U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

        (X) QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934.

                For the 3 month period ended September 30, 2005.

             ( ) TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934.

                        For the transition period from to

                         Commission File No. 333-118801

                                SMARTMETRIC, INC.
                 ----------------------------------------------
                 (Name of Small Business Issuer in its Charter)

         Delaware                                            05-0543557
 (State of Incorporation)                           (IRS Identification Number)

                           67 Wall Street, 22nd Floor
                            New York, New York 10005
                    (Address of Principal Executive Offices)

Registrant's telephone number, including area code (212) 859-5007

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15 (d) of the Exchange Act during the past 12 months (or for such shorter
period that the Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

(1) Yes  X                 No               (2) Yes  X                 No
        ---                  ---                    ---                  ---

State the number of shares outstanding of each of the Registrant's classes of
common equity, as of the latest applicable date:

                Common Stock       8,849,000      September 30, 2005
        Class A Common Stock      50,000,000      September 30, 2005

                                       1

<PAGE>

                                SMARTMETRIC, INC.
                                   FORM 10-QSB
                               September 30, 2005


                                      INDEX



PART I. FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION                                          PAGE

   Item 1 - FINANCIAL STATEMENTS (UNAUDITED)                              3

           Consolidated Balance Sheets -                                  3
             September 30, 2005 and June 30, 2005

           Consolidated Statements of Operations -                        4
             Three Months Ended September 30, 2005 and 2004

           Consolidated Statements of Cash Flows -                        5
             Three Months Ended September 30, 2005 and 2004

           Notes to Financial Statements -
             Three Months Ended September 30, 2005 and 2004

   Item 2 - PLAN OF OPERATION                                             6

   Item 3 - CONTROLS AND PROCEDURES                                       7

PART II- OTHER INFORMATION                                                8

   Item 1 - LEGAL PROCEEDINGS                                             9

   Item 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS  10

   Item 3 - DEFAULTS UPON SENIOR SECURITIES                              10

   Item 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS          10

   Item 5 - OTHER INFORMATION                                            11

   Item 6 - EXHIBITS                                                     12


                                       2

<PAGE>

PART  I.  FINANCIAL INFORMATION

Item 1.  FINANCIAL STATEMENTS (UNAUDITED)
SMARTMETRIC, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Operations
(Unaudited)

<TABLE>
<CAPTION>
                                                   Three Months
                                                Ended September 30,       Cumulative During
                                                                         the Development Stage
                                           ----------------------------  (December 18, 2002 to
                                               2005             2004       September 30,2005)
                                           ------------      ----------     ------------
<S>                                        <C>               <C>            <C>
Revenues                                   $       --        $     --       $       --
Interest income                                     662            --                662
                                           ------------      ----------     ------------
Total income                                        662               0              662

Expenses:
 General and administrative                        --             9,010            6,523
 Research and development                        13,972           7,720          150,824
 Officer's salary                                42,500                          127,500
 Amortization expense                               405                            1,650
 Depreciation                                       342                              342
 Rent                                             2,017                            8,373
 Licenses                                          --                                149
 Telephone                                          781                            1,651
 Office expense                                     819                            4,885
 Professional fees                                8,298                           32,115
 Dues and subscriptions                             432                              522
 Repairs and maintenance                          1,323                            1,591
 Bank charges                                       667                            1,310
 Meals and entertainment                            722                            2,399
 Travel                                          12,695                           23,794
 Fuel                                               177                              790
 Printing                                         2,729                            2,822
 Miscellaneous                                     --                              1,161
 Insurance                                         --                              2,083
 Hardware                                          --                                 50
 Gifts                                              148                              841
 Donations                                         --                                 50
 Fees                                             1,663                           11,547
 State tax                                         --                                300
 Delivery and postage                                21                              652
 Technical consulting                             3,000                            3,000
 Medical                                          1,250                            1,250
 Commissions                                     75,000                           75,000
                                           ------------      ----------     ------------
      Total expenses                            168,961          16,730          463,174
                                           ------------      ----------     ------------
Net loss                                   $   (168,299)     $  (16,730)    $   (462,512)
                                           ============      ==========     ============
Net loss per share, basic and diluted      $       0.00      $     0.00
                                           ============      ==========
Weighted average number of common
 shares outstanding, basic and diluted       58,874,194      58,560,257
                                           ============      ==========
</TABLE>

