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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</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: 12pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></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: 12pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</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"><strong>Washington,
      D.C. 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</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: 14pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</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"><strong>CURRENT
      REPORT</strong></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"><strong>Pursuant
      to Section&#160;13 or 15(d) of the Securities Exchange Act of
      1934</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</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">Date
      of
      Report (Date of earliest event reported): April 3, 2006</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

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            <td valign="top" width="42%">
              <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: 14pt; FONT-FAMILY: Times New Roman"><strong>Entrx
                Corporation</strong></font>&#160;

                <hr style="COLOR: black" align="center" noshade size="1" width="45%">
              </div>
              <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>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div align="center">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td width="5%">&#160;</td>
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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">Delaware</font></div>
            </td>
            <td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
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            </td>
            <td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff solid;">
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            </td>
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                or other jurisdiction of incorporation) </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">&#160;</div>
            </td>
            <td valign="top" width="28%">
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                File Number) </font></div>
            </td>
            <td align="left" valign="bottom" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td valign="top" width="28%">
              <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">(IRS
                Employer Identification No.)</font></div>
            </td>
            <td width="5%">&#160;</td>
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      </table>
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    <div align="center">&#160;</div>
    <div align="center">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td width="10%">&#160;</td>
            <td valign="top" width="38%" style="border-bottom: black thin solid;">
              <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">800
                Nicollet Mall, Suite&#160;2690,</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">Minneapolis,
                Minnesota </font></div>
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            </td>
            <td valign="bottom" width="38%" style="border-bottom: black thin solid;">
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            </td>
            <td width="10%">&#160;</td>
          </tr>
          <tr>
            <td width="10%">&#160;</td>
            <td valign="top" width="38%">
              <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">(Address
                of principal executive offices) </font></div>
            </td>
            <td align="left" valign="bottom" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td valign="top" width="38%">
              <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">(Zip
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            <td width="10%">&#160;</td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</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">Registrant&#8217;s
      telephone number, including area code: (612)&#160;333-0614 </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <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">N/A</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="45%">
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
        <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">(Former
          name or former address, if change since last report.)</font></div>
      </div>
    </div>
    <div>&#160;</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="justify"><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:</font></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"><br></div>
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                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: -36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div>
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            <tr valign="top" style="line-height: 1.25;">
              <td style="width: 36pt;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; 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>
                </div>
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                  material pursuant to rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)</font></div>
              </td>
            </tr>

        </table>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; 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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                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))</font></div>
            </td>
          </tr>

      </table>
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          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">
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                communications pursuant to Rule 13c-4(c) under the Exchange Act (17
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                240.13e-4(c))</font></div>
            </td>
          </tr>

