FORM 10-QSB
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

(Mark One)

[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
                For the quarterly period ended September 30, 2005
                                       OR

[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
                     For the transition period from      to
                          Commission File No. 333-72376

                            WEBB MORTGAGE DEPOT, INC.

             (Exact name of registrant as specified in its charter)

Florida                                                               65-0920373

(State or other jurisdiction of                                 (I.R.S. Employer
incorporation or organization)                               Identification No.)

4546 SW Bimini Circle South Palm City, FL                                  34990

(Address of principal executive office)                               (Zip Code)

Registrant's telephone number, including area                     (800) 952-8706
code:

                   155 Wilson Lake Road Mooresville, NC 28117

    Former name, former address and former fiscal year, if changed since last
                                     report.

Indicate by a check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 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 [ ]

Indicate by a check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act).

Yes [ ]  No [X]

Indicate by a check mark whether the registrant is a shell Company (as defined
by Rule 12b-2 of the Act).

Yes [ ]  No [X]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of
Common Stock as of the latest practicable date:

    4,209,144 shares of Common Stock, $.001 par value as of October 31, 2005

<PAGE>

                                      INDEX

                         PART I. - FINANCIAL INFORMATION

Item 1. Financial Statements                                                   1

        Condensed Consolidated Balance Sheet as of September 30, 2005
(unaudited)                                                                    1

        Condensed Consolidated Statement of Operations for the Three and
Nine Months Ended September 30, 2005 (unaudited)                               2

        Condensed Consolidated Statements of Cash Flows for the Nine Months
Ended September 30, 2005 and September 30, 2004 (unaudited)                    3

        Notes to Interim Financial Statements as of September 30, 2005
(unaudited)                                                                    4

Item 2  Management's Discussion and Analysis or Plan of Operations             8

Item 3  Controls and Procedures                                               11

                          PART II. - OTHER INFORMATION

Item 1  Legal Proceedings                                                     11

Item 2  Unregistered Sales of Equity Securities and Use of Proceeds           11

Item 3  Defaults upon senior securities                                       12

Item 4  Submission of matters to a vote of security holders                   12

Item 5  Other information                                                     12

Item 6  Exhibits and reports on Form 8-K                                      12

<PAGE>

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

                   WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                            AS OF SEPTEMBER 30, 2005
                            ------------------------
                                   (UNAUDITED)

                             ASSETS

CURRENT ASSETS
   Cash                                                                  36,328
   Accounts receivable                                             $      3,600
                                                                   ------------
      Total Current Assets                                               39,928

PROPERTY AND EQUIPMENT, NET                                               7,177

OTHER ASSETS
   Real estate                                                          647,432
                                                                   ------------

TOTAL ASSETS                                                       $    694,537
                                                                   ============

             LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable                                                $     10,134
   Accrued rent - related party                                          16,150
   Lines of credit                                                       51,564
   Capital lease payable                                                    622
   Stockholder loan                                                     441,073
                                                                   ------------
      Total Current Liabilities                                         519,543
                                                                   ------------

STOCKHOLDERS' EQUITY
   Common stock, $0.001 par value, 25,000,000 shares
      authorized, 4,209,144 shares issued and outstanding                 4,209
   Additional paid in capital                                         1,401,277
   Accumulated deficit                                               (1,230,492)
                                                                   ------------
      Total Stockholders' Equity                                        174,994
                                                                   ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                         $    694,537
                                                                   ============

     See accompanying notes to condensed consolidated financial statements.

                                        1

<PAGE>

                   WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                 ----------------------------------------------
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                       For The Three   For The Three   For The Nine     For The Nine
                                                        Months Ended   Months Ended    Months Ended     Months Ended
                                                       September 30,   September 30,   September 30,   September 30,
                                                           2005            2004            2005             2004
                                                       -------------   -------------   -------------   -------------
<S>                                                    <C>             <C>             <C>             <C>
REVENUE                                                $     117,049   $     123,979   $     351,444   $     337,626

