----

|  TECHNOLOGY                GENERAL                CORPORATION                       |
|------------------------------------------------------------------------------------------|
|  (Exact                name of Small Business Issuer in                its charter) |

|  New                  Jersey                                                                | 22-1694294                                       |
|--------------------------------------------------------------------------------------------------|-------------------------------------------------------|
|  (State                  or jurisdiction of incorporation                  or organization) | (I.R.S.                  Employer Identification No.) |

|  12                  Cork Hill Road, Franklin, New Jersey                   |  07416                       |
|----------------------------------------------------------------------------------|-----------------------------------|
|  (Address                  of principal executive                  offices) |  (Zip                  Code) |

|  Yes X |  No |
|------------------|----------|

----

|                                                                                                                                       |  PAGE NO. |
|--------------------------------------------------------------------------------------------------------------------------------------------|----------------|
|  Part 1. Financial Information                                                                                                        |           |
|                                                                                                                                       |           |
|  Item 1. Consolidated Financial              Statement (unaudited)                                                                    |           |
|                                                                                                                                       |           |
|  Consolidated                Balance Sheet - June 30, 2005                                                                            |  3        |
|                                                                                                                                       |           |
|  Consolidated                Statement of Operations For the three months ended June 30, 2005,                and                2004 |  4        |
|                                                                                                                                       |           |
|  Consolidated                Statement of Cash Flows For the three months ended June 30, 2005                and                2004  |  5        |
|                                                                                                                                       |           |
|  Notes                to Consolidated Financial Statements                                                                            |  6        |
|                                                                                                                                       |           |
|  Item              2. Management's Discussion and Analysis of Financial Condition and              Results              of Operation  |  7-9      |
|                                                                                                                                       |           |
|  Signatures                                                                                                                           |  10       |

----

|  ASSETS                                                                                                                                                                                  |                              |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|
|                                                                                                                                                                                          |                              |
|  CURRENT ASSETS:                                                                                                                                                                         |                              |
|  Cash                  and cash equivalents                                                                                                                                              |  $125,159                    |
|  Accounts                  receivable, net of allowance for doubtful accounts                  of $5,700                                                                                 |  275,923                     |
|  Inventories                                                                                                                                                                             |  251,046                     |
|  Prepaid                  expenses and other current assets                                                                                                                              |   9,076                 |
|  Total                  current assets                                                                                                                                                   |  661,204                     |
|                                                                                                                                                                                          |                              |
|  PROPERTY, PLANT AND EQUIPMENT, net                                                                                                                                                      |  1,620,102                   |
|                                                                                                                                                                                          |                              |
|  OTHER                ASSETS, NET                                                                                                                                                        |  24,367                      |
|                                                                                                                                                                                          |  $2,305,673                  |
|                                                                                                                                                                                          |                              |
|  LIABILITIES                AND STOCKHOLDER'S EQUITYCURRENT                  LIABILITIES:                                                                                                |                              |
|  Current                  maturities of long-term debt                                                                                                                                   |                    $ 159,957 |
|  Accounts                  payable and accrued expenses                                                                                                                                  |  202,657                     |
|  Total                  current liabilities                                                                                                                                              |  362,614                     |
|                                                                                                                                                                                          |                              |
|  LONG - TERM DEBT:                                                                                                                                                                       |                              |
|  Long-term                  obligations, net of current maturities                                                                                                                       |  1,833,423                   |
|  Security                  deposits                                                                                                                                                      |  59,644                      |
|  Total                  long - term debt                                                                                                                                                 |  1,893,067                   |
|                                                                                                                                                                                          |                              |
|  STOCKHOLDERS' EQUITY:                                                                                                                                                                   |                              |
|  Common                  stock, $.001 par value, 1 vote per share, authorized                  30,000,000 shares, issued 5,886,228 shares, outstanding                  5,811,912 shares |   5,886                 |
|  Class                  A common stock, $.001 par value, .1 vote per share, authorized                  15,000,000 shares, issued and outstanding                  131,839 shares        |  132                         |
|  Capital                  in excess of par value                                                                                                                                         |   2,421,124             |
|  Accumulated                  deficit                                                                                                                                                    |  (2,367,319)                 |
|                                                                                                                                                                                          |  59,823                      |
|                                                                                                                                                                                          |                              |
|  Less                  treasury stock, at cost, 74,316 shares                                                                                                                            |  (9,831)                     |
|  Total                  stockholders' equity                                                                                                                                             |  49,992                      |
|                                                                                                                                                                                          |   $2,305,673            |

