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               QUARTERLY REPORT FOR SMALL BUSINESS ISSUERS SUBJECT
                     TO THE 1934 ACT REPORTING REQUIREMENTS

                                   FORM 10-QSB

                     U.S. SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                                   (Mark One)

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

                  For the quarterly period ended June 30, 2002

               [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

           For the transition period from ___________ to ___________.

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                       Commission File Number: 333-75791


                         PATRIOT MOTORCYCLE CORPORATION
       (Exact name of small business issuer as specified in its charter)

                        Nevada                       13-3961109
           (State of other jurisdiction of        (I.R.S. Employer
            incorporation or organization)      Identification Number)

                 245 Citation Circle, Corona, California, 92880
                    (address of principal executive offices)

================================================================================


    Check  whether  the issuer (1) filed all reports required  to  be  filed  by
Section  13 or 15(d) of the Exchange act 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 the past 90 days.

   Yes [X]  No [ ]

   The number of shares outstanding of each of the issuer's  classes  of  common
equity, as of June 30, 2002, was:

               Title                 Shares Outstanding as of September 18, 2002
   -----------------------------     -------------------------------------------
   Common Stock, par value $.001                      4,893,425


PART I - FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS


    Patriot  Motorcycle  Corporation ("we", or "Patriot")  represents  that  the
Consolidated Financial Statements provided in this report (attached as pages F-1
through F-7) have been prepared in accordance with generally accepted accounting
principles  applied  on  a  basis consistent with  prior  years,  and  that  the
Consolidated Financial Statements reflect, in the opinion of our management, all
adjustments  (which  include  only normal recurring  adjustments)  necessary  to
present  fairly the consolidated financial position of Patriot as  of  June  30,
2002,  and the results of our operations and our cash flows for the three months
then ended.





                         PATRIOT MOTORCYCLE CORPORATION
                                 AND SUBSIDIARY
                        CONSOLIDATED FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2002




                                    CONTENTS


PAGE   F-2         CONSOLIDATED BALANCE SHEETS AS OF JUNE 30,  2002
                   (UNAUDITED) AND SEPTEMBER 30, 2001

PAGE   F-3         CONSOLIDATED  STATEMENTS OF OPERATIONS  FOR  THE
                   THREE  AND NINE MONTHS ENDED JUNE 30,  2002  AND
                   2001 (UNAUDITED)

PAGE   F-4         CONSOLIDATED  STATEMENTS OF CASH FLOWS  FOR  THE
                   NINE   MONTHS  ENDED  JUNE  30,  2002  AND  2001
                   (UNAUDITED)

PAGES  F-5 - F-7   CONSOLIDATED  NOTES TO FINANCIAL  STATEMENTS  AS
                   OF JUNE 30, 2002 (UNAUDITED)


<PAGE>F-2

                 PATRIOT MOTORCYCLE CORPORATION AND SUBSIDIARY
                          CONSOLIDATED BALANCE SHEETS


                                     ASSETS
<table>
<caption>

                                                      <c>                <c>

                                                      JUNE 30, 2002     SEPTEMBER 30,
                                                        (UNAUDITED)             2001
CURRENT ASSETS
CASH                                                            617               35
INVENTORY - CURRENT PORTION                                  31,625          491,196
ACCOUNTS RECEIVABLE                                           3,897            8,722
PREPAID EXPENSES                                              6,078                -
                                                           --------         --------
TOTAL CURRENT ASSETS                                         42,217          499,953
                                                           --------         --------

