SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                           FORM 10-KSB
(Mark One)
[X]          ANNUAL REPORT UNDER SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934

                    For the fiscal year ended
                        December 31, 2001
   OR
[  ]       TRANSITION REPORT PURSUANT TO SECTION 13 OR
           15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the transition period from               to

                 Commission file number  0-29695

                        INJET CORPORATION
       (Exact name of small business issuer in its charter)

                 CALIPER ACQUISITION CORPORATION
      (Former name of small business issuer in its charter)

       Delaware                                  52-2217568
(State or other jurisdiction of                (I.R.S. Employer
incorporation or organization)               Identification No.)

           1504 R Street, N.W., Washington, D.C. 20009
       (Address of principal executive offices)  (zip code)

       Issuer's Telephone Number:     202/387-5400


Securities registered under Section 12(g) of the Exchange Act:
Common Stock, $.0001 par value per share

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the last 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.

Yes   X     No

Check if there is no disclosure of delinquent filers in response to Item 405
of Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB.  [  ]

State issuer's revenues for its most recent fiscal year.
                      $ 0.

State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at
which the common equity was sold, or the average bid and asked price
of such common equity, as of a specified date within the past 60 days.
                      $ 0.

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.

Class                               Outstanding at December 31, 2001

Common Stock, par value $0.0001                    5,000,000

Documents incorporated by reference:    None



                                PART I

Item 1.  Description of Business

     Caliper Acquisition Corporation (the "Company") was incorporated
on March 24, 1999 under the laws of the State of Delaware to engage in
any lawful corporate undertaking, including, but not limited to, selected
mergers and acquisitions. The Company has been in the developmental
stage since inception and has no operations to date other than issuing
shares to its original shareholder.

     On January 7, 2002, in anticipation of an acquisition of a majority
interest in Vapotronics, Inc., San Diego, California, the Company
changed its name to Injet Corporation.  As of the date of this report, no
final agreements have been entered into in regard to Vapotronics, Inc.
and the Company is unclear if negotiations will continue or, if
negotiations do continue, what the result will be.

     The Company's purpose is to seek, investigate and, if such
investigation warrants, acquire an interest in a business entity which
desires to seek the perceived advantages of a corporation which has a
class of securities registered under the Exchange Act.  The Company will
not restrict its search to any specific business, industry, or geographical
location and it may participate in a business venture of virtually any kind
or nature.  Management anticipates that it will be able to participate in
only one potential business venture because the Company has nominal
assets and limited financial resources.

     The Company registered its common stock on a Form 10-SB
registration statement filed pursuant to the Securities Exchange Act of
1934 (the "Exchange Act") and Rule 12(g) thereof.  The Company files
with the Securities and Exchange Commission periodic and current
reports under Rule 13(a) of the Exchange Act, including quarterly
reports on Form 10-QSB and annual reports Form 10-KSB.

Item 2.  Description of Property

     The Company has no properties and at this time has no agreements to
acquire any properties.  The Company currently uses the offices of
management at no cost to the Company.  Management has agreed to
continue this arrangement until the Company completes a business
combination.

Item 3.  Legal Proceedings

     There is no litigation pending or threatened by or against the
Company.

Item 4.  Submission of Matters to a Vote of Security Holders

     No matter was submitted to a vote of security holders, through the
solicitation of proxies or otherwise, during the fourth quarter of the
fiscal year covered by this report.

                               PART II

Item 5.  Market for Common Equity and Related Stockholder Matters

     There is currently no public market for the Company's securities.

     Following a business combination, a target company will normally
wish to cause the Company's common stock to trade in one or more
United States securities markets.  The target company may elect to take
the steps required for such admission to quotation following the business
combination or at some later time.

     At such time as it qualifies, the Company may choose to apply for
quotation of its securities on the NASD OTC Bulletin Board.

