SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB


                  Quarterly Report under Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


For Quarter Ended                                   Commission File Number
- -----------------                                   ----------------------
March 31, 2002                                                   000-32341


                                  QUIXIT, INC.
                                ----------------
             (Exact name of registrant as specified in its charter)


Colorado                                                           84-1485082
- --------                                                           ----------
(State of incorporation)                               IRS Employer ID Number


7609 Ralston Road, Arvada, Colorado                                    80002
- ------------------------------------                                 -----
(Address of principal executive offices)                             (Zip Code)


                                  303.422.8127
                                  ------------
                         (Registrant's Telephone number)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 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 the filing
requirements for at least the past 90 days.

                           Yes  X        No
                              -----        -----

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

                  1,000,000 common shares as of March 31, 2002

<PAGE>




                                     QUXIT, INC.
                              FINANCIAL STATEMENTS

                    For the Three-Months Ended March 31, 2002
                                   (Unaudited)






<PAGE>



                           MICHAEL JOHNSON & CO., LLC
                          Certified Public Accountants
                        9175 East Kenyon Ave., Suite 100
                             Denver, Colorado 80237

Michael B. Johnson C.P.A.                             Telephone:  (303) 796-0099
Member:  A.I.C.P.A.                                         Fax:  (303) 796-0137
Colorado Society of C.P.A.s



           REPORT ON REVIEW BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT



Board of Directors
Quixit, Inc.
Colorado Springs, CO

We have reviewed the accompanying balance sheet of Quixit, Inc. for March 31,
2002, and the related statements of income and cash flows for the three-months
ended March 31, 2002 and 2001, included in the accompanying Securities and
Exchange Commission 10-QSB for the period ended March 31, 2002. These financial
statements are the responsibility of the Company's management.

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

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

We have previously audited, in accordance with auditing standards generally
accepted in the United States, the balance sheet as of December 31, 2001, and
the related statements of operations, stockholders' equity and cash flows for
the year then ended (not presented herein). In report dated January 23, 2002, we
expressed an unqualified opinion on those financial statements. In our opinion,
the information set forth in the accompanying balance sheet as of March 31, 2002
is fairly stated in all material respects in relation to the balance sheet from
which it has been derived.


Michael Johnson & Co., LLC
Denver, CO
May 14, 2002

/s/Michael Johnson & Co., LLC

<PAGE>
<TABLE>
<CAPTION>
QUIXIT, INC.
BALANCE SHEETS
(Unaudited)
<S>                                                                              <C>                      <C>




                                                                                    March 31,               December 31,
                                                                                      2002                      2001
                                                                                 ----------------         -----------------

ASSETS;

   Current Assets:
      Cash                                                                             $ -                     - $ -
      Other current assets                                                                         -                        -
                                                                                 ----------------         -----------------

Total Current Assets                                                                               -                        -
                                                                                 ----------------         -----------------

TOTAL ASSETS                                                                           $ -                     - $ -
                                                                                 ================         =================

LIABILITIES AND STOCKHOLDERS' EQUITY
    Current Liabilities
         Advances from shareholders                                                  $ 2,500                   $ 2,500
                                                                                 ----------------         -----------------

Total Current Liabilities                                                                   2,500                    2,500

 Stockholders Equity
    Common stock, $.01 par value, 5,000,000 shares                                        50,000                    50,000
        authorized, 5,000,000 shares issued and outstanding
    Additional Paid-In Capital                                                            85,793                    85,793
    Deficit accumulated during the
      development stage                                                                (138,293)                 (138,293)
                                                                                 ----------------         -----------------
                                                                                 ----------------         -----------------

Total Stockholders' Equity                                                                 (2,500)                  (2,500)
                                                                                 ----------------         -----------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                             $ -                     - $ -
                                                                                 ================         =================
</TABLE>
See Accountants Review Report

<PAGE>
<TABLE>
<CAPTION>
QUIXIT, INC.
STATEMENTS OF OPERATIONS
(Unaudited)
<S>     <C>    <C>

                                                                Three-Months Ended
                                                       March 31,
                                                          2002                     2001

Revenue:
    Sales                                                  $ -                      $ -
    Cost of goods sold                                       -                        -
                                                          ----                  -------
Total Income                                                 -                        -

Costs and Expenses:
     Legal & Accounting                                      -                        -
      Travel                                                 -                        -
                                                          ----                  -------
Total Expenses                                               -                        -
                                                          ----                  -------
Net Loss                                                   $ -                      $ -
                                                          ====                  =======

Per Share Information:

     Weighted average number
     of common shares outstanding                          5,000,000                 5,000,000
                                                          ----------            --------------
Net Loss per common share                                  *                         *
                                                          ==========            ==============
* Less than $.01
</TABLE>
See Accountants Review Report

<PAGE>
<TABLE>
<CAPTION>
                                  QUIXIT, INC.
                              STOCKHOLDERS' EQUITY
                                 MARCH 31, 2002
                                  (Unaudited)

<S>                                     <C>              <C>               <C>                 <C>                <C>

                                                                                             Deficit
                                             COMMON STOCKS              Additional            Accum. During        Total
                                                                          Paid-In           Development         Stockholders'
                                      # of Shares        Amount           Capital              Stage               Equity
                                      -----------        ------           -------              -----               ------


December 31, 1997                           1,000            $ 10          $ 54,578                   $ -         $ 54,588

Net Loss for Period                             -               -                 -               (16,771)         (16,771)
                                        ---------          -------         --------               --------        --------
Balance - December 31, 1997                 1,000              10            54,578               (16,771)          37,817
                                        ---------          -------         --------               --------        --------
Issuance of stock for cash              4,999,000          49,990            31,215                     -           81,205

