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, 2002
                               -------------------------------------------------

       [  ]   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

        Cherokee Investments, 11601 East Lusitano Place, Tucson, AZ 85748
 -------------------------------------------------------------------------------
     (Former name,  former address and former fiscal year, if changed since last
report.)


                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDING DURING THE PRECEDING FIVE YEARS

     Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court. Yes ----- No -----



<PAGE>




                      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:  June  3,  2002  1,450,000

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









































<PAGE>

<TABLE>
<CAPTION>
                                    CONTENTS


                                                                                                          Page

<S>                                                                                                       <C>
Independent Accountant's Report............................................................................F - 1

Balance Sheets
   May 31, 2002 and February 28, 2002......................................................................F - 2

Statements of Operations for the
   Three Months Ended May 31, 2002 and 2001................................................................F - 3

Statements of Cash Flows for the
   Three Months Ended May 31, 2002 and 2001................................................................F - 4

Notes to Financial Statements..............................................................................F - 6
</TABLE>

<PAGE>

PART I


Item 1.  Financial Statements


                         INDEPENDENT ACCOUNTANT'S REPORT


Crescent Moon, Inc.
(Formerly Cherokee Investments, Inc.)


     We have reviewed the  accompanying  balance sheets of Crescent  Moon,  Inc.
(Formerly Cherokee  Investments,  Inc.) as of May 31, 2002 and February 28, 2002
and the  related  statements  of  operations  and cash flows for the three month
periods  ended  May 31,  2002  and  2001.  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 statement 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  accompanying  financial  statements  for  them to be in
conformity with generally accepted accounting principles.

                                                   Respectfully submitted



                                                   /s/ Robison, Hill & Co.
                                                   Certified Public Accountants

Salt Lake City, Utah
July 30, 2002



                                       F-1

<PAGE>



                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                                 BALANCE SHEETS
<TABLE>
<CAPTION>

                                                                      May 31,        February 28,
                                                                        2002             2002
                                                                  ----------------  ---------------
ASSETS:
   Current Assets
<S>                                                               <C>               <C>
     Cash                                                         $          1,073  $         1,980
     Accounts Receivable                                                     8,294                -
                                                                  ----------------  ---------------
        Total Current Assets                                                 9,367            1,980
                                                                  ----------------  ---------------
   Fixed Assets
     Office Equipment                                                        2,510            2,510
     Port-O-Pot and Trailers                                               333,110          329,110
     Polyportable Equipment                                                 18,116           18,116
     Crescent Moon                                                          26,369           26,369
                                                                  ----------------  ---------------
        Total Fixed Assets                                                 380,105          376,105
        Less Accumulated Depreciation                                     (283,945)        (268,346)
                                                                  ----------------  ---------------
            Net Fixed Assets                                                96,160          107,759
                                                                  ----------------  ---------------
   Total Assets                                                   $        105,527  $       109,739
                                                                  ================  ===============

LIABILITIES AND STOCKHOLDER'S EQUITY
Liabilities
   Current Liabilities
     Accounts Payable                                             $          9,252  $         8,251
     Advances from Shareholder                                             119,525           18,687
     Bank Line of Credit                                                       748           41,000
     Current Portion of Long-Term Debt                                       3,688           16,125
                                                                  ----------------  ---------------
       Total Current Liabilities                                           133,213           84,063
   Notes Payable                                                            44,395           36,984
                                                                  ----------------  ---------------
     Total Liabilities                                                     177,608          121,047
                                                                  ----------------  ---------------
Stockholders' Equity:
  Common Stock, No Par Value
    Authorized 200 shares, Issued 25 shares
    at May 31, 2002 and February 28, 2002                                   10,100           10,100
  Retained Earnings (Deficit)                                              (82,181)         (21,408)
                                                                  ----------------  ---------------
     Total Stockholders' Equity                                            (72,081)         (11,308)
                                                                  ----------------  ---------------
       Total Liabilities and Stockholders' Equity                 $        105,527  $       109,739
                                                                  ================  ===============
</TABLE>

