SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                Current Report Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): December 23, 2003



                        International DisplayWorks, Inc.
                        --------------------------------
             (Exact name of registrant as specified in its charter)



           Delaware                     0-27002               94-3333649
           --------                     -------               ----------
(State or other jurisdiction of       (Commission          (I.R.S. Employer
 incorporation or organization)       File Number)        Identification No.)



                           599 Menlo Drive, Suite 200
                            Rocklin, California 95765
                                 (916) 415-0864
                                 --------------
          (Address and telephone number of principal executive offices)





<PAGE>



ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

     On December 23, 2003,  International  DisplayWorks,  Inc.  (the  "Company")
completed its private financing raising $5,000,000, before expenses, through the
sale of 3,333,335 shares of restricted common stock at $1.50 per share. The sale
of the shares of restricted common stock were made to institutional  funds. Roth
Capital  Partners,  LLC  acted as the  placement  agent  for the  financing  and
received an eight  percent (8%) fee based on gross  proceeds and a five (5) year
warrant to  purchase  166,666  shares of common  stock at $1.75 per  share.  The
financing  was a straight  equity  financing  and the terms did not  contain any
re-pricing provisions. The Company will use the net proceeds for working capital
and implementation of its operating plans.

     The terms of the private  financing are set forth in the form of Securities
Purchase Agreement,  attached as Exhibit 10.1 and Registration Rights Agreement,
attached  as  Exhibit  10.2.  The form of  Warrant  for the  placement  agent is
attached as Exhibit 4. Under the terms of the Securities  Purchase Agreement and
Registration  Rights Agreement,  the Company agreed to prepare and file with the
Securities and Exchange Commission a registration  statement covering the resale
of the securities.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)      Exhibits

         Exhibit Number    Description
         --------------    -----------

                4          Form of Placement Agent Warrant

               10.1        Form of Securities Purchase Agreement

               10.2        Form of Registration Rights Agreement

               99          Press Release Announcing $5 Million Dollar Private
                           Placement

<PAGE>



                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                        INTERNATIONAL DISPLAYWORKS, INC.,
                                        a Delaware Corporation



Dated:  December 23, 2003               /s/ Stephen C. Kircher
                                        ----------------------------------------
                                        Stephen C. Kircher,
                                        Chief Executive Officer
                                        (Principal Executive Officer)
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SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): December 23, 2003

                        International DisplayWorks, Inc.
                        --------------------------------
             (Exact name of registrant as specified in its charter)

           Delaware                     0-27002               94-3333649
           --------                     -------               ----------
(State or other jurisdiction of       (Commission          (I.R.S. Employer
 incorporation or organization)       File Number)        Identification No.)

                           599 Menlo Drive, Suite 200
                            Rocklin, California 95765
                                 (916) 415-0864
                                 --------------
          (Address and telephone number of principal executive offices)
ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

     On December 23, 2003,  International  DisplayWorks,  Inc.  (the  "Company")
completed its private financing raising $5,000,000, before expenses, through the
sale of 3,333,335 shares of restricted common stock at $1.50 per share. The sale
of the shares of restricted common stock were made to institutional  funds. Roth
Capital  Partners,  LLC  acted as the  placement  agent  for the  financing  and
received an eight  percent (8%) fee based on gross  proceeds and a five (5) year
warrant to  purchase  166,666  shares of common  stock at $1.75 per  share.  The
financing  was a straight  equity  financing  and the terms did not  contain any
re-pricing provisions. The Company will use the net proceeds for working capital
and implementation of its operating plans.

     The terms of the private  financing are set forth in the form of Securities
Purchase Agreement,  attached as Exhibit 10.1 and Registration Rights Agreement,
attached  as  Exhibit  10.2.  The form of  Warrant  for the  placement  agent is
attached as Exhibit 4. Under the terms of the Securities  Purchase Agreement and
Registration  Rights Agreement,  the Company agreed to prepare and file with the
Securities and Exchange Commission a registration  statement covering the resale
of the securities.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)      Exhibits

         Exhibit Number    Description
         --------------    -----------

                4          Form of Placement Agent Warrant

               10.1        Form of Securities Purchase Agreement

               10.2        Form of Registration Rights Agreement

               99          Press Release Announcing $5 Million Dollar Private
                           Placement
SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                        INTERNATIONAL DISPLAYWORKS, INC.,
                                        a Delaware Corporation

Dated:  December 23, 2003               /s/ Stephen C. Kircher
                                        ----------------------------------------
                                        Stephen C. Kircher,
                                        Chief Executive Officer
                                        (Principal Executive Officer)