SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-KSB  Annual Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934  x
        ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934  For Fiscal Year Ended December 31, 2004  [
        ]
        TRANSITION REPORT UNDER SECTION 13 OR 15{d) OF THE SECURITIESEXCHANGE ACT OF 1934  For the transition period from              to  Commission File number 333-108902  FUTOMIC INDUSTRIES, INC. (Name of small business issuer in its charter)  New Jersey
        22-3720628(State or other jurisdiction of
incorporation or organization)
        (IRS Employer Identification No.)8717-53 Avenue, 2ndFloor Edmonton, Alberta, Canada
        T6E 5E9(Address of principal executive offices)
        (Zip Code)  (780)  485-1257 (Registrants telephone number, including area code)  (Former name, former address and former fiscal year, if changed since last report)   Securities registered under Section 12(b) of the Exchange Act:
        None  Securities registered under Section 12(g) of the Exchange Act:  Common Stock, $0.0001 par value       Indicate by check mark 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 o
        Nox

Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B not contained in this form, and no disclosure will be contained, to the best of the registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB  (  )



Indicate by check mark whether the registrant is a shell company as defined in Rule12b-2 of the Exchange Act.




Yesx
        Noo

Revenues for year ended December 31, 2005: $0



Aggregate market value of the voting common stock held by non-affiliates of the registrant as of December 31, 2005, was: $O




Transfer Agent as of March 8, 2006:
        American Registrar & Transfer Co.342 East 900 SouthSalt Lake City, Utah 84111





PART I



ITEM 1. DESCRIPTION OF BUSINESS



Business Development:



We were incorporated in the State of New Jersey on April 6th, 2000 under the name Segway VI Corp. Segway VI Corp. was formed as a blank check company to be purchased by a foreign or domestic private company to become a reporting company. Prior to acquiring the assets of our subsidiary, Segway VI did not have any operating activities or income. On August 5, 2003, Mr. Tetterington and Mr. Schipperheijn executed the purchase of 4,997,000 common shares of Segway VI Corp., out of the 5,000,000 then outstanding, from the previous owners and promoters, Mr. Kent McKay, Mr. Richard Anslow and Mr. Gregg Jaclin. On August 13th, 2003, we filed Articles of Amendment with the State of New Jersey changing our name to 3DLP International Inc.



On August 15, 2003, we entered into a Stock Purchase Agreement and Share Exchange with Selectrics and closed the transaction on August 27, 2003. As a result of this Agreement, we purchased all of Selectrics stock, and in exchange, issued 11,371,000 shares of our common stock to the Selectric shareholders on a one-for-one basis. As such, the corporate consolidation has resulted in Selectrics becoming a wholly owned subsidiary of Futomic Industries, Inc.



In June of 2004, we changed the name of the corporation to Futomic Industries, Inc and subsequently filed Articles of Amendment with the State of New Jersey changing our name to Futomic Industries, Inc on October 15, 2005.



We have not been involved in any bankruptcy, receivership or similar proceeding. We have not been involved in any material reclassification, merger, consolidation, or purchase or sale of a significant amount of assets not in the ordinary course of business.



Business of Issuer:



We were engaged in the research, development and distribution of technologies and our technology assets included a working version of a 3D Adapter for the Sony Playstation II, and an incomplete 3D Laser projection system to display 3D images. We are also engaged in the research and development of a smart card technology related to the biometric security industry. On June 20, 2005, we sold our video game technologies to SplitFish Gameware Inc. of Edmonton, Canada, a company owned by Mr. Ken Tetterington who was formerly our principal shareholder, officer and director. This sale was undertaken by us so that we can focus entirely on our biometric security technologies.



Pursuant to the agreement, Mr. Tetterington returned 9,311,000 of his shares back us and resigned as our officer and director. Such shares represented all of our shares of common stock held by Mr. Tetterington. The resulting transaction will allow us to concentrate exclusively on pursuing sales, consulting contracts and agreements in the field of biometric security solutions to governments and large corporations.





We are now solely involved in the research, development and marketing of a biometric smart card software database management solution. All of the smart card hardware has been supplied from other distributors and we have programmed the Interface software that allows clients to manage a database of issued cards. We are currently researching various possible products related to the biometric security industry. One possible product is a smart card that is made out of plastic and the size of a typical credit card. Smart card technologies in use today have a memory chip that stores information about the owner of the smart card. Certain smart cards also have a fingerprint scanner on the card that is used to verify the cards owner. Another product we are researching is a smart card reader that is secure against unwanted data mining. We anticipate pursuing development of biometric smart card technologies.



In October of 2005, we assisted in the preparation of a tender for smart card readers, smart cards and software implementation to the Government of Qatar. To date and to our knowledge we did not win the tender, nor are we aware if the tender process is yet completed.



Corporate Offices:



Our corporate offices are located at 8717-53 Avenue, 2ndFloor Edmonton, Alberta, Canada and our telephone number is (780)485-1257. Our fax number is (780) 485-1259.



Employees:



We do not employ any employees at this time. Our three members of our management team are working for free and without fees until we become financially able to pay salaries. At present, we have one programmer that works on the software database solutions and 2 members of our management team who pursues potential consulting agreements in the biometric industry.  We may employ additional people as we continue to implement our plan of operation. Our employees are not covered by a collective bargaining agreement, and we believe that our relationship with our employees is satisfactory.



