**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB/A**

**Amendment      No. 1**

**September      30, 2005**

**COMMISSION      FILE NUMBER **
**033-24138-D**

**IMAGENETIX,      INC.**

| **NEVADA**                                                                          |   | **87-0463772**                                      |
|-------------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization)  |   | (I.R.S.                Employer Identification No.) |

| **10845                Rancho Bernardo Road, Suite 105** |
|----------------------------------------------------------|
| **San                Diego, California 92127**           |
| (Address                of principal executive offices)  |

**(858)      674-8455**

**Yes**
**    No      **

**Yes**
**    No      **

| Common                    Stock, $.001 par value | 10,721,400                                      |   |
|--------------------------------------------------|-------------------------------------------------|--------|
| (Class)                                          | Outstanding                    at June 28, 2006 |   |

**    No      **
**x**

----

**Imagenetix,      Inc.**

**INDEX**

|                        |                                     |                                                                                                                                                                     | Page   |
|-----------------------------|------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                        |                                     |                                                                                                                                                                     |   |
| PART                    I.  | FINANCIAL                    INFORMATION |                                                                                                                                                                     |
|                        |                                     |                                                                                                                                                                     |   |
|                        | Item                    1.               | Financial                    Statements:                                                                                                                                 |   |
|                        |                                     |                                                                                                                                                                     |   |
|                        |                                     | Consolidated                    Balance Sheets as of September 30, 2005 (unaudited and March                    31,                    2005                              | 3      |
|                        |                                     |                                                                                                                                                                     |   |
|                        |                                     | Consolidated                    Statements of Operation for the three and six months ended September                    30,                    2005 and 2004 (unaudited) | 4      |
|                        |                                     |                                                                                                                                                                     |   |
|                        |                                     | Consolidated                    Statements of Cash Flows for the six months ended September 30,                    2005 and                    2004 (unaudited)          | 5      |
|                        |                                     |                                                                                                                                                                     |   |
|                        |                                     | Notes                    to Unaudited Consolidated Financial Statements                                                                                                  | 6      |
|                        |                                     |                                                                                                                                                                     |   |
|                        |                                     |                                                                                                                                                                     |   |
|                        |                                     |                                                                                                                                                                     |   |
|                        | Item                    2.               | Management’s                    Discussion and Analysis or Plan of Operation                                                                                       | 16     |
|                        |                                     |                                                                                                                                                                     |   |
|                        | Item                    3.               | Controls                    and Procedures                                                                                                                               | 24     |
|                        |                                     |                                                                                                                                                                     |   |
| PART                    II. | OTHER                    INFORMATION     |                                                                                                                                                                     |
|                        |                                     |                                                                                                                                                                     |   |
|                        | Item                    1.               | Legal                    Proceedings                                                                                                                                     | 25     |
|                        |                                     |                                                                                                                                                                     |   |
|                        | Item                    2.               | Unregistered                    Sales of Equity Securities and Use of Proceeds                                                                                           | 25     |
|                        |                                     |                                                                                                                                                                     |   |
|                        | Item                    3.               | Defaults                    upon Senior Securities                                                                                                                       | *      |
|                        |                                     |                                                                                                                                                                     |   |
|                        | Item                    4.               | Submission                    of Matters to a Vote of Security Holders                                                                                                   | *      |
|                        |                                     |                                                                                                                                                                     |   |
|                        | Item                    5.               | Other                    Information                                                                                                                                     | *      |
|                        |                                     |                                                                                                                                                                     |   |
|                        | Item                    6.               | Exhibits                                                                                                                                                                 | 26     |
|                        |                                     |                                                                                                                                                                     |   |
| SIGNATURES                  |                                     |                                                                                                                                                                     |
|                        |                                     |                                                                                                                                                                     |   |
|                        | *                                        | No                    information provided due to inapplicability of the item.                                                                                           |   |

----

**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements**

| **Imagenetix,                  Inc.**                                                                                               |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **Consolidated                  Balance Sheets**                                                                                    |   |
|                                                                                                                                     |   |
|                                                                                                                                          |   | September                  30, |   |  March                  31, |   |
|                                                                                                                                          |   | 2005 |   |  2005 |   |
|                                                                                                                                          |   | (Unaudited)(Restated) |   |    |   |
| ASSETS                                                                                                                                        |   |   |   |    |   |
|                                                                                                                                          |   |   |   |    |   |
| Current                  assets:                                                                                                              |   |   |   |    |   |
| Cash                  and cash equivalents                                                                                                    |   | $ | 2,169,040 |   | $ | 2,031,486 |   |
| Accounts                  receivable, net                                                                                                     |   |   | 1,667,130 |   |   | 2,064,089 |   |
| Inventory                                                                                                                                     |   |   | 1,670,409 |   |   | 1,382,495 |   |
| Prepaid                  expenses                                                                                                             |   |   | 278,016 |   |   | 26,700 |   |
| Income                  tax receivable                                                                                                        |   |   | 61,424 |   |   | - |   |
| Deferred                  tax asset                                                                                                           |   |   | 93,000 |   |   | 41,700 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
| Total                  current assets                                                                                                         |   |   | 5,939,019 |   |   | 5,546,470 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
| Property                  and equipment, net                                                                                                  |   |   | 31,383 |   |   | 42,987 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
| Other                  assets                                                                                                                 |   |   | 582,188 |   |   | 183,054 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
|                                                                                                                                          |   | $ | 6,552,590 |   | $ | 5,772,511 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                                                         |   |   |   |   |   |   |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
| Current                  liabilities:                                                                                                         |   |   |   |   |   |   |   |
| Accounts                  payable                                                                                                             |   | $ | 1,377,113 |   | $ | 841,801 |   |
| Accrued                  liabilities                                                                                                          |   |   | 22,113 |   |   | 20,245 |   |
| Customer                  deposits                                                                                                            |   |   | 15,700 |   |   | 75,391 |   |
| Income                  tax payable                                                                                                           |   |   | - |   |   | 437,784 |   |
| Line                  of credit with related party                                                                                            |   |   | 50,000 |   |   | 225,000 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
| Total                  current liabilities                                                                                                    |   |   | 1,464,926 |   |   | 1,600,221 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
| Stockholders'                  equity                                                                                                         |   |   |   |   |   |   |   |
| Preferred                  stock, $.001 par value; 5,000,000 shares                                                                           |   |   |   |   |   |   |   |
| authorized:                  none outstanding                                                                                                 |   |   | - |   |   | - |   |
| Common                  stock, $.001 par value; 50,000,000 shares                                                                             |   |   |   |   |   |   |   |
| authorized:                  10,672,596 and 10,404,652 issued and                                                                             |   |   |   |   |   |   |   |
| outstanding                  at September 30 and March 31, 2005, respectively                                                                 |   |   | 10,673 |   |   | 10,405 |   |
| Capital                  in excess of par value                                                                                               |   |   | 10,068,298 |   |   | 4,267,707 |   |
| Accumulated                  deficit                                                                                                          |   |   | (4,991,307 | ) |   | (105,822 | ) |
| Total                  stockholders' equity                                                                                                   |   |   | 5,087,664 |   |   | 4,172,290 |   |
|                                                                                                                                          |   | $ | 6,552,590 |   | $ | 5,772,511 |   |
| *See                  accompanying summary of accounting policies and notes to unaudited                  consolidated financial statements.* |   |   |   |   |   |   |   |

