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

                                   FORM 10-QSB

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

                 For the quarterly period ended August 31, 2004

                                       OR

[    ]           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                          OF THE SECURITIES ACT OF 1934

            For the transition period from            to
                                           -----------  -------------

                        Commission File Number: 333-64244


                             THE MACREPORT.NET, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Delaware                                               11-3584538
 ------------------------------                               -----------------
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                              Identification No.)


                              200 Broadhollow Road
                                    Suite 207
                               Melville, NY 11747
           -----------------------------------------------------------
          (Address, including zip code, of principal executive offices)

                                 (631) 393-5075
               --------------------------------------------------
              (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 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.

(1)Yes    X     No
        -----       -----

(2)Yes    X     No
        -----       -----

                      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.

     The number of shares of Common Stock outstanding as of August 31, 2004 was
16,283,809.

<PAGE>



                             THE MACREPORT.NET, INC.

                                   FORM 10-QSB

                                 August 31, 2004

                                      INDEX

                         PART I - FINANCIAL INFORMATION

                                                                           Page
   Item 1.                                                                 ----

                   Unaudited Consolidated Balance Sheet                     3

                   Unaudited Consolidated Statements of Operations          4-5

                   Unaudited Consolidated Statements of Cash Flows          6

                   Unaudited Notes to Consolidated Financial Statements     7

   Item 2.         Management's Discussion and Analysis of Financial
                   Condition and Results of Operations                      8

   Item 3.         Controls and Procedures                                  12


                   PART II - OTHER INFORMATION

   Item 1.         Legal Proceedings                                        13

   Item 2.         Changes in Securities                                    13

   Item 3.         Defaults by the Company upon Its Senior Securities       13

   Item 4.         Submission of Matters to a Vote of Security Holders      13

   Item 5.         Other Information                                        13

   Item 6.         Exhibits and Reports on Form 8-K                         13

                   Signatures                                               14

                                       2

<PAGE>


                                     PART I.
                              FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS



                    THE MACREPORT.NET, INC. AND SUBSIDIARIES
                     CONSOLIDATED BALANCE SHEET - UNAUDITED
                                 AUGUST 31, 2004

                                     ASSETS

CURRENT ASSETS:

   Cash  and cash equivalents                                       $   235,710
   Marketable securities                                                852,125
   Loan receivable                                                        2,000
                                                                    -----------

         Total Current Assets                                         1,089,835

PROPERTY AND EQUIPMENT, at cost, less accumulated
   depreciation of $36,276                                              172,809

OTHER ASSETS:

   Security deposits                                                      7,571
                                                                    -----------

         TOTAL ASSETS                                               $ 1,270,215
                                                                    ===========


LIABILITIES AND STOCKHOLDERS' DEFICIENCY

CURRENT LIABILITIES:

Accounts payable and accrued expenses                               $   526,541
Note payable                                                            982,056
Deferred revenue                                                        428,637
                                                                    -----------

         Total Current Liabilities                                    1,937,234

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIENCY:
   Preferred stock, $.0001 par value,
     5,000,000 shares authorized,
     no shares issued or outstanding                                       --
   Common stock, $.0001 par value,
     25,000,000 shares authorized
     16,283,809 shares issued and outstanding                             1,628
   Additional paid-in capital                                         1,680,783
   Deficit                                                           (2,349,430)
                                                                    -----------
         Total Stockholders' Deficiency                                (667,019)
                                                                    -----------

         TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY             $ 1,270,215
                                                                    ===========


          See accompanying notes to consolidated financial statements.

                                        3

<PAGE>
<TABLE>
<CAPTION>


                      THE MACREPORT.NET, INC. AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED



                                                           Three months ending
                                                        August 31,      August 31,
                                                           2004            2003
                                                       ------------    ------------
   <S>                                                 <C>             <C>
   Revenues                                            $    481,351    $     56,592

   Cost of Revenues                                          75,056          23,373
                                                       ------------    ------------
         Gross profit                                       406,295          33,219

   Selling, general and administrative expenses             309,367         297,201
                                                       ------------    ------------

         Income (Loss) before other income (expense)         96,928        (263,982)

   Other Income(Expense):
     Unrealized gain on non-marketable securities           321,780            --
     Realized loss on sale of marketable securities         (42,349)           --
     Interest expense                                       (20,262)        (36,278)
                                                       ------------    ------------
         Total other income (expense)                       259,169         (36,278)
                                                       ------------    ------------

         Net Income (Loss)                             $    356,097    $   (300,260)
                                                       ============    ============

Earnings (Loss) Per Share:

Basic                                                  $       0.02    $      (0.02)
                                                       ============    ============
Diluted                                                $       0.02    $      (0.02)
                                                       ============    ============

Weighted Average Number of Shares Outstanding:

Basic                                                    16,283,809      15,964,124
                                                       ============    ============
Diluted                                                  16,704,233      15,964,124
                                                       ============    ============


            See accompanying notes to consolidated financial statements.

