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

                                   FORM 10-KSB

[X]       ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
          OF 1934

                   For the fiscal year ended December 31, 2006

[ ]

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

         For the transition period from ____________ to ________________

                       Commission File Number: 333-133427

                                PLASMATECH, INC.
                 (Name of small business issuer in its charter)

            Nevada                                        56-2474226
-------------------------------              -----------------------------------
(State or other jurisdiction of              (I.R.S. mployer Identification No.)
 incorporation or organization)

                        2764 Lake Sahara Drive, Suite 111
                             Las Vegas, Nevada 89117
                    (Address of principal executive offices)

                                 (702) 851-1330
                           (Issuer's telephone number)

Securities registered under Section 12(b) of the Exchange Act: None
                                                               ----

Securities registered under Section 12(g) of the Exchange Act: Common Stock
                                                               ------------
                                                             (Title of Class)

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

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure  will be contained,  to
the best of the  registrant's  knowledge,  in  definitive  proxy or  information
statements  incorporated  by  reference  in Part III of this Form  10-KSB or any
amendment to this Form 10-KSB. X

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).             Yes  [X]    No [ ]

State issuer's revenues for its most recent fiscal year: Nil
                                                         ---

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates  computed by reference to the price at which the common equity
was sold,  or the average bid and asked  price of such  common  equity,  as of a
specified  date within the past 60 days.  (See  definition  of affiliate in Rule
12b-2 of the Exchange Act.) The most recent sales of the Company's common shares
via a private  placement  offering of the common equity were $7,000 on September
15, 2005,  $14,000 on September 23, 2005 and $50,500 on September 1, 2006,  with
an aggregate value of $71,500.

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest  practicable date. As of the fiscal year ended December
31, 2006, the Company had 11,820,000 shares of common shares,  $0.001 par value,
issued and outstanding.

Transitional Small Business Disclosure Format (Check One): Yes [ ]    No [X]
<PAGE>


TABLE OF CONTENTS                                                           PAGE
-----------------                                                           ----

PART I

Item 1.   Description of Business...........................................  2
Item 2.   Description of Property...........................................  2
Item 3.   Legal Proceedings.................................................  2
Item 4.   Submission of Matters to a Vote of Security Holders...............  2

PART II

Item 5.     Market for Common Equity and Related Stockholder Matters........  3
Item 6.     Management's Discussion and Analysis or Plan of Operation.......  3
Item 7.     Financial Statements............................................  5
                  Balance Sheet.............................................  8
                  Statements of Operations..................................  9
                  Statements of Stockholders' Equity........................ 10
                  Statements of Cash Flows.................................. 11
                  Notes to Financial Statements............................. 12
Item 8.     Changes In and Disagreements With Accountants on
             Accounting and Financial Disclosure............................ 14
Item 8A.  Controls and Procedures........................................... 14

PART III

Item 9.   Directors, Executive Officers, Promoters and Control Persons...... 15
Item 10.  Executive Compensation............................................ 16
Item 11.  Security Ownership of Certain Beneficial Owners and
               Management and Related Stockholder Matters................... 17
Item 12.  Certain Relationships and Related Transactions.................... 17
Item 13.  Exhibits.......................................................... 17
Item 14.  Principal Accountant Fees and Services............................ 18

Signatures.................................................................. 18

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-KSB that are not historical or current facts are
"forward-looking  statements"  made  pursuant to the safe harbor  provisions  of
Section  27A of the  Securities  Act of 1933 (the  "Act") and Section 21E of the
Securities Exchange Act of 1934. These statements often can be identified by the
use  of  terms  such  as  "may,"  "will,"  "expect,"  "believe,"   "anticipate,"
"estimate," "approximate" or "continue," or the negative thereof. We intend that
such  forward-looking  statements  be  subject  to the  safe  harbors  for  such
statements.  We wish to caution  readers not to place undue reliance on any such
forward-looking  statements,   which  speak  only  as  of  the  date  made.  Any
forward-looking  statements represent  management's best judgment as to what may
occur in the future. However,  forward-looking  statements are subject to risks,
uncertainties  and important  factors beyond our control that could cause actual
results and events to differ  materially from  historical  results of operations
and events  and those  presently  anticipated  or  projected.  We  disclaim  any
obligation  subsequently  to revise any  forward-looking  statements  to reflect
events or  circumstances  after the date of such  statement  or to  reflect  the
occurrence of anticipated or unanticipated events.

Available Information

PlasmaTech, Inc. files annual, quarterly, current reports, proxy statements, and
other   information   with  the   Securities   and  Exchange   Commission   (the
"Commission"). You may read and copy documents referred to in this Annual Report
on Form  10-KSB  that have been filed with the  Commission  at the  Commission's
Public Reference Room, 450 Fifth Street, N.W.,  Washington,  D.C. You may obtain
information  on the  operation  of the  Public  Reference  Room by  calling  the
Commission  at  1-800-SEC-0330.  You can also  obtain  copies of our  Commission
filings by going to the Commission's website at http://www.sec.gov.
<PAGE>
                                     PART I

Please note that throughout this Annual Report,  and unless otherwise noted, the
words "we",  "our" "us", the "Company",  or  "PlasmaTech",  refer to PlasmaTech,
Inc.

Item 1.   Description of  Business.

