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

                                  FORM 10-QSB
(Mark One)

[X]    QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934.

                 For the quarterly period ended March 31, 2003

[ ]    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 0-49649

                            DONAR ENTERPRISES, INC.
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)

                 Delaware                                 23-3083371
       ----------------------------                    ----------------
       (State or other jurisdiction                    (I.R.S. Employer
             of incorporation)                        Identification No.)

              2000 Hamilton Street, #520
              Philadelphia, Pennsylvania                  19130-3883
       ----------------------------------------           ----------
       (Address of principal executive offices)           (Zip Code)

                                (215) 893-3662
             ----------------------------------------------------
             (Registrant's telephone number, including area code)

Indicate  by  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  a  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 [ ]

As  of  March  31, 2003, there were 5,706,000 shares of Common Stock, $.001 par
value, outstanding.

Transitional Small Business Disclosure Format:  Yes [ ] No [X]

                        PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

In  the  opinion of management, the accompanying unaudited financial statements
included in this Form 10-QSB reflect all adjustments (consisting only of normal
recurring  accruals)  necessary  for  a  fair  presentation  of  the results of
operations  for  the  periods  presented.   The  results of operations for  the
periods presented are not necessarily indicative of  the results to be expected
for the full year.

                            DONAR ENTERPRISES, INC.
                         (A Development Stage Company)
                                BALANCE SHEETS

                                    ASSETS

                                                     March 31,
                                                       2003          December
                                                    (Unaudited)      31, 2002
                                                    -----------     -----------
Current assets:
  Cash in bank                                      $    44,029     $    39,082
  Accounts receivable                                     1,581             351
                                                    -----------     -----------
        Total current assets                        $    45,610     $    39,433

                                                    -----------     -----------
          TOTAL ASSETS                              $    45,610     $    39,433
                                                    ===========     ===========

                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:
  Due to stockholder                                $     6,209     $     6,109
  Accounts payable - trade                                1,441           1,350
                                                    -----------     -----------
        Total current liabilities                         7,650           7,459
                                                    -----------     -----------

Stockholders' equity (deficit):
  Preferred stock: $.001 par value,
    20,000,000 shares authorized,
    none issued or outstanding                               --              --
  Common stock: $.001 par value,
    100,000,000 shares authorized,
    5,706,000 and 5,406,000 issued and
    outstanding in 2003 and 2002,
    respectively                                          5,706           5,406
  Additional paid-in capital                            279,594         264,894
  Deferred officer's compensation                            --        (222,500)
  Accumulated amortization, officer's
    compensation                                             --         222,500
  (Deficit) accumulated during the
    development stage                                  (247,340)       (238,326)
                                                    -----------     -----------
        Total stockholders' equity (deficit)             37,960          31,974
                                                    -----------     -----------
     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY     $    45,610     $    39,433
                                                    ===========     ===========

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

                            DONAR ENTERPRISES, INC.
                         (A Development Stage Company)
                           STATEMENTS OF OPERATIONS
                                  (Unaudited)

                                                                                 From
                                                                             Inception on
                                               Three Months   Three Months   May 25, 2001
                                                  Ended          Ended         Through
                                                 March 31,      March 31,      March 31,
                                                   2003           2002           2003
                                               ------------   ------------   ------------
Revenue:
   Sales, net of discounts and allowances      $      2,590   $         --   $      9,776
   Interest income                                       77             --            159
                                               ------------   ------------   ------------
                                                      2,667             --          9,935
Expenses:
   General and administrative expenses               11,681         55,679        257,275
                                               ------------   ------------   ------------
Net income (loss) from operations              $     (9,014)  $    (55,679)  $   (247,340)
                                               ============   ============   ============

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

                            DONAR ENTERPRISES, INC.
                         (A Development Stage Company)
                           STATEMENTS OF CASH FLOWS
                                  (Unaudited)

