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| IGEN Networks Corp.                                    |
|--------------------------------------------------------|
| (Exact name of registrant as specified in its charter) |

| Nevada                                                              | 20-5879021                          |
|---------------------------------------------------------------------|-------------------------------------|
| (State or Other Jurisdiction of incorporation or organization) | (I.R.S. EmployerIdentification No.) |

| 1100 H Street NW, Suite 920, Washington, DC, 20005  |
|-----------------------------------------------------|
| (Address of principal executive offices) (Zip Code) |

|  1-888-244-3650(Registrant's telephone number including area code) |
|-------------------------------------------------------------------------|

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

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Table of Contents

TABLE 

| PART I   |                                                                                        | Page        |
|----------|---------------------------------------------------------------------------------------------|-------------|
|     |                                                                                        |        |
| ITEM 1.  | FINANCIAL STATEMENTS                                                                        | F-1 to F-13 |
| ITEM 2.  | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 3           |
| ITEM 3.  | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                  | 6           |
| ITEM 4.  | CONTROLS AND PROCEDURES                                                                     | 6           |
|     |                                                                                        |        |
| PART II  |                                                                                        |        |
|     |                                                                                        |        |
| ITEM 1.  | LEGAL PROCEEDINGS                                                                           | 7           |
| ITEM 1A. | RISK FACTORS                                                                                | 7           |
| ITEM 2.  | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                                 | 7           |
| ITEM 3.  | DEFAULTS UPON SENIOR SECURITIES                                                             | 7           |
| ITEM 4.  | MINE SAFETY DISCLOSURES                                                                     | 7           |
| ITEM 5.  | OTHER INFORMATION                                                                           | 7           |
| ITEM 6.  | EXHIBITS                                                                                    | 7           |

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Table of Contents

|                                                            |   | June 30, 2012 |       |   | December 31, 2011 |   |
|-----------------------------------------------------------------|--------|---------------|------------|--------|-------------------|--------|
| Assets                                                          |   |          |       |   |              |   |
| Current                                                         |   |          |       |   |              |   |
| Cash                                                            |   | $             | 216,813    |   |              | $      | 197,331 |   |
| Accounts receivable                                             |   |          | 4,247      |   |              | $      | 2,950 |   |
| HST Receivable                                                  |   |          | 2,208      |   |              |   |   |   |
| Prepaid expenses                                                |   |          | 15,568     |   |              |   | 23,598 |   |
|                                                            |   |          |       |   |              |   |   |   |
|                                                            |   |          | 238,836    |   |              |   | 223,879 |   |
|                                                            |   |          |       |   |              |   |   |   |
| Investment (Note 3)                                             |   |          | 300,000    |   |              |   | 300,000 |   |
| Office equipment (Note 4)                                       |   |          | 873        |   |              |   | 970 |   |
|                                                            |   |          |       |   |              |   |   |   |
| Total Assets                                                    |   | $             | 539,709    |   |              | $      | 524,849 |   |
|                                                            |   |          |       |   |              |   |   |   |
| Liabilities and Shareholders' Equity                            |   |          |       |   |              |   |   |   |
| Current liabilities                                             |   |          |       |   |              |   |   |   |
| Accounts payable                                                |   | $             | 21,987     |   |              | $      | 56,481 |   |
| Accrued liabilities                                             |   |          | 4,870      |   |              |   | 25,317 |   |
|                                                            |   |          |       |   |              |   |   |   |
|                                                            |   |          | 26,857     |   |              |   | 81,798 |   |
| Shareholders’ Equity (Deficit)                            |   |          |       |   |              |   |   |   |
| Capital Stock (Note 6)                                          |   |          |       |   |              |   |   |   |
| Authorized - 375,000,000 common shares with $0.001 par value    |   |          |       |   |              |   |   |   |
| Issued and outstanding - 14,649,145 and 11,049,145 respectively |   |          | 14,649     |   |              |   | 14,049 |   |
| Additional paid-in capital                                      |   |          | 4,912,373  |   |              |   | 4,704,473 |   |
| Deficit accumulated during the development stage                |   |          | (4,414,170 | )      |              |   | (4,275,471 | ) |
|                                                            |   |          | 512,852    |   |              |   | 443,051 |   |
| Total Liabilities and Shareholders' Deficit                     |   | $             | 539,709    |   |              | $      | 524,849 |   |

| Approved on Behalf of the Board |           |   |   |
|---------------------------------|----------------|--------|--------|
|                            |           |   |   |
| "Neil Chan"                     |  Director |   |   |
|                            |           |   |   |
| "Richard Freeman"               |  Director |   |   |
|                            |           |   |   |

