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 DECEMBER  31,
2001.

[   ]  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                000-24595                   88-0343832
(State of             (Commission           (I.R.S. Employer
organization)         File Number)       Identification No.)

1940 Deer Park Avenue, #390, Deer Park, NY 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 39,280,000 shares of common stock issued and
outstanding as of February 11, 2002.
PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Unaudited financial statements for the quarter ended December 31, 2001.



                           LOCKWAVE TECHNOLOGIES, INC.
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)


<Table>

                                                  <c>
                                                     December 31, 2001

     ASSETS
CURRENT ASSETS
  Cash and cash equivalents                                $      -
                                                        -----------
     Total assets                                          $      -
                                                        ===========
     LIABILITIES AND STOCKHOLDERS' EQUITY
 CURRENT LIABILITIES
   Accounts payable                                        $ 27,610
                                                        -----------
     Total current liabilities                             $ 27,610
                                                        -----------
STOCKHOLDERS' DEFICIT
  Common stock, $0.001 par value;
   50,000,000 shares authorized,
    39,280,000 shares issued and outstanding                 39,280
  Additional paid-in-capital                                235,460
   Deficit accumulated during the development stage       (302,350)
                                                        -----------
     Total stockholders' deficit                          ( 27,610)
                                                        -----------
     Total liabilities and stockholders' (deficit)
       equity                                             $       -
                                                        ===========
</Table>




                                      - 1 -

                           LOCKWAVE TECHNOLOGIES, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

<Table>

                                  <c>            <c>          <c>            <c>          <c>
                                                                                             October 12,
                                                                                                1999
                                         Three months ended         Nine months ended       (inception) to
                                            December 31,               December 31,         December 31,
                                          2001         2000         2001           2000         2001

Revenue                                   $    -       $     -        $     -       $     -      $     -

Product and website development                -             -              -        94,269      164,130
Selling, general and
 administrative expenses                       -             -         47,050        66,930      138,220
                                     -----------    ----------     ----------   -----------  -----------
Loss from operations before
 provision for income taxes                    -             -       (47,050)     (161,199)    (302,350)

Provision for income taxes                     -             -              -             -            -
                                     -----------    ----------     ----------   -----------  -----------
Net loss                               $       -    $        -     $ (47,050)   $ (161,199)  $ (302,350)
                                     ===========    ==========     ==========   ===========  ===========
Net loss per share - basic and         $       -     $       -      $       -      $ (0.01)    $  (0.01)
diluted
                                     ===========    ==========     ==========   ===========  ===========
Weighted average number of common
shares outstanding                    39,280,000    24,125,000     38,369,167    24,125,000   29,848,611
                                     ===========    ==========     ==========   ===========  ===========
</Table>




                                      - 2 -

                           LOCKWAVE TECHNOLOGIES, INC.
                          (A Development Stage Company)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                   (Unaudited)

<Table>

                                   <c>            <c>           <c>            <c>          <c>
                                                                                  Deficit
                                                                                Accumulated
                                                                   Additional    During the
                                             Common Stock           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                             -             -         4,159             -      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)

Issuance of shares for services,
July 17, 2001                              735,000           735         21,315           -      22,050
Issuance of shares for services,
August 10, 2001                          1,250,000         1,250        23,750             -     25,000
Forgiveness of cash for acquisition              -             -     2,000,000             -  2,000,000

Net loss                                         -             -             -      (47,050)   (47,050)
                                       -----------     ---------   -----------    ---------- ----------
Balance, December 31, 2001              39,280,000      $ 39,280     $ 235,460   $ (302,350) $ (27,610)
                                       ===========     =========   ===========    ========== ==========
</Table>
                                      - 3 -


                           LOCKWAVE TECHNOLOGIES, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

 <Table>
 
                                                     <c>           <C>              <c>

                                                          Nine months   Nine months      October 12,
                                                             ended          ended           1999
                                                         December 31,   December 31,     (Inception)
                                                             2001           2000         to December
                                                                                             31,
                                                                                            2001

 CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                              $ ( 47,050)       $  (161,199)   $  (302,350)
   Expenses paid by shareholder                                   -            161,199        223,521
   Increase in accounts payable                                   -                  -         27,610
   Issuance of common stock for services                     47,050                            47,050
                                                         -----------       ------------   ------------
 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 December 31, 2001,
     the Company paid no cash for interest or income taxes.

