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, 2004
   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, 2004

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

Documents incorporated by reference:    None

                              PART I

Item 1.  Description of Business

     Injet Corporation (the "Company") was incorporated as Caliper
Acquisition Corporation 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 a possible acquisition
of a majority interest in a California corporation, the Company
changed its name to Injet Corporation.  No agreements were entered
into and discussions with that corporation have ended.  The
Company has been seeking other target company candidates.

     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.

     Since inception, the Company has sold securities
which were not registered as follows:

                                        NUMBER OF
     DATE                     NAME      SHARES       CONSIDERATION

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

     (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, 2004
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    69        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, 2002, 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 5,000,000 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, 2004.

Item 14.  Controls and Procedures

	Pursuant to Rules adopted by the Securities and Exchange
Commission under Section 302(a) of the Sarbanes-Oxley Act of 2002,
the Company carried out an evaluation of the effectiveness of the
design and operation of its disclosure controls and procedures
pursuant to Exchange Act Rule 13a-14.  This evaluation  was as of
the end of the fiscal period covered by this report done under the
supervision and with the participation of the Company's principal
executive officer (who is also the principal financial officer).
There have been no significant changes in internal controls or in
other factors that could significantly affect internal controls
subsequent to the date of the evaluation.  Based upon that evaluation,
he believes that the Company's disclosure controls and procedures
are effective in gathering, analyzing and disclosing information
needed to ensure that the information required to be disclosed by the
Company in its periodic reports is recorded, summarized and processed
timely.  The principal executive officer  is directly involved in the
day-to-day operations of the Company.


                             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: March 25, 2005


     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            March 25, 2005




<PAGE>




                         INJET CORPORATION
            (FORMERLY CALIPER ACQUISITION CORPORATION)
                   (A DEVELOPMENT STAGE COMPANY)
                       FINANCIAL STATEMENTS
                      AS OF DECEMBER 31, 2004


<PAGE>



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



                          CONTENTS


PAGE	1	REPORT OF INDEPENDENT REGISTERED PUBLIC
   			ACCOUNTING FIRM

PAGE	2	BALANCE SHEET AS OF DECEMBER 31, 2004

PAGE	3	STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER
		31, 2004 AND 2003 AND FOR THE PERIOD FROM MARCH 24, 1999
		(INCEPTION) TO DECEMBER 31, 2004

PAGE	4	STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY FOR THE
		PERIOD FROM MARCH 24, 1999 (INCEPTION) TO DECEMBER
		31, 2004

PAGE	5	STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31,
		2004 AND 2003 AND FOR THE PERIOD FROM MARCH 24, 1999
		(INCEPTION) TO DECEMBER 31, 2004

PAGES	6 - 9	NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2004



           REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


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, 2004 and the related statements of
operations, changes in stockholder's equity and cash flows for the
years ended December 31, 2004 and 2003 and for the period from
March 24, 1999 (inception) to December 31, 2004.  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 of
the Public Company Accounting Oversight Board (United States).
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, 2004, and
the results of its operations and its cash flows for the for the years
ended December 31, 2004 and 2003 and for the period from March 24, 1999
(inception) to December 31, 2004 in conformity with accounting principles
generally accepted in the United States of America.



WEINBERG & COMPANY, P.A.


Boca Raton, Florida
March 18, 2005

<PAGE>


                         INJET CORPORATION
             (FORMERLY CALIPER ACQUISITION CORPORATION)
                   (A DEVELOPMENT STAGE COMPANY)
                            BALANCE SHEET
                       AS OF DECEMBER 31, 2004
                       -----------------------



                               ASSETS
                               ------
  Cash                                            $1,614

  TOTAL ASSETS                                    $1,614
  ---------------                               ---------


                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       (981)
                                                  ---------
  Total Stockholder's Equity                        1,614
                                                  ---------
  TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY       $1,614
                                                  ---------

             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,
                                2004          2003            2004
                            ------------   ------------   -------------

  Income                       $   -           $  -            $  -

  Expenses
    Administrative expenses       144            132             981
                            ------------   ------------   -------------

     Total expenses               144            132             981
                            ------------   ------------   -------------
  NET LOSS                     $ (144)         $(132)          $(981)
                            ------------   ------------   -------------

                  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, 2004
                              --------------------

                                                       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)
  December 31, 2002    -            -            -            (132)      (132)
  December 31, 2003    -            -            -            (132)      (132)
  December 31, 2004    -            -            -            (132)      (144)

                    -------      ------       -------       --------     ------
BALANCE AT DECEMBER
   31, 2004         5,000,000    $  500       $2,095        $ (981)     $1,614
                    -------      ------       -------       --------     ------


                     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,
                                2004           2003           2004
                            ------------   ------------   -------------

CASH FLOWS FROM OPERATING
     ACTIVITIES:

Net loss                       $  (144)       $ (132)         $   (981)
Adjustment to reconcile
  net loss to net cash used
  in operating activities

  Contributed expenses             -               -               535
                            ------------   ------------   -------------
    Net Cash Used in
     Operating Activities         (144)         (132)             (446)
                            ------------   ------------   -------------

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

   Proceeds from capital
     contributions                             		           1,560
   Proceeds from issuance
     of common stock               -              -                500
                            ------------   ------------   -------------
     Net Cash Provided By
       Financing Activities                                      2,060
                            ------------   ------------   -------------
DECREASE IN CASH AND CASH
      EQUIVALENTS                 (144)         (132)            1,614

CASH AND CASH EQUIVALENTS--
      BEGINNING OF PERIOD        1,758         1,890                -
                            ------------   ------------    -------------
CASH AND CASH EQUIVALENTS--
      END OF PERIOD           $  1,614      $  1,758           $ 1,614
                            ------------   ------------    -------------

                 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, 2004
                       -----------------------


NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(A) Organization and Business Operations

Injet Corporation, formerly Caliper Acquisition Corporation prior to
its name change on January 7, 2002, (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, 2004, 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, 2004
and 2003.


