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

                                   FORM 10-QSB




(X) QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
        FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2005


( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
        For the transition period from                  to
                                        ----------------    ----------------

Commission File Number: 0-21092

                                   OCTuS, Inc.
                                   -----------
        (Exact name of small business issuer as specified in its charter)

Nevada                                                               33-0013439
------                                                               ----------
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
incorporation or organization)


            Ave. Balboa Edificio Los Defines 100 Mezanina, Panama City, Panama
--------------------------------------------------------------------------------
                         (Address of principal executive offices)



                              (011) (507) 265-1555
                              --------------------
                           (Issuer's Telephone Number)



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

                      APPLICABLE ONLY TO CORPORATE ISSUERS


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practical date. As of November 18, 2005, the issuer the
following classes of its stock issued and outstanding:


        Class:  Common Stock, $0.001 Par Value:   13,437,072 shares outstanding
        Class:  Preferred Stock, $0.001 Par Value:         0 shares outstanding





                                       1
<PAGE>





                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS



<TABLE>
<CAPTION>
                                   OCTuS, INC.
                           CONSOLIDATED BALANCE SHEET
                               September 30, 2005
                                  (unaudited)

<S>                                    <C>                                         <C>
                                     ASSETS

CURRENT ASSETS
      Cash                                                                  $              -
                                                                            =================


            LIABILITIES AND STOCKHOLDERS' (DEFICIT)

CURRENT LIABILITIES
      Accounts payable                                                      $         18,023
      Accounts payable - related parties                                              43,610
      Accrued interest - related party                                                22,608
      Accrued dividends payable                                                       81,185
      Notes payable - related parties                                                194,568
                                                                            -----------------
                 Total current liabilities                                           359,994
                                                                            -----------------

STOCKHOLDERS' (DEFICIT)
      Common stock,  $0.001 par value, 100,000,000 shares authorized,
           13,437,072 shares issued and outstanding                                   13,437
      Paid-in capital                                                             22,836,698
      Accumulated (deficit)                                                      (23,210,129)
                                                                            -----------------
                 Total stockholders' (deficit)                                      (359,994)
                                                                            -----------------

                                                                            $              -
                                                                            =================
</TABLE>






                                       2
<PAGE>




<TABLE>
<CAPTION>
                                             OCTuS, INC.
                                CONSOLIDATED STATEMENTS OF OPERATIONS
                                             (unaudited)



<S>                                             <C>                  <C>                  <C>                <C>
                                           THREE MONTHS          NINE MONTHS        THREE MONTHS         NINE MONTHS
                                               ENDED                ENDED               ENDED               ENDED
                                         September 30, 2005   September 30, 2005  September 30, 2004  September 30, 2004
                                         -----------------    -----------------   -----------------   ------------------

 Revenues                                $              -     $              -    $              -    $               -
                                         -----------------    -----------------   -----------------   ------------------

 General and administrative expenses               15,655               51,062               6,939               39,257
                                         -----------------    -----------------   -----------------   ------------------

 (Loss) from operations                           (15,655)             (51,062)             (6,939)             (39,257)

  Interest expense                                 (2,459)              (7,142)             (1,980)              (5,372)
                                         -----------------    -----------------   -----------------   ------------------

Net (loss)                                        (18,114)             (58,204)             (8,919)             (44,629)

Preferred dividends                                     -                4,500               2,250                6,750
                                         -----------------    -----------------   -----------------   ------------------

Net (loss) available to common
shareholders                             $        (18,114)    $        (62,704)   $        (11,169)   $         (51,379)
                                         =================    =================   =================   ==================

Per share information - basic and fully diluted
 Weighted average shares outstanding           13,437,072           13,123,885          12,937,072           12,937,072
                                         =================    =================   =================   ==================

Net (loss) per common share              $          (0.00)    $          (0.00)   $          (0.00)   $           (0.00)
                                         =================    =================   =================   ==================
</TABLE>






                                       3
<PAGE>





<TABLE>
<CAPTION>
                                   OCTuS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)


                                                                           NINE MONTHS             NINE MONTHS
                                                                              ENDED                   ENDED
                                                                        September 30, 2005     September 30, 2004
                                                                        ------------------     -------------------
<S>                                                                             <C>                    <C>
OPERATING ACTIVITIES
                 Net cash (used in) operating activities                $          (9,507)     $          (18,675)
                                                                        -----------------      -------------------

