U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB

                             Quarterly Report Under
                       the Securities Exchange Act of 1934

                        For Quarter Ended: March 31, 2002

                           Commission File No. 0-25743



                            FREEDOM GOLF CORPORATION
        (Exact name of small business issuer as specified in its charter)



                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   91-1950699
                        (IRS Employer Identification No.)

                              7308 S. Spruce Street
                            Englewood, Colorado 80112
                            -------------------------
                    (Address of principal executive offices)

                                      80112
                                   (Zip Code)

                                 (303) 221-0331
                           (Issuer's Telephone Number)





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

The number of shares of the  registrant's  only class of common stock issued and
outstanding as of May 20, 2002, was 13,971,542 shares.


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<PAGE>
                                     PART I

ITEM 1. FINANCIAL STATEMENTS.

     Our unaudited financial statements for the six months ended March 31, 2002,
are attached hereto.

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

     The following  discussion  should be read in conjunction with our unaudited
financial  statements and notes thereto included herein. In connection with, and
because  we desire to take  advantage  of the "safe  harbor"  provisions  of the
Private  Securities  Litigation Reform Act of 1995, we caution readers regarding
certain forward looking statements in the following  discussion and elsewhere in
this report and in any other statement made by, or on our behalf, whether or not
in future filings with the Securities and Exchange  Commission.  Forward looking
statements are statements not based on historical  information  and which relate
to future  operations,  strategies,  financial  results  or other  developments.
Forward looking  statements are necessarily based upon estimates and assumptions
that are inherently  subject to significant  business,  economic and competitive
uncertainties and  contingencies,  many of which are beyond our control and many
of which,  with  respect to future  business  decisions,  are subject to change.
These  uncertainties and contingencies can affect actual results and could cause
actual results to differ  materially from those expressed in any forward looking
statements  made by, or on our behalf.  We  disclaim  any  obligation  to update
forward looking statements.

RESULTS OF OPERATIONS

     Comparison of Results of  Operations  for the six month periods ended March
31, 2002 and 2001.

     Total  revenues  decreased from $78,777 in the six month period ended March
31, 2001, to $2,387 in 2002, a decrease of $76,390 (96.9%). We believe that this
decrease was attributable to the fact that we have not completed our infomercial
for our Freedom 345 golf club. We had put the  completion of the  infomercial on
hold until the  prospective  merger  between our company and Trinity Golf,  Inc.
("Trinity"),  was either completed or abandoned. Until this occurred, we put all
marketing  efforts  on hold,  principally  because we had  ceased  fund  raising
activities  and had no available  capital with which to undertake such marketing
activities.  As of the date of this Report, the proposed merger with Trinity has
been  abandoned as a result of our being notified by the Securities and Exchange
Commission  that the  Securities and Exchange  Commission  intended to recommend
that a civil action be commenced  against us and Gaylen  Johnson,  individually,
our President. The SEC is alleging that

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<PAGE>



both we and Mr. Johnson have violated the anti-fraud  provisions  included under
the Securities Act of 1933, as amended. See "Part II, Item 1, Legal Proceedings"
below.  As a direct  result of this pending  matter,  management  of Trinity has
notified  us that they do not wish to  proceed  with the  proposed  merger.  See
"Liquidity and Capital Resources" below for a discussion of what we intend to do
in the future as a result of this SEC matter.

     Costs of sales were  $1,881  during the six month  period  ended  March 31,
2002, compared to $8,630 during the similar period in 2001, a decrease of $6,749
(78.2%).  This  was due  primarily  to the  decrease  in  marketing  efforts  as
described above.

     Selling,  general and  administrative  expenses were $30,265 during the six
month  period  ended March 31,  2002,  compared  to $155,884  during the similar
period in 2001, a decrease of $125,619 (80.6%).  This decrease was due primarily
to a decrease in advertising  and promotion  expense,  payroll expense and rent,
but was offset by our  incurring  increased  legal fees relating to the proposed
merger with Trinity.  Our management  has attempted to limit our  administrative
expenses due to our severe lack of working  capital by moving our  operations to
the home of Mr. Johnson and otherwise curtail spending.

