SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
     For the fiscal year ended December 31, 2005

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
     EXCHANGE ACT OF 1934


                        Commission File Number 000-50699


                             RENEWABLE ASSETS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


              DELAWARE                                       20-0858618
   -------------------------------                       ------------------
   (State or other jurisdiction of                         (IRS Employer
    incorporation or organization)                       Identification No.)


      7040 W. Palmetto Park Road, Building 4, No. 572, Boca Raton, FL 33433
      ---------------------------------------------------------------------
                    (Address of principal executive offices)


                                 (561) 488-9938
              ----------------------------------------------------
              (Registrant's telephone number, including area code)


            Securities registered pursuant to Section 12 (b) of the Act:

             None                                          None
      -------------------                          ---------------------
      Title of each class                          Name of each exchange
                                                    on which registered


          Securities registered pursuant to Section 12 (g) of the Act:

                                      None
                                ----------------
                                (Title of class)


         Check if the issuer is not required to file reports pursuant to Section
13 or 15 (d) of the Exchange Act. [X]

         Check if there is no disclosure of delinquent filers pursuant to Item
405 of Regulation S-B 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]

         Indicate by check mark whether the registrant is a shell company (as
defined in rule 12b-2 of the Exchange Act).

                               YES [ ]     NO [X]

         State issuer's revenues for its most recent fiscal year: $ 19,390

         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: There is no public
trading market for the Registrant's common stock. Therefore, no estimate of the
aggregate market value of the voting and non-voting common equity held by
non-affiliates may be made.

      ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS

                                 Not applicable.
<PAGE>

                    APPLICABLE ONLY TO CORPORATE REGISTRANTS

      State the number of shares outstanding of each of the issuer's classes of
common equity: As of March 13, 2006 3,014,350 shares of common stock, par value
$.001 per share, were outstanding.

         Transitional Small Business Disclosure Format (check one):

                               YES [ ]     NO [X]


                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None.
<PAGE>

                                TABLE OF CONTENTS


PART I........................................................................ 3

  Description of Business..................................................... 3
  Description of Property..................................................... 6
  Legal Proceedings........................................................... 6
  Submission of Matters to a Vote of Security Holders......................... 6

PART II....................................................................... 7

  Market for Registrant's Common Equity and Related Stockholder Matters....... 7
  Management's Discussion and Analysis of Financial Condition and Results of
  Operations.................................................................. 8
  Financial Statements........................................................ 9
  Changes in and Disagreement With Accountants On Accounting and
  Financial Disclosure........................................................ 9
  Controls and Procedures..................................................... 9

PART III...................................................................... 9

  Directors, Executive Officers, Promoters and Control Persons; Compliance
  With Section 16(A) of the Exchange Act ..................................... 9
  Executive Compensation......................................................10
  Security Ownership of Certain Beneficial Owners and Management..............10
  Certain Relationships and Related Transactions..............................11
  Exhibits, List and Reports on Form 8-K......................................11
  Principal Accountant Fees and Services......................................12


                                      -i-
<PAGE>

         Forward Looking Statements

         This Form 10-KSB and other reports we file from time to time with the
Securities and Exchange Commission (collectively the "Filings") contain or may
contain forward looking statements and information that are based upon beliefs
of, and information currently available to, our management as well as estimates
and assumptions made by our management. When used in the Filings the words
"anticipate", "believe", "estimate", "expect", "future", "intend", "plan" or the
negative of these terms and similar expressions as they relate to us or our
management identify forward looking statements. Such statements reflect our
current view with respect to future events and are subject to risks,
uncertainties, assumptions and other factors (including the risks contained in
the section of this report entitled "Risk Factors") relating to our industry and
our operations and results of operations. Should one or more of these risks or
uncertainties materialize, or should the underlying assumptions prove incorrect,
actual results may differ significantly from those anticipated, believed,
estimated, expected, intended or planned.

         Although we believe that the expectations reflected in the forward
looking statements are reasonable, we cannot guarantee future results, levels of
activity, performance or achievements. Except as required by applicable law,
including the securities laws of the United States, we do not intend to update
any of the forward-looking statements to conform these statements to actual
results. The following discussion should be read in conjunction with our
financial statements and the related notes that appear elsewhere in this report.
<PAGE>

                                     PART I
                                     ------

ITEM 1.  DESCRIPTION OF BUSINESS

General

         We are in the development stage. We were formed in Delaware on December
12, 2003, to continue to pursue the line of business of our parent,
International Imaging Systems, Inc., that consists of marketing pre-owned, brand
name photocopy machines for an unaffiliated office furniture company, Office
Furniture Warehouse, Inc. On December 22, 2003, International Imaging Systems
assigned to us that line of business and a related marketing services agreement
with Office Furniture Warehouse for no consideration.

         In order to expand our business, we have been exploring the marketing
of other products, including new and pre-owned items of office equipment other
than photocopy machines, such as office furniture, home furnishings and
appliances, as well as the purchase and resale of such items, but our limited
resources have proved an inhibiting factor. We are also considering other means
of expanding our business, such as through acquisition that may entail the
issuance of additional shares of our common stock, but there are no current
efforts or plans to do so. Any such acquisition would be made in compliance with
applicable Federal and state securities and corporate law, and, depending upon
the structure of the transaction, submission of information to shareholders
regarding any acquisition prior to consummation, as well as shareholder
approval, may not be required.

         Our principal executive offices are located at 7040 W. Palmetto Park
Road, Building 4, No. 572, Boca Raton, FL 33433. There is no public trading
market for our common stock.

