U.S. SECURITIES EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 10-QSB

(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

( )  TRANSACTION  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE  SECURITIES
     EXCHANGE ACT OF 1934

          For Quarter Ended:               Commission File Number:
            March 31, 2002                       000-13628


                            TRIDON ENTERPRISES, INC.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)


            COLORADO                                  13-3183646
  -------------------------------      ------------------------------------
  (State or other jurisdiction of      (IRS Employer Identification Number)
   incorporation or organization)


   Room 1305, 13/F Progress Commercial
   Building, 7-17 Irving Street, Causeway Bay,
                 Hong Kong
   --------------------------------------------             -----------------
     (Address of Principal Executive Offices)                  (Zip Code)

                                 (852) 2972-2772
                 -----------------------------------------------
                (Issuer's Telephone Number, Including Area Code)


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 filing  requirements
for the past 90 days.

                   Yes  X  No___

The number of shares of Common Stock, par value $0.001 per share, outstanding as
of March 31, 2002 is 98,468,000.

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


<PAGE>


                            TRIDON ENTERPRISES, INC.

                              INDEX TO FORM 10-QSB

                                 March 31, 2002



 PART I.  Financial Information                                         Page No.

   Item 1     Financial Statements (unaudited)                             2

               Consolidated Balance Sheets                                 3
               Consolidated Statements of Operation for three
                months ended March 31, 2002 and 2001                       4
               Consolidated Statements of Shareholders'
                Deficiency at March 31, 2002                               5
               Consolidated Statements of Cash Flows for three
                months ended March 31, 2002 and 2001                       6
               Notes to Consolidated Financial Statments                   7


   Item 2.    Management's Discussion and Analysis of Financial
               Condition and Results of Operation                         11

 PART II.  Other Information

   Item 1.    Legal Proceedings                                           13

   Item 2.    Changes  in  Securities  and Use of Proceeds                13

   Item 3.    Defaults Upon Senior Securities                             13

   Item 4.    Submission  of Matters to a Vote of Security Holders        13

   Item 5.    Other Information                                           13

   Item 6.    Exhibits and Reports on Form 8-K                            13






                                       1


<PAGE>
PART I    FINANCIAL INFORMATION


ITEM 1    FINANCIAL STATEMENTS


                          ALPHA SKY INVESTMENT LIMITED
                                AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)

                        CONSOLIDATED FINANCIAL STATEMENTS

                                 MARCH 31, 2002









                                       2

<PAGE>

                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)

                           Consolidated Balance Sheets
                                   (Unaudited)

                              A S S E T S               March 31,   December 31,
                                                           2002        2001
                                                        ----------  ------------
                                                            US$        US$
                                                        ----------  ------------

Current Assets:
   Cash and cash equivalents                                 2,017        4,412
   Other receivables, deposits and prepayments              44,995       44,995
                                                        ----------   ----------

         Total Current Assets                               47,012       49,407
Property, plant and equipment, net                          48,907       54,944
                                                        ----------   ----------

                                                            95,919      104,351
                                                        ==========   ==========

                            LIABILITIES AND
                        SHAREHOLDERS' DEFICIENCY

Current Liabilities:
   Other accounts payable and accrued expenses             443,364      252,649
   Advances from third parties                              33,000         --
   Advances from related parties                           817,336      817,983
   Advances from shareholder                               176,729      176,729
                                                        ----------   ----------

         Total Current Liabilities                       1,470,429    1,247,361
                                                        ----------   ----------

Shareholders' Deficiency:
   Preferred stock:
     7% cumulative convertible, par value $0.001;
     20,000,000 shares authorized; 10,035,800 shares
      issued and outstanding as of March 31, 2002           10,036       10,036
   Common stock:
     $0.001 par value; 100,000,000 shares authorized;
      98,468,000 shares issued and outstanding
      as of March 31, 2002                                  98,468       98,468
   Accumulated deficit                                  (1,483,014)  (1,251,514)
                                                        ----------   ----------

         Total Shareholders' Deficiency                 (1,374,510)  (1,143,010)
                                                        ----------   ----------

                                                            95,919      104,351
                                                        ==========   ==========

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

                                       3
<PAGE>


                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)

                      Consolidated Statements of Operations
                                   (Unaudited)

