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                                       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, 2002


<PAGE>

                                THE ENTITY, INC.

                              Financial Statements
                  For the Six Month Period Ended March 31, 2002


<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.
Denver, Colorado

We have reviewed the accompanying balance sheet of The Entity, Inc. as of March
31, 2002 and the related statements of operations for the three months and six
months period ended March 31, 2002 and 2001, and the cash flows for the six
month period ended March 31, 2002 and 2001 included in the accompanying
Securities and Exchange Commission Form 10-Q for the period ended March 31,
2002. 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 generally accepted auditing standards, 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 generally accepted accounting principles.

We have previously audited, in accordance with generally accepted auditing
standards, 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 August 2, 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.


/s/ Michael Johnson & Co., LLC.
Michael Johnson & Co., LLC.
Denver, Colorado
August 6, 2002

                                      F-1



<PAGE>

<TABLE>
<CAPTION>


                                THE ENTITY, INC.
                                 BALANCE SHEETS
                                  (Unaudited)


                                                                  March 31,          September 30,
                                                                    2002                2001
                                                                 ------------        ------------
<S>                                                                  <C>                 <C>
ASSETS:

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

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


LIABILITIES AND STOCKHOLDERS' DEFICIT:

Current Liabilities:
  Accounts Payable                                                   $ 4,624             $ 4,624
  Advances from Stockholders                                           7,000               7,000
                                                                 ------------        ------------

TOTAL CURRENT LIABILITIES                                             11,624              11,624
                                                                 ------------        ------------

Stockholders' Deficit:
  Common stock, $.0001 par value, 100,000,000
    shares authorized, 81,400,000 shares issued and
    outstanding                                                        8,140               8,140
  Preferred stock, $.01 par value, 10,000,000
   shares authorized, none issued and outstanding                          -                   -
  Additional paid-in capital                                          53,610              53,610
  Accumulated deficit                                                (73,374)            (73,374)
                                                                 ------------        ------------

Total Stockholders' Deficit                                          (11,624)            (11,624)
                                                                 ------------        ------------

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

</TABLE>


                        See accountant's review report.

                                      F-2

<PAGE>

<TABLE>
<CAPTION>


                                             THE ENTITY, INC.
                                        STATEMENTS OF OPERATIONS
                                              (Unaudited)


                                                  Three Months Ended                         Six Months Ended
                                                      March 31,                                  March 31,
                                               2002                2001                   2002               2001
                                               ------------------------                   -----------------------
<S>                                            <C>                <C>                    <C>                <C>

INCOME                                                $ -                $ -                    $ -                $ -


OPERATING EXPENSES:
General and Administrative                              -                  -                      -                  -
Total Operating Expenses                                -                  -                      -                  -

Net Loss from Operations                              $ -                $ -                    $ -                $ -
                                          ================    ===============        ===============    ===============

Weighted average number of
  shares outstanding                           81,400,000         81,400,000             81,400,000         81,400,000

Net Loss Per Share                                    $ -                $ -                    $ -                $ -
                                          ================    ===============        ===============    ===============

</TABLE>


                        See accountant's review report.

                                      F-3

<PAGE>

<TABLE>
<CAPTION>


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


                                                                                   Additional
                                                     Common Stock                    Paid-In        Accumulated
                                                       Shares         Amount         Capital          Deficit           Totals
                                                   ---------------  ------------  --------------  ----------------  ---------------
<S>                                                    <C>              <C>             <C>             <C>              <C>

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 period                                             -             -               -                 -                -
                                                   ---------------  ------------  --------------  ----------------  ---------------
Balance - March 31, 2002                               81,400,000       $ 8,140         $53,610         $ (73,374)       $ (11,624)
                                                   ===============  ============  ==============  ================  ===============

</TABLE>

                        See accountant's review report.

                                      F-4

<PAGE>

<TABLE>
<CAPTION>

                                THE ENTITY, INC.
                            STATEMENTS OF CASH FLOWS
                                Indirect Method
                                  (Unaudited)






                                                                        Six Months Ended
                                                                             March 31,
                                                                    2002                2001
                                                                --------------------------------
<S>                                                                        <C>               <C>
Cash Flows From Operating Activities:
  Net (Loss)                                                               $ -               $ -
  Adjustments to reconcile net loss to net cash
    used in operating activities:
   Changes in assets and liabilities:
    Increase in  Accounts Payables                                           -                 -
                                                                             -                 -
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.

                                      F-5

<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, 2002,
     and the results of operations for the three months and six months ended
     March 31, 2002 and 2001, and cash flows for the six 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-Q,
     and do not contain certain information included in the Company's audited
     financial statements and notes for the fiscal year ended September 30,
     2001.


                                      F-6

<PAGE>


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


RESULTS OF OPERATIONS FOR QUARTER ENDED MARCH 31, 2002 COMPARED TO QUARTER ENDED
MARCH 31, 2001

The Company had no revenues from  operations in the period in 2002 or 2001.  The
Company  incurred no expenses in the period in 2002 or 2001 and had no profit or
loss on operations or profit or loss per share.


RESULTS OF  OPERATIONS  FOR SIX MONTHS  ENDED  MARCH 31,  2002  COMPARED TO SAME
PERIOD ENDED MARCH 31, 2001

The Company had no revenues from  operations in the period in 2002 or 2001.  The
Company  incurred no expenses in the period in 2002 or 2001 and had no profit or
loss on operations or profit or loss per share.


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.



<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.


<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: August 29, 2002                    /s/ Larry Carr
                                         -----------------------------
                                         Larry Carr, President