UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB








[X]QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
   1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2002


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

Commission File Number: 000-49891

                         The Electric Network.com, Inc.
                         ------------------------------
             (Exact name of registrant as specified in its charter)
Nevada                                                               33-0860242
------                                                               ----------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

#208-800 North Rainbow Boulevard, Las Vegas, Nevada                      89107
------------------------------------------------------------------------ ------
(Address of principal executive offices)                             (Zip Code)

                                 (702) 948-5072
                                 --------------
              (Registrant's Telephone Number, Including Area Code)


                      APPLICABLE ONLY TO CORPORATE ISSUERS


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practical date. As of November 11, 2002 there were
10,600,000 shares of the issuer's no par value common stock issued and
outstanding.








                                       1
<PAGE>







                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements





The Electric Network.com, Inc.
(A Development Stage Company)
Balance Sheets



<TABLE>
<CAPTION>
<S>                                                                          <C>                 <C>
                                                                         September 30,      December 31,
                                                                             2002               2001
                                                                              $                  $
                                                                          (unaudited)         (audited)

Assets

Current Assets

Cash                                                                           19,089             6,391
Prepaid expense                                                                   175                 -
--------------------------------------------------------------------------------------------------------

Total Assets                                                                   19,264             6,391
--------------------------------------------------------------------------------------------------------


Liabilities and Stockholders' Equity

Current Liabilities

Accounts payable                                                                    -                 3
Accrued liabilities                                                               800             1,800
Advances payable to a related party (Note 3)                                    5,000             5,100
--------------------------------------------------------------------------------------------------------

Total Liabilities                                                               5,800             6,903
--------------------------------------------------------------------------------------------------------


Stockholders' Equity

Common Stock, 100,000,000 common shares authorized with a par value of
$0.001; 10,600,000 and 10,000,000 issued and outstanding respectively          10,600            10,000

Paid-in Capital                                                                59,400                 -

Donated Capital (Note 3)                                                       13,200            10,500
--------------------------------------------------------------------------------------------------------

                                                                               83,200            20,500

Deficit Accumulated During the Development Stage                              (69,736)          (21,012)
--------------------------------------------------------------------------------------------------------

Total Stockholders' Equity                                                     13,464              (512)
--------------------------------------------------------------------------------------------------------

Total Liabilities and Stockholders' Equity                                     19,264             6,391
--------------------------------------------------------------------------------------------------------
</TABLE>



Contingency (Note 1)




 (The accompanying notes are an integral part of the financial statements)

                                       2
<PAGE>



The Electric Network.com, Inc.
(A Development Stage Company)
Statements of Operations
(unaudited)



<TABLE>
<CAPTION>
<S>                                            <C>                    <C>                          <C>
                                           Accumulated
                                               From
                                         February 3, 1999          Three Months                Nine Months
                                       (Date of Inception)            Ended                       Ended
                                         to September 30,         September 30,               September 30,
                                               2002             2002         2001          2002          2001
                                                $                $            $             $              $

Revenue                                            -                    -            -             -              -
--------------------------------------------------------------------------------------------------------------------

Expenses

Accounting and audit                           5,075                  975            -         3,275              -
Consulting fees                               14,200                6,280            -        14,200              -
Donated overhead (Note 3)                      4,400                  300          300           900            900
Donated services (Note 3)                      8,800                  600          600         1,800          1,800
Legal and organizational                      33,044                    -          481        25,000            481
Office                                         2,822                  758            -         2,154             70
Transfer agent and regulatory                  1,395                    -            -         1,395            200
--------------------------------------------------------------------------------------------------------------------

                                              69,736                8,913        1,381        48,724          3,451
--------------------------------------------------------------------------------------------------------------------

Net Loss for the Period                      (69,736)              (8,913)      (1,381)      (48,724)        (3,451)
--------------------------------------------------------------------------------------------------------------------


Basic Loss Per Share                                                    -            -         (0.01)             -
--------------------------------------------------------------------------------------------------------------------


Weighted Average Shares Outstanding                            10,600,000   10,000,000    10,333,000     10,000,000
--------------------------------------------------------------------------------------------------------------------
</TABLE>


