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

                               FORM 10-KSB

(Mark One)

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

                 For the Fiscal Year Ended December 31, 2004

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

                         Commission File No. 000-49853

                            EASTON TECHNOLOGIES CORP.
----------------------------------------------------------------------------
                  (Name of Small Business Issuer in its Charter)

            Delaware                                   04-3616005
-----------------------------------------  -----------------------------------
 (State or other jurisdiction              (I.R.S. Employer Identification No.)
         of incorporation or organization)

  80 Wall Street, Suite 818, New York, NY                       10005
----------------------------------------------   ------------------------------
   Address of principal executive offices                      Zip Code

   Issuer's telephone number:                      (212) 809-1200
-------------------------------------------------------------------------------
       Securities registered under Section 12(g) of the Exchange Act:

      Title of each class             Name of each exchange on which registered
----------------------------------  -------------------------------------------
Common stock, $.0001 par value                         N/A
----------------------------------  -------------------------------------------

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15 (d) of the 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 is not contained in the form, and no disclosure will be
contained, to the best of Registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of the Form
10-KSB.  [X]

State issuer's revenues for its most recent fiscal year:  $ -0-.

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: Since there is no trading market
for Registrant's securities, no estimate as to the market value can be given.

State the number of shares outstanding of each of the issuer's classes of
common equity: As of April 18, 2005: 5,000,000 shares of common stock, par
value $.0001 per share, were outstanding.

Transitional Small Business Disclosure Format (check one):  Yes [ ]  No [X]







                             TABLE OF CONTENTS


PART I

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

PART II

Item 5.  Market for Common Equity and Related Stockholder Matters.        4
Item 6.  Management's Discussion and Analysis or Plan of Operation        5
Item 7.  Financial Statements.....................................       12
Item 8.  Changes in and Disagreements with Accountants on
          Accounting and Financial Disclosure.....................       20
Item 8A. Controls and Procedures..................................       20
Item 8B. Other Information........................................       20

PART III

Item 9.  Directors, Executive Officers, Promoters and Control
          Persons, Compliance with Section 16(a) of the Exchange Act     20
Item 10. Executive Compensation...................................       22
Item 11. Security Ownership of Certain Beneficial Owners and Management  22
Item 12. Certain Relationships and Related Transactions...........       23
Item 13. Exhibits and Reports on Form 8-K.........................       23
Item 14. Principal Accountant Fees and Services...................       24




Item 1.  Description of Business

Easton Technologies Corp. (the "Company") was incorporated in the State of
Delaware on March 8, 2002, as a blank check company for the purpose of merging
with or acquiring an operating company with operating history and assets.
Since inception the Company has conducted virtually no business other than
organizational matters and filings of a registration statement on Form 10-SB
and other reports with the Securities and Exchange Commission (the "SEC").

Our business plan is to seek, investigate, and if such investigation warrants,
consummate a merger or other business combination, purchase of assets or other
strategic transaction with a business entity desiring the perceived advantages
of becoming a publicly reporting corporation. We filed a registration statement
on Form 10-SB with the SEC in order to become a 12(g) registered company under
the Securities Exchange Act of 1934, as amended.  As a "reporting company,"
we may be more attractive to a private acquisition target because it may be
listed to trade its shares on the OTC Bulletin Board. The registration statement
became effective on or about August 10, 2002.

As of the date of this report, we have not entered into a business combination
with any specific business or company.  We will not restrict our search to any
specific business, industry, or geographical location, and we may participate
in business ventures of virtually any kind or nature.  Discussion of proposed
plan of operations under this caption and throughout this Annual Report is
purposefully general and is not meant to restrict our virtually unlimited
discretion to search for and enter into potential business opportunities.

A business combination with a target company will normally involve the issuance
to the target company of new shares of our common stock so as to provide the
target company with majority control, and the substitution by the target
company of its own management and board of directors.  No assurances can be
given that we will be able to enter into a business combination, as to the
terms of a business combination, or as to the nature of the target company.

The proposed business activities described herein classify us as a "blank check"
company.  A "blank check" company is a development stage company that has no
specific business plan or purpose or has indicated that its business plan is
to engage in a merger or acquisition with an unidentified company or companies.
The SEC and many states have enacted statutes, rules and regulations limiting
the sale of securities of blank check companies. We will not take any efforts
to cause a market to develop in our securities until we have successfully
implemented our business plan and we are no longer classified as a blank check
company.  There can be no assurance that our proposed plan of operation will
be successful.