ITEM 2. DESCRIPTION OF PROPERTY



We currently use approximately 800 square feet of office space and lab area at 8717-53 Avenue, 2ndFloor Edmonton, Alberta, Canada. This area is under a lease agreement of 1 year and expire on March 31, 2006. Our lease payments are up to date and in good standing at present.



ITEM 3. LEGAL PROCEEDINGS



To the best of our knowledge, there are no known or pending litigation proceedings against us.



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



None.







PART II



ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS



On March 8, 2006, there were 67 shareholders of record of the Companys common stock. The Companys common stock is currently not available for trading on any nationally recognized exchange.



Dividends:



The Company intends to retain future earnings to support the Companys growth. Any payment of cash dividends in the future will be dependent upon: the amount of funds legally available therefore; the Companys earnings; financial condition; capital requirements; and other factors which the Board of Directors deems relevant.



ITEM 6. MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION



The following plan of operation provides information which management believes is relevant to an assessment and understanding of our results of operations and financial condition. The discussion should be read along with our consolidated financial statements and notes thereto. We are a development stage company and since we have not generated any revenue, we intend to report our plan of operation below.



The following discussion and analysis contains forward-looking statements, which involve risks and uncertainties. Our actual results may differ significantly from the results, expectations and plans discussed in these forward-looking statements.



Internet Presence:



Our Internet web site is located at http://www.futomic.com. The web site is designed to illustrate biometric security card features to potential clients.



We are in the early stages of developing a smart card software technology that is being designed for the security industry.



Smart Card Technology:



We are currently researching various possible products related to the biometric security industry. One possible product is a smart card that is made out of plastic and the size of a typical credit card. Smart card technologies in use today have a memory chip that stores information about the owner of the smart card. Certain smart cards also have a fingerprint scanner on the card that is used to verify the cards owner. Another product we are researching is a smart card reader that is secure against unwanted data mining. We anticipate pursuing development of biometric smart card technologies.





We are pursuing consulting agreements to government and large corporations in which the company would be paid fees based on hours and manpowered worked. To date we assisted in the preparation of a tender to the government of Qatar in which we would assist in advising on the implementation of a nation wide biometric smart card. To date we are not aware of being awarded any part of that tender.



Results of Operation



We did not have any operating income from inception through December 31, 2005. From inception through the year ended December 31, 2005, we recognized a net loss of $425,443. For the year ended December 31, 2005, we recognized a net loss of $87,059. Expenses for the year were comprised of costs mainly associated with travel, legal, accounting and office.



Liquidity and Capital Resources



At December 31, 2005, we had cash of $30,655. Therefore we have limited capital resources and will rely upon the issuance of common stock and additional capital contributions from shareholders to fund administrative expenses. In the event such efforts are unsuccessful, contingent plans have been arranged to provide that our current director is to fund required future filings under the 1934 Act, and existing shareholders have expressed an interest in additional funding if necessary to continue as a going concern.



We currently do not have enough cash to satisfy our minimum cash requirements for the next twelve months. As reflected in the accompanying financial statements, we are in the development stage with limited operations. This raises substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional capital based upon the companies desired plan of operation. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.



Plan of Operation



During the next twelve months, we intend to



The Company does not intend to use any employees, with the possible exception of part-time clerical assistance on an as-needed basis. Outside advisors or consultants will be used only if they can be obtained for minimal cost or on a deferred payment basis. Management is convinced that it will be able to operate in this manner and to continue its search for business opportunities during the next twelve months.



Critical Accounting Policies



Futomics financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (GAAP). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external



disclosures including information regarding contingencies, risk and financial condition. We believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.



Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact its financial condition and results of operations, Futomic views certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on Futomics consolidated financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.



ITEM 7. FINANCIAL STATEMENTS



The financial statements of the Company, together with the report of auditors, are as follows:







FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)



FINANCIAL STATEMENTS









AS OF DECEMBER 31, 2005 and 2004

























FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)



Financial Statements Table of Contents








FINANCIAL STATEMENTS
        Page #




Independent Registered Accountants Report
        F-1




Balance Sheet
        F-2




Statement of Operations and Retained Deficit
        F-3




Statement of Comprehensive Income
        F-4




Statement of Stockholders Equity
        F-5




Cash Flow Statement
        F-6




Notes to the Financial Statements
        F-7

















REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





To The Board of Directors

Futomic Industries, Inc.





We have audited the accompanying balance sheet of Futomic Industries, Inc. as of December 31, 2005 and 2004, and the related statement of operations, equity and cash flows for the twelve months then ending. These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audit.



We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.



In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Futomic Industries, Inc., as of December 31, 2005 and 2004, and the results of its operations and its cash flows for the twelve months then ending in conformity with U.S. generally accepted accounting principles.