                                                                                           From
                                                                                       Inception on
                                                         Three Months   Three Months   May 25, 2001
                                                            Ended          Ended         Through
                                                           March 31,      March 31,      March 31,
                                                             2003           2002           2003
                                                         ------------   ------------   ------------
Cash flows from operating activities:
  Net (loss)                                             $     (9,014)  $    (55,679)  $   (247,340)
  Adjustments to reconcile net (loss) to
   net cash (used in) operating activities:
    Issuance of stock for services rendered                    10,000             --        247,500
    Increase in deferred offering costs                            --         (2,052)            --
    Increase in deferred officer's compensation                    --             --             --
    Amortization of deferred officer's compensation                --         55,625             --
    Increase in accounts payable                                   91          1,350          1,441
    Increase in accounts receivable                            (1,230)            --         (1,581)
                                                         ------------   ------------   ------------
Net cash (used in) operating activities                          (153)          (756)            20
                                                         ------------   ------------   ------------
Cash flows from investing activities:                              --             --             --
                                                         ------------   ------------   ------------
Net cash provided by investing activities                          --             --             --
                                                         ------------   ------------   ------------
Cash flows from financing activities:
    Proceeds from issuance of common stock                      5,000             --         37,800
    Advances from stockholder                                     100            756          6,209
                                                         ------------   ------------   ------------
Net cash provided by financing activities                       5,100            756         44,009
                                                         ------------   ------------   ------------
Net Increase in Cash                                            4,947             --         44,029

Beginning Cash                                                 39,082             --             --
                                                         ------------   ------------   ------------
Ending Cash                                              $     44,029   $         --   $     44,029
                                                         ============   ============   ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:

Cash paid for:  Income taxes                             $         --   $         --   $         --
                                                         ============   ============   ============
                Interest                                 $         --   $         --   $         --
                                                         ============   ============   ============

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

                            DONAR ENTERPRISES, INC.
                         (A Development Stage Company)
                   NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
                                MARCH 31, 2003

NOTE 1.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Description of Business

Donar  Enterprises,  Inc.  (the  "Company") was organized under the laws of the
State of Delaware on May 25, 2001.   The  primary  plan  of  operations  of the
Company  is  providing  electronic  filing  services  with  the  Securities and
Exchange  Commission ("SEC") through the SEC's electronic system -  "Electronic
Data Gathering  Analysis  and  Retrieval"  or  "EDGAR".   The  Company  has not
generated  significant  revenues  from its planned principal operations and  is
considered a development stage company  as  defined  in  Statement of Financial
Accounting Standards No. 7.  The Company has, at the present time, not paid any
dividends and any dividends that may be paid in the future will depend upon the
financial requirements of the Company and other relevant factors.

Preparation of Financial Statements

The accompanying financial  statements  have  been  prepared in accordance with
accounting principles generally accepted in the United  States  of  America for
interim  financial  information  and  with  the  instructions  incorporated  in
Regulation S-B,   Item 310(b)   of  the  Securities  and  Exchange  Commission.
Accordingly,  they  do  not  include   all  of  the  information  and  footnote
disclosures required by accounting principles  generally accepted in the United
States  of  America  for  complete  financial statements.  The  statements  are
unaudited but, in the opinion of management,  all  adjustments  (consisting  of
normal  recurring  adjustments  and  accruals)  considered necessary for a fair
presentation have been included.

The  results  of  operations  for  the periods presented  are  not  necessarily
indicative of the results to be expected  for  the  full year. The accompanying
financial statements should be read in conjunction with the Company's financial
statements for the period ended December 31, 2002.

Use of Estimates

The  preparation  of  the  Company's  financial  statements in conformity  with
accounting  principles  generally  accepted  in the United  States  of  America
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 balance  sheet date and the reported amounts of revenues and
expenses during the reporting  periods.  Actual results could differ from those
estimates.

Revenue Recognition

Revenues from document formatting and electronic filing services are recognized
at the time the services are provided to the customer.

