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

                                   FORM 10-KSB

                Annual Report Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934

                        FOR THE YEAR ENDED MARCH 31, 2005

                         Commission File Number 0-23737

                           CLICKABLE ENTERPRISES, INC.
                 (Name of Small Business Issuer in Its Charter)

                   DELAWARE                          82-0290939
                   --------                          ----------
         (State or other jurisdiction of          (I.R.S. Employer
          incorporation or organization)         Identification No.)

                711 SOUTH COLUMBUS AVENUE, MOUNT VERNON, NY 10550
               (Address of principal executive offices) (Zip Code)

                                 (914) 699-5190
                           (Issuer's telephone number)

         SECURITIES REGISTERED UNDER SECTION 12(B) OF THE EXCHANGE ACT:

                            TITLE OF EACH CLASS: NONE

      SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE EXCHANGE ACT:

          COMMON STOCK, $.001 PAR VALUE, 500,000,000 SHARES AUTHORIZED

Check  whether  the issuer  (1) has filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act of 1934  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
Yes [X] No[ ]

Check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation
S-K  is not  contained  herein,  and  will  not be  contained,  to the  best  of
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. [ ]

State issuer's revenues for its most recent fiscal year: $2,442,466

The  aggregate  market value as of July 5, 2005 of the voting common equity held
by non-affiliates is $9,035,619.
<PAGE>

                         ISSUERS INVOLVED IN BANKRUPTCY
                     PROCEEDINGS DURING THE PAST FIVE YEARS

Indicate by checkmark whether the Registrant has filed all documents and reports
to be filed by Section 12, 13 or 15(d) of the  Securities  Exchange  Act of 1934
subsequent to the distribution of securities under a plan confirmed by a court.

                                YES ____ NO ____

                    APPLICABLE ONLY TO CORPORATE REGISTRANTS

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common equity, as of the latest practicable date. As of July 5, 2005, there were
75,296,826 shares of the Company's $.001 Common Stock issued and outstanding.

This  Form  10-KSB  contains   "forward-looking   statements"  relating  to  the
Registrant  which  represent the  Registrant's  current  expectations or beliefs
including,  but not limited to, statements concerning  Registrant's  operations,
performance,  financial  condition and growth.  For this purpose,  any statement
contained in this Form 10-KSB that are not  statements  of  historical  fact are
forward-looking  statements.  Without  limiting the generality of the foregoing,
words  such  as  "may",   "anticipation",   "intend",  "could",  "estimate",  or
"continue"  or the  negative or other  comparable  terminology  are  intended to
identify  forward-looking  statements.  These statements by their nature involve
substantial  risks and  uncertainties,  such as  credit  losses,  dependence  on
management and key personnel and  variability of quarterly  results,  ability of
Registrant to continue its growth strategy and competition, certain of which are
beyond  the  Registrant's  control.  Should  one  or  more  of  these  risks  or
uncertainties  materialize or should the underlying assumptions prove incorrect,
actual outcomes and results could differ  materially from those indicated in the
forward-looking statements.


                                       i
<PAGE>

                           CLICKABLE ENTERPRISES, INC.
                                TABLE OF CONTENTS

                                                                         PAGE(S)
PART I

    Item 1.  Description of Business                                      1-4

    Item 2.  Description of Property                                      4

    Item 3.  Legal Proceedings                                            4

    Item 4.  Submission of Matters to a Vote of Security Holders          5

PART II

    Item 5.  Market for Common Equity and Related Stockholder Matters
             and Small Business Issuer Purchases of Equity Securities     6-7

    Item 6.  Management's Discussion and Analysis or Plan of Operation    7-16

    Item 7.  Financial Statements                                         16

    Item 8.  Changes in and Disagreements with Accountants on
             Accounting and Financial Disclosure                          17

    Item 8A. Controls and Procedures                                      17

    Item 8B. Other Information                                            17

PART III

    Item 9.  Directors, Executive Officers, Promoters and Control
             Persons; Compliance with Section 16(a) of the Exchange Act   18-19

    Item 10. Executive Compensation                                       19-20

    Item 11. Security Ownership of Certain Beneficial Owners and
             Management and Related Stockholder Matters                   20-22

    Item 12. Certain Relationships and Related Transactions               21

    Item 13. Exhibits                                                     22-23

    Item 14. Principal Accounting Fees and Services                       24

CLICKABLE ENTERPRISES, INC. AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2005 AND 2004           F1-F16


                                       ii
<PAGE>

PART I

ITEM 1. DESCRIPTION OF BUSINESS

RECENT COMPANY HISTORY

Clickable Enterprises,  Inc. (formerly Achievement Tec Holdings,  Inc.), through
its  wholly  owned  subsidiary   ClickableOil.com,   Inc.   ("ClickableOil.com")
(incorporated in the State of Delaware on April 4, 2000),  provides a relatively
low cost and  efficient  means of  servicing  the heating oil market  through an
Internet  based  approach.  Clickable  Enterprises,  Inc. and  ClickableOil.com,
(collectively,  the "Company")  streamlines  the process of heating oil ordering
and  delivering  through  providing a more  accessible  point of contact for the
customer.  The Company subcontracts with local delivery companies to deliver the
heating oil to its customers.

On June 6, 2003,  Achievement  Tec Holdings,  Inc., a publicly  traded  Delaware
corporation  (incorporated on April 26, 2000) entered into an Agreement and Plan
of Merger  with  ClickableOil  Acquisition  Corp.,  a Delaware  corporation  and
wholly-owned subsidiary of Achievement Tec Holdings, Inc., that was incorporated
for the sole  purpose  of  acquiring  ClickableOil.com.  Under  the terms of the
agreement,  Clickable Oil Acquisition Corp.  acquired all of the common stock of
ClickableOil.com   in  exchange  for  the  issuance  of  43  million  shares  of
Achievement Tec Holding, Inc.'s common stock to the holders of ClickableOil.com.
At the time of the merger agreement there were 10,320,039  shares of Achievement
Tech Holdings, Inc. outstanding.

On June 6, 2003, Achievement Tec Holdings Inc. also executed a Purchase and Sale
Agreement with former  directors and officers  providing for the sale to them of
100% of the stock in Achievement  Tec, Inc. and Career  Direction,  Inc., at the
time  wholly-owned  subsidiaries of Achievement Tec Holdings,  Inc., in exchange
for the 6,428,073  shares of Achievement  Tec Holdings,  Inc.  common stock that
they collectively  owned.  These shares were subsequently  retired.  In December
2003,  an amendment to the  certificate  of  incorporation  of  Achievement  Tec
Holdings, Inc. changed its name from Achievement Tec Holdings, Inc. to Clickable
Enterprises,  Inc.  ClickableOil.com  survives as a wholly owned  subsidiary  of
Clickable Enterprises,  Inc., engaged in the business of selling heating oil and
related services.

Generally accepted accounting principles in the United States of America require
that the company  whose  shareholders  retain a majority  interest in a business
combination be treated as the acquirer for accounting purposes. ClickableOil.com
is  the  accounting  acquirer.  As a  result,  the  exchange  was  treated  as a
recapitalization  and Clickable  Enterprises,  Inc.  (formerly  Achievement  Tec
Holdings,  Inc.)  adopted  the  March 31  fiscal  year end of  ClickableOil.com.
Accordingly,  the accompanying  consolidated  financial  statements  include the
following:

      1.    The balance sheet as of March 31, 2004 consists of the net assets of
            the accounting acquirer at historical cost and the net assets of the
            legal acquirer at historical cost from the date of acquisition.

      2.    The   statements  of  operations   include  the  operations  of  the
            accounting  acquirer for the periods  presented  and the  operations
            (consisting  principally of interest  expense) of the legal acquirer
            from the date of the merger.

OUR BUSINESS

Through our wholly owned  subsidiary  ClickableOil.com,  Inc.,  we are currently
engaged in the business of providing  heating oil to residential  and commercial
customers.  We are  one of  the  first  Internet-based  heating  oil  companies,
replacing  much of the  administrative  functions  and expenses with a Web-based
infrastructure.  We are currently focused on the New York  metropolitan  region,
where our management has extensive  experience and expertise.  ClickableOil.com,
Inc. began operations on October 12, 2000, and currently has approximately 3,400
customers, while retaining nearly 95% of customers.

Unlike its industry  competitors,  ClickableOil.com,  Inc. is unburdened with an
expensive  infrastructure  of tangible  assets.  We currently do not, nor are we
expected to own barges,  trucks or storage  facilities.  Our principal operating
assets  will  be  proprietary  software,  attendant  computer  hardware  and the
possible  inventory of heating oil in some markets.  We are unburdened  with the
substantial  costs that are often associated with intangible assets arising from
the purchase of customers of acquired  businesses.  We do not intend to purchase
customer lists and relationships unless doing so is (a) justified  strategically
in terms of  territorial  expansion and (b) cost  effective in  comparison  with
acquiring customers through marketing and selling activities.  In February 2005,
we purchased a customer list from a heating oil  distributor at terms  favorable
to us.


                                       1
<PAGE>

We also  provide  service  installation  and  repair of heating  equipment  as a
service  to our  customers,  which we  consider  to be a  necessary  part of our
business.  We provide home heating equipment repair service on a 24 hours a day,
seven days-a-week basis in most of our delivery regions.  We contract with local
third parties to provide such services,  which we believe would be  unprofitable
to offer ourselves.

We believe  that we obtain new  customers  and  maintain  existing  customers by
offering full service home energy products at discount  prices,  providing quick
repair  operations,  providing  automatic  deliveries to customers by monitoring
historical  use and weather  patterns,  and by providing  customers a variety of
payment and fixed price purchase options.

OPERATIONS

Our retail fuel oil distribution business is conducted through ClickableOil.com,
Inc. We serve both residential and commercial fuel oil accounts. We sell quality
home heating oil to our residential and commercial  customers  offering delivery
seven days a week. We also contract with various third parties to provide an oil
burner service that is available 24 hours a day for the maintenance, repair, and
installation of oil burners. These services are performed on an as needed basis.
Heating oil customers are not required to enter into service contracts; however,
we do offer such service contracts if desired.

Approximately 50% of our customers receive their home heating oil pursuant to an
automatic  delivery  system  without the customer  having to make an affirmative
purchase  decision.  These  deliveries are scheduled by computer,  based on each
customer's  historical  consumption  patterns and prevailing weather conditions.
Customers  can also order  deliveries  of home  heating oil through our web site
located at www.clickableoil.com. We deliver home heating oil approximately seven
times each year to the average  customer.  We have credit cards on file for most
automatic  customers  and charge  them  promptly  upon  delivery,  or we receive
payment upon  delivery.  Our  customers can pay for fuel  deliveries  with cash,
check or credit card or budget plan.  We offer both fixed price plans for one or
two years or variable price deals that fluctuate with the market.  Approximately
30% of our customers are on a fixed price plan.

We contract  with third party  owner-operator  fuel oil companies to deliver our
fuel with their delivery trucks within 48 to 72 hours after orders are received.
Additionally,  all  automatic  customer  deliveries  are  scheduled and given to
truckers  at least 7 days in  advance  (earlier  if bad  weather  is  forecast).
Truckers  generally make  deliveries in accordance  with their existing  routes,
allowing  sufficient  time  to  make  deliveries  even  during  extreme  weather
conditions.  Through-put  agreements  permit us to store inventory at a terminal
and pay a fee to load our  inventory  out by truck as  needed.  This  lowers our
operating  costs as we do not have idle fleet costs in the warm weather  months.
The fuel trucks have fuel capacities  ranging from 2,800 to 5,500 gallons.  Each
vehicle is assigned to a specific  delivery route,  and services between fifteen
and fifty customer  locations per day depending on market density and customers'
fuel requirements.

SUPPLIERS

We purchase fuel from various  suppliers both "spot" and  "contract",  with both
fixed price and variable  price  agreements.  We also have  several  throughput/
storage  agreements  where the Company  utilizes a third party terminal to store
our product for a per gallon fee.  During the fiscal  years ended March 31, 2005
and 2004,  the Company  purchased  heating oil for resale from NRG Heat & Power,
LLC ("NRG") and Flaw,  Inc.  ("Flaw")  in the amount of $549,701  and  $295,983,
respectively,  or approximately 26% and 25%, respectively,  of total heating oil
purchased.  NRG and Flaw are owned and  managed by Messrs.  Cirillo  and Pipolo,
both of whom are directors and officers of the Company.


                                       2
<PAGE>

ENVIRONMENTAL CONSIDERATIONS AND REGULATION

We have  implemented  environmental  programs  and  policies  designed  to avoid
potential  liability under applicable  environmental  laws. We have not incurred
any significant environmental compliance cost, and compliance with environmental
regulations  has  not  had a  material  effect  on our  operating  or  financial
condition.  This is primarily due to our general policies of closely  monitoring
compliance  with  all  environmental  laws.  In the  future,  we do  not  expect
environmental  compliance to have a material  effect on operations and financial
condition. Our policy for determining the timing and amount of any environmental
cost is to  reflect  an  expense  as and  when  the cost  becomes  probable  and
reasonably capable of estimation.

EMPLOYEES

As of March 31, 2005, the total number of our employees was seven,  of which six
were full-time employees.

RETAIL HEATING OIL INDUSTRY

Our business is highly competitive.  In addition to competition from alternative
energy sources, we compete with distributors  offering a broad range of services
and prices,  from full  service  distributors  similar to us, to those  offering
delivery only. Competition with other companies in the home heating oil industry
is  based  primarily  on  customer  service  and  price.  Longstanding  customer
relationships  are  typical  in the  retail  home  heating  oil  industry.  Many
companies in the  industry,  including  the  Company,  deliver fuel oil to their
customers  based upon weather  conditions  and historical  consumption  patterns
without the customers having to make an affirmative  purchase decision each time
fuel oil is needed. In addition, most companies,  including the Company, provide
equipment repair service on a 24 hour-a-day basis, which tends to build customer
loyalty.  As a result,  the Company may  experience  difficulty in acquiring new
retail customers due to existing  relationships  between potential customers and
other fuel oil distributors.

Distillate  fuel oil in the United States  involves two products:  i) low-sulfur
distillate,   which  is  used  for  vehicle  transportation  fuel;  and  ii)  #2
high-sulfur  distillate,  which is used for space  heating  in  residential  and
commercial  sectors,  also known as home  heating  oil.  The United  States' two
sources of home  heating oil are  domestic  refineries  and imports from foreign
countries.   The  home  heating  oil  industry,   at  least  from  a  consumer's
perspective, has been the only alternative for millions of consumers. Homes have
to be  heated,  and  with  electricity  being so  costly  and gas  being  either
unavailable or more  expensive than home heating oil, the only remaining  option
to heat a home is through the  delivery of home heating oil. The same holds true
for commercial  operations,  despite various efficiencies and price decreases in
the  industry in general.  Home  heating oil  continues to be sold in large part
throughout  the Northeast for full price and delivered  door to door somewhat as
coal was in former days.  Retail price  inflexibility is all the more remarkable
given that most retail  sellers of home  heating oil rarely do more than deliver
oil.  Home heating oil  retailers do not search for oil, nor are they engaged in
refining heating oil.  Similarly,  most retail home heating oil companies do not
own the storage  tanks that hold the oil  delivered to the home and often do not
even own the oil  actually  supplied  to the home prior to loading the truck and
its delivery.  Nonetheless,  the pricing of home heating oil from the consumer's
perspective  is fairly  inelastic:  when home  heating oil prices  rise,  retail
sellers increase their prices, but when prices decline,  only a small portion of
the price savings is passed on to the consumer.

Home heating oil prices paid by consumers are determined by:

      o     the cost of crude oil;

      o     the cost of producing, marketing and distributing the oil;

      o     the profits and losses of refiners, wholesalers and dealers; and

      o     supply/demand equation often influenced by weather.

Heating oil prices paid by consumers can fluctuate over time due to a variety of
factors including:

SEASONALITY  IN THE  DEMAND  FOR HOME  HEATING  OIL.  When  crude oil prices are
stable,  heating oil prices  tend to rise  gradually  in the winter  months when
demand is highest.  A homeowner in the Northeast may use 650 to 1,000 gallons of
home heating oil during a typical winter, while consuming very little during the
rest of the year.  However,  prices can surge  quickly to very high  levels when
there is a rapid change to colder weather, which impacts both supply and demand.
Consumers  want more  heating  oil at the same time that  harbors and rivers are
frozen or delivery  systems are interrupted by weather  conditions.  During this
time,  the  available  home heating oil in storage is used faster than it can be
replenished.


                                       3
<PAGE>

CHANGES IN THE COST OF CRUDE OIL.  Crude oil prices are  determined by worldwide
supply and demand.  Demand can vary worldwide depending on the economy,  weather
and political  instability in oil producing countries.  Supply can be influenced
by the Organization of Petroleum Exporting  Countries ("OPEC"),  other petroleum
exporting  countries,  and  other  factors.  Since  crude  oil is a major  price
component of home heating oil,  changes in the price of crude oil will generally
affect the price of heating oil (residential and commercial).

COMPETITION IN LOCAL MARKETS. Competitive differences can be substantial between
a locality  with only one or few  suppliers or  retailers  versus an area with a
large number of  competitors.  Consumers in remote or rural  locations  may face
higher heating oil prices because there are fewer competitors.

REGIONAL  OPERATING  COSTS.   Prices  also  are  impacted  by  higher  costs  of
transporting  heating oil to and from wholesale  locations.  In addition,  other
costs of doing business with retailers can vary  substantially  depending on the
area of the country in which the dealer is located. Such costs include wages and
salaries, benefits, equipment,  lease/rent,  insurance,  overhead, and state and
local fees.

