U. S. Securities and Exchange Commission
                             Washington, D. C. 20549


                                   FORM 10-QSB


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

        For the quarterly period ended September 30, 2003

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934

         For the transition period from                to
                                        --------------    ------------------


                               Commission File No.
                                     0-30657

                            Raser Technologies, Inc.
                 (Name of Small Business Issuer in its Charter)


                 UTAH                                     87-0638510
      (State or Other Jurisdiction of            (I.R.S. Employer I.D. No.)
       incorporation or organization)


                      5152 North Edgewood Drive, Suite 375
                                Provo, Utah 84604
                    (Address of Principal Executive Offices)

                    Issuer's Telephone Number: (801) 765-1200


                           Wasatch Web Advisors, Inc.
                          4848 South Highland Dr. #140
                           Salt Lake City, Utah 84117
                                   -----------
          (Former Name or Former Address, if changed since last Report)


     Indicate  by check mark  whether the  Registrant  (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the  Securities  Exchange Act of
1934  during  the  preceding  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.

(1)  Yes  X    No              (2)  Yes  X     No
         ----     ----                  ----         ----
<PAGE>

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

     None, Not Applicable;

     APPLICABLE  ONLY  TO  CORPORATE  ISSUERS  Indicate  the  number  of  shares
outstanding  of each of the  Registrant's  classes  of common  stock,  as of the
latest practicable date:

                               October 31, 2003

                                   42,457,286

PART I - FINANCIAL INFORMATION

Item 1.Financial Statements.

The Financial Statements of the Registrant required to be filed with this 10-QSB
Quarterly Report were prepared by management and commence on the following page,
together  with  related  Notes.  In the  opinion of  management,  the  Financial
Statements  fairly  present  the  financial  condition  of the  Registrant.
<PAGE>
<TABLE>
<CAPTION>

                            RASER TECHNOLOGIES, INC.
                                  Balance Sheet
                For the Period ending September 30, 2003 and the
                          Year Ended December 31, 2002

                                                                09/30/2003      12/31/2002
                                                                ----------      ----------
                                                                [Unaudited]
ASSETS

        Current Assets

<S>                                                              <C>            <C>
               Cash                                              $      0       $  4,322
                                                                 --------       --------
        Total Current Assets                                     $      0       $  4,322

        Property and Equipment
               Property and Equipment                            $  4,003       $  4,003
               Less: Accumulated Depreciation                      (3,697)        (2,998)
        Total Property and Equipment                             $    306       $  1,005
                                                                 --------       --------
TOTAL ASSETS                                                     $    306       $  5,327

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

        Current Liabilities
               Accrued Liabilities                                $   118       $    118
               Payable to shareholder                                   0              0
               Income taxes payable -                                 100            100
                                                                  -------       --------
        Total Current Liabilities                                     218            218

TOTAL LIABILITIES                                                     218            218

STOCKHOLDERS' EQUITY

        Capital stock - 50,000,000 shares authorized at $0.01 par;
           1,186,857 and 1,186,857, respectively, shares issued and
           outstanding                                             11,869         11,869
        Additional paid-in capital                                 24,671         24,671
        Deficit accumulated during development stage              (36,452)       (31,431)

TOTAL STOCKHOLDERS  EQUITY                                             88          5,109

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY                       $     306          5,327



</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                            RASER TECHNOLOGIES, INC.
                            Statements of Operations
     For the Three and Nine Month Periods Ended September 30, 2003 and 2002
    and for the period from inception [09/14/99] through September 30, 2003


                                                                                                                       For the
                                                                                                                     Period from
                                                  For the                For the          For the        For the     Inception
                                               Three Months             Nine Months     Three Months     Nine Months  [09/14/99]
                                                   Ended                  Ended           Ended          Ended       through
                                                  9/30/03                9/30/03         9/30/02        09/30/02     09/30/03
                                               ---------------          ------------   ------------    ------------ -----------


<S>                                         <C>                        <C>            <C>             <C>          <C>
Revenues                                     $              0           $          0   $          0    $          0 $     4,868
Cost of Sales                                               0                      0              0               0       1,375
                                               ---------------          -------------  ------------    ------------ -----------
  Gross Margin                                              0                      0              0               0       3,493

General and Administrative Expenses                     2,714                  5,021          1,993           6,644      39,545
                                               ---------------          -------------  ------------    ------------ -----------
Net Loss from Operations                               (2,714)                (5,021)        (1,993)         (6,644)    (36,052)

                                               ---------------          -------------  ------------    ------------ -----------
       Net Loss Before Income Taxes                    (2,714)                (5,021)        (1,993)         (6,644)    (36,052)

Provision for Income Taxes                                  0                      0              0               0         400
                                               ---------------          -------------  ------------    ------------ -----------
Net Loss                                     $         (2,714)          $     (5,021)  $     (1,993)         (6,644)    (36,452)
                                               ===============          =============  ============    ============ ===========