History

         The Company was formed on December 12, 2003 as a wholly owned
subsidiary of International Imaging Systems, Inc. On April 13, 2004, the board
of directors of International Imaging Systems approved the spin-off of all
3,014,350 of our shares of common stock owned by International Imaging Systems
to its stockholders of record as of April 14, 2004. As part of the proposed
spin-off, each stockholder of record of International Imaging Systems is to
receive one (1) share of our common stock for each two share(s) of the common
stock of International Imaging Systems owned on April 14, 2004. As a result, the
principal shareholders of International Imaging Systems on that date will become
the principal shareholders of our company when the spin-off is undertaken and
effected. On April 14, 2004, there were 6,028,700 shares of International
Imaging Systems' common stock outstanding. The spin-off has not been completed
because of our inability, as well as that of International Imaging Systems, to
comply with applicable laws, rules and regulations. We believe that the delay
has impeded our ability to access the capital markets as an independent company.
There can be no assurance, however, that even if the spin-off had been effected
that we would have been able to raise additional capital on acceptable terms or
at all, or that the spin-off will be ever be consummated. In such event, we will
have to consider our strategic alternatives to raise capital and otherwise
continue our business.

         We are the successor to the promotional services line of business of
International Imaging Systems. That was its only line of business prior to the
reverse acquisition described below. The promotional services line of business

                                       3
<PAGE>

consists of marketing pre-owned, brand name photocopy machines for an unrelated
office furniture company pursuant to a non-exclusive marketing services
agreement (the "Marketing Services Agreement"). On December 22, 2003,
International Imaging Systems assigned to us for no consideration the
promotional services line of business and all of its rights and obligations
under the Marketing Services Agreement.. Prior to International Imaging Systems'
reverse acquisition of Advanced Imaging Systems, LLC, a Delaware limited
liability company, International Imaging Systems operated under the name A.M.S.
Marketing, Inc. The background to the reverse acquisition is as follows:

         On July 31, 2003, A.M.S. Marketing, Advanced Imaging Systems and the
members of Advanced Imaging Systems effected a change of control of AMS
Marketing pursuant to an Agreement and Plan of Exchange, dated July 28, 2003. As
provided in the Exchange Agreement, A.M.S. Marketing issued to the then members
of Advanced Imaging Systems an aggregate of 1,200,000 shares (the "Shares") of
A.M.S. Marketing's common stock, par value $.001 per share, in exchange for all
of the limited liability company interests of Advanced Imaging Systems issued
and outstanding on such date.

         Immediately prior to the exchange, each of the then members of Advanced
Imaging Systems purchased 900,000 shares of A.M.S. Marketing's common stock
(3,600,000 shares in the aggregate) from Alfred M. Schiffrin, A.M.S. Marketing's
former president and sole director and our current president and sole director,
for $.05 per share, payable partly in cash and partly by a recourse promissory
note secured by the purchased shares. Each note is repayable in monthly
installments of varying amounts commencing on August 1, 2003 and ending on May
1, 2006, subject to acceleration upon the happening of certain events, including
without limitation, failure of such member to make payment of principal when due
within three business days following written notice to such member, the
dissolution, winding-up, suspension of the usual business activities or complete
or partial liquidation of the business of A.M.S. Marketing, Inc., the bankruptcy
of such member or A.M.S. Marketing, Inc. the commencement of a voluntary
bankruptcy by such member or A.M.S. Marketing, Inc. or the death of such member.
Each note is non-interest bearing except upon the happening and during the
continuation of any such event, in which case each note bears interest at the
rate of 15% per annum or the maximum rate of interest permissible in the State
of Florida, whichever is lower. To date, all installments due under the notes
have been paid. The shares of A.M.S. Marketing, Inc. issued in the exchange,
added to the shares purchased by the members from Mr. Schiffrin, represented
approximately 82% of the total then issued and outstanding shares of the A.M.S.
Marketing Inc.'s common stock.

SERVICES AND PRODUCTS

         We are currently marketing pre-owned, refurbished Canon and Minolta
photocopy machines for Office Furniture Warehouse in Pompano Beach, Florida,
where Office Furniture Warehouse maintains a 12,000 square foot showroom and a
nearby 30,000 square foot warehouse. Office Furniture Warehouse is a retail
seller of new and used office furniture and systems. The photocopy machines we
market range from simple models to stand-alone, multi-function business
machines.

         Under the Marketing Services Agreement, which is dated December 1,
2003, and is by and among International Imaging Systems, Office Furniture
Warehouse and its affiliate, Sun Coast Imaging Systems, Inc., revenues generated
from our sales of pre-owned photocopiers are shared equally with Office

                                       4
<PAGE>

Furniture Warehouse, after deducting from such revenues the cost of each
photocopier sold. The Marketing Services Agreement has an initial term of three
years and automatically renews for successive one year terms, unless terminated
by mutual agreement or upon the happening of certain events, such as bankruptcy.

         We are one of two, co-exclusive marketers for Office Furniture
Warehouse of pre-owned photocopiers. In such capacity, we select and arrange for
the purchase by Office Furniture Warehouse of the pre-owned photocopiers to be
marketed. Under the Marketing Services Agreement, Office Furniture Warehouse and
Sun Coast are obligated to provide us with such number and models of pre-owned
photocopiers for sale as we may reasonably request. Our President is responsible
for and effects sales of the photocopiers on behalf of Office Furniture
Warehouse and schedules their delivery and installation by Office Furniture
Warehouse trucks and personnel.

         We are highly dependent upon Office Furniture Warehouse. Termination by
Office Furniture Warehouse of its agreement with us would have a material
adverse effect upon us, as we currently lack the financial resources to operate
our own retail outlets and may be unable to locate another party for whom we
could provide our marketing services on the same terms and conditions as agreed
with Office Furniture Warehouse.

         We are exploring other marketing opportunities, including new and
pre-owned office equipment, office furniture, home furnishings and appliances,
as well as the purchase and sale of such items to the extent our resources
permit. In each case, we will attempt to favor in our product mix pre-owned
items, as we believe we can realize greater profit margins on such items. Our
belief is based on the general ability to acquire pre-owned merchandise at
distressed or liquidation prices but resell such merchandise at a less
significant discount to new product pricing. Our predecessor also explored some
or all of such other marketing opportunities but was unable to identify any
appropriate situation. No assurance can be given that we will be able to
identify and secure any such opportunities.