                   Three Months Ended March 31, 2002 and 2001





                                     Cumulative During
                                     Development Stage    2002          2001
                                     ----------------- ----------    ----------
                                             US$           US$           US$
                                     ----------------- ----------    ----------

Income                                      --             --            --

General and Administrative Expenses     (1,068,112)      (231,505)      (63,351)
                                        ----------     ----------    ----------

Loss from Operations                    (1,068,112)      (231,505)      (63,351)

Other Income                                   111              5             5
                                        ----------     ----------    ----------

Loss Before Income Taxes                (1,068,001)      (231,500)      (63,346)

Income Taxes                                  --             --            --
                                        ----------     ----------    ----------

Net Loss                                (1,068,001)      (231,500)      (63,346)
                                        ==========     ==========    ==========


Loss Per Common Share - Basic                            (    .01)
                                                       ==========











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

                                       4

<PAGE>


<TABLE>
<CAPTION>

                                             ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                                                     (A Development Stage Company)
                                          Consolidated Statements of Shareholders' Deficiency
                                                              (Unaudited)
                                              Three Months Ended March 31, 2002 and 2001


                                             Preferred      Additional
                               Common Stock    Stock      Paid-In Capital      Accumulated Deficit      Total          Total
                            ---------------- ---------  ------------------   -----------------------  -----------     ------------
                                                                                                      Accumulated     Shareholders
                             Alpha   Tridon    Tridon    Alpha    Tridon        Alpha       Tridon      Deficit        Deficiency
                              US $    US $      US $      US $     US $          US $        US $         US $            US $
                            -------  ------- ---------  -------- ---------   ----------  -----------  -----------     -------------
<S>                         <C>      <C>     <C>        <C>       <C>        <C>          <C>         <C>             <C>
Balance at December 31,
   2000                       1,000   79,795      53      282   12,416,102     (416,684) (13,269,287) (13,685,971)      (1,188,739)

Issuance of common stock in
 connection with:
   Issuance of common stock
     upon conversion of
     preferred stock             -       700     (17)      -       151,800           -            -            -           152,483
   Issuance of common stock
     in connection with
     payment of dividends
     on preferred stock          -     3,943      -        -        63,834           -            -            -            67,777
   Common stock issued in
     connection with
     repayment of loan
     from shareholder            -    14,030      -        -       535,258           -            -            -           549,288
   Effect of share exchange  (1,000)      -   10,000     (282) (13,166,994)          -    13,158,276   13,158,276               -

Net loss during the year         -        -       -        -            -      (419,817)    (304,002)    (723,819)        (723,819)
                            -------  ------- ---------  -------- ---------   ----------  -----------  -----------     -------------

Balance at December 31,
  2001                           -    98,468  10,036       -            -      (836,501)    (415,013)  (1,251,514)      (1,143,010)
                            -------  ------- ---------  -------- ---------   ----------  -----------  -----------     -------------

Net loss during the period       -        -       -        -            -      (231,500)           -     (231,500)        (231,500)
                            -------  ------- ---------  -------- ---------   ----------  -----------  -----------     -------------

Balance at March  31,
  2002                           -    98,468  10,036       -          -      (1,068,001)    (415,013)  (1,483,014)      (1,374,510)
                            =======  ======= =======  =======   =========    ==========  ===========  ===========     ============
</TABLE>



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

                                       5
<PAGE>
<TABLE>
<CAPTION>
                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)

                      Consolidated Statements of Cash Flows
                                   (Unaudited)

                   Three Months Ended March 31, 2002 and 2001

                                                   Cumulative During
                                                   Development Stage     2002         2001
                                                   ----------------- ----------    ----------
                                                         US$              US$          US$
                                                   ----------------- ----------    ----------
<S>                                                <C>               <C>           <C>
Cash Flows from Operating Activities:
   Net loss                                            (1,068,001)     (231,500)      (63,346)
   Adjustments to reconcile net loss to net cash
    used in operating activities:
     Depreciation and amortization                         75,093         6,037         5,925
     Allowance for bad debts                                2,777          --            --
   Changes in operating assets and liabilities:
     Increase in other receivables,
      deposits and prepayments                            (31,765)         --            --
     Increase in other payables and
      accrued expenses                                    335,221       190,715          --
                                                       ----------    ----------    ----------

