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| Minnesota(State or other jurisdiction of incorporation or organization)                    | 41-1596056(IRS Employer Identification No.) |
|--------------------------------------------------------------------------------------------|---------------------------------------------|
| 3240 Aldrich Ave S Suite 301, Minneapolis MN(Address of Principal Executive Offices)  | 55408(Zip Code)                             |

|   | 612-382-5566                                                                         |   |
|--------|--------------------------------------------------------------------------------------|--------|
|   | (Issuer’s telephone number)                                                    |   |
|   |                                                                                 |   |
|   | (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)   |   |
|   |                                                                                 |   |
|   | Securities registered pursuant to Section 12(b) of the Exchange Act:  None |   |
|   |                                                                                 |   |
|   | Securities registered pursuant to Section 12(g) of the Exchange Act:                 |   |
|   |                                                                                 |   |
|   | Common Stock, no par value                                                           |   |

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|          |  SUBJEX CORPORATION INDEX                                                                                                  |              |
|---------------|---------------------------------------------------------------------------------------------------------------------------------|-------------------|
|          |                                                                                                                            |              |
|  PART I  | FINANCIAL INFORMATION                                                                                                           |  Page Number |
|          |                                                                                                                            |              |
|          | ITEM 1. FINANCIAL STATEMENTS                                                                                                    |              |
|          |                                                                                                                            |              |
|          | Balance Sheets as of March 31, 2010 (unaudited) and December 31, 2009 (audited)                                            |  3           |
|          |                                                                                                                            |              |
|          | Statements of Operations for the three months ended March 31, 2010 (unaudited) and March 31, 2009 (unaudited)                   |  4           |
|          |                                                                                                                            |              |
|          | Statements of Cash Flows for the three months ended March 31, 2010 (unaudited) and March 31, 2009 (unaudited)    |  5           |
|          |                                                                                                                            |              |
|          | Notes to the Financial Statements                                                                                          |  6           |
|          |                                                                                                                            |              |
|          |                                                                                                                            |              |
|          | ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL                                                                 |              |
|          |                                                                                                                            |              |
|          | CONDITION AND RESULTS OF OPERATIONS                                                                                        |  7           |
|          |                                                                                                                            |              |
|          |  ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT                                                                    |              |
|          |                                                                                                                            |              |
|          | MARKETRISK                                                                                             |  7           |
|          |                                                                                                                            |              |
|          | ITEM 4. CONTROLS AND PROCEDURES                                                                                  |  7           |
|          |                                                                                                                            |              |
|          | ITEM 4T. CONTROLS AND PROCEDURES                                                                                 |  7           |
|          |                                                                                                                            |              |
|  PART II |  OTHER INFORMATION                                                                                     |  7           |
|          |                                                                                                                            |              |
|          |  ITEM 1. LEGAL PROCEEDINGS                                                                                                 |              |
|          |                                                                                                                            |              |
|          |  ITEM 2. CHANGE IN SECURITIES AND USE OF PROCEEDS                                                                          |              |
|          |                                                                                                                            |              |
|          |  ITEM 3. DEFAULTS UPON SENIOR SECURITIES                                                                                   |              |
|          |                                                                                                                            |              |
|          |  ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                               |              |
|          |                                                                                                                            |              |
|          |  ITEM 5. OTHER INFORMATION                                                                                                 |              |
|          |                                                                                                                            |              |
|          |  ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                                                                       |              |
|          |                                                                                                                            |              |
|          |  CERTIFICATION PURSUANT TO SECTION 06 OF THE SARBANES-OXLEY ACT OF 2002                                                    |              |
|          |                                                                                                                            |              |
|          |  CERTIFICATIONS    SIGNATURES                                                                          |  9           |

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|   |   SUBJEX CORPORATION |   |
|--------|---------------------------|--------|
|   | BALANCE SHEETS            |   |

