UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 10-QSB

(Mark One)
        [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  For the quarterly period ended: May 31, 2003
                                                 ---------------

             [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                                  EXCHANGE ACT

                        For the transition period from to
                        Commission file number 000-28777

                               Crescent Moon, Inc.
                              ---------------------
                     (Exact name of small business issuer as
                            specified in its charter)

           Wyoming                                              86-0970157
--------------------------------------------------------------------------------
  (State or other jurisdiction                                  (IRS Employer
of incorporation or organization)                            Identification No.)

                     2557 Cannan Road, Bloomfield, NY 14469
                    ----------------------------------------
                    (Address of principal executive offices)

                                 (716) 657-1010
                            Issuer's telephone number


         (Former name,  former  address and former fiscal year, if changed since
last report.)


                      APPLICABLE ONLY TO CORPORATE ISSUERS

         State the number of shares  outstanding of each of the issuer's classes
of common equity, as of the latest practical date: February 13, 2004 1,450,000


         Transitional Small Business Disclosure Format (check one).
Yes      ;  No   X
    ----       -----


<PAGE>



PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements



                         INDEPENDENT ACCOUNTANT'S REPORT


Crescent Moon, Inc.

         We have reviewed the accompanying balance sheets of Crescent Moon, Inc.
as of May 31, 2003, and the related statement of operations for the three months
ended May 31, 2003 and 2002 and the  statement of cash flows for the three month
periods  ended  May 31,  2003  and  2002.  These  financial  statements  are the
responsibility of the Company's management.

         We conducted our review in accordance with standards established by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the  expression  of an opinion  regarding the  financial  statements  taken as a
whole. Accordingly, we do not express such an opinion.

         Based on our  review,  we are not aware of any  material  modifications
that should be made to the financial statements referred to above for them to be
in conformity with accounting principles generally accepted in the United States
of America.

         We have  previously  audited,  in accordance  with  auditing  standards
generally  accepted  in the  United  States of  America,  the  balance  sheet of
Crescent  Moon,  Inc. as of February 28,  2003,  and the related  statements  of
operations,  cash flows, and  stockholders'  equity for the year then ended (not
presented  herein);  and in our report dated  November 13, 2003, we expressed an
unqualified  opinion  on  those  financial  statements.   In  our  opinion,  the
information set forth in the accompanying balance sheet as of February 28, 2003,
is fairly  stated,  in all material  respects,  in relation to the balance sheet
from which it has been derived.

                                                    Respectfully Submitted,


                                                     /s/ Robison, Hill & Co.
                                                    Certified Public Accountants
Salt Lake City, Utah
February 19, 2004

                                        2

<PAGE>



                               CRESCENT MOON, INC.
                                 BALANCE SHEETS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                  May 31,           February 28,
ASSETS                                                                              2003                2003
                                                                             ------------------  ------------------
     Current Assets:
<S>                                                                          <C>                 <C>
          Cash                                                               $            1,662  $            2,771
          Income Tax Receivable                                                             541                 541
                                                                             --------------------------------------
               Total Current Assets                                                       2,203               3,312
                                                                             ------------------  ------------------

     Property and Equipment:
          Office Furniture and Equipment                                                 11,332              11,332
          Port-O-Pot and Trailers                                                       397,039             384,539
          Polyportable Equipment                                                         18,116              18,116
          Less Accumulated Depreciation                                                (313,557)           (310,533)
                                                                             ------------------  ------------------
               Net Fixed Assets                                                         112,930             103,454
                                                                             ------------------  ------------------

     Other Assets: Deferred Tax Assets                                                    2,834               2,834
                                                                             ------------------  ------------------

TOTAL ASSETS                                                                 $          117,967  $          109,600
                                                                             ==================  ==================