                 See notes to consolidated financial statements

                                       3
<PAGE>

SMARTMETRIC, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Cash Flows

<TABLE>
<CAPTION>
                                                 Three Months       Cumulative During
                                              Ended September 30, the Development Stage
                                            --------------------- (December 18, 2002 to
                                              2005         2004     September 30, 2005)
                                            --------     --------   ------------------
Cash flows from operating activities:
<S>                                         <C>          <C>                 <C>
 Net loss                                   $ -168,981   $ -16,730           $ -463,174

 Changes in assets and liabilities:
  Organization costs                              30           30                 150
  Credit card payable                            230         --                 1,950
  Depreciation                                   342         --                   342
  Prepaid expenses                              --           --                -1,400
  Organizational costs                          --           --                  -800
  Patent costs                                   375         --                 1,500
  Fixed assets                                -2,281         --                -2,281
  Accrued salary to President                 42,500         --               127,500
  Accounts payable and accrued expenses      -66,450       -1,250              47,618
                                            --------     --------            --------
 Net cash used for operating activities     -194,215      -17,950            -288,395
                                            --------     --------            --------
Cash flows from investing activities:

 Patent costs incurred                          --        -15,000             -15,000
                                            --------     --------            --------
 Net cash used for investing activities            0      -15,000             -15,000
                                            --------     --------            --------
Cash flows from financing activities:
 Loans from related party                    -56.173        2,500             114,427
 Repayment of loans from related party        60,000         --              -131,473
 Stock subscriptions collected                15,000       35,000             280,981
 Interest receivable                            -662         --                  -662
Common stock sold                            470,906         --               470,906
Deferred offering costs incurred             135,000       -7,500                --
                                            --------     --------            --------
 Net cash provided by financing
 activities                                  624,071       30,000             734,179
                                            --------     --------            --------
Income from financing activities:
 Interest                                        662         --                   662
                                            --------     --------            --------
Net increase in cash                         430,518       -2,950             431,446
Cash, beginning of period                        928       64,142                --
                                            --------     --------            --------
Cash, end of period                         $431,446     $ 81,192            $431,446
                                            ========     ========            ========
Supplemental disclosures of cash flow
Information:
Interest paid                               $   --       $   --              $   --
                                            --------     --------            --------
Income taxes paid                           $   --       $   --              $   --
                                            --------     --------            --------
</TABLE>

                 See notes to consolidated financial statements

                                       4
<PAGE>

SMARTMETRIC, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Balance Sheets

<TABLE>
<CAPTION>
                                                                         Period Ended
                                                                 September 30,   June 30,
                                                                     2005         2005
                                                                   --------     --------
Assets                                                            (Unaudited) (Unaudited)

Current assets:
<S>                                                                <C>          <C>
 Cash                                                              $431,446     $    928
 Stock subscription receivable                                        --          15,000
 Security deposit                                                     1,400        1,400
 Credit card overpayment
 Loan to shareholder                                                 17,046       20,873
 Interest receivable-shareholder loan                                   662          --
                                                                   --------     --------
  Total current assets                                              450,554       38,201
Other assets:

 Computer-net                                                         1,939         --
 Deferred offering costs                                               --        135,000
 Organizational costs-net                                               450          480
 Patent costs, less accumulated amortization
 of $1,125 and $0, respectively                                      13,500       13,875
                                                                   --------     --------
Total assets                                                       $466,443     $187,556