|                                                                                                               |   | (Unaudited) |       |   | (Audited)    |   |
|--------------------------------------------------------------------------------------------------------------------|--------|-------------|------------|--------|--------------|--------|
|                                                                                                               |   |        |       |   |         |   |
|                                                                                                               |   | March 31,   |       |   | December 31, |   |
|              ASSETS                               |   | 2010        |       |   | 2009         |   |
|                                                                                                               |   |        |       |   |         |   |
|                     |   |        |       |   |         |   |
| Current Assets:                                                                                                    |   |        |       |   |         |   |
|     Cash                                                                                       |   | $           | 46         |   |         | $      | 147 |   |
|                                                                                                               |   |        |       |   |         |   |   |   |
|        Total current assets                                                     |   |        | 46         |   |         |   | 147 |   |
|                                                                                                               |   |        |       |   |         |   |   |   |
|        Total assets                                                             |   | $           | 46         |   |         | $      | 147 |   |
|                                                                                                               |   |        |       |   |         |   |   |   |
|                                                                                                               |   |        |       |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                              |   |        |       |   |         |   |   |   |
|                                                                                                               |   |        |       |   |         |   |   |   |
|  Current Liabilities:                                                                                         |   |        |       |   |         |   |   |   |
| Short-term notes payable                                                                                           |   | $           | 17,677     |   |         | $      | 7,677 |   |
|      Subordinated convertible notes payable                                               |   |        | 23,000     |   |         |   | 23,000 |   |
|      Accounts payable                                                                     |   |        | 227,221    |   |         |   | 224,017 |   |
|      Accrued expenses:                                                                    |   |        |       |   |         |   |   |   |
|         Accrued expenses-Related party                                     |   |        | 627,471    |   |         |   | 629,903 |   |
|         Payroll and payroll taxes                                          |   |        | 18,266     |   |         |   | 18,266 |   |
|         Accrued interest                                                   |   |        | 28,156     |   |         |   | 27,589 |   |
|         Accrued expenses                                                   |   |        | 4,207      |   |         |   | 4,207 |   |
|                                                                                                               |   |        |       |   |         |   |   |   |
|         Total current liabilities                                          |   |        | 945,998    |   |         |   | 944,659 |   |
|                                                                                                               |   |        |       |   |         |   |   |   |
|         Total liabilities                                                  |   |        | 945,998    |   |         |   | 944,659 |   |
|                                                                                                               |   |        |       |   |         |   |   |   |
| Stockholders' Deficit:                                                                                             |   |        |       |   |         |   |   |   |
|     Common stock, no par or stated value;                                                      |   |        |       |   |         |   |   |   |
|        200,000,000 shares authorized: 99,903,131 and                            |   |        |       |   |         |   |   |   |
|        99,903,131 shares issued and outstanding at                              |   |        |       |   |         |   |   |   |
|        March 31, 2010 and December 31, 2009, respectively                       |   |        | 6,215,609  |   |         |   | 6,215,609 |   |
|     Subscriptions received                                                                     |   |        | 9,000      |   |         |   | - |   |
|     Accumulated deficit                                                                        |   |        | (7,170,561 | )      |         |   | (7,160,121 | ) |
|                                                                                                               |   |        |       |   |         |   |   |   |
| Total stockholders' Deficit                                                                                        |   |        | (945,952   | )      |         |   | (944,512 | ) |
|                                                                                                               |   |        |       |   |         |   |   |   |
|                                                                                                               |   |        |       |   |         |   |   |   |
|     Total liabilities and stockholders’ deficit                                          |   |  $     | 46         |   |         | $      | 147 |   |

|   |   |   |
|--------|--------|--------|
|   |   |   |

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|   SUBJEX CORPORATION       |                               |
|---------------------------------|------------------------------------|
|   STATEMENTS OF OPERATIONS |                               |
|   (Unaudited)         |  Three Months Ended March 31, |

|                                                              |   |  2010 |       |   |  2009 |   |
|-------------------------------------------------------------------|--------|------------|------------|--------|------------|--------|
|                                                              |   |       |       |   |       |   |
| Revenues:                                                         |   |       |       |   |       |   |
|     Gross revenue                             |   | $          | 49         |   |       | $      | 4533 |   |
|                                                              |   |       |       |   |       |   |   |   |
| Expenses:                                                         |   |       |       |   |       |   |   |   |
|     Selling, general and administrative       |   |       | 9,922      |   |       |   | 87,476 |   |
|                                                              |   |       |       |   |       |   |   |   |
|        Total operating expense |   |       | 9,922      |   |       |   | 87,476 |   |
|                                                              |   |       |       |   |       |   |   |   |
|        Operating loss          |   |       | (9,873     | )      |       |   | (82,943 | ) |
|                                                              |   |       |       |   |       |   |   |   |
| Other income (expense):                                           |   |       |       |   |       |   |   |   |
|                                                              |   |       |       |   |       |   |   |   |
|      Interest expense                    |   |       | (567       | )      |       |   | (745 | ) |
|                                                              |   |       |       |   |       |   |   |   |
| Net loss                                                          |   | $          | (10,440    | )      |       | $      | (83,688 | ) |
|                                                              |   |       |       |   |       |   |   |   |
| Net loss per basic and diluted common share                       |   | $          | (0.0001    | )      |       |   | (0.001 | ) |
|                                                              |   |       |       |   |       |   |   |   |
|                                                              |   |       |       |   |       |   |   |   |
| Weighted average common shares                                    |   |       |       |   |       |   |   |   |
|     outstanding - basic and diluted           |   |       | 99,903,131 |   |       |   | 99,495,838 |   |
|                                                              |   |       |       |   |       |   |   |   |
|                                                              |   |       |       |   |       |   |   |   |