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Table of Contents

|                                                     |   | Three Months |       |   | Three Months |   |       | Six months |   |   | Six months |   |   | Cumulative Totals   |       |
|----------------------------------------------------------|--------|--------------|------------|--------|--------------|--------|------------|------------|--------|--------|------------|--------|--------|---------------------|------------|
|                                                     |   | Ended        |       |   | Ended        |   |       | Ended      |   |   | Ended      |   |   | from Inception      |       |
|                                                     |   | June 30,     |       |   | June 30,     |   |       | June 30,   |   |   | June 30,   |   |   | (November 14, 2006) |       |
|                                                     |   | 2012         |       |   | 2011         |   |       | 2012       |   |   | 2011       |   |   | to Jun 30, 2012     |       |
|                                                     |   |         |       |   |         |   |       |       |   |   |       |   |   |                |       |
| Revenue                                                  |   |         |       |   |         |   |       |       |   |   |       |   |   |                |       |
| Management services                                      |   | $            | 6,679      |   |         | $      | -          |       |   | $      | 6,679      |   |   | $                   | -          |   |   | $ | 6,679 |   |
| Commission income                                        |   |         | 15,042     |   |         |   | -          |       |   |   | 22,535     |   |   |                |       |   |   |   | 25,485 |   |
|                                                     |   |         | 21,721     |   |         |   | -          |       |   |   | 29,214     |   |   |                | -          |   |   |   | 32,164 |   |
| Expenses                                                 |   |         |       |   |         |   |       |       |   |   |       |   |   |                |       |   |   |   |   |   |
| Advertising expense                                      |   |         | 11,845     |   |         |   | -          |       |   |   | 11,845     |   |   |                | -          |   |   |   | 31,845 |   |
| Consulting and business development fees                 |   |         | 2,646      |   |         |   | 25,000     |       |   |   | 7,804      |   |   |                | 65,500     |   |   |   | 1,788,514 |   |
| Depreciation                                             |   |         | 49         |   |         |   |       |       |   |   | 97         |   |   |                | -          |   |   |   | 205 |   |
| General and administrative                               |   |         | 28,504     |   |         |   | 97         |       |   |   | 53,058     |   |   |                | 146        |   |   |   | 157,906 |   |
| Interest expense                                         |   |         | (65        | )      |         |   | -          |       |   |   | -          |   |   |                | -          |   |   |   | 22,839 |   |
| Management fees (Note 5)                                 |   |         | 27,359     |   |         |   | -          |       |   |   | 56,163     |   |   |                | 4,500      |   |   |   | 1,018,614 |   |
| Professional fees                                        |   |         | 16,305     |   |         |   | 2,000      |       |   |   | 32,304     |   |   |                | -          |   |   |   | 329,218 |   |
| Stock-based compensation                                 |   |         | -          |   |         |   | -          |       |   |   | -          |   |   |                | -          |   |   |   | 716,656 |   |
| Transfer agent & filing fees                         |   |         | 3,727      |   |         |   | 3,476      |       |   |   | 5,131      |   |   |                | 7,488      |   |   |   | 39,270 |   |
| Travel and accommodation                                 |   |         | 14,828     |   |         |   | -          |       |   |   | 28,972     |   |   |                | 390        |   |   |   | 192,736 |   |
|                                                     |   |         |       |   |         |   |       |       |   |   |       |   |   |                |       |   |   |   |   |   |
|                                                     |   |         | 105,198    |   |         |   | 30,573     |       |   |   | 195,374    |   |   |                | 78,024     |   |   |   | 4,297,802 |   |
|                                                     |   |         |       |   |         |   |       |       |   |   |       |   |   |                |       |   |   |   |   |   |
| Foreign exchange                                         |   |         | (437       | )      |         |   | (1,336     | )          |   |   | (437       | )      |   |                | (1,336     | ) |   |   | (437 | ) |
| Write-off of technology license                          |   |         | -          |   |         |   | -          |       |   |   | -          |   |   |                | -          |   |   |   | 467,000 |   |
| Gain on debt settlement                                  |   |         | (27,024    | )      |         |   | -          |       |   |   | (27,024    | )      |   |                | -          |   |   |   | (318,032 | ) |
|                                                     |   |         |       |   |         |   |       |       |   |   |       |   |   |                |       |   |   |   |   |   |
|                                                     |   |         | (27,461    | )      |         |   | (1,336     | )          |   |   | (27,461    | )      |   |                | (1,336     | ) |   |   | 148,531 |   |
| Net Income (Loss)  Applicable to Common Shares |   | $            | (56,016    | )      |         | $      | (29,237    | )          |   | $      | (138,699   | )      |   | $                   | (76,688    | ) |   | $ | (4,414,170 | ) |
| Net Loss per Basic and Diluted Shares                    |   | $            | (0.00      | )      |         | $      | (0.00      | )          |   | $      | (0.01      | )      |   | $                   | (0.01      | ) |   |   |   |   |
| Weighted Average Number of Common Shares Outstanding     |   |         | 14,062,188 |   |         |   | 11,436,427 |       |   |   | 14,055,702 |   |   |                | 11,436,427 |   |   |   |   |   |