----

| **Imagenetix,                  Inc.**                                                                                  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **Consolidated                  Statements of                  Operation**                                             |   |
| (Unaudited)                                                                                                            |   |
|                                                                                                                                                           |   |    |   |    |   |    |   |    |   |
|                                                                                                                                                           |   | Three                  Months Ended    |   | Six                  Months Ended    |   |
|                                                                                                                                                           |   | September                  30,     |   | September                  30,     |   |
|                                                                                                                                                           |   |  2005 |   |  2004 |   |  2005 |   |  2004 |   |
|                                                                                                                                                           |   |  (Restated) |   |    |   |  (Restated) |   |    |   |
|                                                                                                                                                           |   |    |   |    |   |    |   |    |   |
| Net                  sales                                                                                                                                     |   | $ | 2,016,295 |   | $ | 1,034,146 |   | $ | 4,886,040 |   | $ | 2,220,309 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost                  of sales                                                                                                                                 |   |   | 1,152,244 |   |   | 470,464 |   |   | 2,607,343 |   |   | 1,183,395 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross                  profit                                                                                                                                  |   |   | 864,051 |   |   | 563,682 |   |   | 2,278,697 |   |   | 1,036,914 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating                  expenses:                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General                  and administrative                                                                                                                    |   |   | 1,227,156 |   |   | 228,861 |   |   | 1,660,273 |   |   | 347,322 |   |
| Payroll                  expense                                                                                                                               |   |   | 272,344 |   |   | 125,052 |   |   | 450,076 |   |   | 203,599 |   |
| Consulting                  expense                                                                                                                            |   |   | 207,782 |   |   | 80,599 |   |   | 469,199 |   |   | 153,620 |   |
| Operating                  expenses                                                                                                                            |   |   | 1,707,282 |   |   | 434,512 |   |   | 2,579,548 |   |   | 704,541 |   |
| Operating                  (loss) income                                                                                                                       |   |   | (843,231 | ) |   | 129,170 |   |   | (300,851 | ) |   | 332,373 |   |
| Other                  income (expense):                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                  income                                                                                                                                  |   |   | 9,105 |   |   | 1 |   |   | 18,017 |   |   | 2 |   |
| Interest                  expense (Note 7)                                                                                                                     |   |   | (4,551 | ) |   | (7,207 | ) |   | (17,532 | ) |   | (13,957 | ) |
| Other                  income (expense)                                                                                                                        |   |   | 4,554 |   |   | (7,206 | ) |   | 485 |   |   | (13,955 | ) |
| (Loss)                  income before income taxes                                                                                                             |   |   | (838,677 | ) |   | 121,964 |   |   | (300,366 | ) |   | 318,418 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision                  for (benefits from) taxes (Note 10)                                                                                                 |   |   | (348,000 | ) |   | 104,152 |   |   | (113,700 | ) |   | 10,577 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  (loss) income                                                                                                                             |   | $ | (490,677 | ) | $ | 17,812 |   | $ | (186,666 | ) | $ | 307,841 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                  (loss) income per share                                                                                                                 |   | $ | (0.05 | ) | $ | - |   | $ | (0.02 | ) | $ | 0.04 |   |
| Diluted                  (loss) income per share                                                                                                               |   | $ | (0.05 | ) | $ | - |   | $ | (0.02 | ) | $ | 0.03 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *See                  accompanying summary of accounting policies and notes to unaudited                  consolidated financial                  statements.* |

