UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

Check One
[X]      QUARTERLY  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

                  For the Quarterly Period Ended March 31, 2005

                                       or

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

                          Commission File Number 28541

                           QUINTEK TECHNOLOGIES, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


        California                                            77-0505346
---------------------------------                          --------------------
(State or other jurisdiction                               (I.R.S. Employer
of incorporation or organization)                         Identification No.)

                               17951 Lyons Circle
                           Huntington Beach, CA 92647
                    ----------------------------------------
                    (Address of principal executive offices)


                   Registrant's telephone number: 714-848-7741

Check whether the registrant  (1) has filed all reports  required to be filed by
Section 13 or 15(d) of the Securities  Exchange Act of 1934 during the preceding
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 [ ]

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports  required to be
filed by Section 12, 13, or 15(d) of the  Securities  Exchange Act of 1934 after
the distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

At May 12, 2005, a total of 98,052,116 shares of registrant's  Common Stock were
outstanding.

Transitional Small Business Disclosure Format: Yes [ ] No [X]


<PAGE>
<TABLE>
<CAPTION>

                               TABLE OF CONTENTS

<S>            <C>                                                               <C>
PART I           FINANCIAL INFORMATION
Item 1.          Financial Statements
                    Balance Sheets...............................................  3
                    Statement of Operations......................................  4
                    Statements of Cash flows.....................................  5
                    Notes to Financial Statements................................  6
Item 2.          Management's Discussion and Analysis............................  7
Item 3.          Controls and Procedures......................................... 21

PART II          OTHER INFORMATION
Item 1.          Legal Proceedings............................................... 22
Item 2.          Unregistered Sales of Equity Securities and Use of Proceeds..... 23
Item 3.          Defaults Upon Senior Securities................................. 23
Item 4.          Submission of Matters to a Vote of Security Holders............. 23
Item 5.          Other Information............................................... 23
Item 6.          Exhibits........................................................ 24
Signatures....................................................................... 25
</TABLE>


                                      -2-
<PAGE>


                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

<TABLE>
<CAPTION>
                                  QUINTEK TECHNOLOGIES, INC.
                                         BALANCE SHEET
                                        March 31, 2005
                                          (Unaudited)

                                            ASSETS

Current assets:
<S>                                                                         <C>
  Cash and cash equivalents                                                 $    102,671
  Restricted cash                                                                251,323
  Accounts receivable, net of allowance for doubtful accounts of $7,929          200,541
  Employee receivable, net                                                         8,189
  Investment in marketable securities                                            156,718
  Prepaid expenses                                                                12,593
                                                                            ------------
         Total current assets                                                    732,036

Property and equipment, net                                                      414,114

Other assets:
  Deposits                                                                        57,424
  Other assets                                                                       883
                                                                            ------------
                                                                                  58,307

                                                                            ------------
Total assets                                                                $  1,204,456
                                                                            ============

                LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
  Accounts payable and accrued expenses                                     $    643,464
  Note payable                                                                   200,000
  Factoring payable                                                              136,722
  Payroll and payroll taxes payable                                              110,686
  Payroll taxes assumed in merger                                                 96,661
  Advances from lenders                                                          445,000
  Current portion of long-term debt                                              121,864
  Convertible bonds                                                               62,495
  Current portion of convertible debentures                                      200,000
  Convertible notes                                                               91,750
  Deferred revenue                                                                83,522
  Dividend payable                                                                12,511
                                                                            ------------
        Total current liabilities                                              2,204,675

Long-term debt                                                                   200,563

Convertible debentures                                                           284,500

Commitments and contingencies                                                       --

Stockholders' deficit:
Preferred stock, convertible, no par value, 50,000,000 shares authorized,
  3,794,150 shares issued and outstanding                                        678,708
Common stock, $0.01 par value, 200,000,000 shares authorized,
  94,594,716 shares issued and outstanding                                       945,947
Additional paid-in capital                                                    28,455,899
Stock Subscriptions Receivable                                                  (964,466)
 Beneficial Conversion Feature                                                  (857,778)
Unamortized consulting fees                                                       (9,120)
Investments held in escrow                                                      (156,718)
Accumulated deficit                                                          (29,577,755)
                                                                            ------------
        Total stockholders' deficit                                           (1,485,282)
                                                                            ------------
        Total liabilities and stockholders' deficit                         $  1,204,456
                                                                            ============
</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                      -3-
<PAGE>

<TABLE>
<CAPTION>
                         QUINTEK TECHNOLOGIES, INC.
                          STATEMENTS OF OPERATIONS
                                (Unaudited)
                                                         Three month periods ended        Nine month periods ended
                                                                  March 31,                       March 31,
                                                            2005            2004            2005            2004
                                                        ------------    ------------    ------------    ------------
<S>                                                     <C>             <C>             <C>             <C>
Net revenue                                             $    408,047    $     46,775    $    844,726    $    232,200

Cost of revenue                                              272,650          38,300         628,904         151,883
                                                        ------------    ------------    ------------    ------------
Gross margin                                                 135,397           8,475         215,822          80,317

Operating expenses:
  Selling, general and administrative                        444,444         203,312       1,969,457         615,770
  Permanent decline on value of marketable securities           --              --         2,346,564            --
  Stock-based compensation                                      --              --         1,071,972          15,000
                                                        ------------    ------------    ------------    ------------
Total operating expenses                                     444,444         203,312       5,387,993         630,770
                                                        ------------    ------------    ------------    ------------
Loss from operations                                        (309,047)       (194,837)     (5,172,171)       (550,453)

Non-operating income (expense):
  Investment Income                                             --                16            --                16
  Other income                                                 4,129            (282)         10,307           5,564
  Beneficial conversion feature                             (107,222)           --          (135,519)           --
  Loss on conversion of debt                                (432,850)           --        (1,100,420)           --
  Interest expense                                           (40,429)         (5,696)       (105,575)        (22,524)
                                                        ------------    ------------    ------------    ------------
Total non-operating income (expense)                        (576,372)         (5,962)     (1,331,207)        (16,944)

                                                        ------------    ------------    ------------    ------------
Loss before provision for income taxes                      (885,419)       (200,799)     (6,503,378)       (567,397)

Provision for income taxes                                      --               800             800             800
                                                        ------------    ------------    ------------    ------------
Net loss                                                    (885,419)       (201,599)     (6,504,178)       (568,197)

Dividend requirement for preferred stock                       4,632            --            12,511            --
                                                        ------------    ------------    ------------    ------------
Net loss applicable to common shareholders                  (890,051)       (201,599)     (6,516,689)       (568,197)

Other comprehensive (loss)/gain:                                --              --              --              --

                                                        ------------    ------------    ------------    ------------
Comprehensive loss                                      $   (890,051)   $   (201,599)   $ (6,516,689)   $   (568,197)
                                                        ============    ============    ============    ============

Basic and diluted net loss per share                    $      (0.01)   $     (0.004)   $      (0.09)   $      0.012

Basic and diluted net loss per share for dividend
  for preferred stock                                           0.00            0.00            0.00            0.00

Basic and diluted net loss per share applicable to
                                                        ------------    ------------    ------------    ------------
  common shareholders                                   $      (0.01)   $      (0.00)   $      (0.09)   $      (0.01)
                                                        ============    ============    ============    ============

Basic and diluted weighted average
   shares outstanding                                     75,264,602      48,749,994      72,214,704      47,798,721
                                                        ============    ============    ============    ============
</TABLE>
                                      -4-
<PAGE>

