SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                                   (MARK ONE)

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

                For the quarterly period ended September 30, 2005
                                               ------------------

                                       Or

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

              For the transition period from ________ to _________

                         COMMISSION FILE NUMBER 0-25413

                             RENEWABLE ASSETS, INC.
        -----------------------------------------------------------------
        (Exact name of Small Business Issuer as Specified in its Charter)

            DELAWARE                                            20-0858618
---------------------------------                          -------------------
  (State or Other Jurisdiction                                (IRS Employer
of Incorporation or Organization)                          Identification No.)


      7040 W. Palmetto Park Road, Building 4, No. 572, Boca Raton, FL 33433
      ---------------------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (561) 488-9938
                ------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)


          ------------------------------------------------------------
          (Former Name and Former Address of Issuer Since Last Report)

Check whether the issuer (1), has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: As of November 9, 2005, the Registrant
had 3,014,350 shares of Common Stock outstanding.

            Transmittal Small Business Disclosure Format (check one)

Yes [ ] No [X]
<PAGE>

                             RENEWABLE ASSETS, INC.

                                   FORM 10-QSB
                    For the Quarter Ended September 30, 2005


                                      INDEX
                                      -----
                                                                           Page
                                                                          Number
PART I   FINANCIAL INFORMATION

Item 1 - Consolidated Balance Sheet
          at September 30, 2005                                               1

         Consolidated Statements of Operations
          for the three months and nine months
          ended September 30, 2005 and September 30, 2004                     2

         Consolidated Statements of Cash Flows
          for the nine months ended
          September 30, 2005 and September 30, 2004                           3

         Notes to Consolidated Financial Statements                           4

Item 2 - Management's Discussion and Analysis
          of Financial Condition and
          Results of Operations                                               8

Item 3 - Controls and Procedures                                             11

PART II

Item 1 - Legal Proceedings                                                   12

Item 2 - Changes in Securities                                               12

Item 3 - Defaults Upon Senior Securities                                     12

Item 4 - Submission of Matters to a Vote
          of Security Holders                                                12

Item 5 - Other Information                                                   12

Item 6 - Exhibits and Reports on Form 8-K                                    12

Signature                                                                    13
Exhibit 31.1                                                                 14
Exhibit 32.1                                                                 15
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                  A.M.S. MARKETING, INC. - PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)


                                     ASSETS

CURRENT ASSETS:
    Cash                                                             $    9,124
    Commission Receivable                                                 4,400
                                                                     ----------

TOTAL CURRENT ASSETS                                                 $   13,524
                                                                     ==========


                    LIABILITIES AND SHAREHOLDER'S DEFICIENCY


CURRENT LIABILITIES:
    Accounts Payable                                                 $    1,526
                                                                     ----------

         TOTAL CURRENT LIABILITIES                                        1,526

DUE TO PARENT                                                            53,700
                                                                     ----------

TOTAL LIABILITIES                                                        55,226
                                                                     ----------

SHAREHOLDER'S DEFICIENCY:
    Preferred Stock, $.001 Par Value -
        1,000,000 Shares Authorized -
        -0- Shares Issued and Outstanding                                    --
    Common Stock, $.001 Par Value -
        29,000,000 Shares Authorized -
        3,014,350 Shares Issued and Outstanding                           3,014
    Accumulated Deficit - Development Stage                             (44,716)
                                                                     ----------
              TOTAL SHAREHOLDER'S DEFICIENCY                            (41,702)
                                                                     ----------

TOTAL LIABILITIES AND SHAREHOLDER'S DEFICIENCY                       $   13,524
                                                                     ==========

See accompanying notes to financial statements.