INVESTING ACTIVITIES
                 Net cash (used in) investing activities                                -                       -
                                                                        ------------------     -------------------

FINANCING ACTIVITIES
     Proceeds from notes and accounts payable - related party                       9,297                  19,000
                                                                        ------------------     -------------------
                 Net cash provided by financing activities                          9,297                  19,000
                                                                        ------------------     -------------------

                     Net increase (decrease) in cash                                 (210)                    325

BEGINNING CASH                                                                        210                      22
                                                                        ------------------     -------------------

ENDING CASH                                                             $               -      $              347
                                                                        ==================     ===================
</TABLE>







                                       4
<PAGE>







                                   OCTuS, INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2005
                                   (UNAUDITED)


NOTE 1.  BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
("GAAP") for interim financial information and Item 310(b) of Regulation S-B.
They do not include all of the information and footnotes required by GAAP for
complete financial statements. In the opinion of management, all adjustments
(consisting only of normal recurring adjustments) considered necessary for a
fair presentation have been included. The results of operations for the periods
presented are not necessarily indicative of the results to be expected for the
full year. For further information, refer to the audited financial statements of
the Company as of December 31, 2004, and for the two years then ended, including
notes thereto, included in the Company's Form 10-KSB.

NOTE 2.  EARNINGS PER SHARE

The Company calculates net income (loss) per share as required by Statement of
Financial Accounting Standards (SFAS) 128, "Earnings per Share." Basic earnings
(loss) per share is calculated by dividing net income (loss) by the weighted
average number of common shares outstanding for the period. Diluted earnings
(loss) per share is calculated by dividing net income (loss) by the weighted
average number of common shares and dilutive common stock equivalents
outstanding. During the periods presented, common stock equivalents were not
considered, as their effect would be anti-dilutive.

NOTE 3.  GOING CONCERN

The accompanying consolidated financial statements have been prepared in
conformity with GAAP, which contemplates continuation of the Company as a going
concern. The Company has working capital and shareholders' deficits of $ 359,994
and an accumulated deficit of $ 23,210,129 as of September 30, 2005.

The Company is currently seeking a viable business to merge with and, in
addition, is seeking equity capital. However, the Company has no commitment from
any party to provide additional capital and there is no assurance that such
funding will be available when needed, or if available, that its terms will be
favorable or acceptable to the Company. The Company is reliant on a related
party to provide working capital.

The financial statements do not include any adjustments to reflect the possible
future effects on the recoverability and classification of assets or the amounts
and classification of liabilities that may result from the possible inability of
the Company to continue as a going concern.



                                       5
<PAGE>


NOTE 4.  RELATED PARTY TRANSACTIONS

During the nine months ended September 30, 2005, a related party has loaned the
Company $ 9,297 for operations at 10% interest. The loan is unsecured and no
terms have been determined on the repayment of these funds. The Company has
recorded interest expense of $2,459 and $7,142 related to the note payable -
related party during the three and nine month periods ended September 30, 2005.
On May 24, 2005, the Company entered into a demand promissory note agreement
with the lender. The terms provide for a maximum borrowing limit of $150,000,
interest at 10% per annum and due within 90 days of any demand notice presented
to the Company by the lender. In the event the loan then becomes past due,
interest will accrue at the rate of 12% per annum. If the Company acquires any
assets, the lender has the option of securing the demand promissory note with a
security interest in any such assets.


During the nine months ended September 30, 2005, the Company incurred $3,000 of
consulting expense, related to an agreement with the former President of the
Company in which he provided consulting services at a monthly rate of $1,000. As
of September 30, 2005, $101,747 of expenses related to this agreement was unpaid
of which $ 16,747 is included in accounts payable and accrued expenses - related
parties. The balance of $85,000 is included in Notes Payable - related parties

NOTE 5.  STOCK SPLIT

On May 24, 2005, the Board of Directors authorized a two-for-one forward stock
split which was effective June 21, 2005. Accordingly, all share and per share
amounts have been restated for all periods presented.

Effective June 20, 2005, the 250,000 outstanding shares of convertible Series C
6% cumulative, $.001 par value preferred stock were converted into 500,000
(post-split) shares of $.001 par value common stock of the Company. Upon
conversion, the accumulated dividends became due and payable to the preferred
shareholder. The total accumulated preferred dividends at the date of conversion
were $81,185. This amount has been accrued in the accompanying financial
statements.

