U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

                ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                         -----------------------------
     For the Fiscal Year Ended                  Commission File Number
         December 31, 2002                             333-99101


                               STRATABID.COM, INC.
           Delaware                                      98-0381367
--------------------------------              -------------------------------
   (State of Incorporation)                   (I.R.S. Employer Identification)

                          Principal Executive Offices:
                      1500 West Georgia Street, Suite 1400
                       Vancouver, British Columbia V6G 2Z6
                            Telephone: (604) 734-9844

      Securities registered pursuant to Section 12(b) of the Exchange Act:

   Title of Each Class               Name of Each Exchange on Which Registered
   -------------------               -----------------------------------------
          None                                           None

      Securities registered pursuant to Section 12(g) of the Exchange Act:

                                      None
                                      ----
                                (Title of Class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation  S-B is not  contained  in  this  form,  and no  disclosure  will  be
contained,  to the  best of  Registrant's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [ X ]

The issuer's revenues for its most recent fiscal year were $12,831.

As of  March  24,  2003,  the  aggregate  value  of the  voting  stock  held  by
non-affiliates  of the  Registrant,  computed by reference to the average of the
bid and ask price on such date was approximately  $91,000 based upon the average
price of $0.25/share.

As of March 24, 2003, the Registrant had outstanding  1,364,000 shares of common
stock ($0.0001 par value).

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


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<PAGE>
                       Documents Incorporated by Reference

  Certain exhibits required by Item 13 have been  incorporated by reference from
  the Company's previously filed SB-2 Registration Statement.
  ------------------------------------------------------------------------------




















































                                       ii
<PAGE>
                               TABLE OF CONTENTS
                                                                       Page of
                                                                        Report
                                                                       -------

PART I.....................................................................2


        ITEM 1.DESCRIPTION OF BUSINESS.....................................2

        ITEM 2.DESCRIPTION OF PROPERTY.....................................7

        ITEM 3.LEGAL PROCEEDINGS...........................................7

        ITEM 4.SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.........7


PART II....................................................................7


        ITEM  5.  MARKET FOR THE REGISTRANT'S COMMON STOCK AND
                  RELATED STOCKHOLDER MATTERS..............................7

        ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS AND
                  PLAN OF OPERATION........................................10

        ITEM 7.   FINANCIAL STATEMENTS.....................................16

        Page 16

        Independent Auditor's Report.......................................17

        ITEM 8.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
                  ACCOUNTING AND FINANCIAL DISCLOSURE......................28


PART III...................................................................29


        ITEM 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
                  PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE
                  EXCHANGE ACT.............................................29

        ITEM 10.  EXECUTIVE COMPENSATION...................................29

        ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
                  MANAGEMENT...............................................32

        ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS...........32

        ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K.........................33

        ITEM 14.  CONTROLS AND PROCEDURES..................................33




                                       1
<PAGE>

                                    PART I

ITEM 1.     DESCRIPTION OF BUSINESS

General

Stratabid.com, Inc. (referred to hereafter as "StrataBid" or the "Company") is a
startup stage Internet based commercial mortgage origination business. The
Company operates primarily through its wholly-owned subsidiary, Stratabid.com
Online (B.C.) Ltd. which provides services throughout Canada.

Corporate History

StrataBid was incorporated in the State of Delaware on January 14, 2000. On that
date it issued 1,000,000 shares of its common stock to its initial founder,
Steven Bruk for $1,000. Mr. Bruk developed the initial concept for the online
commercial mortgage business but was unable to implement the business plan due
to lack of financial resources and other commitments on his time.

On January 25, 2001, Mr. Bruk sold his 1,000,000 shares of common stock to Derek
Wasson. In connection with the acquisition by Mr. Wasson of the shares from Mr.
Bruk, Mr. Bruk resigned as the sole director and officer and Derek Wasson was
appointed in his place.

Industry Overview

According to Statistics Canada, an agency of the Canadian government, almost $50
billion in commercial mortgage transactions are made every year in Canada.
Commercial mortgage transactions involve secured financing for the development
or purchase of apartment, industrial, retail and office buildings.

The past decade has been a time of significant change in the Canadian commercial
mortgage market. The traditional large volume lenders, such as life insurance
and trust companies, have merged or exited the market such that fewer lenders
are now engaged in the commercial lending business. The Company believes that
trust companies are handling only a quarter of the business they did ten years
ago while life insurance companies continue to be the largest volume lender that
represent only about half of the number of companies as compared to ten years
ago. Commercial banks have also been a source for commercial lending. However,
due to mergers and consolidations, fewer banks now compete in this industry. New
lenders in the commercial mortgage market include credit unions and caisse
populaires which have made strong inroads into the commercial lending market
along with several U.S. financial companies and MBS lenders who have also
recently entered this market. As a result, the commercial mortgage market has
become increasingly fragmented and confusing as viewed by the typical commercial
mortgage borrower.

Business of StrataBid

StrataBid intends to create an Internet based solution for arranging commercial
term mortgages. In order to take advantage of its streamlined processing
procedures, and its lower cost basis, StrataBid will target term loans secured
by income producing properties in amounts of between approximately $650,000 and



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<PAGE>
$6,500,000 ($CDN 1 and $CDN 10 million). StrataBid believes that this loan size
will comport to its online application process and underwriting review and
provide the best application-to-consummation ratio. In addition, focusing on
income producing properties is deemed to provide the most straightforward
underwriting evaluation and lend themselves well to the abbreviated loan
applications prepared on the StrataBid website.

To implement the Company's strategic plan, it developed and launched its website
in June 2002. The website address is "www.stratabid.com." Initially, website
visitors could review the online loan application and utilize a mortgage
calculator. As of October 1, 2002, the first four member lenders were added to
the website which is now fully functional. Customers can now visit the website,
learn about the services offered by StrataBid, review interest rates, use online
tools to compare financing scenarios, and complete and submit a commercial
property loan application. The application will be screened by a StrataBid
underwriter, initially by StrataBid's President, and, if the application meets
certain underwriting criteria, will be submitted to one or more member lenders
for funding consideration.

The Company plans to give borrowers the opportunity to apply directly to a
qualified list of lenders interested in financing commercial properties.
Borrowers will be able to log on to the StrataBid online marketplace where they
will find a home page with links to three separate areas to work on their
financing needs. In one area they will find a set of software tools allowing
borrowers to perform technical analysis such as compare interest rates, loan
payments and amortization, financing scenario comparisons and pay-out
calculations. A second area will be a showcase of the participating lenders
("member lenders") and their products. The third area will allow borrowers to
complete an online application form and return it to StrataBid. The Company
plans to contract with experienced loan underwriters who will review the
applications. If the application is complete and meets the underwriting
guidelines it will be forwarded to the member lenders who, based upon
pre-determined configurations of each lender, have expressed interest in
financing such borrowers. The application will also be posted to a bulletin
board where it can be viewed by all member lenders. The lenders will review the
application and if interested will provide bid letters to StrataBid which will
forward them to the borrower. The Company will then work with the borrower and
the lender selected by the borrower to document and close the loan. Loan
transactions will be completed with no brokerage fees to the borrower.

StrataBid's plan of business will provide two benefits to its member lenders.
Firstly, StrataBid will provide a targeted forum featuring lenders' logos to
promote its member lenders' products and build their brand name which is
increasingly important in today's constantly changing mortgage market. Secondly,
StrataBid will generate financing opportunities at no cost to its member lenders
who can be listed on the StrataBid website for free. The Company's member
lenders only pay referral fees to the Company when and if a loan transaction is
consummated.

Referral fees will range from 1/4% to 1/2% of the loan principal amount.
Referral fee percentages will vary depending on the size and complexity of the
loan with larger loans typically assessed a lower fee percentage. The referral
fee will be negotiated by StrataBid with the particular member lender and
documented in the closing loan documentation.



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<PAGE>
The Company currently has four member lenders and anticipates having a fifth
member lender added during 2003. Member lenders will agree to a one-year listing
term with StrataBid during which term they are entitled to be listed on the
StrataBid website and receive referrals as a member lender. These listing terms
are oral arrangements at this time and StrataBid does not currently require a
written agreement from the lender members. Listing terms can be renewed at the
end of each term subject to request by the lender and approval by StrataBid. The
initial member lenders include TD Canada Trust, Maple Mortgage Trust, First
Marathon Mortgage Corporation and Canada Life Mortgage Services, Ltd.

After the mortgage lending business is established, the Company plans to start
soliciting for advertising on its website. The Company anticipates that various
property service providers such as escrow companies, property managers, building
contractors, etc. will pay a fee to have their advertising posted on the
StrataBid website. Member lenders will be charged a fee for advertising only if
such member lender wishes to place advertising in addition to the lender listing
provided at no charge. As of the end of fiscal year 2002, no advertising had yet
been added to the StrataBid website.

StrataBid will focus its business development in Canada, particularly in the
Provinces of British Columbia, Alberta and Ontario. StrataBid's mission is to
create Canada's first national online commercial mortgage brokerage service.

As of December 31, 2002, the Company had closed two financing transactions, a
term loan of $1,550,000 which generated referral fees of $8,900 and a term loan
of $650,000 which generated referral fees of $4,000.

Principal Products or Services

StrataBid plans to provide an Internet-based marketplace where commercial
mortgage borrowers and mortgage lenders come together to make commercial
mortgage transactions. The online marketplace will be a "no user fee" commercial
mortgage aggregator, which will offer the services of traditional mortgage
brokers.