      </table>
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    <div>&#160;</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>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
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      <div id="HDR">
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    <div><br>&#160;</div>
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      TO BE INCLUDED IN THIS REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="000"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
      2 - Financial Information</strong></font></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item&#160;2.04.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Triggering
      Events that Accelerate or Increase a Direct Financial Obligation or an
      Obligation under an Off-Balance Sheet Arrangement</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company&#8217;s subsidiary, Metalclad Insulation Company (&#8220;Metalclad&#8221;), has a
      $1,000,000 line of credit from the Far East National Bank (the &#8220;Bank&#8221;), which
      matures on May&#160;1, 2006. The amount due under the line of credit was
      $775,000 as of December 31, 2005, and $1,000,000, as of March 31, 2006. The
      line
      of credit is secured by certain assets of Metalclad, including the land and
      building from which Metalclad currently conducts its business. The line of
      credit is also guaranteed by Entrx, and secured by Entrx&#8217;s equity interest in
      Metalclad.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      line
      of credit agreements with the Bank contain a number of financial covenants,
      including covenants requiring Metalclad to maintain a minimum amount of income
      and cash flow, as well as a minimum tangible net worth of $3,000,000, a
      two-to-one debt to net worth ratio, and a 1.25 to 1 current ratio. In addition,
      Entrx has provided a covenant that it will maintain a net worth of $4,000,000.
      A
      default in the maintenance of any of these covenants constitutes an event of
      default, allowing the Bank to accelerate the due date of the amounts owed to
      the
      Bank under the line of credit, so that such debt becomes immediately due. These
      financial covenants are measured at the end of each interim fiscal quarter,
      and
      at the end of each fiscal year.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under
      its
      agreements with the Bank, Metalclad and Entrx are each required to provide
      the
      Bank with quarterly financial statements relating to each entity within 45
      days
      after the end of each interim fiscal quarter, and annual audited financial
      statements within 120 days following the end of each fiscal year. In addition,
      Metalclad is required to provide the Bank with a certificate within 45 days
      of
      each interim fiscal quarter that no event of default exists under the line
      of
      credit agreements.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      of
      December 31, 2005, the Company&#8217;s and Metalclad&#8217;s audited financial statements
      will disclose that on that date neither Entrx nor Metalclad was in compliance
      with a number of their respective financial covenants. Metalclad&#8217;s and Entrx&#8217;s
      failure to comply with the financial covenants was substantially the result
      of
      losses which are estimated to be sustained in connection with a fixed-price
      asbestos abatement project undertaken by Metalclad. The project involves the
      removal of asbestos insulation from large boilers, and was entered into with
      Cleveland Wrecking Company on February&#160;8, 2005. After undertaking the
      project, the thickness of the asbestos was discovered to be approximately two
      times thicker than originally anticipated, and the workers promised to be
      provided by the union, with which Metalclad has a contract, failed to be
      supplied, requiring Metalclad to seek and engage other workers at a greater
      expense and causing delays in the project.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      approximately September 30, 2005, the Company projected that it would incur
      a
      loss on the Cleveland Wrecking Company project, and booked a $650,000 loss
      for
      the period ended September&#160;30, 2005. As a result of this loss, the Company
      reported that Metalclad was not in compliance with its income and cash flow
      covenants, and received a waiver of such non-compliance from the Bank. As of
      December 31, 2005, the Company increased its projected loss to $1,050,000.
      This
      increase in the estimated loss will adversely impact other financial covenants
      in the line of credit agreements. This further loss is normally required to
      be
      disclosed to the Bank by delivery of the Company&#8217;s audited annual financial
      statements. In addition, however, the waiver previously granted by the Bank
      requires that the Company and Metalclad come into compliance with its financial
      covenants by April 3, 2006, which neither was able to do, resulting in an event
      of default on that date.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company does not anticipate that it will receive a waiver with respect to its
      non-compliance with the various financial covenants contained in its agreements
      with the Bank, or that the Bank will renew the line of credit when it comes
      due
      on May 1, 2006.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Metalclad
      has entered into a contract to sell its Anaheim, California facilities for
      $3,900,000, and anticipates that this transaction will close on or before May
      1,
      2006, providing Metalclad with the cash necessary to pay off its line of credit
      and continue its operations. Following the sale of the building, Metalclad
      intends to lease other facilities in the Anaheim, California area, including
      leasing its sold building for approximately eight months. If the closing of
      the
      sale of the building is significantly delayed, or does not occur, the Bank
      could
      satisfy Metalclad&#8217;s debt by foreclosing on the assets pledged as collateral for
      the loan, including the Company&#8217;s Anaheim, California facilities, or in the
      alternative Metalclad might be forced to enter into a new financing arrangement
      or sell assets under terms or prices which may be significantly less favorable
      than those terms or prices which Metalclad might obtain under normal
      circumstances.</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"><a name="002"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></a></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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. </font></div>
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          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Dated:
              April 7, 2006</font></td>
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><strong>ENTRX
              CORPORATION</strong></font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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          <tr valign="top" bgcolor="#ffffff">
            <td>&#160;</td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td>/s/&#160;<font size="2">Brian D. Niebur</font></td>
          </tr>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Brian
              D.
              Niebur, Treasurer and Chief Financial
              Officer</font></td>
          </tr>

