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
-----------------                                    ----------------------
December 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 December 31, 2002


<PAGE>

                                THE ENTITY, INC.

                              Financial Statements
               For the Three Month Period Ended December 31, 2002

<PAGE>


                          Michael Johnson & Co., LLC.
                             9175 Kenyon Ave., #100
                                Denver, CO 80237
                              Phone: 303-796-0099
                               Fax: 303-796-0137






           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
December 31, 2002 and the related statements of operations for the three month
period ended December 31, 2002 and 2001, and the cash flows for the three months
ended December 31, 2002 and 2001 included in the accompanying Securities and
Exchange Commission Form 10-QSB for the period ended December 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 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, 2002, 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
December 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
February 18, 2003



                                      F-1


<PAGE>

<TABLE>
<CAPTION>


                                   THE ENTITY, INC.
                                    BALANCE SHEETS
                                      (Uaudited)


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

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

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

LIABILITIES AND STOCKHOLDERS' DEFICIT:

Current Liabilities:
  Accounts Payable                                                  $ 25,328            $ 25,158
  Advances from shareholders                                           8,500               8,500
                                                                 ------------        ------------

TOTAL CURRENT LIABILITIES                                             33,828              33,658
                                                                 ------------        ------------

Stockholders' Deficit:
  Preferred Stock, $.01 par value, 10,000,000
   shares authorized, none issued and outstanding                          -                   -
  Common stock, $.0001 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
  Accumulated deficit                                                (95,578)            (95,408)
                                                                 ------------        ------------

Total Stockholders' Deficit                                          (33,828)            (33,658)
                                                                 ------------        ------------

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
                                                               December 31,
                                                    ----------------------------------
                                                         2002               2001
                                                    ---------------    ---------------
<S>                                                 <C>                <C>
INCOME                                                         $ -                $ -


OPERATING EXPENSES:
General and Administrative                                       -                  -
                                                    ---------------    ---------------
 Total Operating Expenses                                        -                  -
                                                    ---------------    ---------------
OTHER INCOME/EXPENSES:
Interest Expense                                              (170)                 -
                                                    ---------------    ---------------
Net Loss from Operations                                    $ (170)               $ -
                                                    ===============    ===============

Weighted average number of
  shares outstanding                                    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 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                                             -             -               -              (170)            (170)
                                                   ---------------  ------------  --------------  ----------------  ---------------
Balance - December 31, 2002                            81,400,000       $ 8,140         $53,610         $ (95,578)       $ (33,828)
                                                   ===============  ============  ==============  ================  ===============

</TABLE>


                            See accountant's report.

                                      F-4

<PAGE>

<TABLE>
<CAPTION>


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


                                                                       Three Months Ended
                                                                           December 31,
                                                                    2002                2001
                                                              -----------------     -------------
<S>                                                           <C>                   <C>
Cash Flows From Operating Activities:
  Net (Loss)                                                            $ (170)              $ -
  Adjustments to reconcile net loss to net cash
    used in operating activities:
   Changes in assets and liabilities:
    Increase in  Accounts Payables                                         170                 -
                                                              -----------------     -------------
                                                                           170                 -
                                                              -----------------     -------------
Net Cash Used in Operating Activities                                        -                 -
                                                              -----------------     -------------
Cash Flow From Financing Activities:
  Issuance of common stock                                                   -                 -
  Advances from shareholders                                                 -                 -
                                                              -----------------     -------------
  Net Cash Provided By Financing Activities                                  -                 -
                                                              -----------------     -------------
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 December 31, 2002,
     and the results of operations for the three months ended December 31, 2002
     and 2001, and cash flows for the three months ended December 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 September
     30, 2002.





                                      F-6

<PAGE>


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


RESULTS OF OPERATIONS FOR QUARTER ENDED DECEMBER 31, 2002 COMPARED TO PERIOD
ENDED DECEMBER 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 except $170 in
interest accrual in 2002 in the quarter and had  a loss on operations of ($170)
in 2002 compared to none in 2001 in the period.  The loss per share was nominal
in the period in 2002 compared to none in 2001.


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: February 26, 2003                  /s/ Larry Carr
                                         -----------------------------
                                         Larry Carr, President