The Company will provide commercial mortgage borrowers with a readily available
website which will give them access to mortgage calculation tools, an online
application capability and direct access to a list of qualified lenders who are
interested in financing commercial properties. Borrowers will have the ease of
making one loan application from the convenience of their own computer which is
promptly evaluated by qualified underwriters retained by StrataBid. Such
underwriters will review the application and either return it if it fails to
meet underwriting guidelines or forward it to those member lenders who will be
most likely to be interested in and bid for the loan transaction. The borrower
also has the benefit of having to pay no fee for utilizing the Company's
services.

As a commercial mortgage brokerage firm, StrataBid expects that lenders will be
drawn to participate in this web-based marketplace because it will generate
financing opportunities in the market's most desirable segments. As mortgage
origination is competitive and costly for lenders, the Company's service is
planned to generate deal opportunities for its member lenders with no upfront
marketing costs. The Company also plans to provide the underwriting services
required to document and evaluate each application and facilitate closing the
loan. StrataBid member lenders will pay a referral fee to StrataBid only when a
transaction has been successfully completed.

                                       4
<PAGE>
As the Company's business matures, it plans to add new services until it
operates a fully integrated commercial real estate portal. Initially, such new
services will include the addition of paid advertising by vendors and service
providers. The Company is actively soliciting customers to design and display
advertising on the StrataBid website. Longer term services could include
strategic partnerships with other related service providers and hosting
commercial property listings.

The Company's marketplace will also serve mortgage brokers that may represent
commercial borrowers but lack the tools to identify financing sources. These
mortgage brokers may be located away from major centers and lack access to the
commercial lending market, or may be residential specialists that lack the
expertise in commercial mortgage finance. A mortgage broker can utilize
StrataBid's services much like a borrower by submitting commercial mortgage
applications on behalf of his or her clients. StrataBid will earn a referral fee
if the loan is funded and the broker can bill his or her client for the services
he or she has provided. In the future, the Company plans to create a broker
center to service the mortgage brokerage community whereby brokers, for a fee,
will be able to take advantage of customized online marketplace technologies and
lender base as well as the Company's underwriting services.

Marketing

Borrowers have traditionally arranged financing of commercial real estate
properties in one of two ways: through lenders directly or through mortgage
brokers. More recently, in the United Stated borrowers have been able to access
mortgage funds online through commercial mortgage brokerage sites.

Lenders are the providers of funds for commercial mortgage financing. In the
Canadian market, these lenders would include trust companies, life insurance
companies, credit unions and caisse populaires. In addition, several United
States based financial companies have been making inroads into the Canadian
commercial mortgage market. In addition to providing mortgage funding, lenders
also solicit mortgages directly from the borrowers. StrataBid's competitive edge
over other lenders is its ability to offer a borrower a list of member lenders
to select from. StrataBid's application process allows a borrower to be
considered by lenders for whom he/she is deemed to be a qualified applicant. In
addition, a borrower could receive bids from more than one lender, thus giving
the borrower a choice of lenders. From the lenders' point of view, the Company's
service provides a free marketing tool and the advantage of receiving only
pre-screened mortgage applications. The lender is charged a referral fee only if
and when a loan transaction is consummated.

The Company's business plan involves working directly with established lenders
to connect them with borrowers directly and by doing so replace the traditional
mortgage brokers as intermediaries between borrowers and lenders. Traditional
mortgage brokers market their financing expertise and market knowledge to
borrowers. However, the transparency of the Company's online marketplace will
enable borrowers with quality commercial real estate financing opportunities to
access a selection of lenders who can then bid on the opportunity similar to a
broker, but without the fees typically associated with utilizing mortgage
brokers. However, it is anticipated that many mortgage brokers, who represent
under-served areas or lack experience in commercial (as opposed to residential)
mortgage lending, will find StrataBid's online marketplace a convenient and cost
effective method of securing a commercial mortgage for their client.


                                       5
<PAGE>
Online commercial mortgage brokerages are only beginning in Canada. In the
United States, several companies offer an online commercial mortgage brokerage
model. By being one of the first companies to offer this online mortgage loan
capability in Canada, StrataBid hopes to establish its web-based program and
lender participation before other competitors enter the market.


Competition

The Company's principal sources of competition will include established lenders,
traditional mortgage brokers and eventually other online mortgage originators.

As an early entrant into the online commercial mortgage origination market in
Canada, the Company will have to heavily promote its name and services in order
to create consumer awareness. However, even if borrowers become aware of the
Company's services, there is no assurance that borrowers will choose to utilize
its web-based services as an alternative to more traditional mortgage
transactions with lenders or through a mortgage broker. There is the possibility
that the Company's online services will be utilized by fewer, perhaps less
qualified borrowers which would result in fewer consummated transactions and
lower revenues.

Conversely, if StrataBid is successful in implementing its business plan by
drawing significant numbers of qualified borrowers, its anticipates additional
competition to be forthcoming very quickly. The mortgage brokerage business has
relatively low barriers to entry which allow participates to enter the market
with relative ease. Many of such competitors would have greater name recognition
and financial resources than StrataBid does. As a result, competitors could
acquire significant market share. StrataBid's inability to generate awareness of
its web-based services and establish competitive advantages in the commercial
mortgage marketplace would have a material adverse effect on its operations and
profitability.

Intellectual Property, Government Approvals and Regulation

The Company's trade name, web site designs and business plan are not protected
by any patents or copyrights. The Company's website domain name is registered
with Network Solutions, Inc. and its website is maintained by Combustion
Hosting. The Company is not subject to government regulation nor does it require
any government approvals in either Canada or the United States to provide
Internet or web design services to its customers. The Company may be subject to
regulations in the future if state or federal agencies choose to impose
regulations applicable to the Internet.

Persons performing mortgage broker services are subject to licensing by each
Canadian province in which they do business. Mr. Wasson is a licensed mortgage
broker in the Canadian provinces of Alberta, British Columbia and Ontario. No
further licensing is required by StrataBid in order to carry-on its online
mortgage brokerage business.

Research and Development Expenditures

During fiscal year 2001, the Company did not spend any funds on website research
and development. The Company spent approximately $1,696 during fiscal year 2002
for website research and development.


                                       6
<PAGE>
Employees

StrataBid currently has one full-time employee, Derek Wasson who is its sole
officer and director. Mr. Wasson currently devotes substantially all of his time
to the development and operation of StrataBid including the underwriting service
on loan applications until a full-time mortgage underwriter is hired. StrataBid
also utilizes the services of a public relations consultant and a web designer
on an as-needed basis. The Company expects to have one mortgage underwriter and
one sales person on staff within the first half of 2003. The hiring of initial
employees will depend on securing sufficient funding or realizing increased cash
flow from operations to cover employee costs. Hiring of other management, staff
and consultants will occur incrementally as funds become available and the need
arises. The Company has no collective bargaining agreement or employment
agreements in existence.


ITEM 2.     DESCRIPTION OF PROPERTY

The Company's corporate and operational offices are located at Suite 1400, 1500
West Georgia Street, Vancouver, British Columbia, Canada V6G 2Z6 where it leases
office space under a month-to-month lease at a rental rate of $250 a month. Rent
for the first four months from January to April of 2002 was donated by the
president of StrataBid. As of May 1, 2002, StrataBid has paid the monthly rent
for this office space. The Company believes this space is sufficient at this
time and plans to move to expanded office space are contingent upon obtaining
additional outside capital or increasing cash flow to allow for the hiring of
full-time employees. The Company does not have any material assets and, as such,
it does not own any real or personal property.


ITEM 3.     LEGAL PROCEEDINGS

Management is not aware of any pending or threatened litigation involving
StrataBid or its officers or director, nor does it have any reason to believe
that any such litigation is threatened.


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

None.

















                                       7
<PAGE>
                                     PART II

ITEM 5.     MARKET FOR THE REGISTRANT'S COMMON STOCK AND
            RELATED STOCKHOLDER MATTERS

StrataBid's  common  stock is not quoted on any  exchange and there is no public
trading market.

As of March 24, 2003 , StrataBid had 1,364,000 issued and outstanding  shares of
common  stock held by 18  stockholders  of record.  Of the  1,364,000  shares of
common  stock  outstanding  as of March 24, 2003,  110,000  shares had been sold
pursuant to Company's  SB-2  registration  statement and  approximately  504,000
shares were  eligible for resale  pursuant to the SB-2  registration  statement.
Except for the shares registered in the SB-2 prospectus, StrataBid does not have
any current  intention or obligation to register any additional shares of common
stock for sale.

There is no public market for  StrataBid's  common  stock.  Trades of its common
stock,  should a market  ever  develop,  will be  subject  to Rule  15g-9 of the
Securities  and  Exchange  Commission   ("SEC"),   which  rule  imposes  certain
requirements  on  broker/dealers  who  sell  securities  subject  to the rule to
persons  other  than  established  customers  and  accredited   investors.   For
transactions   covered  by  the  rule,   brokers/dealers  must  make  a  special
suitability  determination  for  purchasers  of the  securities  and receive the
purchaser's written agreement to the transaction prior to sale. The SEC also has
rules that regulate  broker/dealer  practices in connection with transactions in
"penny  stocks".  Penny stocks  generally are equity  securities with a price of
less than $5.00 (other than securities registered on certain national securities
exchanges or quoted on the NASDAQ system, provided that current price and volume
information  with respect to  transactions  in that  security is provided by the
exchange or system).  The penny stock rules require a broker/ dealer, prior to a
transaction in a penny stock not otherwise  exempt from the rules,  to deliver a
standardized  risk  disclosure  document  proscribed  by the SEC  that  provides
information  about  penny  stocks and the nature and level of risks in the penny
stock market.  The broker/dealer also must provide the customer with current bid
and offer quotations for the penny stock, the compensation of the  broker/dealer
and its salesperson in the transaction,  and monthly account  statements showing
the market value of each penny stock held in the customer's account. The bid and
offer   quotations,   and  the   broker/dealer   and  salesperson   compensation
information,  must be  given  to the  customer  orally  or in  writing  prior to
effecting the transaction and must be given to the customer in writing before or
with the customer's  confirmation.  These  disclosure  requirements may have the
effect of reducing  the level of trading  activity in the  secondary  market for
StrataBid's  common stock. As a result of these rules,  stockholders,  even if a
market for StrataBid's shares ever develops, may find it difficult to sell their
shares.

