================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

                                QUARTERLY REPORT

                   FOR SMALL BUSINESS ISSUERS SUBJECT TO THE
                        1934 ACT REPORTING REQUIREMENTS

             [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
            SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD
                           ENDED SEPTEMBER 30, 2002.

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

      For the transition period from ________________ to ________________

                       Commission File Number: 000-24595

                          LOCKWAVE TECHNOLOGIES, INC.
             (Exact name of registrant as specified in its charter)

                      Nevada                        88-0343832

        (State or other jurisdiction of            (IRS Employer
        incorporation or organization)           Identification No.)

                 1940 Deer Park Ave, Deer Park, New York 11729
                    (Address of principal executive offices)

        Registrant's telephone number, including area code (516) 977-3425 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 and (2) has been subject to
such filing requirements for the past 90 days. Yes X There are 43,480,000 shares
of common stock issued and outstanding as of September 30, 2002.

================================================================================



                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Unaudited financial statements for the quarter ended Sptember 30, 2002.


                           LOCKWAVE TECHNOLOGIES, INC.
                          (A Development Stage Company)

                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)


                                                    September 30, 2002
                                                    ------------------
     ASSETS
CURRENT ASSETS
  Cash and cash equivalents                                $      -
                                                        -----------
     Total assets                                          $      -
                                                        ===========
     LIABILITIES AND STOCKHOLDERS' EQUITY
 CURRENT LIABILITIES
   Accounts payable                                         $20,643
   Advances from stockholder                                 28,620
                                                        -----------
     Total current liabilities                               49,263
                                                        -----------
STOCKHOLDERS' DEFICIT
 Common stock, $0.001 par value;
 50,000,000 shares authorized,
 43,480,000 shares issued and
 outstanding                                                 43,480

  Additional paid-in-capital
                                                            273,260
   Deficit accumulated during the development stage
                                                           (366,003)
                                                        -----------
     Total stockholders' deficit                            (49,263)
                                                        -----------
     Total liabilities and stockholders' deficit           $    -
                                                        ===========






                           LOCKWAVE TECHNOLOGIES, INC.
                          (A Development Stage Company)

                      CONSOLIDATED STATEMENTS OF OPERATIONS

<table>
<caption>

                                        <c>               <c>            <c>             <c>           <c>

                                                                                                          October 12,
                                                                                                             1999
                                                Three months ended             Six months ended          (inception) to
                                                  September 30,                 September 30,             September 30,
                                               2002           2001           2002           2001             2002
                                             --------       --------        -------       --------        -----------
Revenue                                   $         -       $         -    $         -     $        -     $         -

Product and website development                     -                 -              -              -         164,130
Selling, general and administrative               620            47,050            620         47,050         201,873
expenses
                                          -----------       -----------    -----------     ----------     -----------
Loss from operations before
 provision for income taxes                      (620)          (47,050)          (620)      (47,050)        (366,003)

Provision for income taxes                          -                 -              -              -               -
                                          -----------       -----------    -----------     ----------
-----------
Net loss                                  $     ( 620)       $  (47,050)    $    ( 620)    $ (47,050)      $ (366,003)
                                          ===========       ===========    ===========     ==========     ===========
Net loss per share - basic and diluted    $         -       $         -    $         -    $         -      $    (0.01)
                                          ===========       ===========    ===========     ==========     ===========
Weighted average number of common shares
 outstanding                               43,480,000        38,587,120     43,480,000     37,951,805      33,323,820
                                          ===========       ===========    ===========     ==========     ===========

</table>




                                   (Unaudited)




                           LOCKWAVE TECHNOLOGIES, INC.
                          (A Development Stage Company)

                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

<table>
<caption>

                                            <c>             <c>            <c>              <c>            <c>


                                                                                                 Deficit
                                                                                               Accumulated
                                                     Common Stock                Additional     During the
                                              -----------------------------      Paid-in        Development
                                                  Shares            Amount       Capital          Stage           Total
                                              --------------   ------------    -----------    -------------    ------------

Balance, October 12, 1999 (Inception)          $           -      $       -    $         -      $         -    $          -

Sale of common stock, October 12, 1999            24,125,000         24,125        (24,115)               -              10
Expenses paid by shareholder                               -              -         94,101                -          94,101
Capital contribution                                       -              -          4,195                -           4,159
Net loss                                                   -              -              -          (94,101)        (94,101)
                                              --------------   ------------    -----------    -------------    ------------
Balance, March 31, 2000                           24,125,000         24,125         74,145          (94,101)          4,169

