10QSB

                       Securities and Exchange Commission
                                Washington, D.C.
 .........
(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
    OF 1934
       For the quarterly period ended September 30, 2001



[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934
       For the transition period from __________ to ____________

                                                     6189
                                           (Commission file number)


                          Snake River Properties, Inc.
          (Exact name of small business issuer as specified in its charter)



              Colorado                           33-0903751
 (State or other jurisdiction                   (IRS Employer
 of incorporation or organization)            Identification No.)




     28577 Caminito Pasadero, Suite 420              92590
     San Diego, CA                                   (Zip Code)
  (Address of principal executive offices)



(619) 992-7192
(Issuer's telephone number

 Not Applicable
(Former name, former address and former fiscal year,
 if changed since last report)

                      APPLICABLE ONLY TO CORPORATE ISSUERS

             State the number of shares outstanding of each of the issuer's
classes of common equity, as of latest practicable date: 5,063,000 shares of
Common Stock, no par value per share, as of September 30, 2001.

Transitional Small Business Disclosure Format (Check one):Yes [] No [x]

                                     Page 1

<PAGE>

                          PART I. FINANCIAL INFORMATION

Item 1...         Financial Statements

<TABLE>
<CAPTION>
                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)

                                  Balance Sheet
                                   (Unaudited)
                               September 30, 2001


                                     ASSETS

                                                              September 30, 2001   December 31, 2001
                                                                 (Unaudited)          (Audited)


<S>                                                                      <C>                  <C>
CASH.............................................................        $58                  $3,683
EQUIPMENT, less accumulated depreciation of $75..................        470                     500
                                                                     -------                 -------
                                                                        $528                 $39,163
                                                                     =======                 =======

                                                SHAREHOLDERS' EQUITY

PREFERRED STOCK,  no par value, 10,000,000 shares authorized;
- 0 shares issued and outstanding................................          -                       -

COMMON STOCK, no par value; 750,000,000 shares authorized;
- 5,063,000 shares issued and outstanding (Note C)...............     94,000                  94,000

ACCUMULATED RETAINED DEFICIT
($94,072 accumulated during the development stage)...............    (94,072)                (90,417)

ADDITIONAL PAID CAPITAL (Note B).................................        600                     600
                                                                    --------                --------
                                                                        $528                 $39,163
                                                                    ========                ========
</TABLE>






        See accompanying summary of significant accounting policies and
                         Notes to Financial Statements

                                     Page 2

<PAGE>



<TABLE>
<CAPTION>

                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)

                             Statement of Operations
                                   (Unaudited)

                    April 1, 2001 Through September 30, 2001


                                                                  Sept. 30, 2001       Dec. 31, 2001
                                                                     (unaudited)           (audited)
OPERATING EXPENSES

<S>                                                                       <C>                <C>
         Professional Fees.......................................         $1,250             $37,650
         Depreciation expenses...................................             15                  45
         Travel..................................................              0               4,141
         Registration and Filing Fees............................              0               1,872
         Other...................................................             33               6,708
                                                                        --------             -------
                                        TOTAL OPERATING EXPENSES           $1298             $50,416
                                                                        --------             -------
                                            LOSS FROM OPERATIONS        ($1,298)           ($50,416)


INCOME TAX EXPENSE                                                             0                   0
                                                                        --------            --------

                                                        NET LOSS        ($1,298)          $   50,416
                                                                        ========          ==========


Basis loss per common share......................................             $*                  $*


Basic weighted average common shares outstanding.................      5,063,000           5,063,000
                                                                       =========           =========

*  Less than $.01 per share
</TABLE>



        See accompanying summary of significant accounting policies and
                         Notes to Financial Statements


                                     Page 3

<PAGE>

<TABLE>
<CAPTION>


                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)

                             Statement of Cash Flows
                                   (Unaudited)

                    April 1, 2001 Through September 30, 2001


                                                                  Sept. 30, 2001       Dec. 31, 2000
<S>                                                                      <C>               <C>
OPERATING ACTIVITIES
         Net loss................................................       $(1,298)           $(50,416)
                                                                       ---------      --------------

                                               NET CASH (USED IN)
                                             OPERATING ACTIVITIES       $(1,298)            (50,416)
                                                                       ---------      --------------

FINANCING ACTIVITIES
         Investment equipment Depreciation.......................             15                  45
         Payments for offering costs.............................              0                   0
                                             NET CASH PROVIDED BY
                                             FINANCING ACTIVITIES             15                   0
                                                                       ---------      ==============