OPERATING EXPENSES
   Mortgage application costs and expenses                    50,907          19,870         144,027          73,883
   Advertising                                                10,812          11,477          32,383          50,368
   General and administrative                                 60,570          71,694         140,269         146,276
                                                       -------------   -------------   -------------   -------------
      Total Operating Expenses                               122,289         103,041         316,679         270,527
                                                       -------------   -------------   -------------   -------------

INCOME (LOSS) FROM OPERATIONS                                 (5,240)         20,938          34,765          67,099

OTHER INCOME (EXPENSE)
   Interest expense                                           (2,857)         (1,435)         (8,118)         (3,354)
                                                       -------------   -------------   -------------   -------------
      Total Other Income(expense)                             (2,857)         (1,435)         (8,118)         (3,354)
                                                       -------------   -------------   -------------   -------------

INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES               (8,097)         19,503          26,647          63,745

Provision for Income Taxes                                         -               -               -               -
                                                       -------------   -------------   -------------   -------------

NET INCOME (LOSS)                                      $      (8,097)  $      19,503          26,647          63,745
                                                       =============   =============   =============   =============

Net income (loss) per share - basic and diluted        $           -   $           -   $           -   $        0.02
                                                       =============   =============   =============   =============

Weighted average number of shares outstanding during
   the period - basic and diluted                          4,209,144       4,189,144       4,209,144       4,189,144
                                                       =============   =============   =============   =============
</TABLE>

     See accompanying notes to condensed consolidated financial statements.

                                        2

<PAGE>

                   WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                 -----------------------------------------------
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                            For The Nine    For The Nine
                                                                            Months Ended    Months Ended
                                                                           September 30,   September 30,
                                                                                2005            2004
                                                                           -------------   -------------
<S>                                                                        <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income                                                              $      26,647   $      63,745
   Adjustments to reconcile net income to net cash provided by operating
      activities:
      Depreciation expense                                                        11,639           3,587
   Changes in operating assets and liabilities:
      Increase(decrease) in accounts receivable                                   (3,600)              -
      Increase (decrease) in accounts payable and accrued expenses               (16,210)          9,946
      Increase in accrued rent - related party                                     5,350               -
                                                                           -------------   -------------
         Net Cash Provided By Operating Activities                                23,826          77,278
                                                                           -------------   -------------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Increase in real estate held for resale (net)                                       -         (67,473)
   Purchase of property and equipment                                                  -         (10,260)
                                                                           -------------   -------------
         Net Cash Used In Investing Activities                                         -         (77,733)
                                                                           -------------   -------------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Payments on capital leases                                                     (1,593)              -
   Advances (payments) to stockholder                                            (18,619)            468
   Lines of credit                                                                  (255)           (866)
                                                                           -------------   -------------
         Net Cash Used In Investing Activities                                   (20,467)           (398)
                                                                           -------------   -------------

NET INCREASE IN CASH                                                               3,359            (853)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                  32,969          30,257
                                                                           -------------   -------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                 $      36,328   $      29,404
                                                                           =============   =============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Cash paid for interest                                                     $       8,118   $       3,354
                                                                           -------------   -------------

Cash paid for income taxes                                                 $           -   $           -
                                                                           =============   =============
</TABLE>

     See accompanying notes to condensed consolidated financial statements.

                                        3

<PAGE>

                   WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                            AS OF SEPTEMBER 30, 2005
                            ------------------------
                                   (UNAUDITED)

NOTE 1  BASIS OF PRESENTATION AND ORGANIZATION
------  --------------------------------------

        (A) BASIS OF PRESENTATION
        -------------------------

        The accompanying unaudited financial statements have been prepared in
        accordance with accounting principles generally accepted in the United
        States of America and the rules and regulations of the Securities and
        Exchange Commission for interim financial information. Accordingly, they
        do not include all the information necessary for a comprehensive
        presentation of financial position and results of operations.

        It is management's opinion however, that all material adjustments
        (consisting of normal recurring adjustments) have been made which are
        necessary for a fair financial statements presentation. The results for
        the interim period are not necessarily indicative of the results to be
        expected for the year.

