U. S. SECURITIES & EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-QSB

        [x] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                            AND EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 2006
                  --------------------------------------------

        [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE
                                   ACT OF 1934

                         Commission file Number 0-29711

                               SUBJEX CORPORATION
                      (Exact name of small business issuer)

              Minnesota                              41-1596056
      (State of incorporation)            IRS Employer Identification number

            3010 Hennepin Ave South, Suite 297, Minneapolis, MN 55408
                    (Address of principal executive offices)

                                 (952) 931-0501
                         (Registrant's telephone number)
     Check whether the issuer (1) filed all reports required to be filed by

Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter periods 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 by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes  [ ] No [X]

There were 49,905,648 shares of common stock outstanding as of September 8,
2006.


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<TABLE>
<CAPTION>
SUBJEX CORPORATION INDEX

                                                                         PAGE NUMBER
<S>                                                                      <C>
PART I - FINANCIAL INFORMATION

        ITEM 1. FINANCIAL STATEMENTS

          Balance Sheets as of June 30, 2006 (unaudited)
          and December 31, 2005 (audited)                                          3

          Statements of Operations for the Three and Six
          Months Ended June 30, 2006 and
          June 30, 2005 (unaudited)                                                4

          Statements of Cash Flows for the Six
          Months Ended June 30, 2006 and
          June 30, 2005 (unaudited)                                                5

          Notes to the Financial Statements (unaudited)                            6

        ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
        CONDITION AND RESULTS OF OPERATIONS                                        7

        ITEM 3. CONTROLS AND PROCEDURES                                           10

PART II - OTHER INFORMATION                                                       10

        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                                                                    12
SIGNATURES
</TABLE>


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<TABLE>
<CAPTION>
                                  SUBJEX CORPORATION
                                    BALANCE SHEETS


                                                              30-Jun        31-Dec
                                                               2006          2005
                                                           (Unaudited)    (Audited)
                                                           --------------------------
<S>                                                        <C>           <C>
            ASSETS
            ------
Current Assets:
    Cash                                                   $       760   $     2,215
    Accounts receivable                                              -           150
    Prepaid expenses                                                 -        19,045
                                                           ------------  ------------

        Total current assets                                       760        21,410

Property and equipment, net                                     13,942        17,370
                                                           ------------  ------------

        Total assets                                       $    14,702   $    38,780
                                                           ============  ============

LIABILITIES AND STOCKHOLDERS' DEFICIT
-------------------------------------

Current Liabilities:
    Short-term notes payable                                    36,634        32,150
    Subordinated convertible notes payable                      23,000        23,000
    Current portion of long-term debt                                -         1,873
    Accounts payable                                           115,887        92,281
    Accrued expenses:
        Payroll and payroll taxes                              133,093       129,373
        Interest                                                19,346        17,909

                                                           ------------  ------------
Total current liabilities                                      327,960       296,586

Long-term debt:
    Long-term debt, less current portion                        53,590        20,611
                                                           ------------  ------------

        Total liabilities                                      381,550       317,197
                                                           ------------  ------------

Stockholders' deficit:
    Common stock, no par or stated value;
        50,000,000 shares authorized: 49,355,648 and
        49,105,648 shares issued and outstanding at
        June 30, 2006 and December 31, 2005, respectively    4,632,230     4,624,730
    Subscription received                                       31,000        29,000
    Accumulated deficit                                     (5,030,078)   (4,932,147)
                                                           ------------  ------------

Stockholders' deficit                                         (366,848)     (278,417)
                                                           ------------  ------------

    Total liabilities and stockholders' deficit            $    14,702   $    38,780
                                                           ============  ============
</TABLE>


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


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<TABLE>
<CAPTION>
                                              SUBJEX CORPORTION
                                          STATEMENTS OF OPERATIONS
                                                 (Unaudited)

                                                Three Months Ended June 30,      Six Months Ended June 30,
                                                   2006            2005            2006            2005
                                              ------------------------------  ------------------------------
<S>                                           <C>             <C>             <C>             <C>
Revenues                                      $      13,771   $      22,912   $     102,497   $      41,217
                                              --------------  --------------  --------------  --------------
Expenses:
    Selling, general and administrative              64,740         151,188         198,152         280,117
                                              --------------  --------------  --------------  --------------

        Total operating expense                      64,740         151,188         198,152         280,117
                                              --------------  --------------  --------------  --------------

        Operating loss                              (50,969)       (128,276)        (95,655)       (238,900)

Other income (expense)
    Interest expense                                 (1,558)         (7,789)         (2,277)         (8,356)
                                              --------------  --------------  --------------  --------------

Net loss                                      $     (52,527)  $    (136,065)  $     (97,932)  $    (247,256)
                                              ==============  ==============  ==============  ==============