LIABILITIES AND STOCKHOLDER'S EQUITY
     Current Liabilities:
          Accounts Payable                                                   $           26,164  $           32,886
          Accrued Expenses                                                                4,595               3,150
          Customer Deposits                                                               5,718               1,446
          Related Party Note Payable                                                     15,080              10,030
          Bank Line of Credit                                                            44,213              44,202
          Current Portion of Long-Term Debt                                              22,324              17,163
                                                                             ------------------  ------------------
               Total Current Liabilities                                                118,094             108,877
                                                                             ------------------  ------------------

     Non-Current Liabilities:
          Long-Term Notes Payable                                                        21,602              13,404
                                                                             ------------------  ------------------
                Total Non-Current Liabilities                                            21,602              13,404
                                                                             ------------------  ------------------

TOTAL LIABILITIES                                                                       139,696             122,281
                                                                             ------------------  ------------------
     Stockholders' Equity:
          Common Stock, Par Value $.001,  Authorized  100,000,000 shares, Issued
          and Outstanding 1,450,000 and 1,200,000 at May 31, 2003 and
          February 28, 2003                                                               1,450               1,450
          Additional Paid in Capital                                                      8,650               8,650
          Retained Earnings (Deficit)                                                   (31,829)            (22,781)
                                                                             ------------------  ------------------
               Total Stockholders' Equity                                               (21,729)            (12,681)
                                                                             ------------------  ------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                   $          117,967  $          109,600
                                                                             ==================  ==================
</TABLE>

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

                                        3

<PAGE>




                               CRESCENT MOON, INC.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                   For the Three Months Ended
                                                                                            May 31,
                                                                             --------------------------------------
                                                                                    2003                2002
                                                                             ------------------  ------------------

<S>                                                                          <C>                 <C>
Revenues:                                                                    $           22,519  $           35,994
                                                                             ------------------  ------------------
Expenses:
   Advertising                                                                            1,742               1,198
   General and Administrative                                                            36,879              69,902
                                                                             ------------------  ------------------

      Total Operating Expenses                                                           38,621              71,100
                                                                             ------------------  ------------------
Net Operating Income

Other Income (Expense)
   Gain (Loss) on Disposal of Assets                                                      7,500                (852)
   Interest Expense                                                                        (446)               (614)
                                                                             ------------------  ------------------

   Net Other Income (Expense)                                                             7,054              (1,466)
                                                                             ------------------  ------------------

   Net Income (Loss) Before Taxes                                                        (9,048)            (36,572)

Income and Franchise Taxes                                                                    -                 278
Deferred Income Tax                                                                           -                   -
                                                                             ------------------  ------------------

     Net Income (Loss)                                                       $           (9,048) $          (36,850)
                                                                             ==================  ==================

Basic & Diluted Earnings
    (Loss) per Share                                                         $           (0.01)  $           (0.03)
                                                                             ==================  ==================

Weighted Average Shares                                                               1,450,000           1,200,000
                                                                             ==================  ==================
</TABLE>

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

                                        4

<PAGE>



                               CRESCENT MOON, INC.
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                For the Three Months Ended
                                                                                         May 31,
                                                                       --------------------------------------------

                                                                               2003                    2002
                                                                       ---------------------   --------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                    <C>                     <C>
Net Income (Loss)                                                      $              (9,048)  $            (36,850)
Adjustments to reconcile net loss to net cash
Provided by operating activities
Depreciation                                                                          10,524                 17,794
(Gain)Loss on Disposal of Assets                                                      (7,500)                   852
(Increase) Decrease in Accounts Receivable                                                 -                 (7,230)
(Increase) Decrease in Income Tax Receivable                                                                      -
Increase (Decrease) Accounts Payable                                                  (6,722)                 8,046
Increase (Decrease) Accrued Expenses                                                   1,445                      -
Increase (Decrease) Customer Deposits                                                  4,272                      -
                                                                       ---------------------   --------------------

 Net Cash provided (used) by operating activities                                     (7,029)               (17,388)
                                                                       ---------------------   --------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
Sale (Purchase) of Fixed Assets                                                      (12,500)                (4,000)
                                                                       ---------------------   --------------------

