UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                                    WASHINGTO
                                  N, D.C. 20549


                                  -------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

   Date of Report (Date of earliest event reported) May 12, 2005 (May 6, 2005)

                                   LMIC, Inc.
             (Exact name of registrant as specified in its charter)


   DELAWARE                          0-26186                     84-1029 987
---------------             ------------------------            -------------
(State or other             (Commission File Number)            (IRS Employer
jurisdiction of                                              Identification No.)
incorporation)

                 6435 Virginia Manor Road, Beltsville, MD 20705
          (Address of principal executive offices, including zip code)

                     (240) 264-8310 (Registrant's telephone
                          number, including area code)


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 communication 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>


Forward-Looking Statements under the Private Securities Litigation Reform Act of
1995:

This Current Report includes  forward-looking  statements  within the meaning of
Section 27A of the  Securities  Act of 1933, as amended,  and Section 21E of the
Securities and Exchange Act of 1934, as amended.  All statements regarding LMIC,
Inc.  and  its  subsidiaries'  and  affiliates'  (collectively,  the  "Company")
expected future financial position, results of operations, cash flows, financing
plans, business strategy,  products and services,  competitive positions, growth
opportunities, plans and objectives of management for future operations, as well
as statements that include words such as "anticipate,"  "if," "believe," "plan,"
"estimate,"  "expect,"  "intend,"  "may," "could,"  "should,"  "will," and other
similar  expressions  are  forward-looking   statements.   Such  forward-looking
statements  are  inherently  uncertain  and readers must  recognize  that actual
results may differ materially from the Company's expectations.  The Company does
not undertake a duty to update such forward-looking statements. Factors that may
cause  actual  results  to differ  from those in the  forward-looking  statement
include  those set forth in the  Company's  most  recent  Annual  Report on Form
10-KSB,  and also  include  the  Company's  ability to fund its  operations,  to
generate additional sales, to obtain waivers of existing defaults under its debt
documents,  actions of the Company's competitors and changes in general economic
conditions. Many of these factors are outside the Company's control.

ITEM 1.03   BANKRUPTCY OR RECEIVERSHIP

On May 6, 2005, LMIC, Inc. (the  "Registrant")  and its wholly owned subsidiary
LMIC  manufacturing,  Inc.  caused to be filed a  petition  entitled  "Affidavit
Pursuant to Local  Bankruptcy  Rule  1007-2" with the United  States  Bankruptcy
Court of the Southern District of New York under Chapter 11.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS


10.1  Affidavit   Pursuant  to  Local   Bankruptcy  Rule  1007-2  filed  by  the
      Registrant.

10.2  Affidavit   Pursuant  to  Local  Bankruptcy  Rule  1007-2  filed  by  LMIC
      Manufacturing, Inc.


<PAGE>


                                   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 thereunto duly authorized.


Dated: May 12, 2005

                                   LMIC, Inc.

                                    By:    /s/ Luis Negrete
                                    Name:  Luis Negrete
                                    Title: President & Chief Operating Officer
{"company-data": {"conformed-name": "LMIC INC", "cik": "0000946283", "assigned-sic": "3672", "irs-number": "841209978", "state-of-incorporation": "DE", "fiscal-year-end": "0228"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26186", "film-number": "05825249"}, "business-address": {"street1": "135 WEST 50TH STREET", "street2": "SUITE 1700", "city": "NEW YORK", "state": "NY", "zip": "10020", "phone": "9156821761"}, "mail-address": {"street1": "211 WEST WALL", "city": "MIDLAND", "state": "TX", "zip": "79701"}, "former-company": [{"former-conformed-name": "CHESHIRE DISTRIBUTORS INC", "date-changed": "20000419"}, {"former-conformed-name": "PACIFIC DEVELOPMENT CORP", "date-changed": "19960325"}, {"former-conformed-name": "TAMARON OIL & GAS INC /CO/", "date-changed": "19950606"}]}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                                    WASHINGTO
                                  N, D.C. 20549

                                  -------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

   Date of Report (Date of earliest event reported) May 12, 2005 (May 6, 2005)

                                   LMIC, Inc.
             (Exact name of registrant as specified in its charter)

   DELAWARE                          0-26186                     84-1029 987
---------------             ------------------------            -------------
(State or other             (Commission File Number)            (IRS Employer
jurisdiction of                                              Identification No.)
incorporation)

                 6435 Virginia Manor Road, Beltsville, MD 20705
          (Address of principal executive offices, including zip code)

                     (240) 264-8310 (Registrant's telephone
                          number, including area code)

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 communication 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))
Forward-Looking Statements under the Private Securities Litigation Reform Act of
1995:

This Current Report includes  forward-looking  statements  within the meaning of
Section 27A of the  Securities  Act of 1933, as amended,  and Section 21E of the
Securities and Exchange Act of 1934, as amended.  All statements regarding LMIC,
Inc.  and  its  subsidiaries'  and  affiliates'  (collectively,  the  "Company")
expected future financial position, results of operations, cash flows, financing
plans, business strategy,  products and services,  competitive positions, growth
opportunities, plans and objectives of management for future operations, as well
as statements that include words such as "anticipate,"  "if," "believe," "plan,"
"estimate,"  "expect,"  "intend,"  "may," "could,"  "should,"  "will," and other
similar  expressions  are  forward-looking   statements.   Such  forward-looking
statements  are  inherently  uncertain  and readers must  recognize  that actual
results may differ materially from the Company's expectations.  The Company does
not undertake a duty to update such forward-looking statements. Factors that may
cause  actual  results  to differ  from those in the  forward-looking  statement
include  those set forth in the  Company's  most  recent  Annual  Report on Form
10-KSB,  and also  include  the  Company's  ability to fund its  operations,  to
generate additional sales, to obtain waivers of existing defaults under its debt
documents,  actions of the Company's competitors and changes in general economic
conditions. Many of these factors are outside the Company's control.

ITEM 1.03   BANKRUPTCY OR RECEIVERSHIP

On May 6, 2005, LMIC, Inc. (the  "Registrant")  and its wholly owned subsidiary
LMIC  manufacturing,  Inc.  caused to be filed a  petition  entitled  "Affidavit
Pursuant to Local  Bankruptcy  Rule  1007-2" with the United  States  Bankruptcy
Court of the Southern District of New York under Chapter 11.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS

10.1  Affidavit   Pursuant  to  Local   Bankruptcy  Rule  1007-2  filed  by  the
      Registrant.

10.2  Affidavit   Pursuant  to  Local  Bankruptcy  Rule  1007-2  filed  by  LMIC
      Manufacturing, Inc.
SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Dated: May 12, 2005

                                   LMIC, Inc.

                                    By:    /s/ Luis Negrete
                                    Name:  Luis Negrete
                                    Title: President & Chief Operating Officer