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|                                                                           |   | Six months |     |   | Six months |   |    | Cumulative Totals   |   |
|--------------------------------------------------------------------------------|--------|------------|----------|--------|------------|--------|---------|---------------------|--------|
|                                                                           |   | Ended      |     |   | Ended      |   |    | from Inception      |   |
|                                                                           |   | June 30,   |     |   | June 30,   |   |    | (November 14, 2006) |   |
|                                                                           |   | 2012       |     |   | 2011       |   |    | to Jun 30, 2012     |   |
| Cash Flows from Operating Activities                                           |   |       |     |   |       |   |    |                |   |
| Net loss                                                                       |   | $          | (138,699 | )      |       | $      | (76,688 | )                   |   | $ | (4,414,170 | ) |
| Adjustments to reconcile net loss to net cashprovided by (used in) operations: |   |       |     |   |       |   |    |                |   |   |   |   |
| Depreciation                                                                   |   |       | 97       |   |       |   | -       |                |   |   | 205 |   |
| Write-off of technology license                                                |   |       | -        |   |       |   | -       |                |   |   | 467,000 |   |
| (Increase) decrease in prepaid expenses                                        |   |       | 8,030    |   |       |   | -       |                |   |   | (15,568 | ) |
| (Increase) decrease in prepaid expenses                                        |   |       | (2,208   | )      |       |   | -       |                |   |   | (2,208 | ) |
| (Increase) decrease in accounts receivable                                     |   |       | (1,297   | )      |       |   | -       |                |   |   | (4,247 | ) |
| Increase (decrease) in accounts payable and accrued liabilities                |   |       | (54,941  | )      |       |   | 52,818  |                |   |   | 423,138 |   |
| Increase (decrease) in shareholder's loans                                     |   |       | -        |   |       |   | (5,184  | )                   |   |   | 204,954 |   |
| Shares issued for services                                                     |   |       | -        |   |       |   | -       |                |   |   | 2,249,500 |   |
| Gain on debt settlement                                                        |   |       | (27,024  | )      |       |   | -       |                |   |   | (318,032 | ) |
| Stock-based compensation                                                       |   |       | -        |   |       |   | -       |                |   |   | 716,656 |   |
|                                                                           |   |       |     |   |       |   |    |                |   |   |   |   |
| Net cash used in operating activities                                          |   |       | (216,042 | )      |       |   | (29,054 | )                   |   |   | (692,772 | ) |
|                                                                           |   |       |     |   |       |   |    |                |   |   |   |   |
| Cash Flows from Investing Activities                                           |   |       |     |   |       |   |    |                |   |   |   |   |
| Investment in Gogiro                                                           |   |       | -        |   |       |   | -       |                |   |   | (50,000 | ) |
| Acquisition of capital assets                                                  |   |       | -        |   |       |   | -       |                |   |   | (1,078 | ) |
| Acquisition of technology license                                              |   |       | -        |   |       |   | -       |                |   |   | (467,000 | ) |
|                                                                           |   |       |     |   |       |   |    |                |   |   |   |   |
| Net cash provided from investing activities                                    |   |       | -        |   |       |   | -       |                |   |   | (518,078 | ) |
|                                                                           |   |       |     |   |       |   |    |                |   |   |   |   |
| Cash Flows from Financing Activities                                           |   |       |     |   |       |   |    |                |   |   |   |   |
| Common stock issued for cash                                                   |   |       | -        |   |       |   | -       |                |   |   | 926,050 |   |
| Proceeds received from common stock issued for debt settlement                 |   |       | 43,024   |   |       |   | -       |                |   |   | 43,024 |   |
| Proceeds received from exercised warrants                                      |   |       | 192,500  |   |       |   | -       |                |   |   | 192,500 |   |
| Proceeds received from loans - related parties                                 |   |       | -        |   |       |   | 34,088  |                |   |   | 287,100 |   |
| Payments made on loans - related parties                                       |   |       | -        |   |       |   | -       |                |   |   | (21,011 | ) |
|                                                                           |   |       |     |   |       |   |    |                |   |   |   |   |
| Net cash provided by financing activities                                      |   |       | 235,524  |   |       |   | 34,088  |                |   |   | 1,427,663 |   |
| Net Increase (Decrease) in cash                                                |   |       | 19,482   |   |       |   | 5,034   |                |   |   | 216,813 |   |
| Cash, Beginning of Period                                                      |   |       | 197,331  |   |       |   | 746     |                |   |   |   |   |
| Cash, End of Period                                                            |   | $          | 216,813  |   |       | $      | 5,780   |                |   | $ | 216,813 |   |
|                                                                           |   |       |     |   |       |   |    |                |   |   |   |   |
| Supplemental Cash Flow Information                                             |   |       |     |   |       |   |    |                |   |   |   |   |
|    Non-cash operating, financing and investing activities       |   |       |     |   |       |   |    |                |   |   |   |   |
|       Shares issued for services                 |   | $          | -        |   |       | $      | -       |                |   | $ | - |   |
|       Shares issued for technology               |   | $          | -        |   |       | $      | -       |                |   | $ | - |   |
|       Shares issued for settlement of debt       |   | $          | 16,000   |   |       | $      | -       |                |   | $ | - |   |
|       Shares issued for investment               |   | $          | -        |   |       | $      | -       |                |   | $ | - |   |