(Diluted loss per share has not been presented as the result is anti-dilutive)









 (The accompanying notes are an integral part of the financial statements)

                                       3
<PAGE>



The Electric Network.com, Inc.
(A Development Stage Company)
Statements of Cash Flows
(unaudited)




                                                                Nine Months
                                                                  Ended
                                                              September 30,
                                                          2002             2001
                                                           $                $

Cash Flows to Operating Activities

Net Loss for the Period                                 (48,724)         (3,451)

Adjustments to reconcile net loss to cash
Donated overhead                                            900             900
Donated services                                          1,800           1,800

Less non-cash working capital items
Increase in prepaid expense                                (175)              -
Decrease in accounts payable                                 (3)            (59)
Increase (decrease) in accrued liabilities               (1,000)              -
-------------------------------------------------------------------------------
Net Cash Used by Operating Activities                   (47,202)           (810)
-------------------------------------------------------------------------------

Cash Flows From Financing Activities

Proceeds from issuance of shares                         60,000               -
Proceeds from (repayment to) related party                 (100)              -
-------------------------------------------------------------------------------
Net Cash From Financing Activities                       59,900               -
-------------------------------------------------------------------------------

Increase (Decrease) in Cash                              12,698           (810)

Cash - Beginning of Period                                6,391           7,569
-------------------------------------------------------------------------------

Cash - End of Period                                     19,089           6,759
-------------------------------------------------------------------------------

Non-Cash Financing Activities                                 -               -
-------------------------------------------------------------------------------
Supplemental Disclosures

Interest paid                                                 -               -
Income tax paid                                               -               -





 (The accompanying notes are an integral part of the financial statements)

                                       4
<PAGE>






The Electric Network.com, Inc.
(A Development Stage Company)
Notes to the Financial Statements


1.   Development Stage Company

     The Electric Network.com, Inc. herein (the "Company") was incorporated in
     the State of Nevada, on February 3, 1999. Since inception the company has
     developed an internet-based business model and is currently in the process
     of developing a strategy to build its website and auction software. Once
     this strategy has been finalized development of the website and software
     will begin. The intention is to develop a website that allows thousands of
     users to browse, bid on and buy items listed on the website. The website is
     also intended to offer users two auction formats, live and expiration. The
     live auction model requires users to be logged in at a specified time to
     participate in the auction whereas the expiration auction is similar to
     eBay Inc., where the seller sets a date when the auction will end. There
     are various revenue streams that are involved with an online auction such
     as:

     o   Listing fees
     o   Add-on fees
     o   Buyer's premium
     o   Advertising
     o   Software license agreements

     The Company is in the early development stage. In a development stage
     company, management devotes most of its activities in developing a market
     for its products and services. Planned principal activities have not yet
     begun. The ability of the Company to emerge from the development stage with
     respect to any planned principal business activity is dependent upon its
     successful efforts to raise additional equity financing and/or attain
     profitable operations. There is no guarantee that the Company will be able
     to raise any equity financing or sell any of its products and services at a
     profit. There is substantial doubt regarding the Company's ability to
     continue as a going concern.

     The Company has raised $75,000 as start-up capital. On February 3, 1999, a
     total of $10,000 was raised by issuing 10,000,000 shares at $0.001 per
     share pursuant to a Regulation D, Rule 504 Offering. A total of $5,000 was
     raised pursuant to a loan from the President of the Company. In April, 2002
     the Company issued 600,000 shares at $0.10 per share for cash proceeds of
     $60,000 pursuant to a private placement memorandum. The Company's officers
     have committed to fund ongoing operations if the Company is unable to raise
     adequate financing. The Company filed a 10SB Registration Statement with
     the United States Securities and Exchange Commission.


2.   Summary of Significant Accounting Policies

     (a) Year End

         The Company's fiscal year end is December 31.

     (b) Cash and Cash Equivalents

         The Company considers all highly liquid instruments with a maturity of
         three months or less at the time of issuance to be cash equivalents.