     The NASD OTC Bulletin Board is a dealer-driven quotation service.
Unlike the Nasdaq Stock Market, companies cannot directly apply to be
quoted on the NASD OTC Bulletin Board, only market makers can
initiate quotes, and quoted companies do not have to meet any
quantitative financial requirements.  Any equity security of a reporting
company not listed on the Nasdaq Stock Market or on a national
securities exchange is eligible.

     As such time as it qualifies, the Company may choose to apply for
quotation of its securities on the Nasdaq SmallCap Market.

     In order to qualify for listing on the Nasdaq SmallCap Market, a
company must have at least (i) net tangible assets of $4,000,000 or
market capitalization of $50,000,000 or net income for two of the last
three years of $750,000; (ii) a public float of 1,000,000 shares with a
market value of $5,000,000; (iii) a bid price of $4.00; (iv) three market
makers; (v) 300 shareholders and (vi) an operating history of one year or,
if less than one year, $50,000,000 in market capitalization.  For
continued listing on the Nasdaq SmallCap Market, a company must have
at least (i) net tangible assets of $2,000,000 or market capitalization of
$35,000,000 or net income for two of the last three years of $500,000;
(ii) a public float of 500,000 shares with a market value of $1,000,000;
(iii) a bid price of $1.00; (iv) two market makers; and (v) 300
shareholders.

     In general there is greatest liquidity for traded securities on the
Nasdaq SmallCap Market and less on the NASD OTC Bulletin Board.  It
is not possible to predict where, if at all, the securities of the Company
will be traded following a business combination.

     During the past three years, the Company has sold securities which
were not registered as follows:

                                         Number of
     Date             Name               Shares         Consideration

 March 25, 1999      TPG Capital        5,000,000        $500
                    Corporation(1)
     ________

     (1)  Mr. Cassidy, the president and sole director of the Company, is
the sole director and controlling shareholder of TPG Capital Corporation
and is therefore considered to be the beneficial owner of the common
stock of the Company issued to it.

Item 6.  Management's Discussion and Analysis or Plan of Operation

     The Company will attempt to locate and negotiate with a business
entity for the combination of that target company with the Company.
The combination will normally take the form of a merger, stock-for-stock
exchange or stock-for-assets exchange (the "business combination").  In
most instances the target company will wish to structure the business
combination to be within the definition of a tax-free reorganization under
Section 351 or Section 368 of the Internal Revenue Code of 1986, as
amended.  No assurances can be given that the Company will be
successful in locating or negotiating with any target business.

     The Company has not restricted its search for any specific kind of
businesses, and it may acquire a business which is in its preliminary or
development stage, which is already in operation, or in essentially any
stage of its business life. It is impossible to predict the status of any
business in which the Company may become engaged, in that such
business may need to seek additional capital, may desire to have its
shares publicly traded, or may seek other perceived advantages which
the Company may offer.

     In implementing a structure for a particular business acquisition, the
Company may become a party to a merger, consolidation, reorganization,
joint venture, or licensing agreement with another corporation or entity.

     It is anticipated that any securities issued in any such business
combination would be issued in reliance upon exemption from
registration under applicable federal and state securities laws.  In some
circumstances, however, as a negotiated element of its transaction, the
Company may agree to register all or a part of such securities
immediately after the transaction is consummated or at specified times
thereafter.  If such registration occurs, it will be undertaken by the
surviving entity after the Company has entered into an agreement for a
business combination or has consummated a business combination.  The
issuance of additional securities and their potential sale into any trading
market which may develop in the Company's securities may depress the
market value of the Company's securities in the future if such a market
develops, of which there is no assurance.

     The Company will participate in a business combination only after the
negotiation and execution of appropriate agreements.  Negotiations with
a target company will likely focus on the percentage of the Company
which the target company shareholders would acquire in exchange for
their shareholdings.  Although the terms of such agreements cannot be
predicted, generally such agreements will require certain representations
and warranties of the parties thereto, will specify certain events of
default, will detail the terms of closing and the conditions which must be
satisfied by the parties prior to and after such closing and will include
miscellaneous other terms.  Any merger or acquisition effected by the
Company can be expected to have a significant dilutive effect on the
percentage of shares held by the Company's shareholders at such time.