<TABLE>
<CAPTION>
                           QUINTEK TECHNOLOGIES, INC.
                            STATEMENTS OF CASH FLOWS
                                  (Unaudited)
                                                                        Nine months periods ended
                                                                                 March 31,
                                                                            2005           2004
                                                                        -----------    -----------
<S>                                                                     <C>            <C>
OPERATING ACTIVITIES
    Net loss                                                            $(6,516,689)   $  (568,197)
    Adjustments to reconcile net loss to net cash used in operations:
        Issuance of shares for consulting services                          367,040         15,000
        Loss on conversion of debt                                        1,100,420           --
        Issuance of shares for compensation                                 704,752           --
        Permanent decline on value of marketable securities               2,346,564           --
        Beneficial conversion feature expense                               135,519           --
        Stock options granted                                                 1,500           --
        Warrants granted to consultant                                      594,850         41,572
        Depreciation and amortization                                       102,656         35,755
        Liabilities in process of conversion                                   --            1,960
        Changes in current assets and liabilities:
            (Increase) decrease in accounts receivable                     (171,805)        66,098
            (Increase) in inventory                                            --           (8,667)
            (Increase) decrease in other current assets                      (8,189)         7,728
            (Increase) in prepaid expenses                                   (7,329)       (40,995)
            (Increase) in investments                                      (156,718)           (16)
            Increase in accounts payable                                    204,638        133,911
            Increase (decrease) in payroll payables                         (76,452)        47,449
            Increase (decrease) in unearned revenue                        (3,518.00)        59,150
            Increase in dividend payable                                     12,511           --
            Increase (decrease) in other liabilities                        217,837       (164,852)
                                                                        -----------    -----------
    Net cash used in operating activities                                (1,152,413)      (374,104)
                                                                        -----------    -----------
INVESTING ACTIVITIES
    Acquisition of equipment                                               (375,287)       (13,412)
    Increase in employer receivables                                           --            3,599
                                                                        -----------    -----------
    Net cash used in investing activities                                  (375,287)        (9,813)
                                                                        -----------    -----------
FINANCING ACTIVITIES
    Factoring payable                                                       (93,492)      (126,890)
    Proceeds from notes payable - stockholders                                 --          211,756
    Proceeds from line of credit                                            200,000           --
    Proceeds from issuance of debentures                                    484,500           --
    Payments of convertible bonds                                              --          (89,200)
    Proceeds from convertible notes                                         170,000        300,000
    Prepayments for warrants to be issued for note conversion               600,000           --
    Proceeds from issuance of common stock and warrants                     279,968        109,000
    Proceeds (payments) of notes payable                                    (14,657)         8,224
                                                                        -----------    -----------
Net cash provided by financing activities                                 1,626,319        412,890
                                                                        -----------    -----------
Net increase in cash and cash equivalents                                    98,619         28,973
Cash and cash equivalents, beginning balance                                  4,052         21,162
                                                                        -----------    -----------
Cash and cash equivalents, ending balance                               $   102,671    $    50,135
                                                                        ===========    ===========
</TABLE>

                                      -5-
<PAGE>

                           QUINTEK TECHNOLOGIES, INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                   (Unaudited)

1. Description of business

The  Company  was  originally  incorporated  under  the  laws  of the  State  of
California on April 16, 1993, as Quintek Electronics,  Inc. On January 14, 1999,
the Company  merged with  Pacific  Diagnostic  Technologies,  Inc. in a business
combination accounted for as a purchase. The acquisition took place under a plan
of reorganization.  Quintek Electronics,  Inc. ("QEI") became public when it was
acquired by Pacific  Diagnostic  Technologies,  Inc.  ("PDX")  through a reverse
merger and Chapter 11 Plan of Reorganization.  Under the plan, all assets of QEI
were sold to PDX, all PDX management  resigned once the Plan was confirmed,  and
QEI's  management and operating  plan were adopted by the new operating  entity.
Shortly after the  confirmation of the plan, the name of the reorganized  debtor
was  changed to Quintek  Technologies,  Inc.  ("QTI").  QTI  assumed the assets,
liabilities,  technology and public position of both QEI and PDX. At the time of
the merger,  PDX was a non  operating  public entity and QTI has no intention of
carrying on the former operations of PDX.

The plan was structured to compensate all related  parties with common stock and
units.  Each unit  consisted of one share of common stock,  one Class A warrant,
one  Class  B  warrant,  one  Class C  warrant  and one  Class  D  warrant.  PDX
shareholders  received  unrestricted  units  at a ratio  of one QTI  unit for 25
shares of PDX stock, resulting in a distribution of 310,535 units. PDX creditors
received  unrestricted  QTI units at a ratio of one QTI unit for $3 of  previous
PDX  debt,  resulting  in a  net  distribution  of  885,549  units.  Chapter  11
administrators and consultants received  approximately  610,000 unrestricted QTI
shares, attorneys received 220,000 unrestricted units and market-makers received
200,000  unrestricted  units. QEI  shareholders  received  11,096,167  shares of
restricted common stock.

On February 24, 2000, the Company  acquired all of the outstanding  common stock
of Juniper Acquisition  Corporation  ("Juniper").  For accounting purposes,  the
acquisition has been treated as a capitalization of the Company with the Company
as the acquirer (reverse acquisition). The historical financial statements prior
to February 24, 2000 are those of the Company.

Quintek provides business process  outsourcing  services to Fortune 500, Russell
2000 companies and public sector  organizations.  The Company's business process
outsourcing  services  range from the  digitizing,  indexing,  and  uploading of
source documents through simple customer-specific,  rules-based decision making.
The Company  sells  hardware,  software and  services for printing  large-format
drawings such as blueprints  and  computer-aided  design (CAD) files directly to
the microfilm format off aperture cards. The Company is the only manufacturer of
a patented, chemical-free desktop microfilm printer for aperture cards.

2. Basis of Presentation

The accompanying unaudited financial statements of Quintek have been prepared in
accordance  with the  rules  and  regulations  of the  Securities  and  Exchange
Commission for the  presentation of interim  financial  information,  but do not
include  all the  information  and  footnotes  required  by  generally  accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management,  the  accompanying  unaudited  financial  statements  of the Company
include  all  adjustments  (consisting  only of  normal  recurring  adjustments)
considered  necessary to present  fairly its financial  position as of March 31,
2005,  the results of  operations  for the nine months  ended March 31, 2005 and
2004,  and cash flows for the nine months  ended  March 31,  2005 and 2004.  The
operating  results  for the nine  month  period  ended  March  31,  2005 are not
necessarily  indicative  of the results that may be expected for the year ending


                                      -6-
<PAGE>

June 30, 2005. The audited financial statements for the year ended June 30, 2004
were filed on October 1, 2004 with the Securities and Exchange Commission and is
hereby referenced.  The information  included in this Form 10-QSB should be read
in  conjunction  with   Management's   Discussion  and  Analysis  and  financial
statements and notes thereto included in the Company's 2004 Form 10-KSB.

Use of Estimates

The preparation of 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.

Research and development

Research and  development  costs are charged to operations when incurred and are
included in operating  expenses.  The amount  charged to operations for the nine
months ended March 31, 2005 and 2004 was $52,694 and $5,022, respectively.

Marketable securities and realized loss due to decline in market value

On July 29,  2004,  the Company  entered  into an  Agreement  with  Langley Park
Investments Plc, a London  Investment  Company to issue 14,000,000 shares of the
Company's  common  stock to Langley in return for  1,145,595  shares of Langley.
Fifty percent of Langley shares issued to the Company under this agreement is to
be held in escrow  for two  years.  The  Company  recorded  a  realized  loss of
$2,346,564 due to permanent decline based on the market value of shares on March
31, 2005 which is reflected as a realized loss on  marketable  securities in the
operating expenses in the accompanying financials statements.  At the end of two
years if the market price for the  Company's  common stock is at or greater than
the Initial Closing Price, the escrow agent will release the full amount. In the
event  that the market  price for the  Company's  common  stock is less than the
Initial Closing Price the amount released will be adjusted.

Langley  attained  listing  with  the  United  Kingdom  Listing  Authority.  The
Company's  shares are to be held by Langley  for a period of at least two years.
Langley shares issued to the Company are to be free trading.