DISTRIBUTION

         We have marketed the pre-owned photocopiers by means of advertisements
in local newspapers, facsimile transmissions to local businesses, periodic
advertisements in business periodicals and direct mail solicitations that were
created and paid for by us. In addition, we have prepared advertisements run as
adjuncts to Office Furniture Warehouse's furniture advertisements with the costs
borne by Office Furniture Warehouse. We are currently formulating a new plan of
distribution to increase our exposure to potential buyers but no assurance can
be given that any such new plan will be successful.

COMPETITION

         Until the execution of the Marketing Services Agreement, we had the
exclusive right to market pre-owned photocopy machines for Office Furniture
Warehouse under an oral agreement with such company. Under the Marketing
Services Agreement, Sun Coast Imaging Systems, an affiliate of Office Furniture
Warehouse, was also granted the co-exclusive right to market pre-owned photocopy
machines for Office Furniture Warehouse. While the agreement provides that each
of such companies will make available for marketing by us the number and models
of pre-owned photocopy machines requested by us, the increased competition from
Sun Coast could harm our business. Sun Coast has greater resources than we do
and, accordingly can employ more salespersons and undertake more advertising
than we can.

                                       5
<PAGE>

         Additionally, the pre-owned photocopier industry in the geographic area
where we operate is highly competitive and consists of numerous small companies.
We also compete with sellers of new photocopy machines, principally Ikon Office
Solutions, Copyco and Danka Business Systems. Competition in the industry is
generally based on price, service and availability of varied models of
equipment.

         We anticipate that we will experience substantial competition in
attempting to secure clients for our marketing services with respect to products
other than pre-owned photocopiers. Almost all of our competitors and potential
competitors possess resources greater than we have and have an operating history
longer than ours.

PRINCIPAL SUPPLIERS

         All of the pre-owned photocopier machines we currently market are
purchased by Office Furniture Warehouse from Intercom Copier Market, an
unaffiliated party located in Pompano Beach, Florida. Intercom promotes itself
as the largest wholesaler of pre-owned photocopiers in south Florida and one of
the largest in the United States. There are other suppliers from whom Office
Furniture Warehouse could purchase pre- owned photocopiers. We believe, however,
that because of favorable logistics and pricing and the high quality of the
equipment sold by Intercom, the loss of Intercom as a supplier would have a
significant effect upon us. In addition, interruptions in supply could adversely
affect our ability and that of Office Furniture Warehouse to meet customer
demand in a timely manner.

GOVERNMENTAL REGULATION

         We are not subject to any governmental regulations other than those
generally applicable to all businesses.

EMPLOYEES

         We have no employees other than our current officer and director,
Alfred M. Schiffrin. Our success is dependent upon the decisions made by Mr.
Schiffrin, who devotes approximately 50% of his business time to our affairs.

ITEM 2.  DESCRIPTION OF PROPERTY

         We operate from the facilities of Office Furniture Warehouse in Pompano
Beach, Florida. We do not pay any rent for the use of those facilities.

ITEM 3.  LEGAL PROCEEDINGS

         There are presently pending no material legal proceedings to which we
are a party or to which any of our property is the subject and, to the best of
our knowledge, no such action against us is contemplated or threatened.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         No matters were submitted to our security holders during our 2005
fiscal year.

                                       6
<PAGE>

                                     PART II
                                     -------

ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market Information

         There is no public trading market for our common stock.

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

         We have not agreed to register the issued and outstanding shares of our
common stock under the Securities Act for sale by security holders. We intend to
take such action as may be required to effect the proposed spin-off of our
shares by our parent, International Imaging Systems.

Holders of Record

         As of March 13, 2006, the only record and beneficial holder of our
shares of common stock is our parent, International Imaging Systems.

Dividends

         We have not paid any cash dividends on our common stock to date, and do
not anticipate declaring or paying any dividends in the foreseeable future. We
anticipate that for the foreseeable future we will follow a policy of retaining
earnings, if any, in order to finance the expansion and development of our
business. Payment of dividends is within the discretion of our board of
directors and will depend upon our earnings, capital requirements and operating
and financial condition, among other factors.

Recent Sales of Unregistered Securities

         During the period covered by this Report, we did not issue any
securities that were not registered under the Securities Act of 1933, as
amended, other than issuances reported on Form 10-QSB or Form 8-K. In June 2004
we issued 3,014,350 shares to International Imaging Systems for $.001 per share.

         The issuance described above was deemed exempt from registration under
the Securities Act, in reliance on Section 4(2) of the Act, as a transaction by
an issuer not involving any public offering.

                                       7
<PAGE>

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS

Overview

         We are in the development stage. We commenced operations in December
2003. We were formed to pursue the pre-owned photocopier marketing services line
of business of our parent, International Imaging Systems, which commenced what
later became our operations in the latter part of 1998.

         We are currently engaged in marketing activities for an unrelated party
and have no employees other than our president, Alfred M. Schiffrin, who is
presently unsalaried. We do not anticipate purchasing any plant or significant
equipment or conducting any product research and development during the next 12
months. As a sales and marketing agent, we essentially have no overhead relating
to our commercial activities. We do not anticipate initiating any sales
activities for our own account (acting as a principal) until such time as our
resources permit.