                                      - 1 -
<PAGE>

                             RENEWABLE ASSETS, INC.
           SUCCESSOR TO A.M.S. MARKETING, INC. - PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                  NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                  NINE MONTHS ENDED             THREE MONTHS ENDED          CUMULATIVE
                                     SEPTEMBER 30                   SEPTEMBER 30            DEVELOPMENT
                             ----------------------------   ----------------------------       STAGE
                                 2005            2004           2005            2004          AMOUNTS
                             ------------    ------------   ------------    ------------   ------------
<S>                          <C>             <C>            <C>             <C>            <C>
COMMISSION REVENUES          $     15,870    $      5,760   $      4,400    $      2,000   $     69,925

GENERAL AND ADMINISTRATIVE
    EXPENSES                       63,284           3,025         54,268           1,120        210,715
                             ------------    ------------   ------------    ------------   ------------

INCOME (LOSS) BEFORE
    INCOME TAXES                  (47,414)          2,735        (49,868)            880       (140,790)

PROVISION (CREDIT) FOR
    INCOME TAXES                       --             410           (315)            132            476
                             ------------    ------------   ------------    ------------   ------------

NET INCOME (LOSS)            $    (47,414)   $      2,325   $    (49,553)   $        748   $   (141,266)
                             ============    ============   ============    ============   ============

BASIC AND DILUTED EARNINGS
    (LOSS) PER SHARE         $      (.016)   $       .001   $      (.016)   $       .000   $      (.047)
                             ============    ============   ============    ============   ============

WEIGHTED AVERAGE NUMBER
    OF COMMON SHARES
    OUTSTANDING                 3,014,350       3,014,350      3,014,350       3,014,350      3,014,350
                             ============    ============   ============    ============   ============
</TABLE>

See accompanying notes to financial statements.

                                      - 2 -
<PAGE>

                             RENEWABLE ASSETS, INC.
           SUCCESSOR TO A.M.S. MARKETING, INC. - PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                  NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                               CUMULATIVE
                                                                               DEVELOPMENT
                                                                                  STAGE
                                                   2005            2004          AMOUNTS
                                               ------------    ------------    ------------
<S>                                            <C>             <C>             <C>
CASH FLOWS FROM OPERATING
    ACTIVITIES:
        Net Income (Loss)                      $    (47,414)   $      2,325    $   (141,266)
        Adjustments to Reconcile Net Income
            (Loss) to Net Cash Provided by
            (Used In) Operating Activities:
                Commission Receivable                (3,200)         (2,000)         (4,400)
                Accounts Payable                      1,226             500           1,526
                Income Taxes Payable                   (476)            410              --
                Officer Compensation Paid by
                    Issuance of Common Stock
                    of Parent Company                48,000              --          48,000
                                               ------------    ------------    ------------
              NET CASH PROVIDED BY (USED IN)
                      OPERATING ACTIVITIES           (1,864)          1,235         (96,140)
                                               ------------    ------------    ------------

CASH FLOWS FROM FINANCING
    ACTIVITIES:
        Proceeds from Borrowings                      5,700              --          33,200
        Repayment of Borrowings                          --              --         (27,500)
        Issuance of Common Stock                         --           3,014          99,564
                                               ------------    ------------    ------------
              NET CASH PROVIDED BY
                  FINANCING ACTIVITIES                5,700           3,014         105,264
                                               ------------    ------------    ------------

NET INCREASE IN CASH                                  3,836           4,249           9,124

CASH - Beginning of Period                            5,288              --              --
                                               ------------    ------------    ------------

CASH - End of Period                           $      9,124    $      4,249    $      9,124
                                               ============    ============    ============
</TABLE>

SUPPLEMENTAL CASH FLOW INFORMATION:
-----------------------------------

The Company made payments for income taxes of $476.
No interest payments were made.

See accompanying notes to financial statements.

                                      - 3 -
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                   A.M.S. MARKETING, INC. PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)


NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -
Nature of Operations:

A.M.S. Marketing, Inc. ("AMS") was incorporated in the state of Delaware on July
23, 1998.

On July 21, 2003, AMS acquired 100% ownership of Advanced Imaging Systems, LLC
("AIS"), a privately owned Delaware entity, in exchange for 1,200,000 shares of
its previously unissued common stock. Prior to the execution of the exchange
agreement, the members (owners) of AIS purchased a controlling interest in AMS
from an AMS shareholder.

As a result of the foregoing transactions, the previous owners of AIS became the
81.96% owners of AMS. For accounting purposes, AIS is considered to be the
acquirer and AMS the acquired entity. The business combination was accounted for
as a reorganization of entities under common control. No fair value adjustments
resulted from the reorganization.