Acquisition of public shell
 corporation, January 24, 2001                    13,170,000         13,170        (13,170)               -               -
Cash to be paid for acquisition                            -              -     (2,000,000)               -      (2,000,000)
Capital contribution                                       -              -        129,420                -         129,420
Net loss                                                   -              -              -         (161,199)       (161,199)
                                              --------------   ------------    -----------    -------------    ------------
Balance, March 31, 2001                           37,295,000         37,295     (1,809,605)        (255,300)     (2,027,610)

Shares issued for services - July 17, 2001           735,000            735         21,315                -          22,050
Shares issued for services - August 10, 2001       1,250,000          1,250         23,750                -          25,000
Shares issued for services - November 14, 2001     1,200,000          1,200         10,800                -          12,000
Shares issued for services - January 11, 2002      3,000,000          3,000         27,000                -          30,000
Forgiveness of cash for acquisition                        -              -      2,000,000                -       2,000,000
Net loss                                                   -              -              -         (110,083)       (110,083)
                                              --------------   ------------    -----------    -------------    ------------
Balance, March 31, 2002                           43,480,000      $  43,480    $   273,260      $  (365,383)   $    (48,643)

Net Loss
(620)           (620)

Balance, Sptember 30, 2002 (Unaudited)            43,480,000      $  43,480    $   273,260      $  (366,003)   $    (49,263)
                                              ==============   ============    ===========    =============    ============

</table>


                                        LOCKWAVE TECHNOLOGIES, INC.
                                       (A Development Stage Company)

                                   CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                (Unaudited)

<table>
<caption>

                                                  <c>               <c>                <c>




                                                                                          October 12, 1999
                                                   Six months ended   Six months ended       (Inception)
                                                     September 30,     September 30,        to September
30,
                                                         2002              2001                  2002
                                                     -----------         ---------          --------------
CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                           $    (620)         $  (47,050)          $ (366,003)
   Expenses paid by shareholder                             620                   -              239,816
   Increase in accounts payable                                -                  -               32,968
   Stock-based compensation                                    -             47,050               89,050
                                                    ------------         -----------          -----------
NET CASH (USED IN) PROVIDED BY OPERATING
ACTIVITIES                                                     -                   -              (4,169)
                                                    ------------         -----------          -----------
CASH FLOWS FROM FINANCING ACTIVITIES -
   Sale of common stock                                        -                   -                   10
   Capital contributions                                       -                   -                4,159
                                                    ------------         -----------          -----------
NET CASH PROVIDED BY FINANCING ACTIVITIES                      -                   -                4,169
                                                    ------------         -----------          -----------
NET (DECREASE) INCREASE IN CASH AND CASH
EQUIVALENTS                                                    -                   -                    -

CASH AND CASH EQUIVALENTS -
 beginning of period                                           -                   -                    -
                                                    ------------         -----------          -----------
CASH AND CASH EQUIVALENTS - end of period              $       -         $         -          $         -
                                                    ============         ===========          ===========

</table>



                           SUPPLEMENTAL INFORMATION:

During the period October 12, 1999 to September 30, 2002, the Company paid no
cash for interest or income taxes.

NON-CASH FINANCIAL ACTIVITY:

During the year ended March 31, 2002, the Company issued 6,185,000 shares of
common stock, valued at $89,050, for services and compensation.


                          LOCKWAVE TECHNOLOGIES, INC.
                         (A Development Stage Company)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (Unaudited)
                               September 30, 2002

NOTE 1 - DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

Lockwave Technologies, Inc. (the "Company") is currently a development-stage
company under the provisions of the Financial Accounting Standards Board
("FASB") Statement of Financial Accounting Standards ("SFAS") NO. 7. The Company
was incorporated under the laws of the state of Nevada on August 28, 1995.

Interim Financial Information

The accompanying unaudited interim financial statements have been prepared by
the Company, in accordance with generally accepted accounting principles
pursuant to Regulation S-B of the Securities and Exchange Commission. Certain
information and footnote disclosures normally included in audited financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted. Accordingly, these interim financial statements
should be read in conjunction with the Company's financial statements and
related notes as contained in form 10-KSB for the year ended March 31, 2002. In
the opinion of management, the interim financial statements reflect all
adjustments, including normal recurring adjustments, necessary for fair
presentation of the interim periods presented. The results of the operations for
the six months ended September 30, 2002 are not necessarily indicative of
results of operations to be expected for the full year.