----

| **Imagenetix,                  Inc.**                                                                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
| **Consolidated                  Statements of Cash Flows**                                                                          |
| (Unaudited)                                                                                                                         |
|                                                                                                                                          |   | **Six                  Months Ended**   |   |
|                                                                                                                                          |   | **September                  30,**   |   |
|                                                                                                                                          |   | **2005** |   |  2004 |   |
|                                                                                                                                          |   | **(Restated)** |   |    |   |
| **Operating                  activities:**                                                                                                    |   |   |   |    |   |
| Net                  (loss) income                                                                                                            |   | $ | (186,666 | ) | $ | 307,841 |   |
| Adjustments                  to reconcile net (loss) income                                                                                   |   |   |   |   |   |   |   |
| to                  cash provided by operating activities:                                                                                    |   |   |   |   |   |   |   |
| Amortization                  and depreciation                                                                                                |   |   | **13,724** |   |   | 7,889 |   |
| Provision                  for doubtful accounts, net                                                                                         |   |   | **2,930** |   |   | (33,381 | ) |
| Provision                  for inventory obsolescence                                                                                         |   |   | **112,927** |   |   | 28,647 |   |
| Non                  cash expense related to warrants and stock options                                                                       |   |   | **760,346** |   |   | - |   |
| Stock                  issued for services                                                                                                    |   |   | **87,750** |   |   | - |   |
| Change                  in deferred taxes                                                                                                     |   |   | **(52,600** | **)** |   | (115,119 | ) |
| Changes                  in assets and liabilities:                                                                                           |   |   |   |   |   |   |   |
| (Increase)                  decrease in accounts receivable                                                                                   |   |   | **394,029** |   |   | 70,385 |   |
| (Increase)                  decrease in inventory                                                                                             |   |   | **(400,841** | **)** |   | (283,768 | ) |
| (Increase)                  decrease in other assets                                                                                          |   |   | **(603,040** | **)** |   | (14,271 | ) |
| Increase                  (decrease) in accounts payable                                                                                      |   |   | **535,312** |   |   | (71,182 | ) |
| Increase                  (decrease) in accrued liabilities                                                                                   |   |   | **1,868** |   |   | (31,487 | ) |
| Increase                  (decrease) in customer deposits                                                                                     |   |   | **(59,691** | **)** |   | 149,818 |   |
| Increase                  (decrease) in income taxes payable                                                                                  |   |   | **(437,784** | **)** |   | 125,695 |   |
| Net                  cash provided by operating activities                                                                                    |   |   | **168,264** |   |   | 141,067 |   |
| **Investing                  activities:**                                                                                                    |   |   |   |   |   |   |   |
| Trademarks,                  patents and infomercial                                                                                          |   |   | **(109,654** | **)** |   | (52,981 | ) |
| Net                  cash used in investing activities                                                                                        |   |   | **(109,654** | **)** |   | (52,981 | ) |
| **Financing                  activities:**                                                                                                    |   |   |   |   |   |   |   |
| Payments                  on notes payable to related party                                                                                   |   |   | **(175,000** | **)** |   | - |   |
| Proceeds                  from exercise of stock options and warrants                                                                         |   |   | **253,944** |   |   | - |   |
| Net                  cash provided by financing activities                                                                                    |   |   | **78,944** |   |   | - |   |
| **Net                  increase in cash**                                                                                                     |   |   | **137,554** |   |   | 88,086 |   |
| **Cash**,                  beginning of period                                                                                                |   |   | **2,031,486** |   |   | 454,377 |   |
| **Cash,**                  end of period                                                                                                      |   | $ | 2,169,040 |   | $ | 542,463 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
| **Supplemental                  Disclosure of Cash Flow Information:**                                                                        |   |   |   |   |   |   |   |
| Cash                  paid during the period for:                                                                                             |   |   |   |   |   |   |   |
| Interest                                                                                                                                      |   | $ | 17,532 |   | $ | 13,957 |   |
| Income                  taxes                                                                                                                 |   | $ | 740,908 |   | $ | - |   |
| **Non                  Cash Investing and Financing Activities:**                                                                             |   |   |   |   |   |   |   |
| Non-cash                  dividend issued to certain warrant holders                                                                          |   | $ | 4,698,819 |   | $ | - |   |
|                                                                                                                                          |   |   |   |   |   |   |   |
| *See                  accompanying summary of accounting policies and notes to unaudited                  consolidated financial statements.* |   |   |   |   |   |   |   |

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements **

| **1.** | **BASIS                OF PRESENTATION**  |
|--------|------------------------------------------------|

**Restatement**

| Statement                  of Operations for the three months ended September 30,                  2005 |   |
|---------------------------------------------------------------------------------------------------------|--------|
|                                                                                                    |   | As                  Reported  |   | As                  Adjusted  |   | Effect                  of Change  |   |
| Revenues                                                                                                |   | $ | 2,016,295 |   | $ | 2,016,295 |   | $ | - |   |
| Expenses                                                                                                |   |   | 7,091,508 |   |   | 2,506,972 |   |   | (4,584,536 | ) |
| Net                  loss                                                                               |   | $ | (5,075,213 | ) | $ | (490,677 | ) | $ | 4,584,536 |   |
| Basic                  and diluted loss per share                                                       |   | $ | (0.48 | ) | $ | (0.05 | ) | $ | 0.43 |   |
|                                                                                                    |   |   |   |   |   |   |   |   |   |   |
| Statement                  of Operations for the six months ended September 30, 2005                    |   |   |   |   |   |   |   |   |   |   |
|                                                                                                    |   | As                  Reported   |   | As                  Adjusted |   | Effect                  of Change |   |
| Revenues                                                                                                |   | $ | 4,886,040 |   | $ | 4,886,040 |   | $ | - |   |
| Expenses                                                                                                |   |   | 9,657,242 |   |   | 5,072,706 |   |   | (4,584,536 | ) |
| Net                  loss                                                                               |   | $ | (4,771,202 | ) | $ | (186,666 | ) | $ | 4,584,536 |   |
| Basic                  and diluted loss per share                                                       |   | $ | (0.45 | ) | $ | (0.02 | ) | $ | 0.43 |   |
|                                                                                                    |   |   |   |   |   |   |   |   |   |   |
| Balance                  Sheet as of September 30, 2005                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                                    |   | As                  Reported  |   | As                  Adjusted |   | Effect                  of Change |   |
| Other                  assets                                                                           |   | $ | 522,188 |   | $ | 582,188 |   | $ | 60,000 |   |
| Capital                  in excess of par value                                                         |   | $ | 9,894,015 |   | $ | 10,068,298 |   | $ | 174,283 |   |
| Accumlated                  deficit                                                                     |   | $ | (4,877,024 | ) | $ | (4,991,307 | ) | $ | (114,283 | ) |
|                                                                                                    |   |   |   |   |   |   |   |   |   |   |
| Statement                  of Cash Flows for the six months ended September 30, 2005                    |   |   |   |   |   |   |   |   |   |   |
|                                                                                                    |   | As                  Reported  |   | As                  Adjusted |   | Effect                  of Change |   |
| Net                  loss                                                                               |   | $ | (4,771,202 | ) | $ | (186,666 | ) | $ | 4,584,536 |   |
| Non-cash                  expense related to warrants                                                   |   |   | 5,284,882 |   |   | 760,346 |   |   | (4,524,536 | ) |
| Increase                  (decrease) in other assests and taxes                                         |   |   | (622,340 | ) |   | (682,340 | ) |   | (60,000 | ) |
| Non-cash                  dividend issued to warrant holders                                            |   |   | - |   |   | 4,698,819 |   |   | 4,698,819 |   |

