----

----

| x      | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d)OF                THE SECURITIES EXCHANGE ACT OF 1934For                the quarter ended April                30, 2008 |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                             |
|  ̈ | TRANSITION                REPORT UNDER SECTION 13 OR 15 (d)OF                THE SECURITIES EXCHANGE ACT OF 1934For                the transition period from _______to_______   |

| Nevada                                         | 88-0448626                         |
|------------------------------------------------|------------------------------------|
| (State                or other jurisdiction of | (IRS                Employer       |
| incorporation                or organization)  | Identification                No.) |

----

| Large                accelerated filer  ̈ | Accelerated                filer  ̈   |
|-----------------------------------------------|-------------------------------------------|
| Non-accelerated                filer  ̈   | Smaller                reporting companyx |

----

|                                                                                         |                                                                                | Page   |
|----------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|--------|
|                                                                                         |                                                                                |   |
| Balance                Sheets at April 30, 2008 (unaudited) and January 31, 2008             | F-2                                                                                 |
|                                                                                         |                                                                                |   |
| Statement                of Operations for the three months ended April 30, 2008,            |                                                                                |
|                                                                                         | three                months ended April 30, 2007, and from May 11, 2004 (Inception) |   |
|                                                                                         | through                April 30, 2008 (unaudited)                                   | F-3    |
|                                                                                         |                                                                                |   |
| Statement                of Changes in Shareholders' Deficit for the period from             |                                                                                |
|                                                                                         | May                11, 2004 (Inception) through April 30, 2008 (unaudited)          | F-4    |
|                                                                                         |                                                                                |   |
| Statement                of Cash Flows for the three months ended April 30, 2008,            |                                                                                |
|                                                                                         | three                months ended April 30, 2007, and from May 11, 2004 (Inception) |   |
|                                                                                         | through                April 30, 2008 (unaudited)                                   | F-5    |
|                                                                                         |                                                                                |   |
| Notes                to Financial Statements                                                 | F-6                                                                                 |
|                                                                                         |                                                                                |
| Item                2. Management’s Discussion and Analysis of Financial Condition and |                                                                                |
|                                                                                         | Results                of Operations                                                | 11     |
|                                                                                         |                                                                                |
| Part                II – Other Information                                             | 13                                                                                  |
|                                                                                         |                                                                                |
| Signatures                                                                                   | 14                                                                                  |
|                                                                                         |                                                                                |

----

|                                                                                              |   | April                  30, |       |   | January                  31, |   |
|---------------------------------------------------------------------------------------------------|--------|----------------------------|------------|--------|------------------------------|--------|
|                                                                                              |   | 2008                       |       |   | 2008                         |   |
|                                                                                              |   | (Unaudited)                |       |   |                         |   |
| Assets                                                                                            |   |                       |       |   |                         |   |
| Cash                                                                                              |   | $                          | 272        |   |                         | $      | 21,023 |   |
|                                                                                              |   |                       |       |   |                         |   |   |   |
| Total                  assets                                                                     |   | $                          | 272        |   |                         | $      | 21,023 |   |
|                                                                                              |   |                       |       |   |                         |   |   |   |
| Liabilities                  and Shareholders’                  Deficit                     |   |                       |       |   |                         |   |   |   |
| Current                  liabilities:                                                             |   |                       |       |   |                         |   |   |   |
| Accounts                  and notes payable:                                                      |   |                       |       |   |                         |   |   |   |
| Accounts                  payable, related party                  (Note 2)                        |   | $                          | 312,700    |   |                         | $      | 305,200 |   |
| Accounts                  payable, other                                                          |   |                       | 248,046    |   |                         |   | 258,835 |   |
| Notes                  payable, related party (Note                  2)                           |   |                       | 353,725    |   |                         |   | 380,542 |   |
| Notes                  payable, other (Note                  3)                                   |   |                       | 35,200     |   |                         |   | 35,200 |   |
| Accrued                  interest payable:                                                        |   |                       |       |   |                         |   |   |   |
| Notes                  payable, related party (Note                  2)                           |   |                       | 45,265     |   |                         |   | 44,358 |   |
| Notes                  payable, other (Note                  3)                                   |   |                       | 7,632      |   |                         |   | 6,938 |   |
|                                                                                              |   |                       |       |   |                         |   |   |   |
| Total                  current liabilities                                                        |   |                       | 1,002,568  |   |                         |   | 1,031,073 |   |
|                                                                                              |   |                       |       |   |                         |   |   |   |
| Commitments                  and                  contingencies                                   |   |                       | —    |   |                         |   |   |   |
|                                                                                              |   |                       |       |   |                         |   |   |   |
| Shareholders’deficit:                                                                       |   |                       |       |   |                         |   |   |   |
| Preferred                  stock, $.001 par value;                  10,000,000 shares authorized, |   |                       |       |   |                         |   |   |   |
| -0-                  shares issued and                  outstanding                               |   |                       | —    |   |                         |   | — |   |
| Common                  stock, $.001 par value;                  200,000,000 shares authorized,   |   |                       |       |   |                         |   |   |   |
| 17,137,219                  (April 30) and                  16,895,219 (January 31) shares        |   |                       |       |   |                         |   |   |   |
| issued                  and outstanding                                                           |   |                       | 17,137     |   |                         |   | 16,895 |   |
| Additional                  paid-in capital                                                       |   |                       | 1,929,195  |   |                         |   | 1,861,437 |   |
| Common                  stock issued for prepaid                  services (Note 6)               |   |                       | (116,667   | )      |                         |   | (160,417 | ) |
| Deficit                  accumulated during the                  development stage                |   |                       | (2,831,961 | )      |                         |   | (2,727,965 | ) |
|                                                                                              |   |                       |       |   |                         |   |   |   |
| Total                  shareholders' deficit                                                      |   |                       | (1,002,296 | )      |                         |   | (1,010,050 | ) |
|                                                                                              |   |                       |       |   |                         |   |   |   |
| Total                  liabilities and                  shareholders' deficit                     |   | $                          | 272        |   |                         | $      | 21,023 |   |

