##### 









UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Washington, DC 20549


Form 10-K/A


(Amendment No. 1)


FOR ANNUAL AND TRANSITION REPORTS


PURSUANT TO SECTIONS 13 OR 15(d) OF THE


SECURITIES EXCHANGE ACT OF 1934


|           |  |                                                                                             
|---------- |  | --------------------------------------------------------------------------------------------
|(Mark One) |  |                                                                                             
|þ          |  | 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        
|          
|o          |  | 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: 000-51161


Odimo Incorporated


(Exact Name of Registrant as Specified in its Charter)


|                                                                                   |  |                                         
|---------------------------------------------------------------------------------- |  | ----------------------------------------
|Delaware                                                                           |  | 22-3607813                              
|(State or Other Jurisdiction of
    Incorporation or Organization)                 |  | (I.R.S. Employer
    Identification No.)
|                                                                                  
|14051 NW 14th Street,
    Sunrise, Florida(Address of Principal Executive Offices) |  | 33323(Zip Code)                         

(954) 835-2233


(Registrants Telephone Number, Including Area Code)


Securities registered under Section 12(b) of the
Exchange Act: None


Securities registered under Section 12(g) of the
Exchange Act: Common Stock, par value $0.001 per share


o x




o x


x o


o




|                           |  |                      |  |                         
|-------------------------- |  | -------------------- |  | ------------------------
|Large accelerated filer  o |  | Accelerated filer  o |  | Non-accelerated filer  x

o x






DOCUMENTS INCORPORATED BY REFERENCE


None










---



##### 



EXPLANATORY NOTE




PART III


ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF
THE REGISTRANT


Directors and Executive
Officers




|                      |  |     |    |  |          |                                                                                     
|--------------------- |  | --- | -- |  | -------- | ------------------------------------------------------------------------------------
|Name                  |  | Age |    |  | Position
|                      |  |     |    |  |         
|Alan Lipton           |  |     | 55 |  |          | Chief Executive Officer, President and Chairman of the Board,
    Class III Director
|Jeff Kornblum         |  |     | 44 |  |          | Chief Operating Officer                                                             
|Amerisa Kornblum      |  |     | 44 |  |          | Chief Financial Officer, Secretary and Treasurer                                    
|George Grous          |  |     | 42 |  |          | Chief Technology Officer                                                            
|Sidney Feltenstein(1) |  |     | 64 |  |          | Class III Director                                                                  
|Eric Hippeau          |  |     | 54 |  |          | Class II Director                                                                   
|Lior Levin            |  |     | 38 |  |          | Class I Director                                                                    
|Stanley Stern(2)      |  |     | 48 |  |          | Class I Director                                                                    
|Steven Tishman(3)     |  |     | 48 |  |          | Class II Director                                                                   
|Robert Voss(1)        |  |     | 56 |  |          | Class I Director                                                                    






|    |                                                                                            
|--- | -------------------------------------------------------------------------------------------
|(1) | Member of the Audit Committee, the Compensation Committee and
    the Nominating Committee.
|   
|(2) | Member of the Compensation Committee and Nominating Committee                              
|   
|(3) | Member of the Audit Committee.                                                             

Alan Lipton


Jeff Kornblum






---



##### 



Amerisa Kornblum


George Grous


Sidney Feltenstein


Eric Hippeau


Lior Levin


Stanley Stern


Steven Tishman


2



---



##### 





Robert Voss


Compensation Committee
Interlocks and Insider Participation




Director
Compensation




Communications with
Directors


Stockholder
Communication.