PROPERTY AND EQUIPMENT - NET                                 30,617           44,077
                                                           --------         --------
OTHER ASSETS
INVENTORY - NON-CURRENT                                     292,768          303,344
LOANS RECEIVABLE - STOCKHOLDER                              142,679           64,553
DEPOSITS                                                      2,500            2,500
                                                           --------         --------
TOTAL OTHER ASSETS                                          437,947          370,397
                                                           --------         --------
TOTAL ASSETS                                            $   510,781     $    914,427
                                                           ========         ========
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
CASH OVERDRAFT                                                1,658            6,650
ACCOUNTS PAYABLE AND ACCRUED EXPENSES                       271,989          235,381
ACCRUED PAYROLL AND PAYROLL TAXES                            56,310           38,626
NOTE PAYABLE                                                 45,000                -
                                                           ---------        ----------
TOTAL CURRENT LIABILITIES                                   374,957          280,657
                                                           =========        ==========
STOCKHOLDERS' EQUITY
PREFERRED STOCK $.001 PAR VALUE, 5,000,000
 SHARES AUTHORIZED, SERIES A CONVERTIBLE -
 $2.30 STATED VALUE 400,000 SHARES AUTHORIZED,
 216,067 SHARES ISSUED AND OUTSTANDING                          216              216
COMMON STOCK, $.001 PAR VALUE, 50,000,000
 SHARES AUTHORIZED, 4,893,425 AND 4,743,425
 SHARES ISSUED AND OUTSTANDING, RESPECTIVELY                  4,893            4,743
ADDITIONAL PAID IN CAPITAL                                2,123,271        2,046,921
ACCUMULATED DEFICIT                                      (1,992,556)      (1,418,110)
                                                          ---------        ---------
TOTAL STOCKHOLDERS' EQUITY                                  135,824          633,770
                                                          ---------        ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY              $   510,781     $    914,427
                                                          =========        =========

See accompanying notes to condensed consolidated financial statements.

</table>

<PAGE>F-3

                 PATRIOT MOTORCYCLE CORPORATION AND SUBSIDIARY
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (UNAUDITED)

<table>
<caption>

                                      <c>                  <c>                   <c>               <c>

                                        FOR THE              FOR THE             FOR THE            FOR THE
                                      THREE MONTHS         THREE MONTHS        NINE MONTHS        NINE MONTHS
                                       ENDED JUNE           ENDED JUNE          ENDED JUNE         ENDED JUNE
                                        30, 2002             30, 2001            30, 2002           30, 2001
                                     -----------            -----------         -----------        -----------


SALES                                    127,713                48,984             534,278            286,958

COST OF SALES                            248,387               292,228             571,343            388,576
                                     -----------           -----------         -----------        -----------
GROSS LOSS                              (120,674)             (243,244)            (37,065)          (101,618)
                                     -----------           -----------         -----------        -----------
OPERATING EXPENSES
 SELLING AND MARKETING                    22,150                13,180              38,415             13,515
 LEGAL AND PROFESSIONAL                   32,322                24,345             150,221             55,243
 RESEARCH AND DEVELOPMENT                      -                   550              33,143                550
 OTHER GENERAL AND ADMINISTRATIVE        130,167                43,183             305,950            105,813
 IMPAIRMENT OF ASSETS                          -                     -                   -             15,342
                                     -----------           -----------         -----------        -----------
  TOTAL EXPENSES                         184,639                81,258             527,729            190,463
                                     -----------           -----------         -----------        -----------

LOSS FROM OPERATIONS                    (305,313)             (354,502)           (564,794)          (292,081)
                                     -----------           -----------         -----------        -----------

OTHER INCOME (EXPENSE)
 LOSS ON DISPOSAL OF FIXED ASSET          (8,752)                    -              (8,752)                 -
 INTEREST INCOME                               -                     -                 100                  -
 INTEREST EXPENSE                         (1,000)                    -              (1,000)                 -
                                     -----------           -----------         -----------        -----------
TOTAL OTHER INCOME (EXPENSE)              (9,752)                    -              (9,652)                 -
                                     -----------           -----------         -----------        -----------

NET LOSS                                (315,065)        $    (324,502)      $    (574,446)     $    (292,081)
                                     ===========           ===========         ===========        ===========