        (B) USE OF ESTIMATES
        --------------------

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

        (C) PRINCIPLES OF CONSOLIDATION
        -------------------------------

        The accompanying consolidated financial statements include the accounts
        of the Company and its subsidiaries. All significant intercompany
        balances and transactions have been eliminated in consolidation.

        (D) EARNINGS PER SHARE
        ----------------------

        Basic and diluted net income per common share is computed based upon the
        weighted average common shares outstanding as defined by Financial
        Accounting Standards No. 128, "Earnings Per Share." As of September 30,
        2005 and 2004, there were no common share equivalents outstanding.

        (E) CONCENTRATIONS
        ------------------

        The Company maintains its cash in bank deposit accounts, which at times
        may exceed federally insured limits. The Company has not experienced any
        losses in such accounts as of September 30, 2005, and believes it is not
        exposed to any significant credit risk.

                                        4

<PAGE>

                   WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                            AS OF SEPTEMBER 30, 2005
                            ------------------------
                                   (UNAUDITED)

        As a result of such concentrations in the real estate business, the
        entity is vulnerable to a potential severe impact in the near-term with
        regard to this segment of business. Severe impact is defined as the
        effect of disrupting the normal functioning of the entity. As of
        September 30, 2005, there have been no events that have adversely
        effected the operations of the Company.

        (F) SEGMENT REPORTING
        ---------------------

        The Company complies with SFAS No. 131, "Disclosures about Segments of
        an Enterprise and Related Information." Based upon definitions contained
        within SFAS No. 131, the Company has determined that it operates in two
        segments; mortgage brokerage and real estate development.

        (G) LONG-LIVED ASSETS
        ---------------------

        The Company accounts for long-lived assets under the Statements of
        Financial Accounting Standards Nos. 142 and 144 "Accounting for Goodwill
        and Other Intangible Assets" and "Accounting for Impairment or Disposal
        of Long-Lived Assets" ("SFAS No. 142 and 144"). In accordance with SFAS
        No. 142 and 144, long-lived assets, goodwill and certain identifiable
        intangible assets held and used by the Company are reviewed for
        impairment whenever events or changes in circumstances indicate that the
        carrying amount of an asset may not be recoverable. For purposes of
        evaluating the recoverability of long-lived assets, goodwill and
        intangible assets, the recoverability test is performed using
        undiscounted net cash flows related to the long-lived assets.

        (H) INCOME TAXES
        ----------------

        For the nine months ended September 30, 2005, the Company accounts for
        income taxes under the Statement of Financial Accounting Standards No.
        109, "Accounting for Income Taxes" ("Statement 109"). Under Statement
        109, deferred tax assets and liabilities are recognized for the future
        tax consequences attributable to differences between the financial
        statement carrying amounts of existing assets and liabilities and their
        respective tax bases. Deferred tax assets and liabilities are measured
        using enacted tax rates expected to apply to taxable income in the years
        in which those temporary differences are expected to be recovered or
        settled. Under Statement 109, the effect on deferred tax assets and
        liabilities of a change in tax rates is recognized in income in the
        period that includes the enactment date.

                                        5

<PAGE>

                   WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                            AS OF SEPTEMBER 30, 2005
                            ------------------------
                                   (UNAUDITED)

NOTE 2  GOING CONCERN
------  -------------

        As reflected in the accompanying consolidated financial statements, the
        Company has a working capital deficiency of $479,614 and an accumulated
        deficit of $1,230,491 as of September 30, 2005. These factors raise
        substantial doubt about its ability to continue as a going concern. The
        ability of the Company to continue as a going concern is dependent on
        the Company's ability to generate future profits or raise additional
        capital. The consolidated financial statements do not include any
        adjustments that might be necessary if the Company is unable to continue
        as a going concern.

        Management has continued to cut its general and administrative costs in
        2005. The Company intends to meet its obligations from generating income
        from operations. Management believes that the actions presently being
        taken provide the opportunity for the Company to continue as a going
        concern.

NOTE 3  LINES OF CREDIT
------  ---------------

        The Company maintained an overdraft credit line with a bank for funds up
        to $5,000. The principal amount is due on demand. The line bears
        interest at prime plus (10% as of September 30, 2005). Amounts
        outstanding, including accrued interest at September 30, 2005 were
        $2,936.