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

                                       F-2

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                            STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
                                                             For the Three Months Ended
                                                                       May 31,
                                                    ---------------------------------------------

                                                            2002                    2001
                                                    ---------------------   ---------------------

<S>                                                 <C>                     <C>
Revenues:                                           $              36,670   $              52,195
                                                    ---------------------   ---------------------

Expenses:
   Advertising                                                      1,198                   1,481
   General and Administrative                                      47,787                 166,215
                                                    ---------------------   ---------------------

      Total Operating Expenses                                     48,985                 167,696

Other Income (Expense)                                            (48,180)                 68,840
                                                    ---------------------   ---------------------

   Net Other Income (Expense)                                     (48,180)                 68,840
                                                    ---------------------   ---------------------

Net Income (Loss) Before
   Taxes                                                          (60,495)                (46,661)

Income and Franchise Taxes                                            278                     100
                                                    ---------------------   ---------------------

     Net Income (Loss)                              $             (60,773)  $             (46,761)
                                                    =====================   =====================

Basic & Diluted Earnings
    (Loss) per Share                                $         (2,430.92)    $         (1,870.44)
                                                    =====================   =====================
</TABLE>








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

                                       F-3

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                For the Three Months Ended
                                                                                         May 31,
                                                                       --------------------------------------------

                                                                               2002                    2001
                                                                       ---------------------   --------------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
<S>                                                                    <C>                     <C>
Net Income (Loss)                                                      $             (60,773)  $            (46,761)
Non-Cash Operating Activities:
   Gain on Sale of Equipment                                                               -                      -
   Depreciation                                                                       15,599                 17,548
(Increase) Decrease in Accounts Receivable                                            (8,294)               (14,235)
Increase (Decrease) Accounts Payable                                                   1,001                  1,539
Increase (Decrease) Customer Deposits                                                      -                 (1,006)
                                                                       ---------------------   --------------------

 Net Cash provided by operating activities                                           (52,467)               (42,915)
                                                                       ---------------------   --------------------

CASH FLOWS FROM INVESTING
ACTIVITIES:
Purchase of Fixed Assets                                                              (4,000)               (45,997)
Proceeds from Sale of Equipment                                                            -                      -
                                                                       ---------------------   --------------------

Net cash provided by (used in)
 investing activities                                                                 (4,000)               (45,997)
                                                                       ---------------------   --------------------

CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from Notes Payable                                                                -                 39,819
Principal payments on Notes Payable                                                   (5,026)                (2,757)
Net Advances from Shareholder                                                        100,838                 (3,255)
Net Increase (Decrease) Line of Credit                                               (40,252)                30,996
                                                                       ---------------------   --------------------
Net Cash Provided by (used in)
 Financing Activities                                                                 55,560                 64,803
                                                                       ---------------------   --------------------

Net (Decrease) Increase in
  Cash and Cash Equivalents                                                             (907)               (24,109)
Cash and Cash Equivalents
  at Beginning of Period                                                               1,980                 27,638
                                                                       ---------------------   --------------------

 Cash and Cash Equivalents at End of Period                            $               1,073   $              3,529
                                                                       =====================   ====================
</TABLE>



                                       F-4

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                            STATEMENTS OF CASH FLOWS
                                   (continued)
<TABLE>
<CAPTION>

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

                                                                               2002                    2001
                                                                      ----------------------   --------------------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
<S>                                                                   <C>                      <C>
  Interest                                                            $                    -   $                  -
  Franchise and income taxes                                          $                  278   $                100
</TABLE>

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


























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

                                       F-5

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
                FOR THE THREE MONTHS ENDED MAY 31, 2002 AND 2001

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     This  summary of  accounting  policies for Crescent  Moon,  Inc.  (Formerly
Cherokee  Investments,  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.

Interim Reporting

     The  unaudited  financial  statements  as of May 31, 2002 and for the three
month period 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.

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.

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.



