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:  November 30, 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, 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: December 27, 2002 1,450,000

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




<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 November 30, 2002 and February 28,
2002 and the  related  statements  of  operations  for the three and nine  month
periods  ended  November  30,  2002 and 2001 and cash  flows for the nine  month
periods ended  November 30, 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
December 27, 2002

<PAGE>

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

                                                                                November 30,        February 28,
                                                                                    2002                2002
                                                                             ------------------  ------------------
ASSETS:

   Current Assets
<S>                                                                          <C>                 <C>
     Cash                                                                    $           17,276  $            1,980
     Accounts Receivable                                                                  8,293                   -
                                                                             ------------------  ------------------
        Total Current Assets                                                             25,569               1,980
                                                                             ------------------  ------------------
   Fixed Assets

     Office Equipment                                                                     2,510               2,510
     Port-O-Pot and Trailers                                                            382,024             355,479
     Polyportable Equipment                                                              18,116              18,116
                                                                             ------------------  ------------------
        Total Fixed Assets                                                              402,650             376,105
        Less Accumulated Depreciation                                                  (320,741)           (268,346)
                                                                             ------------------  ------------------
            Net Fixed Assets                                                             81,909             107,759
                                                                             ------------------  ------------------
   Total Assets                                                              $          107,478  $          109,739
                                                                             ==================  ==================

LIABILITIES AND STOCKHOLDER'S EQUITY
Liabilities
   Current Liabilities

     Accounts Payable                                                        $           26,481  $            8,251
     Advances from Shareholder                                                           55,889              18,687
     Bank Line of Credit                                                                      -              41,000
     Current Portion of Long-Term Debt                                                   19,079              16,125
                                                                             ------------------  ------------------
       Total Current Liabilities                                                        101,449              84,063
   Notes Payable                                                                         16,651              36,984
                                                                             ------------------  ------------------
     Total Liabilities                                                                  118,100             121,047
                                                                             ------------------  ------------------
Stockholders' Equity:
  Common Stock, Par Value $.001

    Authorized 100,000,000 shares, Issued 1,450,000 shares
    at November 30, 2002 and 1,200,000 shares
    at February 28, 2002                                                                  1,450               1,200
  Additional Paid-In Capital                                                              8,650               8,900
  Retained Earnings (Deficit)                                                           (20,722)            (21,408)
                                                                             ------------------  ------------------
     Total Stockholders' Equity                                                         (10,622)            (11,308)
                                                                             ------------------  ------------------
       Total Liabilities and Stockholders' Equity                            $          107,478  $          109,739
                                                                             ==================  ==================
</TABLE>


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

<PAGE>

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

                                           For the Three Months Ended              For the Nine Months Ended
                                                  November 30,                            November 30,
                                      -------------------------------------  --------------------------------------
                                            2002                2001                2002                2001
                                      -----------------   -----------------  ------------------  ------------------

<S>                                   <C>                 <C>                <C>                 <C>
Revenues:                             $          39,461   $          36,050  $          237,898  $          255,366
                                      -----------------   -----------------  ------------------  ------------------

Expenses:

   Advertising                                      916                 180               3,268               6,487
   General and Administrative                    64,475              64,354             230,489             221,853
                                      -----------------   -----------------  ------------------  ------------------

      Total Operating Expenses                   65,391              64,534             233,757             228,340

Other Income (Expense)

   Interest Expense                                (373)                  -              (2,178)               (461)
   Loss on Disposal of Assets                         -                   -                (852)                  -
   Other Income (Expense)                             -                   -                   -                   -
                                      -----------------   -----------------  ------------------  ------------------

   Net Other Income (Expense)                      (373)                  -              (3,030)               (461)
                                      -----------------   -----------------  ------------------  ------------------

Net Income (Loss) Before

   Taxes                                        (26,303)            (28,484)              1,111              26,565

Income and Franchise Taxes                          147                   -                 425                 100
                                      -----------------   -----------------  ------------------  ------------------

     Net Income (Loss)                $         (26,450)  $         (28,484) $              686  $           26,465
                                      =================   =================  ==================  ==================

Basic & Diluted Earnings

    (Loss) per Share                  $         (0.02)    $         (0.02)   $                -  $            0.02
                                      =================   =================  ==================  ==================
</TABLE>








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

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                            STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                                                                   For the Nine Months Ended
                                                                                          November 30,
                                                                             --------------------------------------

                                                                                    2002                2001
                                                                             ------------------  ------------------
CASH FLOWS FROM OPERATING

ACTIVITIES:

<S>                                                                          <C>                 <C>
Net Income (Loss)                                                            $              686  $           26,465
Non-Cash Operating Activities:
   Loss on Sale of Equipment                                                                852                   -
   Depreciation                                                                          53,382              52,644
(Increase) Decrease in Accounts Receivable                                               (8,293)             (5,269)
Increase (Decrease) Accounts Payable                                                     18,230              (1,048)
Increase (Decrease) Customer Deposits                                                         -                   -
                                                                             ------------------  ------------------

