   |                                                           |       |   |   |   |   |
| Accounts                payable                                                                                                                                                                                                         |   |                                                           | (89,367    | ) |   | (43,661 | ) |
| Accrued                expenses                                                                                                                                                                                                         |   |                                                           | 297,097    |   |   | - |   |
| Accrued                compensation                                                                                                                                                                                                     |   |                                                           | 61,358     |   |   | - |   |
| Deferred                revenues                                                                                                                                                                                                        |   |                                                           | (12,140    | ) |   | (3,007 | ) |
| NET                CASH USED IN OPERATING ACTIVITIES                                                                                                                                                                                    |   |                                                           | (1,906,482 | ) |   | (1,526,951 | ) |
| CASH                FLOWS FROM INVESTING ACTIVITIES:                                                                                                                                                                                    |   |                                                           |       |   |   |   |   |
| Cash                paid upon merger, net of cash received                                                                                                                                                                              |   |                                                           | (5,816,468 | ) |   | - |   |
| Investment                in technology rights                                                                                                                                                                                          |   |                                                           | -          |   |   | (50,000 | ) |
| Investment                in patents                                                                                                                                                                                                    |   |                                                           | (35,729    | ) |   | (49,027 | ) |
| Proceeds                from sales of property and equipment                                                                                                                                                                            |   |                                                           | -          |   |   | 8,700 |   |
| Purchase                of property and equipment                                                                                                                                                                                       |   |                                                           | (17,161    | ) |   | - |   |
| NET                CASH USED IN INVESTING ACTIVITIES                                                                                                                                                                                    |   |                                                           | (5,869,358 | ) |   | (90,327 | ) |
| CASH                FLOWS FROM FINANCING ACTIVITIES:                                                                                                                                                                                    |   |                                                           |       |   |   |   |   |
| Proceeds                from demand notes payable                                                                                                                                                                                       |   |                                                           | 797,928    |   |   | - |   |
| Proceeds                from notes and loans payable                                                                                                                                                                                    |   |                                                           | 6,600,000  |   |   | 1,057,500 |   |
| Proceeds                from notes and loans payable, related party                                                                                                                                                                     |   |                                                           | 100,000    |   |   | - |   |
| Payments                on notes and loans payable                                                                                                                                                                                      |   |                                                           | (5,664     | ) |   | - |   |
| Proceeds                from sales of common stock and exercise of warrants and                options, net of offering costs                                                                                                           |   |                                                           | 599,160    |   |   | 4,909 |   |
| NET                CASH PROVIDED BY FINANCING ACTIVITIES                                                                                                                                                                                |   |                                                           | 8,091,424  |   |   | 1,062,409 |   |
| NET                INCREASE IN CASH AND CASH EQUIVALENTS                                                                                                                                                                                |   |                                                           | 315,584    |   |   | (554,869 | ) |
| Cash                and Cash Equivalents at Beginning of Year                                                                                                                                                                           |   |                                                           | 42,639     |   |   | 570,501 |   |
| CASH                AND CASH EQUIVALENTS AT END OF PERIODS                                                                                                                                                                              |   | $                                                              | 358,223    |   | $ | 15,632 |   |

----

|                                                                                                                                                      |   | For                the six months endedJune                30, |       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------|------------|
|                                                                                                                                                      |   |  2008                                                     |       |  2007 |   |
| SUPPLEMENTAL                DISCLOSURE OF CASH FLOW INFORMATION:                                                                                          |   |                                                      |       |    |   |
|                                                                                                                                                      |   |                                                      |       |    |   |
| Income                taxes paid                                                                                                                          |   | $                                                              | -          |   | $ | - |   |
|                                                                                                                                                      |   |                                                           |       |   |   |   |   |
| Interest                paid                                                                                                                              |   | $                                                              | -          |   | $ | 81,842 |   |
|                                                                                                                                                      |   |                                                           |       |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURE OF NON-CASH INVESTING AND FINANCING                ACTIVITIES:                                                     |
|                                                                                                                                                      |   |                                                           |       |   |   |   |   |
| Conversion                of Series A convertible preferred stock to common stock                                                                         |   | $                                                              | 25         |   | $ | 15 |   |
|                                                                                                                                                      |   |                                                           |       |   |   |   |   |
| Discount                on debt for intrinsic value of convertible notes payable                                                                          |   | $                                                              | 188,795    |   | $ | 87,786 |   |
|                                                                                                                                                      |   |                                                           |       |   |   |   |   |
| Notes                Payable issued for purchase of CUI, Inc.                                                                                             |   | $                                                              | 31,500,000 |   | $ | - |   |
|                                                                                                                                                      |   |                                                           |       |   |   |   |   |
| Conversion                of debt to common stock                                                                                                         |   | $                                                              | -          |   | $ | 177,500 |   |
|                                                                                                                                                      |   |                                                           |       |   |   |   |   |
| Common                stock issued for consulting services and compensation and accrued                liabilities                payable in common stock |   | $                                                              | 370,000    |   | $ | 1,333 |   |
|                                                                                                                                                      |   |                                                           |       |   |   |   |   |
| Reclassification                of warrants, options and convertible notes from equity to liabilities                                                     |   | $                                                              | 5,644,778  |   | $ | - |   |