Net Loss for Year                               -               -                 -               (49,399)         (49,399)
                                        ---------          -------         --------               --------        ---------
Balance -  December 31, 1998            5,000,000          50,000            85,793               (66,170)          69,623
                                        ---------          -------         --------               --------        ---------
Net Loss for Year                               -               -                 -               (69,623)         (69,623)
                                        ---------          -------         --------               --------        ---------
Balance -  December 31, 1999            5,000,000          50,000            85,793              (135,793)               -
                                        ---------          -------         --------               --------        ---------
Net Loss for Year                               -               -                 -                (2,500)          (2,500)
                                        ---------          -------         --------               --------        ---------
Balance -  December 31, 2000            5,000,000          50,000            85,793              (138,293)          (2,500)
                                        ---------          -------         --------               --------        ---------
Net Loss for Year                               -               -                 -                     -                -
                                        ---------          -------         --------               --------        ---------
Balance -  December 31, 2001            5,000,000          50,000            85,793              (138,293)          (2,500)
                                        ---------          -------         --------               --------        ---------
Net Loss for Period                             -               -                 -                     -                -
                                        ---------          -------         --------               --------        ---------
Balance - March 31, 2002                5,000,000        $ 50,000          $ 85,793            $ (138,293)        $ (2,500)
                                        =========          =======         ========               ========        =========
</TABLE>
See Accountants Review Report

<PAGE>
<TABLE>
<CAPTION>
QUIXIT, INC.
STATEMENTS OD CASH FLOW
(Unaudited)

Indirect Method

<S>     <C>    <C>

                                                                                          Three-Months Ended
                                                                                          March 31,
                                                                                            2002                        2001

Cash Flows from Operating Activities:

     Net Loss                                                                                      $ -                          $ -
     Adjustments to reconcile net loss to net cash used
        by operating activities
     Amortization and depreciation                                                                   -                            -
     Decrease in inventory                                                                           -                            -
     Decrease in accounts receivable                                                                 -                            -
     Decrease in current assets                                                                      -                            -
     Increase (Decrease) in current liabilities                                                      -                            -
     (Decrease) in accrued expenses                                                                  -                            -
                                                                                                  ----                          ----
Net Cash Used by Operating Activities                                                                -                            -
                                                                                                  ----                          ----
Net Increase in Cash & Cash Equivalents                                                              -                            -

Beginning Cash & Cash Equivalents                                                                    -                            -
                                                                                                  ----                          ----
Ending Cash & Cash Equivalents                                                                     $ -                          $ -
                                                                                                  ====                          ====

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
     Cash paid for Interest                                                                        $ -                          $ -
                                                                                                  ====                          ====
     Cash paid for Income Taxes                                                                    $ -                          $ -
                                                                                                  ====                          ====
</TABLE>
See Accountants Review Report

<PAGE>
                                  QUIXIT, INC.
                          Notes to Financial Statements
                                 March 31, 2002




Note 1 - Presentation of Interim Information:

In the opinion of the management of Quixit, Inc., the accompanying unaudited
financial statements include all normal adjustments considered necessary to
present fairly the financial position as of March 31, 2002 and the results of
operations and cash flows for the three-months ended March 31, 2002 and 2001.
Interim results are not necessarily indicative of results for a full year.

The financial statements and notes are presented as permitted by Form 10-QSB,
and do not contain certain information included in the Company's audited
financial statements and notes for the fiscal year ended December 31, 2001.


<PAGE>


Item 2.  Management's Discussion and Analysis of Financial Condition and Results
- ------------------------------------------------------------------------------
of Operations
- -------------

Results of Operations
- ---------------------

         The Company had no revenue or operations for the period. There can be
no assurance that the Company will be able to complete a merger with an
operating company. Due to the lack of a specified business opportunity, the
Company is unable to predict the period for which it can conduct operations.

Comparison of Operating Results for the Three Months Ended March 31, 2002 and
- -----------------------------------------------------------------------------
March 31, 2001
- --------------

     The Company had no revenues or expenses  for the three  months  ended March
31, 2002 and March 31, 2001.

         The net operating loss in the quarter in 2002 or in 2001. The net
profit/loss per share for the quarter was $0 in 2002 and 2001.


Liquidity and Capital Resources
- -------------------------------

         At March 31, 2002, the Company had no cash or other assets with which
to conduct operations. The lack of liquidity or liquid assets raises substantial
doubt about the Company's ability to continue as a going concern unless it is
able to generate sufficient cash flows to meet its obligations and sustain
operations. To meet required current operating expenses the Company is totally
dependent upon its principal shareholder to advance funds until the Company has
acquired another entity that has sufficient resources to fund the Company's
operations.

         Once the Company has identified an appropriate business combination,
lack of existing capital may be a sufficient impediment to prevent its
consummation. And if a business combination is completed, the Company's needs
for additional financing is likely to increase substantially.



<PAGE>


                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.
- --------------------------

         The Company is not a party to any pending legal proceedings, and no
such proceedings are known to be contemplated.

Item 2.  Change in Securities.
- -----------------------------

         (Not applicable)

Item 3.  Defaults Upon Senior Securities.
- ----------------------------------------

         (Not applicable)

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

         (Not applicable)

Item 5.  Other Information.
- --------------------------

         (Not applicable)

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

(a)      Exhibits

         No exhibits as set forth in Regulation SB, are considered necessary for
this filing.

(b)      Reports on Form 8-K

         No reports on Form 8-K were filed during the quarter for which this
report is filed.




<PAGE>


                                   SIGNATURES

         In accordance with the requirements of the Securities and Exchange Act
of 1934, as amended, the registrant caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


                                                  QUIXIT, INC.


                                                  By: /s/ H. Daniel Boone
Date:  May 14, 2002                                  ------------------------
                                                      H. Daniel Boone, President