LOSS PER SHARE
 NET INCOME (LOSS)                      (315,065)             (324,502)           (574,446)          (292,081)
 PREFERRED STOCK DIVIDENDS               (12,526)                    -             (37,578)                 -
                                     -----------           -----------         -----------        -----------

NET LOSS AVAILABLE TO COMMON
SHAREHOLDERS                            (327,591)        $    (324,502)      $    (612,024)     $    (292,081)
                                     ===========           ===========         ===========        ===========

NET LOSS PER COMMON SHARE -
BASIC AND DILUTED                          (0.07)        $       (0.08)      $       (0.13)     $       (0.07)
                                     ===========           ===========         ===========        ===========

WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING -
BASIC AND DILUTED                      4,893,425             4,000,000           4,850,568          4,000,000
                                     ===========           ===========         ===========        ===========

See accompanying notes to condensed consolidated financial statements.

</table>

<PAGE>F-4

                 PATRIOT MOTORCYCLE CORPORATION AND SUBSIDIARY
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (UNAUDITED)

<table>
<caption>

                                                             <c>                <c>

                                                             FOR THE NINE       FOR THE NINE
                                                             MONTHS ENDED       MONTHS ENDED
                                                             JUNE 30, 2002      JUNE 30, 2001
                                                             -------------      -------------
CASH FLOWS FROM OPERATING ACTIVITIES:
NET LOSS                                                      $ (574,446)        $ (292,081)
ADJUSTMENTS TO RECONCILE NET LOSS TO NET
 CASH USED IN OPERATING ACTIVITIES:
  DEPRECIATION                                                     6,708             17,710
  STOCK ISSUED FOR SERVICES                                       76,500            (50,000)
  LOSS ON DISPOSAL OF FIXED ASSETS                                 8,752                  -
CHANGES IN OPERATING ASSETS AND LIABILITIES:
  (INCREASE) DECREASE IN ACCOUNTS RECEIVABLE                       4,825             (5,742)
  (INCREASE) DECREASE IN INVENTORY                               470,147           (332,903)
  DECREASE IN OTHER ASSETS                                             -              2,546
  INCREASE IN PREPAID                                             (6,078)           (20,000)
  INCREASE (DECREASE) IN CASH OVERDRAFT                           (4,992)            68,512
  INCREASE (DECREASE) IN ACCRUED PAYROLL AND PAYROLL TAXES        17,684             (4,086)
  INCREASE IN ACCOUNTS PAYABLE                                    36,608             11,826
                                                                --------          ---------
    NET CASH USED IN OPERATING ACTIVITIES                        (35,708)          (604,218)
                                                                --------          ---------
CASH FLOWS FROM INVESTING ACTIVITIES
  PURCHASE OF PROPERTY AND EQUIPMENT                              (2,000)                 -
  ADVANCES TO SUBSIDIARY                                               -          1,000,000
  CERTIFICATE OF DEPOSIT                                               -              7,500
                                                                --------          ---------
    NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES           (2,000)         1,007,500
                                                                --------          ---------
  CASH FLOWS FROM FINANCING ACTIVITIES:
  REPAYMENTS TO STOCKHOLDER                                      (78,126)          (402,638)
  REPAYMENT OF NOTE PAYABLE                                       (5,000)                 -
  PROCEEDS FROM NOTE PAYABLE                                      50,000                  -
                                                                --------          ---------
    NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES           33,126           (402,638)
                                                                --------          ---------
INCREASE IN CASH AND CASH EQUIVALENTS                                582                644

CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD                       35                600
                                                                --------          ---------
CASH AND CASH EQUIVALENTS - END OF PERIOD                            617              1,244
                                                                ========          =========

See accompanying notes to condensed consolidated financial statements.