StrataBid does not have any outstanding options,  warrants or other arrangements
providing for the issuance of additional shares of its capital stock.

As of March 24,  2003,  there  were  approximately  18  holders of record of the
Company's Common Stock. This amount does not include shares held in street name.





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Preferred Stock

The provisions in the Company's  Certificate of Incorporation allow its board of
directors to issue  preferred  stock with  rights,  preferences  and  privileges
superior to our common stock.  The issuance of preferred  stock with such rights
may make the  removal of  management  difficult  even if such  removal  would be
considered  beneficial to  stockholders  generally.  It would have the effect of
limiting  stockholder  participation in certain  transactions such as mergers or
tender offers if such transactions are not favored by our management.  There are
no shares of  preferred  stock  outstanding,  and  there are no  current  plans,
arrangements,  commitments or undertakings to issue additional  preferred stock.
However,  the board of directors has the authority to issue additional shares of
preferred  stock at any time up to the amount  authorized in our  Certificate of
Incorporation.

Dividend Policy

The Company has never paid any cash  dividends on its common stock.  The Company
currently  anticipates  that it will retain all future  earnings  for use in its
business.  Consequently, it does not anticipate paying any cash dividends in the
foreseeable future.

Equity Compensation Plan Information
<TABLE>
<S>                    <C>                        <C>                       <C>
---------------------- -------------------------- ------------------------- -------------------------
Plan category          Number of securities to be Weighted-average exercise Number of securities
                       issued upon exercise  of   price of outstanding      remaining available for
                       outstanding options,       options, warrants and     future issuance under
                       warrants and rights        rights                    equity compensation plans
                                                                            (excluding securities
                                                                            reflected in column (a))

                       (a)                        (b)                       (c)
---------------------- -------------------------- ------------------------- -------------------------
Equity compensation
plans approved by
security holders               None                          N/A                          N/A
---------------------- -------------------------- ------------------------- -------------------------
Equity compensation
plans not approved by
security holders               None                          N/A                          N/A
---------------------- -------------------------- ------------------------- -------------------------
Total                          None                       ________                     _________

---------------------- -------------------------- ------------------------- -------------------------
</TABLE>


Recent Sales of Unregistered Securities

During the  Company's  last three fiscal years,  it issued the following  equity
securities  pursuant to exemption from registration  under the Securities Act of
1933 (the "1933 Act").

In January  2000,  the Company  sold  1,000,0000  shares of its common  stock to
Steven Bruk, the initial founder,  for $1,000. The sale of these shares was made
in  conjunction  with the initial  formation  of  StrataBid  to the founder in a




                                       9
<PAGE>
private  transaction  which was deemed  exempt  from  registration  pursuant  to
Section 4(2) of the 1933 Act.

On July 5, 2002,  the Company  sold  254,0000  shares of its common  stock to 14
investors, all of whom reside in British Columbia,  Canada and are not deemed to
be "U.S.  persons" as that term is defined  under  Regulation  S. The  investors
represented  that they were purchasing  such shares for their own account.  Both
the offer and the sale of the shares were made outside the United States and are
deemed to be "offshore transactions" as that term is defined under Regulation S.
The share certificates  contain a legend indicating that such shares can only be
transferred  in compliance  with the provisions of Regulation S. In light of the
foregoing,   such  sales  were  deemed  exempt  from  registration  pursuant  to
Regulation S of the 1933 Act.

Recent Sales of Registered Securities

Subsequent  to the  Company's  year end,  on January  24,  2003,  the  Company's
registration  statement  on Form SB-2 was  declared  effective  by the SEC (File
#333-99101).

The  offering  of  500,000  shares of common  stock  ($0.0001  par value) by the
Company  commenced on January 24, 2003. The registration  statement also covered
the  offering of up to 504,000  shares of common  stock  ($0.0001  par value) by
selling  stockholders.  The shares  offered by both the  Company and the selling
stockholders are being offered at $0.25 per share.

As of March 24,  2003,  the Company had sold  110,000  shares of common stock at
$0.25 per share raising proceeds of $27,500. According to the Company's transfer
agent,  as of March 24, 2003,  none of the selling  stockholders  had  submitted
shares for transfer.

No  underwriting  fees or  commissions or finder's fees were paid in conjunction
with this  offering.  The Company had paid or had allocated  $24,931  related to
expenses of the  registration  statement  including  legal and accounting  fees.
After  deducting  offering  expenses,  the Company  had $2,570 of net  proceeds,
which, as of March 24, 2003, had been disbursed or allocated as follows:

         $1,385       to Completion Corp. for SEC electronic filing costs
         $965         to Interwest Transfer Co., Inc. for transfer agent fees
         $95          to Delaware Registry, Ltd. for registered agent fees

The Company  expects to raise  additional  proceeds in this offering  before its
termination date of April 30, 2003.


ITEM 6.     MANAGEMENT'S DISCUSSION AND ANALYSIS AND
            PLAN OF OPERATION

For more detailed  financial  information,  please refer to the audited December
31, 2002 Financial Statements included in this Form 10-KSB.

Caution About Forward-Looking Statements

This Form 10-KSB includes  "forward-looking"  statements  about future financial
results, future business changes and other events that haven't yet occurred. For


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<PAGE>
example,  statements  like we "expect,"  we  "anticipate"  or we  "believe"  are
forward-looking  statements. Such forward-looking statements have been completed
on the basis of  assumptions  made by management and considered by management to
be  reasonable.  The  assumptions  represent  estimates of future events and are
subject to various  uncertainties  including  changes in economic,  legislative,
industry, and other circumstances. As a result of these risks and uncertainties,
investors  should be aware that actual  results may differ  materially  from the
Company's expressed  expectations.  The Company does not undertake to update the
information in this Form 10-KSB if any forward-looking statement later turns out
to be inaccurate. Details about risks affecting various aspects of the Company's
business  are  discussed  throughout  this Form 10-KSB and should be  considered
carefully.

Plan of Operation for the Next Twelve Months

StrataBid was  incorporated in the State of Delaware on January 14, 2000.  Since
inception,  it has relied on equity  financings  to fund its  operations.  Funds
required to finance the Company's future Internet  services,  marketing  efforts
and  ongoing  business  are  expected  to come  primarily  from debt and  equity
financing with the remainder provided from operating  revenues.  The Company has
generated  only limited  operating  revenues to date.  Future  financings may be
necessary  to meet its  anticipated  working  capital  needs  during the current
fiscal year.  Potential sources of additional capital include private placements
with institutional investors and/or a public offering of its common stock.

StrataBid's plan of business encompasses the following steps.

   o     Raise capital of up to $125,000 through the sale of equity securities

   o     During  the next twelve months develop and refine its website including
         expending   approximately   $5,000   to   design   and  display  vendor
         advertising.

   o     Continue  discussions with additional mortgage lenders with the goal of
         adding  between one and four more  member  lenders  during  fiscal year
         2003. The cost of this effort is estimated at $2,000.

   o     Aggressively  market its commercial  mortgage services  including print
         advertising  and  hosting a booth at the  International  Conference  of
         Shopping  Centers  ("ICSC")  in  Whistler,   B.C.  in  January.   Print
         advertising  is estimated to cost $350 over the next 52 weeks while the
         participation in the ICSC conference is estimated to cost $3,000.

   o     Payment of President's annual salary of $36,000.

   o     Six months of business consulting fees aggregating $9,000.

   o     During the next twelve months, hire and train a mortgage underwriter, a
         sales/marketing person and one or more support staff which is estimated
         to cost $27,000.

All of the above  milestones  are  expected  to be financed  primarily  from the
proceeds  from the sale of  common  stock and to a lesser  extent  by  operating
revenues and outside capital investment.



                                       11
<PAGE>
The Company has made initial progress in implementing its business. Its website,
www.stratabid.com  became active in June 2002 and the first four member  lenders
----------------- were added to the website as of October 1, 2002.

StrataBid will face  considerable  risks in each step of its business plan, such
as the anticipated difficulty in persuading the commercial real estate financing
industry to embrace the Internet.  Other anticipated  challenges include finding
and developing the Company's employees, meeting increasing competitive pressures
and overcoming  continuing  negative  economic  conditions  which tend to reduce
commercial property development and investment.

The Company began  generating  revenues from operations by late 2002 but it does
not  anticipate   generating  positive  cash  flow  until  the  second  year  of
operations.  Therefore,  the Company anticipates  obtaining the capital which it
will require to fund  operations  and growth  through a combination  of debt and
equity  financing.  The Company  anticipates that in the next 12 months, it will
need  approximately  $100,000 to establish and promote its  web-based  business.
Consequently,  if the  Company  raises  the  maximum  proceeds  from its  public
offering  ($125,000),  it would  expect  to have  sufficient  funds to meet cash
requirements for the next 12 months. If the Company raises less than the maximum
proceeds, it would expect to have sufficient funds to meet cash requirements for
the next 6-8 months assuming a program of reduced capital  expenditures would be
implemented.  There is no  assurance  that the  Company  will be able to  obtain
necessary  amounts of capital or that its estimates of its capital  requirements
will prove to be accurate.