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Table of Contents

|                                                                                                          |   |         |       |   |       |   |   | Deficit         |   |   |                |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------------|------------|--------|------------|--------|--------|-----------------|--------|--------|---------------------|--------|
|                                                                                                          |   |         |       |   |       |   |   | Accumulated     |   |   |                |   |
|                                                                                                          |   |         |       |   |       |   |   | During the      |   |   | Total               |   |
|                                                                                                          |   | Common Stock |       |   | Additional |   |   | Development     |   |   | Stockholders’ |   |
|                                                                                                          |   | Shares       |       |   | Amount     |   |   | Paid-in-capital |   |   | Stage               |   |   | Equity (Deficit) |   |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |
| Balance from inception                                                                                        |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |
| November 14, 2006                                                                                             |   |         | -          |   |       | $      | -      |            |   | $      | -                   |   |   | $ | - |   |   | $ | - |   |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash - November 14, 2006                                                              |   |         | 853,300    |   |       |   | 853    |            |   |   | 16,197              |   |   |   | - |   |   |   | 17,050 |   |
| Common stock issued for cash - November 20, 2006                                                              |   |         | 2,200      |   |       |   | 2      |            |   |   | 43,998              |   |   |   | - |   |   |   | 44,000 |   |
| Net loss                                                                                                      |   |         | -          |   |       |   | -      |            |   |   | -                   |   |   |   | (1,288 | ) |   |   | (1,288 | ) |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2006                                                                                     |   |         | 855,500    |   |       |   | 855    |            |   |   | 60,195              |   |   |   | (1,288 | ) |   |   | 59,762 |   |
| Net loss                                                                                                      |   |         | -          |   |       |   | -      |            |   |   |                |   |   |   | (46,112 | ) |   |   | (46,112 | ) |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2007                                                                                     |   |         | 855,500    |   |       |   | 855    |            |   |   | 60,195              |   |   |   | (47,400 | ) |   |   | 13,650 |   |
| Net loss                                                                                                      |   |         | -          |   |       |   | -      |            |   |   |                |   |   |   | (46,414 | ) |   |   | (46,414 | ) |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2008                                                                                     |   |         | 855,500    |   |       |   | 855    |            |   |   | 60,195              |   |   |   | (93,814 | ) |   |   | (32,764 | ) |
| Net loss                                                                                                      |   |         | -          |   |       |   | -      |            |   |   |                |   |   |   | (322,577 | ) |   |   | (322,577 | ) |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2009                                                                                     |   |         | 855,500    |   |       |   | 855    |            |   |   | 60,195              |   |   |   | (416,391 | ) |   |   | (355,341 | ) |
| Common shares issued for services on February 15, 2010 at $0.06 per share                                     |   |         | 2,200,000  |   |       |   | 2,200  |            |   |   | 129,800             |   |   |   | - |   |   |   | 132,000 |   |
| Common shares issued for debt on February 15, 2010 at $0.06 per share                                         |   |         | 3,250,000  |   |       |   | 3,250  |            |   |   | 191,750             |   |   |   | - |   |   |   | 195,000 |   |
| Common shares issued for technology (in-trust) on March 30, 2010 at $nil per share                            |   |         | 3,000,000  |   |       |   | 3,000  |            |   |   | (3,000              | )      |   |   | - |   |   |   | - |   |
| Common shares issued for technology on April 13, 2010 at $0.65 per share                                      |   |         | 2,000,000  |   |       |   | 2,000  |            |   |   | 1,298,000           |   |   |   | - |   |   |   | 1,300,000 |   |
| Common shares issued for cash on May 10, 2010 at $0.60 per share                                              |   |         | 350,000    |   |       |   | 350    |            |   |   | 209,650             |   |   |   | - |   |   |   | 210,000 |   |
| Cancel and return to treasury,  shares  held (in-trust) on May 25, 2010 at $nil per share |   |         | (3,000,000 | )      |       |   | (3,000 | )               |   |   | 3,000               |   |   |   | - |   |   |   | - |   |
| Common shares issued for services on May 27, 2010 at $0.77 per share                                          |   |         | 1,750,000  |   |       |   | 1,750  |            |   |   | 1,345,750           |   |   |   | - |   |   |   | 1,347,500 |   |