Net loss per basic and diluted common share   $      (0.001)  $      (0.003)  $      (0.001)  $      (0.005)
                                              ==============  ==============  ==============  ==============

Weighted average common shares
    outstanding - basic and diluted              49,355,648      46,401,934      49,355,648      46,601,934
                                              ==============  ==============  ==============  ==============
</TABLE>

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


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<TABLE>
<CAPTION>
                                SUBJEX CORPORTION
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                       Six Months Ended June 30,
                                                          2006          2005
                                                      --------------------------
<S>                                                   <C>           <C>
Cash flow from operating activities:
    Net loss                                          $   (97,932)  $  (247,256)
    Adjustments to reconcile net loss to
        net cash flows used in operating activities:
            Depreciation                                    3,953        (4,087)
            Non cash stock compensation expenses                -        14,629
    Changes in operating assets and liabilities:
        Accounts receivable                                   150          (150)
        Prepaid expenses                                   19,045       (33,332)
        Accounts payable                                   23,606        15,747
    Accrued expenses:
        Payroll and payroll taxes                           3,720       (19,861)
        Accrued interest                                    1,437             -
        Other accrued expenses                                  -         1,135
                                                      ------------  ------------
    Net cash used in operating activities                 (46,021)     (273,175)
                                                      ------------  ------------

Cash flow from investing activities:
    Purchase of property and equipment                       (525)      (10,546)
                                                      ------------  ------------

Cash flow from financing activities:
    Proceeds from issuance of capital stock                 9,500       222,300
    Proceeds from stock subscriptions                           -           200
    Proceeds from issuance of notes payable                38,075             -
    Principal payments on long-term debt                   (2,484)         (990)
                                                      ------------  ------------

    Net cash provided by financing activities              45,091       221,510
                                                      ------------  ------------

Decrease in cash                                           (1,455)      (62,211)
Cash at beginning of period                                 2,215        62,952
                                                      ------------  ------------

Cash at end of period                                 $       760   $       741
                                                      ============  ============

Supplemental cash flow information:
        Cash paid for interest                        $         -   $         -
                                                      ============  ============
        Cash paid for income taxes                    $         -   $         -
                                                      ============  ============
</TABLE>

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


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<PAGE>
                  Notes to the Financial Statements (unaudited)


Note 1.  Basis of Presentation

The accompanying unaudited condensed financial statements of Subjex Corporation
(the Company) have been prepared in accordance with generally accepted
accounting principles for interim financial information and with the
instructions to Item 310(b) of Regulation S-B. Accordingly, they do not include
all of the information and footnotes required by accounting principles generally
accepted in the United States of America for complete financial statements. All
adjustments which, in the opinion of management, are considered necessary for a
fair presentation of the results of operations for the periods shown are of a
normal recurring nature and have been reflected in the unaudited condensed
financial statements. There are no additional material subsequent events or
material contingencies that require disclosure. The results of operations for
the periods presented are not necessarily indicative of the results expected for
the full fiscal year or for any future period. The information included in these
unaudited condensed financial statements should be read in conjunction with
Management's Discussion and Analysis  contained in this report and with the
financial statements and accompanying notes included in the Annual Report on
Form 10-KSB for the year ended December 31, 2005.

Note 2. Acquisition of Assets

In January 2006, the Company acquired certain assets, primarily web-site, domain
names, software and trade names from FarSuperior Management LLC., (FM) using a
performance based warrant agreement. FM claimed it operated a business directory
websites for consumers to shop on the internet. Operational requirements of the
two parties included working together to continue to execute on the FM business
model and SubjexCRS/ME sales systems. Subjex Corporation attempted to take over
technical operations of the FM web properties and integrate them with its other
operation; however this was not possible due to a lack of documentation on the
assets that were delivered to the Company. FM was paid a commission on the
revenue it produced in January on SubjexCSR. However without additional sales
resources or proper documentation to support a software FM migration, the FM
operation ceased to generate revenue for the Company. The Company believes that
the agreement with FM has been breached, and has terminated all operations in
this regard. All warrants were canceled as well as the acquiring of trade names
during the quarter ended June 30, 2006. This decision is based upon limited
resources of the Company as a result of the inability of FM to deliver in a
manner that did not necessitate the Company to completely redevelop the software
that FM presented to the Company as completed.

Note 3.  Going Concern

The accompanying financial statements were prepared assuming that the Company
will continue as a going concern. This basis of accounting contemplates the
realization of assets and the satisfaction of its liabilities and commitments in
the normal course of operations. Since inception, the Company has incurred
losses of $5,030,078 and has a working capital deficit of $364,334 as of June
30, 2006.  These issues raise substantial doubt about the Company's ability to
continue as a going concern.