     The Company has entered into an agreement with TPG Capital
Corporation, its sole shareholder, to supervise the search for target
companies as potential candidates for a business combination.  The
agreement will continue until such time as the Company has effected a
business combination.  TPG Capital Corporation has agreed to pay all
expenses of the Company until such time as a business combination is
effected, without repayment.  James M. Cassidy, the sole officer and
director of the Company, is the sole officer and director and controlling
shareholder of TPG Capital Corporation.

     The Company does not anticipate expending funds itself for locating
a target company.  James M. Cassidy, the officer and director of the
Company, provides his services without charge or repayment.  The
Company will not borrow any funds to make any payments to the
Company's management, its affiliates or associates.  If TPG Capital
Corporation stops or becomes unable to continue to pay the Company's
operating expenses, the Company may not be able to timely make its
periodic reports required under the Exchange Act nor to continue to
search for an acquisition target.

     TPG Capital Corporation may only locate potential target companies
for the Company and is not authorized to enter into any agreement with a
potential target company binding the Company. TPG Capital Corporation
may provide assistance to target companies incident to and following a
business combination, and receive payment for such assistance from
target companies. The agreement with TPG Capital Corporation is not
exclusive and the Company may enter into similar agreements with
other persons or entities.

     The Board of Directors has passed a resolution which contains a
policy that the Company will not seek a business combination with any
entity in which the Company's officer, director, shareholders or any
affiliate or associate serves as an officer or director or holds any
ownership interest.

Item 7.  Financial Statements

     The financial statements for the year ended December 31, 2001 are
attached to this filing.

Item 8.   Changes in and Disagreements with Accountants
               on Accounting and Financial Disclosure

     There were no changes in or disagreements with accountants on
accounting and financial disclosure for the period covered by this report.


                               PART III

Item 9.   Directors, Executive Officers, Promoters and Control Persons;
              Compliance with Section 16(a) of the Exchange Act

     The Directors and Officers of the Company are as follows:

  Name              Age            Positions and Offices Held

 James M. Cassidy    66             President, Secretary, Director

     There are no agreements or understandings for the officer or director
to resign at the request of another person and the above-named officer
and director is not acting on behalf of nor will act at the direction of any
other person.

     Set forth below is the name of the director and officer of the
Company, all positions and offices with the Company held, the period
during which he has served as such, and the business experience during at
least the last five years:

     James Michael Cassidy, Esq., LL.B., LL.M., received a Bachelor of
Science in Languages and Linguistics from Georgetown University in
1960, a Bachelor of Laws from The Catholic University School of Law in
1963, and a Master of Laws in Taxation from The Georgetown
University School of Law in 1968. From 1963-1964, Mr. Cassidy was
law clerk to the Honorable Inzer B. Wyatt of the United States District
Court for the Southern District of New York. From 1964-1965, Mr.
Cassidy was law clerk to the Honorable Wilbur K. Miller of the United
States Court of Appeals for the District of Columbia.  From 1969-1975,
Mr. Cassidy was an associate of the law firm of Kieffer & Moroney and a
principal in the law firm of Kieffer & Cassidy, Washington, D.C.  From
1975 to date, Mr. Cassidy has been a principal in the law firm of Cassidy
& Associates, Washington, D.C. and its predecessors, specializing in
securities law and related corporate and federal taxation matters. Mr.
Cassidy is a member of the bars of the District of Columbia and the State
of New York and is admitted to practice before the United States Tax
Court and the United States Supreme Court.

