SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549


                                   FORM 10QSB


                  Quarterly Report under Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                               CIK NO.: 0001107384

For Quarter Ended                                      Commission File Number
March 31, 2002                                               000-31189


                             TRIAD INNOVATIONS, INC.
                          -----------------------------
             (Exact name of registrant as specified in its charter)



         Nevada                                             93-0863198
         ------                                             ----------
         (State of incorporation)                           (I.R.S. Employer
                                                            Identification No.)

835 Golden Avenue, Battle Creek, MI 49015
- -------------------------------------------------------------
(Address of principal executive offices)             (Postal Code)

Registrant's telephone number, including area code:  (616) 969-9752
                                                     --------------

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 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 the  filing
requirements for at least the past 90 days.

                          Yes  X        No
                              ----         -----

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                         19,167,958 as of March 31, 2002

<PAGE>
                             TRIAD INNOVATIONS, INC.
                          (A Development Stage Company)

                        Consolidated Financial Statements

                                 March 31, 2002





<PAGE>
<TABLE>
<CAPTION>










                             Triad Innovations, Inc.
                          (A Development Stage Company)
                           Consolidated Balance Sheets
<S>                                                                          <C>                 <C>

                                     ASSETS

                                                                                  March 31,         December 31,
                                                                                    2002                2001
                                                                             ------------------  ------------------

Current Assets
     Cash                                                                    $          12,877   $             343
     Prepaid Insurance                                                                  20,500              30,750
                                                                             ------------------  ------------------

     Total Current Assets                                                               33,377              31,093

Property, Plant & Equipment (Net)(Note 3)                                               45,820              47,084
-----------------------------------------

Other Assets
     Patents (Note 5)                                                                   28,720              28,720
                                                                             ------------------  ------------------

Total Assets                                                                 $         107,917   $         106,897
                                                                             ==================  ==================


                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
     Accounts payable                                                        $         123,672   $         115,751
     Accrued Liabilities                                                               330,345             206,293
     Notes Payable (Note 11)                                                           162,274             133,250
     Notes Payable - Related Party (Note 10)                                           345,919             345,919
     Interest on Notes Payable                                                          11,305               5,753
                                                                             ------------------  ------------------

     Total Current Liabilities                                                         973,515             806,996

Stockholders' Equity
     Common stock, 25,000,000 Authorized
        $.001 Par Value,19,167,958 and 19,117,958
        Shares Issued and Outstanding, Respectively                                     19,168              19,118
     Additional Paid in Capital                                                       8,037,241           8,033,791
     Deficit Accumulated During Development Stage                                     (8,922,007)        (8,753,008)
                                                                             --------------------        -------------

     Total Stockholders' Equity                                                       (865,598)           (700,099)
                                                                             ------------------          -------------

Total Liabilities & Stockholders' Equity                                     $         107,917        $    106,897
                                                                             ==================         ==============

</TABLE>

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

<PAGE>
<TABLE>
<CAPTION>


                             Triad Innovations, Inc.
                          (A Development Stage Company)
                      Consolidated Statements of Operations
<S>                                                       <C>                <C>                 <C>

                                                                                                        From
                                                                                                    Inception on
                                                            For the Three       For the Three        (October 4,
                                                            Months Ended        Months Ended           1995) to
                                                              March 31,           March 31,           March 31,
                                                                2002                2001                2002
                                                          -----------------  ------------------  ------------------

REVENUE                                                   $       -          $        -          $        -
-------

EXPENSES
   General & administrative                                        162,184              42,700            1,598,984
   Research & development (Note 6)                                -                   -                    267,840
   Oil & Gas leases                                               -                   -                      4,060
   Depreciation (Note 2)                                             1,264                 453              13,588
                                                          -----------------  ------------------  ------------------

   Total Expenses                                                  163,448              43,153            1,884,472

   Net (Loss) from operations                             $       (163,448)  $         (43,153)  $        (1,884,472)

Other Income (Expense)
   Interest Expense                                                 (5,552)           -                    (11,305)
                                                          -----------------  ------------------  ------------------

     Total Other (Expenses)                                         (5,552)           -                    (11,305)

Income Tax (Note 4)                                               -                   -                   -

INCOME (LOSS)                                             $       (169,000)  $         (43,153)  $        (1,895,777)
-------------                                             =================  ==================  ====================

Net Loss Per Common Share (Note 11)                       $          (0.00)  $           (0.00)
                                                          =================  ==================

Average Shares Outstanding (Note 11)                              19,127,402                     15,406,993
                                                          ===================         ======================

</TABLE>
The accompanying notes are an integral part of these financial statements.