Net cash provided (used) by investing activities                                     (12,500)                (4,000)
                                                                       ---------------------   --------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Notes Payable                                                           20,000                      -
Principal payments on Notes Payable                                                   (6,641)                (7,475)
Net Increase (Decrease) Related Party Payable                                          5,050                 68,208
Net Increase (Decrease) Line of Credit                                                    11                (40,252)
                                                                       ---------------------   --------------------

 Net Cash Provided by (used in) Financing Activities                                  18,420                 20,481
                                                                       ---------------------   --------------------

Net (Decrease) Increase in Cash and Cash Equivalents                                  (1,109)                  (907)
Cash and Cash Equivalents at Beginning of Period                                       2,771                  1,980
                                                                       ---------------------   --------------------

Cash and Cash Equivalents at End of Period                             $               1,662   $              1,073
                                                                       =====================   ====================


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
  Interest                                                             $                 446   $                614
  Franchise and income taxes                                           $                   -   $                278
</TABLE>

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES: None

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

                                        5

<PAGE>



                               CRESCENT MOON, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         This  summary  of  accounting  policies  for  Crescent  Moon,  Inc.  is
presented to assist in understanding  the Company's  financial  statements.  The
accounting policies conform to generally accepted accounting principles and have
been consistently applied in the preparation of the financial statements.

         The unaudited financial statements as of May 31, 2003 and for the three
months then ended reflect, in the opinion of management,  all adjustments (which
include  only  normal  recurring  adjustments)  necessary  to  fairly  state the
financial  position and results of operations  for the three  months.  Operating
results for interim periods are not necessarily  indicative of the results which
can be expected for full years.

Organization and Basis of Presentation

         The Company was incorporated under the laws of the State of New York on
March 2, 1995.

         On June 3, 2002,  the Company  merged with Cherokee  Investments,  Inc.
(Cherokee),  a Wyoming  corporation.  The merger was  accounted for as a reverse
merger,  with the Company being  treated as the  acquiring  entity for financial
reporting  purposes.  In connection with this merger, the Company issued 250,000
shares of common stock in exchange for the assets and  liabilities  of Cherokee.
As a result of the merger, the Company became a Wyoming corporation.

         The merger was recorded as a recapitalization.  In connection with this
recapitalization, the number of shares outstanding prior to the merger have been
restated  to  their  post  merger  equivalents  (increased  from  25  shares  to
1,200,000).  All  references  in the  accompanying  financial  statements to the
number of Common  shares and  per-share  amounts for 2002 have been  restated to
reflect the equivalent number of post merger shares.

Nature of Business

         The Company is primarily in the business of providing portable restroom
services.  In addition the Company acts as a warehouser for PolyPortables,  Inc.
by assembling and storing plastic portable toilets.

Cash and Cash Equivalents

         For purposes of the statement of cash flows, the Company  considers all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.


                                        6

<PAGE>



                               CRESCENT MOON, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Concentration of Credit Risk

         The  Company has no  significant  off-balance-sheet  concentrations  of
credit  risk such as foreign  exchange  contracts,  options  contracts  or other
foreign  hedging  arrangements.  The Company  maintains the majority of its cash
balances with one financial institution, in the form of demand deposits.

Pervasiveness of Estimates

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles  required  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.

Earnings (Loss) per Share

         Basic loss per share has been  computed  by  dividing  the loss for the
year  applicable to the common  stockholders  by the weighted  average number of
common  shares  outstanding  during the years.  There were no common  equivalent
shares outstanding at May 31, 2003 and 2002.

Revenue Recognition

         Revenue is  recognized  as services  are  performed  or as products are
sold.