Liabilities and Stockholders` Equity

Current liabilities
 Loans from shareholder                                                --           --
 Accounts payable                                                  $ 47,618     $114,088
 Credit card payable                                                  1,950        1,720
 Accrued officer's salary                                           127,500       85,000
                                                                   --------     --------
  Total current liabilities                                         177,068      200,788
Other liabilities                                                      --           --
                                                                   --------     --------
  Total liabilities                                                 177,068      200,788
                                                                   --------     --------
Common stock subject to possible
  rescission (160,837 shares)                                       241,256      241,258
                                                                   --------     --------
Stockholders' equity:
 Preferred stock, $.01 par value; 5,000,000 shares authorized,
  0 shares issued and outstanding                                       --           --
 Class A common stock, $.001 par value;
  50,000,000 shares Issued and outstanding                           50,000       50,000
 Common stock, $.001 par value; 45,000,000 shares authorized,
  issued and outstanding 8,560,257                                    8,849        8,560
 Additional paid-in capital                                         451,782      -18,835
 Deficit accumulated during the development stage                  -462,512     -294,213
                                                                   --------     --------
  Total stockholders' equity (deficiency)                            48,119     -254,488
                                                                   --------     --------
  Total liabilities and stockholders' equity                       $466,443     $187,556
                                                                   ========     ========
</TABLE>
                See notes to consolidated financial statements.

                                       5

<PAGE>

Item 2.  PLAN OF OPERATION

OVERVIEW

         Incorporated in 2002, SmartMetric and its founder and CEO, Colin
Hendrick, have been engaged in research and development of a biometric security
solution which would authenticate the identity of a person in a self-contained
credit card-sized device. SmartMetric's biometric card has been designed to use
an on-board finger print sensor which is imbedded in the card along with an
integrated circuit chip which will provide one gigabyte of memory capacity.
SmartMetric has recently completed a prototype of its SmartCard but has not yet
begun to manufacture SmartCards utilizing its licensed technology. To date,
SmartMetric has had no sales revenues.

         In December 2001 SmartMetric's CEO, Colin Hendrick, applied for a
patent for this biometric card technology connecting SmartCards to networks, and
providing secure access for such connections. In June 2004, Mr. Hendrick
transferred this technology to Applied Cryptology, Inc., a Nevada corporation,
he owns and controls, and which owns 49,500,000 shares of SmartMetric common
stock. On August 1, 2004, Applied Cryptology entered into a license agreement
with SmartMetric pursuant to which Applied Cryptology agreed to license this
technology to SmartMetric in perpetuity in exchange for a royalty payment. This
patent was granted on September 14, 2004.

         We had $0 sales revenue for the year ended June 30, 2005, with a net
loss of $258,355. For the quarter ending September 30, 2005, there were no sales
revenues and a net loss of $168,299 as compared to no sales revenues and a net
loss of $16,730 for the quarter ending September 30, 2004. This increased loss
is a result of an increase in research and development, professional fees
related to the initial public offering, as well as accrued officer's salary.

         In October 2003, we sold 50,000,000 shares of common stock to the
President of SmatMetric at $.001 per share for a total of $50,000. From November
2003 to June 30, 2004, SmartMetric sold 8,560,257 shares of common stock to the
President of the corporation, Colin Hendrick, at $.01 per share for a total of
$85,602.57. Mr. Hendrick rendered complete payment for these shares by October
2004. In August 2004, Mr. Hendrick transferred these shares to approximately 600
shareholders for no consideration. All shares are restricted from resale, except
11,560,257 shares which are being registered for resale. Of these 11,560,257
shares, 3,000,000 are Class A common shares which are identical to undesignated
common stock. In March 2005, Mr. Hendrick transferred 49,500,000 shares to
Applied Cryptology, Inc., a company owed and controlled by Mr. Hendrick. Applied
Cryptology is party to a license agreement with SmartMetric.

                                       6

<PAGE>

         In September 2004, we sold 68,207 shares to 9 people at $1.50 per
share. Between October 2004 and January 2005, we sold 92,630 shares of common
stock to 11 investors at $1.50 per share. All shares issued in these two private
placements are being registered by the Company in its proposed public offering.

         In August 2005, we commenced our initial public offering, pursuant to
which we intend to raise a minimum of $499,999 and a maximum of $9,999,999. On
September 14, 2005, we closed on the minimum offering.

