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, 2003                                       33-5203-D



                                The Entity, Inc.
                           --------------------------
             (Exact name of registrant as specified in its charter)


         Colorado                                       84-0953839
         --------                                       ----------
(State of incorporation)                                (I.R.S. Employer
                                                        Identification No.)

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

        Registrant's telephone number, including area code: (303) 422-8127
                                                            --------------


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.

                         81,400,000 as of March 31, 2003



<PAGE>
                                THE ENTITY, INC.

                              Financial Statements
                  For the Six Month Period Ended March 31, 2003
                                   (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


To the Board of Directors
 The Entity, Inc.
Arvada, Colorado

We have reviewed the accompanying balance sheet of The Entity, Inc. as of March
31, 2003 and the related statements of operations for the three month and six
month period ended March 31, 2003 and 2002, and the cash flows for the six
months ended March 31, 2003 and 2002 included in the accompanying Securities and
Exchange Commission Form 10-QSB for the period ended March 31, 2003. These
financial statements are the responsibility of the Company's management.

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

Based on our reviews, 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 September 30, 2001, and
the related statements of operations, stockholders' equity and cash flows for
the year then ended (not presented herein). In our report dated February 6,
2003, 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, 2003 is fairly stated in all material respects in relation to the balance
sheet from which it has been derived.



Michael Johnson & Co., LLC.
Denver, Colorado
May 20, 2003
/s/ Michael Johnson & Co., LLC

<PAGE>
<TABLE>
<CAPTION>


                                THE ENTITY, INC.
                                 BALANCE SHEETS
                                  (Unaudited)

<S>                                                               <C>                 <C>


                                                                   March 31,          September 30,
                                                                     2003                 2002
                                                                  ------------        -------------
ASSETS:

Current Assets:
  Cash                                                                    $ -                  $ -
                                                                  ------------        -------------

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


LIABILITIES AND STOCKHOLDERS' DEFICIT:

Current Liabilities:
  Accounts Payable                                                   $ 25,498             $ 25,158
  Advances from Stockholders                                            8,500                8,500
                                                                  ------------        -------------

TOTAL CURRENT LIABILITIES                                              33,998               33,658
                                                                  ------------        -------------

Stockholders' Deficit:
  Preferred stock, $.01 par value, 10,000,000
   shares authorized, none issued and outstanding                           -                    -
  Common stock, $.00001 par value, 100,000,000
    shares authorized, 81,400,000 shares issued and
    outstanding                                                         8,140                8,140
  Additional paid-in capital                                           53,610               53,610
  Deficit accumulated during the development stage                    (95,748)             (95,408)
                                                                  ------------        -------------

Total Stockholders' Deficit                                           (33,998)             (33,658)
                                                                  ------------        -------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                               $ -                  $ -
                                                                  ============        =============



</TABLE>
See accountant's review report.





<PAGE>
<TABLE>
<CAPTION>

                                THE ENTITY, INC.
                            STATEMENTS OF OPERATIONS
                                  (Unaudited)


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

                                                   Three Months Ended                          Six Months Ended
                                                       March 31,                                   March 31,
                                                2003                2002                   2003                2002
                                                ----                ----                   ----                ----


INCOME                                                $ -                 $ -                    $ -                 $ -


OPERATING EXPENSES:
General and Administrative                              -                   -                      -                   -
                                               ----------          ----------             ----------          ----------
Total Operating Expenses                                -                   -                      -                   -
                                               ----------          ----------             ----------          ----------
OTHER EXPENSES
Interest expense                                      170                   -                    340                   -
                                               ----------          ----------             ----------          ----------
Net Loss from Operations                           $ (170)                $ -                 $ (340)                $ -
                                               ==========          ==========             ==========          ==========
Weighted average number of
  shares outstanding                           81,400,000          81,400,000             81,400,000          81,400,000

Net Loss Per Share                                    $ -                 $ -                    $ -                 $ -
                                               ==========          ==========             ==========          ==========
</TABLE>
See accuontant's review report.

<PAGE>
<TABLE>
<CAPTION>

                                THE ENTITY, INC.
                 STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

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

                                                                                     Additional
                                                      Common Stock                     Paid-In        Accumulated
                                                        Shares          Amount         Capital          Deficit           Totals
                                                        ------          ------         -------          -------           ------

Balance - September 30, 1999                             81,400,000      $ 8,140          $53,610         $ (71,374)       $ (9,624)

Net loss for year                                                 -            -                -            (2,000)         (2,000)
                                                         ----------      -------          -------         ----------       ---------
Balance - September 30, 2000                             81,400,000        8,140           53,610           (73,374)        (11,624)
                                                         ----------      -------          -------         ----------       ---------
Net loss for year                                                 -            -                -            (8,228)         (8,228)
                                                         ----------      -------          -------         ----------       ---------
Balance - September 30, 2001                             81,400,000        8,140           53,610           (81,602)        (19,852)
                                                         ----------      -------          -------         ----------       ---------
Net loss for year                                                 -            -                -           (13,806)        (13,806)
                                                         ----------      -------          -------         ----------       ---------
Balance - September 30, 2002                             81,400,000        8,140           53,610           (95,408)        (33,658)
                                                         ----------      -------          -------         ----------       ---------
Net loss for period                                               -            -                -              (340)           (340)
                                                         ----------      -------          -------         ----------       ---------
Balance - June 30, 2003                                  81,400,000      $ 8,140          $53,610         $ (95,748)      $ (33,998)