ITEM 2. DESCRIPTION OF PROPERTY

Our offices are located at 711 South  Columbus  Avenue,  Mount Vernon,  New York
10550.  Under the lease for the Mount Vernon office,  which commenced on June 1,
2003 for a lease  term of two  years,  remaining  monthly  rent is  $1,470.  The
minimum lease payment for the remaining  life of the lease is $2,940.  Following
the lease  termination on June 1, 2005, we began paying rent on a month to month
basis and commenced negotiations for a new lease.

ITEM 3. LEGAL PROCEEDINGS

The following provides a summary of material litigation to which we are a party:

In a lawsuit,  the  plaintiffs  brought suit against the Company for  negligence
alleging  failure to exercise due care in handling fuel oil. The case involves a
misdelivery  of home heating oil to the  plaintiff's  residence  that had a fuel
pipe but no tank. The lawsuit was submitted to the Company's  insurance  carrier
who had the damage cleaned up. The insurance carrier is attempting to settle the
case. The insurance  coverage appears adequate and,  accordingly,  no additional
liability has been accrued.

On June 6, 2003, we executed a Purchase and Sale Agreement by and between us and
Milton  Cotter,  Eric  Cotter,  Richard  Berman and other former  officers  (the
"Buyers")  providing for the sale of 100% of the stock in  Achievement  TEC, Inc
and Career  Direction,  Inc.,  the  above-referenced  defendants.  In connection
therewith,  the Buyers have agreed to indemnify us for any liabilities  that may
arise from the above-referenced litigation matters.

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

None.


                                       4
<PAGE>

PART II

ITEM 5. MARKET FOR COMMON EQUITY,  RELATED  STOCKHOLDER MATTERS AND SMALL ISSUER
PURCHASES OF EQUITY SECURITIES

Our common stock is traded in the  over-the-counter  market and  quotations  are
published on the OTC Bulletin Board ("Bulletin  Board") under the symbol "CKEI".
As of July 5, 2005, there were approximately 403 shareholders of record based on
transfer  agent  reports,   which  figure  does  not  take  into  account  those
shareholders  whose  certificates  are held in the name of  broker-dealers.  The
closing  price of the common  stock on the  Bulletin  Board on July 5, 2005 was
$.12.  As of July 5, 2005,  75,296,826  shares of common  stock were  issued and
outstanding,  of which 9,977,366 were unrestricted  shares with the remainder of
65,319,460 being restricted shares.

The common stock  commenced  trading on the Bulletin Board on November 29, 2000.
Set forth below are the high and low sales prices for shares of the common stock
for the last two fiscal years:

                   2003-2004              HIGH            LOW
                   ---------              ----            ---

                   First Quarter          $0.05           $0.05
                   Second Quarter         $0.05           $0.05
                   Third Quarter          $0.05           $0.05
                   Fourth Quarter         $0.05           $0.05

                   2004-2005
                   ---------

                   First Quarter          $0.05           $0.05
                   Second Quarter         $0.05           $0.05
                   Third Quarter          $0.05           $0.05
                   Fourth Quarter         $0.75           $0.05

The above  quotations  reflect  inter-dealer  prices,  without  retail  mark-up,
mark-down or commission and may not represent actual transactions.

The ability of an individual  shareholder  to trade their shares in a particular
state may be subject to various rules and regulations of that state. A number of
states  require  that an issuer's  securities  be  registered  in their state or
appropriately  exempted from registration before the securities are permitted to
trade in that  state.  Presently,  the  Company  has no plans  to  register  its
securities in any particular  state.  Further,  most likely the Company's shares
will be  subject  to the  provisions  of  Section  15(g)  and Rule  15g-9 of the
Securities  Exchange Act of 1934,  as amended  (the  "Exchange  Act"),  commonly
referred  to as the  "penny  stock"  rule.  Section  15(g)  sets  forth  certain
requirements for transactions in penny stocks and Rule 15g-9(d)(1)  incorporates
the definition of penny stock as that used in Rule 3a51-1 of the Exchange Act.

DIVIDEND POLICY

We did not pay any dividends during the 2005 fiscal year and have never paid any
dividends on our capital stock.  We currently  expect that we will retain future
earnings  for use in the  operation  and  expansion  of our  business and do not
anticipate paying any cash dividends in the foreseeable  future. Any decision on
the future  payment of  dividends  will  depend on our  earnings  and  financial
position  at the time and such  other  factors  as the Board of  Directors  deem
relevant.

RECENT SALES OF UNREGISTERED SECURITIES

All issuances of common stock have been valued based on the closing price of the
stock as of the  date  that  the  Company's  Board  of  Directors  approved  the
issuance.

On November 1, 2004, the Company's Board of Directors approved,  pursuant to the
2004 Stock  Incentive  Plan,  the issuance of 160,000  shares to  consultants to
perform investor relations services,  having an aggregate value of $8,000. These
shares were issued on November  24, 2004 and have been valued at $.05 per share,
the closing price of the stock as November 1, 2004.


                                       5
<PAGE>

On  October  15,  2004,  the  Company  sold to the  holders  of its  convertible
debentures 1,200 shares of Series A Convertible Preferred Stock, par value $.001
per share,  and Stated Value $1,000 per share ("Series A Preferred  Stock"),  in
exchange for cash proceeds of $1,171,657  net of  transaction  costs of $28,343.
The dividend and conversion  rights, as well as the preferences,  of the holders
of the Series A Preferred  Stock are  discussed  below under the heading Item 6.
Management's  Discussion  and  Analysis or Plan of  Operation  -  Liquidity  and
Capital Resources.

Except as expressly set forth above,  the  individuals  and entities to which we
issued securities as indicated herein are unaffiliated with us.

All of the above  offerings and sales were deemed to be exempt under Rule 506 of
Regulation D and Section 4(2) of the  Securities  Act. No advertising or general
solicitation  was employed in offering the  securities.  The offerings and sales
were made to a limited number of persons, all of whom were accredited investors,
as defined  under the  Securities  Act. In addition  to  representations  by the
above-referenced  persons,  we have made independent  determinations that all of
the  above-referenced  persons were accredited or sophisticated  investors,  and
that they were  capable of analyzing  the merits and risks of their  investment,
and  that  they   understood  the  speculative   nature  of  their   investment.
Furthermore,  all of the  above-referenced  persons were provided with access to
our Securities and Exchange Commission filings.

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

The following is  management's  discussion  and analysis of certain  significant
factors  that  will  have  affected  our  financial  condition  and  results  of
operations.    Certain    statements   under   this   section   may   constitute
"forward-looking  statements".  The  following  discussion  should  be  read  in
conjunction with the audited consolidated financial statements and notes thereto
as of and for the years ended March 31, 2005 and 2004  included in the this Form
10-KSB.

FINANCIAL CONDITION

We had net losses of $(1,254,402) and $(1,319,077)  during the years ended March
31, 2005 and 2004, respectively.  As of March 31, 2005, we had a cash balance of
$372,909 and current  liabilities  of $993,403 with  obligations  of $375,557 to
trade   creditors,    $437,382   in   interest    payable,    $120,750   in   an
acquisition-related  note  payable  and $14,711 to related  parties,  as well as
total long-term obligations in the principal amount of $2,517,949 to convertible
debenture  holders.  As  described  in  Note  5 to  the  consolidated  financial
statements,   on  October  15,  2004,   we  entered  into  two   contemporaneous
transactions with the holders of the Company's  convertible  debentures pursuant
to which we  restructured  the terms of the  convertible  debentures,  including
extending the maturity  dates until October 15, 2007,  and raised  $1,200,000 of
cash,  before  expenses,  through the sale of convertible  preferred  stock.  As
described in Note 11 to the consolidated financial statements, on June 30, 2005,
we closed on $650,000 of cash,  before expenses,  through the sale of additional
convertible debentures.  However, we do not have sufficient cash or other assets
to meet our current  liabilities.  In order to meet those  obligations,  we will
need to raise cash from the  additional  sale of securities or from  borrowings.
Our  independent  auditors  have added an  explanatory  paragraph to their audit
opinions  issued in connection  with the fiscal year 2005 and 2004  consolidated
financial  statements,  which  states  that our  ability to  continue as a going
concern depends upon our ability to resolve liquidity  problems,  principally by
obtaining capital, increasing sales and generating sufficient revenues to become
profitable. Our consolidated financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

RELATED PARTY TRANSACTIONS

During the year ended March 31, 2005, the Company's  liability for  non-interest
bearing cash advances and oil purchases  from NRG Heat & Power,  LLC ("NRG") and
Flaw, Inc. ("Flaw"), oil suppliers that are owned and managed by Messrs. Cirillo
and Pipolo,  officers  of the  Company,  decreased  in the net amount of $3,037.
During  fiscal 2005,  the Company  purchased oil for resale from NRG and Flaw in
the  amount  of  $549,701.  As of  March  31,  2005,  the  non-interest  bearing
obligation  of $14,711 to NRG and Flaw is included in due to related  parties in
current liabilities.


                                       6
<PAGE>

As of March 31, 2004, the Company owed $12,500 to NexGen Energy,  LLC, a company
owned by Messrs. Cirillo, Pipolo and another stockholder, for accrued and unpaid
interest  pertaining  to an obligation  that was satisfied  with the issuance of
common stock effective  January 27, 2004.  During the year ended March 31, 2005,
the Company satisfied this obligation.

During the year ended March 31, 2005,  the Company had fuel sales of $60,172 and
$13,867, respectively, to NRG and Flaw.

YEAR ENDED MARCH 31, 2005 COMPARED TO YEAR ENDED MARCH 31, 2004

OVERALL RESULTS OF OPERATIONS

For the year ended March 31, 2005, we incurred an overall loss of  $(1,254,402),
or ($.02)  per  share,  which was a  decrease  of  $64,675  from the net loss of
$(1,319,077),  or ($.03) per share for the prior period.  The net losses for the
years ended March 31, 2005 and 2004 include non-cash expenses including interest
expense of $613,151 and $641,062,  respectively, of which $383,333 and $416,667,
respectively, relates to debt discount amortization expense, and expense charges
for stock  issued for  services of $8,000 and  213,958,  respectively.  The year
ended  March  31,  2005 also  includes  $188,542  of  amortization  of  deferred
compensation  and a gain of $250,000 for the forgiveness of interest accrued and
unpaid for the convertible debentures.  The gain for the forgiveness of interest
offset an increase of $233,918 in the loss from operations.

SALES

Total sales revenue for the year ended March 31, 2005 was $2,442,466 compared to
$1,879,565 for the year ended March 31, 2004. The total increase of $562,901, or
29.9%, can be attributed  principally to a sharp increase in the average selling
price per gallon to $1.58 from $1.23, or 28%, caused by world market conditions,
and an  increase  in  gallons  sold  of 2%.  The  increase  in  gallons  sold is
attributable  to a larger  customer  base  that  increased  principally  through
marketing  activities,  partially  offset by fewer  degree  days in the  current
period due to warmer weather conditions in January and February 2005 compared to
the same period in 2004.

GROSS PROFIT

Gross  profit  decreased  by $167,245 to $85,191,  or 66.3%,  for the year ended
March 31, 2005  compared to $252,436  for the year ended March 31,  2004,  while
gross margin  decreased to 3.5% from 13.4% for the periods.  This is principally
due to the rapid and dramatic increase in product cost and rising transportation
expenses  experienced  in the year ended March 31, 2005.  Heating oil  retailers
generally  cannot raise selling prices as quickly as product costs increase in a
rising market;  conversely,  selling prices  generally do not fall as quickly as
product costs decrease in a falling  market.  Gross profit in the current period
was also  adversely  affected by the need for the Company to  liquidate  certain
hedging  positions  (at $.85 per gallon) that it had entered to match fuel costs
to fixed price  customer  contracts.  These  positions  were  liquidated to make
additional  funds  available to meet current  operating  cash needs early in the
current  fiscal  year.  This action  resulted in fuel oil  purchases at a higher
average cost of $1.52 per gallon  during the current  year  compared to $1.07 in
the prior year,  the effect of which was to reduce gross profit for current year
by approximately $52,000, and contribute to the decrease in gross margin.

OPERATING EXPENSES

Total operating  expenses for the year ended March 31, 2005 increased by $66,673
to $999,328 from $932,655 for the year ended March 31, 2004 due  principally  to
increases in employee  compensation,  amortization of deferred  compensation and
professional  fees associated  with debt  restructuring  and financing  matters,
offset by a $42,000 reduction in advertising expense.


                                       7
<PAGE>

OTHER INCOME (EXPENSE)

Interest expense decreased $27,911 to $613,151 for the year ended March 31, 2005
from $641,062, for the year ended March 31, 2004, attributable to slightly lower
debt discount  expense,  as well as the reduction in the convertible  debentures
interest rate to 8% from 10% in connection  with the October 15, 2005  amendment
described in Note 5 to the consolidated financial statements.

YEAR ENDED MARCH 31, 2004 COMPARED TO YEAR ENDED MARCH 31, 2003

OVERALL RESULTS OF OPERATIONS

For the year ended March 31, 2004, we incurred an overall loss of  $(1,319,077),
or ($.03)  per  share,  which was an  increase  of  $822,393  in the net loss of
$(496,684) or $(.01) per share for the prior  period.  The net loss for the year
ended March 31, 2004 includes  $668,004 of non-cash expense relating to $416,667
of debt discount expense, $224,395 of interest expense attributable to a greater
level of debt and  $186,458  of expense  recorded  for common  stock  issued for
professional fees.

SALES

Total sales revenue for the year ended March 31, 2004 was $1,879,565 compared to
$1,490,359 for the year ended March 31, 2003. The total increase of $389,206, or
26.1%,  can be  attributed  principally  to an  increase  in gallons  sold,  and
partially  to an  increase  in the average  selling  price per  gallon.  The 33%
increase in gallons sold is attributable to a slightly larger customer base.

GROSS PROFIT

Gross profit  increased by $190,096 to $252,436,  or 304.9%,  for the year ended
March 31, 2004  compared to $62,340  for the year ended  March 31,  2003,  while
gross margin  increased to 13.4% from 4.2% for the periods due to higher overall
market   pricing  for  fuel  oil,   greater  mark  up  and  improved   operating
efficiencies.

OPERATING EXPENSES

Total operating expenses for the year ended March 31, 2004 increased by $406,092
to $932,655  from $526,563 for the year ended March 31, 2003 due to increases in
advertising  expenses  of  $88,334,  professional  fees of  $35,415,  as well as
expense  charges of $186,458  recorded for common stock issued for  professional
fees.

OTHER INCOME (EXPENSE)

Interest  expense  increased  $608,601 to $641,062  for the year ended March 31,
2004 from $32,461 for the year ended March 31, 2003, attributable to $416,667 of
debt discount expense,  as well as $224,395 of interest expense resulting from a
greater amount of interest-bearing debt outstanding in the current year compared
to the prior year.

SEASONALITY

Profitability is negatively  affected by the seasonality of our business whereby
the first two quarters of our fiscal year are  traditionally the slowest quarter
for deliveries of fuel oil due to warmer weather  conditions in our market,  the
northeastern United States. Demand increases  substantially in the third quarter
and peaks in the fourth quarter of each fiscal year.

OFF-BALANCE SHEET ARRANGEMENTS

The Company has no off-balance  sheet  arrangements  that have or are reasonably
likely to have a current or future effect on the Company's financial  condition,
changes in  financial  condition,  revenue or expenses,  results of  operations,
liquidity,  capital  expenditures  or  capital  resources  that is  material  to
investors,  and the Company does not have any  non-consolidated  special purpose
entities.


                                       8
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

OVERVIEW

As of March 31, 2005, we had a cash balance of $372,909 and a negative cash flow
from operations of $830,669. We do not have any available lines of credit. Since
inception,  we have  financed  our  operations  through  loans and from  private
placements of both debt and equity.

On January 16, 2004, the Company closed on the final $200,000 of the 10% Secured
Convertible  Debentures  to  be  issued  pursuant  to  the  Securities  Purchase
Agreement  dated June 3, 2003 among the Company  and holders of its  convertible
debentures for an aggregate of $800,0000 of convertible debentures and 4,000,000
stock purchase warrants expiring June 5, 2008. In connection with the closing on
January 16, 2005, the Company also issued 1,000,000 of stock purchase warrants.

On October 15, 2004, the Company entered into two  contemporaneous  transactions
with the holders of the Company's  convertible  debentures  pursuant to which we
restructured  the terms of the  convertible  debentures and sold 1,200 shares of
Series A Preferred Stock for $1,200,000 in cash, before transaction  expenses in
the amount of $28,343.  Additionally, on June 30, 2005, we closed on $650,000 of
cash before expenses, through the sale of convertible debentures.  Additionally,
on June 30, 2005, we closed on $650,000 of cash,  before  expenses,  through the
sale of convertible debentures. The proceeds from these transactions,  which are
for future working  capital needs and acquiring  customer lists or other heating
oil  distributors,  will not be  sufficient  to meet our cash needs for the next
twelve month period.