| See                accompanying notes to financial                statements |
|------------------------------------------------------------------------------|

----

**Waytronx,      Inc.**

**Notes      to the Condensed Consolidated Financial Statements **

**(Unaudited)**

**1.**
**BASIS      OF PRESENTATION AND GOING CONCERN**

----

**2.**
**ACCOUNTING      POLICIES**

----

|                                     |   | EstimatedUseful                  Life |                          |
|------------------------------------------|--------|---------------------------------------|-------------------------------|
| Furniture                  and equipment |   |                                  | 5                  to 7 years |   |
| Software                                 |   |                                  | 3                  to 5 years |   |

|                                      |   | 2008   |       |
|-------------------------------------------|--------|--------|------------|
| Technology                  rights        |   | $      | 4,943,965  |   |
| Accumulated                  amortization |   |   | (690,507   | ) |
| Net                                       |   | $      | 4,253,458  |   |
|                                      |   |   |       |   |
| Patent                  costs             |   | $      | 703,933    |   |
| Accumulated                  amortization |   |   | (24,780    | ) |
| Net                                       |   | $      | 679,153    |   |
|                                      |   |   |       |   |
| Goodwill                                  |   | $      | 32,676,183 |   |
| Accumulated                  amortization |   |   | -          |   |
| Net                                       |   | $      | 32,676,183 |   |
|                                      |   |   |       |   |
| Other                  intangible assets  |   | $      | 72,933     |   |
| Accumulated                  amortization |   |   | (38,054    | ) |
| Net                                       |   | $      | 34,879     |   |

----

| Current                  assets                             |   | $      | 6,837,137 |   |
|-------------------------------------------------------------|--------|--------|-----------|--------|
| Non-current                  assets                         |   |   | 1,017,960 |   |
| Total                  Assets                               |   | $      | 7,855,097 |   |
|                                                        |   |   |      |   |
| Current                  liabilities                        |   | $      | 4,949,124 |   |
| Non-current                  liabilities                    |   |   | 1,111,468 |   |
| Stockholders'                  equity                       |   |   | 1,794,505 |   |
| Total                  Liabilities and Stockholders' Equity |   | $      | 7,855,097 |   |
|                                                        |   |   |      |   |
| Revenues                                                    |   | $      | 3,987,318 |   |
| Operating                  Loss                             |   |   | (43,712   | )      |
| Net                  Loss                                   |   |   | (40,725   | )      |
| Company                  share of Net Loss at 10.47%        |   |   | (4,264    | )      |
| Equity                  investment in affiliate             |   | $      | 126,811   |   |