Director Attendance at
Annual Meetings




3



---



##### 



ITEM 11.  EXECUTIVE COMPENSATION


Summary Compensation
Table




|                                                    |  |      |      |                     |        |              |              |       |                       |   |                 |           |  |                   |        |  |              |  |         |  |  |  |   | 
|--------------------------------------------------- |  | ---- | ---- | ------------------- | ------ | ------------ | ------------ | ----- | --------------------- | - | --------------- | --------- |  | ----------------- | ------ |  | ------------ |  | ------- |  |  |  | - | 
|                                                    |  |      |      |                     |        | LONG TERM    |              |       |                      
|                                                    |  |      |      | ANNUAL COMPENSATION |        |              | COMPENSATION |       |                       |  
|                                                    |  |      |      |                     |        |              |              |       |                       |  
|                                                    |  |      |      |                     |        | Other Annual |              |       | Securities Underlying |   |                 | ALL OTHER | 
|Name and Principal Position                         |  | Year |      |                     | Salary |              |              | Bonus |                       |   | Compensation(1) |           |  | Options/SARs #(2) |        |  | COMPENSATION | 
|                                                    |  |      |      |                     |        |              |              |       |                       |   |                 |           |  |                   |        |  |              | 
|Alan Lipton                                         |  |      | 2005 |                     |        | $            | 385,000      |       |                       | $ | 0               |           |  | $                 | 26,745 |  |              |  | 0       |  |  |  |  | 
|Chief Executive Officer                             |  |      | 2004 |                     |        |              | 366,750      | (3)   |                       |   | 0               |           |  |                   | 25,948 |  |              |  | 154,400 |  |  |  |  | 
|and President since                                 |  |      | 2003 |                     |        |              | 350,000      | (3)   |                       |   | 100,000         |           |  |                   | 25,788 |  |              |  | 0       |  |  |  |  | 
|November 1999                                       |  |      |      |                     |        |              |              |       |                       |   |                 |           |  |                   |        |  |              |  |         |  |  |  |   | 
|Jeff Kornblum                                       |  |      | 2005 |                     |        |              | 199,859      |       |                       | $ | 0               |           |  |                   | 23,008 |  |              |  | 0       |  |  |  |  | 
|Chief Operating Officer                             |  |      | 2004 |                     |        |              | 196,923      |       |                       |   | 70,000          |           |  |                   | 25,994 |  |              |  | 58,400  |  |  |  |  | 
|since November 1999                                 |  |      | 2003 |                     |        |              | 165,000      |       |                       |   | 66,000          |           |  |                   | 25,931 |  |              |  | 0       |  |  |  |  | 
|Amerisa Kornblum                                    |  |      | 2005 |                     |        |              | 175,000      |       |                       |   | 0               |           |  |                   | 18,536 |  |              |  | 0       |  |  |  |  | 
|Chief Financial Officer                             |  |      | 2004 |                     |        |              | 170,962      |       |                       |   | 60,000          |           |  |                   | 21,362 |  |              |  | 23,040  |  |  |  |  | 
|and Treasurer since                                 |  |      | 2003 |                     |        |              | 140,000      |       |                       |   | 56,000          |           |  |                   | 20,384 |  |              |  | 0       |  |  |  |  | 
|November 1999 and
    Secretary since November 2005 |  |      |      |                     |        |              |              |       |                       |   |                 |           |  |                   |        |  |              |  |         |  |  |  |   | 
|George Grous                                        |  |      | 2005 |                     |        |              | 149,859      |       |                       |   | 0               |           |  |                   | 25,201 |  |              |  | 0       |  |  |  |  | 
|Chief Technology Officer                            |  |      | 2004 |                     |        |              | 149,615      |       |                       |   | 63,000          |           |  |                   | 28,647 |  |              |  | 19,200  |  |  |  |  | 
|since January 2000                                  |  |      | 2003 |                     |        |              | 130,000      |       |                       |   | 60,000          |           |  |                   | 26,662 |  |              |  | 0       |  |  |  |  | 






|    |                                                                                                                                                  
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Includes lease payments, insurance and maintenance expenses for
    one automobile and medical insurance premiums.                               
|   
|(2) | Options granted to purchase shares of our Common Stock.                                                                                          
|   
|(3) | Includes $100,000 and $150,000 paid to Mey-Al Corporation, an
    entity owned and controlled by Alan Lipton, in 2004 and 2003,
    respectively.

Aggregated Option
Exercises in Last Fiscal Year and Fiscal Year End Option
Values




