SECURITIES  AND  EXCHANGE  COMMISSION
                         WASHINGTON,  D.C.  20549

                                 FORM  10-KSB

(Mark  One)
[X]   Annual  report  pursuant  to  section  13  or  15(d) of the Securities
      Exchange Act of 1934 for the fiscal year ended December 31, 2000,
      or
[ ]   Transition  report  pursuant  to section 13 or 15(d) of the Securities
      Exchange  Act  of  1934  for  the  transition  period  from  to

                            FULL MOON UNIVERSE, INC.
                  (FORMERLY  CIMARRON-GRANDVIEW  GROUP,  INC.)
     (EXACT  NAME  OF  REGISTRANT  AS  SPECIFIED  IN  ITS  CHARTER)

     STATE  OF  WASHINGTON                           91-0239195
(State or other jurisdiction of          (I.R.S. Employer Identification No.)
 incorporation or organization)

601  WEST  MAIN  AVENUE,  SUITE  714
SPOKANE,  WASHINGTON                                          99201-0677
(Address  of  principal  executive  offices)                  (Zip  Code)

(Registrant's  telephone  number,  including  area  code): 509-455-9077

Securities  registered  under  Section  12(b)  of  the  Exchange  Act:

     Title  of  each class           Name of each exchange on which  registered
            NONE                                     NONE

Securities registered under  Section 12(g) of the Exchange Act:      NONE
                                                             (Title  of  class)

Check  whether  the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or
for  such shorter period that the registrant was required to file such reports),
and  (2) has been subject to such filing requirements for the past 90 days.  Yes
X  No

Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B  is  not  contained  in  this  form,  and no disclosure will  be
contained,  to  the  best  of  registrant's  knowledge,  in  definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or  any  amendment  to  this  Form  10-KSB.

<PAGE>
State  issuer's  revenues  for  its  most  recent  fiscal  year.     $5,840

State the aggregate market value of the voting and non-voting common equity held
by  non-affiliates computed by reference to the price at which the common equity
was  sold,  or  the  average  bid and asked price of such common equity, as of a
specified  date  within  60 days.  (See definition of affiliate in Rule 12b-2 of
the Exchange Act.) [Amended in release No. 33-7419 ( 85,938), effective June 13,
1997,  62 F.R.  6387.]  $ 1,109,429 (based on average bid/ask price on April 12,
2000)

NOTE:  If  determining  whether  a  person  is  an  affiliate  will  involve  an
unreasonable  effort  and expense, the issuer may calculate the aggregate market
value  of  the  common  equity held by non-affiliates on the basis of reasonable
assumptions,  if  the  assumptions  are  stated.

                         (ISSUERS INVOLVED IN BANKRUPTCY
                     PROCEEDING DURING THE PAST FIVE YEARS)

Check  whether  the  issuer  has  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    Not  Applicable

                   (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date.  22,899,985

                       DOCUMENTS INCORPORATED BY REFERENCE

If  the following documents are incorporated by reference, briefly describe them
and  identify  the  part  of  the Form 10-KSB (e.g., Part I, Part II, etc.) into
which the document is incorporated:  (1)  any annual report to security holders;
(2)  any  proxy or information statement; and (3)  any prospectus filed pursuant
to  Rule  424(b)  or  (c) of the Securities Act of 1933 ("Securities Act").  The
list  documents  should  be clearly described for identification purposes (e.g.,
annual  report  to  security  holders  for fiscal year ended December 24, 1990).
None

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























<PAGE>
                                     PART I

ITEM  1.     DESCRIPTION  OF  BUSINESS
(A)     BUSINESS  DEVELOPMENT
The  Registrant   was  incorporated   in  the  State   of  Washington  in  1927.
Historically,  the  Registrant  was engaged in the mineral exploration business.
Although  the  Company  currently holds interests in several mineral exploration
properties,  the   Registrant  currently  has  no   active  mineral  exploration
activities.

Subsequent to December 31, 2000 the Company completed a share exchange with Full
Moon  Universe, Inc., a California corporation.  The effective date of the Share
exchange  was  January  11,  2001.  Prior  to the share exchange transaction the
Company  completed  a  1-for-5  reverse  stock  split,  resulting  in a total of
3,372,520  common shares outstanding.  The share exchange was consummated by the
Company's  issuance  of  19,110,800 common shares to Full Moon's shareholders in
exchange  for all  of  the  outstanding  common stock of Full Moon.  The Company
changed  its  name  to  Full  Moon  Universe,  Inc.

Full Moon Universe, Inc., a Washington corporation, conducts all of its business
through  its  wholly-owned California subsidiary by the same name. The following
discussion  describes the Company's business as currently being conducted by its
subsidiary.

(B)     BUSINESS  OF  ISSUER

THE  BUSINESS

Full  Moon Universe, Inc. ("Full Moon") produces and distributes motion pictures
for  direct  to  video release. This means our films are not released to play in
theaters  prior  to  being released on video. Our films are primarily horror and
erotic  theme based. At inception, in late 1999, we purchased 36 motion pictures
from  several companies controlled by Charles Band, the president and a director
of  our  Company.  We  currently  have a film library of 134 titles comprised of
10 movies  we have  produced  since  January 2000 and the  balance being  movies
produced  previously  by  Charles  Band  and  his  affiliated  companies.  W are
headquartered  in  Hollywood,  California  at  the  corner of Hollywood and Vine
Streets.  Our address is: Full Moon Universe, Inc., 1645 N. Vine St., 9th Floor,
Hollywood,  CA  90028.

Our   products  include   direct-to-video  motion   pictures   in  the   horror,
science-fiction,  action,  erotic  and fantasy genres, and merchandise including
action  figures  based  on  characters  in  our  movies.

We  have  been  a  pioneer  in  the  dedicated  "label"  approach  to  marketing
direct-to-video motion pictures.  We have created brand name label loyalty in an
industry  that  is  known  for producing and purchasing motion pictures based on
star appeal. The Company decided to invest a portion of its marketing dollars to
promote  the  Full Moon label.  As a result, this label has acquired recognition
as  a  provider  of  quality  horror  and  science-fiction  features.

Historically  we  have  not  "picked-up" completed or partially completed motion
pictures,  although  we  may  do  so  in  the future. We  produce all of our own
pictures,  therefore  insuring  a  consistent  quality  and  flow   of  product.
Historically,  Charles  Band  ("Band"), the Company's president and founder, has
conceived  and served as the executive producer for every motion picture and has
directed  at  least one picture per year.  The motion pictures are based  on his
concepts  and  ideas.  Since  there is no title recognition, unless a sequel  is
released,  the  key  art  campaign and the title treatment are the major selling
points  to  the  consumer  in  the  video  store.  The branding has proved to be
successful as  video retailers and consumers recognize that the Full Moon labels
represent  a  certain  quality  of  motion  picture.
<PAGE>
The  Company   has   four  main   labels:  the  Full   Moon   label   represents
science-fiction,  fantasy  and horror, primarily rated "R" by the Motion Picture
Association  of  America.  The Surrender Cinema label represents science fiction
and gothic erotic motion pictures rated "R" by the Motion Picture Association of
America.  The Pulse Pounders label represents science-fiction and fantasy motion
pictures  for  teenagers  rated  "PG-13"  by  the  Motion Picture Association of
America.  The  Big  City  Entertainment  label  represents  urban  horror motion
pictures  rated  "R"  by  the  Motion  Picture  Association  of  America.

Under  the  Full  Moon  label,  the  Company  has  produced  three  main series:
PUPPETMASTER, TRANCERS and SUBSPECIES. The PUPPETMASTER series consists of seven
motion pictures and has been the most successful product released under the Full
Moon  label.

The  Full  Moon  customers  are  the  video store retailer and the chain stores.
These  customers  have come to  know the quality of the motion pictures they are
purchasing  under  the  Full  Moon  labels.  The  retailers know if the products
perform  well in terms of rental turns, this will ultimately be related to their
return  of  investment.

PRODUCTION

Full  Moon  produces its motion pictures worldwide, and has extensive experience
in  shooting  on  location  in Europe (Italy, Romania) and North America (United
States and Mexico).  The Company has on staff line producers and post production
personnel.  The  production  equipment  (cameras,  lights,  dollys,  trucks) are
rented  as required and the post-production services, including editorial, sound
and  CGI  effects  are  purchased  through  third  party  vendors.

DISTRIBUTION

Domestic  Home  Video
---------------------
The  Company  solicits  two  (2) motion picture titles per month into the United
States  direct-to-video  market in English.  The solicitation process time takes
approximately nine weeks from the start of retailers  eceiving materials through
order cut off plus an additional three weeks  for  manufacturing and  delivering
to meet the national street date.  The national  street date gives all retailers
the opportunity to display the product on  the  same  date.