NOTE 6.  POTENTIAL ACQUISITION

On February 22, 2005, the Company executed a non-binding Letter of Intent to
effectuate a business combination with MicroSlate Inc., a Canadian corporation
("MicroSlate"). Subject to customary due diligence and further negotiations, the
business combination between the Company and MicroSlate will be effectuated by
reverse merger, reorganization or asset purchase. During the nine months ended
September 30, 2005, expenses totaling $23,694 have been paid by MicroSlate on
behalf of the Company. All such amounts have been accrued at September 30, 2005.




                                       6
<PAGE>



ITEM 2.  PLAN OF OPERATION

THIS FOLLOWING INFORMATION SPECIFIES CERTAIN FORWARD-LOOKING STATEMENTS OF
MANAGEMENT OF THE COMPANY. FORWARD-LOOKING STATEMENTS ARE STATEMENTS THAT
ESTIMATE THE HAPPENING OF FUTURE EVENTS AND ARE NOT BASED ON HISTORICAL FACT.
FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY THE USE OF FORWARD-LOOKING
TERMINOLOGY, SUCH AS "MAY", "SHALL", "COULD", "EXPECT", "ESTIMATE",
"ANTICIPATE", "PREDICT", "PROBABLE", "POSSIBLE", "SHOULD", "CONTINUE", OR
SIMILAR TERMS, VARIATIONS OF THOSE TERMS OR THE NEGATIVE OF THOSE TERMS. THE
FORWARD-LOOKING STATEMENTS SPECIFIED IN THE FOLLOWING INFORMATION HAVE BEEN
COMPILED BY OUR MANAGEMENT ON THE BASIS OF ASSUMPTIONS MADE BY MANAGEMENT AND
CONSIDERED BY MANAGEMENT TO BE REASONABLE. OUR FUTURE OPERATING RESULTS,
HOWEVER, ARE IMPOSSIBLE TO PREDICT AND NO REPRESENTATION, GUARANTY, OR WARRANTY
IS TO BE INFERRED FROM THOSE FORWARD-LOOKING STATEMENTS.

THE ASSUMPTIONS USED FOR PURPOSES OF THE FORWARD-LOOKING STATEMENTS SPECIFIED IN
THE FOLLOWING INFORMATION REPRESENT ESTIMATES OF FUTURE EVENTS AND ARE SUBJECT
TO UNCERTAINTY AS TO POSSIBLE CHANGES IN ECONOMIC, LEGISLATIVE, INDUSTRY, AND
OTHER CIRCUMSTANCES. AS A RESULT, THE IDENTIFICATION AND INTERPRETATION OF DATA
AND OTHER INFORMATION AND THEIR USE IN DEVELOPING AND SELECTING ASSUMPTIONS FROM
AND AMONG REASONABLE ALTERNATIVES REQUIRE THE EXERCISE OF JUDGMENT. TO THE
EXTENT THAT THE ASSUMED EVENTS DO NOT OCCUR, THE OUTCOME MAY VARY SUBSTANTIALLY
FROM ANTICIPATED OR PROJECTED RESULTS, AND, ACCORDINGLY, NO OPINION IS EXPRESSED
ON THE ACHIEVABILITY OF THOSE FORWARD-LOOKING STATEMENTS. WE CANNOT GUARANTY
THAT ANY OF THE ASSUMPTIONS RELATING TO THE FORWARD-LOOKING STATEMENTS SPECIFIED
IN THE FOLLOWING INFORMATION ARE ACCURATE, AND WE ASSUME NO OBLIGATION TO UPDATE
ANY SUCH FORWARD-LOOKING STATEMENTS.

CRITICAL ACCOUNTING POLICY AND ESTIMATES. Our Management's Discussion and
Analysis of Financial Condition and Results of Operations section discusses our
consolidated financial statements, which have been prepared in accordance with
accounting principles generally accepted in the United States of America. The
preparation of these financial statements requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities at
the date of the financial statements and the reported amounts of revenues and
expenses during the reporting period. On an on-going basis, management evaluates
its estimates and judgments, including those related to revenue recognition,
accrued expenses, financing operations, and contingencies and litigation.
Management bases its estimates and judgments on historical experience and on
various other factors that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about
the carrying value of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions. The most significant accounting estimates inherent in
the preparation of our financial statements include estimates as to the
appropriate carrying value of certain assets and liabilities which are not
readily apparent from other sources. These accounting policies are described at
relevant sections in this discussion and analysis and in the notes to the
consolidated financial statements included in our Annual Report as of December
31, 2004 filed on Form 10-KSB.