----

|   |  Subjex Corporation       |   |
|--------|--------------------------------|--------|
|   |  Statements of Cash Flows |   |
|   |  (Unaudited)              |   |

|                                                                           |   | Three Months Ended March 31,   |    |
|--------------------------------------------------------------------------------|--------|------------------------------------------|---------|
|                                                                           |   |                                     |    |
|                                                                           |   | 2010                                |    | 2009  |   |
|                                                                           |   |                                     |    |
| Cash flows from operating activities:                                          |   |                                     |    |   |   |   |
|     Net loss                                               |   | $                                        | (10,440 | ) |   | $ | (83,688 | ) |
|     Adjustments to reconcile net loss to                   |   |                                     |    |   |   |   |   |   |
|     net cash flows from operating activities:              |   |                                     |    |   |   |   |   |   |
|     Non cash common stock issued for consulting services   |   |                                     | -       |   |   |   | 40,000 |   |
|     Non cash common stock issued to settle other liability |   |                                     | -       |   |   |   | 5,250 |   |
|     Changes in operating assets and liabilities:           |   |                                     |    |   |   |   |   |   |
|     Accounts receivable                                    |   |                                     | -       |   |   |   | 3,011 |   |
|     Accounts payable                                       |   |                                     | 3,205   |   |   |   | 16,270 |   |
|     Accrued expenses                                       |   |                                     | -       |   |   |   | (77 | ) |
|     Accrued expenses-Related party                         |   |                                     | (2,433  | ) |   |   | 180,126 |   |
|     Payroll and payroll taxes payable                      |   |                                     | -       |   |   |   | (21,548 | ) |
|     Accrued interest                                       |   |                                     | 567     |   |   |   | 567 |   |
|                                                                           |   |                                     |    |   |   |   |   |   |
| Net cash flows used in operating activities                                    |   |                                     | (9,101  | ) |   |   | 139,911 |   |
|                                                                           |   |                                     |    |   |   |   |   |   |
|                                                                           |   |                                     |    |   |   |   |   |   |
| Cash flows from financing activities:                                          |   |                                     |    |   |   |   |   |   |
|     Proceeds from issuance of common stock                 |   |                                     | -       |   |   |   | 34,250 |   |
|     Subscriptions received                                 |   |                                     | 9,000   |   |   |   | - |   |
|     Shares retired-Related party                           |   |                                     | -       |   |   |   | (172,025 | ) |
|     Other liability                                        |   |                                     | -       |   |   |   | (1,500 | ) |
|                                                                           |   |                                     |    |   |   |   |   |   |
| Net cash flows provided by financing activities                                |   |                                     | 9,000   |   |   |   | (139,275 | ) |
|                                                                           |   |                                     |    |   |   |   |   |   |
|                                                                           |   |                                     |    |   |   |   |   |   |
| Net increase (decrease) in cash and equivalents                                |   |                                     | (101    | ) |   |   | 636 |   |
| Cash and cash equivalents at beginning of period                               |   |                                     | 147     |   |   |   | 1,546 |   |
|                                                                           |   |                                     |    |   |   |   |   |   |
| Cash and cash equivalents at end of period                                     |   | $                                        | 46      |   |   | $ | 2,182 |   |
|                                                                           |   |                                     |    |   |   |   |   |   |
|                                                                           |   |                                     |    |   |   |   |   |   |

----

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|  Subjex Corporation              |                                        |   |
|---------------------------------------|---------------------------------------------|--------|
|  Date:  May 20, 2010   |                                        |   |
|                                  |                                        |   |
|  NAME             | TITLE                                       |   |
|  /s/ Andrew D. Hyder   |  President and Chief Executive Officer |   |