Our  sales  are  made directly to five key customers: Blockbuster Entertainment,
Hollywood  Video,  Video  Update, Movie  Galley, and Rentrack.  These  customers
represent 80% of the  Company's video sales  revenues.  The  remaining sales are
through  traditional  distributors who  intermediate  between  Full Moon and the
small independent video retail stores, and direct sales to subdistributors.

The  Company  sells  products  on an outright sales basis and on a Revenue Share
basis  with  some  of  the  larger  video  retail chains that can administer the
reporting  requirements.  The Revenue Share cycle can last for up to 26 weeks on
the  retailer's  shelf.

The  Company  sells  Digital  Video  Disks  ("DVDs")  to its larger video retail
customers  on a day-and-date basis with video cassettes.  It is anticipated that
within  the  next  two  to  three  years, the VHS format will have substantially
switched  to  a  DVD  product  format.







<PAGE>
Domestic  Television
--------------------
The  Company uses a third party agent, New City Releasing, to sell the Company's
motion  pictures into the Pay-Per-View, Pay Television, and Basic Cable markets.
The  Company attends NAPTE  to  sell  its  motion pictures to Free Television in
groups  of  films  based  on  the  availability  of  rights.

Foreign  Sales
--------------
The  Company  attends  all  the major motion picture foreign film and television
markets,  including the American Film Market in Los Angeles, California,  Cannes
Film  Festival  in  France  and  MIFED in Milan, Italy.  The Company has its own
foreign  sales  staff  and  administrative  support.  The  Company  licenses its
products  to foreign distributors in all the major territories for either a flat
fee  or  a  minimum  guarantee  versus  a  royalty.

Merchandise  Sales
------------------

The Company, through its Full Moon Toys division, designs and sells a line of 6"
and  12"  action figures based on characters in our motion pictures. The Company
contracts to have the action figures manufactured in China. The Company releases
action  figures  of  its  propriety  characters  every  other  month through the
Company's  key accounts and the mass merchants. The Company designs prototypes 8
months  prior  to  a  release  and starts tooling 4 months prior to street date,
and manufactures in China.  Delivery  to the United States  takes  approximately
45-60 days.  The  Company sells the toys through specialty comic book retailers,
Mass Merchants,  mail  order  houses  and foreign  distributors in  the U.K. and
Japan.  Full  Moon  manufactures  a popular line of action  figures it sells via
the Company's  internet web site "www.fullmoontoys.com."  The action figures are
also sold  through  mass  merchandisers  such as Kay-Bee Toys and Spencer Gifts.
The action figures are complemented by a line of Full Moon merchandise including
CDs, T-shirts, caps, sweatshirts, trading  cards  and other paraphernalia.

The Company has entered into a two year license agreement with Disguise, Inc. to
produce  costumes  and  masks  of  the  Company's  characters  first  slated for
Halloween  2001.

The  Company  has  entered  into  a  license  agreement  with  Spencer  Gifts to
manufacture  a  mask  and  a  cold  cast  figure  of  one  of the Company's film
characters.  Spencer  Gifts  sells  the  products  on  its  website  at
www.spencergifts.com  and  through  its  approximately  670  retail  stores.

Web  Sales
----------
The  Company  has  three  main   internet  sales  sites,   fullmoonpictures.com,
fullmoontoys.com  and  surrendercinema.com.  These sites are updated weekly with
news about our videos, DVDs, toys and other related merchandise.  These products
are  shipped  at full retail prices including shipping and handling charges, and
are  offered  to  members  of  the  Company's  fan  club  at  a  discount.

THE  MOTION  PICTURE  INDUSTRY
------------------------------

OVERVIEW

The  business  of  the  motion  picture industry may be broadly divided into two
major  segments:  production, involving the development, financing and making of
motion  pictures;  and distribution, involving the promotion and exploitation of
completed  motion  pictures  in  a  variety  of  media.


<PAGE>
Historically,  the  largest companies, the so-called "Majors" and "mini-Majors,"
have  dominated the motion picture industry by both producing and distributing a
majority of the motion pictures which generate significant theatrical box office
receipts.  Over  the past fifteen years, however, "Independents" or smaller film
production  and  distribution  companies,  such  as  the Company, have played an
increasing  role  in  the production and distribution of motion pictures to fill
the  increasing  worldwide  demand  for  filmed  entertainment  product.

The Majors (and mini-Majors) include Universal Pictures (a division of Seagram),
Warner  Bros.  Pictures (a division of Time Warner), a Metro-Goldwyn-Mayer Inc.,
Twentieth  Century  Fox  Film  Corporation  (a  division  of  News Corporation),
Paramount   Pictures   Corporation  (a   division  of  Viacom),  Sony   Pictures
Entertainment  (including  Columbia  Pictures,  TriStar   Pictures  and  Triumph
Releasing;  altogether  divisions  of  Sony)  and The Walt Disney Company (Buena
Vista  Pictures,  Touchstone  Pictures  and Hollywood Pictures).  Generally, the
Majors  own  their  own  production  studios  (including  lots, sound stages and
post-production   facilities),   have  nationwide   or  worldwide   distribution
organizations,  release  pictures with direct production costs generally ranging
from  $25,000,000  to $75,000,000, and provide a continual source of pictures to
film  exhibitors.  In  addition,  some  of  the  Majors have divisions which are
promoted  as "independent" distributors of motion pictures.  These "independent"
divisions  of  Majors  include  Miramax  Films  (a  division  of The Walt Disney
Company),  Sony  Classics  (a  division  of  Sony  Pictures), Fox Searchlight (a
division of News Corporation), and  New Line (a division of AOL Time Warner) and
its Fine  Line  distribution  label.  Most  of  these  divisions  were  formerly
Independents.

MOTION  PICTURE  PRODUCTION  AND  FINANCING

The  production  of  a motion picture requires the financing of the direct costs
and indirect overhead costs of production.  Direct production costs include film
studio  rental,  cinematography,  post-production  costs and the compensation of
creative  and other production personnel. Distribution costs (including costs of
advertising  and  release  prints)  are not included in direct production costs.

Majors generally have sufficient cash flow from their motion picture and related
activities,  or  in  some  cases,  from unrelated businesses (e.g., theme parks,
publishing,  electronics,  and  merchandising)  to  pay or otherwise provide for
their  production  costs.  Overhead costs are, in substantial part, the salaries
and  related  costs of the production staff and physical facilities which Majors
maintain  on a full-time basis.  Majors often enter into contracts with writers,
producers  and  other  creative  personnel  for  multiple  projects or for fixed
periods  of  time.

Independents  generally  avoid  incurring  substantial  overhead costs by hiring
creative  and  other  production  personnel,  but  retaining  the other elements
required  for   pre-production,   principal   photography  and   post-production
activities  only  on  a  project-by-project  basis.  Independents also typically
finance  their production activities from various sources, including bank loans,
"pre-sales,"  equity  offerings  and  joint  ventures.   Independents  generally
attempt  to  complete  their  financing  of a motion picture production prior to
commencement  of  principal  photography,  at which point substantial production
costs  begin  to  be  incurred  and  require  payment.









<PAGE>
"Pre-sales"  are  often  used by Independents to finance all or a portion of the
direct  production  costs  of  a  motion  picture.  Pre-sales consist of fees or
advances  paid  or guaranteed to the producer by third parties in return for the
right to exhibit the completed motion picture in theaters or to distribute it in
home  video,  television,  international  or  other  ancillary markets.  Payment
commitments  in a pre-sale are typically subject to delivery and to the approval
of  a number of prenegotiated factors, including script, production budget, cast
and  director.

Both  Majors  and  Independents  often  acquire motion pictures for distribution
through  an  arrangement  known  as a "negative pickup" under which the Major or
Independent agrees to acquire from another production company some or all rights
to a film upon its completion.  The Independent often finances production of the
motion  picture  pursuant  to financing arrangements with banks or other lenders
wherein  the  lender  obtains  a  security  interest  in  the  film  and  in the
Independent's  rights  under  its  distribution  arrangement.  When the Major or
Independent  "picks up" the completed motion picture, it may assume of or all of
the  production  financing  indebtedness  incurred  by the production company in
connection  with  the film.  In addition, the production company is often paid a
production  fee  and is granted a participation in the profits from distribution
of  the  motion  picture.