Gately & Associates, LLC

Altamonte Springs, FL

February 12, 2006













F-1







FUTOMIC INDUSTRIES, INC.And Subsidiary(a development stage company)BALANCE SHEETSAs of December 31, 2005 and December 31, 2004ASSETSCURRENT ASSETS
        
        
        
        
        
        12/31/05
        
        
        12/31/2004Cash
        
        
        
        
        $
        30,665
        
        $
        114,741Total Current Assets
        
        
        
        30,665
        
        
        114,741FIXED ASSETSResearch Equipment
        
        
        
        0
        
        
        3,113Furniture & Fixtrures
        
        
        
        0
        
        
        3,775Computers & Software
        
        
        
        5,280
        
        
        7,496Less: Accumulated Depreciation
        
        
        (2,592)
        
        
        (2,120)Total Fixed Assets
        
        
        
        2,688
        
        
        12,264OTHER ASSETSDeposits
        
        
        
        
        
        1,070
        
        
        900Total Other Assets
        
        
        
        1,070
        
        
        900TOTAL ASSETS
        
        
        $
        34,423
        
        $
        127,905LIABILITIES AND STOCKHOLDERS EQUITYCURRENT LIABILITIESAccounts Payable
        
        
        $
        3,626
        
        $
        11,493Wages Payable
        
        
        
        
        18,711
        
        
        21,711Loans from stockholders
        
        
        
        95,942
        
        
        48,015Total Current Liabilities
        
        
        118,279
        
        
        81,219TOTAL LIABILITIES
        
        
        118,279
        
        
        81,219STOCKHOLDERS EQUITYPreferred Stock - Par value $0.0001;Authorized: 20,000,000None issues and outstanding
        
        
        -
        
        
        -Common Stock - Par value $0.0001;Authorized: 100,000,000Issued and Outstanding: 7,615,000 and 16,371,000
        
        762
        
        
        1,695Additional Paid-In Capital
        
        
        
        341,662
        
        
        383,937Foreign Currency translation adjustment
        
        
        (836)
        
        
        (561)Accumulated Deficit
        
        
        
        (425,443)
        
        
        (338,385)Total Stockholders Equity
        
        
        (83,856)
        
        
        46,686TOTAL LIABILITIES AND EQUITY
        $
        34,423
        
        $
        127,905The accompanying notes are an integral part of these financial statements.

F-2



FUTOMIC INDUSTRIES, INC.And Subsidiary(a development stage company)STATEMENT OF OPERATIONSFor the twelve months ending December 31, 2005,the twelve months ending December 31, 2004 andfrom inception (June 24, 2003) through December 31, 200512 MONTHS
        
        
        12 MONTHSENDING
        
        
        ENDING
        
        FROM12/31/2005
        
        
        12/31/2004
        
        INCEPTIONREVENUE
        
        
        
        
        $
        -
        
        $
        -
        $
        -COST OF SERVICES
        
        
        
        
        -
        
        
        -
        
        -GROSS PROFIT OR (LOSS)
        
        
        
        -
        
        
        -
        
        -GENERAL AND ADMINISTRATIVE EXPENSES
        
        
        81,817
        
        
        119,086
        
        245,637RESEARCH AND DEVELOPMENT COSTS
        
        
        3,152
        
        
        64,723
        
        176,327OPERATING INCOME (LOSS)
        
        
        
        (84,968)
        
        
        (183,809)
        
        (421,964)INTEREST INCOME
        
        
        
        
        
        6
        
        
        49
        
        44INTEREST EXPENSE
        
        
        
        
        2,096
        
        
        1,105
        
        3,523NET INCOME (LOSS)
        
        
        
        
        (87,059)
        
        
        (184,865)
        
        (425,443)ACCUMULATED DEFICIT, BEGINNING BALANCE
        
        
        (338,385)
        
        
        (153,520)
        
        -ACCUMULATED DEFICIT, ENDING BALANCE
        
        $
        (425,443)
        
        $
        (338,385)
        $
        (425,443)Earnings (loss) per share
        
        
        
        $
        (0.06)
        
        $
        (0.02)Weighted average number of common shares
        
        
        7,615,000
        
        
        16,427,250The accompanying notes are an integral part of these financial statements.

F-3



FUTOMIC INDUSTRIES, INC.And Subsidiary(a development stage company)STATEMENT OF COMPREHENSIVE INCOMEFor the twelve months ending December 31, 2005 and 200412 MONTHS
        
        
        12 MONTHSENDING
        
        
        ENDING12/31/05
        
        
        12/31/2004NET INCOME (LOSS)
        
        
        
        
        $      (87,059)
        
        
        $   (184,865)FOREIGN CURRENCY TRANSLATION ADJUSTMENTS
        
        (836)
        
        
        (561)COMPREHENSIVE INCOME
        
        
        
        $      (87,895)
        
        
        $   (185,426)The accompanying notes are an integral part of these financial statements.



F-4



FUTOMIC INDUSTRIES, INC.And Subsidiary(a development stage company)STATEMENT OF STOCKHOLDERS EQUITYFrom inception (June 24, 2003) through December 31, 2005FOREIGNADDITIONAL
        
        CURRENCYCOMMON
        
        PAID IN
        
        TRANSLATION
        
        ACCUM.
        
