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: December 31, 2001

                           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)


                        7334 South Alton Way, Bldg. 14-A
                            Englewood, Colorado 80112
                                (Former Address)


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 February 14, 2002, was 13,911,542 shares.


<PAGE>



                                     PART I

ITEM 1. FINANCIAL STATEMENTS.

     Our unaudited financial  statements for the three months ended December 31,
2001, 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 three  month  periods  ended
December 31, 2001 and 2000.

     Total  revenues  decreased  from  $28,107 in the three month  period  ended
December 31, 2000, to $3,295 in 2001, a decrease of $24,812 (88.3%).  We believe
that this decrease was  attributable  to the fact that we have not completed our
infomercial  for our Freedom 345 golf club.  We have put the  completion  of the
infomercial on hold until the prospective merger between our company and Trinity
Golf, Inc. is either completed or abandoned.  Until this occurs, we have put all
marketing  efforts on hold,  principally  because we have  ceased  fund  raising
activities and have no available  capital with which to undertake such marketing
activities.  Costs of sales were  $2,718  during the three  month  period  ended
December  31,  2001,  compared to $11,204  during the similar  period in 2000, a
decrease of $8,486 (75.7%).  This was due primarily to the decrease in marketing
efforts as described above.


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<PAGE>



     Selling,  general and administrative expenses were $97,546 during the three
month period ended  December 31, 2001,  compared to $105,704  during the similar
period in 2000,  a decrease  of  $8,158(7.7%).  This  nominal  decrease  was due
primarily to a decrease in advertising and promotion expense, as well as payroll
expense,  but was offset by our incurring  increased  legal fees relating to the
proposed merger with Trinity.

LIQUIDITY AND CAPITAL RESOURCES

     At December  31,  2001,  we had $1,589 in cash,  $16,172 in  inventory  and
approximately  $91,000 in accounts receivable.  We had no other material assets,
other than our intellectual properties described elsewhere herein.

     Also  at  December  31,  2001,   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, who are also
directors of our company. 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.

     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

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<PAGE>



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  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 December
31, 2001, we also have accrued $304,784 in past due salaries due to Mr. Johnson.

     In February 2001, we commenced a self-underwritten,  "best efforts" private
offering of convertible  debentures,  each debenture  convertible into shares of
our common stock at a conversion price of $.50 per share. The debentures  accrue
interest at the rate of 15% per annum and principal and accrued  interest is due
18 months from receipt and acceptance by us of the relevant subscription. We

                                        4

<PAGE>



raised  $75,000  in  this  Offering.  If  the  Trinity  Merger  is  successfully
consummated,  the  holders of these  Debentures  have  agreed to  convert  their
Debentures  into shares of our common  stock at a  conversion  price of $.15 per
share, the same conversion price offered to certain of our creditors.

     If the  proposed  Trinity  Merger  is  not  successfully  consummated,  our
management has  recognized  that, in order to allow us to implement our business
strategy  discussed in "Part I, Item 1,  Description of Business" above, 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 reduce  expense,
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,
we anticipate  that our revenues will increase in the spring and summer 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  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.

                                        5

<PAGE>



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 three month period ended December 31, 2001.

                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS - None

ITEM 2. CHANGES IN SECURITIES

     During the three month period ended December 31, 2001, we sold an aggregate
of 350,000  shares of our common stock for gross  proceeds of $35,000  ($.10 per
share).  The shares were sold to 3 persons who were  previously  shareholders of
our  company.  These  shares were valued at quoted  market price at the date the
share issuance was approved by our board of directors.  Additionally, the holder
of a note in the  amount of $5,952  elected to  convert  the note to equity.  He
received 59,520 shares of our common stock upon conversion ($.10 per share)

     In each  situation  described  above,  we relied  upon the  exemption  from
registration  afforded 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
                                December 31, 2001
                                   (Unaudited)

                          ASSETS                              December 31,
                          ------                                  2001
                                                              ------------
Current assets:
  Cash                                                        $      1,589
  Accounts receivable - trade                                          308
  Due from Affiliate                                                90,997
  Inventory                                                         16,172
                                                              ------------
      Total current assets                                         109,066
Property and equipment, at cost, net of
  accumulated depreciation of $11,902                                4,821
Deposit                                                              2,000
Patents, net of accumulated amortization of $22,781                 77,219
                                                              ------------
                                                              $    193,105
                                                              ============
             LIABILITIES AND STOCKHOLDERS' EQUITY
             ------------------------------------

