U.S. Securities and Exchange Commission
          
                            Washington, DC 20549

                                 Form 10-QSB

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

               For the quarterly period ended September 30, 1997

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

                   For the transition period from ---- to ----

                       Commission File number 333-5862

                                Net Lnnx, Inc.
        (Exact name of small business issuer as specified in its charter)

Pennsylvania                                               23-1726390
(State of other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                           Identification No.)

                324 Datura St., Suite. 303, West Palm Beach, FL 33401
                 (Address of principal executive office and zip code)

                               (561) 659-1196 
                         (Issuer's telephone number)


(Former name, former address, and former fiscal year, if changed since last 
report)

     Check whether the Issuer (1) filed all reports required to be filed by 
Section 13 or 15 (d) of the Exchange Act of 1934 during the past 12 months (or 
for such shorter period that the registrant was required to file such 
reports), and (2) has been subject to such filing requirements for at least 
the past 90 days.   Yes _X_    No ___

                     APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares outstanding of each of the issuer's classes of 
common stock, as of the latest practicable date: At September 30, 1997, there 
were outstanding approximately 2,058,209 shares of common stock, no par value.

<PAGE>

     Transitional Small Business Disclosure Format (check one);
 Yes __    No _X__

                             NET LNNX, INC.

                            Form 10-QSB Index
                            September 30, 1997

                                                            Page
                                                                          
Part I: Financial Information ..............................

     Item 1. Financial Statements ..........................

          Balance Sheets Unaudited at September 30, 1997....
          Unaudited Statements of Operations for the
          Period ended September 30, 1997...................

          Unaudited Statements of Cash Flow for the
          Period Ended September 30, 1997...................

          Notes to Unaudited Financial Statements ..........

     Item 2. Management's Discussion and Analysis or Plan
          of Operation .....................................

Part II:   Other Information ...............................

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

     Item 2.    Changes in Securities ......................

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

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

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

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

Signatures .................................................

<PAGE>

                                   PART I
                           FINANCIAL INFORMATION


Item 1.  Financial Statements

<PAGE>

                                NET LNNX, INC.
                            CONDENSED BALANCE SHEET
                              September 30, 1997
                                 (Unaudited)


ASSETS
Current assets:
    Cash                                           $     20,433
    Prepaid expenses                                      1,550

       Total current assets                              21,983

Property and equipment (net)                              7,893
Investment                                               12,600
Note receivable - long term                             430,176

                                                   $    472,652

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable and accrued expenses            $     16,805

Deferred gain - installment sale                         41,469

Stockholders' equity:
  Common stock                                            1,000
  Additional paid-in capital                          1,096,335             
  Retained deficit                                     (682,957)

       Total stockholders' equity                       414,378

                                                   $    472,652


                           See Accompanying Notes

<PAGE>

                              NET LNNX, INC.
                   CONDENSED STATEMENT OF OPERATIONS
                               (Unaudited)
      

<TABLE>
<CAPTION>
                                                  For the Three Months
                                                   Ended September 30,
                                                 1997             1996   
<S>                                           <C>              <C>
Sales, net                                    $   -            $    -

Cost of sales                                     -                 -    

Gross profit (loss)                               -                 -

General and administrative expenses               58,318          631,471  

Loss from operations                             (58,318)       ( 631,471)

Other income (expense)
   Gain on non-monetary transactions              -               558,000
   Interest earned                                 7,724            -
   Earnings on subsidiary equity                  -                16,327
   Installment gain - sale of subsidiary           1,376            -
   Depreciation                                     (415)        (    540)

      Total other income (expense)                 8,685          573,787

Net loss from continuing operations          (    49,633)      (   57,684)

 Discontinued operations:
     Loss from operations of subsidiaries          -           (   53,547)

Net loss                                         (49,633)      (  111,231)

Retained earnings(deficit), beginning
  of period                                     (633,324)           1,164

Retained earnings(deficit), end of period    $  (682,957)     $(  110,067) 

Net loss per share                           $  (   0.02)     $(     0.09)

Weighted average shares outstanding            2,058,209        1,241,435

</TABLE>

                             See Accompanying Notes

<PAGE>

                                  NET LNNX, INC.
                        CONDENSED STATEMENTS OF CASH FLOW
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                     For the Three Months
                                                      Ended September 30,
                                                     1997            1996   
<S>                                               <C>             <C>
Cash flows from operating activities:
  Net income                                      $  ( 49,633)    $   
(111,231)
  Adjustments for non-cash items                          415         
(160,912)
  Changes in assets and liabilities                  (  2,827)         153,950

