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**

(Mark One)

[ X ] Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934

For the fiscal year ended December 31, 2001

[   ] Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ___________________ to ______________

Commission File Number 333-61424

**Cach Foods, Inc.**

(Name of small business issuer in its charter)

|**Nevada**

(State or other jurisdiction of incorporation or organization) | **82-0505220**

(I.R.S. Employer I.D. No.)
|-------------------------------------------------------------------------- | ------------------------------------------

**5555 North Star Ridge Road, Star, ID  83669**

(Address and Zip Code of principal executive offices)

Issuer's telephone number, including area code: **866-922-8073**

Securities registered pursuant to Section 12(b) of the Exchange Act: None

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

$.001 par value, common voting shares

(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 report(s), 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 contained in this form, and
no disclosure will be contained, to the best of the 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. [    ]

The issuer's revenue for its most recent fiscal year was: $-0-

The aggregate market value of the issuer's voting stock held as of March 28, 2002, by non-affiliates of the issuers was -0-.
There was no active trading market and no quote for Cach Foods, Inc. during fiscal year 2001, therefore the value is
deemed to be $-0-.

As of March 28, 2002, issuer had 12,152,000 shares of its $.001 par value common stock outstanding.

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

Documents incorporated by reference: none

**PART I**

**Item 1.  Description of Business.**

**Our History and Business**

We were formed as a Nevada corporation on May 4, 1998 originally as Llebpmac, Inc., for the purpose of becoming a
restaurant.  Before our plan for Llebpmac to operate as a restaurant was inaugurated, we changed the company's name to
Cach Foods, Inc. and we changed the purpose of the company to be a snack food wholesale merchandiser in direct response
to our research and perceived demand for American snack foods in Japan.  On October 2, 2000, our shareholders approved
a two for one forward split of our outstanding common stock.  On November 1, 2000, we changed our name to Cach
Foods, Inc. and we changed our purpose to be a snack food wholesale merchandiser.  Our initial focus will be on selling
Idaho Chips (TM) in the Japanese market through convenience stores.  If demand permits, we will expand production and
sell Idaho Chips (TM) to larger supermarkets as well other Asian countries.  We intend to act as a wholesale merchandiser
by sub contracting the actual, manufacturing, packaging, exporting and selling of Idaho Chips (TM).  If successful in the
Japanese market, we will increase the variety of snack foods we offer and expand to other Asian markets.

**Business Strategy**

Our objective is to become a U.S. exporter to the Asia Pacific of branded premium potato chips and other salty snack foods
by providing high quality products at competitive prices.  We will use a distribution channel comprised of intermediaries
such as suppliers, manufacturers, wholesalers, importers and distributors to bring our products to market.

Intermediaries

We currently have no distribution channel of intermediaries.  Over the next six to 12 months, our officers and directors
intend to allocate a substantial portion of their time spent on behalf the company developing contacts to establish the
following intermediaries.

Suppliers

The principal raw materials used in our Idaho Chips (TM) are potatoes and oil.  We will not supply our own raw materials,
but depend on our manufacturers to acquire raw materials from independent suppliers.  We believe that potatoes and oil
will be readily available to our manufacturers from numerous suppliers on commercially reasonable terms.  Idaho potatoes
are available year-round, either freshly harvested or from storage during the winter months.  Many manufacturers use
sunflower oil to produce kettle style potato chips.  We believe that sunflower oil is widely available year-round and that
alternative cooking oils are abundant and readily available.  As a result, we do not foresee manufacturers experiencing
substantial difficulties obtaining raw materials for the production of Idaho Chips (TM).

Manufacturers

We intend to sub contract with independent manufacturers to produce and package kettle-fried potato chips made from
Idaho potatoes.  We will evaluate potential candidates thoroughly in our selection process.  To be considered, candidates
must be in compliance with all federal, state, and local government regulations.  In order to be considered, the candidate
must have the capacity to produce kettle style chips. The candidate must also be well capitalized, possess the necessary
production and packaging capacity, and have a strong reputation for quality production.  The candidate must be able to
package in foil bags or canisters in order to ensure long shelf life.  We will expect selected manufacturers to maintain a lab
staffed with trained quality control personnel, capable of performing any tests we may establish.  We further intend for the
manufacturer to assume all costs and risks associated with producing and packaging Idaho Chips (TM).  In turn, we will
pay a fixed amount for the finished product.

We anticipate the selection process from initial consideration to actual contract will take between three and six months.
Once we have a manufacturer under contract, we believe production can begin immediately.  We will not actually begin
production until our distribution channels are in place. However, we cannot assure we can obtain manufacturers that meet
our selection criteria.

Importers and Distributors

We intend to sell Idaho Chips (TM) primarily in convenience stores in Japan.  We plan to distribute our products through
independent international importers and distributors since we believe it is the most efficient method for reaching our target
market.  Importers and distributors will be selected primarily on the basis of:

- quality of service;

- financial capability; and

- established network of convenience stores.

We intend to service both large convenience store chains and smaller independent convenience stores.  Assuming Idaho
Chips (TM) achieves a level of market penetration and customer acceptance among Japanese convenience stores, we intend
to use our established distribution networks and/or sub contract with other international distributors to distribute Idaho
Chips (TM) to super markets, delicatessens, and retailers in Japan as well as other Asian countries.  We will consider
seeking additional outlets for our products at such time as we determine our initial target markets are profitable and we
have sufficient revenue or profits to justify expansion.

We intend to begin our importer and distributor selection process once we have a manufacturer in place.  This will allow us
to provide potential distributors with product sample.  We anticipate it may take up to six months to have the distribution
network in place to begin shipping product.

**Role of Management**

Once the distribution channel of intermediaries is developed, the officers and directors will spend a majority of their time,
which is spent on our behalf, directing the production of Idaho Chips (TM).  This shall include inspecting and controlling
the quality of Idaho Chips (TM), receiving and processing orders, and coordinating the manufacturing, packaging and
delivery of Idaho Chips (TM) to Japanese importers and distributors.  Management will never directly supply, manufacture,
package, import or distribute Idaho Chips (TM), but rather outsource each stage of production to intermediaries.  We
believe that this will enable us to be more efficient in delivering our goods to target markets.  As a result, we should be able
to implement our business strategy with Mr. McBride devoting approximately 20 hours a week to our operations All other
officers will maintain outside employment and devote a portion of their time to our business as needed.