----

|                                                                           |   |                          |       |   |                          |   |       | May                  11,                  2004 |   |
|--------------------------------------------------------------------------------|--------|-------------------------------|------------|--------|-------------------------------|--------|------------|------------------------------------------------|--------|
|                                                                           |   | Three                  months |       |   | Three                  months |   |       | (Inception)                                    |   |
|                                                                           |   | ended                         |       |   | ended                         |   |       | Through                                        |   |
|                                                                           |   | April                  30,    |       |   | April                  30,    |   |       | April                  30,                     |   |
|                                                                           |   | 2008                          |       |   | 2007                          |   |       | 2008                                           |   |
|                                                                           |   |                          |       |   |                          |   |       |                                           |   |
| Operating                  costs and                  expenses:                |   |                          |       |   |                          |   |       |                                           |   |
| Research                  and development                                      |   | $                             | -          |   |                          | $      | 75,000     |                                           |   | $ | 900,000 |   |
| Selling,                  general and                  administrative expenses |   |                          |       |   |                          |   |       |                                           |   |   |   |   |
| Related                  party (Note 2)                                        |   |                          | 33,000     |   |                          |   | 32,250     |                                           |   |   | 816,425 |   |
| Other                  (Note 4)                                                |   |                          | 63,211     |   |                          |   | 65,613     |                                           |   |   | 644,114 |   |
|                                                                           |   |                          |       |   |                          |   |       |                                           |   |   |   |   |
| Total                  operating costs and                  expenses           |   |                          | (96,211    | )      |                          |   | (172,863   | )                                              |   |   | (2,360,539 | ) |
|                                                                           |   |                          |       |   |                          |   |       |                                           |   |   |   |   |
| Interest                  income                                               |   |                          | -          |   |                          |   | -          |                                           |   |   | 80,183 |   |
| Interest                  expense (Notes 2 &                  3)           |   |                          | (7,785     | )      |                          |   | (184,250   | )                                              |   |   | (551,605 | ) |
|                                                                           |   |                          |       |   |                          |   |       |                                           |   |   |   |   |
| Loss                  before income taxes                                      |   |                          | (103,996   | )      |                          |   | (357,113   | )                                              |   |   | (2,831,961 | ) |
|                                                                           |   |                          |       |   |                          |   |       |                                           |   |   |   |   |
| Income                  tax provision (Note                  5)                |   |                          | -          |   |                          |   | -          |                                           |   |   | - |   |
|                                                                           |   |                          |       |   |                          |   |       |                                           |   |   |   |   |
| Net                  loss                                                      |   | $                             | (103,996   | )      |                          | $      | (357,113   | )                                              |   | $ | (2,831,961 | ) |
|                                                                           |   |                          |       |   |                          |   |       |                                           |   |   |   |   |
| Basic                  and diluted loss per common                  share      |   | $                             | (0.01      | )      |                          | $      | (0.02      | )                                              |   |   |   |   |
|                                                                           |   |                          |       |   |                          |   |       |                                           |   |   |   |   |
| Weighted                  average common shares                  outstanding   |   |                          | 17,137,219 |   |                          |   | 14,463,904 |                                           |   |   |   |   |