     On June 4, 2001, without admitting or denying any wrongdoing,
James M. Cassidy, the sole director and executive officer of the
Company, and TPG Capital Corporation, a corporation controlled by Mr.
Cassidy, consented to the issuance of an order by the Securities and
Exchange Commission to cease and desist from committing or causing
any violation and any future violation of Section 10(b) of the Securities
Exchange Act of 1934 ("1934 Act") and Rule 10b-5 thereunder and from
causing any violation and future violation of Section 13(a) of the 1934
Act and Rules 13a-13 and 12b-20 thereunder in connection with
arranging reverse mergers between reporting companies that they
controlled and issuers facing possible delisting from the NASD OTC
Bulletin Board.

     Specifically, the Securities and Exchange Commission said that Mr.
Cassidy and TPG had filed amended registration statements for five
reporting companies that wrongly stated that the companies were not
engaged at that time in negotiations with specific entities regarding a
possible business combination.  Three of these companies also filed
periodic reports under the 1934 Act, which the Securities and Exchange
Commission said wrongly stated that they were not engaged at that time
in merger negotiations.  TPG Capital Corporation also agreed to consent,
without admitting or denying any wrongdoing, to the payment of a civil
penalty.

     These actions did not involve the Company.

Other Similar Companies

     James M. Cassidy, the president of the Company, has been and is
currently involved with companies similar to this one.  The initial business
purpose of each of these companies was or is to engage in a business
combination with an unidentified company or companies.

Conflicts of Interest

     A conflict may arise in the event that a similar company with which
Mr. Cassidy is affiliated also actively seeks a target company.  It is
anticipated that target companies will be located for the Company and
other similar companies in chronological order of the date of formation of
such companies or, in the case of companies formed on the same date,
alphabetically.  However, other companies may differ from the Company
in certain items such as place of incorporation, number of shares and
shareholders, working capital, types of authorized securities, or other
items.  It may be that a target company may be more suitable for or may
prefer a certain company formed after the Company.  In such case, a
business combination might be negotiated on behalf of the more suitable
or preferred similar company regardless of date of formation.

     Mr. Cassidy is the principal of Cassidy & Associates, a law firm
located in Washington, D.C. As such, demands may be placed on the
time of Mr. Cassidy which would detract from the amount of time he is
able to devote to the Company.  Mr. Cassidy intends to devote as much
time to the activities of the Company as required.  However, should such
a conflict arise, there is no assurance that Mr. Cassidy would not attend
to other matters prior to those of the Company.

     The terms of business combination may include such terms as Mr.
Cassidy remaining a director or officer of the Company and/or the
continuing securities or other legal work of the Company being handled
by the law firm of which Mr. Cassidy is the principal.  The terms of a
business combination may provide for a payment by cash or otherwise to
TPG Capital Corporation by a target business for the purchase of all or
some of the common stock of the Company owned by TPG Capital
Corporation.  Mr. Cassidy would directly benefit from such employment
or payment. Such benefits may influence Mr. Cassidy's choice of a target
business.

     The Company will not enter into a business combination, or acquire
any assets of any kind for its securities, in which management or
promoters of the Company or any affiliates or associates have any
interest, direct or indirect.

     There are no binding guidelines or procedures for resolving potential
conflicts of interest. Failure by management to resolve conflicts of
interest in favor of the Company could result in liability of management
to the Company.  However, any attempt by shareholders to enforce a
liability of management to the Company would most likely be
prohibitively expensive and time consuming.

Item 10.  Executive Compensation

     The Company's officer and director does not receive any
compensation for his services rendered to the Company, nor has he
received such compensation in the past.  The officer and director is not
accruing any compensation pursuant to any agreement with the
Company.  However, the officer and director of the Company anticipates
receiving benefits as a beneficial shareholder of the Company and as a
principal of TPG Capital Corporation.