PLAN OF OPERATION

         Over the next 12 months, SmartMetric intends to commence marketing in
an attempt to generate sales. We will use the proceeds of this offering to
contract the production of our prototype and commence marketing. We believe that
proceeds from the Maximum Offering will be sufficient to cover these costs, as
well as working capital, for at least 12 months. We expect that we will have to
raise additional funds starting 12 months after completion of the offering if we
raise less than the Maximum Offering. The amount we raise will depend on the
amount raised in this offering. As of September 14, 2005, we raised the Minimum
Offering. The Minimum Offering gives us working capital for 12 months, but we
expect that we will need to raise additional funds.

         We expect to outsource manufacturing of our SmartCards once we have
sales orders. We do not intend to purchase any plants or significant equipment.

         We currently have three full time employees, including Colin Hendrick,
our President and Chief Executive Officer. Once we have begun to generate sales,
we intend to hire additional employees.

         For the three months ended September 30, 2005, we spent $42,500 on
research and development, an increase of 100% from the quarter ended September
30, 2004, when no costs related to research and development were incurred. The
increase is related to fees involved with the development of a SmartCard
prototype. These funds were applied toward the production of a SmartCard
prototype and its components. To date, Mr. Hendrick has neither been paid, nor
reimbursed, for any of this research and development costs.

COMPLETION OF PROTOTYPE

         A prototype of our SmartCard was completed in February 2005. The
finished product is the prototype or model for our SmartCards, which will be
manufactured upon receipt of customer orders. We intend to revise some of the
engineering of the prototype so as to decrease the size of the circuitry
contained in the SmartCard.

PRODUCTION OF SMARTCARDS

         Now that we have a working prototype of our SmartCard, we will seek to
obtain orders for it. Because SmartMetric does not own or rent a manufacturing
facility, we have entered into a contract with a manufacturing facility to
produce our SmartCards. Although we have begun negotiation s with two potential
manufacturer, no contract has been signed.

                                       7

<PAGE>

         SmartMetric believes its current sources of credit and liquidity,
including funds raised in its private placement are insufficient to begin
operations, including production of our SmartCards. SmartMetric believes the
Maximum Offering proceeds will be sufficient to proceed with its plan of
operations for the next twelve months. Our plan includes outsourcing or contract
manufacturing of approximately 75,000 SmartCards. A key element of SmartMetric's
growth strategy is raising adequate funding to begin to outsource the
manufacture of its biometric card. We believe that $499,999.50 will suffice to
begin outsourcing the manufacturing of our SmartCard. The amount of funds
required will depend on the size of the orders we receive. We estimate that
$499,999.50 will allow us to outsource production of 1,000 SmartCards, begin
marketing them and provide us with enough working capital to last 12 months. We
expect that orders larger than will require additional financing. Such financing
may be in the form of debt or equity. Currently, SmartMetric has no material
commitments for capital expenditures.

         SmartMetric does not believe its business is seasonal in any way.

         On October 30, 2003, we entered into an agreement with Information
Spectrum, Inc. Pursuant to this agreement, ISI will seek to market our
SmartCards. Once ISI begins such marketing efforts and is able to find companies
and/or government agencies to purchase our SmartCards, we will begin production
of our SmartCards. We intend to enter into an agreement with a third party to
manufacture our SmartCards, but have not yet done so.


Item 3.  CONTROLS AND PROCEDURES

         As of September 30, 2005, an evaluation has been carried out under the
supervision and with the participation of our management, including our Chief
Executive Officer and Chief Financial Officer, of the effectiveness of the
design and the operation of our "disclosure controls and procedures" (as such
term is defined in Rules 13a-15(e) under the Securities Exchange Act of 1934).
Based on such evaluation, our Chief Executive Officer and Chief Financial
Officer have concluded that the disclosure controls and procedures are
reasonably designed and effective to ensure that (i) information required to be
disclosed by us in the reports we file or submit under the Securities Exchange
Act of 1934 is recorded, processed, summarized and reported within the time
periods specified in the SEC's rules and forms, and (ii) such information is
accumulated and communicated to our management, including our Chief Executive
Officer and Chief Financial Officer, as appropriate to allow timely decisions
regarding required disclosure. There are no changes in our internal controls
over financial reporting identified in connection with the evaluation of our
disclosure controls and procedures.