|                         |  |             |   |  |          |                        |     |                     |                         |  |                        |  |  |             |   |  |               |  |   |  |  |  |   | 
|------------------------ |  | ----------- | - |  | -------- | ---------------------- | --- | ------------------- | ----------------------- |  | ---------------------- |  |  | ----------- | - |  | ------------- |  | - |  |  |  | - | 
|                         |  |             |   |  |          | Number of Securities   |     |                     |                        
|                         |  |             |   |  |          | Underlying Unexercised |     |                     | Value of Unexercised    | 
|                         |  |             |   |  |          | Options At             |     |                     | In-The-Money Options At | 
|                         |  | Acquired    |   |  | Value    |                        |     | Fiscal Year-End (#) |                         |  | Fiscal Year-End ($)(1) | 
|                         |  | On          |   |  | Realized |                        |     |                     |                         |  |                        | 
|Named Executive Officers |  | Exercise(#) |   |  | ($)      |                        |     | Exercisable         |                         |  | Unexercisable          |  |  | Exercisable |   |  | Unexercisable | 
|                         |  |             |   |  |          |                        |     |                     |                         |  |                        |  |  |             |   |  |               | 
|Alan Lipton              |  |             | 0 |  |          |                        | N/A |                     |                         |  | 232,134                |  |  |             | 0 |  |               |  | 0 |  |  |  | 0 | 
|Jeff Kornblum            |  |             | 0 |  |          |                        | N/A |                     |                         |  | 61,774                 |  |  |             | 0 |  |               |  | 0 |  |  |  | 0 | 
|Amerisa Kornblum         |  |             | 0 |  |          |                        | N/A |                     |                         |  | 26,413                 |  |  |             | 0 |  |               |  | 0 |  |  |  | 0 | 
|George Grous             |  |             | 0 |  |          |                        | N/A |                     |                         |  | 20,534                 |  |  |             | 0 |  |               |  | 0 |  |  |  | 0 | 






|    |                                                                                                                               
|--- | ------------------------------------------------------------------------------------------------------------------------------
|(1) | The market price per share at the close of trading on the Nasdaq
    National Market on December 30, 2005 was $1.37 per share.

Employment Agreements
with Executive Officers




4



---



##### 









Report of the
Compensation Committee




Introduction




Compensation Programs


Base Salary.


Bonuses.


Stock Options and Restricted Stock Awards.


5



---



##### 





Compensation for the Chief Executive Officer




Compensation Limitations






| |                                      
| | -------------------------------------
| | Respectfully Submitted By:           
|
| | MEMBERS OF THE COMPENSATION COMMITTEE
|
| | Sidney Feltenstein                   
| | Stanley Stern                        
| | Robert Voss (Chairman)               



6



---



##### 





|          |                                                                                                   
|--------- | --------------------------------------------------------------------------------------------------
|ITEM  12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
    MANAGEMENT AND RELATED STOCKHOLDER MATTERS