     Non-Cash Financial Activities:

     On July 17, 2001, 735,000 shares of common stock, valued at $22,050,
     were issued for services provided to the Company.

     On August 10, 2001, 1,250,000 shares of common stock, valued at $25,000,
     were issued for legal and consulting services provided to the Company.

                                      - 4 -

                        LOCKWAVE TECHNOLOGIES, INC.
                       (A Development Stage Company)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             December 31, 2001
                                (Unaudited)

 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,  2001.  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  nine  months ended December 31, 2001 are not  necessarily
           indicative  of  results of operations to be expected  for  the
           full year.

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

           Forgiveness of Cash Payment for Acquisition
           The  Corporation  providing  services  to  the  Registrant  in
           exchange for the $2,000,000 payable no longer has the  ability
           to  provide  services.  The full $2,000,000 payable  has  been
           waived and removed from the Registrants books.

           Subsequent Events
           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 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF
OPERATIONS

NOTE REGARDING PROJECTIONS AND FORWARD LOOKING STATEMENTS

This  report  contains statements that  are  forward-looking
statements  within  the  meaning of the  federal  securities
laws.  These  include  statements  about  our  expectations,
beliefs,  intentions or strategies for the future, which  we
indicate by words or phrases such as "anticipate," "expect,"
"intend,"  "plan,"  "will," "believe" and similar  language.
These  statements involve known and unknown risks, including
those  resulting  from economic and market  conditions,  the
regulatory  environment  in which  we  operate,  competitive
activities,  and other business conditions, and are  subject
to uncertainties and assumptions set forth elsewhere in this
registration  statement.  Our  actual  results  may   differ
materially from results anticipated in these forward-looking
statements.  We  base  our  forward-looking  statements   on
information  currently available to us,  and  we  assume  no
obligation to update these statements.

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
Annual Report on Form 10-KSB for the period from inception
to March 31, 2001. 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 IMOJO 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 $2,000,000 payable for the acquisition will remain on
the books of the Company as a liability until it is paid or
negotiated.

The Corporation providing the 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.

As of December 31, 2001 the Company had a total
stockholders' deficit of $27,610.
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 9 months
ended December 31, 2001, in which payment was made with the
issuance of common stock.  Net revenues for the Qtr were $0
and net loss was $0. For the previous year the company had
operations with net revenues of $0 and a net loss for the
period of $0.

LIQUIDITY AND CAPITAL RESOURCES

As of December 31, 2001, the Company had a cash balance of
$0. The Company's total deficit accumulated during the
development stage remained at a balance of $302,350. The
Company's total liabilities are $27,610, which represents
accrued expenses.

On January 24, 2001, the purchase agreement for Lockwave was
amended. The amendment provided for the issuance of an
additional 12,000,000 shares of common stock and a reduction
in the remaining cash payment from $2,750,000 to $2,000,000.
In consideration for the reduction in the cash payment, the
Company issued 3,000,000 shares of common stock.

As a result of the issuance of the additional shares
described in the proceeding paragraph the former shareholder
of Lockwave acquired control of the Company. This
acquisition was recorded as a reverse acquisition of the
Company by Lockwave. The financial statements include the
accounts of Lockwave from inception and of the Company from
January 24, 2001.

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

There  were  no issuances of securities during  the  current
quarter, which were not registered under the Securities Act.

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

No  such  matters  were  submitted during  the  most  recent
quarter.

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.

Reports on Form 8-K:  None

                         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: February 12, 2002