                                  6

<PAGE>
                         INJET CORPORATION
            (FORMERLY CALIPER ACQUISITION CORPORATION)
                   (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO FINANCIAL STATEMENTS
                       AS OF DECEMBER 31, 2004
                       -----------------------

(E) Recent Accounting Pronouncements

In May 2003, the FASB issued SFAS No. 150, "Accounting For Certain
Financial Instruments with Characteristics of both Liabilities and Equity".
SFAS No. 150 changes the accounting for certain financial instruments with
characteristics of both liabilities and equity that, under previous
pronouncements, issuers could account for as equity.  The new accounting
guidance contained in SFAS No. 150 requires that those instruments be
classified as liabilities in the balance sheet.

SFAS No. 150 affects the issuer's accounting for three types of freestanding
financial instruments.  One type is mandatorily redeemable shares, which the
issuing company is obligated to buy back in exchange for cash or other assets.
A second type includes put options and forward purchase contracts, which
involves instruments that do or may require the issuer to buy back some of
its shares in exchange for cash or other assets.  The third type of
instruments that are liabilities under this Statement is obligations that
can be settled with shares, the monetary value of which is fixed, tied
solely or predominantly to a variable such as a market index, or varies
inversely with the value of the issuers' shares.  SFAS No. 150 does not
apply to features embedded in a financial instrument that is not a
derivative in its entirety.

Most of the provisions of Statement 150 are consistent with the existing
definition of liabilities in FASB Concepts Statement No. 6, "Elements of
Financial Statements".  The remaining provisions of this Statement are
consistent with the FASB's proposal to revise that definition to encompass
certain obligations that a reporting entity can or must settle by issuing
its own shares.  This Statement shall be effective for financial instruments
entered into or modified after May 31, 2003 and otherwise shall be effective
at the beginning of the first interim period beginning after June 15, 2003,
except for mandatorily redeemable financial instruments of a non-public
entity, as to which the effective date is for fiscal periods beginning after
December 15, 2004.

In January 2003, (as revised in December 2003) The Financial Accounting
Standards Board ("FASB") issued Interpretation No. 46, "Consolidation of
Variable Interest Entities", an interpretation of Accounting Research
Bulletin ("ARB") No. 51, "Consolidated Financial Statements".
Interpretation No. 46 addresses consolidation by business enterprises of
variable interest entities, which have one or both of the following
characteristics: (i) the equity investment at risk is not sufficient to
permit the entity to finance its activities without additional subordinated
support from other parties, which is provided through other interest that
will absorb some or all of the expected losses of the entity; (ii) the
equity investors lack one or more of the following essential characteristics
of a controlling financial interest: the direct or indirect ability to
make decisions about the entities activities through voting rights or
similar rights; or the obligation to absorb the expected losses of the
entity if they occur, which makes it possible for the entity to finance
its activities; the right to receive the


                                  7

<PAGE>

                         INJET CORPORATION
            (FORMERLY CALIPER ACQUISITION CORPORATION)
                   (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO FINANCIAL STATEMENTS
                       AS OF DECEMBER 31, 2004
                       -----------------------

expected residual returns of the entity if they occur, which is the
compensation for the risk of absorbing the expected losses.

Interpretation No. 46, as revised, also requires expanded disclosures by
the primary beneficiary (as defined) of a variable interest entity and by
an enterprise that holds a significant variable interest in a variable
interest entity but is not the primary beneficiary.

Interpretation No. 46, as revised, applies to small business issuers no
later than the end of the first reporting period that ends after December
15, 2004.  This effective date includes those entities to which
Interpretation 46 had previously been applied.  However, prior to the
required application of Interpretation No. 46, a public entity that is a
small business issuer shall apply Interpretation 46 or this Interpretation
to those entities that are considered to be special-purpose entities no
later than as of the end of the first reporting period that ends after
December 15, 2003

Interpretation No. 46 may be applied prospectively with a cumulative-effect
adjustment as of the date on which it is first applied or by restating
previously issued financial statements for one or more years with a
cumulative-effect adjustment as of the beginning of the first year restated.

In December 2004, the FASB issued SFAS No. 123 (R), "Share-Based Payment".
SFAS No. 123 (R) revises SFAS No. 123, "Accounting for Stock-Based
Compensation" and supersedes APB Opinion No. 25, "Accounting for Stock
Issued to Employees".  SFAS No. 123 (R) focuses primarily on the accounting
for transactions in which an entity obtains employee services in share-based
payment transactions.  SFAS No. 123 (R) requires companies to recognize in
the statement of operations the cost of employee services received in
exchange for awards of equity instruments based on the grant-date fair
value of those awards (with limited exceptions).  SFAS No. 123 (R) is
effective as of the first interim or annual reporting period that begins
after June 15, 2005 for non-small business issuers and after December 15,
2005 for small business issuers.  Accordingly, the Company will adopt SFAS
No. 123 (R) in its quarter ending March 31, 2006.  The Company is currently
evaluating the provisions of SFAS No. 123 (R) and has not yet determined
the impact, if any, that SFAS No. 123 (R) will have on its financial
statement presentation or disclosures.

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


                                  8
<PAGE>

                         INJET CORPORATION
            (FORMERLY CALIPER ACQUISITION CORPORATION)
                   (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO FINANCIAL STATEMENTS
                       AS OF DECEMBER 31, 2004
                       -----------------------

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, 2004 represents $1,560
contributed to the Company by TPG in 2002 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).


                                9