If lesser amounts of proceeds are realized from the Company's  public  offering,
it would  curtail  print  advertising  expenditures  and  delay  the  hiring  of
full-time staff and securing larger office space.  The Company will be forced to
rely on its  existing  cash in the  bank  and  funds  loaned  by  management  if
insufficient  investment capital threatens its ongoing  operations.  StrataBid's
management has no formal commitments or arrangements to advance or loan funds to
the  Company.  In such a restricted  cash flow  scenario,  the Company  would be
unable to complete its business  plan, and would,  instead,  delay or reduce all
cash intensive activities.  Without necessary cash flow, the Company may be able
to sustain only  limited  operations  until such time as necessary  funds can be
raised.

Results of Operation

From the Company's  inception  until April 2001,  the Company was not conducting
active  business  operations.  After April 2001, at which time Mr. Wasson bought
control of the Company,  StrataBid commenced business operations relating to its
business plan to establish an Internet  based  commercial  mortgage  origination
business.  As a result,  the  Company is in the early  development  stage of its
business.

Due to the  Company's  partial  operations  during  the year  2001,  comparisons
between the operating results of the Company for the years 2001 and 2002 are not
as  relevant  as they  otherwise  would be if the  Company  had been  engaged in
business  operations during both full fiscal years. In addition,  because of the
Company's  current growth  strategy,  the results of operations for the last two
fiscal years will likely not be indicative of the Company's  future  operations.
The current management  discussion and analysis should be read in the context of
the Company's  commencement of business  operations in April 2001 as a result of
its change of control.

                                       12
<PAGE>
Operating Results for the Years Ended December 31, 2002 and 2001

As a result of the Company's  commencing  active business  development in fiscal
year 2001, its revenues  increased from zero in fiscal 2001 to $12,831 in fiscal
2002. Such revenues were generated  through referral fees paid by member lenders
relating  to  commercial  mortgage  transactions   consummated  with  commercial
borrows.  These fees were paid with regard to two mortgage  transactions  closed
during fiscal year 2002.

Operating  expenses  increased  from  $16,226 in fiscal  year 2001 to $91,491 in
fiscal year 2002. This substantial  increase represents  StrataBid's  operations
for a full year in 2002 and its continued  development and implementation of its
business  during fiscal year 2002.  Professional  and consulting fees aggregated
$61,270 which included $19,345 of professional  fees relating to the preparation
of the  Company's  Registration  Statement  filed with the U.S.  Securities  and
Exchange  Commission  ("SEC")  during  fiscal  year 2002.  Consulting  fees also
include $24,876 earned by the Company's  President in lieu of salary.  Operating
expenses  include  donated  services  valued at $2000 for  fiscal  year 2002 and
$12,000  for fiscal  year 2001  relating  to the  development  of the  Company's
business  plan by its  President.  The  Company  paid  $5,506 in office rent and
telephone  costs and  received  $1,000 of donated rent from its  President.  The
Company  spent  $3,404 in travel and  promotion,  which  amount is  expected  to
increase  during the current  fiscal year as the Company  seeks to increase  the
awareness and use of its web based mortgage business.

The Company's  net loss for the year 2002 was $91,491  compared to a net loss of
$16,226 in fiscal  year 2001.  The larger  loss  recorded  in 2002,  reflect the
commencement of operating revenues offset by substantial  increases in operating
expenses  relating to the Company's  development of its business and preparation
of its SEC registration statement. The smaller net loss in 2001 reflects initial
start-up costs incurred during April through December of 2001.

Liquidity and Capital Resources

StrataBid has incurred  losses since the inception of its business  (January 14,
2000),  and, as of December 31, 2002, it has an accumulated  deficit of $95,840.
At December 31, 2002, the Company had cash and cash  equivalents of $3,761 and a
net working capital deficit of $36,210.

To date,  the  Company  has  funded  its  operations  through a  combination  of
short-term  debt and the  issuance of common  stock and to a lesser  extent from
revenues.  During fiscal year 2002, the Company had raised $50,800 from the sale
of 254,000  shares of common  stock  through  private  placement  channels.  The
Company also realized $3,000 of donated services and rent from a related party.

As  of  December  31,  2002,  StrataBid's  principal  commitments  included  its
obligation to pay $1,500 per month under its consulting arrangement with Big Sky
Management  Ltd.,  which can be cancelled  upon 30 days notice by either  party.
StrataBid  also has a  month-to-month  lease of $250 per month for the Company's
corporate offices.

During  fiscal  year 2002,  the  Company's  President  made loans to the Company
aggregating  $12,373 of which  $4,873  remained  outstanding  as of December 31,
2002.



                                       13
<PAGE>
The  Company's  audited  consolidated  financial  statements  for the year ended
December 31, 2002 were  prepared on a going  concern  basis in  accordance  with
United States generally accepted accounting principles.  The going concern basis
of  presentation  assumes  that the Company will  continue in operation  for the
foreseeable  future and will be able to realize  its  assets and  discharge  its
liabilities  and  commitments  in the normal  course of business.  However,  the
auditor has  indicated  that the  Company's  inability  to  generate  sufficient
revenue  raises  substantial  doubt as to its  ability  to  continue  as a going
concern.

The  Company   expects  its  expenses  will  continue  to  increase  during  the
foreseeable  future  as  a  result  of  increased  marketing  expenses  and  the
development of its website. The Company is dependent on the proceeds from future
debt or equity  investments  to supplement  its  operating  revenues in order to
sustain its operations and implement its business plan. If the Company is unable
to raise sufficient capital, it will be required to delay or forego some portion
of  its  business  plan,  which  may  have  a  material  adverse  effect  on its
anticipated results from operations and financial condition.  Alternatively, the
Company may seek interim financing in the form of bank loans,  private placement
of debt or  equity  securities,  or some  combination  of  these.  Such  interim
financing  may not be  available in the amounts or at the times when the Company
requires, and will likely not be on terms favourable to the Company.

Subsequent to the year end, StrataBid's SB-2 registration statement was declared
effective by the SEC. In addition to  registering  504,000  shares of its common
stock on behalf of selling stockholders, StrataBid has registered 500,000 shares
of its common  stock to be sold by the  Company at $0.25 per share.  As of March
24, 2003,  StrataBid had raised $27,500 from the sale of shares  pursuant to the
above registration statement.

Factors Affecting Future Operating Results

The Company has incurred  losses since  inception and has generated only limited
revenues  during 2002.  As a result of the losses and  negative  cash flows from
operations,  the  Company's  ability to continue  operations  will depend on its
ability to generate increased revenues and the availability of outside financing
for working capital. If the Company is unable to generate sufficient revenues in
the near  future  to cover  its  expenses  or obtain  outside  capital  to cover
operating  expenses,  it  may  be  unable  to  establish  or  maintain  business
operations.

StrataBid is a start-up company and is in the process of setting up its business
and website. The Company has only recently commenced its business operations and
has generated only minimal revenues.  As a result,  StrataBid has only a limited
operating  history upon which an  evaluation  of its future  performance  can be
made.  StrataBid's future prospects must be considered in light of the risks and
difficulties  encountered  by new companies  which have not yet  established  an
operating track record.

Because  StrataBid  has  minimal  revenues,  it  intends  to  fund  its  initial
operations  with  additional  outside  capital.  The Company  estimates  needing
approximately  $100,000 in the next 12 months to promote its web-based business.
Although  StrataBid  is seeking to raise up to $125,000 in a public  offering of
common stock,  there is no assurance that this amount or any  meaningful  amount



                                       14
<PAGE>
will be raised in this offering.  If StrataBid is unable to obtain  financing in
the amounts and on  acceptable  terms,  its business and future  success will be
adversely  affected.  To date,  the  Company  has  relied  on the sale of equity
securities to meet its operational and capital  requirements.  Any future equity
financing  could  result in  dilution  to  StrataBid  stockholders.  Future debt
financing  will result in interest  expense and the risk that  StrataBid  cannot
repay the debt when due.

The success of the  Company's  Internet  based  business  will depend on several
factors including:

   o     Electronic commerce is still developing and may not be suitable for the
         commercial real estate financing industry and even if suitable, may not
         capture sufficient business to generate profitable operations;

   o     The  commercial   real  estate  financing  industry  has  traditionally
         relied on non-Internet based means of doing business;

   o     StrataBid has no long term contracts or agreements  with its  customers
         or lenders and, as a result,  it has no assurance of  ongoing revenues;

   o     StrataBid's  ability to increase consumer  awareness of and willingness
         to utilize Internet-based  services to apply for commercial real estate
         loans;

   o     Government  regulation  or  taxation  may adversely affect the users of
         electronic commerce.

Any of the above  factors could  prevent the  Company's  commercial  real estate
related Internet services and new products from attracting sufficient numbers of
customers to result in profits.

Although the Company has back up facilities for its computer systems,  it relies
on one provider to host the StrataBid  website.  If the  Company's  website host
failed to provide service to its systems,  StrataBid would be unable to maintain
website availability.  Interruptions could result from natural disasters as well
as power  loss,  telecommunications  failure  and  similar  events.  StrataBid's
business  depends on the  efficient  and reliable  operation of its computer and
communications  hardware  systems.  Any  system  interruptions  that  causes the
Company's  website  to be  unavailable  could  materially  adversely  affect its
business.