Prior to the merger, the principal business of AMS was the brokerage of
pre-owned name brand copy machines from a facility located in Pompano Beach,
Florida.

In October, 2003, A.M.S. Marketing, Inc. changed its name to International
Imaging Systems, Inc. ("IIS").

On December 12, 2003, IIS formed Renewable Assets, Inc., a wholly-owned
subsidiary, to operate the photocopier division.

On April 13, 2004, the Board of Directors of IIS approved a plan to spin off its
photocopy division (Renewable Assets, Inc.). 3,014,350 shares of the Company's
common stock, 001 par value per share, will be issued to existing shareholders
of International Imaging Systems, Inc. in connection with the spin-off upon
compliance with applicable laws and the rules and regulations of the Securities
and Exchange Commission.

                                      - 4 -
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                   A.M.S. MARKETING, INC. PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)


NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued - Basis of
Presentation:

The financial statements include the accounts of the predecessor Company's
photocopier division. The historical accumulated deficit was eliminated as a
result of the reorganization.

Development Stage:

The Company's management is in the process of raising working capital,
developing a new business plan and exploring various business opportunities.
Accordingly, the Company is classified as a development stage company.

Estimates:

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of items included in the financial statements.
Actual results could differ from those estimates.

Financial Instruments:

The carrying values of accounts receivable and accounts payable approximate fair
value at September 30, 2005.

Commission Receivable:

The commission receivable is considered to be fully collectible as of September
30, 2005.

Commission Revenues:

The Company recognizes commission revenues as an agent for a principal. As such,
commissions are recorded at a fixed rate after the machines are accepted by the
ultimate purchaser. The Company locates buyers but does not take possession of,
or ship the machines. Selling prices of the machines are determined by the
principal, and not the Company. Collection of the sales price and customer
returns are the responsibility of the principal.

                                      - 5 -
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                   A.M.S. MARKETING, INC. PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)


NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued -

Advertising:

Advertising costs are expensed as incurred.

Earnings or (Loss) Per Common Share:

Basic and diluted earnings per common share is calculated by dividing net income
or loss by the weighted average number of common shares outstanding during the
period. Shares issued are considered to be outstanding for all periods
presented.

NOTE B - CONCENTRATION OF RISK -

Substantially all of the division's revenues are derived from the sale of
pre-owned, refurbished photocopy machines through a marketing arrangement with
one company. Termination of the marketing arrangement would have a material
adverse effect upon the business.

NOTE C - RELATED PARTY TRANSACTIONS -

On August 22, 2005, the Company's president received 160,000 common shares of
the parent company (International Imaging Systems, Inc.) for services rendered.
The accompanying financial statements include $48,000 compensation expense based
upon the fair value of the shares.

The Company received a $5,700 working capital advance from the shareholder
(parent company) during 2005.

Commission expense of $940 was paid to the Company's president during 2004.

                                      - 6 -
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                   A.M.S. MARKETING, INC. PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)


NOTE D - STOCK OPTION PLAN -

The Company's 2005 Stock Option Plan (the "Plan") was adopted by the Board of
Directors and approved by shareholders on September 15, 2005. The "Plan"
provides for the granting of stock options to employees, directors, and
consultants. Certain awards are intended to qualify as "incentive stock options"
within the meaning of Section 422 of the Internal Revenue Code (the "Code").
Other awards granted under the "Plan" are not intended to qualify as incentive
stock options under the "Code".

The total number of shares of the Company's stock that may be issued under the
"Plan" may not exceed 2,000,000. The purchase price, exercise date, and
expiration date of options to be issued will be set at the time of grant by
management. As of September 30, 2005, no stock options were granted under the
"Plan".

NOTE E - GOING CONCERN UNCERTAINTY -

The photocopier division has sustained recurring operating losses in prior years
and has minimal assets. These factors raise substantial doubt as to the
business's ability to continue as a going concern. Management's plans regarding
this uncertainty are to raise additional working capital through the
implementation of a successful business plan.

