U. S. Securities and Exchange Commission
                                   Washington, D. C. 20549


                                         FORM 10-QSB


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

        For the quarterly period ended March 31, 2002

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

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


                               Commission File No.
                                     0-32393


                         CENTROID CONSOLIDATED MINES CO.
                 (Name of Small Business Issuer in its Charter)


                  NEVADA                               87-0645507
      (State or Other Jurisdiction of            (I.R.S. Employer I.D. No.)
       incorporation or organization)


                         5525 South 900 East, Suite 110
                           Salt Lake City, Utah 84117
                    (Address of Principal Executive Offices)

                    Issuer's Telephone Number: (801)262-8844

                              None; not applicable.
                                   -----------
          (Former Name or Former Address, if changed since last Report)

     Indicate  by check mark  whether the  Registrant  (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the  Securities  Exchange Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
Registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

(1)  Yes  X    No              (2)  Yes      No     X
         ----     ----                  ----      ----
<PAGE>

APPLICABLE  ONLY TO  ISSUERS  INVOLVED  IN  BANKRUPTCY  PROCEEDINGS  DURING  THE
PRECEDING FIVE YEARS

  None; not applicable.

     APPLICABLE  ONLY  TO  CORPORATE  ISSUERS  Indicate  the  number  of  shares
outstanding  of each of the  Registrant's  classes  of common  stock,  as of the
latest practicable date:

                                March 31, 2002
                                   1,714,352


                       DOCUMENTS INCORPORATED BY REFERENCE

     A description of any "Documents Incorporated by Reference" is contained in
Item 6 of this Report.

PART I - FINANCIAL INFORMATION

Item 1.Financial Statements.

     The Financial  Statements of the Registrant  required to be filed with this
10-QSB  Quarterly  Report  were  prepared  by  management  and  commence  on the
following page,  together with related Notes. In the opinion of management,  the
Financial Statements fairly present the financial condition of the Registrant.


<PAGE>
<TABLE>
<CAPTION>

                         CENTROID CONSOLIDATED MINES CO.
                         [A Development Stage Company]
                                 BALANCE SHEETS
                      March 31, 2002 and December 31, 2001

                                               3/31/02                12/31/01
                                           ----------------    -----------------
                                            [Unaudited]

                                       <c>                   <c>
                                     ASSETS

      Total Current Assets                $               0      $             0

                                           ----------------       --------------
TOTAL ASSETS                              $               0      $             0
                                           ================       ==============

                       LIABILITIES & STOCKHOLDERS DEFICIT

LIABILITIES

      Current Liabilities
          Loans from stockholders         $           8,664      $         8,262
          Accounts Payable                              305                  305
          Income Taxes Payable                           50                   50
                                           ----------------       --------------
      Total Current Liabilities                       9,019      $         8,617
                                           ----------------       --------------
TOTAL LIABILITIES                                     9,019                8,617
                                           ================       ==============

STOCKHOLDERS DEFICIT
          Common Stock, $.001 par value;
               authorized 30,000,000 shares;
               issued and outstanding
               1,714,352  shares                      1,714                1,714
          Paid-in Capital                         1,137,279            1,137,279
          Accumulated Deficit                    (1,132,993)          (1,132,993)
          Deficit accumulated during
               development stage                    (15,019)             (14,617)
                                           ----------------       --------------
TOTAL STOCKHOLDERS'DEFICIT                           (9,019)              (8,617)
                                           ----------------       --------------
TOTAL LIABILITIES & STOCKHOLDERS DEFICIT  $               0      $             0
                                           ================       ==============
</TABLE>



NOTE  TO  FINANCIAL   STATEMENTS:   Interim  financial  statements  reflect  all
adjustments  which  are,  in the  opinion  of  management,  necessary  to a fair
statement  of the results for the periods.  The December 31, 2001 balance  sheet
has been derived from the audited financial statements.  These interim financial
statements  conform with the requirements for interim  financial  statements and
consequently do not include all the disclosures  normally  required by generally
accepted accounting principles.
<PAGE>
<TABLE>
<CAPTION>


                         CENTROID CONSOLIDATED MINES CO.
                          [A Development Stage Company]
                            STATEMENTS OF OPERATIONS
            For the Three Month Periods Ended March 31, 2002 and 2001
   and for the period from Reactivation [June 8, 1999] through March 31, 2002

                                               Three Months         Three Months          6/8/99
                                                   Ended                Ended             Through
                                                  3/31/02              3/31/01            3/31/02
                                             ------------------  ------------------  ----------------
                                                [Unaudited]          [Unaudited]        [Unaudited]

