SECURITIES AND EXCHANGE COMMISSION
              Washington, D.C.  20549

                    FORM 10-QSB
(Mark One)
[X]    QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
       OF THE SECURITIES EXCHANGE ACT OF 1934

          For the quarterly period ended
                   March 31, 2002
or

[  ]   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   0-29695

                 INJET CORPORATION
    Exact Name of registrant as specified in its
charter)

          CALIPER ACQUISITION CORPORATION
            (Former name of registrant)

Delaware                        52-2217568
(State or other jurisdiction    (I.R.S. Employer
 of incorporation organization) Or Identification
                                No.)

    1504 R Street, N.W., Washington, D.C. 20009
(Address of principal executive offices  (zip code)

                   202/387-5400
   (Registrant's telephone number, including area
code)

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

Yes   X                  No

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

Class             Outstanding at March 31, 2002
Common Stock,
par value $0.0001             5,000,000

                   PART I -- FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS

                 INJET CORPORATION
           (A Development Stage Company)
                As of March 31, 2002
                    (Unaudited)
<TABLE>
<CAPTION>
                       ASSETS

<S>                               <C>
Cash                              $  2,022
                                   --------
TOTAL ASSETS                      $  2,022
                                   ========

LIABILITIES AND STOCKHOLDER'S EQUITY

LIABILITIES                       $  -
                                    -------
STOCKHOLDER'S EQUITY

Preferred Stock, $.0001 par value,
20,000,000 shares authorized,
none issued and outstanding           -
Common Stock, $.0001 par value,
100,000,000 shares authorized,
5,000,000 issued and outstanding       500
Additional paid-in capital           2,095
Deficit accumulated during
development stage                     (573)
                                     -------
Total Stockholder's Equity           2,022
                                     -------
TOTAL LIABILITIES AND
   STOCKHOLDER'S EQUITY             $2,022
                                    =======
</TABLE>
See accompanying notes to financial statements

<PAGE>

                   INJET CORPORATION
               (A Development Stage Company)
                  Statement of Operations
                        (Unaudited)
<TABLE>
<CAPTION>
             For the three   For the three  March24,1999
             Months Ended    Months ended   (Inception)to
             March 31,2002   March 31,2001  March 31,2002

<S>          <C>              <C>            <C>
Income       $    -            $  -           $  -

Expenses
  Organization
    expense         -               -            573
              ----------       --------         --------

Total expenses     -               -             573
              ----------       --------         -------
NET LOSS           -               -            (573)
               =========       ========         =======
</TABLE>

       See accompanying notes to financial statements
<PAGE>

                     INJET CORPORATION
               (A Development Stage Company)
        Statement of Changes in Stockholder's Equity
       For the Period From March 24, 1999 (Inception)
                     To March 31, 2002
                        (Unaudited)
<TABLE>
<CAPTION>
<S>                 <C>         <C>        <C>         <C>             <C>
                                                       Deficit
                                                       Accumulated
                   Common Stock           Additional   During
                   Issued                 Paid-In      Development
                   Shares       Amount    Capital      Stage          Total

Common Stock
  Issuance         5,000,000    $ 500     $  -         $   -          $  500

Fair value of
expenses contributed   -           -         535           -             535

Capital Contribution   -           -       1,560           -           1,560

Net loss for the periods ended:

December 31, 1999      -           -          -           (535)         (535)
December 31, 2000      -           -          -             -            -
December 31, 2001      -           -          -            (38)          (38)
March 31, 2002         -           -          -             -            -
                    -------     -------    -------      ---------     --------
BALANCE AT
March 31, 2002     5,000,000     $ 500     $2,095        $ (573)      $2,022
==============     =========     ======    =======      =========     ========

</TABLE>
            See accompanying notes to financial statements


<PAGE>
                         INJET CORPORATION
                    (A Development Stage Company)
                       Statements of Cash Flows
                              Unaudited
<TABLE>
<CAPTION>
                           January 1, 2002     January 1, 2001    March 24, 1999
                           to                  to                 (Inception) to
                           March 31, 2002      March 31, 2001     March 31, 2002
<S>                        <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING
    ACTIVITIES:
Net loss                    $      -             $  -                $    (573)
 Adjustment to reconcile net
 loss to net cash
 used by operating activities

 Contributed expenses              -                 -                     535
                              ----------          ------------        ----------
 Net cash used in operating
  activities                        -                 -                    (38)
                              ----------          ------------        ----------
CASH FLOWS FROM INVESTING
 ACTIVITIES                         -                 -                        -
                              ----------           ------------       ----------
CASH FLOWS FROM FINANCING  ACTIVITIES:

Proceeds from capital
  contributions                    -                   -                  1,560
Proceeds from issuance of
 common stock                       -                  -                    500
                             ----------             ------------       ----------
Net cash provided by
 financing activities               -                   -                 2,060
                             ----------             ------------       ----------
INCREASE IN CASH AND CASH
 EQUIVALENTS                        -                   -                 2,022
CASH AND CASH EQUIVALENTS
 BEGINNING OF PERIOD              500                    500                 -
                             ----------              -----------       ----------
CASH AND CASH EQUIVALENTS
  END OF PERIOD               $ 2,022                 $2,022              $2,022
                             ==========               ==========       ===========

</TABLE>
            See accompanying notes to financial statement.
<PAGE>

NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(A) Organization and Business Operations

Injet Corporation (a development stage company) (the "Company") was
incorporated in Delaware on March 24, 1999 to serve as a vehicle to effect a
merger, exchange of capital stock, asset acquisition or other business
combination with a domestic or foreign private business.  At March 31, 2002,
the Company had not yet commenced any formal business operations, and all
activity to date relates to the Company's formation.  The Company's fiscal
year end is December 31.

The Company's ability to commence operations is contingent upon its ability
to identify a prospective target business.

(B) Use of Estimates

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

(C) Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly
liquid investments purchased with an original maturity of three months or less
to be cash equivalents.

(D) Income Taxes

  The Company accounts for income taxes under the Financial Accounting
  Standards Board of Financial Accounting Standards No. 109, "Accounting for
  Income Taxes" ("Statement 109"). Under Statement 109, deferred tax assets
  and liabilities are recognized for the future tax consequences attributable to
  differences between the financial statement carrying amounts of existing
  assets and liabilities and their respective tax basis. Deferred tax
  assets and liabilities are measured using enacted tax rates expected to
  apply to taxable income in the years in which those temporary differences
  are expected to be recovered
  or settled.  Under Statement 109, the effect on deferred tax assets and
  liabilities of a change in tax rates is recognized in income in the period
  that includes the enactment date. There were no current or deferred income
  tax expense or benefits due to the Company not having any material
  operations for the years ended December 31, 2001 and 2000.

(E) New Accounting Pronouncements

The Financial Accounting Standards Board has recently issued several new
Statements of Financial Accounting Standards.  Statement No. 141, "Business
Combinations" supersedes APB Opinion 16 and various related
pronouncements.  Pursuant to the new guidance in Statement No. 141, all
business combinations must be accounted for under the purchase method of
accounting; the pooling-of-interests method is no longer permitted.  SFAS
141 also establishes new rules concerning the recognition of goodwill and
other intangible assets arising in a purchase business combination and
requires disclosure of more information concerning a business combination
in the period in which it is completed.  This statement is generally
effective for business combinations initiated on or after July 1, 2001.

Statement No. 142, "Goodwill and Other Intangible Assets" supercedes APB
Opinion 17 and related interpretations.  Statement No. 142 establishes new
rules on accounting for the acquisition of intangible assets not acquired
in a business combination and the manner in which goodwill and all other
intangibles should be accounted for subsequent to their initial recognition
in a business combination accounted for under SFAS No. 141.  Under SFAS No.
142, intangible assets should be recorded at fair value.  Intangible assets
with finite useful lives should be amortized over such period and those with
indefinite lives should not be amortized.  All intangible assets being
amortized as well as those that are not, are both subject to review for
potential impairment under SFAS No. 121, "Accounting for the Impairment of
Long-Lived Assets and for Long-Lived Assets to be Disposed of".  SFAS No. 142
also requires that goodwill arising in a business combination should not be
amortized but is subject to impairment testing at the reporting unit level to
which the goodwill was assigned to at the date of the business combination.

SFAS No. 142 is effective for fiscal years beginning after December 15, 2001
and must be applied as of the beginning of such year to all goodwill and other
intangible assets that have already been recorded in the balance sheet as of
the first day in which SFAS No. 142 is initially applied, regardless of when
such assets were acquired.  Goodwill acquired in a business combination whose
acquisition date is on or after July 1, 2001, should not be amortized, but
should be reviewed for impairment pursuant to SFAS No. 121, even though
SFAS No. 142 has not yet been adopted.  However, previously acquired
goodwill should continue to be amortized until SFAS No. 142 is first adopted.

