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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
        STATES</font></div>
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        AND EXCHANGE COMMISSION</font></div>
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        D.C. 20549</font></div>
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        8-K</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
        REPORT</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to Section 13 or 15(d) of</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
        Securities Exchange Act of 1934</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
        of
        Report (Date of earliest event reported): October 28, 2005</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MICROHELIX,
        INC.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
        name of Registrant as specified in its charter)</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                  or other jurisdiction</font></div>
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                  File No.)</font></div>
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                  Employer</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
                  incorporation)</font></div>
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                  No.)</font></div>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">19500
                    SW 90th Court, Tualatin,
                    Oregon</font></div>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">97062</font>&#160;</div>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Address
                    of principal executive
                    offices)</font>&#160;</div>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">&#160;(Zip
                    Code)</font>&#160;</div>
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        telephone number, including area code: 503-692-5333</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="node2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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):</font></a></div>
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                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)</font></div>
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                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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              <td align="left" valign="top" width="5%" style="BORDER-BOTTOM: medium none">&#160;</td>
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              <td align="left" valign="top" width="5%" style="BORDER-BOTTOM: medium none">&#160;</td>
              <td align="left" valign="top" width="95%" style="BORDER-BOTTOM: medium none">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        1.01. Entry into a Material Definitive Agreement.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div align="center">
          <table cellpadding="0" cellspacing="0" width="100%">

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                <td align="left" valign="top" width="95%">&#160;</td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
                </td>
                <td align="left" valign="top" width="95%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">microHelix,
                    Inc. ("microHelix") entered into Series B Preferred Stock Purchase
                    Agreements on October 28, 2005 with purchasers of 310,000 shares
                    of its
                    Series B Preferred Stock, no par value ("Series B Preferred Stock"),
                    at a
                    purchase price of $1.00 per share. All of such purchasers had
                    previously
                    purchased shares of Series B Preferred Stock in April
                    2005.</font></div>
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              </tr>
              <tr>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="95%">&#160;</td>
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                <td align="left" valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
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                <td align="left" valign="top" width="95%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">microHelix
                    on September 19, 2005 granted James M. Thornton 10,000 shares
                    of its
                    common stock, no par value ("Common Stock"), upon his appointment
                    to the
                    microHelix Board of Directors. The grant of Common Stock is unrestricted
                    and fully vested. </font></div>
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                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="95%">&#160;</td>
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                <td align="left" valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></div>
                </td>
                <td align="left" valign="top" width="95%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">microHelix
                    on October 11, 2005 entered into a First Modification to its
                    Amended and
                    Restated Loan and Security Agreement with BFI Business Finance.
                    The First
                    Modification amended the Amended and Restated Loan and Security
                    Agreement
                    dated April 5, 2005 between microHelix and BFI Business Finance
                    to permit
                    microHelix to use "QSS Consulting" as an assumed business
                    name.</font></div>
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                <td align="left" valign="top" width="95%">&#160;</td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      2.03. Creation of a Direct Financial Obligation or an Obligation Under an
      Off-Balance Sheet Arrangement of a Registrant.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div align="center">
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            <tr>
              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="95%">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
                  </font></div>
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              <td align="left" valign="top" width="95%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">microHelix
                  on October 28, 2005 sold 310,000 shares of its Series B Preferred
                  Stock
                  for $1.00 per share in a private placement. Each share of Series
                  B
                  Preferred Stock is eligible for a cumulative dividend of $0.15
                  per share
                  (as adjusted for stock splits, stock dividends, reclassification
                  and the
                  like) per annum, payable quarterly when, as and if declared by
                  the Board
                  of Directors of microHelix. The Board of Directors of microHelix
                  may elect
                  to pay such dividend in cash or in shares of microHelix Common
                  Stock. Each
                  share of Series B Preferred Stock is convertible into four shares
                  of
                  microHelix Common Stock. microHelix has the option after April
                  8, 2006 to
                  redeem outstanding shares of Series B Preferred Stock for $1.50
                  per share
                  (as adjusted for stock splits, stock dividends, reclassification