The  Company's  marketable  securities  (Langley's  shares)  are  classified  as
available-for-sale   and,  as  such,  are  carried  at  fair  value.  Securities
classified as available-for-sale  may be sold in response to changes in interest
rates,  liquidity  needs,  and for other purposes.  The investment in marketable
securities  represents less than twenty percent (20%) of the outstanding  common
stock  and  stock  equivalents  of the  investee.  As such,  the  investment  is
accounted for in accordance with the provisions of SFAS No. 115.

Unrealized holding gains and losses for marketable  securities are excluded from
earnings and reported as a separate component of stockholder's equity.  Realized
gains and losses for securities classified as available-for-sale are reported in
earnings  based upon the adjusted cost of the specific  security  sold. On March
31, 2005, the investments  have been recorded as shown below based upon the fair
value of the marketable securities.

                                      -7-
<PAGE>

Marketable  securities  classified  as  available  for  sale  consisted  of  the
following as of March 31, 2005:
<TABLE>
<CAPTION>
                                                          Market           Accum.         Number of
         Investee Name                Cost at            Value at        Unrealized     Shares Held at
            (Symbol)              March 31, 2005      March 31, 2005     Gain (Loss)    March 31, 2005
---------------------------------------------------------------------------------------------------------
<S>                                <C>                 <C>             <C>                  <C>
Marketable securities:
Langley Park Investments, PLC      $ 1,330,000         $  156,718      $ (1,173,282)        572,798

Investments held in escrow:
 Langley Park Investments, PLC     $ 1,330,000         $  156,718      $ (1,173,282)        572,798
                                -------------------------------------------------------------------------
      Totals                       $ 2,660,000         $  313,436      $ (2,346,564)      1,145,596
                                =========================================================================
</TABLE>

Stock-based compensation

SFAS No. 123 prescribes  accounting and reporting  standards for all stock-based
compensation plans, including employee stock options, restricted stock, employee
stock  purchase  plans and stock  appreciation  rights.  SFAS No.  123  requires
compensation  expense to be recorded (i) using the new fair value method or (ii)
using the existing  accounting rules  prescribed by Accounting  Principles Board
Opinion No. 25,  "Accounting for stock issued to employees" (APB 25) and related
interpretations  with  pro-forma  disclosure of what net income and earnings per
share would have been had the Company  adopted  the new fair value  method.  The
Company  has chosen to account for  stock-based  compensation  using  Accounting
Principles Board Opinion No. 25,  "Accounting for Stock Issued to Employees" and
has  adopted  the  disclosure   only   provisions  of  SFAS  123.   Accordingly,
compensation  cost for stock  options is measured as the excess,  if any, of the
quoted  market  price of the  Company's  stock at the date of the grant over the
amount an employee is required to pay for the stock.

The  Company's  board  of  directors  authorized  a stock  award  and  long-term
incentive  plan which  includes  stock  appreciation  rights and  certain  stock
incentive awards. The plan was approved by the shareholders as of June 30, 2004.

Basic and diluted net loss per share

Net loss per share is calculated  in accordance  with the Statement of financial
accounting  standards No. 128 (SFAS No. 128), "Earnings per share". SFAS No. 128
superseded  Accounting  Principles  Board  Opinion  No.15 (APB 15). Net loss per
share for all periods  presented  has been  restated to reflect the  adoption of
SFAS No. 128. Basic net loss per share is based upon the weighted average number
of  common  shares  outstanding.  Diluted  net  loss  per  share is based on the
assumption that all dilutive convertible shares and stock options were converted
or exercised.  Dilution is computed by applying the treasury stock method. Under
this method,  options and warrants are assumed to be exercised at the  beginning
of the period (or at the time of issuance,  if later),  and as if funds obtained
thereby were used to purchase  common  stock at the average  market price during
the period.

Deferred revenue

Deferred revenue  represents  amounts received from the customers against future
sales of goods or services.  Deferred  revenue  amounted to $ 83,522 as of March
31, 2005.

                                      -8-
<PAGE>

Issuance of shares for service

The Company accounts for the issuance of equity instruments to acquire goods and
services  based on the fair value of the goods and services or the fair value of
the  equity  instrument  at the time of  issuance,  whichever  is more  reliably
measurable.

Reporting segments

Statement of financial  accounting standards No. 131, Disclosures about segments
of an  enterprise  and related  information  (SFAS No.  131),  which  superseded
statement of financial  accounting  standards  No. 14,  Financial  reporting for
segments of a business enterprise, establishes standards for the way that public
enterprises  report  information  about operating  segments in annual  financial
statements  and  requires  reporting  of selected  information  about  operating
segments  in interim  financial  statements  regarding  products  and  services,
geographic areas and major customers. SFAS No. 131 defines operating segments as
components  of an  enterprise  about which  separate  financial  information  is
available that is evaluated  regularly by the chief operating  decision maker in
deciding how to allocate  resources  and in assessing  performances.  Currently,
SFAS 131 has no effect on the Company's  financial  statements as  substantially
all of the Company's operations are conducted in one industry segment.

Reclassifications

Certain  comparative  amounts have been reclassified to conform with the current
period presentation.

Recent Pronouncements

In  December  2002,  the FASB issued  SFAS No. 148  "Accounting  for Stock Based
Compensation-Transition  and  Disclosure".  SFAS No.  148 amends  SFAS No.  123,
"Accounting for Stock Based  Compensation",  to provide  alternative  methods of
transition  for a voluntary  change to the fair value based method of accounting
for stock-based employee  compensation.  In addition,  this Statement amends the
disclosure  requirements  of Statement 123 to require  prominent  disclosures in
both annual and interim financial  statements about the method of accounting for
stock-based employee compensation and the effect of the method used, on reported
results.  The Statement is effective for the Companies' interim reporting period
ending January 31, 2003.

In  compliance  with FAS No. 148,  the Company has elected to continue to follow
the  intrinsic  value  method  in  accounting  for  its   stock-based   employee
compensation  plan  as  defined  by APB  No.  25 and  has  made  the  applicable
disclosures below.

Had the Company  determined  employee stock based  compensation  cost based on a
fair value  model at the grant date for its stock  options  under SFAS 123,  the
Company's  net  earnings  per share  would have been  adjusted  to the pro forma
amounts for the nine month period  ended March 31, 2004 and 2003,  as follows ($
in thousands, except per share amounts):

                                      -10-
<PAGE>

                                                   Period ended March 31,
                                                    2005           2004
                                               -------------     -----------

     Net loss - as reported                    $  (6,517)       $    (568)

     Stock-Based employee compensation
       expense included in reported net
       income, net of tax                             --               --

     Total stock-based employee
       compensation expense determined
       under fair-value-based method for
       all rewards, net of tax                      (362)             (15)
                                               -------------     -----------
     Pro forma net loss                        $  (6,879)        $   (583)
                                               =============     ===========
    (Loss) per share:

     Basic, as reported                        $   (0.09)       $   (0.01)
     Diluted, as reported                      $   (0.09)       $   (0.01)
     Basic, pro forma                          $   (0.10)       $   (0.01)
     Diluted, pro forma                        $   (0.10)       $   (0.01)


In December 2004, the FASB issued FASB Statement No. 123R, "Share-Based Payment,
an Amendment of FASB Statement No. 123" ("FAS No. 123R").  FAS No. 123R requires
companies to recognize in the statement of operations  the grant date fair value
of stock options and other equity-based  compensation  issued to employees.  FAS
No. 123R is effective  beginning in the Company's second quarter of fiscal 2006.
The Company  believes  that the adoption of this  standard will have no material
impact on its financial statements.