Stock Ownership of
Certain Beneficial Owners and Management








7



---



##### 



PRINCIPAL STOCKHOLDERS


|                                                                 |                                                                                                    |                    |           |  |            |  |       |   | 
|---------------------------------------------------------------- | -------------------------------------------------------------------------------------------------- | ------------------ | --------- |  | ---------- |  | ----- | - | 
|                                                                 |                                                                                                    | Shares             |           |  |           
|Beneficial Owner                                                 |                                                                                                    | Beneficially Owned |           |  | Percentage | 
|                                                                 |                                                                                                    |                    |           |  |            | 
|5% STOCKHOLDERS                                                  |                                                                                                    |                    |           |  |            |  |       |  
|Beny Steinmetz(1)                                                |                                                                                                    |                    | 1,657,070 |  |            |  | 23.09 | %
|                                                                 | c/o Scorpio (BSG) Ltd. 85, Medinat Hayehudin St.
    P.O. Box 4030, Herzilya Pithach, Israel 46140 |                    |           |  |            |  |       |   | 
|Daniel Steinmetz(1)                                              |                                                                                                    |                    | 1,657,070 |  |            |  | 23.09 | %
|                                                                 | c/o Onyx Advisors, Ltd., P.O. Box 1002,                                                            |                    |           |  |            |  |       |   | 
|                                                                 | 1211 Geneva 5, Switzerland                                                                         |                    |           |  |            |  |       |   | 
|Nir Livnat(1)                                                    |                                                                                                    |                    | 1,657,070 |  |            |  | 23.09 | %
|                                                                 | c/o Onyx Advisors, Ltd., P.O. Box 1002                                                             |                    |           |  |            |  |       |   | 
|                                                                 | 1211 Geneva 5, Switzerland                                                                         |                    |           |  |            |  |       |   | 
|SB Capital Managers LLC(2)                                       |                                                                                                    |                    | 1,152,892 |  |            |  | 16.10 | %
|                                                                 | 1188 Centre Street, Newton Center, MA 02459                                                        |                    |           |  |            |  |       |   | 
|GSI Commerce Solutions, Inc.(3)                                  |                                                                                                    |                    | 824,594   |  |            |  | 11.51 | %
|                                                                 | 935 First Avenue, King of Prussia, PA 19406                                                        |                    |           |  |            |  |       |   | 
|Austin W. Marxe(4)                                               |                                                                                                    |                    | 729,356   |  |            |  | 10.18 | %
|                                                                 | 527 Madison Avenue, Suite 2600, New York, NY 10022                                                 |                    |           |  |            |  |       |   | 
|David M. Greenhouse(4)                                           |                                                                                                    |                    | 729,356   |  |            |  | 10.18 | %
|                                                                 | 527 Madison Avenue, Suite 2600, New York, NY 10022                                                 |                    |           |  |            |  |       |   | 
|Rima Management, LLC(5)                                          |                                                                                                    |                    | 555,164   |  |            |  | 7.75  | %
|                                                                 | Richard Mashaal                                                                                    |                    |           |  |            |  |       |   | 
|                                                                 | 110 East 55th Street, Suite 1600, New York, NY 10022                                               |                    |           |  |            |  |       |   | 
|Bruce Galloway(6)                                                |                                                                                                    |                    | 363,285   |  |            |  | 5.07  | %
|                                                                 | c/o Galloway Capital Management, LLC                                                               |                    |           |  |            |  |       |   | 
|                                                                 | 720 Fifth Avenue, New York, NY 10019                                                               |                    |           |  |            |  |       |   | 
|                                                                
|DIRECTORS AND EXECUTIVE OFFICERS                                 |                                                                                                    |                    |           |  |            |  |       |  
|Alan Lipton(7)                                                   |                                                                                                    |                    | 354,781   |  |            |  | 4.80  | %
|                                                                 | 14051 NW 14th Street, Sunrise, FL 33323                                                            |                    |           |  |            |  |       |   | 
|Jeff Kornblum(8)                                                 |                                                                                                    |                    | 81,440    |  |            |  | 1.12  | %
|                                                                 | 14051 NW 14th Street, Sunrise, FL 33323                                                            |                    |           |  |            |  |       |   | 
|Amerisa Kornblum(8)                                              |                                                                                                    |                    | 81,440    |  |            |  | 1.12  | %
|                                                                 | 14051 NW 14th Street, Sunrise, FL 33323                                                            |                    |           |  |            |  |       |   | 
|George Grous(9)                                                  |                                                                                                    |                    | 19,200    |  |            |  | *     |  
|                                                                 | 14051 NW 14th Street, Sunrise, FL 33323                                                            |                    |           |  |            |  |       |   | 
|Eric Hippeau (10)                                                |                                                                                                    |                    |          |  |            |  |      |  
|                                                                 | 1188 Centre Street, Newton Center, MA 02459                                                        |                    |           |  |            |  |       |   | 
|Sidney Feltenstein (11)                                          |                                                                                                    |                    | 2,498     |  |            |  | *     |  
|                                                                 | 1717 Elm Hill Pike, Suite 1A, Nashville, TN 37210                                                  |                    |           |  |            |  |       |   | 
|Lior Levin                                                       |                                                                                                    |                    |          |  |            |  |      |  
|                                                                 | c/o R. Steinmetz & Sons                                                                            |                    |           |  |            |  |       |   | 
|                                                                 | India Pvt. Ltd. 701 & 702, Tower II, Mumbai K7 400-096                                             |                    |           |  |            |  |       |   | 
|Stanley Stern                                                    |                                                                                                    |                    | 4,000     |  |            |  | *     |  
|                                                                 | c/o Odimo Incorporated                                                                             |                    |           |  |            |  |       |   | 
|                                                                 | 14051 NW 14th Street, Sunrise, FL 33323                                                            |                    |           |  |            |  |       |   | 
|Steven Tishman                                                   |                                                                                                    |                    |          |  |            |  |      |  
|                                                                 | c/o Rothchild Inc.                                                                                 |                    |           |  |            |  |       |   | 
|                                                                 | 1251 Avenue of the Americas, New York, NY 10020                                                    |                    |           |  |            |  |       |   | 
|Robert Voss                                                      |                                                                                                    |                    |          |  |            |  |      |  
|                                                                 | c/o Fox Packaging                                                                                  |                    |           |  |            |  |       |   | 
|                                                                 | 2464 East Madrid, Springfield, MO 65804                                                            |                    |           |  |            |  |       |   | 
|All directors and executive officers as a group (10
    persons) |                                                                                                    |                    | 543,359   |  |            |  | 7.59  | %