**Risk of Loss**

We intend to take title and bear the risk of loss of Idaho Chips (TM), excluding shelf life, at the time we purchase the
finished product from our manufacturers.  We intend to transfer risk of loss when we transfer title by selling Idaho Chips
(TM) to a purchaser.  Sales will probably occur at either the wholesale level to the importer or distributor or the wholesale
level to the convenience store retailer.  We have not negotiated any contracts for the sale of Idaho Chips (TM), and are
unable to determine at which level we will predominately sell Idaho Chips (TM) and transfer risk of loss associated with
holding title.

Potato Chips have a limited shelf life, which means that after a certain amount of time packaged potato chips go stale.  We
intend for our manufacturers to guarantee the freshness of Idaho Chips (TM) during their limited shelf life in the form of an
expiration date.   Once the shelf life has run, the purchaser assumes the full risk of staleness.  As a result, we may incur
additional costs associated with shipping fresher products to replace any premature staleness of Idaho Chips (TM), but
intend to recover those costs from the manufacturer.

**Proceeds from Sales**

We generally intend to receive proceeds from the sale of Idaho Chips (TM) in cash transactions at the time of the sale.
However, we are a development stage company with limited resources and our ability to negotiate for cash transactions
may create difficulties in getting Idaho Chips (TM) to the market. Consequently, receipt of proceeds will vary on the type
of transaction negotiated.  For example, we may:

- extend a line of credit and charge an interest rate for balances unpaid beyond a negotiated number of days; or

- sell on consignment and receive proceeds of the sale at a future negotiated date.

Note that we have not to entered into any contracts for the sale of Idaho Chips (TM) and are unable to provide any details
of credit lines, interest rates or consignment percentages but intend to base our contracts on prevailing market terms and
rates.

**Market Penetration**

We plan to penetrate the existing Japanese market with Idaho Chips (TM), a kettle-fried potato chip made from Idaho
potatoes.  If successful in Japan, we will expand Idaho Chips (TM) into other Asian markets.  Our strategy for market
penetration and expansion will consist of creating consumer trial and acceptance of Idaho Chips (TM).  We believe the key
elements of creating consumer trial and acceptance to be packaging, placement, taste, and price.

Packaging

Getting consumers to try Idaho Chips (TM) will be important to our success.  The Snack Food Association reports that
approximately 70 percent of salty snack food purchases are made on impulse. We intend to expend a percent of the
proceeds from this offering to research the best package design and color to trigger an impulse to buy Idaho Chips (TM).
We believe that this may be accomplished, in part, by clearly displaying the kettle-fried process and the Idaho origin on the
package of Idaho Chips (TM). We believe that the Idaho origin of a kettle style potato chip will be important to Japanese
consumers due to the experience of our President, Cornelius A. Hofman, who lived in Japan for a period two years.  Mr.
Hofman noted that the Japanese people often associated his home state of Idaho with potatoes.  Although we have not
further researched this issue, we believe our president's experience to be sufficient evidence that there is some degree of
name recognition for Idaho potatoes in the Japan.  We also intend to create a unique brand image for Idaho Chips (TM) by
further developing a package that communicates to consumers that we are a gourmet snack food company, which we
believe will appeal to Japanese consumers.

Our packaging research will consist of identifying and studying all potato chip packaging currently being used in Japan.
We will gather the associated Japanese sales figures to determine the most popular chips.  From this information, we will
design the Idaho Chips (TM) package.  Our current management will perform the necessary research and package
development.  We anticipate it will take no more than a month to design our packaging.  We believe our packaging
research and development will cost no more than $1,000.

Placement

Favorable shelf placement of Idaho Chips (TM) in relation to our competitors will be helpful to capitalize on the impulse
buyer.  We will attempt to obtain favorable shelf placement of Idaho Chips (TM) in strategic locations with Japanese
retailers..  We believe such locations are at eye level and close to high traffic areas like the check out stand.  We further
believe that an aesthetically pleasing package promoting the kettle fried style and Idaho origin of our potato chip will
distinguish Idaho Chips (TM) from the nearby placed products of our competitors.  We do not intend to pay additional
money for obtaining placement in Japan since placement is contingent on each store's affinity for a product.  For example,
if a store likes a product, the store will grant that product favorable placement.  As a result, we intend to obtain favorable
placement by producing a good product with an appealing package.  By doing so, we increase the probability that Japanese
stores will grant Idaho Chips (TM) favorable placement in strategic locations.  Conversely, if Japanese stores do not like
Idaho Chips (TM) it will be very difficult to obtain favorable placement.

Taste

We intend to sell flavorful potato chips as Idaho Chips (TM) in order to achieve consumer acceptance and loyalty.  We
will accomplish this by using Idaho potatoes and a kettle frying process. These two elements combined with the careful
selection of a potato chip manufacturer will provide, as we believe, a flavorful potato chip.

Price

We intend to offer Idaho Chips (TM) at a fair everyday price to maintain the initial impulse of the buyer.  We consider a
fair everyday price to be a price competitive with that of similar products.  Our prices will be based upon a combination of
employee, manufacturing, packaging, distribution and marketing costs as well as the prices of closely related products of
our competitors. Although we have no existing contracts with manufacturers, importers or distributors and will be
competing with companies like Frito Lay and Proctor and Gamble, we believe we can offer a competitive by:

- closely monitoring our expenses.  In particular, our officers will maintain outside employment thereby eliminating the
need to pay living wage incomes.  This in turn reduces the overall cost of doing business; and

- accepting a smaller profit margin.  We recognize that Cach Foods is a newcomer in the Japanese snack food market with
no market share.  As a result, we are willing to accept a smaller profit margin to maintain the consumers' initial impulse
with a competitive price.