----

|                                                                           |   |                          |       |   |                       |   |    |       |   |   | Common                  stock |   |   | Deficit                            |     |   |   |   |
|--------------------------------------------------------------------------------|--------|-------------------------------|------------|--------|----------------------------|--------|---------|------------|--------|--------|-------------------------------|--------|--------|------------------------------------|----------|--------|--------|--------|
|                                                                           |   |                          |       |   |                       |   |    | Additional |   |   | issued                  for   |   |   | accumulated                        |     |   |   |   |
|                                                                           |   | Common                  Stock |       |   | paid-in                    |   |    | prepaid    |   |   | during                  the   |   |   |                               |     |
|                                                                           |   | Shares                        |       |   | Par                  value |   |    | capital    |   |   | services                      |   |   | development                  stage |     |   | Total  |   |
| Balance                  at May 11, 2004                                       |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |
| Inception                  date                                                |   |                          | —    |   |                       | $      | — |       |   | $      | —                       |   |   | $                                  | —  |   |   | $      | — |   |   | $ | — |   |
|                                                                           |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| October                  2004 and January                  2005,               |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| sale                  of common stock                                          |   |                          | 9,555,100  |   |                       |   | 9,555   |       |   |   | 269,945                       |   |   |                               | —  |   |   |   | — |   |   |   | 279,500 |   |
| October                  2004, issuance of common                  stock       |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |
| for                  debt issue costs                                          |   |                          | 963,000    |   |                       |   | 963     |       |   |   | (63                           | )      |   |                               | —  |   |   |   | — |   |   |   | 900 |   |
| December                  2004, issuance of common                  stock      |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |
| for                  services                                                  |   |                          | 107,000    |   |                       |   | 107     |       |   |   | 893                           |   |   |                               | —  |   |   |   | — |   |   |   | 1,000 |   |
| January                  2005, conversion of notes                  payable to |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |
| common                  stock                                                  |   |                          | 74,900     |   |                       |   | 75      |       |   |   | 625                           |   |   |                               | —  |   |   |   | — |   |   |   | 700 |   |
| Net                  loss                                                      |   |                          | —    |   |                       |   | — |       |   |   | —                       |   |   |                               | —  |   |   |   | (534,619 | ) |   |   | (534,619 | ) |
| Balance                  at January 31, 2005                                   |   |                          | 10,700,000 |   |                       |   | 10,700  |       |   |   | 271,400                       |   |   |                               | —  |   |   |   | (534,619 | ) |   |   | (252,519 | ) |
|                                                                           |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| February                  2005 and March                  2005,                |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| sale                  of common stock                                          |   |                          | 428,000    |   |                       |   | 428     |       |   |   | 99,572                        |   |   |                               | —  |   |   |   | — |   |   |   | 100,000 |   |
| May 2005                  Reverse acquisition                  of Organic |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |
| Soils.com,                  Inc.                                               |   |                          | 2,323,000  |   |                       |   | 2,323   |       |   |   | (47,179                       | )      |   |                               | —  |   |   |   | — |   |   |   | (44,856 | ) |
| Net                  loss                                                      |   |                          | —    |   |                       |   | — |       |   |   | —                       |   |   |                               | —  |   |   |   | (664,190 | ) |   |   | (664,190 | ) |
|                                                                           |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| Balance                  at January 31, 2006                                   |   |                          | 13,451,000 |   |                       |   | 13,451  |       |   |   | 323,793                       |   |   |                               | —  |   |   |   | (1,198,809 | ) |   |   | (861,565 | ) |
|                                                                           |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| July                  2006 and August 2006,                                    |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| sale                  of common stock, less                                    |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| $7,500                  of offering costs                                      |   |                          | 250,000    |   |                       |   | 250     |       |   |   | 67,250                        |   |   |                               | —  |   |   |   | — |   |   |   | 67,500 |   |
| Net                  loss                                                      |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               | —  |   |   |   | (527,029 | ) |   |   | (527,029 | ) |
|                                                                           |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               | —  |   |   |   |   |   |   |   |   |   |
| Balance                  at January 31, 2007                                   |   |                          | 13,701,000 |   |                       |   | 13,701  |       |   |   | 391,043                       |   |   |                               | —  |   |   |   | (1,725,838 | ) |   |   | (1,321,094 | ) |