        TOTALSHARES
        
        STOCK
        
        CAPITAL
        
        ADJUSTMENT
        
        DEFICIT
        
        EQUITYEquity Balance Pre-Merger
        5,000,000
        $
        500
        $
        2,502
        $
        -
        $
        (4,502)
        $
        (1,500)Shares issued in exchangeof stock for acquisitionof subsidiary on August 15, 2003for $0.01 per share ona one-for-one exchange of11,371,000 common shares areas follows:Exchange for 5,000,000 shares
        
        
        
        
        (4,502)
        
        
        
        4,502
        
        -Adjustment to accumulateddeficit upon mergerStock issued for the purchase of
        10,000,000
        
        1,000
        
        102,582
        
        -
        
        -
        
        103,582research technology and appliedfor patents for a value of $0.01 pershare on July 7, 2003Stock issued for cash on
        
        1,250,000
        
        125
        
        12,375
        
        -
        
        -
        
        12,500July 3, 2003 for $0.01 per shareStock issued for cash on
        
        121,000
        
        12
        
        6,038
        
        -
        
        -
        
        6,050July 18, 2003 for $0.05 per shareForeign currency translation
        
        
        
        
        
        
        871
        
        
        
        871adjustmentNet Loss
        
        
        
        
        
        
        
        
        
        
        (153,520)
        
        (153,520)Total, December 31, 2003
        
        16,371,000
        
        1,637
        
        118,995
        
        871
        
        (153,520)
        
        (32,017)Foreign currency translation
        
        
        
        
        
        
        (1,432)
        
        
        
        (1,432)adjustmentStock issued for cash on
        
        75,000
        
        8
        
        14,992
        
        
        
        
        
        15,000March 15, 2004 for $0.20 per shareStock issued for cash on
        
        500,000
        
        50
        
        249,950
        
        
        
        
        
        250,000July 15, 2004 for $0.50 per shareNet Loss
        
        
        
        
        
        
        
        
        
        
        (184,865)
        
        (184,865)Total, December 31, 2004
        
        16,946,000
        
        1,695
        
        383,937
        
        (561)
        
        (338,385)
        
        46,686Foreign currency translation
        
        
        
        
        
        
        (275)
        
        
        
        (275)adjustmentPurchase of 9,331,000 shares of
        (9,331,000)
        
        (933)
        
        (42,275)
        
        
        
        
        
        (43,208)Treasury Stock on January 1,2005 with property and cashfor $0.005 per share and thenretiredNet Loss
        
        
        
        
        
        
        
        
        
        
        (87,059)
        
        (87,059)Total, December 31, 2005
        
        7,615,000
        $
        762
        $
        341,662
        $
        (836)
        $
        (425,443)
        $
        (83,856)The accompanying notes are an integral part of these financial statements.
F-5




FUTOMIC INDUSTRIES, INC.And Subsidiary(a development stage company)STATEMENTS OF CASH FLOWSFor the twelve months ending December 31, 2005 and 2004,from inception (June 24, 2003) through December 31, 200512 MONTHS
        
        
        12 MONTHSENDING
        
        
        ENDING
        
        FROMCASH FLOWS FROM OPERATING ACTIVITIES
        
        
        
        12/31/05
        
        
        12/31/2004
        
        INCEPTIONNet income (loss)
        
        
        
        
        
        $
        (87,059)
        
        $
        (184,865)
        $
        (425,443)Adjustment for stock acquisition exchange
        
        
        
        -
        
        
        -
        
        (1,500)Research costs acquired with stock
        
        
        
        -
        
        
        -
        
        103,582Foreign currency translation adjustment
        
        
        
        (275)
        
        
        (1,432)
        
        (836)Depreciation
        
        
        
        
        
        
        1,728
        
        
        1,827
        
        3,505(Increase) Decrease in Receivable - Selectrics
        
        
        
        -
        
        
        6,961
        
        -(Increase) Decrease in Employee Advance
        
        
        
        -
        
        
        1,837
        
        -(Increase) Decrease in Deposits
        
        
        
        
        (170)
        
        
        (900)
        
        (1,070)Increase (Decrease) in Accounts Payable
        
        
        
        (7,868)
        
        
        (3,507)
        
        3,625Increase (Decrease) in Accrued Interest
        
        
        
        2,095
        
        
        1,105
        
        3,200Increase (Decrease) in Wages Payable
        
        
        
        (3,000)
        
        
        21,711
        
        18,711Total adjustments to net income
        
        
        
        (7,490)
        
        
        27,602
        
        129,217Net cash provided by (used in) operating activities
        
        
        (94,549)
        
        
        (157,263)
        
        (296,226)CASH FLOWS FROM INVESTING ACTIVITIESCash paid for fixed assets
        
        
        
        
        
        -
        
        
        (13,896)
        
        (14,384)Net cash flows provided by (used in) investing activities
        
        -
        
        
        (13,896)
        
        (14,384)CASH FLOWS FROM FINANCING ACTIVITIESProceeds from loan from stockholder
        
        
        
        45,488
        
        
        20,159
        
        92,741Proceeds from stock issuance
        
        
        
        
        
        -
        
        
        265,000
        
        283,550Purchase of Treasury Stock
        
        
        
        
        
        (35,016)
        
        
        -
        
        (35,016)Net cash provided by (used in) financing activities
        
        
        10,472
        
        
        285,159
        
        341,275CASH RECONCILIATIONNet increase (decrease) in cash
        
        
        
        
        (84,077)
        
        
        114,000
        
        30,665Cash - beginning balance
        
        
        
        
        
        114,741
        
        
        741
        
        -CASH BALANCE - END OF PERIOD
        
        
        
        
        $
        30,665
        
        $
        114,741
        $
        30,665The accompanying notes are an integral part of these financial statements.

