`United States
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

                       Commission File Number:  000-28881

                   For the Second Quarter ended March 31, 2002


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.

Nevada                                                                88-0403762
(Jurisdiction  of  Incorporation)         (I.R.S. Employer  Identification  No.)

24843  Del  Prado,  Suite  326  Dana  Point,  California                   92629
(Address of principal executive offices)                              (Zip Code)

Registrant's  telephone  number,  including  area  code:         (949)  487-7295

Securities  registered  pursuant  to  Section  12(b)  of  the  Act:         None

Securities  registered  pursuant  to  Section 12(g) of the Act:     Common Stock

As  of  May  14,  2002,  72,299,912  shares of the Registrants Common Stock were
issued  and  outstanding.

Transitional  Small  Business  Disclosure  Format  (check one): yes [ ]   no [X]


                          PART I: FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.

     The  financial  statements,  for  the  three and six months ended March 31,
2002,  included herein have been prepared by the Company, without audit pursuant
to  the rules and regulations of the Securities and Exchange Commission. Certain
information  and  footnotes disclosure normally included in financial statements
prepared  in  accordance with generally accepted accounting principles have been
condensed  or  omitted  pursuant  to  such  rules  and regulations, although the
Company  believes  that the disclosures are adequate to make the information not
misleading.

             The Remainder of this Page is Intentionally left Blank

                                        1
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                           BALANCE SHEETS (UNAUDITED)
<TABLE>
<CAPTION>
                                                          March 31,   September 30,
                                                            2002          2001
                                                        (Unaudited)
---------------------------------------------------------------------------------
<S>                                                     <C>           <C>
                                                        ASSETS

CURRENT ASSETS
Cash . . . . . . . . . . . . . . . . . . . . . . . . .  $         0   $       0
                                                        ------------  ----------
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . .            0           0

OTHER ASSETS
Note receivable. . . . . . . . . . . . . . . . . . . .      138,578     138,578
Investments. . . . . . . . . . . . . . . . . . . . . .      349,350     349,350
                                                        ------------  ----------
TOTAL OTHER ASSETS . . . . . . . . . . . . . . . . . .      487,928     487,928
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . .  $   487,928   $ 487,928
                                                        ============  ==========

      LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Notes payable - related parties. . . . . . . . . . . .  $   517,723   $ 346,101
                                                        ------------  ----------

TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . .      517,723     346,101

STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; authorized 100,000,000
   shares; issued and outstanding, 92,299,912 shares
   and 72,299,912 shares respectively. . . . . . . . .       72,300      92,300
Additional Paid-In Capital . . . . . . . . . . . . . .      594,908     574,908
Accumulated other comprenhensive income (loss) . . . .       94,350      94,350
Accumulated Equity (Deficit) . . . . . . . . . . . . .     (791,353)   (619,731)
                                                        ------------  ----------
Total Stockholders' Equity . . . . . . . . . . . . . .      (29,795)    141,827
                                                        ------------  ----------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY . . . . . . .  $   487,928   $ 487,928
                                                        ============  ==========
</TABLE>
                  The accompanying notes are an integral part
                         of these financial statements.

