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 JUNE 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)



                      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 August 19, 2005, the issuer the
following classes of its stock issued and outstanding: Class: Common Stock,
$0.001 Par Value: 13,437,072 shares outstanding



                                       1
<PAGE>





                         PART I - FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS
-----------------------------



                                   OCTuS, INC.
                           CONSOLIDATED BALANCE SHEET
                                 June 30, 2005
                                   (unaudited)



<TABLE>
<CAPTION>
                                     ASSETS
<S>                                    <C>                                   <C>
CURRENT ASSETS
      Cash                                                              $           -
                                                                        ==============


                     LIABILITIES AND STOCKHOLDERS' (DEFICIT)

CURRENT LIABILITIES
      Accounts payable                                                  $      26,061
      Accounts payable-related parties                                         31,916
      Accrued interest - related party                                         20,148
      Accrued dividends payable                                                81,185
      Notes payable - related party                                           182,568
                                                                        --------------
                Total current liabilities                                     341,878
                                                                        --------------

STOCKHOLDERS' (DEFICIT)
      Common stock,  $0.001 par value, 100,000,000 shares authorized,
           13,437,072 shares issued and outstanding                            13,437
      Additional paid-in capital                                           22,836,698
      Accumulated (deficit)                                               (23,192,013)
                                                                        --------------
                Total stockholders' (deficit)                                (341,878)
                                                                        --------------

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






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

                                       2
<PAGE>




                                    OCTuS, INC.
                       CONSOLIDATED STATEMENTS OF OPERATIONS
                                    (unaudited)

<TABLE>
<CAPTION>
                                                 THREE MONTHS        SIX MONTHS       THREE MONTHS        SIX MONTHS
                                                    ENDED              ENDED             ENDED               ENDED
                                               June 30, 2005       June 30, 2005     June 30, 2004      June 30, 2004
                                               ---------------    ----------------   --------------     ---------------
  <S>                                                <C>                <C>                <C>                <C>
 Revenues                                      $            -     $             -    $           -      $            -
                                               ---------------    ----------------   --------------     ---------------

 General and administrative expenses                   24,074              35,407           18,346              32,317
                                               ---------------    ----------------   --------------     ---------------

 (Loss) from operations                               (24,074)            (35,407)         (18,346)            (32,317)

  Interest expense                                     (2,432)             (4,683)          (1,844)             (3,392)
                                               ---------------    ----------------   --------------     ---------------

Net (loss)                                            (26,506)            (40,090)         (20,190)            (35,709)

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

Net (loss) available to common shareholders    $      (28,756)    $       (44,590)   $     (22,440)     $      (40,209)
                                               ===============    ================   ==============     ===============

Per share information - basic and fully diluted
 Weighted average shares outstanding               12,992,017          12,964,696       12,937,072          12,937,072
                                               ===============    ================   ==============     ===============

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






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

                                       3
<PAGE>






                                   OCTuS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                             SIX MONTHS             SIX MONTHS
                                                                               ENDED                   ENDED
                                                                           June 30, 2005          June 30, 2004
                                                                        -------------------------------------------
<S>                                                                             <C>                     <C>
OPERATING ACTIVITIES
                 Net cash (used in) operating activities                $            (9,507)    $           (3,471)
                                                                        --------------------    -------------------
INVESTING ACTIVITIES
                 Net cash (used in) investing activities                                  -                      -
                                                                        --------------------    -------------------
FINANCING ACTIVITIES
     Proceeds from notes payable - related party                                      9,297                  3,500
                                                                        --------------------    -------------------
                 Net cash provided by financing activities                            9,297                  3,500
                                                                        --------------------    -------------------

                     Net increase (decrease)  in cash                                  (210)                    29

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

ENDING CASH                                                             $                 -     $               51
                                                                        ====================    ===================

</TABLE>













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

                                       4
<PAGE>




                                   OCTuS, INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 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 accumulated stockholders' deficits
of $ 341,878 and an accumulated deficit of $ 23,192,013 as of June 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.

NOTE 4.  RELATED PARTY TRANSACTIONS

During the six months ended June 30, 2005, a related party loaned the Company an
additional $ 9,297 for operations at 10% interest. The Company has recognized
interest expense of $2,432 and $4,683 related to the note payable - related
party during the three and six months ended June 30, 2005, respectively. As of
June 30, 2005, $20,148 of interest expense related to this note payable was
unpaid and included in accrued interest expense - related parties. 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 assets acquired.


