UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549
                                    FORM 10-Q

( X  )QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2005 ( )TRANSITION REPORT PURSUANT TO
SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to
                               ----------   -------------------------
Commission File number                           000-29553
                       --------------------------------------------------
                                 SAFE IDEA, INC.
               (Exact name of registrant as specified in charter)

                       Nevada                                 88-0492640
---------------------------------------------------------------------------
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                            Identification No.)

2000  Thrasher  Drive,  Lake  Havasu  City, Arizona             86404
-------------------------------------------------------------------------------
(Address of principal executive offices)                     (Zip Code)

                                  770-519-0208
               Registrant's telephone number, including area code



                         (Former name, former address, and former fiscal year,
if changed since last report.)
 Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), Yes [x ] No [ ] and (2) has been
subject to such filing requirements for the past 90 days. Yes [x] No [
]APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the last practicable date.

     Class                          Outstanding as of March 31, 2005
     -------                       ---------------------------------
     Common  Stock, $0.0001                11,550,015


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                                      INDEX

                                                                         Page
                                                                         Number
PART I.

          ITEM 1.
Financial Statements (unaudited)...........................................3

Balance Sheets.............................................................4
December 31, 2004 and March 31, 2005

Statements of Operations
Three months ended March 31, 2005..........................................5

Statements of Cash Flows
Three months ended March 31, 2005..........................................6

Notes to Financial Statements..............................................7-9

ITEM 2.
Management's Discussion and Analysis of
Financial Condition and Results of Operations..............................10

ITEM 3.
Controls and Procedures...................................................10


PART II.  Other Information...............................................10-11

Signatures................................................................S-1
Certifications


<PAGE>





PART I - FINANCIAL INFORMATION



This filing contains certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. For this purpose any
statements contained herein that are not statements of historical fact may be
deemed to be forward-looking statements. Without limiting the foregoing, words
such as "may," "will," "expect," "believe," anticipate," "estimate" or
"continue" or comparable terminology are intended to identify forward-looking
statements. These statements by their nature involve substantial risks and
uncertainty, and actual results may differ materially depending on a variety of
factors, many of which are not within the Company's control. These factors
include but are not limited to economic conditions generally and in the
industries in which the Company and its customers participate; competition
within the Company's industry, including competition from much larger
competitors; technological advances which could render the Company's products
less competitive or obsolete; failure by the Company to successfully develop new
products or to anticipate current or prospective customers' product needs; price
increase or supply limitations for components purchased by the Company for use
in its products; and delays, reductions, or cancellations of orders previously
placed with the Company.

                          ITEM 1. FINANCIAL STATEMENTS




The accompanying balance sheets of Safe Idea, Inc. (development stage company)
at December 31, 2004 and March 31, 2005 and the statements of operations and
cash flows for the three months ended March 31, 2005, have been prepared by the
Company's management in conformity with accounting principles generally accepted
in the United States of America. In the opinion of management, all adjustments
considered necessary for a fair presentation of the results of operations and
financial position have been included and all such adjustments are of a normal
recurring nature.

Operating results for the quarter ended March 31, 2005, are not necessarily
indicative of the results that can be expected for the year ending December 31,
2005.






                                       3
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                                 SAFE IDEA, INC.
                          ( Development Stage Company)
                                  BALANCE SHEET
                      March 31, 2005 and December 31, 2004



                                                   Mar 31,         Dec 31,
                                                    2005              2004

ASSETS
CURRENT ASSETS

Cash                                                 $ 233,361    $ 234,823


Total Current Assets                                   233,361      234,823


LICENSE - net of amortization                           13,500       14,250


                                                     $ 246,861    $ 249,073

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES

Accounts payable                                     $  10,650    $   9,258
Note payable - related party                             5,000        5,000


Total Current Liabilities                               15,650       14,258


STOCKHOLDERS' EQUITY

Common stock
50,000,000 shares authorized, at $0.0001 par value
11,550,015   shares issued and oustanding               1,155       1,155


Capital in excess of par value                         498,551      498,551

Deficit accumulated during the development stage      (268,495)    (264,891)


Total Stockholders' Equity                             231,211      234,815


                                                     $ 246,861    $ 249,073



                              The accompanying notes are an integral part of
these financial statements.