----

|                                                                             |  2005            |  2004            |
|----------------------------------------------------------------------------------|-----------------------|-----------------------|
|                                                                             |                  |                  |
|  REVENUES:                                                                  |                  |                  |
|  Product                sales                                               |  $300,213        |  $278,816        |
|  Rentals                                                                    |  219,002         |  225,881         |
|                                                                             |  519,215         |  504,697         |
|                                                                             |                  |                  |
|  COSTS AND EXPENSES:                                                        |                  |                  |
|  Cost                of product sales                                       |  165,316         |   181,008   |
|  Cost                of rentals                                             |  96,116          |  96,902          |
|  Selling,                general and administrative                expenses |  245,222         |  274,087         |
|                                                                             |  506,654         |  551,997         |
|                                                                             |                  |                  |
|  INCOME              (LOSS) FROM OPERATIONS                                 |  12,561          |   (47,300)  |
|                                                                             |                  |                  |
|  OTHER INCOME (EXPENSE):                                                    |                  |                  |
|  Interest                expense                                            |  (136)           |  (436)           |
|  Interest                and Dividend Income                                |  61              |   79        |
|  Miscellaneous                income (expense)                              |  (8,320)         |  291             |
|  EPA                and DEP settlement                                      |   (154,422) |  -               |
|                                                                             |  (162,817)       | (66)        |
|                                                                             |                  |                  |
|  LOSS BEFORE INCOME TAXES                                                   |   (150,256) |  (47,366)        |
|  INCOME              TAXES                                                  |  -               |  -               |
|  NET              (LOSS)                                                    |  (150,256)       |   ($47,366) |

----

|                                                                                                                                        |  2005                      |  2004                   |
|---------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|------------------------------|
|                                                                                                                                        |                            |                         |
|  CASH FLOWS FROM OPERATING              ACTIVITIES:                                                                                    |                            |                         |
|  Net                loss                                                                                                               |   ($150,256)          |   ($47,366)        |
|  Adjustment                to reconcile net loss to                net cash provided by (used                in) operating activities: |                            |                         |
|  Depreciation                and amortization                                                                                          |  20,185                    |                  24,649 |
|  Increase                (decrease) in cash attributable to changes                in operating assets and liabilities:                |                            |                         |
|  Accounts                receivable                                                                                                    |  565                       |  7,066                  |
|  Inventories                                                                                                                           |  (9,514)                   |  10,479                 |
|  Prepaid                expenses and other current assets                                                                              |  1,540                     |  (18,786)               |
|  Other                assets                                                                                                           |  2,013                     |  2,304                  |
|  Accounts                payable and accrued expenses                                                                                  |   (54,749)            |  (9,717)                |
|  Security                deposits                                                                                                      |  (3,582)                   |  -                      |
|                                                                                                                                        |                            |                         |
|  NET              CASH PROVIDED BY (USED IN)OPERATING ACTIVITIES                                                                       |                  (193,798) |  (31,371)               |
|                                                                                                                                        |                            |                         |
|  NET CASH USED IN INVESTING              ACTIVITIES:                                                                                   |                            |                         |
|  Sale                (Purchases) of property, plant, and                equipment, net                                                 |  154,422                   |  (3,150)                |
|                                                                                                                                        |                            |                         |
|  CASH FLOWS FROM FINANCING              ACTIVITIES:                                                                                    |                            |                         |
|  Principal                payments on long-term debt                                                                                   |  (14,371)                  |  (37,546)               |
|  Increase                in long-term debt                                                                                             |  20,000                    |  -                      |
|                                                                                                                                        |                            |                         |
|  NET              CASH USED IN FINANCING ACTIVITIES                                                                                    |  5,629                     |   (37,546)         |
|                                                                                                                                        |                            |                         |
|  NET              DECREASE IN CASH AND CASH              EQUIVALENTS                                                                   |  (33,747)                  |   (72,067)         |
|                                                                                                                                        |                            |                         |
|  CASH              AND CASH EQUIVALENTS, beginning              of period                                                              |  158,906                   |  215,528                |
|                                                                                                                                        |                            |                         |
|  CASH              AND CASH EQUIVALENTS, end of period                                                                                 |   $125,159            |  $143,461               |

----

----

----

----

----

|  Date: December 21, 2005                                                                                                     |  TECHNOLOGY GENERAL                CORPORATION |
|-----------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------|
|                                                                                                                              |                                                |
|                                                                                                                              |                                                |
|  BY: /s/Charles                J. Fletcher                                                                              |                                                |
|  Charles                J. FletcherPresident,                  Chief Executive OfficerChairman                  of the Board |                                                |
|                                                                                                                              |                                                |
|                                                                                                                              |                                                |
|  BY: /s/Helen                S. Fletcher                                                                                |                                                |
|  Helen                S. FletcherSecretary/Treasurer                                                                         |                                                |

----