Loss Per Share                               $           (.01)          $       (.01)  $      (0.01)   $       (.01)$      (.03)
                                               ===============          =============  ============    ============ ===========

Weighted Average Shares Outstanding                 1,186,857              1,186,857      1,186,857       1,186,857   1,137,932
                                               ===============          =============  ============    ============ ===========





</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                            RASER TECHNOLOGIES, INC.
                            Statements of Cash Flows
     For the Three and Nine Month Periods Ended September 30, 2003 and 2002
    and for the period from inception [09/14/99] through September 30, 2003


                                                                                                                        For the
                                                                                                                       Period from
                                                              For the           For the       For the      For the     Inception
                                                            Three Month       Nine Month    Three Month   Nine Month    [09/14/99)
                                                           Period Ending     Period Ending Period Ending Period Ending  through
                                                             09/30/03         09/30/03      09/30/02       09/30/02     09/30/03

Cash Flows Provided by/(Used for) Operating Activities
                                                            --------------     -------------  ----------  ----------   -----------


<S>                                                    <C>                    <C>            <C>         <C>              <C>
Net Loss                                                 $          (2,714)     $     (5,021)  $   (1,993) $   (6,644)      (36,452)
Adjustments to reconcile net income to net
cash provided by operating activities:
    Increase in Depreciation                                           233               699          233         699         3,697
    Increase in income taxes payable                                     0                 0            0           0           100
    Increase/(Decrease) in amount due to shareholder                     0                 0            0           0             0
    Shares issued for forgiveness of debt                                0                 0            0           0         5,000
    Decrease/(Increase) in accrued liabilities                           0                 0            0        (698)          118
                                                             --------------      ------------  ----------  ----------   -----------
       Net Cash Provided by/(Used for) in Operating  Activities     (2,481)           (4,322)      (1,760)     (6,643)      (27,537)

Cash Flows Provided by Investing Activities
    Purchase of equipment                                                0                 0            0           0        (4,003)
                                                             --------------      ------------  ----------  ----------   -----------
              Net Cash Used by Investing Activities                      0                 0            0           0        (4,003)

Cash Flows Provided by Financing Activities
    Issued stock for cash                                                0                 0            0           0        31,540
                                                             --------------      ------------  ----------  ----------   -----------
              Net Cash Provided by Financing Activities                  0                 0            0           0        31,540

                Net Increase(decrease) in Cash                      (2,481)           (4,322)      (1,760)     (6,643)            0

Beginning Cash Balance                                               2,481             4,322        7,786      12,669             0
                                                             --------------      ------------  ----------  ----------   -----------

Ending Cash Balance                                      $               0       $         0   $    6,026  $    6,026   $         0
                                                             ==============      ============  ==========  ==========   ===========

</TABLE>
<PAGE>

                           Raser Technologies, Inc.
                   Notes to the Interim Financial Statements


NOTE 1- BASIS OF PRESENTATION

          The  accompanying  unaudited  interim  financial  statements  of Raser
          Technologies,  Inc.,  Inc.  have  been  prepared  in  accordance  with
          generally  accepted   accounting   principles  and  the  rule  of  the
          Securities  and  Exchange  Commission  ("SEC"),  and should be read in
          conjunction  with the audited  financial  statements and notes. In the
          opinion of management, all adjustments, consisting of normal recurring
          adjustments,  necessary for a fair presentation of financial  position
          and  the  results  of  operations  for  interim  are  not  necessarily
          indicative of the results to be expected for the full year.

NOTE 2- SUBSEQUENT EVENTS

          Effective as of October 14, 2003,  the Company then known as,  Wasatch
          Web  Advisors,  Inc.;  Raser  Technologies,  Inc., a Utah  corporation
          ("Raser"),  and the common stockholders and preferred  stockholders of
          Raser  (the  "Raser  Common  Stockholders"  and the  "Raser  Preferred
          Stockholders," and collectively,  the "Raser Stockholders"),  executed
          an  Agreement  and  Plan  of   Reorganization   (the   "Reorganization
          Agreement"),  whereby the Company  acquired (i) 100% of the issued and
          outstanding shares of common stock of Raser in exchange for 42,457,286
          post-split  shares of the Company's common stock, or approximately 95%
          of its  post-Reorganization  Agreement  outstanding  common stock; and
          (ii) 100% of the issued and  outstanding  preferred  stock of Raser in
          exchange  for 300,000  shares of the  Company's  preferred  stock (the
          "Reorganization").

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

Plan of Operation.

     The  Company has  created  relationships  with  several  clients  through a
all-in-one  website  service  contract.   Furthermore,   the  Company  plans  on
increasing its client base through  advertisement and by broadening the services
in which it currently provides.

     The  Company's  generated no revenue from  operations  during the quarterly
period ended September 30, 2003, and incurred expenses of $2,714,  stemming from
costs related to sales, and also, general and administrative expenses.