8



---



##### 








|  |                      
|- | ---------------------
|* | Denotes less than 1%.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Includes 633,308 shares held by SDG Marketing, Inc., 1,023,762
    shares held by Lenorth Holdings, S.A. SDG Marketing, Inc. and
    Lenorth Holdings, S.A. are part of The Steinmetz Diamond Group,
    which is owned indirectly by trusts or foundations for the
    benefit of Beny Steinmetz, Daniel Steinmetz and Nir Livnat. Beny
    Steinmetz and Daniel Steinmetz are brothers. Nir Livnat is not
    related to either Beny or Daniel Steinmetz. Each of Beny
    Steinmetz, Daniel Steinmetz and Nir Livnat may be deemed to have
    shared voting and dispositive power over these shares.                                                                                                                                                                                                                                                                                                                                                                                                                               
|   
|(2) | Includes 575,067 shares held by SOFTBANK Capital Partners, LP,
    565,183 shares held by SOFTBANK Capital LP, and 12,642 shares
    held by SOFTBANK Capital Advisors Fund, LP (collectively, the
    SB Funds). SOFTBANK Capital Partners LLC is the sole
    general partner of each of the SB Funds, and, pursuant to the
    Limited Liability Company Agreement of SOFTBANK Capital Partners
    LLC, all investment decisions on behalf of SOFTBANK Capital
    Partners LLC must be approved by SB Capital Managers LLC;
    accordingly, securities owned by the SB Funds may be regarded as
    being beneficially owned by SOFTBANK Capital Partners LLC and SB
    Capital Managers LLC. Each of SOFTBANK Capital Partners LP,
    SOFTBANK Capital LP, SOFTBANK Advisors Fund LP, SOFTBANK
    Capital Partners LLC and SB Capital Managers LLC disclaims
    beneficial ownership of securities owned by any other person or
    entity except to the extent of its respective pecuniary
    interest, if any, therein.
|   
|(3) | GSI Commerce Solutions, Inc. is a wholly-owned subsidiary of GSI
    Commerce, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   
|(4) | Messrs. Marxe and Greenhouse have shared voting and
    investment power over 162,742 shares of Common Stock owned by
    Special Situations Cayman Fund, L.P., 46,246 shares of Common
    Stock owned by Special Situations Fund III, L.P. and
    520,368 shares of Common Stock owned by Special Situations Fund
    III QP, L.P. Messrs. Marxe and Greenhouse are the
    controlling principals of AWM Investment Company, Inc.
    (AWM), the general partner of and investment adviser
    to Special Situations Cayman Fund, L.P. AWM also serves as the
    general partner of MGP Advisers Limited Partnership, the general
    partner of and investment adviser to Special Situations
    Fund III, L.P. and Special Situations Fund III QP, L.P.                                                                                                                                                                                                                                                                       
|   
|(5) | Rima Management, LLC and Richard Mashaal have shared voting and
    dispositive power over these shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   
|(6) | Reflects 127,807 shares owned by Mr. Galloway, 25,000
    shares owned by Mr. Galloways spouse, 14,000 shares held
    by Mr. Galloways children for which Mr. Galloway
    has the power to vote and dispose the shares and 196,478 shares
    held by Strategic Turnaround Equity Partners, L.P.
    (STEP). Mr. Galloway is a managing member and the
    majority equity holder of Galloway Capital Management, LLC, the
    general partner of STEP. Mr. Galloway disclaims beneficial
    ownership of the shares directly beneficially owned by STEP
    except for the indirect interests by virtue of Mr. Galloway
    being a member of Galloway Capital Management, LLC and a limited
    partner of STEP.                                                                                                                                                                                                                                                                                                              
|   
|(7) | Includes 230,134 shares of common stock issuable upon the
    exercise of currently exercisable options and 13,333 shares
    owned by a trust, the beneficiary of which is Lily Lipton,
    Mr. Liptons minor daughter (the Lily
    Trust).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   
|(8) | Represents 58,400 shares of common stock issuable upon the
    exercise of currently exercisable options held by Jeff Kornblum
    and 23,040 shares of common stock issuable upon the exercise of
    currently exercisable options held by Amerisa Kornblum,
    Mr. Kornblums wife. Each disclaims beneficial
    ownership of the shares owned by the other.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   
|(9) | Represents 19,200 shares of common stock issuable upon the
    exercise of currently exercisable options. Mr. Grous is the
    brother of Ms. Kornblum, our Chief Financial Officer and
    Treasurer. Mr. Grous disclaims beneficial ownership over
    any shares beneficially owned by Ms. Kornblum.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                



|     |                                                                                                                                                                                                
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(10) | Mr. Hippeau is a member of SB Capital Managers LLC but does
    not have voting or investment authority over the shares held by
    the SOFTBANK entities and, therefore, Mr. Hippeau disclaims

9



---



##### 



|     |                                                                                                                                     
|---- | ------------------------------------------------------------------------------------------------------------------------------------
|     | beneficial ownership of the shares held by the SOFTBANK entities
    except to the extent of his pecuniary interest arising therein.
|    
|(11) | Does not include 13,333 shares held by the Lily Trust.
    Mr. Feltenstein is one of several trustees of the Lily
    Trust.        

