SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC 20549

                                FORM 10-KSB
                  ANNUAL REPORT UNDER SECTION 13 OR 15(d)
                                  OF THE
                      SECURITIES EXCHANGE ACT OF 1934

For the year ended March 31, 2001
Commission File No. 000-27339






                        LOCKWAVE TECHNOLOGIES, INC.
          (Exact name of registrant as specified in its charter)



Nevada                                            88-0343832
(State of organization) (I.R.S. Employer Identification No.)

47 Mall Dr., Suite 5, Commack, NY 11725
(Address of principal executive offices)

Registrant's telephone number, including area code (631) 864-1515

Securities registered under Section 12(g) of the Exchange Act: Common
     stock, $0.001 par value per share

Check whether the issuer (1) filed all reports required to be file by
Section 13 or 15(d) of the Exchange Act during the past 12 months and (2)
has been subject to such filing requirements for the past 90 days.  Yes X

Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendments to this Form 10-KSB.          [ X ]

Issuer's Revenue during the year ended March 31, 2001:      $ 0

As  of  July  16, 2001, the registrant had 37,295,000 shares of its  common
stock,  $0.001 par value, outstanding. Aggregate market value of the voting
and  non-voting common equity held by non-affiliates based on the price  of
N/A  per share (the selling or average bid and asked price) as of July  16,
2001: 1,118,850.

NOTE: The company's stock is not, and has not, been traded or quoted, and
the book value is negative. Therefore, there is no way to ascertain a
market value for the stock.

                   DOCUMENTS INCORPORATED BY REFERENCE:
The Company's form 10-SB/A, filed on January 24, 2000, and the exhibits
attached thereto, are incorporated by reference.
                                  PART I

Item 1. Description of Business.
   Description of Business

   Lockwave   Technologies,  Inc.  ("Lockwave"  or   the   "Company")   was
   incorporated  on  August 28, 1995 in Nevada under the original  name  of
   Professional  Mining  Consultants, Inc., On May 15,  2000,  the  Company
   changed  its  name to AudioMonster Online, Inc. On March 13,  2001,  the
   Company  once again changed its name to Lockwave Technologies, Inc.  The
   Company  was  formed  to  provide  internet  services,  offering  secure
   virtual  storage and a dynamic MP3 player through one consolidated  web-
   based application and is headquartered in Commack, New York.

   Lockwave shares office facilities, administrative overhead as well as  a
   product  development team with IMOJO, Inc. ("IMOJO or the  Parent")  the
   Parent.  Substantially all operating activity is  paid  by  the  Parent,
   initially  recorded  on  the  Parent's  books  and  then  allocated   to
   Lockwave. All direct costs are specifically identified and allocated  to
   Lockwave,  while all other costs are allocated to Lockwave  based  on  a
   proportional  cost  allocation method. All of the amounts  allocated  to
   Lockwave  have been recorded as contributed capital at March  31,  2001.
   Management  believes  that  the  cost  allocations  are  reasonable  and
   approximate  the  expenses  that Lockwave would  have  incurred  had  it
   operated as a stand-alone entity.

   The   Parent   has   allocated  expenses  for  office   facilities   and
   administrative   expenses,  including,  but  not   limited,   to   rent,
   utilities,   office  equipment,  professional  fees  and  administrative
   salaries  and  related  benefits.  Additionally,  the  Parent  allocated
   expenses  for  product  and  website  development,  including,  but  not
   limited   to,  programmer  salaries  (based  on  the  amount   of   time
   specifically  devoted  to  each project) and related  benefits,  website
   development costs and web hosting services.


   On  September 25, 2000, as amended on January 24, 2001, the  Parent  and
   Lockwave  entered into an Agreement and Plan of Merger (the "Agreement")
   with  Audiomonster  Online, Inc. ("Audiomonster"), which  was  a  public
   shell.

   Under  the terms of the Agreement, 100% of the outstanding common  stock
   of  Lockwave  was  acquired by Audiomonster in exchange  for  24,125,000
   shares  of common stock of Audiomonster issued to IMOJO, plus additional
   cash  consideration. As a result, IMOJO owns approximately  65%  of  the
   outstanding  shares of Audiomonster. This transaction was accounted  for
   as  a reverse acquisition whereby IMOJO was the acquirer of Audiomonster
   for   accounting  purposes.  The  historical  financial  statements   of
   Audiomonster,  prior  to the January 24, 2001 transaction,  will  become
   those of Lockwave.
   Virtual  storage,  which  is  the principal  product  and  service,  the
   Company  provides  can be marketed worldwide because it  is  distributed
   over  the  Internet.  The  competition in  the  online  virtual  storage
   business is growing.

   There  is  no dependence on one or a few major customers. There  are  no
   patents,   trademarks,   licenses,  franchises,   concessions,   royalty
   agreements  or  labor contracts. There is no  need  for  any  government
   approval   of   principal   products  or   services.   Since   inception
   approximately  $165,000  has  been spent  on  research  and  development
   activities.

   The  Company  files reports with the Securities and Exchange Commission.
   and  the public may read and copy any materials we file with the SEC  at
   the  SEC's  Public Reference Room at 450 Fifth Street, N.W., Washington,
   D.C.  20549. The public may obtain information on the operation  of  the
   Public  Reference  Room  by calling the SEC at 1-800-SEC-0330.  The  SEC
   maintains  an Internet site that contains reports, proxy and information
   statements, and other information regarding issuers such as the  Company
   that  files  electronically with the SEC and state the address  of  that
   site (http://www.sec.gov).

Item 2. Description of Property.

The Company has no properties and at this time has no agreements to acquire
any properties.

Item 3. Legal Proceedings.

The Company is not a party to any pending legal proceedings and, to the
best of its knowledge, no such action by or against it has been threatened.
None of our officers, directors, or beneficial owners of 5% or more of our
outstanding securities is a party to proceedings adverse to the Company nor
do any of the foregoing individuals have a material interest adverse to the
Company.