|                                                                           |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| March                  2007, conversion of                  convertible        |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| promissory                  notes to common                  stock             |   |                          | 594,356    |   |                       |   | 594     |       |   |   | 213,374                       |   |   |                               | —  |   |   |   | — |   |   |   | 213,968 |   |
| Issuance                  of warrants upon                  conversion         |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| of                  convertible promissory                  notes              |   |                          | —    |   |                       |   | — |       |   |   | 172,363                       |   |   |                               | —  |   |   |   | — |   |   |   | 172,363 |   |
| March                  2007, sale of common                  stock             |   |                          | 500,000    |   |                       |   | 500     |       |   |   | 124,500                       |   |   |                               | —  |   |   |   | — |   |   |   | 125,000 |   |
| April                  2007, sale of common                  stock,            |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| less                  $3,000 of offering                  costs                |   |                          | 100,000    |   |                       |   | 100     |       |   |   | 26,900                        |   |   |                               | —  |   |   |   | — |   |   |   | 27,000 |   |
| July                  2007, conversion of                  convertible         |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| promissory                  notes to common                  stock             |   |                          | 489,863    |   |                       |   | 490     |       |   |   | 183,209                       |   |   |                               | —  |   |   |   | — |   |   |   | 183,699 |   |
| Issuance                  of warrants upon                  conversion         |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| of                  convertible promissory                  notes              |   |                          | —    |   |                       |   | — |       |   |   | 151,368                       |   |   |                               | —  |   |   |   | — |   |   |   | 151,368 |   |
| July                  2007, sale of common                  stock              |   |                          | 200,000    |   |                       |   | 200     |       |   |   | 49,800                        |   |   |                               | —  |   |   |   | — |   |   |   | 50,000 |   |
| August                  2007, sale of common                  stock            |   |                          | 250,000    |   |                       |   | 250     |       |   |   | 74,720                        |   |   |                               | —  |   |   |   | — |   |   |   | 74,970 |   |
| October                  2007, sale of                  common                 |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| stock                                                                          |   |                          | 200,000    |   |                       |   | 200     |       |   |   | 59,770                        |   |   |                               | —  |   |   |   | — |   |   |   | 59,970 |   |
| November                  2007, sale of common                  stock          |   |                          | 210,000    |   |                       |   | 210     |       |   |   | 59,790                        |   |   |                               | —  |   |   |   | — |   |   |   | 60,000 |   |
| December                  2007, stock issued                  for              |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| consulting                  services                                           |   |                          | 500,000    |   |                       |   | 500     |       |   |   | 174,500                       |   |   |                               | (160,417 | )      |   |   | — |   |   |   | 14,583 |   |
| December                  2007, issuance of stock                  options     |   |                          | —    |   |                       |   | — |       |   |   | 140,250                       |   |   |                               | —  |   |   |   | — |   |   |   | 140,250 |   |
| January                  2008, sale of common                  stock           |   |                          | 150,000    |   |                       |   | 150     |       |   |   | 39,850                        |   |   |                               | —  |   |   |   | — |   |   |   | 40,000 |   |
| Net                  loss                                                      |   |                          | -          |   |                       |   | — |       |   |   | —                       |   |   |                               | —  |   |   |   | (1,002,127 | ) |   |   | (1,002,127 | ) |
|                                                                           |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| Balance                  at January 31, 2008                                   |   |                          | 16,895,219 |   |                       | $      | 16,895  |       |   | $      | 1,861,437                     |   |   |                               | (160,417 | )      |   | $      | (2,727,965 | ) |   | $ | (1,010,050 | ) |
|                                                                           |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| February                  2008, sale of common                  stock          |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| (Note                  6)                                                      |   |                          | 242,000    |   |                       |   | 242     |       |   |   | 67,758                        |   |   |                               | —  |   |   |   | — |   |   |   | 68,000 |   |
| April                  2008, expense stock issued                  for         |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| prepaid                  services in Dec 2007 (Note                  6)        |   |                          | —    |   |                       |   | — |       |   |   | —                       |   |   |                               | 43,750   |   |   |   | — |   |   |   | 43,750 |   |
| Net                  loss                                                      |   |                          | —    |   |                       |   | — |       |   |   | —                       |   |   |                               | —  |   |   |   | (103,996 | ) |   |   | (103,996 | ) |
|                                                                           |   |                          |       |   |                       |   |    |       |   |   |                          |   |   |                               |     |   |   |   |   |   |   |   |   |   |
| Balance                  at April 30, 2008                                     |   |                          | 17,137,219 |   |                       | $      | 17,137  |       |   | $      | 1,929,195                     |   |   |                               | (116,667 | )      |   | $      | (2,831,961 | ) |   | $ | (1,002,296 | ) |