Derivative      Liabilities

----

----

|                                                                                                                                        |   | External                  Power |      | InternalPower |   | IndustrialControls |   | Other  |    | Totals |   |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|-----------|---------------|--------|--------------------|--------|--------|---------|--------|--------|
| Revenues                  from external customers                                                                                           |   | $                               | 2,965,541 |          | $      | 909,489            |   | $      | 431,453 |   | $      | 150,616 |   | $ | 4,457,099 |   |
| Intersegment                  revenues                                                                                                      |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | - |   | $ | - |   |
| Derivative                  income                                                                                                          |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | 2,782,573 |   | $ | 2,782,573 |   |
| Interest                  revenues                                                                                                          |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | 7,309 |   | $ | 7,309 |   |
| Equity                  in losses of unconsolidated affiliate                                                                               |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | (4,264 | ) | $ | (4,264 | ) |
| Interest                  expense - intrinsic value of convertible                  debt and amortization of                  debt discount |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | 578,495 |   | $ | 578,495 |   |
| Interest                  expense                                                                                                           |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | 373,982 |   | $ | 373,982 |   |
| Depreciation                  and amortization                                                                                              |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | 41,541 |   | $ | 41,541 |   |
| Segment                  profit (loss)                                                                                                      |   | $                               | 851,273   |          | $      | 133,381            |   | $      | 9,438   |   | $      | (224,815 | ) | $ | 769,277 |   |
| Other                  significant non-cash items:                                                                                          |   |                            |      |          |   |               |   |   |    |   |   |   |   |   |   |   |
| Stock,                  warrants and notes issued for                  compensation and services                                            |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | 573,795 |   | $ | 573,795 |   |
| Segment                  assets                                                                                                             |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | 47,176,108 |   | $ | 47,176,108 |   |
| Acquisition                  of CUI, Inc.                                                                                                   |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | 37,500,000 |   | $ | 37,500,000 |   |
| Expenditures                  for segment assets                                                                                            |   | $                               | -         |          | $      | -                  |   | $      | -       |   | $      | 52,890 |   | $ | 52,890 |   |

**3.**
**RECENT      ACCOUNTING PRONOUNCEMENTS**

*Noncontrolling      Interests in Consolidated Financial Statements - an amendment of ARB No.      51*

----

(SFAS      161).      This statement is intended to improve transparency in financial reporting by      requiring enhanced disclosures of an entity’s derivative instruments and hedging      activities and their effects on the entity’s financial position, financial      performance, and cash flows. SFAS      161      applies to all derivative instruments within the scope of SFAS 133, “Accounting      for Derivative Instruments and Hedging Activities” (SFAS 133) as well as related      hedged items, bifurcated derivatives, and nonderivative instruments that are      designated and qualify as hedging instruments. Entities with instruments subject      to SFAS      161      must      provide more robust qualitative disclosures and expanded quantitative      disclosures. SFAS      161      is      effective prospectively for financial statements issued for fiscal years and      interim periods beginning after November 15, 2008, with early application      permitted. We are currently evaluating the disclosure implications of this      statement. 

----

**4.**
**ACQUISITION**

| Purchase                  price                              |   | $      | 37,500,000 |   |
|--------------------------------------------------------------|--------|--------|------------|--------|
| Cash                                                         |   |   | 183,531    |   |
| Accounts                  receivable, trade                  |   |   | 2,206,176  |   |
| Accounts                  receivable, other                  |   |   | 1,159,851  |   |
| Inventory                                                    |   |   | 2,654,325  |   |
| Other                  current assets                        |   |   | 115,666    |   |
| Property                  & equipment, net               |   |   | 1,340,313  |   |
| Deposits                  and other assets                   |   |   | 50,297     |   |
| Technology                  rights                           |   |   | 51,222     |   |
| Equity                  investment in affiliate              |   |   | 122,119    |   |
| Goodwill                                                     |   |   | 23,544,300 |   |
| Goodwill                  trademark and tradename CUI        |   |   | 4,892,856  |   |
| Goodwill                  trademark and tradename V-Infinity |   |   | 1,373,828  |   |
| Goodwill                  patent pending technology          |   |   | 761,962    |   |
| Goodwill                  customer list/base                 |   |   | 2,103,237  |   |
| Liabilities                  assumed                         |   |   | (3,059,683 | )      |
|                                                         |   | $      | 37,500,000 |   |

|                                            |   | 2008   |       | 2007   |   |
|-------------------------------------------------|--------|--------|------------|--------|--------|
| Gross                  revenue                  |   | $      | 14,171,151 |   | $      | 11,747,763 |   |
| Total                  expenses                 |   |   | 12,856,204 |   |   | 13,718,016 |   |
| Net                  profit (loss) before taxes |   | $      | 1,314,947  |   | $      | (1,970,253 | ) |
| Earnings                  per share             |   | $      | 0.01       |   | $      | (0.01 | ) |