     No retirement, pension, profit sharing, stock option or insurance
programs or other similar programs have been adopted by the Company
for the benefit of its employees.  Item 11.  Security Ownership of Certain
Beneficial Owners and Management

     The following table sets forth, as of December 31, 2001, each person
known by the Company to be the beneficial owner of five percent or
more of the Company's common stock and the director and officer of the
Company.  Except as noted, the holder thereof has sole voting and
investment power with respect to the shares shown.

     Name and Address              Amount of Beneficial        Percent of
     of Beneficial Owner                Ownership              Outstanding
                                                                  Stock
     --------------------             ------------           -----------
     TPG Capital Corporation            5,000,000                 100%
     1504 R Street, N.W.
     Washington, D.C. 20009

     James M. Cassidy(1)                 5,000,000                100%
     1504 R Street, N.W.
     Washington, D.C. 20009

     All Executive Officers and
     Directors as a Group
     (1 Person)                           5,000,000                100%


(1)  Mr. Cassidy is the sole director and controlling shareholder of TPG
Capital Corporation and is therefore considered the beneficial owner of
the shares of common stock owned by it.

Item 12.  Certain Relationships and Related Transactions

     On March 25, 1999, the Company issued a total of 5,000,000 shares
of Common Stock to the following entity for a total of $500 in cash:

                                  Number of                Total
     Name                           Shares              Consideration
     ----------------            ----------               --------------

 TPG Capital Corporation           5,000,000               $500

     The Board of Directors has passed a resolution which contains a
policy that the Company will not seek an acquisition or merger with any
entity in which the Company's officer, director or shareholder or their
affiliates or associates serve as officer or director or hold any ownership
interest.  Management is not aware of any circumstances under which
this policy may be changed.

Item 13.  Exhibits and Reports on Form 8-K

     (a)  Exhibits

     (b)  There were no reports on Form 8-K filed by the Company during
the quarter ended December 31, 2001.


                              SIGNATURES


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

                            INJET CORPORATION


                         By:   /s/ James M. Cassidy
                                   James M. Cassidy, President

Dated: April 10, 2002


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

NAME                          OFFICE              DATE

/s/ James M. Cassidy          Director            April 10, 2002




INJET CORPORATION
(FORMERLY CALIPER ACQUISITION CORPORATION)
(A DEVELOPMENT STAGE COMPANY)
FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2001




<PAGE>

                         INJET CORPORATION
             (FORMERLY CALIPER ACQUISITION CORPORATION)
                   (A DEVELOPMENT STAGE COMPANY)



                              CONTENTS



PAGE    1   INDEPENDENT AUDITORS' REPORT

PAGE    2   BALANCE SHEET AS OF DECEMBER 31, 2001

PAGE    3   STATEMENTS OF OPERATIONS FOR THE YEARS ENDED
            DECEMBER 31, 2001 AND 2000 AND FOR THE PERIOD FROM
            MARCH 24, 1999 (INCEPTION) TO DECEMBER 31, 2001

PAGE   4    STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY FOR
            THE PERIOD FROM MARCH 24, 1999 (INCEPTION) TO
            DECEMBER 31, 2001

PAGE   5    STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED
            DECEMBER 31, 2001 AND 2000 AND FOR THE PERIOD FROM
            MARCH 24, 1999 (INCEPTION) TO DECEMBER 31, 2001

PAGES  6 - 9  NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31,
              2001

<PAGE>



                    INDEPENDENT AUDITORS' REPORT

To the Board of Directors of:
Injet Corporation
(Formerly Caliper Acquisition Corporation)
(A Development Stage Company)

We have audited the accompanying balance sheet of Injet Corporation
(formerly Caliper Acquisition Corporation) (a development stage company)
as of December 31, 2001 and the related statements of operations,
changes in stockholder's equity and cash flows for the years
ended December 31, 2001 and 2000 and for the period from March 24,
1999 (inception) to December 31, 2001. These financial statements are
the responsibility of the Company's management.  Our responsibility is to
express an opinion on these financial statements based on our audit.