In December  2004,  the FASB  issued  SFAS  Statement  No.  153,  "Exchanges  of
Nonmonetary  Assets."  The  Statement  is an  amendment of APB Opinion No. 29 to
eliminate the exception for nonmonetary  exchanges of similar  productive assets
and replaces it with a general  exception  for exchanges of  nonmonetary  assets
that do not have commercial substance. The Company believes that the adoption of
this standard will have no material impact on its financial statements.

In March 2004, the Emerging  Issues Task Force  ("EITF")  reached a consensus on
Issue  No.  03-1,  "The  Meaning  of  Other-Than-Temporary  Impairment  and  its
Application  to Certain  Investments."  The EITF  reached a consensus  about the
criteria  that should be used to  determine  when an  investment  is  considered
impaired,  whether that impairment is other-than-temporary,  and the measurement
of an  impairment  loss and how that criteria  should be applied to  investments
accounted for under SFAS No. 115, "Accounting in Certain Investments in Debt and
Equity   Securities."  EITF  03-01  also  included   accounting   considerations
subsequent to the recognition of an other-than-temporary impairment and requires
certain  disclosures  about  unrealized  losses that have not been recognized as
other-than-temporary   impairments.   Additionally,   EITF  03-01  includes  new
disclosure  requirements  for  investments  that are  deemed  to be  temporarily
impaired.  In September  2004, the Financial  Accounting  Standards Board (FASB)
delayed  the  accounting  provisions  of  EITF  03-01;  however  the  disclosure
requirements remain effective for annual reports ending after June 15, 2004. The
Company will evaluate the impact of EITF 03-01 once final guidance is issued.


                                      -11-
<PAGE>
3. PROPERTY AND EQUIPMENT

Property and equipment at March 31, 2005, consists of the following:

              Scanning Equipment              $ 326,140
              Computer and office equipment     115,262
              Other depreciable assets          102,880
              Software                          145,349
              Furniture and fixture              35,589
                                              ---------
                                                725,220
              Accumulated depreciation         (311,106)
                                              ---------
                                              $ 414,114
                                              =========
4. RESTRICTED CASH

The Company  entered into a consulting  agreement with GMAC under which they are
required  to provide at their own cost a  performance  bond.  Such bond shall be
solely for the  protection  of the client.  The initial  bond was drafted in the
amount of $250,000 and will cover 12 months starting October 1, 2004.

The Company  opened a  certificate  of deposit  for one year for $ 250,000.  The
Company has accrued  interest  income of $ 1,323  through  March 31,  2005.  The
Company has recorded $ 251,323 as restricted  cash in the  accompanying  balance
sheet as of March 31, 2005.

5. EMPLOYEE RECEIVABLES

0Notes receivable from employees, unsecured,
   due on June 30, 2019, interest at 4%         $ 262,554

Interest receivable in connection with
   above notes receivable                          24,043
                                                ---------
                                                  286,597
Valuation allowance                              (278,408)
                                                ---------
                                                $   8,189
                                                =========

6. NOTE PAYABLE

On October 19, 2004,  the Company issued a note in $ 250,000  denomination.  The
note was for a period of six months  bearing an annual  interest at 5-3/4%.  The
Company granted 5,000,000 warrants to a third party upon exercising their rights
to advance $250,000 to the Company. The Company recorded $589,602 as expense for
the cost of the  issuance  of such  warrants  during the period  ended March 31,
2005.  The Company paid back $ 50,000  during the nine month period ending March
31, 2005. The balance on the note as of March 31, 2005 amounted to $ 200,000.

7. FACTORING PAYABLE

The  Company has  entered  into an  agreement  with a  factoring  company  ("the
Factor") to factor  purchase  orders with recourse.  The Factor funds 97% or 90%
based upon the status of the purchase  order.  The Factor has agreed to purchase
up to $4,800,000 of qualified  purchase  orders over the term of the  agreement;
however,  the Factor does not have to purchase  more than  $200,000 in any given
month. The agreement term is from June 2, 2003 to June 2, 2005. The Company will
pay a late fee of 3% for  payments  not made within 30 days and 5% for those not
made in 60 days.  At the  option of the  Factor,  the late fees may be paid with
Company stock. If paid by Company stock,  the stock bid price will be discounted
50% in computing the shares to be issued in payment of the late fee.

                                      -12-
<PAGE>

The Company has agreed to issue the Factor  1,500,000  warrants  purchasing  the
Company's stock as a fee for the factoring agreement. The stock issued under the
warrants can be purchased at the average  closing price of the  Company's  stock
for the 90 days prior to the factoring agreement.

The Company has also issued the Factor bonus  warrants.  The Factor will receive
two (2) bonus warrants for each dollar of purchase orders  purchased.  The bonus
warrants  will be  exercisable  at the average  closing  price of the  Company's
common  stock for the 90 days  prior to the  purchase  order  transactions  they
represent or a 50% discount to the closing price of the  Company's  stock at the
time  exercised at the option of the Factor.  Both  warrants are for a five year
period.

At March 31, 2005, the Company had a factoring payable balance of $136,722.


8. PAYROLL TAXES-ASSUMED IN MERGER

The  Company  assumed  $205,618 of payroll  tax  liabilities  in the merger with
Pacific Diagnostic Technologies, Inc. The balance was $96,661 at March 31, 2005.
The Company is delinquent on payments of these payroll tax liabilities.


9. LONG TERM DEBT

 Leases payable, interest at 7.9% to 20%, due various dates     $ 283,665
  in 2005 to 2008
 Note payable, DFS, interest at 15.99%, due June & July 2006        1,845
 Notes payable, AP conversion, interest at 8%, due 2006            34,490
 Note payable - Vendor, monthly installments $404, July 2005        2,427
                                                                 -322,427
 Current portion                                                 (121,864)
                                                                ---------
                                                                $ 200,563

 The future maturity of the long term payables is as follows:

                                      2005                    $121,864
                                      2006                     110,699
                                      2007                      89,864
                                                             ---------
                                      Total                  $ 322,427
                                                             =========

10. ADVANCES FROM LENDER

On August 2, 2004 the Company signed a convertible  debenture  agreement with an
accredited  investor  whereby the Company received in an advance of $600,000 for
prepayment of warrants to be exercised. The agreement expires on August 2, 2006.
During  the nine month  period  ended  March 31,  2005 the  accredited  investor
exercised  155,000  warrants  into  common  shares.  The  remaining  $445,000 is
recorded as advances from lender in the accompanying  financial statements as of
March 31,  2005.  . The Company  recorded  $5,248 as expense for the cost of the
issuance of such warrants during the nine month period ended March 31, 2005. The
fair  value  of  the   warrants  is  estimated  on  the  grant  date  using  the
Black-Scholes Model.


                                      -13-
<PAGE>

11. CONVERTIBLE BONDS

Bonds payable with interest at 9%, due on various dates in 2001 and 2002,
 convertible to shares of common stock in
 increments of $1,000 or more.                                       $ 21,354

Bonds payable with interest at 12%, due July 2002, convertible to shares of
common stock in increments
of $500 or more.                                                       41,141
                                                                    ----------
                                                                     $  62,495
                                                                    =========

Certain of the  outstanding  convertible  bonds have  matured as of December 31,
2002.  The holders of the matured  bonds do not wish to renew the bonds and have
asked for  payment;  however,  the Company does not have the cash to repay these
bonds.

Bondholders  have been asked to exchange their bonds for preferred  stock. As of
March 31,  2005,  2004,  holders  of  $198,000  of the bonds  including  accrued
interest  had acted on this.  The Company  issued  Series A Preferred  shares in
amount of $36,000 and Series B Preferred  shares in the amount of $162,000 as of
March 31, 2005.