                                       F-6

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
                FOR THE THREE MONTHS ENDED MAY 31, 2002 AND 2001
                                   (Continued)

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

Earnings (Loss) per Share

     The  reconciliations  of the  numerators  and  denominators  of  the  basic
earnings (loss) per share computations are as follows:
<TABLE>
<CAPTION>
                                                                                                     Per-Share
                                                              Income              Shares               Amount
                                                              ------              ------               ------
                                                           (Numerator)         (Denominator)

                                                                  For the three months ended May 31, 2002
                                                                  ---------------------------------------
Basic Loss per Share
<S>                                                     <C>                 <C>                  <C>
Earnings to common shareholders                         $          (60,773)                  25  $     (2,430.92)
                                                        ==================  ===================  ==================


                                                                  For the three months ended May 31, 2001
                                                                  ---------------------------------------
Basic Loss per Share
Loss to common shareholders                             $          (46,761)                  25  $     (1,870.44)
                                                        ==================  ===================  ==================
</TABLE>

     There are no  outstanding  common  stock  equivalents  for May 31, 2002 and
2001.

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.

Revenue Recognition

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







                                       F-7

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
                FOR THE THREE MONTHS ENDED MAY 31, 2002 AND 2001
                                   (Continued)

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

Fixed Assets

     Fixed assets are stated at cost. 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
         Crescent Moon                                        5-7 years

     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.

Reclassifications

     Certain  reclassifications  have  been made in the May 31,  2001  financial
statements to conform with the May 31, 2002 presentation.

NOTE 2 - RENT AND LEASE EXPENSE

     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.



                                       F-8

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
                FOR THE THREE MONTHS ENDED MAY 31, 2002 AND 2001
                                   (Continued)

NOTE 2 - RENT AND LEASE EXPENSE (continued)

     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
years ended May 31, 2002 and May 31, 2001 was $11,494 and $12,484, 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>
                          2002                          $            5,810  $            17,864  $           23,674
                          2003                                       8,177                4,500              12,677
                          2004                                       8,177                    -               8,177
                          2005                                       2,725                    -               2,725
                          2006                                           -                    -                   -
                                                        ------------------  -------------------  ------------------

            Total minimum lease payments due                        24,889               22,364              47,253

           Less amounts representing interest                      (4,530)                    -             (4,530)
                                                        ------------------  -------------------  ------------------

                                                        $           20,359  $            22,364  $           42,723
                                                        ==================  ===================  ==================
</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

     Due to related  party at May 31, 2002 and February 28, 2002 consists of the
following:
<TABLE>
<CAPTION>
                                                                               May 31,          February 28,
                                                                                 2002               2002
                                                                          ------------------  ----------------
Advances, unsecured, non-interest bearing,
<S>                                                                       <C>                 <C>
due on demand                                                             $          119,525  $         18,687
                                                                          ==================  ================
</TABLE>


                                       F-9

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
                FOR THE THREE MONTHS ENDED MAY 31, 2002 AND 2001
                                   (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 expires on July 31, 2002.

     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 expires on June 30, 2003.

     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.



















                                      F-10

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
                FOR THE THREE MONTHS ENDED MAY 31, 2002 AND 2001
                                   (Continued)

NOTE 4 - LONG TERM DEBT

     Long-term  liabilities of the Company at May 31, 2002 and February 28, 2002
consists of the following:
<TABLE>
<CAPTION>
                                                                          May 31,         February 28,
                                                                            2002              2002
                                                                      ----------------  -----------------
<C>                                                                   <C>               <C>
$50,000 revolving line of credit payable to M&T
Bank, due on demand with interest of 1.5% over prime
(6.25% at February 28, 2002), unsecured                               $          1,798  $          41,000

Lease Payable to Liberty Financial Group, due June
18, 2004, payable $681.40 per month with interest at
13.8%, secured by equipment                                                     16,989             19,033


Note Payable to M&T Bank, due July 19, 2001, payable $502.60 per month with
interest at 1% over prime, secured by personal guarantee by the
Company's Stockholder and UCC                                                    2,013              2,013

Note Payable to M&T Bank, due August 6, 2001, payable $416.49 per month with
interest at 10.25%,
unsecured                                                                            -                  -

Note Payable to M&T Bank, due August 1, 2003, payable $812.36 per month with
interest at 7.5%,
secured by automotive equipment                                                 11,001             13,438