Section 16(a)
Beneficial Ownership Reporting Compliance


www.odimo.com Investor
Relations  SEC Filings


Changes In
Control




ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS


The Steinmetz Diamond
Group










10



---



##### 







Payment for Use of Jet
Aircraft




Participation in our
Initial Public Offering




General




ITEM 14.  PRINCIPAL ACCOUNTING FEES AND
SERVICES


Audit and Non-Audit
Fees




|                             |  |      |         | 
|---------------------------- |  | ---- | ------- | 
|                             |  | 2005 |        
|                             |  |      |        
|Audit and Audit Related Fees |  | $    | 168,600 | 
|Tax Fees                     |  |      | 0       | 
|All Other Fees               |  |      | 0       | 
|                             |  |      |        
|Total                        |  | $    | 168,600 | 
|                             |  |      |        



11



---



##### 





|                             |  |      |        |  |      |   |         | 
|---------------------------- |  | ---- | ------ |  | ---- | - | ------- | 
|                             |  | 2005 |        |  | 2004 |  
|                             |  |      |        |  |      |  
|Audit and Audit Related Fees |  | $    | 58,390 |  |      | $ | 769,520 | 
|Tax Fees                     |  |      | 0      |  |      |   | 0       | 
|All Other Fees               |  |      | 0      |  |      |   | 0       | 
|                             |  |      |        |  |      |  
|Total                        |  | $    | 58,390 |  |      | $ | 769,520 | 
|                             |  |      |        |  |      |  

Audit Fees.


Audit-Related Fees.


Tax Fees.


All Other Fees.


Audit Committee
Pre-Approval Policies And Procedures




PART IV


ITEM 15.  EXHIBITS AND FINANCIAL STATEMENT
SCHEDULES




|        |      |             |  |                                                                                                                                                                   
|------- | ---- | ----------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |      |            
|Number  |      | Description
|        |      |            
|        | 31.1 |             |  | Certification of Chief Executive Officer pursuant to Rules
    13a-14(a) and 15d-14(a) promulgated pursuant to the Securities
    Exchange Act of 1934, as amended
|        | 31.2 |             |  | Certification of Chief Financial Officer pursuant to Rules
    13a-14(a) and 15d-14(a) promulgated pursuant to the Securities
    Exchange Act of 1934, as amended
|        | 32.1 |             |  | Certification of Chief Executive Officer pursuant to Section 906
    of the Sarbanes-Oxley Act of 2002                                                            
|        | 32.2 |             |  | Certification of Chief Financial Officer pursuant to Section 906
    of the Sarbanes-Oxley Act of 2002                                                            

12



---



##### 



SIGNATURES






| |                   
| | ------------------
| | ODIMO INCORPORATED

|                      |  |                                                                      
|--------------------- |  | ---------------------------------------------------------------------
|                     
|Dated: April 26, 2006 |  | /s/ Alan LiptonAlan Lipton, President and Chief
    Executive Officer



|                      |  |                                                                                                                                       
|--------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------
|                     
|Dated: April 26, 2006 |  | /s/ Alan LiptonAlan Lipton, President, Chief Executive
    Officer and Chairman of the Board of Directors(Principal Executive Officer)
|                     
|Dated: April 26, 2006 |  | /s/ Amerisa KornblumAmerisa Kornblum, Chief Financial
    Officer(Principal Financial and Accounting Officer)                         
|                     
|Dated: April 26, 2006 |  | /s/ Sidney FeltensteinSidney Feltenstein, Director                                                                                    
|                     
|Dated: April 26, 2006 |  | /s/ Eric HippeauEric Hippeau, Director                                                                                                
|                     
|Dated: April 26, 2006 |  | /s/ Lior LevinLior Levin, Director                                                                                                    
|                     
|Dated: April 26, 2006 |  | /s/ Stanley SternStanley Stern, Director                                                                                              
|                     
|Dated: April 26, 2006 |  | /s/ Steven TishmanSteven Tishman, Director                                                                                            
|                     
|Dated: April 26, 2006 |  | /s/ Robert VossRobert Voss, Director                                                                                                  

13