Fixed Assets

         Fixed  assets are  stated at cost.  Deprecation  expense  for the three
months  ended May 31, 2003 and 2002 was $10,524 and  $16,807.  Depreciation  and
amortization are computed using the straight- line and accelerated  methods over
the estimated economic useful lives of the related assets as follows:

         Office Equipment                                     3-5 years
         Port-O-Pot and Trailers                              5-7 years
         Polyportable Equipment                               5-7 years


                                        7

<PAGE>



                               CRESCENT MOON, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Fixed Assets (Continued)

         Upon sale or other disposition of property and equipment,  the cost and
related  accumulated  depreciation or amortization are removed from the accounts
and any gain or loss is included in the determination of income or loss.

         Expenditures  for  maintenance  and  repairs  are charged to expense as
incurred.  Major overhauls and betterments are capitalized and depreciated  over
their estimated economic useful lives.

Advertising

         Advertising  costs are  expensed as incurred.  Advertising  expense was
$1,742 and $1,198 for the three months ended May 31, 2003 and 2002.

Reclassifications

         Certain  reclassifications have been made in the May 31, 2002 financial
statements to conform with the May 31, 2003 presentation.

Income Taxes

         The Company  accounts  for income  taxes under the  provisions  of SFAS
No.109,  "Accounting  for Income  Taxes." SFAS No.109  requires  recognition  of
deferred  income tax assets and  liabilities  for the expected future income tax
consequences,  based on enacted tax laws, of temporary  differences  between the
financial reporting and tax bases of assets and liabilities.

Comprehensive Income

         The Company does not have any accumulated  comprehensive  income items,
and therefore, is not required to report comprehensive income.







                                        8

<PAGE>



                               CRESCENT MOON, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)
                                   (Continued)

NOTE 2 - RENT AND LEASE EXPENSE (Continued)

         The Company leases  facilities and equipment  under various capital and
operating  leases with  expiration  dates through 2005.  The Company has entered
into a lease  agreements  for its office and  warehouse  facilities.  The rental
charges are  approximately  $725 per month.  The leases expires in June 2002 and
July 2003.

         Equipment  capitalized  under  capital  leases had fair market value of
$20,359 as of June 18, 2001 (date of acquisition of the equipment and assumption
of the related leases by the Company).  Total rental expense for the Company for
the  three  months  ended  May  31,  2003  and,  2002  was  $3,190  and  $3,920,
respectively, including rent under month-to month leases.

Net minimum rental commitments under all non-cancelable  operating leases are as
follows:
<TABLE>
<CAPTION>
                                                             Capital             Operating
                Year Ending December 31,                      Leases              Leases               Total
                                                        ------------------  -------------------  ------------------
<S>                       <C>                           <C>                 <C>                  <C>
                          2003                          $            8,177  $             4,500  $           12,677
                          2004                                       8,177                    -               8,177
                          2005                                       2,725                    -               2,725
                          2006                                           -                    -                   -
                          2007                                           -                    -                   -
                                                        ------------------  -------------------  ------------------
            Total minimum lease payments due                        19,079                4,500              23,579

           Less amounts representing interest                      (1,241)                    -             (1,241)
                                                        ------------------  -------------------  ------------------

                                                        $           17,838  $             4,500  $           22,338
                                                        ==================  ===================  ==================
</TABLE>

         The leases  generally  provides  that  insurance,  maintenance  and tax
expenses  are  obligations  of the  Company.  It is expected  that in the normal
course of business,  leases that expire will be renewed or replaced by leases on
other properties.

NOTE 3 -  RELATED PARTY TRANSACTIONS

         As of May 31, 2003 and February 28, 2003 the Company owes the following
to a stockholder of the Company:
<TABLE>
<CAPTION>
                                                                               May 31,          February 28,
                                                                          ------------------  ----------------
                                                                                 2003               2003
                                                                          ------------------  ----------------
Advances, unsecured, non-interest bearing,
<S>                                                                       <C>                 <C>
due on demand                                                             $           15,080  $         10,030
                                                                          ==================  ================
</TABLE>
                                       9
<PAGE>

                               CRESCENT MOON, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)
                                   (Continued)

NOTE 3 -  RELATED PARTY TRANSACTIONS (Continued)

         The Company  leases a four acre parcel from the  Company's  Stockholder
for  approximately  $350 per month  under an  operating  lease.  The lease began
August 1, 1997 and expired on July 31, 2002. The lease has remained in effect on
a month to month basis.

