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

                                   FORM 10-QSB

                       Commission File Number:  000-28881

                   For the Second Quarter ended June 30, 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  August  15, 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 nine months ended June 30,
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.

     Our  Interim Financial Statements provided herewith treat the acquistion of
Liberator Medical Supply, Inc., as if it had not happened, with such adjustments
for  costs  and  expenses, incurred in connection therewith. The business and/or
operations  of  Liberator  Medical  Supply, Inc. are not a part of our financial
reports.

             The Remainder of this Page is Intentionally left Blank

                                        1
<PAGE>

                        OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                                 (a Development Stage Company)
                                   BALANCE SHEETS (UNAUDITED)

<TABLE>
<CAPTION>
                                                          June 30,   September 30,
                                                            2002         2001
<S>                                                     <C>           <C>
      ASSETS . . . . . . . . . . . . . . . . . . . . .   (Unaudited)

CURRENT ASSETS

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

OTHER ASSETS

Note receivable. . . . . . . . . . . . . . . . . . . .            0     138,578
Investments. . . . . . . . . . . . . . . . . . . . . .            0     349,350
                                                        ------------  ----------
TOTAL OTHER ASSETS . . . . . . . . . . . . . . . . . .            0     487,928
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . .  $         0   $ 487,928
                                                        ============  ==========

      LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Accounts payable . . . . . . . . . . . . . . . . . . .  $         0   $     949
Notes payable - related parties. . . . . . . . . . . .      245,705     345,152
                                                        ------------  ----------
TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . .      245,705     346,101

STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; authorized 100,000,000
   shares; issued and outstanding, 72,299,912 shares
   and 72,299,912 shares respectively. . . . . . . . .       42,205      92,300
Additional Paid-In Capital . . . . . . . . . . . . . .      625,003     574,908
Accumulated other comprenhensive income (loss) . . . .       94,350      94,350
Accumulated Equity (Deficit) . . . . . . . . . . . . .   (1,007,263)   (619,731)
                                                        ------------  ----------
Total Stockholders' Equity . . . . . . . . . . . . . .     (245,705)    141,827
                                                        ------------  ----------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY . . . . . . .  $         0   $ 487,928
                                                        ============  ==========
</TABLE>

                  The accompanying notes are an integral part
                         of these financial statements.

                                        2
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (a Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                    From
                                                                                                Inception on
                                         From April      From April   From October  From October   April 9,
                                         1, 2002 to      1, 2001 to   1, 2001 to    1, 2000 to   1998 through
                                           June 30,       June 30,      June 30,     June 30,     June 30,
                                             2002          2001          2002          2001          2002
<S>                                      <C>           <C>           <C>           <C>           <C>
Revenues. . . . . . . . . . . . . . . .  $         0   $         0   $         0   $         0   $         0
                                         ------------  ------------  ------------  ------------  ------------
General and administrative. . . . . . .       11,185        21,888       182,807        37,891       643,301
                                         ------------  ------------  ------------  ------------  ------------
Net Operating Income (Loss) . . . . . .  $   (11,185)  $   (21,888)  $  (182,807)  $   (37,891)  $  (643,301)
                                         ============  ============  ============  ============  ============

Other income (expense)

Holding gain on securities. . . . . . .            0       183,750             0       183,750             0
Impairment Loss . . . . . . . . . . . .            0             0             0             0      (168,430)
(Loss) from discontinued operations . .     (204,725)            0      (204,725)            0      (204,725)
Interest expense. . . . . . . . . . . .            0        (3,145)            0        (6,290)      (38,788)
Interest income . . . . . . . . . . . .            0         2,887             0         5,774        47,981
                                         ------------  ------------  ------------  ------------  ------------
Total other income (expense). . . . . .     (204,725)      183,492      (204,725)      183,234      (363,962)

Net Profit (Loss) . . . . . . . . . . .     (215,910)      161,604      (387,532)      145,343    (1,007,263)

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). . . . . . . .     (215,910)  $   161,604   $  (387,532)  $   145,343   $  (912,913)
                                         ------------  ------------  ------------  ------------  ------------
Gain (Loss) per Share . . . . . . . . .  $     (0.00)  $      0.01   $     (0.01)  $      0.01   $     (0.08)
                                         ============  ============  ============  ============  ============
Weighted Average
    Shares Outstanding. . . . . . . . .   72,299,914    14,180,000    73,948,264    14,080,000    10,783,363
                                         ============  ============  ============  ============  ============
</TABLE>

                  The accompanying notes are an integral part
                         of these financial statements.