Business Development: PlasmaTech, Inc. is a development stage company, organized
on July 14, 2004,  in the State of Nevada,  to enter into the design and sale of
illuminated  signboard products using a plasma lighting  technology  produced in
China under a patented manufacturing process.

Since  inception,  we have not been involved in any bankruptcy,  receivership or
similar  proceeding  nor has we been engaged in any  material  reclassification,
merger,  consolidation  or  purchase  or  sale of any of our  assets  not in the
ordinary course of business.

The  Company's  principal  business is the design and  marketing of  illuminated
signboards using plasma lighting technology.  Plasma lighting technology enables
the  reproduction  of  brightly  illuminated,  photo-quality  images  onto  thin
plastic.  Plasma light has the capability of competing in many markets currently
dominated by  incandescent,  fluorescent and neon lighting.  We intend to secure
the exclusive North American and South American marketing rights for this plasma
lighting technology from the agent representing the Chinese patent holder of the
manufacturing process.

The Company's plasma products will compete with traditional  signboard  lighting
products.  Our plasma products provide bright light applications while consuming
only a fraction  of the energy  required  by  conventional  light  sources.  The
patented  process used to manufacture our plasma products creates a plastic that
is thinner than a credit card but,  when  powered,  illuminates  to a brilliance
that is two and a half times brighter than neon lights. We will initially market
this technology to the trade show industry and focus on signage  applications in
industrial trade show exhibits and displays such as illuminated banners and wall
displays.  Future  applications  may include  general  promotional  products and
safety products.

The Company is operated by its sole  officer and  director and does not have any
employees.

Item 2.   Description of Property.

The Company's principle address is Suite 111, 2764 Lake Sahara Drive, Las Vegas,
Nevada,  89117. We rent shared office space. This property arrangement satisfies
our current  needs and will be adequate up to the point that the Company  begins
operations.  At that  point,  we may be  required  to rent or  lease  commercial
property  that is capable of providing  adequate  storage and office  space.  We
anticipate rent on a per month basis for adequate commercial space will cost the
Company  approximately  $1,500.  This  estimate  is based upon local  commercial
spaces with  approximately  2,000 - 3,000 square feet of storage  capability and
500 to 1,000  square  feet of office  space.  However,  we plan to  continue  to
utilize the current premises until that space is no longer adequate.  Currently,
commercial  property  has not been  secured by the  Company  and there can be no
assurance that adequate space will be found when needed or if adequate space can
be found at the price we have estimated.

Item 3.   Legal Proceedings.

The  Company  is not a  party  to any  pending  legal  proceedings  and no  such
proceedings are known to be contemplated.

No  director,  officer,  or  affiliate  of the Company and no owner of record or
beneficial  owner of more than 5.0% of the  securities  of the  Company,  or any
associate of any such director, officer or security holder is a party adverse to
the Company or has a material  interest  adverse to the Company in  reference to
pending litigation.

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

There have been no matters submitted to the security holders for a vote.


                                      -2-
<PAGE>
                                     PART II

Item 5.   Market for Common Equity and Related Stockholder Matters.

Currently,  the  Company's  common shares are not listed on any exchange nor are
its common shares quoted on any public  medium.  There can be no assurance  that
our  common  stock  will ever be  listed or quoted in the  future or ever have a
market develop for its common stock.

As of the fiscal year ended December 31, 2006,  the Company had thirty-six  (36)
active  shareholders of record.  The Company has not paid cash dividends and has
no outstanding options.

Item 6.   Management's Discussion, Financial Condition or Plan of Operation.

Plan of Operation

The Company has not yet  generated  any revenue from its  operations.  As of the
fiscal year ended  December  31,  2006,  the  Company  had  $17,133 of cash.  We
anticipate  that our current cash holdings and cash  generated  from  operations
will not be sufficient to satisfy our  liquidity  requirements  over the next 12
months and we will seek to obtain  additional  funds.  We will  require  working
capital to support our marketing campaigns, such as attendance at trade shows to
demonstrate  its  products,  and pay legal and  accounting  fees.  We anticipate
raising additional capital through the sale of our common stock, debt securities
or will seek alternative sources of financing.

If we are unable to obtain  this  additional  financing,  we may be  required to
reduce the scope of our planned  sales and marketing  efforts,  which could harm
the Company's  financial  condition and operating results.  In addition,  we may
require additional funds in order to fund a more rapid expansion, to develop new
or  enhanced  services  or  products  or  invest  in  complementary  businesses,
technologies, services or products. This additional funding may not be available
on favorable terms, if at all.

There can be no  assurance  that we will be  successful  in  raising  additional
equity  financing,  and, thus, be able to satisfy the future cash  requirements,
which primarily  consist of working capital  directed towards the development of
the website and marketing  campaigns,  as well as legal and accounting fees. The
Company depends upon capital to be derived from future financing activities such
as subsequent  offerings of our shares.  Management  believes that if subsequent
private placements are successful,  the Company will be able to generate revenue
from sales of the products and achieve  liquidity within the following twelve to
fourteen months thereof.  However,  investors should be aware that this is based
upon speculation and there can be no assurance that we will ever be able reach a
level of profitability.

During the fiscal year ended  December  31,  2006,  the  Company  was  primarily
focused on market  research and customer  identification.  We also completed and
filed a  registration  statement  so as to become a  reporting  issuer  with the
Commission  and we have  maintained our filings since our Form SB-2 was approved
and became effective on June 2, 2006 at approximately 5:00 PM EST.