The Company has sought debt financing to fund its working capital needs.
Failure of the Company to generate continued revenue could result in the company
to continue as a going


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<PAGE>
concern.  No estimate can be made of the range of loss that is reasonably
possible should the Company be unsuccessful.

The financial statements do not include any adjustments to reflect the possible
future effects on the recoverability and classification of assets or the amounts
and classification of liabilities that may result from the inability of the
Company to continue as a going concern.

Note 4.  Payroll and Payroll Taxes

In March 2004, the Company agreed to a payment plan with the IRS related to
employee payroll withholdings and payroll taxes in which the Company did not pay
from October 1, 2000 through June 30, 2003 aggregating approximately $88,000 at
December 31, 2003.  This liability is included in accrued expenses - payroll and
payroll taxes. The payment plan requires 24 monthly installments of $2,000
beginning April 15, 2004 and ending March 15, 2006.  As of June 30, 2006, the
Company is working with the IRS to determine the resolution for final payment
which totals $70,936 at June 30, 2006.  Until all amounts owed are paid to the
IRS, the IRS will maintain a federal tax lien on the Company's property.


Note 5. Stockholders' Deficit

During the Second quarter ending June 30, 2006, the Company did not issue shares
of common stock. However there was an adjustment made in the First quarter to
the outstanding shares of the Company by the transfer agent. 250,000 shares were
added due to shares issued in prior years but not accounted for properly by our
previous transfer agent.

On January 12, 2006, the Company granted 500,000 common stock warrants in
connection with the FarSuperior asset acquisition (see note 2).

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995

Statements in this discussion which are not historical facts may be considered
"forward looking statements" within the meaning of Section 21E of the Securities
Act of 1934, as amended. The words "believe", "expect", "anticipate",
"estimate", and similar expressions identify forward looking statements. Any
forward looking statement involves risks and uncertainties that could cause
actual events or results to differ, perhaps materially, from the events
described in the forward looking statements. Readers are cautioned not to place
undue reliance on these forward looking statements. The Company undertakes no
obligation to publicly update or revise any forward looking statement, whether
as a result of new information, future events or otherwise. The risks associated
with the Company's forward looking statements include, but are not limited to,
risks associated with the Company's history of losses and uncertain
profitability, sales and marketing strategies, competition, general economic
conditions, reliance on key management and production people, current and future
capital needs, dilution, effects of outstanding notes and convertible
debentures, limited public market for the Company's capital stock, low stock
price, and lack of liquidity.

The following discussion and analysis should be read in conjunction with the
Financial Statements, related notes and other information included in this
report.


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<PAGE>
Description of Business

Overview

Subjex Corporation is an innovative provider of intelligent software solutions.
Subjex Corporation has developed and sells an Artificial Intelligence Software
platform that is in part used to create virtual personalities for company web
sites. The software chats with web site visitors, answers questions, and sells
products for its clients. Making the searching and communication processes
simple for web site visitors has become the key to improved sales and visitor
web site retention. Subjex Corporation is setting a new standard in customer
service technology that is both easily deployable and inexpensive. The Subjex
Corporation mission is to give massive value to our client base while providing
clear-continuous revenue and profit growth for our investor base. The Company
has also expanded its corporate goals to include possible acquisitions or
licensing of profitable businesses and business models that are synergistically
compatible with its core technology.

Principal Products and Services

SubjexCSR (Customer Service Representative) is Subjex Corporation's flagship
Artificial Intelligence product. SubjexME is another product recently developed.
SubjexCSR and SubjexME are used in conjunction with SubjexOPS (Operator Training
System) which allows clients to train their implementation to sell their
products and communicate with their users on their web site. This technology is
used on the Subjex.com web site to sell itself by conducting dialogue with
business owners (through text) to dynamically converse with a normal, human-like
conversation chat. SubjexCSR and SubjexME both run in the same environment and
on the same platform. Both can lower costs dramatically for companies who have
web sites, or large distributor networks. The system can converse eloquently
with thousands of simultaneous users for less than the cost of one live
operator, and can drastically increase sales (closing ratios) by recommending
ideal products for that specific individual. The key to this product is its
iterative "back and forth" methodology which actually conducts an interview
conversation. The system is able to learn users' needs in a way users are
already familiar with - "dialogue".

Today, Subjex is the only customer service solution that is targeting small
business with a true bi-directional dialogue application. The Company's Subjex
dialogue platform supports each function of customer service from the
introduction to the sales process to post sale support.


Trademarks and Patents

The Company holds trademarks and patent protection for most of its business that
management feels are relevant to protect the company interests.

Environmental Compliance

The Company believes it is in compliance with all current federal and state
environmental laws.