                                          4
</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                     THE MACREPORT.NET, INC. AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED



                                                          Nine months ending

                                                       August 31,      August 31,
                                                          2004            2003
                                                      ------------    ------------
   <S>                                               <C>             <C>
   Revenues                                           $  1,599,870    $    288,434

   Cost of Revenues                                        203,716         112,427
                                                      ------------    ------------
         Gross profit                                    1,396,154         176,007

   Selling, general and administrative expenses            828,846         838,056
                                                      ------------    ------------

         Loss before other income (expense)                567,308        (662,049)
                                                      ------------    ------------

   Other Income(Expense):
     Unrealized gain on non-marketable securities          330,640            --
     Realized loss on sale of marketable securities         (2,482)           --
     Interest expense                                      (62,966)        (85,883)
                                                      ------------    ------------
         Total other income (expense)                      (85,883)         (1,412)
                                                      ------------    ------------


         Net Income (Loss)                            $    832,500    $   (747,932)
                                                      ============    ============



Earnings (Loss) Per Share:

Basic                                                 $       0.05    $      (0.05)
                                                      ============    ============
Diluted                                               $       0.05    $      (0.05)
                                                      ============    ============

Weighted Average Number of Shares Outstanding:

Basic                                                   16,280,292      15,905,079
                                                      ============    ============
Diluted                                                 16,686,057      15,905,079
                                                      ============    ============


           See accompanying notes to consolidated financial statements.

                                         5
</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                         THE MACREPORT.NET, INC. AND SUBSIDIARIES
                     CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED



                                                                  Nine months ending

                                                                August 31,     August 31,
                                                                  2004           2003
                                                               -----------    -----------
<S>                                                            <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
   Net income (loss)                                           $   832,500    $  (747,932)
   Adjustments to reconcile net income (loss) to net cash
     used in operating activities:
     Depreciation and amortization                                   7,760          9,089
     Unrealized gain on marketable securities                     (330,640)          --
     Realized loss on sale of marketable securities                  2,482           --
     Marketable securities received for payment of services     (1,033,919)          --
   Changes in assets and liabilities Increase (Decrease) in:
     Other Assets                                                     --           (3,900)
     Purchase of marketable securities                             (26,651)          --
                                                                              -----------
     Accounts payable and accrued expenses                         (18,759)        88,879
     Deferred revenue                                              392,534        (24,674)
                                                               -----------    -----------
         Total adjustments                                      (1,007,193)        69,394
                                                               -----------    -----------
     Net cash used in operating activities                        (174,693)      (678,538)
                                                               -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES
   Proceeds from sales of marketable securities                    557,103           --
   Payments made for property and equipment                       (148,568)        (6,246)
                                                               -----------    -----------
   Net cash provided (used) in investing activities                408,535         (6,248)
                                                               -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES
   Net proceeds from issuance of common stock                         --          130,000
   Net advances to stockholder                                        --         (112,150)
   Net proceeds from notes payable                                    --          621,359
                                                               -----------    -----------
     Net cash provided by financing activities                        --          639,209
                                                               -----------    -----------

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS               233,842        (45,577)

CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD                      1,868        146,658
                                                               -----------    -----------
CASH AND CASH EQUIVALENTS -  END OF PERIOD                     $   235,710    $   101,081
                                                               ===========    ===========


               See accompanying notes to consolidated financial statements.

                                             6
</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                     THE MACREPORT.NET, INC. AND SUBSIDIARY
                          (A Development Stage Entity)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED AUGUST 31, 2004 AND 2003


ITEM 1. FINANCIAL STATEMENTS

1. All financial statements are unaudited. All unaudited amounts are subject to
year-end adjustments and audit, but the Company believes all adjustments,
consisting only of normal and recurring adjustments, necessary to present fairly
the financial condition, results of operations and changes in cash flows for all
interim periods have been made. The results of operations for interim periods
are not necessarily indicative of the operating results for the full year.