                                        3
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (a Development Stage Company)
                      STATEMENTS OF CASH FLOW (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                            From
                                                                                        Inception on
                                                              From October From October   April 9,
                                                               1, 2001 to   1, 2000 to  1998 through
                                                                June 30,     June 30,     June 30,
                                                                  2002         2001          2002
<S>                                                            <C>         <C>         <C>
  Operating Activities

    Net Income (Loss) . . . . . . . . . . . . . . . . . . . .  $(387,532)  $ (37,891)  $(1,007,263)
    Bad debt expense. . . . . . . . . . . . . . . . . . . . .          0           0        46,300
    Common Stock issued for services. . . . . . . . . . . . .          0           0       160,000
    Interest on notes payable - related party . . . . . . . .          0      (6,352)       26,208
  Changes in assets and liabilities
    (Increase) in interest receivable . . . . . . . . . . . .          0           0       (38,578)
    Increase in accounts payable. . . . . . . . . . . . . . .    387,532      21,888       388,481
                                                               ----------  ----------  ------------
  Net Cash from Operations. . . . . . . . . . . . . . . . . .          0     (22,355)     (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
    Contributed Capital . . . . . . . . . . . . . . . . . . .          0       3,655             0
    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      18,286       345,152
    Common stock issued for cash. . . . . . . . . . . . . . .          0           0       481,000
                                                               ----------  ----------  ------------
  Net cash provided by financing activities . . . . . . . . .          0      21,941       679,852
                                                               ----------  ----------  ------------

  Net increase (decrease) in Cash . . . . . . . . . . . . . .          0        (414)            0

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

  Cash as of Statement Date . . . . . . . . . . . . . . . . .  $       0   $      81   $         0
                                                               ==========  ==========  ============

  Suplemental Cash Flow Information
    Cash Paid for:
    Interest. . . . . . . . . . . . . . . . . . . . . . . . .  $       0   $       0   $         0
    Taxes . . . . . . . . . . . . . . . . . . . . . . . . . .  $       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
                                  June 30, 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  June  30,  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.

DISCONTINUED  OPERATIONS

As  of  the beginning of the accounting period reported herein, the Company held
assets  related  its  discontinued  operations  totaling  $487,928  composed  of
$138,578  in a note receivable from an affiliate and $349,350 in securities of a
former affiliate company.  It also had liabilities totaling $528,908 composed of
$527,959  in  a note payable to the same affiliate/debtor as the note receivable
and  $949  in  accounts  payable.  In  June 2002, the Company's affiliate/debtor
agreed  to accept the $487,928 in assets in exchange for forgiveness of $283,203
of  debt.


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. We had made an acquistion of
Liberator  Medical  Supply,  Inc. The acquisition closed as between the parties,
and  was  reported.  The  rescission  of  that  acquisition by mutual consent is
evidenced  by  that certain Rescission Agreement, attached as Exhibit 2.2 to the
form  8K  filed about August 14, 2002.   Mark A. Libratore will not control this
Issuer.  The  acquisition by Oasis Entertainmnet's Fourth Movie Project, Inc. of
Liberator  Medical  Supply,  Inc. has been rescinded by mutual consent.  Interim
control  of  this  Registrant  has passed to Luke C. Zouvas, Attorney at Law, as
Custodian,  to  act  as  interim  Officer/Director  for  the limited purposes of
restoring  Oaisis  to  its  pre-rescission  condition.

(B)  DISCUSSION  AND  ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  have  recorded  no  revenues  in  recent or comparable period. 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. More recently additional legal and
professional  expenses  have  been  incurred.

                           PART II: OTHER INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.  None.

ITEM  2.  CHANGES  IN SECURITIES. On 5/23/02 we issued 30,000,000 shares for the
acquisition  and  cancelled 60,095,000 former affiliate shares. By virtue of the
rescission,  the 30,000,000 shares are being cancelled and the 60,095,000 shares
reissued,  effective  as  of  5/23/02.  We  wiil reinstate the prevous positions
effective  as  of  5/23/02.  These  shareholders will become record holders from
their  original  acquisition  dates.

ITEM  3.  DEFAULTS  ON  SENIOR  SECURITIES.  None.

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

ITEM  5.  OTHER INFORMATION. The change of auditors which would have occurred if
the  acquisition  had  not  been rescinded, has not occurred and will not occur.
There  is  and  will  be  no  change  of  auditors.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K. On August 14, 2002 we reported on Form
8-K  the  rescission  of  the  acquisition  of  Liberator  Medical  Supply, Inc.


                                   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.


                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.

Dated:  August  19,  2002

                                       by


                                /s/Luke C. Zouvas
                                 Luke C. Zouvas
                               attorney custodian
                       acting as interim Officer/Director

                                        6
<PAGE>