Item 2.  Description of Property

We do not own or lease any real property.  We maintain a mailing address at
80 Wall Street, Suite 818, New York, NY 10005.  This office spaces was leased
by a third party, which agreed to let us use as our mailing address at no
charge until we complete an acquisition or merger.


Item 3.  Legal Proceedings

We are not a party to any pending legal proceedings.


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

No matter was submitted to a vote of stockholders in the fourth quarter of
2004.



                                 PART II


Item 5.  Market for Common Equity and Related Stockholder Matters


There is no public trading market for our common stock.

Options or Warrants

There are no outstanding options or warrants to purchase, or securities
convertible into, common stock of the Company.

Holders

At April 18, 2005, there were 5,000,000 shares of common stock outstanding
and held of record by two stockholders.

Dividends

We have not declared any dividends and do not intend to so in the foreseeable
future.

Recent Sales of Unregistered Securities

On March 8, 2002, we issued 5,000,000 shares of common stock at a price of
$.0001 per share to Waywood Investment Ltd. for services rendered in connection
with our incorporation.  The aforementioned shares were issued under the
exemption from registration provided by Section 4(2) of the Securities Act
of 1933, as amended.

We are advised that both before and after the business combination or
transaction with an operating entity or other person, the promoters or
affiliates of blank check companies, as well as their transferees, are
"underwriters" of the securities issued.  Accordingly, the securities involved
can only be resold through registration under the Securities Act.  Rule 144
would not be available for resale transactions in this situation, regardless
of technical compliance with that rule.


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

The following discussion include certain "forward-looking statements", which
involve known and unknown risks, uncertainties and other factors which could
cause our actual results, financial or operating performance, or achievements
expressed or implied by such forward-looking statements not to occur or be
realized. Such forward-looking statements are based upon our best estimates
of current conditions and general merger and acquisition activity in the
marketplace.  Forward-looking statements may be identified by the use of
forward-looking terminology such as "may," "will," "expect," "believe,"
"estimate," "anticipate," "intends," "potential," or similar terms, variations
of those terms or the negative of those terms or other variations of those
terms or comparable words or expressions.

Plan of Operations

Our plan is to seek, investigate, and if such investigation warrants, consummate
a merger or other business combination, purchase of assets or other strategic
transaction with a business entity desiring the perceived advantages of
becoming a publicly reporting corporation.  To date we have not entered into
any agreement for a business combination with any specific business or company.
We will not restrict our search to any specific business, industry, or
geographical location, and may participate in business ventures of virtually
any kind or nature.

We may seek potential target company from all known sources and anticipate that
various prospective business opportunity will be brought to our attention from
various non-affiliated sources, including securities broker-dealers, investment
bankers, venture capitalists, other members of the financial community and
affiliated sources, including, possibly, our executive officer, director and
his affiliates.

Selection and Evaluation of Opportunities

Business opportunities may be available in many different industries and at
various stages of development, all of which will make the task of comparative
investigation and analysis of such business opportunities difficult and complex.
There is no assurance that we will be able to identify and acquire any business
opportunity which will ultimately prove to be beneficial to us and to our
stockholders.  If a merger or acquisition proves unsuccessful, it is possible
our management may decide not to pursue further acquisition activities and
management may abandon its activities and we may become dormant or be dissolved.

We have, and will continue to have, no capital with which to provide the owners
of business entities with any cash or other assets. What we anticipate we will
provide to owners of acquisition candidates, however, is a controlling ownership
interest in a reporting company without incurring the cost and time required
to conduct an initial public offering. We have not conducted market research
and are not aware of statistical data to support the perceived benefits of a
business combination for the owners of a target company.

In analyzing prospective business opportunities, we will consider the following
matters: (i) the available technical, financial and managerial resources;
(ii) working capital and other financial requirements of the target; (iii) the
target's history of operations, if any; (iv) the target's prospects for the
future; (v) the present and expected competition in the target's industry;
(vi) the quality and experience of management services which may be available
and the depth of that management within the target; (vii) the potential for
growth or expansion and profit; (viii) the perceived public recognition or
acceptance of products, services or trades of the target and the industry and
brand or name identification; and (viii) all other relevant factors.

We will not acquire or merge with any entity which cannot provide audited
financial statements at the time of the closing of the proposed transaction
or within the time frame as required to be provided pursuant to the
requirements of Securities Exchange Act of 1934, as amended.  The audited
financial statements of the acquired company must be furnished within four
days following the effective date of a business combination.