Net Cash Used in Operating Activities                    (686,675)      (34,748)      (57,421)
                                                       ----------    ----------    ----------

Cash Flows from Investing Activities:
   Acquisition of plant and equipment                    (120,749)         --            --
                                                       ----------    ----------    ----------

Cash Flows from Financing Activities:
   Increase in advances from related parties            1,046,679         8,712        58,161
   Decrease in advances to related parties               (271,520)       (9,359)         --
   Issuance of common stock                                 1,282          --            --
   Advances from third parties                             33,000        33,000          --
                                                       ----------    ----------    ----------

Net Cash Provided by Financing Activities                 809,441        32,353        58,161
                                                       ----------    ----------    ----------

Net Increase (decrease) in Cash
  and Cash Equivalents                                      2,017        (2,395)          740

Cash and Cash Equivalents - Beginning                        --           4,412         1,776
                                                       ----------    ----------    ----------

Cash and Cash Equivalents - Ending                          2,017         2,017         2,516
                                                       ==========    ==========    ==========
</TABLE>

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

                                       6

<PAGE>


                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
                   Notes to Consolidated Financial Statements
                                   (Unaudited)
                   Three Months Ended March 31, 2002 and 2001

NOTE 1 - BASIS OF PRESENTATION

          The consolidated  financial  statements  include the accounts of Alpha
          Sky  Investment  Limited  and its  wholly-owned  subsidiaries,  Tridon
          Enterprises  Incorporated,  Accuhigh  Investments  Limited,  Tidy  Sum
          Investments  Limited and Alpha Spacecom Company Limited  (collectively
          the   "Company").   All   significant   inter-company   accounts   and
          transactions have been eliminated in consolidation.

          The accompanying unaudited  consolidated  financial statements,  which
          are for interim  periods,  do not include all disclosures  provided in
          the  annual  consolidated   financial   statements.   These  unaudited
          consolidated  financial  statements should be read in conjunction with
          the  consolidated  financial  statements  and  the  footnotes  thereto
          contained  in the  Annual  Report on Form  10-KSB  for the year  ended
          December 31, 2001 of Alpha Sky Investment Limited and Subsidiaries, as
          filed  with  the  Securities  and  Exchange  Commission.  The  summary
          December 31, 2001 balance sheet was derived from audited  consolidated
          financial statements, but does not include all disclosures required by
          generally accepted accounting principles.

          In the opinion of the Company, the accompanying unaudited consolidated
          financial  statements  contain all adjustments  (which are of a normal
          recurring  nature)  necessary for a fair presentation of the financial
          statements.  The  results  for  interim  periods  are not  necessarily
          indicative of results to be expected for the complete fiscal year.


NOTE 2 - ORGANIZATION AND BUSINESS

          The  Company  has  been  in  the  development  stage  since  formation
          (December  9, 1998) and  primarily  through  the  operations  of Alpha
          Spacecom Company  Limited,  is engaged in the business of developing a
          KA band  communication  satellite  system that will provide  broadband
          telecommunications  services  to the  People's  Republic of China (the
          "PRC") and its neighboring Asia Pacific countries.

          Alpha   Spacecom   Company   Limited  has  signed  a   memorandum   of
          understanding  with  China  Broadcasting  Film  Television   Satellite
          Company  ("CBSat"),  a division  of China's  State  Administration  of
          Radio, Film and Television  ("SARFT") to develop,  construct,  launch,
          maintain  and operate KA bank  satellites  for  distribution  of news,
          sports,  entertainment and Satellite Pay Per View ("SPPV") services in
          the PRC. Alpha Spacecom  Company  Limited has also signed a memorandum
          of  understanding   with  Lockheed  Martin  Commercial  Space  Systems
          ("LMCSS") whereby LMCSS will provide design, supply,  installation and
          integration of the ground network and  satellites,  referred to as the
          Alphacom System.

                                       7
<PAGE>

                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
             Notes to Consolidated Financial Statements (Continued)
                                   (Unaudited)

NOTE 2 - ORGANIZATION AND BUSINESS (CONTINUED)

          Alpha Sky Investment  Limited ("Alpha") was incorporated on August 19,
          1998  in  the  British  Virgin  Islands.   It  was  incorporated  with
          authorized  share  capital of 50,000 shares of common stock with a par
          value of $1.00 per share.  As of March 31, 2002 and December 31, 2001,
          1,000 shares of common stock were issued and outstanding.