        The Company maintains a $50,000 line of credit with a bank. The line
        bears interest at prime plus (9.75% at September 30, 2005). The loan is
        due on demand and is secured by all assets of the Company with a
        guarantee by the President of the Company. Amounts outstanding including
        accrued interest at September 30, 2005 were $48,628.

NOTE 4  SEGMENT INFORMATION
------  -------------------

        The Company's operations are classified into two reportable business
        segments: the mortgage brokerage and real estate development. Both of
        the Company's business segments are headquartered and are conducting
        business only in the United States of America. There were no
        inter-segment sales or purchases. Consolidated financial information by
        business segment is summarized as follows:

                                         Mortgage   Real Estate
              September 30, 2005         Brokerage  Development     Total
                                        ----------  -----------   ----------

        Assets                          $   43,505  $   651,032   $  694,537
        Revenues                           342,544        8,900      351,444
        Capital asset additions                  -            -            -
        Depreciation and amortization        6,752        4,887       11,639
        Segment profit and loss         $   22,634  $     4,013   $   26,647

                                        6

<PAGE>

                   WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                            AS OF SEPTEMBER 30, 2005
                            ------------------------
                                   (UNAUDITED)

                                         Mortgage   Real Estate
              September 30, 2004         Brokerage  Development     Total
                                        ----------   ----------   ----------

        Assets                          $   53,095  $   624,459   $  677,554
        Revenues                           337,626            -      337,626
        Capital asset additions             10,260       67,473       77,733
        Depreciation and amortization        3,587            -        3,587
        Segment profit and loss         $   63,745        $   -   $   63,745

NOTE 4  SUBSEQUENT EVENT
------  ----------------

        On August 1, 2005 we entered into a share for share exchange agreement
        with Medical Connections, Inc. The closing of the transaction is subject
        to the consent of our shareholders. The agreement calls for the company
        to issue 444,600 shares of common stock or approximately 95% of our
        outstanding shares upon a 100 to 1 reverse stock split. In addition, the
        company will purchase 100% of the outstanding shares owned by Bryon Webb
        for $200,000. As of November 4, 2005, the transaction has not closed.

                                        7

<PAGE>

Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operation

THE FOLLOWING DISCUSSION OF THE RESULTS OF OUR OPERATIONS AND FINANCIAL
CONDITION SHOULD BE READ IN CONJUNCTION WITH OUR FINANCIAL STATEMENTS AND THE
NOTES THERETO INCLUDED ELSEWHERE IN THIS REPORT.

              CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
              ----------------------------------------------------

Certain statements in this quarterly report on Form 10-QSB contain or may
contain forward-looking statements that are subject to known and unknown risks,
uncertainties and other factors which may cause actual results, performance or
achievements to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. These
forward-looking statements were based on various factors and were derived
utilizing numerous assumptions and other factors that could cause our actual
results to differ materially from those in the forward-looking statements. These
factors include, but are not limited to, economic, political and market
conditions and fluctuations, government and industry regulation, interest rate
risk, U.S. and global competition, and other factors. Most of these factors are
difficult to predict accurately and are generally beyond our control. You should
consider the areas of risk described in connection with any forward-looking
statements that may be made herein. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date of
this report. Readers should carefully review this quarterly report in its
entirety, including but not limited to our financial statements and the notes
thereto. Except for our ongoing obligations to disclose material information
under the Federal securities laws, we undertake no obligation to release
publicly any revisions to any forward-looking statements, to report events or to
report the occurrence of unanticipated events. For any forward-looking
statements contained in any document, we claim the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995.

Background

We are an on-line (Internet) mortgage broker licensed to do business in both
North Carolina and Florida. We also provide traditional mortgage broker services
from our new office located in Palm City, Florida. We derive our revenues from
the brokering of mortgage loans. We charge a fixed processing fee, a credit
report fee, a brokerage fee and, depending upon the type of loan, an origination
fees which may range from 1to 4 percent of the dollar amount of the loan. We
recognize revenues when the loan is closed, at which time we are paid by the
lender.