     Effective  as of October 14, 2003,  the Company then known as,  Wasatch Web
Advisors, Inc.; Raser Technologies,  Inc., a Utah corporation ("Raser"), and the
common  stockholders  and  preferred  stockholders  of Raser (the "Raser  Common
Stockholders"  and the "Raser Preferred  Stockholders,"  and  collectively,  the
"Raser  Stockholders"),  executed an Agreement and Plan of  Reorganization  (the
"Reorganization Agreement"), whereby the Company acquired (i) 100% of the issued
and  outstanding  shares of common  stock of Raser in  exchange  for  42,457,286
post-split  shares of the Company's  common stock, or  approximately  95% of its
post-Reorganization  Agreement  outstanding  common stock;  and (ii) 100% of the
issued and  outstanding  preferred stock of Raser in exchange for 300,000 shares
of  the  Company's   preferred   stock  (the   "Reorganization").   For  further
information, refer to the Current Report on Form 8-K, as filed October 14, 2003.

Liquidity

     At  September  30,  2003,  the Company  had total  assets of $306 and total
liabilities of $218.

PART II - OTHER INFORMATION

Item 1.Legal Proceedings.

None; not applicable.

Item 2.Changes in Securities.

     On September 17, 2003, the Board of Directors,  acting  pursuant to Section
16-10a-821  of the Utah  Revised  Business  Corproration  Act,  did  unanimously
consent to effect a forward split of the Company's outstanding common stock on a
basis of two for one,  while  retaining  the  current  par value of $0.01,  with
appropriate  adjustments  to the capital  accounts of the Company,  such forward
split to be effective as of the opening of business on September 19, 2003,  with
all  fractional  shares to be rounded up to the nearest  whole  share,  and such
forward split to be accomplished by a mandator exchange of certificates.

     On July 29, 2003, the Board of Directors and Majority  Stockholders  of the
Company  voted  in  favor to  increase  the  Company's  authorized  shares.  The
aggregate  number of shares which the Company  shall have  authority to issue is
55,000,000 shares,  divided into two classes,  50,000,000 shares of common stock
of a par value of one cent ($0.01) per share and  5,000,000  shares of preferred
stock of a par value of one cent  ($0.01) per share,  with the  preferred  stock
having such rights and  preferences as the Board of Directors  shall  determine.
Fully paid stock of this corporation  shall not be liable to any further call or
assessment. For further information see the Definitive Information Statement, as
filed August 25, 2003.

Item 3.Defaults Upon Senior  Securities.

None; not applicable.

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

     On July 29, 2003, the Board of Directors and Majority  Stockholders  of the
Company  voted  in  favor to  increase  the  Company's  authorized  shares.  The
aggregate  number of shares which the Company  shall have  authority to issue is
55,000,000 shares,  divided into two classes,  50,000,000 shares of common stock
of a par value of one cent ($0.01) per share and  5,000,000  shares of preferred
stock of a par value of one cent  ($0.01) per share,  with the  preferred  stock
having such rights and  preferences as the Board of Directors  shall  determine.
Fully paid stock of this corporation  shall not be liable to any further call or
assessment. For further information see the Definitive Information Statement, as
filed August 25, 2003.

Item 5.Other Information.

     See the heading "Plan of Operation" of the caption "Management's Discussion
and Analysis or Plan of Operation," above, Part I, Item 2.

Item 6.Exhibits and Reports on Form 8-K.

     Refer to the Current  Report filed on Form 8-K, as filed  October 14, 2003.

     Refer to the Definitive Infomration Statement, as filied August 25, 2003.

(b)Reports on Form 8-K.

     Refer to the Current  Report filed on Form 8-K, as filed  October 14, 2003.


<PAGE>


                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



     In connection with the Quarterly  Report of Raser  Technologies,  Inc. (the
"Company")  on Form 10-QSB for the quarter  ended  September  30, 2003, as filed
with the Securities and Exchange  Commission on the date hereof (the  "Report"),
I, James P. Doolin Chief Executive  Officer and Chief  Financial  Officer of the
Company,  certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the
Sarbanes-Oxley Act, that:


     (1) The Report fully  complies  with the  requirements  of section 13(a) or
     15(d) of Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
     material respects,  the financial condition and result of operations of the
     Company.


Date: 10/14/03               /S/ JAMES P. DOOLIN
                            James P. Doolin, Chief Executive Officer and
                            Chief Financial Officer

<PAGE>

                                  CERTIFICATION

I, James P. Doolin, certify that:

1.  I  have  reviewed  this  Quarterly  Report  on  Form  10-QSB  of  Raser
Technologies, 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
the  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; and

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.


Date:10/14/03                   /S/ JAMES P. DOOLIN
                                --------------------------------------------
                                James P.Doolin, Chief Executive Officer and
                                 Chief Financial Officer
<PAGE>

SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  Report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                            Raser Technologies, Inc.





Date:10/14/03               /S/ JAMES P. DOOLIN
                            ---------------------------------------
                            James P. Doolin, President and Director