                                        2
<PAGE>

                       OASIS ENTERTAINMENT'S FOURTH MOVIE
                                  PROJECT, INC.
                            STATEMENTS OF OPERATIONS
                                  (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                                        From
                                                                                                   Inception on
                                                  From January                From October           April 9,
                                            1, 2002 to     1, 2001 to   1, 2001 to    1, 2000 to  1998 through
                                             March 31,      March 31,    March 31,      March 31,    March 31,
                                               2002          2001          2002          2001          2002
                                           ------------  ------------  ------------  ------------  ------------
<S>                                        <C>           <C>           <C>           <C>           <C>
  Revenues. . . . . . . . . . . . . . . .  $       -0-   $       -0-   $       -0-   $       -0-   $       -0-
                                           ------------  ------------  ------------  ------------  ------------
  Legal fees. . . . . . . . . . . . . . .            0         1,000             0       106,668       105,668
  Consulting fees . . . . . . . . . . . .            0             0             0       150,000       150,000
  Bad debt expense. . . . . . . . . . . .            0             0             0        46,300        46,300
  General and administrative. . . . . . .       17,929        21,888       171,622       114,053       330,148
                                           ------------  ------------  ------------  ------------  ------------
  Net Operating Income (Loss) . . . . . .  $   (17,929)  $   (22,888)  $  (171,622)  $  (417,021)  $  (632,116)
                                           ============  ============  ============  ============  ============
  Other income (expense)
  Impairment Loss . . . . . . . . . . . .            0             0             0             0      (168,430)
  Interest expense. . . . . . . . . . . .            0             0             0       (21,580)      (38,788)
  Interest income . . . . . . . . . . . .            0             0             0        11,548        47,981
                                           ------------  ------------  ------------  ------------  ------------
  Total other income (expense). . . . . .            0             0             0       (10,032)     (159,237)

  Net Profit (Loss) . . . . . . . . . . .      (17,929)      (22,888)     (171,622)     (427,053)     (791,353)

  Other Comprehensive Income (Loss)

  Holding gain on securities
    available-for-sale. . . . . . . . . .            0             0             0             0        94,350
                                           ------------  ------------  ------------  ------------  ------------
  Total Other Comprehensive Income (Loss)            0             0             0             0        94,350
                                           ------------  ------------  ------------  ------------  ------------
  Net Comprehensive (Loss). . . . . . . .  $   (17,929)  $   (22,888)  $  (171,622)  $  (427,053)  $  (697,003)
                                           ============  ============  ============  ============  ============
  Gain (Loss) per Share . . . . . . . . .  $     (0.00)  $     (0.00)  $     (0.00)  $     (0.01)  $     (0.01)
                                           ============  ============  ============  ============  ============
  Weighted Average
      Shares Outstanding. . . . . . . . .   72,299,904    30,695,777    72,299,904    30,695,777    51,497,841
                                           ============  ============  ============  ============  ============
</TABLE>
                  The accompanying notes are an integral part
                         of these financial statements.

                                        3
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                      STATEMENTS OF CASH FLOW (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                             From
                                                                                         Inception on
                                                              From October  From October    April 9,
                                                               31, 2001 to  31, 2000 to   1998 through
                                                                March 31,   March 31,      March 31,
                                                                   2002         2001         2002
                                                             -----------  -----------  ---------------
<S>                                                          <C>          <C>          <C>
  Operating Activities

    Net Income (Loss) . . . . . . . . . . . . . . . . . . .  $ (171,622)  $ (417,021)  $ (791,353)
    Bad debt expense. . . . . . . . . . . . . . . . . . . .           0       46,300       46,300
    Common Stock issued for services. . . . . . . . . . . .           0      160,000      160,000
    Interest on notes payable - related party . . . . . . .           0        9,000       26,208
  Changes in assets and liabilities
    (Increase) in interest receivable . . . . . . . . . . .           0      (11,548)     (38,578)
    Increase in accounts payable. . . . . . . . . . . . . .     171,622       13,805      172,571
                                                             -----------  -----------  -----------

  Net Cash from Operations. . . . . . . . . . . . . . . . .           0     (199,464)    (424,852)

  Cash flows from investing activities

  Cash paid for investments . . . . . . . . . . . . . . . .           0            0     (255,000)
                                                             -----------  -----------  -----------

  Net cash (used) by investing activities . . . . . . . . .           0            0     (255,000)
                                                             -----------  -----------  -----------

  Cash flows from financing activities

  Proceeds paid on notes receivable - related parties . . .           0            0     (246,300)
  Principal received on notes receivable - related parties.           0            0      100,000
  Proceeds received on notes payable - related parties. . .           0      198,969      345,152
  Common stock issued for cash. . . . . . . . . . . . . . .                               481,000
                                                             -------------------------------------

  Net cash provided by financing activities . . . . . . . .           0      198,969      679,852
                                                             -----------  -----------  -----------

  Net increase (decrease) in Cash . . . . . . . . . . . . .           0         (495)           0

  Cash at beginning of period . . . . . . . . . . . . . . .           0          495          -0-

  Cash as of Statement Date . . . . . . . . . . . . . . . .  $        0   $        0   $        0
                                                             ===========  ===========  ===========
</TABLE>
                  The accompanying notes are an integral part
                         of these financial statements.