As of fiscal year ended  December  31,  2006,  the Company has not  received any
orders for its product.

We intend to proceed with  securing  exclusive  marketing  rights for our plasma
products for North and South America. We estimate that these rights will require
a one time fee of  approximately  $10,000 and will require  minimal annual sales
quotas.

We plan to continue our  marketing  activities  during the next twelve months by
initiating  the  development  of our website and by direct  email and  telephone
marketing  activities  directed  at  trade  show  design  companies  who  may be

                                      -3-
<PAGE>

interested in  purchasing  or licensing  our products.  We estimate that it will
cost  $10,000 to develop the website and $4,000 for direct  email and  telephone
marketing.

We  anticipate  visiting up to ten high profile  trade show design  companies to
solicit product orders from qualified customers.  We estimate the travel cost to
attend these shows will be $20,000. After obtaining product orders from at least
ten  "flagship"  customers,  we plan to obtain further  financing,  conduct more
extensive marketing activities, and solicit product orders from major trade show
design  companies  across North  America.  We intend to hire a commission  sales
person to promote our product line within our primary  market which is the trade
show  management  and  promotions  industry.  We anticipate the sales cycle (the
length of time between initial  customer contact and the completion of the sale)
will be a minimum of 90 days.

We also plan to design  and order  additional  samples  of our  plasma  lighting
products.  We will purchase  additional  samples from various  manufacturers  in
China and refine our technical requirements, specifications and pricing based on
customer  needs as determined  from our marketing  activities.  We estimate that
these samples will cost $22,000.  We will also continue to identify a company or
companies in China that will be able to manufacture  and supply the  illuminated
signboards according to our specifications and standards.  We anticipate that it
will be necessary to travel to China in order to finalize  contractual terms and
conditions with a chosen sign supplier(s). While in China, we will also initiate
arrangements  for the shipping and distribution of our products from the factory
in China to our  customers in North  America.  The cost of securing  product and
arranging delivery is expected to total $7,000.

The Company  does not expect the purchase or sale of any  significant  equipment
and has no current material commitments,  nor has it generated any revenue since
its inception.

We have no current  plans,  preliminary  or  otherwise,  to merge with any other
entity.

As the Company  expands its business,  it will likely incur  losses.  We plan on
funding  these  losses  through   revenues   generated   through  our  marketing
activities.  If we are unable to satisfy  our capital  requirements  through our
revenue  production or if we are unable to raise additional  capital through the
sale of our common  shares,  we may have to borrow funds in order to sustain our
business.  There can be no assurance or guarantee  given that we will be able to
borrow funds because we are a new business and the future success of the Company
is highly speculative.

Off Balance Sheet Arrangement

As of the date of this Form 10-KSB,  the current funds  available to the Company
will not be sufficient to continue  maintaining a reporting status.  The cost to
maintain the reporting status of the Company for the next twelve months has been
estimated  at  $15,000.  Our  officer  and  director,  Christopher  Brough,  has
indicated to us that he may be willing to provide the funds required to maintain
the  reporting  status  in the form of a  non-secured  loan for the next  twelve
months as the expenses are  incurred,  if no other  proceeds are obtained by the
Company.  However,  there is no contract in place or written agreement  securing
this agreement.

Other  than  the  above  described  situation,  the  Company  does  not have any
off-balance  sheet  arrangements  that have or are  reasonably  likely to have a
current  or future  effect on our  financial  condition,  changes  in  financial
condition,  revenues or  expenses,  results of  operations,  liquidity,  capital
expenditures  or capital  resources  that are  material to  investors.  The term
"off-balance  sheet arrangement"  generally means any transaction,  agreement or

                                      -4-
<PAGE>

other contractual arrangement to which an entity unconsolidated with the Company
is a party,  under  which the  Company has (i) any  obligation  arising  under a
guarantee  contract,  derivative  instrument  or  variable  interest;  or (ii) a
retained or contingent  interest in assets transferred to such entity or similar
arrangement  that serves as credit,  liquidity  or market risk  support for such
assets.

Item 7.   Financial Statements.




                                      -5-
<PAGE>




                                PlasmaTech, Inc.
                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                                DECEMBER 31, 2006








REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM....................   7

BALANCE SHEETS.............................................................   8

STATEMENTS OF OPERATIONS...................................................   9

STATEMENT OF STOCKHOLDERS' EQUITY..........................................  10

STATEMENTS OF CASH FLOWS...................................................  11

NOTES TO FINANCIAL STATEMENTS..............................................  12



                                      -6-
<PAGE>





             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
--------------------------------------------------------------------------------


To the Stockholders and Board of Directors of PlasmaTech, Inc.

