SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB
(MARK 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, 1997

         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934
         For the Transition period from                        to
                       Commission File Number: 33-15097-D
                          SYNAPTIX SYSTEMS CORPORATION
             (Exact name of registrant as specified in its charter)

        Colorado                                84-10457105
(State or other Jurisdiction of           (I.R.S. Employer Identification
incorporation or organization)                    Number)
         
2450 South Shore Boulevard, Suite 210, League City, Texas            77573
-----------------------------------------------------------------------------
             (Address of Principal Executive Offices)             (Zip Code)

       Registrant's telephone number, including area code: (281) 334-0708

     Check whether the issuer (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 CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
stock as of the latest practicable date.

Common Stock, $.003 Par Value                        1,490,367
                                           ------------------------------
                                       (Shares outstanding as of  May 15, 1997)

Transitional Small Business Disclosure Format (Check One)   Yes      No  [X]

                                        1

<PAGE>



                          SYNAPTIX SYSTEMS CORPORATION
                 QUARTERLY REPORT ON FORM 10-QSB FOR THE INTERIM
                           PERIOD ENDED MARCH 31, 1997



                                TABLE OF CONTENTS

                                                                          Page
                                                                         Number

Part I. Financial Information

Item I. Financial Statements

        Balance Sheets at March 31, 1997 and June 30, 1996................. 3

        Statements of Operations for the Nine Months Ended March 31, 1997
        and 1996............................................................4

        Statements of Changes in Stockholders' Deficit for the Year Ended
        June 30, 1996 and the Nine Months Ended March 31, 1997..............5

        Statements of Cash Flows for the Nine Months Ended March 31,
        1997 and 1996.......................................................6

        Notes to Financial Statements.......................................7

Item 2. Management's Discussion and Analysis of Financial Condition and
        Results of Operations...............................................7

Part II.Other Information

Item 6. Exhibits and Reports on Form 8-K....................................8

        Signatures..........................................................9


                                        2

<PAGE>



                          SYNAPTIX SYSTEMS CORPORATION
                                 Balance Sheets
<TABLE>
<CAPTION>
                                                                                   March 31, 1997         June 30, 1996
                                                                                     (Unaudited)            (Audited)
                                                                                  -----------------     -----------------
ASSETS
Current Assets:
<S>                                                                               <C>                   <C>              
     Cash and cash equivalents                                                    $           3,733     $               0
                                                                                  -----------------     -----------------

                                                          Total Current Assets                3,733                     0
                                                                                  -----------------     -----------------

                                                                  Total Assets    $           3,733     $               0
                                                                                  =================     =================

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities:

     Accounts payable and accrued liabilities                                     $          59,216     $          28,009
     Loans payable                                                                           37,100                13,200
     Income taxes payable                                                                         0                     0
                                                                                  -----------------     -----------------

                                                     Total Current Liabilities               96,316                41,209

Stockholders' Deficit:

     Preferred Stock - $1 par value 10,000,000 shares authorized;  -0- shares of
         Series A Voting  Preferred  Stock  outstanding  at March  31,  1997 and
         174,865 shares
         issued and outstanding at June 30, 1996                                                  0               174,865

     Common Stock - $.003 par value,  25,000,000  shares  authorized;  1,490,367
         shares  issued and  outstanding  at March 31,  1997 and  39,668  shares
         issued and outstanding at June 30, 1996                                              4,471                   119

     Additional paid-in capital                                                           4,805,894             4,610,729
     Retained earnings (deficit)                                                         (4,902,948)           (4,826,922)
                                                                                  -----------------     -----------------

                                                   Total Stockholders' Deficit             ( 92,583)              (41,209)
                                                                                  -----------------     -----------------

                                   TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT    $           3,733                     0
                                                                                  =================     =================
</TABLE>

See Accompanying Notes to the Financial Statements.

                                        3

<PAGE>
                          SYNAPTIX SYSTEMS CORPORATION
                            Statements of Operations
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                             Nine Months Ended
                                                                                                 March 31,
                                                                                        1997                  1996
                                                                                     (Unaudited)           (Unaudited)
                                                                                  -----------------     -----------------
<S>                                                                               <C>                   <C>              
REVENUES                                                                          $               0     $               0
Cost and Expenses:
     General and administrative expenses                                                    76,026                 69,403
        Interest                                                                                  0                    81
                                                                                  -----------------     -----------------

         Total Costs and Expenses                                                            76,026                69,484
                                                                                  -----------------     -----------------

Income (loss) from Continuing Operations:                                                   (76,026)                    0

     Income tax expense (benefit)                                                                 0                     0

     Investment income (loss)                                                                     0                     3
                                                                                  -----------------     -----------------

     Income (loss) before income                                                            (76,026)              (69,481)
                                                                                  ------------------    ------------------

        Income tax expense (benefit)                                                              0               ( 3,299)
                                                                                  -----------------     ------------------

     Income (loss) before discontinued operations                                                 0               (66,182)

         Net Income (Loss)                                                        $         (76,026)    $         (66,182)
                                                                                  ==================    =================

     Income (loss) per share (continuing operations)                              $            (.14)    $           (1.80)

     Income (loss) per share (discontinued operations)                                          .00                   .00
                                                                                  -----------------     -----------------

         Income (Loss) Per Share                                                  $            (.14)     $          (1.80)
                                                                                  =================      =================
</TABLE>

See Accompanying Notes to the Financial Statements.