     (c) Revenue Recognition

         The Company will receive and recognize revenue as users post items for
         sale and also when items are purchased on the website. Users will be
         obligated to pay a listing fee for their items to be placed in the
         auction directory. This fee is determined by the price of the item, a
         larger priced item will reflect a larger listing fee. When an item is
         sold through the auction website the buyer must pay a premium in the
         form of a percentage of the final sale price and once again a higher
         percentage will be charged for higher priced items. The listing fee and
         commission revenue will be recognized in the period the fee or
         commission is earned. This policy is prospective in nature as the
         Company has not yet generated any revenues.



                                       5
<PAGE>




2.   Summary of Significant Accounting Policies (continued)

     (d) Use of Estimates

         The preparation of financial statements in conformity with U.S.
         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
         revenues and expenses during the periods. Actual results could differ
         from those estimates.

     (e) Interim Financial Statements

         These interim financial statements have been prepared on the same basis
         as the annual financial statements and in the opinion of management,
         reflect all adjustments, which include only normal recurring
         adjustments, necessary to present fairly the Company's financial
         position, results of operations and cash flows for the periods shown.
         The results of operations for such periods are not necessarily
         indicative of the results expected for a full year or for any future
         period.


3.   Related Party Transactions/Balances

     The business plan the Company currently intends to exploit was developed by
     the President of the Company on behalf of the Company. There was no charge
     to the Company for these services valued at $200 per month. Rent and office
     costs valued at $100 per month were paid for by this related party at no
     cost to the Company. These services and costs are treated as donated
     capital and charged to operations.

     A loan of $5,000 is due back to the President of the Company on an
     unsecured, non-interest bearing, demand basis.


4.   Commitments

     Effective April 1, 2002 the Company entered into a month to month financial
     services contract with an arms length company. This company will provide
     financial services at a rate of $2,000 per month plus reimbursement of
     out-of-pocket expenses.

     Effective May 1, 2002 the Company entered into a premises lease in Nevada
     at a rate of $99 per month.


                                       6
<PAGE>


Item 2. Management's Discussion and Plan of Operation

This following information specifies certain forward-looking statements of
management of the company. Forward-looking statements are statements that
estimate the happening of future events are not based on historical fact.
Forward-looking statements may be identified by the use of forward-looking
terminology, such as "may", "shall", "will", "could", "expect", "estimate",
"anticipate", "predict", "probable", "possible", "should", "continue", or
similar terms, variations of those terms or the negative of those terms. The
forward-looking statements specified in the following information have been
compiled by our management on the basis of assumptions made by management and
considered by management to be reasonable. Our future operating results,
however, are impossible to predict and no representation, guaranty, or warranty
is to be inferred from those forward-looking statements.


The assumptions used for purposes of the forward-looking statements specified in
the following information represent estimates of future events and are subject
to uncertainty as to possible changes in economic, legislative, industry, and
other circumstances. As a result, the identification and interpretation of data
and other information and their use in developing and selecting assumptions from
and among reasonable alternatives require the exercise of judgment. To the
extent that the assumed events do not occur, the outcome may vary substantially
from anticipated or projected results, and, accordingly, no opinion is expressed
on the achievability of those forward-looking statements. No assurance can be
given that any of the assumptions relating to the forward-looking statements
specified in the following information are accurate, and we assume no obligation
to update any such forward-looking statements.

We were incorporated in Nevada on February 3, 1999. We are a development stage
business that has not yet commenced operations. We hope to be in the business of
serving as an Internet marketplace where consumers and entrepreneurs can meet to
buy, sell or exchange goods and services, or almost anything with a perceived
value that can be sold over the internet. While we eventually hope to develop an
Internet auction marketplace that is global in scope, we plan to launch our
business operations on a much smaller level. Specifically, we are developing our
proposed website and software to be used in the Seattle, Washington area such
that only Seattle-area residents will be able to participate in the online
auctions we plan to host during our first few months of operation.

For the nine month period ending September 30, 2002.