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements      (Continued)**

**Reclassifications**

**Earnings      Per Share**

**Stock      Options**

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements      (Continued)**

|                                                               |   | Three                  months ended September 30,    |     | Six                  months ended September 30,    |   |
|--------------------------------------------------------------------|--------|----------------------------------------------------------------|----------|--------------------------------------------------------------|--------|
|                                                               |   |  2005                                                     |     |  2004                                                   |   |  2005 |   |  2004 |   |
|                                                               |   |                                                      |     |                                                    |   |    |   |    |   |
| Net                  income (loss), as reported                    |   | $                                                              | (490,677 | )                                                            | $      | 17,812 |   | $ | (186,666 | ) | $ | 307,841 |   |
| Stock-based                  employee compensation,                |   |                                                           |     |                                                         |   |   |   |   |   |   |   |   |   |
| net                  of tax effects, included in reported net loss |   |                                                           | 217,200  |                                                         |   | - |   |   | 217,200 |   |   | - |   |
| Stock-based                  employee compensation,                |   |                                                           |     |                                                         |   |   |   |   |   |   |   |   |   |
| net                  of tax effects                                |   |                                                           | (322,935 | )                                                            |   | - |   |   | (322,935 | ) |   | - |   |
| Proforma                  net income (loss)                        |   | $                                                              | (596,412 | )                                                            | $      | 17,812 |   | $ | (292,401 | ) | $ | 307,841 |   |
|                                                               |   |                                                           |     |                                                         |   |   |   |   |   |   |   |   |   |
| Net                  income (loss) per share:                      |   |                                                           |     |                                                         |   |   |   |   |   |   |   |   |   |
| Basic-                  as reported                                |   | $                                                              | (0.05    | )                                                            | $      | - |   | $ | (0.02 | ) | $ | 0.04 |   |
| Basic-                  proforma                                   |   | $                                                              | (0.06    | )                                                            | $      | - |   | $ | (0.03 | ) | $ | 0.04 |   |
| Diluted-                  as reported                              |   | $                                                              | (0.05    | )                                                            | $      | - |   | $ | (0.02 | ) | $ | 0.03 |   |
| Diluted-                  proforma                                 |   | $                                                              | (0.06    | )                                                            | $      | - |   | $ | (0.03 | ) | $ | 0.03 |   |

| **2.** | **RECENT                ACCOUNTING PRONOUNCEMENTS** |
|--------|-----------------------------------------------------|

| **3.** | **ACCOUNTS                RECEIVABLE** |
|--------|----------------------------------------|

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements      (Continued)**

|                                             |   | September                  30, |      |  March                  31, |   |
|--------------------------------------------------|--------|--------------------------------|-----------|----------------------------------|--------|
|                                             |   | 2005                           |      | 2005                        |   |
|                                             |   |                           |      |                        |   |
| Accounts                  receivable - trade     |   | $                              | 1,702,130 |                             | $      | 2,096,159 |   |
| Allowance                  for doubtful accounts |   |                           | (35,000   | )                                |   | (32,070 | ) |
|                                             |   |                           |      |                             |   |   |   |
| Accounts                  receivable, net        |   | $                              | 1,667,130 |                             | $      | 2,064,089 |   |

| **4.** | **INVENTORY** |
|--------|---------------|

|                                                |   |  September                  30, |      |  March                  31, |   |
|-----------------------------------------------------|--------|--------------------------------------|-----------|----------------------------------|--------|
|                                                |   |  2005                           |      |  2005                       |   |
|                                                |   |                            |      |                        |   |
| Raw                  materials                      |   | $                                    | 1,451,338 |                             | $      | 1,205,175 |   |
| Finished                  products                  |   |                                 | 111,804   |                             |   | 57,120 |   |
| Boxes,                  labels, tubes & bottles |   |                                 | 107,267   |                             |   | 120,200 |   |
|                                                |   | $                                    | 1,670,409 |                             | $      | 1,382,495 |   |

| **5.** | **PROPERTY                AND EQUIPMENT** |
|--------|-------------------------------------------|

|                                           |   |  September                  30, |     |  March                  31, |   |
|------------------------------------------------|--------|--------------------------------------|----------|----------------------------------|--------|
|                                           |   |  2005                           |     |  2005                       |   |
|                                           |   |                            |     |                        |   |
| Office                  equipment              |   | $                                    | 45,807   |                             | $      | 45,807 |   |
| Lease-hold                  improvements       |   |                                 | 113,598  |                             |   | 113,598 |   |
| Leased                  equipment              |   |                                 | 12,341   |                             |   | 12,341 |   |
|                                           |   |                                 | 171,746  |                             |   | 171,746 |   |
|                                           |   |                                 |     |                             |   |   |   |
| Less                  accumulated depreciation |   |                                 | (140,363 | )                                |   | (128,759 | ) |
|                                           |   |                                 |     |                             |   |   |   |
|                                           |   | $                                    | 31,383   |                             | $      | 42,987 |   |

| **6.** | **OTHER                ASSETS** |
|--------|---------------------------------|

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements      (Continued)**

|                                         |   |  September                30, |    |  March                31, |   |
|----------------------------------------------|--------|------------------------------------|---------|--------------------------------|--------|
|                                         |   |  2005                         |    |  2005                     |   |
|                                         |   |                          |    |                      |   |
| Trademarks                                   |   | $                                  | 13,033  |                           | $      | 11,736 |   |
| Deposit                on infomercial        |   |                               | 159,598 |                           |   | 79,240 |   |
| Promotional                                  |   |                               | 31,250  |                           |   | 43,750 |   |
| Patent                                       |   |                               | 56,467  |                           |   | 28,468 |   |
| Deferred                tax asset (Note 10)  |   |                               | 328,600 |                           |   | 24,500 |   |
| Globestar                                    |   |                               | 3,674   |                           |   | 3,674 |   |
|                                         |   |                               | 592,622 |                           |   | 191,368 |   |
|                                         |   |                               |    |                           |   |   |   |
| Less                accumulated amortization |   |                               | (10,434 | )                              |   | (8,314 | ) |
|                                         |   |                               |    |                           |   |   |   |
|                                         |   | $                                  | 582,188 |                           | $      | 183,054 |   |

| **7.** | **LINE                OF CREDIT - RELATED PARTY** |
|--------|---------------------------------------------------|

| **8.** | **COMMITMENTS                AND CONTINGENCIES** |
|--------|--------------------------------------------------|