F-6



FUTOMIC INDUSTRIES INC.

And Subsidiary

(a development stage company)

FOOTNOTES TO THE FINANCIAL STATEMENTS





1.Summary of significant accounting policies:



Industry Futomic Industries Inc., (the Company), was incorporated in the state of New Jersey on April 6, 2000 and has adopted December 31 as its fiscal year end. On August 13, 2003, the Company filed an amendment to the Certificate of Incorporation to change the name of the Company from Segway VI Corp. to read as 3DLP International Inc. On April 19 2004, the Company filed and amendment to the Certificate of Incorporation to change the name of the Company from 3DLP International Inc. to read as Futomic Industries Inc. On August 15, 2003, the Company acquired in a common stock, one-for-one, share exchange Selectrics Corporation, (the Subsidiary), a company incorporated in the State of Delaware on June 24, 2003 which has adopted December 31 as its fiscal year end. The Subsidiary is an electronics hardware development company involved in the development of visual display
technologies. The Company is considered to be in the development stage (a development stage company) since it is devoting substantially all of its efforts to establishing new technology.



The Accounting Acquirer- Prior to this transaction, the Company was a non-operating corporation with nominal assets. The owners and management of the Selectrics Corporation, (the Subsidiary), a private operating company, have operating control of the Company as a result of the transaction. Therefore, this transaction is a capital transaction in substance, rather than a business combination. That is, the transaction is equivalent to the issuance of stock by a private company for the net monetary assets of the public corporation, accompanied by re-capitalization. The accounting is identical to that resulting from a reverse acquisition, except no goodwill or other intangible asset are recorded. Because Selectrics Corporation is essentially then treated as the acquirer for accounting purposes, the equity accounts are adjusted for the share exchange and carried forward. Prior accumulated
deficits of the Company are adjusted to additional paid in capital therefore carrying forward the accumulated deficit or earnings of Selectrics Corporation  As such, the financial statements for the periods prior to the merger are those of Selectrics Corporation.



Results of Operations, Liquidity, Capital Resources and Going Concern-The Companys financial statements have been presented on the basis that it is a going concern in the development stage, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company, a development stage company, is considered to be an ongoing entity. The Companys shareholders may fund, at their discretion, any shortfalls in the Companys cash flow on a day to day basis during the time period that the Company is in the development stage. The Company may also seek both private and public debt and/or equity funding during this time period.



F-7





Cash and Cash Equivalents- The Company considers cash on hand and amounts on deposit with financial institutions which have original maturities of three months or less to be cash and cash equivalents.



Basis of Accounting- The Companys financial statements are prepared in accordance with generally accepted accounting principles.



Research and Development costs- Research and Development costs are expensed as incurred in accordance with generally accepted accounting principles. Costs in association with the development of a patented technology when computer software is developed will be capitalized when technological feasibility is established in accordance with financial accounting standard No. 86



Income Taxes- The Company utilizes the asset and liability method to measure and record deferred income tax assets and liabilities. Deferred tax assets and liabilities reflect the future income tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. At this time, The Company has set up an allowance for deferred taxes as there is no company history to indicate the usage of deferred tax assets and liabilities.



Fair Value of Financial Instruments- The Companys financial instruments may include cash and cash equivalents, short-term investments, accounts receivable, accounts payable and liabilities to banks and shareholders. The carrying amount of long-term debt to banks approximates fair value based on interest rates that are currently available to The Company for issuance of debt with similar terms and remaining maturities. The carrying amounts of other financial instruments approximate their fair value because of short-term maturities.



Foreign Currency Translation Adjustments The Company applies Financial Accounting Standard No. 52, Foreign Currency Translation. The Company applies this standard for translation of foreign currency financial statements for the purposes of consolidation. This standard is also applied to accounting for and reporting foreign currency transactions.



Concentrations of Credit Risk- Financial instruments which potentially expose The Company to concentrations of credit risk consist principally of operating demand deposit accounts. The Companys policy is to place its operating demand deposit accounts with high credit quality financial institutions. At this time The Company has no deposits that are at risk.



2.Related Party Transactions:



Partners in the Companys securities law firm, Anslow and Jaclin, LLP, were the original incorporators of the Company and remain as shareholders in the Company. The firm continues to perform services for the Company.



F-8





From time-to-time shareholders advance the Company its working capital needs. The balance at December 31, 2005 and December 31, 2004 was $95,942 and $48,015, respectively. Interest is accrued on these loans at a rate of 3% on an annual basis.



On March 23, 2004, the Company entered into a purchase agreement with a stockholder. The agreement called for the purchase of a patent application for the amount of $50,000 which has been expensed in the financial statements as purchased research and development.



3.Accounts Receivable and Customer Deposits:



Accounts receivable and Customer deposits do not exist at this time and therefore have no allowances accounted for or disclosures made.



4.Use of Estimates:



Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Management has no reason to make estimates at this time.