Except for some nominal rental income which we generate from the rental of real
estate which was contributed by our principal shareholder, all of our revenues
are generated from the brokering of mortgage loans. The mortgage loans we broker
can be divided into three categories:

      *     Prime or conforming loans

      *     Sub-prime or non-conforming loans

      *     Commercial

                                        8

<PAGE>

As a mortgage broker, we currently generate revenues by originating mortgage
loans between lenders and qualified borrowers. The Company does not make the
loans. Therefore the loans we broker are funded by third parties. We currently
have relations with several different financial institutions which allows us to
offer a full range of loan products, including adjustable rate mortgages,
fifteen (15) year and thirty (30) year fixed rate loans, and balloon loans with
a variety of maturities. In addition to residential mortgages, we broker
refinancing, construction loans, second mortgages, debt consolidation and home
equity loans.

Loan applications may also be processed by going to our website located at
www.webbmortgage.com. We established this site in 1995. We use this web site to
service those individuals who prefer the convenience of the online process
versus traditional mortgage services. Our online service complements the highly
personalized service offered at our traditional offices. The majority of our
online business is expected to be generated from home refinancing, because of
the decrease in interest rates. During our last fiscal year, we estimate that we
generated approximately 50% of our revenues from our Internet based activities.

Management believes that it will not be able to significantly increase
operations and enhance shareholder value if we focus entirely on the mortgage
lending business. As a result, On January 19, 2005 we entered into a share for
share exchange agreement with Medical Connections, Inc. This Agreement called
for us to spin-off our mortgage operations. After further review of the
transaction, on August 1, 2005 we entered into a new Agreement with Medical
Connections. If the agreement is approved by our shareholders, we anticipate
that the following will happen:

      1. The shareholders of Medical Connections will be issued 444,600 shares
of our Common Stock so that, immediately post-closing, the former shareholders
of Medical Connections will own approximately 95% of our issued and outstanding
Common Stock and Medical Connections will become a wholly owned subsidiary.
Medical Connections will also pay $200,000 to Byron Webb in consideration for
the cancellation of all shares of the Company's common stock currently owned by
Mr. Webb.

      2. Our current officers and directors will tender their resignations and
Joseph J. Azzata and Anthony J. Nicolosi, the current members of the board of
directors of Medical Connections will serve as officers and directors of our
Company.

      3. We will reverse split our common stock on a 100 to 1 so that
immediately preceding closing, there will be approximately 23,400 shares of
common stock issued and outstanding with the authorized shares remaining
unchanged at 25,000,000.

      4. We will change our name to "Medical Connections, Inc."

      5. Webb Mortgage will continue its current operations either as a
subsidiary or division of the Company.

Following completion of the acquisition, we will have two operating businesses;
our current mortgage business and an employment and executive search firm which
concentrates in the medical field.

                                        9

<PAGE>

About Medical Connections:

Medical Connections, a Florida corporation, is an employment and executive
search firm that provides recruiting services to its clients within the
healthcare and medical industries. It seeks to become a full service company by
taking advantage of the search and placement opportunities within such
industries. These industries were selected for concentrated efforts because they
are relatively stable, and because management believe that the need for quality
employees and professionals in such fields has been steadily increasing over the
past few years and the projected growth of the industries appears to be
increasing steadily over time.

COMPARISON OF OPERATING RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER
30, 2005 AS COMPARED TO THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2004.

Factors outside of the Company's control have impacted revenues and
profitability. Rising interest rates have increased the costs associated with
our lines of credit and made it more difficult for borrowers to qualify for
mortgage loans. We have also faced increased competition in the mortgage lending
market as well as an increase in the costs associated with the applications we
submit to lenders. More stringent borrowing guidelines have resulted in fewer
loan applications being accepted. All of the foregoing have impacted our
revenues, costs and profitability.

Revenues
--------

For the three months ended September 30, 2005 as compared to the three months
ended September 30, 2004, we generated revenue of $117,049 as compared to
$123,979. We incurred a loss from operations totaling $5,240 as compared to
income from operations totaling $20,938. We incurred a net loss of $8,097 for
the three months ended September 30, 2005 as compared to net income of $19,503
for the three months ended September 30, 2004.