Current liabilities:
  Note payable - bank                                         $      9,977
  Notes payable - others                                           360,623
  Notes payable - related party                                    113,766
  Accounts payable - trade                                         230,139
  Advances from president                                           51,913
  Accrued salaries president                                       304,784
  Accrued interest - related party                                  11,210
  Accrued interest                                                  56,797
  Accrued expenses                                                  12,986
                                                              ------------
      Total current liabilities                                  1,152,195
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                                            (3,142,303)
                                                              ------------
                                                                  (959,090)
                                                              $    193,105
                                                              ============

            See accompanying notes to unaudited financial statements.



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<PAGE>


                            Freedom Golf Corporation
                            Statements of Operations
                  Three Months Ended December 31, 2001 and 2000
                                   (Unaudited)

                                                     Three Months Ended
                                                         December 31,
                                                   ------------------------
                                                      2001          2000
                                                   ----------    ----------

Sales, net                                         $    3,295    $   28,107
Cost of sales                                           2,718        11,204
                                                   ----------    ----------
Gross profit                                              577        16,903

Selling, general and administrative expenses           97,546       105,704
                                                   ----------    ----------
Income (loss) from operations                         (96,969)      (88,801)

Other income and (expense):
  Interest expense                                    (15,134)       (7,993)
  Other income                                              5            13
                                                   ----------    ----------
                                                      (15,129)       (7,980)

Income (loss) before income taxes                    (112,098)      (96,781)
Provision for income taxes                                  -             -
                                                   ----------    ----------

Net income (loss)                                  $ (112,098)   $  (96,781)
                                                   ==========    ==========


Basic and fully diluted earnings (loss) per share:
 Net income (loss)                                 $    (0.01)   $    (0.01)
                                                   ==========    ==========

 Weighted average shares outstanding               13,911,542    13,725,573
                                                   ==========    ==========

            See accompanying notes to unaudited financial statements.


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<PAGE>



                            Freedom Golf Corporation
                            Statements of Cash Flows
                  Three Months Ended December 31, 2001 and 2000
                                   (Unaudited)
                                                         Three Months Ended
                                                            December 31,
                                                       ---------------------
                                                          2001       2000
                                                       ---------   ---------

Net income (loss)                                      $(112,097)  $ (96,781)
  Adjustments to reconcile net income (loss) to net
   cash provided by operating activities:
  Common stock issued for services                             -           -
   Depreciation and amortization                           2,536       2,499
   Interest added to loan balance                              -       5,650
Changes in assets and liabilities:
    (Increase) decrease in accounts receivable                (0)      1,318
    (Increase) decrease in other accounts receivable    (100,997)          -
    (Increase) decrease in inventory                     163,788     (84,926)
    (Increase) decrease in prepaid expenses                    -      38,800
    Increase (decrease) in accounts payable               (4,225)      2,157
    Increase (decrease) in accrued salaries                4,217     (13,175)
    Increase (decrease) in accrued expenses               14,469       2,737
                                                       ---------   ---------
       Total adjustments                                  79,788     (44,940)
                                                       ---------   ---------
  Net cash provided by operating activities              (32,309)   (141,721)
                                                       ---------   ---------
Cash flows from investing activities:
  Sale of fixed assets                                       675           -
                                                       ---------   ---------
  Net cash (used in) investing activities                    675           -

Cash flows from financing activities:
   Common stock sold for cash                             35,452      70,000
   Repayment of bank loan                                 (1,335)     (1,594)
   Proceeds from notes payable                             1,986      70,000
   Repayment of notes payable                             (2,881)    (12,282)
                                                       ---------   ---------
  Net cash (used in) financing activities                 33,223     126,124
                                                       ---------   ---------

Increase (decrease) in cash                                1,589     (15,597)
Cash and cash equivalents,
 beginning of period                                           -      15,597
                                                       ---------   ---------
Cash and cash equivalents,
 end of period                                         $   1,589   $       -
                                                       =========   =========


            See accompanying notes to unaudited financial statements.

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<PAGE>



                            Freedom Golf Corporation
                     Notes to Unaudited Financial Statements
                                December 31, 2001

     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 three months ended December 31, 2001, 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:  February 19, 2002


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





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