12. CONVERTIBLE DEBENTURES
<TABLE>
<CAPTION>

--------- --------------------------------------------------------------------------------- -------------
<S>                                                                                         <C>
          The  Company  raised  capital  through  the  issuance  of  convertible            $   484,500
          debentures  in the amount of $484,500 as of March 31, 2005.  The terms
          of convertible  $484,500  debentures  are as follows:  pursuant to the
          first agreement, one debenture in the amount of $300,000 pays interest
          at 5 3/4% interests and includes 3,000,000 warrants to purchase common
          stock for a period of three years at the exercise price of $1.00.  The
          "Conversion  Price" shall be equal to the lesser of (i) $0.50, or (ii)
          75% of the  average of the 5 lowest  Volume  Weighted  Average  Prices
          during the 20 Trading Days prior to Holder's  election to convert,  or
          (iii) 75% of the Volume  Weighted  Average  Price on the  Trading  Day
          prior to Holder's  election to convert  market price of the  Company's
          common stock prior to  conversion.  Upon  conversion of the debenture,
          the fund is obligated to  simultaneously  exercise the $1.00  warrants
          providing added funding to the Company.  The Warrant must be exercised
          concurrently  with the conversion of this Debenture in an amount equal
          to ten  times the  dollar  amount of the  Debenture  conversion.  Upon
          execution  of  the  securities  purchase  agreement,  $225,000  of the
          purchase price was due and paid to the Company.  The remaining $75,000
          was paid to the Company on February 7, 2005 upon  effectiveness of the
          Securities and Exchange  Commission's  Registration  Statement.  As of
          March 31,  2005,  the  Holder of  debenture  converted  $15,500 of the
          debenture  amount  into  1,721,494  Common  Shares of the  Company and
          exercised 155,000 warrants.  The Company received $155,000 (see note #
          9 above) as of March 31, 2005.

          Pursuant to  addendums  to the  securities  purchase  agreement  dated
          February 3, 2005 and March 30, 2005, the Company  delivered  7,500,000
          common  shares to an escrow  agent in  accordance  to the terms of the
          agreement.  Such  shares  may  only be  released  by  valid  debenture
          conversion and warrant  exercise  notices  submitted to the Company by
          the  accredited  investor.  As of March 31, 2005,  5,  834,881  common
          shares remain in the escrow account.
</TABLE>

                                      -14-
<PAGE>
<TABLE>
<CAPTION>

<S>                                                                                       <C>
          Pursuant to the  provision of the  securities  purchase  agreement the
          Company recorded a beneficial  conversion feature upon the issuance of
          convertible  debentures  in the  amount of  $965,000.  During the nine
          month  period ended March 31 2005,  the Company  recorded a beneficial
          conversion  feature  expense of $107,222.  The  remaining  unamortized
          beneficial  conversion  feature of  $857,778  was  recorded  as contra
          equity in the accompanying financial statements as of March 31, 2005.

-------- --------------------------------------------------------------------------------- -------------
          Current portion of convertible debentures:

          The second agreement  consists of two convertible  debentures each for               200,000
          $100,000 which bears simple interest at 10%. The initial Debenture for
          $100,000 was purchased  during August 2004.  The second  Debenture for
          $100,000  was   purchased  on  November  11,  2004.   Debentures   are
          convertible into the Common stock of the Company. Conversion Price per
          share shall be the lower of (i) $0.10 ("Maximum Base Price");  or (ii)
          in the event the  Borrower  enters  into an  agreement  subsequent  to
          execution of the Securities Purchase Agreement to sell Common Stock or
          a  convertible  instrument  that  converts  into Common Stock prior to
          conversion of this Debenture at a price less than the Conversion Price
          of this Debenture,  then the Conversion  Price of this Debenture shall
          be  immediately  reset  to a  lower  Conversion  Price  equal  to that
          described in the subsequent agreement.

--------- --------------------------------------------------------------------------------- -------------
          Long term portion                                                                 $  284,500
--------- --------------------------------------------------------------------------------- -------------
</TABLE>

On April 14, 2005, a holder of debentures  converted $200,000 of debentures into
2,000,000 Common Shares of the Company.  The total interest on these convertible
debentures  for the nine months period ended March 31, 2005 and 2004 amounted to
$18,923 and $0 respectively.


13. CONVERTIBLE NOTES

During the nine month period ended March 31, 2005,  the Company  raised  capital
through the issuance of convertible  promissory notes in the amount of $570,000.
The convertible  notes plus any accrued  interest through the date of conversion
are convertible to the common stock of the Company at $0.06.  Additionally,  the
holder will  receive one bonus  warrant for each  conversion  share.  Each bonus
warrant  will be  exercisable  for a period of 5 years from the date of issuance
into one share of common stock at a price of $0.10.

The  conversion  right of the note holder with respect to the  individual  notes
shall only exist upon:  (i) the  approval of a proxy  statement to be filed with
the  Securities  and  Exchange  Commission  and  approval of an amendment by the
Company's  shareholders  to  authorize  to  200,000,000  the number of shares of
common  stock and (ii) the  Company's  registration  statement  registering  the
Shares underlying the notes and other Securities has been declared  effective by
the Securities and Exchange Commission.

The Company issued  7,504,164  Common Shares upon conversion of promissory notes
of $478,250.  In  connection  with this  transaction,  a  beneficial  conversion
feature expense of $28,297 was recorded. The balance outstanding as of March 31,
2005 amounted to $ 91,750.

The total  interest on these  convertible  notes for the period  ended March 31,
2005 and 2004 amounted to $52,656 and $ 0 respectively.

                                      -15-
<PAGE>

14. LOANS PAYABLE - STOCKHOLDERS

During the nine month period ended March 31, 2005,  the Company  issued  400,000
common shares in settlement of a loan to a shareholder amounting to $56,000. The
Company does not have any loans payable to shareholders at March 31, 2005.


15. STOCKHOLDERS' DEFICIT

a. Common Stock and Warrants

The Company has  authorized  200 million shares of common stock with a par value
of $0.01 per share.  Each share  entitles  the holder to one vote.  There are no
dividend or liquidation preferences, participation rights, call prices or rates,
sinking  fund  requirements,  or unusual  voting  rights  associated  with these
shares. During the year ended June 30, 2003, the Company established the Class L
warrants and initiated the process of  establishing  the Class A Preferred Stock
which underlies these warrants.

During the nine months  period  ended March 31, 2005,  the Company  recorded the
following equity transactions:

     o    The Company issued 2,725,652 Common Shares to consultants for services
          valued at  $367,040  and  4,628,572  Common  Shares  were  issued  for
          conversion of loans from shareholders valued at $211,756.
     o    The Company issued  2,492,824  Common Shares upon exercise of warrants
          and received cash amounting to $49,968.
     o    The  Company  issued   7,504,164  Common  Shares  upon  conversion  of
          promissory notes of $478,250.  In connection with this transaction,  a
          beneficial conversion feature expense of $28,297 was recorded.
     o    The Company issued  7,686,375  Common Shares pursuant to conversion of
          debentures into common stock valued at $1,052,500.
     o    The Company issued a total of 3,166,920  Common Shares upon conversion
          of Preferred Shares.  328,000 Series A Preferred Shares were converted
          to 328,000 common Shares valued at $65,600; 558,924 Series B Preferred
          Shares were  converted to 2,794,920  Common Shares valued at $111,797;
          2,200 Series C Preferred Shares were converted to 44,000 Common Shares
          valued at $2,200.
     o    The Company  issued 490,215 Common Shares to employees as bonus valued
          at $85,750.
     o    The Company issued  14,000,000  Common Shares pursuant to an Agreement
          with Langley  Park  Investments  PLC,  whereby,  the Company  received
          1,145,595 shares of Langley in exchange of its common shares issuance.
     o    The Company  issued  2,750,000  Common Shares under private  placement
          agreements and raised $230,000 from sale of shares.
     o    The  Company  issued  400,000  Common  Shares  to  a  shareholder  for
          converting its loan of $56,000 to equity.