| Common shares issued for services on Jul 5, 2010 at $0.50 per share                                           |   |         | 200,000    |   |       |   | 200    |            |   |   | 99,800              |   |   |   | - |   |   |   | 100,000 |   |
| Common shares issued for services on Jul 8, 2010 at $0.50 per share                                           |   |         | 500,000    |   |       |   | 500    |            |   |   | 249,500             |   |   |   | - |   |   |   | 250,000 |   |
| Incentive stock options granted on July 15, 2010 at a $0.70 exercise price                                    |   |         | -          |   |       |   | -      |            |   |   | 716,656             |   |   |   | - |   |   |   | 716,656 |   |
| Common shares issued for cash on Sep 17, 2010 at $0.50 per share                                              |   |         | 300,000    |   |       |   | 300    |            |   |   | 149,700             |   |   |   | - |   |   |   | 150,000 |   |
| Common shares issued for services on Nov 22, 2010 at $0.97 per share                                          |   |         | 30,927     |   |       |   | 31     |            |   |   | 29,969              |   |   |   | - |   |   |   | 30,000 |   |
| Net loss                                                                                                      |   |         | -          |   |       |   | -      |            |   |   | -                   |   |   |   | (2,983,401 | ) |   |   | (2,983,401 | ) |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2010                                                                                     |   |         | 11,436,427 |   |       |   | 11,436 |            |   |   | 4,480,770           |   |   |   | (3,399,792 | ) |   |   | 1,092,414 |   |
| Cancellation of common shares issued for technology on April 13, 2010 at $0.65 per share                      |   |         | (2,000,000 | )      |       |   | (2,000 | )               |   |   | (1,298,000          | )      |   |   | - |   |   |   | (1,300,000 | ) |
| Common shares issued for services on May 16, 2011 at $0.60 per share                                          |   |         | 650,000    |   |       |   | 650    |            |   |   | 389,350             |   |   |   | - |   |   |   | 390,000 |   |
| Common shares issued for cash on September 8, 2011 at $0.60 per share                                         |   |         | 41,667     |   |       |   | 42     |            |   |   | 24,959              |   |   |   | - |   |   |   | 25,000 |   |
| Common shares issued for cash on September 8, 2011 at $0.60 per share                                         |   |         | 50,000     |   |       |   | 50     |            |   |   | 29,950              |   |   |   | - |   |   |   | 30,000 |   |
| Common shares issued for cash on September 12, 2011 at $0.30 per share                                        |   |         | 1,499,999  |   |       |   | 1,500  |            |   |   | 448,500             |   |   |   | - |   |   |   | 450,000 |   |
| Common shares issued for debt on December 5, 2011 at $0.30 per share                                          |   |         | 1,271,052  |   |       |   | 1,271  |            |   |   | 380,045             |   |   |   | - |   |   |   | 381,316 |   |
| Common shares issued for services on December 7, 2011 at $0.30 per share                                      |   |         | 100,000    |   |       |   | 100    |            |   |   | 29,900              |   |   |   | - |   |   |   | 30,000 |   |
| Common shares issued for investment on December 31, 2011 at $0.25 per share                                   |   |         | 1,000,000  |   |       |   | 1,000  |            |   |   | 249,000             |   |   |   | - |   |   |   | 250,000 |   |
| Share issuance costs                                                                                          |   |         | -          |   |       |   | -      |            |   |   | (30,000             | )      |   |   | - |   |   |   | (30,000 | ) |
| Net loss                                                                                                      |   |         | -          |   |       |   | -      |            |   |   | -                   |   |   |   | (875,679 | ) |   |   | (875,679 | ) |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2011                                                                                     |   |         | 14,049,145 |   |       |   | 14,049 |            |   |   | 4,704,473           |   |   |   | (4,275,471 | ) |   |   | 443,051 |   |
| Common shares issued for debt on June 28, 2012 at $0.32 per share                                        |   |         | 50,000     |   |       |   | 50     |            |   |   | 15,950              |   |   |   | - |   |   |   | 16,000 |   |
| Exercised warrants on June 29, 2012 at 0.35 per warrant                                                       |   |         | 333,333    |   |       |   | 333    |            |   |   | 116,333             |   |   |   | - |   |   |   | 116,667 |   |
| Exercised warrants on June 29, 2012 at 0.35 per warrant                                                       |   |         | 166,667    |   |       |   | 167    |            |   |   | 58,167              |   |   |   | - |   |   |   | 58,333 |   |
| Exercised warrants on June 29, 2012 at 0.35 per warrant                                                       |   |         | 50,000     |   |       |   | 50     |            |   |   | 17,450              |   |   |   | - |   |   |   | 17,500 |   |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                                      |   |         | -          |   |       |   | -      |            |   |   | -                   |   |   |   | (138,699 | ) |   |   | (138,699 | ) |
|                                                                                                          |   |         |       |   |       |   |   |            |   |   |                |   |   |   |   |   |   |   |   |   |
| Balance June 30, 2012                                                                                         |   |         | 14,649,145 |   |       |   | 14,649 |            |   |   | 4,912,373           |   |   |   | (4,414,170 | ) |   |   | 512,852 |   |