                  and the
                  like).</font></div>
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            </tr>
            <tr>
              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="95%">&#160;</td>
            </tr>
            <tr>
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              <td align="left" valign="top" width="95%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Except
                  as expressly provided by the Amended and Restated Articles of
                  Incorporation, as amended, of microHelix (the "Articles") or as
                  provided
                  by law, the holders of Series B Preferred Stock have the same voting
                  rights as the holders of Common Stock and are entitled to notice
                  of any
                  shareholders meeting in accordance with the Bylaws of microHelix,
                  and the
                  holders of Common Stock and the Series B Preferred Stock vote together
                  as
                  a single class on all matters. Each holder of Series B Preferred
                  Stock is
                  entitled to the number of votes equal to the number of shares of
                  Common
                  Stock into which such shares of Series B Preferred Stock could
                  at the time
                  of such vote be converted.</font></div>
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              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="95%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="95%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
                  of the date of the filing of this Form 8-K, there are 2,082,746
                  shares of
                  Common Stock outstanding and entitled to vote, and holders of Series
                  B
                  Preferred Stock have the right to 10,240,000 votes on an as-converted
                  basis. </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.02. Unregistered Sale of Equity Securities.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div align="center">
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="95%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
                </td>
                <td align="left" valign="top" width="95%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">microHelix
                    on October 28, 2005 sold 310,000 shares of Series B Preferred
                    Stock. The
                    total offering price for the Series B Preferred Stock was $1.00
                    per share.
                    microHelix received total gross cash proceeds of $210,000. The
                    remaining
                    $100,000 of the purchase price for the shares of Series B Preferred
                    Stock
                    was paid by conversion of the outstanding principal on a promissory
                    note
                    owed by microHelix to James M. Williams, one of its directors.
                    Shares of
                    Series B Preferred Stock were issued in reliance on Regulation
                    D
                    promulgated under the Securities Act of 1933, as amended (the
                    "Securities
                    Act") and microHelix obtained representations from the investors
                    as to
                    their status as "accredited investors" as that term is defined
                    in
                    Regulation D.</font></div>
                </td>
              </tr>

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        <div>&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
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          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">2</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div>&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="95%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
                    share of Series B Preferred Stock is convertible into four shares
                    of
                    Common Stock. microHelix can redeem the shares of Series B Preferred
                    Stock
                    at any time after April 8, 2006 for $1.50 per share (as adjusted
                    for stock
                    splits, stock dividends, reclassification and the like). microHelix
                    entered into a Registration Rights Agreement dated as of April
                    8, 2005
                    with the purchasers of the Series B Preferred Stock under which
                    they have
                    one demand registration right and piggy-back registration
                    rights.</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="95%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
                </td>
                <td align="left" valign="top" width="95%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">microHelix
                    on September 19, 2005 granted a total of 33,500 shares of Common
                    Stock to
                    16 of its employees and one director. The grants to the employees
                    were
                    unrestricted and were made for services previously rendered.
                    The grant to
                    the director was unrestricted and was made upon his initial appointment
                    to
                    the microHelix Board of Directors. The shares were issued under
                    Section
                    4(2) of the Securities Act.</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="95%">&#160;</td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        3.03. Material Modification to Rights of Security
        Holders.</strong></font></div>
    </div>
    <div>&#160;</div>
    <div style="LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">microHelix
      amended its Amended and Restated Articles of Incorporation, as amended, on
      October 28, 2005 by filing an Amendment to Certificate of Designation with
      the
      Oregon Secretary of State designating an additional 500,000 shares of its
      Preferred Stock as Series B Preferred Stock, for a total of 2,750,000 shares
      designated as Series B Preferred Stock. Following the sale of 310,000 shares
      of
      Series B Preferred Stock on October 28, 2005, there are 190,000 authorized
      but
      unissued shares of Series B Preferred Stock. The rights of holders of the Common
      Stock of microHelix may be materially limited by the issuance of Series B
      Preferred Stock in that holders of Series B Preferred Stock have superior
      liquidation preferences over the holders of Common Stock in the event of any
      liquidation, dissolution or winding up of microHelix, either voluntary or
      involuntary. In any such event, the assets of microHelix would be distributed
      in
      the following order:</font></div>
    <div><br>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td align="right" style="WIDTH: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">First,
                  to</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                  the holders of the Series B Preferred Stock until they received
                  an amount
                  equal to $2.00 per share (as adjusted for stock splits, stock dividends,
                  reclassification and the like) for each share of Series B Preferred
                  Stock
                  then held by them, plus cumulative unpaid dividends from the original
                  issuance date of such share of Series B Preferred Stock.