**5.**
**INCOME      (LOSS) **
**PROFIT      PER COMMON SHARE**

----

|                                                                                             |   | **Three                  months ended****June                  30, 2008** |        | **Six                  months ended****June                  30, 2008** |   |
|--------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|-------------|-------------------------------------------------------------------------|--------|
| Net                  income for the period                                                       |   | $                                                                         | 1,967,300   |                                                                    | $      | 769,277 |   |
|                                                                                             |   |                                                                      |        |                                                                    |   |   |   |
| Weighted                  average number of shares outstanding                                   |   |                                                                      | 160,293,625 |                                                                    |   | 159,157,544 |   |
|                                                                                             |   |                                                                      |        |                                                                    |   |   |   |
| Weighted                  average number of common and common equivalent                  shares |   |                                                                      | 160,293,625 |                                                                    |   | 159,157,544 |   |
|                                                                                             |   |                                                                      |        |                                                                    |   |   |   |
| Basic                  earnings per share                                                        |   | $                                                                         | 0.01        |                                                                    | $      | 0.00 |   |

|                                                                                                                                                                                          |   | **Three                  months ended****June                  30, 2008** |        | **Six                  months ended****June                  30, 2008** |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|-------------|-------------------------------------------------------------------------|--------|
| Net                  income for the period                                                                                                                                                    |   | $                                                                         | 1,967,300   |                                                                    | $      | 769,277 |   |
| Add:                  Adjustment for interest and discount amortization on 4% convertible                  notes                  (previously computed)                                       |   |                                                                      | 337,787     |                                                                    |   | 337,787 |   |
| 12%                  convertible notes and discount amortization                                                                                                                              |   |                                                                      | 212,761     |                                                                    |   | 306,195 |   |
| Adjusted                  net income                                                                                                                                                          |   | $                                                                         | 2,517,848   |                                                                    | $      | 1,413,259 |   |
|                                                                                                                                                                                          |   |                                                                      |        |                                                                    |   |   |   |
| Weighted                  average number of shares outstanding                                                                                                                                |   |                                                                      | 160,293,625 |                                                                    |   | 159,157,544 |   |
| Add:                  Weighted Average shares assumed to be issued upon                  conversion of 4% convertible notes as of the date                  of issuance (previously computed) |   |                                                                      | 35,384,615  |                                                                    |   | 17,692,308 |   |
| Warrants                  and options as of beginning of period                                                                                                                               |   |                                                                      | 6,240,549   |                                                                    |   | 5,795,931 |   |
| Warrants                  and options as of date of issue                                                                                                                                     |   |                                                                      | 1,487,473   |                                                                    |   | 742,445 |   |
| 12%                  convertible notes as of beginning of period                                                                                                                              |   |                                                                      | 7,268,722   |                                                                    |   | 7,268,722 |   |
| 12%                  convertible notes as of date of issue                                                                                                                                    |   |                                                                      | -           |                                                                    |   | - |   |
|                                                                                                                                                                                          |   |                                                                      |        |                                                                    |   |   |   |
| Weighted                  average number of common and common equivalent                  shares                                                                                              |   |                                                                      | 210,674,984 |                                                                    |   | 190,656,950 |   |
|                                                                                                                                                                                          |   |                                                                      |        |                                                                    |   |   |   |
| Diluted                  earnings per share                                                                                                                                                   |   | $                                                                         | 0.01        |                                                                    | $      | 0.01 |   |

