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 March 31, 2002.

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

                         Commission File Number: 1-1767

                                GLOBAL DECS CORP.
                  --------------------------------------------
                 (Name of small business issuer in its charter)

         Utah                                                87-0267213
 ----------------------                             ---------------------------
(State of Incorporation)                           (I.R.S. Employer I.D. Number)

               3300 Inverrary Blvd., Suite E, Lauderhill, Florida  33319
                     --------------------------------------      --------
                    (Address of Principal executive offices)    (Zip Code)

                    Issuer's telephone number (954) 714-1040

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act 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       No   X
                                    -----     -----

Applicable only to issuers involved in bankruptcy proceedings during the past
five years

Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.

                                 Yes       No
                                    -----    -----

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 practicable date. At 5/01/02 the following shares of
common were outstanding: Common Stock, $0.001 par value, 80,836,075 shares.

Transitional Small Business Disclosure
Format (Check one):
                                 Yes       No  X
                                    -----    -----
Exhibits are indexed at page 10.


<PAGE>



                         PART 1 - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

     (a) The financial statements of registrant for the three months ended March
31, 2001, follow. The financial statements reflect all adjustments which are, in
the opinion of management, necessary to a fair statement of the results for the
interim period presented.



                                GLOBAL DECS CORP.
                          (A Development Stage Company)

                              FINANCIAL STATEMENTS
                          Quarter Ended March 31, 2002



                                    CONTENTS


     Balance Sheet                                                          2
     Statements of Operations                                               3
     Statements of Cash Flows                                               4
     Notes to Financial Statements                                          5


                                        1

<PAGE>



                                GLOBAL DECS CORP.
                          (A Development Stage Company)
                                  Balance Sheet
                      March 31, 2002 and December 31, 2001




                                                        Unaudited
                                                        March 31    December 31
                                     ASSETS               2002         2001
                                                          ----         ----
CURRENT ASSETS

     Cash and cash equivalents                          $      68    $      68
                                                        ---------    ---------
        Total current assets                                   68           68

PATENTED MINING CLAIMS - Note A
                                                        ---------    ---------
        Total Assets                                    $      68    $      68
                                                        =========    =========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

     Accounts payable-trade                             $  45,784    $  45,784

     Accounts payable-other
                                                        ---------    ---------
            Total current liabilities                      45,784       45,784

STOCKHOLDERS' EQUITY
     Common Stock - par value $.001;
        100,000,000 shares authorized; issued and
        outstanding, 80,836,075 in 2001 and
        2,352,975 in 2000                                  80,836       80,836
     Common stock - escrow - Note B                       (72,196)     (72,196)
     Additional paid-in capital                           370,202      370,202
     Deficit accumulated during development stage        (424,558)    (424,558)
                                                        ---------    ---------
            Total Stockholders' Equity                    (45,716)     (45,716)
                                                        ---------    ---------

            Total Liabilities and Stockholders' Equity  $      68    $      68
                                                        =========    =========


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


                                        2

<PAGE>
<TABLE>
<CAPTION>


                                        GLOBAL DECS CORP.
                                  (A Development Stage Company)
                                     Statement of Operations
                     From August 19, 1907 (inception) through March 31, 2002
                     and for the Three Months Ended March 31, 2001 and 2002




                                            Three Months Ended March 31,    From August 19, 1907
                                             -------------------------      (Inception) through
                                                2002          2001             March 31, 2002
                                                ----          ----             --------------

<S>                                          <C>           <C>                  <C>
REVENUES                                     $         0   $         0          $         0

OPERATING COSTS AND EXPENSES

     General, selling and administrative               0            95              450,543
                                             -----------   -----------          -----------

OTHER INCOME (EXPENSES)

     Gain from settlement of debt - Note A             0             0
                                             -----------   -----------          -----------
            Loss before income taxes                   0           (95)            (424,558)

Provision for income taxes                          --            --                   --
                                             -----------   -----------          -----------
            NET LOSS                         $         0   ($       95)         ($  424,558)
                                             ===========   ===========          ===========


Earnings (Loss Per Share)
Basic loss per share                         $      --     $      --
                                             ===========   ===========
Diluted loss per share                       $      --     $      --
                                             ===========   ===========
Weighted average common shares
outstanding                                   41,594,525     8,137,000
                                             ===========   ===========