Given the fact that we have not yet established the key contracts for manufacturing, packaging, importing and distribution,
we cannot assure that we can price our product competitively.  If we cannot price our product competitively, we may have
to charge a premium price that could impact our sales and potential revenue.

Assuming we establish a level of market penetration and acceptance with Idaho Chips (TM), we intend, if needed, to
increase brand awareness and acceptance through advertising and distribution efforts in existing and key regional markets.
We may also add direct sales people to these targeted geographies to manage sales and promotional activities, which may
include joint advertising with convenience stores and supermarkets, in-store product sampling, coupon distribution and
in-store advertisements and displays of Idaho Chips (TM).

**Marketing**

We will target convenience store chains.  Product packaging, word-of-mouth, and shelf placement will be our marketing
tools.  We intend to position our product as a high quality specialty item with packaging, color, and name designed to
capitalize on the impulse buyer.  Word-of-mouth is a cost-effective marketing tool.  We also intend  to obtain favorable
shelf space in convenience stores by providing a product that will be favored by Japanese convenience stores.  If Idaho
Chips (TM) achieves a substantial level of consumer acceptance, and funding is available, we may launch a more
aggressive marketing campaign, which might include advertising through all forms of media, coupons, in-store displays
and sampling, and the hiring of regional representatives.

**License**

We do not own the trademark Idaho Chips (TM).  On October 30, 2000, we entered into a license agreement with the
owner of the trademark Idaho Chips (TM), Cornelius A. Hofman, our president and director.  The license gives us the
exclusive worldwide use of the brand name Idaho Chips (TM) for a 30-month period.  In return, we pay five percent of our
gross revenue to Mr. Hofman.  If, by April 10, 2003, we do not generate a threshold amount of $500,000 in gross revenue,
we will lose exclusivity under the license.  If we generate the threshold amount, the agreement is automatically renewed for
an additional 12-month period, and will be extended for each successive 12-month period if we generate gross revenue of
$300,000 in the prior 12-month period.  We may not satisfy the terms of the license agreement.  As a result, we could lose
our exclusive right to use the trademark of Idaho Chips (TM), which could adversely affect our gross sales.

**Competition**

Idaho Chips (TM) will compete against other salty snack foods, including regular and kettle style potato chips, tortilla
chips, popcorn and pretzels.  The industry of exporting salty U.S. snack foods to Japan is highly competitive and dominated
primarily by Calbee, Proctor & Gamble, and Frito-Lay, Inc. Calbee, Proctor & Gamble, and Frito-Lay possess substantially
greater financial, production, marketing, distribution and other resources than many other companies.  Calbee, Proctor &
Gamble, and Frito-Lay brands are more widely recognized than the brands of other companies.  Numerous other companies
that are our actual or potential competitors have greater financial and other resources, including more employees and more
extensive facilities, than we do.  In addition, local or regional Japanese markets often have a significant number of smaller
competitors, many of whom may offer kettle style potato chips similar to our Idaho Chips (TM).

If successful in Japan, we intend to expand Idaho Chips (TM) into other areas of the Asia Pacific where we will encounter
significant competition from foreign, national, regional and local competitors that may be greater than that encountered in
the Japanese market.  The principal competitive factors affecting the market of Idaho Chips (TM) will include product
quality and taste, brand awareness among Japanese consumers, shelf space, price, advertising and promotion, variety of
snacks offered, nutritional content, product packaging and package design.  We believe that Idaho Chips (TM) will
compete primarily upon their taste, kettle cooking method and Idaho origin.

**Governmental Regulation**

Our operations are subject to various governmental regulations, such as those governing:

* minimum wage regulations;

* employment;

* environmental protection; and

* human health and safety.

Although we intend to comply with all applicable laws and regulations, we cannot assure you that we are in compliance or
that we will be able to comply with any future laws and regulations.  Additional federal or state legislation, or changes in
regulatory implementation, may limit our activities in the future or significantly increase the cost of regulatory compliance.
If we fail to comply with applicable laws and regulations, criminal sanctions or civil remedies, including fines, injunctions,
recalls, or seizures, could be imposed on us.  This could have a material adverse effect on our operations.

The United States Food and Drug Administration may regulate and inspect our products, manufacturers and their suppliers.
Every food manufacturer in the United States must meet the FDA's minimum standards relating to the preparation and
packaging of food.  Food manufacturers must also comply with state, local and federal laws regarding the disposition of
property and leftover foodstuffs. We cannot assure you that our manufacturers or their suppliers will be in compliance with
all applicable laws and regulations or that they will be able to comply with any future laws and regulations.  Furthermore,
additional or amended regulations by the FDA may inhibit or prevent the development, distribution and sale of Idaho Chips
(TM) in the Japanese market causing a material adverse effect on our business, operating results and financial condition.

**Employees**

We have no employees and no formal employment agreements with our officers.  Nor do we intend to hire employees until
our operations require expansion.  Our officers have agreed to devote such time as necessary for the development of our
business.  It is anticipated that upon completion of the offering and prior to the commencement of production, Kelly
McBride will devote approximately 20 hours per week as a part-time employee while maintaining outside employment.  It
is further anticipated that all other officers will maintain outside employment and devote a portion of their time to our
business as needed.  None of our officers will receive a regular salary or wage until operations have been developed to a
point where such can be paid.  However, officers and directors are entitled to reimbursement for reasonable out of pocket
expenses incurred on our behalf.

**Item 2.  Description of Property**

We own no real property, nor do we currently lease any office space or facilities.  We use the home office of our President,
Cornelius A. Hofman, rent free, as our principal executive offices.  We intend to maintain our current office situation for
the next twelve months, unless our operations require an upgrade, at which time we will relocate to a more suitable facility.

**Item 3.  Legal proceedings**

****We are not a party to any bankruptcy, receivership or other legal proceeding, and to the best of our knowledge, no such
proceedings by or against us have been threatened.

**Item 4.  Submission of Matters to a Vote of Securities Holders.**

No matters were submitted during the fourth quarter of the fiscal year covered by this report to a vote of security holders.

