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 7, 2011 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 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT The Company has agreed to the Fourth Amended and Restated Consulting Agreement with Joseph G. Cremonese, the Chairman of its Board of Directors, and his affiliate, Laboratory Innovation Company, Ltd. The Agreement extends the term of their consultancy services from December 31, 2010 to December 31, 2011 on the same terms as the Third Amended and Restated Consulting Agreement, which provided, inter alia, a compensation of $3,000 per month subject to increase or decrease in the event services were more than 60 days during the 12 month period at the guaranteed rate of $600 per day. Either the Company or the Consultants may terminate the Agreement, except for their confidentiality and non-competition covenants on at least 60 days prior notice ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (a) and (b) not applicable (c) Exhibits Exhibit No. Exhibit ___________ _______ 10A-1 Copy of Consulting Agreement 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: January 18, 2011 By: /s/ Helena R. Santos ________________________ Helena R. Santos, President and Chief Executive Officer