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATIONS

The following discussion should be read in conjunction with the financial
statements of the Company and related notes included elsewhere in this Report
and in the Company's Current Report on Form 8-K for the period from inception to
September 30, 2002. All statements contained herein (other than historical
facts) including, but not limited to, statements regarding the Company's future
development plans, the Company's ability to generate cash from its operations
and any losses related thereto, are based upon current expectations. These
statements are forward looking in nature and involve a number of risks and
uncertainties. Actual results may differ materially from the anticipated results
or other expectations expressed in the Company are forward- looking statements.
Generally, the words "anticipate", "believe", "estimate", "expects", "will", and
similar expressions as they relate to the Company and/or its management, are
intended to identify forward-looking statements. Among the factors that could
cause actual results to differ materially could be the inability of the Company
to obtain additional financing to meet its capital requirements, needs and
general business and economic conditions as well as technological developments.

OVERVIEW

The Company has a limited history of operations and no history of profitability.
It was incorporated as Professional Mining Consultants, Inc. on August 28, 1995
in the state of Nevada. The Company was originally organized for the purpose of
setting up a Mining Consultant and Engineering office in Las Vegas, Nevada. The
objective was to pursue consulting and management contracts with startup and
small mining companies who are seeking professional and management expertise.
The Company was to focus on and specialized in developing strategies, extraction
and process technology, management and engineering for both open pit and placer
gold, silver and platinum mining operations. In September 1999, the Company
abandoned its original business plan as noted above and decided to pursue
endeavors to seek a company or companies that it can acquire or with whom it can
merge.

The Company's common stock underwent a 2:1 forward split on May 2, 2000,
effective on May 16, 2000. This increased the number of shares outstanding from
4,890,000 to 9,780,000 without changing the authorized common stock. No change
in the rights or ownership percentage of the holders has occurred as a result of
the forward split.

On May 12, 2000 the Company's predecessor, Professional Mining Consultants, Inc.
("PFMC"), approved the Exchange Agreement between itself and a company then
known as 591519 BC Ltd. (d.b.a. AudioMonster Online). Under the terms of the
Agreement, the Company exchanged 2,000,000 shares of its common stock for all of
the shares of capital stock of 591519 BC Ltd. PFMC was the legal acquirer. Upon
completion of the Exchange Agreement, PFMC changed its name to AudioMonster
Online, Inc. For accounting purposes, this acquisition has been treated as a
recapitalization of 591519 BC Ltd. (d.b.a. AudioMonster Online). On June 5, 2000
591519 BC Ltd. changed its name to AudioMonster Online, Inc. As a result two
corporations exist with the name AudioMonster Online, Inc. in both Nevada and
British Columbia with the British Columbia company as a subsidiary of the Nevada
company. On June 20, 2000 the Company entered into share purchase agreement with
Asset Mix Investments Limited ("AMIL") to acquire 100% of the outstanding shares
of ADS Technologies Inc. and paid non refundable deposits totaling $600,000
pursuant to the share purchase agreement.

On July 15, 2000 the Company missed a payment pursuant to the payment schedule
and AMIL elected to terminate the share purchase agreement on July 17, 2000. The
Company has received a legal opinion that there is very little chance of
recovering the deposit amount and had chosen to write down the deposit amount.

On September 19, 2000, the Company incorporated a wholly- owned subsidiary named
AMOL Inc. in Delaware. which entered into an an Agreement and Plan of Merger
with Lockwave, Inc., a Delaware corporation on September 25, 2000. Under the
terms of the agreement, the Company would issue 4,500,000 shares of its common
stock to Imojo, Inc., the sole shareholder of Lockwave, Inc., provide a cash
payment of $3,000,000 and a transfer of 3,625,000 shares of common stock by
existing shareholders of the Company in exchange for all of the issued and
outstanding common stock of Lockwave.

On September 25, 2000, the Company commenced the acquisition of Lockwave, Inc.
("Lockwave") by its wholly-owned subsidiary, AMOL, Inc. Lockwave had no assets
or liabilities or operations at the time of acquisition. A deposit of $250,000
was paid and the Company's common shares were issued and transferred on October
3, 2000. An additional payment of $250,000 was made in December 2000.

On September 25, 2000 on the closing of the Lockwave agreement and plan of
merger, Paul Steo became a director of the Company.

On September 27, 2000 the Company terminated all licenses with its artist under
contract. The company has chosen to write down all advances paid to the artists
and remaining inventory of CD audio disks which was provided at no cost to the
artists as compensation for the Company not fulfilling its license agreements.

On September 27, 2000 the Company abandoned its AudioMonster online music
business plan and decided to focus all resources on completion of the Lockwave
merger and implementation of the Lockwave Business Model.