The Company  agreed to provide  with  respect to the Common Stock as well as the
Common Stock issuable upon exercise of the Warrants, certain registration rights
under the Securities Act.

Upon  surrender  of either a Class J or L  warrant,  the holder is  entitled  to
purchase one share of the Company's stock at the designated  exercise price. For
each warrant class, the number of warrants outstanding,  the exercise price, the
type of underlying stock, and the expiration dates are defined as follows:

Class L - warrants were  established  in March 2003,  with an exercise  price of
$0.25 per share,  an expiration  date of January 14, 2005 and Series A Preferred
as underlying  stock.  As of March 31, 2005,  holders of Class J exchanged their
warrants for 3,063,432 Class L Warrants.

                                      -16-
<PAGE>

During the year ended June 30, 2004,  200,000 shares of warrants were issued for
consulting  services for three years beginning February 2004, valued at $41,572.
$32,452 was  amortized  during the nine month period  ended March 31,  2005.  On
October 19, 2004, the Company granted  5,000,000  warrants to a third party upon
exercising their rights to advance $250,000 to the Company.  The amount advanced
was for a period of six months bearing an annual interest at 5-3/4%. The Company
recorded  $589,602  as expense  for the cost of the  issuance  of such  warrants
during the period  ended  March 31,  2005.  Pursuant  to the  security  purchase
agreement  dated August 2, 2004,  the Company  granted  3,000,000  warrants to a
third party, to be exercised  concurrently with or subsequent to the issuance of
a conversion notice under the debenture  agreement.  The Company recorded $5,248
as expense for the cost of the issuance of such  warrants  during the nine month
period ended March 31, 2005.  The fair value of the warrants is estimated on the
grant date using the Black-Scholes Model. The following assumptions were made in
estimating fair value.

        Annual rate of quarterly dividends                            0.00%
        Discount rate - Bond Equivalent Yield                         3.40%
        Expected life                                             1-3 years
        Expected volatility                                     90% to 100%

b. Common Stock Reserved

At March 31, 2005, the Company reserved Common Shares for the following reasons:

             Outstanding convertible bonds               62,495 shares

                                                             Number
                                                               of
                                                            Warrants
             Warrants                                       ---------

              Outstanding June 30, 2004                     4,263,432
              Issued during the period                     20,148,811
              Exercised                                      (655,000)
                                                            ---------
              Outstanding March 31, 2005                   23,757,243
                                                            =========

c. Stock Option Agreements

The Company  granted 50,000 stock options to one employee and recorded $1,500 as
compensation expense during the nine months period ended March 31, 2005.

The number  and  weighted  average  exercise  prices of  options  granted by the
Company are as follows:
<TABLE>
<CAPTION>
                                                                                    Weighted
                                              Number                                average
                                                of                                  exercise
                                              Options                               price
                                             --------                              --------

<S>                                         <C>                                        <C>
Options
Outstanding June 30, 2004                            0                                 0.000
Granted                                      9,395,614                                 0.029
Exercised                                   (2,275,297)                               (0.001)
Expired/forfeited                                    0                                 0.000
                                             ---------                              --------

Outstanding March 31, 2005                   7,120,317                                 0.029
                                           ===========                              --------
</TABLE>

                                      -17-
<PAGE>
d. Stock transactions approved by the shareholders

At  the  Annual  Meeting  of  the  shareholders  held  on  June  30,  2004,  the
shareholders  approved by a majority  vote to increase  to  200,000,000  shares,
$0.01 par value common  stock,  and  50,000,000  shares no par value,  preferred
stock  which  the  corporation  shall  have  authority  to  issue.  The board of
directors is authorized to divide the preferred stock into any number of classes
or series, fix the designation and number of shares of each such series or class
and alter or determine the rights,  preferences,  privileges and restrictions of
each or series of preferred stock

Series A Preferred Stock

The general terms of the Series A Preferred  Stock is as follows:  No par value;
Liquidation  Preference - $0.25 per share plus any unpaid accumulated dividends;
Dividends -  cumulative  annual rate of $0.005 per share when and as declared by
the Board of Directors; Conversion Rights - convertible to common stock at a 1:1
ratio ;  Redemption  Rights - the Company has the right to redeem part or all of
the stock  upon 30 days  written  notice  at a rate of $0.25 per share  plus all
accumulated and unpaid dividends thereon at the dividend rate of $0.005 annually
per  share;  Voting  Rights  - one  vote  per  share  on all  matters  requiring
shareholder  vote. At March 31, 2005, the Company had issued 3,654,931 shares of
Series A Preferred stock. These shares were used to pay for officer compensation
valued at $427,500,  payroll expenses valued at $191,502 and for bond conversion
valued at $36,203.  The Company recorded loss on conversion of debt in amount of
$101,372 in the  accompanying  financials  from Series A  preferred  stock.  The
Company  has  recorded  a  cumulative  dividend  of  $12,424  for the  preferred
stockholders for the nine month period ended March 31, 2005, in the accompanying
financial statements.

Series B Preferred Stock

The general terms of the Series B Preferred  Stock is as follows:  No par Value;
Liquidation  Preference - $0.25 per share plus any unpaid accumulated dividends;
Dividends - cumulative  annual rate of $0.0005 per share when and as declared by
the Board of Directors; Conversion Rights - convertible to common stock at a 1:5
ratio (i.e. 1 share of Series B Preferred stock is convertible  into 5 shares of
common stock);  Redemption  Rights - the Company has the right to redeem part or
all of the stock upon 30 days  written  notice at a rate of $0.25 per share plus
all  accumulated  and unpaid  dividends  thereon at the dividend rate of $0.0005
annually per share;  Voting Rights - one vote per share on all matters requiring
shareholder  vote. At March 31, 2005,  the Company had issued  680,255 shares of
Series B  Preferred  Stock  valued at  $162,063.  The Company  recorded  loss on
conversion  of debt in amount of $484,179 in the  accompanying  financials  from
Series B preferred stock. The Company has recorded a cumulative  dividend of $84
for the preferred  stockholders  for the nine month period ended March 31, 2005,
in the accompanying financial statements.

Series C Preferred Stock

The general terms of the Series C Preferred  Stock is as follows:  No par value;
Liquidation  Preference - $1.00 per share plus any unpaid accumulated dividends;
Dividends - cumulative  annual rate of $0.0005 per share when as declared by the
Board of  Directors;  Conversion  Rights - 1:20 ratio (i.e. 1 share of Preferred
Series C stock is convertible into 20 shares of common stock); Redemption Rights
- the  Company  has the  right to redeem  part or all of the stock  upon 30 days
written  notice at the rate of $1.00 per share plus all  accumulated  and unpaid
dividends  thereon at the dividend rate of $0.0005  annually per share.;  Voting
Rights - one vote per share on all matters requiring  shareholder vote. At March
31,  2005,  the Company  had issued  20,148  shares of Series C Preferred  Stock
valued at $20,139.  The Company recorded loss on conversion of debt in amount of
$56,423 in the  accompanying  financials  from  Series C  preferred  stock.  The
Company has recorded a cumulative dividend of $3 for the preferred  stockholders
for the nine month period ended March 31, 2005,  in the  accompanying  financial
statements.
                                      -18-
<PAGE>

The  Company has  recorded a  cumulative  dividend of $12,511 for the  preferred
stockholders for the nine month period ended March 31, 2005, in the accompanying
financial  statements.  The Company has entered  into  agreements  with  various
vendors and employees to convert their  liabilities into the preferred series of
stock.


16. SUPPLEMENTAL DISCLOSURE OF CASH FLOWS

The Company  prepares its statements of cash flows using the indirect  method as
defined under the Financial  Accounting Standard No. 95. The Company paid $0 for
income tax during the nine month period ended March 31, 2005. The Company paid $
$49,515 interest during the nine month period ended March 31, 2005.