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

                                                3
</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                                               GLOBAL DECS CORP.
                                         (A Development Stage Company)
                                            Statement of Cash Flows
                            From August 19, 1907 (inception) through March 31, 2002
                            and for the Three Months Ended March 31, 2001, and 2002



                                                      Three Months Ended March 31,       From August 19, 1907
                                                       --------------------------        (Inception) through
                                                           2002           2001              March 31, 2002
                                                           ----           ----              --------------

Cash flows from operating activities
     <S>                                               <C>            <C>                    <C>
     Net loss                                          ($        0)   ($       95)           ($  424,558)

Adjustments to reconcile net income to net cash
     provided by operating activities:
        Depreciation and amortization
        Noncash compensation                                                                      32,743
        Valuation adjustment of mining claims                                                     60,000

Changes in assets and liabilities

        Increase (decrease) in accounts payable                                                   45,784
                                                       -----------    -----------            -----------
        Total adjustments                                        0              0                138,527
                                                       -----------    -----------            -----------
        Net cash used by operating activities                    0            (95)              (286,031)

Cash flows from investing activities                             0              0                      0

Cash flows from financing activities
     Proceeds from issuance of common stock                                                      286,099
                                                       -----------    -----------            -----------
Net increase (decrease) in cash and cash equivalents             0            (95)                    68

Cash and cash equivalents at beginning of period                68             95                      0
                                                       -----------    -----------            -----------
Cash and cash equivalents at end of period             $        68    $         0            $        68
                                                       ===========    ===========            ===========
Supplemental cash flow information:
-----------------------------------

Cash paid during the period for interest               $         0    $         0            $         0
                                                       ===========    ===========            ===========
Cash paid during the period for income taxes           $         0    $         0            $         0
                                                       ===========    ===========            ===========


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


                                                       4
</TABLE>

<PAGE>



                                GLOBAL DECS CORP.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                      March 31, 2002 and December 31, 2001
                                   (Unaudited)

NOTE A  -  NATURE OF OPERATIONS AND SUMMARY OF
           ACCOUNTING POLICIES

Global DECS Corp. (the "Company"), formerly known as The Gold Chain Mining
Company, a development stage company, was incorporated under the laws of the
state of Utah on August 19, 1907. The Company was formed to explore and develop
mining properties and has been engaged in these activities since inception.
Production on acquired patented mining claims has never commenced and the
Company has therefore been considered in the development stage. Its principal
activities have consisted of financial planning, establishing sources of
production and supply, developing markets, and raising capital. Its principal
operations have not started and the Company has no present sources of
significant revenues. Realization of a major portion of its assets and
satisfaction of its liabilities is dependent upon the Company's ability to meet
its future financing requirements and the success of future operations. These
factors raise substantial doubt about the Company's ability to continue as a
going concern. The financial statements do not include any adjustments that
might arise as a result of this uncertainty.

There have been changes in the authorized common capital stock and the par value
since inception. On June 29, 2001, the Company authorized an increase in the
total amount of authorized common stock to one hundred million (100,000,000)
shares and a change in the par value from $0.01 to $0.001 per share. On
September 28, 2001, the company amended its Articles of Incorporation to change
its name from The Gold Chain Mining Company to Global DECS Corp. The Company
also obtained a new Cusip number and changed its trading symbol from otcbb:GOCH
to otcbb:GDEC.

On June 29, 2001, the Company entered into a Plan and Agreement of
Reorganization (the "Plan") by share exchange with Emission Controls Corp., a
Colorado corporation ("ECC"). Pursuant to the Plan, ECC was to acquire control
of the Company by purchasing the controlling stockholders' control shares for
cash and securities. The Company preliminarily issued 17,195,850 shares of
common stock for the transaction, which were held in escrow pending completion
of the reorganization. The Plan was subsequently rescinded on October 24, 2001.
The 17,195,850 shares remained outstanding as of December 31, 2001.

On November 7, 2001, the Company signed an assignment agreement with a foreign
investment company to acquire all rights, title and interest in and to an asset
purchase agreement with a medical technology company intending to develop and
distribute certain medical products. On November 20, 2001, the Company filed a
Form 8-K to report the asset purchase agreement. The agreement requires the
Company to issue fifty-five million (55,000,000) shares of the Company's
restricted common stock in exchange for irrevocable assignment to the Company of
all right, title and interest in the medical technology asset purchase contract.
The agreement was never consummated and subsequently rescinded.

