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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"><strong>SECURITIES
        AND EXCHANGE COMMISSION</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>Washington,
        D.C. 20549</strong></font><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"><strong>FORM
        8-K</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>CURRENT
        REPORT</strong></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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PURSUANT
        TO SECTION 13 OR 15(d) OF THE</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>SECURITIES
        EXCHANGE ACT OF 1934</strong></font><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"><strong>Date
        of Report (Date of earliest event reported):</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>
        October 20, 2005 </u></strong></font><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"><strong>INFINIUM
        LABS, INC.</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>(Exact
        name of Registrant as Specified in its Charter)</strong></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="center">
        <table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="100%">

            <tr bgcolor="#ffffff">
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>
                  Delaware</u></font></font></div>
              </td>
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<u><font size="2">&#160;0-50535
</font></u></div>
              </td>
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<u><font size="2">65-1048794
</font></u></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(State
                  or Other Jurisdiction of
                  Incorporation) </font></div>
              </td>
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(Commission
                  File Number) </font></div>
              </td>
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(IRS
                  Employer <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification
                  No.) </font></font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="33.33%">&#160;</td>
              <td width="33.33%">&#160;</td>
              <td width="33.33%">&#160;</td>
            </tr>

        </table>
      </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"><u>1191
        Second Avenue, 5th Floor, Seattle WA 98101</u></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">(Address
        of Principal Executive Offices) (Zip Code)</font><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">Registrant's
        telephone number, including area code </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>(206)
        393-3000</u></font><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="left"><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"><br></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"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">r</font>Written
        communications
        pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</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 style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font face="Wingdings">r</font>
        Soliciting material pursuant to Rule 14a-2 under the
        Exchange Act (17 CFR 240.14a-2)</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 style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font face="Wingdings">r</font>
        Pre-commencement communications pursuant to Rule
        14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</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 style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font face="Wingdings">r</font>
        Pre-commencement communications pursuant to Rule
        13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></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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      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div><br>
      <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"><strong>Section
        4 - Matters Related to Accountants and Financial
        Statements</strong></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="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        4.02 Non-Reliance on Previously Issued Financial Statements or a Related
        Audit
        Report or Completed Interim Review.</strong></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: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        October&#160;20, 2005, our Board of Directors determined that our previously
        issued 2004 audited financial statements and current year first quarter and
        second quarter interim financial statements should not be relied upon because
        they contain errors as addressed in Accounting Principles Board Opinion No.
        20
        and authorized Kevin Bachus, our president and chief executive officer, to
        restate and amend such filings. The errors relate to our failure to record
        (i)
        sufficient loss contingency accruals to cover possible monetary penalties
        and
        interest relating to our failure to file certain payroll and withholding
        tax
        returns and to satisfy required withholding and payroll tax obligations,(ii)
        a
        loss contingency accrual to cover possible monetary damages associated with
        a
        breach of a contractual registration commitment and (iii) an expense accrual
        for
        triggering of dilution protection provisions in warrants issued in connection
        with a convertible debt financing. The item referred to in clause (i) above
        affects all referenced periods, and the other items affect only the current
        year
        second quarter period. </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: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
        recorded accrued payroll and payroll taxes of $834,682 at December 31, 2004
        and
        $1,225,903 at June 30, 2005. These amounts did not include interest and
        penalties. As a result, we believe that the recorded amounts should have
        been
        approximately double that which was actually recorded. </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: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        connection with convertible debt financings in December 2004 totaling
        $2,160,000, we agreed to cause a resale registration statement related to
        the
        underlying shares to be declared effective with the Securities and Exchange
        Commission within an agreed upon time frame. The registration statement was
        filed but not declared effective, and was subsequently withdrawn by us. As
        a
        result, we became subject to contractual penalties in favor of the investors
        generally beginning 120 days from consummation of the financings. The penalties
        are calculated at the rate of 2% of the investment amount for each month
        during
        which the registration is not declared effective beyond the initial 120-day
        period (prorated for partial months). In connection with these financings,
        we
        also issued warrants which included provisions to protect against dilution
        under
        certain circumstances. During the second quarter of the current year, we