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

None
                                  PART II
Item 5. Market for Common Equity and Related Stockholder Matters.

      Date          High        Low

June 2000             8.375          6
July 2000              7.25     0.6562
August 2000          1.6875     0.5625
September 2000        2.125     0.7188
October 2000         1.4375     0.6562
November 2000          1.25      0.625
December 2000        0.7969     0.2031
January 2001         0.7969     0.2188
February 2001        0.6406      0.375
March 2001           0.5156     0.1562
April 2001             0.35       0.15
May 2001               0.25       0.09
June 2001              0.12       0.04

Source: Yahoo

As of July 16, 2001, the last reported sale price of the Company's stock
was $0.03 per share.


DIVIDEND POLICY

No dividends have been paid by the Company since its inception. We do not
anticipate paying dividends on our common stock in the foreseeable future
but plan to retain earnings, if any, for the operation and expansion of our
business.

HOLDERS

There were 314 stockholders of record of the Company's common stock as of
March 31, 2001.

Item 6. Management's Discussion and Analysis or Plan of Operation.

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATIONS

The following discussion should be read in conjunction with the financial
statements of the Company and related notes included elsewhere in this
Report and in the Company's Current Report on Form 8-K for the period from
inception to Dec 31, 2000. All statements contained herein (other than
historical facts) including, but not limited to, statements regarding the
Company's future development plans, the Company's ability to generate cash
from its operations and any losses related thereto, are based upon current
expectations. These statements are forward looking in nature and involve a
number of risks and uncertainties. Actual results may differ materially
from the anticipated results or other expectations expressed in the Company
are forward-looking statements. Generally, the words "anticipate,"
"believe," "estimate," "expects," "will," and similar expressions as they
relate to the Company and/or its management, are intended to identify
forward-looking statements. Among the factors that could cause actual
results to differ materially could be the inability of the Company to
obtain additional financing to meet its capital requirements, needs and
general business and economic conditions as well as technological
developments.

OVERVIEW

The Company has a limited history of operations and no history of
profitability. It was incorporated as Professional Mining Consultants, Inc.
on August 28, 1995. The Company was originally organized for the purpose of
setting up a Mining Consultant and Engineering office in Las Vegas, Nevada.

The objective was to pursue consulting and management contracts with
startup and small mining companies who are seeking professional and
management expertise. The Company was to focus on and specialized in
developing strategies, extraction and process technology, management and
engineering for both open pit and placer gold, silver and platinum mining
operations.

In September 1999, the Company abandoned its original business plan as
noted above and decided to pursue endeavors to seek a company or companies
that it can acquire or with whom it can merge.

The Company's common stock underwent a 2:1 forward split on May 2, 2000,
effective on May 16, 2000. This increased the number of shares outstanding
from 4,890,000 to 9,780,000 without changing the authorized common stock.

No change in the rights or ownership percentage of the holders has occurred
as a result of the forward split.

On May 12, 2000 the Company's predecessor, Professional Mining Consultants,
Inc. ("PFMC"), approved the Exchange Agreement between itself and a company
then known as 591519 BC Ltd. (d.b.a. AudioMonster Online). Under the terms
of the Agreement, the Company exchanged 2,000,000 shares of its common
stock for all of the shares of capital stock of 591519 BC Ltd. PFMC was the
legal acquirer. Upon completion of the Exchange Agreement, PFMC changed its
name to AudioMonster Online, Inc. For accounting purposes, this acquisition
has been treated as a recapitalization of 591519 BC Ltd. (d.b.a.
AudioMonster Online).

On June 5, 2000 591519 BC Ltd. changed its name to AudioMonster Online,
Inc. As a result two corporations exist with the name AudioMonster Online,
Inc. in both Nevada and British Columbia with the British Columbia company
as a subsidiary of the Nevada company.

On June 20, 2000 the Company entered into share purchase agreement with
Asset Mix Investments Limited ("AMIL") to acquire 100% of the outstanding
shares of ADS Technologies Inc. and paid non refundable deposits totaling
$600,000 pursuant to the share purchase agreement.
On July 15, 2000 the Company missed a payment pursuant to the payment
schedule and AMIL elected to terminate the share purchase agreement on July
17, 2000. The Company has received a legal opinion that there is very
little chance of recovering the deposit amount and had chosen to write down
the deposit amount.

On September 19, 2000, the Company incorporated a wholly-owned subsidiary
named AMOL Inc. in Delaware. which entered into an an Agreement and Plan of
Merger with Lockwave, Inc., a Delaware corporation on September 25, 2000.
Under the terms of the agreement, the Company would issue 4,500,000 shares
of its common stock to Imojo, Inc., the sole shareholder of Lockwave, Inc.,
provide a cash payment of $3,000,000 and a transfer of 3,625,000 shares of
common stock by existing shareholders of the Company in exchange for all of
the issued and outstanding common stock of Lockwave.

On September 25, 2000, the Company commenced the acquisition of Lockwave,
Inc. ("Lockwave") by its wholly-owned subsidiary, AMOL, Inc. Lockwave had
no assets or liabilities or operations at the time of acquisition.  A
deposit of $250,000 was paid and the Company's common shares were issued
and transferred on October 3, 2000.  An additional payment of $250,000 was
made in December 2000.

On September 25, 2000 on the closing of the Lockwave agreement and plan of
merger, Paul Steo became a director of the Company.

On September 27, 2000 the Company terminated all licenses with its artist
under contract. The company has chosen to write down all advances paid to
the artists and remaining inventory of CD audio disks which was provided at
no cost to the artists as compensation for the Company not fulfilling its
license agreements.

On September 27, 2000 the Company abandoned its AudioMonster online music
business plan and decided to focus all resources on completion of the
Lockwave merger and implementation of the Lockwave Business Model.