</table>

<PAGE>F-5

                 PATRIOT MOTORCYCLE CORPORATION AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (UNAUDITED)


NOTE 1  BASIS OF PRESENTATION

THE ACCOMPANYING UNAUDITED FINANCIAL STATEMENTS HAVE BEEN PREPARED IN ACCORDANCE
WITH  ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES  OF  AMERICA
AND  THE  RULES  AND REGULATIONS OF THE SECURITIES AND EXCHANGE  COMMISSION  FOR
INTERIM  FINANCIAL  INFORMATION.  ACCORDINGLY,  THEY  DO  NOT  INCLUDE  ALL  THE
INFORMATION NECESSARY FOR A COMPREHENSIVE PRESENTATION OF FINANCIAL POSITION AND
RESULTS OF OPERATIONS.

IT IS MANAGEMENT'S OPINION, HOWEVER THAT ALL MATERIAL ADJUSTMENTS (CONSISTING OF
NORMAL  RECURRING  ADJUSTMENTS) HAVE BEEN MADE WHICH ARE NECESSARY  FOR  A  FAIR
FINANCIAL STATEMENTS PRESENTATION.  THE RESULTS FOR THE INTERIM PERIOD  ARE  NOT
NECESSARILY INDICATIVE OF THE RESULTS TO BE EXPECTED FOR THE YEAR.

FOR FURTHER INFORMATION, REFER TO THE FINANCIAL STATEMENTS AND FOOTNOTES FOR THE
YEAR ENDED SEPTEMBER 30, 2001 INCLUDED IN THE COMPANY'S FORM 10-KSB.

NOTE 2  PRINCIPLES OF CONSOLIDATION

THE  ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF  THE
COMPANY AND ITS WHOLLY OWNED SUBSIDIARY PATRIOT MANUFACTURING CORPORATION.   ALL
SIGNIFICANT  INTER-COMPANY TRANSACTIONS AND BALANCES  HAVE  BEEN  ELIMINATED  IN
CONSOLIDATION.

NOTE 3  INVENTORIES

INVENTORIES AT JUNE 30, 2002 CONSIST OF THE FOLLOWING:

                                   2002
                                 -------
PURCHASED PARTS             $    258,758
MOTORCYCLES IN PROGRESS           34,010
COMPLETED MOTORCYCLES             31,625
                                 =======
                                 324,393

THE COMPANY'S PARTS INVENTORY CONSISTS OF A WIDE VARIETY OF PRODUCTS USED IN THE
PRODUCTION  OF  NEW MOTORCYCLES.  THE COMPANY'S PARTS AND IN PROGRESS  INVENTORY
HAS  BEEN  CLASSIFIED AS NON-CURRENT DUE TO THE LAYOFF OF MOST OF ITS PRODUCTION
EMPLOYEES DURING THE FIRST FISCAL QUARTER.  DURING AUGUST 2002, THE COMPANY SOLD
VARIOUS  PURCHASED PARTS AT BELOW COST TO RAISE OPERATING CAPITAL, AS A  RESULT,
THE  COMPANY  ADJUSTED  ITS  INVENTORIES TO THE  NET  REALIZABLE  VALUE  OF  THE
INVENTORY SOLD.

<PAGE>F-6

NOTE 4  NOTE PAYABLE

DURING  THE  THREE MONTHS ENDED JUNE 30, 2002, THE COMPANY ENTERED INTO  A  NOTE
PAYABLE OF $50,000 WITH AN UNRELATED PARTY, SECURED BY THE PERSONAL GUARANTEE OF
THE  COMPANY'S PRESIDENT AND CEO, BEARING INTEREST AT 12%, WITH MONTHLY PAYMENTS
OF $5,000 THROUGH FEBRUARY 15, 2003.  THE NOTE IS CURRENTLY IN DEFAULT.

