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, 2005.  or  o
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. 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
No X  State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practical date: As of May 18, 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 three months ended March 31, 2005 are not necessarily indicative of results that may be expected for the year ending December 31, 2004. The financial statements are presented on the accrual basis.









WISEDRIVER.COM, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)



CONSOLIDATED FINANCIAL STATEMENTS

AS OF MARCH 31, 2005 AND DECEMBER 31, 2004

AND FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND 2004

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

THROUGH MARCH 31, 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











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











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









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:



THREE ENDED MONTHS

MARCH 31,
FOR THE PERIOD

MARCH 16, 1999

(DATE OF INCEPTION) TO2005
2004
MARCH 31,2005Supplemental 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 March 31, 2005 and December 31, 2004 and the statements of operations and cash flows for the three months ended March 31, 2005 and 2004.



The results of operations for the three months ended March 31, 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 PAYABLE  RELATED PARTYAs of March 31, 2005 and December 31, 2004, notes payable to Atlas Equity Group, Inc., a related party, aggregated to $109,606 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 THREE MONTHS ENDED MARCH 31, 2005 AND 2004

Development stage loss during the three months ended March 31, 2005 was ($11,682) as compared to development stage loss during the three months ended March 31, 2004 was ($11,182).



Expenses for the three months ended March 31, 2005 were primarily consulting fees ($5,000), accounting ($2,500) and legal services ($500). These professional are related primarily to the Companys regulatory filings.



Expenses for the three months ended March 31, 2004 were primarily consulting fees ($6,000), professional fees such as accounting ($2,500) and transfer agent services ($675). These professional are related primarily to the Companys regulatory filings.



PERIOD FROM MARCH 16, 1999 (DATE OF INCEPTION) THROUGH MARCH 31, 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 ($485,323). These expenses were primarily salary ($131,925), office expenses for administrative services ($69,933) and professional fees such as consulting ($80,248), accounting ($79,319) and legal services ($41,136). 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 a loan from Michael Farkas, the Companys founder. A significant portion of the funds raised from loans from related and third parties has been used to cover working capital needs.



For the three months ended March 31, 2005 and 2004, we had a net loss of $11,682 and $11,182, respectively. Our accumulated deficit since the date of inception is $485,323. Such accumulated losses have resulted primarily from costs incurred in the development of the website, salary and various professional fees.



On March 26, 1999, the Company issued 1,000 common shares to Michael D. Farkas (Former President, Treasurer, Secretary), in consideration for management services valued at $0.10. Michael Farkas is deemed to be a founder and affiliate of the Company.



On April 12, 2000, the Company resolved to change the amount of shares authorized to issue from 2,000 to 250,000,000 with a par value of $.0001 per share.



On June 14, 2000, Wisedriver approved a 6,500 to 1 forward stock split of its common stock, $.0001 par value. Immediately following the split, Michael Farkas, the founder of the Company owned 6,500,000 common shares.



On June 15, 2000, the Company authorized the issuance of 49,967 shares of restricted common stock to several individuals for service rendered to the Company. This transaction was valued at $7,495.



On June 30, 2000, Wisedriver entered into an Interest Purchase Agreement with Wisedriver.com LLC in which Wisedriver will receive 80% of Wisedriver.com LLC for 450,000 shares of restricted common stocks and an option to purchase 450,000 shares, subject to terms of the agreement, at $.50 per share and a presidential position in the Company. This transaction was valued at $45.



On July 17, 2000, the Company entered into a private offering of securities pursuant to Regulation D, Rule 504, promulgated by the Securities Act of 1933. Common stock was offered to accredited and non-accredited investors for cash consideration of $.15 per share. 918,333 shares were issued to 39 unaffiliated investors. That offering is now closed.



On July 25, 2002, the Company entered into a private offering of securities pursuant to Regulation D, Rule 504, promulgated by the Securities Act of 1933, which authorized the issuance of 6,000,000 shares of common stock at $0.025 per shares. As of December 31, 2002, these shares have not yet been issued. In addition to this offering, 39 unaffiliated investors from the July 17, 2000 offering are offering to sell 918,333 shares of common stock, thus making these shares unrestricted shares when sold.









On June 30, 2000, the Company purchased an 80% interest of Wisedriver.Com, LLC for 450,000 shares of restricted common stock and 450,000 options of the Company at $.50 per share. These options will be granted to the president of Wisedriver.Com, LLC. The contractual life of the options is determined on certain conditions and will become exercisable when these conditions are met. The initial 150,000 shares shall vest upon the launching of Wisedriver.coms Website. An additional 150,000 shares will vest upon the completion of Wisedriver.com Website. The final 150,000 shares will vest upon completion of the Optionees employment agreement with the Company. As of December 31, 2002, only the initial 150,000 shares became vested and exercisable under the conditions in Joshua Bergers stock option agreement.



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.





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 May 23, 2005.





WISEDRIVER.COM, INC.

By:/s/ Joshua BergerJoshua BergerPresident