         During the next 12 months, we intend to continue marketing pre-owned
photocopiers. We will also continue to explore the marketing of other products,
including new and pre-owned items of office equipment other than photocopiers,
office furniture, home furnishings and appliances, as well as the purchase and
resale of such items to the extent that our resources permit. We are also
considering other means of expanding our business, such as through acquisition,
merger or other form of business combination involving one or more entities
engaged in the same or similar business as us. Any such transaction may entail
the issuance of additional shares of our common stock, but there are no current
plans or efforts to do so. Any such acquisition, merger or combination will be
made in compliance with applicable Federal and state securities and corporate
law, and, depending upon the structure of the transaction, submission of
information to shareholders regarding any such transaction prior to
consummation, as well shareholder approval thereof, may not be required. Our
President had run the business for five years for our predecessor. Prior to that
he had experience as an investment banker in locating potential acquisitions,
but we may nevertheless employ the services of a broker or finder who would be
entitled to compensation to assist in identifying suitable opportunities.

         While we only began operations upon formation in December 2003, we are
the successor to the pre-owned photocopier marketing services line of business
of International Imaging Systems. As discussed below, the Company generated
nominal revenues during fiscal 2005 and fiscal 2004. Neither the Company nor our
predecessor has been able to generate significant revenues from the sale of
pre-owned photocopiers, due principally to a lack of financial resources. We
continue to believe that our pre-owned photocopier business and other
complimentary business segments that also focus on the sale of pre-owned
merchandise, such as office furniture, are attractive markets for us to exploit.
Our belief is based on our view that pre-owned merchandise can be purchased at
deep discounts to retail prices in new or near new condition, often as much as a
95% discount, and may be resold to end users for as little as a 50% discount to
retail, thereby providing the end users with substantial savings while at the
same time allowing us to realize significant gross profit margins. We intend to
continue to attempt to raise additional working capital to facilitate the
expansion of our business model from that of agent to a blend of agent and
principal.

RESULTS OF OPERATIONS

         Revenues in fiscal 2005 and fiscal 2004 from the photocopier business
were $ 19,390 and $ 6,960 respectively, and expenses were $ 89,869 and $ 3,786
respectively, resulting in a net loss for fiscal 2005 of $ 70,479 as compared to

                                       8
<PAGE>

a net income in fiscal 2004 of $ 2,698 after a provision for income taxes of $
476. We do not believe that the difference in the results of operations from
year to year is meaningful or indicative of any trend, but is primarily
attributable to the issuance of shares of our parent company, International
Imaging Systems, to our President, Mr. Schiffrin, and increased legal and
accounting expenses.

         Other than persistently limited operating funds, we are not currently
aware of any known trends that may have a negative effect upon our results of
operations, although we expect continued and increased competition from Sun
Coast Imaging, our co-exclusive marketing agent for and an affiliate of, Office
Furniture Warehouse.

LIQUIDITY AND CAPITAL RESOURCES

         As of December 31, 2005 and February 22, 2006, we had cash of $ 18 and
$ 126 respectively, and accounts receivable of $ 3,500 and $ 0, respectively. We
are exploring opportunities to raise cash to finance and expand our operations
for the foreseeable future. In addition, we are considering albeit, less
actively, expansion through acquisitions. No specific targets are currently
under consideration. If we are not successful in raising cash, we may be forced
to borrow funds. No assurance can be given that funds will be available to
borrow, or if available, will be on terms favorable to us.

ITEM 7.  FINANCIAL STATEMENTS

         Our financial statements listed on the Index to the Financial
Statements are included beginning at F-1 following Item 14 of this Report.

ITEM 8.  CHANGES IN AND  DISAGREEMENT  WITH  ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

         Inapplicable.

ITEM 8A. CONTROLS AND PROCEDURES

         (a)      Evaluation of Disclosure Controls and Procedures.
                  ------------------------------------------------

         Within the 90 days prior to the date of this report, we carried out an
evaluation, under the supervision and with the participation of our management,
including our Chief Executive and Chief Financial Officer, of the effectiveness
of the design and operation of our disclosure controls and procedures pursuant
to Exchange Act Rule 13a-14. Based upon that evaluation, the Chief Executive and
Chief Financial Officer concluded that our disclosure controls and procedures
are effective in timely alerting them to material information required to be
included in our periodic SEC filings relating to us (including our consolidated
subsidiaries).

         (b)      Changes in Internal Controls
                  ----------------------------

         There were no significant changes in our internal controls or in other
factors that could significantly affect these internal controls subsequent to
the date of our most recent evaluation.

                                       9
<PAGE>

                                    PART III
                                    --------

ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
         COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT OF THE REGISTRANT

Information Concerning Executive Officers and Directors

         The following table sets forth the name, age and position of the sole
director and executive officer of the Company as of the date hereof.

       NAME                      AGE                  POSITION
       ----                      ---                  --------
Alfred M. Schiffrin              68        President, Secretary, Treasurer and
                                           Director


         Alfred M. Schiffrin has been our President, Secretary, Treasurer and
sole director since our formation in December 2003. Prior to such date, he was
the sole officer and director of our parent, International Imaging Systems. From
December 1996, to September 1998, Mr. Schiffrin was the President of Newmarket
Strategic Development Corp., a business development company.

         Mr. Schiffrin also has over twenty years of experience in the
investment banking and securities industry, having been associated in various
capacities with NASD member firms located in New York, Colorado and Florida.
Most recently he was employed in the following positions by broker/dealers:
General Principal from August 2004 to April 2005 of Acosta Financial Services;
Director of Continuing Education from November 2001 to July 2004 of L.H. Ross &
Company, and General Principal from June 1999 to February 2001 of First Madison
Securities.

         Mr Schiffrin is the holder of Series 7, Series 24 and Series 63
securities licenses and was admitted as a Member of the NASD Board of
Arbitrators in 1987.

         (a)      There are no material proceedings known to us to which any of
our directors, officers or affiliates, or any owner of record or beneficially of
more than 5% of any class of our voting securities, or any affiliate of such
persons is a party adverse to us or has a material interest adverse to our
interests.

         Mr. Schiffrin has not received any compensation for his services as a
Director.