BUSINESS. OCTuS, Inc. ("we," the "Company" or "OCTuS") was incorporated in
October 1983 in California. On December 29, 2001, a majority of the shareholders
voted to change our state of incorporation to Nevada. We completed this change
in December 2003. In December 1991, in connection with our shift in focus from
the laser printer to the computer-telephone integration market, we changed our
name from Office Automation Systems, Inc. to OCTuS, Inc.


                                       7
<PAGE>


The core of our technology from our inception until 1991 was comprised of
software for use in controllers for laser printers and related imaging devices.
We incorporated this technology into our own LaserPro(R) laser printer products
and also licensed the technology to third parties. In 1991, because of low
margins and competition, we shifted our primary focus from laser printer
controller technology to the development of the OCTuS PTA product line. We
currently have no revenue generating operations.

In February 2005, we executed a non-binding Letter of Intent (the "LOI") to
effectuate a business combination with MicroSlate Inc., a Canadian corporation
("MicroSlate"). The contemplated transaction was subject to customary due
diligence and further negotiations. The business combination between the
Registrant and MicroSlate was to be effectuated by reverse merger,
reorganization or asset purchase. However, the closing date prescribed by the
LOI has passed without a conclusion to this transaction. There is no guarantee
we will be able to conclude this transaction, or a similar transaction or that
if we do, that we will be able to operate profitably, either now or in the
future.

LIQUIDITY AND CAPITAL RESOURCES. We have cash of $0 as of September 30, 2005.
Our total assets were also $0 as of September 30, 2005. Our current liabilities
were $359,994 as of September 30, 2005, consisting of $18,023 in accounts
payable, $43,610 in accounts payable to related parties. Of this amount, $23,694
was paid by MicroSlate on our behalf during the nine months ended September 30,
2005. We also had $22,608 in accrued interest payable to a related party,
$81,185 in accrued dividends payable and $194,568 in notes payable to related
parties. Since we have no cash, we are not able to pay our day to day expenses
for the next twelve months; however we anticipate that Grupo Dynastia S.A., the
related parties that have lent us funds, will continue to do so until we are
able to commence generating revenue; otherwise we may have to cease operations.
Although we have actively been pursuing new investments, we cannot give
assurance that we will enter into any new investment, or that the terms of any
such agreements will be on terms favorable to us. During the nine months ended
September 30, 2005, a related party loaned us $9,297 to continue operations.

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2005 AND SEPTEMBER 30, 2004.

RESULTS OF OPERATIONS.

REVENUES. We have realized no revenues during either the period ended September
30, 2005 or that ended September 30, 2004.

OPERATING AND INTEREST EXPENSES. For the three months ended September 30, 2005,
our operating expenses were $15,655, which was represented by solely by general
and administrative expenses. We also had $2,459 in interest expense. Therefore,
for the three months ended September 30, 2005, we experienced a net loss of
$18,114 and a net loss attributable to common shareholders of $18,114. Grupo
Dynastia S.A. has been funding our operations since we are not able to generate
revenues, and MicroSlate has paid a portion of our expenses as well in the
period ending in 2005. This is comparison to the three months ended September
30, 2004, where we had operating expenses of $6,939, also represented solely by
general and administrative expenses. Our operating expenses were higher for the
period ending in 2005 due to increased legal and accounting fees. For the three
months ended September 30, 2004, we also had $1,980 in interest expense, making
our net loss $8,919. After consideration of $2,250 in preferred dividends we had
a net loss attributable to common shareholders of $11,169.

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND SEPTEMBER 30, 2004.

RESULTS OF OPERATIONS.

REVENUES. WE HAVE REALIZED NO REVENUES DURING EITHER THE PERIOD ENDED SEPTEMBER
30, 2005 OR THAT ENDED SEPTEMBER 30, 2004.