Under the Exchange Act of 1934, as amended, any merger or acquisition candidate
is required to comply with all applicable reporting requirements, including
filing reports of material events, quarterly reports and annual reports with
accompanying audited financial statements.  In the event we merge with or
acquire a business opportunity, the successor company will be subject to the
same reporting obligations as us under the Exchange Act.  When a non-reporting
company becomes the successor of a reporting company by merger, consolidation,
exchange of securities, acquisition of assets or otherwise, the successor
company is required to provide in a Form 8-K current report the same kind of
information that would appear in a registration statement, including audited
and pro forma financial statements for at least the two most recent fiscal
years or, in the event that the combined operating business has been in
business for less than two years, audited financial statements will be required
from the period of inception of the target acquisition or merger candidate.
We will not seek a business combination with any entity in which our officer
or director serves as an officer or director or holds any ownership interest.

Terms of a Business Combination

In implementing a structure for a particular business acquisition, we may
become a party to a merger, consolidation, reorganization, joint venture,
franchise or licensing agreement with the target company. Upon consummation
of a transaction, it is likely that our present management and shareholder
will not be in control of the Company. Current management may, as part of the
terms of the acquisition transaction, resign and be replaced by new officers
and directors.

It is anticipated that any securities issued in any such reorganization would
be issued in reliance upon exemption from registration under applicable federal
and state securities laws.  In some circumstances, however, as a negotiated
element of its transaction, we may agree to register all or a part of such
securities after the transaction is consummated at a specified time thereafter.
If such registration occurs, it will be undertaken by the surviving entity
after we have entered into an agreement for a business combination or have
consummated a business combination and we are no longer considered a blank
check company.

While the actual terms of a transaction to which we may be a party cannot be
predicted, we expect that the parties to the business combination will want
to avoid the creation of a taxable event and structure the acquisition in a
so called "tax free" reorganization under Sections 368(a)(1) or 351 of the
Internal Revenue Code of 1986, as amended.  In order to obtain tax-free
treatment, it may be necessary for the owners of the surviving entity to own
80% or more of the voting stock of the surviving entity.  In this event, the
shareholders of the Company would retain less than 20% of the issued and
outstanding shares of the surviving entity, which could result in significant
dilution in the equity of such shareholders.  However, treatment as a tax
free reorganization will not be a condition of any future business combination
and if it is not the case, we will not obtain an opinion of counsel that the
reorganization will be tax free.

With respect to negotiations with a target company, management expects to
focus on the percentage of the Company which target company shareholders would
acquire in exchange for their shareholdings in the target company. Depending
upon, among other things, the target company's assets and liabilities, our
current shareholders will in all likelihood hold a substantially lesser
percentage ownership interest in the Company following any merger or
acquisition.  The percentage of ownership may be subject to significant
reduction in the event we acquire a target company with substantial assets.
Any merger or acquisition effected by us can be expected to have a significant
dilutive effect on the percentage of shares held by our shareholder at such
time.

Undertakings and Understandings Required of Target Companies

As part of a business combination agreement, we intend to obtain certain
representations and warranties from a target company as to its conduct following
the business combination. Such representations and warranties may include the
agreement of the target company to make all necessary filings and to take all
other steps necessary to remain a reporting company under the Exchange Act
and giving assurances of ongoing compliance with the Securities Act, the
Exchange Act, the General Rules and Regulations of the Securities and Exchange
Commission, and other applicable laws, rules and regulations.

Prior to completion of a business combination, the Company will generally
require that it be provided with written materials regarding the target company
containing such items as a description of products, services and company
history; management resumes; financial information; available projections, with
related assumptions upon which they are based; an explanation of proprietary
products and services; evidence of existing patents, trademarks, or service
marks, or rights thereto; present and proposed forms of compensation to
management; a description of transactions between such company and its
affiliates during relevant periods; a description of present and required
facilities; an analysis of risks and competitive conditions; a financial plan of
operation and estimated capital requirements; audited financial statements, or
if they are not available, unaudited financial statements; and other information
deemed relevant.

Results of Operations

For the year ended December 31, 2004, we did not conduct any business
operations, and we had not generated any revenue from operations.  We incurred
expenses of $1,250, primarily legal and general administrative expenses
relating to the Company's quarterly and annual filings with the SEC.

Liquidity and Capital Resources

At December 31, 2004, we had no cash and cash equivalents.  All the expenses
incurred by us in 2004, approximately $1,250, were paid by our controlling
shareholder who agreed to pay, on behalf of the Company, all administrative
expenses, including legal and accounting fees incurred in conjunction with
compliance with our on-going reporting obligations under the Securities
Exchange Act of 1934 without repayment until the Company completes a business
combination. Such payments will be made without expectation of repayment.
There is no minimum or maximum amount our controlling shareholder will pay
on behalf of the Company.  The Company has no current plans to raise funds,
either debt or equity, from investors while it is a blank check company, and
we will not borrow any funds to make any payments to our officer, director,
or promoter.