                  </font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td align="right" style="WIDTH: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Second,
                  to the holders of Common Stock until they receive an amount equal
                  to $0.25
                  per share (as adjusted for stock splits, stock dividends, reclassification
                  and the like) for each share of Common Stock then held by them,
                  plus any
                  cumulative unpaid dividends.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td align="right" style="WIDTH: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Third,
                  any remaining assets of microHelix would be distributed pro rata
                  to the
                  holders of Common Stock and to the holders of Series B Preferred
                  Stock
                  based on the number of shares of Common Stock then held by each
                  holder
                  (assuming conversion of all Series B Preferred Stock into Common
                  Stock at
                  the then effective conversion rate for the Series B Preferred Stock).
                  </font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        5.03. Amendment to Articles of Incorporation or Bylaws; Change in Fiscal
        Year.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">microHelix
          amended its Amended and Restated Articles of Incorporation, as amended,
          on
          October 28, 2005 by filing an amended Certificate of Designation designating
          2,750,000 shares of its Preferred Stock as Series B Preferred
          Stock.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
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            </div>
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            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
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    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        9.01. Financial Statements and Exhibits.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
          <div align="center">
            <table border="0" cellpadding="0" cellspacing="0" width="100%">

                <tr>
                  <td align="left" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
                  </td>
                  <td align="left" valign="top" width="95%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Exhibits.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                      The following documents are filed as exhibits to this Form
                      8-K:</font></div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td width="5%">&#160;</td>
              <td align="left" valign="top" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></div>
              </td>
              <td align="left" valign="top" width="90%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">First
                  Modification to Amended and Restated Loan and Security Agreement
                  dated
                  October 11, 2005 between microHelix, Inc. and BFI Business
                  Finance</font></div>
              </td>
            </tr>
            <tr>
              <td width="5%">&#160;</td>
              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="90%">&#160;</td>
            </tr>
            <tr>
              <td width="5%">&#160;</td>
              <td align="left" valign="top" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.2</font></div>
              </td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Form
                  of Series B Preferred Stock Purchase Agreement dated October 28,
                  2005
                  between microHelix, Inc. and purchasers of Series B Preferred Stock
                  of
                  microHelix, Inc.</font></div>
              </td>
            </tr>

        </table>
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    </div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities and Exchange Act of 1934, the registrant
      has duly caused this report on Form 8-K to be signed on its behalf by the
      undersigned hereunto duly authorized.</font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant)</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td>&#160;</td>
            <td colspan="2"><font size="2">microHelix, Inc.</font>&#160;</td>
          </tr>
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            <td>&#160;</td>
            <td colspan="2">&#160;</td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td>&#160;</td>
            <td colspan="2">&#160;</td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
              October 31, 2005</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;/s/&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tyram
              H. Pettit&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
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            <td align="left">
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              H. Pettit</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">President
              and Chief Executive Officer</font></font></td>
          </tr>

      </table>
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{"company-data": {"conformed-name": "MICROHELIX INC", "cik": "0001142406", "assigned-sic": "3841", "irs-number": "911758621", "state-of-incorporation": "OR", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-16781", "film-number": "051165597"}, "business-address": {"street1": "16125 SW 72ND AVE.", "city": "PORTLAND", "state": "OR", "zip": "97224", "phone": "5039681600"}}
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): October 28, 2005
MICROHELIX,
        INC.
(Exact
        name of Registrant as specified in its charter)
Oregon
001-16781
91-1758621
(State
                  or other jurisdiction
(Commission
                  File No.)
(IRS
                  Employer
of
                  incorporation)
Identification
                  No.)