Net Loss Per Share

The  Company  follows  Statement of Financial  Accounting  Standards  No.  128,
"Earnings Per Share" ("SFAS  No.  128"). Basic earnings (loss) per common share
("EPS") calculations are determined  by  dividing  net  income  (loss)  by  the

                            DONAR ENTERPRISES, INC.
                         (A Development Stage Company)
                   NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
                                MARCH 31, 2003

weighted  average number of shares of common stock outstanding during the year.
Diluted earnings  (loss)  per  common  share  calculations  are  determined  by
dividing  net income (loss) by the weighted average number of common shares and
dilutive common  share  equivalents  outstanding. Common stock equivalents were
not considered during the periods presented,  as  their  effect  would be anti-
dilutive.

Cash and Cash Equivalents

For purposes of balance sheet classification and the statements of  cash flows,
the Company considers all highly liquid investments purchased with an  original
maturity of three months or less to be cash equivalents.

Deferred Offering Costs

The Company defers costs associated with the raising of capital until such time
as the  offering  is completed, at which time the costs are charged against the
capital raised.  Should  the  offering  be terminated, the costs are charged to
operations during the period when the offering is terminated.

NOTE 2.  RELATED PARTY TRANSACTIONS

The  Company issued 4,750,000 shares of unregistered common stock for $237,500,
based  on  the  Company's  expected  offering  price of $0.05 per share, to its
President  in  exchange for services as President,  Secretary,  and  Treasurer.
These shares were  issued  under Section 4(2) of the Securities Act of 1933, as
amended,  which  exempts from  registration  "transactions  by  an  issuer  not
involving any public  offering,"  and  are  subject to the resale provisions of
Rule  144  and may not be sold or transferred without  registration  except  in
accordance with Rule 144.  Certificates representing the securities bear such a
legend.

On  November  1,  2001,  the  sole  director of the Company agreed to loan  the
Company $25,000.  The advance will bear  an interest rate of 10% per annum, due
and  payable on or before June 30, 2003.  As  of  March 31, 2003,  the  Company
owed the sole officer and director an outstanding balance of $6,209.

NOTE 3.  GOING CONCERN

The  accompanying  financial  statements  have been prepared in conformity with
generally accepted accounting principles in the United States of America, which
contemplate  continuation of the Company as  a  going  concern.   However,  the
Company has recently  commenced  operations  and  has incurred losses since its
inception,  raising  substantial  doubt about the ability  of  the  Company  to
continue as a going concern.  In this  regard, management is proposing to raise
any necessary additional funds not provided  by  operations  through  loans  or
through  additional  sales  of  its  common stock.  As discussed in Note 4, the
Company plans on issuing up to 2,000,000  shares  of  voting  common  stock  in
exchange  for  up  to $100,000.  There is no assurance that the Company will be
successful  in  raising   this   additional  capital  or  achieving  profitable
operations.  The financial statements do not include any adjustments that might
result from the outcome of these uncertainties.

NOTE 4.  COMMON STOCK OFFERING

The Company has filed a registration statement with the Securities and Exchange
Commission  on  Form  SB-2  under  the Securities Act  of  1933,  which  became
effective February 27, 2002, for the  sale  of  up  to  2,000,000 shares of its
common  stock to the public for $0.05 per share.  The offering  is  on  a  best

                            DONAR ENTERPRISES, INC.
                         (A Development Stage Company)
                   NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
                                MARCH 31, 2003

efforts,  no  minimum  basis.   As  such, there will be no escrow of any of the
proceeds of the offering and the Company  will  have  the immediate use of such
funds to finance its operations.

NOTE 5.  COMMITMENT

In  March 2003, the Company executed an employment agreement with its president
and majority  stockholder.  The  agreement,  which  expires on January 1, 2006,
requires the Company to pay annual, base compensation  of  $85,000  and various
fringe benefits (as defined in the agreement).

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

The financial  information set forth in the following discussion should be read
in conjunction with, and qualified in its entirety by, the Financial Statements
included in this report.