                                 RISK FACTORS

Our business is subject to numerous risk factors, including the following:

WE HAVE NO OPERATING HISTORY AND HAVE NO REVENUE AND NO ASSETS.  We have had
no operating history nor any revenues or earnings from operations. We have
neither assets or nor financial resources.  We have operated at a loss to date
and will, in all likelihood, continue to sustain operating expenses without
corresponding revenues, at least until the consummation of a business
combination.  There is no assurance that we will ever be profitable.

WE HAVE ONLY ONE DIRECTOR AND ONE OFFICER.  Because management consists of
only one person, we do not benefit from multiple judgments that a greater
number of directors or officers would provide and we will rely completely on
the judgment of our sole officer and director when selecting a target company.
The decision to enter into a business combination will likely be made without
detailed feasibility studies, independent analysis, market surveys or similar
information which, if we have more funds available to it, would be desirable.
Our sole executive officer anticipates devoting only a limited amount of time
per month to our business. We have not entered into a written employment
agreement with him and we are not expected to do so. We have not obtained key
man life insurance on him.

CONFLICTS OF INTEREST.  Our sole officer and director, participates in other
business ventures that may compete directly with us. Additional conflicts of
interest and non-arms length transactions may also arise in the future. We have
adopted a policy that we will not enter into a business combination with any
entity in which any member of management serves as an officer, director or
partner, or in which such person or such person's affiliates or associates
hold any ownership interest.

OUR PROPOSED OPERATIONS ARE SPECULATIVE. The success of our proposed plan of
operation will depend to a great extent on the operations, financial condition
and management of the identified target company. While business combinations
with entities having established operating histories are preferred, there can
be no assurance that we will be successful in locating candidates meeting
such criteria. In the event we complete a business combination the success
of our operations will be dependent upon management of the target company and
numerous other factors beyond our control. There is no assurance that we can
identify a target company and consummate a business combination.

PURCHASE OF PENNY STOCKS CAN BE RISKY.  Our securities are deemed the penny
stock as defined in Rule 3a51-1 of the Securities Exchange Act of 1934. The
SEC has adopted Rule 15g-9 which established sales practice requirements for
certain low price securities. Unless the transaction is exempt, it shall be
unlawful for a broker or dealer to sell a penny stock to, or to effect the
purchase of a penny stock by, any person unless prior to the transaction:
(i) The broker or dealer has approved the person's account for transactions
in penny stock pursuant to this rule and (ii) the broker or dealer has received
from the person a written agreement to the transaction setting forth the
identity and quantity of the penny stock to be purchased.  In order to
approve a person's account for transactions in penny stock, the broker or
dealer must: (a) obtain from the person information concerning the person's
financial situation, investment experience, and investment objectives; (b)
reasonably determine that transactions in penny stock are suitable for that
person, and that the person has sufficient knowledge and experience in financial
matters that the person reasonably may be expected to be capable of evaluating
the risks of transactions in penny stock; (c) deliver to the person a written
statement setting forth the basis on which the broker or dealer made the
determination (i) stating in a highlighted format that it is unlawful for the
broker or dealer to affect a transaction in penny stock unless the broker or
dealer has received, prior to the transaction, a written agreement to the
transaction from the person; and (ii) stating in a highlighted format
immediately preceding the customer signature line that the broker or dealer
is required to provide the person with the written statement; and (iii) the
person should not sign and return the written statement to the broker or
dealer if it does not accurately reflect the person's financial situation,
investment experience, and investment objectives; and (d) receive from the
person a manually signed and dated copy of the written statement.  It is also
required that disclosure be made as to the risks of investing in penny stock
and the commissions payable to the broker-dealer, as well as current price
quotations and the remedies and rights available in cases of fraud in penny
stock transactions.  Statements, on a monthly basis, must be sent to the
investor listing recent prices for the penny stock and information on the
limited market.

THERE IS A SCARCITY OF AND COMPETITION FOR BUSINESS OPPORTUNITIES AND
COMBINATIONS.  We are and will continue to be an insignificant participant
in the business of seeking mergers with and acquisitions of business entities.
A large number of established and well-financed entities, including venture
capital firms, are active in mergers and acquisitions of companies that may
be merger or acquisition target candidates for the Company. Nearly all such
entities have significantly greater financial resources, technical expertise
and managerial capabilities than us and, consequently, we will be at a
competitive disadvantage in identifying possible business opportunities and
successfully completing a business combination. Moreover, we will also compete
with numerous other small public companies in seeking merger or acquisition
candidates.