We  have  audited  the  accompanying  balance  sheets  of  PlasmaTech,  Inc.  (a
development  stage company) as of December 31, 2006 and 2005, and the statements
of  operations,  stockholders'  equity  and cash  flows and for the years  ended
December  31, 2006 and 2005 and for the period  from July 14,  2004  (inception)
through December 31, 2006. These financial  statements are the responsibility of
the Company's  management.  Our responsibility is to express an opinion on these
financial statements based on our 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  an audit to obtain  reasonable  assurance  whether  the  financial
statements  are free of material  misstatement.  The Company is not  required to
have,  nor were we engaged to perform,  an audit of its  internal  control  over
financial reporting.  Our audits included consideration of internal control over
financial  reporting  as  a  basis  for  designing  audit  procedures  that  are
appropriate  in the  circumstances,  but not for the  purpose of  expressing  an
opinion on the  effectiveness  of the Company's  internal control over financial
reporting.  Accordingly,  we express  no such  opinion.  An audit also  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,  these  financial  statements  present  fairly,  in all material
respects,  the  financial  position of the  Company as of December  31, 2006 and
2005,  and the  results of its  operations  and its cash flows and for the years
ended  December  31,  2006 and  2005  and for the  period  from  July  14,  2004
(inception)  through December 31, 2006 in conformity with accounting  principles
generally accepted in the United States of America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 1 to the
financial  statements,  the Company is in the development stage and has incurred
losses  since  inception  and has  limited  working  capital  available  raising
substantial  doubt about the Company's  ability to continue as a going  concern.
The  ability of the  Company to  continue  as a going  concern is  dependent  on
raising  capital to fund its business plan and  ultimately to attain  profitable
operations.  Management's plans in regard to these matters are also described in
Note 1. The  financial  statements  do not  include any  adjustments  that might
result from the outcome of this uncertainty.


                                                                         "DMCL"

                                          DALE MATHESON CARR-HILTON LABONTE LLP
                                                          CHARTERED ACCOUNTANTS


Vancouver, Canada
March 8, 2007

                                      -7-
<PAGE>
<TABLE>
<CAPTION>

                                                   PLASMATECH, INC.
                                             (A Development Stage Company)

                                                   BALANCE SHEETS

                                                                                          December 31,   December 31,
                                                                                             2006           2005
                                                                                          -----------    -----------

                                                        ASSETS
<S>                                                                                       <C>            <C>
CURRENT ASSETS
      Cash                                                                                $    17,133    $    14,197
      Prepaid                                                                                     604           --
                                                                                          -----------    -----------

                                                                                          $    17,737    $    14,197
                                                                                          -----------    -----------

                                           LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
      Accounts payable and accrued liabilities                                            $     8,243    $     7,192
     Due to related party (Note 4)                                                              2,704          2,904
                                                                                          -----------    -----------

                                                                                               10,947         10,096
                                                                                          -----------    -----------
STOCKHOLDERS' EQUITY
   Capital stock (Note 3)
     Authorized
      75,000,000 shares of common stock, $0.001 par value,
     Issued and outstanding
      11,820,000 shares of common stock (2005 - 9,800,000)                                     11,820          9,800
   Additional paid-in capital                                                                  59,680         11,200
     Share subscription receivable                                                               --
                                                                                                              (7,000)
   Deficit accumulated during the development stage                                           (64,710)        (9,899)
                                                                                          -----------    -----------

                                                                                               6,790           4,101
                                                                                          -----------    -----------

                                                                                          $    17,737    $    14,197
                                                                                          ===========    ===========

                               The accompanying notes are an integral part of these financial statements
</TABLE>

                                                                    -8-
<PAGE>

<TABLE>
<CAPTION>

                                            PLASMATECH, INC.
                                      (A Development Stage Company)

                                        STATEMENTS OF OPERATIONS


                                                                                               Cumulative
                                                                                               results of
                                                                                             perations from
                                                                      Year ended             July 14, 2004
                                                             ----------------------------    (inception) to
                                                             December 31,    December 31,    December 31,
                                                                 2006            2005            2006
                                                             ------------    ------------    ------------
  EXPENSES
<S>                                                           <C>             <C>             <C>
   Office and general                                         $      8,251    $      1,715    $     10,766
     Consulting fees                                                28,700            --            28,700
   Professional fees                                                17,860           6,235          25,244
                                                              ------------    ------------    ------------

NET LOSS                                                      $    (54,811)   $     (7,950)   $    (64,710)

                                                              ============    ============    ============




     BASIC AND DILUTED NET LOSS PER SHARE                     $      (0.00)   $      (0.00)
                                                              ============    ============

     WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING -
       BASIC AND DILUTED                                        10,475,178       2,811,507
                                                              ============    ============




              The accompanying notes are an integral part of these financial statements.
</TABLE>

                                              -9-
<PAGE>

<TABLE>
<CAPTION>

                                                           PLASMATECH, INC.
                                                     (A Development Stage Company)

                                              STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

                                          FROM JULY 14, 2004 (INCEPTION) TO DECEMBER 31, 2006


                                                                                                      Deficit
                                                                                                    Accumulated
                                                     Common Stock         Additional     Share      During the
                                                -----------------------    Paid-in    Subscription  Development
                                                  Shares       Amount      Capital     Receivable      Stage          Total
                                                ----------   ----------   ----------   ----------    ----------    ----------
<S>                                             <C>          <C>          <C>          <C>           <C>           <C>
Balance, July 14, 2004                                --     $     --     $     --     $     --      $     --      $     --

Net loss                                              --           --           --           --          (1,949)       (1,949)
                                                ----------   ----------   ----------   ----------    ----------    ----------
Balance, December 31, 2004                            --           --           --           --          (1,949)       (1,949)
                                                ----------   ----------   ----------   ----------    ----------    ----------

Common stock issued for cash at $0.001 per
share - September 15, 2005                       7,000,000        7,000         --           --            --           7,000

Common  stock  issued  for cash at $0.005 per
share  - September 23, 2005                      2,800,000        2,800       11,200         --            --          14,000

