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): August 7, 2006


              SCIENTIFIC INDUSTRIES, INC.
______________________________________________________
(Exact name of registrant as specified in its charter)

Delaware	   	  000-6658      	   04-2217279
_______________  	____________	__________________
(State or other   (Commission    	(IRS Employer No.)
jurisdiction of    File Number)
incorporation)

                    70 Orville Drive
                 Bohemia, New York 11716
______________________________________________________
     (Address of principal executive offices)


                    (631) 567-4700
______________________________________________________
Registrant's telephone number, including area code


                    Not Applicable
______________________________________________________
(Former name or former address, if changed since last
report)




ITEM 8.01	OTHER EVENTS

Registrant issued a press release on August 7, 2006 disclosing
that it has agreed in  principle to acquire a privately-held
producer and distributor of quality catalyst research instruments
for a consideration to consist of $400,000 in cash, 125,000 shares
of its common stock and a five year earn-out based on profitable
revenues.  The acquisition is subject to the execution of a
definitive agreement and the satisfaction of the conditions to be
included therein.  No assurance can be given that an agreement
will be executed by the parties or that the acquisition will be
effected.



ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

(a) and (b) not applicable

(c) Exhibits

Exhibit No.        Exhibit
__________        _________________________
10A-1             Copy of Press Release.










                          SIGNATURE


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.


                             SCIENTIFIC INDUSTRIES, INC.
                             (Registrant)


                             Date:	August 7, 2006

			           By: /s/ Helena R. Santos
                             _________________________
                             Helena R. Santos,
			           President and Chief Executive
 			           Officer