<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2006-06-20</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001042017</issuerCik>
        <issuerName>FRMO CORP</issuerName>
        <issuerTradingSymbol>FRMO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001260568</rptOwnerCik>
            <rptOwnerName>GOLDSTEIN LAWRENCE J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1865 PALMER AVE, SUITE 108</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LARCHMONT</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10538</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>FRMO CORP</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2587269</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>HELD BOTH DIRECT AND INDIRECT</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Ownership Breakdown:

Lawrence J. Goldstein is the beneficial and direct owner of 1,935,756 shares.

Lawrence J. Goldstein, IRA is the beneficial and direct owner of 2,500 shares.

Lawrence J. Goldstein is the President of SMP Asset Management, LLC which is the General Partner of Santa Monica Partners, LP, the beneficial owner of 644,013 shares.

Lawrence J. Goldstein is the President of Santa Monica Partners Asset Management, LLC which is the General Partner of Santa Monica Partners II, LP, the beneficial owner of 5,000 shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Lawrence J. Goldstein</signatureName>
        <signatureDate>2006-06-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