----

|                                                                                 |   |                          |     |   |                          |   |     | May                  11,                  2004 |   |
|--------------------------------------------------------------------------------------|--------|-------------------------------|----------|--------|-------------------------------|--------|----------|------------------------------------------------|--------|
|                                                                                 |   | Three                  months |     |   | Three                  months |   |     | (Inception)                                    |   |
|                                                                                 |   | ended                         |     |   | ended                         |   |     | Through                                        |   |
|                                                                                 |   | April                  30,    |     |   | April                  30,    |   |     | April                  30,                     |   |
|                                                                                 |   | 2008                          |     |   | 2007                          |   |     | 2008                                           |   |
|                                                                                 |   |                          |     |   |                          |   |     |                                           |   |
| Cash                  flows from operating                  activities:              |   |                          |     |   |                          |   |     |                                           |   |
|  Net                  loss                                                      |   | $                             | (103,996 | )      |                          | $      | (357,113 | )                                              |   | $ | (2,831,961 | ) |
| Adjustments                  to reconcile net loss                  to net cash      |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| used                  by operating                  activities:                      |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Stock                  based compensation                                            |   |                          | —  |   |                          |   | —  |                                           |   |   | 316,250 |   |
| Common                  stock issued for prepaid                  services           |   |                          | 43,750   |   |                          |   | —  |                                           |   |   | (116,667 | ) |
| Loss                  on debt extinguishment                                         |   |                          | —  |   |                          |   | 65,379   |                                           |   |   | 126,612 |   |
| Expense                  incurred upon issuance or                  modification     |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| of                  stock and warrants                                               |   |                          | —  |   |                          |   | 172,363  |                                           |   |   | 323,731 |   |
| Changes                  in operating assets and                  liabilities:       |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Accounts                  payable                                                    |   |                          | (10,990  | )      |                          |   | 307      |                                           |   |   | 247,845 |   |
| Related                  party payables (Note                  2)                    |   |                          | 7,500    |   |                          |   | 27,250   |                                           |   |   | 312,700 |   |
| Accrued                  expenses                                                    |   |                          | 1,802    |   |                          |   | (2,427   | )                                              |   |   | 99,153 |   |
| Net                  cash used in                                                    |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| operating                  activities                                                |   |                          | (61,934  | )      |                          |   | (94,241  | )                                              |   |   | (1,522,337 | ) |
|                                                                                 |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Cash                  flows from investing                  activities:              |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Investment                  in Inhibitex                  Therapeutics, Inc.         |   |                          | —  |   |                          |   | —  |                                           |   |   | (44,856 | ) |
| Net                  cash used in                                                    |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| investing                  activities                                                |   |                          | —  |   |                          |   | —  |                                           |   |   | (44,856 | ) |
|                                                                                 |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Cash                  flows from financing                  activities:              |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| (Payments                  on) proceeds from                  related party notes    |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| payable,                  net (Note 2)                                               |   |                          | (26,817  | )      |                          |   | (57,048  | )                                              |   |   | 342,325 |   |
| Proceeds                  from notes payable, other                  (Note 3)        |   |                          | —  |   |                          |   | —  |                                           |   |   | 48,200 |   |
| Proceeds                  from convertible                  promissory note (Note 3) |   |                          | —  |   |                          |   | —  |                                           |   |   | 225,000 |   |
| Proceeds                  from issuance of common                  stock,            |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| net                  of offering costs (Note                  6)                     |   |                          | 68,000   |   |                          |   | 152,000  |                                           |   |   | 951,940 |   |
| Net                  cash provided by                                                |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| financing                  activities                                                |   |                          | 41,183   |   |                          |   | 94,952   |                                           |   |   | 1,567,465 |   |
|                                                                                 |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Net                  change in cash and                                              |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| cash                  equivalents                                                    |   |                          | (20,751  | )      |                          |   | 711      |                                           |   |   | 272 |   |
|                                                                                 |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Cash                  and cash equivalents:                                          |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Beginning                  of period                                                 |   |                          | 21,023   |   |                          |   | 141      |                                           |   |   | — |   |
|                                                                                 |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| End                  of period                                                       |   | $                             | 272      |   |                          | $      | 852      |                                           |   | $ | 272 |   |
|                                                                                 |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Supplemental                  disclosure of cash                  flow information:  |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Cash                  paid during the period                  for:                   |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Income                  taxes                                                        |   | $                             | —  |   |                          | $      | —  |                                           |   | $ | — |   |
|  Interest                                                                       |   | $                             | 6,183    |   |                          | $      | 9,614    |                                           |   | $ | 48,554 |   |
|                                                                                 |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Noncash                  financing                  transactions:                    |   |                          |     |   |                          |   |     |                                           |   |   |   |   |
| Notes                  and interest payable                  converted to stock      |   | $                             | —  |   |                          | $      | 148,589  |                                           |   | $ | 271,755 |   |
| Stock                  issued in exchange for debt                  issue costs      |   | $                             | —  |   |                          | $      | —  |                                           |   | $ | 900 |   |