Prior to a restructuring on October 15, 2004, the convertible  debentures issued
in 2001, 2002 and June 2003 (aggregating $2,017,949 before discount) had matured
and were in default.  On October 15,  2004,  the Company  entered  into a letter
agreement  with  the  holders  of the  convertible  debentures  whereby  certain
provisions of the debenture agreements were amended as follows:

      o     Extension  of the  then-expired  maturity  dates of all  convertible
            debentures to October 15, 2007;

      o     Modification  of the  conversion  price by  eliminating  the ceiling
            price of $.05 per share;

      o     Lowering the interest rate to 8% from 10%; and

      o     Forgiveness  of  $250,000  of  interest  accrued  and unpaid for the
            debentures.  The gain  associated  with this  reduction  in  accrued
            interest is reported in the accompanying statements of operations.

As of March 31, 2005, the Company owed, in the  aggregate,  $2,517,949 on all of
the convertible  debentures,  and $437,382 of related  accrued  interest that is
included  in  current  liabilities.  As of March  31,  2005,  no stock  purchase
warrants had been exercised.

The convertible  debentures contain a beneficial  conversion feature computed at
its intrinsic value which is the difference between the conversion price and the
fair market value of the Company's common stock on the debenture  issuance date,
multiplied  by the number of shares  into which the debt is  convertible  at the
commitment  date.  Since the beneficial  conversion  feature is to be settled by
issuing equity, the amount attributed to the beneficial  conversion  feature, or
an aggregate of $800,000  through March 31, 2004,  was recorded as a discount on
the debt and as a component of additional  paid-in capital and is being accreted
over 12-month periods as interest expense in accordance with EITF 00-27. For the
years ended March 31, 2005 and 2004, the Company accreted $383,333 and $416,667,
respectively, of debt discount as interest expense.


                                       9
<PAGE>

The holders of Series A Preferred Stock are entitled to receive  cumulative cash
dividends  of six percent  (6%) per annum,  payable in arrears on March 31, June
30, September 30 and December 31 of each year, commencing December 31, 2004, out
of funds legally available thereof.  As of December 31, 2004, dividend arrearage
on  the  Series  A  Preferred  Stock  aggregated  $18,000.  The  Company  had  a
stockholders'  deficiency  at December  31,  2004;  accordingly  it did not have
legally  available  funds  available  to  declare  and  pay  a  dividend.  Other
provisions relating to the Series A Preferred Stock include:

      o     In the event  dividends  are  distributed  to  holders  of shares of
            common  stock,  the  holders of Series A  Preferred  Stock  shall be
            entitled to receive dividends on a pari passu basis.

      o     In the event of a Liquidation  Event,  as defined in the Certificate
            of  Designation,  Preferences,  and Rights of the Series A Preferred
            Stock (the  "Certificate of  Designation"),  the holders of Series A
            Preferred  Stock  shall  be  entitled  to a  Liquidation  Preference
            consisting of the Stated Value,  accrued and unpaid  dividends,  and
            any other amounts owed.

      o     Mandatory  redemption  provisions  are  effective  if and  when  the
            Company  fails to issue  shares of common  stock to  holders  of the
            Series A Preferred Stock upon exercise of conversion  rights, or the
            common  stock of the Company  fails,  after  having  been  initially
            listed,  to remain listed on the  Over-the-Counter  Bulletin  Board,
            Nasdaq  National  Market,  Nasdaq  SmallCap  Market,  New York Stock
            Exchange  or  American  Stock  Exchange,  for any reason  within the
            control of the Company.

      o     The  Company may elect to  optionally  redeem the Series A Preferred
            Stock in an amount  equal to 120% of the Stated Value of each share,
            accrued and unpaid dividends, and any other amounts owed.

      o     Each share of Series A Preferred  Stock is  convertible  into common
            shares at the Conversion  Price  generally set at 85% of the average
            of the lowest three Average Daily Prices, as defined the Certificate
            of  Designation,  for the  Company's  common stock during the 20-day
            trading  period  prior  to  the  date  of a  conversion  notice.  In
            connection  with this  discounted  conversion  feature,  the Company
            recorded a  discount  to Series A  Preferred  Stock in the amount of
            $211,765,  which will be amortized over the 36-month period prior to
            automatic  conversion date described below, unless conversion occurs
            prior to that date. During the three-month period ended December 31,
            2004, amortization of $17,647 was charged to accumulated deficit.

      o     So long as  certain  conditions  are met,  all  shares  of  Series A
            Preferred Stock issued and outstanding on October 14, 2007, shall be
            automatically   converted   into  shares  of  common  stock  at  the
            Conversion Price.

The report of the independent  certified public  accountants on our consolidated
financial  statements  as of March 31, 2005  contains an  explanatory  paragraph
regarding  an  uncertainty  with  respect to our  ability to continue as a going
concern. We have not generated sufficient revenues to cover our expenses, and we
have  an  accumulated  deficit  of  $4,380,431.  However,  we  believe  that  by
concentrating  on our core  business of selling  home heating oil, as well as by
seeking  the  possible  acquisition  of  profitable  businesses  and  additional
financings,  we will generate  sufficient revenues and liquidity for the Company
to operate for the next 12 months. However, as of March 31, 2005 we had $993,403
of current  liabilities and a working capital deficiency of $268,768,  and there
can be no  assurances  that the Company will be  successful  in  developing  its
business and achieving a profitable  level of operations  sufficient to meet its
cash needs.

We anticipate that over the next twelve months we will need additional financing
to repay outstanding convertible  debentures,  unless extensions are granted, as
well to fund  acquisitions  of businesses  similar to that of ours and operating
losses  expected  to be  incurred  until  such  time as we are able to  generate
positive cash flow.

The Company has total  liabilities and contractual  obligations of $3,511,352 as
of March 31, 2005. These contractual obligations,  along with the dates on which
such payments are due, are described below:


                                       10
<PAGE>

                                                                    MORE THAN 1
     CONTRACTUAL OBLIGATIONS            TOTAL      1 YEAR OR LESS      YEAR
     -----------------------          ----------   --------------   ----------

    Convertible Debentures            $2,517,949     $2,517,949             --

    Accounts Payable and Accrued
      Expenses                           375,557        375,557             --

    Note Payable (1)                     120,750        120,750             --

    Accrued Interest                     437,382        437,382             --

    Other                                 59,714         59,714             --
                                      ----------     ----------     ----------

    Total Contractual Obligations     $3,511,352     $3,511,352             --
                                      ==========     ==========     ==========

----------------------------------

(1)   During the year ended March 31,  2005,  the  purchase  price of a customer
      list  acquired  by the  Company  included a note  payable in the amount of
      $120,750.

The  Company's  failure to  develop  its  business  and  achieve a  sufficiently
profitable  level of operations  will likely have a material,  adverse effect on
the Company's  business,  results of operations and financial  condition and the
Company's  ability to  continue as a going  concern.  As a  consequence  of such
failure,  we may be forced to seek protection under the bankruptcy laws. In that
event,  it is  unclear  whether we could  successfully  reorganize  our  capital
structure and operations,  or whether we could realize  sufficient value for our
assets to satisfy our  creditors  in full.  Accordingly,  should we be forced to
file for  bankruptcy  protection,  there is no assurance  that our  stockholders
would receive any value.

Below is a discussion of our sources and uses of funds for the years ended March
31, 2005 and 2004:

NET CASH USED IN OPERATING ACTIVITIES

Net cash used in  operating  activities  was  $830,669 and $442,306 in the years
ended  March  31,  2005  and  2004,  respectively.  The cash  used in  operating
activities for the year ended March 31, 2005 was principally the result of a net
loss of $1,254,402,  an increase in accounts receivable of $204,856 attributable
to a higher level of sales  volume and a non-cash  gain on debt  forgiveness  of
$250,000,  offset by  non-cash  charges of  $692,410  and an increase in accrued
interest of $228,644. The use of cash in operating activities for the year ended
March 31, 2004 was principally the result of a net loss of $1,319,077, offset by
non-cash charges of $735, 809 and an increase in accrued interest of $156,450.

NET CASH USED IN INVESTING ACTIVITIES

We used $95,945 and $64,035, respectively, during the years ended March 31, 2005
and 2004,  respectively,  for the  acquisition of a customer list in fiscal 2005
and fixed assets,  principally a computer software fuel system program in fiscal
2004.

NET CASH PROVIDED BY FINANCING ACTIVITIES

Net cash  provided by  financing  activities  for the ended year ended March 31,
2005 was $1,168,620,  attributable to the sale of convertible preferred stock of
$1,171,657,  net of financing  costs,  offset by a net decrease in related party
debt of $3,037.  Net cash  provided by financing  activities  for the year ended
March 31,  2004 was  $629,326  from funds  provided  by the sale of  convertible
debentures  of  $650,500,  net of financing  costs,  offset by a net decrease in
related party debt of $21,174.


                                       11
<PAGE>

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In November 2004, the Financial  Accounting  Standards Board issued Statement of
Financial Accounting Standards No. 151, "Inventory Costs" ("SFAS No. 151"). SFAS
No. 151 amends the guidance in ARB No. 43 Chapter 4 Inventory Pricing to require
items such as idle  facility  costs,  excessive  spoilage,  double  freight  and
rehandling  costs to be expenses in the current  period,  regardless if they are
abnormal  amounts or not. SFAS No. 151 will become  effective for the Company in
the first  quarter of 2006.  The Company is primarily a service  provider and as
such the adoption of SFAS No. 151 is not expected to have significant  effect on
the Company's financial statements.

In December 2004, the Financial  Accounting  Standards Board issued Statement of
Financial  Accounting  Standards No. 123(R),  "Share-Based  Payment"  ("SFAS No.
123(R)").  SFAS No. 123(R)  revises SFAS No. 123,  "Accounting  for  Stock-Based
Compensation" and supersedes APB Opinion No. 25, "Accounting for Stock Issued to
Employees". SFAS No. 123(R) focuses primarily on the accounting for transactions
in  which  an  entity  obtains   employee   services  in   share-based   payment
transactions.  SFAS No. 123(R) requires  companies to recognize in the statement
of operations the cost of employee  services  received in exchange for awards of
equity  instruments  based on the  grant-date  fair value of these  awards (with
limited  exceptions).  SFAS No.  123(R) is effective as of the first  interim or
annual reporting  period that begins after June 15, 2005 for non-small  business
issuers and after December 15, 2005 for small business issuers. Accordingly, the
Company will adopt SFAS No.  123(R) in its quarter  ending  March 31, 2006.  The
Company is currently  evaluating  the  provisions of SFAS No. 123(R) and has not
yet  determined  the  impact,  if any,  that  SFAS No.  123(R)  will have on its
financial statement presentation or disclosures.

In May  2005,  the FASB  issued  SFAS No.  154,  "Accounting  Changes  and Error
Corrections"  ("SFAS 154") which replaces  Accounting  Principles Board Opinions
No. 20 "Accounting  Changes" and SFAS No. 3,  "Reporting  Accounting  Changes in
Interim  Financial  Statements-An  Amendment  of APB  Opinion  No. 28." SFAS 154
provides guidance on the accounting for and reporting of accounting  changes and
error  corrections.  It  establishes  retrospective  application,  or the latest
practicable  date,  as the required  method for reporting a change in accounting
principle and the  reporting of a correction of an error.  SFAS 154 is effective
for accounting  changes and corrections of errors made in fiscal years beginning
after  December  15,  2005 and is  required  to be adopted by the Company in the
first  quarter of fiscal 2007.  The Company is currently  evaluating  the effect
that  the  adoption  of SFAS  154  will  have  on its  consolidated  results  of
operations and financial condition.

RISKS RELATED TO OUR BUSINESS

WE HAVE HAD LOSSES  SINCE OUR  INCEPTION.  WE EXPECT  LOSSES TO  CONTINUE IN THE
FUTURE AND THERE IS A RISK WE MAY NEVER BECOME PROFITABLE.

For our  fiscal  years  ended  March  31,  2005 and 2004,  we had net  losses of
$1,254,402 and $1,319,077.  We expect to continue to incur significant operating
expenses until such time as the volume of heating oil sold  increases  and/or we
add ancillary products or product lines to our business.

OUR INDEPENDENT AUDITORS HAVE EXPRESSED DOUBT ABOUT OUR ABILITY TO CONTINUE AS A
GOING CONCERN, WHICH MAY HINDER OUR ABILITY TO OBTAIN FUTURE FINANCING.

In their  report dated June 21, 2005 (except for Note 11 as to which the date is
July 5, 2005) on our consolidated financial statements for the fiscal year ended
March 31, 2005, our independent  auditors have expressed doubt about our ability
to continue as a going concern.  Our ability to continue as a going concern is a
result of  recurring  losses  from  operations,  a  stockholders'  deficit,  and
requirement  for a significant  amount of capital  financing to proceed with our
business  plan.  Our ability to  continue  as a going  concern is subject to our
ability to  generate a profit  and/or  obtain  necessary  funding  from  outside
sources, including obtaining additional funding from the sale of our securities,
increasing   sales  or  obtaining  loans  where  possible.   The  going  concern
qualification  in the auditor's  report increases the difficulty in meeting such
goals and there can be no assurances that such methods will prove successful.

WE HAVE A WORKING CAPITAL DEFICIT,  WHICH MEANS THAT OUR CURRENT ASSETS ON MARCH
31, 2005 WERE NOT SUFFICIENT TO SATISFY OUR CURRENT LIABILITIES ON THAT DATE.

We had a working capital  deficit of $268,768 as of March 31, 2005,  which means
that our current  liabilities  exceeded our current assets by $268,768.  Current
assets are assets that are  expected to be  converted  into cash within one year
and,  therefore,  may be used to pay current liabilities as they become due. Our
working capital deficit means that our current assets on March 31, 2005 were not
sufficient to satisfy all of our current liabilities on that date.


                                       12
<PAGE>

OUR  OPERATIONS  ARE  HAZARDOUS  AND  COULD  EXPOSE  US TO THE RISK OF  MATERIAL
LIABILITIES, LOST REVENUES OR INCREASED EXPENSES.

There are risks associated with the handling of oil, such as operational hazards
and unforeseen  interruptions caused by events beyond our control. These include
accidents,  the breakdown or failure of equipment or processes, and catastrophic
events.  Liabilities  incurred and  interruptions  in  operations  caused by the
handling  of oil,  have the  potential  to  materially  impact our  consolidated
results of operations, financial position and liquidity.

OUR  OPERATIONS  ARE HAZARDOUS AND COULD EXPOSE US TO THE RISK OF  ENVIRONMENTAL
LIABILITIES.

There are  environmental  risks associated with the risks in the handling of oil
mentioned above,  which include injury or loss of life and extensive property or
environmental damage. In addition, the general handling of oil has the potential
for serious impact on human health and the environment.

WE MAY HAVE TO CURTAIL OUR BUSINESS IF WE CANNOT FIND ADEQUATE FUNDING.

We  currently  have no legally  binding  commitments  with any third  parties to
obtain any material amount of additional equity or debt financing. Our principal
stockholders have limited financial resources and may not be able to continue to
lend funds to us. We may not be able to obtain any  additional  financing in the
amounts or at the times that we may  require the  financing  or, if we do obtain
any financing, that it would be on acceptable terms because of the following:

      o     we have no additional assets to pledge as security for a loan; and

      o     we maybe viewed as a high market risk.

As a result,  we may not have adequate capital to implement  future  expansions,
maintain our current  levels of operation or to pursue  strategic  acquisitions.
Our failure to obtain sufficient  additional financing could result in the delay
or  abandonment  of some or all of our expansion and  expenditures,  which could
harm our business and the value of our common stock.

OUR  BUSINESS  OPERATIONS  WILL BE HARMED IF WE ARE UNABLE TO OBTAIN  ADDITIONAL
FUNDING.

Although  we closed on $650,000 of cash,  before  expenses,  through the sale of
convertible  debentures on June 30, 2005, our business operations will be harmed
if we are unable to obtain additional funding from related parties or from other
investors or lenders.  We do not know if additional  financing will be available
when needed, or if it is available, if it will be available on acceptable terms.
Insufficient funds may prevent us from implementing our business strategy or may
require us to delay, scale back or eliminate certain business  opportunities for
our product and services.

RISKS RELATING TO OUR CURRENT FINANCING AGREEMENTS:

POSSIBILITY OF ANOTHER DEFAULT ON OUR CONVERTIBLE DEBENTURES

Prior to a restructuring on October 15, 2004, the convertible  debentures issued
in 2001, 2002 and June 2003 (aggregating $2,017,949 before discount) had matured
and were in default.  There can be no assurance  that we will be  successful  in
generating  the cash  flow or  raising  the  funds  necessary  to  retire  these
debentures and the additional debentures issued on June 30, 2005. The debentures
are collateralized by all of our assets and, in the event we are unable to repay
or restructure these  debentures,  there is no assurance that the holders of the
debentures  will not  institute  legal  proceedings  to recover the amounts owed
including foreclosure on our assets.


                                       13
<PAGE>

THERE ARE A LARGE NUMBER OF SHARES  UNDERLYING OUR CONVERTIBLE  DEBENTURES,  AND
WARRANTS  THAT MAY BE AVAILABLE FOR FUTURE SALE AND THE SALE OF THESE SHARES MAY
DEPRESS THE MARKET PRICE OF OUR COMMON STOCK.

As of July 5,  2005,  we have  75,296,826  shares of  common  stock  issued  and
outstanding,   and  convertible   debentures  and  convertible  preferred  stock
outstanding that may be converted into an estimated  57,730,523 shares of common
stock at current  market  prices,  and  outstanding  warrants  to purchase up to
4,000,000  shares of common stock.  In addition,  the number of shares of common
stock issuable upon  conversion of the  outstanding  convertible  debentures may
increase if the market price of our stock declines. The sale of these shares may
adversely affect the market price of our common stock.