THERE IS NO AGREEMENT FOR A BUSINESS COMBINATION AND NO MINIMUM REQUIREMENTS
FOR BUSINESS COMBINATION. We have no agreement or understanding with respect
to engaging in a business combination with a specific entity.  There can be
no assurance that we will be successful in identifying and evaluating suitable
business opportunities or in concluding a business combination. No particular
industry or specific business within an industry has been selected for a
target company. We have not established a specific length of operating history
or a specified level of earnings, assets, net worth or other criteria which
it will require a target company to have achieved, or without which we would
not consider a business combination with such business entity. Accordingly,
we may enter into a business combination with a business entity having no
significant operating history, losses, limited or no potential for immediate
earnings, limited assets, negative net worth or other negative characteristics.
There is no assurance that we will be able to negotiate a business combination
on terms favorable to us.

REPORTING REQUIREMENTS MAY DELAY OR PRECLUDE ACQUISITION. Pursuant to the
requirements of the Exchange Act of 1934, we are required to provide certain
information about significant acquisitions including audited financial
statements of the acquired company. These audited financial statements must
be furnished within four days following the effective date of a business
combination. Obtaining audited financial statements are the responsibility
of the target company.  The additional time and costs that may be incurred
by some potential target companies to prepare such financial statements may
significantly delay or essentially preclude consummation of an otherwise
desirable acquisition by us.  Acquisition prospects that do not have or are
unable to obtain the required audited statements may not be appropriate for
acquisition.

LACK OF MARKET RESEARCH OR MARKETING ORGANIZATION.  We have neither conducted,
nor have others made available to us, market research indicating that demand
exists for the transactions contemplated by us.  Even in the event demand
exists for a transaction of the type contemplated by us, there is no assurance
we will be successful in completing any such business combination.

REGULATION UNDER INVESTMENT COMPANY ACT.  In the event we engage in business
combinations that result in the Company holding passive investment interests
in a number of entities, we could be subject to regulation under the Investment
Company Act of 1940. In such event, we would be required to register as an
investment company and could be expected to incur significant registration
and compliance costs.  We have obtained no formal determination from the SEC
as to our status under the Investment Company Act of 1940 and, consequently,
any violation of such Act could subject us to material adverse consequences.

PROBABLE CHANGE IN CONTROL AND MANAGEMENT. A business combination involving
the issuance of our common stock will, in all likelihood, result in
shareholders of a target company obtaining a controlling interest in the
Company.  As a condition of the business combination agreement, we may agree
to issue a significant amount of its common stock so as to provide the target
company with all or majority control.  The resulting change in control of
the Company will likely result in removal of the present officer and director
of the Company and a corresponding reduction in or elimination of his
participation in the future affairs of the Company.

ADDITIONAL RISKS RELATING TO DOING BUSINESS IN A FOREIGN COUNTRY.  We may
effectuate a business combination with a merger target whose business operations
or even headquarters, place of formation or primary place of business are
located outside the United States. In such event, we may face the significant
additional risks associated with doing business in that country. In addition
to the language barriers, different presentations of financial information,
different business practices, and other cultural differences and barriers that
may make it difficult to evaluate such a merger target, ongoing business risks
result from the international political situation, uncertain legal systems
and applications of law, prejudice against foreigners, corrupt practices,
uncertain economic policies and potential political and economic instability
that may be exacerbated in various foreign countries.

TAXATION.  Federal and state tax consequences will, in all likelihood, be
major considerations in any business combination we may undertake. Currently,
such transactions may be structured so as to result in tax-free treatment to
both companies, pursuant to various federal and state tax provisions. We
intend to structure any business combination so as to minimize the federal
and state tax consequences to both the Company and the target company. However,
there can be no assurance that such business combination will meet the statutory
requirements of a tax-free reorganization or that the parties will obtain the
intended tax-free treatment upon a transfer of stock or assets.  A non-
qualifying reorganization could result in the imposition of both federal and
state taxes which may have an adverse effect on both parties to the transaction.


Item 7.  Financial Statements

For the year ended December 31, 2004 we were an inactive entity.  Pursuant to
Section 3-11 of Regulation S-X, the financial statements required for purposes
of reports pursuant to the Securities Act of 1934 may be unaudited.