Share subscription receivable                         --           --           --         (7,000)         --          (7,000)

Net loss                                              --           --           --           --          (7,950)       (7,950)
                                                ----------   ----------   ----------   ----------    ----------    ----------

Balance, December 31, 2005                       9,800,000        9,800       11,200       (7,000)       (9,899)        4,101
                                                ----------   ----------   ----------   ----------    ----------    ----------

Share subscription receivable                         --           --           --          7,000          --           7,000

Common stock issued for cash at $0.025 per
share - September 1, 2006                        2,020,000        2,020       48,480         --            --          50,500

Net loss                                              --           --           --           --         (54,811)      (54,811)
                                                ----------   ----------   ----------   ----------    ----------    ----------

Balance, December 31, 2006                      11,820,000   $   11,820   $   59,680   $     --      $  (64,710)   $    6,790
                                                ==========   ==========   ==========   ==========    ==========    ==========



                               The accompanying notes are an integral part of these financial statements
</TABLE>

                                      -10-
<PAGE>

<TABLE>
<CAPTION>


                                       PLASMATECH, INC.
                                 (A Development Stage Company)

                                   STATEMENTS OF CASH FLOWS

                                                                                    Cumulative
                                                                                      results
                                                                                   of operations
                                                                                       from
                                                             Year ended            July 14, 2004
                                                      --------------------------  (inception) to
                                                      December 31,   December 31,   December 31,
                                                          2006          2005            2006
                                                      -----------    -----------    -----------
<S>                                                   <C>            <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                            $   (54,811)   $    (7,950)   $   (64,710)

  Changes in operating assets and liabilities
    Accounts payable and accrued liabilities                1,051          7,192          8,243
     Prepaid                                                 (604)          --             (604)
     Due to related party                                    (200)           955          2,704
                                                      -----------    -----------    -----------

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES       (54,564)           197        (54,367)
                                                      -----------    -----------    -----------


CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from sale of common stock                       57,500         14,000         71,500
                                                      -----------    -----------    -----------

NET CASH PROVIDED BY FINANCING ACTIVITIES                  57,500         14,000         71,500
                                                      -----------    -----------    -----------

NET INCREASE IN CASH                                        2,936         14,197         17,133

CASH, BEGINNING                                            14,197           --             --
                                                      -----------    -----------    -----------

CASH, ENDING                                          $    17,133    $    14,197    $    17,133
                                                      ===========    ===========    ===========

Supplemental cash flow information:
Cash paid for:
  Interest                                            $      --      $      --      $      --
                                                      ===========    ===========    ===========

  Income taxes                                        $      --      $      --      $      --
                                                      ===========    ===========    ===========



             The accompanying notes are an integral part of these financial statements
</TABLE>

                                      -11-
<PAGE>

                                PLASMATECH, INC.
                          (A Development Stage Company)

                        NOTES TO THE FINANCIAL STATEMENTS


                                DECEMBER 31, 2006
 -------------------------------------------------------------------------------



NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION
--------------------------------------------------------------------------------

PlasmaTech,  Inc. (the  "Company") is in the initial  development  stage and has
incurred losses since inception  totaling $64,710.  The Company was incorporated
on July 14, 2004 in the State of Nevada. The Company was organized to enter into
the design and sale of illuminated  signboard  products.  The Company intends to
enter into the  production of photo quality images on plastic that light up in a
pre-programmed  animated series,  requiring minimal amounts of electricity.  The
Company's initial market focus of this technology will be for trade show exhibit
and installation  designers within North and South America.  To date the Company
has had no business operations.

The  ability of the  Company to  continue  as a going  concern is  dependent  on
raising  capital to fund its business plan and  ultimately to attain  profitable
operations.  Accordingly,  these  factors  raise  substantial  doubt  as to  the
Company's  ability to  continue as a going  concern.  The Company is funding its
initial  operations  by way of  issuing  Founders'  shares and  entering  into a
private  placement  offering for up to  10,000,000  common  shares at $0.005 per
share.  As of December  31,  2006,  the Company  had sold  11,820,000  shares in
aggregate,  of which 7,000,000  founders' shares were issued at $0.001 per share
for proceeds of $7,000 and 2,800,000  shares were issued at $0.005 per share for
net  proceeds  of  $14,000  pursuant  to  the  private  placement  offering.  An
additional  2,020,000 shares were issued at $0.025 per share for net proceeds of
$50,500 pursuant to a secondary private placement offering.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
--------------------------------------------------------------------------------

Basis of Presentation
These financial  statements are presented in United States dollars and have been
prepared in accordance  with  accounting  principles  generally  accepted in the
United States.

Use of Estimates and Assumptions
Preparation of the financial statements in conformity with accounting principles
generally  accepted in the United States  requires  management to make estimates
and  assumptions   that  affect  certain   reported   amounts  and  disclosures.
Accordingly, actual results could differ from those estimates.

Income Taxes
The Company  follows the  liability  method of  accounting  for income  taxes in
accordance with Statements of Financial  Accounting  Standards  ("SFAS") No.109,
"Accounting  for Income  Taxes."  Under  this  method,  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  balances.  Deferred tax assets and
liabilities  are  measured  using  enacted or  substantially  enacted  tax rates
expected to apply to the taxable income in the years in which those  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 date of enactment or substantive enactment.