Both  Majors  and   Independents  often  grant  third-party   participations  in
connection  with   the  distribution   and  production  of  a   motion  picture.
Participations  are  contractual  rights  of  actors,  directors, screenwriters,
producers,  owners  of  rights  and  other  creative  and financial contributors
entitling  them  to  share  in revenues or profits (as defined in the respective
agreements)  from a particular motion picture.  Except for the most sought-after
talent,  participations  are  generally  payable only after all distribution and
marketing  fees  and  costs,  direct  production  costs (including overhead) and
financing  costs  are  recouped  by  the  producer  in  full.

MOTION  PICTURE  DISTRIBUTION

Distribution  of  a  motion  picture  involves  the  domestic  and international
licensing  of  the picture for (i) theatrical exhibition, (ii) home video, (iii)
presentation on television, including pay-per-view, video-on-demand, satellites,
pay cable, network, basic cable and syndication, (iv) non-theatrical exhibition,
which  includes  airlines,  hotels,  armed forces facilities and schools and (v)
marketing  of the other rights in the picture, which may include books, CD-ROMs,
merchandising  and  soundtrack  recordings.

THEATRICAL  DISTRIBUTION  AND  EXHIBITION

Motion  pictures  are often exhibited first in theaters open to the public where
an admission fee is charged. Theatrical distribution involves the manufacture of
release  prints,  licensing  of  motion  pictures  to theatrical exhibitors, and
promotion  of  the motion picture through advertising and promotional campaigns.
The  size  and  success of the promotional and advertising may materially affect
the revenues realized from its theatrical release, generally referred to as "box
office gross."  Box office gross represents the total amounts paid by patrons at
motion  picture  theaters  for  a  particular  film,  as determined from reports
furnished by exhibitors.  The ability to exhibit films during summer and holiday
periods,  which are generally considered peak exhibition seasons, may affect the
theatrical  success  of  a  film.  Competition  among   distributors  to  obtain
exhibition  dates in theaters during these seasons is significant.  In addition,
the  costs  incurred in connection with the distribution of a motion picture can
vary  significantly  depending  on  the  number  of  screens on which the motion
picture  is  to  be  exhibited and the ability to exhibit motion pictures during
peak  exhibition  seasons.  Similarly, the ability to exhibit motion pictures in


<PAGE>
the  most  popular  theaters  in  each  area  can  affect  theatrical  revenues.
Exhibition  arrangements  with  theater  operators  for  the first run of a film
generally provide for the exhibitor to pay the greater of 90% of ticket sales in
excess  of  fixed  amounts  relating  to  the  theater's  costs of operation and
overhead,  or  a minimum percentage of ticket sales which varies from 40% to 70%
for  the  first  week  of an engagement at a particular theater, decreasing each
subsequent week to 25% to 30% for the final weeks of the engagement.  The length
of  an  engagement  depends  principally  on  the audience response to the film.

Our  films  are  not  released  to theaters but instead are released directly to
video.  The  films  are  typically released to video and then made available for
release  in  other  media  as  follows:

Market                                        Approx.  Release  Period
------                                        ------------------------

Domestic  home  video                                 6  months
Domestic  pay-per-view                                3  months
Domestic  pay  cable                            12 - 21  months
Domestic  network  or  basic  cable             18 - 36  months
International  home  video                            6  months
International  television                            18  months  +

DOMESTIC  HOME  VIDEO  INDUSTRY

The  home  video  distribution  business  involves  the  promotion  and  sale of
videocassettes,  DVDs  and  videodiscs  to  video  retailers   (including  video
specialty  stores,  convenience  stores, record stores and other outlets), which
then  rent  or  sell  the videocassettes and videodiscs to consumers for private
viewing.  The  home  video marketplace now generates total revenues greater than
the  domestic  theatrical  exhibition  market.

According  to  Paul  Kagan Associates, the U.S. videocassette and DVD rental and
sales  industry  grew from $17.1 billion in revenue in 1998 to a projected $18.5
billion  in  1999  and  is projected to reach $22.8 billion in 2005.  Paul Kagan
Associates  estimates  that, in 1999, 85.9 million, or 85.9%, of the 100 million
total  U.S. television households owned a VCR. The number of VCRs that were sold
in  the  United States in 1999 was estimated by Paul Kagan Associates to be 20.5
million, which represents the largest number of VCRs sold in any single year. In
addition,  the  Consumer  Electronics  Manufacturers  Association estimates that
about  4.1  million  DVD  players were sold to dealers during 1999. According to
Paul  Kagan  Associates,  the  VCR  and DVD markets will continue to grow as the
number of multi-VCR households is expected to increase from 39.7 million in 1999
to  51.4  million by 2005 and the number of DVD households is projected to reach
31.0  million  in  2005.

As  part  of its Annual Report on the Home Video Market 1998, the Video Software
Dealers  Association  revealed  that  each week some 50 million consumers make a
trip to a video store, and almost 60% of the U.S. households owning at least one
VCR rent videos at least a couple of times each month.  We believe the following
factors, among others, make video rental a preferred medium of entertainment for
millions  of  customers:

-     the  opportunity  to  browse  among  a  very  broad  selection  of movies;
-     the  control  over  viewing,  such  as the ability to control start, stop,
pause,  fast-forward  and  rewind;  and the opportunity to entertain one or more
people  at  home  for  a  reasonable  price.





<PAGE>
Videocassettes  of feature films are generally sold to domestic wholesalers on a
unit  basis.  Unit-based  sales  typically  involve  the  sales  of   individual
videocassettes  to  wholesalers or distributors at $20.00 to $50.00 per unit and
generally  are  rented by consumers for fees ranging from $1.00 to $5.00 per day
(with  all  rental fees retained by the retailer).  Wholesalers who meet certain
sales and performance objective may earn rebates, return credits and cooperative
advertising  allowances.   Selected  titles  including  certain   made-for-video
programs,  are  priced  significantly  lower  to  encourage  direct  purchase by
consumers.  The  market  for  direct  sale  to  consumers  is referred to as the
"priced-for-sale"  or  "selling-through"  market.

Technological  developments,  including videoserver and compression technologies
which  regional  telephone  companies  and  others are developing, and expanding
markets  for  DVD  and  laser  discs,  could  make  competing  delivery  systems
economically  viable  and  could  significantly  impact  the  home  video market
generally  and,  as  a  consequence,  the  Company's  home  video  revenues.

The  domestic home video industry is highly fragmented.  However, the home video
industry  has  experienced  consolidation in recent years, as video store chains
have  gained  significant market share from single store operators.  In the past
two  years,  there  has  been about a 14% reduction in the total number of video
stores  operating in the United States.  We believe that small stores and chains
in  the  home  video  industry  will  continue  to consolidate with national and
regional  chains.  This industry consolidation has the advantage of allowing the
Company to concentrate its marketing efforts on a fewer number of customers i.e.
Blockbuster  and  Hollywood  Video.

INTERNATIONAL  HOME  VIDEO  INDUSTRY

According  to Paul Kagan Associates, the potential market for home video rentals
is  growing  at a faster pace outside the United States than within the domestic
market.  This  growth  is  primarily  driven  by  the  overseas privatization of
television stations, introduction of direct broadcast satellite services, growth
of  home  video  and  increased  cable  penetration.  According  to  Paul  Kagan
Associates,  the  number  of households outside of the United States which own a
VCR  is expected to grow from about 315  million in 1999 to about 390 million by
2005.

Some  of  the attributes of the home video industry outside of the United States
are  similar  to  those of the home video industry within the United States. For
example, the major studios generally release movies outside of the United States
according  to  the  same  sequential windows as the release of movies within the
United States, though the international windows tend to last for a longer period
of  time.  In  general,  however,  the home video industry outside of the United
States  does  not  mirror the home video industry within the United States.  For
example,  most  countries  have  different systems of supply and distribution of
movie  titles.  Although  revenue-sharing  agreements,  which  have proliferated
within  the U.S. home video industry among large home video chains, are starting
to  be  gradually introduced into markets outside of the United States, they are
not  yet common in such markets.  In addition, competition in most international
markets  generally  tends  to  be  more fragmented, with a few  large home video
chains.

Pay-Per-View.  Pay-per-view  television  allows  cable  and satellite television
subscribers  to  purchase  individual  programs  on a "per use" basis. The fee a
subscriber  is  charged  is  typically  split among the program distributor, the
pay-per-view  operator  and  the  cable  operator.





<PAGE>
Pay  Cable.  The domestic pay cable industry (as it pertains to motion pictures)
currently  consists  primarily  of  HBO/Cinemax,  Showtime/The   Movie  Channel,
Encore/Starz and a number of regional pay services.  Pay cable services are sold
to  cable  system  operators  for  a  monthly license fee based on the number of
subscribers  receiving  the service.  These pay programming services are in turn
offered by cable system operators to subscribers for a monthly subscription fee.
The  pay  television  networks  generally  acquire  their  film  programming  by
purchasing  the  distribution  rights  from  motion  picture  distributors.