THE  CONTINUOUSLY   ADJUSTABLE  CONVERSION  PRICE  FEATURE  OF  OUR  CONVERTIBLE
DEBENTURES COULD REQUIRE US TO ISSUE A SUBSTANTIALLY GREATER NUMBER OF SHARES TO
THE  SELLING   STOCKHOLDERS,   WHICH  WILL  CAUSE   DILUTION  TO  OUR   EXISTING
STOCKHOLDERS.

Our obligation to issue shares upon conversion of our convertible  securities is
essentially limitless.

The  following is an example of the amount of shares of our common stock that is
issuable  to  the  selling  stockholder,  upon  conversion  of  our  convertible
debentures and convertible  preferred stock and subsequent exercise of warrants,
based on market  prices 25%, 50% and 75% below the market  price,  as of July 5,
2005 of $0.12.

PERCENTAGE BELOW                       NUMBER OF SHARES       PERCENTAGE OF
     MARKET         PRICE PER SHARE         ISSUABLE        OUTSTANDING SHARES
------------------------------------------------------------------------------
      25%               $0.0900           75,640,697               50%


      50%               $0.0600          111,461,045               60%

      75%               $0.0324          203,001,935               73%

The  issuance  of shares  upon  conversion  of the  convertible  debentures  and
exercise of warrants  may result in  substantial  dilution to the  interests  of
other  stockholders  since the selling  stockholders may ultimately  convert and
sell the full amount issuable on conversion.  Although the selling  stockholders
may not convert their  convertible  notes and/or exercise their warrants if such
conversion  or  exercise  would  cause  them  to  own  more  than  4.99%  of our
outstanding  common  stock,  this  restriction  does  not  prevent  the  selling
stockholders  from converting  and/or exercising some of their holdings and then
converting  the rest of their  holdings.  In this way, the selling  stockholders
could sell more than this limit while never holding more than this limit.  There
is no upper limit on the number of shares that may be issued which will have the
effect of further diluting the proportionate equity interest and voting power of
holders of our common stock, including investors in this offering.

IF WE  ARE  REQUIRED  FOR  ANY  REASON  TO  REPAY  OUR  OUTSTANDING  CONVERTIBLE
DEBENTURES,  WE WOULD BE REQUIRED TO DEPLETE OUR WORKING CAPITAL,  IF AVAILABLE,
OR RAISE ADDITIONAL FUNDS. OUR FAILURE TO REPAY THE CONVERTIBLE  DEBENTURES,  IF
REQUIRED,  COULD RESULT IN LEGAL ACTION AGAINST US, WHICH COULD REQUIRE THE SALE
OF SUBSTANTIAL ASSETS.

We entered into Securities  Purchase  Agreements for the sale of an aggregate of
$800,000  of  convertible  debentures  and  assumed  $1,717,949  of  convertible
debentures in the merger and recapitalization transaction with ClickableOil.com,
Inc.  that are due and payable,  with 8% interest,  on October 15, 2007. On June
30, 2005, we closed on an additional $650,000 of convertible debentures that are
due and payable,  with 10% interest,  on June 30, 2008.  Unless sooner converted
into  shares of our  common  stock,  we are  required  to repay the  convertible
debentures. To do so, we would be required to use our working capital, if any at
that  time,  and/or  raise  additional  funds.  If we were  unable  to repay the
debentures  when  required,  the debenture  holders could  commence legal action
against us to recover the amounts due. Any such action may require us to curtail
or cease operations.


                                       14
<PAGE>

RISKS RELATING TO OUR COMMON STOCK:

OUR BOARD OF DIRECTORS CAN ISSUE PREFERRED STOCK WITHOUT STOCKHOLDER CONSENT AND
DILUTE OR OTHERWISE SIGNIFICANTLY AFFECT THE RIGHTS OF EXISTING STOCKHOLDERS.

Our  certificate of  incorporation  provides that preferred  stock may be issued
from time to time in one or more series. Our board of directors is authorized to
determine the rights,  preferences,  privileges and restrictions  granted to and
imposed upon any unissued  series of preferred  stock and the designation of any
such  shares,  without  any vote or  action  by our  stockholders.  The Board of
Directors  may authorize  and issue  preferred  stock with voting power or other
rights  that could  adversely  affect the  voting  power or other  rights of the
holders of common stock. In addition, the issuance of preferred stock could have
the effect of delaying, deferring or preventing a change in control, because the
terms of  preferred  stock that might be issued could  potentially  prohibit the
consummation of any merger,  reorganization,  sale of  substantially  all of our
assets,  liquidation or other  extraordinary  corporate  transaction without the
approval of the holders of the outstanding shares of the preferred stock.

THE PRICE OF OUR COMMON  STOCK MAY BE AFFECTED BY A LIMITED  TRADING  VOLUME AND
MAY FLUCTUATE SIGNIFICANTLY.

There is a  limited  public  market  for our  common  stock  and there can be no
assurance that an active  trading  market will develop.  An absence of an active
trading  market could  adversely  affect our  stockholders'  ability to sell our
common  stock in short time  periods,  or possibly at all.  Our common stock was
only relisted by the NASB in March 2005, at which time trading  resumed.  In the
foreseeable  future our common stock is likely to experience  significant  price
and volume  fluctuations  that could  adversely  affect its market price without
regard to our operating  performance.  In addition, we believe that factors such
as quarterly  fluctuations  in our financial  results and changes in the overall
economy or the condition of the  financial  markets could cause the price of our
common stock to fluctuate substantially.

OUR COMMON STOCK IS SUBJECT TO "PENNY STOCK" RULES.

The Securities and Exchange  Commission has adopted Rule 15g-9 which establishes
the  definition  of a "penny  stock,"  for the  purposes  relevant to us, as any
equity  security that has a market price of less than $5.00 per share or with an
exercise price of less than $5.00 per share, subject to certain exceptions.  For
any transaction involving a penny stock, unless exempt, the rules require:

      o     that a broker or dealer approve a person's  account for transactions
            in penny stocks; and

      o     the broker or dealer  receive from the investor a written  agreement
            to the  transaction,  setting forth the identity and quantity of the
            penny stock to be purchased.

In order to approve a person's  account for  transactions  in penny stocks,  the
broker or dealer must:

      o     obtain financial information and investment experience objectives of
            the person; and

      o     make a  reasonable  determination  that  the  transactions  in penny
            stocks are  suitable  for that person and the person has  sufficient
            knowledge  and  experience  in  financial  matters  to be capable of
            evaluating the risks of transactions in penny stocks.

The broker or dealer  must also  deliver,  prior to any  transaction  in a penny
stock, a disclosure  schedule  prepared by the Commission  relating to the penny
stock market, which, in highlight form:

      o     sets  forth  the  basis on  which  the  broker  or  dealer  made the
            suitability determination; and

      o     that the broker or dealer received a signed,  written agreement from
            the investor prior to the transaction.

Disclosure  also has to be made about the risks of  investing in penny stocks in
both public offerings and in secondary trading and about the commissions payable
to both the broker-dealer and the registered representative,  current quotations
for the securities and the rights and remedies available to an investor in cases
of fraud in penny stock  transactions.  Finally,  monthly  statements have to be
sent disclosing recent price information for the penny stock held in the account
and information on the limited market in penny stocks.


                                       15
<PAGE>

ITEM 7. FINANCIAL STATEMENTS

The Company's  consolidated  financial  statements as of and for the fiscal year
ended March 31, 2005 have been examined to the extent  indicated in their report
by Weinberg & Company, P.A.,  independent certified  accountants,  and have been
prepared  in  accordance  with  generally  accepted  accounting  principles  and
pursuant  to  Regulation  S-B as  promulgated  by the  Securities  and  Exchange
Commission. The aforementioned consolidated financial statements are included in
this Form 10-KSB beginning on page F-1.

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

As  previously  reported  on our  Current  Report  on Form  8-K  filed  with the
Securities  and  Exchange  Commission  (the  "SEC") on June 19,  2003 and on our
Current  Report  on Form  8-K/A  filed  with  the SEC on May 14,  2004,  we were
acquired by ClickableOil.com, Inc. under a merger agreement on June 6, 2003, and
our principal independent accountant,  Merdinger,  Fruchter, Rosen & Corso, P.C.
("MFRC") was dismissed. On June 12, 2003, we engaged Weinberg & Company, P.A. as
our principal independent  accountant.  The action to engage Weinberg & Company,
P.A was taken upon the unanimous approval of our Board of Directors.

On August 25, 2003,  an amended 8-K was filed  including  the audited  financial
statements of  ClickableOil.com,  Inc. for the fiscal years ended March 31, 2003
and 2002.

ITEM 8A. CONTROLS AND PROCEDURES

      (A)   EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES:

Under the supervision and with the  participation of our Chief Executive Officer
and Chief Financial Officer, we carried out an evaluation,  as of the end of the
period covered by this report,  of the effectiveness of the design and operation
of our disclosure  controls and  procedures  (as defined in Rules  13a-15(e) and
15d-15(e)  under the Securities  Exchange Act of 1934, as amended (the "Exchange
Act")).  Based  on this  evaluation,  our  Chief  Executive  Officer  and  Chief
Financial  Officer  concluded  that our  disclosure  controls and procedures are
effective  to ensure  that  information  required to be  disclosed  by us in our
reports  that  are  filed or  submitted  under  the  Exchange  Act is  recorded,
processed,  summarized  and reported  within the time  periods  specified in SEC
rules and forms. It should be noted that the design of any system of controls is
based in part upon certain  assumptions  about the  likelihood of future events,
and there can be no  assurance  that any design will  succeed in  achieving  its
stated goals under all potential future conditions, regardless of how remote.

      (B)   CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING:

There were no changes in the Company's internal control over financial reporting
that has materially affected,  or is reasonably likely to materially affect, the
Company's  internal  control over financial  reporting  during the quarter ended
March 31, 2005.

ITEM 8B. OTHER INFORMATION

Except for the following,  we are not aware of any information  that should have
been reported on Form 8-K during the fourth  quarter of the year covered by this
Form 10-KSB,  but not reported,  whether or not otherwise  required by this Form
10-KSB.


                                       16
<PAGE>

On  February  10,  2005,  we acquired  the  customer  list and related  customer
information,  service  contracts  and  related  intangible  assets of a home oil
business known as Lorusso Fuel Co., from its owners, David and Angelina Lorusso.
The Company paid an aggregate of $75,000 for these assets at Closing, and agreed
to pay, as of July 10, 2005 and January 10,  2006,  an amount equal to the gross
profit realized by the Company from sales to former Lorusso customers,  less the
initial $75,000.  As of July 10, 2005, gross profit had not exceeded $75,000 and
no further payments were due at that time.

Mr. Cirillo and Mr. Pipolo have  guaranteed the Company's  post-closing  payment
obligations. .


                                       17
<PAGE>

PART III

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

The following  table sets forth the names and ages of our current  directors and
executive officers, their principal offices and positions and the date each such
person  became a director or  executive  officer.  Our  executive  officers  are
elected  annually by the Board of Directors.  Our directors serve one-year terms
until their  successors are elected.  The executive  officers serve terms of one
year or until their  death,  resignation  or removal by the Board of  Directors.
There are no family relationships or understandings between any of the directors
and executive officers.  In addition,  there was no arrangement or understanding
between any executive  officer and any other person pursuant to which any person
was selected as an executive officer.

Our directors and officers are as follows:

        NAME AND ADDRESS                AGE     POSITION

        Nicholas Cirillo, Jr.           42      Chief Executive Officer,
        c/o ClickableOil.com, Inc.              President and Director
        711 South Columbus Avenue
        Mount Vernon, NY 10550

        Guy Pipolo                      42      Chief Operating Officer, Chief
        c/o ClickableOil.com, Inc.              Financial Officer and Director
        711 South Columbus Avenue
        Mount Vernon, NY 10550

        David Rodgers                   52      Secretary and Director
        c/o ClickableOil.com, Inc.
        711 South Columbus Avenue
        Mount Vernon, NY 10550

Nicholas Cirillo, Jr. is the Chief Executive Officer and co-founder of Clickable
Enterprises,   Inc.   Effective,   as  of  the   June  6,   2003   merger   with
ClickableOil.com,  Inc., Mr. Cirillo was appointed President and Director of the
Company. Prior to this, Mr. Cirillo co-founded,  along with Guy Pipolo, National
Retailers  Group (which  later  became  ClickableOil.com,  Inc.,  when  National
Retailers Group became an Internet-based company), a New-York based discount oil
company that provided  purchasing,  hedging and logistical services to wholesale
terminal operations in both the Bronx and Westchester, marketed #4 and #6 oil to
commercial  customers in New York,  Connecticut and  Massachusetts,  and offered
homeowners  reduced-priced oil using state-of-the-art  distribution  strategies.
From 1987 to 1995,  Mr.  Cirillo was a Manager  with Cibro  Petroleum  where his
responsibilities  included overseeing the hedging and purchasing  strategies for
over $1 billion in home  heating  oil.  Mr.  Cirillo  was also  employed by Bear
Stearns and by a privately  held  petroleum  trading  company.  He received  his
Bachelor of Arts in Economics  from  Georgetown  University,  and his Masters of
Business Administration from Fordham University.

Guy  Pipolo  is  the  Chief  Operating   Officer  and  co-founder  of  Clickable
Enterprises,   Inc.   Effective,   as  of  the   June  6,   2003   merger   with
ClickableOil.com,  Inc., Mr. Pipolo was appointed Chief Operating Officer, Chief
Financial  Officer  and  Director  of the  Company.  Prior to this,  Mr.  Pipolo
co-founded along with Nick Cirillo,  Jr., National  Retailers Group (which later
became   ClickableOil.com,   Inc.,  when  National  Retailers  Group  became  an
Internet-based  company),  a New-York  based  discount oil company that provided
purchasing,  hedging and logistical services to wholesale terminal operations in
both the Bronx and Westchester,  marketed #4 and #6 oil to commercial  customers
in  New  York,   Connecticut   and   Massachusetts,   and   offered   homeowners
reduced-priced oil using state-of-the-art  distribution strategies. From 1988 to
1995, Mr. Pipolo was the Supply Manager with Cibro Petroleum.  Mr. Pipolo earned
his Bachelor of Business Administration in Finance from Iona College.

David Rodgers is co-founder of Clickable Enterprises,  Inc. Effective, as of the
June 6, 2003 merger  with  ClickableOil.com,  Inc.,  Mr.  Rodgers was  appointed
Secretary and Director of the Company.  He currently  serves as Chief  Financial
Officer of Refuse Systems Corp., and Appliance Brokers Ltd Inc.  Previously,  he
served as the Director of  Information  Technology and Chief  Financial  Officer
with Burnside Coal and Oil/West Vernon Petroleum Corp., Mr. Rodgers received his
Bachelor of Science in Accounting from the University of Bridgeport.


                                       18
<PAGE>

All  directors  hold office until the next annual  meeting of  stockholders  and
until their successors have been duly elected and qualified.

CODE OF ETHICS

On July 11,  2005,  the Board of  Directors  adopted  a  written  Code of Ethics
designed to deter wrongdoing and promote honest and ethical conduct,  full, fair
and accurate  disclosure,  compliance with laws,  prompt internal  reporting and
accountability to adherence to the Code of Ethics. A copy of this Code of Ethics
is filed as an exhibit to this report.

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Exchange Act requires our officers,  directors, and persons
who  beneficially  own more  than 10% of our  common  stock to file  reports  of
securities  ownership  and changes in such  ownership  with the  Securities  and
Exchange Commission.  Officers, directors and greater than 10% beneficial owners
are also required by rules promulgated by the Securities and Exchange Commission
to furnish us with copies of all Section 16(a) forms they file.

Based  solely  upon a review of the  copies of such  forms  furnished  to us, or
written  representations  that no Form 5 filings were required,  we believe that
during the fiscal  year ended  March 31,  2005,  there was  compliance  with all
Section 16(a) filing  requirements  applicable  to our  officers,  directors and
greater than 10% beneficial owners.

ITEM 10. EXECUTIVE COMPENSATION

SUMMARY COMPENSATION TABLE

The  following  table  shows  compensation  paid by us to our current and former
Chief Executive  Officer and our other executive  officers (the "Named Executive
Officers")  for the fiscal  years 2005,  2004 and 2003.  Other than as set forth
below, no Named Executive Officers' salary and bonus exceeded $100,000 in any of
the applicable  years.  The following  information  includes the dollar value of
base salaries,  bonus awards,  the value of restricted  shares issued in lieu of
cash  compensation  and certain  other  compensation,  if any,  whether  paid or
deferred.

<TABLE>
<CAPTION>
                                        Annual Compensation                     Long-Term Compensation
                                                                                    Awards         Payouts
                                                                 Other       Restricted
                                                                Annual          Stock     Options/   LTIP     All Other
Name and                             Salary        Bonus     Compensation     Award(s)     SARs    Payouts  Compensation
Principal Position        Year         ($)          ($)           ($)            ($)        (#)      ($)         ($)
<S>                        <C>          <C>          <C>        <C>             <C>         <C>      <C>        <C>
Nicholas Cirillo, Jr.      2005         15,000       0          0               0           0        0          0
CEO and President          2004            0         0          0               0           0        0          0
                           2003            0         0          0               0           0        0          0

Guy Pipolo                 2005         15,000       0          0               0           0        0          0
COO and CFO                2004            0         0          0               0           0        0          0
                           2003            0         0          0               0           0        0          0

Milton Cotter              2005            0         0          0               0           0        0          0
Former CEO and CFO         2004            0         0          0               0           0        0          0
                           2003            0         0          0             5,000(1)      0        0          0
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

(1)   Represents 10,000 shares of common stock.


