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 June 30, 2005.  or  o
        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 333-63460  WISEDRIVER.COM, INC. (Exact name of registrant as specified in its charter)  Delaware
        65-0908171(State or other jurisdiction of
        (I.R.S. Employer Identification No.)incorporation or organization)  1691 Michigan Avenue, Suite 425, Miami Beach, Florida
        33139(Address of principal executive offices)
        (Zip Code)  (305) 538-7840 (Registrants telephone number, including area code)  (Former name, former address and former fiscal year, if changed since last report)  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 such shorter periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes
        Nox  State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practical date: As of August  15, 2005 the Company had 13,918,300 shares of common stock outstanding, $0.0001 par value.        WISEDRIVER.COM, INC.



FINANCIAL STATEMENTS



INDEX



PART I-- FINANCIAL INFORMATION




Item 1.
        Financial Statements


Item 2.
        Managements Discussion and Analysis of Financial Condition


Item 3.
        Control and Procedures

PART II-- OTHER INFORMATION




Item 1.
        Legal Proceedings


Item 2.
        Changes in Securities


Item 3.
        Defaults Upon Senior Securities


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


Item 5.
        Other Information


Item 6.
        Exhibits and Reports on Form 8-K

SIGNATURE



Basis of Presentation



The accompanying reviewed financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the six months ended June 30, 2005 are not necessarily indicative of results that may be expected for the year ending December 31, 2005. The financial statements are presented on the accrual basis.









WISEDRIVER.COM, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)



CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2005 AND DECEMBER 31, 2004

AND FOR THE SIX MONTHS ENDED JUNE 30, 2005 AND 2004

AND FOR THE PERIOD MARCH 16, 1999 (DATE OF INCEPTION)

THROUGH JUNE 30, 2005




WISEDRIVER.COM, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)



CONSOLIDATED BALANCE SHEETS








Page(s)






Consolidated balance sheets
        1


Consolidated statements of operations
        2


Consolidated statements of cash flows
        3-4


Notes to consolidated financial statements
        5

















WISEDRIVER.COM, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)



CONSOLIDATED BALANCE SHEETS










(Unaudited)JUNE 30,
        
        
        DECEMBER 31,2005
        
        
        2004ASSETSCURRENT ASSETS:Cash
        $
        3,088
        
        $
        848Other receivables - related party
        
        50
        
        
        50TOTAL ASSETS
        $
        3,138
        
        $
        898LIABILITIES AND STOCKHOLDERS DEFICITCURRENT LIABILITIES:Accounts payable and accrued expenses
        $
        85,618
        
        $
        77,188Notes payable - related party
        
        121,502
        
        
        102,106Total current liabilities
        
        207,120
        
        
        179,294STOCKHOLDERS DEFICIT:Common stock, par value $.0001 per share;250,000,000 shares authorized; 13,918,300 shares issuedand outstanding as of March 31, 2005 and December 31, 2004
        
        1,392
        
        
        1,392Additional paid-in capital
        
        293,853
        
        
        293,853Deficit accumulated during the development stage
        
        (499,227)
        
        
        (473,641)Total stockholders deficit
        
        (203,982)
        
        
        (178,396)TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT
        $
        3,138
        
        $
        898






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

-1-



WISEDRIVER.COM, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)



CONSOLIDATED STATEMENTS OF OPERATIONS








(Unaudited)(Unaudited)
        
        
        (Unaudited)
        
        
        FOR THE PERIODSIX MONTHS ENDED
        
        
        THREE MONTHS ENDED
        
        
        MARCH 16, 1999JUNE 30,
        
        
        JUNE 30,
        
        
        (DATE OF INCEPTION) TO2005
        
        
        2004
        
        
        2005
        
        
        2004
        
        
        JUNE 30, 2005DEVELOPMENT STAGE REVENUES
        $
        0
        
        $
        0
        
        $
        0
        
        $
        0
        
        $
        0DEVELOPMENT STAGE EXPENSESAccounting fees
        
        5,000
        
        
        5,611
        
        
        2,500
        
        
        3,113
        
        
        81,819Amortization expense
        
        0
        
        
        2,160
        
        
        0
        
        
        1,080
        
        
        17,640Bank charges
        
        213
        
        
        96
        
        
        105
        
        
        48
        
        
        1,631Consulting fees
        
        12,590
        
        
        17,000
        
        
        7,590
        
        
        11,000
        
        
        87,838Corporate fees
        
        838
        
        
        900
        
        
        263
        
        
        225
        
        
        9,892Legal fees
        
        1,000
        
        
        0
        
        
        500
        
        
        0
        
        
        41,636Licenses and taxes
        
        300
        
        
        0
        
        
        0
        
        
        0
        
        
        6,396Office expenses
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        69,933On-line services
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        1,190Payroll
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        131,925Payroll tax expense
        
        0
        
        
        44
        
        
        0
        
        
        (178)
        
        
        13,532Postage
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        384Printing
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        490Travel - meals and entertainment
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        86Rent
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        1,817Impairment of website
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        3,960Website & development fee
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        13,400TOTAL DEVELOPMENT STAGE EXPENSES
        19,941
        