**PART II**

**Item 5.  Market for Common Equity and Related Stockholder Matters.**

As of March 28, 2002, we have 30 shareholders holding 12,152,000 shares of common stock. There is currently no public
market for the Company's stock.  The Company has not paid, nor declared, any dividends since its inception and does not
intend to declare any such dividends in the foreseeable future. The Company's ability to pay dividends is subject to
limitations imposed by Nevada law. Under Nevada law, dividends may be paid to the extent that the corporation's assets
exceed its liabilities and it is able to pay its debts as they become due in the usual course of business.

**Item 6.  Management's Discussion and Analysis.**

**Twelve Month Periods Ended December 31, 2001 and December 31, 2000.**

The Company had no revenue during the years ending December 31, 2001 and December 31, 2000. General and
administrative expenses for the periods ending December 31, 2001 were $6,458 and interest expenses were $165 for total
operating expenses of $6,623.  During the period ended December 31, 2000, administrative costs were $261, however, the
Company had interest income of $18.  Net losses for the periods ended December 31, 2001 and December 31, 2000 were
$6,623 and $243 respectively.  The Company Increased expenses were due to legal and accounting fees incurred in
preparing a public offering of 150,000 shares of common stock.

For the period ended December 31, 2001, the Company has total assets of $19,736 consisting of $1,749 in cash and
$17,987 in deferred stock offering costs.  For the period ended December 31, 2000, the Company's assets consisted of
$6,046 in cash.

**Subsequent Events:**

**Stock Offering -**On January 25, 2002, the Company sold 150,000 shares of its previously authorized, but unissued
common stock for cash of $75,000 or $.50 per share in a public offering registered with the Security and Exchange
Commission on Form SB-2.  The Company has closed the offering.  Proceeds totaling $75,000 have been allocated as
follows:

|Total Proceeds                      | $75,000.00
|----------------------------------- | ----------
|Less offering expenses              | 18,659.51 
|                                    | __________
|Net Proceeds                        | $56,340.49
|Establish Japanese contracts        | 1,554.79  
|Establish Potato Chip Manufacturers | 1,360.00  
|Supplies                            | 1,586.40  
|Marketing                           | 684.16    
|Working Capital                     | 6,404.36  
|                                    | _________ 
|Funds Available                     | $44,750.79
|                                    | ========  

**Item 7.  Financial Statements.**

The financial statements of the Company appear at the end of this report beginning with the Index to Financial Statements
on page 14.

**Item 8.  Changes In and Disagreements with Accountants on Accounting and Financial Disclosure.**

None.

**PART III**

**Item 9.  Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a) of the
Exchange Act.**

|**Name** | **Age** | **Position** | **Since**
|-------- | ------- | ------------ | ---------

|Cornelius A. Hofman | 33 | Chief Executive Officer,
President & Director | May 1998
|------------------- | -- | --------------------------------------------- | --------

|Kelly O. McBride | 26 | Secretary/ Treasurer &
Director | September 2000
|---------------- | -- | ------------------------------- | --------------

|Brian J. Kramer | 32 | Director | April 2001
|--------------- | -- | -------- | ----------

Directors hold office until the next annual shareholders meeting or until their successors are duly elected and qualified.
Officers hold office at the discretion of the Directors.

The following is a brief biography of our officers and directors.

**Cornelius A. Hofman**.  Mr. Hofman received a B.A. in Asian Studies from Cornell University in 1991, a Masters in
Japanese Studies from the University of Pennsylvania in 1992, and a MBA in Economics and Finance from the University
of Chicago in 1994.  Since 1995, Mr. Hofman has been president and economist for General Economic Consulting, Inc.,
which provides economic valuation services to governments, businesses and individuals.  Mr. Hofman lived in Japan for
two years and speaks fluent Japanese.

**Kelly O. McBride**.  Mr. McBride received his B.A. in Marketing from Idaho State University in 1999.  Since September
2000, Mr. McBride has been working as a research analyst for General Economic Consulting, Inc., which provides
economic valuation services to governments, businesses and individuals. From 1996 to 2000, Mr. McBride worked as a
marketing research analyst for Idaho Central Credit Union where he researched, designed and promoted new products and
services.  Mr. McBride lived in Taiwan for two years and speaks fluent Mandarin Chinese.

**Brian J. Kramer**.  Mr. Kramer graduated magna cum laude with a major in Japanese and East Asian Languages from the
University of Kansas in 1991.  He was a Rotary Scholar in 1991 at the center for Japanese studies through Nanzan
University in Nagoya, Japan.  Mr. Kramer also graduated cum laude with a J.D. from the University of Michigan Law
School in 1994.  Beginning 2001, Mr. Kramer is a Managing Partner in a sports agency called Classic Sports Management.
Since 2000, Mr. Kramer has worked as an attorney at O'Donnell & Shaeffer in Los Angeles, California.  From 1997 to
2000, Mr. Kramer was an associate attorney at Seyfarth, Shaw, Fairweather & Geraldson.  From 1995 to 1997, he was an
associate attorney with Latham & Watkins.  From 1993 to 2000, Mr. Kramer served as an officer of Ace Foods, Inc., which
exported American snack foods to Japan.  Mr. Kramer also lived in Japan as a law clerk at the Wakabayashi Law Office in
Tokyo, and speaks fluent Japanese.

**Item 10.  Executive Compensation**

We do not have any formal employment agreements in place for our officers or directors.  It is anticipated that upon
completion of the offering and prior to the commencement of production, Kelly McBride will devote approximately 20
hours per week as a part-time employee.  Mr. McBride will be compensated at an hourly rate of $15.00.  All other officers
will defer their salaries until such time as we generate sufficient revenue to pay the identified salary.  The directors, Mr.
McBride and Brian Kramer, received 1,000 shares of common stock each for services rendered on behalf of the Company.
Any future compensation for services rendered by directors has not been determined.