**6.**
**INCOME      TAXES**

** **

----

**7.**
**WORKING      CAPITAL LINE OF CREDIT**

**8.**
**STOCK-BASED      EMPLOYEE COMPENSATION**

----

|                                                      |   | #                  of shares |      | Weighted                  Average                  Exercise                  Price |   | Weighted                  Average                  Remaining                  Contract                  Life |   | Aggregate                  Intrinsic                  Value |                        |
|-----------------------------------------------------------|--------|------------------------------|-----------|------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|-----------------------------|
| Outstanding                  at December 31, 2007         |   |                         | 4,531,000 |                                                                               | $      | 0.13                                                                                                         |   |                                                        |                        |   |   |   |   |
| Forfeited                                                 |   |                         | (140,000  | )                                                                                  | $      | 0.72                                                                                                         |   |                                                        |                        |   |   |   |   |
| Granted                                                   |   |                         | -         |                                                                               | $      | -                                                                                                            |   |                                                        |                        |   |   |   |   |
| Outstanding                  at June 30, 2008             |   |                         | 4,391,000 |                                                                               | $      | 0.12                                                                                                         |   |                                                        | 1.95                  years |   | $ | 14,225 |   |
| Outstanding                  exercisable at June 30, 2008 |   |                         | 4,391,000 |                                                                               | $      | 0.12                                                                                                         |   |                                                        | 1.95                  years |   | $ | 14,225 |   |

**9.**
**NOTES      PAYABLE **

----

**10.**
**DERIVATIVE      LIABILITY**

| Freestanding                options, warrants and convertible notes                                                   |
|-----------------------------------------------------------------------------------------------------------------------|
|                                                                                                                  |   | At                issuance |   | At                June 30, 2008 |
| Market                price:                                                                                          |   | $0.35 |   | $0.22 |
| Exercise                price:                                                                                        |   | $0.01                - $0.75 |   | $0.01                - $0.75 |
| Term:                                                                                                                 |   | 0                -                3 years |   | 0                -                3 years |
| Volatility:                                                                                                           |   | 57% |   | 66% |
| Risk-free                interest rate                                                                                |   | 1.83%                - 2.9% |   | 1.60%                - 2.91% |
| Number                of shares attributable to options,                warrants and convertible                notes |   | 30,270,093 |   | 31,829,595 |

----

**11.**
**COMMITMENTS**

**12.**
**PREFERRED      STOCK **

**13.**
**OTHER      EQUITY TRANSACTIONS**

----

**14.**
**SUBSEQUENT      EVENTS**

----

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

**General**

**Overview**

**Intellectual      Property**

----

**Liquidity      and Capital Resources**

* *

----

| Purchase                  price                              |   | $      | 37,500,000 |   |
|--------------------------------------------------------------|--------|--------|------------|--------|
| Cash                                                         |   |   | 183,531    |   |
| Accounts                  receivable, trade                  |   |   | 2,206,176  |   |
| Accounts                  receivable, other                  |   |   | 1,159,851  |   |
| Inventory                                                    |   |   | 2,654,325  |   |
| Other                  current assets                        |   |   | 115,666    |   |
| Property                  & equipment, net               |   |   | 1,340,313  |   |
| Deposits                  and other assets                   |   |   | 50,297     |   |
| Technology                  rights                           |   |   | 51,222     |   |
| Equity                  investment in affiliate              |   |   | 122,119    |   |
| Goodwill                                                     |   |   | 23,544,300 |   |
| Goodwill                  trademark and tradename CUI        |   |   | 4,892,856  |   |
| Goodwill                  trademark and tradename V-Infinity |   |   | 1,373,828  |   |
| Goodwill                  patent pending technology          |   |   | 761,962    |   |
| Goodwill                  customer list/base                 |   |   | 2,103,237  |   |
| Liabilities                  assumed                         |   |   | (3,059,683 | )      |
|                                                         |   | $      | 37,500,000 |   |