Net Loss per Share
Basic loss per share  includes  no dilution  and is  computed  by dividing  loss
available to common stockholders by the weighted average number of common shares
outstanding  for the period.  Dilutive  loss per share  reflects  the  potential
dilution of  securities  that could share in the losses of the Company.  Because
the Company does not have any potentially dilutive securities,  the accompanying
presentation is only of basic loss per share.

                                      -12-
<PAGE>

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
--------------------------------------------------------------------------------

Stock-based Compensation
The Company  has not  adopted a stock  option plan and has not granted any stock
options. Accordingly no stock-based compensation has been recorded to date.

Recent Accounting Pronouncements

In February  2007,  the FASB issued  SFAS No.  159,  "The Fair Value  Option for
Financial Assets and Financial Liabilities".  This Statement permits entities to
choose to measure many financial assets and financial liabilities at fair value.
Unrealized  gains and losses on items for which the fair  value  option has been
elected are  reported in earnings.  SFAS No. 159 is  effective  for fiscal years
beginning after November 15, 2007. The Company is currently assessing the impact
of SFAS No. 159 on its financial position and results of operations.

In September  2006,  the FASB issued SFAS No. 158,  "Employers'  Accounting  for
Defined Benefit Pension and Other Postretirement Plans." This Statement requires
an employer to  recognize  the over funded or under  funded  status of a defined
benefit post retirement  plan (other than a  multiemployer  plan) as an asset or
liability in its statement of financial  position,  and to recognize  changes in
that funded status in the year in which the changes occur through  comprehensive
income.  SFAS No. 158 is effective  for fiscal  years ending after  December 15,
2006.

In September  2006,  the FASB issued SFAS No. 157, "Fair Value  Measures".  This
Statement  defines fair value,  establishes a framework for measuring fair value
in generally accepted  accounting  principles (GAAP),  expands disclosures about
fair value measurements,  and applies under other accounting pronouncements that
require or permit fair value measurements. SFAS No. 157 does not require any new
fair value measurements.  However,  the FASB anticipates that for some entities,
the  application of SFAS No. 157 will change current  practice.  SFAS No. 157 is
effective  for  financial  statements  issued for fiscal years  beginning  after
November  15,  2007,  which for the Company  would be the fiscal year  beginning
January 1, 2008. The Company is currently  evaluating the impact of SFAS No. 157
but does  not  expect  that it will  have a  material  impact  on its  financial
statements.

In September  2006, the SEC issued Staff  Accounting  Bulletin  ("SAB") No. 108,
"Considering   the  Effects  of  Prior  Year   Misstatements   when  Quantifying
Misstatements  in Current Year Financial  Statements." SAB No. 108 addresses how
the effects of prior year  uncorrected  misstatements  should be considered when
quantifying  misstatements  in current year  financial  statements.  SAB No. 108
requires  companies to quantify  misstatements  using a balance sheet and income
statement   approach  and  to  evaluate   whether  either  approach  results  in
quantifying  an error that is  material in light of  relevant  quantitative  and
qualitative  factors. SAB No. 108 is effective for periods ending after November
15, 2006.

NOTE 3 - CAPITAL STOCK
--------------------------------------------------------------------------------

The Company's  authorized  capitalization is 75,000,000 common shares with a par
value of $0.001 per share. No preferred shares have been authorized or issued.

As of December 31, 2006,  the Company has not granted any stock  options and has
not recorded any stock-based compensation.

During the period ended December 31, 2005, a director purchased 7,000,000 shares
of common stock in the Company at $0.001 per share with  proceeds to the Company
totalling $7,000. As at December 31, 2005 the proceeds were outstanding and were
reflected as subscription receivable. On January 19, 2006 the funds were paid by
the director to the Company.

Private Placement
On August 10, 2005, the Company authorized a private placement offering of up to
10,000,000  shares of common  stock at a price of $0.005  per  share.  The total
amount raised in this financing was $50,000.

                                      -13-
<PAGE>

NOTE 3 - CAPITAL STOCK (continued)
--------------------------------------------------------------------------------

On September 1, 2006, the Company issued  2,020,000  shares of common stock at a
price of  $0.025  per  share to a number of  shareholders  through  a  secondary
private  placement  offering.  The Company received $50,500 in proceeds from the
sale of its stock.

As of December 31, 2006, the Company had issued 11,820,000 common shares and had
received $71,500 in proceeds from the sale of its stock.

NOTE 4 - RELATED PARTY TRANSACTIONS
--------------------------------------------------------------------------------

The  Company  has  received  advances  from a director of the Company to pay for
operating costs. The amounts due are unsecured and non-interest  bearing with no
set terms of  repayment.  The amount  outstanding  as of  December  31, 2006 was
$2,704 (December 31, 2005 - $2,904).

NOTE 5 - INCOME TAXES
--------------------------------------------------------------------------------

As of December 31, 2006,  the Company had net operating  loss carry  forwards of
approximately  $65,000  that may be available to reduce  future  years'  taxable
income and will expire commencing in 2024. Availability of loss usage is subject
to change of ownership  limitations  under Internal Revenue Code 382. Future tax
benefits which may arise as a result of these losses have not been recognized in
these  financial  statements,  as their  realization is determined not likely to
occur and accordingly,  the Company has recorded a full valuation  allowance for
the deferred tax asset relating to these tax loss carryforwards.

Item 8.   Changes  In and  Disagreements  With  Accountants  on  Accounting  and
          Financial Disclosure.