                                        4
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2002

NOTES  TO  FINANCIAL  STATEMENTS

Oasis  Entertainment's Fourth Movie Project, Inc. ("the Company") has elected to
omit  substantially  all  footnotes  to  the  financial statements for the three
months  ended  March  31, 2002, since there have been no material changes (other
than indicated in other footnotes) to the information previously reported by the
Company  in  their  Annual Report filed on Form 10-KSB for the Fiscal year ended
September  30,  2001.

UNAUDITED  INFORMATION

The  information  furnished  herein  was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments which
are,  in the opinion of management, necessary to properly reflect the results of
the  period  presented.  The information presented is not necessarily indicative
of  the  results  from  operations  expected  for  the  full  fiscal  year.

                                        5
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS

 (A)  PLAN  OF  OPERATION  FOR  THE NEXT TWELVE MONTHS. Our business and plan of
operation  are  unchanged  from  the disclosure provided in our Annual Report on
Form  10-KSB  for  September  30,  2001.  However,  the probable acquisition, to
acquire  Medical  International  Technology,  Inc.  ("MITI"),  a  Quebec, Canada
corporation,  for  17,000,000  shares,  has  been  cancelled.  Currently  we are
negotiating  a  probable  acquisition  of  Liberator  Medical  Supply,  Inc.


(B)  DISCUSSION  AND  ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  have  recorded  no revenues to date. Our operating expenses for the past two
years have included substantial non-recurring legal and professional expenses in
connection with our 1934 Act Registration of our common stock, auditing expense,
and  expenses  in  connection  with  our OTCBB (Over-The-Counter Bulletin Board)
submission.

     Subsequent  to  the  quarter  end,  a  Settlement Agreement for the current
outstanding  Notes  Payable  has  been  agreed  upon  and is waiting signatures.

                           PART II: OTHER INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.  None

ITEM  2.  CHANGES  IN  SECURITIES.  None.

ITEM  3.  DEFAULTS  ON  SENIOR  SECURITIES.  None

ITEM  4.  SUBMISSION  OF  MATTERS  TO  VOTE  OF  SECURITY  HOLDERS.  None.

ITEM  5.  OTHER  INFORMATION.

     PROBABLE  ACQUISITION.  Currently we are negotiating a probable acquisition
of Liberator Medical Supply, Inc.  The proposed acquisition is being reviewed by
the  Board  of Directors. The actions of the acquisition will require compliance
with  Section  14  of  the  Securities  Exchange Act of 1934. The impact of such
compliance  is  that time may be required before the acquisition would be final,
when and if consummated. We will send a mailed copy to shareholders of record of
Section  14  Information  Statements,  in  compliance  with  Section  14.


ITEM  6.  EXHIBITS  AND REPORTS ON FORM 8-K. On February 14, 2002 we reported on
Form  8-K  a  change in our certifying accountant. The new principal independent
accounting  firm is Chisholm & Associates, Inc., replacing our initial principal
auditor,  HJ  &  Associates,  LLC.  The  decision  to  change  accountants  was
recommended  and  approved  by  our  Board  of  Directors.

                                        6
<PAGE>

                                   SIGNATURES

     In  accordance  with  the  requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized,  and  in  the  capacities  indicated.


Dated:  May  14,  2002

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.

                                       by

 /s/J.  Dan  Sifford
    J.  Dan  Sifford
    President/Director

                                        7
<PAGE>