                                       19
<PAGE>

During the last fiscal year, there were no individual grants of stock options or
freestanding SARs, nor were there any exercises of stock options or freestanding
SARs, to or by any executive officer,  nor were there any unexercised options or
SARs  granted to any  executive  officer,  nor were there any awards made to any
executive officers under any long term incentive plan.

EMPLOYMENT AGREEMENT

On June 6, 2003, we entered into a six month  employment  agreement  with Milton
Cotter, our former Chief Executive Officer and Chairman, to continue to serve as
our Chief Executive Officer and Chief Financial Officer,  and to insure that all
of our 2002 and 2003 financial reports be prepared and filed with the SEC.

None of the Company's current executive  officers has an employment or severance
agreement  with the Company,  and each  executive  officer's  employment  may be
terminated at any time at the discretion of the Board of Directors.

DIRECTOR COMPENSATION

None of the Company's directors are compensated.

ITEM 11.  SECURITY  OWNERSHIP OF CERTAIN  BENEFICIAL  OWNERS AND  MANAGEMENT AND
RELATED STOCKHOLDER MATTERS

The following table contains  information about the beneficial  ownership of our
common stock as of June 15, 2005 for:

      o     each  person  who  beneficially  owns more than five  percent of the
            common stock;

      o     each of our directors;

      o     the Named Executive Officers; and

      o     all directors and executive officers as a group.

Unless otherwise indicated, the address for each person or entity named below is
c/o Clickable  Enterprises,  Inc., 711 South Columbus Avenue,  Mount Vernon, New
York 10550.

Beneficial  ownership  is  determined  in  accordance  with  the  rules  of  the
Securities and Exchange  Commission and generally  includes voting or investment
power with respect to securities.  Except as indicated by footnote,  and subject
to community  property  laws where  applicable,  the persons  named in the table
below have sole voting and investment power with respect to all shares of common
stock  shown as  beneficially  owned  by  them.  The  percentage  of  beneficial
ownership is based on 75,296,826  shares of common stock  outstanding as of June
15, 2005.

                                        Common Stock Beneficially Owned
        Name and Address                   Number           Percent
        ----------------                   ------           -------

        Nicholas Cirillo, Jr. (1)          19,932,420        26.5%
        Guy Pipolo (1)                     19,932,420        26.5%
        David Rodgers (1)                  18,030,020        23.9%

        All Executive Officers and
         Directors as a Group              57,894,860        76.9%


                                       20
<PAGE>

(1)   All shares are  beneficially  owned by (a) DGN  Holdings,  LLC, a New York
      limited  liability  company in which Messrs.  Cirillo,  Pipolo and Rodgers
      each owns a 33.33%  interest,  (b) NexGen Energy,  LLC, a New York limited
      liability company in which Messrs. Cirillo, Pipolo and Rodgers each owns a
      33.33%  interest  and (c) NRG  Heat and  Power,  LLC,  a New York  limited
      liability  company in which  Messrs.  Cirillo  and Pipolo  each owns a 50%
      interest.

                            EQUITY COMPENSATION PLANS

As of March 31, 2005, our equity compensation plans were as follows:

<TABLE>
<CAPTION>
                                                                                                    NUMBER OF SECURITIES
                                                                                                  REMAINING AVAILABLE FOR
                                                                                                   FUTURE ISSUANCE UNDER
                                    NUMBER OF SECURITIES TO            WEIGHTED-AVERAGE             EQUITY COMPENSATION
                                   BE ISSUED UPON EXERCISE            EXERCISE PRICE OF               PLANS (EXCLUDING
                                    OF OUTSTANDING OPTIONS,         OUTSTANDING OPTIONS,            SECURITIES REFLECTED
         PLAN CATEGORY             WARRANTS AND RIGHTS (A)         WARRANTS AND RIGHTS (B)           IN COLUMN (A)) (C)
  -------------------------        ------------------------        ------------------------          ------------------
<S>                                <C>                                       <C>                          <C>
  Equity compensation plans                  None
     approved by security
           holders

  Equity compensation plans        6,160,000 (1),(2),(3)                     N/A                          3,840,000(3)
   not approved by security
           holders

            Total                          6,160,000                         N/.A                         3,840,000
</TABLE>

(1)   On February 9, 2004,  the Board of  Directors  approved the issuance of an
      aggregate of 6,000,0000  shares of common stock having an aggregate  value
      of $300,000 to two consultants for  professional  services to be rendered.
      These shares were issued on February 20, 2004 and have been valued as $.05
      per share based on the current market value.

(2)   On  November  1, 2004,  the  Company  entered  into a  financial  services
      agreement  with an unrelated  third-party  to perform  investor  relations
      services.  The  initial  term of the  agreement  was for a period of three
      months  automatic   extensions  for  successive  one  month  terms  unless
      cancelled by either  party.  Payment for services  rendered  included cash
      payments per month plus an equity  component of 160,000 Rule 144 shares of
      common,  which shares were issued on November 24, 2004.  These shares have
      been valued at $.05 per share based on the current market value.

(3)   Such securities have been issued or are issuable pursuant to the Company's
      2004 Stock  Incentive  Plan,  which is  described  below under the caption
      "Stock Incentive Plan."

STOCK INCENTIVE PLAN

On February 4, 2004, the Company filed an S-8 Registration Statement to register
10,000,000  shares of common stock at a proposed  maximum offering price of $.05
per share  under the  Company's  2004 Stock  Incentive  Plan (the  "Plan").  The
purpose  of the Plan is to  assist  in  attracting,  motivating,  retaining  and
compensating  highly  competent  key  employees,   non-employee   directors  and
consultants to achieve long-term corporate  objectives and to reduce debt of the
Company through the issuance of common stock rather than the payment of cash. An
aggregate of 160,000 and  6,000,000  common  shares were issued  pursuant to the
Plan during the years ended March 31, 2005 and 2004, respectively.


                                       21
<PAGE>

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

During the past two fiscal years, there have been no transactions between us and
any officer,  director,  nominee for election as  director,  or any  shareholder
owning greater than five percent (5%) of our outstanding  shares, nor any member
of the above referenced individuals' immediate family, except as follows:

During the fiscal  years ended March 31,  2005 and 2004,  the Company  purchased
heating oil for resale  from two  suppliers,  NRG Heat & Power,  LLC ("NRG") and
Flaw,  Inc.  ("Flaw"),  that are owned and  managed by the  Company's  officers,
directors  and  stockholders,  Messrs.  Cirillo  and  Pipolo,  in the  amount of
$549,701 and $295,983,  respectively or approximately 26% and 25%, respectively,
of total heating oil purchased.

During the fiscal  years  ended  March 31,  2005 and 2004,  the Company had fuel
sales of $60,172 and $13,867,  respectively, to the two related parties, NRG and
Flaw,  that are owned and  managed  by the  Company's  officers,  directors  and
stockholders, Messrs. Cirillo and Pipolo.

As of March 31, 2005 and 2004, the aggregate net amounts due to these  suppliers
were  $14,711  and  $17,748,  respectively,  and are  included in amounts due to
related parties in current liabilities.

On June 6,  2003,  we  entered  into  an  Agreement  and  Plan  of  Merger  with
ClickableOil   Acquisition  Corp.,  a  Delaware  corporation   wholly-owned  by,
ClickableOil.com,  Inc.,  a  Delaware  corporation  engaged in the  business  of
selling heating oil and related services to residential and commercial customers
in the New York metropolitan area,  Westchester County and Long Island,  Michael
J.  Connor,  The James  Group,  and DGN  Holdings,  LLC.  Under the terms of the
agreement, we acquired 100 percent of ClickableOil.com, Inc.'s stock in exchange
for the issuance by us of approximately 43 million shares of common stock to the
holders of  ClickableOil.  The new shares issued  constituted  approximately  90
percent  of  our   outstanding   shares   following   the  merger   transaction.
ClickableOil.com, Inc.'s founders, Messrs. Nicholas Cirillo, Jr., Guy Pipolo and
David Rodgers,  have been appointed our President,  Chief Operating  Officer and
Secretary,  respectively, and all have been duly appointed directors. Mr. Milton
Cotter,  former Chief Executive  Officer,  served as our Chief Executive Officer
until December 2003. Messrs.  Cotter and Berman resigned as directors on June 6,
2003.

Immediately after the ClickableOil.com,  Inc. merger transaction,  we executed a
Purchase and Sale Agreement with Milton Cotter, Eric Cotter,  Richard Berman and
other  former  directors  providing  for  the  sale  of  100%  of the  stock  in
Achievement  TEC,  Inc. and Career  Direction,  Inc. in exchange  for  6,428,073
shares of our common stock collectively  owned by them. We subsequently  retired
these shares.

On January 27, 2004, we issued  15,390,060  and  3,804,800  shares of restricted
common stock to NexGen Energy, LLC and NRG Heat & Power, Inc., respectively,  in
full satisfaction of $769,503 and $190,240  respectively of outstanding  related
party debt.  Also on January  27,  2004,  we issued  100,000,  100,000,  50,000,
200,000  and  100,000  shares  of  restricted  common  stock or  550,000  in the
aggregate,  to employees Eugene Defina,  Michelle Budet, Rosalba Callisto,  Paul
Kaufman and Maria Irizary, respectively, as additional compensation for services
rendered to the  Company.  These shares were valued at $.05 per share or $27,500
in the aggregate.

The  above-referenced  transactions  with our affiliates were made on terms that
are no less favorable to us than those  generally  available  from  unaffiliated
third parties.


                                       22
<PAGE>

ITEM 13. EXHIBITS

EXHIBIT NO.       DESCRIPTION

3(i)(a)          Articles of  Incorporation  (Incorporated  by  reference to our
                 Registration Statement on Form 10-SB).

3(i)(b)          Certificate  of  Amendment  (Incorporated  by  reference to our
                 Registration Statement on Form SB-2).

3(i)(c)          Certificate of Designations,  Preferences, and Rights of Series
                 A Convertible  Preferred Stock of Clickable  Enterprises,  Inc.
                 (Incorporated  by reference  to our Current  Report on Form 8-K
                 filed November 16, 2004)

3(ii)            Bylaws (Incorporated by reference to our Registration Statement
                 on Form 10-SB).

4.1              Silver Ramona Mining,  Inc. 10% Secured  Convertible  Debenture
                 due June 29, 2003 in the principal sum of  $794,119.79,  issued
                 to  AJW  Partners,   LLC  (Incorporated  by  reference  to  our
                 Registration Statement on Form SB-2 filed August 3, 2001).

4.2              Silver Ramona Mining,  Inc. 10% Secured  Convertible  Debenture
                 due June 29, 2003 in the principal sum of  $398,829.30,  issued
                 to  AJW  Partners,   LLC  (Incorporated  by  reference  to  our
                 Registration Statement on Form SB-2 filed August 3, 2001).

4.3              Silver Ramona Mining,  Inc. 10% Secured  Convertible  Debenture
                 due August 13, 2003 in the principal sum of $125,000, issued to
                 New  Millennium  Capital  Partners  II,  LLC  (Incorporated  by
                 reference  to our  Current  Report  on Form 8-K,  filed  August
                 14,2001).

4.4              Silver Ramona Mining,  Inc. 10% Secured  Convertible  Debenture
                 due August 13, 2003 in the principal sum of $125,000, issued to
                 AJW  Partners,  LLC  (Incorporated  by reference to our Current
                 Report on Form 8-K, filed August 14, 2001).

4.5              Security Agreement among the Company and the Initial Purchasers
                 (Incorporated  by reference to our Current  Report on Form 8-K,
                 filed July 17, 2001).

4.6              Intellectual  Property Security Agreement among the Company and
                 the  Initial  Purchasers  (Incorporated  by  reference  to  our
                 Current Report on Form 8-K, filed July 17, 2001).

4.7              Secured  Convertible  Debenture  Purchase Agreement dated as of
                 May 8, 2002  among  the  Company  and AJW  Partners,  LLC,  New
                 Millennium  Capital Partners II, LLC, Pegasus Capital Partners,
                 LLC and  AJW/New  Millennium  Offshore  Ltd.  (the  "Subsequent
                 Purchasers")  (Incorporated  by reference  to our  Registration
                 Statement on SB-2 filed June 21, 2002).

4.8              Registration  Rights  Agreement dated as of May 8, 2002,  among
                 the  Company and the  Subsequent  Purchasers  (Incorporated  by
                 reference to our Registration  Statement on SB-2 filed June 21,
                 2002).

4.9              Achievement   Tec  Holdings,   Inc.  10%  Secured   Convertible
                 Debenture  due May 8,  2003 in the  principal  sum of  $37,500,
                 issued to New Millennium Capital Partners II, LLC (Incorporated
                 by reference to our  Registration  Statement on SB-2 filed June
                 21, 2002).

4.10             Achievement   Tec  Holdings,   Inc.  10%  Secured   Convertible
                 Debenture  due May 8,  2003 in the  principal  sum of  $37,500,
                 issued to AJW Partners,  LLC  (Incorporated by reference to our
                 Registration Statement on SB-2 filed June 21, 2002).


                                       23
<PAGE>

4.11             Achievement   Tec  Holdings,   Inc.  10%  Secured   Convertible
                 Debenture  due May 8, 2003 in the  principal  sum of  $112,500,
                 issued  to  Pegasus  Capital  Partners,  LLC  (Incorporated  by
                 reference to our Registration  Statement on SB-2 filed June 21,
                 2002).

4.12             Achievement   Tec  Holdings,   Inc.  10%  Secured   Convertible
                 Debenture  due May 8, 2003 in the  principal  sum of  $112,500,
                 issued to AJW/New  Millennium  Offshore Ltd.  (Incorporated  by
                 reference to our Registration  Statement on SB-2 filed June 21,
                 2002).

4.13             Security   Agreement  among  the  Company  and  the  Subsequent
                 Purchasers  (Incorporated  by  reference  to  our  Registration
                 Statement on SB-2 filed June 21, 2002).

4.14             Intellectual  Property Security Agreement among the Company and
                 the  Subsequent  Purchasers  (Incorporated  by reference to our
                 Registration Statement on SB-2 filed June 21, 2002).

10.1             Independent  Contractor/Trucking  Agreement  dated  March  2004
                 (Incorporated   by  reference   to  our  Amended   Registration
                 Statement on Form SB-2/A filed on May 14, 2004).

10.2             Terminal Agreement dated October 2000 between  Clickableoil.com
                 and New Hyde Park Oil Terminal,  LLC (Incorporated by reference
                 to our Amended  Registration  Statement on Form SB-2/A filed on
                 May 14, 2004).

10.3             Independent   Contractor  Agreement  dated  June  2002  between
                 Clickableoil.com  and  NexGen  Energy,  LLC.  (Incorporated  by
                 reference to our Amended Registration  Statement on Form SB-2/A
                 filed on May 14, 2004).

14.1             Code of Ethics (filed herewith).

23.1             Consent of Accountants (filed herewith).

31.1             Rule 13a-14(a)  Certification of Nicholas  Cirillo,  Jr., Chief
                 Executive Officer (filed herewith).

31.2             Rule 13a-14(a)  Certification  of Guy Pipolo,  Chief  Financial
                 Officer (filed herewith).

32.1             Certification  Pursuant to 18 U.S.C.  Section  1350, as Adopted
                 Pursuant  to  Section  906 of the  Sarbanes-Oxley  Act of  2002
                 (filed herewith).

32.2             Certification  Pursuant to 18 U.S.C.  Section  1350, as Adopted
                 Pursuant  to  Section  906 of the  Sarbanes-Oxley  Act of  2002
                 (filed herewith).

(1) In the  case  of  incorporation  by  reference  to  documents  filed  by the
registrant  under  the  Securities  Exchange  Act  of  1934,  as  amended,   the
registrant's file number under the Exchange Act is 000-23737.


                                       24
<PAGE>

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

AUDIT FEES. The aggregate fees billed for professional  services rendered by the
Company's  principal  accountant  were  $54,078 and $67,595 for the audit of the
Company's annual financial  statements for the fiscal years ended March 31, 2005
and 2004, respectively,  and the reviews of the financial statements included in
the  Company's  Forms  10-QSB  for  those  fiscal  years  and the  filing of the
Company's Registration Statement in fiscal 2004.

AUDIT-RELATED FEES. No fees were billed in each of the last two fiscal years for
assurance and related  services by the principal  accountant that are reasonably
related to the  performance  of the audit or review of the  Company's  financial
statements and not reported under the caption "Audit Fees."

TAX  FEES.  No fees  were  billed  in each of the  last  two  fiscal  years  for
professional  services rendered by the principal  accountant for tax compliance,
tax advice and tax planning services.

ALL OTHER FEES.  Other than the  services  described  above,  no other fees were
billed by the principal accountant for the fiscal years ended March 31, 2005 and
2004.


                                       25
<PAGE>

                                   SIGNATURES

      In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused  this  amended  report  to be signed  on its  behalf by the  undersigned,
thereunto duly authorized.

                                       CLICKABLE ENTERPRISES, INC.


                                       By: /s/ Nicholas Cirillo, Jr.
                                           -------------------------------------
                                           Name:   Nicholas Cirillo, Jr.
                                           Title:  President and Chief Executive
                                                   Officer (Principal Executive
                                                   Officer)

                                           Date:   July 14, 2005

      In accordance  with the Exchange Act, this amended  report has been signed
below by the following persons on behalf of the registrant and in the capacities
and on the dates indicated.