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| 1. | Nature and Continuance of Operations |
|----|--------------------------------------|

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

| a)   | Basis of Presentation and Consolidation |
|----------------|-----------------------------------------|

| b)   | Use of Estimates |
|----------------|------------------|

| c)   | Basic and Diluted Net Income (Loss) Per Share |
|----------------|-----------------------------------------------|

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| 2. | Summary of Significant Accounting Policies (Continued) |
|----|--------------------------------------------------------|

| d)   | Financial Instruments |
|----------------|-----------------------|

| e)   | Office Equipment |
|----------------|------------------|

| Office equipment | 20% | declining balance |
|-----------------------|-----|------------------------|

| f)   | Revenue recognition |
|----------------|---------------------|

| g)   | Foreign Currency Transactions/Balances |
|----------------|----------------------------------------|

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| 2. | Summary of Significant Accounting Policies (Continued) |
|----|--------------------------------------------------------|

| h)   | Income Taxes |
|----------------|--------------|

| i)   | Changes in Accounting Policies and Recent Accounting Pronouncements |
|----------------|---------------------------------------------------------------------|

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| 2. | Summary of Significant Accounting Policies (Continued) |
|----|--------------------------------------------------------|

| j)   | Reclassifications |
|----------------|-------------------|

| k)   | Comprehensive loss |
|----------------|--------------------|

| l)   | Impairment of Intangible and Other Long-lived Assets |
|----------------|------------------------------------------------------|

| 3.   | Investments |
|----------------|-------------|

| Summary:               |                           |   |   |    |
|------------------------|--------------------------------|--------|--------|---------|
|                   |                           |   |   |    |
| Investment in Machlink | 43 common shares acquired      |   | $      | 250,000 |   |
|                   |                           |   |   |    |   |
| Investment in Gogiro   | 200,000 common shares acquired |   | $      | 50,000  |   |
|                   |                           |   |   |    |   |
| Total Investments      |                           |   | $      | 300,000 |   |