Non-Theatrical  Markets.  In addition to the distribution media described above,
a  number  of  sources of  revenue exist for motion picture distribution through
the  exploitation  of  other  rights, including the right to distribute films to
airlines,  schools, libraries, hotels, armed forces facilities and hospitals. To
date  the  Company  has  not  distributed  in  these  non-theatrical  markets.

RISK  FACTORS

You  should  consider carefully all of the information set forth or incorporated
by  reference  in  this document and, in particular, the following risk factors:

Independent  Certified  Public  Accountants'  Opinion  -  Going  Concern
------------------------------------------------------------------------

The  Company's  financial  statements  for the years ended December 31, 2000 and
1999,  were  audited  by the Company's independent certified public accountants,
whose  report  includes  an  explanatory  paragraph  stating  that the financial
statements  have  been  prepared  assuming  the Company will continue as a going
concern. Subsequent to December 31, 2000, the Company completed a share exchange
with Full Moon Universe, Inc., a California corporation, which is now the wholly
owned  subsidiary  of the  Company.  The  audited  financial  statements  of the
subsidiary  show current  liabilities  exceeding current  assets at December 31,
2000.  Additionally, the subsidiary has not been able to  generate positive cash
flow from operations.  The subsequent  share exchange of the  Company with  Full
Moon raises substantial doubt about the Company's ability to continue as a going
concern. (See "Financial Statements").

Need  for  Additional  Capital  Immediately
-------------------------------------------

We  continue  to  have  substantial  capital  needs  that  cannot be funded from
operations.  The  Company  currently  has approximately $2,760,000 of short-term
secured  debt,  including  accrued  interest.  We  will  be  required  to  raise
additional  capital  through equity or debt financing in the near future to meet
these  obligations.  If  we are unable to raise  sufficient  capital, it will be
necessary to restructure the terms of the debt.  In addition,  the  Company will
need  additional  funds  to increase video production  as  indicated  in Plan of
Operations.  There can be no assurance than any  such  additional  funds or debt
restructuring  will  be available or, if available,  on  terms  appropriate  for
or  acceptable  to  the  Company  and  its  shareholders.  If  we cannot  obtain
additional  financing  or  restructure  our  debt, our  business  operations and
financial  results  will  suffer  and  we  may be unable to  continue as a going
concern.

Dependence  on  Key  Personnel
------------------------------

Loss of the Company's senior management, led by Charles Band in the early stages
of  the  business  could  have  a significant impact on the Company's ability to
achieve  its  projected  revenue targets. The success of the Company may also be
dependent  upon  the Company's ability to locate and hire qualified staff. There
can  be  no  assurance  in  any  case  that  loss  of  either  Management or key
consultants  would  not  have  a  detrimental  impact  on  the  Company.
<PAGE>
New  Technologies  May  Require  Change  In  Marketing  Strategy
----------------------------------------------------------------

New  digital  technologies,  such as near-video-on-demand an video-on-demand and
others,  could  have  a  material adverse effect on Full Moon unless the Company
changes  its  marketing  strategy.

The  widespread  availability  of  additional  channels on satellite and digital
cable  systems  may significantly reduce public demand for video store rental of
Full  Moon's  products.  Recent advances in direct broadcast satellite and cable
technologies  may  adversely  affect  public demand for video store rentals.  If
direct broadcast satellite and digital cable were to become widely available and
accepted,  this  could  cause a smaller number of movies to be rented if viewers
favor  the  expanded  number  of conventional channels and expanded programming,
including  sporting  events,  offered  through  these services.  If this were to
occur,  it  could have a material adverse effect on Full Moon unless the Company
adapts  its  marketing  strategy.  Direct broadcast satellite providers transmit
numerous channels of programs by satellite transmission into subscribers' homes.
Recently developed technology has presented cable providers with the opportunity
to  use digital technology to transmit many additional channels of programs over
cable  lines  to  subscribers'  homes.

In  addition,  because  of  this  increased  availability  of  channels,  direct
broadcast  satellite and digital cable providers have been able to enhance their
pay-per-view  business  by:

-     substantially  increasing  the number and variety of movies they can offer
their  subscribers  on  a  pay-per-view  basis;  and
-     providing  more  frequent  and convenient start times for the most popular
movies.

This  is  referred to within our industry and by others as near-video-on-demand.
If  near-video-on-demand  were  to  become  more  widely available and accepted,
pay-per-view purchases could significantly increase. Near-video-on-demand allows
the  consumer  to  avoid  trips  to  the  video store for rentals and returns of
movies.

Competition
-----------

The  motion  picture production and distribution industry is highly competitive.
Most  of  our  competition  has  substantially  greater financial, distribution,
marketing,  and other resources than the Company. There can be no assurance that
the  Company  will  be  able  to  compete  successfully.

Dependence  on  Key  Accounts
-----------------------------

Over  80%  of  our  domestic video sales are to six accounts. The loss of any of
these  accounts  would  have  a  major  negative  impact  on  our  revenues.

Loss  of  Genre  Acceptance
---------------------------

Our motion pictures are substantially all horror or erotic-theme based films. If
these  themes  fall  out of favor with the viewing public, our revenues would be
seriously  negatively  impacted.





<PAGE>
Ongoing  Operating  Expenses
----------------------------

The  Company  will  be  subject  to  the  uncertainty of cash flow or additional
investments  to  meet  its ongoing operating expenses. Adverse changes in market
conditions;  loss  of  distributors   or  other casualty  (which  may  result in
uninsured  losses); and other  factors, which  are beyond  the  control  of  the
Company, may have a serious negative impact on our plan  of  operations.

Lack  of  Liquidity
-------------------

The  Company's stock is very thinly traded. There is no assurance that an active
market  will  develop  for  the  stock.

(C)     REPORTS  TO  SECURITY  HOLDERS

You  may  read  and  copy  any  materials filed with the SEC at the SEC's Public
Reference  Room  at  450  Fifth  Street,  N. W., Washington, D.C. 20549. You may
obtain  information on the operation of the Public Reference Room by calling the
SEC at 1 (800) SEC-0330. The SEC maintains an Internet site (http://www.sec.gov)
that  contains  reports,  proxy and information statements and other information
regarding  the  Company  that  is  filed  electronically  with  the  SEC.

ITEM  2.     DESCRIPTION  OF  PROPERTY

The  Registrant  owns  6,130  acres  of  patented mineral rights and 38 acres of
surface  and  mineral  rights in Stevens County, Washington.  There are no known
mineral  reserves  on  the Registrant's properties and no mineral exploration is
being  conducted  on  the  properties.

ITEM  3.     LEGAL  PROCEEDINGS

Neither  the  Registrant  nor  any  of  its  property is subject to any material
pending  legal  proceedings.

ITEM  4     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

No  matter was submitted during the fourth quarter of the fiscal year covered by
this  report  to a vote of security holders, through the solicitation of proxies
or  otherwise.

                                     PART II

ITEM  5.     MARKET  FOR  COMMON  EQUITY  AND  RELATED
            STOCKHOLDER  MATTERS

(A)     MARKET  INFORMATION

                    MARKET FOR THE REGISTRANT'S COMMON STOCK
                    ----------------------------------------

The  Common Stock of the Company is traded in the over the counter market by the
National  Association of Securities Dealers supervised Electronic Bulletin Board
under  the  symbol  "MOON".  The  following table shows the high and low closing
sales  prices  for  the Common Stock since the Company commenced trading on July
19,  2000:





<PAGE>
                                                    Sales  Prices*
                                             -----------------------------
Year  2000:                                  High Closing     Low Closing
-----------                                  ------------     ------------
First  Quarter  (January  1-  March  31)     no  market
Second  Quarter                              no  market
Third  Quarter                                  $1.25            $0.625
Fourth  Quarter                                 $1.875           $0.20

YEAR  2001:
-----------
First  Quarter                                  $2.00            $0.20
April  12                                       $0.25            $0.408

*  Adjusted  to  reflect  one  for  five  reverse  split

Such  over-the-counter  market  quotations  reflect inter-dealer priced, without
retail mark-up, mark-down or commission and may not necessarily represent actual
transactions.

(B)     HOLDERS

There  are  approximately 2,800 holders of the Registrant's common equity at the
date  hereof.

(C)     DIVIDENDS

To  the  management's knowledge, the Registrant has never paid a dividend. There
is  no  plan  to  pay  dividends  for  the  foreseeable  future.

