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): January 2, 2006


                            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                  89706
                            Carson City, Nevada
               (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 if
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 8.01 OTHER EVENTS.

      On January  2,  2006,  the  Registrant  learned  that TIAX LLC has filed a
complaint for breach of contract in Middlesex  Superior Court in  Massachusetts.
The complaint seeks payment of $226,344 that TIAX alleges remains payable by the
Registrant under a Patent and Technology License Agreement that was entered into
between  the  Registrant  and TIAX on July 24,  2003  (the  "Agreement").  It is
Registrant's  position that the Agreement  terminated on June 28, 2005, and that
TIAX's claims are without  merit.  The Registrant  intends to vigorously  defend
itself against the TIAX complaint.

      Additional information regarding the Registrant's dispute with TIAX is set
forth  in  Note 8 to the  financial  statements  contained  in the  Registrant's
Quarterly  Report on Form 10-QSB for the quarter ended September 30, 2005, filed
with the Securities and Exchange Commission on November 23, 2005.



                                   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: January 6, 2006
                                                   /s/ Carl Gruenler
                                         ---------------------------------------
                                         Carl Gruenler, Chief Executive Officer
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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): January 2, 2006

                            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                  89706
                            Carson City, Nevada
               (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 if
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 8.01 OTHER EVENTS.

      On January  2,  2006,  the  Registrant  learned  that TIAX LLC has filed a
complaint for breach of contract in Middlesex  Superior Court in  Massachusetts.
The complaint seeks payment of $226,344 that TIAX alleges remains payable by the
Registrant under a Patent and Technology License Agreement that was entered into
between  the  Registrant  and TIAX on July 24,  2003  (the  "Agreement").  It is
Registrant's  position that the Agreement  terminated on June 28, 2005, and that
TIAX's claims are without  merit.  The Registrant  intends to vigorously  defend
itself against the TIAX complaint.

      Additional information regarding the Registrant's dispute with TIAX is set
forth  in  Note 8 to the  financial  statements  contained  in the  Registrant's
Quarterly  Report on Form 10-QSB for the quarter ended September 30, 2005, filed
with the Securities and Exchange Commission on November 23, 2005.

                                   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: January 6, 2006
                                                   /s/ Carl Gruenler
                                         ---------------------------------------
                                         Carl Gruenler, Chief Executive Officer