**SUMMARY COMPENSATION TABLE**

|**Name and Principal
Position**               | **Year**         | **Salary ($)** | **Bonus ($)** | **Other Annual
Compensation**
|--------------------------------------------- | ---------------- | -------------- | ------------- | -----------------------------
|Cornelius Hofman                              | 2001

2000

1999 | -0-

-0-

-0-  | -0-

-0-

-0- | -0-

-0-

-0-                
|Kelly McBride

Secretary/Treasurer &
Director | 2001

2000

1999 | -0-

-0-

-0-  | -0-

-0-

-0- | (1)

-0-

-0-                
|Brian J. Kramer

Director                     | 2001

2000

1999 | -0-

-0-

-0-  | -0-

-0-

-0- | (1)

-0-

-0-                

(1)  As of April 19, 2001, the Company had not paid any compensation to any officer or director of the Company.
However, on April 20, 2001, the Company issued to two of its directors 2,000 shares of common stock, or 1,000 shares
each, for services valued at $1,000 or $.50 per share.

**Item 11.  Security Ownership of Certain Beneficial Owners and Management.**

The following table sets forth as of March 27, 2002, the number and percentage of the 12,152,000 shares of outstanding
common stock which, according to the information supplied to the Company, were beneficially owned by (i) each person
who is currently a director of the Company, (ii) each executive officer, (iii) all current directors and executive officers of
the Company as a group and (iv) each person who, to the knowledge of the Company, is the beneficial owner of more than
5% of the outstanding common stock.  Except as otherwise indicated, the persons named in the table have sole voting and
dispositive power with respect to all shares beneficially owned, subject to community property laws where applicable.

|**Name and Address** | **Amount** | **Percentage**
|-------------------- | ---------- | --------------

|Cornelius A. Hofman (1)

5555 North Star Ridge Way

Star, ID 83669 | 10,005,000 | 82.33
|------------------------------------------------------------------ | ---------- | -----

|Laurilie Madsen

PO Box 338

West Jordan, UT 84084 | 1,001,000 | 8.2
|-------------------------------------------------- | --------- | ---

|Bateman Dynasty, LLC 

1065 W. 1150 S.

Provo, UT 84601 | 1,000,000 | 8.2
|------------------------------------------------------- | --------- | ---

|Kelly McBride (1)

115 West Ash Street

Caldwell, ID 83605 | 1,000 | 0.0
|---------------------------------------------------------- | ----- | ---

|Brian Kramer (1)

3439 Keystone Ave., # 5

Los Angeles, CA 90034 | 1,000 | 0.0
|---------------------------------------------------------------- | ----- | ---

|Officers and Directors

Nominees as a Group:

3 People | 10,007,000 | 82.34
|------------------------------------------------------ | ---------- | -----

(1) Officer and/or director.

All directors serve until the next annual stockholders meeting or until their successors are duly elected and qualified.  All
officers serve at the discretion of the Board of Directors.

**Item 12.  Certain Relationships and Related Transactions.**

Our officer and director Kelly O. McBride is an employee at General Economic Consulting, Inc., which is owned and
controlled by Cornelius A. Hofman, our president, director, and majority shareholder.

Mr. Hofman has directly paid expenses totaling $1,404 on behalf of the Company.  At December 31, 2001 the Company
owed Mr. Hofman $1,404.  No interest is being accrued on the advances.

Mr. Hofman advanced the Company $2,000 as a note payable.  The note was due on March 5, 2002 and accrued interest at
10% per annum.  At December 31, 2001, accrued interest on the note was $165.  The note was subsequently repaid.

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

**Reports on Form 8-K**

No reports on Form 8-K were filed during the quarter ended December 31, 2001.

**Exhibits**

None

**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.

**Cach Foods, Inc.**

Date: March 29, 2002    By: /s/ Cornelius A. Hofman

Cornelius A. Hofman

President

Date: March 29, 2002    By: /s/ Kelly McBride

Kelly McBride

Chief Financial 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.

Date: March 29, 2002    By: /s/ Cornelius A. Hofman

Cornelius A. Hofman

Director

Date: March 29, 2002    By: /s/ Kelly McBride

Kelly McBride

Director

Date: March 29, 2002    By: /s/ Brian Kramer

Brian Kramer

Director

**CACH FOODS, INC.**

[A Development Stage Company]

**FINANCIAL STATEMENTS**

**DECEMBER 31, 2001**

**CONTENTS**

******
**PAGE**-- Independent Auditors' Report
14-- Balance Sheet, December 31, 2001
15-- Statements of Operations, for the years ended December
31, 2001 and 2000 and for the period from inception on May
4, 1998 through December 31, 2001
16-- Statement of Stockholders' Equity (Deficit), from
inception on May 4, 1998 through December 31, 2001
17-- Statements of Cash Flows, for the years ended December
31, 2001 and 2000 and for the period from inception on May
4, 1998 through December 31, 2001
18-- Notes to Financial Statements
19**

INDEPENDENT AUDITORS' REPORT

Board of Directors

**CACH FOODS, INC.**

Star, Idaho

We have audited the accompanying balance sheet of Cach Foods, Inc. [a development stage company] at December 31,
2001, and the related statements of operations, stockholders' equity (deficit) and cash flows for the years ended December
31, 2001 and 2000 and for the period from inception on May 4, 1998 through December 31, 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 audit.

We conducted our audit in accordance with generally accepted auditing standards.  Those standards require that we plan
and perform the audits 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 audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements audited by us present fairly, in all material respects, the financial position of Cach
Foods, Inc. [a development stage company] as of December 31, 2001 and the results of its operations and its cash flows for
the years ended December 31, 2001 and 2000 and for the period from inception on May 4, 1998 through December 31,
2001, in conformity with generally accepted accounting principles.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern.  As
discussed in Note 5 to the financial statements, the Company has incurred losses since its inception and has no on-going
operations.  Further, the Company has current liabilities in excess of current assets.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.  Management's plans in regards to these matters are also
described in Note 5.  The financial statements do not include any adjustments that might result from the outcome of these
uncertainties.