(D)     UNREGISTERED  SALES

The  Registrant  made  no  unregistered  sales of its securities during the year
ended  December  31,  2000


ITEM  6.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN
          OF  OPERATION

PLAN  OF  OPERATION
-------------------

FILM  PRODUCTION

At  present,  we  release one horror/sci-fi film and one erotic film each month.
Our plan is to increase our monthly film releases to two horror/sci-fi films and
one  erotic film beginning in late 2001.  To achieve the increase film releases,
the  Company  will have to ramp up its current production schedule.  The Company
will  need  to  raise approximately one million dollars ($1,000,000) to meet its
current  film  release  schedule  and  up  to  an additional one million dollars
($1,000,000)  to  achieve  its  goal  of  increasing  its monthly film releases.

PLAYBOY  MOVIES

On March 28, 2001 Playboy Entertainment Group, Inc. signed a deal with Full Moon
to  produce  two  erotic  features  that  are scheduled to begin production next
month.  The  films  are being shot domestically and on locations in Europe. Both
films  are  scheduled to air later this year on Playboy TV's networks around the
world.  The  worldwide television and video-on-demand rights will be retained by
Playboy  TV  Networks  while  Full  Moon  will  keep  the  video and DVD rights.


<PAGE>
CASH  REQUIREMENTS

We currently have approximately $2,760,000 of short-term secured debt, including
accrued interest. We will be required to raise additional capital through equity
or debt financing in the near future to meet these obligations. If we are unable
to raise sufficient capital,  it will be necessary  to restructure  the terms of
the debt.  In addition, the Company will need additional funds to increase video
production.

EMPLOYEES

We  have  a permanent staff of approximately 20 full time employees. During film
production,  we employ up to an additional 100 individuals on a full-time basis.
If  the  Company  is  successful  in  its  efforts  to raise additional capital,
approximately  35  employees  will  be  hired  during  the  next  twelve months.

FACILITIES

Our  offices  are located at 1645 N. Vine Street, at the corner of Hollywood and
Vine  Streets  in   Hollywood,  California.   We  lease  three  floors  totaling
approximately  30,000 square feet. There are two years remaining on the original
term  of  the  lease  with an option to extend for an additional five-year term.
Production  of  many  of  our  horror  genre  films takes place in leased studio
facilities  in  Romania  and  the  erotic  films are generally filmed in the Los
Angeles  area.  The  Company's facilities are adequate to meet our needs for the
foreseeable  future.

ITEM  7.      FINANCIAL  STATEMENTS

Financial Statements of the Company for the fiscal years ended December 31, 2000
and 1999 audited by LeMaster & Daniels PLLC, are included elsewhere in this Form
10-KSB.

ITEM  8.     CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON
             ACCOUNTING  AND  FINANCIAL  DISCLOSURE.

During  the registrant's two most recent fiscal years and the subsequent interim
period,  no  independent  accountant who was previously engaged as the principal
accountant  to  audit  the  registrant's  financial  statements,  or independent
accountant  who  was previously engaged to audit a significant subsidiary and on
whom the principal accountant expressed reliance in its report, has resigned (or
indicated  it  has declined to stand for re-election after the completion of the
current  audit)  or  was  dismissed.

                                    PART III

ITEM  9.  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS  AND
          CONTROL  PERSONS;  COMPLIANCE  WITH  SECTION  16(A)
          OF  THE  EXCHANGE  ACT

(A)     IDENTIFICATION  OF  DIRECTORS

Set  forth below is the name, age and length of service of the Company's present
directors:

NAME  (AGE)                    POSITION                 LENGTH OF SERVICE*
-----------                    --------                 ------------------
Charles  R.  Band,  48         President/CEO; Director     Since  2001
Mickey  M.  Kaiserman,  51     COO/CFO;  Director          Since  2001



<PAGE>
Mr.  Band  and  Mr.  Kaiserman  became directors in the share exchange effective
January  11, 2001. The directors are elected for a one-year term and until their
successors  have  been  elected  and  qualified.  There  are  no arrangements or
understandings  between any of the directors and other persons pursuant to which
such  person  was  selected  as  a  director.

(B)     IDENTIFICATION  OF  EXECUTIVE  OFFICERS

Set  forth below is the name, age and length of service of the Company's present
Executive  Officers  :

NAME  (AGE)                 POSITION                    LENGTH  OF  SERVICE
-----------                 --------                    -------------------
Charles  Band,  48          President/CEO;  Director         Since  2001
Mickey  Kaiserman,  51      COO/CFO;  Director               Since  2001
Dwight  S.  Krizman,  45    Executive  Vice-President        Since  2001
Edward  J.  Shields,  47    Vice-President,
                            International Sales             Since  2001

Executive  Officers  are  appointed  to  serve until the meeting of the Board of
Directors  following  the  next  annual  meeting of shareholders and until their
successors  have  been  elected  and  qualified.  There  are  no arrangements or
understandings  between  any  of  the  directors,  officers,  and  other persons
pursuant  to  which  such  person  was  selected  as  an  Executive  Officer.

Set  forth below is certain biographical information regarding each Director and
Executive  Officer  of  the  Company.

Charles  Band  -  Mr. Band is the President, CEO and  a Director of the Company.
Mr.  Band  has  been  involved in the Motion picture industry for over 20 years.
During  this  time he has been the president and sole shareholder of a number of
companies  involved  in video production and distribution. Mr. Band has produced
over  180  films

Mickey  M.  Kaiserman  -  Mr.  Kaiserman  is  the Chief Operating Officer, Chief
Financial Officer and a director of the Company. Mr. Kaiserman is graduated from
Cornell  University  and  received  his MBA from the University of Chicago. From
1989  to the present Mr. Kaiserman has been a self-employed consultant providing
financial  and  managerial consulting. He now dedicates substantially all of his
time  to  the  business  and  financial  affairs  of  the  Company.

Dwight  S. Krizman - Mr. Krizman is the Executive Vice-President of the Company.
Mr.  Krizman  is  responsible for sales, marketing and distribution of video and
DVD programming for North America. Mr. Krizman is a member of the Video Software
Dealers Association and a National Board Member of Fast Forward to End Childhood
Hunger.  Mr.  Krizman has been associated with Mr. Band and affiliated companies
since  1995.

Edward  J.  Shields  - Mr. Shields is the Vice President of International Sales.
Mr.  Shields  responsibilities  include  negotiating  and securing international
licensing  rights  with  foreign  distributors and licensing the rights to local
distributors  in  foreign  territories  for  home video, DVD and television. Mr.
Shields has been employed  by Mr. Band and affiliated companies since May, 1999.
Prior  to  that  time  from  January 1998,  he  operated  a sole  proprietorship
licensing  and  marketing the  international  intellectual  property  rights for
films, video and computer games.

All  directors hold office until the next annual meeting of shareholders and the
election  and  qualification of their successors.  Officers are elected annually
by  the  Board  of  Directors  and  serve  at  the  discretion  of  the  Board.


<PAGE>

(C)     IDENTIFICATION  OF  CERTAIN  SIGNIFICANT  EMPLOYEES

The  Registrant  has  no  significant  employees  except  as  set  forth  above.

(D)     FAMILY  RELATIONSHIPS

There  is  no  family  relationship  between any Director, Executive Officer, or
person  nominated  or chosen by the Registrant to become a Director or Executive
Officer.

(E)      INVOLVEMENT  IN  CERTAIN  LEGAL  PROCEEDINGS

No  Director, or person nominated to become a Director or Executive Officer, has
been  involved  in  any  of  the  enumerated  events during the past five years.

(F)     PROMOTERS  AND  CONTROL  PERSONS

Not  Applicable

COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT

Based  solely upon a review of Forms 3 and 4 and amendments thereto furnished to
the  Registrant pursuant to Section 240.16a-3 during its most recent fiscal year
and  Form  5  and amendments thereto furnished to the Registrant with respect to
the  most  recent  fiscal year, all executive officers, directors and beneficial
owner  of more than ten percent of any class of equity securities of the Company
registered  pursuant  to  Section  12  of the Exchange Act of the Company timely
filed the reports required under Section 16(a) of the Securities Exchange Act of
1934,  as  amended.

ITEM  10.     EXECUTIVE  COMPENSATION

(A)     EXECUTIVE  OFFICERS

The following table sets forth the compensation paid by the Company to its Chief
Executive  Officer  and  any other  executive officers whose total annual salary
and  bonus  exceeded  $100,000  during  the  past three fiscal years ("Executive
Officers").  Except  as  set forth below, no officer or Executive Officer of the
Company  received  compensation  in  excess  of  $100,000  during the past three
calendar  years.  This  information  includes the dollar value of base salaries,
bonus  awards  and  number  of  stock  options  granted,  and  certain  other
compensation,  if  any.



