LIQUIDITY AND CAPITAL RESOURCES

     At March 31, 2002, we had $4,077 in cash. We had  approximately  $15,959 in
inventory and $57,491 in accounts  receivable,  including inventory which we had
shipped to Trinity in contemplation of completing the merger. However, as of the
date of this Report this inventory has been returned.  Other than  approximately
$16,000 in additional  golf club parts, we had no other material  assets,  other
than our intellectual properties described elsewhere herein.

     At March 31, 2002, we had outstanding notes payable to nonaffiliates in the
principal  amount of  $370,600.  All of these  notes are due within one year and
bear interest at from 7.25% to 15% per annum.  We have  accounts  payable due in
the amount of $230,139. In addition,  there is an aggregate principal balance of
$165,679 due to two of our officers and directors. These obligations include the
following:

     On December  21,  1999,  Heritage  Real Estate  Development  Corp.  Defined
Benefit  Pension Plan and Trust (the  "Heritage  Trust") loaned us the principal
sum of  $45,200.  The  Heritage  Trust is a pension  plan to which  John  Arney,
Secretary and a director of our company,  is trustee and beneficiary.  This loan
accrued interest at the rate of 15% per annum and was due December 21, 2000. The
applicable  loan  provided  for a  conversion  feature,  wherein  the  loan  was
convertible  into shares of our common stock at a conversion  price of $1.20 per
share.

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<PAGE>



     On October 16, 2000, we  renegotiated  the terms of this loan. As a result,
the  Heritage  Trust  currently  holds two  separate  notes.  One note is in the
principal amount of $40,000,  which is secured by 25 complete regulation sets of
graphite  Freedom  golf  clubs  including  logo head  covers  and is  personally
guaranteed by our President, Gaylen Johnson. This note was due March 6, 2001 and
accrues interest at the rate of 15% per annum, except in the event of a default,
when the interest rate increases to 18% per annum.  Relevant thereto,  a revised
note was  written to show an  interest  increase  to 18% per annum and a new due
date of September  15, 2001. As additional  consideration  for the  renegotiated
loan,  during the period ended  December  31, 2000,  we issued a stock option in
favor of Heritage Trust whereby it has the option to purchase  266,667 shares of
our common  stock at an  exercise  price of $.15 per share  through  December 3,
2003.

     The second  note  related to this  refinancing  is in the amount of $10,850
which is the balance of the principal and interest amount due under the original
$45,200  note.  $40,000 of the  original  note of $45,200 was repaid to Heritage
Trust in November 2000,  leaving a balance due of $10,850,  including  $5,200 in
principal,  plus $5,650 in interest. This note also accrues interest at the rate
of 15% per annum,  with a default  interest rate of 18% per annum.  This note is
not secured but is guaranteed by our President,  Gaylen  Johnson.  This note was
due February 15, 2001, was revised and extended to September 15, 2001.

     Additionally,  on December 17, 1999, Heritage Trust loaned us the principal
amount of $20,000,  which  accrued  interest at the rate of 10% per annum with a
default  interest rate of 18% per annum.  This note was due January 17, 2000. On
June 1, 2001, this loan was  renegotiated and a new note issued in the principal
amount of $22,916,  representing the original principal amount of $20,000,  plus
interest  to June 1,  2001 at the rate of 10% per  annum.  The June 1, 2001 note
bears interest at the rate of 15% per annum and had a maturity date of September
15, 2001. As additional  consideration  for the  renegotiated  loan,  during the
period ended  December  31, 2000,  we issued a stock option in favor of Heritage
Trust whereby it has the option to purchase  152,773  shares of our common stock
at an exercise price of $.15 per share through December 3, 2003.

     No formal extension of the aforesaid notes has been executed as of the date
of this Report.  However,  we have reached a verbal  agreement  with Mr.  Arney,
wherein he has agreed to extend both notes  under the same terms and  conditions
as existed  prior to the maturity date of each note until the earlier of (i) the
closing of the Trinity Merger; or (ii) June 30, 2002.

