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**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**FORM      10-KSB-AMENDED**

**Item      6: Management's Discussion & Analysis of Financial Condition and Results of      Operations; and**

**Item      7: Financial Statements**

| x | Annual                Report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 for the fiscal year ended December 31,                2006 |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o | Transition                Report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 for the transition period from                ___to___ |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Commission      File Number 0-29711**

**Subjex      Corporation**

| **Minnesota**                                                                 | **41-1596056**                                   |
|-------------------------------------------------------------------------------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) | (IRS                Employer Identification No.) |
|                                                                          |                                             |
| **3245                Hennepin Ave S Suite 1, Minneapolis MN**                | **55408**                                        |
| (Address                of Principal Executive Offices)                       | (Zip                Code)                        |

**(612)      827-2203**

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

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

**x    **

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**ITEM      6:  Management's Discussion & Analysis of Financial Condition and      Results of Operations**

**Liquidity      and Capital Resources**

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**ITEM      7: Financial Statements**

|                                                                                                                                                                                                                                              |   | December                31,2006 |       |   | December                31,2005 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|------------|--------|---------------------------------|--------|
|                                           ASSETS                                                                |   |                            |       |   |                            |   |
| Current                Assets:                                                                                                                                                                                                                    |   |                            |       |   |                            |   |
| Cash                                                                                                                                                                                                                                              |   | $                               | 96,835     |   |                            | $      | 2,215 |   |
| Accounts                receivable                                                                                                                                                                                                                |   |                            | -          |   |                            |   | 150 |   |
| Prepaid                expenses                                                                                                                                                                                                                   |   |                            | 8,395      |   |                            |   | 19,045 |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Total                current assets                                                                                                                                                                                                               |   |                            | 105,230    |   |                            |   | 21,410 |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Property                and Equipment, net                                                                                                                                                                                                        |   |                            | 13,676     |   |                            |   | 17,370 |   |
| Other                Assets, net                                                                                                                                                                                                                  |   |                            | 8,101      |   |                            |   | - |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Total                assets                                                                                                                                                                                                                       |   | $                               | 127,007    |   |                            | $      | 38,780 |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| LIABILITIES                AND STOCKHOLDERS' DEFICIT                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Current                Liabilities:                                                                                                                                                                                                               |   |                            |       |   |                            |   |   |   |
| Short-term                notes payable                                                                                                                                                                                                           |   | $                               | 58,634     |   |                            | $      | 32,150 |   |
| Subordinated                convertible notes payable                                                                                                                                                                                             |   |                            | 23,000     |   |                            |   | 23,000 |   |
| Current                portion of long -term debt                                                                                                                                                                                                 |   |                            | -          |   |                            |   | 1,873 |   |
| Accounts                payable                                                                                                                                                                                                                   |   |                            | 77,985     |   |                            |   | 92,281 |   |
| Accrued                expenses:                                                                                                                                                                                                                  |   |                            |       |   |                            |   |   |   |
| Payroll                and payroll taxes                                                                                                                                                                                                          |   |                            | 11,226     |   |                            |   | 129,373 |   |
| Refunds                payable                                                                                                                                                                                                                    |   |                            | 82,000     |   |                            |   | - |   |
| Interest                                                                                                                                                                                                                                          |   |                            | 20,783     |   |                            |   | 17,909 |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Total                current liabilities                                                                                                                                                                                                          |   |                            | 273,628    |   |                            |   | 296,586 |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Long-term                Debt:                                                                                                                                                                                                                    |   |                            |       |   |                            |   |   |   |
| Long-term                debt, less current portion                                                                                                                                                                                               |   |                            | -          |   |                            |   | 20,611 |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Total                liabilities                                                                                                                                                                                                                  |   |                            | 273,628    |   |                            |   | 317,197 |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Stockholders'                Deficit:                                                                                                                                                                                                             |   |                            |       |   |                            |   |   |   |
| Common                stock, no par or stated value; 100,000,000 shares authorized: 64,051,737                and 49,105,648 shares issued and outstanding at December 31, 2006                and                December 31, 2005, respectively |   |                            | 5,216,155  |   |                            |   | 4,624,730 |   |
| Subscription                received                                                                                                                                                                                                              |   |                            |       |   |                            |   | 29,000 |   |
| Accumulated                deficit                                                                                                                                                                                                                |   |                            | (5,362,776 | )      |                            |   | (4,932,147 | ) |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Total                stockholders' Deficit                                                                                                                                                                                                        |   |                            | (146,621   | )      |                            |   | (278,417 | ) |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
|                                                                                                                                                                                                                                              |   |                            |       |   |                            |   |   |   |
| Total                liabilities and stockholders’ deficit                                                                                                                                                                                  |   | $                               | 127,007    |   |                            | $      | 38,780 |   |