Employees


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The Company had three full-time employees on June 30, 2006.  The Company's
employees are not represented by any labor unions.  The Company considers its
relations with its employees to be very good.

Competition

The Company is aware of other companies selling solutions that appear to be
similar to Subjex; however management is not aware of any companies that are
selling the same solution as we have designed. In addition management has made
the decision to focus half of our marketing efforts directly to small
businesses, with the SubjexCSR product, and the remainder towards Network
Marketing companies with the SubjexME product. Our competitor's solutions are
less effective, extremely complex for the small business owner, and vastly more
expensive. Our demographic target - to our knowledge - has never been exposed to
this type of technology, because no one has priced an appealing product within
the budget of small business. Management believes that while some companies may
have greater resources than Subjex, we have superior products, and a new market
with a product no one has seen before in the Network Marketing industry. We
believe we have the experience to implement a model that is self sustaining
enough to take a huge part of the market before our competitors realize it.

Recent Developments

Operating expenses have decreased for the same quarter of the previous year due
to the restructuring of operations. Operating expenses for the quarter ending
June 30, 2005 were $151,188 compared to this quarter ending June 30, 2006 which
was $64,740. The quarter ending June 30, 2005 the Company had received $22,912
in revenue whereas the quarter ending June 30, 2006 revenue was $13,771. This
decrease in revenue is due to lack of sales resources. To cover operational
expenses the Company is seeking debt financing.

The Company's cash balances have not been enough to meet its operational needs.
Therefore the Company has adjusted its operations to meet its operational cash.
As sales continue, the Company expects future operational cash requirements to
increase to accommodate growth.  The Company's use of the automation tools for
sales, training and installation (i.e. delivery) of the Company's products
allows us to operate efficiently, and use less operational cash than without
such tools.

Subjex and its supporters are breaking new ground in several related technology
and Artificial Intelligence areas. Management believes that the company will be
successful and see not just continued revenue growth but exceptional revenue
growth from these efforts.

In addition the Company continues to identify what it feels are acquisition
targets and an acquisition methodology to bring in additional top line revenue
with very little dilutional impact on the company.

ITEM 3 - CONTROLS AND PROCEDURES

The Company has in place one staff member that daily reviews all accounts and
figures (accounting systems) that pertain to accounting and the financial
condition of the company. This includes banking, accounts payable, stocks etc.
One additional employee handles the accounts receivable only. The internal
records are then forwarded to an outside accounting firm, owned and operated by
a person related to the Company's CEO, that does the bookkeeping and accounting.
The staff and the accounting firm are in contact on a daily basis.


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<PAGE>
                           PART II - OTHER INFORMATION


ITEM 1. - LEGAL PROCEEDINGS

None.

ITEM 2 - CHANGES IN SECURITIES AND USE OF PROCEEDS

None.

ITEM 3 - DEFAULTS ON SENIOR SECURITIES

None.

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

It is acknowledged that any sale or substantial restructuring of the Company
will require a stockholders vote. No matters were submitted to the vote of the
Company's stockholders in this quarter.

ITEM 5 - OTHER INFORMATION

None.

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

On June 28, 2006 the following 8-K report was filed:

Changes in Registrant's Certifying Accountant

On June 23rd, 2006 a material event occurred which was not made in the ordinary
course of Subjex Corporation business thus prompting an 8k filing with the SEC.
Carver Moquist & O'Connor, LLC,  1550 American Boulevard East Suite 680
Bloomington, MN  55425-3108 announced their resignation as its accountants. This
filing completes Subjex Corporation's obligations as it relates to the filing
requirements of an 8K filing as defined by the SEC.

On September 1, 2006 the following 8-K report was filed:

On Sept 1, 2006 a material event occurred which was not made in the ordinary
course of Subjex Corporation business thus prompting an 8k filing with the SEC.
It was announced that Ronald N. Silberstein, CPA, PLLC, 30201 Orchard Lake Road,
Suite 150, Farmington Hills, Michigan 48334 became Subjex Corporation's new
independent auditor and certifying accountant. This filing completes Subjex
Corporation's obligations as it relates to the filing requirements of an 8K
filing as defined by the SEC.


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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the Issuer has duly caused this report to be signed on its
behalf by the undersigned officers and/or Directors, there unto duly authorized.

SUBJEX CORPORATION
Date:  September 8, 2006

NAME                           TITLE
/s/ Andrew D. Hyder            President and Chief Executive
Officer,


Exhibit Index

Exhibit  31.1      Certificate pursuant to Section 302 of the Sarbanes-Oxley Act
                   of 2002

Exhibit  32.1      Certificate pursuant to Section 906 of the Sarbanes-Oxley Act
                   of 2002


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