Statement No. 143 "Accounting for Asset Retirement Obligations"
establishes standards for the initial measurement and subsequent accounting
for obligations associated with the sale, abandonment, or other type of
disposal of long-lived tangible assets arising from the acquisition,
construction, or development and/or normal operation of such assets.
SFAS No. 143 is effective for fiscal years beginning after June 15, 2002,
with earlier application encouraged.

The adoption of these pronouncements will not have a material effect on
the Company's financial position or results of operations.

NOTE 2      STOCKHOLDER'S EQUITY

(A) Preferred Stock

The Company is authorized to issue 20,000,000 shares of preferred stock
at $.0001 par value, with such designations, voting and other rights and
preferences as may be determined from time to time by the Board of
Directors.

(B) Common Stock

The Company is authorized to issue 100,000,000 shares of common stock at
$.0001 par value.  The Company issued 5,000,000 shares of its common stock
to TPG Capital Corporation ("TPG") pursuant to Rule 506 for an aggregate
consideration of $500.

(C) Additional Paid-In Capital

Additional paid-in capital at March 31, 2002 represents $1,560 contributed
to the Company by TPG in 2001 and the fair value of the organization and
professional costs incurred by TPG on behalf of the Company amounting to
$535 in 1999 (See Note 3).

NOTE 3      AGREEMENT

On March 24, 1999, the Company signed an agreement with TPG, a related
entity (See Note 4).  The Agreement calls for TPG to provide the following
services, without reimbursement from the Company, until the Company enters
into a business combination as described in Note 1(A):

  1.   Preparation and filing of required documents with the Securities and
  Exchange Commission.
  2.   Location and review of potential target companies.
  3.   Payment of all corporate, organizational, and other costs incurred by
  the Company.

                       NOTE 4       RELATED PARTIES

Legal counsel to the Company is a firm owned by a director of the Company
who also owns a controlling interest in the outstanding stock of TPG (See
Note 3).

                       NOTE 5       CHANGE IN NAME

On January 7, 2002, in anticipation of  an acquisition of a majority interest
in Vapotronics, Inc., a California corporation, the Company changed its name
to Injet Corporation.  As of the date of this report, no final agreements have
been entered into in regard to Vapotronics, Inc. and the Company is unclear
if negotiations will continue or, if negotiations do continue, what the result
will be.



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

     The Company was formed to locate and negotiate with a
business entity for the combination of that target company
with the Company.  A combination will normally take the form
of a merger, stock-for-stock exchange or stock-for-assets
exchange (the "business combination").  In most instances
the target company will wish to structure the business
combination to be within the definition of a tax-free
reorganization under Section 351 or Section 368 of the
Internal Revenue Code of 1986, as amended.  No assurances
can be given that the Company will be successful in locating
or negotiating with any target business.

     The Company has not restricted its search for any
specific kind of businesses, and it may acquire a business
which is in its preliminary or development stage, which is
already in operation, or in essentially any stage of its
business life. It is impossible to predict the status of any
business in which the Company may become engaged, in that
such business may need to seek additional capital, may
desire to have its shares publicly traded, or may seek other
perceived advantages which the Company may offer.

     In implementing a structure for a particular business
acquisition, the Company may become a party to a merger,
consolidation, reorganization, joint venture, or licensing
agreement with another corporation or entity.

     It is anticipated that any securities issued in any such
business combination would be issued in reliance upon
exemption from registration under applicable federal and
state securities laws.  In some circumstances, however, as
a negotiated element of its transaction, the Company may
agree to register all or a part of such securities as part
of the business combination or at specified times
thereafter.

     Negotiations with a target company will likely focus on
the percentage of the Company which the target company
shareholders would acquire in exchange for their
shareholdings.  Although the terms of such agreements cannot
be predicted, generally such agreements will require certain
representations and warranties of the parties thereto, will
specify certain events of default, will detail the terms of
closing and the conditions which must be satisfied by the
parties prior to and after such closing and will include
miscellaneous other terms.  Any merger or acquisition
effected by the Company can be expected to have a
significant dilutive effect on the percentage of shares held
by the Company's shareholders at such time.



           PART II -- OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     There are no legal proceedings against the Company and
the Company is unaware of such proceedings contemplated
against it.

ITEM 2.  CHANGES IN SECURITIES

     Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

     Not applicable.

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

     Not applicable.

ITEM 5.  OTHER INFORMATION

     Not applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)     Exhibits

     (b)     Reports on Form 8-K

     There were no reports on Form 8-K filed by the Company
during the quarter.


                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.



CALIPER ACQUISITION CORPORATION

By:   /s/ James M. Cassidy
      President

Dated: May 14, 2002