        
        25,811
        
        
        10,958
        
        
        15,288
        
        
        483,569Loss from operations
        
        (19,941)
        
        
        (25,811)
        
        
        (10,958)
        
        
        (15,288)
        
        
        (483,569)Interest income
        
        0
        
        
        0
        
        
        0
        
        
        0
        
        
        (941)Interest expense
        
        5,645
        
        
        1,743
        
        
        2,946
        
        
        1,085
        
        
        16,600NET LOSS
        $
        (25,586)
        
        $
        (27,554)
        
        $
        (13,904)
        
        $
        (16,373)
        
        $
        (499,228)NET LOSS PER COMMON SHAREBasic and diluted
        $
        (0.00)
        
        $
        (0.00)
        
        $
        (0.00)
        
        $
        (0.00)Weighted-average number of commonshares outstanding
        
        13,918,300
        
        
        13,918,300
        
        
        13,918,300






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

-2-



WISEDRIVER.COM, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)



CONSOLIDATED STATEMENTS OF CASH FLOWS








(Unaudited)(Unaudited)
        
        
        FOR THE PERIODSIX MONTHS ENDED
        
        
        MARCH 16, 1999JUNE 30,
        
        
        (INCEPTION) TO2005
        
        
        2004
        
        
        JUNE 30, 2005OPERATING ACTIVITIES:Deficit during the development stage
        
        $
        (25,586)
        
        $
        (27,554)
        
        $
        (499,227)Adjustments to reconcile net loss to net cashused in operating activities:Amortization
        
        
        0
        
        
        2,160
        
        
        21,600Stock issued for consulting services
        
        
        0
        
        
        0
        
        
        7,495Changes in assets and liabilities:(Increase) decrease in other receivables
        
        
        0
        
        
        0
        
        
        (50)Decrease (increase) in prepaid expenses
        
        
        0
        
        
        0
        
        
        0(Increase) decrease  in note receivable from related party
        
        
        0
        
        
        0
        
        
        0Increase (decrease) in other liabilities
        
        
        0
        
        
        0
        
        
        0(Decrease) increase  in accounts payable and accrued expenses
        
        
        8,826
        
        
        6,729
        
        
        86,014Net cash used in operating activities
        
        
        (16,760)
        
        
        (18,665)
        
        
        (384,168)INVESTING ACTIVITIES:Increase in intangible asset - website
        
        
        0
        
        
        0
        
        
        (21,600)Net cash used in investing activities
        
        
        0
        
        
        0
        
        
        (21,600)FINANCING ACTIVITIES:Proceeds from issuance of common stock
        
        
        0
        
        
        0
        
        
        287,750Proceeds of notes payable - related party
        
        
        19,000
        
        
        23,322
        
        
        121,106Net cash provided by financing activities
        
        
        19,000
        
        
        23,322
        
        
        408,856(Decrease) increase in cash
        
        
        2,240
        
        
        4,657
        
        
        3,088Cash, beginning of period
        
        
        848
        
        
        168
        
        
        0Cash, end of period
        
        $
        3,088
        
        $
        4,825
        
        $
        3,088




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

-3-



WISEDRIVER.COM, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)







SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:






(Unaudited)
SIX ENDED MONTHS
JUNE 30,
        (Unaudited)
FOR THE PERIOD
MARCH 16, 1999
(INCEPTION) TO2005
        
        2004
        JUNE 30, 2005Supplemental cash flow information:Interest paid
        $
        0
        $
        0
        $
        3,841Income taxes paid
        $
        0
        $
        0
        $
        3,961Noncash investing and financing activities:Shares issued to founder for consulting services
        $
        0
        $
        0
        $
        100Shares issued in acquisition of 80% ofWisedriver.com LLC
        $
        0
        $
        0
        $
        45Shares issued for legal and consulting services
        $
        0
        $
        0
        $
        7,495
























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

- 4 -



WISEDRIVER.COM, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)



CONSOLIDATED BALANCE SHEETS




1.
        ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

In the opinion of management, the accompanying consolidated financial statements of Wisedriver.com, Inc., contains all adjustments necessary to present fairly the Companys financial position as of June 30, 2005 and December 31, 2004, the statements of operations and cash flows for the six months ended June 30, 2005 and 2004.



The results of operations for the six months ended June 30, 2005 and 2004 are not necessarily indicative of the results to be expected for the full year.



The accounting policies followed by the Company are set forth in Notes 1 and 2 to the Companys financial statements included in its Annual Report on Form 10-KSB for the year ended December 31, 2004.






2.
        NOTES PAYABLEAs of June 30, 2005 and December 31, 2004, notes payable to Atlas Equity Group, Inc., a related party, aggregated to $121,502 and $102,106, respectively. These notes are short-term borrowings with maturities of one year or less at an interest rate of 10% per annum.





























Item 2. Managements Discussion and Analysis



The following plan of operation provides information which management believes is relevant to an assessment and understanding of our results of operations and financial condition. The discussion should be read along with our consolidated financial statements and notes thereto. Wisedriver.Com, Inc. is a development  Stage Company. Because the Company has not generated any revenue, it intends to report its plan of operation below.