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements      (Continued)**

| **9.** | **CAPITAL                STOCK** |
|--------|----------------------------------|

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements      (Continued)**

| **10.** | **INCOME                TAXES** |
|---------|---------------------------------|

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements      (Continued)**

|                                                     |   |  September                  30, |    |  March                  31, |   |
|----------------------------------------------------------|--------|--------------------------------------|---------|----------------------------------|--------|
|                                                     |   |  2005                           |    |  2005                       |   |
|                                                     |   |                            |    |                        |   |
| Excess                  of financial accounting          |   |                            |    |                        |   |
| over                  tax depreciation                   |   | $                                    | 25,800  |                             | $      | 24,500 |   |
| Valuation                  of warrants and stock options |   |                                 | 302,800 |                             |   | - |   |
| Allowance                  for obsolete inventory        |   |                                 | 73,900  |                             |   | 29,000 |   |
| Allowance                  for bad debts                 |   |                                 | 13,900  |                             |   | 12,700 |   |
| Other                                                    |   |                                 | 5,200   |                             |   | - |   |
| Net                  deferred tax asset                  |   | $                                    | 421,600 |                             | $      | 66,200 |   |

|                                                                               |   | For                  the Six Months Ended    |     |
|------------------------------------------------------------------------------------|--------|--------------------------------------------------------|----------|
|                                                                               |   | September                  30,               |     |
|                                                                               |   | 2005                                                   |     |  2004 |   |
| Federal                  income tax expense computed at the Federal statutory rate |   | $                                                      | (102,100 | ) | $ | 125,696 |   |
| State                  income tax expense net of Federal benefit                   |   |                                                   | (16,600  | ) |   | - |   |
| Change                  in valuation allowance                                     |   |                                                   | -        |   |   | (169,158 | ) |
| Other                                                                              |   |                                                   | 5,000    |   |   | 54,039 |   |
|                                                                               |   |                                                   |     |   |   |   |   |
| Income                  tax expense                                                |   | $                                                      | (113,700 | ) | $ | 10,577 |   |

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements      (Continued)**

|                                                           |   |  Six                  Months Ended September 30,    |     |
|----------------------------------------------------------------|--------|--------------------------------------------------------------------|----------|
|                                                           |   |  2005                                                         |     |  2004 |   |
|                                                           |   |                                                          |     |    |   |
| Current                  income tax expense:                   |   |                                                          |     |    |   |
| Federal                                                        |   | $                                                                  | 188,100  |   | $ | 125,696 |   |
| State                                                          |   |                                                               | 53,600   |   |   | - |   |
|                                                           |   |                                                               |     |   |   |   |   |
| Net                  current tax expense                       |   |                                                               | 241,700  |   |   | 125,696 |   |
|                                                           |   |                                                               |     |   |   |   |   |
| Deferred                  tax expense (benefit) resulted from: |   |                                                               |     |   |   |   |   |
| Excess                  of financial accounting over           |   |                                                               |     |   |   |   |   |
| tax                  depreciation                              |   |                                                               | (1,200   | ) |   | 19,283 |   |
| Valuation                  of warrants and stock options       |   |                                                               | (302,800 | ) |   |   |   |
| Other                                                          |   |                                                               | (5,200   | ) |   | - |   |
| Net                  operating loss                            |   |                                                               | -        |   |   | 32,599 |   |
| Valuation                  allowance                           |   |                                                               | -        |   |   | (169,158 | ) |
| Allowance                  for obsolete inventory              |   |                                                               | (45,000  | ) |   | (12,144 | ) |
| Allowance                  for bad debts                       |   |                                                               | (1,200   | ) |   | 14,301 |   |
|                                                           |   |                                                               |     |   |   |   |   |
| Net                  deferred tax benefit                      |   |                                                               | (355,400 | ) |   | (115,119 | ) |
|                                                           |   |                                                               |     |   |   |   |   |
| Net                                                            |   | $                                                                  | (113,700 | ) | $ | 10,577 |   |

| **11.** | **EARNINGS                PER SHARE** |
|---------|---------------------------------------|

|                                                       |   |  For                  the Three Months Ended    |       |  For                  the Six Months Ended    |   |
|------------------------------------------------------------|--------|----------------------------------------------------------------|------------|--------------------------------------------------------------|--------|
|                                                       |   |  September                  30,                 |       |  September                  30,               |   |
|                                                       |   |  2005                                                     |       |  2004                                                   |   |  2005 |   |  2004 |   |
|                                                       |   |                                                      |       |                                                    |   |    |   |    |   |
| Income                  (loss) available to common         |   |                                                      |       |                                                    |   |    |   |    |   |
| shareholders                  (Numerator)                  |   | $                                                              | (490,677   | )                                                            | $      | 17,812 |   | $ | (186,666 | ) | $ | 307,841 |   |
|                                                       |   |                                                           |       |                                                         |   |   |   |   |   |   |   |   |   |
| Weighted                  average number of common         |   |                                                           |       |                                                         |   |   |   |   |   |   |   |   |   |
| shares                  outstanding used in basic income   |   |                                                           |       |                                                         |   |   |   |   |   |   |   |   |   |
| (loss)                  per share during the period        |   |                                                           |       |                                                         |   |   |   |   |   |   |   |   |   |
| (Denominator)                                              |   |                                                           | 10,601,412 |                                                         |   | 8,722,152 |   |   | 10,530,993 |   |   | 8,722,152 |   |
|                                                       |   |                                                           |       |                                                         |   |   |   |   |   |   |   |   |   |
| Weighted                  average number of common         |   |                                                           |       |                                                         |   |   |   |   |   |   |   |   |   |
| shares                  outstanding used in diluted income |   |                                                           |       |                                                         |   |   |   |   |   |   |   |   |   |
| (loss)                  per share during the period        |   |                                                           |       |                                                         |   |   |   |   |   |   |   |   |   |
| (Denominator)                                              |   |                                                           | 10,601,412 |                                                         |   | 8,812,079 |   |   | 10,530,993 |   |   | 9,590,891 |   |