The  Company  may be  subject to legal  claims  relating  to the  content in its
website and related  products.  Some of the content  proposed for the  Company's
online  marketplace may be drawn from data compiled by other parties,  including
governmental  and commercial  sources.  The Company will then reformat that data
and produce  specialized  products based on that market  segment.  This data may
have  errors.  If the  Company's  content is  improperly  used or if it supplies
incorrect  information,  it could result in  unexpected  liability.  StrataBid's
business,  financial  condition  and  operating  results could suffer a material
adverse effect if costs or losses resulting from these claims are not covered by
its insurance or exceed its coverage.





                                       15
<PAGE>
ITEM 7.    FINANCIAL STATEMENTS

                                                                         Page
                                                                         ----
Index to Financial Statements

Report of Independent Accountants                                         17

Consolidated Balance Sheets as of December 31, 2002 and 2001              18

Consolidated Statements of Operations for the year ended                  19
December 31, 2002 and 2001 and for the period from
January 14, 2000 (Inception) to December 31, 2002

Consolidated Statements of Cash Flows for the year ended                  20
December 31, 2002and 2001 and for the period from
January 14, 2000 (Inception) to December 31, 2002

Consolidated Statements of Stockholders' Equity for the years             21
ended December 31, 2002 and 2001 and for the period from
January 14, 2000 (Inception) to December 31, 2002

Notes to the Consolidated Financial Statements                          22-25


































                                       16
<PAGE>
                      [MANNING ELLIOTT LOGO]
MANNING ELLIOTT                    11th floor,1050 West Pender Street,Vancouver,
                                   BC, Canada V6E 357
CHARTERED ACCOUNTANTS              Phone:604.714.3600 Fax:604.715.3669
                                   Web:manningelliott.com

Independent Auditor's Report


To the Board of Directors and Stockholders of
Stratabid.com, Inc.
(A Development Stage Company)


We have audited the accompanying  consolidated  balance sheets of Stratabid.com,
Inc. (A  Development  Stage  Company)  as of December  31, 2002 and 2001 and the
related  consolidated  statements of  operations,  cash flows and  stockholders'
equity  accumulated  for the period from January 14, 2000 (Date of Inception) to
December  31,  2002 and the  years  ended  December  31,  2002 and  2001.  These
financial  statements are the  responsibility of the Company's  management.  Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

We conducted  our audits in accordance  with U.S.  generally  accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion,  the aforementioned  consolidated  financial  statements present
fairly, in all material respects, the financial position of Stratabid.com,  Inc.
(A Development Stage Company), as of December 31, 2002 and 2001, and the results
of its operations and its cash flows accumulated for the period from January 14,
2000 (Date of Inception)  to December 31, 2002 and the years ended  December 31,
2002 and 2001, in conformity with U.S. generally accepted accounting principles.

The accompanying  financial  statements have been prepared  assuming the Company
will  continue  as a going  concern.  As  discussed  in Note 1 to the  financial
statements,  the Company has not obtained profitable  operations since inception
and will need equity  financing to begin realizing upon its business plan. These
factors raise  substantial  doubt about the  Company's  ability to continue as a
going concern.  Management's plans in regard to these matters are also discussed
in Note 1. The financial  statements do not include any  adjustments  that might
result from the outcome of this uncertainty.


/s/ "Manning Elliott"

CHARTERED ACCOUNTANTS

Vancouver, Canada

March 25, 2003

                                       17
<PAGE>
Stratabid.com, Inc.
(A Development Stage Company)
Consolidated Balance Sheets
(expressed in U.S. dollars)
                                                 December 31,      December 31,
                                                     2002              2001
Assets                                                $                 $

Current Assets
Cash                                                3,761                70
Accounts receivable                                 4,012                 -
-------------------------------------------------------------------------------
Total Current Assets                                7,773                70

Equipment (Note 3)                                  1,644                 -
Website Development Costs                           1,696                 -
Deferred Financing Cost (Note 4)                   19,345                 -
-------------------------------------------------------------------------------
Total Assets                                       30,458                70
===============================================================================
Liabilities and Stockholders' Deficit

Current Liabilities

Accounts payable                                   33,610                 -
Accrued liabilities                                 5,500             1,000
Due to a related party (Note 4)                     4,873               250
-------------------------------------------------------------------------------
Total Liabilities                                  43,983             1,250
-------------------------------------------------------------------------------
Commitments (Note 1)

Stockholders' Deficit

Preferred Stock, 5,000,000 preferred                    -                 -
shares authorized with a par value
of $0.0001, none issued

Common Stock, 30,000,000 common                       125               100
shares authorized with a par value of
$0.0001, 1,254,000 and 1,000,000 common
shares issued and outstanding respectively

Additional Paid in Capital                         64,375               900
Donated Capital (Note 4)                           18,000            15,000
-------------------------------------------------------------------------------
                                                   82,500            16,000

Accumulated Other Comprehensive Loss                 (185)                -
Deficit Accumulated During the Development Stage  (95,840)          (17,180)
-------------------------------------------------------------------------------
Total Stockholders' Deficit                       (13,525)           (1,180)
-------------------------------------------------------------------------------
Total Liabilities and Stockholders' Deficit        30,458                70
===============================================================================

     (The accompanying notes are integral part of the financial statements)
                                       18
<PAGE>
Stratabid.com, Inc.
(A Development Stage Company)
Consolidated Statement of Operations
(expressed in U.S. dollars)

                                                                    From
                                        Year       Year       January 14, 2000
                                       Ended       Ended    (Date of Inception)
                                     December     December    to December 31,
                                     31, 2002     31, 2001          2002
                                         $            $               $

Revenue                                 12,831            -             12,831
-------------------------------------------------------------------------------
Expenses

Accounting and audit                     8,600        1,000              9,600
Amortization of equipment                  239            -                239
Bank charges                               407           77                648
Consulting (Note 4)                     39,338            -             39,338
Discount on shares issued               12,700            -             12,700
Donated rent (Note 4)                    1,000        3,000              4,000
Donated services (Note 4)                2,000       12,000             14,000
Foreign exchange                           623            -                623
Legal                                   13,332          149             13,481
Office, rent and telephone               5,506            -              5,506
Organizational                             521            -              1,311
Transfer agent and regulatory fees       3,821            -              3,821
Travel and promotion                     3,404            -              3,404
-------------------------------------------------------------------------------
                                        91,491       16,226            108,671
-------------------------------------------------------------------------------
Net Loss for the Period                (78,660)     (16,226)           (95,840)
===============================================================================
Net Loss Per Share                       (0.07)       (0.02)
===============================================================================
Weighted Average Shares Outstanding  1,127,000    1,000,000
===============================================================================
(Diluted loss per share has not been presented as the result is anti-dilutive)

















     (The accompanying notes are integral part of the financial statements)
                                       19
<PAGE>
Stratabid.com, Inc.
(A Development Stage Company)
Consolidated Statement of Cash Flows
(expressed in U.S. dollars)
<TABLE>
<S>                                                   <C>           <C>              <C>
                                                                                      From
                                                        Year        Year       January 14, 2000
                                                       Ended        Ended    (Date of Inception)
                                                     December      December    to December 31,
                                                     31, 2002      31, 2001          2002
                                                         $             $               $

Cash Flows to Operating Activities

Net loss for the period                               (78,660)      (16,226)          (95,840)

Adjustments to reconcile net loss to cash

Amortization of equipment                                 239             -               239
Discount on shares issued                              12,700             -            12,700
Donated services and rent                               3,000        15,000            18,000
Organizational expenses paid by a shareholder               -             -               790

Change in non-cash working capital items
Increase in accounts receivable                        (4,012)            -            (4,012)
Increase in accounts payable and accrued liabilities   38,110         1,000            39,110
---------------------------------------------------------------------------------------------
Net Cash Used by Operating Activities                 (28,623)         (226)          (29,013)
---------------------------------------------------------------------------------------------
Cash Flows to Investing Activities
Purchase of equipment                                  (1,883)            -            (1,883)
Website development costs                              (1,696)            -            (1,696)
---------------------------------------------------------------------------------------------
Net Cash Used In Investing Activities                  (3,579)            -            (3,579)
---------------------------------------------------------------------------------------------
Cash Flows from Financing Activities
Proceeds from a related party                           4,623           250             4,873
Issuance of common stock                               50,800             -            51,010
Payment of deferred financing costs                   (19,345)            -           (19,345)
---------------------------------------------------------------------------------------------
Net Cash Provided by Financing Activities              36,078           250            36,538
---------------------------------------------------------------------------------------------
Effect of Exchange Rate Changes on Cash                  (185)            -              (185)
---------------------------------------------------------------------------------------------
Increase in cash                                        3,691            24             3,761
Cash - beginning of period                                 70            46                 -
---------------------------------------------------------------------------------------------
Cash - end of period                                    3,761            70             3,761
=============================================================================================
Non-Cash Financing Activities
Discount on shares issued                              12,700             -            12,700
=============================================================================================
Supplemental Disclosures
Interest paid                                               -             -                 -
Income tax paid                                             -             -                 -
</TABLE>


     (The accompanying notes are integral part of the financial statements)

                                       20
<PAGE>
Stratabid.com, Inc.
(A Development Stage Company)
Consolidated Statement of Stockholders' Equity
From January 14, 2000 (Date of Inception) to December 31, 2002
(expressed in U.S. dollars))
<TABLE>
<S>                          <C>        <C>   <C>        <C>     <C>           <C>     <C>

                                                                                       Deficit
                                                                 Accumulated         Accumulated
                                              Additional            Other             During the
                                                Paid-in  Donated Comprehensive       Development
                                Shares  Amount  Capital  Capital     Loss       Total   Stage
                                   #      $        $        $         $           $       $

Balance - January 14, 2000           -      -         -       -          -          -        -
(Date of Inception)