The following discussion and analysis contains forward-looking statements, which involve risks and uncertainties. The Companys actual results may differ significantly from the results, expectations and plans discussed in these forward-looking statements.



The Companys operations have been devoted primarily to developing a business plan and raising capital for future operations and administrative functions. The Company intends to grow through internal development, strategic alliances, and acquisitions of existing businesses. Because of uncertainties surrounding its development, the Company anticipates incurring development stage losses in the foreseeable future. The ability of the Company to achieve its business objectives is contingent upon its success in raising additional capital until adequate revenues are realized from operations.



THE SIX MONTHS ENDED JUNE 30, 2005 AND 2004



Development  stage expenses  during the six months ended June 30, 2005 was
($19,941)  as  compared  to  development  stage loss  during the six months
ended June 30, 2004 was ($25,811).



Expenses for the six months ended June 30, 2005 were primarily consulting fees ($12,590), accounting ($5,000) and legal services ($1,000). These professional are related primarily to the Companys regulatory filings



Expenses for the six months ended June 30, 2004 were primarily professional fees such as consulting fees ($17,000), accounting ($5,611) and transfer agent services ($900). These professional are related primarily to the Companys regulatory filings.



THE THREE MONTHS ENDED JUNE 30, 2005 AND 2004



Development stage expenses during the three months
ended June 30, 2005 was ($10,958) as compared to development stage loss during
the three months ended June 30, 2004 was ($15,288).



Expenses for the three months ended June 30, 2005 were primarily consulting fees
($7,590), accounting ($2,500) and legal services ($500). These professional are
related primarily to the Companys regulatory filings



Expenses for the three months ended June 30, 2004 were primarily professional
fees such as consulting fees ($11,000) and accounting ($3,113). These
professional are related primarily to the Companys regulatory
filings.



PERIOD FROM MARCH 16, 1999 (DATE OF INCEPTION) THROUGH JUNE 30, 2005



Our cumulative net losses since the inception are attributable to the fact that we have not derived any revenue from operations to offset out business development expenses.





Net loss since inception has amounted to ($499,228). These expenses were primarily salary ($131,925), office expenses for administrative services ($69,933) and professional fees such as consulting ($87,838), accounting ($81,819) and legal services ($41,636). The professional fees were related to the Companys annual and quarterly filings.



Liquidity and Capital Resources



Despite capital contributions and loans from a related party, the Company
continues to experience cash flow shortages that have slowed the Companys
growth.



The Company has primarily  financed its activities  from issuance of common
stock of the  Company and from loans from  Michael  Farkas,  the  Company's
founder or his  affiliated  companies.  A significant  portion of the funds
raised  from loans from  related  and third  parties has been used to cover
working capital needs.



For the six months ended June 30, 2005 and 2004, we had a net loss of $25,586
and $27,554, respectively. Our accumulated deficit since the date of inception
is $499,228. Such accumulated losses have resulted primarily from costs incurred
in the development of the website, salary and various professional
fees.




The Company continues to experience cash flow shortages and anticipates this continuing through the foreseeable future. Management believes that additional funding will be necessary in order for it to continue as a going concern. The Company is investigating several forms of private debt and/or equity financing, although there can be no assurances that the Company will be successful in procuring such financing or that it will be available on terms acceptable to the Company.






Critical Accounting Policies



Wisedrivers financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (GAAP). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different
assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.



Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact its financial condition and results of operations, Sports Sources views certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on Sports Sources consolidated financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.





Item 3.
        Controls and Procedures

Evaluation of disclosure controls and procedures



Our principal executive officer and principal financial officer evaluated our
disclosure controls and procedures (as defined in rule 13a-14(c) and
15d-14(c)under the Securities Exchange Act of 1934, as amended) as of a date
within 90days before the filing of this annual report (the Evaluation Date).
Based on that evaluation, our principal executive officer and principal
financial officer concluded that, as of the Evaluation Date, the disclosure
controls and procedures in place were adequate to ensure that information required to be
disclosed by us, including our consolidated subsidiaries, in reports that we
file or submit under the Exchange Act, is recorded, processed, summarized and
reported on a timely basis in accordance with applicable rules and regulations.
Although our principal executive officer and principal financial officer
believes our existing disclosure controls and procedures are adequate to enable
us to comply with our disclosure obligations, we intend to formalize and
document the procedures already in place and establish a disclosure
committee.




Changes in internal controls



We have not made any significant changes to our internal controls subsequent to the Evaluation Date. We have not identified any significant deficiencies or material weaknesses or other factors that could significantly affect these controls, and therefore, no corrective action was taken.





PART II - OTHER INFORMATION




Item 1. Legal Proceedings.
        None.


Item 2. Changes in Securities.
        None


Item 3. Defaults Upon Senior Securities.
        Not Applicable


Item 4. Submission of Matters to a Vote of Security Holders.
        None


Item 5. Other Information.
        None


Item 6. Exhibits and Reports of Form 8-K.
        None.

No reports on Form 8-K were filed for this quarter of 2005.



SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, on August 16,
2005.






WISEDRIVER.COM, INC.


By:/s/ Martha M. PadronMartha M. PadronCEO and CFO