                                       4
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                                 SAFE IDEA, INC.
                           (Development Stage Company)
                             STATEMENT OF OPERATIONS
           For the Three Months Ended March 31, 2005 and 2004 and the
    Period March 20, 1996             (Date of Inception) to March 31, 2005





                                Mar 31,         Mar 31     Mar 20, 1996
                                2005            2004         to Mar 31
                                                                2005

REVENUES                           $    -     $     -  $        -

EXPENSES

Administration                      2,854            -      56,168
Amortization                          750            -       3,167
                                   ------     --------    --------

NET LOSS - before other
income and expenses                (3,604)           -     (59,335)

OTHER INCOME AND EXPENSES

Interest income                         -            -          95
Domain name writeoff                    -            -      (3,333)
Goodwill writeoff                       -            -    (205,922)
                               ----------     --------     -------

NET LOSS                        $  (3,604)   $       -   $(268,495)
                                =========     ========     =======



NET LOSS PER COMMON SHARE

Basic and diluted                $      -     $      -
                                              --------    --------


AVERAGE OUTSTANDING SHARES -
(stated in 1,000's)

Basic                              11,550          800

Diluted                            16,550        1,300







                              The accompanying notes are an integral part of
these financial statements.


                                       5
<PAGE>



       SAFE  IDEA,  INC.
   ( Development Stage Company)
                             STATEMENT OF CASH FLOWS
           For the Three Months Ended March 31, 2005 and 2004 and the
           Period March 20, 1996 (Date of Inception) to March 31, 2005



                                Mar 31,        Mar 31,    Mar 20, 1996 to
                                 2005            2004     Mar 31, 2005

CASH FLOWS FROM
OPERATING ACTIVITIES

Net loss                        $  (3,604)     $     -   $(268,495)
Adjustments to reconcile
net loss to
net cash provided
by operating
activities

Amortization                          750            -       3,167
Domain name write off                   -            -       3,333
Good will write off                     -            -     205,922
Issuance of capital
stock for expenses                      -            -       1,250
Contributions to capital                -            -       6,905
Change in prepaid expense               -            -           -
Change in accounts payable          1,392            -      38,779

Net Cash From Operations           (1,462)           -      (9,139)
                           ---------------------------   ---------

CASH FLOWS FROM INVESTING
ACTIVITIES
Purchase domain name                    -            -      (5,000)
                                 --------     --------    --------

CASH FLOWS FROM FINANCING
ACTIVITIES
Proceeds from issuance
of common stock                         -            -     247,500

Net Increase (Decrease)
in Cash                            (1,462)           -     233,361

Cash at Beginning
of Period                         234,823            -           -
                                ---------      ------- -----------
Cash at End of Period           $ 233,361      $     -   $ 233,361
                                =========      =======    ========

SCHEDULE OF NONCASH OPERATING
ACTIVITIES

Issuance of 5,560,006 shares
of common stock for
services - 1999 to 2004         $   1,250

Contributions to
capital - 2000 to 2002                  -        6,905







The accompanying notes are an integral part of these financial statements.



                                       6
<PAGE>



                                 SAFE IDEA, INC.
                          ( Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2005



1. ORGANIZATION

The Company was incorporated under the laws of the state of Nevada on March 20,
1996 with authorized common stock of 25,000 shares with no par with the name of
"Shell, Inc,." On October 27, 2000 made a name change to "Safe Idea, Inc." as
part of a change in the authorized common capital stock to 50,000,000 shares
with a par value of $.0001.

The company has been in the development stage since inception and has been
engaged in providing a repository of information and an interactive forum and a
comprehensive directory of services catering to entrepreneurs where they can
publish their business plans and share their ideas in a collaborative
environment. During 2001 the company abandoned its activity and has since been
inactive.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods

The Company recognizes income and expenses based on the accrual method of
accounting.

Dividend Policy

The Company has not yet adopted a policy regarding payment of dividends.

Earnings (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted
average number of shares actually outstanding. Diluted net income (loss) per
share amounts are computed using the weighted average number of common shares
and common equivalent shares outstanding as if shares had been issued on the
exercise of any common share rights unless the exercise becomes antidilutive and
then only the basic per share amounts are shown in the report.

Financial Instruments

The carrying amounts of financial instruments are considered by management to be
their estimated fair values, due to their short term maturities.




                                       7
<PAGE>


                                 SAFE IDEA, INC.
                          ( Development Stage Company)
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                 March 31, 2005



2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in
accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of the assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenues and
expenses. Actual results could vary from the estimates that were assumed in
preparing these financial statements.