**/s/ PRITCHETT, SILER & HARDY, P.C.**

February 26, 2002,

Salt Lake City, Utah

**CACH FOODS, INC.**

[A Development Stage Company]

**BALANCE SHEET**

|******ASSETS**                                                                                         | **December 31,**
|------------------------------------------------------------------------------------------------------ | ----------------
|                                                                                                       | **2001**        
|**CURRENT ASSETS:**                                                                                    |                 
|Cash                                                                                                   | $ 1,749         
|                                                                                                       | ___________     
|Total Current Assets                                                                                   | 1,749           
|**OTHER ASSETS:**                                                                                      |                 
|Deferred stock offering costs                                                                          | 17,987          
|                                                                                                       | ___________     
|                                                                                                       | $ 19,736        
|                                                                                                       | ___________     
|**LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIT)**                                                     |                 
|**CURRENT LIABILITIES:**                                                                               |                 
|Accounts payable                                                                                       | $ 16,820        
|Advance payable - related party                                                                        | 1,404           
|Note payable - related party                                                                           | 2,000           
|Accrued interest payable - related party                                                               | 165             
|                                                                                                       | ___________     
|Total Current Liabilities                                                                              | 20,389          
|                                                                                                       | ___________     
|**STOCKHOLDERS' EQUITY (DEFICIT):**                                                                    |                 
|Preferred stock, $.001 par value, 5,000,000 shares
authorized, no shares issued and outstanding        | -               
|Common stock, $.001 par value, 100,000,000 shares
authorized, 12,002,000 shares issued and outstanding | 12,002          
|Capital in excess of par value                                                                         | (5,002)         
|Earnings (deficit) accumulated during the development
stage                                            | (7,653)         
|                                                                                                       | ___________     
|Total Stockholders' Equity (Deficit)                                                                   | (653)           
|                                                                                                       | ___________     
|****                                                                                                   | $ 19,736        
|                                                                                                       | ___________     

The accompanying notes are an integral part of this financial statement.

**CACH FOODS, INC.**

[A Development Stage Company]

**STATEMENTS OF OPERATIONS**



|                                 | **For the Year Ended
December 31,** | **For the Year Ended
December 31,** | **From Inception on May 4,
1998 through December 31,**
|-------------------------------- | ----------------------------------- | ----------------------------------- | ------------------------------------------------------
|                                 | **2001**                            | **2000**                            | **2001**                                              
|**REVENUE**                      | $ -                                 | $ -                                 | $ -                                                   
|                                 | __________                          | __________                          | __________                                            
|**EXPENSES:**                    |                                     |                                     |                                                       
|****General and administrative   | 6,458                               | 261                                 | 7,534                                                 
|                                 | __________                          | __________                          | __________                                            
|**LOSS FROM
OPERATIONS**         | (6,458)                             | (261)                               | (7,534)                                               
|                                 | __________                          | __________                          | __________                                            
|**OTHER INCOME
(EXPENSE):**      |                                     |                                     |                                                       
|Interest income                  | -                                   | 18                                  | 46                                                    
|Interest expense - related
party | (165)                               | -(165)                              |                                                       
|                                 | __________                          | __________                          | __________                                            
|Total Other Income
(Expense)     | (165)                               | 18                                  | (119)                                                 
|                                 | __________                          | __________                          | __________                                            
|**LOSS BEFORE INCOME
TAXES**     | (6,623)                             | (243)                               | (7,653)                                               
|**CURRENT TAX
EXPENSE**          | -                                   | -                                   | -                                                     
|**DEFERRED TAX
EXPENSE**         | -                                   | -                                   | -                                                     
|                                 | __________                          | __________                          | __________                                            
|**NET LOSS**                     | $ (6,623)                           | $ (243)                             | $ (7,653)                                             
|                                 | __________                          | __________                          | __________                                            
|**LOSS PER COMMON
SHARE**        | $ (.00)                             | $ (.00)                             | $ (.00)                                               
|                                 | __________                          | __________                          | __________                                            

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

**CACH FOODS, INC.**

[A Development Stage Company]

**STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)**

**FROM THE DATE OF INCEPTION ON MAY 4, 1998**

**THROUGH DECEMBER 31, 2001**



|                                                                                                             | **Preferred Stock** | ****       | **Common Stock** | ****       | **Capital in
Excess of Par
Value** | **Earnings
(deficit)
Accumulated
During the
Development
Stage**
|------------------------------------------------------------------------------------------------------------ | ------------------- | ---------- | ---------------- | ---------- | ---------------------------------- | ---------------------------------------------------------------
|                                                                                                             | **Shares**          | **Amount** | **Shares**       | **Amount** | ****                               | ****                                                           
|**BALANCE,**
May 4, 1998                                                                                     | -                   | $ -        | -                | $ -        | $ -                                | $ -                                                            
|Issuance of
2,000,000 shares
common stock
for cash at
$.0005 per
share, August
31, 1998                      | -                   | -          | 2,000,000        | 2,000      | (1,000)                            | -                                                              
|Net loss for the
period ended
December 31,
1998                                                              | -                   | -          | -                | -          | -(622)                             |                                                                
|                                                                                                             | __________          | __________ | __________       | __________ | __________                         | __________                                                     
|**BALANCE,**
December 31,
1998                                                                               | -                   | -          | 2,000,000        | 2,000      | (1,000)                            | (622)                                                          
|Net loss for the
year ended
December 31,
1999                                                                | -                   | -          | -                | -          | -                                  | (165)                                                          
|                                                                                                             | __________          | __________ | __________       | __________ | __________                         | __________                                                     
|**BALANCE,**
December 31,
1999                                                                               | -                   | -          | 2,000,000        | 2,000      | (1,000)                            | (787)                                                          
|Issuance of
10,000,000
shares of
common stock
for cash at
$.0005 per
share,
September 20,
2000               | -                   | -          | 10,000,000       | 10,000     | (5,000)                            | -                                                              
|Net loss for the
year ended
December 31,
2000                                                                | -                   | -          | -                | -          | -                                  | (243)                                                          
|                                                                                                             | __________          | __________ | __________       | __________ | __________                         | __________                                                     
|**BALANCE,**
December 31,
2000                                                                               | -                   | -          | 12,000,000       | 12,000     | (6,000)                            | (1,030)                                                        
|Issuance of
2,000 shares  of
common stock
for directors'
services
rendered at $.50
per share, April
20, 2001 | -                   | -          | 2,000            | 2          | 998                                | -                                                              
|Net loss for the
year ended
December 31,
2001                                                                | -                   | -          | -                | -          | -                                  | (6,623)                                                        
|                                                                                                             | __________          | __________ | __________       | __________ | __________                         | __________                                                     
|**BALANCE,**
December 31,
2001                                                                               | -                   | $ -        | 12,002,000       | $ 12,002   | $ (5,002)                          | $ (7,653)                                                      
|                                                                                                             | __________          | __________ | __________       | __________ | __________                         | __________                                                     

The accompanying notes are an integral part of this financial statement.