19500
                    SW 90th Court, Tualatin,
                    Oregon
97062
(Address
                    of principal executive
                    offices)
(Zip
                    Code)
Registrant's
        telephone number, including area code: 503-692-5333
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):
o
Written
                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)
o
Soliciting
                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)
o
Pre-commencement
                  communications pursuant to Rule 14d-2(b) under the Exchange Act
                  (17 CFR
                  240.14d-2(b))
o
Pre-commencement
                  communications pursuant to Rule 13e-4(c) under the Exchange Act
                  (17 CFR
                  240.13e-4(c))
Item
        1.01. Entry into a Material Definitive Agreement.
(a)
microHelix,
                    Inc. ("microHelix") entered into Series B Preferred Stock Purchase
                    Agreements on October 28, 2005 with purchasers of 310,000 shares
                    of its
                    Series B Preferred Stock, no par value ("Series B Preferred Stock"),
                    at a
                    purchase price of $1.00 per share. All of such purchasers had
                    previously
                    purchased shares of Series B Preferred Stock in April
                    2005.
(b)
microHelix
                    on September 19, 2005 granted James M. Thornton 10,000 shares
                    of its
                    common stock, no par value ("Common Stock"), upon his appointment
                    to the
                    microHelix Board of Directors. The grant of Common Stock is unrestricted
                    and fully vested.
(c)
microHelix
                    on October 11, 2005 entered into a First Modification to its
                    Amended and
                    Restated Loan and Security Agreement with BFI Business Finance.
                    The First
                    Modification amended the Amended and Restated Loan and Security
                    Agreement
                    dated April 5, 2005 between microHelix and BFI Business Finance
                    to permit
                    microHelix to use "QSS Consulting" as an assumed business
                    name.
Item
      2.03. Creation of a Direct Financial Obligation or an Obligation Under an
      Off-Balance Sheet Arrangement of a Registrant.
(a)
microHelix
                  on October 28, 2005 sold 310,000 shares of its Series B Preferred
                  Stock
                  for $1.00 per share in a private placement. Each share of Series
                  B
                  Preferred Stock is eligible for a cumulative dividend of $0.15
                  per share
                  (as adjusted for stock splits, stock dividends, reclassification
                  and the
                  like) per annum, payable quarterly when, as and if declared by
                  the Board
                  of Directors of microHelix. The Board of Directors of microHelix
                  may elect
                  to pay such dividend in cash or in shares of microHelix Common
                  Stock. Each
                  share of Series B Preferred Stock is convertible into four shares
                  of
                  microHelix Common Stock. microHelix has the option after April
                  8, 2006 to
                  redeem outstanding shares of Series B Preferred Stock for $1.50
                  per share
                  (as adjusted for stock splits, stock dividends, reclassification
                  and the
                  like).
Except
                  as expressly provided by the Amended and Restated Articles of
                  Incorporation, as amended, of microHelix (the "Articles") or as
                  provided
                  by law, the holders of Series B Preferred Stock have the same voting
                  rights as the holders of Common Stock and are entitled to notice
                  of any
                  shareholders meeting in accordance with the Bylaws of microHelix,
                  and the
                  holders of Common Stock and the Series B Preferred Stock vote together
                  as
                  a single class on all matters. Each holder of Series B Preferred
                  Stock is
                  entitled to the number of votes equal to the number of shares of
                  Common
                  Stock into which such shares of Series B Preferred Stock could
                  at the time
                  of such vote be converted.
As
                  of the date of the filing of this Form 8-K, there are 2,082,746
                  shares of
                  Common Stock outstanding and entitled to vote, and holders of Series
                  B
                  Preferred Stock have the right to 10,240,000 votes on an as-converted
                  basis.
Item
      3.02. Unregistered Sale of Equity Securities.
(a)
microHelix
                    on October 28, 2005 sold 310,000 shares of Series B Preferred
                    Stock. The
                    total offering price for the Series B Preferred Stock was $1.00
                    per share.
                    microHelix received total gross cash proceeds of $210,000. The
                    remaining
                    $100,000 of the purchase price for the shares of Series B Preferred
                    Stock
                    was paid by conversion of the outstanding principal on a promissory
                    note
                    owed by microHelix to James M. Williams, one of its directors.
                    Shares of
                    Series B Preferred Stock were issued in reliance on Regulation
                    D
                    promulgated under the Securities Act of 1933, as amended (the
                    "Securities
                    Act") and microHelix obtained representations from the investors
                    as to
                    their status as "accredited investors" as that term is defined
                    in
                    Regulation D.