Income Taxes

The Company utilizes the liability method of accounting for income taxes. Under
the liability method deferred tax assets and liabilities are determined based on
the differences between financial reporting and the tax bases of the assets and
liabilities and are measured using the enacted tax rates and laws that will be
in effect, when the differences are expected to reverse. An allowance against
deferred tax assets is recorded, when it is more likely than not, that such tax
benefits will not be realized.

On March 31, 2005, the Company had a net operating loss available for carry
forward of $268,495. The tax benefit of approximately $81,000 from the loss
carry forward has been fully offset by a valuation reserve because the use of
the future tax benefit is doubtful since the Company has no operations. The loss
carryforward expires beginning in the years 2017 through 2026.

Financial and Concentrations Risk

The Company does not have any concentration or related financial credit risk.

 Revenue Recognition

Revenue will be recognized on the sale and delivery of a product or the
completion of a service provided.

Advertising and Market Development

The company will expense advertising and market development costs as incurred.



                                       8
<PAGE>


                                 SAFE IDEA, INC.
                          ( Development Stage Company)
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                 March 31, 2005



2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting
pronouncements will have a material impact on its financial statements.

3.  ACQUISTION OF LICENSE AGREEMENT

On September 29, 2004 the Company acquired an exclusive, perpetual license to
manufacture and distribute a passive fire control coating material with the
trademark name "Wetwool" to include the territories of the United States and
Canada in exchange for 3,000,000 common shares of the Company.

The license is estimated to have an economic useful life of five years.

4.  SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Officers-directors and a control shareholder have acquired 26% of the company
outstanding stock and have a no interest, demand note payable due them of
$5,000. The note can be converted to 5,000,000 common shares at any time at the
option of the holder.






                                       9
<PAGE>






ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATION


Plan of Operations

The Company had no operations for the current quarter. As of March 31, 2005, the
Company is actively negotiating with potential manufacturers and distributors of
the Company's products. As of March 31, 2005, there have been no agreements
entered into with manufactures and distributors of the Company's products and no
sales of the Company's product.


Results of Operations

   Comparison of the quarter ended March 31, 2005 to the quarter ended March
31, 2004

The Company had expenses of $3,604 for this quarter and no income or expense for
the same quarter last year.

 Liquidity and Capital Resources

The Company has $233,361 in cash from a private placement sale of its capital
stock and a note payable of $5,000.

ITEM 3   CONTROL AND PROCEDURES


(a) Evaluation of disclosure controls and procedures. Our chief executive
officer and our chief financial officer, after evaluating the effectiveness of
the Company's "disclosure controls and procedures" (as defined in the Securities
Exchange Act of 1934 Rule 13a-14(c) and 15-d-14(c) as of a date (the "Evaluation
Date") within 90 days before the filling date of this quarterly report, have
concluded that as of the Evaluation Date, our disclosure controls and procedures
were adequate and designed to ensure that material information relating to us
and our consolidated subsidiaries would be made known to them by others within
those entities.

(c) Changes in internal controls. There were no significant changes in our
internal controls or to our knowledge, in other factors that could significantly
affect our disclosure controls and procedures subsequent to the Evaluation Date.

                           PART II - OTHER INFORMATION

                            ITEM 1. LEGAL PROCEEDINGS

   None.

                                       10
<PAGE>




                          ITEM 2. CHANGES IN SECURITIES



                                      None

                     ITEM 3. DEFAULTS UPON SENIOR SECURITIES

                                      None.


           ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                                      None

                            ITEM 5. OTHER INFORMATION


                                      None.



                    ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

The Company filed a Form 8-K to report new management, change in control, new
management and. an acquisition of a license agreements. The Company entered into
a license agreement to manufacture, market and distribute technologies
harnessing a passive fire control coating material with the trademark name
"Wetwool" in North America.

                                       11
<PAGE>


                                   SIGNATURES

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

                                             SAFE IDEA, INC.

                                    By:

                                            David Campbell - Executive Officer
Dated: May 12, 2005


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


       Name                  Title                     Date
      -------------          --------               -----------
      David Campbell         Pres /Dir               May 12, 2005
      Carol Allen            Sec /Dir                May 12, 2005


David Campbell- Chief Executive Officer and Director
May 12, 2005



Carol Allen - Financial Officer & Director
May 12, 2005

                                      S-1
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