                                        4

<PAGE>
                          SYNAPTIX SYSTEMS CORPORATION
                       STATEMENT OF STOCKHOLDERS' DEFICIT

                   For Year Ended June 30, 1996 (audited) and
                    For the Nine Months Ended March 31, 1997
                                   (unaudited)
<TABLE>
<CAPTION>
                                                                                        Additional      Retained         Total
                                    Common                        Preferred               Paid-in       Earnings     Stockholders'
                            Shares          Amount         Shares         Amount          Capital       (Deficit)       Deficit
                         -------------  -------------  --------------  -------------  -------------  --------------  ------------
<S>                      <C>            <C>            <C>             <C>            <C>            <C>             <C>
Balances at June 30,
   1996                         39,668  $         119         174,865  $     174,865  $   4,610,729  $   (4,826,922) $     (41,209)

Sale of restricted common
    stock for cash           1,217,500          3,652               0              0              0               0          3,652

Issuance of restricted
    common stock for
    expenses                    58,334            175               0              0         20,825               0         21,000

Issuance of common
    shares for preferred
    shares                     174,865            525        (174,865)      (174,865)       174,340               0              0

Net loss                             0              0               0              0              0         (76,026)       (76,026)
                         -------------  -------------  --------------  -------------  -------------  --------------  -------------
Balances at March
   31, 1997                  1,490,367  $       4,471               0  $           0  $   4,805,894  $   (4,902,948) $     (92,583)
                         =============  =============  ==============  =============  =============  =============== =============
</TABLE>


See Accompanying Notes to the Financial Statements.

                                        5

<PAGE>
                          SYNAPTIX SYSTEMS CORPORATION
                             Statements of Cash Flow
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                 Nine  Months Ended
                                                                                                       March  31,
                                                                                              1997                   1996
                                                                                      ------------------    ------------------
CASH FLOWS OPERATING ACTIVITIES:
<S>                                                                                   <C>                   <C>                
     Net income (loss)                                                                $         ( 76,026)   $         ( 66,182)

Adjustments  to  reconcile  net  income  (loss)  to net cash  used in  operating
     activities:

     Stock issued for expenses                                                                    21,000                     0

Changes in Assets and Liabilities:

     Income taxes payable                                                                              0                (3,299)

     Accounts payable                                                                             31,207                15,637
                                                                                      ------------------    ------------------

     Net Cash Required by Operating Activities                                                   (23,819)              (53,844)

CASH FLOW FROM FINANCING ACTIVITIES:

     Sale of common stock                                                                          3,652                40,000

     Loan proceeds                                                                                23,900                13,200
                                                                                      ------------------    ------------------

     Net Cash Provided by Financing Activities                                                    27,552                53,200
                                                                                      ------------------    ------------------

     Net Increase (decrease) in Cash                                                               3,733                  (644)

CASH AT BEGINNING OF YEAR                                                                              0                   644
                                                                                      ------------------    ------------------

CASH AT END OF PERIOD                                                                 $            3,733    $                0
                                                                                      ==================    ==================

SUPPLEMENTAL CASH FLOW INFORMATION

     Interest paid                                                                    $                0    $              235

     Income taxes paid                                                                                 0                     0
                                                                                      ------------------    ------------------

                                                                                      $                0    $              235
                                                                                      ==================    ==================
</TABLE>

See Accompanying Notes to the Financial Statements.

                                        6

<PAGE>
                          SYNAPTIX SYSTEMS CORPORATION
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 1997

1.   Basis of Presentation

     The financial  statements of Synaptix Systems  Corporation (the "Company"),
included  herein,  are  unaudited for all periods ended March 31, 1997 and 1996.
They reflect all adjustments  (consisting of normal recurring adjustments) which
are, in the opinion of  management,  necessary to fairly  depict the results for
the  periods  presented.  Certain  information  and note  disclosures,  normally
included in financial  statements prepared in accordance with generally accepted
accounting  principles,  have been  condensed  or omitted  pursuant to rules and
regulations  of the  Securities  and Exchange  Commission.  It is suggested that
these  financial  statements be read in conjunction  with the audited  financial
statements for the years ended June 30, 1996 and 1995, which are included in the
Company's  annual report.  The Company believes that the disclosures made herein
are adequate to make the information presented not misleading.

2.   Earnings per Common and Common Equivalent Share

     Earnings  per common and common  equivalent  share is based on the  average
number of common shares and dilutive  common share  equivalents  outstanding for
the nine months ended March 31, 1997 and 1996,  adjusted for a 1-for-60  reverse
stock split which has been applied  retroactively.  The stock split was approved
by the shareholders on January 10, 1997.