        triggered those provisions but failed to recognize an associated
        expense.</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: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
        management has discussed the matters disclosed herein with representatives
        of
        our independent registered public accounting firm, Webb &amp; Company. On
        October 20, 2005 Webb &amp; Company advised us that it believes that disclosure
        should be made or action should be taken to prevent future reliance on the
        audit
        report contained in our Annual Report on Form 10-KSB for the year ended December
        31, 2004 and the interim review in connection with our Quarterly Reports
        on Form
        10-QSB for the quarters ended March 31, 2005 and June 30, 2005. Webb &amp;
        Company has been provided with a copy of the disclosure contained in this
        report
        and, in accordance with SEC rules, has been asked to provide us with a letter
        indicating whether it agrees with the statements made herein and, if not,
        stating the respects in which it does not agree. Upon receipt of such a letter,
        we will promptly amend this report to include the same as an
        exhibit.</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: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Accordingly,
        we intend to amend the above-referenced reports to reflect the required
        accounting adjustments.</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 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>Section
        8 - Other Events</strong></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 style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        8.01 Other Events.</strong></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: 54pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Timothy
        M. Roberts, the Company's Chairman of the Board of Directors, has received
        a
</font><a name="exp2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;Wells
        Notice&#8221; from the staff of the U.S. Securities and Exchange Commission (the
        "SEC"). While not specified by the SEC in the Notice, we believe the Wells
        Notice was issued in connection with the SEC&#8217;s investigation entitled
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>In
        the
        Matter of Certain Fax Blasts</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        relating to &#8220;phony fax scams&#8221; in which several penny stocks, including ours,
        were promoted to potential investors and resulted in charges filed by the
        SEC
        this past summer against two stock promoters. As previously disclosed, our
        company has received subpoenas for documents and our CEO and a former officer
        have been interviewed by the SEC staff in connection with the investigation.
        We
        have and will continue to cooperate fully with the investigation. Under the
        SEC's procedures, the</font></a><a name="exp3"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        Wells
        Notice indicates that the staff of the SEC intends to recommend that the
        SEC
        bring a civil enforcement action against Mr. Roberts alleging violations
        of
        federal securities laws. Recipients of Wells Notices have the opportunity
        to
        respond to the SEC staff before any formal recommendation is made. </font></a></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: 54pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
        Roberts resigned as our CEO and Acting CFO in August 2005. As disclosed at
        that
        time, in connection with his resignation and prior to Mr. Bachus assuming
        his
        new executive role and directorship, we entered into a separation and release
        agreement with Mr. Roberts under which we agreed to make certain equity and
        monthly cash payments to Mr. Roberts, as well as to indemnify Mr. Roberts
        for
        certain matters. We have not made any cash payments to Mr. Roberts under
        the
        agreement or otherwise since his resignation.</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"><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">SIGNATURES</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: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <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 on this 28th day of October 2005.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
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            <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">INFINIUM
                LABS, INC.</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td>&#160;</td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                Kevin
                Bachus&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                &#160;</u></font></td>
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              <td align="left"><font size="2">Name: Kevin Bachus</font></td>
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                  President, CEO and
                  CFO</font>&#160;</div>
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{"company-data": {"conformed-name": "INFINIUM LABS INC", "cik": "0001145019", "assigned-sic": "7389", "irs-number": "651048794", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50535", "film-number": "051162308"}, "business-address": {"street1": "2033 MAIN STREET, SUITE 309", "city": "SARASOTA", "state": "FL", "zip": "34237", "phone": "941.917.0788"}, "mail-address": {"street1": "2033 MAIN STREET, SUITE 309", "city": "SARASOTA", "state": "FL", "zip": "34237"}, "former-company": {"former-conformed-name": "GLOBAL BUSINESS RESOURCES INC", "date-changed": "20010716"}}
Unassociated Document
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 20, 2005
INFINIUM
        LABS, INC.
(Exact
        name of Registrant as Specified in its Charter)
Delaware
0-50535
65-1048794
(State
                  or Other Jurisdiction of
                  Incorporation)
(Commission
                  File Number)
(IRS
                  Employer
Identification
                  No.)
1191
        Second Avenue, 5th Floor, Seattle WA 98101
(Address
        of Principal Executive Offices) (Zip Code)
Registrant's
        telephone number, including area code
(206)
        393-3000
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:
r
Written
        communications
        pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
r
Soliciting material pursuant to Rule 14a-2 under the
        Exchange Act (17 CFR 240.14a-2)
r
Pre-commencement communications pursuant to Rule
        14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
r
Pre-commencement communications pursuant to Rule
        13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section
        4 - Matters Related to Accountants and Financial
        Statements
Item
        4.02 Non-Reliance on Previously Issued Financial Statements or a Related
        Audit
        Report or Completed Interim Review.
On
        October 20, 2005, our Board of Directors determined that our previously
        issued 2004 audited financial statements and current year first quarter and
        second quarter interim financial statements should not be relied upon because
        they contain errors as addressed in Accounting Principles Board Opinion No.