          Accuhigh  Investments  Limited  ("Accuhigh"),  a British Virgin Island
          Company,  was incorporated on June 12, 2001. It was incorporated  with
          authorized  share  capital of 50,000 shares of common stock with a par
          value of $1.00 per share.  As of March 31, 2002 and December 31, 2001,
          one share of common stock was issued and outstanding.

          Tidy  Sum  Investments  Limited,  a  British  Virgin  Islands  Company
          ("Tidy"),  was  incorporated  on June 22, 2001 with  authorized  share
          capital  of  50,000  shares of  common  stock;  par value of $1.00 per
          share. As of March 31, 2002 and December 31, 2001, one share of common
          stock was issued and outstanding.

          Alpha Spacecom  Company Limited ("ASC",  the "operating  company") was
          incorporated in Hong Kong on December 9, 1998,  with authorized  share
          capital of 10,000  shares of common stock with a par value of HK $1.00
          per share.  As of March 31, 2002 and December  31, 2001,  one share of
          common stock was issued and outstanding.

          On  July  10,  2001,  Accuhigh  acquired  100%  of the  shares  of ASC
          accounted  for  under  the  purchase   method  without  any  resultant
          goodwill;  1% of the then outstanding  common shares were held by Tidy
          Sum Investment Limited in trust for the Company.

          Risk  Consideration  - As a majority of the Company's  operations  are
          -------------------
          conducted in the PRC, the Company is subject to special considerations
          and significant  risks not typically  associated  with  investments in
          equity  securities of North American and Western  European  companies.
          The  Company's  operations  may be adversely  affected by  significant
          political,  economic and social uncertainties in the PRC. Although the
          PRC government has been pursuing economic reform policies for the past
          several years,  no assurance can be given that the PRC government will
          continue to pursue  such  policies  or that such  policies  may not be
          significantly  altered,  especially  in  the  event  of  a  change  in
          leadership, social or political disruption or unforeseen circumstances
          affecting the PRC's political, economic and social life. There is also
          no guarantee  that the PRC  government's  pursuit of economic  reforms
          will be consistent or effective.


                                       8
<PAGE>

                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
             Notes to Consolidated Financial Statements (Continued)
                                   (Unaudited)

NOTE 2 - ORGANIZATION AND BUSINESS (CONTINUED)

          The  Company  expects  that  in the  future  substantially  all of its
          revenues will be  denominated in Renminbi  ("RMB").  A portion of such
          revenues  will need to be  converted  into  other  currencies  to meet
          foreign  currency   obligations  such  as  payment  of  any  dividends
          declared.  Both the conversion of RMB into foreign  currencies and the
          remittance  of  foreign   currencies  abroad  require  PRC  government
          approval.  No assurance can be given that the  operating  subsidiaries
          within the  Company  will  continue  to be able to convert  sufficient
          amounts of foreign currencies in the PRC's foreign exchange markets in
          the future for payment of dividends.


NOTE 3 - TRANSLATION OF FOREIGN CURRENCIES

          Monetary items  denominated in foreign  currencies are translated into
          Hong Kong  Dollars at the rate of  exchange  in effect at the  balance
          sheet date.  Non-monetary  items denominated in foreign currencies are
          translated into Hong Kong Dollars at the approximate  rate of exchange
          in effect at the  translation  date. Any revenue or expense  resulting
          from a transaction  made in a foreign currency is translated into Hong
          Kong Dollars at the approximate rate of exchange in effect on the date
          of the  transaction.  Foreign  exchange gains or losses resulting from
          the translation or settlement of a monetary item in a foreign currency
          are included as a separate component of shareholders' equity.

          Translation  of amounts from HK$ into US$ for the  convenience  of the
          reader has been made at the  Exchange  Rate on March 31, 2002 and 2001
          of US $1.00 equal to approximately HK $7.8. No  representation is made
          that the HK$  amounts  could have been,  or could be,  converted  into
          United  States  dollars at that rate on March 31, 2002 and 2001, or at
          any other date.