<TABLE>
<CAPTION>
SIGNATURE                           TITLE                                                DATE
---------                           -----                                                ----
<S>                                 <C>                                                  <C>
/s/ Nicholas Cirillo, Jr.
------------------------------      President, Chief Executive Officer (Principal
Nicholas Cirillo, Jr.               Executive Officer) and Director                      July 14 , 2005

/s/ Guy Pipolo
------------------------------      Chief Operating Officer, Chief Financial Officer
Guy Pipolo                          (Principal Financial Officer) and Director           July 14, 2005

/s/ David Rodgers
------------------------------
David Rodgers                       Secretary and Director                               July 14, 2005
</TABLE>


                                       26
<PAGE>

                           CLICKABLE ENTERPRISES, INC.
                    (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY

                                    CONTENTS

PAGE        F-i        REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

PAGE        F-1        CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2005 AND 2004

PAGE        F-2        CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS
                       ENDED MARCH 31, 2005 AND 2004

PAGE        F-3        CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS'
                       DEFICIENCY FOR THE YEARS ENDED MARCH 31, 2005 AND 2004

PAGE      F-4-F-5      CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS
                       ENDED MARCH 31, 2005 AND 2004

PAGES    F-6-F-16      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF
                       MARCH 31, 2005 AND 2004

<PAGE>

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of:
  Clickable Enterprises, Inc.
  (formerly Achievement Tec Holdings, Inc.)

We have  audited  the  accompanying  consolidated  balance  sheets of  Clickable
Enterprises, Inc. (formerly Achievement Tec Holdings, Inc.) and Subsidiary as of
March 31, 2005 and 2004 and the related  consolidated  statements of operations,
changes in  stockholders'  deficiency  and cash flows for the years then  ended.
These consolidated  financial statements are the responsibility of the Company's
management.  Our  responsibility is to express an opinion on these  consolidated
financial statements based on our audits.

We conducted our audits in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and  perform  the  audits 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
audits provide a reasonable basis for our opinion.

In our opinion, the consolidated  financial statements referred to above present
fairly  in  all  material   respects,   the  financial   position  of  Clickable
Enterprises, Inc. (formerly Achievement Tec Holdings, Inc.) and Subsidiary as of
March 31, 2005 and 2004 and the results of their operations and their cash flows
for the years then ended in  conformity  with  accounting  principles  generally
accepted in the United States of America.

The accompanying  consolidated  financial statements have been prepared assuming
that the Company will  continue as a going  concern.  As discussed in Note 10 to
the consolidated financial statements,  the Company had a net loss of $1,254,402
and a negative  cash flow from  operations  of $830,668 for the year ended March
31,  2005 and a working  capital  deficiency  of  $268,768  and a  stockholders'
deficiency  of $2,460,431  at March 31, 2005.  These  matters raise  substantial
doubt about the Company's  ability to continue as a going concern.  Management's
plan in regards to these matters is also described in Note 10. The  accompanying
consolidated  financial  statements  do not include any  adjustments  that might
result from the outcome of this uncertainty.

WEINBERG & COMPANY, P.A.

Boca Raton, Florida
June 21, 2005

(Except for Note 11 as to which the date is July 5, 2005)


                                      F-i
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                          AS OF MARCH 31, 2005 AND 2004

<TABLE>
<CAPTION>
                                                                        2005             2004
                                                                    ----------------------------
<S>                                                                 <C>              <C>
ASSETS
Current Assets
  Cash                                                              $   372,909      $   130,902
  Accounts receivable, net                                              311,858          138,299
  Inventory                                                              16,592           11,143
  Prepaid expenses                                                       23,276           13,000
  Debt financing costs, net                                                  --           62,990
  Other current assets                                                       --              782
                                                                    ----------------------------
Total Current Assets                                                    724,635          357,116
Property and equipment, net                                              64,561           58,580
Intangible asset, net                                                   192,465               --
Other assets                                                             69,260            6,558
                                                                    ----------------------------
TOTAL ASSETS                                                        $ 1,050,921      $   422,254
                                                                    ============================

LIABILITIES & STOCKHOLDERS' DEFICIENCY
Current Liabilities
  Accounts payable and other accrued expenses                       $   375,556      $   372,757
  Note payable                                                          120,750               --
  Due to related parties                                                 14,711           17,748
  Customer deposits                                                      45,003           12,622
  Accrued interest                                                      437,382          458,738
  Convertible debentures, net of discount of $383,333                        --        2,134,616
                                                                    ----------------------------
  Total Current Liabilities                                             993,402        2,996,481

Long Term Liabilities
  Convertible debentures                                              2,517,949               --
                                                                    ----------------------------
TOTAL LIABILITIES                                                     3,511,351        2,996,481
                                                                    ----------------------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIENCY
Series A 6% cumulative preferred stock, $.001 par value,
    1,200 shares authorized, issued and outstanding                           1               --
Common stock, $.001 par value, 500,000,000
    shares authorized, 74,296,826 and 74,136,826 shares issued
    and outstanding, respectively                                        74,297           74,137
Additional paid-in capital                                            1,845,629          630,839
Deferred compensation                                                        --         (188,542)
Accumulated deficit                                                  (4,380,357)      (3,090,661)
                                                                    ----------------------------
TOTAL STOCKHOLDERS' DEFICIENCY                                       (2,460,430)      (2,574,227)
                                                                    ----------------------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY                      $ 1,050,921      $   422,254
                                                                    ============================
</TABLE>

           See accompanying notes to consolidated financial statements


                                      F-1
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                   FOR THE YEARS ENDED MARCH 31, 2005 AND 2004

                                                      2005              2004
                                                 ------------------------------

FUEL SALES (including related party sales of     $  2,442,466      $  1,879,565
$60,172 and $13,867, respectively)
COST OF SALES                                       2,357,275         1,627,129
                                                 ------------------------------
GROSS PROFIT                                           85,191           252,436
                                                 ------------------------------

OPERATING EXPENSES
     Selling, general and administrative              918,090           837,923
     Depreciation and amortization                     81,238            94,732
                                                 ------------------------------
TOTAL OPERATING EXPENSES                              999,328           932,655
                                                 ------------------------------

LOSS FROM OPERATIONS                                 (914,137)         (680,219)
                                                 ------------------------------

OTHER INCOME (EXPENSE)
     Forgiveness of accrued interest                  250,000                --
     Other income                                      22,886             2,204
     Interest expense                                (613,151)         (641,062)
                                                 ------------------------------
TOTAL OTHER INCOME (EXPENSE)                         (340,265)         (638,858)
                                                 ------------------------------

Loss before provision for income taxes             (1,254,402)       (1,319,077)

Provision for income taxes                                 --                --
                                                 ------------------------------

NET LOSS                                           (1,254,402)       (1,319,077)
                                                 ------------------------------

Amortization of beneficial conversion
     feature on Series A Preferred Stock              (35,294)               --
                                                 ------------------------------

Net loss available to common stockholders        $ (1,289,696)     $ (1,319,077)
                                                 ==============================

Net loss per share, basic and diluted            $      (0.02)     $      (0.03)
                                                 ==============================

Weighted average number of common shares
     outstanding - basic and diluted               74,192,936        51,480,641
                                                 ==============================


                                      F-2
<PAGE>

<TABLE>
<CAPTION>
           CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.) AND SUBSIDIARY
                   CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIENCY
                           FOR THE YEARS ENDED MARCH 31, 2005 AND 2004

                                                                                                       Additional
                                          Series A Preferred Stock            Common Stock               Paid in
                                            Shares        Amount          Shares         Amount          Capital
                                        ------------   ------------   ------------    ------------    ------------
<S>                                     <C>            <C>              <C>           <C>             <C>
Balance, April 1, 2003                            --   $         --     43,000,000    $     43,000    $    563,000
Liabilities from Merger with
      Achievement Tec                             --             --     10,320,039          10,320      (2,073,587)
Beneficial conversion feature of
     convertible debentures                       --             --             --              --         800,000
Cancellation of shares on sale of
      subsidiaries                                --             --     (6,428,073)         (6,428)          6,428
Stock issued to consultants for
      services                                    --             --      7,500,000           7,500         367,500
Amortization of deferred services                 --             --
Stock issued to employees for
     services                                     --             --        550,000             550          26,950
Stock issued for related party debt               --             --     19,194,860          19,195         940,548
Net loss, 2004                                    --             --             --              --              --
                                        ------------   ------------   ------------    ------------    ------------

Balance, March 31, 2004                           --             --     74,136,826          74,137         630,839
Amortization of deferred services                 --             --             --              --              --
Stock issued to consultant for
      services                                    --             --        160,000             160           7,840
Issuance of Series A preferred stock,
      net of transaction costs                 1,200              1             --              --       1,171,656
Amortization of Series A preferred
     stock beneficial conversion                  --             --             --              --          35,294
Net loss, 2005                                    --             --             --              --              --
                                        ------------   ------------   ------------    ------------    ------------

Balance, March 31, 2005                        1,200   $          1     74,296,826    $     74,297    $  1,845,629
                                        ============   ============   ============    ============    ============

<CAPTION>
                                          Deferred      Accumulated
                                        Compensation      Deficit          Total
                                        ------------    ------------    ------------
<S>                                     <C>             <C>             <C>
Balance, April 1, 2003                  $         --    $ (1,771,584)   $ (1,165,584)
Liabilities from Merger with
      Achievement Tec                             --              --      (2,063,267)
Beneficial conversion feature of
     convertible debentures                       --              --         800,000
Cancellation of shares on sale of
      subsidiaries                                --              --              --
Stock issued to consultants for
      services                              (300,000)             --          75,000
Amortization of deferred services            111,458                         111,458
Stock issued to employees for
     services                                                                 27,500
Stock issued for related party debt               --                         959,743
Net loss, 2004                                    --      (1,319,077)     (1,319,077)
                                        ------------    ------------    ------------

Balance, March 31, 2004                     (188,542)     (3,090,661)     (2,574,227)
Amortization of deferred services            188,542              --         188,542
Stock issued to consultant for
      services                                    --              --           8,000
Issuance of Series A preferred stock,
      net of transaction costs                    --              --       1,171,657
Amortization of Series A preferred
     stock beneficial conversion                  --         (35,294)             --
Net loss, 2005                                    --      (1,254,402)     (1,254,402)
                                        ------------    ------------    ------------

Balance, March 31, 2005                 $         --    $ (4,380,357)   $ (2,460,430)
                                        ============    ============    ============
</TABLE>

           See accompanying notes to consolidated financial statements


                                      F-3
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                          AS OF MARCH 31, 2005 AND 2004

<TABLE>
<CAPTION>
                                                                           2005             2004
                                                                       ----------------------------
<S>                                                                    <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net loss                                                            $(1,254,402)     $(1,319,077)
   Adjustments to reconcile net loss to net cash used in operating
    activities:
      Depreciation and amortization                                         81,238           94,732
      Provision for bad debts                                               31,297           10,452
      Amortization of beneficial conversion debt discount
       expense                                                             383,333          416,667
      Stock issued for services                                              8,000          213,958
      Recognition of deferred compensation                                 188,542               --
      Gain on debt forgiveness                                            (250,000)              --
   Changes in operating assets and liabilities:
   (Increase) decrease in:
      Accounts receivable                                                 (204,856)         (78,840)
      Inventory                                                             (5,448)            (243)
      Prepaid expenses                                                     (10,276)          64,905
      Other assets                                                         (61,922)          (5,602)
   Increase (decrease) in:
      Accounts payable and other accrued expenses                            2,801           11,746
      Accrued interest                                                     228,644          156,540
      Customer deposits                                                     32,381           (7,544)
                                                                       ----------------------------
   Net cash used in operating activities                                  (830,668)        (442,306)
                                                                       ----------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Acquisition of property and equipment                                   (20,945)         (64,035)
   Acquisition of intangible asset                                         (75,000)              --
                                                                       ----------------------------
   Net cash used in investing activities                                   (95,945)         (64,035)
                                                                       ----------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Decrease in due to related parties                                       (3,037)         (21,174)
   Net proceeds from issuance of convertible debentures                         --          650,500
   Net proceeds from issuance of preferred stock                         1,171,657               --
                                                                       ----------------------------
   Net cash provided by financing activities                             1,168,620          629,326
                                                                       ----------------------------

NET INCREASE IN CASH                                                       242,007          122,985
CASH AT BEGINNING OF YEAR                                                  130,902            7,917
                                                                       ----------------------------

CASH AT END OF YEAR                                                    $   372,909      $   130,902
                                                                       ============================
</TABLE>

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

NON-CASH INVESTING AND FINANCING ACTIVITIES:

During the year ended March 31,  2005,  the  purchase  price of a customer  list
acquired  by the Company in the amount of  $195,750  included a note  payable of
$120,750.

           See accompanying notes to consolidated financial statements


                                      F-4
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                          AS OF MARCH 31, 2005 AND 2004

In  relation  to the June 6, 2003  merger and  recapitalization,  no assets were
carried  over from the legal  survivor  and  $345,318  of  accounts  payable and
accrued expenses and $1,717,949 of convertible  debentures of the legal acquirer
were assumed.

During the year ended March 31, 2004,  the Company  issued  7,500,000  shares of
common stock having a value of $375,000 in the aggregate,  to three  consultants
for professional services rendered and to be rendered to the Company.

During the year ended March 31,  2004,  the  Company  issued  550,000  shares of
restricted common stock valued at $27,500 in the aggregate, to five employees as
additional compensation.

During the year ended March 31, 2004, the Company  settled in full related party
debt in the aggregate amount of $959,743 by the issuance of 19,194,860 shares of
restricted common stock at $.05 per share.

           See accompanying notes to consolidated financial statements


                                      F-5
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

NOTE 1    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

          (A) ORGANIZATION AND RECENT COMPANY HISTORY

          Clickable Enterprises, Inc. (formerly Achievement Tec Holdings, Inc.),
          through   its   wholly-owned   subsidiary    ClickableOil.com,    Inc.
          ("ClickableOil.com")  (incorporated  in the State of Delaware on April
          4, 2000),  provides a low cost and highly efficient means of servicing
          the heating oil market through an Internet based  approach.  Clickable
          Enterprises, Inc. and ClickableOil.com,  (collectively, the "Company")
          streamline the process of heating oil ordering and delivering  through
          providing a more  accessible  point of contact for the  customer.  The
          Company  subcontracts  with local  delivery  companies  to deliver the
          heating oil to its customers.

          On June 6, 2003,  Achievement  Tec Holdings,  Inc., a publicly  traded
          Delaware corporation, (incorporated on April 26, 2000) entered into an
          Agreement and Plan of Merger with  ClickableOil  Acquisition  Corp., a
          Delaware  corporation and  wholly-owned  subsidiary of Achievement Tec
          Holdings,  Inc.,  that  was  incorporated  for  the  sole  purpose  of
          acquiring   ClickableOil.com.   Under  the  terms  of  the  agreement,
          Clickable  Oil  Acquisition  Corp.  acquired 100 percent of the common
          stock of  ClickableOil.com  in exchange for the issuance of 43 million
          shares of Achievement Tec Holding,  Inc.'s common stock to the holders
          of  ClickableOil.com.  At the time of the merger  agreement there were
          10,320,039 shares of Achievement Tec Holdings,  Inc.  outstanding (See
          Note 7 (A)).

          On June 6,  2003,  Achievement  Tec  Holdings  Inc.  also  executed  a
          Purchase  and  Sale  Agreement  with  former  directors  and  officers
          providing  for the sale to them of 100% of the  stock  in  Achievement
          Tec,  Inc.  and  Career  Direction,  Inc.,  at the  time  wholly-owned
          subsidiaries  of Achievement  Tec Holdings,  Inc., in exchange for the
          6,428,073  shares of Achievement Tec Holdings,  Inc. common stock that
          they collectively  owned. These shares were subsequently  retired (See
          Note 7(B)).  In December  2003,  an  amendment to the  certificate  of
          incorporation of Achievement Tec Holdings,  Inc. changed its name from
          Achievement  Tec  Holdings,   Inc.  to  Clickable  Enterprises,   Inc.
          ClickableOil.com  survives as a  wholly-owned  subsidiary of Clickable
          Enterprises,  Inc., engaged in the business of selling heating oil and
          related services.

          Generally  accepted  accounting  principles  in the  United  States of
          America require that the company whose shareholders  retain a majority
          interest  in a business  combination  be treated as the  acquirer  for
          accounting purposes. ClickableOil.com is the accounting acquirer. As a
          result, the exchange was treated as a  recapitalization  and Clickable
          Enterprises,  Inc. (formerly Achievement Tec Holdings, Inc., the legal
          acquirer)  adopted the March 31 fiscal  year end of  ClickableOil.com.
          Accordingly,   the  accompanying   consolidated  financial  statements
          include the following:

          1.The  consolidated  balance  sheets  as of  March  31,  2005 and 2004
          consist of the net assets of  ClickableOil.com  at historical cost and
          the net assets of the legal acquirer at historical  cost from the date
          of acquisition.

          2. The consolidated statements of operations include the operations of
          the accounting  acquirer for the years presented and the operations of
          the legal acquirer from the date of the merger.

          (B) REVENUE RECOGNITION

          The Company recognizes revenue at the time heating oil is delivered to
          customers.