5.Revenue and Cost Recognition:



The Company uses the accrual basis of accounting in accordance with generally accepted accounting principles for financial statement reporting.



6.Foreign Currency Translation Adjustments:



The Company operates a research and development facility in Canada. The Company uses Canadian currency to operate this facility and prepares financial statements for this facility in that currency. These statements have been translated in accordance with Generally Accepted Accounting Principles, FAS - 52. The translation adjustments our shown as part Stockholders Equity and do not effect the Companys revenue and expense. The Company had $(836) and $(561) in translation adjustments for the periods ending December 31, 2005 and 2004, respectively. Transaction gains and losses are shown as revenue or expense by the Company in the Statement of Operations. From inception the Company had no transaction gains or losses.



7.Accrued Expenses:



Accrued expenses consist of accrued legal, accounting and office costs during this stage of the business.



8.Operating and Capital Lease Agreements:



The Company has no agreements at this time.



F-9





9.Stockholders Equity:



PREFERRED STOCK:



The Company has authorized 20,000,000 shares of preferred stock at a par value of $0.0001, none of which have been issued and none are outstanding.



COMMON STOCK:



The Company has authorized 100,000,000 shares of Common Stock with a par value of $0.0001. The Company 7,615,000 common shares issued and outstanding.



On Jaunuary 1, 2005 the Company issued cash and other property to a shareholder for the return of 9,331,000 common shares to be held as treasury stock for a value of $43,208 or $.005 per share.



On July 23, 2004, the Company authorized the issuance of 500,000 Common Shares in the form of a private placement offering for $250,000, or $0.50 per share. The Companys management believes this offering to be exempt under the U.S. Securities Act of 1933.



On March 15, 2004, the Company issued for $15,000 cash 75,000 shares of common stock with a par value of $0.0001 and a per share value of $0.20.



On June 24, 2003, Selectrics Corporation, the Subsidiary, was incorporated in the State of Delaware. The Subsidiary has authorized 100,000,000 common shares of stock with no par value.



On July 7, 2003, the Subsidiary issued 10,000,000 shares of its Common Stock for the acquisition of technology and applied patent assignments for a value of $103,582, or $0.01 per share. The value of this transaction was expensed as research and development costs in accordance with generally accepted accounting principles.



On July 1, 2003, the Subsidiary authorized the issuance of 1,250,000 Common Shares of stock to be issued from the Subsidiarys treasury in the form of a private placement offering at a price of $0.01 per share. The Subsidiarys management believes this offering to be exempt under the U.S. Securities Act of 1933. On July 3, 2003, the Subsidiary issued 1,250,000 Common Shares of stock to four shareholders for a total of $12,500, or $0.01 per share.



On July 18, 2003, the Subsidiary authorized the issuance of 250,000 Common Shares of stock to be issued from the Subsidiarys treasury in the form of a private placement offering at a price of $0.05 per share. The Subsidiarys management believes this offering to be exempt under the U.S. Securities Act of 1933. During August of 2003, the Subsidiary issued 121,000 Common Shares of stock for a total of $6,050, or $0.05 per share.



F-10





On August 15, 2003, the Company authorized and approved the acquisition of Selectrics Corporation (the Subsidiary), a wholly owned subsidiary, in an exchange of 11,371,000 Common Shares, all of the outstanding shares of stock of the Subsidiary on a one-for-one basis with the Company for a value of $121,882, or $0.01 per share.



On August 15, 2003, the Subsidiary authorized and approved itself in becoming a wholly owned subsidiary of  the Company in an exchange of 11,371,000 Common Shares, all of the outstanding shares, of stock on a one-for-one basis with the Company for a value of $121,882, or $0.01 per share.



10.Required Cash Flow Disclosure for Interest and Taxes Paid:



The company has paid no cash amounts for federal income taxes and interest.



11.Earnings Per Share:



Basic earnings per share (EPS) is computed by dividing earnings available to common shareholders by the weighted-average number of common shares outstanding for the period as required by the Financial Accounting Standards Board (FASB) under Statement of Financial Accounting Standards (SFAS) No. 128, Earnings per Shares. Diluted EPS reflects the potential dilution of securities that could share in the earnings.



12.Litigation, Claims and Assessments:



From time to time in the normal course of business the Company may be involved in litigation. The Companys management has determined that there are no asserted or unasserted claims that they are aware of at this time.



14.Deferred Tax Assets and Liabilities:



The Company, currently a C-Corporation, accounts for income taxes in accordance with Statements on Financial Accounting Standards 109. As of December 31, 2005 and December 31, 2004, the Company had a deferred tax asset in the amount of approximately $65,000 and $50,458, respectively, that is derived from a net operating tax loss carryforward of $425,443, $338,385, respectively. The deferred tax assets will expire during the years 2025, 2024 and 2023 if not used to offset taxable income. There is uncertainty about whether the Company will be in a position of using these tax assets therefore an allowance has been set up to offset these assets.



F-11














ITEM 8.                 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE



None.