         The Company leases  warehouse space from the Company's  Stockholder for
approximately $375 per month under an operating lease. The warehouse lease began
July 1, 1998 and expired on June 30, 2003. The lease has remained in effect on a
month to month basis.

         The Company  leases a ten-unit  trailer from the Company's  Stockholder
for $200 per year under an  operating  lease.  The lease began March 1, 1998 and
expired on January  31,  2001.  The lease has  remained  in effect on a month to
month basis.

         The Company leases a pick-up truck from the Company's  Stockholder  for
$684 per  month  under an  operating  lease.  The lease  began  July 1, 1998 and
expired  March 31,  2001.  The lease has  remained in effect on a month to month
basis.

         The Company leases a twenty-unit trailer from the Company's Stockholder
for $756 per year under an  operating  lease.  The lease  began June 1, 1998 and
expired  January 31, 2001.  The lease has remained in effect on a month to month
basis.

NOTE 4 - INCOME TAXES

         Deferred taxes result from temporary  differences in the recognition of
income and expenses for income tax reporting and financial  statement  reporting
purposes.  The Company had  deferred tax benefits of $2,834 and $2,834 as of May
31, 2003 and February 28, 2003,  respectively.  These  deferred tax benefits are
the result of differences between book and tax depreciation of fixed assets.

NOTE 5 - LINE OF CREDIT

         The Company has a $50,000 revolving line of credit payable to M&T Bank,
due on demand with  interest of 1.5% over prime.  The balance due on the line of
credit was  $44,213  and  $44,202  as of May  31,2003  and  February  28,  2003,
respectively.






                                       10

<PAGE>



                               CRESCENT MOON, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)
                                   (Continued)

NOTE 6 - LONG TERM DEBT

         Long-term  liabilities  of the Company at May 31, 2003 and February 28,
2003 consists of the following:
<TABLE>
<CAPTION>
                                                                          May 31,         February 28,
                                                                      ----------------  -----------------
                                                                            2003              2003
                                                                      ----------------  -----------------
Lease Payable to Liberty Financial Group, due June 18, 2004, payable $681.40 per
month with interest at
<C>                                                                   <C>               <C>
13.8%, secured by equipment                                           $          8,185  $           9,908


Note  Payable to M&T Bank,  due August 1, 2003,  payable  $812.36 per month with
interest at 1.0%
over prime, secured by automotive equipment                                      2,395              4,728

Note payable to M&T Bank, due December 24, 2005, payable $531.31 per month, with
interest at 1.5% over prime (5.75% at May 31, 2003), secured by
personal guarantee by the Company's Stockholder                                 14,680             15,931

Note payable to M&T Bank, due March 6, 2006,                                                            -
payable $666.76 per month with interest at 1.5%
over prime (5.75% at May 31, 2003), secured by
equipment                                                                       18,666
                                                                      ----------------  -----------------
                                                                                43,926             30,567
Less Current Portion                                                            22,324             17,163
                                                                      ----------------  -----------------

          Total Long-Term Liability                                   $         21,602  $          13,404
                                                                      ================  =================
</TABLE>

         Principal  payments  due on  long-term  debt for each of the five years
subsequent to May 31, 2003 and thereafter are as follows:

       Year ending:                Amount
---------------------------  ------------------
           2003                          13,785
           2004                          16,871
           2005                          13,870
           2006                               -
           2007                               -
        Thereafter                            -
                             ------------------
           Total             $           44,526
                             ==================

                                       11
<PAGE>

Item 2.  Management's Discussion and Analysis or Plan of Operation.