**Results      of Operations**

----

----

**Item      3. Controls and Procedures**

----

**PART      II - OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      1A:  Risk Factors.**

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

**Common      Stock Issued**

**Warrants      Issued**

**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**

----

**Exhibits      **

| Exhibit                No. |   | Description                                                                                                                                                                                                                                                            |
|----------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.11                       |   | Amended                Articles of Incorporation                                                                                                                                                                                                                       |
|                       |   |                                                                                                                                                                                                                                                                   |
| 3.21                       |   | Bylaws                of the Registrant.                                                                                                                                                                                                                               |
|                       |   |                                                                                                                                                                                                                                                                   |
| 3.32                       |   | Articles                of Amendment to Certificate of Incorporation - Certificate of                Designations, Preferences, Limitations and Relative Rights of the                Series A                Preferred Stock, filed July 25, 2002.                    |
|                       |   |                                                                                                                                                                                                                                                                   |
| 3.42                       |   | Articles                of Amendment to Articles of Incorporation-Terms of Series A Convertible                Preferred Stock, filed November 13, 2003.                                                                                                               |
|                       |   |                                                                                                                                                                                                                                                                   |
| 3.52                       |   | Restated                Articles of Incorporation to increase the authorized common stock                to                150,000,000 shares, filed December 23, 2003.                                                                                                |
|                       |   |                                                                                                                                                                                                                                                                   |
| 3.62                       |   | Restated                Articles of Incorporation - Certificate of Designations of the Series                B                Convertible Preferred Stock, filed April 1, 2004.                                                                                        |
|                       |   |                                                                                                                                                                                                                                                                   |
| 3.74                       |   | Restated                Articles of Incorporation, Officers’ Certificate and Colorado Secretary of                State Certificate filed June 30, 2004 showing corporate name change                to                OnScreen Technologies, Inc.               |
|                       |   |                                                                                                                                                                                                                                                                   |
| 3.87                       |   | Restated                Articles of Incorporation and Colorado Secretary of State Certificate                filed January 7, 2008 showing corporate name change to Waytronx,                Inc.                                                                      |
|                       |   |                                                                                                                                                                                                                                                                   |
| 4.11                       |   | Investment                Agreement dated May 19, 2000 by and between the Registrant and Swartz                Private Equity, LLC.                                                                                                                                    |
|                       |   |                                                                                                                                                                                                                                                                   |
| 4.21                       |   | Form                of "Commitment Warrant" to Swartz Private Equity, LLC for the purchase                of                1,000,000 shares common stock in connection with the offering of                securities.                                                |
|                       |   |                                                                                                                                                                                                                                                                   |
| 4.31                       |   | Form                of "Purchase Warrant" to purchase common stock issued to Swartz Private                Equity, LLC from time to time in connection with the offering of                securities.                                                                 |
|                       |   |                                                                                                                                                                                                                                                                   |
| 4.41                       |   | Warrant                Side-Agreement by and between the Registrant and Swartz Private Equity,                LLC.                                                                                                                                                     |
|                       |   |                                                                                                                                                                                                                                                                   |
| 4.51                       |   | Registration                Rights Agreement between the Registrant and Swartz Private Equity,                LLC                related to the registration of the common stock to be sold pursuant                to the                Swartz Investment Agreement. |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.12                      |   | Employment                Agreement between the Registrant and John Thatch, dated November                2,                1999.                                                                                                                                      |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.22                      |   | Contract                and License Agreement between the Registrant and John Popovich, dated                July                23, 2001.                                                                                                                             |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.32                      |   | Agreement                by and among the Registrant, John Popovich and Fusion Three, LLC,                dated                January 14, 2004.                                                                                                                       |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.42                      |   | Letter                Agreement between the Registrant and John Popovich, dated January                15,                2004.                                                                                                                                        |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.52                      |   | Master                Settlement and Release Agreement by and among the Registrant, Fusion                Three, LLC, Ryan Family Partners, LLC, and Capital Management Group,                Inc.,                dated February 3, 2004.                             |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.62                      |   | First                Amendment to Contract and License Agreement, dated February 3,                2004.                                                                                                                                                               |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.72                      |   | Employment                Agreement between the Registrant and Mark R. Chandler, COO/CFO, dated                December 16, 2003.                                                                                                                                      |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.82                      |   | Employment                Agreement between the Registrant and Stephen K. Velte, CTO dated                November                7, 2003.                                                                                                                             |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.97                      |   | Letter                of Intent for Sale and Purchase of Certain Intellectual Property                dated                June 10, 2005 with Extension of Letter of Intent dated October 12,                2005.                                                     |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.103                     |   | Consulting                Services Agreement by and among the Registrant, David Coloris, Excipio                Group, S.A., dated November 22, 2003.                                                                                                                  |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.112                     |   | Commission                Agreement between the Registrant and Gestibroker dated September                12,                2003.                                                                                                                                     |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.122                     |   | Addendum                to Safety Harbor office, Suite 210, Lease Agreement dated February                1,                2004.                                                                                                                                      |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.134                     |   | Safety                Harbor, Florida office, Suite 130, Lease Agreement dated October                15,                2004.                                                                                                                                         |
|                       |   |                                                                                                                                                                                                                                                                   |
| 10.144                     |   | Second                Addendum to the Employment Agreement of John “JT” Thatch dated February 3,                2004.                                                                                                                                      |

