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**UNITED        STATES SECURITIES AND EXCHANGE COMMISSION**

**FORM        10-KSB-AMENDED**

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

| £ | 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:**

** **

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*Index*

INDEX

| ITEM |                                                                                                                                 | PAGE |
|------|--------------------------------------------------------------------------------------------------------------------------------------|------|
| 6    | Management's                  Discussion & Analysis of Financial Condition                  and Results of Operations (Adjusted) | 2    |
| 7.   | Financial                  Statements (Adjusted)                                                                                     | 3    |

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

**Liquidity        and Capital Resources**

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*Index*

**ITEM        7: Financial Statements**

**SUBJEX        CORPORATION**

**FINANCIAL        STATEMENTS**

**YEARS        ENDED DECEMBER 31, 2006 AND 2005**

| Financial                    Statements:                                   | 3      |
|----------------------------------------------------------------------------|--------|
|                                                                       |   |
| Balance                    Sheet (Adjusted)                                | 4      |
|                                                                       |   |
| Statements                    of Operations (Adjusted)                     | 5      |
|                                                                       |   |
| Statements                    of Shareholders' Equity (Deficit) (Adjusted) | 6      |
|                                                                       |   |
| Statements                    of Cash Flows (Adjusted)                     | 7      |
|                                                                       |   |
| Notes                    to Financial Statements                           | 8      |
|                                                                       |   |
| Report                    of Independent Registered Public Accounting Firm | 9      |

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*Index*

|                                                                                                                                                                                                                                                                                                     |   | December 31,2006 |       |   | December 31,2005 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|------------|--------|-----------------------|--------|
|                                                                                                                                                                                                                                                                                                     |   |                  |       |   |                  |   |
|                                                                                                                                                                                                                                                                                                     |   | (Restated)            |       |   |                  |   |
| 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 |   |
|                                                                                  |   | (Restated)                                           |       |   |   |   |
|                                                                                  |   |                                                 |       |   |   |   |
| 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 |   |
|                                                                        |   | (Restated)                                           |     |   |   |   |
|                                                                        |   |                                                 |     |   |   |   |
| 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                                     |   |                                                 | (10,272  | ) |   |   | (17,045 | ) |
| Accounts                        payable                                     |   |                                                 | (14,296  | ) |   |   | 20,161 |   |
| Refunds                        payable                                      |   |                                                 | 82,000   |   |   |   | - |   |
| Payroll                        and payroll taxes payable                    |   |                                                 | (118,147 | ) |   |   | 12,870 |   |
| Other                        liability                                      |   |                                                 | 4,000    |   |   |   | - |   |
| Accrued                        interest                                     |   |                                                 | 2,874    |   |   |   | 4,905 |   |
|                                                                        |   |                                                 |     |   |   |   |   |   |
| Net                        cash flows used in operating activities          |   |                                                 | (393,821 | ) |   |   | (371,310 | ) |
|                                                                        |   |                                                 |     |   |   |   |   |   |
|                                                                        |   |                                                 |     |   |   |   |   |   |
| Cash                        flows from investing activities:                |   |                                                 |     |   |   |   |   |   |
| Purchase                        of property and equipment                   |   |                                                 | (12,028  | ) |   |   | (10,546 | ) |
|                                                                        |   |                                                 |     |   |   |   |   |   |
| Net                        cash flows used in investing activities          |   |                                                 | (12,028  | ) |   |   | (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              |   |                                                 | 15,044   |   |   |   | 64,000 |   |
| Proceeds                        from subordinated note payable              |   |                                                 | -        |   |   |   | 200 |   |
| Principal                        payments on long-term debt                 |   |                                                 | 11,000   |   |   |   | (26,490 | ) |
|                                                                        |   |                                                 |     |   |   |   |   |   |
| Net                        cash flows provided by financing activities      |   |                                                 | 500,469  |   |   |   | 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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*Index*

|                                                                      |   | Common Stock |       |   |   |   |      |        |   |   | Shareholders' |   |
|---------------------------------------------------------------------------|--------|-------------------|------------|--------|--------|--------|-----------|-------------|--------|--------|---------------|--------|
|                                                                      |   |              |       |   |   |   |      |        |   |   | Equity        |   |
|                                                                      |   |              |       |   |   |   |      | Accumulated |   |   |          |   |
|                                                                      |   | Shares            |       |   | Amount |   |      | Deficit     |   |   | (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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*Index*

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*Index*

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*Index*

**Consent          of Accountant**

|  /s/                    Maddox Ungar Silberstein, PLLC |
|-------------------------------------------------------------|
|                                                        |
|  Maddox                    Ungar Silberstein, PLLC     |

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**SIGNATURES**

**Subjex        Corporation**

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

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