NOTE 5  COMMITMENT AND CONTINGENCIES

THE  COMPANY,  IN  ITS  FIDUCIARY  CAPACITY AS  AN  EMPLOYER,  HAS  THE  PRIMARY
RESPONSIBILITY  FOR  DEDUCTING  AND REMITTING BOTH  THE  EMPLOYER  AND  EMPLOYEE
PORTIONS  OF  PAYROLL  RELATED TAXES TO THE APPROPRIATE  GOVERNMENTAL  AGENCIES.
DURING  THE  NINE  MONTHS  ENDED JUNE 30, 2002, THE COMPANY  PAID  APPROXIMATELY
$123,500  IN  COMPENSATION TO EMPLOYEES UPON WHICH TAXES WERE WITHHELD  BUT  NOT
REMITTED TO THE APPROPRIATE GOVERNMENTAL AUTHORITIES.  NO ACCRUAL HAS BEEN  MADE
FOR INTEREST AND PENALTIES AS OF JUNE 30, 2002.

NOTE 6  COMMON STOCK ISSUANCES

DURING  THE  NINE MONTHS ENDED JUNE 30, 2002, THE COMPANY RECOGNIZED $61,200  OF
DEFERRED  CONSULTING EXPENSES AND $15,300 OF PROFESSIONAL FEES WHICH REPRESENTED
THE FAIR VALUE OF 150,000 SHARES ISSUED FOR SUCH SERVICES.

NOTE 7  GOING CONCERN

IN  OUR  AUDITED  FINANCIAL  STATEMENTS DATED AS  OF  SEPTEMBER  30,  2001,  OUR
INDEPENDENT   AUDITORS,  WEINBERG  &  CO.,  C.P.A.,  ISSUED  A   GOING   CONCERN
QUALIFICATION  IN  ITS  INDEPENDENT  AUDITOR'S  REPORT AND IN  FOOTNOTE   9   TO
OUR  FINANCIAL STATEMENTS, BOTH OF WHICH WERE FILED AS PART OF OUR ANNUAL REPORT
ON  FORM  10-KSB FOR  FISCAL YEAR 2001.  DURING THE NINE MONTHS ENDED  JUNE  30,
2002,  AS  SHOWN   IN  THE ACCOMPANYING CONSOLIDATED FINANCIAL  STATEMENTS,  THE
COMPANY  INCURRED A  NET LOSS  OF $574,446   FROM OPERATIONS, IS  CURRENTLY  NOT
MANUFACTURING  MOTORCYCLES AND HAS A WORKING  CAPITAL  DEFICIENCY  OF  $332,740.
THESE FACTORS INDICATE TO MANAGEMENT THAT THE  CONCERNS EXPRESSED IN FOOTNOTE  9
AND  IN  THE  INDEPENDENT AUDITOR'S REPORT DESCRIBED  ABOVE HAVE   NOT   CHANGED
MATERIALLY  SINCE THE DATE OF  THAT  REPORT,  AND THAT  THE CONTINUED  VIABILITY
OF   THE  COMPANY IS STILL IN  QUESTION  UNLESS  ADDITIONAL WORKING CAPITAL  CAN
BE OBTAINED BY THE COMPANY.

The  Company  has  continued  its  product design  and  development  efforts  to
introduce  new  products  during  2002.   Management  further  seeks  to  obtain
additional   capitalization   to  fund  the  Company's   operating   activities.
Management  believes that the actions presently being taken to obtain additional
funding, including working capital, will provide the opportunity for the Company
to continue as a going concern if they can be successfully completed.

NOTE 8  SUBSEQUENT EVENTS

DURING  AUGUST  2002,  THE COMPANY ENTERED INTO A LETTER OF  INTENT  TO  ACQUIRE
TORQUE ENGINEERING.  AS OF THE DATE OF THIS REPORT, THE ACQUISITION HAS NOT BEEN
FINALIZED.


