SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

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

                      For the quarterly period ended
                             March 31, 2003
   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)

              Delaware                             52-2217568
        (State or other jurisdiction of         (I.R.S. Employer
        incorporation or organization)          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, 2003

Common Stock, par value $0.0001                 5,000,000

Documents incorporated by reference:            None

               PART I  -- FINANCIAL INFORMATION

                     INJET CORPORATION
               (A DEVELOPMENT STAGE COMPANY)
                       BALANCE SHEET
                  AS OF MARCH 31, 2003
                       (Unaudited)
                  -----------------------
                         ASSETS
                         ------

Cash                                    $ 1,857
                                        ------
TOTAL ASSETS                            $ 1,857
                                        ======



        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                     (738)
                                         -----
 Total Stockholder's Equity              1,857
                                         -----
TOTAL LIABILITIES AND
  STOCKHOLDER'S EQUITY                  $1,857
                                       =======



             See accompanying notes to financial statements
                                    2

<PAGE>

                           INJET CORPORATION
                      (A DEVELOPMENT STAGE COMPANY)
                         STATEMENT OF OPERATIONS
                             (Unaudited)
                         -----------------------

                                                      For the Period
                                                          From
                      For the Three   For the Three    March 24, 1999
                      Months Ended    Months Ended     (Inception) to
                      March 31, 2003  March 31, 2002   March 31, 2003
                      -----------    ------------     --------------

Income                $      -        $   -            $     -

Expenses
 Administrative expenses     33            33               738
                      ----------      ---------        ---------
Total expenses               33            33               738
                      ----------      ---------         ---------
NET LOSS              $      33         $  33             $(738)
==========            ==========      =========        ==========


                See accompanying notes to financial statements
                                       3

<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, 2003
                               (Unaudited)
                           --------------------

                                                           Deficit
                                                           Accumulated
                                               Additional  During
                        Common Stock 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 years ended:
 December 31, 1999              -        -         -          (535)     (535)
 December 31, 2000              -        -         -           -          -
 December 31, 2001              -        -         -           (38)      (38)
 December 31, 2002              -        -         -          (132)     (132)
 March 31, 2003                 -        -         -           (33)      (33)
                          ---------   ------     -----     --------    ------
BALANCE AT
  MARCH 31, 2003         5,000,000    $ 500     $2,095       $(738)    $1,857
===================      =========    =====      =====      =======    ======

               See accompanying notes to financial statements
                                       4

<PAGE>
<TABLE>
<CAPTION>
                                  INJET CORPORATION
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENTS OF CASH FLOWS
                                    (Unaudited)
                               ------------------------

                                                                    For The Period
                                                                    From
                                    January 1,      January 1,      March 24, 1999
                                    2003 to         2002 to         (Inception) to
                                    March 31, 2003  March 31, 2002  March 31, 2003
                                    -----------     -----------     ------------
<S>                                 <C>             <C>             <C>

CASH FLOWS FROM OPERATING
   ACTIVITIES:

Net loss                             $    33        $   33          $   (738)
Adjustment to reconcile
 net loss to net cash used by
 operating activities

Contributed expenses                      -             -                535
                                       -------        -------         --------
 Net Cash Used In Operating
     Activities                           33            33              (738)
                                       -------        -------         --------
CASH FLOWS FROM INVESTING ACTIVITIES      -             -                 -
                                       -------        -------         --------
CASH FLOWS FROM FINANCING ACTIVITIES:

  Proceeds from capital
    contributions                                      1,560           1,560
  Proceeds from issuance of
     common stock                        -             -                 500
                                       -------        -------          -------
 Net Cash Provided By Financing
    Activities                            -            1,560           2,060
                                       -------        -------          -------
DECREASE IN CASH AND CASH EQUIVALENTS     -             -              1,857

CASH AND CASH EQUIVALENTS - BEGINNING
   OF PERIOD                             1,890                             -
                                        -------        -------         -------
CASH AND CASH EQUIVALENTS -
   END OF PERIOD                       $ 1,857                         $1,857
=========================             ========         =======         ======
</TABLE>

                    See accompanying notes to financial statements
                                        5
<PAGE>

NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

    (A) Organization and Business Operations

    Injet Corporation, formerly Caliper Acquisition Corporation prior to its
    name change on January 7, 2002, (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, 2003, 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, 2002
    and 2001.

    (E) Recent Accounting Pronouncements

    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.

    In August 2001, the FASB issued SFAS 144, "Accounting for the Impairment
    or Disposal of Long-Lived Assets".  This statement addresses financial
    accounting and reporting for the impairment or disposal of long-lived
    assets and supercedes FASB Statement No. 121, "Accounting for the
    Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed
    Of".  The provisions of the statement are effective for financial
    statements issued for the fiscal years beginning after December 15, 2001.

    In April 2002, the FASB issued SFAS 145, Rescission of FASB Statements
    No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical
    Corrections.  SFAS 145 rescinds the provisions of SFAS No. 4 that requires
    companies to classify certain gains and losses from debt extinguishments
    as extraordinary items, eliminates the provisions of SFAS No. 44 regarding
    transition to the Motor Carrier Act of 1980 and amends the provisions of
    SFAS No. 13 to require that certain lease modifications be treated as sale
    leaseback transactions.  The provisions of SFAS 145 related to
    classification of debt extinguishments are effective for fiscal years
    beginning after May 15, 2002.  Earlier application is encouraged.  The
    Company does not believe the adoption of this standard will have a
    material impact the financial statements.