Cash and cash equivalents, beginning of period
                         CASH AND CASH EQUIVALENTS, END OF PERIOD             58              54,100
                                                                       ---------      --------------
                                                                           1,283               3,684
                                                                       ---------      --------------

                              CHANGE IN CASH AND CASH EQUIVALENTS          1,341              50,416
                                                                       =========      ==============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
         Interest................................................              0                   0
                                                                       =========      ==============
         Income taxes............................................              0                   0
                                                                       ---------      --------------
</TABLE>



        See accompanying summary of significant accounting policies and
                         Notes to Financial Statements


                                     Page 4

<PAGE>

                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS


NOTE A:  NATURE OF ORGANIZATION

                                   Background
The  company  was  incorporated  under  the laws of  Colorado  on June 6,  1989.
Following   incorporation  the  Company  remained  an  inactive  shell  company.
Effective  April  10,  2000,  the  Company  entered  the  development  stage  in
accordance with SFAS No. 7. The Company's  principal  activities since April 10,
2000 have  consisted of  organizational  maters and the sale of its no par value
common stock.

                              Amendment to Articles
On April 10, 2000, the Company filed amended articles of incorporation  with the
State of  Colorado,  at which time the  Company  revised  Article  XI,  Board of
Directors.  The Board  consists of one director who is also the President of the
Company.

NOTE B:  INCOME TAXES
<TABLE>

A reconciliation of the U.S. statutory federal income tax rate to the effective
rate is as follows:


                                                                                 Sept. 30, 2001
                                                                                ---------------
<S>                                                                                      <C>
      U.S. federal statutory graduated rate......................                        15.00%
      State income tax rate, net of federal benefit..............                         7.51%
      Offering costs.............................................                        13.13%
      Net operating loss for which no tax benefit
         is currently available..................................                       -35.64%
                                                                                ---------------
                                                                                          0.00%
                                                                                ===============

</TABLE>

At September 30, 2001, deferred taxes consisted of a net tax asset of $33,069,
due to operating loss carryforwards of $ 92,788, which was fully allowed for in
the valuation allowance of $33,069. The valuation allowance from April 10, 2000
(inception) through September 30, 2001 was $33,069. Net operating loss
carryforwards will expire through 2021.

The valuation allowance will be evaluated at the end of each year, considering
positive and negative evidence about whether the asset will be realized. At that
time, the allowance will either be increased or reduced; reduction could result
in the complete elimination of the allowance if positive evidence indicates that
the value of the deferred tax asset is no longer impaired and the allowance is
no longer required.


                                     Page 5

<PAGE>



NOTE C:  SHAREHOLDERS' EQUITY

Common stock

In May 2000, the Company conducted a private placement  offering whereby it sold
63,000  shares of its no par value common stock for $1.00 per share  pursuant to
an exemption  from  registration  claimed  under  Sections  4(2) and 4(6) of the
Securities  Act of 1933, as amended,  and  Regulation D promulgated  thereunder.

Following its original incorporation in June 1989, the Company issued 40,000,000
shares of its no par value  common  stock to an officer as payment for  services
related  to the  organization  and  start-up  of the  Company.  The value of the
transaction could not be objectively measured as the services were rendered by a
related party. The transaction was recorded at a nominal value of $40,000 ($.001
per share) as there was no market  price for the  Company's  common stock on the
date of issuance.

Reverse stock split

On April 7, 2000, the Board of Directors authorized an 8 to 1 reverse split of
the Company's no par value common stock, effective on that date. As a result of
the split, the Company's outstanding common shares were reduced from 40,000,000
to 5,000,000. All per share and shares outstanding data in the accompanying
financial statements have been restated to reflect the reverse split.


                                     Page 6


<PAGE>




                          SNAKE RIVER PROPERTIES, INC.
                          (A Development Stage Company)

                   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

                            Development stage company

Snake River  Properties,  Inc. (the "Company")  entered the development stage in
accordance with Financial  Accounting  Standards  Board  Statements of Financial
Accounting Standards (SFAS) No. 7 "Accounting and Reporting by Development Stage
Enterprises" on June 6, 1989 upon incorporation.  The Company operates as a real
estate investment firm.

                                Use of estimates

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

                                Cash equivalents

For the  purposes of the  statement  of cash flows,  the Company  considers  all
highly  liquid debt  instruments  purchased  with an original  maturity of three
months or less to be cash equivalents.