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

CAUTIONARY   STATEMENT   REGARDING  "FORWARD  LOOKING  STATEMENTS".   Statements
contained  in  this  quarterly report that are not  based  on  historical  fact,
including  without limitation statements containing the words "believe",  "may",
"will",  "estimate",  "continue", "anticipate", "intend", "expect"  and  similar
words, constitute "forward-looking statements". These forward-looking statements
involve known and unknown risks, uncertainties and other factors that may  cause
the  actual results, events or developments to be materially different from  any
future  results,  events or developments expressed or implied by  such  forward-
looking  statements. These factors include, among others, the following: general
economic and business conditions, both nationally and in the regions in which we
operate;  technology changes; the competition we face; changes in  our  business
strategy  or  development  plans; our ability to attract  and  retain  qualified
personnel;  existing governmental regulations and changes in, or our failure  to
comply  with,  governmental  regulations; liability and  other  claims  asserted
against  us;  it's our ability or the ability of our third- party  suppliers  to
take  corrective  action in a timely manner with respect to changing  government
regulations; and other factors referenced in our filings with the Securities and
Exchange Commission (the "SEC").

GIVEN THESE UNCERTAINTIES, READERS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE  ON
FORWARD-LOOKING  STATEMENTS. Other than as required  by  law,  we  disclaim  any
obligation  to update information concerning the factors mentioned above  or  to
publicly  announce  the  result of any revisions to any of  the  forward-looking
statements contained herein to reflect future results, events or developments.

PLAN OF OPERATION

We  are  an  integrated  hybrid motorcycle assembler that specializes  in  using
unique  design and manufacturing processes for the large displacement and  heavy
weight  line of Rigid, Rubber Mount and Softail motorcycles, with nine different
styles.

Our focus in the quarterly period ended June 30, 2002 has been to seek necessary
working  capital, continuing to implement our marketing plan and  continuing  to
refine  and develop our product lines that we designed last year. Our  marketing
plan  focuses  on  dealers  and the retail market, through  comprehensive  print
advertising, participation in trade shows and other direct marketing efforts. We
currently employ five full-time employees and no part-time employees, but as our
new  marketing plan takes effect (and subject to our ability to raise sufficient
capital),  we  anticipate  that  we will hire additional  sales  and  production
assembly personnel.

We  have  been  preparing our products for environmental testing  procedures  to
ensure  that our products are certified as complying with California's emissions
testing,  braking certification and noise pollution standards. Until we  receive
this  certification, we will be unable to sell our products within the State  of
California,  which  represents  a  very  large  market  of  motorcycle   buyers.
Management has done all of the preparatory work for such testing which it can do
to  this point and, subject to the receipt of sufficient capital to pay for  the
actual testing (which runs approximately $30,000 per model to be tested), we are
prepared to undertake such testing.  From the date that we are able to undertake
and  pay  for  such testing, our management estimates that it will  take  up  to
ninety  (90) days to complete each model (which, depending upon the availability
of capital, could occur simultaneously for all of our models or, serially).

During  the  three-month period ending June 30, 2002, and for the entire  period
subsequent thereto through the date of this filing, management has been  engaged
in  the  attempt  to  raise working capital in amounts sufficient  to  meet  our
current and projected requirements.  To date, we have been unable to obtain  the
capital   we   need  to  fully-implement  our  business  and  marketing   plans.
Management's  attempts  to secure equity investment under acceptable  conditions
have  not  been successfully, due primarily to investor wariness concerning  the
state  of the economy generally, which has been especially hard-felt by  "micro-
cap"  companies  in particular.  Our inability to show a more  robust  financial
statement,  as  well  as  lack of capital to commit  to  fundraising  and  other
activities,  has also hurt our ability to attract favorable debt financing.   In
particular, the floor-planning financing arrangements which management  believed
were  in  place  with  Bombardier Capital, and which were  discussed  in  public
announcements in November 2001,have yet to materialize through the date of  this
filing,  and  there can be no assurance that such arrangements  with  Bombardier
Capital  (or any financial company) will close on terms favorable to us  at  any
time  in the near future.  If we are not able to raise additional capital within
this fiscal year, we may not be able to continue operations.