         The following  statement is made pursuant to the safe harbor  provision
for forward-looking  statements  described in the Private Securities  Litigation
Reform Act of 1995.  Crescent  Moon,  Inc. may make certain  statements  in this
Prospectus,  including,  without  limitation  statements  that contain the words
"believes," "anticipates,"  "estimates," "expects," and words of similar import,
constitute "forward-looking  statements."  Forward-looking statements may relate
to our future growth and profitability;  the anticipated trends in our industry;
and our competitive strengths and business strategies; Further,  forward-looking
statements are based on our current  expectations and are subject to a number of
risks,  uncertainties  and  assumptions  relating to our  operations,  financial
condition and results of operations. For a discussion of factors that may affect
the outcome  projected  in such  statements,  see "Risk  Factors and  Investment
Considerations." If any of these risks or uncertainties  materialize,  or if any
of the  underlying  assumptions  prove  incorrect,  actual  results could differ
materially  from  results  expressed  or implied  in any of our  forward-looking
statements.  We do not undertake any obligation to revise these  forward-looking
statements  to reflect  events or  circumstances  arising after the date of this
10QSB.

PLAN OF OPERATION

         Crescent Moon, Inc. provides  temporary restroom units including single
units,  disability accesses units,  chemical toilets,  and portable trailer with
flush toilets, running water, air conditioning, and stereo sound.

         Crescent  Moon,  Inc.   provides  a  variety  of  services   including;
delivering  and picking up  temporary  restroom  units;  cleaning  and  stocking
temporary restrooms; event planning to determine utility and power requirements,
total restroom capacity needed based on attendance estimates and event duration,
restroom location, and timing and frequency of cleaning and restocking.

         All single  unit  temporary  restrooms,  constructed  of  plastic,  are
purchased from the same manufacturer,  Poly Portables,  to ensure  compatibility
and interchangeability of replacement parts and to reduce inventory requirements
for these parts.

         Restroom trailers are custom built to meet local demands. Four trailers
have been  built by  Crescent  Moon to service  larger  events.  These  chemical
restrooms trailers are durably built with marine plywood interiors to facilitate
ease of cleaning and repairs of any vandalism or other  damage.  Top of the line
flush  restroom  trailers  are  watertight  for  ease  of  cleaning  with a more
attractive white composite  interior and porcelain and stainless steel fixtures.
These trailers were custom built to Crescent  Moon,  Inc.'s  (Formerly  Cherokee
Investments,  Inc.) specifications by Advanced  Containment  Systems,  Inc., and
Ameri-Can  Engineering.  All units are designed to withstand the  vibrations and
torque associated with transportation.

         We have designed an  innovative  pumper truck that utilizes a flat tank
instead of a round tank.  This  enables  drivers to haul more  equipment  at one
time, saving significant time and costs in multiple trips to event sites.

                                       12

<PAGE>



         Market - Crescent Moon, Inc.'s market is the temporary restroom rentals
service, and event management for outdoor events in  Rochester/Western  New York
area.

         Crescent Moon,  Inc.  serves over 200 individual  events in many market
segments including: Sporting events such as regattas, golf tournaments, and town
soccer  leagues;  annual  neighborhood  arts  festivals  such as the  Corn  Hill
Festival and the Park Avenue Festival; carnivals and other fund- raisers; annual
city festivals such as the Lilac Festival;  outdoor concerts and music festivals
for the Finger Lakes  Performing  Arts Center and other;  and individual  events
such as weddings, graduations, and private parties.

Customers  -  Crescent  Moon,  Inc.'s  main  customers  are the  event  planners
themselves.  Large  event  management  organizations-Beau  Productions  and  the
Rochester Broadway Theatre League comprise of 22% of our business. Smaller event
planners such as wedding consultants and catering companies  coordinate multiple
events with  Rochester  Portable  during each season.  Additional  customers are
those in charge of planning only one event such as a not-for-profit  fund-raiser
or a corporate picnic.


RESULTS OF OPERATIONS

Total  Revenues - For the three months ended May 31, 2003 and 2002,  the Company
had total sales of  approximately  $22,519 and $35,994,  respectively.  Revenues
consist  primarily of fees  collected for the rental and  management of portable
restrooms.