Compliance with Section 16(a) of the Exchange Act

         Section 16(a) of the Securities Exchange Act of 1934 (the "Exchange
Act") requires the Company's officers and directors, and persons who own more
than ten percent of a registered class of the Company's equity securities
(collectively the "Reporting Persons") to file reports and changes in ownership
of such securities with the Securities and Exchange Commission and the Company.
Based solely upon a review of (i) Forms 3 and 4 and amendments thereto furnished
to the Company pursuant to Rule 16a-3(e), promulgated under the Exchange Act,
during the Company's fiscal year ended December 31, 2005 and (ii) Forms 5 and
any amendments thereto and/or written representations furnished to the Company
by any Reporting Persons stating that such person was not required to file a

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<PAGE>

Form 5 during the Company's fiscal year ended December 2005, it has been
determined that no Reporting Persons were delinquent with respect to such
person's reporting obligations set forth in Section 16(a) of the Exchange Act.

ITEM 10. EXECUTIVE COMPENSATION

Compensation

         During fiscal 2005, there was no cash compensation paid to Mr.
Schiffrin for his services to the Company, but our parent, International Imaging
Systems, compensated him in the form of 160,000 shares of its common stock,
pursuant to its 2003 Equity Compensation Plan. We adopted our own 2005 Stock
Option Plan during September 2005, but we have not yet issued any securities
pursuant to our Plan. We are not a party to any employment agreements.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Security Ownership of Certain Beneficial Owners and Management

         All of our issued and outstanding shares of common stock are owned by
International Imaging Systems. The following table sets forth information
available to us, as of March 13, 2006 with respect to the beneficial ownership
of the outstanding shares of International Imaging Systems' common stock by (i)
any holder of more than five percent (5%) of the outstanding shares; (ii) our
sole officer and director; and (iii) the officers and directors of our parent,
International Imaging systems as a group:

Name and Address of                     Shares of Common     Percentage (%) of
Beneficial Owner (1)                     Stock Owned(2)      Common Stock (2)
--------------------                   -----------------     ----------------

Michael D'Angelo(3)                         1,500,000              19.83%
Laura Palisa Mujica(4)                      2,100,000              27.76%
Lara Nicole Sarafianos(5)                   1,200,000              15.87%
Alicia M. LaSala(6)                           504,000(7)            6.62%(7)
Alfred M. Schiffrin(8)                        635,000               8.40%
Alex Sarafianos(9)                             25,000(10)           0.33%(10)
C. Leo Smith(3)                                     0(11)              0 (11)
Susan Archer(3)                               130,000               1.72%
All officers and directors as a group         155,000(11)           2.05%(11)
(three) persons(11)

(1)  Beneficial ownership as reported in the table above has been determined in
     accordance with Instruction (1) to Item 403 (b) of Regulation S-B of the
     Exchange Act.

(2)  Percentages are approximate.

(3)  The business address of the stockholder, director or officer, as the case
     may be, noted above is 2419 E. Commercial Boulevard, Suite 307, Ft.
     Lauderdale, FL 33308.

(4)  The address of the stockholder noted above is 824 S.E. 8th Street, Ft.
     Lauderdale, FL 33316.

(5)  The address of the stockholder noted above is 4440 N.E. 22nd Avenue,
     Lighthouse Point, FL 33064.

(6)  The address of the stockholder noted above is 6674 Serena Lane, Boca Raton,
     FL 33433.

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<PAGE>

(7)  Includes 20,000 shares of Common Stock owned of record by a trust for the
     benefit of Mrs. LaSala's minor child of which her husband is the sole
     trustee, and 100,000 shares of Common stock owned of record by her husband.
     Mrs. LaSala disclaims beneficial ownership of such shares.

(8)  The business address of the stockholder noted above is 7040 W. Palmetto
     Park Road, Building 4, Suite 572, Boca Raton, FL 33433. Prior to the
     Exchange, Mr. Schiffrin was the sole director and officer of the Company.

(9)  The address of the director noted above is 16008 Willmington Place, Tampa
     FL 33647.

(10) Excludes all shares owned by Lara Nicole Sarafianos. Mr. Sarafianos is the
     brother-in-law of Mrs. Sarafianos and disclaims beneficial ownership of all
     shares owned by Mrs. Sarafianos.

(11) Excludes 2,100,000 shares owned by the mother of Mr. Smith, Laura Palisa
     Mujica. Mr. Smith disclaims beneficial ownership of such shares.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         Except as set forth below, no transactions have occurred since the
beginning of the Company's last fiscal year or are proposed with respect to
which a director, executive officer, security holder owning of record or
beneficially more than 5% of any class of the Company's securities or any member
of the immediate families of the foregoing persons had or will have a direct or
indirect material interest.

         In 2005, our parent, International Imaging Systems, compensated Mr.
Alfred Schiffrin, our President and sole director, for services to us in the
form of 160,000 shares of International Imaging Systems' common stock pursuant
to International Imaging Systems' 2003 Equity Compensation Plan.

                                     PART IV
                                     -------

ITEM 13.  EXHIBITS, LIST AND REPORTS ON FORM 8-K

         (a) (1)  Financial Statements.

         Consolidated Balance Sheet at December 31, 2005;

         Consolidated Statements of Operations for the years ended December 31,
         2005 and 2004;

         Consolidated Statements of Shareholders' Deficiency for the years ended
         December 31, 2005 and 2004; Consolidated Statements of Cash Flows from
         Inception (July 23,1998) through December 31, 2005, and;

         Notes to Financial Statements.