PART II.  OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS

          None

                                       8

<PAGE>

Item 2.   UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

          In October 2003, SmartMetric issued 50,000,000 shares of common
stock to the President of SmartMetric, Colin Hendrick, at $.001 per share for a
total of $50,000. From November 2003, to June 30, 2004 SmartMetric sold an
additional 8,560,257 shares to Mr. Hendrick at $.01 per share for a total of
$85,602.57. Mr. Hendrick completed payment for these shares in October 2004.
These sales were made pursuant to Section 4(2) of the Securities Act of 1933.
There was no general solicitation or advertising, and Mr. Hendrick did not
purchase the shares with the intent to resell them. In August 2004, Mr. Hendrick
assigned 8,560,257 shares to approximately 600 people for no consideration. Each
of these tranferees is registering his/her shares in this registration
statement.

          In September 2004 through October 2004, SmartMetric sold 68,207
shares to 9 people at $1.50 per share: Leslie Price; Peter Gummer and Kim
Murray; Robert and Narelle Renfrew; Cheryl McLean; David Frank Walker; Jim
Truant; Mark Edwards and Jenny Lee Stone Superannuation Fund, Jonathan Murphy;
and Ronald D. and Susanne J. Leonard. These shares were sold by Peter Sleep, a
director of SmartMetric. Of the nine, six persons were already shareholders of
SmartMetric and all nine were friends and/or acquaintances of Mr. Sleep's. All
were familiar with SmartMetric and Mr. Sleep prior to September 2004. These nine
people were presented with the financial statements of SmartMetric, as well as a
subscription agreement. They did not rely on the registration statement filed
with the SEC when making the decision to invest in SmartMetric. SmartMetric
relied upon Section 4(2) of the Securities Act when offering these securities to
a limited number of persons without general solicitation or advertising.

          In December 2004 through January 2005, SmartMetric sold 92,630
shares of common stock to 11 people at $1.50 per share for a total of $138,945.
These 11 people were: Veronica Heather Hehir; Robert Michael Hehir; Jacqueline
Stone; Wayne George Shirley; Colleen R. King Pty Ltd.; David Walker; Leslie
Vago; Paul Southern; Julie Martin; Josef Wehr; and Robert Towers & Associates
Pty Ltd. Of these 11 people, 8 were existing shareholders of SmartMetric. The
shares were sold by Peter Sleep, a director of the company. These 11 people were
presented with the financial statements of SmartMetric, as well as a
subscription agreement. They did not rely on the registration statement filed
with the SEC when making the decision to invest in SmartMetric. SmartMetric
relied upon Section 4(2) of the Securities Act when offering these securities to
a limited number of persons without general solicitation or advertising.

Item 3.   DEFAULTS UPON SENIOR SECURITIES

          None

Item 4.   SUBMISSIONS OF MATTERS TO A VOTE OF SECURITY HOLDERS

          None

Item 5.   OTHER INFORMATION

          None

                                       9

<PAGE>

Item 6.   EXHIBITS

          The following exhibits are attached to this Form 10-QSB and made a
part hereof.

           Exhibit No.         Description

                 3(i)          Articles of Incorporation(1)

                3(ii)          Bylaws(1)

                  10           Contract with Information Spectrum, Inc.(1)

                 31.1          Certification of HOMI's Chief Exective Officer
                               and Chief Financial Officer pursuant to
                               Rule 13a- 14(a) of the Securities Exchange Act of
                               1934

                               Certification of HOMI's Chief Exective Officer
                               and Chief Financial Officer required

                 32.1          by Rule 13a-14(b) under the Securities Exchange
                               Act of 1934 and Section 1350 of Chapter 63 of
                               Title 18 the United States Code (18 U.S.C. 1350)
----------------------------
(1)  Incorporated by reference from SmartMetric's Registration Statement filed
     on Form SB-2 filed with the Securities and Exchange Commission on September
     3, 2004.
















                                       10


<PAGE>

                                    SIGNATURE

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                      SMARTMETRIC, INC.

Dated: November 21, 2005              By: /s/ Colin Hendrick
                                          ---------------------------
                                          Colin Hendrick, President



























                                       11