                                      - 7 -
<PAGE>

ITEM 2 -    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
            RESULTS OF OPERATIONS
            ---------------------

Overview

While we commenced operations December 12, 2003, we are still in an early
development stage. We were formed by, and as a wholly owned subsidiary of, our
parent, International Imaging Systems, Inc., to pursue the pre-owned photocopier
marketing services line of business of our parent that commenced its operations
in the Fall of 1998.

We are currently engaged in agency marketing activities for a single unrelated
entity and have no employees other than our President, Alfred M. Schiffrin, who
is unsalaried. Pursuant to an amended oral agreement among International Imaging
Systems, Inc., Mr. Schiffrin and us, Mr. Schiffrin received 160,000 shares of
our parent's common stock in lieu of any other form of compensation for services
rendered to the Company from January 1, 2005 through completion of the spin-off
of our Common Stock to the shareholders of our parent, International Imaging
Systems, Inc. We do not anticipate hiring any employees, purchasing any plant or
significant equipment or conducting any product research and development during
the next 12 months. As sales and marketing agent operating from rent free
facilities, we essentially have no overhead relating to our sales and marketing
activities. We do not anticipate initiating any sales activities for our own
account (acting as a principal) until such time as our resources permit.

During the next 12 months, we intend to continue marketing pre-owned
photocopiers. We will also continue to explore our prospects for the marketing
of other products, including new and pre-owned items of office equipment other
than photocopiers, office furniture, home furnishings and appliances, as well as
the purchase and resale of such items to the extent that our resources permit.
We are also considering other means of expanding our business, such as through
acquisition, merger or other form of business combination involving one or more
entities engaged in the same or similar business as us. Any such transaction may
entail the issuance of additional shares of our Common Stock, but there are no
current plans to engage in any acquisition, merger or other form of business
combination. Any such transaction will be made in compliance with applicable
Federal and state securities and corporate law, and, depending upon the
structure of the transaction, submission of information to shareholders
regarding any such transaction prior to consummation, as well shareholder
approval, may not be required. Our President has run the business for more than
five years for our parent. Prior to that he had experience as an investment
banker in locating potential acquisitions, but we may employ the services of a
broker or finder who would be entitled to compensation to assist in identifying
suitable opportunities.

While we only began operations in December 2003, we are the successor to the
pre-owned photocopier marketing services line of business of International
Imaging Systems, Inc. As discussed below, the three month period ended September
30, 2005 was characterized by nominal revenues. Neither we nor our parent has
been able to generate significant revenues from the sale of pre-owned
photocopiers due principally to a lack of financial resources. We continue to
believe that the pre-owned photocopier business and other complementary business
segments that also focus on the sale of pre-owned merchandise, like office
furniture, are attractive markets for us to exploit. Our belief is based on the
knowledge that pre-owned merchandise can be purchased at deep discounts to
retail prices for merchandise, usually in new or very near new condition, often
at as much as a 95% discount, and may be resold to end users for as much as a
50% discount to retail, thereby providing the end users with substantial savings
while at the same time allowing us to realize significant gross profit margins.
We intend to seek to raise working capital to facilitate the expansion of our
business model from that of agent to a blend of agent and principal.

                                     - 8 -
<PAGE>

The perceived demand for pre-owned office equipment may be dependent on, among
other things, general economic conditions, which are cyclical in nature.
Inasmuch as a major portion of our activities will be the receipt of revenues
from the sale of such equipment, our competitors, as well as the general
economic conditions, including prolonged recessionary periods, may adversely
affect our future business operations. We intend to remain flexible in our
planned business operations and will continually review our plans, including the
plan to engage in the marketing and sale of other product lines. We expect that
implementation of our current and future business plans will be adopted and or
implemented only if such plans are deemed to be in the best interests of the
shareholders. Management will use its discretion to take advantage of future
business opportunities believed to be beneficial to the Company and to the
shareholders' interests.

Capital and Source of Liquidity.