Stock issued for cash and    1,000,000    100       900       -          -      1,000        -
organizational expenses
(Note 3)

Net loss for the period              -      -         -       -          -          -     (954)
-------------------------------------------------------------------------------------------------
Balance - December 31, 2000  1,000,000    100       900       -          -      1,000     (954)

Value of services and rent           -      -         -  15,000          -     15,000        -
donated by a related party

Net loss for the year                -      -         -       -          -          -  (16,226)
-------------------------------------------------------------------------------------------------
Balance - December 31, 2001  1,000,000    100       900  15,000          -     16,000  (17,180)

Stock issued at $0.25 per      254,000     25    63,475       -          -     63,500        -
share less a $0.05 per share
discount for cash proceeds
of $0.20 per share

Translation adjustment               -      -         -       -       (185)         -        -

Value of services and rent           -      -         -   3,000          -      3,000        -
donated by a related party

Net loss for the year                -      -         -       -          -          -  (78,660)
-------------------------------------------------------------------------------------------------
Balance - December 31, 2002  1,254,000    125    64,375  18,000       (185)    82,500  (95,840)
=================================================================================================
</TABLE>












     (The accompanying notes are integral part of the financial statements)

                                       21
<PAGE>
Stratabid.com, Inc.
(A Development State Company)
Notes to the Consolidated Financial Statements
For the Period From January 14, 2000 (Date of Inception) to December 31, 2002
(expressed in U.S. Dollars

1.       Development Stage Company

         Stratabid.com,  Inc.  herein (the  "Company") was  incorporated  in the
         State of  Delaware,  U.S.A.  on  January  14,  2000.  The  Company is a
         start-up stage Internet based commercial mortgage  origination business
         based  in  Vancouver,   BC,  Canada.   The  Company  offers  an  online
         alternative for arranging commercial term mortgages.  The Company gives
         borrowers the  opportunity to apply  directly to a qualified  market of
         lenders interested in financing their asset.  Borrowers will be able to
         log on to a website where they will find a home page featuring  lenders
         logos  and  links to three  separate  areas to work on their  financing
         needs.  In one  area  they  will  find a set of  software  tools  to do
         technical  analysis  such as compare  interest  rates,  loan  payments,
         amortizations,  financing scenario comparisons and payout calculations.
         Another  area will be a  showcase  of the  lending  partners  and their
         products.   In  the  last  area   borrowers  will  complete  an  online
         application  form  and  return  it  to  the  website.   An  experienced
         underwriter  for the Company  will review and forward it to the lending
         partners to provide  quotes on the deal.  The lender that is successful
         in arranging the financing  will pay the Company a referral fee for the
         business.  For lending  partners  the Company  provides  two  benefits.
         Firstly it  provides a targeted  forum to promote  their  products  and
         build  their  brand,   which  is  increasingly   important  in  today's
         constantly  changing mortgage market.  Secondly it generates  financing
         opportunities  at no cost.  The  lenders  only pay  referral  fees when
         successful in arranging a loan.

         The Company is in the early  development  stage. In a development stage
         company,  management  devotes most of its  activities  in  developing a
         market for its products and services. Planned principal activities have
         not  yet  begun.  The  ability  of  the  Company  to  emerge  from  the
         development  stage  with  respect  to any  planned  principal  business
         activity is dependent upon its successful  efforts to raise  additional
         equity  financing  and/or  attain  profitable  operations.  There is no
         guarantee  that the Company will be able to raise any equity  financing
         or  sell  any of its  products  and  services  at a  profit.  There  is
         substantial  doubt  regarding  the  Company's  ability to continue as a
         going concern.

         Pursuant to a private placement Offering Memorandum, the Company issued
         254,000  common shares at $0.20 per share for total cash  consideration
         of $50,800 after a $0.05 per share, or $12,700 discount.

         The  Company  plans  to  raise  equity  funds  through  a  Registration
         Statement  filed  with  the  United  States   Securities  and  Exchange
         Commission. (See Note 7).





                                       22
<PAGE>
Stratabid.com, Inc.
(A Development State Company)
Notes to the Consolidated Financial Statements
For the Period From January 14, 2000 (Date of Inception) to December 31, 2002
(expressed in U.S. Dollars

2.       Summary of Significant Accounting Policies
   (a)   Use of Estimates

         The  preparation  of  financial  statements  in  conformity  with  U.S.
         generally accepted  accounting  principles  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  date of the  financial  statements  and the  reported  amounts  of
         revenues and expenses  during the periods.  Actual results could differ
         from those estimates.

   (b)   Consolidated Financial Statements

         These financial  statements  include  the  accounts  of  Stratabid.com,
         Inc.  and  its  wholly-owned  Canadian subsidiary  Stratabid.com Online
         (B.C.) Ltd. All inter-company balances have been eliminated.

   (c)   Year End

         The Company's fiscal year end is December 31.

   (d)   Cash and Cash Equivalents

         The Company considers all highly liquid  instruments with a maturity of
         three months or less at the time of issuance to be cash equivalents.

   (e)   Equipment

         Equipment  is  stated  at  cost.  Amortization  is  computed  on a  30%
         declining balance basis.

   (f)   Website Development Costs

         The Company  recognizes the costs  associated with developing a website
         in  accordance  with  the  American   Institute  of  Certified   Public
         Accountants   ("AICPA")   Statement  of  Position   ("SOP")  No.  98-1,
         "Accounting  for the Costs of Computer  Software  Developed or Obtained
         for Internal Use".  Relating to website  development  costs the Company
         follows the guidance  pursuant to the Emerging Issues Task Force (EITF)
         No. 00-2, "Accounting for Website Development Costs".

         The Company's  website is currently being  developed.  Costs associated
         with the website will consist  primarily of software  purchased  from a
         third party.  The Company is  capitalizing  costs of computer  software

         obtained for internal use in web design and network  operations.  These
         capitalized  costs will be amortized  based on their  estimated  useful
         life  over  three  years.   Payroll  and  related  costs  will  not  be
         capitalized, as the amounts principally relate to maintenance. Internal
         costs related to the development of website content will be expensed as
         incurred.
                                       23
<PAGE>
Stratabid.com, Inc.
(A Development State Company)
Notes to the Consolidated Financial Statements
For the Period From January 14, 2000 (Date of Inception) to December 31, 2002
(expressed in U.S. Dollars

2.       Summary of Significant Accounting Policies (continued)

   (g)   Long-Lived Assets

         In  accordance  with  Financial  Accounting  Standards  Board  ("FASB")
         Statement  of  Financial   Accounting   Standards   ("SFAS")  No.  144,
         Accounting for the  Impairment or Disposal of Long Lived  Assets",  the
         carrying  value of  intangible  assets and other  long-lived  assets is
         reviewed on a regular basis for the existence of facts or circumstances
         that may suggest impairment.  The Company recognizes an impairment when
         the sum of the expected undiscounted future cash flows is less than the
         carrying amount of the asset.  Impairment  losses, if any, are measured
         as the excess of the  carrying  amount of the asset over its  estimated
         fair value.

   (h)   Foreign Currency Translation

         The functional  currency of the Company's  international  subsidiary is
         the local  currency.  The financial  statements of this  subsidiary are
         translated  to United  States  dollars in  accordance  with SFAS No. 52
         "Foreign Currency  Translation"  using period-end rates of exchange for
         assets and liabilities,  and average rates of exchange for the year for
         revenues  and  expenses.  Translation  gains  (losses)  are recorded in
         accumulated  other  comprehensive  income  (loss)  as  a  component  of
         stockholders' equity. Foreign currency transaction gains and losses are
         included in current operations.

   (i)   Revenue Recognition

         The Company  receives  from  lenders a referral fee when the Company is
         successful in arranging a loan.  The referral fee revenue is recognized
         in the period  the fee is earned.  The  Company  recognizes  revenue in
         accordance with  Securities and Exchange  Commission  Staff  Accounting
         Bulletin  No.  101  ("SAB  101"),  "Revenue  Recognition  in  Financial
         Statements."  Revenue  is  recognized  only  when the price is fixed or
         determinable, persuasive evidence of an arrangement exists, the service
         is performed, and collectibility is reasonably assured.

   (j)   Basic and Diluted Net Income (Loss) Per Share

         The Company  computes net income  (loss) per share in  accordance  with
         SFAS No.  128,  "Earnings  per Share"  (SFAS  128).  SFAS 128  requires
         presentation of both basic and diluted  earnings per share (EPS) on the
         face of the income  statement.  Basic EPS is computed  by dividing  net
         income  (loss)  available  to common  shareholders  (numerator)  by the
         weighted average number of shares outstanding  (denominator) during the
         period.  Diluted  EPS gives  effect to all  dilutive  potential  common
         shares outstanding during the period including stock options, using the
         treasury  stock method,  and  convertible  preferred  stock,  using the


                                       24
<PAGE>
Stratabid.com, Inc.
(A Development State Company)
Notes to the Consolidated Financial Statements
For the Period From January 14, 2000 (Date of Inception) to December 31, 2002
(expressed in U.S. Dollars

2.       Summary of Significant Accounting Policies (continued)

         if-converted  method. In computing Diluted EPS, the average stock price
         for the period is used in  determining  the number of shares assumed to
         be purchased  from the exercise of stock  options or warrants.  Diluted
         EPS  excludes  all  dilutive  potential  shares if their effect is anti
         dilutive.