<PAGE>

Summary  Compensation  Table
<TABLE>
                                                        Long-Term Compensation
          Annual  Compensation                     Awards                 Payouts
----------------------------------------------  ----------------------  -----------------
(a)                (b)    (c)    (d)     (e)    (f)         (g)         (h)     (i)
Name                                    Other   Restricted  Securities
and                                     Annual  Stock       Underlying  LTIP    All Other
Principal          Year  Salary  Bonus  Comp.   Awards(1)   Options/    Payouts Comp.
Position                  ($)     ($)    ($)     ($)        SARs(#)      ($)     ($)
------------------ ----  ------  -----  ------  ----------  ----------  ------- --------
<S>                <C>   <C>     <C>    <C>     <C>         <C>         <C>     <C>
Gregory B. Lipsker  1998   $0      $0     $0        $0         -0-         $0      $0
President           1999   $0      $0     $0        $0         -0-         $0      $0
                    2000   $0      $0     $0        $0         -0-         $0      $0*
</TABLE>

*  During the year ended December 31, 2000 Mr. Lipsker's law firm was paid
$14,450  for  legal  services  rendered.

(B)  DIRECTORS'  COMPENSATION  FOR  LAST  FISCAL  YEAR

<TABLE>
             Cash Compensation                              Security Grants
-------------------------------------------  ------------------------------------------
                                                                          Number of
                    Annual     Meeting       Consulting    Number of      Securities
                    Retainer   Fees ($)      Fees/Other    Shares (#)     Underlying
Name                Fees ($)                 Fees ($)                     Options/SARs(#)
(a)                 (b)        (c)           (d)           (e)            (f)
------------------  ---------  ------------  ------------  -------------  ---------------
<S>                 <C>        <C>           <C>           <C>            <C>
Gregory  Lipsker       $0           -0-           -0-           0              0
William  R.  Green     $0           -0-           -0-           0              0
Eunice  Campbell       $0           -0-           -0-           0              0
</TABLE>

ITEM  11.     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL OWNERS AND MANAGEMENT

The  following  table sets out as of April 12, 2001, the names and shareholdings
of  beneficial owners known to the Company to own more than five percent (5%) of
the  common  stock  of  the  Company, each director and executive officer of the
Company,  and  the  shareholdings  of  all directors and executive officers as a
group. At such date, the number of issued and outstanding shares of common stock
of  the  Company  was  22,949,985.
<TABLE>
                                   Amount  and  Nature  of
                                   Beneficial  Ownership
Name  of  Person                   (all  direct  unless
or  Group  (1)                     otherwise  noted)               % of Class
----------------------------------  ------------------------        ----------
<S>                                <C>                             <C>
Principal  Shareholders:
  Albert  M.  Zlotnick                      1,686,308                 7.4%
Executive Officers and Directors:
  Charles  Band                            16,062,646                70.0%
  Mickey  Kaiserman                         1,685,575                 7.4%
  Dwight  S.  Krizman                         143,331                 0.6%
  All Executive Officers and
  Directors as a group (4 Individuals)     17,891,552                78.0%
</TABLE>
<PAGE>
ITEM  12.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

(A)     TRANSACTIONS  WITH  MANAGEMENT  AND  OTHERS

PAYMENT  OF  CERTAIN  INDEBTEDNESS

Under  the  terms  of  the  Share  Exchange Agreement, the Company has agreed to
assist  Charles  Band, the President and  principal shareholder of Full Moon, in
the repayment of approximately $5.7 million of indebtedness (the "Indebtedness")
under  the  following  terms  and  conditions:

(a)     Full  Moon  will  make  the  monthly  payments  due on the Indebtedness.

(b)     Band  has  pledged 20% of his Full Moon shares to repay the Indebtedness
(the  "Pledged  Shares").  At  such  time as the Pledged Shares are eligible for
resale,  Band  will  sell  such Pledged Shares as may be legally sold to pay the
balance of the Indebtedness and to repay the Company (with interest at the Prime
Rate)  for  all  payments  made  on  the  Indebtedness  in  excess  of $700,000.

(c)     If  necessary  to  facilitate  the  repayment  of  the Indebtedness, the
Company  will  undertake  to  register  the  Pledged  Shares upon Band's written
request.

(d)     In  the  event that the proceeds from the sale of the Pledged Shares are
not  adequate  to  repay  all  of  the  Indebtedness,  then the Company shall be
responsible for the payment of the balance of the Indebtedness after application
of  the  proceeds  from  the  sale  of  the  Pledged  Shares.

(B)     CERTAIN  BUSINESS  RELATIONSHIPS

Consulting  Agreement
---------------------

Full  Moon  has  entered  into a Consulting Agreement with Albert M. Zlotnick, a
former  Director, to assist the Company in identifying and evaluating merger and
acquisition opportunities. The Consulting Agreement is for a term of three years
expiring August 30, 2003 and provides for a consulting fee of $12,500 per month.

Secured  Creditor
-----------------

Albert  M. Zlotnick has lent the Company's subsidiary $2,085,000 pursuant to the
terms  of  a  Secured Master Note bearing interest at 9.5% per year. The note is
secured  by  all  of  the  assets  of  the Company.  Under the terms of the note
payments  are  due  as  follows:

April  30,  2001               $500,000  (principal  payment,  plus
                               accrued  interest)
May  31,  2001                 $500,000  plus  accrued  interest
September  30,  2001           $375,000  plus  accrued  interest
January  30,  2002             All  remaining  principal  and interest

The Company and Mr. Zlotnick are currently in negotiation to extend the due date
of  the  payments  due  April  30,  2001  and  May  31,  2001.

In  the  first  quarter  of  2000,  Mr.  Zlotnick lent the Company an additional
$210,000  pursuant  to  the terms of a Secured Note bearing interest at 9.5% per
year.  The  note  is  to be repaid in three equal installments on May 31, 20001,
September  30,  2001  and  January  30,  2002.



<PAGE>
ITEM  13.     EXHIBITS  AND  REPORTS  ON  FORM  8-K

     (a).     Exhibits  required  by  Item  601  (1)

(3)(i)         Articles  of  Incorporation                      (2)
(3)(ii)        Bylaws.                                          (2)

          (1)  Omitted  Exhibits  not  applicable
          (2)  Incorporated  by  reference  to  previous  filing

Financial  Statements
Independent  Auditors'  Reports

Balance  Sheets  at  December  31,  2000  and  1999

Statements  of  Income  (Loss))
for  the  years  ended  December  31,  2000  and  1999

Statements  of  Stockholders'  Equity
for  the  years  ended  December  31,  1999  -  2000

Statements  of  Cash  Flows
for  the  years  ending  December  31,  2000  and  1999

     Notes  to  Financial  Statements

(b)     No  reports  have  been filed on Form 8-K during the last fiscal quarter
covered  by  this  report.


































<PAGE>
FULL  MOON  UNIVERSE,  INC.  FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW GROUP, INC.
--------------------------------------------------------------------------------


FINANCIAL  STATEMENTS  AND
INDEPENDENT  AUDITORS'  REPORT

DECEMBER  31,  2000  AND  1999




CONTENTS                                                PAGE
--------                                                ----


INDEPENDENT  AUDITORS'  REPORT                            2

FINANCIAL  STATEMENTS:

Balance  sheets                                           3

Statements  of  income                                    4

Statements  of  stockholders'  equity                     5

Statements  of  cash  flows                               6

Notes  to  financial  statements                       7-10

































<PAGE>



                          INDEPENDENT AUDITORS' REPORT

Board  of  Directors
Full  Moon  Universe,  Inc.  formerly  known  as  Cimarron-Grandview Group, Inc.
Spokane,  Washington


We  have  audited  the  accompanying  balance sheets of Full Moon Universe, Inc.
formerly  known  as Cimarron-Grandview Group, Inc. (a Washington corporation) as
of  December  31,  2000  and  1999,  and  the  related  statements   of  income,
stockholders'  equity, and cash flows for the years then ended.  These financial
statements  are  the   responsibility   of   the   Company's   management.   Our
responsibility  is  to express an opinion on these financial statements based on
our  audits.

We  conducted  our  audits   in  accordance  with  generally  accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  our  audits  provide  a  reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the  financial  position  of  Full Moon Universe, Inc.
formerly  known  as  Cimarron-Grandview  Group, Inc. as of December 31, 2000 and
1999,  and  the  results of its operations and its cash flows for the years then
ended,  in  conformity  with  generally  accepted  accounting  principles.