                           Equipment and depreciation

Equipment is stated at cost.  Equipment is depreciated over its estimated useful
life using the straight-line method.

Upon  retirement or  disposition  of the furniture and  equipment,  the cost and
accumulated depreciation are removed from the accounts and any resulting gain or
loss is reflected in operations.  Repairs and maintenance are charged to expense
as incurred and expenditures for additions and improvements are capitalized.

                              Web site development

The  Company  expenses  all  internal  and  external  costs  incurred to develop
internal-use computer software.  As a development stage company,  management has
determined  there is no  assurance  that the web site will  provide  substantive
service potential to the Company.

                                  Income taxes

Income taxes are provided  for the tax effects of  transactions  reported in the
financial  statements  and consist of taxes  currently due plus  deferred  taxes
related  primarily to  differences  between the recorded  book basis and the tax
basis of assets and  liabilities  for  financial and income tax  reporting.  The
deferred tax assets and liabilities represent the future tax return consequences
of those differences, which will either be taxable or deductible when the assets
and liabilities are recovered or settled. Deferred taxes are also recognized for
operating  losses that are  available to offset  future  taxable  income and tax
credits that are available to offset future federal income taxes.


Income taxes are  computed  under the  provisions  of the  Financial  Accounting
Standards  Board  (FASB)  Statement  109 No. (SFAS 109),  Accounting  for Income
Taxes. SFAS 109 is an asset and liability approach that requires the recognition
of deferred tax assets and liabilities for the expected future tax  consequences
of the difference in events that have been recognized in the Company's financial
statements compared to the tax returns.

                                     Page 7

<PAGE>

                            Earnings/(loss) per share

The  Company  reports  loss per  share  using a dual  presentation  of basic and
diluted loss per share. Basic loss per share excludes the impact of common stock
equivalents.  Diluted loss per share utilizes the average market price per share
when applying the treasury stock method in determining common stock equivalents.
However,  the Company has a simple  capital  structure for the period  presented
and,  therefore,  there is no variance  between  the basic and diluted  loss per
share.

                       Fair value of financial instruments

SFAS 107,  "Disclosure  About Fair  Value of  Financial  Instruments,"  requires
certain  disclosures  regarding  the fair value of  financial  instruments.  The
Company's only financial instrument at September 30, 2000 was cash.

                           Cash and Cash Equivalents.

For purposes of the statements of cash flows,  The Company  considers all highly
liquid debt  securities  purchased  with  maturity of three months or less to be
cash equivalents.

                         Investment in Equity Securities

Equity  securities  are considered  available-for-sale,  and are carried at fair
value,  with  unrealized  gains and losses  reported in a separate  component of
stockholders' equity under Accumulated Other Comprehensive Income.

                          Concentrations of Credit Risk

Financial instruments,  which potentially subject the Company to a concentration
of credit risk, are cash and cash equivalents and accounts receivable.

                             Property and Equipment

Property and  equipment,  consisting of  furnishings  and equipment  used in its
current   operations,   is  stated  at  cost,  less  accumulated   depreciation.
Depreciation  is begun when the assets are placed in service and computed  using
the  straight-line  method over the estimated useful lives of the assets,  which
range from five to seven years.

                                Long-Lived Assets

Long-lived  assets  to be held and used are  reviewed  for  impairment  whenever
events or changes in circumstances indicate that the related carrying amount may
not be recoverable.  When required,  impairment  losses on assets to be held and
used are recognized based on the fair value of the asset.  Long-lived  assets to
be disposed  of, if any,  are  reported at the lower of carrying  amount or fair
value less cost to sell.

                                  Sales Revenue

Revenues  from sales are  recorded  when the  collection  of sales  proceeds  is
reasonably  assured  and all  other  material  conditions  of the sales are met.
Income on contracts in excess of one month is deferred and  recognized  monthly,
pro-rata, over the term of the agreement.

                                     Page 8


<PAGE>


                                   Advertising

Advertising costs are charged to operations in the year incurred.

                        Basic Net Income (Loss) per Share

Basic net income  (loss) per common share is computed by dividing the net income
or loss  available  to Common  stockholders  by the weighted  average  number of
Common  shares  outstanding  during  each  period.  There  were no common  stock
equivalents  as of the periods  ended  September 30, 2001 and December 31, 2000.
Net  income  or loss per share for the  periods  presented  above are based on a
weighted  average  number of  shares  outstanding  of  5,063,000  and  5,063,000
(adjusted  for a  one-for-eight  reverse  split)  during the three months ended,
September 30, 2001 and 2000, respectively.