NOTE 4 - LOSS PER COMMON SHARE - BASIC

          Loss per common share - basic  ("EPS") is computed by dividing  income
          available to common  stockholders  by the  weighted-average  number of
          common shares  outstanding for the period.  Diluted earnings per share
          reflects the  potential  dilution  that could occur if  securities  or
          other contracts to issue common stock were exercised or converted into
          common  stock.  As of March 31, 2002,  the diluted share base excludes
          incremental shares relating to convertible preferred stock since their
          effect was anti-dilutive. The weighted-average number of common shares
          outstanding for computing EPS was 98,468,000.

                                        9
<PAGE>

                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
             Notes to Consolidated Financial Statements (Continued)
                                   (Unaudited)

NOTE 5 - GOING CONCERN

          The accompanying  consolidated financial statements have been prepared
          in conformity with generally  accepted  accounting  principles,  which
          contemplates  continuation of the Company as a going concern. However,
          the Company has sustained substantial operating losses in recent years
          and, additionally, the Company has used substantial amounts of working
          capital  in its  operations.  Further,  at  March  31,  2002,  current
          liabilities exceed current assets by $1,423,417, and total liabilities
          exceed total assets by $1,374,510.

          In view of these matters, realization of a major portion of the assets
          in the  accompanying  consolidated  balance  sheet is  dependent  upon
          continued  operations of the Company,  which in turn is dependent upon
          the  Company's  ability to meet its  financing  requirements,  and the
          success of its future operations.

          Management  believes  that it has the  ability  to  improve  its  cash
          position through financing  activities,  including possible private or
          public  offerings of stock.  However,  the  uncertainty of a sustained
          financing  and cash  management  program  and  continued  losses  from
          operations raise substantial doubt about the ability of the Company to
          continue as a going concern.


NOTE 6 - SHARE EXCHANGE

          Alpha Sky Investment  Limited entered into a Share Exchange  Agreement
          dated  December  10,  2001 to  effectuate  an  exchange of shares with
          Tridon  Enterprises   Incorporated   ("Tridon")  (the   "Registrant").
          Pursuant to the terms of the share exchange agreement, Tridon acquired
          from  Alpha Sky  Investment  Limited  all of its  equity  interest  in
          Accuhigh  Investments  Limited  and Tidy Sum  Investments  Limited  in
          exchange  for  10,000,000   shares  of  convertible   preferred  stock
          convertible  into  900,000,000  shares of common stock of Tridon.  The
          transaction  resulted in Alpha obtaining a majority voting interest in
          Tridon,  due to the conversion  feature  associated with the preferred
          stock, and Tridon was treated as the acquired  entity.  For accounting
          purposes,  the  acquisition  has been  treated as an  acquisition  and
          recapitalization of Tridon. The historical  financial statements prior
          to December 10, 2001 are those of Alpha.

          In connection with the share  exchange,  Xuedong Hu, Fung Sien and Wai
          Man Yu,  officers of Alpha,  were appointed as members of the board of
          directors.  Brian Brick resigned from the position of Chief  Executive
          Officer  of  Tridon.  The  directors  then  elected  Xuedong Hu as the
          Chairman of the Board and Chief  Executive  Officer and  appointed  M.
          Brick as the Chief Operating Officer of the Company.


                                       10
<PAGE>


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS.

     The  following   discussion   should  be  read  in  conjunction   with  our
consolidated  financial  statements  and  the  notes  thereto  appearing  in the
Company's  Annual  Report on Form 10-KSB for the year ended  December  31, 2001.
Certain statements  contained herein that are not related to historical results,
including,  without limitation,  statements  regarding our business strategy and
objectives, future financial position, expectations about pending litigation and
estimated cost savings,  are  forward-looking  statements  within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange Act
of 1934,  as amended  (the  "Securities  Exchange  Act") and  involve  risks and
uncertainties.  Although  we  believes  that  the  assumptions  on  which  these
forward-looking  statements are based are reasonable,  there can be no assurance
that such  assumptions will prove to be accurate and actual results could differ
materially from those discussed in the forward looking statements.  Factors that
could cause or contribute to such differences  include,  but are not limited to,
regulatory policies,  competition from other similar businesses,  and market and
general  policies,  competition  from other similar  businesses,  and market and
general economic factors. All forward-looking  statements contained in this Form
10-KSB are qualified in their entity by this statement.