----

**IMAGENETIX,      INC.**

**Notes      to the Unaudited Consolidated Financial Statements      (Continued)**

| **12.** | **RELATED                PARTY TRANSACTIONS** |
|---------|-----------------------------------------------|

**Line      of credit**

| **13.** | **CONCENTRATIONS** |
|---------|--------------------|

| **14.** | **SUBSEQUENT                EVENT** |
|---------|-------------------------------------|

----

| **ITEM              2.** | **MANAGEMENT'S                DISCUSSION AND ANALYSIS OR PLAN OF OPERATION. ** |
|--------------------------|-------------------------------------------------------------------------------------|

**Overview**

**Critical      Accounting Policies and Estimates**

*1.*
*      Accounts receivable.*

----

*2.      Inventory*

*3.      Revenue Recognition*

*4.      Income Taxes*

*5.      Stock Options and Warrants*

----

**Results      of Operations**

*Three      Months Ended September 30, 2005 Compared to Three Months Ended September 30,      2004*

**Selected      Financial Information**

|                                                   |   | Three                    Months Ended    |      |     |   |             |   |
|--------------------------------------------------------|--------|----------------------------------------------------|-----------|---------------|--------|------------------|--------|
|                                                   |   |                                               |      |     |   |  Increase   |   |   |   |
|                                                   |   | 9/30/05                                            |      |  9/30/04 |   |  (Decrease) |   | % |   |
| Statements                    of Operations:           |   |                                               |      |     |   |        |   |   |   |
| Net                    sales                           |   | $                                                  | 2,016,000 |          | $      | 1,034,000        |   | $ | 982,000 |   |   | 95 | % |
| Cost                    of goods sold                  |   |                                               | 1,152,000 |          |   | 470,000          |   |   | 682,000 |   |   | 145 | % |
| %                    of net sales                      |   |                                               | 57        | %             |   | 45               | %      |   | 12 | % |   | 26 | % |
| Gross                    profit                        |   |                                               | 864,000   |          |   | 564,000          |   |   | 300,000 |   |   | 53 | % |
| %                    of net sales                      |   |                                               | 43        | %             |   | 55               | %      |   | -12 | % |   | -21 | % |
| Operating                    expenses                  |   |                                               |      |          |   |             |   |   |   |   |   |   |   |
| General                    and administrative          |   |                                               | 1,227,000 |          |   | 229,000          |   |   | 998,000 |   |   | 436 | % |
| Payroll                    expense                     |   |                                               | 272,000   |          |   | 125,000          |   |   | 147,000 |   |   | 118 | % |
| Consulting                    expense                  |   |                                               | 208,000   |          |   | 81,000           |   |   | 127,000 |   |   | 157 | % |
| Total                    operating expenses            |   |                                               | 1,707,000 |          |   | 435,000          |   |   | 1,272,000 |   |   | 292 | % |
| Interest                    expense                    |   |                                               | (5,000    | )             |   | (7,000           | )      |   | (2,000 | ) |   | -29 | % |
| Other                    income                        |   |                                               | 9,000     |          |   | -                |   |   | 9,000 |   |   | NM |   |
| Provision                    for (benefit from) taxes  |   |                                               | (348,000  | )             |   | 104,000          |   |   | 452,000 |   |   | NM |   |
| Net                    (loss) income                   |   |                                               | (491,000  | )             |   | 18,000           |   |   | (509,000 | ) |   | NM |   |
| Net                    (loss) income per share basic   |   |                                               | (0.05     | )             |   | -                |   |   | (0.05 | ) |   | NM |   |
| Net                    (loss) income per share diluted |   |                                               | (0.05     | )             |   | -                |   |   | (0.05 | ) |   | NM |   |

----

*Six      Months Ended September 30, 2005 Compared to Six Months Ended September 30,      2004*

**Selected      Financial Information**

|                                                     |   | Six                      Months Ended    |      |     |   |             |   |
|----------------------------------------------------------|--------|----------------------------------------------------|-----------|---------------|--------|------------------|--------|
|                                                     |   |                                               |      |     |   |  Increase   |   |   |   |
|                                                     |   | 9/30/05                                            |      |  9/30/04 |   |  (Decrease) |   | % |   |
| Statements                      of Operations:           |   |                                               |      |     |   |        |   |   |   |
| Net                      sales                           |   | $                                                  | 4,886,000 |          | $      | 2,220,000        |   | $ | 2,666,000 |   |   | 120 | % |
| Cost                      of goods sold                  |   |                                               | 2,607,000 |          |   | 1,183,000        |   |   | 1,424,000 |   |   | 120 | % |
| %                      of net sales                      |   |                                               | 53        | %             |   | 53               | %      |   | 0 | % |   | 0 | % |
| Gross                      profit                        |   |                                               | 2,279,000 |          |   | 1,037,000        |   |   | 1,242,000 |   |   | 120 | % |
| %                      of net sales                      |   |                                               | 47        | %             |   | 47               | %      |   | 0 | % |   | 0 | % |
| Operating                      expenses                  |   |                                               |      |          |   |             |   |   |   |   |   |   |   |
| General                      and administrative          |   |                                               | 1,661,000 |          |   | 347,000          |   |   | 1,314,000 |   |   | 379 | % |
| Payroll                      expense                     |   |                                               | 450,000   |          |   | 204,000          |   |   | 246,000 |   |   | 121 | % |
| Consulting                      expense                  |   |                                               | 469,000   |          |   | 154,000          |   |   | 315,000 |   |   | 205 | % |
| Total                      operating expenses            |   |                                               | 2,580,000 |          |   | 705,000          |   |   | 1,875,000 |   |   | 266 | % |
| Interest                      expense                    |   |                                               | (18,000   | )             |   | (14,000          | )      |   | 4,000 |   |   | 29 | % |
| Other                      income                        |   |                                               | 18,000    |          |   | -                |   |   | 18,000 |   |   | NM |   |
| Provision                      for (benefit from) taxes  |   |                                               | (114,000  | )             |   | 10,000           |   |   | 124,000 |   |   | NM |   |
| Net                      (loss) income                   |   |                                               | (187,000  | )             |   | 308,000          |   |   | (495,000 | ) |   | NM |   |
| Net                      (loss) income per share basic   |   |                                               | (0.02     | )             |   | 0.04             |   |   | (0.06 | ) |   | NM |   |
| Net                      (loss) income per share diluted |   |                                               | (0.02     | )             |   | 0.03             |   |   | (0.05 | ) |   | NM |   |