On January 24, 2001 the terms of the Merger Agreement were amended, 100% of
the  outstanding  common stock of Lockwave was acquired by Audiomonster  in
exchange  for 24,125,000 shares of common stock of Audiomonster  issued  to
IMOJO,  plus cash consideration of $2,000,000 (excluding amounts previously
paid).  As a result, IMOJO owns approximately 65% of the outstanding shares
of   Audiomonster.  This  transaction  was  accounted  for  as  a   reverse
acquisition  whereby IMOJO was the acquirer of Audiomonster for  accounting
purposes. The historical financial statements of Audiomonster, prior to the
January 24, 2001 transaction, will become those of Lockwave.

No  Payments  for  the amended cash portion of the merger have  been  made.
They  were scheduled to be paid on the following dates:  February 1,  2001,
$250,000;  March 1, 2001, $250,000; April 1,2001, $500,000;  May  1,  2001,
$500,000; June 1, 2001, $500,000.

The  $2,000,000 payable for the acquisition will remain on the books of the
Company as a liability until it is paid or negotiated.  No default or  late
fees  have yet been charged and the Company plans to negotiate payment  for
the $2,000,000.  The payment may include cash and/or stock consideration.
As of March 31, 2001 the Company had a total stockholders' deficit of
$2,027,610.

See Notes to the Financial Statements for a description of the Company's
significant accounting policies.

RESULTS OF OPERATIONS

The Company was not operating prior to October 12, 1999, and had only
incurred minimal start-up expenses as of that date.  For the year ended
March 31, 2001, net revenues were $0 and net loss was $161,199.  For the
previous year the company had operations from October 12, 1999 to March 31,
2000.  Net revenues were $0 and net loss for the period was $94,101.

LIQUIDITY AND CAPITAL RESOURCES

As of March 31, 2001, the Company had a cash balance of $0.  The Company's
total accumulated deficit rose from the March 31, 2000 balance of $94,101
to a balance of $255,300 at March 31, 2001.

On January 24, 2001, the purchase agreement for Lockwave was amended. The
amendment provided for the issuance of an additional 12,000,000 shares of
common stock and a reduction in the remaining cash payment from $2,750,000
to $2,000,000. In consideration for the reduction in the cash payment, the
Company issued 3,000,000 shares of common stock.

As a result of the issuance of the additional shares described in the
proceeding paragraph the former shareholder of Lockwave acquired control of
the Company. This acquisition will be recorded as a reverse acquisition of
the Company by Lockwave. The financial statements include the accounts of
Lockwave from inception and of the Company from January 24, 2001.

The Company states that its cash on hand and cash from operations is not
sufficient to fund the development of the Lockwave business plan. The
Company is presently contemplating a private placement of equity securities
to facilitate funding the balance of cash consideration for the merger and
development efforts. The sale of additional equity securities or
convertible debt will result in additional dilution to our stockholders.

The Company can give no assurance that it will be able to generate adequate
funds from operations, that funds will be available to us from debt or
equity financing, or that if available, the Company will be able to obtain
such funds on favorable terms and conditions. If the Company cannot secure
additional funds it will not be able to continue as a going concern. The
Company currently has no definitive arrangements with respect to additional
financing.

YEAR 2000 DISCLOSURE

We do not anticipate any problem in dealing with computer entries in the
year 2000 or thereafter, with any computers currently used at any of its
facilities. All of our computer systems are new and have been Year 2000
compliant since their acquisition. We keep current with all updates and
revisions with all software we currently use. It is anticipated that the
software updates reflect required revisions to accommodate transactions in
the Year 2000 and thereafter.

We have concluded, based on our review of our operations and computer
systems and those of our major suppliers and distributors have not had any
problems associated with the Year 2000 issue. However, we cannot guarantee
that such problems will not arise in the future.

Change in Officers and Directors

On September 25, 2000, the Board of Directors appointed Paul Steo as a
member of the Board of Directors, effective immediately.
Also in connection with the transaction regarding the amended Agreement,
the sole officer and director of the Company, Greg Corcoran, agreed to
resign all his positions with the Company effective January 24, 2001. The
remaining members did not immediately fill the vacancy created by Mr.
Corcoran's resignation. Paul Steo was appointed as President, Secretary,
and Treasurer.

On December 12, 2000, the Board of Directors appointed Thomas Massaro as a
member of the Board of Directors, effective immediately.

On March 1, 2001 Thomas Massaro resigned as a member of the Board of
Directors of the Company, effective immediately.  Upon his resignation,
there were no disagreements on any matter with the registrant.

Change in Corporate Offices

The corporate offices of the Company have been transferred to 47 Mall
Drive, Suite 5, Commack, New York 11725, and its new telephone number is
(631) 864-1515.

Change in Company Name

On February 7, 2001, the Board, by its unanimous written consent (the
"Board Consent"), adopted resolutions approving the Amendment effecting the
name change. Under the NRS, the record date for such action, which date
determines the shareholders entitled to vote, was the date of the Board
Consent (the "Record Date"). On the Record Date, the only issued and
outstanding shares of the Company's capital stock entitled to vote on the
proposed amendment were 37,295,000 shares of the Company's common stock,
par value $0.001 per share (the "Common Stock"), of which the Majority
Shareholders held 24,125,000 or 64.7% of the total stock entitled to vote
on the proposed amendment. On February 7, 2001, the Majority Shareholders,
by written consent in lieu of a meeting, approved the Amendment to effect
the name change. No further consents, votes or proxies are necessary to
effect the name change. The Name Change became effective on February 27,
2001 when an amendment to the Articles of Incorporation of the Company
providing for the change (the "Amendment") was filed with the Secretary of
State of the State of Nevada. The amended name is Lockwave Technologies,
Inc.  Due to the situation regarding the termination of the AudioMonster
online label and business, the Company has amended its corporate name to
better reflect its current business plan which is to focus all resources on
implementing the Lockwave Technologies model.  The Company was issued a new
trading symbol by the National Association of Securities Dealers to reflect
the corporate name change.  The new trading symbol is LWTI.