----

| 10.152 |   | Lockup                Agreement between the Registrant and Excipio Group, S.A., dated December                22, 2003.                                                                                                                           |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                              |
| 10.162 |   | Agreement                between the Registrant and Visual Response Media Group, Inc., dated                February 3, 2004.                                                                                                                     |
|   |   |                                                                                                                                                                                                                                              |
| 10.174 |   | Assignment,                dated February 16, 2005, of Registrant’s technology patents ownership from                inventor to CH Capital                                                                                                 |
|   |   |                                                                                                                                                                                                                                              |
| 10.184 |   | Assignment,                dated February 16, 2005, of Registrant’s technology patents ownership from                CH Capital to Company.                                                                                                 |
|   |   |                                                                                                                                                                                                                                              |
| 10.194 |   | Contract                between SMTC Manufacturing Corporation and Registrant dated November                9,                2004                                                                                                                |
|   |   |                                                                                                                                                                                                                                              |
| 10.204 |   | Technology                Reseller Agreement between eLutions, Inc. and Company dated January                31,                2005                                                                                                              |
|   |   |                                                                                                                                                                                                                                              |
| 10.214 |   | Third                Addendum to the Employment Agreement of John “JT” Thatch dated March 28,                2005.                                                                                                                    |
|   |   |                                                                                                                                                                                                                                              |
| 10.224 |   | Promissory                Note dated March 25, 2005 evidencing $1,500,000 unsecured short term                loan                to Registrant.                                                                                                  |
|   |   |                                                                                                                                                                                                                                              |
| 10.235 |   | OnScreen                Technologies, Inc. 2005 Equity Incentive Plan                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                              |
| 10.246 |   | Employment                Agreement between the Registrant and Charles R. Baker dated November                21,                2005.                                                                                                            |
|   |   |                                                                                                                                                                                                                                              |
| 10.256 |   | Employment                Agreement between the Registrant and William J. Clough, Esq. dated                November 21, 2005.                                                                                                                    |
|   |   |                                                                                                                                                                                                                                              |
| 10.278 |   | Addendum                to Employment Agreement between the Registrant and William J. Clough                dated                May 15, 2008.                                                                                                    |
|   |   |                                                                                                                                                                                                                                              |
| 10.288 |   | Employment                Agreement between the Registrant and Daniel N. Ford dated May 15,                2008.                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                              |
| 10.298 |   | Employment                Agreement between the Registrant and Matthew McKenzie dated May 15,                2008.                                                                                                                                |
|   |   |                                                                                                                                                                                                                                              |
| 10.308 |   | Waytronx,                Inc. 2008 Equity Incentive Plan.                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                              |
| 13.1   |   | Annual                Report on Form 10-KSB for the fiscal year ended December 31, 2005                filed                February 24, 2006.                                                                                                    |
|   |   |                                                                                                                                                                                                                                              |
| 13.2   |   | Annual                Report on Form 10-KSB for the fiscal year ended December 31, 2006                filed                April 2, 2007.                                                                                                        |
|   |   |                                                                                                                                                                                                                                              |
| 13.3   |   | Annual                Report on Form 10-KSB for the fiscal year ended December 31, 2007                filed                April 1, 2008.                                                                                                        |
|   |   |                                                                                                                                                                                                                                              |
| 14.15  |   | Registrant’s                Code of Ethics for Principal Executive and Financial Officers and                Code of                Ethics and Business Conduct Statement of General                Policy.                                 |
|   |   |                                                                                                                                                                                                                                              |
| 22.1   |   | Proxy                Statement and Notice of 2006 Annual Shareholder Meeting filed September                29, 2006.                                                                                                                             |
|   |   |                                                                                                                                                                                                                                              |
| 22.2   |   | Proxy                Statement and Notice of Special Meeting of Shareholders to increase                the                number of authorized common shares from 150,000,000 to 200,000,000                filed                May 19, 2006.   |
|   |   |                                                                                                                                                                                                                                              |
| 22.3   |   | Proxy                Statement and Notice of 2007 Annual Shareholder Meeting filed November                6,                2007.                                                                                                                |
|   |   |                                                                                                                                                                                                                                              |
| 22.4   |   | Proxy                Statement and Notice of Special Meeting of Shareholders to increase                the                number of authorized common shares from 200,000,000 to 320,000,000                filed                July 8, 2008.   |
|   |   |                                                                                                                                                                                                                                              |
| 23.49  |   | Consent                of Webb & Company, P. A., Independent Registered Public Accounting                Firm for incorporation by reference of their report into Form 10-Q                filed                herewith.                     |
|   |   |                                                                                                                                                                                                                                              |
| 31.19  |   | Certification                of Chief Executive Officer pursuant to Exchange Act Rules 13a-15(e)                and                15d-15(e), as adopted pursuant to Section 203 of the Sarbanes-Oxley                Act of                2002. |
|   |   |                                                                                                                                                                                                                                              |
| 31.29  |   | Certification                of Chief Financial Officer pursuant to Exchange Act Rules 13a-15(e)                and                15d-15(e), as adopted pursuant to Section 203 of the Sarbanes-Oxley                Act of                2002. |
|   |   |                                                                                                                                                                                                                                              |
| 32.19  |   | Certification                of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as                adopted                pursuant to Section 906 of the Sarbanes-Oxley Act of                2002.                                    |
|   |   |                                                                                                                                                                                                                                              |
| 32.29  |   | Certification                of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as                adopted                pursuant to Section 906 of the Sarbanes-Oxley Act of                2002.                                    |