----

----

| Management                fees payable to officers              |   | $      | 312,700 |   |
|-----------------------------------------------------------------|--------|--------|---------|--------|
|                                                            |   |   |    |   |
| Rent                payable to company affiliated with officers |   |   | -0-     |   |
|                                                            |   |   |    |   |
| Total                accounts payable, related party            |   | $      | 312,700 |   |

----

| Notes                payable to officers; interest at 8% and due on demand                                                     |   | $      | 671     |   |
|--------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
|                                                                                                                           |   |   |    |   |
| Notes                payable to affiliates of Company officers; interest at 8% and due                on                demand |   |   | 340,054 |   |
|                                                                                                                           |   |   |    |   |
| Note                payable to significant stockholder; interest at 8% and due on                demand                        |   |   | 13,000  |   |
|                                                                                                                           |   |   |    |   |
| Notes                payable, related party                                                                                    |   |   | 353,725 |   |
|                                                                                                                           |   |   |    |   |
| Interest                payable related party                                                                                  |   |   | 45,265  |   |
|                                                                                                                           |   |   |    |   |
| Total                principal and interest payable, related party                                                             |   | $      | 398,990 |   |

----

|                                       |   | Three                months ended April 30, 2008 |   |   | Three                months ended April 30, 2007 |   |   | May                11, 2004 (Inception) through April 30, 2008 |   |
|--------------------------------------------|--------|--------------------------------------------------|--------|--------|--------------------------------------------------|--------|--------|----------------------------------------------------------------|--------|
| General                and administrative  |   | $                                                | 3,197  |   |                                             | $      | 2,037  |                                                           |   | $ | 31,470 |   |
| Legal                and accounting        |   |                                             | 664    |   |                                             |   | (2,403 | )                                                              |   |   | 78,640 |   |
| Loss                on debt extinguishment |   |                                             | -      |   |                                             |   | 65,379 |                                                           |   |   | 126,612 |   |
| Professional                services       |   |                                             | 59,350 |   |                                             |   | 600    |                                                           |   |   | 251,559 |   |
| Stock                based compensation    |   |                                             | -      |   |                                             |   | -      |                                                           |   |   | 155,833 |   |
|                                       |   | $                                                | 63,211 |   |                                             | $      | 65,613 |                                                           |   | $ | 644,114 |   |

----

----

----

----

| Exhibits: |                                                                                                      |
|-----------|-----------------------------------------------------------------------------------------------------------|
| 31.1      | CEO                Certification pursuant to Section 302 of the Sarbanes-Oxley Act of                2002 |
| 32.1      | CEO                Certification pursuant to Section 906 of the Sarbanes-Oxley Act of                2002 |

----

|   | INHIBITON                THERAPEUTICS, INC. |
|--------|---------------------------------------------|
|   | (Registrant)                                |

| Date:                June 20, 2008 | By:                /s/ Henry                Fong                                    |
|------------------------------------|------------------------------------------------------------------------------------------|
|                               | Henry                Fong                                                                |
|                               | Principal                Executive Officer andPrincipal                Financial Officer |
|                               |                                                                                     |