| Delaware                                       |   | 20-8088635                            |
|------------------------------------------------|--------|---------------------------------------|
| (State                or other jurisdiction of |   | (I.R.S.                employer       |
| incorporation                or organization)  |   | identification                number) |

| c/o                Pierre Narath                        |   |                      |
|---------------------------------------------------------|--------|---------------------------|
| 8192                College Parkway, Suite 18           |   |                      |
| Fort                Myers, FL                           |   | 33919                     |
| (Address                of principal executive offices) |   | (Zip                Code) |

----

**TELOS,      INC.**

**-      INDEX -**

|                                                                                                                                                                                                                                                |   | Page   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| **PART                I –                FINANCIAL STATEMENTS**:                                                                                                                                                                              |   |
|                                                                                                                                                                                                                                                |   |
| Item                1. Condensed Financial Statements                                                                                                                                                                                               |   |   |
|                                                                                                                                                                                                                                                |   |   |
| Condensed                Balance Sheets as of June 30, 2007 (unaudited) and December 31,                2006                                                                                                                                        |   | F-1    |
|                                                                                                                                                                                                                                                |   |   |
| Condensed                Statements of Operations for the Six and Three Months Ended June                30, 2007,                and the Period From December 20, 2006 (Inception) through June 30,                2007                (unaudited) |   | F-2    |
|                                                                                                                                                                                                                                                |   |   |
| Condensed                Statement of Changes in Stockholder's Deficiency for the Period From                December 20, 2006 (Inception) through June 30, 2007                (unaudited)                                                         |   | F-3    |
|                                                                                                                                                                                                                                                |   |   |
| Condensed                Statements of Cash Flows for the Six Months Ended June 30, 2007 and                the                Period From December 20, 2006 (Inception) through June 30, 2007                (unaudited)                           |   | F-4    |
|                                                                                                                                                                                                                                                |   |   |
| Notes                to Condensed Financial Statements (unaudited)                                                                                                                                                                                  |   | F-5    |
|                                                                                                                                                                                                                                                |   |   |
| Item                2. Management's Discussion and Analysis or Plan of                Operation                                                                                                                                                     |   | 1      |
|                                                                                                                                                                                                                                                |   |   |
| Item                3. Controls and Procedures                                                                                                                                                                                                      |   | 2      |
|                                                                                                                                                                                                                                                |   |   |
| **PART                II - OTHER INFORMATION**:                                                                                                                                                                                                     |   |   |
|                                                                                                                                                                                                                                                |   |   |
| Item                1. Legal Proceedings                                                                                                                                                                                                            |   | 2      |
|                                                                                                                                                                                                                                                |   |   |
| Item                2. Unregistered Sales of Equity Securities and Use of                Proceeds                                                                                                                                                   |   | 2      |
|                                                                                                                                                                                                                                                |   |   |
| Item                3. Defaults Upon Senior Securities                                                                                                                                                                                              |   | 2      |
|                                                                                                                                                                                                                                                |   |   |
| Item                4. Submission of Matters to a Vote of Security Holders                                                                                                                                                                          |   | 2      |
|                                                                                                                                                                                                                                                |   |   |
| Item                5. Other Information                                                                                                                                                                                                            |   | 2      |
|                                                                                                                                                                                                                                                |   |   |
| Item                6. Exhibits                                                                                                                                                                                                                     |   | 2      |
|                                                                                                                                                                                                                                                |   |   |
| Signatures                                                                                                                                                                                                                                          |   | 3      |