As  a  result of our severe lack of operating capital, we withheld, but did  not
remit  to the appropriate taxing authorities, the payroll-related taxes  due  on
$123,500 of wages paid during the nine-month period ended June 30, 2002, and  we
have  not  reserved  for  (nor, in the case of interest and  penalties  thereon,
accrued)  any  amounts to be paid in respect of such tax obligations,  including
any  penalties, interest or other assessments against Patriot for failure to pay
its employment taxes and/or file the required tax forms when due. Certain of our
officers  and  directors could be held personally liable for a  portion  of  the
employment  taxes not timely paid, if we are unable to settle  with  the  taxing
authorities  on such amounts.  We are also subject to penalties for  failure  to
file  all  required  reports with the applicable taxing authorities  within  the
prescribed  time period.  Since June 30, 2002, we have failed to timely  pay  to
the   taxing   authorities  or  otherwise  reserve  an  additional   amount   of
approximately $16,240.76, against $53,655.32 in gross wages payable.

On  May  6,  2002,  we  entered  into a Loan  Agreement  (the  "Note")  with  an
unaffiliated individual residing in California pursuant to which we borrowed the
sum  of $50,000, specifically to be used for the purpose of funding the purchase
of  goods and services directly related to our manufacturing needs.  The Note is
payable in eight equal installments of $5,000 each, beginning June 17th 2002 and
ending  January  15,  2003, and the remaining $10,000 of principal  due  to  the
lender was credited against the purchase price of a motorcycle purchased by  the
lender.   The  Note  does  not accrue interest as  long  as  it  is  being  paid
currently,  however  the Note calls for a 12% interest charge  if  the  Note  is
defaulted  upon,  and  a  15%  charge if an  attorney  is  required  to  enforce
collection under the Note.  To date, we have not been able to make all  payments
of  principal when due, however the lender has  not yet taken action to  enforce
the  Note,  although such action could be taken by him  at any  time  under  the
terms  of  the Note and the company is currently unable to make payment  of  the
principal balance of the Note should he choose to do so.


RESULTS OF OPERATIONS

For the three months ended June 30, 2002, we had sales of $127,713, compared  to
$48,984  for the three months ended June 30, 2001. This amount, approximately  a
161% increase, is primarily attributable to sales of both manufactured bikes and
parts  in the ordinary course of business, while approximately 14% of our  sales
revenue during this period came from the liquidation of obsolete inventory.

While  our sales revenue increased during the three month period ended June  30,
2002,  our cost of sales, decreased by approximately 15%, from $292,228 for  the
three  months ended June 30, 2001, to $248,387 for the three months  ended  June
30, 2002. The primary reason for this decrease is that a substantial portion  of
our  total sales during this quarter was of individual parts, rather than entire
motorcycles, and our costs of sales for parts is significantly less than  it  is
for  complete  motorcycles. Our cost of operations was $184,639  for  the  three
months  ended June 30, 2002, which represents an increase of approximately  127%
from our cost of operations of $81,258 for the three months ended June 30, 2001.
Of  this amount, approximately 77% represented general and administrative costs,
primarily  attributable  to  the  expenses we  incurred  in  preparing  for  and
attending two trade shows in April 2002 (the Arizona Bike Fest, Scottsdale,  AZ,
and  the  Laughlin  River  Run, Laughlin, NV), as  well  as  costs  incurred  in
furthering  our efforts in creating and implementing our business and  marketing
plans.  We  also  continue to incur increased legal and  professional  costs  in
complying with our reporting company requirements, as well as increased research
and  development costs. Our loss from operations for the three months ended June
30,  2002  equaled ($356,776), or ($0.08) per common share (basic and  diluted),
compared to ($305,313), or ($0.07) per common share (basic and diluted), for the
three  months ended June 30, 2001. For the nine months ended June 30, 2002,  our
loss  from operations equaled $616,257), or ($0.14) per common share (basic  and
diluted),  compared  to  ($574,446), or ($0.13)  per  common  share  (basic  and
diluted) for that same period in 2001.