None.

Item 8A.   Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our chief executive  officer and chief financial  officer,  Christopher  Brough,
conducted an evaluation of the  effectiveness of the design and operation of the
Company's disclosure controls and procedures,  as defined in Rules 13a-15(e) and
Rule 15d-15(e)  under the Exchange Act. Based upon his evaluation as of December
31, 2006,  he  concluded  that those  disclosure  controls  and  procedures  are
effective.

Internal Control over Financial Reporting

There have been no changes in the  Company's  internal  control  over  financial
reporting  during the fiscal year ended  December 31, 2006 that have  materially
affected,  or are reasonably  likely to affect,  the Company's  internal control
over financial reporting.

Management's Report on Internal Control over Financial Reporting

The  Company's  management  is  responsible  for  establishing  and  maintaining
adequate internal control over financial  reporting as defined in Rule 13a-15(f)
under the  Exchange  Act. Our internal  control  over  financial  reporting is a
process designed to provide  reasonable  assurance  regarding the reliability of
financial  reporting and the  preparation  of financial  statements for external
purposes in accordance  with  accounting  principles  generally  accepted in the


                                      -14-
<PAGE>

United States of America. Because of its inherent limitations,  internal control
over  financial  reporting  may  not  prevent  or  detect  misstatements.  Also,
projections of any evaluation of  effectiveness to future periods are subject to
the risk that controls may become  inadequate  because of changes in conditions,
or  that  the  degree  of  compliance   with  the  policies  or  procedures  may
deteriorate.

We have  assessed  the  effectiveness  of the  Company's  internal  control over
financial reporting as of the fiscal year ended December 31, 2006. In making the
assessment,  we used the  criteria  set  forth by the  Committee  of  Sponsoring
Organizations of the Treadway Commission (COSO) in "Internal  Control-Integrated
Framework."  Based on that assessment,  we have concluded that, as of the fiscal
year ended December 31, 2006, our internal  control over financial  reporting is
effective based on those criteria.

Our  assessment  of the  effectiveness  of our internal  control over  financial
reporting as of the fiscal year ended December 31, 2006 has been audited by Dale
Matheson  Carr-Hilton  Labonte  LLP,  Chartered   Accountants,   an  independent
registered accounting firm, as stated in their report, which is included herein.

                                    PART III

Item 9.   Directors, Executive Officers, Promoters, and Control Persons.

Identification of Directors and Executive Officers

Our directors and executive officers, their ages and term served are as follows:
<TABLE>
<CAPTION>
Name                         Age      Term Served           Title
----                         ---      -----------           -----
<S>                           <C>     <C>                   <C>
Christopher J. Brough         63      Since inception       President, Secretary Treasurer,
                                                            Principal Executive Officer,
                                                            Principal Financial Officer
                                                            and sole member of the Board of  Directors
</TABLE>

There are no other persons  nominated or chosen to become directors or executive
officers,  nor do we have any employees other than above  mentioned  officer and
director.

Our directors hold office until the next annual meeting of shareholders  and the
election  and   qualification  of  their   successors.   Directors   receive  no
compensation  for serving on the board of directors other than  reimbursement of
reasonable  expenses incurred in attending  meetings.  Officers are appointed by
the board of directors and serve at the discretion of the board.

Officer and Director Background:

Christopher J. Brough, President, CEO, Director, Secretary/Treasurer

Christopher Brough is a globally recognized  award-winning  leader and innovator
in the fields of advertising campaigns and film and television  production.  Mr.
Brough's vast experience led him to co-found three of Canada's  largest and most
prolific television production companies:  Mainframe Entertainment,  the world's
first  computer  animated  television  studio,  producing  such hits as  ReBoot,
Transformers,  Barbie and  others,  BLT  Productions  Ltd,  producer of the long
running sci-fi hit Andromeda,  and the Sextant  Entertainment  Group. Mr. Brough
has been nominated for seven Gemini awards,  won five, and was inducted into the
Smithsonian  Institute's  CyberWorld Hall of Fame by Microsoft's Bill Gates. Mr.
Brough  was also  responsible  for  producing  prime-time  series  and  animated

                                      -15-
<PAGE>

specials such as Teddy Ruxpin,  which he  co-created.  Teddy Ruxpin held six top
positions on Billboard's  Home Video Sales Charts for over 12 months,  and won a
USDA Award for Best Non-Movie  Children's  Program in 1987, selling in excess of
10 million video units worldwide.  He currently serves on the Board of Governors
for the Emily Carr Institute of Art and Design,  and was the founding  President
and Board  Director of New Media BC,  representing  over two hundred  technology
companies throughout British Columbia.

Mr. Brough started his career in  advertising as a commercial  producer/director
working  with  globally  recognized  clients,  such as  Clairol,  Canada Dry and
Anhauser  Busch.  His activities  over the last five years include the executive
production  of the award winning  series  Aaagh!  It's the Mr. Hell Show for the
Comedy Network and the BBC in the United Kingdom, and the YTV/Granada Television
series production of Big Teeth Bad Breath.

Mr.  Brough  is not a  director  of any  other  reporting  company.

Significant Employees

The  Company  does not, at present,  have any  employees  other than the current
officer and director. We have not entered into any employment agreements,  as we
currently do not have any employees other than the current officer and director.

Family Relations

There are no  family  relationships  among the  directors  and  officers  of the
Company.