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| 4.   | Office Equipment |
|----------------|------------------|

|             |   |   |   |   |                     |   |   | Net Book Value |   |
|------------------|--------|--------|--------|--------|--------------------------|--------|--------|----------------|--------|
|             |   | Cost   |   |   | Accumulated Amortization |   |   | 2012           |   |   | 2011 |   |
| Office equipment |   | $      | 1,078  |   |                     | $      | 205    |           |   | $ | 873 |   |   | $ | 970 |   |
|             |   | $      | 1,078  |   |                     | $      | 205    |           |   | $ | 873 |   |   | $ | 970 |   |
|             |   |   |   |   |                     |   |   |           |   |   |   |   |   |   |   |   |

| 5.   | Related Party Transactions |
|----------------|----------------------------|

| 6.   | Stockholders' Equity (Deficit) |
|----------------|--------------------------------|

| a)   | Upon incorporation in November 2006, the company undertook a private offering of 853,000 (post 5:1 forward split and 1:100 reverse split) shares of its common stock for $17,050 in cash.  Also in November 2006, the company issued 2,200 (post 5:1 forward split and 1:100 reverse split) shares of its common stock for $44,000 in cash. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | The Company approved a 5:1 forward split of the Company’s common stock October 15, 2008, such that each shareholder of record as of the effective date received five new shares for each one old share. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | The Company approved a 1:100 reverse split of the Company’s common stock May 18, 2009, such that each shareholder of record as of the effective date received one new share for one hundred old shares. All references to issued and outstanding shares in these financial statements are shown as post forward and reverse splits as if the splits had been effective at the beginning of the first period presented. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | During the twelve months ended December 31, 2010, the company issued the following shares under the Securities Act of 1933 exemption Rule 144: |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

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| 6.   | Stockholders' Equity (Deficit) (Continued) |
|----------------|--------------------------------------------|

| e)   | During the twelve months ended December 31, 2011 the Company issued the following shares under the Securities Act of 1933 exemption Rule 144: |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

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| 6.   | Stockholders' Equity (Deficit) (Continued) |
|----------------|--------------------------------------------|

| f)   | During the six months ended June 30, 2012 the Company issued the following shares under the Securities Act of 1933 exemption Rule 144: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------|

| g)   | Common share purchase warrants: |
|----------------|---------------------------------|

|                          |   | Sept 6 2011 |   |   | Sept 26 2011 |   |
|-------------------------------|--------|-------------|--------|--------|--------------|--------|
| Expected Life of the warrants |   |        | 1      |   |         |   | 1 |   |
| Volatility                    |   |        | 118.52 | %      |         |   | 118.52 | % |
| Expected Dividends            |   |        | 0.00   | %      |         |   | 0.00 | % |
| Risk-Free Rate                |   |        | 0.92   | %      |         |   | 0.95 | % |

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| 6.   | Stockholders' Equity (Deficit) (Continued) |
|----------------|--------------------------------------------|

|                                           |   | Number of warrants |      |   | Weighted average exercise price |   |
|------------------------------------------------|--------|--------------------|-----------|--------|---------------------------------|--------|
|                                           |   |               | $         |   |                            |   | $ |   |
|                                           |   |               |      |   |                            |   |   |   |
| Warrants outstanding – Beginning of year |   |               | 1,591,666 |   |                            |   | 0.35 |   |
| Exercised                                      |   |               | (550,000  | )      |                            |   | 0.35 |   |
| Expired                                        |   |               | (91,667   | )      |                            |   | 0.35 |   |
| Warrants outstanding – End of year       |   |               | 949,999   |   |                            |   | 0.35 |   |

| Exercise Price ($) |   | Expiry date |               | Warrants outstanding |    | Weighted average remaining life (years) |   |
|--------------------|--------|-------------|--------------------|----------------------|---------|-----------------------------------------|--------|
|               |   |        |               |                 |    |                                    |   |
|               | 0.35   |        | September 6, 2012  |                 | 699,999 |                                    | 0.19   |   |
|               | 0.35   |        | September 26, 2012 |                 | 250,000 |                                    | 0.24   |   |
|               |   |        |               |                 | 949,999 |                                    | 0.31   |   |

| h)   | Stock Options |
|----------------|---------------|

| 7.   | Subsequent Event |
|----------------|------------------|

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Item 

|   | • Typically include words and phrases about the future such as “outlook”, “may”, “estimates”, “intends”, “believes”, “plans”, “anticipates” and “expects”; |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • Are not promises or guarantees of future performance. They represent our current views and may change significantly; |
|--------|------------------------------------------------------------------------------------------------------------------------------|

|   | • Are based on a number of assumptions, including those listed below, which could prove to be significantly incorrect: |
|--------|------------------------------------------------------------------------------------------------------------------------------|

