UNITED STATES
                       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): May 11, 2005


                            US GLOBAL NANOSPACE, INC.
             (Exact name of registrant as specified in its charter)


           Delaware                000 - 23339                13-3720542
 (State or other jurisdiction      (Commission               (IRS Employer
       of incorporation)          File Number)            Identification No.)

         2533 North Carson Street, Suite 5107
                  Carson City, Nevada                            89706
        (Address of principal executive offices)              (Zip Code)


        Registrant's telephone number, including area code (775) 841-3246
--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[ ]   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))


<PAGE>

      This Form 8-K and other  reports filed by US Global  Nanospace,  Inc. (the
"Registrant")  from time to time with the  Securities  and  Exchange  Commission
(collectively the "Filings")  contain forward looking statements and information
that are based upon  beliefs of, and  information  currently  available  to, the
Registrant's  management  as  well  as  estimates  and  assumptions  made by the
Registrant's  management.  When  used in the  Filings  the  words  "anticipate",
"believe",  "estimate",  "expect", "future", "intend", "plan" or the negative of
these terms and similar  expressions  as they  relate to the  Registrant  or the
Registrant's  management  identify forward looking  statements.  Such statements
reflect the current view of the Registrant with respect to future events and are
subject to risks,  uncertainties,  assumptions and other factors relating to the
Registrant's  industry,  operations and results of operations and any businesses
that may be  acquired  by the  Registrant.  Should one or more of these risks or
uncertainties materialize, or should the underlying assumptions prove incorrect,
actual  results  may  differ  significantly  from those  anticipated,  believed,
estimated, expected, intended or planned.

Item 1.01 Entry Into A Material Definitive Agreement

      On  May  11,  2005  the  Registrant  entered  into  agreements  with  USDR
Aerospace,  Ltd. and USDR, Inc.,  entities that are owned and controlled by John
Robinson,  the Registrant's Chief Executive Officer and a director.  Pursuant to
the agreements,  USDR Aerospace,  Ltd. and USDR, Inc. agreed to accept shares of
the Registrant's  common stock,  $0.001 par value, as full and final payment for
loans made to the Registrant.

      The principal  amount of the loan from USDR Aerospace,  Ltd., plus accrued
interest  totaled  $112,868.59 and was due to be paid on February 28, 2005. USDR
Aerospace,  Ltd.  accepted  1,763,572 shares of the  Registrant's  common stock,
having a value of $0.064 per share,  which was the  closing  price of the common
stock on May 11, 2005.

      The principal amount of the loan from USDR,  Inc., plus accrued  interest,
totaled  $190,152.42  and was due to be paid on February  28, 2005.  USDR,  Inc.
accepted  2,971,132 share of the  Registrant's  common stock,  having a value of
$0.064 per share,  which was the  closing  price of the common  stock on May 11,
2005.

Item 8.01 Other Events.

      On  August  17,  2004  the  Registrant  reported  that it  entered  into a
Development   and  License   Agreement,   dated  August  13,  2004,  with  Kidde
Firefighting,  Inc. ("Kidde"), regarding the license and development by Kidde of
the Registrant's  ALL-CLEAR(TM)  Chemical and Biological  Agent  Decontamination
Foam product. On May 12, 2005, the Registrant received written confirmation from
Kidde that Kidde has been  acquired by United  Technologies  Corporation  (NYSE:
UTX) ("UTC").  Kidde also wrote that UTC's  acquisition of Kidde does not change
the relationship  between the Registrant and Kidde, and that Kidde will continue
to actively pursue the ALL-CLEAR(TM) decontamination foam opportunity.

Item 9.01 Financial Statements and Exhibits

      Exhibits:

      10.1  Agreement to Convert Debt dated May 11, 2005 between the  Registrant
      and USDR Aerospace, Ltd.

      10.2  Agreement to Convert Debt dated May 11, 2005 between the  Registrant
      and USDR, Inc.

                                   SIGNATURES

      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.