Footnote disclosures normally included in the financial statements prepared in
accordance with generally accepted accounting principles have been omitted in
accordance with published rules and regulations of the Securities and Exchange
Commission. These financial statements should be read in conjunction with the
audited financial statements and notes thereto included in the Company's form
10-KSB for the most recent fiscal year.

2. Summary of Significant Accounting Policies - Principles of consolidation. The
accompanying consolidated financial statements include the accounts of all
subsidiaries. All significant intercompany accounts and transactions have been
eliminated.

3. Net Income Per Share. Basic net income per share is computed by dividing
income available to common shareholders by the weighted-average number of common
shares outstanding. Diluted earnings per share reflect, in periods in which they
have a dilutive effect, the impact of common shares issuable upon conversion of
convertible debt.

The reconciliation is as follows:

                                  Three Months Ended                   Nine Months Ended
                                  August 31,                           August 31,
                                  ---------------------                ---------------------
                                  2004             2003                2004             2003
--------------------------------------------------------------------------------------------------

<S>                                 <C>            <C>                 <C>            <C>
Weighted Average Number
  of Shares Outstanding             16,283,809     15,964,124          16,280,292     15,905,079
Effect of Dilutive Securities,
  common stock equivalents            420,424            --               405,765           --
                                    -------------------------          -------------------------
Weighted Average Number of
  Shares Outstanding, used for
  computing diluted earnings
  per share                         16,704,233     15,964,124          16,686,057     15,905,079
                                    =========================          =========================

                                               7
</TABLE>

<PAGE>
<TABLE>
<CAPTION>



Net income (loss) available to common shareholders for the computation of
diluted earnings per share is computed as follows:


                                             Three Months Ended               Nine Months Ended
                                             August 31,                       August 31,
                                             -------------------              ------------------
                                             2004           2003              2004           2003
----------------------------------------------------------------------------------------------------
<S>                                          <C>           <C>                <C>            <C>
Net Income (loss)                            $375,818      (300,260)          891,448        (747,932)
Interest Expense on
  Convertible Debt                             11,300          --              58,948            --
                                            --------------------------------------------------------
Net Income (loss) Available to Common
  Shareholders for Diluted Earnings
  Per Share                                  $356,097     ($300,260)         $832,500       ($747,932)
                                            =========================================================



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

The following discussion and analysis should be read in conjunction with our
financial statements and the notes thereto appearing elsewhere in this report.
This report contains statements that constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by the use of forward-looking
terminology, such as "may", "will", "should", "expect", "anticipate",
"estimate", "project", "continue", "plans", "intends" or other similar
terminology. We caution you that forward-looking statements are not guarantees
of future performance and involve risks and uncertainties, and that actual
results may differ materially from the statements that constitute
forward-looking statements as a result of various factors.

Introduction and Nature of Business

Our core strategy is to be a leading Web portal for financial professionals and
business decision makers and worldwide provider of multimedia production and
distribution services to corporations and other organizations. Our revenues have
been generated from the sale of package services to public and private
companies. The packages range from merely exposure on our web site to a
comprehensive service package, including unlimited press release services as
well as client exposure in "Institutional Investor" magazine.

The Company has incorporated Macnetworks, Inc., a Delaware corporation that is
wholly-owned by the Company. In February 2004, Macnetworks was appointed as a
General Partner for Van Pfeiffer, L.P., a New York limited partnership and hedge
fund that primarily invests in private investments in public companies. For its
services, Macnetworks will receive 1.5% of the net assets and 20% of profits, if
any, of Van Pfeiffer. Macnetworks has not, as of August 31, 2004, received any
compensation from Van Pfeiffer.

The Company has also incorporated The Marcellus Group, LLC, a New York limited
liability company. In July, 2004, The Marcellus Group purchased a commercial
building property in Marcellus, New York for the purposes of office space for
the Company. The building is currently being renovated for use by the Company. A
certain portion of the property will be rented for retail commercial use.