OPERATING AND INTEREST EXPENSES. For the nine months ended September 30, 2005,
our operating expenses were $51,062, which was represented by solely by general
and administrative expenses. We also had $7,142 in interest expense. Therefore,
for the nine months ended September 30, 2005, we experienced a net loss of
$58,204. After consideration of $4,500 in preferred dividends, we had a net loss
attributable to common shareholders of $62,704. This is comparison to the nine
months ended September 30, 2004, where we had operating expenses of $39,257,
also represented solely by general and administrative expenses. Our operating
expenses were higher for the period ending in 2005 due to increased legal and
accounting fees. For the nine months ended September 30, 2004, we also had
$5,372 in interest expense, making our net loss $44,629. After consideration of
$6,750 in preferred dividends we had a net loss attributable to common
shareholders of $51,379.


                                       8
<PAGE>


LIMITATIONS ON NET OPERATING LOSS AND CREDIT CARRYFORWARDS. As of September 30,
2005, we had significant tax credit and research carry forwards for federal tax
reporting purposes that expire through 2009. Additionally, we have federal and
state net operating loss carry forwards, expiring through 2024. Because of a
substantial change in our ownership resulting from an initial public offering,
an annual limitation has been placed on utilization of the loss carry forwards
generated prior to our initial public offering.

OUR PLAN OF OPERATION FOR THE NEXT TWELVE MONTHS. Management believes that
without an influx of significant new funds, we will not be able to sustain our
operations through the next fiscal year. Although we have actively been pursuing
new investment, we cannot give assurance that we will enter into any new
investment, or that the terms of any such agreements will be on terms favorable
to us. There is no assurance that Grupo Dynastia S.A., which has been funding
our operations or any subsequent controlling owners, will continue to fund us.
Should we be unable to obtain additional revenues, which is likely, and/or raise
additional capital, we could be forced to cease business activities altogether.

In February 2005, we executed a non-binding Letter of Intent (the "LOI") to
effectuate a business combination with MicroSlate Inc., a Canadian corporation
("MicroSlate"). The contemplated transaction was subject to customary due
diligence and further negotiations. The business combination between the
Registrant and MicroSlate was to be effectuated by reverse merger,
reorganization or asset purchase. However, the closing date prescribed by the
LOI has passed without a conclusion to this transaction. There is no guarantee
we will be able to conclude this transaction, or a similar transaction or that
if we do, that we will be able to operate profitably, either now or in the
future.

We anticipate that we may still require additional capital, which will likely
have to come from issuing additional equity interest, which cannot occur without
dramatically diluting the existing equity ownership of our common stockholders.

We are not currently conducting any research and development activities and do
not anticipate conducting such activities in the near future. Unless we raise
funds to accommodate additional expenditures, we do not anticipate that we will
purchase any significant equipment. In the event that we generate significant
revenues and expand our operations, then we may need to hire additional
employees or independent contractors as well as purchase or lease additional
equipment.

OFF-BALANCE SHEET ARRANGEMENTS. There are no 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.



                                       9
<PAGE>


ITEM 3. CONTROLS AND PROCEDURES

The Company maintains a system of disclosure controls and procedures that is
designed to provide reasonable assurance that information, which is required to
be disclosed by the Company in the reports that it files or submits under the
Securities and Exchange Act of 1934, as amended, is accumulated and communicated
to management in a timely manner. The Company's Chief Executive Officer and
Chief Financial Officer has evaluated this system of disclosure controls and
procedures as of the end of the period covered by this quarterly report, and
believe that the system is operating effectively to ensure appropriate
disclosure. There have been no changes in the Company's internal control over
financial reporting during the most recent fiscal year that have materially
affected, or are reasonably likely to materially affect, the Company's internal
control over financial reporting.

                          PART II -- OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.  SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

None.

ITEM 5.  OTHER INFORMATION

None.

ITEM 6.  EXHIBITS

         31. Rule 13a-14(a)/15d-14(a) Certifications.

         32. Section 1350 Certifications.






                                       10
<PAGE>





                                   SIGNATURES

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

                                      OCTuS, Inc.,
                                      a Nevada corporation



November 21,  2005              By:   /s/ Josie Ben Rubi
                                      -----------------------------------
                                      Josie Ben Rubi
                                      principal executive, accounting and
                                      financial officer, president, treasurer,
                                      and a director