17. LOSS ON CONVERSION OF DEBT

During the nine month period ended March 31, 2005 the Company recorded a loss of
$1,100,421 due to settlement of accounts  payable of $615,972,  bond conversions
of $76,199 and debenture conversions of $408,250.


18. COMMITMENTS AND CONTINGENCIES

a) Operating Leases

 Effective  July  1,  2004  the  Company  relocated  its  executive  offices  to
Huntington Beach,  California and entered into a four year lease agreement.  The
agreement  contains a base rent escalation  clause. The Company leases its Idaho
office facility under a month-to-month rental agreement at $1,384 per month. For
the period ended March 31, 2005, rent expense for these operating leases totaled
$84,857.

The future minimum lease payments under non-cancelable leases are as follows:


                 2005                $   58,050
                 2006                    82,202
                 2007                    83,897
                 2008                    42,372
                                       ---------
                                     $  266,521
                                       =========
b) Litigation

On April 16, 2004, Decision One Corporation filed suit in the County of Bannock,
Idaho against  Quintek for $22,661.56 for goods provided.  Since 2000,  Decision
One  (formerly  Imation)  has been both a vendor to Quintek  and a  reseller  of
Quintek's  Q4300  Printers.  Quintek  filed a  counterclaim  on August 1,  2004.
Quintek  asserts that Decision One used its authority as a dealer of our product
to  disparage  us, in  violation  of its dealer  agreement  with us, and we seek
relief for the hundreds of thousands of dollars in business  lost because of it.
On January 11, 2005, the Court granted  Judgment for the sum of $21,000 in favor
of the  Decision  One  Corporation.  The Court has ruled that  Quintek  would be
allowed to file the  counterclaim  under  this  action,  rather  than a separate
lawsuit.  The  Company  can appeal  the  Court's  decision  and would have until
February  18, 2005 to file the Notice of Appeal.  In March 2005,  a  stipulation
settlement  was accepted by the Creditor  where they agreed to accept $15,000 in
full satisfaction of their debt. The Company agreed to pay $2,000 upon execution
of the  stipulation  plus $1,000 for 13 months  thereafter.  Upon receipt of the


                                      -19-
<PAGE>

final payment,  a Satisfaction of Judgment will be entered in the matter. If the
Company fails to meet the payment  schedule,  the Creditor,  after giving credit
for payments  received,  shall be allowed to proceed  with the full  judgment of
$21,000 plus  accumulated  interest and costs. The amount of Judgment of $21,000
is  included  in accounts  payable  and  accrued  expenses  in the  accompanying
financial statements as of March 31, 2005.


19. BASIC AND DILUTED NET LOSS PER SHARE

Net loss per share is calculated  in accordance  with the Statement of financial
accounting  standards  No. 128 (SFAS No. 128),  "Earnings  per share." Basic net
loss per share is based  upon the  weighted  average  number  of  common  shares
outstanding.  Diluted  net loss per  share is based on the  assumption  that all
dilutive  convertible  shares and stock  options were  converted  or  exercised.
Dilution is computed by applying the treasury  stock method.  Under this method,
options and warrants are assumed to be exercised at the  beginning of the period
(or at the time of issuance,  if later),  and as if funds obtained  thereby were
used to purchase common stock at the average market price during the period.

Weighted  average  number of shares used to compute  basic and diluted  loss per
share for the period ended March 31, 2005 and 2004 are the same since the effect
of dilutive securities is anti-dilutive.


20. GOING CONCERN

The  accompanying  financial  statements  have been prepared in conformity  with
generally accepted accounting principles,  which contemplate continuation of the
Company as a going concern.  This basis of accounting  contemplates the recovery
of the Company's  assets and the  satisfaction  of its liabilities in the normal
course of business.  Through March 31, 2005, the Company had incurred cumulative
losses of 29,577,755 including net losses of $6,516,689 and$568,197 for the nine
month  periods  ended  March  31,  2005 and 2004,  respectively.  In view of the
matters described in the preceding paragraph,  recoverability of a major portion
of the  recorded  asset  amounts  shown  in the  accompanying  balance  sheet is
dependent upon continued  operations of the Company,  which in turn is dependent
upon the Company's ability to raise additional capital,  obtain financing and to
succeed in its future  operations.  The financial  statements do not include any
adjustments  relating to the recoverability and classification of recorded asset
amounts or amounts and  classification  of  liabilities  that might be necessary
should the Company be unable to continue as a going concern.

Management  has taken the following  steps to revise its operating and financial
requirements,  which it believes are  sufficient to provide the Company with the
ability to continue as a going concern.  Management devoted  considerable effort
during the period ended March 31, 2005, towards (i) obtaining  additional equity
financing and (ii) evaluation of its distribution and marketing methods.

                                      -20-
<PAGE>

Item 2. Management's Discussion and Analysis

2.1 Results of Operations

Our revenues  totaled  $408,047 and $46,775 for the three months ended March 31,
2005 and 2004,  and  $844,726  and  $232,200 for the nine months ended March 31,
2005 and 2004  respectively,  an increase of $361,272  for the three  months and
$612,526 for the nine months ended March 31, 2005, primarily due to changing the
company's sales focus to the services business. Revenues in the previous periods
resulted primarily from sales of equipment, aperture card media, and maintenance
services.  Revenues for the three month and nine month  period in 2005  included
revenues  of  $364,386  and  $697,547  earned  from  the  business  optimization
services.

For the three months  ended March 31, 2005 and 2004,  cost of sales was $272,650
and $38,300,  respectively,  an increase of $234,350in 2005. For the nine months
ended  March  31,  2005 and  2004,  cost of sales  was  $628,904  and  $151,883,
respectively,  an increase of $477,021 in 2005. Cost of sales during fiscal 2005
consisted primarily of labor, facility and equipment lease costs relating to the
business  optimization  services,  whereas  cost of  sales  during  fiscal  2004
consisted primarily of labor and production costs.

Operating  expenses  totaled  $444,444  and  $203,312 for the three month period
ended March 31, 2005 and 2004,  and  $5,387,993  and $630,770 for the nine month
period  ended March 31, 2005 and 2004,  a $241,132  and  $4,757,223  increase in
three month and nine month over previous fiscal year, primarily due to a decline
of  $2,346,564  in value of  marketable  securities,  increase in sales  related
expenses and stock-based  compensation  for officers,  directors,  employees and
consultants amounting to $1,091,972.

Non-operating  expenses  totaled  $576,372 and $5,962 for the three months ended
March 31, 2005 and 2004,  and  $1,331,207  and $16,944 for the nine months ended
March 31, 2005 and 2004,  respectively,  an  increase of $570,410  for the three
months  and  $1,314,263  for the  nine  month  period  primarily  due to loss of
conversion  of debt to equity,  recording of beneficial  conversion  feature and
interest expense.

During the three months ended March 31, 2005,  we billed on seven (7)  contracts
for document  services,  15 maintenance  contacts,  one (1) network  upgrade and
16,000  aperture cards compared to the three months ended December 31, 2004, the
Company billed on 5 (five)  contracts for document  services,  (18)  maintenance
contracts, (2) network upgrades, and 12,000 aperture cards.

2.2 Liquidity and capital resources

We have historically  financed operations from the issuance of debt, the sale of
common stock and the conversion of common stock warrants. On March 31, 2005, the
Company had cash on hand of $102,671 and working  capital  deficit of $1,472,639
as compared to cash on hand of $15,600 and working capital deficit of $2,127,980
on June 30, 2004.

Net cash used in operating  activities  totaled  $1,52,413 and $374,104 for nine
months ended March 31, 2005 and 2004,  respectively,  is attributed primarily to
decline in market value of marketable securities,  loss on conversion of debt to
equity,  an  increase  in  stock-based  compensation,   issuance  of  stock  for
consulting services and changes in accounts payable and other liabilities.