Plan of Operation

Donar  Enterprises,  Inc.  (the "Company") is a service company, which provides
electronic  filing  services for  clients  that  need  to  electronically  file
reports, prospectuses,  registration  statements,  and other documents with the
Securities and Exchange Commission ("SEC") through the  SEC's electronic system
- Electronic Data Gathering Analysis and Retrieval ("EDGAR").

The  Company has recently established relationships with a  limited  number  of
clients.  The  Company  plans on increasing its client base through advertising
campaigns on the Internet.

The Company may attempt to  employ  additional  personnel  if  it  is  able  to
generate sufficient revenues.  However, there is no assurance that the services
of  such  persons  will  be  available  or that they can be obtained upon terms
favorable to the Company.  If and when the Company is successful in achieving a
positive cash flow, it is likely that it  will  consider  expanding, which will
also increase costs.

Management expects that the Company will continue generating  small  amounts of
revenue  from  the  Company's  current  clients  during  the  second quarter of
2003.  As  the  Company  attracts  more  clientele,  revenues  are  expected to
increase.

Results of Operations

The  Company's  operations  during  the quarterly period ended  March 31, 2003,
resulted  in $2,667 in revenues and incurred expenses of $11,681, stemming from
costs related to general and administrative expenses.

Liquidity and Capital Resources

At  March  31,  2003,  the  Company  had  total  current assets of $45,610  and
total liabilities of  $7,650.   Based  upon  the  Company's  current  level  of
revenues,  expected growth and estimated expenses, management believes that its
cash on hand  of $44,029 will be sufficient to allow it to maintain its current
operations for the next twelve months.

Material Agreement

On  March  31,  2003,  the  Company  entered  into an employment agreement with
William  Tay,  who will be compensated at the rate  of  $85,000  per  year  and
various fringe benefits  (as defined in the agreement).  Under the terms of the
agreement, unpaid salary shall accrue without interest in the event the Company
is not in a position, due to its then- current financial situation, to make any
salary payment(s) to Mr. Tay.   The  employment contract also contains standard
non-compete, termination, confidentiality  and  other  clauses.  The employment
agreement expires on January 1, 2006.

Readers  are  referred  to  the  cautionary  statement  below,  which addresses
forward-looking statements.

Cautionary Statement Regarding Forward-Looking Information

This  report  and  other reports, as well as other written and oral  statements
made or released by  the  Company,  may  contain  forward  looking  statements.
Forward-looking statements are statements that describe, or that are  based on,
the   Company's  current  expectations,  estimates,  projections  and  beliefs.
Forward-looking statements are based on assumptions made by the Company, and on
information  currently  available  to  the  Company. Forward-looking statements
describe the Company's expectations today of what it believes is most likely to
occur or may be reasonably achievable in the future, but such statements do not
predict or assure any future occurrence and may  turn  out to be wrong. You can
identify  forward-looking  statements  by  the  fact that they  do  not  relate
strictly  to  historical or current facts. The words  "believe,"  "anticipate,"
"intend," "expect,"  "estimate," "project", "predict", "hope", "should", "may",
and  "will", other words  and  expressions  that  have  similar  meanings,  and
variations of such words and expressions, among others, usually are intended to
help identify forward looking statements.

Forward-looking  statements  are  subject  to  both known and unknown risks and
uncertainties  and can be affected by inaccurate  assumptions  we  might  make.
Risks, uncertainties  and  inaccurate assumptions could cause actual results to
differ  materially from historical  results  or  those  currently  anticipated.
Consequently,  no  forward-looking  statement  can be guaranteed. The potential
risks and uncertainties that could affect forward  looking  statements include,
but are not limited to increased competition, extent of the market  demand  for
and  supply  of  goods  and  services  of  the  types  provided by the Company,
governmental regulation, performance of information systems, and the ability of
the Company to hire, train and retain qualified employees.  In  addition, other
risks, uncertainties, assumptions, and factors that could affect  the Company's
results  and prospects have been and may further be described in the  Company's
prior and  future filings with the Securities and Exchange Commission and other
written and oral statements made or released by the Company.