     In  addition,  our  President,  Gaylen  Johnson,  individually,  has  three
personal  loans to us. One note is for $5,500 dated  October 29,  1998,  one for
$10,000 dated August 9, 1999 and the third in the

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<PAGE>



principal amount of $50,000, dated September 3, 2000, which Mr. Johnson obtained
through  his line of credit  with Key Bank.  Since  September  3, 2000,  we have
repaid the interest on this loan directly to Key Bank.  In addition,  the amount
of $17,726 has been deducted from the  principal  balances due Mr.  Johnson as a
result of certain advances made to him by us. All of these loans accrue interest
at the rate of 10% per annum and Mr.  Johnson  has agreed to extend  these loans
until such time as we are in a position to repay the notes.  If we are unable to
secure financing, we may not be able to continue to service the interest payment
due Key Bank.  As of March 31, 2002,  we also have accrued  $305,747 in past due
salaries due to Mr. Johnson.

     If the  proposed  Trinity  Merger  is  not  successfully  consummated,  our
management has  recognized  that, in order to allow us to implement our business
strategy it will be necessary for us to raise additional equity capital of up to
$2 million.  We are currently  exploring other available funding  opportunities,
but as of the date of this Report,  no definitive  agreement or arrangement  has
been reached with any person or entity, who has agreed to provide funding to us.

     We intend to continue our discussions with investment bankers and others to
provide or assist in providing additional financing.  However, as of the date of
this Report,  we do not have any written  commitments for any financing,  and no
assurance can be given that we will obtain any such financing. Failure to obtain
additional  capital into our company  will force  management  to further  reduce
expense,  if possible,  which may affect our ability to  implement  our business
plan. If we are not  successful,  it is doubtful that we will be able to survive
and we will be forced to liquidate.

TRENDS

     Because of the  difficulty we have been  experiencing  in raising  capital,
implementation  of our  business  plan  has  been  delayed.  In  spite  of  this
difficulty, we previously anticipated that our revenues would increase beginning
in February  2001,  which  increase we believe is reflected in the total revenue
increase which we experienced  during the nine month period which ended June 30,
2001. We believe our revenue flow will continue to be inconsistent through 2002,
but we  anticipate  that our  revenues  will  increase in the summer and fall of
2002, if we are able to secure adequate funding for our operations, complete and
air our 30 minute  infomercial  for our Freedom 345 golf club,  and our products
are accepted by the golfing  market.  Each of these  assumptions  are subject to
numerous  contingencies  and our actual  results  will  likely  differ  from our
expectations, which differences could be material.

     In addition to the above  risks,  we also  understand  that new designs and
changes from traditional  lines of golf clubs may meet with consumer  rejection.
We have planned our manufacturing

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<PAGE>



capabilities  based upon our forecasted  demand for our products.  Actual demand
for such products may exceed or be less that our  forecasted  demand.  If we are
unable to  produce  sufficient  quantities  of our golf clubs in time to fulfill
actual  demand,  such  inability  may limit our sales and  adversely  affect our
financial performance.

INFLATION

     Although our operations are influenced by general economic  conditions,  we
do not believe that inflation had a material affect on our results of operations
during the six month period ended March 31, 2002.

                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

     In April 2002, we were advised by the staff at the Miami, Florida office of
the  Securities  and Exchange  Commission  that it intended to recommend  that a
civil  action be  commenced  against us and Gaylen  Johnson,  individually,  our
President.  The SEC is alleging  that both we and Mr.  Johnson have violated the
anti-fraud  provisions  included  under the  Securities Act of 1933, as amended.
These  allegations  relate to  various  "A"  Warrants  which were  exercised  to
purchase  shares of our common stock in 2000. As of the date of this Report,  no
recommendation has yet been made by the SEC's Miami office and we are engaged in
discussions with the same. Based upon the information currently available to us,
it is both our  position and Mr.  Johnson's  opinion  that the  allegations  are
without merit and would be vigorously  defended,  if we had  sufficient  capital
available to be able to pay  attorneys to represent  us, which we do not.  Based
upon our  conversations  with the SEC,  our  total  exposure  in this  matter is
approximately  $170,000,  the amount which we received  from the exercise of the
aforesaid warrants.