----

**PART      I - FINANCIAL INFORMATION**

**Item      1. Condensed Financial Statements**

**TELOS,      INC.**

**(A      development Stage Company)**

**CONDENSED      BALANCE SHEETS**

|                                                                                                                                               |   | June                30, |    | December                31, |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|-----------------------------|--------|
|                                                                                                                                               |   | 2007                    |    | 2006                        |   |
|                                                                                                                                               |   | (Unaudited)             |    |                        |   |
| ASSETS                                                                                                                                             |   |                    |    |                        |   |
|                                                                                                                                               |   |                    |    |                        |   |
| Current                Assets:                                                                                                                     |   |                    |    |                        |   |
| Cash                and cash equivalents                                                                                                           |   | $                       | 1,335   |                        | $      | 20,000 |   |
| Prepaid                expenses                                                                                                                    |   |                    | -       |                        |   | 4,700 |   |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
|                                                                                                                                               |   |                    |    |                        |   |  |   |
| Total                Current Assets                                                                                                                |   | $                       | 1,335   |                        | $      | 24,700 |   |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
| LIABILITIES                AND STOCKHOLDER'S DEFICIENCY                                                                                            |   |                    |         |                        |   |  |   |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
| Current                Liabilities:                                                                                                                |   |                    |         |                        |   |  |   |
| Accounts                payable                                                                                                                    |   | $                       | 8,438   |                        | $      | - |   |
| Accrued                expenses                                                                                                                    |   |                    | 1,257   |                        |   | - |   |
| Due                to stockholder                                                                                                                  |   |                    | 24,900  |                        |   | 24,900 |   |
| Total                Current Liabilities                                                                                                           |   |                    | 34,595  |                        |   | 24,900 |   |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
| Stockholder's                Deficiency                                                                                                            |   |                    |         |                        |   |  |   |
| Preferred                stock-$.0001 par value-10,000,000 shares authorized; -0- shares issued                and                outstanding      |   |                    | -       |                        |   | - |   |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
| Common                stock, $.0001 par value; authorized 200,000,000 shares; issued and                outstanding 1,000,000 and 1,000,000 shares |   |                    | 100     |                        |   | 100 |   |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
| Deficit                accumulated during the development stage                                                                                    |   |                    | (33,360 | )                           |   | (300 | ) |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
| Total                Stockholder's Deficiency                                                                                                      |   |                    | (33,260 | )                           |   | (200 | ) |
|                                                                                                                                               |   |                    |         |                        |   |  |   |
| Total                Liabilities and Stockholder's Deficiency                                                                                      |   | $                       | 1,335   |                        | $      | 24,700 |   |

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Condensed      Statements of Operations (Unaudited)**

|                                                                    |   | For                the Six Months EndedJune                30, 2007 |      | For                the Three Months EndedJune                30, 2007 |   | For                the Period December 20, 2006 (Inception) ThroughJune                30, 2007 |   |
|-------------------------------------------------------------------------|--------|---------------------------------------------------------------------|-----------|-----------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------|--------|
|                                                                    |   |                                                                |      |                                                                  |   |                                                                                            |   |
| **Revenues**                                                            |   | $                                                                   | -         |                                                                  | $      | -                                                                                               |   | $ | - |   |
|                                                                    |   |                                                                |           |                                                                  |   |                                                                                                 |   |   |  |   |
| General                and administrative expenses                      |   |                                                                | 33,060    |                                                                  |   | 5,026                                                                                           |   |   | 33,360 |   |
|                                                                    |   |                                                                |           |                                                                  |   |                                                                                                 |   |   |  |   |
| **Net                Loss**                                             |   | $                                                                   | (33,060   | )                                                                     | $      | (5,026                                                                                          | )      | $ | (33,360 | ) |
|                                                                    |   |                                                                |           |                                                                  |   |                                                                                                 |   |   |  |   |
| **Basic                and Diluted Loss Per Share**                     |   | $                                                                   | (0.03     | )                                                                     | $      | (0.01                                                                                           | )      |   |  |   |
|                                                                    |   |                                                                |           |                                                                  |   |                                                                                                 |   |   |  |   |
| **Weighted                Average Number of Common Shares Outstanding** |   |                                                                | 1,000,000 |                                                                  |   | 1,000,000                                                                                       |   |   |  |   |

*See      accompanying notes to the condensed financial      statements*

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Condensed      Statement of Changes in Stockholder's Deficiency**