Item 7. Financial Statements.

                        LOCKWAVE TECHNOLOGIES, INC.
                       (A Development Stage Company)

                     CONSOLIDATED FINANCIAL STATEMENTS








   CONTENTS


                                                                     PAGE

INDEPENDENT AUDITORS' REPORT
                                                                   1

CONSOLIDATED BALANCE SHEETS                                        2

CONSOLIDATED STATEMENTS OF OPERATIONS                              3

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY                    4

CONSOLIDATED STATEMENTS OF CASH FLOWS                              5

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                    6 - 11












                       INDEPENDENT AUDITORS' REPORT


TO THE BOARD OF DIRECTORS AND STOCKHOLDERS OF
LOCKWAVE TECHNOLOGIES, INC. AND SUBSIDIARY:

We  have  audited the accompanying consolidated balance sheet of Lockwave
Technologies,  Inc. and Subsidiary (a Development Stage  Company)  as  of
March  31,  2001  and the related consolidated statements of  operations,
comprehensive  loss, stockholders' deficit and cash flows  for  the  year
then  ended and for the period from inception (October 12, 1999) to March
31,  2001.  These  financial  statements are the  responsibility  of  the
Company's  management.  Our responsibility is to express  an  opinion  on
these  financial statements based on our audit.  The Company's  financial
statements as of and for the period October 12, 1999 (inception)  through
March  31, 2000 were audited by other auditors whose report, dated  March
20,  2001,  expressed  an unqualified opinion on those  statements.   The
financial statements for the period October 12, 1999 (inception)  through
March  31, 2000 reflect total revenues and net loss of $-0- and  $94,101,
respectively, of the related totals.  The other auditors' report has been
furnished  to us, and our opinion, insofar as it relates to  the  amounts
included  for  such prior period, is based solely on the report  of  such
other auditors.

We  conducted  our audit in accordance with auditing standards  generally
accepted  in the United States of America.  Those standards require  that
we  plan  and  perform  the  audit to obtain reasonable  assurance  about
whether  the financial statements are free of material misstatement.   An
audit  includes  examining,  on  a test basis,  evidence  supporting  the
amounts  and  disclosures  in the financial statements.   An  audit  also
includes   assessing  the  accounting  principles  used  and  significant
estimates made by management, as well as evaluating the overall financial
statement  presentation.  We believe that our audit provides a reasonable
basis for our opinion.

In  our opinion, based on our audit and the report of the other auditors,
such  consolidated financial statements referred to above present fairly,
in all material respects, the consolidated financial position of Lockwave
Technologies,  Inc.  and  Subsidiary  as  of  March  31,  2001  and   the
consolidated  results of its operations and its cash flows for  the  year
then ended, and for the period from October 12, 1999 (inception) to March
31,  2001 in conformity with accounting principles generally accepted  in
the United States of America.

The  accompanying  consolidated financial statements have  been  prepared
assuming  that  the  company  will continue  as  a  going  concern.    As
described   in   Note  1  to  the  accompanying  consolidated   financial
statements,  the  Company  has  no established  source  of  revenue,  has
incurred significant operating losses to date and has negative cash  flow
from  operations.  Management's plans in regard to these matters are also
described  in  Note  1.  These consolidated financial statements  do  not
include  any  adjustments  that might result from  the  outcome  of  this
uncertainty.


                              MERDINGER,  FRUCHTER, ROSEN  &  CORSO, P.C.
                              Certified Public Accountants

New York, New York
June 22, 2001

                        LOCKWAVE TECHNOLOGIES, INC.
                       (A Development Stage Company)
                        CONSOLIDATED BALANCE SHEETS



<TABLE>
<S>                                                  <C>          <C>
                                                      March 31,
                                                         2001        2000
     ASSETS
CURRENT ASSETS
  Cash and cash equivalents                              $      -    $  4,169
                                                      -----------  ----------
     Total assets                                        $      -    $  4,169
                                                      ===========  ==========
     LIABILITIES AND STOCKHOLDERS' EQUITY
 CURRENT LIABILITIES
   Accounts payable                                      $ 27,610    $      -
   Payable for acquisition                              2,000,000           -
     Total current liabilities                          2,027,610           -

STOCKHOLDERS' (DEFICIT) EQUITY
  Common stock, $0.001 par value;
   50,000,000 shares authorized,
    37,295,000 and 24,125,000 shares issued and            37,295      24,125
outstanding
  Additional paid-in-capital                          (1,809,605)      74,145
   Deficit accumulated during the development stage     (255,300)    (94,101)
     Total stockholders' (deficit) equity             (2,027,610)       4,169

     Total liabilities and stockholders' (deficit)      $       -    $  4,169
        equity
</TABLE>















The accompanying notes are an integral part of these consolidated financial
statements.

                                   - 2 -
                        LOCKWAVE TECHNOLOGIES, INC.
                       (A Development Stage Company)
                   CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<S>                                  <C>           <C>            <C>
                                                    October 12,  October 12,
                                                        1999         1999
                                      Year Ended    (inception)  (inception)
                                                         to           to
                                       March 31,     March 31,    March 31,
                                         2001           2000         2001

Revenue                                 $        -   $         - $         -

Product and website development             94,269        69,861     164,130
Selling, general and
 administrative expenses                    66,930        24,240      91,170
                                       -----------  ------------ -----------
Loss from operations before
 provision for income taxes              (161,199)      (94,101)   (255,300)

Provision for income taxes                       -             -           -
                                       -----------  ------------ -----------
Net loss                               $ (161,199)   $  (94,101) $ (255,300)
                                       ===========  ============ ===========
Net loss per share - basic and         $    (0.01)   $         - $    (0.01)
diluted
                                       ===========  ============ ===========
Weighted average number of
 common shares outstanding              26,542,507    24,125,000  25,768,184
                                       ===========  ============ ===========
</TABLE>

















The accompanying notes are an integral part of these consolidated financial
statements.