Costs and  Expenses  - For the three  months  ended May 31,  2003 and 2002,  the
Company  had  costs  and   expenses  of   approximately   $38,621  and  $71,100,
respectively.  Costs and expenses  consist  primarily  of selling and  marketing
expenses and general and administrative expenses.

LIQUIDITY AND CAPITAL RESOURCES

         For the three  months  ended May 31, 2003 and 2002,  the  Company  used
approximately $7,000 and $17,000 in cash flow from operating activities.

         At May 31, 2003,the Company had total current assets of $2,203 compared
to $3,312  current  assets at February 28,  2003.  The company had a net working
capital deficit of $115,891 and $105,565 at May 31, 2003 and February 28, 2003.

         Net stockholders'  deficit in the Company was $21,729 and $12,681 as of
May 31, 2003 and February 28, 2003.

         The Company  expects future  development and expansion will be financed
through cash flow from  operations and other forms of financing such as the sale
of  additional  equity and debt  securities,  capital  leases  and other  credit
facilities.  There are no assurances  that such  financing  will be available on
terms acceptable or favorable to the Company.


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<PAGE>



Item 3.  Controls and Procedures

         The Company's Chief Executive  Officer and Chief Financial Officer have
concluded,  based on an evaluation  conducted within 90 days prior to the filing
date of this  Quarterly  Report  on Form  10-Q,  that the  Company's  disclosure
controls and  procedures  have  functioned  effectively  so as to provide  those
officers the information necessary whether:

                  (i) this  Quarterly  Report on Form 10-Q  contains  any untrue
                  statement of a material fact or omits to state a material fact
                  necessary  to  make  the  statements  made,  in  light  of the
                  circumstances  under  which such  statements  were  made,  not
                  misleading   with  respect  to  the  period  covered  by  this
                  Quarterly Report on Form 10-Q, and

                  (ii) the financial statements, and other financial information
                  included in this Quarterly Report on Form 10-Q, fairly present
                  in all material respects the financial  condition,  results of
                  operations  and cash flows of the Company as of, and for,  the
                  periods presented in this Quarterly Report on Form 10-Q.

         There  have  been no  significant  changes  in the  Company's  internal
controls or in other factors since the date of the Chief Executive Officer's and
Chief  Financial  Officer's  evaluation  that could  significantly  affect these
internal controls,  including any corrective actions with regards to significant
deficiencies and material weaknesses.


                           PART II - OTHER INFORMATION


Item 1.  Legal Proceedings

         None.

Item 2.  Changes in Securities

         None.

Item 3.  Defaults Upon Senior Securities

         None.

Item 4.  Submission of Matters to a Vote of Security Holders.

         None

Item 5.  Other Information


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<PAGE>



         None.

Item 6.  Exhibits and Reports on Form 8-K

         1.       EXHIBITS

         Exhibit No.       Exhibit

         3.1      Articles of Incorporation(1)

         3.2      Amended Articles of Incorporation(1)

         3.3      Bylaws(1)

         31       Certification of Principal  Executive and Financial Officer as
                  adopted pursuant to Section 302 of the  Sarbanes-Oxley  Act of
                  2002.

         32       Certification  of Principal  Executive and  Financial  Officer
                  Pursuant  to 18 U.S.C  Section  1350 as  Adopted  Pursuant  to
                  Section 906 of the Sarbanes-Oxley Act of 2002.

(b)      The Company did not file a report on Form 8-K during the quarter  ended
         May 31, 2003


(1)      Incorporated  herein  by  reference  from  Registrant's  Form  10SB12G,
         Registration Statement, dated February 16, 2000.



















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<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.


                               CRESCENT MOON, INC.
                                  (Registrant)




DATE:     February 19, 2004                   By:    /s/ Robert P. Denome
       ------------------------                   ------------------------------
                                                  Robert P. Denome
                                                  President, Principal Executive
                                                  and Financial Officer



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