 Net Cash provided by operating activities                                               64,857              72,792
                                                                             ------------------  ------------------

CASH FLOWS FROM INVESTING

ACTIVITIES:

Purchase of Fixed Assets                                                                (28,384)           (101,891)
Proceeds from Sale of Equipment                                                               -                   -
                                                                             ------------------  ------------------

Net cash provided by (used in)
 investing activities                                                                   (28,384)           (101,891)
                                                                             ------------------  ------------------

CASH FLOWS FROM FINANCING

ACTIVITIES:

Proceeds from Notes Payable                                                                   -              20,396
Principal payments on Notes Payable                                                     (17,379)            (23,784)
Net Advances from Shareholder                                                            37,202              30,738
Net Increase (Decrease) Line of Credit                                                  (41,000)            (19,105)
                                                                             ------------------  ------------------
Net Cash Provided by (used in)

 Financing Activities                                                                   (21,177)              8,245
                                                                             ------------------  ------------------

Net (Decrease) Increase in

  Cash and Cash Equivalents                                                              15,296             (20,854)
Cash and Cash Equivalents
  at Beginning of Period                                                                  1,980              27,638
                                                                             ------------------  ------------------

 Cash and Cash Equivalents at End of Period                                  $           17,276  $            6,784
                                                                             ==================  ==================
</TABLE>




<PAGE>

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

                                                                                   For the Nine Months Ended
                                                                                          November 30,
                                                                            --------------------------------------
                                                                                    2002                2001
                                                                             ------------------  ------------------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
<S>                                                                          <C>                 <C>
  Interest                                                                   $            2,178  $              461
  Franchise and income taxes                                                 $              425  $              100
</TABLE>

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING

ACTIVITIES:

       On June 3, 2002,  the Company  issued  250,000  shares of common stock to
acquire Cherokee Investments, Inc.

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

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED NOVEMBER 30, 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 November 30, 2002 and for the
nine 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 nine
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 and 2001 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


<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED NOVEMBER 30, 2002 AND 2001
                                   (Continued)

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

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.

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 November 30, 2002

BASIC EARNINGS (LOSS) PER SHARE
<S>                                                     <C>                           <C>        <C>
Earnings (Loss) to common shareholders                  $          (26,450)           1,450,000  $           (0.02)
                                                        ==================  ===================  ==================

                                                               For the three months ended November 30, 2001
BASIC EARNINGS (LOSS) PER SHARE
Earnings (Loss) to common shareholders                  $          (28,484)           1,200,000  $           (0.02)
                                                        ==================  ===================  ==================

                                                                For the nine months ended November 30, 2002

BASIC EARNINGS (LOSS) PER SHARE
Earnings (Loss) to common shareholders                  $              686            1,364,545  $                   -
                                                        ==================  ===================  ==================

                                                                For the nine months ended November 30, 2001

BASIC EARNINGS (LOSS) PER SHARE
Earnings (Loss) to common shareholders                  $           26,465            1,200,000  $             0.02
                                                        ==================  ===================  ==================
</TABLE>

         There are no outstanding common stock equivalents for November 30, 2002
and 2001.

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED NOVEMBER 30, 2002 AND 2001
                                   (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.

Revenue Recognition

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

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

         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  August  31,  2001
financial statements to conform with the August 31, 2002 presentation.

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED NOVEMBER 30, 2002 AND 2001
                                   (Continued)

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.

         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 nine months  ended  November  30,  2002 and 2001 was  $11,759  and  $11,759,
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.

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED NOVEMBER 30, 2002 AND 2001
                                   (Continued)

NOTE 3 -  RELATED PARTY TRANSACTIONS

         Due to  related  party at  November  30,  2002 and  February  28,  2002
consists of the following:
<TABLE>
<CAPTION>
                                                                             November 30,       February 28,
                                                                                 2002               2002
                                                                          ------------------  ----------------

Advances, unsecured, non-interest bearing,
<S>                                                                       <C>                 <C>
due on demand                                                             $           55,889  $         18,687
                                                                          ==================  ================
</TABLE>

         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.

NOTE 4 - 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 $0 and  $41,000 as of  November  30,  2002 and  February  28,  2002,
respectively.