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

General

     The Company ceased all oil and gas  operations in June 1994,  following the
disposition  of its  oil  and  gas  interests.  The  Company  continues  to seek
acquisitions  and  mergers  in  the  area  of  computer  related   technologies.
Management  believes  that  an  acquisition  of  this  nature  will  provide  an
opportunity to enhance stockholder value.

Results of Operations

     Analysis of Three  Months  ended March 31,  1997  Compared to Three  Months
ended March 31, 1996

     Costs and expenses for the three months ended March 31, 1997,  were $29,976
and were  associated  with  general  and  administrative  expenses.  General and
administrative  expenses increased when compared to the same period in 1996, due
to  management's  restructuring  the  Company and  positioning  it to be able to
acquire assets to enter into the computer technology industry.

                                        7

<PAGE>

     Analysis of Nine Months ended March 31, 1997  Compared to Nine Months ended
March 31, 1996

     Costs and expenses for the nine months ended March 31, 1997,  were $76,026,
and were  associated  with  general  and  administrative  expenses.  General and
administrative  expenses increased when compared to the same period in 1996, due
to  management's  restructuring  the  Company and  positioning  it to be able to
acquire assets to enter into the computer technology industry.

Liquidity and Capital Resources

     There were no recorded  revenues  for the nine months ended March 31, 1997.
For the period from June 30, 1996 through March 31, 1997 the  Company's  working
capital deficit increased  approximately  125% when compared to the period ended
March 31, 1996. At March 31, 1996, the Company  maintained a negative  liquidity
position which is evidenced by negative working capital of $41,209.  The Company
has no major capital  commitments at the present time.  Management  continues to
review potential acquisition  candidates in computer related technologies in its
endeavor to restructure  the Company,  increase the Company's  current ratio and
liquidity,  and  generate  capital  which  would  provide  cash flow for  future
expansion.

                           PART II OTHER INFORMATION

Item 5. Other Information

1    The Amended and  Restated  Articles  of  Incorporation  were filed with the
     Office of the Secretary of State of the State of Colorado on April 9, 1997,
     which  changed  the name from Basic  Natural  Resources,  Inc.  to Synaptix
     Systems  Corporation.  A copy  of the  Amended  and  Restated  Articles  of
     Incorporation were filed with the Securities and Exchange  Commission as an
     exhibit to the Registration  Statement on Form S-8, dated May 12, 1997, and
     are incorporated herein by reference.

2.   On May 12, 1997, the Company filed two Registration  Statements on Form S-8
     with the  Securities  and Exchange  Commission  for the  implementation  of
     employee  stock plans.  The plans are  identified  as the Synaptix  Systems
     Corporation  Employee  Stock  Compensation  Plan and the  Synaptix  Systems
     Corporation 1997 Incentive Stock Option Plan and Non-Statutory Stock Option
     Plan, and are incorporated herein by reference.

3.   The Company is  currently  preparing  an offering  under  Regulation  S and
     anticipates raising $200,000.  The proceeds from this offering will be used
     for working capital requirements.


                                        8

<PAGE>


4.   On May 15, 1997, the Company entered into an Asset Purchase  Agreement with
     Swallen  Investments,  Inc.,  a Texas  corporation,  to purchase all of the
     assets of Synaptix Systems  Corporation  (Old Synaptix),  a defunct Florida
     corporation, formerly in the business of software development. Old Synaptix
     was not a predecessor  of the Company.  The assets  include three  software
     programs of the assets being acquired which the Company  intends to develop
     and  exploit.  The assets  were  purchased  for Three  Million  (3,000,000)
     shares, par value $.003 per share, of the Company's common stock.

Item 6. Exhibits and Reports on Form 8-K

1.   A report on Form 8-K was filed on January 10, 1997, to report the Change in
     Control of  Registrant.  On December  24,  1996,  Alan W. Harvey  purchased
     73,050,000 shares of the Common Stock,  $.00005 par value, of Basic Natural
     Resources, Inc. for the amount of $3,652.50. Alan W. Harvey currently holds
     89.9% of the  total  outstanding  voting  securities.  Alan W.  Harvey  was
     elected  Chairman  of the  Board,  President  and Chief  Executive  Officer
     effective as of December 23, 1996.

2.   A report on Form 8-K was filed on January 22,  1997,  to report a change in
     the  recapitalization  of the Company.  At the Company's  Annual Meeting of
     Shareholders  held on January 10, 1997,  the  Shareholders  approved,  by a
     majority  vote,  a proposal  for  amendments  to the Amended  and  Restated
     Articles of  Incorporation  to (i) effect a one-for-sixty  reverse split of
     all issued and outstanding shares of Common Stock;  change the par value of
     the Common Stock from $.00005 to $.003, and reduce the number of authorized
     shares of Common Stock from Five Hundred  Thirty Six Million to Twenty Five
     Million.


                                   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.


                                      SYNAPTIX SYSTEMS CORPORATION


Dated: May 19, 1997                   By:     /s/ Alan W. Harvey
                                          -----------------------
                                          Alan W. Harvey, Chairman, President
                                          and Chief Executive Officer

                                        9