The  accompanying  financial  statements have been prepared assuming the Company
will  continue  as  a  going  concern.  As  discussed  in  notes  7 and 8 to the
financial  statements,  the  Company completed a share exchange transaction with
Full  Moon  Universe,  Inc. (a California corporation) (Full Moon) subsequent to
December  31,  2000.  The audited financial statements of Full Moon show current
liabilities  exceeding  current assets at December 31, 2000.  Additionally, Full
Moon has not  been able  to generate  positive cash  flow from  operations.  The
subsequent share exchange of the Company with Full Moon raises substantial doubt
about  the Company's ability to continue as a going concern.  Management's plans
in  regard  to  these  matters  are  also  described  in  note 8.  The financial
statements  do not include any adjustments that might result from the outcome of
this  uncertainty.


/s/ LeMasters & Daniels, PLLC


Spokane,  Washington
March  19,  2001










<PAGE>
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
-----------------------------------------------------

BALANCE  SHEETS
---------------
<TABLE>
                                                        December 31,
                                              --------------------------------
                                                   2000              1999
                                              --------------    --------------
<S>                                           <C>               <C>
ASSETS
CURRENT  ASSETS:
Cash                                          $       6,041      $    139,817
Temporary cash investments                            4,920             4,281
                                              --------------    --------------
   Total cash and cash equivalents                   10,961           144,098

NOTE RECEIVABLE                                     100,000               -

SECURITIES AVAILABLE-FOR-SALE                        10,825            10,639

PARTNERSHIP PROPERTIES                                5,067             4,122
                                              --------------    --------------
                                              $     126,853     $     158,859
                                              ==============    ==============

STOCKHOLDERS' EQUITY

STOCKHOLDERS'EQUITY:
Common stock-50,000,000 shares, no par value,
  authorized; 16,862,792 shares issued
  and outstanding                             $    693,949      $     693,949
Note receivable, stock purchase                     (4,666)            (6,320)
Accumulated  other  comprehensive  income:
Unrealized loss, securities available-for-sale     (26,686)           (26,872)
Retained earnings (deficit)                       (535,744)          (501,898)
                                              --------------    --------------
                                              $    126,853      $     158,859
                                              ==============    ==============
</TABLE>


















See  accompanying  notes  to  financial  statements.

<PAGE>
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
-----------------------------------------------------

STATEMENTS  OF  INCOME
----------------------
<TABLE>
                                                  Years Ended December 31,
                                              --------------------------------
                                                   2000              1999
                                              --------------    --------------
<S>                                           <C>               <C>
INCOME:
Dividend and interest income                  $       4,942     $       5,509
                                              --------------    --------------

EXPENSES:
Directors fees                                          -                 150
Professional fees                                    36,664             8,711
Office                                                1,455             1,654
Taxes, licenses, and fees                             1,567             1,579
                                              --------------    --------------
                                                     39,686            12,094
                                              --------------    --------------

LOSS BEFORE OTHER INCOME                            (34,744)           (6,585)
                                              --------------    --------------

OTHER  INCOME:
Income from partnership interests                       898               157
Gain on sale of mineral rights                          -              24,486
                                                        898            24,643
                                              --------------    --------------

NET INCOME (LOSS)                             $     (33,846)    $      18,058
                                              ==============    ==============

BASIC  EARNINGS  (LOSS)  PER  SHARE                    NIL               NIL
                                              ==============    ==============

</TABLE>



















See  accompanying  notes  to  financial  statements.

<PAGE>
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.

STATEMENTS OF STOCKHOLDERS' EQUITY  YEARS ENDED DECEMBER 31, 2000 AND 1999
--------------------------------------------------------------------------

<TABLE>
                                         Note        Accumulated
                 Number  of              Receivable  Other          Retained

                 Shares       Common     Stock       Comprehensive  Earnings
                 Outstanding  Stock      Purchase    Income         (Deficit)   Total
                 -----------  ---------  ----------  -------------  ---------  ---------
<S>              <C>          <C>          <C>            <C>          <C>
BALANCES,
DECEMBER 31, 1998  7,881,254    591,799      (4,000)      (26,547)  (519,956)    41,296

ADD (DEDUCT):
Comprehensive
  income:
Net income               -           -           -             -       18,058    18,058
Unrealized loss in
  Marketable
  securities             -           -          -             (325)       -        (325)
                                                                              -----------
Total comprehensive
  income                                                                         17,733
                                                                              -----------
Shares issued to
  directors for
  services           150,000       150         -              -          -         150
Shares sold        8,431,538   100,000         -              -          -     100,000
Interest on notes
  receivable,
  stock purchase         -         -          (320)           -          -        (320)
Shares issued in
  exchange for note  400,000     2,000      (2,000)           -          -         -
                 -----------  ---------  ----------  -------------  ---------  ---------
BALANCES,
DECEMBER 31, 1999 16,862,792  $ 693,949  $  (6,320)  $    (26,872)  $(501,898) $158,859
ADD (DEDUCT):
Comprehensive income:
  Net loss               -          -          -              -       (33,846)  (33,846)
  Unrealized gain
  in marketable
  securities             -          -          -              186         -         186
Total comprehensive
  Income                                                                        (33,660)
                                                                              -----------
Interest on notes
  receivable, stock
  purchase               -          -         (346)           -           -         (346)
Payment on note
  receivable,
  stock purchase         -          -        2,000            -           -        2,000
                 -----------  ---------  ----------  -------------  ---------  ---------
BALANCES,
 DEC. 31, 2000    16,862,792  $ 693,949  $  (4,666)  $    (26,686)  $(535,744) $ 126,853
                  ==========  =========  ==========  =============  =========  =========
</TABLE>
See  accompanying  notes  to  financial  statements.

<PAGE>
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
STATEMENTS  OF  CASH  FLOWS
---------------------------
<TABLE>
                                                  Years Ended December 31,
                                              --------------------------------
                                                   2000              1999
                                              --------------    --------------
<S>                                           <C>               <C>
INCREASE (DECREASE) IN CASH AND CASH
  EQUIVALENTS
CASH  FLOWS  FROM  OPERATING  ACTIVITIES:
  Net income (loss)                           $     (33,846)    $      18,058
  Adjustments to reconcile net income (loss)
  to net cash used in operating activities:
    Income from partnership interest                   (945)             (211)
    Stock issued for services                           -                 150
    Gain on sale of mineral rights                      -              (24,487)
    Increase in interest receivable                    (346)              (320)
    Decrease in accounts payable                        -               (2,267)
                                              --------------    --------------
Net cash used in operating activities               (35,137)            (9,077)
                                              --------------    --------------

CASH  FLOWS  FROM  INVESTING  ACTIVITIES:
  Increase in note receivable                      (100,000)               -
  Proceeds from sale of mining rights                   -               24,487
                                              --------------    --------------
Net cash provided by (used in) investing
  activities                                       (100,000)           24,487
                                              --------------    --------------

CASH  FLOWS  FROM  FINANCING  ACTIVITIES:
  Proceeds from note receivable, stock
    purchase                                          2,000               -
  Proceeds from issuance of common stock                -             100,000
                                              --------------    --------------
Net cash provided by financing activities             2,000           100,000
                                              --------------    --------------

NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                                 (133,137)          115,410

CASH AND CASH EQUIVALENTS, BEGINNING
  OF YEAR                                           144,098            28,688
                                              --------------    --------------
CASH AND CASH EQUIVALENTS, END OF YEAR        $      10,961     $     144,098
                                              ==============    ==============
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING
  AND FINANCING  ACTIVITIES:
  Common stock issued in exchange for note    $         -       $       2,000
  Common stock issued for services                      -                 150
  Increase in partnership interests                     945               211
</TABLE>





See  accompanying  notes  to  financial  statements.

<PAGE>
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
NOTES  TO  FINANCIAL  STATEMENTS



NOTE  1  -  ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES:

Organization:

The  Company  was  incorporated in the state of Washington in 1927.  Although it
has  previously  been  engaged  in  mineral  exploration  and  continues to hold
interests in mineral exploration properties, the Company currently has no active
business operations.  The Company is currently seeking to acquire an interest in
a business opportunity (see note 8 - Subsequent Event).  The Company changed its
name  from  Cimarron-Grandview Group, Inc. to Full Moon Universe, Inc. effective
January  5,  2001.