         As of December 31, 2004 and September 30, 2005, we had cash of $5,288
and $9,124, respectively, and accounts receivable of $1,200 and $4,400,
respectively. The September 30, 2005 figures are unaudited and were compiled by
management. We are seeking to raise capital to finance and expand our operations
for the foreseeable future. No assurances can be given, however, that we will be
able to raise capital on terms acceptable to the Company, or at all. In
addition, we may consider expansion through acquisition(s). No specific targets
are currently under consideration. If we are not successful in raising cash, we
may be forced to borrow funds. There is and can be no assurance that funds will
be available to borrow, or if available, that they will be available on terms
favorable or acceptable to us. On a long-term basis, liquidity is dependent on
significant expansion of operations, receipt of consequent revenues, and perhaps
additional infusions of capital and debt financing. Management believes that
additional capital and debt financing in the short term will allow the Company
to effectuate its marketing and sales efforts, resulting in increased revenue
and greater liquidity in the long term. However, there can be no assurance that
we will be able to obtain additional equity or debt financing in the future, if
at all. We are not a party to any off-balance sheet arrangements and do not
engage in trading activities involving non-exchange traded contracts. We have no
financial guarantees, debt or lease agreements, or other arrangements that could
trigger a requirement for an early payment or that could change the value of our
assets.

         Based on the amount of working capital that we had on hand on September
30, 2005, we believe that we have sufficient financial resources to continue
maintaining the minimal level of operations we have thus far conducted for the
next 12 months; but without additional financing the Company will not be able to
implement its expansion plan. There are, however, many conditions that could
impact our proposed business plan and could adversely impact our ability to
market and sell the pre-owned equipment. We cannot give any assurance that we
will be able to continue or obtain the financing required for us to continue to
successfully market and sell pre-owned equipment.

Plan of Operation.

         We are still in the development stage and have not conducted
significant operations to date, nor have we received significant operating
revenues. We have experienced problems, delays, expenses and difficulties
sometimes encountered by an enterprise in our stage of development, many of
which are beyond the Company's control. These include, but are not limited to,
costs and expenses that may exceed current estimates, competition, product
acquisition; and lack of additional supply channels.

                                      - 9 -
<PAGE>

         You should consider the likelihood of our future success to be highly
speculative in light of our limited operating history, as well as the limited
resources, problems, expenses, risks and complications frequently encountered by
similarly situated companies. To address these risks, we must, among other
things:

     o   satisfy our future capital requirements for the implementation of our
         business plan;
     o   implement and successfully execute our business and marketing strategy
         to secure merchandise and develop and maintain a diverse customer and
         referral base;
     o   seek other marketable product lines;
     o   respond to competitive developments; and
     o   attract, retain, and motivate qualified personnel.

         If we are unable to successfully address these risks, our prospects,
financial condition and results of operations will be materially adversely
affected.

Critical Accounting Policies.

         Our financial statements have been prepared on a continuing operations
basis, which contemplates the realization of assets and the settlement of
liabilities and commitments in the normal course of business. The preparation of
financial statements and related disclosures in conformity with accounting
principles generally accepted in the United States requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities, the disclosure of contingent assets and liabilities at the date of
the financial statements and revenues and expenses during the period reported.
The following accounting policies involve a "critical accounting estimate"
because they are particularly dependent on estimates and assumptions made by
management about matters that are highly uncertain at the time the accounting
estimates are made. In addition, while we have used our best estimates based on
facts and circumstances available to us at the time, different estimates
reasonably could have been used in the current period, and changes in the
accounting estimates we used are reasonably likely to occur from period to
period which may have a material impact on the presentation of our financial
condition and results of operations. We review these estimates and assumptions
periodically and reflect the effects of revisions in the period that they are
determined to be necessary.

         In March 2005, the staff of the SEC issued Staff Accounting Bulletin
No. 107 ("SAB 107"). The interpretations in SAB 107 expresses views of the staff
regarding the interaction between SFAS 123 (R) and certain SEC rules and
regulations and provide the staff's views regarding the valuation of share-based
payment arrangements for public companies. In particular SAB 107 provides
guidance related to share-based payment transactions with non-employees, the
transition from public entity status, valuation methods (including assumptions
such as expected volatility and expected term), the accounting for certain
redeemable financial instruments issued under share-based payment arrangements,
the classification of compensation expense, non GAAP financial measures,
first-time adoption of SFAS 123 (R) in an interim period, capitalization of
compensation cost related to share-based payment arrangements, the accounting
for income tax effects of share-based payment arrangements upon adoption of SFAS
123 (R), the modification of employees share options prior to adoption of SFAS
123 (R) and disclosures in Management's Discussion and Analysis subsequent to
adoption of SFAS 123 (R) when applicable. We have not engaged in any Company
share-based payment arrangements.