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|                                                                          |   | Years                Ended December 31, |       |
|-------------------------------------------------------------------------------|--------|-----------------------------------------|------------|
|                                                                          |   | 2006                                    |       |   | 2005 |   |
|                                                                          |   |                                    |       |   |   |   |
| Revenues:                                                                     |   |                                    |       |   |   |   |
| Gross                revenue                                                  |   | $                                       | 114,753    |   |   | $ | 72,958 |   |
| Refunds                payable                                                |   |                                    | (82,000    | ) |   |   | - |   |
| Net                revenue                                                    |   |                                    | 32,753     |   |   |   | 72,958 |   |
|                                                                          |   |                                    |       |   |   |   |   |   |
| Expenses:                                                                     |   |                                    |       |   |   |   |   |   |
| Selling,                general and administrative                            |   |                                    | 456,267    |   |   |   | 527,990 |   |
|                                                                          |   |                                    |       |   |   |   |   |   |
| Total                operating expense                                        |   |                                    | 456,267    |   |   |   | 527,990 |   |
|                                                                          |   |                                    |       |   |   |   |   |   |
| Operating                loss                                                 |   |                                    | (423,514   | ) |   |   | (455,032 | ) |
|                                                                          |   |                                    |       |   |   |   |   |   |
| Other                income (expense):                                        |   |                                    |       |   |   |   |   |   |
|                                                                          |   |                                    |       |   |   |   |   |   |
| Interest                expense                                               |   |                                    | (7,115     | ) |   |   | (12,759 | ) |
|                                                                          |   |                                    |       |   |   |   |   |   |
| Net                loss                                                       |   | $                                       | (430,629   | ) |   | $ | (467,791 | ) |
|                                                                          |   |                                    |       |   |   |   |   |   |
| Net                loss per basic and diluted common share                    |   | $                                       | (0.01      | ) |   | $ | (0.01 | ) |
|                                                                          |   |                                    |       |   |   |   |   |   |
|                                                                          |   |                                    |       |   |   |   |   |   |
| Weighted                average common shares outstanding - basic and diluted |   |                                    | 64,051,737 |   |   |   | 45,588,655 |   |

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|                                                                                                         |   | Years                Ended December 31, |     |
|--------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|----------|
|                                                                                                         |   | 2006                                    |     |   | 2005 |   |
|                                                                                                         |   |                                    |     |   |   |   |
| Cash                flows from operating activities:                                                         |   |                                    |     |   |   |   |
| Net                loss                                                                                      |   | $                                       | (430,629 | ) |   | $ | (467,791 | ) |
| Adjustments                to reconcile net loss to net cash flows from operating                activities: |   |                                    |     |   |   |   |   |   |
| Depreciation                and amortization                                                                 |   |                                    | 7,999    |   |   |   | 10,761 |   |
| Restricted                stock compensation expense                                                         |   |                                    | 27,500   |   |   |   | 14,979 |   |
| Non                cash common stock issued for consulting services                                          |   |                                    | 55,000   |   |   |   | 50,000 |   |
| Changes                in operating assets and liabilities:                                                  |   |                                    |     |   |   |   |   |   |
| Accounts                receivable                                                                           |   |                                    | 150      |   |   |   | (150 | ) |
| Prepaid                expenses                                                                              |   |                                    | 8,395    |   |   |   | (17,045 | ) |
| Accounts                payable                                                                              |   |                                    | (14,296  | ) |   |   | 20,161 |   |
| Refunds                payable                                                                               |   |                                    | 82,000   |   |   |   | - |   |
| Payroll                and payroll taxes payable                                                             |   |                                    | (118,147 | ) |   |   | 12,870 |   |
| Other                liability                                                                               |   |                                    | 3,378    |   |   |   | - |   |
| Accrued                interest                                                                              |   |                                    | 2,874    |   |   |   | 4,905 |   |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
| Net                cash flows used in operating activities                                                   |   |                                    | (375,776 | ) |   |   | (371,310 | ) |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
| Cash                flows from investing activities:                                                         |   |                                    |     |   |   |   |   |   |
| Purchase                of property and equipment                                                            |   |                                    | (4,029   | ) |   |   | (10,546 | ) |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
| Net                cash flows used in investing activities                                                   |   |                                    | (4,029   | ) |   |   | (10,546 | ) |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
| Cash                flows from financing activities:                                                         |   |                                    |     |   |   |   |   |   |
| Proceeds                from issuance of common stock                                                        |   |                                    | 474,425  |   |   |   | 254,409 |   |
| Subscriptions                received                                                                        |   |                                    | -        |   |   |   | 29,000 |   |
| Proceeds                from issuance of notes payable                                                       |   |                                    | -        |   |   |   | 64,000 |   |
| Proceeds                from subordinated note payable                                                       |   |                                    | -        |   |   |   | 200 |   |
| Principal                payments on long-term debt                                                          |   |                                    | -        |   |   |   | (26,490 | ) |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
| Net                cash flows provided by financing activities                                               |   |                                    | 474,425  |   |   |   | 321,119 |   |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
| Net                increase (decrease) in cash and equivalents                                               |   |                                    | 94,620   |   |   |   | (60,737 | ) |
| Cash                and cash equivalents at beginning of year                                                |   |                                    | 2,215    |   |   |   | 62,952 |   |
|                                                                                                         |   |                                    |     |   |   |   |   |   |
| Cash                and cash equivalents at end of year                                                      |   | $                                       | 96,835   |   |   | $ | 2,215 |   |