<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED NOVEMBER 30, 2002 AND 2001
                                   (Continued)

NOTE 5 - LONG TERM DEBT

         Long-term  liabilities of the Company at November 30, 2002 and February
28, 2002 consists of the following:
<TABLE>
<CAPTION>
                                                                                November 30,        February 28,
                                                                                    2002                2002
                                                                             ------------------  ------------------
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                                                  $           11,572  $           19,034

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

Note  Payable to M&T Bank,  due August 1, 2003,
payable  $812.36 per month with interest at 7.5%,
secured by automotive equipment                                                           7,002              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                                          17,156              18,624
                                                                             ------------------  ------------------
                                                                                         35,730              53,109
Less Current Portion                                                                     19,079              16,125
                                                                             ------------------  ------------------

          Total Long-Term Liability                                          $           16,651  $           36,984
                                                                             ==================  ==================
</TABLE>













<PAGE>

                               CRESCENT MOON, INC.
                      (FORMERLY CHEROKEE INVESTMENTS, INC.)
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED NOVEMBER 30, 2002 AND 2001
                                   (Continued)

NOTE 5 - 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

---------------------------  ------------------
           2003              $           19,817
           2004                          17,163
           2005                           7,753
           2006                               -
           2007                               -
        Thereafter                            -
                             ------------------
           Total             $           44,733
                             ==================

NOTE 6 - INCOME TAXES

         As  of  February  28,  2002,  the  Company  had a  net  operating  loss
carryforward for income tax reporting purposes of approximately $21,000 that may
be offset against future taxable income through 2022.

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.

<PAGE>

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.

         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

<PAGE>

not-for-profit fund-raiser or a corporate picnic.

RESULTS OF OPERATIONS

Total  Revenues - For the three  months ended  November  30, 2002 and 2001,  the
Company had total  sales of  approximately  $39,461  and  $36,050  respectively.
Revenues  consist  primarily of fees  collected for the rental and management of
portable restrooms.

Total  Revenues - For the nine months  ended  November  30,  2002 and 2001,  the
Company had total sales of  approximately  $237,898 and  $255,366  respectively.
Revenues  consist  primarily of fees  collected for the rental and management of
portable restrooms.

Costs and Expenses - For the three months ended  November 30, 2002 and 2001, the
Company   had  costs  and   expenses  of   approximately   $65,391  and  $64,534
respectively.  Costs and expenses  consist  primarily  of selling and  marketing
expenses and general and administrative expenses.

Costs and Expenses - For the nine months ended  November 30, 2002 and 2001,  the
Company  had  costs  and  expenses  of   approximately   $233,757  and  $228,340
respectively.  Costs and expenses  consist  primarily  of selling and  marketing
expenses and general and administrative expenses.

LIQUIDITY AND CAPITAL RESOURCES

         For the nine months ended  November 30, 2002 and 2001, the Company used
approximately $65,000 and $73,000 in cash flow from operating activities.

         At November 30,  2002,the  Company had total current  assets of $25,569
compared to $1,980  current  assets at February 28, 2002.  The company had a net
working capital deficit of $75,880 and $82,083 at November 30, 2002 and February
28, 2002.

         Net stockholders'  deficit in the Company was $10,622 and $11,308 as of
November 30, 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.

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

<PAGE>

                  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

         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)


<PAGE>

         3.3      Bylaws(1)

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

         99.2     Certification  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
         November 30, 2002.

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

                                   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:     December 30, 2002                   By:    /s/ Robert P. Denome
                                                     Robert P. Denome

                                              President, Principal Executive and
                                              Financial Officer

<PAGE>

I, Robert P. Denome, certify that:

         1. I have  reviewed  this  quarterly  report on form 10-QSB of Crescent
Moon, Inc.

         2. Based on my knowledge,  this  quarterly  report does not contain any
untrue  statement of a material fact or omit 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.

         3. Based on my knowledge, the financial statements, and other financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.

         4. The registrant's other certifying officers and I are responsible for
establishing and maintaining  disclosure  controls and procedures (as defined in
exchange act rules 13a-14 and 15d- 14) for the registrant and have:

         A) designed  such  disclosure  controls and  procedures  to ensure that
material  information  relating to the  registrant,  including its  consolidated
subsidiaries, is made known to us by others within those entities,  particularly
during the period in which this quarterly report is being prepared;

         B) evaluated the effectiveness of the registrant's  disclosure controls
and  procedures  as of a date  within 90 days prior to the  filing  date of this
quarterly report (the "evaluation date"); and

         C)  presented  in this  quarterly  report  our  conclusions  about  the
effectiveness of the disclosure  controls and procedures based on our evaluation
as of the evaluation date;

         5. The  registrant's  other  certifying  officers and I have disclosed,
based on our most recent evaluation,  to the registrant's auditors and the audit
committee  of  registrant's  board  of  directors  (or  persons  performing  the
equivalent functions):

         A) all significant  deficiencies in the design or operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  data  and have  identified  for the
registrant's auditors any material weaknesses in internal controls; and

         B) any fraud,  whether or not  material,  that  involves  management or
other  employees  who  have a  significant  role  in the  registrant's  internal
controls.

         6. The registrant's  other certifying  officers and I have indicated in
this quarterly report whether or not there were significant  changes in internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

<PAGE>

Date: December 30, 2002

/s/ Robert P. Denome
President, Principal Executive and Financial Officer