                    EASTON TECHNOLOGIES CORPORATION
                      (A Development Stage Company)

                             BALANCE SHEET
                       December 31, 2004 (Unaudited)

                                 ASSETS

CURRENT ASSETS .......................................       $         0
                                                             -------------
   TOTAL CURRENT ASSETS ..............................                 0
                                                             -------------
OTHER ASSETS.........................................                  0
                                                             -------------
   TOTAL OTHER ASSETS ................................                  0
                                                             -------------
TOTAL ASSETS .........................................       $          0
                                                             =============

                   LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES ..................................        $         0
                                                              ------------
   TOTAL CURRENT LIABILITIES..........................                  0
                                                              ------------
STOCKHOLDERS' EQUITY
  Preferred stock, $.0001 par value, 20,000,000 shares
  A uthorized, none share issued and outstanding......                  0

 Common stock, $.0001 par value, 80,000,000 shares
  authorized, 5,000,000 shares issued and outstanding.                500

Contributed capital...................................              9,400

Deficit accumulated during development stage .........            (9,900)
                                                             -------------
   TOTAL STOCKHOLDERS' EQUITY.........................                  0
                                                             -------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY............       $          0
                                                             =============





 The accompanying notes are an integral part of these financial statements.





                      EASTON TECHNOLOGIES CORPORATION
                       (A Development Stage Company)

                          STATEMENT OF OPERATIONS
                                (Unaudited)


                                                 For the Years Ended
                                                     December 31
                                             ---------------------------
                                                  2004          2003
                                              -------------  -----------

REVENUE...............................         $         0    $        0
                                               -----------   -----------
EXPENSES
  Administrative and general expenses.               1,250         2,800
                                               -----------   -----------
  TOTAL EXPENSES......................               1,250         2,800
                                               -----------   -----------

NET LOSS..............................         $   (1,250)    $  (2,800)
                                               ===========    ==========

Net Loss Per Share, Basic and Diluted.         $     0.00     $    0.00
                                               ===========    ==========
Weighted Average Number of
 Common Shares Outstanding............          5,000,000      5,000,000
                                               ===========     ==========





The accompanying notes are an integral part of these financial statements.





                       EASTON TECHNOLOGIES CORPORATION
                        (A Development Stage Company)

                       STATEMENT OF STOCKHOLDERS' EQUITY
            For the Years Ended December 31, 2004 and 2003 (Unaudited)

<TABLE>
<CAPTION>

                                                            Deficit Accumulated
                          Common Stock       Contributed         During
                       Shares       Amount      Capital      Development Stage      Total
                    ------------  ----------  ------------  -------------------  ------------

                      <c>         <c>          <c>             <c>                <c>
Balance at
 Dec. 31, 2002        5,000,000    $    500    $  5,350      $       (5,850)       $      0

Contributed capital          -            -       2,800                    -          2,800

Net loss                     -            -           -              (2,800)         (2,800)

Balance at
 Dec. 31, 2003        5,000,000         500       8,150              (8,650)              0
                     ==========     =======    ========       ==============      =========
Contributed capital          -            -       1,250                    -          1,250

Net loss                     -            -           -               (1,250)       (1,250)

Balance at
 Dec. 31, 2004        5,000,000      $  500    $  9,400       $       (9,900)     $       0
                     ==========     =======    =========      ===============     ==========



  The accompanying notes are an integral part of these financial statements.


</TABLE>





                    EASTON TECHNOLOGIES CORPORATION
                      (A Development Stage Company)

                    STATEMENT OF CASH FLOWS (Unaudited)



                                                 For the Years Ended
                                                     December 31,
                                              ---------------------------
                                                    2004          2003
                                              -------------- ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net Loss..................................    $   (1,250)    $   (2,800)
  Adjustment to reconcile net loss to
   net cash provided by operational activities
   Net cash used in operating activities...              0              0
                                                ----------     ----------
     Net cash used by operating activities.        (1,250)        (2,800)

CASH FLOWS FROM INVESTING ACTIVITIES.......              0              0
                                                ----------     -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
Contributed capital........................          1,250           2,800
                                                ----------     ------------
   Net cash provided by financing activities         1,250           2,800
                                                ----------     ------------

NET INCREASE (DECREASE)....................     $        0      $        0
                                                ==========     ============

Cash, Beginning of period...................     $       0      $        0
                                                ===========     ===========
Cash, End of period.........................     $       0      $        0
                                                ===========     ===========




  The accompanying notes are an integral part of these financial statements.






                         EASTON TECHNOLOGIES CORP.
                     (A DEVELOPMENT STAGE CORPORATION)

                 NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
                            DECEMBER 31, 2004


1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Going Concern

The accompanying financial statements have been prepared in conformity with
United States generally accepted accounting principles, which contemplate
continuation of the Company as a going concern.  However, the Company has
incurred losses since its inception and has not yet been successful in
establishing profitable operations.  These factors raise substantial doubt
about the ability of the Company to continue as a going concern. The
management's plans include the acquisition of a suitable business venture to
provide the opportunity for the Company to continue as a going concern. However,
there can be no assurance that management will be successful in this endeavor.