        20
        and authorized Kevin Bachus, our president and chief executive officer, to
        restate and amend such filings. The errors relate to our failure to record
        (i)
        sufficient loss contingency accruals to cover possible monetary penalties
        and
        interest relating to our failure to file certain payroll and withholding
        tax
        returns and to satisfy required withholding and payroll tax obligations,(ii)
        a
        loss contingency accrual to cover possible monetary damages associated with
        a
        breach of a contractual registration commitment and (iii) an expense accrual
        for
        triggering of dilution protection provisions in warrants issued in connection
        with a convertible debt financing. The item referred to in clause (i) above
        affects all referenced periods, and the other items affect only the current
        year
        second quarter period.
We
        recorded accrued payroll and payroll taxes of $834,682 at December 31, 2004
        and
        $1,225,903 at June 30, 2005. These amounts did not include interest and
        penalties. As a result, we believe that the recorded amounts should have
        been
        approximately double that which was actually recorded.
In
        connection with convertible debt financings in December 2004 totaling
        $2,160,000, we agreed to cause a resale registration statement related to
        the
        underlying shares to be declared effective with the Securities and Exchange
        Commission within an agreed upon time frame. The registration statement was
        filed but not declared effective, and was subsequently withdrawn by us. As
        a
        result, we became subject to contractual penalties in favor of the investors
        generally beginning 120 days from consummation of the financings. The penalties
        are calculated at the rate of 2% of the investment amount for each month
        during
        which the registration is not declared effective beyond the initial 120-day
        period (prorated for partial months). In connection with these financings,
        we
        also issued warrants which included provisions to protect against dilution
        under
        certain circumstances. During the second quarter of the current year, we
        triggered those provisions but failed to recognize an associated
        expense.
Our
        management has discussed the matters disclosed herein with representatives
        of
        our independent registered public accounting firm, Webb & Company. On
        October 20, 2005 Webb & Company advised us that it believes that disclosure
        should be made or action should be taken to prevent future reliance on the
        audit
        report contained in our Annual Report on Form 10-KSB for the year ended December
        31, 2004 and the interim review in connection with our Quarterly Reports
        on Form
        10-QSB for the quarters ended March 31, 2005 and June 30, 2005. Webb &
        Company has been provided with a copy of the disclosure contained in this
        report
        and, in accordance with SEC rules, has been asked to provide us with a letter
        indicating whether it agrees with the statements made herein and, if not,
        stating the respects in which it does not agree. Upon receipt of such a letter,
        we will promptly amend this report to include the same as an
        exhibit.
Accordingly,
        we intend to amend the above-referenced reports to reflect the required
        accounting adjustments.
Section
        8 - Other Events
Item
        8.01 Other Events.
Timothy
        M. Roberts, the Company's Chairman of the Board of Directors, has received
        a
"Wells
        Notice" from the staff of the U.S. Securities and Exchange Commission (the
        "SEC"). While not specified by the SEC in the Notice, we believe the Wells
        Notice was issued in connection with the SEC's investigation entitled
In
        the
        Matter of Certain Fax Blasts
,
        relating to "phony fax scams" in which several penny stocks, including ours,
        were promoted to potential investors and resulted in charges filed by the
        SEC
        this past summer against two stock promoters. As previously disclosed, our
        company has received subpoenas for documents and our CEO and a former officer
        have been interviewed by the SEC staff in connection with the investigation.
        We
        have and will continue to cooperate fully with the investigation. Under the
        SEC's procedures, the
Wells
        Notice indicates that the staff of the SEC intends to recommend that the
        SEC
        bring a civil enforcement action against Mr. Roberts alleging violations
        of
        federal securities laws. Recipients of Wells Notices have the opportunity
        to
        respond to the SEC staff before any formal recommendation is made.
Mr.
        Roberts resigned as our CEO and Acting CFO in August 2005. As disclosed at
        that
        time, in connection with his resignation and prior to Mr. Bachus assuming
        his
        new executive role and directorship, we entered into a separation and release
        agreement with Mr. Roberts under which we agreed to make certain equity and
        monthly cash payments to Mr. Roberts, as well as to indemnify Mr. Roberts
        for
        certain matters. We have not made any cash payments to Mr. Roberts under
        the
        agreement or otherwise since his resignation.
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 on this 28th day of October 2005.
INFINIUM
                LABS, INC.
By:
/s/
                Kevin
                Bachus
Name: Kevin Bachus
Title:
                  President, CEO and
                  CFO