Summary  of  Significant  Accounting  Policies:

a.     Cash  and  cash equivalents include short-term cash investments that have
an  initial  maturity  of  90  days  or  less.

b.     The Company's marketable securities are stated at estimated fair value at
the  balance-sheet  dates,  and  unrealized losses are reported in stockholders'
equity  as  accumulated  other  comprehensive  income.  All  such securities are
considered  to be available-for-sale.  Gains and losses are determined using the
specific  identification  method.

c.     The Company capitalizes acquisition and exploration costs on nonoperating
mining  properties  and  mineral  rights for accounting and income tax purposes.
Upon  commencement  of operations, the capitalized costs will be amortized based
on  proven  or  probable  reserves by the unit-of-production method so that each
unit  produced  is  assigned  a  pro rata portion of the unamortized acquisition
costs.

d.     Capitalized  costs  are  charged  to operations as impairment losses when
title to the property has expired or when management believes the properties are
not  economically  feasible  to  develop  or  hold  for  future  development.

e.     Deferred  income  tax  assets are recognized for the estimated future tax
benefits  of  tax-basis  operating  losses  being  carried forward.  A valuation
allowance  for  deferred  tax  assets  is  also  recognized  when  appropriate.

f.     Basic  loss  per  share  is computed using the weighted average number of
shares outstanding during the years (16,862,792 in 2000 and 12,372,000 in 1999).
Diluted  loss  per  share  was  the  same  as basic loss per share for the years
presented.

g.     The  preparation  of  financial  statements  in conformity with generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect  the  reported  amounts  of assets and liabilities and
disclosures  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.







<PAGE>
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
NOTES  TO  FINANCIAL  STATEMENTS


NOTE  2  -  NOTE  RECEIVABLE:

The  Company  has  a $100,000 note receivable from Full Moon Universe, Inc.  The
note  is  noninterest  bearing,  due  upon  demand  and  unsecured.  See note 8,
Subsequent  Event,  explaining the relationship between Full Moon Universe, Inc.
and  the  Company.

NOTE  3  -  SECURITIES:
-----------------------

Following  is  a  summary  of  marketable securities as of December 31, 2000 and
1999:

                                                      2000            1999
                                                  ------------    ------------
Aggregate fair value of marketable securities     $     10,825    $    10,639
Gross  unrealized  holding  losses                      26,686         26,872
Amortized  cost  basis                                  37,511         37,511

Changes in marketable securities for the years ended December 31, 2000 and 1999,
are  as  follows:

                                                      2000            1999
                                                  ------------    ------------
Cost  as  of  January  1                          $    37,511     $    37,511
Unrealized  losses  as  of  December  31              (26,686)        (26,872)
                                                  ------------    ------------
Fair  value  as  of  December  31                 $    10,825     $    10,639
                                                  ============    ============

NOTE  4  -  MINING  PROPERTIES:
-------------------------------

Investments in mining properties, net of impairment losses recognized, consisted
of  the  following:

                                                          December  31,
                                                  ----------------------------
                                                      2000            1999
                                                  ------------    ------------
Partnership interest in two units of Pondera
Partners, Ltd., a drilling project located in
Teton  County, Montana (at cost less equity
in  partnership  losses)                          $     5,067     $     4,122

On  January  11,  1999,  the  Company sold approximately 34 acres of surface and
mineral  rights  located  in  northern  Stevens  County  for  $25,000 cash, less
expenses of $513.  Such rights had previously been considered fully impaired, so
the  net  proceeds  resulted  in  a  $24,487  gain  in  1999.








<PAGE>
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
NOTES  TO  FINANCIAL  STATEMENTS

NOTE  5  -  COMMON  STOCK:

The  Company's  Articles  of  Incorporation  were  amended  March  31,  1982, to
reclassify  shares  and reduce capital to $350,000, comprising 50,000,000 shares
of  no par value common stock.  Each share of the capital stock of the par value
of  $.10  per  share  previously  outstanding was changed to one share of no par
value  common  stock.  The  Articles  were  amended July 11, 1990, to change the
Company's  name  from Grandview Mines, Inc. to Cimarron Gas & Oil, Inc. and were
amended  on July 25, 1990, to change the Company's name from Cimarron Gas & Oil,
Inc.  to  Cimarron-Grandview  Group,  Inc.

In  February  1998,  two  directors  of the Company purchased a total of 400,000
common shares at $.005 per share. The shares were purchased in exchange for an 8
percent  nonrecourse  promissory note, which has been reported as a reduction of
stockholders'  equity  at  December  31,  2000  and  1999.

On  February  24,  1999,  the Company issued a restricted stock grant of 400,000
shares to a Company director.  The exercise price is $.005 per share, payable by
a  one-year nonrecourse promissory note bearing interest at 8 percent per annum.
Also,  the  Company  issued  restricted  stock  grants  (50,000  each)  to three
directors  for  services  at  an  agreed-upon  value  of  $50  each.

On  March  4,  1999,  the  Company sold 8,431,538 shares of its common stock for
$100,000.

NOTE  6  -  FEDERAL  INCOME  TAX:

At  December  31,  2000 and 1999, the Company had deferred tax assets of $41,000
and  $36,000,  respectively,  which were fully reserved by valuation allowances.
For 1999, 1998, and 1997, the Company has recognized no net tax benefits for its
operating  losses  in  the  statements of income, as valuation allowances offset
such  benefits.  Changes in the deferred tax asset valuation allowance for 1999,
1998,  and  1997 relate only to corresponding changes in the deferred tax assets
for  those  years.

At  December  31,  2000,  the  Company  had a net operating loss carryforward of
$276,282  which  is available to offset future taxable income.  The carryforward
expires  in  various  amounts  from  2000  through  2018.

NOTE  7  -  GOING  CONCERN:
These  financial  statements  are  presented  on the basis that the Company is a
going concern, which contemplates the realization of assets and the satisfaction
of  liabilities  in  the  normal  course of business over a reasonable length of
time.  As  discussed  in  note  8,  subsequent to December 31, 2000, the Company
completed  a  share  exchange  transaction  with  Full Moon Universe, Inc. (Full
Moon).  The  December  31,  2000, audited financial statements of Full Moon show
current  liabilities  exceeding  current assets and net cash used in operations.

Full  Moon's management plans for the continuation of the successor Company as a
going  concern  include the refinancing of debt and obtaining additional capital
through  a  private  placement  offering.

The  Company  plans  to  increase  sales by expanding its current customer base.
Management  is  continuing  to  evaluate the Company to reduce costs and improve
results  from  operations.

The  financial  statements do not include any adjustments that might result from
the  outcome  of  this  uncertainty.
<PAGE>
FULL  MOON  UNIVERSE,  INC.
FORMERLY  KNOWN  AS  CIMARRON-GRANDVIEW  GROUP,  INC.
NOTES  TO  FINANCIAL  STATEMENTS

NOTE  8  -  SUBSEQUENT  EVENT:

Subsequent  to  December  31,  2000,  the  Company  completed  a  share exchange
transaction with Full Moon Universe, Inc. (Full Moon). The effective date of the
share  exchange  was  January  5,  2001.

Prior to the share exchange transaction, the Company completed a 1-for-5 reverse
stock  split,  resulting in a total of 3,372,520 common shares outstanding.  The
transaction  was  consummated  by  the  Company's  issuance of 19,110,800 common
shares  to  Full  Moon's stockholders in exchange for all the outstanding common
stock of Full Moon.  This resulted in a total of 22,483,320 common shares of the
Company  issued  and  outstanding  after  the  transaction.   The  Company  also
increased  its  authorized  common  shares  to 100,000,000 and established a par
value  of  $.001  per  share.  In  addition,  the  Company authorized a class of
preferred  stock  consisting  of 10,000,000 shares at $.001 par value per share.
Coincident  with  the  transaction,  the  Company  changed its name to Full Moon
Universe,  Inc.

For  accounting  purposes, the acquisition of Full Moon's common shares has been
treated  as a recapitalization (reverse acquisition) of Full Moon with Full Moon
as  the  acquirer  of  Cimarron-Grandview,  Inc.





































<PAGE>

SIGNATURES


In  accordance  with  Section  13  or 15(d) of the Exchange Act , the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

FULL MOON UNIVERSE, INC.

    /s/ Charles Band                                  04/10/01
By:----------------------------------------    Date:--------------
CHARLES  BAND, President/CEO; Director
 (Principal  Executive  Officer)

   /s/ Mickey Kaiserman                               04/10/01
By:----------------------------------------    Date:---------------
MICKEY  KAISERMAN,  COO/CFO;  Director
 (Principal  Financial  Officer)


In  accordance  with  the Exchange Act, this report has been signed below by the
following  persons  on behalf of the registrant and in the capacities and on the
dates  indicated.



/s/ Charles Band                                      04/10/01
-------------------------------------------    Date:--------------
CHARLES  BAND,
President/CEO;  Director

/s/ Mickey Kaiserman                                  04/10/01
-------------------------------------------    Date:--------------
MICKEY  KAISERMAN,
COO/CFO;  Director



SUPPLEMENTAL  INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION
15(D)  OF  THE  EXCHANGE  ACT  BY  NON-REPORTING  ISSUERS

Not  Applicable