                                       8

</TABLE>

<PAGE>


Selected Financial Data

                                                        Nine Months ended,
                                                        ------------------
RESULTS OF OPERATIONS:                               August 31,     August 31,
                                                     ----------     ----------
                                                        2004           2003

Total revenues                                       $ 1,599,870   $   288,434

Net income (loss)                                    $   832,500   $  (747,932)


Basic income (loss) per common share                 $      0.05   $     (0.05)
Fully Diluted income (loss) per common share         $      0.05   $     (0.05)

Weighted average common shares outstanding Diluted    16,686,057    15,905,079



Overview


The MacReport.Net, Inc. was incorporated as a Delaware corporation in December
2000. We commenced operations at such time. We believe that we create high-value
information and applications to benefit private and public companies.

Prior to the fourth quarter of fiscal 2003, our activities have been primarily
devoted to business development, proof of concept activities, recruiting
personnel and other start-up activities, however, recently, our revenues have
grown substantially through sales of our services and products and the Company's
focus has shifted to growing its customer base.

The Company has incorporated Macnetworks, Inc., a Delaware corporation that is
wholly-owned by the Company. In February 2004, Macnetworks was appointed as a
General Partner for Van Pfeiffer, L.P., a New York limited partnership and hedge
fund that primarily invests in private investments in public companies. For its
services, Macnetworks will receive 1.5% of the net assets and 20% of profits, if
any, of Van Pfeiffer. Macnetworks has not, as of August, 31, 2004, received any
compensation from Van Pfeiffer.

The Company has also incorporated The Marcellus Group, LLC, a New York limited
liability company. In July, 2004, The Marcellus Group purchased a commercial
building property in Marcellus, New York for the purposes of office space for
the Company. The building is currently being renovated for use by the Company. A
certain portion of the property will be rented for retail commercial use.


General

We are an information and media company that provides a Web-based forum for
public and private issuers to communicate corporate audio and video news content
to the business, financial and investing community through our Web site, located
at www.macreport.net. We have built a user friendly, highly effective Web site
that aggregates and disseminates information from multiple sources.

Through content partnerships, we also provide Web-based financial information to
professionals who need quick access to reliable corporate, industry and market
intelligence. By visiting our website, users are able to access comprehensive
and up-to-the minute business and financial information on public and private
companies from several information providers drawing upon multiple sources of
content. Our services enable timely, online access to a wide array of
proprietary and partner content. These sources include both textual information,
such as news, trade press, SEC filings, executive biographies and analyst
reports, and numeric information, such as company financial results, stock
quotes and industry statistics.

                                       9

<PAGE>


We expect that visitors to our Web site use our information for their
professional endeavors, including financial and competitive research, as well as
for their personal activities. We believe that we provide advertisers with a
large, demographically desirable business audience.

We market and sell package services to public and private companies. The
packages range from merely exposure on our web site to a comprehensive service
package, including unlimited press release services as well as client exposure
in "Institutional Investor" magazine. The Company purchases advertising pages
from "Institutional Investor" magazine and, within these pages, highlights its
clients and information regarding such client' business. The press release
services can range from a set amount of client press releases per month to
unlimited.

Summary of Critical Accounting Policies; Significant Judgments and Estimates

Our discussion and analysis of our financial condition and results of operations
are based upon our Consolidated Financial Statements, which have been prepared
in accordance with accounting principles generally accepted in the United
States. The preparation of these financial statements requires us to make
significant estimates and judgments that affect the reported amounts of assets,
liabilities, revenues and expenses, and related disclosure of contingent assets
and liabilities. These items are regularly monitored and analyzed by management
for changes in facts and circumstances, and material changes in these estimates
could occur in the future. Changes in estimates are recorded in the period in
which they become known. We base our estimates on historical experience and
various other assumptions that we believe to be reasonable under the
circumstances. Actual results may differ from our estimates if past experience
or other assumptions do not turn out to be substantially accurate.

A summary of those accounting policies that we believe are most critical to
fully understanding and evaluating our financial results is set forth below.

Revenue Recognition and Allowance for Doubtful Accounts. We recognize revenue
from the provision of professional services under written service contracts with
our clients. We derive our revenue from fixed-price, fixed-time contracts.
Revenue generated from these contracts is recognized based on the ratio of labor
hours incurred to estimated total labor hours. This method is used because
reasonably dependable estimates of the revenues and costs applicable to various
stages of a contract can be made, based on historical experience and milestones
set in the contract.