   (k)   Financial Instruments

         The fair  values of cash and  equivalents,  accounts  payable,  accrued
         liabilities,  and due to a related party were  estimated to approximate
         their  carrying  values due to the immediate or short-term  maturity of
         these financial instruments. The Company's operations are in Canada and
         virtually  all of  its  assets  and  liabilities  are  giving  rise  to
         significant  exposure to market risks from changes in foreign  currency
         rates. The financial risk is the risk to the Company's  operations that
         arise from  fluctuations  in foreign  exchange  rates and the degree of
         volatility  of  these  rates.  Currently,  the  Company  does  not  use
         derivative instruments to reduce its exposure to foreign currency risk.

   (l)   Other Comprehensive Loss

         SFAS No. 130, "Reporting  Comprehensive  Income," establishes standards
         for the reporting and display of comprehensive  loss and its components
         in the financial  statements.  The Company had a comprehensive  loss of
         $78,845 and $16,226 which includes a foreign currency  translation loss
         of $185 and $Nil, at December 31, 2002 and 2001, respectively.

   (m)   Recent Accounting Pronouncements

         In  December  2002,  the FASB  issued  SFAS No.  148,  "Accounting  for
         Stock-Based  Compensation  - Transition and  Disclosure,"  which amends
         SFAS  No.  123 to  provide  alternative  methods  of  transition  for a
         voluntary  change to the fair  value  based  method of  accounting  for
         stock-based employee  compensation.  In addition,  SFAS No. 148 expands
         the disclosure  requirements  of SFAS No. 123 to require more prominent
         disclosures in both annual and interim  financial  statements about the
         method of accounting  for  stock-based  employee  compensation  and the
         effect  of  the  method  used  on  reported  results.   The  transition
         provisions  of SFAS No. 148 are  effective for fiscal years ended after
         December 15, 2002. The  transition  provisions do not currently have an
         impact on the Company's  consolidated financial position and results of
         operations as the Company has no stock-based employee compensation. The
         disclosure  provisions  of SFAS No.  148 are  effective  for  financial
         statements for interim  periods  beginning after December 15, 2002. The
         Company  will  adopt the  disclosure  requirements  of SFAS No.  148 if
         stock-based compensation is awarded to employees.



                                       25
<PAGE>
Stratabid.com, Inc.
(A Development State Company)
Notes to the Consolidated Financial Statements
For the Period From January 14, 2000 (Date of Inception) to December 31, 2002
(expressed in U.S. Dollars

2.       Summary of Significant Accounting Policies (continued)

         In  June,  2002,  FASB  issued  SFAS No.  146,  "Accounting  for  Costs
         Associated  with Exit or Disposal  Activities".  The provisions of this
         Statement  are  effective  for  exit or  disposal  activities  that are
         initiated after December 31, 2002, with early  application  encouraged.
         This Statement addresses  financial  accounting and reporting for costs
         associated  with exit or disposal  activities  and  nullifies  Emerging
         Issues Task Force  (EITF) Issue No. 94-3,  "Liability  Recognition  for
         Certain  Employee  Termination  Benefits  and  Other  Costs  to Exit an
         Activity  (including Certain Costs Incurred in a Restructuring)".  This
         Statement  requires that a liability for a cost associated with an exit
         or disposal activity be recognized when the liability is incurred.  The
         Company  will adopt  SFAS No.  146 on  January  1, 2003.  The effect of
         adoption of this  standard on the Company's  results of operations  and
         financial position is being evaluated.

         FASB has also  issued  SFAS No.  145 and 147 but they will not have any
         relationship  to the operations of the Company  therefore a description
         of each and their  respective  impact on the Company's  operations have
         not been disclosed.

3.   Equipment
                                                December 31, December 31,
                                                   2002         2001
                                  Accumulated    Carrying     Carrying
                           Cost   Amortization    Value         Value
                            $          $            $             $

     Computer equipment   1,883            239       1,644              -
     ------------------ --------- -------------  ----------  -------------

4.       Deferred Financing Cost

         During the year the Company paid $19,345 for professional fees relating
         to the preparation of a Registration  Statement subsequently filed with
         the United States Securities and Exchange Commission. (See Note 7).

5.       Related Party Transactions/Balances

   (a)   The  business  plan the  Company is  exploiting  was  developed  by the
         President and sole  shareholder of the Company on behalf of the Company
         during the period ended fiscal 2001. There was no charge to the Company
         for these  services  valued at $2,000 for fiscal  2002 and  $12,000 for
         fiscal 2001. Rent and office costs valued at $1,000 for fiscal 2002 and
         $3,000 for fiscal 2001 were paid for by this  related  party at no cost
         to the Company.  These services and costs,  valued at $18,000 from date
         of inception, are treated as donated capital and charged to operations.



                                       26
<PAGE>
Stratabid.com, Inc.
(A Development State Company)
Notes to the Consolidated Financial Statements
For the Period From January 14, 2000 (Date of Inception) to December 31, 2002
(expressed in U.S. Dollars

5.       Related Party Transactions/Balances (Continued)

   (b)   The President of the Company was paid $24,876 for  consulting  services
         during the year ended December 31, 2002.

   (c)   A  loan  of  $4,873  is  due  to  the  President  of  the Company on an
         unsecured, non-interest  bearing, demand basis.

   (d)   During he period,  a note payable of $7,500 was due to the President of
         the Company on an unsecured, non-interest bearing, demand  basis.  This
         note   was   repaid  on  June  12, 2002  out of proceeds from a private
         placement.

6.       Income Tax

         Potential  benefits  of income  tax losses  are not  recognized  in the
         accounts  until  realization  is more likely than not.  The Company has
         adopted  Statement of  Financial  Accounting  Standards  No. 109 ("SFAS
         109") as of its  inception.  The Company  has  incurred  net  operating
         losses of $84,234,  which expire starting in 2015. Pursuant to SFAS 109
         the Company is required to compute tax asset benefits for net operating
         losses carried forward.  Potential benefit of net operating losses have
         not been recognized in these financial  statements  because the Company
         cannot be assured it is more  likely  than not it will  utilize the net
         operating losses carried forward in future years.

         The  components  of the net deferred tax asset at December 31, 2002 and
         2001,  and the  statutory  tax  rate,  the  effective  tax rate and the
         elected amount of the valuation allowance are scheduled below:

                                              2002                 2001
                                               $                    $

Net Operating Loss                           82,054               1,226
Statutory Tax Rate                               34%                 34%
Effective Tax Rate                                -                   -
Deferred Tax Asset                           27,898                 417
Valuation Allowance                         (27,898)               (417)
-------------------------------------  ------------------  -------------------
Net Deferred Tax Asset                            -                   -
=====================================  ==================  ===================

7.       Subsequent Event

         In January 2003, the Company filed a Registration Statement (SB-2) with
         the  United  States  Securities  and  Exchange  Commission  (SEC).  The
         statement was subsequently  declared  effective by the SEC. The Company
         plans to raise additional equity funds to finance operations.



                                       27
<PAGE>
ITEM 8.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
            ACCOUNTING AND FINANCIAL DISCLOSURE

None





















































                                       28
<PAGE>
                                    PART III

ITEM 9.     DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
            PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

Directors and Executive Officers

Our sole director and executive officer, and his age and positions, and duration
as such, are as follows:

Name                Position                  Age          Director Since
-------          ---------------              ---          --------------
Derek Wasson  President, Secretary, Chief     37           January 25, 2001
              Financial Officer and Director

Business Experience

The  following  is  information  on the business  experience  of our officer and
director.

Derek Wasson is the sole full-time employee,  officer and director of StrataBid.
From 1995 to 2002, he has been a Senior  Associate  Commercial  Mortgage  Broker
with Realtech Capital Group Inc. of Vancouver,  British Columbia.  Realtech is a
full service  commercial  mortgage  brokerage  firm  operating in Canada.  Their
services include  commercial and multi-family term and construction  lending and
equity  syndications.  From  1991-1995,  Mr.  Wasson was  employed as a mortgage
broker for Mortgage  Centre  Firstline of Vancouver,  British  Columbia where he
arranged commercial and residential mortgages. Mr. Wasson is a licensed mortgage
broker in the Canadian province of British Columbia.  Mr. Wasson holds a B.A. in
International Relations from the University of British Columbia.

The  director   holds  office  until  his  successor  is  duly  elected  by  the
stockholders.  Executive  officers  serve  at  the  pleasure  of  the  Board  of
Directors.

Board Meetings and Committees

The Board of  Directors  of the Company  held one meeting and acted by unanimous
consent on seven  occasions  during the year ended  December 31, 2002. The Board
does not currently have an Audit, Executive or Compensation Committee.

Section 16(a) Beneficial Ownership Reporting Compliance

The Company is not currently  subject to  compliance  under Section 16(a) of the
Securities Exchange Act of 1934.


ITEM 10.    EXECUTIVE COMPENSATION

The following table sets forth the compensation of the Company's Chief Executive
Officer during the last three completed fiscal years. No other officers received
annual compensation in excess of $100,000 during the last completed fiscal year.





                                       29
<PAGE>
                           Summary Compensation Table
<TABLE>
<S>           <C>      <C>     <C>     <C>            <C>         <C>      <C>         <C>
                       Annual Compensation                Long Term  Compensation
                       ---------------------------  ----------------------------------------
                                                            Awards          Payout
                                                    ----------------------  -------
                Year   Salary  Bonus  Other Annual  Restricted  Securities   LTIP    All Other
                                ($)   Compensation    Stock     Underlying  Payout  Compensation
                                         ($)         Award(s)   Options (#)  ($)        ($)
-------------------------------------------------------------------------------------------------
Derek Wasson  2002     - 0 -   - 0 -   $19,047(1)     - 0 -       - 0 -     - 0 -      - 0 -
CEO           2001(2)   -0-     -0-      -0-           -0-         -0-       -0-        -0-

Steven Bruk   2001(3)  - 0 -   - 0 -    - 0 -         - 0 -       - 0 -     - 0 -      - 0 -
(Former CEO)  2000(4)  - 0 -   - 0 -    - 0 -         - 0 -       - 0 -     - 0 -      - 0 -
</TABLE>
-----------------------------
(1) Represents consulting fees paid in 2002.
(2) For the period January 25, 2001 to December 31, 2001.
(3) For the period January 1, 2001 to January 25, 2001
(4) For the period January 14, 2000 (incorporation) to December 31, 2000.