    Net cash provided (used) for operations          ( 52,045)        
(118,193)

Investments activities:
    Acquisition of property                             -              
(10,798)
    Investment                                       ( 12,600)           -
   Receipts from installment sale note                 14,276            -    

    Cash used for investment activities                 1,676          
(10,798)

Financing activities:
  Proceeds from sale of Preferred Stock                 -              170,000

    Net cash provided by financing activities           -              170,000

Net increase (decrease) in cash                      ( 50,369)          41,009

Cash, beginning of period                              70,802            2,164

Cash, end of period                             $      20,433      $    43,173
 
Supplemental disclosure:
  Cash paid for interest                        $       -          $     -     

  Income taxes paid                             $       -          $     -     

</TABLE>

                                   See Accompanying Notes

<PAGE>

                                   NET LNNX, INC.
                          NOTES TO FINANCIAL STATEMENTS


1.       Basis of Presentation

The accompanying unaudited financial statements of Net Lnnx, Inc. (the 
"Company") have been prepared in accordance with generally accepted accounting 
principles for interim financial information and with the instructions to Form 
10-Q.  In the opinion of management, all adjustments (consisting of normal 
recurring accruals) considered necessary for a fair presentation have been 
included.  Operating results for the three month period ended September 30, 
1997 are not necessarily indicative of the results that may be expected for 
the year ended December 31, 1997.


2.       Litigation

In its financial statements for the year ended December 31, 1996, the Company 
reported the pending sale of one of its subsidiaries, Communications/USA, Inc. 
("CUSA").  In January 1997, the Company completed the sale of CUSA.  
Consideration was cash and a promissory note (the "Note").  The gain on the 
sale is being reported on the installment method which amounted to $1,376 
during the third quarter of 1997.

As security for the Note, 1,250,000 shares of  CUSA were to be held in escrow 
by a law firm.  The escrow agreement stated that the shares, in addition to 
being held as security, were not to be encumbered nor transferred without 
written authorization from the Company.  Despite this agreement, the assets of 
CUSA were sold and the proceeds distributed to the shareholders of CUSA.  The 
Company has filed a lawsuit alleging, among other counts, a fraudulent 
transfer of the stock of CUSA by the buyer and that the buyer has removed 
and/or concealed its assets resulting in an inability of the buyer to continue 
to meet its obligations under terms of the Note. The Company is seeking (1) an 
injunction against the buyer & CUSA of further distribution of sums received 
from the sale of CUSA's assets, (2) costs, and (3) damages.  Litigation is in 
the discovery stage.  The outcome is unknown but management believes they will 
recover their investment.




<PAGE>

Item 2.  Management's Discussion and Analysis or Plan of
         Operation.

     (a)     Plan of Operation

     The registrant is presently a holding company conducting virtually no 
business operation, other than its efforts to seek merger partners or 
acquisition candidates. As disclosed in the registrant's press release dated 
November 11, 1997,  the registrant entered into a non-binding letter of intent 
for a reverse merger with R.F. Scientific, Inc., an Orlando, Florida based 
corporation ("RFS").  RFS is a satellite communications company which 
specializes in preparing and constructing satellite communications vehicles 
for a wide variety of commercial broadcasters, private networks and voice data 
users.  As of the date of this report, no definitive binding merger agreement 
has been entered into between the registrant and RFS, and since the letter of 
intent is non-binding, no assurances can be made that such a merger agreement 
will be entered into and that a merger will close.  

     The registrant receives a cash flow from a 7% note receivable (the "Note 
Receivable") made to the registrant.  The Note Receivable is a 7% interest 
promissory note in the amount of $475,000 with 5 monthly payments of $4,000 
per month, 7 monthly payments of $9,000 per month, 12 monthly payments of 
$12,000 per month, and a balloon payment of the balance due on March 1, 1999.  
As of September 30, 1997, the underlying value of the Note Payable is 
approximately $430,176.