Net cash used in investing  activities  totaled $375,287 and $9,813 for the nine
months  ended  March 31,  2005 and 2004 is  primarily  related  to  purchase  of
equipment made during the periods.

                                      -21-
<PAGE>

Net cash provided by financing  activities  totaled  $1,626,319 and $412,890 for
the nine months  ended March 31,  2005 and 2004 is based  primarily  on proceeds
from issuance of commons  stock and  warrants,  proceeds from line of credit and
issuance  of  debentures,  offset by payments  of notes  payable  and  factoring
payable.  We assumed certain payroll tax liabilities as the result of the merger
with  Pacific  Diagnostic  Technologies,  Inc.,  on January  14,  1999.  We have
negotiated a payment plan with the Internal  Revenue  Service to pay the payroll
taxes assumed in the merger.

We believe that the receipt of net proceeds from the issuance of debt,  the sale
of the  common  stock  and the  exercise  of  common  stock  warrants  plus cash
generated  internally  from  sales  will be  sufficient  to  satisfy  our future
operations, working capital and other cash requirements for the remainder of the
fiscal year.  However, if we are unable to raise sufficient capital, we may need
to sell certain assets,  enter into new strategic  partnerships,  reorganize the
Company, or merge with another company to effectively maintain  operations.  Our
audit for the years  ended  June 30,  2004 and 2003  contained  a going  concern
qualification.


Item 3. Controls and Procedures

Our Chief  Executive  Officer and Chief  Financial  Officer  (collectively,  the
"Certifying   Officers")  are  responsible  for   establishing  and  maintaining
disclosure controls and procedures for the Company. Such officers have concluded
(based on their  evaluation of these controls and procedures as of a date within
90 days of the filing of this report) that the Company's disclosure controls and
procedures are effective to ensure that information  required to be disclosed by
the Company in this report is  accumulated  and  communicated  to the  Company's
management,  including its principal executive officers as appropriate, to allow
timely decisions  regarding required  disclosure.  The Certifying  Officers also
have indicated that there were no significant  changes in the Company's internal
controls  or  other  factors  that  could  significantly  affect  such  controls
subsequent to the date of their evaluation, and there were no corrective actions
with regard to significant deficiencies and material weaknesses.


                          PART II -- OTHER INFORMATION

Item 1. Legal Proceedings

On April 16, 2004, Decision One Corporation filed suit in the County of Bannock,
Idaho against Quintek for $22,662 for goods provided.  Since 2000,  Decision One
(formerly Imation) has been both a vendor to Quintek and a reseller of Quintek's
Q4300 Printers.  Quintek filed a counterclaim on August 1, 2004. Quintek asserts
that Decision One used its authority as a dealer of our product to disparage us,
in  violation  of its  dealer  agreement  with us,  and we seek  relief  for the
hundreds of thousands of dollars in business  lost because of it. On January 11,
2005, the Court granted Judgment for the sum of $21,000 in favor of the Decision
One  Corporation.  The Court has ruled that Quintek would be allowed to file the
counterclaim under this action,  rather than a separate lawsuit. The Company can
appeal the Court's  decision and would have until  February 18, 2005 to file the
Notice of Appeal.  In March 2005, a stipulation  settlement  was accepted by the
Creditor where they agreed to accept $15,000 in full satisfaction of their debt.
The Company agreed to pay $2,000 upon execution of the  stipulation  plus $1,000
for 13 months  thereafter.  Upon receipt of the final payment, a Satisfaction of
Judgment will be entered in the matter. If the Company fails to meet the payment
schedule,  the  Creditor,  after giving credit for payments  received,  shall be
allowed to proceed with the full judgment of $21,000 plus  accumulated  interest
and costs.

                                      -22-
<PAGE>

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

On January 10, 2005,  328,000 Common Shares were issued to an investor  pursuant
to the investor's conversion of Series A Preferred stock.

On January 12, 2005,  the Company  issued 250,000 Common Shares to an accredited
investor for sale of stock valued at $25,000 on October 12, 2004.

On January 14, 2005, the Company  entered into an agreement with a consultant to
provide  consulting  services for a twelve month  period.  In  consideration  of
consulting services,  the consultant shall receive 1,800,000 Common Shares to be
issued under rule 144 (restricted  stock) and shall have a one year  restriction
before the sale of any shares,  and after two years shall be unrestricted  under
rule 144k.  As of March 31,  2005,  the  Company did not issue any shares to the
consultant.

On  February  1, 2005,  the Company  entered  into an  addendum  to  Convertible
Debenture  and Warrant to Purchase  Common Shares by and between the Company and
an accredited investor.  Under this agreement,  the Company received $100,000 on
March 30, 2005, as a prepayment towards the exercise of Warrant Shares under the
Convertible Debenture and Warrant to Purchase Common Shares agreement.

On February  2, 2005,  in  consideration  of investor  relations  services,  the
Company agreed to issue  6,250,000  Warrants to purchase  Common Shares at $0.18
per share.  The Warrants  shall become  exercisable  as follows:  (a)  3,125,000
Warrants are vested and fully exercisable; and (b) 3,125,000 Warrants shall vest
and become exercisable on July 1, 2005. The Warrants shall expire on February 1,
2008. The Company did not issue these warrants as of March 31, 2005.

On February 8, 2005,  the Company  issued 186,375 Common Shares valued at $2,500
to an accredited  investor.  On February 16, 2005, the Company issued  5,000,000
Common  Shares  valued  at  $750,000  to be held  in  escrow  for an  accredited
investor,  for future debenture conversions and warrant exercises.  On March 30,
2005,  the  Company  issued an  additional  2,500,000  Common  Shares  valued at
$300,000 to be held in escrow for the same accredited investor.

On March 7, 2005,  the Company issued  6,804,164  Common Shares to an accredited
investor upon conversion of convertible promissory note of $408,250.

On March 10, 2005, the Company issued 400,000 Common Shares valued at $56,000 in
settlement of debt of a shareholder.

Unless  otherwise  noted,  the sales set forth above.  involved no underwriter's
discounts or commissions and are claimed to be exempt from registration with the
Securities and Exchange  Commission  pursuant to Section 4 (2) of the Securities
Act of 1933,  as amended,  as  transactions  by an issuer not involving a public
offering,  the issuance and sale by the Company of shares of its common stock to
financially  sophisticated  individuals  who are  fully  aware of the  Company's
activities,  as well as its business and financial  condition,  and who acquired
said  securities for investment  purposes and  understood the  ramifications  of
same.

Item 3. Defaults Upon Senior Securities

N/A

Item 4. Submission of Matters to a Vote of Security Holders

During the three month period ending March 31, 2005,  no matters were  submitted
to a vote of security holders.

Item 5. Other Information

N/A
                                      -23-
<PAGE>

Item 6. Exhibits

(a) Exhibits

31.1  Certification  pursuant to Rule 13a-14 of the Securities  Exchange Act, as
adopted pursuant to Section 302 of the  Sarbanes-Oxley Act of 2002, of the Chief
Executive Officer

31.2  Certification  pursuant to Rule 13a-14 of the Securities  Exchange Act, as
adopted pursuant to Section 302 of the  Sarbanes-Oxley Act of 2002, of the Chief
Financial Officer

32.1  Certification  pursuant to 18 U.S.C.  Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, of the Chief Executive Officer

32.2  Certification  pursuant to 18 U.S.C.  Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, of the Chief Financial Officer


                                      -24-
<PAGE>


                                   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.



                                    QUINTEK TECHNOLOGIES, INC.

Date: May 17, 2005                  /s/ ROBERT STEELE
                                    --------------------------------------------
                                    Robert Steele, Chairman
                                    and Chief Executive Officer

Date: May 17, 2005                  /s/ ANDREW HAAG
                                    --------------------------------------------
                                    Andrew Haag, Chief Financial Officer




                                      -25-