The Company  cautions  you  not  to place undue reliance on any forward-looking
statements, which speak only as of  the  date of this document. The information
contained  in this report is current only as  of  its  date,  and  the  Company
assumes no obligation to update any forward-looking statements.

ITEM 3.  CONTROLS AND PROCEDURES.

The  Company  maintains a system of controls and procedures designed to provide
reasonable assurance  as  to  the  reliability  of the financial statements and
other disclosures included in this report, as well  as to safeguard assets from
unauthorized use or disposition.  Within 90 days prior  to  the  filing of this
report,  the Company's Chief Executive Officer and principal financial  officer
have evaluated  the  effectiveness of the design and operation of the Company's
disclosure controls and  procedures  with  the  assistance and participation of
other members of management.  Based upon that evaluation,  the  Company's Chief
Executive Officer and principal financial officer concluded that  the Company's
disclosure  controls and procedures are effective for gathering, analyzing  and
disclosing the  information  the Company is required to disclose in the reports
it files under the Securities  Exchange  Act  of  1934  within the time periods
specified in the SEC's rules and forms.  There have been no significant changes
in   the   Company's  internal  controls  or  in  other  factors  which   could
significantly  affect  internal  controls  subsequent  to  the date the Company
carried out its evaluation.

                          PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

There are no  legal  proceedings against the Company and the Company is unaware
of such proceedings contemplated against it.

ITEM 2.  CHANGES IN SECURITIES

On  January  3,  2003,  the  Company  issued an aggregate of 200,000 restricted
shares of common stock to U.S. Capital  Partners,  Inc.,  a  financial services
company   that   provides   investment  banking  and  brokerage  services,   as
compensation for financial services  to  be  provided by U.S. Capital Partners,
Inc. to the Company.  The Company estimates the  value  of  these  services  at
$10,000.  The  issuance  of  the  shares  to  U.S.  Capital  Partners, Inc. was
accomplished in reliance upon Section 4(2) of the Securities Act  of  1933,  as
amended,  and  is  subject  to the resale provisions of Rule 144 and may not be
sold or transferred without registration  except  in  accordance with Rule 144.
Certificates representing the shares bear such a legend.  The facts relied upon
for exemption are that U.S. Capital Partners, Inc. was an accredited  investor,
a sophisticated purchaser and had full access to the information on the Company
necessary  to  make  an  informed  investment  decision  by  virtue  of the due
diligence conducted by the purchaser or available to the purchaser prior to the
transaction.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

There has been no default upon senior securities.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

No matters were submitted  to  a  vote  of  the  security  holders  during  the
quarterly period covered by this report.

ITEM 5.  OTHER INFORMATION

The  Company  recently  registered  the  domain  names  "www.edgarized.com" and
"www.fastedgar.com."  EDGAR(R) is a federally registered  trademark of the U.S.
Securities  and  Exchange Commission.  The Company and its web  sites  are  not
affiliated with or approved by the U.S. Securities and Exchange Commission.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits:

 Exhibit No.  Description of Exhibit
 -----------  --------------------------------
    10.1      William Tay Employment Agreement
    99.1      Certification by Management

(b) Reports on 8-K:

The  Company  filed  a  Form  8-K on February 6, 2003 to report that its common
stock  has been cleared for trading  on  the  Over-The-Counter  Bulletin  Board
service of the NASD under the symbol "DNRE".

                                  SIGNATURES

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

                                            DONAR ENTERPRISES, INC.
                                            (Registrant)

                                            By: /s/ William Tay
                                            -------------------------------
                                            William Tay
                                            President, Chief Executive
                                            Officer, Secretary, Treasurer
                                            and Director
                                            (principal financial officer,
                                            principal accounting officer,
                                            director)

Date: April 14, 2003

                                 CERTIFICATION

I, William Tay, certify that:

1.  I  have reviewed this quarterly report on Form 10-QSB of Donar Enterprises,
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 we 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 function):

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: April 14, 2003                    /s/ William Tay
                                        ---------------------------------------
                                        William Tay
                                        Chief Executive Officer, President and
                                        Principal Financial Officer
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