Results of Operations.

         Revenues (unaudited) for the nine months ended September 30, 2005 were
$15,870 as compared to $5,760 for the same period in 2004; resulting in a net
loss of $47,414 and net income of $2,325 respectively. Revenues (unaudited) for
the three months ended September 30, 2005 were $4,400 as compared to $2,000 for
the same period in 2004, resulting in a net loss of $49,868 and net income of
$880, respectively. The net loss from the nine months and three months ended
September 30, 2005 was primarily attributable to the expense incurred by the
Company in connection with the compensation arrangement with Alfred M.
Schiffrin, the Company's sole officer and director, in which he received 160,000
shares of International Imaging Systems, Inc. ("IIS") common stock in exchange
for his services to the Company, in lieu of any other form of compensation,
through completion of spin-off of the Company's shares to the IIS Shareholders.
We do not believe the differences in results of operations are meaningful or
indicative of any trend but are primarily attributable otherwise to factors
beyond our control, such as the timing of sales.

                                     - 10 -
<PAGE>

         We are currently unaware of any trends that may have negative effects
upon our results of operations, although we expect continued and increased
competition from Sun Coast Imaging, our co-exclusive marketing agent for, and an
affiliate of, Office Furniture Warehouse.


ITEM 3. CONTROLS AND PROCEDURES

         (a) Disclosure Controls. We conducted an evaluation, with the
participation of the Chief Executive and Chief Financial Officer, of the
effectiveness of our disclosure controls and procedures as of the end of the
period covered by this report. Our disclosure controls and procedures are
designed to ensure that information required to be disclosed by Renewable
Assets, Inc. in the reports we filed under the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), is recorded, processed, summarized and reported
on a timely basis. Based upon that evaluation, the Chief Executive and Chief
Financial Officer concluded that our disclosure controls and procedures were
effective as of the end of the period covered by this report so as to alert him
in a timely fashion to material information required to be disclosed in reports
we file under the Exchange Act.

         (b) Changes in Internal Control Over Financial Reporting.

         None.

                           FORWARD LOOKING STATEMENTS



This Form 10-QSB and other reports filed by the Company from time to time with
the Securities and Exchange Commission (collectively the "Filings") contain or
may contain forward looking statements and information that are based upon
beliefs of and information currently available to the Company's management as
well as estimates and assumptions made by the Company's management.

When used in the Filings the words "anticipate", "believe", "estimate",
"expect", "future", "intend", "plan" and similar expressions as they relate to
the Company or the Company's management identify forward looking statements.
Such statements reflect the current view of the Company with respect to future
events and are subject to risks, uncertainties and assumptions relating to the
Company's operations and results of operations and any businesses that may be
acquired by the Company. Should one or more of these risks or uncertainties
materialize, or should the underlying assumptions prove incorrect, actual
results may differ significantly from those anticipated, believed, estimated,
intended or planned.

                                     - 11 -
<PAGE>

                                     PART II
                                OTHER INFORMATION


Item 1.  Legal Proceedings

      None

Item 2.  Changes in Securities

      None

Item 3.  Defaults Upon Senior Securities

      None

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

      None

Item 5.  Other Information

      None

Item 6.  Exhibits and Reports on Form 8-K

      (a)   Exhibits

            31.1 Certification of the Chief Executive Officer and the Chief
Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

            32.1 Certification of the Chief Executive Officer and the Chief
Financial Officer pursuant to 18 U.S.C. Section 1350.

      (b)   Reports on Form 8-K

             None

                                     - 12 -
<PAGE>

                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned duly authorized.


RENEWABLE ASSETS, INC.

By: /s/ ALFRED M. SCHIFFRIN
    -------------------------------------------
    Alfred M. Schiffrin
    Chief Executive and Chief Financial Officer

Dated: November 9, 2005

                                     - 13 -