                                       <c>                  <c>
REVENUE
      Revenue from Operations              $                 0  $                 0  $              0
                                             ------------------   ------------------  ----------------
NET REVENUE                                                  0                    0                 0

OPERATING EXPENSES
     General and Administrative Expenses   $               402  $             1,798            14,804
                                             ------------------   ------------------  ----------------
TOTAL OPERATING EXPENSES                                   402                1,798            14,804
                                             ------------------   ------------------  ----------------
NET INCOME BEFORE TAXES                    $              (402) $            (1,798)          (14,804)
                                             ==================   ==================  ================
INCOME/FRANCHISE TAXES                                       0                    0               215

NET LOSS                                                  (402)              (1,798)          (15,019)

NET LOSS PER SHARE                         $             (0.01) $             (0.01) $          (0.01)
                                             ==================   ==================  ================
WEIGHTED AVERAGE NUMBER OF SHARES
  OUTSTANDING                                        1,714,352            1,714,352         1,567,343
                                             ==================   ==================  ================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                         CENTROID CONSOLIDATED MINES CO.
                          [A Development Stage Company]
                            STATEMENTS OF CASH FLOWS
            For the Three Month Periods Ended March 31, 2002 and 2001
   and for the period from Reactivation [June 8, 1999] through March 31, 2002


                                                        Three Months        Three Months          6/8/99
                                                           Ended                Ended             Through
                                                          3/31/02              3/31/01            3/31/02
                                                      -----------------    ----------------   --------------
                                                        [Unaudited]           [Unaudited]       [Unaudited]

                                                <c>                   <c>
Cash Flows Used For Operating Activities
----------------------------------------
  Net Loss                                          $             (402)   $         (1,798)   $     (15,019)
  Adjustments to reconcile net loss to net cash
    used in operating activities:
   Increase/(Decrease) in franchise taxes payable                    0                   0              355
   Increase/(Decrease) in loans from shareholder                   402               1,798           14,664
                                                      -----------------       -------------     ------------
      Net Cash Used For Operating Activities        $                0    $              0    $           0
                                                      =================       ==============    ============

Cash Flows Provided by Financing Activities
-------------------------------------------

      Net Increase In Cash                                           0                   0                0
      Beginning Cash Balance                                         0                   0                0
      Ending Cash Balance                           $                0    $              0                0
                                                      =================      ===============    ============




</TABLE>
<PAGE>

Item 2.Management's Discussion and Analysis or Plan of Operation.

Plan of Operation.

     The Company has not engaged in any  material  operations  during the period
ending March 31, 2002 or since June 30, 1994. The Company intends to continue to
seek out the acquisition of assets,  property or business that may be beneficial
to the Company and its stockholders.

     The Company's only foreseeable cash requirements  during the next 12 months
will relate to maintaining  the Company in good standing in the State of Nevada,
keeping its reports "current" with the Securities and Exchange Commission or the
payment of expenses  associated  with reviewing or  investigating  any potential
business  venture.  Management does not anticipate that the Company will have to
raise additional funds during the next 12 months,  however, if additional moneys
are needed, they may be advance by management or principal stockholders as loans
to the Company.  Because the Company has not  identified  any such venture as of
the date of this Report, it is impossible to predict the amont of any such loan.
However,  any such loan  will not  exceed  $25,000  and will be on terms no less
favorable to the Company than would be available from a commercial  lender in an
arm's length  transaction.  As of the date of this  Report,  the Company has not
begun seeking any acquisition.

Results of Operations.

     The Company  has had no business  operations  during the  quarterly  period
ended March 31, 2002 or since June 30, 1994.  During the quarterly  period ended
March 31, 2002, the Company  received no revenue and incurred  expenses of $402,
stemming from general and administrative expenses.

Liquidity.

     At March 31,  2002,  the Company had total  current  assets of $0 and total
liabilities of $9,019

<PAGE>

PART II - OTHER INFORMATION

Item 1.Legal Proceedings.

None; not applicable.

Item 2.Changes in Securities.

None; not applicable.

Item 3.Defaults Upon Senior Securities.

None; not applicable.

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

None; not applicable.

Item 5.Other Information.

None; not applicable

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

(a)Exhibits.*

None; Not Applicable.

(b)Reports on Form 8-K.

     None; not applicable.

     *A summary of any Exhibit is modified in its  entirety by  reference to the
actual Exhibit.

<PAGE>

SIGNATURES

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

                         CENTROID CONSOLIDATED MINES CO.



Date:  4-2-02               By/S/Jason Jenson
                            Jason Jenson, Vice-President and Director



Date:  4-2-02               By/S/Harold Jenson
                            Harold Jenson, Secretary, Treasurer and Director