                                Use of Estimates

The preparation of financial  statements in conformity  with generally  accepted
accounting  principles  requires  management to make estimates and  assumptions.
These  estimates  and  assumptions  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 revenues  and expenses
during the reporting period. Actual results could differ from those estimates.

                             Risks and Uncertainties

The company is a start up company subject to the substantial  business risks and
uncertainties  inherent  to such an  entity,  including  the  potential  risk of
business failure.

The accompanying  financial  statements have been prepared  assuming the Company
will continue as a going concern,  which  contemplates,  among other things, the
realization  of assets and  satisfaction  of liabilities in the normal course of
business.  The Company's losses from operations  through  September 30, 2001 and
lack of operational history,  among other matters, raise substantial doubt about
it's  ability  to  continue  as a going  concern.  The  Company  intends to fund
operations through equity financing  arrangements which management believes will
be sufficient to fund its capital expenditures, working capital requirements and
other cash  requirements.  There is no  assurance  the  Company  will be able to
obtain  sufficient  additional  funds  when  needed,  or  that  such  funds,  if
available, will be obtainable on terms satisfactory to the Company.

The future of the Company's operations depends in part on it's sale of
additional shares through a private placement memorandum.


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

Safe Harbor Statement

Certain  statements in this Form 10-QSB,  including  information set forth under
Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations constitute `forward-looking  statements' within the meaning of the
Private  Securities  Litigation Reform Act of 1995 (the "Act").  Forward-looking
statements in this Form 10-QSB or hereafter included in other publicly available
documents  filed with the  Securities  and Exchange  Commission,  reports to our
stockholders and other publicly  available  statements  issued or released by us
involve  known and unknown  risks,  uncertainties  and other factors which could
cause our actual results,  performance  (financial or operating) or achievements
to differ from the future  results,  performance  (financial  or  operating)  or
achievements  expressed  or implied  by such  forward-looking  statements.  Such
future results are based upon  management's  best  estimates  based upon current
conditions and most recent results of operations.


                                     Page 9

<PAGE>


Plan of Operation

The  Company's  management  intends  to seek  funding  from a variety of sources
including  private  placements of its stock,  public  offerings of its stock, as
well as debt financing.  Additionally,  business combinations with entities with
significant  cash  will  be  considered.  However,  there  can  be no  assurance
management will be successful in these endeavors.

For the twelve  month  period from  January 1, 2001 to  December  31, 2001 it is
anticipated,  absent the  Company's  obtaining  other  sources of  liquidity  as
described above, the Company's primary funding for ongoing  corporate  expenses,
such as legal and  accounting  fees and filing  fees,  will be  provided  by the
private sale of the Company's securities.

The Company's  management  is commencing  discussions  with  investment  bankers
pertaining to a stair step  financing  plan.  This will  encompass  initial seed
capital,  a first and second  level of  private  placements,  bridge  financing,
mezzanine financing and an eventual initial public offering.  However, there can
be no assurance management will be successful in these endeavors.

Liquidity and Capital Resources

Going Concern. The accompanying financial statements have been prepared assuming
the Company will continue as a going concern. The Company has suffered recurring
losses from operations and at December 31, 2000, had a working capital  deficit.
The financial  statements do not include any adjustments  that might result from
the outcome of this uncertainty.

                           PART II. OTHER INFORMATION


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

     The Company is not engaged in any legal  proceedings  except  litigation in
the ordinary course of its business. In the opinion of management, the amount of
ultimate  liability with respect to any such proceedings will not be material to
the Company's financial position or results of operations.

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

         None

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

         None

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

     No matters were submitted to a vote of the security  holders of the Company
during its fiscal quarter ended September 30, 2001.

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

         None.

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

         (a)......Exhibits

                  None

         (b)......Reports on Form 8-K.

                  No reports on Form 8-K were filed by the Company during the
fiscal quarter ended September 30, 2001.


                                    Page 10

<PAGE>


                                   SIGNATURES

         In accordance with the requirements of the Securities Exchange Act, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized

 Snake River Properties, Inc.

 Date:................         By:    /s/______________________________
                               Mark W. Moniak
                               Chairman, Chief Executive Officer and President