**CACH FOODS, INC.**

[A Development Stage Company]

**STATEMENTS OF CASH FLOWS**



|                                                                                       | **For the Year Ended
December 31,** | **For the Year Ended
December 31,** | **From Inception on May 4,
1998 through December 31,**
|-------------------------------------------------------------------------------------- | ----------------------------------- | ----------------------------------- | ------------------------------------------------------
|                                                                                       | **2001**                            | **2000**                            | **2001**                                              
|**Cash Flows From
Operating Activities:**                                              |                                     |                                     |                                                       
|****Net loss                                                                           | $ (6,623)                           | $ (243)                             | $ (7,653)                                             
|Adjustments to reconcile net
loss to net cash provided
(used) by operating activities: |                                     |                                     |                                                       
|Stock issued for services
rendered                                                     | 1,000                               | -                                   | 1,000                                                 
|Changes in assets and
liabilities:                                                     |                                     |                                     |                                                       
|Increase in accounts
payable                                                           | 16,820                              | -                                   | 16,820                                                
|Increase in accrued interest
payable - related party                                   | 165                                 | -                                   | 165                                                   
|                                                                                       | __________                          | __________                          | __________                                            
|Net Cash Provided (Used)
by Operating Activities                                       | 11,362                              | (243)                               | 10,332                                                
|                                                                                       | __________                          | __________                          | __________                                            
|**Cash Flows From Investing
Activities**                                               | -                                   | -                                   | -                                                     
|Net Cash Provided (Used)
by Investing Activities                                       | -                                   | -                                   | -                                                     
|                                                                                       | __________                          | __________                          | __________                                            
|**Cash Flows From by
Financing Activities:**                                           |                                     |                                     |                                                       
|Proceeds from issuance of
common stock                                                 | -                                   | 5,000                               | 6,000                                                 
|Payments for stock offering
costs                                                      | (17,987)                            | -                                   | (17,987)                                              
|Proceeds from note payable -
related party                                             | 2,000                               | -                                   | 2,000                                                 
|Advances from related party                                                            | 328                                 | 261                                 | 1,404                                                 
|                                                                                       | __________                          | __________                          | __________                                            
|Net Cash Provided (Used)
by Financing Activities                                       | (15,659)                            | 5,261                               | (8,583)                                               
|                                                                                       | __________                          | __________                          | __________                                            
|**Net Increase in Cash**                                                               | (4,297)                             | 5,018                               | 1,749                                                 
|**Cash at Beginning of Period**                                                        | 6,046                               | 1,028                               | -                                                     
|                                                                                       | __________                          | __________                          | __________                                            
|**Cash at End of Period**                                                              | $ 1,749                             | $ 6,046                             | $ 1,749                                               
|                                                                                       | __________                          | __________                          | __________                                            
|**Supplemental Disclosures of
Cash Flow Information:**                                 |                                     |                                     |                                                       
|****Cash paid during the period
for:                                                   |                                     |                                     |                                                       
|Interest                                                                               | $ -                                 | $ -                                 | $ -                                                   
|Income taxes                                                                           | $ -                                 | $ -                                 | $ -                                                   

**Supplemental Schedule of Noncash Investing and Financing Activities:**

For the period from inception on May 4, 1998 through December 31, 2001:

On April 20, 2001, the Company issued 2,000 shares of common stock for directors' services valued at $1,000 or $.50 per
share.

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

**CACH FOODS, INC.**

[A Development Stage Company]

**NOTES TO FINANCIAL STATEMENTS**

**NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Organization -** Cach Foods, Inc. ("the Company") was organized under the laws of the State of Nevada on May 4, 1998 as
Llebpmac, Inc.  Effective November 2, 2000, the Company changed its name from Llebpmac, Inc. to Cach Foods, Inc.  The
Company has not commenced planned principal operations and is considered a development stage company as defined in
Statement of Financial Accounting Standards No. 7.  The Company plans to be a merchandiser of wholesale snack foods.
The Company has, at the present time, not paid any dividends and any dividends that may be paid in the future will depend
upon the financial requirements of the Company and other relevant factors.

**Stock Offering Costs -**Costs related to proposed stock offerings are deferred and will be offset against the proceeds of the
offering in capital in excess of par value.  In the event a stock offering is unsuccessful, the costs related to the offering will
be written-off directly to expense.

**Loss Per Share -** The computation of loss per share is based on the weighted average number of shares outstanding during
the period presented in accordance with Statement of Financial Accounting Standards No. 128, "Earnings Per Share".

**Cash and Cash Equivalents -** For purposes of the financial statements, the Company considers all highly liquid debt
investments purchased with a maturity of three months or less to be cash equivalents.

**Accounting Estimates** **-** The preparation of financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount
of revenues and expenses during the reported period.  Actual results could differ from those estimated.

**Recently Enacted Accounting Standards -**Statement of Financial Accounting Standards ("SFAS") No. 141, "Business
Combinations", SFAS No. 142, "Goodwill and Other Intangible Assets", SFAS No. 143, "Accounting for Asset Retirement
Obligations", and SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets", were recently
issued.  SFAS No. 141, 142, 143 and 144 have no current applicability to the Company or their effect on the financial
statements would not have been significant.

**NOTE 2 - CAPITAL STOCK**

**Preferred stock -**The Company has authorized 5,000,000 shares of preferred stock, $.001 par value, with such rights,
preferences and designations and to be issued in such series as determined by the Board of Directors.  No shares were
issued at December 31, 2001.