**For      the Period From December 20, 2006 (Inception) through June 30, 2007      (Unaudited)**

|                                                        |   |                           |    |                        |    |        |   |          |      | (Deficit)                 |    |       |   |
|-------------------------------------------------------------|--------|--------------------------------|---------|-----------------------------|---------|-------------|--------|---------------|-----------|---------------------------|---------|------------|--------|
|                                                        |   |                           |    |                        |    |        |   |          |      | Accumulated               |    |       |   |
|                                                        |   |                           |    |                        |    |        |   |          |      | During                the |    |       |   |
|                                                        |   | Preferred                Stock |    | Common                Stock |    | Development |   | Stockholder's |      |
|                                                        |   | Shares                         |    | Amount                      |    | Shares      |   | Amount        |      | Stage                     |    | Deficiency |   |
|                                                        |   |                           |    |                        |    |        |   |          |      |                      |    |       |   |
| Issuance                of common stock - December 21, 2006 |   |                           | — |                        |  $ | —     |   |          | 1,000,000 |                      |  $ | 100        |   |  $ | — |   |  $ | 100  |   |
|                                                        |   |                           |    |                        |    |        |   |          |      |                      |    |       |   |   |   |   |   |   |   |
| Net                loss                                     |   |                           | — |                        |    | —     |   |          | —   |                      |    | —    |   |   | (300 | ) |   | (300 | )  |
|                                                        |   |                           |    |                        |    |        |   |          |      |                      |    |       |   |   |   |   |   |   |   |
| Balance,                December 31, 2006                   |   |                           | — |                        |    | —     |   |          | 1,000,000 |                      |    | 100        |   |   | (300 | ) |   | (200 | )  |
|                                                        |   |                           |    |                        |    |        |   |          |      |                      |    |       |   |   |   |   |   |   |   |
| Net                loss                                     |   |                           | — |                        |    | —     |   |          | —   |                      |    | —    |   |   | (33,060 | ) |   | (33,060 | )  |
|                                                        |   |                           |    |                        |    |        |   |          |      |                      |    |       |   |   |   |   |   |   |   |
| Balance,                June 30, 2007 (unaudited)           |   |                           | — |                        | $       | —     |   |          | 1,000,000 |                      | $       | 100        |   | $ | (33,360 | ) | $ | (33,260 | )  |

*See      accompanying notes to the condensed financial statements.*

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Condensed      Statements of Cash Flows (Unaudited)**

|                                                                 |   |                                |    | **Period                from**            |   |
|----------------------------------------------------------------------|--------|-------------------------------------|---------|-------------------------------------------|--------|
|                                                                 |   | **For                the Six**      |    | **December                20, 2006** |   |
|                                                                 |   | **Months**                          |    | **(Inception)**                           |   |
|                                                                 |   | **Ended**                           |    | **Through**                               |   |
|                                                                 |   | **June                30,****2007** |    | **June                30,****2007**       |   |
| **Cash                Flows from Operating Activities**              |   |                           |    |                                 |   |
|                                                                 |   |                           |    |                                 |   |
| Net                loss                                              |   | $                                   | (33,060 | )                                         | $      | (33,360 | ) |
|                                                                 |   |                                |         |                                      |   |  |   |
| Adjustments                to reconcile net loss to net cash used in |   |                                |         |                                      |   |  |   |
| operating                activities:                                 |   |                                |         |                                      |   |  |   |
| Decrease                in prepaid expenses                          |   |                                | 4,700   |                                      |   | - |   |
| Increase in                accrued expenses                     |   |                                | 1,257   |                                      |   | 1,257 |   |
| Increase in                accounts payable                     |   |                                | 8,438   |                                      |   | 8,438 |   |
|                                                                 |   |                                |         |                                      |   |  |   |
| **Net                Cash Used In Operating Activities**             |   |                                | (18,665 | )                                         |   | (23,665 | ) |
|                                                                 |   |                                |         |                                      |   |  |   |
| **Cash                Flows from Financing Activities**              |   |                                |         |                                      |   |  |   |
| Proceeds                from advance from stockholder                |   |                                | -       |                                      |   | 24,900 |   |
| Proceeds                from issuance of stock                       |   |                                | -       |                                      |   | 100 |   |
| **Net                cash provided by financing activities**         |   |                                | -       |                                      |   | 25,000 |   |
| Net                (decrease) increase in cash                       |   |                                | (18,665 | )                                         |   | 1,335 |   |
|                                                                 |   |                                |         |                                      |   |  |   |
| Cash,                beginning of period                             |   |                                | 20,000  |                                      |   | — |   |
|                                                                 |   |                                |         |                                      |   |  |   |
| Cash,                end of period                                   |   | $                                   | 1,335   |                                      | $      | 1,335 |   |