         (a) (2)  Exhibits

EXHIBIT
NUMBER                      DESCRIPTION OF EXHIBIT

  3.1    Registrant's Certificate of Incorporation*
  3.2    Registrant's By-laws*
  4.1    Specimen form of Registrant's Common Stock Certificate*
 10.1    Marketing Services Agreement by and among Office Furniture Warehouse,
         Inc.; Sun Coast Imaging Systems, Inc. and International Imaging
         Systems, Inc. dated December 1, 2003*
 10.2    Assignment and Acceptance Agreement, dated as of December 22, 2003, by
         and between International Imaging Systems, Inc. and Registrant*
 23.1    Consent of Independent Auditor
 31.1    Section 302 Certification Pursuant to Sarbanes-Oxley Act of 2002
 32.1    Certification of Principal Executive and Financial Officer Pursuant to
         18 U.S.C. Section 1350

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

 *       Incorporated by reference to the Registrant's Registration Statement on
         Form 10-SB filed with the Securities and Exchange Commission on April
         22, 2004.

                                       11
<PAGE>

         (b) Reports on Form 8-K

                  None.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

         (a) Audit Fees.

         The aggregate fees billed for each of fiscal 2005 and fiscal 2004 for
professional services rendered by the principal accountant for the audit of the
Company's annual financial statements and review of financial statements
included in the Company's Form 10-KSB or services that are normally provided by
the accountant in connection with statutory and regulatory filings or for
engagements for those fiscal years were $ 9,145 and $4,500, respectively.

         (b) Audit-Related Fees.

         No fees were billed in each of fiscal 2005 and fiscal 2004 for
assurance and related services provided by the principal accountant that were
reasonably related to the performance of the audit or review of the Company's
financial statements.

         (c) Tax Fees.

         No fees were billed in fiscal 2005 or fiscal 2004 for professional
services rendered by the principal accountant for tax compliance, tax advice,
and tax planning.

         (d) All Other Fees.

         No fees were billed in each of fiscal 2005 and fiscal 2004 for products
and services provided by the principal accountant.

         (e) The Company did not have an audit committee during fiscal 2005 or
fiscal 2004.

                                       12
<PAGE>


                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                  A.M.S. MARKETING, INC. - PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

                                DECEMBER 31, 2005


<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                  A.M.S. MARKETING, INC. - PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                              FINANCIAL STATEMENTS

                                TABLE OF CONTENTS

Independent Auditor's Report                                             F-1

Balance Sheet                                                            F-2

Statements of Operations                                                 F-3

Statements of Shareholder's Deficiency                                   F-4

Statements of Cash Flows                                                 F-5

Notes to Financial Statements                                         F-6 - F-9

<PAGE>

                          INDEPENDENT AUDITOR'S REPORT

The Board of Directors and Shareholder
Renewable Assets, Inc.
Successor to A.M.S. Marketing, Inc. - Photocopier Division
(A Development Stage Company)
Boca Raton, Florida

I have audited the accompanying balance sheet of Renewable Assets, Inc.,
Successor to A.M.S. Marketing, Inc. - Photocopier Division (A Development Stage
Company) as of December 31, 2005, and the related statements of operations,
shareholder's deficiency and cash flows for the years ended December 31, 2005
and 2004, and for the period from July 23, 1998 (inception) through December 31,
2005. These financial statements are the responsibility of the Company's
management. My responsibility is to express an opinion on these financial
statements based on my audits.

I conducted my audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that I plan
and perform the audits to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. I believe that my
audits provided a reasonable basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Renewable Assets, Inc., Successor
to A.M.S. Marketing, Inc. - Photocopier Division as of December 31, 2005, and
the results of operations and its cash flows for each of the years ended
December 31, 2005 and 2004, in conformity with generally accepted accounting
principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note F to the
financial statements, the photocopy division of A.M.S. Marketing, Inc. has
sustained recurring operating losses and has minimal assets. These factors raise
substantial doubt about the Company's ability to continue as a going concern.
Management's plans in regard to these matters are also described in Note F. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

Thomas W. Klash
Certified Public Accountant
Hollywood, Florida
February 15, 2006
                                     - F-1 -
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                  A.M.S. MARKETING, INC. - PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET
                                DECEMBER 31, 2005

                                     ASSETS

CURRENT ASSETS:
  Cash                                                          $       18
  Commission Receivable                                              3,500
                                                                ----------

          TOTAL CURRENT ASSETS                                  $    3,518
                                                                ==========

                    LIABILITIES AND SHAREHOLDER'S DEFICIENCY

CURRENT LIABILITIES:
  Accounts Payable                                              $    7,085
                                                                ----------

          TOTAL CURRENT LIABILITIES                                  7,085
                                                                ----------
SHAREHOLDER'S DEFICIENCY:
  Preferred Stock, $.001 Par Value -
     1,000,000 Shares Authorized -
      -0- Shares Issued and Outstanding
  Common Stock, $.001 Par Value -
     29,000,000 Shares Authorized -
     3,014,350 Shares Issued and Outstanding                         3,014
  Additional Paid-In Capital                                        61,200
  Accumulated Deficit - Development Stage                          (67,781)
                                                                ----------
          TOTAL SHAREHOLDER'S DEFICIENCY                            (3,567)
                                                                ----------

TOTAL LIABILITIES AND SHAREHOLDER'S DEFICIENCY                  $    3,518
                                                                ==========

See accompanying notes to financial statements.

                                     - F-2 -
<PAGE>

                             RENEWABLE ASSETS, INC.
           SUCCESSOR TO A.M.S. MARKETING, INC. - PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                     YEARS ENDED DECEMBER 31, 2005 AND 2004
             AND FROM JULY 23, 1998 (INCEPTION) TO DECEMBER 31, 2005


                                                                   CUMULATIVE
                                                                   DEVELOPMENT
                                         2005           2004       STAGE AMOUNTS
                                     ------------   ------------   ------------

COMMISSION REVENUES                  $     19,390   $      6,960   $     73,445

GENERAL AND ADMINISTRATIVE
   EXPENSES                                89,869          3,786        237,300
                                     ------------   ------------   ------------

INCOME (LOSS) BEFORE INCOME TAXES         (70,479)         3,174       (163,855)

PROVISION FOR INCOME TAXES                     --            476            476
                                     ------------   ------------   ------------

NET INCOME (LOSS)                    $    (70,479)  $      2,698   $   (164,331)
                                     ============   ============   ============
BASIC AND DILUTED EARNINGS
  (LOSS) PER SHARE                   $      (.023)  $       .001   $      (.055)
                                     ============   ============   ============
WEIGHTED AVERAGE NUMBER OF
   COMMON SHARES OUTSTANDING            3,014,350      3,014,350      3,014,350
                                     ============   ============   ============

                See accompanying notes to financial statements.