    In July 2002, the FASB issued SFAS No. 146, "Accounting for
    Restructuring Costs."  SFAS 146 applies to costs associated
    with an exit activity (including restructuring) or with a
    disposal of long-lived assets.  Those activities can include
    eliminating or reducing product lines, terminating employees
    and contracts and relocating plant facilities or personnel.
    Under SFAS 146, the Company will record a liability for a cost
    associated with an exit or disposal activity when that
    liability is incurred and can be measured at fair value.  SFAS
    146 will require the Company to disclose information about its
    exit and disposal activities, the related costs, and changes in
    those costs in the notes to the interim and annual financial
    statements that include the period in which an exit activity is
    initiated and in any subsequent period until the activity is
    completed.  SFAS 146 is effective prospectively for exit or
    disposal activities initiated after December 31, 2002, with
    earlier adoption encouraged.  Under SFAS 146, a company cannot
    restate its previously issued financial statements and the new
    statement grandfathers the accounting for liabilities that a
    company had previously recorded under Emerging Issues Task
    Force Issue 94-3.

    In December 2002, the Financial Accounting Standards Board issued
    Statement No. 148, "Accounting for Stock-Based Compensation-Transition
    and Disclosure - an amendment of FASB Statement No. 123," ("SFAS 148").
    SFAS 148 amends
    FASB Statement No. 123, "Accounting for Stock Based Compensation" ("SFAS
    123") and provides alternative methods for accounting for a change by
    registrants to the fair value method of accounting for stock-based
    compensation.  Additionally, SFAS 148 amends the disclosure requirements
    of SFAS 123 to require disclosure in the significant accounting policy
    footnote of both annual and interim financial statements of the method of
    accounting for stock based-compensation and the related pro forma
    disclosures when the intrinsic value method continues to be used.  The
    statement is effective for fiscal years beginning after December 15, 2002,
    and disclosures are effective for the first fiscal quarter beginning after
    December 15, 2002.

    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 December 31, 2002 represents
    $1,560 contributed to the Company by TPG in 2002 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).

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANAYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERAITONS

     The Company will attempt to locate and negotiate with a business
entity for the combination of that target company with the Company.  The
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
immediately after the transaction is consummated or at specified times
thereafter.  If such registration occurs, it will be undertaken by the
surviving entity after the Company has entered into an agreement for a
business combination or has consummated a business combination.  The
issuance of additional securities and their potential sale into any
trading market which may develop in the Company's securities may depress
the market value of the Company's securities in the future if such a
market develops, of which there is no assurance.

     The Company will participate in a business combination only after
the negotiation and execution of appropriate agreements.  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.

Sarbanes-Oxley Act

     Pursuant to Rules adopted by the Securities and Exchange Commission
under Section 302(a) of the Sarbanes-Oxley Act of 2002, the
Company carried out an evaluation of the effectiveness of the design and
operation of its disclosure controls and procedures pursuant to Exchange
Act Rule 13a-14.  This evaluation  was done under the supervision and
with the participation of the Company's principal executive officer (who
is also the principal financial officer).  There have been no significant
changes in internal controls or in other factors that could significantly
affect internal controls subsequent to the date of the evaluation.  Based
upon that evaluation, he believes that the Company's disclosure controls
and procedures are effective in gathering, analyzing and disclosing
information needed to ensure that the information required to be disclosed
by the Company in its periodic reports is recorded, summarized and processed
timely.  The principal executive officer  is directly involved in the day-
to-day operations of the Company.
           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

     None

     (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.

                                 INJET CORPORATION

                                 By:   /s/ James M. Cassidy
                                            President

Dated:   May 6, 2003

     Pursuant to the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.

NAME                          OFFICE              DATE

/s/ James M. Cassidy          Director            May 6, 2003


<PAGE>
                              CERTIFICATION


I, James M. Cassidy, certify that:

1.   I have reviewed this report on Form 10-QSB.

2.   Based on my knowledge, this report does not contain any
     untrue statement of a material fact or omit to state a material fact
     necessary to make the statements made, in light of the circumstances
     under which such statements were made, not misleading with respect
     to the period covered by this report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this report, fairly present in all
     material respects the financial condition, results of operations and
     cash flows of the registrant as of, and for, the periods presented
     in this report;

4.   I am responsible for establishing and maintaining disclosure
     controls and procedures (as defined in Exchange Act Rules 13a-14 and
     15d-14) for the registrant and have:

a)   designed such disclosure controls and procedures to ensure that
     material information relating to the registrant, including its
     consolidated subsidiaries, is made known to me by others within
     those entities, particularly during the period in which this
     report is being prepared;

b)   evaluated the effectiveness of the registrant's disclosure
     controls and procedures as of a date within 90 days prior to the
     filing of this report (the "Evaluation Date"); and

c)   presented in this report my conclusions about the
     effectiveness of the disclosure controls and procedures based on
     my evaluation as of the Evaluation Date;

5.   I have disclosed, based on my most recent evaluation, to the
     registrant's auditors and the audit committee of registrant's
     board of directors (or persons performing the equivalent
     functions):

a)   all significant deficiencies in the design or operation of
     internal controls which could adversely affect the registrant's
     ability to record, process, summarize and report financial data
     and have identified for the registrant's auditors any material
     weaknesses in internal controls;

b)   any fraud, whether or not material, that involves management or
     other employees who have a significant role in the registrant's
     internal controls; and

6.   I have indicated in this report whether or not there were
     significant changes in internal controls or in other factors that
     could significantly affect internal controls subsequent to the date
     of my most recent evaluation, including any corrective actions with
     regard to significant  deficiencies and material weaknesses.

      Date: May 6, 2003               /s/ James M. Cassidy
                                          President and Director and
                                          Chief Financial Officer
                                          Principal Accounting Officer

<PAGE>