                                   - 3 -


                           LOCKWAVE TECHNOLOGIES, INC.
                          (A Development Stage Company)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

<TABLE>
<S>                              <C>           <C>           <C>              <C>            <C>
                                                                                Deficit
                                                                              Accumulated
                                                                Additional     During the
                                        Common Stock             Paid-in      Development
                                    Shares        Amount         Capital         Stage           Total
Balance, October 12, 1999
 (Inception)                                -  $         --  $            -   $           -  $            -

Sale of common stock,
 October 12, 1999                  24,125,000        24,125        (24,115)               -              10

Expenses paid by shareholder                -             -          94,101               -          94,101

Capital contribution                        -             -           4,159               -           4,159

Net loss                                    -             -               -        (94,101)        (94,101)
                                  -----------    ----------     -----------      ----------     -----------
Balance, March 31, 2000            24,125,000        24,125          74,145        (94,101)           4,169

Acquisition of public shell
 corporation, January 24, 2001     13,170,000        13,170        (13,170)               -               -

Cash to be paid for acquisition             -             -     (2,000,000)               -     (2,000,000)

Capital contribution                        -             -         129,420               -         129,420

Net loss                                    -             -               -       (161,199)       (161,199)
                                  -----------    ----------     -----------      ----------     -----------
Balance, March 31, 2001            37,295,000  $     37,295  $  (1,809,605)   $   (255,300)  $  (2,027,610)
                                  ===========    ==========     ===========      ==========     ===========
</TABLE>



The accompanying notes are integral part of these consolidated financial
statements.

                                      - 4 -


                        LOCKWAVE TECHNOLOGIES, INC.
                       (A Development Stage Company)
                   CONSOLIDATED STATEMENTS OF CASH FLOWS

  <TABLE>
  <S>                                   <C>         <C>            <C>
                                                                    October 12,
                                                     October 12,       1999
                                        Year Ended       1999       (Inception)
                                         March 31,   (Inception)   to March 31,
                                           2001      to March 31,      2001
                                                         2000

  CASH FLOWS FROM OPERATING ACTIVITIES
       Net loss                          $(161,199)      $(94,101)   $(255,300)
       Expenses paid by shareholder         129,420         94,101      223,521
       Increase in accounts payable          27,610              -       27,610
                                        -----------    ----------- ------------
  NET CASH (USED IN) PROVIDED BY
  OPERATING ACTIVITIES                      (4,169)              -      (4,169)
                                        -----------    ----------- ------------
  CASH FLOWS FROM FINANCING ACTIVITIES
  -
       Sale of common stock                       -             10           10
       Capital contributions                      -          4,159        4,159
                                        -----------    ----------- ------------
  NET CASH PROVIDED BY FINANCING                  -          4,169        4,169
  ACTIVITIES
                                        -----------    ----------- ------------
  NET (DECREASE) INCREASE IN CASH
  AND CASH EQUIVALENTS
                                            (4,169)          4,169            -

  CASH AND CASH EQUIVALENTS -
    beginning of period                       4,169              -            -
                                        -----------    ----------- ------------
  CASH AND CASH EQUIVALENTS - end of
  period                                 $        -      $   4,169   $        -
                                        ===========    =========== ============
  </TABLE>

  SUPPLEMENTAL INFORMATION:
       During  the period October 12, 1999 to March  31,
     2001, the Company paid no cash for interest or income taxes.










The accompanying notes are an integral part of these consolidated financial
statements.

                                   - 5 -


                 LOCKWAVE TECHNOLOGIES, INC.
                (A Development Stage Company)
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   MARCH 31, 2001 AND 2000



 NOTE   1  -  DESCRIPTION  OF  BUSINESS  AND  SUMMARY   OF
 SIGNIFICANT ACCOUNTING POLICIES

           Basis of Presentation
           The  accompanying financial statements  include
           the  accounts  of  Lockwave Technologies,  Inc.
           ("Lockwave       Technologies"),       formerly
           Audiomonster Online, Inc., a Nevada corporation
           formed  on  August  28,  1995  as  Professional
           Mining  Consultants, Inc. and its wholly  owned
           subsidiary   Lockwave,  Inc.  ("Lockwave"),   a
           Delaware  corporation  formed  on  October  12,
           1999.   Lockwave Technologies and Lockwave  are
           collectively referred to as the "Company".  All
           significant    inter-company    accounts    and
           transactions    have   been    eliminated    in
           consolidation.

           The   Company  conducts  its  operations   from
           offices located in Commack, New York.

           Effective    January   24,    2001,    Lockwave
           Technologies  acquired all of  the  issued  and
           outstanding  common stock of  Lockwave.   As  a
           result  of this transaction, Lockwave's  former
           shareholder   obtained  control   of   Lockwave
           Technologies,  a  shell  corporation  with   no
           operations.   For  accounting  purposes,   this
           acquisition    has   been    treated    as    a
           recapitalization of Lockwave.

           The financial statements presented include only
           the  accounts  of Lockwave from  its  inception
           (October  12, 1999) through March 31, 2001  and
           of  Lockwave Technologies from January 24, 2001
           through March 31, 2001.