ITEM 8A. CONTROLS AND PROCEDURES



Evaluation of disclosure controls and procedures



Our principal executive officer and principal financial officer evaluated our disclosure controls and procedures (as defined in rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of a date within 90 days before the filing of this annual report (the Evaluation Date). Based on that evaluation, our principal executive officer and principal financial officer concluded that, as of the Evaluation Date, the disclosure controls and procedures in place were adequate to ensure that information required to be disclosed by us, including our consolidated subsidiaries, in reports that we file or submit under the Exchange Act, is: (i) recorded, processed, summarized and reported on a timely basis in accordance with applicable rules and regulations. Although our principal executive officer and principal financial officer believes our existing disclosure controls and procedures are
adequate to enable us to comply with our disclosure obligations, we intend to formalize and document the procedures already in place and establish a disclosure committee.; (ii) accumulated and communicated to our management, including our principal executive officer and principal financial officer and other persons that perform similar functions, if any, to allow us to make timely decisions regarding required disclosure in our periodic filings.



Changes in internal controls



We have not made any changes to our internal controls subsequent to the Evaluation Date. We have not identified any deficiencies or material weaknesses or other factors that could affect these controls, and therefore, no corrective action was taken.





PART III



ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS: COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT



The directors and officers of the Company and its subsidiaries, as of March 8, 2006, are set forth below. The directors hold office for their respective term and until their successors are duly elected and qualified. Vacancies in the existing Board are filled by a majority vote of the remaining directors. The officers serve at the will of the Board of Directors.




Name
        Age
        Director/Position
        SinceFrancisco Schipperheijn
        41
        President/CEO/Director
        8/15/2003Christopher Asimakopolous
        71
        VP Of International Relations
        6/01/2004Nan Liu
        39
        VP Of Asian Relations
        8/15/2003

FRANCISCO SCHIPPERHEIJN



Mr. Francisco Schipperheijn serves as one of our Directors and is our CEO. He has experience in Technology development from when he developed a UNIX based POS distribution software system that included the development of a music database called Multimedia Service Brokers Database (MSBD) representing the US, Canadian, Australian, German, UK and Japanese major and Independent Record labels.



In 1999, Mr. Francisco Schipperheijn founded Internet Service Brokers, Inc., a company that designed custom web sites, and built Canadas first online backup utility Backup 2000, later renamed Backup Manager. He also founded and currently works with CBN21.com, an Internet traffic and transaction hub that ports Internet content on 600 domains. Mr. Schipperheijn, at this time, serves approximately 40 hours per week.



Mr. Schipperheijn is involved in the Consumer Broadcast Network as its sole Director. Consumer Broadcast Network is a collection of internet domains that are not online.



MR. NAN LIU



Mr. Nan Liu serves as our Vice President of Asian Relations. Mr. Liu is an Electronic Engineer, graduating from University in the mainland of China in 1978. He immigrated to Canada and was the lead engineer with Tetratel Inc, where he was in charge of the electronic design and manufacturing of the EyeFX 3D computer and television systems.



Mr. Liu has over 10 years of experience in electronic design, prototyping, engineering, and manufacturing within the electronics fields, and 6 years of experience specifically in 3D technologies. From May of 1998, Mr. Liu worked with LED Smart Inc., a custom electronics design firm. He also worked with Tetratel as a contractor for LED for projects with Tetratel Inc.



on 3D electronics. He was hired by Tetratel as Chief Electronics Engineer in 1999 where he worked until late 2002, when he was hired by 11 Engineering Ltd as an electronics engineer.  In 2004, Mr. Liu relocated to Beijing, China and has the position of Vice President of Asian Relations for the Company.



Mr. Christopher Asimakopoulos:



Mr. Christopher Asimakopoulos serves as our Vice President of International Business Affairs since 2004. He assists the company in creating relationships with prospective buyers of our products or services. Mr. Asimakopoulos has developed opportunities on both domestic and worldwide levels. During his last forty years, he has maintained an ongoing connection with Government officials, corporate and individuals. He has also assisted companies in developing and marketing their products through his channels. He is also a principal in Arcadia Global Group Trading and Funding.



Directors Obligations:



All directors listed above will remain in office until the next annual meeting of our stockholders, and until their successors have been duly elected and qualified. There are no agreements with respect to the election of Directors. We have not compensated our Directors for service on our Board of Directors, any committee thereof, or reimbursed for expenses incurred for attendance at meetings of our Board of Directors and/or any committee of our Board of Directors. Officers are appointed annually by our Board of Directors and each Executive Officer serves at the discretion of our Board of Directors.



We do not have any standing committees. Our Board of Directors may in the future determine to pay Directors fees and reimburse Directors for expenses related to their activities.



None of our Officers and/or Directors have filed any bankruptcy petition, been convicted of or been the subject of any criminal proceedings or the subject of any order, judgment or decree involving the violation of any state or federal securities laws within the past five (5) years.



Certain Legal Proceedings:



No director, nominee for director, or executive officer of the Company has appeared as a party in any legal proceeding material to an evaluation of his ability or integrity during the past five years.



Compliance With Section 16(A) Of The Exchange Act



We have not filed a Form 5 for the year ending December 31, 2005.



Code Of Ethics



The company has adopted a Code of Ethics applicable to its Chief Executive Officer and Chief Financial Officer. This Code of Ethics is filed herewith as an exhibit.