     During June, 1997, the registrant instituted legal proceeding against the 
maker of the Note Receivable in connection with the purchase contract for 
which the Note Receivable was issued.  See Part II, Item 1 herein, "Legal 
Proceedings".  During the period covered by this report, the registrant has 
expended a significant amount of its cash reserves, in addition to a 
significant amount of the cash flow received by the registrant from the Note 
Receivable, on professional fees and costs in connection with this and other 
litigation matters in which the registrant has been a party to. No assurances 
can be made that the registrant, or its assigns, will continue to receive its 
monthly payments, or the balloon payment, on the Note Receivable when due in 
light of the circumstances which prompted the registrant to institute 
litigation proceedings against the Note Receivable maker.  As of September 30, 
1997, the registrant maintains cash reserves in the amount of approximately 
$20,433.

     Pursuant to an Agreement dated June 6, 1997 between the registrant and 
Harbor Town Holding Group I, Inc. ("Harbor Town"), a former wholly owned 
subsidiary of the registrant, upon the termination of the abovementioned 
litigation, the Note Receivable was to be transferred from  the registrant  to 
Harbor Town.  The Note Receivable constituted the consideration paid by the 
registrant for Harbor Town's stock. The transfer contemplated by the June 6, 
1997 agreement described above was cancelled pursuant to an agreement dated 
November 6, 1997 between the registrant and Harbor Town.  Consequently, the 
registrant shall continue to hold Note Receivable and receive the cash flow 
therefrom. See Part II, Item 5 herein, "Other Information".  Notwithstanding 
the abovementioned litigation, or any other litigation, until such time as the 
registrant closes a merger or acquisition transaction, with the exception of 
professional fees and costs for such a transaction,  the registrant expects 
that it will incur only minor operating costs in 1997.  

<PAGE>

     
     The registrant has been operated by new management since January 1997.  
To the best of such new management's knowledge, the registrant's past 
liabilities have been paid to the satisfaction of all creditors, with the 
exception of one creditor which has brought suit against the registrant in the 
approximate amount of $25,645 as of the date of this report. See Part II, Item 
1 herein, "Legal Proceedings".   In the event this creditor is successful in 
such action against the registrant, depending upon the costs involved and the 
monetary damage awards obtained against the registrant, the registrant might 
have difficulty meeting its cash requirements.  Also, although the 
registrant's management has conducted what they consider a thorough 
investigation of all potential liabilities of the registrant, management may 
not be aware of all the registrant's outstanding liabilities; therefore, in 
the event present, material, unknown liabilities exist, the registrant might 
have difficulties meeting its cash flow requirements in the event it is 
required to pay such liabilities.

<PAGE>

                                  PART II

                            OTHER INFORMATION


Item 1.  Legal Proceedings

     CommGroup, Inc. Litigation

     On April 15, 1997, CommGroup, Inc. d/b/a Communications Group, a Florida 
corporation ("CommGroup"), filed suit against the registrant in the Circuit 
Court of the Fifteenth Judicial Circuit, Palm Beach County, Florida.

     CommGroup is a company which provides marketing support and public 
relations services ("Services"). CommGroup alleges that it performed Services 
for the registrant valued at approximately $25,645 pursuant to an oral 
contract between the registrant and CommGroup.  CommGroup brought this suit 
for breach of contract, account stated and quantum meruit relief against the 
registrant.  As of the date hereof, the lawsuit is in the "discovery stage". 

     Palm Capital, Inc. et. al Litigation

     Previous to June, 1997, questionable circumstances arose with respect to 
the Note Payable, Communications/USA, Inc., Palm Capital, Inc. and the 
viability of continued payment on the Note Payable and the possibility of its 
default, either in whole or in part. Based on this, the registrant considered 
it likely that the value of the Note Payable was in jeopardy and that certain 
action, including litigation, would be required and appropriate in order to 
salvage the greatest amount of value for the Note Payable. As of September 30, 
1997, the underlying value of the Note Payable is approximately $430,176. On 
June 27, 1997, a representative of Palm Capital, Inc. and Communications\USA, 
Inc. offered to pay Net Lnnx a lump sum payment of $213,256 as payment in full 
on the Note Payable in exchange for a release from liability for any 
additional payments under the Note Payable.  The registrant  rejected the 
offer as payment in full for the Note Payable. 

     On June 27, 1997, the registrant, filed suit against Palm Capital, Inc., 
a Florida corporation ("Palm"), Communications/USA, Inc., a Florida 
corporation ("Comm/USA"), Robert Feiman, an individual ("Feiman") Raul 
Balsera, an individual ("Balsera") and Gibbs and Runyan, P.A , a Florida 
professional corporation ("Gibbs") in the Circuit Court of the Fifteenth 
Judicial Circuit, Palm Beach County, Florida in connection with the purchase 
contract for which the Note Receivable was issued.