If we do not accurately estimate the resources required or the scope of work to
be performed for a contract or we do not manage the project properly within the
planned time period, then we may recognize a loss on the contract. Provisions
for estimated losses on uncompleted contracts are made on a contract-by-contract
basis and are recognized in the period in which such losses are determined. We
have committed unanticipated additional resources to complete projects in the
past, which has resulted in lower than anticipated profitability or losses on
those contracts. We expect that we will experience similar situations in the
future. In addition, we may fix the price for some projects at an early stage of
the process, which could result in a fixed price that turns out to be too low
and, therefore, could adversely affect our business, financial condition and
results of operations.

In some instances during 2004 and 2003, we provided services to clients in
exchange for equity instruments of the client. We measure the fair value of the
equity instrument on the date the parties come to a mutual understanding of the
terms of the arrangement and a commitment for performance by us to earn the
equity instruments is reached, or when the equity is earned, whichever occurs
earlier.

                                       10

<PAGE>


Results of Operations

Three Months ended August 31, 2004 compared with three months ended August 31,
2003.

     Overall Financial Situation. The Company had revenues of $481,351 for the
three month period ended August 31, 2004, an increase of $424,759 or 751% from
the three month period ended August 31, 2003. The Company's revenues consisted
mainly of the selling of the packages of its services. The Company has cost of
revenues of $75,056 for the three month period ended August 31, 2004, an
increase of $51,683 or 221% from the three month period ended August 31, 2003.
The Company's cost of revenues includes the costs and expenses of its vendors
and subcontractors that provide services on behalf of the Company in connection
with its packages of services. The Company had a stockholders' deficiency at
August 31, 2004 in the amount of $667,019, a decrease of $782,930 from the
stockholders' deficiency at August 31, 2003 of $1,449,949. This decrease is
primarily due to the net income of $356,097 for the three month period ended
August 31, 2004. Selling general and administrative expenses increased from the
three month period ended August 31, 2003 by $12,166 or 4.3% resulting in income
from operations of $96,928 for the three month period ended August 31, 2004.
These expenses consist primarily of professional fees and other corporate
expenses, including business development and general legal activities. Interest
expense decreased by $16,016 for the three month period ended August 31, 2004
from $36,278 for the three month period ended August 31, 2003 primarily due to
the conversion of the convertible notes.

Nine Months ended August 31, 2004 compared with the Nine Months ended August 31,
2003.

     Overall Financial Situation. The Company had revenues of $1,599,870 with
costs of revenues of $203,716 for the nine-month period ended August 31, 2004,
an increase of $1,311,436 compared to the nine-month period ended August 31,
2003. The Company had costs of revenues of $112,427 during the nine-month period
ended August 31, 2003. The Company had a stockholders' deficiency at August 31,
2004 in the amount of $667,019, a decrease of $782,930 from the stockholders'
deficiency at August 31, 2003 of $1,449,949. This decrease is primarily due to
the net income of $832,500 for the nine month period ended August 31, 2004.
Selling general and administrative expenses decreased from the nine-month period
ended August 31, 2003 by $9,210 or 1%, resulting in income from operations of
$832,500 for the nine-month period ended August 31, 2004. These expenses consist
primarily of consulting fees, professional fees and other corporate expenses,
including business development and general legal activities. Interest expense
decreased by $22,917 for the nine-month period ended August 31, 2004 from
interest expense for the nine-month period ended August 31, 2003 of $85,883
primarily due to the conversion of the convertible notes.


Liquidity and Capital Resources

The Company has 18 convertible notes outstanding with an aggregate principal
amount of $977,997 to 12 persons. Pursuant to the terms of 17 of these notes
(aggregate principal amount of $225,000), the Company is in default. The Company
and the holders of these convertible notes (11 persons) are engaged in
discussions with respect to such convertible notes to either: (i) convert the
note into shares of common stock of the Company; (ii) pay the interest and
principal balance of the note; or (iii) extend the maturity dates of the
convertible notes. The Company anticipated that such discussions will be
consummated during the first quarter of our next fiscal year.

As of August 31, 2004, we had $235,710 in cash and cash equivalents.