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|                                                                |   | Common                Stock  Shares |                       |   | Amount |   |                       | AccumulatedDeficit |   |   | Shareholders'Equity (Deficit) |   |
|---------------------------------------------------------------------|--------|-----------------------------------------------|----------------------------|--------|--------|--------|----------------------------|--------------------|--------|--------|------------------------------------|--------|
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |
| BALANCE,                January 1, 2005                             |   |                                          | 42,558,096                 |   |   | $      | 4,305,342                  |               |   | $      | (4,464,356                         | )      |   | $ | (159,014 | ) |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
| Common                stock issuance                                |   |                                          | 5,523,267                  |   |   |   | 254,409                    |               |   |   |                               |   |   |   | 254,409 |   |
| Subscription                received                                |   |                                          |                       |   |   |   | 29,000                     |               |   |   |                               |   |   |   | 29,000 |   |
| Common                stock issuance for consulting services        |   |                                          | 500,000                    |   |   |   | 50,000                     |               |   |   |                               |   |   |   | 50,000 |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
| Restricted                stock compensation                        |   |                                          | 524,285                    |   |   |   | 14,979                     |               |   |   |                               |   |   |   | 14,979 |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
| Net                Loss                                             |   |                                          |                       |   |   |   |                       |               |   |   | (467,791                           | )      |   |   | (467,791 | ) |
|                                                                |   |                                          |                  |   |   |   |                  |               |   |   |                          |   |   |   |                  |   |
| BALANCE,                December 31, 2005                           |   |                                          | 49,105,648                 |   |   |   | 4,653,730                  |               |   |   | (4,932,147                         | )      |   |   | (278,417 | ) |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
| Common                stock issuance                                |   |                                          | 13,076,089                 |   |   |   | 474,425                    |               |   |   |                               |   |   |   | 474,425 |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
| Common                stock issuance for consulting services        |   |                                          | 1,000,000                  |   |   |   | 55,000                     |               |   |   |                               |   |   |   | 55,000 |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
| Restricted                stock compensation                        |   |                                          | 500,000                    |   |   |   | 27,500                     |               |   |   |                               |   |   |   | 27,500 |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
| Stock                added to outstanding due to found certificates |   |                                          | 370,000                    |   |   |   | -                          |               |   |   |                               |   |   |   | - |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
| Payments                received for stock issued in previous years |   |                                          | -                          |   |   |   | 5,500                      |               |   |   |                               |   |   |   | 5,500 |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |   |   |
| Net                Loss                                             |   |                                          |                       |   |   |   |                       |               |   |   | (430,629                           | )      |   |   | (430,629 | ) |
|                                                                |   |                                          |                       |   |   |   |                       |               |   |   |                               |   |   |   |    |   |
|                                                                |   |                                          |                       |   |   |   |                  |               |   |   |                          |   |   |   |                  |   |
| BALANCE,                December 31, 2006                           |   |                                          | 64,051,737                 |   |   | $      | 5,216,155                  |               |   | $      | (5,362,776                         | )      |   | $ | (146,621 | ) |

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**SIGNATURES**

**Subjex      Corporation**

| **NAME**                                | **TITLE**                                                   |
|-----------------------------------------|-------------------------------------------------------------|
| /s/ Andrew                D. Hyder | President                and Chief Executive Officer,  |

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