                                     - F-3 -
<PAGE>
<TABLE>
<CAPTION>

                             RENEWABLE ASSETS, INC.
           SUCCESSOR TO A.M.S. MARKETING, INC. - PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                     STATEMENTS OF SHAREHOLDER'S DEFICIENCY
                     YEARS ENDED DECEMBER 31, 2005 AND 2004

                                                                                 RETAINED
                                                                                 EARNINGS
                                                                                    OR
                                                                                  DEFICIT
                                          COMMON STOCK                          ACCUMULATED
                                        $.001 PAR VALUE          ADDITIONAL       DURING
                                  ---------------------------     PAID-IN       DEVELOPMENT
                                     SHARES         AMOUNT        CAPITAL          STAGE          TOTAL
                                  ------------   ------------   ------------   ------------   ------------
<S>                                 <C>         <C>            <C>            <C>            <C>
BALANCE - December 31, 2003          3,014,350   $         --   $         --   $         --   $         --

PROCEEDS FROM ISSUANCE
  OF COMMON STOCK                           --          3,014             --             --          3,014

NET INCOME FOR PERIOD                       --             --             --          2,698          2,698
                                  ------------   ------------   ------------   ------------   ------------

BALANCE - December 31, 2004          3,014,350          3,014             --          2,698          5,712

ADDITIONAL CAPITAL
  CONTRIBUTION FROM
  PARENT                                    --             --         61,200             --         61,200

NET (LOSS) FOR PERIOD                       --             --             --        (70,479)       (70,479)
                                  ------------   ------------   ------------   ------------   ------------

BALANCE - December 31, 2005          3,014,350   $      3,014   $     61,200   $    (67,781)  $     (3,567)
                                  ============   ============   ============   ============   ============
</TABLE>

                See accompanying notes to financial statements.

                                     - F-4 -
<PAGE>
<TABLE>
<CAPTION>

                             RENEWABLE ASSETS, INC.
           SUCCESSOR TO A.M.S. MARKETING, INC. - PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                     YEARS ENDED DECEMBER 31, 2005 AND 2004
             AND FROM JULY 23, 1998 (INCEPTION) TO DECEMBER 31, 2005

                                                                                    CUMULATIVE
                                                                                    DEVELOPMENT
                                                          2005           2004      STAGE AMOUNTS
                                                      ------------   ------------  -------------
<S>                                                   <C>            <C>            <C>
CASH FLOWS FROM OPERATING  ACTIVITIES:
  Net Income or (Loss)                                $    (70,479)  $      2,698   $   (164,331)
  Adjustments to Reconcile Net Income (Loss) to
    Net Cash Provided by (Used in) Operating
    Activities:
     Officer Compensation Paid by Issuance
      of  Common Stock of Parent Company                    48,000             --         48,000
            Commission Receivable                           (2,300)        (1,200)        (3,500)
            Accounts Payable                                 6,785            300          7,085
            Income Taxes Payable                              (476)           476             --
                                                      ------------   ------------   ------------
NET CASH PROVIDED BY (USED IN)
  OPERATING ACTIVITIES                                     (18,470)         2,274       (112,746)
                                                      ------------   ------------   ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from Borrowings                                   2,500             --         30,000
  Repayment of Borrowings                                   (2,500)            --        (30,000)
  Working Capital Advances from Parent                      13,200             --         13,200
  Issuance of Common Stock                                      --          3,014         99,564
                                                      ------------   ------------   ------------
          NET CASH PROVIDED BY
            FINANCING ACTIVITIES                            13,200          3,014        112,764
                                                      ------------   ------------   ------------

NET INCREASE (DECREASE) IN CASH                             (5,270)         5,288             18

CASH - Beginning of Period                                   5,288             --             --
                                                      ------------   ------------   ------------

CASH - End of Period                                  $         18   $      5,288   $         18
                                                      ============   ============   ============
</TABLE>

SUPPLEMENTAL CASH FLOW INFORMATION:
----------------------------------

The Company made no payments for interest and $476 for income taxes.

Stock compensation paid and working capital advances paid by the parent company
   initially recorded as loans were reclassified to additional paid-in capital.

See accompanying notes to financial statements.

                                     - F-5 -
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                   A.M.S. MARKETING, INC. PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 2005

NOTE A  -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -

           Nature of Operations:
             A.M.S. Marketing, Inc. ("AMS" or the Company) was incorporated in
             the state of Delaware on July 23, 1998.

             On July 21, 2003, "AMS" acquired 100% ownership of Advanced Imaging
             Systems, LLC ("AIS"), a privately owned Delaware entity in exchange
             for 1,200,000 shares of its previously unissued common stock. Prior
             to the execution of the exchange agreement, the members (owners) of
             "AIS" purchased a controlling interest in "AMS" from an existing
             "AMS" shareholder. As a result of the foregoing transactions, the
             previous owners of "AIS" became the 81.96% owners of "AMS". For
             accounting purposes, "AIS" is considered to be the acquirer and
             "AMS" the acquired entity. The business combination was accounted
             for as a reorganization of entities under common control. No fair
             value adjustments resulted from the reorganization.