     The registrant commenced suit against the abovenamed defendants 
collectively and/or individually alleging/seeking Fraudulent Transfer; Fraud 
In The Inducement; Injunctive Relief (pursuant to Florida's Fraudulent 
Conveyance Statute and common law); Fraud In the Purchase Of Securities; 
Breach of Contract; and Breach of Fiduciary Duty.  Upon a motion to dismiss 
all counts brought by the defendants, the court denied the motion as to all 
counts except for the common law injunctive relief sought.  The court, 
however, sustained and refused to dismiss the registrant's claim for 
injunctive relief based upon Florida's 

<PAGE>

Fraudulent Conveyance Statute.  At a preliminary hearing, the court did not 
grant the preliminary injunctive relief the registrant sought; however, the 
lawsuit is continuing forward and is presently in the "discovery stage". A 
jury trial has been requested. The registrant is seeking compensatory damages 
and punitive damages, in addition to any and all other relief the court may 
grant.

Item 2.  Change in Securities

     Not Applicable
        
Item 3.  Defaults Upon Senior Securities

     Not Applicable

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

     Not Applicable
         
Item 5.  Other Information
     
     On June 5, 1997, the registrant agreed to assign the Note Payable  to 
Harbor Town.  See Part I, Item 2 herein "Management's Discussion and Analysis 
or Plan of Operation".  The assignment was made for the payment of the 
transfer to registrant by Harbor Town of Two Million Fifty Eight Thousand Two 
Hundred and Nine (2,058,209) shares of Harbor Town's capital stock, which on 
May 23, 1997, pursuant to a shareholder and director's meeting, the registrant 
was authorized to issue such Harbor Town stock to record shareholders of Net 
Lnnx.

     Previous to June, 1997, questionable circumstances arose with respect to 
the Note Payable, Comm/USA, Palm, and the viability of continued payment on 
the Note Payable or the possibility of its default, either in whole or in 
part. See Part II, Item 1 herein, "Legal Proceedings".  Based on this, both 
the registrant and Harbor Town considered it likely that the value of the Note 
Payable was in jeopardy and that certain action, including litigation, would 
be required and appropriate in order to salvage the greatest amount of value 
for the Note Payable.

     On June 6, 1997, the registrant and Harbor Town agreed that in exchange 
for the registrant utilizing its resources to collect the greatest amount of 
value for the Note Payable, Harbor Town will suspend, and shall not effectuate 
the assignment of the Note Payable to Harbor Town until such date that the 
registrant can collect the greatest amount of value for the Note Payable, with 
such value to be determined by the registrant. The registrant shall continue 
to have full right of ownership in all Two Million Fifty Eight Thousand Two 
Hundred and Nine (2,058,209) shares of Harbor Town's capital stock, which now 
belongs to the registrant's shareholders of record date.  As of the date of 
this report, the registrant and the opposing parties to this litigation are in 
the discovery process of the lawsuit.

<PAGE>

     On November 6, 1997, Harbor Town entered into a subscription agreement 
with an investor which required Harbor Town to cancel entirely the above 
described transfer of the Note Receivable. On November 6, 1997, the transfer 
of the Note Receivable was cancelled in its entirety.  The registrant 
continues to maintain full ownership of the Note Receivable and all principal 
and interest payments received from the Note Receivable. 

     The June 5, 1997 assignment of the Note Receivable served as 
consideration for the 2,058,209 shares of Harbor's capital stock issued to the 
registrant.  As substitute consideration therefore, the registrant canceled a 
$12,600 promissory note dated June 2, 1997 made by Harbor to the registrant so 
that Harbor shall have no obligation whatsoever to pay to Harbor either the 
$12,600 principal sum of the promissory note or the interest accumulated 
thereon. 

Item 6.  Exhibits and Reports on Form 8-K

     (a)     Financial Data Schedule
     (b)     No reports on Form 8-K were filed during the quarter ended 
September 30, 1997.


                                 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.

          NET LNNX, INC.
          Registrant

          /s/ Ronald W. Hayes, Jr.
          Ronald W. Hayes, Jr.
          President.

          /s/ Ronald W. Hayes, Jr.
          Ronald W. Hayes, Jr.
          President.

          /s/William R. Colucci
          William R. Colucci,
          Vice President and
          Secretary

          Date: November 12, 1997