----

----

** Cpital      Resources**

| Working                  Capital                             |   |    |                                    |     |   |        |   |
|--------------------------------------------------------------|--------|---------|-----------------------------------------|---------------|--------|------------------|--------|
|                                                         |   |    |                                    |     |   |  Increase   |   |
|                                                         |   | 9/30/05 |                                    |  3/31/05 |   |  (Decrease) |   |
|                                                         |   |    |                                    |     |   |        |   |
| Current                  assets                              |   | $       | 5,939,000                               |          | $      | 5,546,000        |   | $ | 393,000 |   |
| Current                  liabilities                         |   |    | 1,465,000                               |          |   | 1,600,000        |   |   | (135,000 | ) |
| Working                  capital                             |   | $       | 4,474,000                               |          | $      | 3,946,000        |   | $ | 528,000 |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
| Long-term                  debt                              |   | $       | -                                       |          | $      | -                |   | $ | - |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
| Stockholders'                  equity                        |   | $       | 5,088,000                               |          | $      | 4,172,000        |   | $ | 916,000 |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
| Statements                  of Cash Flows Select Information |   |    |                                    |          |   |             |   |   |   |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
|                                                         |   |    | Six                  Months Ended  |          |   | Increase         |   |
|                                                         |   |    | 9/30/05                       |          |   | 9/30/04          |   |   | (Decrease) |   |
| Net                  cash provided by (used in):             |   |    |                                    |          |   |             |   |   |   |   |
| Operating                  activities                        |   | $       | 168,000                                 |          | $      | 141,000          |   | $ | 27,000 |   |
| Investing                  activities                        |   | $       | (110,000                                | )             | $      | (53,000          | )      | $ | (57,000 | ) |
| Financing                  activities                        |   | $       | 79,000                                  |          | $      | -                |   | $ | 79,000 |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
| Balance                  Sheet Select Information            |   |    |                                    |          |   |             |   |   |   |   |
|                                                         |   |    |                                    |          |   |             |   |   | Increase |   |
|                                                         |   |    | 9/30/05                                 |          |   | 3/31/05          |   |   | (Decrease) |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
| Cash                  and cash equivalients                  |   | $       | 2,169,000                               |          | $      | 2,031,000        |   | $ | 138,000 |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
| Accounts                  receivable                         |   | $       | 1,667,000                               |          | $      | 2,064,000        |   | $ | (397,000 | ) |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
| Inventory                                                    |   | $       | 1,670,000                               |          | $      | 1,382,000        |   | $ | 288,000 |   |
|                                                         |   |    |                                    |          |   |             |   |   |   |   |
| Accounts                  payable and accrued expenses       |   | $       | 1,399,000                               |          | $      | 862,000          |   | $ | 537,000 |   |

**Liquidity**

**New      Accounting Pronouncements**

----

**Risk      Factors**

**There      Is Only One Supplier for Celadrin®. If We Are Unable to Purchase Celadrin® from      This Supplier, Our Business Would Be Harmed. **

**We      Rely upon a Limited Number of Customers the Loss of Which Would Reduce Our      Revenue and Any Earnings. **

**We      Rely upon Other Outside Suppliers to Produce Our Products Which Could Delay      Our      Product Deliveries. **

**Product      Liability Claims Against Us Could Be Costly. **

----

**We      Are Subject to Intense Competition from Other Nutritional Supplement Marketers      Which Could Reduce Our Revenue and Profit Margins. **

**We      Are Highly Regulated, Which Increases Our Costs of Doing Business.**

|  | • | the                formulation, manufacturing, packaging, labeling, distribution,                importation, sale and storage of our                products; |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | the                health and safety of food and drugs; |
|--|---------|---------------------------------------------------------|

|  | • | trade                practice and direct selling laws; and |
|--|---------|------------------------------------------------------------|

|  | • | product                claims and advertising by us; or for which we may be held                responsible.  |
|--|---------|--------------------------------------------------------------------------------------------------------------------|

**There      Are Limitations on the Liability of Our Officers and Directors Which May      Restrict Our Stockholders from Bringing Claims. **

**Shares      of Our Common Stock Which Are Eligible for Sale by Our Stockholders May Decrease      the Price of Our Common Stock. **

**There      is a Limited but Potentially Volatile Trading Market in Our Common Stock, Which      May Adversely Affect Our Stock Price. **

|  | • | The                lack of readily available price quotations; |
|--|---------|----------------------------------------------------------------|

|  | • | The                absence of consistent administrative supervision of "bid" and "ask"                quotations; |
|--|---------|-------------------------------------------------------------------------------------------------------------------|

|  | • | Lower                trading volume; and |
|--|---------|------------------------------------------|

----

|  | • | Market                conditions. |
|--|---------|-----------------------------------|