             Prior to the merger, the Company's ("AMS") principal business was
             the brokerage of pre-owned name brand copy machines from a facility
             located in Pompano Beach, Florida.

             In October, 2003, A.M.S. Marketing, Inc. changed its name to
             International Imaging Systems, Inc. ("IIS").

             On December 12, 2003, "IIS" formed Renewable Assets, Inc., a
             wholly-owned subsidiary, to operate the photocopier division.

             On April 13, 2004, the Board of Directors approved a plan to spin
             off the Company's photocopy division (Renewable Assets, Inc.)

             3,014,350 shares of $.001 par value common stock will be issued to
             shareholders of International Imaging Systems, Inc. as of April 14,
             2004 in connection with the proposed spin-off upon compliance with
             applicable rules and regulations promulgated by the Securities and
             Exchange Commission.

                                     - F-6 -
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                   A.M.S. MARKETING, INC. PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 2005

NOTE A  -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued -

           Basis of Presentation:
             The financial statements include the accounts of the predecessor
             Company's photocopier division. The historical accumulated deficit
             was eliminated as a result of the reorganization.

           Development Stage:
             The Company's management is in the process of raising working
             capital, developing a new business plan and exploring various
             business opportunities. Accordingly, the Company is classified as a
             development stage company.

           Estimates:
             The preparation of financial statements in conformity with
             generally accepted accounting principles requires management to
             make estimates and assumptions that affect the reported amounts of
             items included in the financial statements. Actual results could
             differ from those estimates.

           Financial Instruments:
             The carrying values of accounts receivable and accounts payable
             approximate fair value at December 31, 2005.

           Commission Receivable:
             The commission receivable is considered to be fully collectible as
             of December 31, 2005.

           Commission Revenues:
             The Company recognizes commission revenues as an agent for a
             principal. As such, commissions are recorded pursuant to a
             predetermined fixed rate, and after the machines are accepted by
             the ultimate purchaser. The Company locates buyers and is not
             obligated to take possession of, or fulfill the shipment of the
             machines sold. Selling prices of the machines sold are determined
             by the principal, and not the Company. Collection of the sales
             price and customer returns are the responsibility of the principal.

                                     - F-7 -
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                   A.M.S. MARKETING, INC. PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 2005

NOTE A  -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued -

           Advertising:
             Advertising costs are expensed as incurred.

           Earnings or (Loss) Per Common Share:
             Basic and diluted earnings per common share is calculated by
             dividing net income or loss by the weighted average number of
             common shares outstanding during the period. Shares issued are
             considered to be outstanding for all periods presented.

NOTE B  -  CONCENTRATION OF RISK -

           Substantially all of the division's revenues are derived from the
           sale of pre-owned, refurbished photocopy machines through a marketing
           arrangement with one company. Termination of the marketing
           arrangement would have a material adverse effect upon the business.

NOTE C  -  RELATED PARTY TRANSACTIONS -

           On August 22, 2005, the Company's president received 160,000 common
           shares of the parent company (International Imaging Systems, Inc.)
           for administrative and management consulting services rendered in the
           third quarter of 2005. The accompanying financial statements include
           $48,000 compensation expense based upon the fair value of the shares.
           Shares of the parent company were issued in accordance with the
           provisions of the International Imaging Systems, Inc. 2003 equity
           incentive program. The compensation paid by the parent company is
           reflected as additional paid-in capital in the accompanying balance
           sheet.

           The Company received $13,200 working capital advances from the
           shareholder (parent company) during 2005, reflected as additional
           paid-in capital in the accompanying balance sheet.

           Commission expense of $940 was paid to the Company's president during
           2004.

                                     - F-8 -
<PAGE>

                             RENEWABLE ASSETS, INC.
                                  SUCCESSOR TO
                   A.M.S. MARKETING, INC. PHOTOCOPIER DIVISION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 2005

NOTE D  -  STOCK OPTION PLAN -

           The Company's 2005 Stock Option Plan (the "Plan") was adopted by the
           Board of Directors and approved by the shareholder on September 15,
           2005. The "Plan" provides for the granting of stock options to
           employees, directors, and consultants.

           Certain awards are intended to qualify as "incentive stock options"
           within the meaning of Section 422 of the Internal Revenue Code (the
           "Code"). Other awards granted under the "Plan" are not intended to
           qualify as incentive stock options under the "Code".

           The total number of shares of the Company's stock that may be issued
           under the "Plan" may not exceed 2,000,000. The purchase price,
           exercise date, and expiration date of options to be issued will be
           set at the time of grant by management.

           As of December 31, 2005, no stock options were granted under the
           "Plan".

NOTE E  -  INCOME TAXES -

           The Company has a net operating loss carryforward of approximately
           $66,000, which may be carried forward through the year 2025 to offset
           future taxable income.

           Deferred tax assets, amounting to approximately $13,000, relating to
           the potential tax benefit of the net operating loss carryforward, was
           offset by a valuation allowance due to the uncertainty of profitable
           operations in the future.

NOTE F  -  GOING CONCERN UNCERTAINTY -

           The photocopier division has sustained recurring operating losses in
           prior years and has minimal assets. These factors raise substantial
           doubt as to the business's ability to continue as a going concern.
           Management's plans regarding this uncertainty are to raise additional
           working capital through the implementation of a successful business
           plan.

                                     - F-9 -
<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

Dated: March 15, 2006

RENEWABLE ASSETS, INC.

By: /s/ ALFRED M. SCHIFFRIN
    ------------------------------------------
    Name: Alfred M. Schiffrin
    Title: President, Chief Executive Officer, and Chief Financial Officer


         Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant in the capacities and on the dates indicated below.

Name                        Title                            Date

/s/ ALFRED M. SCHIFFRIN       President, Chief Executive         March 15, 2006
---------------------------   Officer, Chief Financial
Alfred M. Schiffrin           Officer and Director