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Each
                    share of Series B Preferred Stock is convertible into four shares
                    of
                    Common Stock. microHelix can redeem the shares of Series B Preferred
                    Stock
                    at any time after April 8, 2006 for $1.50 per share (as adjusted
                    for stock
                    splits, stock dividends, reclassification and the like). microHelix
                    entered into a Registration Rights Agreement dated as of April
                    8, 2005
                    with the purchasers of the Series B Preferred Stock under which
                    they have
                    one demand registration right and piggy-back registration
                    rights.
(b)
microHelix
                    on September 19, 2005 granted a total of 33,500 shares of Common
                    Stock to
                    16 of its employees and one director. The grants to the employees
                    were
                    unrestricted and were made for services previously rendered.
                    The grant to
                    the director was unrestricted and was made upon his initial appointment
                    to
                    the microHelix Board of Directors. The shares were issued under
                    Section
                    4(2) of the Securities Act.
Item
        3.03. Material Modification to Rights of Security
        Holders.
microHelix
      amended its Amended and Restated Articles of Incorporation, as amended, on
      October 28, 2005 by filing an Amendment to Certificate of Designation with
      the
      Oregon Secretary of State designating an additional 500,000 shares of its
      Preferred Stock as Series B Preferred Stock, for a total of 2,750,000 shares
      designated as Series B Preferred Stock. Following the sale of 310,000 shares
      of
      Series B Preferred Stock on October 28, 2005, there are 190,000 authorized
      but
      unissued shares of Series B Preferred Stock. The rights of holders of the Common
      Stock of microHelix may be materially limited by the issuance of Series B
      Preferred Stock in that holders of Series B Preferred Stock have superior
      liquidation preferences over the holders of Common Stock in the event of any
      liquidation, dissolution or winding up of microHelix, either voluntary or
      involuntary. In any such event, the assets of microHelix would be distributed
      in
      the following order:
·
First,
                  to
the holders of the Series B Preferred Stock until they received
                  an amount
                  equal to $2.00 per share (as adjusted for stock splits, stock dividends,
                  reclassification and the like) for each share of Series B Preferred
                  Stock
                  then held by them, plus cumulative unpaid dividends from the original
                  issuance date of such share of Series B Preferred Stock.
·
Second,
                  to the holders of Common Stock until they receive an amount equal
                  to $0.25
                  per share (as adjusted for stock splits, stock dividends, reclassification
                  and the like) for each share of Common Stock then held by them,
                  plus any
                  cumulative unpaid dividends.
·
Third,
                  any remaining assets of microHelix would be distributed pro rata
                  to the
                  holders of Common Stock and to the holders of Series B Preferred
                  Stock
                  based on the number of shares of Common Stock then held by each
                  holder
                  (assuming conversion of all Series B Preferred Stock into Common
                  Stock at
                  the then effective conversion rate for the Series B Preferred Stock).
Item
        5.03. Amendment to Articles of Incorporation or Bylaws; Change in Fiscal
        Year.
microHelix
          amended its Amended and Restated Articles of Incorporation, as amended,
          on
          October 28, 2005 by filing an amended Certificate of Designation designating
          2,750,000 shares of its Preferred Stock as Series B Preferred
          Stock.
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Item
        9.01. Financial Statements and Exhibits.
(a)
Exhibits.
The following documents are filed as exhibits to this Form
                      8-K:
10.1
First
                  Modification to Amended and Restated Loan and Security Agreement
                  dated
                  October 11, 2005 between microHelix, Inc. and BFI Business
                  Finance
10.2
Form
                  of Series B Preferred Stock Purchase Agreement dated October 28,
                  2005
                  between microHelix, Inc. and purchasers of Series B Preferred Stock
                  of
                  microHelix, Inc.
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SIGNATURES
Pursuant
      to the requirements of the Securities and Exchange Act of 1934, the registrant
      has duly caused this report on Form 8-K to be signed on its behalf by the
      undersigned hereunto duly authorized.
(Registrant)
microHelix, Inc.
Date:
              October 31, 2005
/s/
Tyram
              H. Pettit
Tyram
              H. Pettit
President
              and Chief Executive Officer
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