| -   | Our ability to find viable companies in which to invest |
|---------------|---------------------------------------------------------|

| -   | Our ability successfully manage companies in which we invest |
|---------------|--------------------------------------------------------------|

| -   | Our ability to successfully raise capital |
|---------------|-------------------------------------------|

| -   | Our ability to successfully expand and leverage the distribution channels of our portfolio companies; |
|---------------|-------------------------------------------------------------------------------------------------------|

| -   | Our ability to develop new distribution partnerships and channels |
|---------------|-------------------------------------------------------------------|

| -   | Expected tax rates and foreign exchange rates. |
|---------------|------------------------------------------------|

|   | • Are subject to substantial known and unknown material risks and uncertainties. Many factors could cause our actual results, achievements and developments in our business to differ significantly from those expressed or implied by our forward-looking statements.    Actual revenues and growth projections of the Company or companies in which we are invested may be lower than we expect for any reason, including, without limitation: |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | the continuing uncertain economic conditions |
|---------------|----------------------------------------------|

| -   | price and product competition |
|---------------|-------------------------------|

| -   | changing product mixes, |
|---------------|-------------------------|

| -   | the loss of any significant customers, |
|---------------|----------------------------------------|

| -   | competition from new or established companies, |
|---------------|------------------------------------------------|

| -   | higher than expected product, service, or operating costs, |
|---------------|------------------------------------------------------------|

| -   | inability to leverage intellectual property rights, |
|---------------|-----------------------------------------------------|

| -   | delayed product or service introductions |
|---------------|------------------------------------------|

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| -   | An increase in working capital surplus to $211,979, due primarily to proceeds from the exercise of warrants |
|---------------|-------------------------------------------------------------------------------------------------------------|

| -   | A tripling of Q2 revenues over Q1 |
|---------------|-----------------------------------|

| -   | Three consecutive quarters of revenue growth |
|---------------|----------------------------------------------|

| -   | A 32% reduction in net losses over Q1 (from $82,683 to $56,016) demonstrating a trend toward profitability |
|---------------|------------------------------------------------------------------------------------------------------------|

| -   | A net increase in cash over the previous quarter |
|---------------|--------------------------------------------------|

| -   | Launch of a new self-contained portable cellular network called InstanetTM at National Police Week in Washington D.C. in May 2012.  InstanetTM is manufactured by Star Solutions, with which the Company has a global distribution agreement; |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Filing of a preliminary non-offering prospectus with the British Columbia Securities Commission (BCSC) in June 2012, in anticipation of applying for a listing of its common shares on the Canadian National Stock Exchange (CNSX), subject to fulfilling the listing requirements; |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Holding the Company’s first ever investor conference-call/webinar in July 2012. |
|---------------|---------------------------------------------------------------------------------------|

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Item 

| 3(i)       | Articles of Incorporation and amendments               |   |
|------------|--------------------------------------------------------|--------|
| 3(ii)      | Bylaws                                                 |   |
| 31.1       | Certification – Rule 13(a)-14(a)/15d-14(a) - CEO |   |
| 31.2       | Certification – Rule 13(a)-14(a)/15d-14(a) - COO |   |
| 32.1  | Certification – Section 1350 - CEO               |   |
| 32.2       | Certification – Section 1350 – COO         |   |
| 101.INS*   | XBRL Instance Document                                 |   |
| 101.SCH*   | XBRL Taxonomy Extension Schema Document                |   |
| 101.CAL*   | XBRL Taxonomy Extension Calculation Linkbase Document  |   |
| 101.DEF*   | XBRL Taxonomy Extension Definition Linkbase Document   |   |
| 101.LAB*   | XBRL Taxonomy Extension Label Linkbase Document        |   |
| 101.PRE*   | XBRL Taxonomy Extension Presentation Linkbase Document |   |

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SIGNATURES

|            | IGEN Networks Corp |                              |
|-----------------|--------------------|-----------------------------------|
|            |               |                              |   |
| August 20, 2012 | By:                | /s/ Neil Chan                |   |
|            |               | Neil Chan                         |   |
|            |               | Director, Chief Executive Officer |   |
|            |               |                              |   |

|            | Company Name |                              |
|-----------------|--------------|-----------------------------------|
|            |         |                              |   |
| August 20, 2012 | By:          | /s/ Richard Freeman          |   |
|            |         | Richard Freeman                   |   |
|            |         | Director, Chief Operating Officer |   |
|            |         |                              |   |

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