           The accompanying financial statements have been
           prepared  in conformity with generally accepted
           accounting    principles,   which   contemplate
           continuation of the Company as a going concern.
           However, the Company has no established  source
           of  revenue,  has accumulated operating  losses
           and  has  a material payment due to the  former
           shareholders of Lockwave.  These factors  raise
           substantial  doubt about the Company's  ability
           to   continue  as  a  going  concern.   Without
           realization of additional capital, it would  be
           unlikely for the Company to continue as a going
           concern.   The  financial  statements  do   not
           include   any  adjustments  relating   to   the
           recoverability and classification  of  recorded
           asset amounts and classification of liabilities
           that  might be necessary should the Company  be
           unable to continue in existence.

           The    Company   will   also   pursue    merger
           opportunities with operating companies.

           Nature of Operations
           The  Company  is  currently a development-stage
           company  under the provisions of the  Financial
           Accounting  Standards Board ("FASB")  Statement
           of  Financial Accounting Standards ("SFAS") NO.
           7.

           The   Company   intends  to  provide   internet
           services, offering secure virtual storage and a
           dynamic MP3 player through one consolidated web-
           based application.


                            - 6 -


                 LOCKWAVE TECHNOLOGIES, INC.
                (A Development Stage Company)
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   MARCH 31, 2001 AND 2000



 NOTE 1 - DESCRIPTION   OF   BUSINESS   AND   SUMMARY   OF
           SIGNIFICANT ACCOUNTING POLICIES (Continued)

           Use of Estimates
           The  preparation  of  financial  statements  in
           conformity  with generally accepted  accounting
           principles   requires   management   to    make
           estimates  and  assumptions  that  affect   the
           reported amounts of assets and liabilities  and
           disclosure of contingent assets and liabilities
           at the date of the financial statements and the
           reported amounts of revenue and expenses during
           the  reporting  period.  Actual  results  could
           differ from those estimates.

           Cash and Cash Equivalents
           The   Company   considers  all  highly   liquid
           investments purchased with original  maturities
           of three months or less to be cash equivalents.

           Concentration of Credit Risk
           The Company places its cash in what it believes
           to  be  credit-worthy  financial  institutions.
           However, cash balances may exceed FDIC  insured
           levels at various times during the year.

           Fair Value of Financial Instruments
           The  carrying value of cash and cash  equivalents
           and  accounts payable approximates fair value due
           to   the  relatively  short  maturity  of   these
           instruments.

           Income Taxes
           Income  taxes  are provided for  based  on  the
           liability method of accounting pursuant to SFAS
           No.   109,   "Accounting  for  Income   Taxes".
           Deferred income taxes, if any, are recorded  to
           reflect the tax consequences on future years of
           differences between the tax bases of assets and
           liabilities   and  their  financial   reporting
           amounts at each year-end.

           Product and Website Development Costs
           Product  and website development costs  consist
           principally of payroll and related expenses for
           development,  editorial, systems personnel  and
           consultants.   Product  development  costs  are
           generally expensed as incurred.

           The Company follows the provisions of Statement
           of  Position 98-1, "Accounting for the Costs of
           Computer  Software Developed  or  Obtained  for
           Internal     Use",    which    requires     the
           capitalization of costs incurred in  connection
           with  developing  or  obtaining  software   for
           internal  use.   The  useful  life  of  website
           development  costs is less than  one  year  and
           accordingly,  these  costs  are   expensed   as
           incurred  and  are  included  in  "product  and
           website  development costs" in the accompanying
           financial statements.



                            - 7 -


                 LOCKWAVE TECHNOLOGIES, INC.
                (A Development Stage Company)
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   MARCH 31, 2001 AND 2000

 NOTE 1 - DESCRIPTION   OF   BUSINESS   AND   SUMMARY   OF
           SIGNIFICANT ACCOUNTING POLICIES (Continued)

           Start-Up and Organization Costs
           The  Company  accounts for  start-up  costs  in
           accordance  with  Statement of  Position  98-5,
           "Reporting on the Costs of Start-up Activities"
           ("SOP  98-5"), issued by the American Institute
           of  Certified  Public  Accountants.   SOP  98-5
           requires   the  cost  of  start-up  activities,
           including organization costs, to be expensed as
           incurred.

           Earnings Per Share
           The  Company calculates earnings per  share  in
           accordance  with  SFAS No. 128,  "Earnings  Per
           Share",  which requires presentation  of  basic
           earnings   per  share  ("BEPS")   and   diluted
           earnings  per share ("DEPS").  The  computation
           of   BEPS   is  computed  by  dividing   income
           available   to  common  stockholders   by   the
           weighted  average number of outstanding  common
           shares during the period.  DEPS gives effect to
           all    dilutive    potential   common    shares
           outstanding during the period.  The computation
           of DEPS does not assume conversion, exercise or
           contingent  exercise of securities  that  would
           have an antidilutive effect on earnings.  As of
           March  31,  2001,  there  were  no  potentially
           dilutive securities outstanding.

           Comprehensive Income
           SFAS No. 130, "Reporting Comprehensive Income",
           establishes  standards for  the  reporting  and
           display   of  comprehensive  income   and   its
           components  in  the financial statements.   The
           items  of  other comprehensive income that  are
           typically required to be displayed are  foreign
           currency   items,  minimum  pension   liability
           adjustments, and unrealized gains and losses on
           certain   investments  in   debt   and   equity
           securities.  The Company has no items of  other
           comprehensive  income and has not  presented  a
           statement of comprehensive income.

           Stock-Based Compensation
           The  Company  has  adopted the intrinsic  value
           method    of    accounting   for    stock-based
           compensation  in  accordance  with   Accounting
           Principles  Board  Opinion  ("APB")   No.   25,
           "Accounting for Stock Issued to Employees"  and
           related   interpretations.   The  Company   has
           adopted only the disclosure provisions of  SFAS
           No. 123, "Stock Based Compensation", for equity
           instruments issued to employees.