          (C)  CONCENTRATIONS  OF CREDIT RISK FROM DEPOSITS IN EXCESS OF INSURED
          LIMITS

          The Company's  cash balances on deposit with two banks are  guaranteed
          by the  Federal  Deposit  Insurance  Corporation  up to  $100,000  per
          banking institution. The Company is exposed to risk for the amounts of
          funds  held  in  one  bank  in  excess  of  the  insurance   limit  by
          approximately $195,000. In assessing the risk, the Company's policy is
          to maintain cash balances with high quality financial institutions.


                                      F-6
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

          (D) INVENTORY

          Inventory consists primarily of heating oil and is valued at the lower
          of cost (first-in, first-out) or market.

          (E) PROPERTY AND EQUIPMENT

          Property   and   Equipment   are  stated  at  cost  less   accumulated
          depreciation.  Expenditures for maintenance and repairs are charged to
          expense as incurred.  Depreciation is provided using the straight-line
          method  over the  estimated  useful  lives of the assets from three to
          five years.  These  long-lived  assets are  generally  evaluated on an
          individual  basis in making a determination  as to whether such assets
          are impaired.  Periodically, the Company reviews its long-lived assets
          for  impairment  based on  estimated  future  undiscounted  cash flows
          attributed  to the  assets.  In the  event  such  cash  flows  are not
          expected to be sufficient to recover the recorded value of the assets,
          the assets are written down to their estimated fair values.  There has
          been no  impairment  loss  recorded for the years ended March 31, 2005
          and 2004.

          (F) INCOME TAXES

          Deferred tax assets and  liabilities are recognized for the future tax
          consequences   attributable  to  differences   between  the  financial
          statement  carrying  amounts of existing  assets and  liabilities  and
          their  respective tax basis.  Deferred tax assets and  liabilities are
          measured  using enacted tax rates  expected to apply to taxable income
          in the years in which those  temporary  differences are expected to be
          recovered   or  settled.   The  effect  on  deferred  tax  assets  and
          liabilities  of a change in tax rates is  recognized  in income in the
          period that includes the enactment date.

          The  Company  recorded  no current  or  deferred  income  tax  expense
          (benefit)  for the years ended  March 31, 2005 and 2004.  As set forth
          below, the deferred tax asset of approximately $2,706,000 arising from
          the Company's  ability to carry  forward its net  operating  losses of
          approximately  $7,959,000  to future years  expiring at various  dates
          through  2025 has been fully offset by a valuation  allowance  because
          the future utilization of the deferred tax asset is uncertain:

<TABLE>
<CAPTION>
                                        DEFERRED TAX      VALUATION       DEFERRED TAX
                                        ASSET, GROSS      ALLOWANCE        ASSET, NET
                                        ------------     ------------     ------------
<S>                                     <C>              <C>              <C>
            Balance, March 31, 2004     $  2,280,000     $  2,280,000     $         --
            Increase during year             426,000          426,000               --
                                        ------------     ------------     ------------
            Balance, March 31, 2005     $  2,706,000     $  2,706,000     $         --
                                        ============     ============     ============
</TABLE>

          The net operating loss  carryforward may be restricted in future years
          under Section 382 of the Internal Revenue Code.

          (G) USE OF ESTIMATES

          In  preparing  financial  statements  in  conformity  with  accounting
          principles  generally  accepted in the United  States,  management  is
          required to make  estimates and  assumptions  that affect the reported
          amounts of assets and  liabilities  and the  disclosure  of contingent
          assets and  liabilities  at the date of the financial  statements  and
          revenues and expenses during the reported period. Actual results could
          differ from those estimates.

          (H) FAIR VALUE OF FINANCIAL INSTRUMENTS

          The carrying amounts of the Company's financial instruments, including
          cash,  accounts   receivable,   accounts  payable  and  other  accrued
          expenses,  note payable and related party payables,  approximate  fair
          value  due to the  short-term  maturities  of these  instruments.  The
          carrying value of the  convertible  debentures  approximates  the fair
          value based on the effective interest rates compared to current market
          rates. Long-term debt consisting of convertible debentures approximate
          fair value based upon debt terms for entities under similar terms.


                                      F-7
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

          (I) ADVERTISING COSTS

          Costs incurred for  advertising are charged to operations as incurred.
          Advertising  expenses for the years ended March 31, 2005 and 2004 were
          $67,042 and $109,445, respectively.

          (J) LOSS PER SHARE

          Basic and diluted net loss per common  share for the years ended March
          31, 2005 and 2004 are computed based upon the weighted  average number
          of common shares  outstanding.  The assumed conversion of common stock
          equivalents  was not included in the  computation  of diluted loss per
          share   because  the  assumed   conversion   and  exercise   would  be
          anti-dilutive due to net losses incurred in all periods.  Based on the
          closing  market price of the Company's  common on March 31, 2005,  the
          conversion  of its  convertible  debentures  and Series A  convertible
          preferred  stock  would have  resulted in the  issuance of  additional
          common shares in the amount of 16,786,327 and 4,705,882, respectively.
          In addition to the effect of the assumed conversions,  4,000,000 stock
          purchase  warrants were  exercisable  at March 31, 2005,  and also not
          included in the weighted average number of common shares outstanding.

          (K) RECENT ACCOUNTING PRONOUNCEMENTS

          In November  2004, the FASB issued  Statement of Financial  Accounting
          Standards  No.  151,  "Inventory  Costs".  This  statement  amends the
          guidance  in ARB No. 43 Chapter 4 Inventory  Pricing to require  items
          such as idle facility costs,  excessive  spoilage,  double freight and
          rehandling  costs to be expenses in the current period,  regardless if
          they are abnormal amounts or not. This Statement will become effective
          for the Company in the first  quarter of fiscal  2006.  The Company is
          primarily a service  provider and as such the adoption of SFAS No. 151
          is not expected to have significant effect on the Company's  financial
          statements.

          In  December  2004,  the FASB  issued  SFAS No.  123(R),  "Share-Based
          Payment"  ("SFAS No.  123(R)").  SFAS No. 123(R) revises SFAS No. 123,
          "Accounting for Stock-Based  Compensation" ("SFAS 123") and supersedes
          APB Opinion No. 25,  "Accounting for Stock Issued to Employees".  SFAS
          123(R) focuses  primarily on the accounting for  transactions in which
          an  entity   obtains   employee   services  in   share-based   payment
          transactions.  SFAS 123(R)  requires  companies  to  recognize  in the
          statement  of  operations  the cost of employee  services  received in
          exchange for awards of equity instruments based on the grant-date fair
          value of these  awards  (with  limited  exceptions).  SFAS  123(R)  is
          effective  as of the first  interim or annual  reporting  period  that
          begins after June 15, 2005 for  non-small  business  issuers and after
          December 15, 2005 for small business issuers. Accordingly, the Company
          will  adopt SFAS  123(R) in its  quarter  ending  June 30,  2006.  The
          Company is currently  evaluating the provisions of SFAS 123(R) and has
          not  yet  determined  the  impact,  if any,  that it will  have on its
          financial statement presentation or disclosures.

          In May 2005,  the FASB issued SFAS No.  154,  "Accounting  Changes and
          Error Corrections" ("SFAS 154") which replaces  Accounting  Principles
          Board Opinions No. 20 "Accounting  Changes" and SFAS No. 3, "Reporting
          Accounting Changes in Interim Financial Statements-An Amendment of APB
          Opinion No. 28." SFAS 154 provides  guidance on the accounting for and
          reporting of accounting changes and error corrections.  It establishes
          retrospective  application,  or the latest  practicable  date,  as the
          required method for reporting a change in accounting principle and the
          reporting  of a  correction  of an error.  SFAS 154 is  effective  for
          accounting  changes and  corrections  of errors  made in fiscal  years
          beginning after December 15, 2005 and is required to be adopted by the
          Company in the first quarter of fiscal 2007.  The Company is currently
          evaluating  the effect that the  adoption of SFAS 154 will have on its
          consolidated results of operations and financial condition.

          (L) STOCK BASED COMPENSATION

          Statement of Financial  Accounting  Standards No. 123, "Accounting for
          Stock-Based  Compensation"  (SFAS 123), requires that companies either
          recognize  compensation  expense for grants of stock options and other
          equity instruments based on fair value or provide pro forma disclosure
          of net  income  (loss)  per  share on the  notes  to the  consolidated
          financial statements.  Statement of Financial Accounting Standards No.
          148,  "Accounting  for  Stock-Based   Compensation  -  Transition  and
          Disclosure  - an  amendment  of FASB  Statement  No. 123," (SFAS 148),
          amends SFAS 123 to provide  alternative  methods of  transition  for a
          voluntary  change to the  fair-value-based  method of  accounting  for
          stock-based employee  compensation.  In addition,  SFAS 148 amends the
          disclosure  requirements  of SFAS 123 to require  disclosures  in both
          annual and interim financial statements about the method of accounting
          for  stock-based  employee  compensation  and the effect of the method
          used on reported results. The Company has elected to follow APB 25 and
          related  interpretations  in accounting  for employee  stock  options.
          Under APB 25,  because the exercise  price of employee  stock  options
          equals the market price of the underlying  stock on the date of grant,
          no  compensation  expense is  recorded.  The  Company  has adopted the
          disclosure  requirements  of  SFAS  no.  148.  Pro  forma  information
          regarding  net income and  earnings  per share is required by SFAS 123
          and has  been  determined  as if the  Company  had  accounted  for its
          employee stock options under the fair value method of that  statement.
          There were no stock options  outstanding during the periods presented.
          Accordingly,  pro forma amounts as to net income (loss) and net income
          (loss) per share have not been presented.


                                      F-8
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

          (M) SEGMENT INFORMATION

          The Company's business is organized,  managed and internally  reported
          as a single  segment.  All  revenues  except  immaterial  amounts  are
          derived  from  the  sale of  heating  oil in the  northeastern  United
          States.

NOTE 2    ACCOUNTS RECEIVABLE

          Accounts  receivable  as of March 31, 2005 and 2004  consisted  of the
          following:

                                                        2005           2004
                                                     ---------      ---------
            Accounts receivable-trade                $ 320,237      $ 152,707
            Less allowance for doubtful accounts        (8,379)       (14,408)
                                                     ---------      ---------
                                                     $ 311,858      $ 138,299
                                                     =========      =========

          For the years ended March 31, 2005 and 2004, the Company  recorded bad
          debt expense of $31,297 and $10,452, respectively.

NOTE 3    PROPERTY AND EQUIPMENT

          Property and equipment as of March 31, 2005 and 2004  consisted of the
          following:

                                                       2005           2004
                                                     --------       --------

            Office equipment                         $  9,422       $  9,358
            Computer equipment and software            84,472         63,592
                                                     --------       --------
                                                       93,894         72,950
            Less: accumulated depreciation            (29,333)       (14,370)
                                                     --------       --------

                                                     $ 64,561       $ 58,580
                                                     ========       ========

          Total depreciation expense for the years ended March 31, 2005 and 2004
          was $14,963 and $8,222, respectively.

NOTE 4    DEBT FINANCING COSTS

          Debt  financing  costs,  which relate to the  $800,000 of  convertible
          debentures  (See Note 6), as of March 31, 2005 and 2004  consisted  of
          the following:


                                      F-9
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

                                                   2005            2004
                                                ---------       ---------

            Debt financing costs                $ 149,500       $ 149,500
            Less: accumulated amortization       (149,500)        (86,510)
                                                ---------       ---------

                                                $      --       $  62,990
                                                =========       =========

          Total amortization expense for the years ended March 31, 2005 and 2004
          was $62,990 and $86,510, respectively.

NOTE 5    INTANGIBLE ASSET

          The Company  entered into an Agreement of Sale dated February 10, 2005
          under  which  the  Company  acquired  the  assets  of  a  heating  oil
          distributor,   principally  its  customer  list.  The  purchase  price
          consists of a $75,000  payment at closing and a promissory  note for a
          contingent  payment due  January 10,  2006.  The  contingent  payment,
          estimated at $120,750,  will be based on a formula utilizing the gross
          profit realized on heating oil sold to the purchased  customers in the
          12-month  period  ending  January 10,  2006.  At March 31,  2005,  the
          intangible asset consisted of the following:

            Customer list                                         $ 195,750
            Less: accumulated amortization                           (3,285)
                                                                  ---------
                                                                  $ 192,465
                                                                  =========

          The purchase  price of $195,750 is being  amortized over an eight year
          period.  Total amortization  expense for the year ended March 31, 2005
          was  $3,285.  Remaining  amortization  of the  purchase  price will be
          expensed as follows:

           YEARS ENDING MARCH 31,                                   AMOUNT
            2006                                                   $ 24,469
            2007                                                     24,469
            2008                                                     24,469
            2009                                                     24,469
            2010                                                     24,469
            Thereafter                                               70,120
                                                                   --------
                                                                   $192,465
                                                                   ========

          The following pro forma  information is based on the  assumption  that
          the acquisition  took place as of April 1, 2003. The pro forma results
          are not  necessarily  indicative of what actually  might have occurred
          had the acquisition been in effect for the periods presented.

                                                        2005          2004
                                                    -----------   -----------
                                                    (unaudited)   (unaudited)

            Total Fuel Sales                        $ 2,783,466   $ 2,212,565

            Net Loss                                $(1,230,590)  $(1,261,358)
                                                    ===========   ===========

            Net loss per share, basic and diluted   $     (0.02)  $     (0.02)
                                                    ===========   ===========

NOTE 6    CONVERTIBLE DEBENTURES

          On June 29,  2001,  and August 13,  2001,  the  Company  entered  into
          Secured Convertible  Debenture Purchase and Exchange Agreements by and
          among the Company and AJW  Partners,  LLC and New  Millennium  Capital
          Partners  II,  LLC  (the  "Purchasers").   Pursuant  to  the  Purchase
          Agreements, the Purchasers agreed, subject to the terms and conditions
          of the Purchase Agreements,  to purchase an aggregate principal amount
          of $1,192,949 and $250,000, respectively, of the Company's 10% Secured
          Convertible  Debentures,  originally  due June 29, 2003 and August 13,
          2003, respectively.  The debentures are convertible into shares of the
          Company's common stock, (the "Common Stock"). As consideration for the
          purchase of the  debentures,  the Purchasers  (i) paid $500,000;  (ii)
          exchanged  convertible  debentures  of the  Company  in the  aggregate
          principal and accrued interest amount of $105,019; and (iii) exchanged
          586,375 shares of Common Stock.


                                      F-10
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

          On  May  8,  2002,  the  Company  entered  into   additional   Secured
          Convertible  Debenture  Purchase  and  Exchange  Agreements  with  AJW
          Partners,  LLC,  New  Millennium  Capital  Partners  II, LLC,  Pegasus
          Capital Partners,  LLC and AJW/New Millennium  Offshore,  Ltd., all of
          whom  are  stockholders  of the  Company,  whereby  the  Company  sold
          $300,000 of one-year  10% Secured  Convertible  Debentures  due May 8,
          2003,  convertible  into shares of Common Stock.  The  debentures  are
          convertible,  at the holder's  option,  into shares of Common Stock in
          whole or in part at any time after the original issue date.

          During fiscal 2002,  the Company  issued  416,666 shares of its common
          stock to an affiliate of AJW Partners,  LLC and New Millennium Capital
          Partners II, LLC to settle $25,000 of the convertible debentures.

          The balance of the  aforementioned  convertible  debentures  that were
          originally  issued by  Achievement  Tec  Holdings,  Inc.  prior to the
          merger and  recapitalization,  were  assumed by the Company as part of
          the ClickableOil.com merger.

          On  June  6,  2003,   coincident  with  the  ClickableOil.com   merger
          transaction,   the  Company  entered  into  a  debt  modification  and
          extension agreement with the above bondholders wherein the bondholders
          agreed  to (i)  extend  the  maturity  of all  of the  Company's  then
          existing convertible debentures,  as described above, to June 6, 2004;
          (ii) waive all  penalties  accrued  pursuant to the June 2001,  August
          2001 and May 2002 debentures; (iii) release their security interest in
          the  Company's  assets with the Company  granting  the  bondholders  a
          security interest in all of the assets of ClickableOil.com, Inc.; (iv)
          modify the optional prepayment  provisions of the debentures;  and (v)
          conform the conversion price on all of the debentures to equal the 50%
          conversion price of the June 2003 debentures (see below).

          Also on June 6, 2003 and coincident with the  ClickableOil.com  merger
          transaction,  the Company entered in a Securities  Purchase  Agreement
          with AJW  Partners,  LLC and its  related  funds for  $800,000  of 10%
          one-year secured  convertible  debentures and 4,000,000 stock purchase
          warrants expiring June 5, 2008. The debentures are convertible, at the
          holder's  option,  into shares of common  stock in whole or in part at
          any time after the original issue date. The number of shares of Common
          Stock  issuable  upon a conversion is to be determined by dividing the
          outstanding  principal  amount of the debenture to be converted,  plus
          related  accrued  interest,  by the conversion  price.  The conversion
          price in effect on any conversion  date was the lesser of $.05 and 50%
          of the  average of the three day  lowest bid prices  during the twenty
          trading days immediately preceding the applicable conversion date. The
          stock purchase warrants have an exercise price equal to the average of
          the three day  lowest  bid  prices  during  the  twenty  trading  days
          immediately preceding the filing of a registration statement.