Organization

Easton Technologies Corp. (a development stage company) ("the Company") was
incorporated in the State of Delaware on March 8, 2002 to serve as a vehicle
to effect a merger, exchange of capital stock, asset acquisition or other
business combination with a domestic or foreign private business. As to date
the Company has no agreement to enter into a business combination with any
specific business or company.  The Company's fiscal year end is December 31.

Cash and cash equivalents

The Company considers all liquid investments with a maturity of three months
or less from the date of purchase that are readily convertible into cash to
be cash equivalents.

Use of estimates

The preparation of financial statements in conformity with generally accepted
accounting principles 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 records its income tax provision in accordance with SFAS 109, which
requires the use of the liability method of accounting for deferred income
taxes. As the Company has not generated taxable income since its inception,
no provision for income taxes has been made.  At December 31, 2004, the
Company did not have any significant net operating loss carry forwards.  At
December 31, 2004, the Company did not have any significant deferred tax
liabilities or deferred tax assets.

Basic and diluted net loss per share

Net loss per share is calculated in accordance with Statement of Financial
Accounting Standards 128, Earnings Per Share ("SFAS 128"), which superseded
Accounting Principles Board Opinion 15 ("APB 15"). Basic net loss per share
is based upon the weighted average number of common shares outstanding.
Diluted net loss per share is based on the assumption that all dilutive
convertible shares, stock options and warrants were converted or exercised.
Dilution is computed by applying the treasury stock method. Under this method,
options and warrants are assumed to be exercised at the beginning of the
period (or at the time of issuance, if later), and as if funds obtained thereby
were used to purchase common stock at the average market price during the
period.  At December 31, 2004 there were no dilutive convertible shares, stock
options or warrants.

2.  SHAREHOLDERS' EQUITY

Preferred Stock

The Company is authorized to issue 20,000,000 shares of preferred stock at
$.0001 par value, with such designation voting and other rights and preferences,
as may be determined from time to time by the Board of Directors.  As of
December 31, 2004, no preferred stock has been issued.

Common Stock and Contributed Capital

The Company is authorized to issue 80,000,000 shares of common stock at $.0001
par value.  At December 31, 2004, there were 5,000,000 shares of the Company's
common stock issued and outstanding.  As to date all expenses incurred or
paid by the controlling shareholder on behalf of the Company are recorded as
contributed capital.

3.   RELATED PARTY TRANSACTIONS

Since its inception, the Company has not paid any compensation to any officer
or director of the Company and no significant time and efforts have either
incurred on the part of management.

The Company neither owns nor leases any real property.  A mailing address is
provided to the Company at no charge by a third party.

All expenses incurred or paid by the controlling shareholder on behalf of the
Company to the date have been recorded in the Company's statement of operations
with a related credit to contributed capital.


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

None.


Item 8A.   Controls and Procedures

Management has evaluated the effectiveness of our disclosure controls and
procedures (as such term is defined in Rules 13a-15 and 15d-15 under the
Securities Exchange Act of 1934, as amended) as of the end of the period
covered by this annual report (the "Evaluation Date").  Based upon such
evaluation, the officer has concluded that, as of the Evaluation Date, our
disclosure controls and procedures are effective in alerting him on a timely
basis to material information relating to the Company required to be included
in our reports filed or submitted under the Exchange Act.

During the most recent fiscal year, there have not been any significant
changes in our internal controls over financial reporting or in other factors
that could have materially affected, or are reasonably likely to materially
affect, our internal controls over financial reporting.


Item 8B.   Other Information

None.



                                  PART III


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

We have only one Director and Officer as follows:

     Name        Age                   Positions
-------------  ------  ---------------------------------------------------
Jianjun Zhang    35      President, Treasurer, Secretary, and Director

There are no agreements or understandings for the officer or director to
resign at the request of another person and the above-named officer and director
is neither acting on behalf of nor will act at the direction of any other
person.

Set forth below is the name of our director and officer, all positions and
offices with the Company held, the period during which he has served as such,
and the business experience during at least the last five years:

Jianjun Zhang has served as president, treasurer, secretary and the sole
director of the Company since its inception.  From February 1994 to January
2000, Mr. Zhang was product manager of Shanghai Xiehe Daily-Use Healthy
Products Limited, a manufacturer and seller of health and beauty products in
Shanghai, China.  From January 2000 to January 2002, he was a self-employed
small business consultant.  From January 2002 to present, he has been the
president of Waywood Investment Ltd., a business consulting firm incorporated
in the British Virgin Islands.