We conducted our audits in accordance with auditing standards generally
accepted in the United States of America.  Those standards require that
we plan and perform the audits to obtain reasonable assurance about
whether the financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements.  An audit also
includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statement presentation.  We believe that our audits provide
a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly
in all material respects, the financial position of Injet Corporation
(a development stage company) as of December 31, 2001, and the results
of its operations and its cash flows for the for the years ended
December 31, 2001 and 2000 and for the period from March 24, 1999 (inception)
to December 31, 2001 in conformity with accounting principles generally
accepted in the United States of America.


WEINBERG & COMPANY, P.A.


Boca Raton, Florida
February 7, 2002

<PAGE>


                         INJET CORPORATION
             (FORMERLY CALIPER ACQUISITION CORPORATION)
                   (A DEVELOPMENT STAGE COMPANY)
                            BALANCE SHEET
                        AS OF DECEMBER 31, 2001



                               ASSETS
  Cash                                            $2,022

  TOTAL ASSETS                                    $2,022
  ---------------                               ---------



                LIABILITIES AND STOCKHOLDER'S EQUITY

   LIABILITIES                                     $-
                                                ---------
   STOCKHOLDER'S EQUITY

   Preferred Stock, $.0001 par value,
    20,000,000 shares authorized,
    none issued and outstanding                     -
  Common Stock, $.0001 par value,
    100,000,000 shares authorized,
    5,000,000 issued and outstanding                 500
  Additional paid-in capital                        2,095
  Deficit accumulated during development stage       (573)
                                                  ---------
  Total Stockholder's Equity                        2,022
                                                  ---------
  TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY       $2,022
                                                  ---------

             See accompanying notes to financial statements.
                                 2

<PAGE>


                         INJET CORPORATION
             (FORMERLY CALIPER ACQUISITION CORPORATION)
                   (A DEVELOPMENT STAGE COMPANY)
                       STATEMENT OF OPERATIONS

                                                        For the Period
                                                             From
                            For the Year   For the Year   March 24, 1999
                               Ended           Ended      (Inception) to
                            December 31,   December 31,   December 31,
                                2001           2000           2001
                            ------------   ------------   -------------

  Income                       $  -            $  -            $  -

  Expenses
    Administrative expenses       38              -              573
                            ------------   ------------   -------------

     Total expenses               38              -              573
                            ------------   ------------   -------------
  NET LOSS                     $ (38)          $  -            $(573)
                            ------------   ------------   -------------



                  See accompanying notes to financial statements.
                                     3

<PAGE>



                              INJET CORPORATION
                 (FORMERLY CALIPER ACQUISITION CORPORATION)
                         (A DEVELOPMENT STAGE COMPANY)
               STATEMENT OF CHANGES IN STOCKERHOLDER'S EQUITY
                FOR THE PERIOD FROM MARCH 24, 1999 (INCEPTION)
                              TO DECEMBER 31, 2001


                                                       Accumulated
                                           Additional    During
                   Common Stock Issued      Paid-In     Development
                    Shares      Amount      Capital       Stage        Total
                    -------     ------      -------      --------     ------

Common Stock
   Issuance        5,000,000    $  500       $  -         $  -        $  500

Fair value of
  expenses
  contributed          -            -           535           -           535

Capital
  contribution         -            -         1,560           -         1,560

Net loss for the
   years ended:
  December 31, 1999    -            -            -            (535)      (535)
  December 31, 2000    -            -            -             -           -
  December 31, 2001    -            -            -             (38)       (38)
                    -------      ------       -------       --------     ------
BALANCE AT DECEMBER
   31, 2001         5,000,000    $  500       $2,095        $  (573)     $2,022
                    -------      ------       -------        --------    ------


                     See accompanying notes to financial statements.
                                          4
<PAGE>