During the six months ended June 30, 2005, the Company incurred a total of
$3,000 of consulting expense, related to an agreement with a former officer. As
of June 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.  STOCKHOLDERS' (DEFICIT)

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, $0.001 par value preferred stock were converted into 500,000
(post-split) shares of $0.001 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 recorded 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.



                                       5
<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.


                                       6
<PAGE>

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.

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"). Subject to customary due diligence and further negotiations, the
business combination between the Registrant and MicroSlate will be effectuated
by reverse merger, reorganization or asset purchase. We hope to conclude this
transaction in the near future. There is no guarantee we will be able to
conclude this 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 June 30, 2005. Our
total assets were also $0 as of June 30, 2005. Our current liabilities were
$341,878 as of June 30, 2005, consisting of $26,061 in accounts payable, $31,916
in accounts payable to related parties. We also had $20,148 in accrued interest
payable to a related party and $182,568 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 six months ended June 30, 2005, a
related party loaned us $9,297 to continue operations.

During the three months ended, June 30, 2005, the preferred shares were
converted to common stock and the amount of accumulated dividends on the
preferred shares became due and payable to the preferred shareholder. The
dividends accumulated to $81,185 and have been recorded as Accrued Dividends
Payable in the accompanying financial statements.



                                       7
<PAGE>


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

RESULTS OF OPERATIONS.

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

OPERATING AND INTEREST EXPENSES. For the three months ended June 30, 2005, our
operating expenses were $24,026, which was represented by solely by general and
administrative expenses. We also had $2,480 in interest expense. Therefore, for
the three months ended June 30, 2005, we experienced a net loss of $26,506.
After consideration of $2,250 in preferred dividends, we had a net loss
attributable to common shareholders of $28,756. Grupo Dynastia S.A. has been
funding our operations since we are not able to generate revenues. This is
comparison to the three months ended June 30, 2004, where we had operating
expenses of $18,346, 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 June 30,
2004, we also had $1,844 in interest expense, making our net loss $20,190. After
consideration of $2,250 in preferred dividends we had a net loss attributable to
common shareholders of $22,440.

FOR THE SIX MONTHS ENDED JUNE 30, 2005 AND JUNE 30, 2004.

RESULTS OF OPERATIONS.

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

OPERATING AND INTEREST EXPENSES. For the six months ended June 30, 2005, our
operating expenses were $35,359, which was represented by solely by general and
administrative expenses. We also had $4,731 in interest expense. Therefore, for
the six months ended June 30, 2005, we experienced a net loss of $40,090. After
consideration of $4,500 in preferred dividends, we had a net loss attributable
to common shareholders of $44,590. This is comparison to the six months ended
June 30, 2004, where we had operating expenses of $32,317, 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 six months ended June 30, 2004, we also had $3,392 in interest expense,
making our net loss $35,709. After consideration of $4,500 in preferred
dividends we had a net loss attributable to common shareholders of $40,209.

LIMITATIONS ON NET OPERATING LOSS AND CREDIT CARRYFORWARDS. As of June 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 rest of 2005. 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"). Subject to customary due diligence and further negotiations, the
business combination between the Registrant and MicroSlate will be effectuated
by reverse merger, reorganization or asset purchase. We hope to conclude this
transaction in the near future. There is no guarantee we will be able to
conclude this 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.


                                       8
<PAGE>

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.

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
--------------------------

On May 24, 2005, the Board of Directors authorized a two-for-one forward stock
split which was effective June 21, 2005.

Effective June 20, 2005, the 250,000 outstanding shares of convertible Series C
6% cumulative, $0.001 par value preferred stock were converted into 500,000
(post-split) shares of our $0.001 par value common stock.


ITEM 6.  EXHIBITS
-----------------

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

         32. Section 1350 Certifications.




                                       9
<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



August 23,  2005                By:  /s/ Josie Ben Rubi
                                     ----------------------------------------
                                     Josie Ben Rubi
                                     principal executive, accounting and
                                     financial officer, president, treasurer,
                                     and a director