NOTE 2 -   CORPORATE REORGANIZATION AND MERGER

           On  January 24, 2001, Lockwave Technologies and
           Lockwave  executed  an  Acquisition  Agreement.
           The   agreement,  as  amended,  provided   that
           Lockwave Technologies would acquire all of  the
           issued   and   outstanding  common   stock   of
           Lockwave.   In connection with the transaction,
           the  sole  shareholder of Lockwave received  an
           aggregate  of  24,125,000  shares  of  Lockwave
           Technologies common stock for its 1,000  shares
           of  Lockwave.  Additionally, the shareholder is
           to   receive  a  cash  payment  of  $2,000,000.
           Payments  of $500,000 had previously been  paid
           prior to the final amendment.  Payments of  the
           $2,000,000  cash  portion  were  scheduled   as
           follows:  February 1, 2001, $250,000; March  1,
           2001, $250,000; April 1, 2001, $500,000; May 1,
           2001,  $500,000; June 1, 2001, $500,000.   None
           of these scheduled payments have been made.

                            - 8 -


                 LOCKWAVE TECHNOLOGIES, INC.
                (A Development Stage Company)
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   MARCH 31, 2001 AND 2000



NOTE 2 -   CORPORATE REORGANIZATION AND MERGER (Continued)

           As  a  result  of  this  transaction  the  former
           shareholder  of  Lockwave acquired  or  exercised
           control   over  a  majority  of  the  shares   of
           Lockwave    Technologies.     Accordingly,    the
           transaction  has  been  treated  for   accounting
           purposes  as a recapitalization of Lockwave  and,
           therefore,  these financial statements  represent
           a   continuation  of  the  accounting   acquirer,
           Lockwave,  not Lockwave Technologies,  the  legal
           acquirer.

           In accounting for this transaction:

           i)   Lockwave is deemed to be the purchaser and surviving
                company for accounting purposes.  Accordingly, its net
                assets are included in the balance sheet at their historical
                book values;

           ii)  Control of the net assets and business of Nevada was
                acquired effective January 24, 2001 (the "Effective Date").
                This transaction has been accounted for as a purchase of the
                assets and liabilities of Lockwave Technologies by Lockwave.
                At the effective date Lockwave Technologies had no assets or
                liabilities and has ceased operations.

           iii) The consolidated statements of operations and cash
                flows include Lockwave's results of operations and cash
                flows from October 12, 1999 (date of inception) and Lockwave
                Technologies results of operations from the Effective Date.

NOTE 3 -INCOME TAXES

           The  components  of  the provision  for  income
           taxes are as follows:

                                                October 12,
                                  Year Ended      1999 to
                                   March 31,     March 31,
                                     2001          2000
           Current Tax Expense
             U.S. Federal              $     -       $     -
             State and Local                 -             -
                                     ---------     ---------
           Total Current                     -             -
                                     ---------     ---------


           Deferred Tax Expense
             U.S. Federal                    -             -
             State and Local                 -             -
                                     ---------     ---------
           Total Deferred                    -             -
                                     ---------     ---------

                            - 9 -




                 LOCKWAVE TECHNOLOGIES, INC.
                (A Development Stage Company)
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   MARCH 31, 2001 AND 2000



 NOTE 3 - INCOME TAXES (Continued)
                                                   October
                                                     12,
                                         Year      1999 to
                                         Ended
                                       March 31,  March 31,
                                         2001        2000
           Total Tax Provision
           (Benefit) from
           Continuing Operations       $      -     $     -
                                      ==========    ========
           The  reconciliation of the effective income tax
           rate  to  the  Federal  statutory  rate  is  as
           follows:

           Federal Income Tax Rate         34.0%       34.0%
           Effect of Valuation
           Allowance                     (34.0)%     (34.0)%
                                      ----------    --------
           Effective Income Tax Rate        0.0%        0.0%
                                      ==========    ========

           At   March   31,  2001,  the  Company   had   net
           carryforward  losses  of approximately  $255,000.
           Because  of the current uncertainty of  realizing
           the   benefits   of   the  tax  carryforward,   a
           valuation  allowance equal to  the  tax  benefits
           for  deferred  taxes has been  established.   The
           full  realization  of the tax benefit  associated
           with  the carryforward depends predominantly upon
           the  Company's ability to generate taxable income
           during the carryforward period.

           Deferred tax assets and liabilities reflect the
           net tax effect of temporary differences between
           the  carrying amount of assets and  liabilities
           for  financial reporting purposes  and  amounts
           used  for  income  tax  purposes.   Significant
           components of the Company's deferred tax assets
           and  liabilities as of March 31, 2001 and  2000
           are as follows:

                                                 March 31,
                                            2001           2000
           Deferred Tax Assets
           Loss Carryforwards              $   86,700     $   32,000

           Less:  Valuation Allowance        (86,700)       (32,000)
                                           ----------     ----------
           Net Deferred Tax Assets         $        -     $        -
                                           ==========     ===========


           Net operating loss carryforwards expire in 2021.









                           - 10 -
                 LOCKWAVE TECHNOLOGIES, INC.
                (A Development Stage Company)
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   MARCH 31, 2001 AND 2000



  NOTE 4 - RELATED PARTY TRANSACTIONS

           Lockwave      shared     office     facilities,
           administrative overhead as well  as  a  product
           development  team  with its former  Parent  and
           other  wholly-owned subsidiaries of the Parent.
           Substantially all operating activity  was  paid
           by the former Parent, initially recorded on the
           Parent's  books  and  then  allocated  to   the
           Parent's subsidiaries, including Lockwave.  All
           direct  costs  are specifically identified  and
           allocated  to Lockwave, while all  other  costs
           are   allocated   to  Lockwave   based   on   a
           proportional  cost allocation method.   All  of
           the  amounts  allocated to Lockwave  have  been
           recorded  as contributed capital at  March  31,
           2001  and  2000.  Management believes that  the
           cost allocations are reasonable and approximate
           the  expenses that Lockwave would have incurred
           had it operated as a stand-alone entity.