Liquidity and Capital Resources. Our only assets at September 30, 2002, were
cash of $19,089, and prepaid expenses of $175, for a total of $19,264. In April
2002, we conducted a private placement offering of 600,000 shares of our common
stock for which we received proceeds of $60,000. Also, in April 2002, we entered
into a commitment with an arm's length company for financial services that will
require a future cash outlay of $2,000 per month. Our president also made us an
advance payable of $5,000, which bears no interest and is payable on demand. In
May 2002, we entered into a lease for our office space at the rate of $99 month.
Our total liabilities were approximately $5,800 as of September 30, 2002, were
represented by accrued liabilities of $800 and advances payable to a related
party of $5,000.





                                       7
<PAGE>


Operating Expenses. For the period ended September 30, 2002, our operating
expenses were $48,724. This was represented by accounting and audit expenses of
$3,257, along with $14,200 in consulting fees, $900 was represented by donated
overhead, and $1,800 was represented by donated services. We also had $25,000 in
legal and organizational expenses, $2,154 in office expenses and $1,395 in
transfer agent and regulatory fees. In comparison, for the nine month period
ended September 30, 2001, our operating expense were $3,451, represented mostly
by donated services of $1,800. The large increase in operating expenses is due
to the change in emphasis on our business direction. Before seeking to develop
our current proposed business of online auction services, our initial intent was
to seek to provide secure Internet, Intranet and Extranet solutions for the
global distribution needs of potential clients. From our inception on February
3, 1999, to September 30, 2002, our cumulative operating expenses have been
$69,736.

Results of Operations. For the nine months ended September 30, 2002, we realized
no revenue from operations. Our cumulative net loss from our inception on
February 3, 1999 to September 30, 2002 was $69,736. Our net loss for the nine
months ended September 30, 2002 was $48,724. We anticipate that we will begin
realizing revenues by Q4 2003 as we anticipate that our operations will commence
by Q3 2003. Our prediction regarding when we will begin realizing revenue is
subject to many contingencies, including, but not limited to: unforeseen delays
in the design of our first line of services; downturn in economic trends;
increased cost of operating; and loss of key management.

For the fiscal year ending December 31, 2001.

Liquidity and Capital Resources. Our only assets at December 31, 2001 were
represented by cash of $6,391 compared to $7,569 at December 31, 2000, which was
also represented by cash of that amount. Our total liabilities were
approximately $6,903 as of December 31, 2001, which was represented by accounts
payable of $3, accrued liabilities of $1,800 and advances payable of $5,100.

Operating Expenses. For the year ended December 31, 2001, our operating expenses
were $5,194. These expenses were represented by $600 for accounting and audit
expenses, $1,200 for donated overhead, $2,400 for donated services, $921 for
legal and organizational expenses, and $73 for office expenses. This is compared
to $7,804, which was represented by $600 for accounting and audit expenses,
$1,200 for donated overhead, $2,400 for donated services, $3,437 for legal and
organizational expenses and $167 for office expenses. During the year ended
December 31, 2001, our expenses decreased to $5,194 due to having to expend less
on legal and organizational expenses. From our inception on February 3, 1999, to
September 30, 2002, our operating expenses have been $60,823.

Results of Operations. For the year ended December 31, 2001, we realized no
revenue from operations. Our net loss for the year ended December 31, 2001 was
$5,194. We anticipate that we will begin realizing revenues after we commence
operations using our proposed website. Our prediction regarding when we will
begin realizing revenue is subject to many contingencies, including, but not
limited to: unforeseen delays in the design of our first line of services;
downturn in economic trends; increased cost of operating; and loss of key
management.

Our Plan of Operation for the Next Twelve Months. As of September 30, 2002 we
had $19,098 in cash resources and $175 in prepaid expenses. We believe that our
current cash resources are not sufficient to pay our operating expenses through
the next twelve months. There is no guarantee that we will be able to raise the
funds we need to pay those operating expenses through that period. However, we
anticipate that our officers and directors will fund our operations should the
need arise. Our forecast of the period of time through which our financial
resources will be adequate to support our operations is a forward-looking
statement that involves risks and uncertainties, and actual results could vary
as a result of a number of factors. Such factors will include those factors
discussed below. In addition, we may experience delays in deploying our website.
If we are not able to bring our website online as quickly as expected, our
ability to earn revenue will be harmed, because our only source of revenue will
be for listings on our website. If we are unable to earn revenues, our current
resources will be strained to cover any revenue shortfall.