For the nine months ended September 30, 2005 as compared to the nine months
ended September 30, 2004, we generated revenue of $351,444 as compared to
$337,626. We had income from operations totaling $34,765 as compared to $67,095.
Our net income totaled $26,667 as compared to $63,745.

Operating Expenses
------------------

Operating expenses for the three and nine months ended September 30, 2005 as
compared to the three and nine months September 30, 2004 increased from $103,041
to $122,289 and from $270,527 to $316,679. The most significant increase in
operating expenses is related to our mortgage application costs and expenses
having increased to $50,907 and $144,027 for the three and nine months ended
September 30, 2005 from $19,870 and $73,883 for the three and nine months ended
September 30, 2004. Both adverting expense and our general administrative
expenses declined slightly during the three and nine months ended September 30,
2005 as compared to the comparable period in 2004.

For the three and nine months ended September 30, 2005 as compared to the three
and nine months ended September 30, 2004 we incurred an interest expense of
$2,857 and $8,118 as compared to $1,435 and $3,354 during 2004. The significant
increase in our interest expense is attributable to interest incurred as a
result of the completion of the home construction.

                                       10

<PAGE>

Net Income
----------

Net income (loss) for the three and nine months ended September 30, 2005 were
$(8,097) and $26,647 as compared to $19,503 and $63,745 for the three and nine
months ended September 30, 2004. The primary reason for these declines were
increased operating expenses and declining or stagnant revenues, (except for a
negligible increase in revenues for the nine months ended September 30, 2005 as
compared to 2004).

Without the approval of the agreement with Medical Connections, management does
not believe that it will be able to reverse these losses or if successful, will
only see moderate gains in income.

Liquidity and Capital Resources
-------------------------------

We use available finances to fund ongoing operations. Funds will be used for
general and administrative expenses, website maintenance and development and
marketing. We will also incur costs as a result of the proposed transaction with
Medical Connections.

Assets and Liabilities
----------------------

Our total assets as of September 30, 2005 were $694,537. Our assets consist
primarily of our cash totaling $36,328 and real estate valued at $647,432.

Total liabilities as of September 30, 2005 were $519,543. We have a working
capital deficit of $479,615 which raises substantial doubt of our ability to
continue as a going concern. Our significant working capital deficit is
primarily attributable to lines of credit of $51,564 and a shareholder loan
totaling $441,073 which we intend to repay on the sale of the real estate.

Item 3. Controls and Procedures.

An evaluation was carried out by the Company's chief executive officer and chief
financial officer of the effectiveness of the Company's disclosure controls and
procedures (as defined in Rule 13a-15e or 15(d)-15(e) of the Securities Exchange
Act of 1934) as of August 1, 2005. Based upon that evaluation, the chief
executive officer and the chief financial officer concluded that the design and
operation of these disclosure controls and procedures were effective. During the
period covered by this report, there have been no changes in the Company's
internal control over financial reporting that have materially affected or are
reasonably likely to materially affect the Company's internal control over
financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

None.

Item 2. Unregistered Sales of Equity Securities,

None.

                                       11

<PAGE>

Item 3. Defaults upon senior securities.

None.

Item 4. Submission of matters to a vote of security holders.

There were no matters submitted during the quarter ended September 30, 2005 to a
vote of the Company's securities holders.

Item 5. Other information.

None.

Item 6. Exhibits and Report on Form 8-K

      (a)   Exhibits:

            31. Rule 13(a)-14(a)/15(d)-14(a) Certification

            32.1 Certification of Chief Executive Officer and Chief Financial
            Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

      (b)   Reports on Form 8-K:

            During the quarter ended September 30, 2005, we filed a Form 8-k/a
            on September 20, 2005 in connection with the restatement of our
            audited financial statements for the year ended December 31, 2003.

                                       12

<PAGE>

                                    SIGNATURE

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 thereunto duly authorized.

                                                     Webb Mortgage Depot, Inc.

Date: November 10, 2005                              /s/ Byron Webb

                                                     Byron Webb, president

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