     We are unaware of any other threatened or pending matters against us.

ITEM 2. CHANGES IN SECURITIES - None

Subsequent Event

     In April 2002, we issued 10,000 shares of our common stock in favor of Gary
Carter, one of our directors,  pursuant to our prior agreement wherein we agreed
to issue Mr. Carter  10,000  shares of our common stock for every  tournament of
Celebrity  Players Tour in which he finishes in the top 10 and 50,000  shares of
our common stock to one unaffiliated  person, in exchange for services valued at
$5,000  ($.10 per  share).  These  shares  which were  issued were valued at the
market price of our common stock at the time of issuance. We relied

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<PAGE>



upon the exemption from  registration  provided by Section 4/2 of the Securities
Act of 1933, as amended, to issue these shares.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES - NONE

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

     NONE

ITEM 5. OTHER INFORMATION - None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K -

     (a) Exhibits

         None

     (b) Reports on Form 8-K

         None


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<PAGE>



                            Freedom Golf Corporation
                                  Balance Sheet
                                 March 31, 2002
                                   (Unaudited)

                         ASSETS                                   March 31,
                         ------                                     2002
                                                                 ----------
Current assets:
  Cash                                                           $    4,077
  Accounts receivable - trade, net of $500 bad debt reserve             308
  Other Accounts Receivable                                          57,491
  Inventory                                                          15,959
  Deposit                                                                 -
      Total current assets                                           77,836
                                                                 ----------
Property and equipment, at cost, net of
  accumulated depreciation of $12,772                                 2,856

Patents, net of accumulated amortization of $24,448                  75,552
                                                                 ----------
                                                                 $  156,243
                                                                 ==========
           LIABILITIES AND STOCKHOLDERS' EQUITY
           ------------------------------------

Current liabilities:
  Note payable - bank                                            $    8,599
  Notes payable - others                                            359,438
  Notes payable - related party                                     113,766
  Accounts payable - trade                                          230,262
  Advances from officer                                              52,296
  Advances from affiliate
  Accrued salaries -officer                                         305,747
  Accrued interest - related party                                   13,938
  Accrued interest                                                   67,634
  Accrued expenses                                                    8,767
                                                                 ----------
      Total current liabilities                                   1,160,446

Stockholders' equity:
 Common stock, $.001 par value,
  50,000,000 shares authorized,
  13,911,542 shares issued and outstanding                           13,912
 Additional paid-in capital                                       2,406,802
 Unearned services                                                 (237,500)
 Accumulated deficit                                             (3,187,416)
                                                                 ----------
                                                                 (1,004,203)
                                                                 ----------
                                                                 $  156,243
                                                                 ==========

           See accompanying notes to unaudited financial statements.

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<PAGE>
<TABLE>
                                   Freedom Golf Corporation
                                   Statements of Operations
                 Three Months and Six Months Ended March 31, 2002 and 2001
                                        (Unaudited)

<CAPTION>
                                                  Three Months Ended      Six Months Ended
                                                       March 31,              March 31,
                                                   2002        2001        2002        2001
                                                ----------  ----------  ----------  ----------
<S>                                             <C>         <C>         <C>         <C>
Sales, net                                      $    2,387  $   78,777  $    5,682  $  106,884
Cost of sales                                        1,881       8,630       4,599      19,834
                                                ----------  ----------  ----------  ----------
Gross profit                                           506      70,147       1,083      87,050

Selling, general and administrative expenses        30,265     155,884     127,811     261,588
                                                ----------  ----------  ----------  ----------
Income (loss) from operations                      (29,759)    (85,737)   (126,728)   (174,538)

Other income and (expense):
  Interest expense                                 (15,356)     (4,944)    (30,490)    (12,937)
  Other income                                           1          54           6          67
                                                ----------  ----------  ----------  ----------
                                                   (15,355)     (4,890)    (30,484)    (12,870)

Income (loss) before income taxes                  (45,113)    (90,627)   (157,211)   (187,408)
Provision for income taxes                               -           -           -           -
                                                ----------  ----------  ----------  ----------

Net income (loss)                               $  (45,113) $  (90,627) $ (157,211) $ (187,408)
                                                ==========  ==========  ==========  ==========


Basic and fully diluted earnings (loss) per share:

 Net income (loss)                              $    (0.00) $    (0.01) $    (0.01) $    (0.01)
                                                ==========  ==========  ==========  ==========

 Weighted average shares outstanding            13,911,542  13,860,983  13,911,542  13,793,278
                                                ==========  ==========  ==========  ==========
</TABLE>

                   See accompanying notes to unaudited financial statements.