Our plan of operation is materially dependent on our ability to complete the
development of our website and raise additional capital to market our services
by means of our proposed website. We believe that we will need approximately
$15,000.00 to market our services. Within the next twelve months, we must
complete the design and development of our website. We believe we need



                                       8
<PAGE>




approximately $30,000.00 to complete the design and development of our website.
We have hired a third party to complete the development of our website. In April
2002, we entered into a contract with an arm's length company for financial
services to be provided to us at a cost of $2,000 per month. We hope to be able
to commence operations and generate revenues by December 2003. Finally, we may
need to raise additional working capital either through the sale of our capital
stock or through loans. There is no guarantee that we will be able to raise
additional capital through the sale of our common stock. Moreover, there is no
guarantee that we will be able to arrange for loans on favorable terms, or at
all.

We expect to use our current cash resources to pay the following expenses:
website development, legal and accounting and initial marketing expenses. Our
inability to access the capital markets or obtain acceptable financing could
have a material adverse effect on our results of operations and financial
condition. To the extent that additional capital is raised through the sale of
equity or equity-related securities, the issuance of such securities could
result in dilution of our stockholders. We cannot guaranty that additional
funding will be available on favorable terms. If adequate funds are not
available within the next 12 months, we may be required to limit our proposed
website development activities or to obtain funds through entering into
arrangements with collaborative partners. If adequate funds are not available,
we believe that our officers and directors will contribute funds to pay for our
expenses. Our belief that our officers and directors will pay our expenses is
based on the fact that our officers and directors collectively and beneficially
own 990,000 shares of our common stock, which equals approximately 9.34% of our
total issued and outstanding common stock. We believe that our officers and
directors will continue to pay our expenses as long as they maintain their
ownership of our common stock. If our officers and directors loan us operating
capital, we will either execute promissory notes to repay the funds or issue
stock to those officers and directors. We have not formulated specific repayment
terms. We will negotiate the specific repayment terms and whether repayment will
be in the form of stock when, and if, funds are advanced by any of our officers
and directors.



                                       9
<PAGE>



Once our software has been completely developed, we anticipate that we will then
focus much of our efforts on the marketing of our services to individuals and
businesses. We believe that our management and contractors that we anticipate
hiring will contact several leads and meet with these clients to help build our
service.


Item 3. Controls and Procedures

(a) Evaluation of disclosure controls and procedures. We maintain controls and
procedures designed to ensure that information required to be disclosed in the
reports that we file or submit under the Securities Exchange Act of 1934 is
recorded, processed, summarized and reported within the time periods specified
in the rules and forms of the Securities and Exchange Commission. Based upon
their evaluation of those controls and procedures performed within 90 days of
the filing date of this report, our chief executive officer and the principal
financial officer concluded that our disclosure controls and procedures were
adequate.

(b) Changes in internal controls. We made no significant changes in our internal
controls or in other factors that could significantly affect these controls
subsequent to the date of the evaluation of those controls by the chief
executive officer and principal financial officer.

                          PART II -- OTHER INFORMATION

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

None.

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

None.

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

None.

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

None.

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

None.

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

None.



                                       10
<PAGE>






                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned in the City of Las Vegas, Nevada, on November 11, 2002.


The Electric Network.com, Inc.


By:      /s/ Stephen Hanson
         --------------------------------------------
         Stephen Hanson
Its:     Chief Executive Officer and Chief
         Financial Officer




                                       11
<PAGE>




CERTIFICATIONS
--------------

I, Stephen Hanson, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of The Electric
Network.com, Inc.

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

         a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date
         of this quarterly report (the "Evaluation Date"); and

         c) presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):

         a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         b) any fraud, whether or not material, that
         involves management or other employees who have a significant role in
         the registrant's internal controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: November 11, 2002



/s/ Stephen Hanson
----------------------
Stephen Hanson
Chief Executive Officer
and Chief Financial Officer