SUBSEQUENT EVENTS

In  addition  to  the other matters discussed in this Report pertaining  to  the
three-months  ended June 30, 2002, subsequent to such period we entered  into  a
Letter  of  Intent  to  acquire all of the capital stock  or  assets  of  Torque
Engineering Corporation, of Elkhart, Indiana, in exchange for stock  of  Patriot
Motorcycles,  subject  to  Patriot being able to secure  funding  in  an  amount
sufficient to support the ongoing business and operations of Torque as currently
being  conducted.  The Letter of Intent was signed on August 2,  2002,  is  non-
binding, and left many material terms about the transaction to be addressed in a
definitive agreement following the completion of the parties' due diligence  and
negotiations.   Since the date of this Letter of Intent, Torque  has  filed  for
protection  under the federal bankruptcy laws.  Notwithstanding  that  fact,  we
continue to believe that the addition of Torque to our business plan would be  a
positive  step, and the parties are continuing to discuss how an acquisition  or
merger  along the lines contemplated in the Letter of Intent might be  effected.
Any  proposed transaction, in addition to the normal authorizations of the Board
of  Directors  and shareholders of the respective companies, would  require  the
consent  of the applicable Bankruptcy Court before it could be consummated.   We
intend  to  spend  some portion of any funds which we are able to  raise  toward
finalizing and effectuating this prospective acquisition from bankruptcy.


PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

We are not involved in any material pending legal proceedings.

ITEM 2.  CHANGES IN SECURITIES

None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5.  OTHER INFORMATION

We  are  listed  with  the Over-The-Counter Electronic  Bulletin  Board  by  the
National association of Securities Dealers ("NASD"). The most recent application
to  have  our securities traded was approved by the NASD on March 13, 2002,  and
trading  commenced thereafter. Due to our failure to file this Quarterly  Report
on Form 10QSB on the date it was due to be filed with the SEC, which failure was
due  to  our  lack  of sufficient capital at the time to have  our  professional
advisors  prepare the necessary documentation, we received an "e"  next  to  our
symbol  on  the Bulletin Board, indicating that we had thirty days in  which  to
file the delinquent report or we would be delisted from the Bulletin Board.  The
date on which we are scheduled to be delisted is the end of day on September 23,
2002,  but  our filing of this Form 10QSB prior to that time will permit  us  to
have  the  "e"  removed from our symbol and to remain trading  on  the  Bulletin
Board.  In the event we fail to keep our periodic reports timely filed with  the
SEC  as  required by the Securities Exchange Act of 1934, we may  be  unable  to
continue trading on the Bulletin Board or to maintain an effective market in our
securities.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

None.

SIGNATURES

In accordance with Section 13 or 15(d)  of  the  Exchange  act,  the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

(Registrant)

PATRIOT MOTORCYCLE CORPORATION

By: /s/ Michel Attias
        -------------
        Michel Attias
        CEO, President, Principal Financial Officer, Controller and Director


By: /s/ Alex Mardikian
        --------------
        Alex Mardikian
        Vice-President, Director


By: /s/ Sherry Durst
        -------------
        Sherry Durst
        Director

Date:   September 22, 2002


In  accordance  with  the  Exchange act, this report  has  been  signed  by  the
following  persons  on behalf of the Registrant, in the capacities  and  on  the
dates indicated.


Signature                 Title                           Date
---------------------     ---------------------------     ------------

By: /s/ Michel Attias     CEO, President,                 September 23, 2002
        -------------     Principal Financial Officer,
        Michel Attias     Controller and Director


By: /s/ Alex Mardikian    Vice-President, Director        September 23, 2002
        --------------
        Alex Mardikian


By: /s/ Sherry Durst      Director                        September 23, 2002
        ------------
        Sherry Durst