As of November 1, 2002, Mr. Wasson was authorized to draw a salary of $3,000 per
month but only if StrataBid has funds  available to do so. No salary was paid to
Mr.  Wasson during 2002. Up to six months of Mr.  Wasson's  salary  ($18,000) is
intended to be paid from proceeds of the Company's public offering.  Thereafter,
Mr.  Wasson's salary will be adjusted on the basis of revenues and cash flows of
StrataBid,  but is not expected to exceed  $3,000 per month for the  foreseeable
future.  After six months, if a monthly salary cannot be sustained by StrataBid,
Mr. Wasson  expects to continue  receiving  consulting  fees of up to $2,875 per
month which would be paid periodically when and if funds are available to do so.
Mr.  Wasson's  salary is  intended  to  provide a regular  monthly  amount  paid
semi-monthly while Mr. Wasson's  consulting fees reflect an irregular,  variable
amount paid when and if funds are available to do so.

Employment/Consulting Agreements

The Company does not have any employment agreements.

The Company has entered into a consulting agreement with Big Sky Management Ltd.
of  Vancouver,  British  Columbia  dated  March 21,  2002  pursuant to which the
Company  has  retained  Big  Sky  Management  Ltd.  to  serve  as its  financial
consultant in connection  with the Company's  organization  and  financing.  The
Company has agreed to pay Big Sky  Management  Ltd. the sum of $1,500 per month.
As of December 31, 2002,  Big Sky Management  had been paid  consulting  fees of
$9,630 with an  additional  $4,815 being  accrued as of December 31, 2002.  This
consulting  agreement may be terminated by either party with 30 days notice. The
Company has also agreed to  reimburse  Big Sky  Management  Ltd.  for all out of
pocket  expenses  incurred  by it.  Neither  Big Sky  Management  nor any of its
employees are affiliates of StrataBid.

Stock Option Plan

The  Company  does  not  have a stock  option  plan  and it has not  issued  any
warrants, options or other rights to acquire its securities.

                                       30
<PAGE>
Employee Pension, Profit Sharing or other Retirement Plans

The Company does not have a defined  benefit,  pension plan,  profit  sharing or
other  retirement  plan,  although it may adopt one or more of such plans in the
future.

Director's Compensation

At present the Company does not pay its directors for attending  meetings of its
Board of Directors, although its expects to adopt a director compensation policy
in the future.  The Company  has no standard  arrangement  pursuant to which its
directors  are  compensated  for any  services  provided  as a  director  or for
committee participation or special assignments.

Limitation of liability and indemnification matters

The General Corporation Law of the State of Delaware permits  indemnification of
directors,  officers,  and employees of  corporations  under certain  conditions
subject to certain  limitations.  Article  XIII of  StrataBid's  Certificate  of
Incorporation  states  that  it  may  provide  indemnification  of  its  agents,
including  its officers and  directors  to the maximum  extent  permitted by the
Delaware  Corporation Law. In the event that a claim for indemnification  (other
than the payment by StrataBid of expenses  incurred or paid by its sole director
and officer in the  successful  defense of any action,  suit or  proceeding)  is
asserted by such director,  officer or controlling person in connection with the
securities in the Company's registered  offering,  StrataBid will, unless in the
opinion of its counsel  the matter has been  settled by  controlling  precedent,
submit  to a  court  of  appropriate  jurisdiction  the  question  whether  such
indemnification  by  it is  appropriate  and  will  be  governed  by  the  final
adjudication of such issue.

Insofar as indemnification  for liabilities  arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons pursuant to
the foregoing provisions,  or otherwise,  StrataBid has been advised that in the
opinion of the  Commission  such  indemnification  is against  public  policy as
expressed in the Securities Act and is, therefore, unenforceable.





















                                       31
<PAGE>
ITEM 11.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
            MANAGEMENT

The  following  table sets forth the  number of shares of the  Company's  Common
Stock beneficially owned as of March 24, 2003 by: (i) each executive officer and
director of the  Company;  (ii) all  executive  officers  and  directors  of the
Company as a group;  and (iii)  owners of more than 5% of the  Company's  Common
Stock.

  -------------------------- ------------------ ------------------- ----------
  Name and Address of                            Number of Shares
  Beneficial Owner                Position      Beneficially Owned   Percent
  -------------------------- ------------------ ------------------- ----------
  Derek Wasson
  1675 Larch Street          Chairman and CEO       1,000,000*        73%
  Vancouver, BC V3K 3N7
  -------------------------- ------------------ ------------------- ----------
  All officers and directors
  as a group (1 individual)                         1,000,000*        73%
  -------------------------- ------------------ ------------------- ----------

------------------------------
* Amount  excludes  2,000  shares  of  the  Company's  common stock owned by the
parents of Mr. Wasson, for which Mr. Wasson disclaims any beneficiary ownership.

Change in Control

On January 25, 2001, Steven Bruk sold his 1,000,000 shares of StrataBid's common
stock to Derek Wasson. As a result of this transaction, Mr. Bruk resigned as the
sole director and officer of StrataBid and Mr. Wasson assumed those positions of
the Company.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Due to the fact that  Steven  Bruk  originally  founded  StrataBid,  he could be
deemed a promoter of  StrataBid.  He  originally  paid $1,000 for his  1,000,000
share of stock upon  formation in January,  2000. On January 25, 2001,  Mr. Bruk
sold the 1,000,000  shares held by him to Derek Wasson for $1,000.  In addition,
Mr. Bruk resigned as the Company's  sole officer and director and Mr. Wasson was
appointed in his place.

Derek Wasson earned $24,876 in consulting fees from March 2002 to December 2002.
Commencing  November  1, 2002  StrataBid  intended  to pay Mr.  Wasson a monthly
salary of $3,000 but only to the extent  funds were  available  to do so without
curtailing StrataBid's operational  requirements.  If a monthly salary cannot be
sustained,  StrataBid  will  continue to pay a consulting  fee of  approximately
$2,875 per month periodically as and if funds are available to do so. No monthly
salary was paid during 2002.

During 2002,  Mr.  Wasson had advanced  $12,373 to StrataBid  for the purpose of
paying various costs and expenses  associated with establishing its business and
website.  On June  12,  2002,  Mr.  Wasson  was  repaid  $7,500  of this  amount
represented by a non-interest  bearing  demand  promissory  note. The balance of
$4,873 is non-interest bearing and payable on demand.

..

                                       32
<PAGE>
ITEM 13.    EXHIBITS AND REPORTS ON FORM 8-K

         (a)      Exhibits

         Exhibit 3.1(1)    Certificate of Incorporation dated January 14, 2000.
         Exhibit 3.2(1)    Bylaws
         Exhibit 10.1(1)   Consulting Agreement with Big Sky Management, Ltd.
         Exhibit 99.1      Certification by CEO pursuant to Sections 302 of the
                           Sarbanes-Oxley Act of 2002.
         Exhibit 99.2      Certification by CFO pursuant to Sections 302 of the
                           Sarbanes-Oxley Act of 2002.
         Exhibit 99.3      Certification pursuant to Section 906 of the Sarbanes
                           -Oxley Act of 2002
--------------------------

(1)  Incorporated  by  reference  to exhibits  previously  filed on Form SB-2 on
September 3, 2002.


         (b) Reports on Form 8-K filed  during the quarter  ended  December  31,
2002:

         None.


ITEM 14.    CONTROLS AND PROCEDURES

Within 90 days prior to the date of this Form 10KSB,  the Company carried out an
evaluation,  under the supervision and with the  participation  of the Company's
management,  including the Company's  President and Chief Financial Officer,  of
the  effectiveness  of the  design and  operation  of the  Company's  disclosure
controls and  procedures  pursuant to Exchange Act Rule 13a-14.  Based upon that
evaluation,  the Company's  President and Chief Financial Officer concluded that
the  Company's  disclosure  controls  and  procedures  are  effective  in timely
alerting  him to material  information  relating  to the Company  required to be
included in this Form 10-KSB.

There have been no significant  changes in the Company's internal controls or in
other factors, which could significantly affect the internal controls subsequent
to the date the Company carried out its evaluation.
















                                       33
<PAGE>
                                   SIGNATURES

In  accordance  with  Section 13 or 15 (d) of the Exchange  Act, the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

DATE:  April 3, 2003            STRATABID.COM, INC.


                                By  /s/ Derek Wasson
                                    --------------------------------------------
                                    Derek Wasson, President and Chief Executive
                                    Officer and Chief Financial Officer
                                    (Principal Financial and Accounting Officer)

In  accordance  with the Exchange  Act, this report has been signed below by the
following  persons on behalf of the  registrant and in the capacities and on the
dates indicated.

Signature                   Title                                Date
---------                   -----                                ----

    /s/ Derek Wasson        Chairman of the Board, Secretary     April 3, 2003
---------------------------
Derek Wasson





Supplemental  information to be Furnished With Reports Filed Pursuant to Section
15(d) of the Exchange Act By Non-reporting Issuers

         The Registrant has not prepared nor has it distributed an annual report
or proxy material to security holders during the fiscal year 2002.






















                                       34