                                        5

<PAGE>


On March 27, 2002, the Company filed a Form 8-K wherein it reported transfer of
50,100,000 shares of its previously issued common stock to a foreign corporation
in exchange for certain contacts and referrals in the yachting industry. On
March 19, 2002, the Company approved a stock purchase agreement for the
acquisition of a German corporation engaged in the design, distribution and sale
of custom made yachting products.

On May 16, 2002, pursuant to a legal action by certain of the Company's
shareholders, a Settlement Agreement and Release was entered into wherein the
55,000,000 shares issued in November, 2001, is to be returned to the Company,
all directors and officers appointed since November 2, 2001 resign and all
contracts entered into since November 2, 2001 are rescinded. See Note E,
Subsequent Events for material transactions following the settlement.

1.   Cash and Cash Equivalents
     -------------------------

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

2.   Patented Mining Claims
     ----------------------

On June 29, 2001, as part of the exchange required by the intended Plan and
agreement of Reorganization, the Company transferred ownership of its 29
patented mining claims to a former controlling shareholder and related party, in
exchange for the full cancellation of the Company's accounts payable to that
related party. These claims covered 151 acres in the Tintic Mining District,
Juab County, Utah. The Company and its predecessors in interest had established
the existence of a commercially viable ore deposit: however, full production had
not started and all mining activities were inactive after 1995. No value was
recognized for these claims resulting in a gain on settlement of debt.

3.    Revenue Recognition
      -------------------

The Company currently has no significant revenues as it is still in the
development stage.

4.    Income Taxes
      ------------

Deferred income taxes are provided on temporary differences between the tax
basis of an asset or liability and its reported amount in the financial
statements that will result in taxable or deductible amounts in future years.
Deferred income tax assets or liability are determined by applying the presently
enacted tax rates and laws.

5.   Use of Estimates
     ----------------

In preparing financial statements in conformity with generally accepted
accounting principles, management is required to make estimates and assumptions
that affect certain reported amounts and disclosures, accordingly, actual
results could differ from those estimates.

                                        6

<PAGE>


6.   SEC Filings
     -----------

The Company is delinquent in its required filings with the Securities and
Exchange Commission.

NOTE B  -  COMMON STOCK

Compensation. In September, 2001, the Company issued 900,000 of its common stock
registered under its Form S-8, to a consultant in lieu of other compensation. In
October and November 2001, the Company issued a total of 1,887,250 shares on
stock to several individuals for consulting services.

On November 2, 2001, the company issued an additional 3,500,00 shares of common
stock, registered under its Form S-8, to two consultants in exchange for legal
and other services. Under the terms of the Legal Settlement and Release dated
May 16, 2002, these issuances are valid.

Other. On October 1, 2001, the Company issued 17,195,180 shares of its common
stock to a corporation to be held in escrow. Such stock is being held by the
Company's transfer agent pending instructions from the Company. On November 19,
2001, the Company issued 55,000,000 shares of its common stock pursuant to a
contract dated November 19, 2001. Under the terms of the Legal Settlement and
Release dated May 16, 2002, the entire 55,000,000 shares is to be returned to
the Company for cancellation. As of the audit date, the Company's transfer agent
was in possession of the certificate awaiting direction from the Company.

Escrow. As of December 31, 2001, a total of 72,195,180 shares were held in an
escrow account reflected in these financial statements as a contra-equity
account in the equity section of the balance sheet. See Note E - Subsequent
Events for subsequent material transactions.

NOTE  C -  INCOME TAXES

The Company's effective income tax benefit for the periods ended March 31, 2001
and 2002 are as follows:

                                                            2002         2001
                                                            ----         ----
     Income tax benefit at federal statutory rate        $ 144,350    $ 119,372
     Change in valuation allowance                        (144,350)    (119,372)
                                                         ---------    ---------

                                                         $    --      $    --

Components of deferred tax assets at March 31, 2001 and 2002 as follows:

     Assets
       Net operating loss carryforward                   $ 144,350    $ 119,372
       Valuation allowance                                (144,350)    (119,372)
                                                         ---------    ---------

                                                         $    --      $    --


                                        7

<PAGE>


The valuation allowance increased $32 for the period ended March 31, 2000 and $0
for the period ended March 31, 2001.

A valuation allowance is provided for deferred tax assets when it is more likely
than not that some portion or all of the deferred tax assets will not be
realized. At March 31, 2001 and 2002, the Company has a net deferred tax asset
mainly related to a net operating loss carryforward. As such carryforward can
only be used to offset future taxable income, management has fully reserved this
net deferred tax asset with a valuation allowance until it is more likely than
not that taxable income will be generated.