ITEM 10. EXECUTIVE COMPENSATION



The following information relates to compensation received by the Chief Executive Officer of the Company in fiscal years ending December 31, 2005 and 2004, to executive officers who were serving as of the fiscal year ending December 31, 2005 and 2004, whose salary and bonus during fiscal year ending December 31, 2004 exceeded $100,000. In 2005 and 2004, no officer received compensation in excess of $100,000.



Summary Compensation Table


Annual Compensation
        Long-Term CompensationName and Principal Position
        FiscalYear
        OtherSalary
        AnnualBonus
        Stock Compensation
        Restricted Underlying Award(s)
        SecuritiesOptions(no. of Shares)
        All otherCompensationFrancisco Schipperheijn
        2005
        $3,160
        -0-
        -0-
        -0-
        -0-
        -0-President CEO andDirector
        2004
        $97,000
        -0-
        -0-
        -0-
        -0-
        -0-Nan Liu
        2005
        $0
        -0-
        -0-
        -0-
        -0-
        -0-VP
        2004
        $32,000
        -0-
        -0-
        -0-
        -0-
        -0-Christopher Asimakopoulos
        2005
        $0
        -0-
        -0-
        -0-
        -0-
        -0-VP
        2004
        $32,000
        -0-
        -0-
        -0-
        -0-
        -0-Ken Tetterington
        2005
        
        -0-
        -0-
        -0-
        -0-
        -0-Former President and
Director
        2004
        $97,000
        -0-
        -0-
        -0-
        -0-
        -0-



ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.



The following table sets forth as of March 8, 2006, information with respect to the beneficial ownership of the Companys Common Stock by (i) each person known by the Company to own beneficially 5% or more of such stock, (ii) each Director of the Company who owns any Common Stock, and (iii) all Directors and Officers as a group, together with their percentage of beneficial holdings of the outstanding shares.




NAME AND ADDRESS OFBENEFICIAL OWNER (1)
        AMOUNT AND NATURE OF BENEFICIAL OWNERSHIP
        PERCENT OFOUTSTANDINGSHARES5% STOCKHOLDERSFrancisco Schipperheijn
        5,666,000
        74.41%613 Cricket Court,Edmonton, Alberta,T6C 1A2Officers and Directors
        5,666,000
        74.41%as a Group





(1) Under the rules of the SEC, a person is deemed to be the beneficial owner of a security if such person has or shares the power to vote or direct the voting of such security or the power to dispose or direct the disposition of such security. A person is also deemed to be a beneficial owner of any securities if that person has the right to acquire beneficial ownership within 60 days of the date hereof. Unless otherwise indicated by footnote, the named entities or individuals have sole voting and investment power with respect to the shares of common stock beneficially owned.



(2) This table is based upon information obtained from our stock records. Unless otherwise indicated in the footnotes to the above table and subject to community property laws where applicable, we believe that each shareholder named in the above table has sole or shared voting and investment power with respect to the shares indicated as beneficially owned.



ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.



On June 20, 2005, we sold our video game technologies to SplitFish Gameware Inc. of Edmonton, Canada, a company owned by Mr. Ken Tetterington who was formerly our principal shareholder, officer and director. This sale was undertaken by us so that we can focus entirely on our biometric security technologies.



Pursuant to the agreement, Mr. Tetterington returned 9,311,000 of his shares back us and resigned as our officer and director. Such shares represented all of our shares of common stock held by Mr. Tetterington.



Item 13. Exhibits and Reports on Form 8-K:



(a)  The following documents are filed as part of this report:




1.
        Financial statements; see index to financial statement and schedules inItem 7 herein.


2.
        Financial statement schedules; see index to financial statements andschedules in Item 7 herein.

The following exhibits are filed with this Form 10-KSB and are identified by the numbers indicated: see index to exhibits immediately following financial statements and schedules of this report.




3.1
        Certificate of Incorporation of Futomic Industries, Inc. andAmendments (1)


3.2
        By-laws of Futomic Industries, Inc. (1)


10.1
        Agreement between 3DLP International, Inc. and Selectrics Corp.(1)

(1)  Incorporated by reference to the Registrants Form SB-2, filed on September 18, 2003.





(b)
        Reports on Form 8-K.


On June 21, 2005, the Company filed an 8K based on agreement with the SplitfishGameware, Inc.

ITEM 14. Principal Accountant Fees and Services:



Audit Fees



For the Company's fiscal year ended December 31, 2005 and 2004, we were billed
approximately $3,250 and $4,050, respectively, for professional services
rendered for the audit of our financial statements. We also were billed
approximately $0 and $0 for the review of financial statements included in our
periodic and other reports filed with the Securities and Exchange Commission for
our year ended December 31, 2005 and 2004.



Tax Fees



For the Companys fiscal year ended December 31, 2005 and 2004, we did not incur and fees for professional services rendered for tax compliance, tax advice, and tax planning.



All Other Fees



The Company did not incur any other fees related to services rendered by our principal accountant for the fiscal year ended December 31, 2005 and 2004.



SIGNATURES



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




Futomic Industries, Inc.


By:/s/  Francisco SchipperheijnFRANCISCO SCHIPPERHEIJNPRESIDENT, CHIEF FINANCIAL OFFICER,SECRETARY

Dated: March 8, 2006