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<PAGE>


                            Freedom Golf Corporation
                            Statements of Cash Flows
                    Six Months Ended March 31, 2002 and 2001
                                   (Unaudited)

                                                                Six Months Ended
                                                                       March 31,
                                                           2002        2001
                                                        ----------  ----------

Net income (loss)                                       $ (157,210) $ (187,408)
  Adjustments to reconcile net income (loss) to net
   cash provided by operating activities:
  Common stock issued for services                               -           -
   Depreciation and amortization                             5,073       4,998
   Interest added to loan balance                                -       5,650
Changes in assets and liabilities:
    (Increase) decrease in accounts receivable                  (0)    (63,324)
    (Increase) decrease in other accounts receivable       (67,491)          -
    (Increase) decrease in inventory                       164,001     (75,840)
    (Increase) decrease in prepaid expenses                  2,000      38,800
   Increase (decrease) in accounts payable                  (4,102)     48,705
    Increase (decrease) in accrued salaries                  5,180     (21,868)
    Increase (decrease) in accrued expenses                 23,815       5,462
                                                        ----------  ----------
       Total adjustments                                   128,476     (57,417)
                                                        ----------  ----------
  Net cash provided by
   operating activities                                    (28,734)   (244,825)
                                                        ----------  ----------
Cash flows from investing activities:
  Sale of fixed assets                                       1,770        (749)
                                                        ----------  ----------
  Net cash (used in)
   investing activities                                      1,770        (749)

Cash flows from financing activities:
   Common stock sold for cash                               35,452      77,623
   Repayment of bank loan                                   (2,713)     (3,255)
   Proceeds from notes payable                               2,369     157,762
   Repayment of notes payable                               (4,067)     (2,153)
                                                        ----------  ----------
  Net cash (used in)
   financing activities                                     31,041     229,977
                                                        ----------  ----------
Increase (decrease) in cash                                  4,076     (15,597)
Cash and cash equivalents,
 beginning of period                                             -      15,597
                                                        ----------  ----------
Cash and cash equivalents,
 end of period                                          $    4,076  $        -
                                                        ==========  ==========

            See accompanying notes to unaudited financial statements.

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<PAGE>

                            Freedom Golf Corporation
                     Notes to Unaudited Financial Statements
                                 March 31, 2002

          The accompanying  unaudited financial statements have been prepared in
          accordance with generally accepted  accounting  principles for interim
          financial  information  and  with the  provisions  of  Regulation  SB.
          Accordingly,  they do not include all of the information and footnotes
          required by  generally  accepted  accounting  principles  for complete
          financial  statements.  In the opinion of management,  all adjustments
          (consisting of normal recurring adjustments)  considered necessary for
          a fair  presentation  have been included.  These financial  statements
          should  be  read  in  conjunction  with  information  provided  in the
          Company's report on Form 10-K for the year ended September 30, 2001.

          The  results  of  operations   for  the  periods   presented  are  not
          necessarily  indicative  of the  results to be  expected  for the full
          year.

          Income (loss) per share was computed using the weighted average number
          of common shares outstanding.

          During the six months ended March 31, 2002, the Company received gross
          proceeds from the sale of common stock aggregating $35,000. The shares
          were sold at a price of $.10 per share,  which was  equivalent  to the
          trading value common stock at the sale date.



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<PAGE>


                                   SIGNATURES


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

                                        FREEDOM GOLF CORPORATION
                                        (Registrant)

                                        Dated: May 20, 2002


                                        By:s/ Gaylen P. Johnson
                                           ----------------------------------
                                           Gaylen P. Johnson, President




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