                              INJET CORPORATION
                 (FORMERLY CALIPER ACQUISITION CORPORATION)
                         (A DEVELOPMENT STAGE COMPANY)
                            STATEMENT OF CASH FLOWS

                                                        For the Period
                                                             From
                            For the Year   For the Year   March 24, 1999
                               Ended           Ended      (Inception) to
                            December 31,   December 31,   December 31,
                                2001           2000           2001
                            ------------   ------------   -------------

CASH FLOWS FROM OPERATING
     ACTIVITIES:

Net loss                       $  (38)         $   -         $   (573)
Adjustment to reconcile
  net loss to net cash used
  in operating activities

  Contributed expenses             -               -              535
                            ------------   ------------   -------------
  Net Cash Used in
     Operating Activities          (38)            -              (38)
                            ------------   ------------   -------------

CASH FLOWS FROM INVESTING
      ACTIVITIES:                  -               -              -
                            ------------   ------------   -------------
CASH FLOWS FROM FINANCING
      ACTIVITIES:

   Proceeds from capital
     contributions              1,560              -           1,560
   Proceeds from issuance
     of common stock               -               -             500
                            ------------   ------------   -------------
    Net Cash Provided By
       Financing Activities     1,560              -           2,060
                            ------------   ------------   -------------

INCREASE IN CASH AND CASH
      EQUIVALENTS               1,522              -           2,022

CASH AND CASH EQUIVALENTS--
      BEGINNING OF PERIOD         500             500             -
                            ------------   ------------   -------------
CASH AND CASH EQUIVALENTS--
      END OF PERIOD           $  2,022      $     500       $  2,022
                            ------------   ------------   -------------

                    See accompanying notes to financial statements.
                                        5
<PAGE>


                              INJET CORPORATION
                 (FORMERLY CALIPER ACQUISITION CORPORATION)
                         (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                             AS OF DECEMBER 31, 2001


NOTE 1   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(A) Organization and Business Operations

Injet Corporation (a development stage company) (the "Company") was
incorporated in Delaware on March 24, 1999 to serve as a vehicle to
effect a merger, exchange of capital stock, asset acquisition or
other business combination with a domestic or foreign private business.
At December 31, 2001, the Company had not yet commenced any formal
business operations, and all activity to date relates to the
Company's formation.  The Company's fiscal year end is December 31.

The Company's ability to commence operations is contingent upon its
ability to identify a prospective target business.

(B) Use of Estimates

The preparation of the financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of revenues and
expenses during the reporting period.  Actual results could differ
from those estimates.

(C) Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all
highly liquid investments purchased with an original maturity of three
months or less to be cash equivalents.

(D) Income Taxes

The Company accounts for income taxes under the Financial Accounting
Standards Board of Financial Accounting Standards No. 109, "Accounting
for Income Taxes" ("Statement 109"). Under Statement 109, deferred tax
assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying
amounts of existing assets and liabilities and their respective tax
basis. Deferred tax assets and liabilities are measured using enacted
tax rates expected to apply to taxable income in the years in which
those temporary differences are expected to be recovered or settled.
Under Statement 109, the effect on deferred tax assets and liabilities
of a change in tax rates is recognized in income in the period that
includes the enactment date. There were no current or deferred income
tax expense or benefits due to the Company not having any material
operations for the years ended December 31, 2001 and 2000.

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(E) New Accounting Pronouncements

The Financial Accounting Standards Board has recently issued several
new Statements of Financial Accounting Standards.  Statement No. 141,
"Business Combinations" supersedes APB Opinion 16 and various related
pronouncements.  Pursuant to the new guidance in Statement No. 141,
all business combinations must be accounted for under the purchase
method of accounting; the pooling-of-interests method is no longer
permitted.  SFAS 141 also establishes new rules concerning the recognition
of goodwill and other intangible assets arising in a purchase business
combination and requires disclosure of more information concerning a
business combination in the period in which it is completed.  This
statement is generally effective for business combinations initiated on
or after July 1, 2001.