Note payable to M&T Bank, due December 24, 2005, payable $531.31 per month, with
interest at 1.5% over prime (6.25% at February 28, 2002), secured by
personal guarantee by the Company's Stockholder                                 17,030             18,624
                                                                      ----------------  -----------------
                                                                                48,831             94,108
Less Current Portion                                                             4,436             57,124
                                                                      ----------------  -----------------

          Total Long-Term Liability                                   $         44,395  $          36,984
                                                                      ================  =================
</TABLE>



                                      F-11

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
                FOR THE THREE MONTHS ENDED MAY 31, 2002 AND 2001
                                   (Continued)

NOTE 4 - LONG TERM DEBT (continued)

         Principal payments due on long-term debt for each of the five years
subsequent to February 28, 2002 and thereafter are as follows:

       Year ending:                Amount
---------------------------  ------------------
           2002              $           23,784
           2003                          16,125
           2004                          14,753
           2005                               -
           2006                               -
        Thereafter                            -
                             ------------------
           Total             $           54,662
                             ==================

NOTE 5 - INCOME TAXES

     As of May 31, 2002, the Company had a net operating loss  carryforward  for
income  tax  reporting  purposes  of  approximately  $82,000  that may be offset
against future taxable income through 2022.

NOTE 6 - MERGER/ACQUISITION

     On May 6, 2002, the Company entered into the acquisition  agreement whereby
in exchange for 1,200,000 shares of common stock, the Company acquired Rochester
Portable Specialties, Inc., a New York corporation as a wholly owned subsidiary.
The acquisition of Rochester  Portable  Specialties  closed on June 3, 2002. The
Company is in the process of changing its name to Crescent Moon, Inc.


                                      F-12

<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. (Formerly Cherokee Investments,  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.  (Formerly  Cherokee   Investments,   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.  (Formerly  Cherokee  Investments,  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.  So
far, four of these trucks have been built for us with another two process.


                                      F-13

<PAGE>



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

     Crescent Moon,  Inc.(Formerly  Cherokee Investments,  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 (Formerly  Cherokee  Investments,  Inc.) 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, 2002 and 2001,  the Company
had total sales of  approximately  $36,670 and  $52,195  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,  2002 and 2001,  the
Company  had  costs  and   expenses  of   approximately   $48,985  and  $167,696
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,  2002 and  2001,  the  Company  used
approximately $52,000 and $43,000 in cash flow from operating activities.

     At May 31, 2002,the  Company had total current assets of $9,367 compared to
$1,980  current  assets at  February  28,  2002.  The  company had a net working
capital deficit of $123,846 and $82,083 at May 31, 2002 and February 28, 2002.

     Net stockholders'  deficit in the Company was $72,081 and $11,308 as of May
31, 2002 and February 28, 2002.

     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.

                                      F-14

<PAGE>



                           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

         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)

     99.1 Certification  Pursuant to 18 U.S.C.  ss 1350, As Adopted  Pursuant to
          Section 906 of the Sarbanes-Oxley Act of 2002.

     99.2 Certification  Pursuant to 18 U.S.C.  ss 1350, As Adopted  Pursuant to
          Section 906 of the Sarbanes-Oxley Act of 2002.





                                      F-15

<PAGE>



(b) On June 3, 2002, the Company filed a report on 8-K reporting the acquisition
of Crescent  Moon,  Inc.  (Formerly  Cherokee  Investments,  Inc.) under Item 1,
Changes in Control of Registrant,  Item 2, Acquisition or Disposition of Assets,
Item 6, Resignation of Registrant's  Dirctors, and Item 7, Financial Statements,
Pro Forma Financial Information, and Exhibits.

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

(2)  Incorporated  herein by reference from Registrant's Form 8-K, dated June 3,
     2002


                                      F-16

<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.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                                  (Registrant)





DATE:     September 3, 2002              By:    /s/ Robert P. Denome
       -------------------------         ---------------------------------------
                                         Robert P. Denome
                                         President, Principal Executive Officer,
                                         and Director







                                      F-17