          On June 6,  2003,  the  Company  closed on  $300,000  of the  $800,000
          convertible  debentures  with  additional  closings  of  $300,000  and
          $200,000  occurring at the time the Company  became  current in all of
          its SEC filings and files a  registration  statement  registering  the
          underlying  shares,  respectively.  The Company also issued  1,500,000
          stock purchase warrants on the above closing. On November 3, 2003, the
          Company closed on an additional $300,000 of the convertible debentures
          maturing on November 3, 2004 and issued an additional  1,500,000 stock
          purchase  warrants  subsequent  to becoming  current in all of its SEC
          filings. On January 16, 2004, the Company closed on the final $200,000
          of the convertible  debentures maturing on January 16, 2005 and issued
          an additional  1,000,000 stock purchase warrants  subsequent to filing
          the aforementioned registration statement.

          See Note 1(J) for the  potentially  dilutive effect of the convertible
          debentures and the stock purchase warrants.

          Prior  to  a  restructuring  on  October  15,  2004,  the  convertible
          debentures issued in 2001, 2002 and June 2003 (aggregating  $2,017,949
          before discount) had matured and were in default. On October 15, 2004,
          the Company  entered into a letter  agreement  with the holders of the
          convertible  debentures  whereby  certain  provisions of the debenture
          agreements were amended as follows:


                                      F-11
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

            1.    Extension   of  the   then-expired   maturity   dates  of  all
                  convertible debentures to October 15, 2007;

            2.    Modification  of  the  conversion  price  by  eliminating  the
                  ceiling price of $.05 per share;

            3.    Lowering the interest rate to 8% from 10%; and

            4.    Forgiveness of $250,000 of interest accrued and unpaid for the
                  debentures. The gain associated with this reduction in accrued
                  interest  is  reported  in  the  accompanying   statements  of
                  operations.

          As of March 31, 2005, the Company owed, in the  aggregate,  $2,517,949
          on  all of the  long-term  convertible  debentures,  and  $437,382  of
          related accrued interest, which is included in current liabilities.

          The warrants have a fair value of zero as calculated on the grant date
          using the  Black-Scholes  option  pricing model as required under FASB
          123  with the  following  assumptions:  expected  dividend  yield  0%,
          volatility 0%, risk-free  interest rate 4.5% and expected life of five
          years. As of March 31, 2005, no warrants have been exercised.

          The convertible  debentures  contain a beneficial  conversion  feature
          computed at its intrinsic  value which is the  difference  between the
          conversion  price and the fair market  value of the  Company's  common
          stock on the  debenture  issuance  date,  multiplied  by the number of
          shares  into which the debt is  convertible  at the  commitment  date.
          Since the  beneficial  conversion  feature is to be settled by issuing
          equity, the amount attributed to the beneficial conversion feature, or
          an aggregate  of $800,000  through  March 31, 2004,  was recorded as a
          discount on the debt and as a component of additional  paid-in capital
          and  was  accreted  over  12-month  periods  as  interest  expense  in
          accordance  with EITF  00-27.  For the years  ended March 31, 2005 and
          2004, the Company  accreted  $383,333 and $416,667,  respectively,  of
          debt discount as interest expense.

NOTE 7    STOCKHOLDERS' DEFICIENCY

          (A) STOCK ISSUED IN MERGER AND RECAPITALIZATION

          In June 2003,  the  Company  issued  43,000,000  shares of  restricted
          common  stock to the former  shareholders  of  ClickableOil.com,  Inc.
          pursuant to the terms of the June 6, 2003 merger transaction.  As part
          of the merger transaction,  the Company's common stock changed from no
          par value to .001 par value. The accompanying  consolidated  financial
          statements have been  retroactively  restated to reflect the change in
          par value.  As part of the merger  agreement,  no assets,  but certain
          obligations of Achievement Tec, Inc. and Career Direction, Inc. in the
          amount of $2,063,267, were retained by the accounting acquirer.

          (B) STOCK CANCELLATION

          On June 6, 2003, the Company executed a Purchase and Sale Agreement by
          and  between  the Company  and former  directors  and  officers of the
          Company  (collectively,  the "Sellers") providing for the sale of 100%
          of the stock of the Company's then inactive subsidiaries,  Achievement
          Tec, Inc. and Career Direction,  Inc., in exchange for the delivery of
          6,428,073 shares of the Company's common stock  collectively  owned by
          the Sellers.  The Company  subsequently  retired these  shares.  These
          subsidiaries   ceased  operations  on  or  before  June  6,  2003  and
          consequently  had no impact on the Company's loss from  operations for
          the year ended  March 31,  2004.  No gain or loss  resulted  from this
          transaction.

          (C) STOCK INCENTIVE PLAN

          On February 4, 2004, the Company filed an S-8  Registration  Statement
          to register  10,000,000  shares of common stock at a proposed  maximum
          offering  price of $.05 per  share  under  the  Company's  2004  Stock
          Incentive  Plan (the "Plan").  The purpose of the Plan is to assist in
          attracting,  motivating,  retaining and compensating  highly competent
          key  employees,  non-employee  directors  and  consultants  to achieve
          long-term  corporate  objectives  and to  reduce  debt of the  Company
          through the  issuance of common stock rather than the payment of cash.
          An  aggregate  of 160,000  and  6,000,000  common  shares  were issued
          pursuant  to the Plan  during the years ended March 31, 2005 and 2004,
          respectively.


                                      F-12
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

          (D) STOCK ISSUED FOR SERVICES

          On July 2, 2003, the Company  issued  750,000  shares each  (1,500,000
          shares in the aggregate) to two consultants, having a value of $37,500
          each ($75,000 in the aggregate),  for professional  services rendered.
          These  shares  have been valued at $.05 per share based on the current
          market  value and expensed  during the year ended March 31,  2004.  On
          February  9, 2004,  the  Company's  Board of  Directors  approved  the
          issuance of 2,250,000 and 3,750,000 shares,  respectively,  (6,000,000
          shares in the  aggregate,  issued under the 2004 Stock  Incentive Plan
          (See  Note  7(C)  above))  having a value  of  $112,500  and  $187,500
          ($300,000 in the  aggregate)  to two  consultants,  respectively,  for
          professional  services  to be  rendered.  These  shares were issued on
          February  20, 2004 and have been valued at $.05 per share based on the
          current  market  value.  The value of these shares had been  initially
          recorded as deferred compensation in stockholders' deficiency and were
          being expensed as service was performed. For the years ended March 31,
          2005 and 2004, the Company recorded consulting expense of $188,542 and
          $111,458, respectively, to amortize such deferred compensation.

          On November 1, 2004,  the Company  entered  into a financial  services
          agreement with an unrelated third party to perform investor  relations
          services.  The initial term of the agreement was for a period of three
          months  automatic  extensions  for  successive  one month terms unless
          cancelled  by either  party.  Payment for services  rendered  shall be
          $4,000 per month plus an equity component of 160,000 restricted shares
          of common stock  issued on November  24, 2004.  These shares have been
          valued at $.05 per share based on the current  market  value.  For the
          year ended March 31, 2005, the Company recorded  consulting expense of
          $8,000 for the equity component.

          (E) STOCK ISSUED TO EMPLOYEES

          On January 27, 2004,  the Board of Directors  approved the issuance of
          550,000 shares of restricted  common stock, in the aggregate,  to five
          employees as  additional  compensation  for  services  rendered to the
          Company. These shares have been valued at $.05 per share, based on the
          current market value and accordingly, $27,500 has been expensed during
          the year ended March 31, 2004.

          (F) STOCK ISSUED FOR RELATED PARTY DEBT

          On January 27, 2004,  the Company  issued an  aggregate of  19,194,860
          shares of restricted  common stock valued at $.05 per share,  based on
          the  current  market  value,  in  full  satisfaction  of  $959,743  of
          outstanding related party debt at that date.

          (G) PREFERRED STOCK ISSUED FOR ADDITIONAL FINANCING FROM RELATED PARTY

          Contemporaneously with the restructuring of the convertible debentures
          described  in  Note  6,  the  Company  sold  to  the  holders  of  the
          convertible  debentures 1,200 shares of Series A Convertible Preferred
          Stock ("Series A Preferred Stock"),  par value $.001 per share, Stated
          Value $1,000 per share,  in exchange for cash  proceeds of  $1,171,657
          net of transaction costs of $28,343. The holders of Series A Preferred
          Stock are entitled to receive cumulative cash dividends of six percent
          (6%) per annum,  payable in arrears on March 31, June 30, September 30
          and December 31 of each year,  commencing  December  31, 2004,  out of
          funds  legally  available  thereof.  The Company  had a  stockholders'
          deficiency  at March 31,  2005;  accordingly  it did not have  legally
          available funds  available to declare and pay a dividend.  As of March
          31, 2005,  dividend  arrearage  on the Series A  Cumulative  Preferred
          Stock aggregated $36,000. Other provisions include:

            1.    In the event dividends are distributed to holders of shares of
                  common stock, the holders of Series A Preferred Stock shall be
                  entitled to receive dividends on a pari passu basis.

            2.    In  the  event  of a  Liquidation  Event,  as  defined  in the
                  Certificate  of  Designation,  Preferences,  and Rights of the
                  Series A Preferred Stock (the  "Certificate of  Designation"),
                  the holders of Series A Preferred Stock shall be entitled to a
                  Liquidation Preference consisting of the Stated Value, accrued
                  and unpaid dividends, and any other amounts owed.


                                      F-13
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

            3.    Mandatory redemption  provisions are effective if and when the
                  Company  fails to issue  shares of common  stock to holders of
                  the Series A  Preferred  Stock  upon  exercise  of  conversion
                  rights, or the common stock of the Company fails, after having
                  been   initially    listed,    to   remain   listed   on   the
                  Over-the-Counter   Bulletin  Board,  Nasdaq  National  Market,
                  Nasdaq  SmallCap  Market,  New York Stock Exchange or American
                  Stock  Exchange,  for any  reason  within  the  control of the
                  Company.

            4.    The  Company  may  elect to  optionally  redeem  the  Series A
                  Preferred Stock in an amount equal to 120% of the stated value
                  of each  share,  accrued and unpaid  dividends,  and any other
                  amounts owed.

            5.    Each share of Series A  Preferred  Stock is  convertible  into
                  common shares at the Conversion  Price generally set at 85% of
                  the  average of the lowest  three  Average  Daily  Prices,  as
                  defined the  Certificate  of  Designation,  for the  Company's
                  common  stock  during the 20-day  trading  period prior to the
                  date of a conversion notice. See Note 1(J) for the potentially
                  dilutive effect of the Series A Preferred Stock. In connection
                  with this discounted  conversion feature, the Company recorded
                  a  discount  to  Series A  Preferred  Stock in the  amount  of
                  $211,765,  which is being  amortized over the 36-month  period
                  prior to the automatic conversion date described below, unless
                  conversion  occurs  prior to that date.  During the year ended
                  March  31,  2005,  amortization  of  $35,294  was  charged  to
                  accumulated deficit.

            6.    So long as certain  conditions are met, all shares of Series A
                  Preferred  Stock issued and  outstanding  on October 14, 2007,
                  shall be  automatically  converted into shares of common stock
                  at the Conversion Price.

NOTE 8    RELATED PARTY TRANSACTIONS

          During the fiscal  years ended  March 31,  2005 and 2004,  the Company
          purchased  heating oil for resale from NRG Heat & Power,  Inc. ("NRG")
          and Flaw, Inc.  ("Flaw"),  oil suppliers that are owned and managed by
          Mssrs.  Cirillo and Pipolo, both of whom are directors and officers of
          the  Company,  in the  aggregate  amount  of  $549,701  and  $295,983,
          respectively,  or approximately  26% and 25%,  respectively,  of total
          heating oil purchased.

          During the fiscal years ended March 31, 2005 and 2004, the Company had
          fuel sales of $60,172 and $13,867, respectively, to NRG and Flaw.

          As of March 31, 2005 and 2004, the aggregate  amounts due to these two
          suppliers were $14,711 and $17,748,  respectively, and are included in
          due to related parties.

          During the year ended March 31, 2004, the Company issued stock in full
          satisfaction of the notes payable due to related parties in the amount
          of $959,743 (See Note 7(F)).

          As of March 31, 2005 and 2004, accrued interest due to related parties
          was $ 0 and $51,021, respectively, and is included in accounts payable
          and other accrued expenses.

          For related party stock transactions, see Notes 7(F) and 7(G).

NOTE 9    COMMITMENTS AND CONTINGENCIES

          (A) SALES COMMITMENTS

          As of March 31, 2005 and 2004, the Company had an aggregate obligation
          to  deliver   approximately   240,000  gallons  and  340,000  gallons,
          respectively,  of heating oil to  customers  at varying  prices  under
          fixed price contracts.


                                      F-14
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

          (B) FORWARD PURCHASE COMMITMENT

          As of March 31, 2005 and 2004,  the Company had entered  into  futures
          contracts  with an  unrelated  supplier  to  purchase,  in  aggregate,
          approximately  252,000  gallons and 84,000 gallons,  respectively,  of
          heating oil for delivery in the winter season of the next fiscal year.
          The heating oil to be purchased  will be provided to  customers  under
          existing  sales  commitments  (estimate  based on number of customers)
          whereby the customers have agreed to purchase all of their heating oil
          from the  Company.  The amounts due under these  contracts as of March
          31,  2005  and  2004  total   approximately   $378,000   and  $80,000,
          respectively,  and are  payable  as  deliveries  are  received  by the
          Company.  The  contracts  specify that the Company is to be billed for
          each  delivery  and the credit terms call for  electronic  transfer of
          funds within 10 days. If the Company  fails to perform,  they shall be
          in default and held liable for damages.

          During the fiscal year ended March 31,  2005,  the Company  liquidated
          its hedging  positions in place at March 31, 2004, to make  additional
          funds  available  to meet  current  operating  cash needs early in the
          current fiscal year. The gain of $12,453  realized on this liquidation
          transaction is included in other income.

          (C) AGREEMENT OF SALE

          The Company  entered into an Agreement of Sale dated February 10, 2005
          under  which  the  Company  acquired  the  assets  of  a  heating  oil
          distributor,   principally  its  customer  list.  The  purchase  price
          consists of a $75,000  payment at closing and a promissory  note for a
          contingent  payment due  January 10,  2006.  The  contingent  payment,
          estimated at $120,750,  will be based on a formula utilizing the gross
          profit realized on heating oil sold to the purchased  customers in the
          12-month period ending January 10, 2006.

          (D) LEASE AGREEMENT

          On April 1, 2003, the Company  entered into a lease  agreement with an
          unrelated third party for its administrative  offices. The term of the
          lease was for twenty  four  months  commencing  on June 1,  2003.  The
          monthly rent was $1,260  through  December 31, 2003.  As of January 1,
          2004,  the monthly rent  increased  to $1,470.  Future  minimum  lease
          payments of $2,940  remained  under the term of the lease at March 31,
          2005.  Following  the lease  expiration  on June 1, 2005,  the Company
          began paying rent on a month-to-month basis and commenced negotiations
          for a new lease.

          (E) CONTINGENT NOTE PAYABLE

          As  described  in Note 5, the Company is  obligated to make a payment,
          estimated at $120,750,  under a promissory  note arising from as asset
          purchase.  The payment will be based on a formula  utilizing the gross
          profit  realized on heating  oil sold to  purchased  customers  in the
          12-month period ending January 10, 2006.

NOTE 10   GOING CONCERN

          The accompanying  consolidated financial statements have been prepared
          on a going concern basis, which contemplates the realization of assets
          and the settlement of liabilities and commitments in the normal course
          of business.

          As reflected in the accompanying  consolidated  financial  statements,
          the Company had a net loss of $1,254,402 and a negative cash flow from
          operations of $830,668 for the year ended March 31, 2005 and a working
          capital  deficiency  of $268,768  and a  stockholders'  deficiency  of
          $2,460,431  at March 31, 2005.  The ability of the Company to continue
          as a going  concern is  dependent  on the  Company's  ability to raise
          additional  funds and implement its business  plan.  The  accompanying
          consolidated  financial statements do not include any adjustments that
          might be  necessary  if the  Company is unable to  continue as a going
          concern.

          Management's  plans include the raising of additional  capital through
          private or public transactions and implementation of its business plan
          to increase revenues.


                                      F-15
<PAGE>

      CLICKABLE ENTERPRISES, INC. (FORMERLY ACHIEVEMENT TEC HOLDINGS, INC.)
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF MARCH 31, 2005 AND 2004

NOTE 11   SUBSEQUENT EVENTS

          On June  30,  2005,  the  Company  entered  in a  Securities  Purchase
          Agreement with AJW Partners, LLC and its related entities for the sale
          of $900,000  of 10%  three-year  secured  convertible  debentures  and
          9,000,000  stock  purchase   warrants  expiring  June  30,  2010.  The
          debentures are  convertible,  at the holder's  option,  into shares of
          common stock in whole or in part at any time after the original  issue
          date.  The number of shares of Common Stock issuable upon a conversion
          is to be determined by dividing the  outstanding  principal  amount of
          the debenture to be converted,  plus related accrued interest,  by the
          conversion  price.  The  conversion  price in effect on any conversion
          date will be 60% of the  average  of the three day  lowest  bid prices
          during the twenty  trading days  immediately  preceding the applicable
          conversion date. The stock purchase warrants have an exercise price of
          $.15 per share.

          Also on June 30, 2005,  the Company closed on $650,000 of the $900,000
          convertible  debentures.  The Company issued  6,500,000 stock purchase
          warrants in  connection  with the closing.  The Company is required to
          file a registration statement registering sufficient underlying shares
          to be  reserved  for  issuance  upon  conversion  of  the  convertible
          debentures and exercise of the stock purchase  warrants within 60 days
          of the above closing. An additional closing of $250,000 of convertible
          debentures  will  occur at the time  such  registration  statement  is
          declared effective.


                                      F-16