Statement No. 142, "Goodwill and Other Intangible Assets" supercedes
APB Opinion 17 and related interpretations.  Statement No. 142 establishes
new rules on accounting for the acquisition of intangible assets not
acquired in a business combination and the manner in which goodwill
and all other intangibles should be accounted for subsequent to their
initial recognition in a business combination accounted for under SFAS
No. 141.  Under SFAS No. 142, intangible assets should be recorded at fair
value. Intangible assets with finite useful lives should be amortized over
such period and those with indefinite lives should not be amortized.
All intangible assets being amortized as well as those that are not, are
both subject to review for potential impairment under SFAS No. 121,
"Accounting for the Impairment of Long-Lived Assets and for Long-Lived
Assets to be Disposed of". SFAS No. 142 also requires that goodwill arising
in a business combination should not be amortized but is subject to
impairment testing at the reporting unit level to which the goodwill
was assigned to at the date of the business combination.

SFAS No. 142 is effective for fiscal years beginning after December 15,
2001 and must be applied as of the beginning of such year to all goodwill
and other intangible assets that have already been recorded in the balance
sheet as of the first day in which SFAS No. 142 is initially applied,
regardless of when such assets were acquired.  Goodwill acquired in a
business combination whose acquisition date is on or after July 1, 2001,
should not be amortized, but should be reviewed for impairment pursuant
to SFAS No. 121, even though SFAS No. 142 has not yet been adopted.
However, previously acquired goodwill should continue to be amortized
until SFAS No. 142 is first adopted.

Statement No. 143 "Accounting for Asset Retirement Obligations" establishes
standards for the initial measurement and subsequent accounting for
obligations associated with the sale, abandonment, or other type of
disposal of long-lived tangible assets arising from the acquisition,
construction, or development and/or normal operation of such assets.
SFAS No. 143 is effective for fiscal years beginning after June 15, 2002,
with earlier application encouraged.

                                  7

The adoption of these pronouncements will not have a material effect on
the Company's financial position or results of operations.

NOTE 2   STOCKHOLDER'S EQUITY

(A) Preferred Stock

The Company is authorized to issue 20,000,000 shares of preferred stock
at $.0001 par value, with such designations, voting and other rights
and preferences as may be determined from time to time by the
Board of Directors.

(B) Common Stock

The Company is authorized to issue 100,000,000 shares of common
stock at $.0001 par value.  The Company issued 5,000,000 shares of
its common stock to TPG Capital Corporation ("TPG") pursuant
to Rule 506 for an aggregate consideration of $500.

(C) Additional Paid-In Capital

Additional paid-in capital at December 31, 2001 represents $1,560
contributed to the Company by TPG in 2001 and the fair value of the
organization and professional costs incurred by TPG on behalf of the
Company amounting to $535 in 1999 (See Note 3).

NOTE 3   AGREEMENT

On March 24, 1999, the Company signed an agreement with TPG, a
related entity (See Note 4).  The Agreement calls for TPG to
provide the following services, without reimbursement from the
Company, until the Company enters into a business combination
as described in Note 1(A):

 1.   Preparation and filing of required documents with the
       Securities and Exchange Commission.
 2.   Location and review of potential target companies.
 3.   Payment of all corporate, organizational, and other costs incurred
        by the Company.

NOTE 4    RELATED PARTIES

Legal counsel to the Company is a firm owned by a director of the
Company who also owns a controlling interest in the outstanding
stock of TPG (See Note 3).

                              8

NOTE 5    SUBSEQUENT EVENTS

On January 7, 2002, in anticipation of  an acquisition of a majority
interest in Vapotronics, Inc., a California corporation, the Company
changed its name to Injet Corporation. As of the date of this
report, no final agreements have been entered into in regard to
Vapotronics, Inc. and the Company is unclear if negotiations will
continue or, if negotiations do continue, what the result will be.

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