On January 24, 2001 the terms of the Merger Agreement were amended, 100% of the
outstanding common stock of Lockwave was acquired by Audiomonster in exchange
for 24,125,000 shares of common stock of Audiomonster issued to IMOJO, plus cash
consideration of $2,000,000 (excluding amounts previously paid). As a result,
IMOJO owns approximately 65% of the outstanding shares of Audiomonster. This
transaction was accounted for as a reverse acquisition whereby Lockwave was the
acquirer of Audiomonster for accounting purposes. The historical financial
statements of Audiomonster, prior to the January 24, 2001 transaction, will
become those of Lockwave.

No Payments for the amended cash portion of the merger have been made. They were
scheduled to be paid on the following dates: February 1, 2001, $250,000; March
1, 2001, $250,000; April 1,2001, $500,000; May 1, 2001, $500,000; June 1, 2001,
$500,000.

The Corporation providing services in exchange for the $2,000,000 payable no
longer has the ability to provide these services.

Since the Corporation cannot provide these services, it has been agreed that the
full $2,000,000 payable will be waived. The $2,000,000 payable has been removed
from the Registrant's books to fully reflect this transaction. The Company
issued the following shares of common stock for services:

On July 17, 2001 the Company issued 735,000 shares of 144 restricted common
stock to 9 parties for services valued at $22,050.

On August 10, 2001 the company issued 1,250,000 shares of its common stock to 2
individuals for legal and consulting services performed on the Company's behalf.
The issuance of shares was made pursuant to a Legal Services Plan (the "Plan")
adopted by the Board of Directors on June 29, 2001. The legal and consulting
services provided were valued at $25,000, the fair value of the stock issued.

On November 1, 2001 the company issued 1,200,000 shares of its common stock to 2
individuals for legal and consulting services performed on the Company's behalf.
The legal and consulting services provided were valued at $12,000, the fair
value of the stock issued.

On January 11, 2002 the Company issued 1,000,000 shares of 144 restricted common
stock to the President valued at $10,000, the fair value of the stock issued.

On January 11, 2002 the Company issued 2,000,000 shares of its common stock to 1
individual for consulting services performed on the company's behalf valued at
$20,000, the fair value of the stock issued.

As of September 30, 2002 the Company had a total stockholders' deficit of
$49,263.

See Notes to the Financial Statements for a description of the Company's
significant accounting policies.

RESULTS OF OPERATIONS

The Company was not operating prior to October 12, 1999, and had only incurred
minimal start-up expenses as of that date. There were only administrative
operations for the six months ended September 30, 2002.  Net revenues for the
quarter were $0 and net loss was $620.  For the first six months in  the
previous year the company had operations with net revenues of $0 and a net loss
for the period of $47,050.

LIQUIDITY AND CAPITAL RESOURCES

As of September 30, 2002, the Company had a cash balance of $0. The Company's
total deficit accumulated during the development stage increased to a balance of
$366,003. The Company's total liabilities are $49,263, which represents accrued
expenses and advances by a shareholder.

PLAN OF OPERATIONS

The Company states that its cash on hand and cash from operations is not
sufficient to fund the development of the Lockwave business plan. The Company
has suspended operations and implementation of the Lockwave Technologies
business plan until funds are raised for working capital. The Company plans to
take the following steps that it believes will be sufficient to provide it with
the ability to continue in existence:

        *  The Company is presently contemplating a private placement of equity
           securities and/or convertible debt.

        *  The Company is seeking acquisitions with operating companies.

The sale of additional equity securities or convertible debt will result in
additional dilution to our stockholders. The Company can give no assurance that
it will be able to generate adequate funds from operations, that funds will be
available to us from debt or equity financing, or that if available, the Company
will be able to obtain such funds on favorable terms and conditions. If the
Company cannot secure additional funds it will not be able to continue as a
going concern. The Company currently has no definitive arrangements with respect
to additional financing.

CHANGE IN OFFICERS AND DIRECTORS

On September 25, 2000, the Board of Directors appointed Paul Steo as a member of
the Board of Directors, effective immediately.

Also in connection with the transaction regarding the amended Agreement, the
sole officer and director of the Company, Greg Corcoran, agreed to resign all
his positions with the Company effective January 24, 2001. The remaining members
did not immediately fill the vacancy created by Mr. Corcoran's resignation. Paul
Steo was appointed as President, Secretary, and Treasurer.

On December 12, 2000, the Board of Directors appointed Thomas Massaro as a
member of the Board of Directors, effective immediately.

On March 1, 2001 Thomas Massaro resigned as a member of the Board of Directors
of the Company, effective immediately. Upon his resignation, there were no
disagreements on any matter with the registrant.

CHANGE IN CORPORATE OFFICES

The corporate address of the Company has been changed to 1940 Deer Park Avenue,
#390, Deer Park, NY 11729 and its new telephone and fax number is (516)
977-3425.