*See      accompanying notes to the condensed financial statements.*

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Notes      to Condensed Financial Statements**

**Six      Months Ended June 30, 2007 (unaudited)**

| **NOTE 1 -** | **ORGANIZATION                    AND BUSINESS:** |
|------------------------|---------------------------------------------------|

**BASIS      OF PRESENTATION FOR INTERIM FINANCIAL STATEMENTS:**

| **NOTE 2 -** | **SUMMARY                      OF SIGNIFICANT ACCOUNTING                      POLICIES:** |
|------------------------|-------------------------------------------------------------------------------------------|

|  | ***(a)*** | **Use                    of Estimates:** |
|--|-----------|------------------------------------------|

|  | ***(b)*** | ***Cash                        Equivalents***: |
|--|-----------|------------------------------------------------|

----

|  | ***(c)*** | ***Income                          Taxes***: |
|--|-----------|----------------------------------------------|

|  | ***(d)*** | ***Fair                                    Value of Financial                                    Instruments:*** |
|--|-----------|------------------------------------------------------------------------------------------------------------------|

|  | ***(e)*** | ***Loss                              per Common                              Share:*** |
|--|-----------|----------------------------------------------------------------------------------------|

|  | ***(f)*** | ***Adoption                                of New Accounting                                Policy:*** |
|--|-----------|--------------------------------------------------------------------------------------------------------|

*—*
*.”*

|  | ***(g)*** | ***Recent                                  Accounting                                  Pronouncements:*** |
|--|-----------|-----------------------------------------------------------------------------------------------------------|

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Notes      to Condensed Financial Statements**

**Six      Months Ended June 30, 2007 (unaudited)**

| **NOTE 3 -** | **COMMON                      STOCK:** |
|------------------------|----------------------------------------|

| **NOTE 4 -** | **PREFERRED                      STOCK:** |
|------------------------|-------------------------------------------|

| **NOTE 5 -** | **LOAN                      FROM                      STOCKHOLDER:** |
|------------------------|----------------------------------------------------------------------|

----

**Item      2. Management's Discussion and Analysis or Plan of      Operation.**

** **

**ADOPTION      OF NEW ACCOUNTING POLICY **

*—*
*.”*

**RECENT      ACCOUNTING PRONOUNCEMENTS**

* *

----

**Item        3. Controls and Procedures.**

**PART        II — OTHER INFORMATION**

**Item        1. Legal Proceedings.**

**Item        2. Unregistered Sales of Equity Securities and Use of        Proceeds.**

**Item        3. Defaults Upon Senior Securities.**

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

**Item        5. Other Information.**

**Item        6. Exhibits.** 

| Exhibit |   | Description                                                                                                                                                                                                                                                                   |
|---------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                                                          |
| *3.1    |   | Certificate                  of Incorporation                                                                                                                                                                                                                                 |
|    |   |                                                                                                                                                                                                                                                                          |
| *3.2    |   | By-Laws                                                                                                                                                                                                                                                                       |
|    |   |                                                                                                                                                                                                                                                                          |
| 31.1    |   | Certification                  of the Company's President pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002, with respect to the registrant's Quarterly Report                  on Form                  10-QSB for the quarter ended June 30, 2007. |
|    |   |                                                                                                                                                                                                                                                                          |
| 32.1    |   | Certification                  of the Company's President pursuant to 18 U.S.C. Section 1350,                  as adopted                  pursuant to Section 906 of the Sarbanes Oxley Act of                  2002.                                                        |

| * | Filed                  as an exhibit to the Company's registration statement on Form 10-SB,                  as                  filed with the Securities and Exchange Commission on January 29,                  2007, and                  incorporated herein by this                  reference. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

|                                   | TELOS,                  INC.             |
|----------------------------------------|------------------------------------------|
|                                   |                                     |   |
| Date:                  August 15, 2007 | By:                            | Pierre                  A. Narath Name:                  Pierre A. Narath |
|                                   | Title:                  President   |

----