To engage in certain components of our planned operations, we are required to
register with the Securities and Exchange Commission as an investment advisor
under the Investment Advisors Act of 1940, as amended. As an investment adviser,

                                       11

<PAGE>


we will be subject to restrictions against engaging in fraudulent, deceptive or
manipulative acts or practices. We will be subject to remedial sanctions,
including censure, limitations on our operations, suspension for a period not
exceeding 12 months, and revocation for, among other things, willfully violating
or aiding or abetting a violation of the Securities Act, the Exchange Act, the
Investment Company Act, the Investment Advisers Act or any rule or regulation
adopted pursuant to any of such acts.

We have filed with NASD Regulation entitlement forms for access to the
Investment Advisor Registration Depository (IARD) and have established an IARD
User Account. We have delayed the filing of Form ADV as our business model has
been modified and the components of our plans that require registration have not
been implemented and are not an integral part of our operations. However, until
such time as we file Form ADV, we will not be able to commence certain of our
planned operations. The requirement to register as an investment advisor with
the Securities and Exchange Commission will cause us to incur additional costs
and expenses, will result in delays in certain operations and the execution of
certain plans.

Current and Future Financing Needs

We have spent, and expect to continue to spend, substantial amounts in
connection with growing our customer base. We have 9 full time employees. We do
not engage any consultants.

Based on our current plans, we believe that our cash and cash equivalents and
cash flows (from increasing revenues) will be sufficient to enable us to meet
our planned operating needs. However, the actual amount of funds we may need to
operate is subject to many factors, some of which are beyond our control.

These factors include the following:

          o    costs associated with any acquisitions targets;

          o    costs associated with marketing our services; and

          o    our ability to grow our customer base and retain our current
               customers.

We have based our belief of not requiring any additional funds on assumptions
that may prove to be wrong.

ITEM 3.   CONTROLS AND PROCEDURES
          -----------------------

Within the 90-days prior to the filing of this quarterly report, we carried out
an evaluation, under the supervision and with the participation of our Chief
Executive Officer and Executive Vice President/Director, of the effectiveness of
the design and operation of our disclosure controls and procedures. Based on
this evaluation, our Chief Executive Officer and Vice President/Director
concluded that our disclosure controls and procedures are effective in timely
alerting them to material information required to be included in this quarterly
report.

There have been no significant changes in our internal controls or in other
factors that could significantly affect internal controls subsequent to our most
recent evaluation of our internal controls.

                                       12

<PAGE>


                                    PART II.

                                OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS
          -----------------

The Company is involved in various legal proceedings and claims incident to the
normal conduct of its business. The Company believes that such legal proceedings
and claims, individually and in the aggregate, are not likely to have a material
adverse effect on its financial position or results of operations.

ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS
          -----------------------------------------

None

ITEM 3.   DEFAULTS BY THE COMPANY UPON ITS SENIOR SECURITIES
          --------------------------------------------------

The Company has 18 convertible notes outstanding with an aggregate principal
amount of $977,997 to 12 persons. Pursuant to the terms of 17 of these notes
(aggregate principal amount of $225,000 and accrued interest of approximately
$32,000), the Company is in default. The Company and the holders of these
convertible notes (11 persons) are engaged in discussions with respect to such
convertible notes to either: (i) convert the note into shares of common stock of
the Company; (ii) pay the interest and principal balance of the note; or (iii)
extend the maturity dates of the convertible notes. The Company anticipated that
such discussions will be consummated during the first quarter of our next fiscal
year.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
          ---------------------------------------------------

None.

ITEM 5.   OTHER INFORMATION
          -----------------

None.

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

a)  Exhibits

Exhibit 31.1        Certification of V. William Lucchetti pursuant to Rule
                    13-14(a) and Item 307 of Regulation SB

Exhibit 32.1        Certification by V. William Lucchetti Pursuant to the 18
                    U.S.C. Section 1350, as Adopted Pursuant to Section 906 of
                    the Sarbanes-Oxley Act of 2002

b) Reports on Form 8-K

     None

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<PAGE>


                                   SIGNATURES

Pursuant to the requirements 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.


                                            THE MACREPORT.NET, INC.
                                            -----------------------
                                                 (Registrant)


                                            By:  /s/  Vito W. Lucchetti, Jr.
                                               --------------------------------
                                                      Vito W. Lucchetti, Jr.
                                                      Chairman, Chief Executive
                                                      Officer and President
                                                      (Principal Executive
                                                      Officer and Principal
                                                      Accounting and Financial
                                                      Officer)


Date:  October 15, 2004

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