Involvement in Legal Proceedings

No  executive  officer or  director of the  Company  has been  convicted  in any
criminal  proceeding  (excluding  traffic  violations)  or is the  subject  of a
criminal proceeding that is currently pending.

No  executive  officer or  director of the Company is the subject of any pending
legal proceedings.

No  executive  officer or director of the Company is involved in any  bankruptcy
petition  by or against  any  business  in which  they are a general  partner or
executive  officer  at this time or within  two  years of any  involvement  as a
general partner, executive officer, or director of any business.

Item 10.   Executive Compensation.

Our current executive officer and director does not receive any compensation and
have not received any restricted shares awards,  options,  or any other payouts.
As such, we have not included a Summary Compensation Table.

There are no current employment agreements between the Company and our executive
officer or  director.  Our  executive  officer and  director  has agreed to work
without remuneration until such time as we receive sufficient revenues necessary
to provide  proper  salaries to the  officer and  compensate  the  director  for
participation.  Our  executive  officer  and the  board  of  directors  have the
responsibility  to determine the timing of remuneration  for key personnel based
upon such factors as positive cash flow to include shares sales,  product sales,
estimated  cash  expenditures,  accounts  receivable,  accounts  payable,  notes
payable,  and a cash  balance of not less than  $50,000 at each month end.  When
positive  cash flow reaches  $15,000 at each month end and appears  sustainable,
the board of directors will re-address  compensation for key personnel and enact
a plan at that time which will benefit the Company as a whole.  At this time, we
cannot accurately estimate when sufficient revenues will occur to implement this
compensation, or the exact amount of compensation.

                                      -16-
<PAGE>

There are no  annuity,  pension or  retirement  benefits  proposed to be paid to
officers,  directors or employees of the Company in the event of  retirement  at
normal  retirement  date  pursuant to any  presently  existing  plan provided or
contributed to by the Company.

Item 11.  Security Ownership of Certain Beneficial Owners and Management Related
          Shareholder Matters.

The  following  table  sets  forth  certain  information  with  respect  to  the
beneficial  ownership of our common  shares as it relates to our named  director
and executive officer, and each person known to the Company to be the beneficial
owner  of  more  than  five  percent  (5%) of  said  securities,  and all of our
directors and executive officers as a group:

Name and Position                    Shares         Percent            Security
-----------------                    ------         -------            --------
Christopher J. Brough
President and Director              7,000,000        59.2%              Common
================================================================================
Officers and Directors as
a Group (1)                         7,000,000        59.2%              Common

The address for Christopher J. Brough is 4643 Caulfeild  Drive,  West Vancouver,
BC, Canada V7W 1E9

The above  referenced  common shares were paid for and issued in September 2005,
for consideration of $0.001 per share total consideration of $7,000.

Item 12.   Certain Relationships and Related Transactions.

Currently,  there are no  contemplated  transactions  that the Company may enter
into with our officers,  directors or affiliates.  If any such  transactions are
contemplated,  we  will  file  such  disclosure  in a  timely  manner  with  the
Commission on the proper form making such  transaction  available for the public
to view.

The Company has no formal written  employment  agreement or other contracts with
our current  officer and there is no assurance  that the services to be provided
by him will be  available  for any  specific  length of time in the future.  Mr.
Brough  anticipates  devoting,  at a  minimum,  ten to  fifteen  percent  of his
available time to the Company's  affairs.  The amounts of compensation and other
terms of any full time employment arrangements would be determined, if and when,
such arrangements become necessary.

Item 13.   Exhibits.

The following exhibits are incorporated into this Form 10-KSB Annual Report:

Exhibit
   No.            Description
--------          -----------

3.1       Articles of Incorporation (1)
3.2       Bylaws of PlasmaTech, Inc. (2)
31.1      Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) or
          15d-14(a) of the Securities Exchange Act of 1934.
31.2      Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) or
          15d-14(a) of the Securities Exchange Act of 1934.*
32.1      Certification of Chief Executive Officer Under Section 1350 as Adopted
          Pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
32.2      Certification of Chief Financial Officer Under Section 1350 as Adopted
          Pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.**

                                      -17-
<PAGE>

(1)  Incorporated  by  reference  from the  Company's  Form SB-2  filed with the
Commission on April 20, 2006.

(2)  Incorporated  by  reference  from the  Company's  Form SB-2  filed with the
Commission on April 20, 2006.

*     Included in Exhibit 31.1
**    Included in Exhibit 32.1

Item 14.   Principal Accounting Fees and Services.

During the fiscal  year ended  December  31,  2006,  we  incurred  approximately
$13,000  in  fees  to our  principal  independent  accountant  for  professional
services  rendered in connection with the audit of our financial  statements for
the fiscal  year ended  December  31,  2006 and for the review of our  financial
statements  for the quarters  ended March 31, 2006,  June 30, 2006 and September
30, 2006.

During the fiscal year ended  December 31, 2006, we did not incur any other fees
for professional services rendered by our principal  independent  accountant for
all other non-audit services which may include,  but not limited to, tax-related
services, actuarial services or valuation services.

Signatures

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

                          PlasmaTech, Inc.

Dated: April 12, 2007     By:     /s/ Christopher J. Brough
                                ---------------------------------------------
                                Christopher J. Brough
                                President, Secretary Treasury,
                                Principal Executive Officer and
                                Principal Financial Officer and Sole Director


                                      -18-