                                                 US GLOBAL NANOSPACE, INC.
                                                       (Registrant)

Date: May 17, 2005
                                                     /s/ John Robinson
                                          --------------------------------------
                                          John Robinson, Chief Executive Officer
{"company-data": {"conformed-name": "US GLOBAL NANOSPACE  INC", "cik": "0001001111", "assigned-sic": "2390", "irs-number": "980134875", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23339", "film-number": "05836032"}, "business-address": {"street1": "2533 NORTH CARSON STREET", "street2": "STE 5107", "city": "CARSON CITY", "state": "NV", "zip": "89706", "phone": "775-841-3246"}, "mail-address": {"street1": "2533 N CARSON STREET", "street2": "STE 5107", "city": "CARSON CITY", "state": "NV", "zip": "89706"}, "former-company": [{"former-conformed-name": "US GLOBAL AEROSPACE  INC", "date-changed": "20021016"}, {"former-conformed-name": "CARING PRODUCTS INTERNATIONAL INC", "date-changed": "19950919"}]}
UNITED STATES
                       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): May 11, 2005

                            US GLOBAL NANOSPACE, INC.
             (Exact name of registrant as specified in its charter)

           Delaware                000 - 23339                13-3720542
 (State or other jurisdiction      (Commission               (IRS Employer
       of incorporation)          File Number)            Identification No.)

         2533 North Carson Street, Suite 5107
                  Carson City, Nevada                            89706
        (Address of principal executive offices)              (Zip Code)

        Registrant's telephone number, including area code (775) 841-3246
--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[ ]   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))
This Form 8-K and other  reports filed by US Global  Nanospace,  Inc. (the
"Registrant")  from time to time with the  Securities  and  Exchange  Commission
(collectively the "Filings")  contain forward looking statements and information
that are based upon  beliefs of, and  information  currently  available  to, the
Registrant's  management  as  well  as  estimates  and  assumptions  made by the
Registrant's  management.  When  used in the  Filings  the  words  "anticipate",
"believe",  "estimate",  "expect", "future", "intend", "plan" or the negative of
these terms and similar  expressions  as they  relate to the  Registrant  or the
Registrant's  management  identify forward looking  statements.  Such statements
reflect the current view of the Registrant with respect to future events and are
subject to risks,  uncertainties,  assumptions and other factors relating to the
Registrant's  industry,  operations and results of operations and any businesses
that may be  acquired  by the  Registrant.  Should one or more of these risks or
uncertainties materialize, or should the underlying assumptions prove incorrect,
actual  results  may  differ  significantly  from those  anticipated,  believed,
estimated, expected, intended or planned.

Item 1.01 Entry Into A Material Definitive Agreement

      On  May  11,  2005  the  Registrant  entered  into  agreements  with  USDR
Aerospace,  Ltd. and USDR, Inc.,  entities that are owned and controlled by John
Robinson,  the Registrant's Chief Executive Officer and a director.  Pursuant to
the agreements,  USDR Aerospace,  Ltd. and USDR, Inc. agreed to accept shares of
the Registrant's  common stock,  $0.001 par value, as full and final payment for
loans made to the Registrant.

      The principal  amount of the loan from USDR Aerospace,  Ltd., plus accrued
interest  totaled  $112,868.59 and was due to be paid on February 28, 2005. USDR
Aerospace,  Ltd.  accepted  1,763,572 shares of the  Registrant's  common stock,
having a value of $0.064 per share,  which was the  closing  price of the common
stock on May 11, 2005.

      The principal amount of the loan from USDR,  Inc., plus accrued  interest,
totaled  $190,152.42  and was due to be paid on February  28, 2005.  USDR,  Inc.
accepted  2,971,132 share of the  Registrant's  common stock,  having a value of
$0.064 per share,  which was the  closing  price of the common  stock on May 11,
2005.

Item 8.01 Other Events.

      On  August  17,  2004  the  Registrant  reported  that it  entered  into a
Development   and  License   Agreement,   dated  August  13,  2004,  with  Kidde
Firefighting,  Inc. ("Kidde"), regarding the license and development by Kidde of
the Registrant's  ALL-CLEAR(TM)  Chemical and Biological  Agent  Decontamination
Foam product. On May 12, 2005, the Registrant received written confirmation from
Kidde that Kidde has been  acquired by United  Technologies  Corporation  (NYSE:
UTX) ("UTC").  Kidde also wrote that UTC's  acquisition of Kidde does not change
the relationship  between the Registrant and Kidde, and that Kidde will continue
to actively pursue the ALL-CLEAR(TM) decontamination foam opportunity.

Item 9.01 Financial Statements and Exhibits

      Exhibits:

      10.1  Agreement to Convert Debt dated May 11, 2005 between the  Registrant
      and USDR Aerospace, Ltd.

      10.2  Agreement to Convert Debt dated May 11, 2005 between the  Registrant
      and USDR, Inc.

                                   SIGNATURES

      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.

                                                 US GLOBAL NANOSPACE, INC.
                                                       (Registrant)

Date: May 17, 2005
                                                     /s/ John Robinson
                                          --------------------------------------
                                          John Robinson, Chief Executive Officer