</TABLE>
See accountant's review report


<PAGE>
<TABLE>
<CAPTION>
                                THE ENTITY, INC.
                            STATEMENTS OF CASH FLOWS
                                 Indirect Method
                                  (Unaudited)
<S>                                                                      <C>                 <C>

                                                                          Six Months Ended
                                                                             March 31,
                                                                     2003                2002
                                                                     ----                ----

Cash Flows From Operating Activities:
  Net (Loss)                                                             $ (340)               $ -
  Adjustments to reconcile net loss to net cash
    used in operating activities:
   Changes in assets and liabilities:
    Increase in  Accounts Payables                                          340                  -
                                                                         -------             -----
                                                                            340                  -
                                                                         -------             -----
Net Cash Used in Operating Activities                                         -                  -
                                                                         -------             -----
Cash Flow From Financing Activities:
  Advances from Stockholders                                                  -                  -
  Issuance of Common Stock                                                    -                  -
                                                                         -------             -----
  Net Cash Provided By Financing Activites                                    -                  -
                                                                         -------             -----
Increase (Decrease) in Cash                                                   -                  -

Cash and Cash Equivalents - Beginning of period                               -                  -
                                                                         -------             -----
Cash and Cash Equivalents - End of period                                   $ -                $ -
                                                                         =======             =====


Supplemental Cash Flow Information:
  Interest paid                                                             $ -                $ -
                                                                         =======             =====
  Taxes paid                                                                $ -                $ -
                                                                         =======             =====

</TABLE>
See accountant's review report.



<PAGE>
                                THE ENTITY, INC.
                          NOTES TO FINANCIAL STATEMENTS


1.       Presentation of Interim Information

     In the opinion of the management of The Entity, Inc., the accompanying
     unaudited financial statements include all normal adjustments considered
     necessary to present fairly the financial position as of March 31, 2003,
     and the results of operations for the three months and six months ended
     March 31, 2003 and 2003, and cash flows for the six months ended March 31,
     2003 and 2002. 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 September
     30, 2002.


<PAGE>


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


RESULTS OF OPERATIONS FOR QUARTER ENDED MARCH 31, 2003 COMPARED TO QUARTER ENDED
MARCH 31, 2002

The Company had no revenues from  operations in the period in 2003 or 2002.  The
Company  incurred no expenses  except interest of $170 in the period in 2003. It
had no expenses in 2002.  The Company had a loss on operations of ($170) in 2003
and no profit or loss in 2002.  The Company had a nominal loss per share in the
period in 2003 compared to no profit or loss in 2002.

RESULTS OF  OPERATIONS  FOR SIX MONTHS  ENDED  MARCH 31,  2003  COMPARED TO SAME
PERIOD ENDED MARCH 31, 2002

The Company had no revenues from  operations in the period in 2003 or 2002.  The
Company  incurred no expenses  except interest of $340 in the period in 2003 and
no expenses in 2002. It had a loss on operations of ($340) in 2003 and no profit
or loss in  2002.  There  was a  nominal  loss per  share in 2003 in the  period
compared to none in 2002.

LIQUIDITY AND CAPITAL RESOURCES

The Company had no cash capital at the end of the period and no assets. The
Company will be forced to either borrow or make private placements of stock in
order to fund operations. No assurance exists as to the ability to achieve loans
or make private placements of stock.

Evaluation of Internal and Disclosure Controls
----------------------------------------------
The  management of the company has evaluated the  effectiveness  of the issuer's
disclosure  controls  and  procedures  as of a date  within 90 days prior to the
filing  date of the  report  (evaluation  date)  and  have  concluded  that  the
disclosure  controls and procedures are adequate and effective  based upon their
evaluation  as of the  evaluation  date.  There were no  significant  changes in
internal controls or in other factors that could  significantly  affect internal
controls subsequent to the date of the most recent evaluation of such, including
any  corrective  actions with regard to  significant  deficiencies  and material
weaknesses.



<PAGE>



                           PART II - OTHER INFORMATION

ITEM 1.       LEGAL PROCEEDINGS

                  None

ITEM 2.       CHANGES IN SECURITIES

                  None

ITEM 3.       DEFAULT 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

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

          Exhibits: 99.14


<PAGE>


                                THE ENTITY, INC.
                          (A Development Stage Company)


                                   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.



                                         THE ENTITY, INC.



Date: May 20, 2003                   /s/ Larry Carr
                                         -----------------------------
                                         Larry Carr, President


<PAGE>
                       CERTIFICATION PURSUANT TO SECTION
                          302 OF THE SARBANES OXLEY ACT


I, Larry Carr, certify that:

1. I have  reviewed  this  quarterly  report on Form 10-QSB of The Entity,
Inc.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any
untrue  statement of a material fact or omit to state a material fact  necessary
to make the  statements  made,  in light of the  circumstances  under which such
statements  were made, not misleading with respect to the period covered by this
quarterly report;

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

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

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

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

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

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

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

<PAGE>

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 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: May 20, 2003


/s/Larry Carr
-----------------------
Larry Carr,  Chief Executive Officer