           The  Parent  has allocated expenses for  office
           facilities    and   administrative    expenses,
           including, but not limited, to rent, utilities,
           office   equipment,   professional   fees   and
           administrative  salaries and related  benefits.
           For  the year ended March 1, 2001, and for  the
           period  October  12,  1999 (inception)  through
           March  31,  2000,  these expenses  amounted  to
           $35,151 and $24,240, respectively.

           Additionally, the Parent allocated expenses for
           product and website development, including, but
           not  limited to, programmer salaries (based  on
           the amount of time specifically devoted to each
           project)   and   related   benefits,    website
           development  costs  and web  hosting  services.
           For  the year ended March 31, 2001 and for  the
           period  October  12,  1999 (inception)  through
           March  31,  2000,  these  expenses  amount   to
           $94,269 and $69,861, respectively.



                           - 11 -

Item 8. Changes In and Disagreements With Accountants on
Accounting and Financial Disclosure.

None


                          PART III

Item 9. Directors, Executive Officers, Promoters and Control
Persons; Compliance With Section 16(a) of the Exchange Act.

MANAGEMENT

The following table sets forth the names, ages and positions
of our executive officers and directors:

Name                      Age      Position and Offices with
                                   the Company
------------------------------------------------------------

Paul S. Steo               24      President, Secretary,
                                   Treasurer and Director


Paul Steo took over as the sole officer of the Company
immediately after Greg Corcoran resigned on January 24,
2001.  Mr. Steo currently handles all administrative duties
for the Company.  Prior to obtaining the position with
Lockwave, Mr. Steo worked as a financial operations analyst
for a division of Ambac Financial Group.  From 1994 to 1998
Prior to Ambac, Mr. Steo worked at Paychex, Inc. providing
administrative and accounting services.  Mr. Steo holds a
B.S. in Accounting from Binghamton University.


Item 10. Executive Compensation.

No compensation has been paid to any of the current Officers
or Directors of the Company.  We expect that a compensation
plan for our Officers and Directors will be adopted and may
include cash and/or stock consideration.

Item 11. Security Ownership of Certain Beneficial Owners and

Management.

The following table sets forth certain information, as of
March 31, 2001, regarding beneficial ownership of our common
stock by

- each stockholder known by us to be the beneficial owner of
more than five percent (5%) of the outstanding shares of
common stock; - each of our directors;

- each of the named executive officers; and - all of our
current executive officers and directors as a group.

Name of                    Number of Shares
Beneficial Owner           Beneficially Owned(1)
Percent of Class (1)
----------------           ---------------------

IMOJO, Inc.                    24,125,000   64.7%

Paul S. Steo                        0          0%

All executive Officers and
Directors as a group                0          0%


Item 12. Certain Relationships and Related Transactions.

Lockwave  shares office facilities, administrative  overhead
as  well  as a product development team with the Parent  and
other wholly-owned subsidiaries of the Parent. Substantially
all  operating  activity is paid by  the  Parent,  initially
recorded  on  the Parent's books and then allocated  to  the
Parent's subsidiaries, including Lockwave. All direct  costs
are specifically identified and allocated to Lockwave, while
all  other  costs  are  allocated to  Lockwave  based  on  a
proportional  cost  allocation method. All  of  the  amounts
allocated  to  Lockwave  have been recorded  as  contributed
capital at March 31, 2001. Management believes that the cost
allocations are reasonable and approximate the expenses that
Lockwave  would have incurred had it operated  as  a  stand-
alone entity.

The  Parent has allocated expenses for office facilities and
administrative  expenses, including,  but  not  limited,  to
rent,  utilities,  office equipment, professional  fees  and
administrative salaries and related benefits. For  the  year
ended  March  31, 2001 and for the period October  12,  1999
(inception) through March 31, 2001, these expenses  amounted
to $35,151 and $24,240 respectively.

Additionally, the Parent allocated expenses for product  and
website   development,  including,  but  not   limited   to,
programmer   salaries  (based  on   the   amount   of   time
specifically devoted to each project) and related  benefits,
website development costs and web hosting services.  For the
year  ended  March 31, 2001 and for the period  October  12,
1999  (inception)  through March 31,  2000,  these  expenses
amounted to $94,269 and $69,861 respectively.


Item 13. Exhibits and Reports on Form 8-K.


          2.1       Agreement and Plan of Merger dated
                    September 25, 2000, including exhibits
                    (incorporated by reference to the
                    amended Form 8-K, filed on February 7,
                    2001).

          2.2       Amendment to Agreement and Plan of
                    Merger dated January 24, 2001
                    (incorporated by reference to the
                    amended Form 8-K, filed on February 7,
                    2001).

          3.1       The exhibit consisting of the Company's
                    Articles of Incorporation is attached to
                    the Company's amended Form 10-SB, filed
                    on February 28, 2000. This exhibit is
                    incorporated by reference to that Form.

          3.2       The exhibit consisting of the Company's
                    Bylaws is attached to the Company's
                    amended Form 10-SB, filed on February
                    28, 2000. This exhibit is incorporated
                    by reference to that Form.

          21        Subsidiaries

                    AMOL, Inc. - Incorporated in Delaware

Reports on 8-K:

On February 7, 2001 and April 9, 2001, the Company filed a
Form 8-K and Form 8-K/A, respectively, regarding the Agreement
and Plan of Merger and the Amendment to Agreement and Plan of
Merger.


                           SIGNATURES

Pursuant  to  the  requirements of Section 12 of  the  Securities
Exchange  Act  of  1934,  the Registrant  has  duly  caused  this
registration  statement  to  be  signed  on  its  behalf  by  the
undersigned, thereunto duly authorized.



                           AudioMonster Online, Inc.



                           By: /s/ Paul Steo
                              Paul Steo,
                              President/Secretary/Treasurer



                           Date: July 16, 2001