**Common Stock -**The Company has authorized 100,000,000 shares of common stock, $.001 par value.  On August 31,
1998, in connection with its organization, the Company issued 2,000,000 shares of its previously authorized, but unissued
common stock.  The shares were issued for cash of $1,000 or $.0005 per share.

**CACH FOODS, INC.**

[A Development Stage Company]

**NOTES TO FINANCIAL STATEMENTS**

**NOTE 2 - CAPITAL STOCK [Continued]**

On September 20, 2000, the Company issued 10,000,000 shares of its previously authorized but unissued common stock.
The shares were issued for cash of $5,000 or $.0005 per share.

On October 2, 2000, the Company effected a 2-for-1 forward stock split.  The financial statements for all periods presented
have been restated to reflect the stock split.

On April 20, 2001, the Company issued 2,000 shares of its previously authorized but unissued common stock.  The shares
were issued for director services valued at $1,000 or $.50 per share.

**NOTE 3 - INCOME TAXES**

The Company accounts for income taxes in accordance with Statement of Financial Accounting Standards No. 109
"Accounting for Income Taxes".  SFAS No. 109 requires the Company to provide a net deferred tax asset/liability equal to
the expected future tax benefit/expense of temporary reporting differences between book and tax accounting methods and
any available operating loss or tax credit carryforwards.

The Company has available at December 31, 2001, unused operating loss carryforwards of approximately $7,700 which
may be applied against future taxable income and which expire in various years through 2021.  The amount of and ultimate
realization of the benefits from the operating loss carryforwards for income tax purposes is dependent, in part, upon the tax
laws in effect, the future earnings of the Company, and other future events, the effects of which cannot be determined.
Because of the uncertainty surrounding the realization of the loss carryforwards the Company has established a valuation
allowance equal to the amount of the loss carryforwards and, therefore, no deferred tax asset has been recognized for the
loss carryforwards.  The net deferred tax assets are approximately $2,600 and $350 as of December 31, 2001 and 2000,
respectively, with an offsetting valuation allowance at each year end of the same amount resulting in a change in the
valuation allowance of approximately $2,250 during 2001.

**NOTE 4 - RELATED PARTY TRANSACTIONS**

**Management Compensation -**As of April 19, 2001, the Company had not paid any compensation to any officer or
director of the Company.  However, on April 20, 2001, the Company issued to two of its directors 2,000 shares of common
stock, or 1,000 shares each, for services valued at $1,000 or $.50 per share.

**Office Space** **-** The Company has not had a need to rent office space.  An officer/shareholder of the Company is allowing
the Company to use his office as a mailing address, as needed, at no expense to the Company.

**Advance Payable -**An officer/shareholder of the Company has directly paid expenses totaling $1,404 on behalf of the
Company.  At December 31, 2001 the Company owed the shareholder $1,404.  No interest is being accrued on the
advances.

**Note Payable -**An officer/shareholder of the Company advanced $2,000 to the Company as a note payable.  The note was
due March 5, 2002 and accrued interest at 10% per annum.  At December 31, 2001 accrued interest on the note was $165.
This note was subsequently repaid [See Note 8].

**CACH FOODS, INC.**

[A Development Stage Company]

**NOTES TO FINANCIAL STATEMENTS**

**NOTE 5 - GOING CONCERN**

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles,
which contemplate continuation of the Company as a going concern.  However, the Company has incurred losses since
inception and has no on-going operations.  Further the Company has current liabilities in excess of current assets.  These
factors raise substantial doubt about the ability of the Company to continue as a going concern.  In this regard, management
is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of
its common stock.  There is no assurance that the Company will be successful in raising this additional capital.  The
financial statements do not include any adjustments that might result from the outcome of these uncertainties.

**NOTE 6 - LOSS PER SHARE**

The following data shows the amounts used in computing loss per share:



|                                                                                                         | **For the Year Ended
December 31,** | **For the Year Ended
December 31,** | **From Inception on May 4,
1998 through December 31,**
|-------------------------------------------------------------------------------------------------------- | ----------------------------------- | ----------------------------------- | ------------------------------------------------------
|                                                                                                         | **2001**                            | **2000**                            | **2001**                                              
|Loss from continuing
operations available to
common shareholders
(numerator)                             | $ (6,623)                           | $ (243)                             | $ (7,653)                                             
|                                                                                                         | __________                          | __________                          | __________                                            
|Weighted average number of
common shares outstanding
used in loss per share for the
period (denominator) | 12,001,397                          | 4,786,885                           | 5,315,266                                             
|                                                                                                         | __________                          | __________                          | __________                                            

Dilutive loss per share was not presented, as the Company had no common stock equivalent shares for all periods presented
that would affect the computation of diluted loss per share.

**NOTE 7 - CONTRACTS AND COMMITMENTS**

On October 10, 2000, the Company entered into a licensing agreement with an officer/shareholder of the Company for
exclusive rights to use the brand name "Idaho Chips". The agreement is cancelable after April 10, 2003 by either party
giving three months written notice to the other.  The agreement requires payment of 5% of gross revenues produced from
use of the brand name to the officer/shareholder of the Company for 30 months.  At that point, if total gross revenues from
use of the brand name are at least $500,000, the agreement will be renewed for an additional 12 months.  The agreement
will then be renewed for 12-month terms for each successive 12-month period of $300,000 in gross revenues from use of
the brand name.  The agreement is assignable only with prior written consent of the licensor and the agreement states that
selling or transferring more than 50% of the outstanding stock constitutes an assignment.

**CACH FOODS, INC.**

[A Development Stage Company]

**NOTES TO FINANCIAL STATEMENTS**

**NOTE 8 - SUBSEQUENT EVENTS**

**Stock Offering -**On January 25, 2002, the Company sold 150,000 shares of its previously authorized, but unissued
common stock for cash of $75,000 or $.50 per share in a public offering registered with the Security and Exchange
Commission on Form SB-2.

Repaid Note Payable - On January 31, 2002, the Company repaid the $2,000 note payable to an officer/shareholder of the
Company with the related accrued interest of $181.