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{"company-data": {"conformed-name": "ENTRX CORP", "cik": "0000013547", "assigned-sic": "1700", "irs-number": "952368719", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-02000", "film-number": "06748401"}, "business-address": {"street1": "800 NICOLLET MALL", "street2": "SUITE 2690", "city": "MINNEAPOLIS", "state": "MN", "zip": "55402", "phone": "612 333-0614"}, "mail-address": {"street1": "800 NICOLLET MALL", "street2": "SUITE 2690", "city": "MINNEAPOLIS", "state": "MN", "zip": "55402"}, "former-company": [{"former-conformed-name": "METALCLAD CORP", "date-changed": "19920703"}, {"former-conformed-name": "BOWER INDUSTRIES INC", "date-changed": "19870618"}, {"former-conformed-name": "PHOENIX GEMS INC", "date-changed": "19730617"}]}
Unassociated Document
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): April 3, 2006
Entrx
                Corporation
(Exact
                  name of registrant as specified in its
                  charter)
Delaware
0-2000
95-2368719
(State
                or other jurisdiction of incorporation)
(Commission
                File Number)
(IRS
                Employer Identification No.)
800
                Nicollet Mall, Suite 2690,
Minneapolis,
                Minnesota
55402
(Address
                of principal executive offices)
(Zip
                Code)
Registrant's
      telephone number, including area code: (612) 333-0614
N/A
(Former
          name or former address, if change 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:
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 13c-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))
INFORMATION
      TO BE INCLUDED IN THIS REPORT
Section
      2 - Financial Information
Item 2.04.
Triggering
      Events that Accelerate or Increase a Direct Financial Obligation or an
      Obligation under an Off-Balance Sheet Arrangement
The
      Company's subsidiary, Metalclad Insulation Company ("Metalclad"), has a
      $1,000,000 line of credit from the Far East National Bank (the "Bank"), which
      matures on May 1, 2006. The amount due under the line of credit was
      $775,000 as of December 31, 2005, and $1,000,000, as of March 31, 2006. The
      line
      of credit is secured by certain assets of Metalclad, including the land and
      building from which Metalclad currently conducts its business. The line of
      credit is also guaranteed by Entrx, and secured by Entrx's equity interest in
      Metalclad.
The
      line
      of credit agreements with the Bank contain a number of financial covenants,
      including covenants requiring Metalclad to maintain a minimum amount of income
      and cash flow, as well as a minimum tangible net worth of $3,000,000, a
      two-to-one debt to net worth ratio, and a 1.25 to 1 current ratio. In addition,
      Entrx has provided a covenant that it will maintain a net worth of $4,000,000.
      A
      default in the maintenance of any of these covenants constitutes an event of
      default, allowing the Bank to accelerate the due date of the amounts owed to
      the
      Bank under the line of credit, so that such debt becomes immediately due. These
      financial covenants are measured at the end of each interim fiscal quarter,
      and
      at the end of each fiscal year.
Under
      its
      agreements with the Bank, Metalclad and Entrx are each required to provide
      the
      Bank with quarterly financial statements relating to each entity within 45
      days
      after the end of each interim fiscal quarter, and annual audited financial
      statements within 120 days following the end of each fiscal year. In addition,
      Metalclad is required to provide the Bank with a certificate within 45 days
      of
      each interim fiscal quarter that no event of default exists under the line
      of
      credit agreements.
As
      of
      December 31, 2005, the Company's and Metalclad's audited financial statements
      will disclose that on that date neither Entrx nor Metalclad was in compliance
      with a number of their respective financial covenants. Metalclad's and Entrx's
      failure to comply with the financial covenants was substantially the result
      of
      losses which are estimated to be sustained in connection with a fixed-price
      asbestos abatement project undertaken by Metalclad. The project involves the
      removal of asbestos insulation from large boilers, and was entered into with
      Cleveland Wrecking Company on February 8, 2005. After undertaking the
      project, the thickness of the asbestos was discovered to be approximately two
      times thicker than originally anticipated, and the workers promised to be
      provided by the union, with which Metalclad has a contract, failed to be
      supplied, requiring Metalclad to seek and engage other workers at a greater
      expense and causing delays in the project.
On
      approximately September 30, 2005, the Company projected that it would incur
      a
      loss on the Cleveland Wrecking Company project, and booked a $650,000 loss
      for
      the period ended September 30, 2005. As a result of this loss, the Company
      reported that Metalclad was not in compliance with its income and cash flow
      covenants, and received a waiver of such non-compliance from the Bank. As of
      December 31, 2005, the Company increased its projected loss to $1,050,000.
      This
      increase in the estimated loss will adversely impact other financial covenants
      in the line of credit agreements. This further loss is normally required to
      be
      disclosed to the Bank by delivery of the Company's audited annual financial
      statements. In addition, however, the waiver previously granted by the Bank
      requires that the Company and Metalclad come into compliance with its financial
      covenants by April 3, 2006, which neither was able to do, resulting in an event
      of default on that date.
The
      Company does not anticipate that it will receive a waiver with respect to its
      non-compliance with the various financial covenants contained in its agreements
      with the Bank, or that the Bank will renew the line of credit when it comes
      due
      on May 1, 2006.
Metalclad
      has entered into a contract to sell its Anaheim, California facilities for
      $3,900,000, and anticipates that this transaction will close on or before May
      1,
      2006, providing Metalclad with the cash necessary to pay off its line of credit
      and continue its operations. Following the sale of the building, Metalclad
      intends to lease other facilities in the Anaheim, California area, including
      leasing its sold building for approximately eight months. If the closing of
      the
      sale of the building is significantly delayed, or does not occur, the Bank
      could
      satisfy Metalclad's debt by foreclosing on the assets pledged as collateral for
      the loan, including the Company's Anaheim, California facilities, or in the
      alternative Metalclad might be forced to enter into a new financing arrangement
      or sell assets under terms or prices which may be significantly less favorable
      than those terms or prices which Metalclad might obtain under normal
      circumstances.
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.
Dated:
              April 7, 2006
ENTRX
              CORPORATION
By:
/s/
Brian D. Niebur
Brian
              D.
              Niebur, Treasurer and Chief Financial
              Officer