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| 1      | Incorporated                by reference to our Registration Statement on Form SB-2/A filed with                the                Commission on October 26, 2001. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                               |
| 2      | Incorporated                by reference to our Report on Form 10-KSB filed with the Commission                on                April 14, 2004.                   |
|   |                                                                                                                                                               |
| 3      | Incorporated                by reference to our Report on Form S-8 filed with the Commission                on                January 15, 2004.                    |
|   |                                                                                                                                                               |
| 4      | Incorporated                by reference to our Report on Form 10-KSB filed with the Commission                on                March 31, 2005.                   |
|   |                                                                                                                                                               |
| 5      | Incorporated                by reference to our Proxy Statement pursuant to Section 14(a) filed                October 7, 2005.                                    |
|   |                                                                                                                                                               |
| 6      | Incorporated                by reference to our Report on Form 10-KSB filed with the Commission                on                February 24, 2006.                |
|   |                                                                                                                                                               |
| 7      | Incorporated                by reference to our Registration Statement on Form S-8 filed March                12,                2008.                             |
|   |                                                                                                                                                               |
| 8      | Incorporated                by reference to our Registration Statement on Form S-8 filed July                25,                2008.                              |
|   |                                                                                                                                                               |
| 9      | Filed                herewith.                                                                                                                                     |

**Reports      on Form 8-K**

|   | 1. | The                Company filed a Report on Form 8-K on June 12, 2008, amendment filed                July                3, 2008, announcing the formation of a wholly owned subsidiary corporation                that acquired the assets of CUI, Inc. in consideration for $37.5                million                in cash and convertible promissory notes. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|

|   | 2. | The                Company filed a Report on Form 8-K on June 18, 2008 announcing: (i)                the                appointment of Colton Melby to the Board of Directors and election                as                Chairman of the Board and (ii) that two directors, John P. Rouse                and                Bradley J. Hallock, will not run for re-election to the Board at                the                September 15, 2008 Annual Meeting of Shareholders. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|

|   | 3. | The                Company filed a Report on Form 8-K on July 24, 2008 announcing: (i)                the                appointment of Sean P. Rooney and Matthew M. McKenzie to the Board                of                Directors. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|         |                                             |                                    |
|--------------|--------------------------------------------------|-----------------------------------------|
|         | Waytronx,              Inc.                      |
|    |                                        |                               |
|         | By:                                    | /s/ William              J. Clough |
|         | William              J. Clough,                  |
|         | Chief                Executive Officer/President |

|   |                                   |                                              |
|--------|----------------------------------------|---------------------------------------------------|
|   | by:                          | /s/ Daniel              N.              Ford |
|   | Daniel              N. Ford,           |
|   | Chief                Financial Officer |

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