OVERVIEW

     On December 10, 2001,  pursuant to a Share  Exchange  Agreement we acquired
from  Alpha Sky  Investment  Limited  all of Alpha  Sky's  equity  interests  in
Accuhigh  Investments  Limited,  a British Virgin  Islands  company and Tidy Sum
Investments Limited, a British Virgin Islands company in exchange for 10,000,000
shares of our convertible  preferred stock which shares of convertible preferred
stock are convertible into 900,000,000 shares of our common stock.

     As a result of the  acquisition,  we are now  engaged  in the  business  of
developing a Ka and  communication  satellite system that will provide broadband
telecommunications  services to China. For accounting purposes, this acquisition
will be treated as a  recapitalization  of Alpha Spacecom Company Limited,  Inc.
with Alpha Sky Investment Limited as the acquirer.


PLAN OF OPERATIONS

     The earnings of Alpha for the quarter ended March 31, 2002 were negative as
a result of management's  strategy to invest in research and development for the
start-up costs  associated with the building out of the Company's  communication
satellite  system.  The goal of these  expenditures was to begin the development
and building-out of an SPPV platform and for the development and construction of
the Alphacom System.

     Our current strategy is to leverage our cooperation with SARFT and CBSat to
develop and implement the SPPV platform.  Plans for expansion are expected to be
funded through current working capital from ongoing sales. However,  significant
growth  will  require  additional  funds  in the  form of debt or  equity,  or a
combination  thereof.  However,  there can be no  assurance  these funds will be
available.

                                       11
<PAGE>

     Our growth  strategy also  includes  strategic  acquisition  in addition to
growing its current business. A significant  acquisition will require additional
financing. There can be no assurance that we can obtain such financing.


RESULTS OF OPERATIONS

     We are in our  development  stage and we have not  generated  any  revenues
since we began our operations.

     Net operating  loss increased to ($231,500) for the quarter ended March 31,
2002  compared  to  ($63,351)  for the  quarter  ended  March  31,  2001  due to
additional research and development expense.

     Financial Condition, Liquidity, Capital Resources

     Net cash used in the operations of Alpha during the quarter ended March 31,
2002 was $34,748,  which was a decrease of $22,673 from the same period in 2001.
However,  due to the increase in project  development  expenses in this quarter,
increase in payable  and accrued  expenses  were  $190,715 in the quarter  ended
March 31, 2002 compared to no increase in this category in fiscal 2001. Net cash
received from  financing  activities was $32,353 which was $25,808 less than the
same period in 2001.

     We will continue to rely upon external  financing  sources to meet the cash
requirements of our ongoing operations. Management is currently seeking to raise
additional  funding  in the form of equity or debt,  or a  combination  thereof.
However,  there is no guarantee that we will raise sufficient capital to execute
our business plan. To the extent that we are unable to raise sufficient capital,
our business plan will require substantial  modification and our operations will
be curtailed.

     The report of our auditors for the year ended December 31, 2001 contains an
explanatory  paragraph as to our ability to continue as a going concern.  We are
currently addressing our liquidity problem by the following actions:

         Implementing  plans to further reduce operating costs

         Continually  seeking  investment capital through the public and private
         markets.


     There is no guarantee that any of these  strategies will enable the company
to meet its obligations for the foreseeable future.








                                       12
<PAGE>


                           PART II. OTHER INFORMATION

Item 1. Legal Proceedings

        None.

Item 2. Changes in Securities and Use of Proceeds.

        None.

Item 3. Defaults Upon Senior Securities

        None.

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

        None.

Item 5. Other Information

        None.

Item 6. Exhibits and Reports on Form 8-K

        (a)Exhibits:

           None

        (b)    Reports on Form 8-K:


          Registrant filed a report on Form 8-K on March 19, 2002 to report a
     change in fiscal year from April 30 to December 31.

          Registrant  filed a report on Form 8-K on April  19,  2002 to report a
     change in certifying accountants.





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<PAGE>




                                   SIGNATURES

        In accordance with the  requirements of the Exchange Act, the Registrant
has caused this report to be signed on its behalf by the undersigned,  thereunto
duly authorized.


Dated:  May 20, 2002

                                           TRIDON ENTERPRISES, INC.



                                           By: /s/ Terence Sien
                                               ---------------------------
                                           Name:   Terence Sien
                                           Title:  Chief Financial Officer










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