CHANGE IN COMPANY NAME

On February 7, 2001, the Board, by its unanimous written consent (the "Board
Consent"), adopted resolutions approving the Amendment effecting the name
change. Under the NRS, the record date for such action, which date determines
the shareholders entitled to vote, was the date of the Board Consent (the
"Record Date"). On the Record Date, the only issued and outstanding shares of
the Company's capital stock entitled to vote on the proposed amendment were
37,295,000 shares of the Company's common stock, par value $0.001 per share (the
"Common Stock"), of which the Majority Shareholders held 24,125,000 or 64.7% of
the total stock entitled to vote on the proposed amendment. On February 7, 2001,
the Majority Shareholders, by written consent in lieu of a meeting, approved the
Amendment to effect the name change. No further consents, votes or proxies are
necessary to effect the name change. The Name Change became effective on
February 27, 2001 when an amendment to the Articles of Incorporation of the
Company providing for the change (the "Amendment") was filed with the Secretary
of State of the State of Nevada. The amended name is Lockwave Technologies, Inc.
Due to the situation regarding the termination of the AudioMonster online label
and business, the Company has amended its corporate name to better reflect its
current business plan which is to focus all resources on implementing the
Lockwave Technologies model. The Company was issued a new trading symbol by the
National Association of Securities Dealers to reflect the corporate name change.
The new trading symbol is LWTI.

                 PART II - OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

The  Company  is not a party to any material  pending  legal proceedings  and,
to  the best of its  knowledge,  no  such action has been threatened by or
against the Company.

ITEM 2.      CHANGES IN SECURITIES AND USE OF PROCEEDS

On  July 17, 2001 the Company issued 735,000 shares  of  144 restricted common
stock to 9 parties for services valued  at $14,700. There were no other
issuances of securities  during the  current  quarter, which were not registered
under  the Securities Act.

On August 10, 2001 the company issued 1,250,000 shares of its common stock to 2
individuals for legal and consulting services performed on the Company's behalf.
The issuance of shares was made pursuant to a Legal Services Plan (the "Plan")
adopted by the Board of Directors on June 29, 2001. The legal and consulting
services provided were valued at $25,000, the fair value of the stock issued.

On November 1, 2001 the company issued 1,200,000 shares of its common stock to 2
individuals for legal and consulting services performed on the Company's behalf.
The legal and consulting services provided were valued at $12,000, the fair
value of the stock issued.

On January 11, 2002 the Company issued 1,000,000 shares of 144 restricted common
stock to the President valued at $10,000, the fair value of the stock issued.

On January 11, 2002 the Company issued 2,000,000 shares of its common stock to 1
individual for consulting services performed on the company's behalf valued at
$20,000, the fair value of the stock issued.


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

No such matters were submitted during the most

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

       EXHIBITS     DESCRIPTION

       2.1          Agreement   and   Plan   of   Merger   dated September   25,
                    2000,  including   exhibits (incorporated  by reference to
                    the  amended Form 8-K, filed on February 7, 2001).

       2.2          Amendment  to Agreement and Plan  of  Merger dated  January
                    24,  2001  (incorporated  by reference to the amended Form
                    8-K, filed  on February 7, 2001).

       3.1          The  exhibit  consisting  of  the  Company's Articles  of
                    Incorporation is  attached  to the  Company's amended Form
                    10-SB, filed  on February   28,   2000.   (This   exhibit
                    is incorporated by reference to that Form.)

       3.2          The  exhibit  consisting  of  the  Company's Bylaws  is
                    attached to the Company's amended Form  10-SB,  filed  on
                    February  28,  2000.  (This  exhibit  is incorporated by
                    reference to that Form.)

      99.01         Certification of CEO and CFO - Pursuant To Section 906

      99.02         Certification of CEO and CFO - Pursuant To Section 302


Reports on Form 8-K:

On  February 7, 2001 and April 9, 2001, the Company filed  a Form  8-K  and
Form  8-K/A,  respectively,  regarding   the Agreement  and Plan of Merger and
the Amendment to Agreement and Plan of Merger.

On  August  10, 2001, the Company filed a Current Report  on Form 8-K regarding
a change in control of the Company.

                                   SIGNATURES

Pursuant to the requirements of Section 12 of the Securities Exchange  Act of
1934, the Registrant has duly  caused  this registration  statement to be signed
on its  behalf  by  the undersigned, thereunto duly authorized.


                           Lockwave Technologies, Inc.


                           By: /s/ Paul Steo
                                   -------------
                                   Paul Steo
                                   President


                           Date: October 17, 2002