**Because      Our Common Stock May Be Classified as "Penny Stock," Trading in it Could Be      Limited, and Our Stock Price Could Decline. **

|  | • | A                standardized risk disclosure document identifying the risks inherent                in                investment in penny stocks; |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | All                compensation received by the broker-dealer in connection with the                transaction; |
|--|---------|------------------------------------------------------------------------------------------------------------------|

|  | • | Current                quotation prices and other relevant market data; and |
|--|---------|-----------------------------------------------------------------------------|

|  | • | Monthly                account statements reflecting the fair market value of the securities.                In                addition, these rules                require that a broker-dealer obtain financial and other information                from a                customer, determine that                transactions in penny stocks are suitable for such customer and deliver                a                written statement to such                customer setting forth the basis for this determination. |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **ITEM              3.** | **CONTROLS                AND PROCEDURES.**  |
|--------------------------|---------------------------------------------------|

| ·   | Preparation                of periodic income tax provisions; |
|--------------------|---------------------------------------------------------------|

----

| ·   | Review                and recording of equity transactions, including warrant and option                valuations; |
|--------------------|---------------------------------------------------------------------------------------------------------------------|

| ·   | Certain                end of period financial reconciliations;                and |
|--------------------|------------------------------------------------------------------------------------|

| ·   | Financial                statement preparation and                disclosures. |
|--------------------|--------------------------------------------------------------------------------|

**PART      II.**
**OTHER      INFORMATION**

**ITEM      1.     LEGAL PROCEEDINGS.**

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

| (a)   | During                the six months ended September 30, 2005, we offered and/or sold the                following common stock and warrants, either for cash or in consideration                of services rendered as indicated below, without registration under                the                Securities Act of 1933, as amended, and exemption for such sales                from                registration under the Act is claimed in reliance upon the exemption                provided by Section 4(2) thereof on the basis that such offers and                sales                were transactions not involving any public offering. Appropriate                precautions against transfer have been taken, including the placing                of a                restrictive legend on all certificates evidencing such securities.                All                such sales were effected without the aid of underwriters, and no                sales                commissions were paid. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                |   |                          |                              |                              |   | Aggregate                         |   | Purchase                  Price |                              |   |   |
|-------------------------------------|--------|-------------------------------|-----------------------------------|-----------------------------------|--------|-----------------------------------|--------|---------------------------------|-----------------------------------|--------|--------|
| Name                                |   | Date                  of Sale |                              | Number                  of Shares |   | Purchase                  Price   |   | per                  Share      |                              |   |   |
|                                |   |                          |                              |                              |   |                              |   |                            |                              |   |   |
| John                  Turner        |   |                          | 7/1/2005                          |                              |   | 25,000                            |   | $                               | 48,750.00                         |   | $      | 1.95 |   |   | Services |   |
| William                  Fleet      |   |                          | 7/1/2005                          |                              |   | 5,000                             |   | $                               | 9,750.00                          |   | $      | 1.95 |   |   | Services |   |
| He                  Zhang           |   |                          | 7/1/2005                          |                              |   | 15,000                            |   | $                               | 29,250.00                         |   | $      | 1.95 |   |   | Services |   |
|                                |   |                          |                              |                              |   |                              |   |                            |                              |   |   |   |   |   |   |   |
|                                |   |                          |                              |                              |   |                              |   |                            |                              |   |   |   |   |   |   |   |
|                                |   |                          |                              |                              |   |                              |   |                            | Exercise                    Price |   |   | Expiration |   |   |   |   |
| Warrant                  Holder     |   |                          | Date                  of Issuance |                              |   | Number                  of Shares |   |                            | per                  Share        |   |   | Date |   |   |   |   |
|                                |   |                          |                              |                              |   |                              |   |                            |                              |   |   |   |   |   |   |   |
| Dean                  Mosca         |   |                          | 06/02/05                          |                              |   | 25,000                            |   |                            | 3.45                              |   |   | 06/01/10 |   |   |   |   |
| He                  Zhang           |   |                          | 07/01/05                          |                              |   | 35,000                            |   |                            | 1.50                              |   |   | 05/31/10 |   |   |   |   |
| William                  Fleet      |   |                          | 07/01/05                          |                              |   | 15,000                            |   |                            | 1.50                              |   |   | 05/31/10 |   |   |   |   |
| John                  Turner        |   |                          | 07/01/05                          |                              |   | 30,000                            |   |                            | 1.50                              |   |   | 05/31/10 |   |   |   |   |
| Johnathan                  Greenhut |   |                          | 07/01/05                          |                              |   | 10,000                            |   |                            | 1.95                              |   |   | 05/31/10 |   |   |   |   |
| Maurile                  Tremblay   |   |                          | 07/01/05                          |                              |   | 25,000                            |   |                            | 1.95                              |   |   | 05/31/10 |   |   |   |   |
| Gordon                  Ross        |   |                          | 07/01/05                          |                              |   | 10,000                            |   |                            | 1.95                              |   |   | 05/31/10 |   |   |   |   |
|                                |   |                          |                              |                              |   |                              |   |                            |                              |   |   |   |   |   |   |   |

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**ITEM      6.**
**EXHIBITS.**

| (a)   | Exhibits                - |
|-----------------|---------------------------|

| **Exhibit                No.** |   | **Title**** **                                                                                  |   |   |
|--------------------------------|--------|------------------------------------------------------------------------------------------------------|--------|--------|
|  31.1                     |   |  302                Certification of William P. Spencer, Chief Executive                Officer |   |   |
|  31.2                     |   |  302                Certification of Lowell W. Giffhorn, Chief Financial                Officer |   |   |
|  32.1                     |   |  906                Certification of William P. Spencer, Chief Executive                Officer |   |   |
|  32.2                     |   |  906                Certification of Lowell W. Giffhorn, Chief Financial                Officer |   |   |

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**SIGNATURES**

|                                  |                                                                                                       |                                |
|---------------------------------------|------------------------------------------------------------------------------------------------------------|-------------------------------------|
|                                  | IMAGENETIX,                INC. a                Nevada corporation                                        |
|                             |                                                                                                  |                           |
| Date: June              28, 2006 | By:                                                                                              | /s/              WILLIAM P. SPENCER |
|                                  | William              P. Spencer                                                                            |
|                                  | Chief                Executive Officer                                                                     |
|                                  |                                                                                                       |
|                                  | (Principal                Executive and duly authorizedto                sign on behalf of the Registrant) |

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