During the past five years, no present or former directors, executive officers,
promoters, or control persons of the Company involve any legal proceedings
that are material to an evaluation of their ability or integrity, as described
in Item 401 of Regulation S-B.

COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires
the Company's officers and directors, and persons who own more than 10% of
a registered class of the Company's equity securities, to file reports of
ownership and changes in ownership of equity securities of the Company with
the SEC.  Officers, directors and greater-than 10% shareholders are required
by the SEC regulations to furnish the Company with copies of all Section
16(a) forms they file.

To the Company's knowledge, based solely on its review of the copies of such
reports furnished to the Company and written representations that no other
reports were required during the year ended December 31, 2004, all Section 16(a)
filing requirements applicable to its officers, directors and greater than
10% beneficial owners were complied with.


Item 10.  Executive Compensation

Our sole officer and director does not receive any compensation for his services
rendered to the Company, has not received such compensation in the past, and
is not accruing any compensation pursuant to any agreement with us.  No
retirement, pension, profit sharing, stock option or insurance plan or other
similar programs have been adopted by the Company for the benefit of its
executive officers.

Compensation of Directors

There was no compensation paid to the sole director of the Company.

Employment Agreements

We have not entered into any employment contract with our sole executive
officer.

Long-Term Incentive Plan

None.


Item 11.  Security Ownership of Certain Beneficial Owners and Management

The following table sets forth, as of April 18, 2005, certain information
with respect to the beneficial ownership of our common stock as to (i) each
person known by the Company to beneficially own more than five percent of the
outstanding shares of our common stock, (ii) each of our directors, (iii)
each of our named executives and (iv) all of our directors and executive
officers as a group.  Except as noted, each person has sole voting and
investment power with respect to the shares shown.

<TABLE>
<CAPTION>

                     Name and Address           Amount and Nature of    Percent
Title of Class      of Beneficial Owner         Beneficial Ownership    of Class
-------------  -------------------------------  --------------------  ----------

                        <c>                         <c>                <c>
Common Stock   Comp Asset International Ltd.(1)      4,250,000            85%
               49-51 Jervois Street, 7th Floor
               Sheung Wan, Hong Kong

Common Stock   Jianjun Zhang                           750,000            15%
               C/o 80 Wall Street, Suite 818
               New York, NY 10005

Common Stock   All Officers and                        750,000            15%
               Directors as a Group (one person)
----------------------------------------------------------------------------
</TABLE>

(i)  Comp Asset International Ltd. is owned by South Sea Petroleum Holdings
Ltd., a Hong Kong corporation.

There are no outstanding options or warrants to purchase, nor any securities
convertible into, our common shares.

Changes In Control

The Company knows of no arrangement, including the pledge by anyone of any
securities of the Company may result in a change in control.


Item 12.  Certain Relationships and Related Transactions

None.


Item 13.  Exhibits and Reports on Form 8-K

(a)   Exhibits

Exhibit No.                      Description
----------  ---------------------------------------------------------
 3.1        Certificate of Incorporation (1)
 3.2        By-Laws (1)
 4.1        Specimen Stock Certificate (2)
10.1        Agreement with Waywood Investment Ltd. (1)
10.2        Shareholder agreement (1)
31.1        Certification pursuant to Section 302 of the Sarbanes-Oxley Act
            of 2002.
32.1        Certification pursuant to Section 906 of the Sarbanes-Oxley Act
            of 2002.
---------------------------------------------------------------------------
  (1)  Incorporated by reference from the Company's registration statement on
       Form 10-SB filed on June 10, 2002 (File No. 000-49853)

  (2)  Incorporated by reference from the Company's registration statement on
       Form 10-SB/A filed on July 29, 2002 (File No. 000-49853).

(b)  Reports on Form 8-K:   None.


Item 14. Principal Accountant Fees and Services

1. Audit and Audit-Related Fees

During the year ended December 31, 2004 and 2003, the Company's financial
statements have not been audited pursuant to Section 3-11 of Regulation S-X.
Accordingly, no fees have been paid to the Company's principal accountant
in fiscal 2004 and 2003.

2.  Tax Fees:   None.

3.  All Other Fees:  None.




                                  SIGNATURES


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


Easton Technologies Corp.

By: /s/ Jianjun Zhang
----------------------------------------------
Jianjun Zhang, President and the sole Director


Date: April 20, 2005