NOTE D - RELATED PARTY TRANSACTIONS

In September, 2001, the Company satisfied its account payable to a related party
in the amount of $24,405 by quitclaiming all of its interest in and to the 29
patented mining claims referred to in Note A above.

NOTE E - SUBSEQUENT EVENTS

Pursuant to the Settlement Agreement and Release dated May 16, 2002, the
55,000,000 share certificate issued in November, 2001, has been cancelled. An
additional 1,335,524 shares of common stock issued in July, 2001, in conjunction
with the Plan and Agreement of Reorganization has been cancelled.


                                        8

<PAGE>


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

     The Company is in the development stage and has no significant operations.

Results of Operations

     During the period from August 19, 1907 (inception) through March 31, 2002,
the Company has accumulated a deficit of $424,558. During this period, the
Company has engaged in no significant operations other than organizational
activities, acquisition of capital, compliance with its periodical reporting
requirements, limited mineral and mining properties acquisitions, and recent
efforts to locate a suitable merger or acquisition candidate. No revenues were
received by the Company during this period.

     For the fiscal year ending December 31, 2002, the Company anticipates
incurring a loss as a result of expenses associated with compliance with the
reporting requirements of the Securities Exchange Act of 1934, and expenses
associated with locating and evaluating acquisition candidates. The Company
anticipates that until a business combination is completed with an acquisition
candidate, it will not generate revenues. It may also continue to operate at a
loss after completing a business combination, depending upon the performance of
the acquired business.

Plan of Operations and Need for Additional Financing

     During the fiscal year ending December 31, 2002, the Company plans to
continue with efforts to seek, investigate, and, if warranted, acquire one or
more properties or businesses. The Company also plans to file all required
periodical reports and to maintain its status as a fully-reporting Company under
the Securities Exchange Act of 1934. In order to proceed with its plans for the
next year, it is anticipated that the Company will require additional capital in
order to meet its cash needs. These include the costs of compliance with the
continuing reporting requirements of the Securities Exchange Act of 1934, as
amended, as well as any costs the Company may incur in seeking business
opportunities.

     No specific commitments to provide additional funds have been made by
management or other stockholders, and the Company has no current plans,
proposals, arrangements or understandings with respect to the sale or issuance
of additional securities prior to the location of a merger or acquisition
candidate. Accordingly, there can be no assurance that any additional funds will
be available to the Company to allow it to cover its expenses. Notwithstanding
the foregoing, to the extent that additional funds are required, the Company
anticipates receiving such funds in the form of advancements from current
shareholders without issuance of additional shares or other securities, or
through the private placement of restricted securities rather than through a
public offering.


                                        9

<PAGE>



                         PART 2 - FINANCIAL INFORMATION

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

(a)  There are no Exhibits filed as part of this Quarterly Report.

(b)  One report on Form 8-K were filed by the Company during this quarter ending
     March 31, 2002. The Form was filed on March 27, 2002 and reported under
     Item 1,2 and 5 the change of control and entering into of an asset
     acquisition agreement with a custom made yacht company and a change in the
     board of directors and management of the Company pursuant to that
     agreement.

SIGNATURES

     In accordance with Section 13 or 15(d) of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                                            GLOBAL DECS CORP.


                                            By:  /s/  Jimmy L. Mitchell
                                               --------------------------------
                                                      Jimmy L. Mitchell
                                                      Treasurer and Chief
                                                      Financial Officer

                                            Dated: August 29, 2002


                                       10

<PAGE>


                                  CERTIFICATION

     I, Jimmy L. Mitchell, Treasurer and Chief Financial Officer of Global DECS
Corp., certify that:

1.   I have reviewed this quarterly report on Form 10-KSB of Global DECS Corp.;

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; and

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.

Date: August 29, 2002


By:  /s/  Jimmy L. Mitchell
   -------------------------------
          Jimmy L. Mitchell
          Treasurer and Director




     I, Willard G. Weins, President and Chief Executive Officer of Global DECS
Corp., certify that:

1.   I have reviewed this quarterly report on Form 10-KSB of Global DECS Corp.;

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; and 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.

Date: August 29, 2002


By:  /s/  Willard G. Weins
   -------------------------------
          Willard G. Weins
          President and Director


                                       11