<PAGE>
<TABLE>
<CAPTION>




                             Triad Innovations, Inc.
                          (A Development Stage Company)
                      Consolidated Statements of Cash Flows
<S>                                                       <C>                <C>                 <C>

                                                                                                        From
                                                                                                    Inception on
                                                                                                    For the Year
                                                            For the Three       For the Three        (October 4,
                                                            Months Ended        Months Ended          1995) to
                                                              March 31,           March 31,           March 31,
                                                                2002                2001                2002
                                                          -----------------  ------------------  ------------------
CASH FLOWS FROM
   OPERATING ACTIVITIES
     Net Income (Loss)                                    $       (169,000)  $         (43,153)  $        (1,895,777)
     Depreciation                                                    1,264                 458              13,588
   Decrease/Increase in:
     Prepaid expenses                                               10,250            -                    (20,500)
     Accounts payable                                                7,892               6,184             625,669
     Interest Payable                                                5,552            -                     11,305
     Accrued Liabilities                                           124,052            -                    330,345
     Expenses paid by others                                      -                   -                    122,810
     Expenses paid by stock                                       -                   -                    411,413
                                                          -----------------  ------------------  ------------------
                                                                   (19,990)            (36,511)           (401,147)
CASH FLOWS FROM
   INVESTING ACTIVITIES
     Cash paid for patents                                        -                   -                    (28,720)
     Cash paid for equipment                                      -                   -                     (2,565)
                                                          -----------------  ------------------  ------------------
                                                                  -                   -                    (31,285)
CASH FLOWS FROM
   FINANCING ACTIVITIES
     Increase in Notes Payable                                      29,024              37,480              69,542
     Stock sales                                                     3,500            -                    375,767
                                                          -----------------  ------------------  ------------------
                                                                    32,524              37,480             445,309
INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                                             12,534                 969              12,877
   --------------------

CASH AND CASH EQUIVALENTS
   AT THE BEGINNING OF PERIOD                                          343               6,528            -
   --------------------------                             -----------------  ------------------  ------------------

CASH AND CASH EQUIVALENTS
   AT THE END OF PERIOD                                   $         12,877   $           7,497   $          12,877
   --------------------                                   =================  ==================  ==================

CASH PAID DURING THE PERIOD FOR:
     Interest                                             $       -          $        -          $        -
     Income taxes                                         $       -          $        -          $           1,657
STOCK ISSUED FOR:
     Acquisition of Oil & Gas Properties                  $       -          $        -          $          17,500
     Services Rendered                                    $       -          $        -          $         231,500
     Conversion of Debt                                   $       -          $        -          $         150,200


</TABLE>
The accompanying notes are an integral part of these financial statements.



<PAGE>


                             Triad Innovations, Inc.
                          Notes to Financial Statements
                                 March 31, 2002

NOTE #1 - Organization and History

Triad Innovations, Inc. (formerly Saker One Corporation)(Triad) was created on
December 23, 1981 in the State of Utah. Over the years, Triad has engaged in
various enterprises, none of which have been successful. In 1999, Triad acquired
all of the outstanding stock of Triad Compressor, Inc. a Texas corporation,
which owned 100% of the outstanding stock of Fuge Systems, Inc, a Texas
corporation. In 1999, Triad created, and later merged with, a Nevada subsidiary.

Triad Compressor (Compressor) was organized on February 20, 1996 as a wholly
owned subsidiary of Intelligent Design Systems, Inc. (IDS). Compressor became a
separately owned company when IDS declared a dividend and distributed Compressor
stock to IDS stockholders. Triad then acquired all the outstanding stock from
IDS stockholders at a special stockholders meeting on December 21, 1999.

Fuge Systems,  Inc. was created on October 4, 1995 as a wholly owned  subsidiary
of IDS,  which was then spun off as a wholly owned  subsidiary  of Compressor in
November 1998.

Together, all three corporations, Triad, Compressor and Fuge, constitute a
consolidated group of corporations known as the Company. All intercompany
accounts and financial transactions have been eliminated.

The primary asset of Compressor is a compressor that is an engine device that is
intended to be operated using a mix of gaseous fuel such as natural gas that can
be used in the gas industry and other applications. In 1999, the Company
abandoned all research on the compressor and all costs of acquiring a patent on
the process has been written off.

The primary asset of Fuge is a gas centrifuge for multiple applications in the
oil and gas industry.

The centrifuge are still in the development stage and all expenses related to
the research and development are expensed as incurred. The centrifuge has not
reached the commercially viable state and while all activities are directed to
that end, the Company is considered to be a development stage company and all
financial activity of that stage is reported since inception as defined by SFAS
#7


<PAGE>





NOTE #2 - Significant Accounting Policies

A.   The Company uses the accrual method of accounting.

B.   Revenues and directly  related  expenses are  recognized in the period when
     the goods are shipped to the customer.

C.   Primary Earnings Per Share amounts are based on the weighted average number
     of shares  outstanding  at the  dates of the  financial  statements.  Fully
     Diluted  Earnings  Per  Shares  shall be shown on stock  options  and other
     convertible  issues that may be exercised within ten years of the financial
     statement dates.

D.   Consolidation Policies: The accompanying  consolidated financial statements
     include the accounts of the company and its majority - owned  subsidiaries.
     Intercompany   transactions   and   balances   have  been   eliminated   in
     consolidation.


<PAGE>



                             Triad Innovations, Inc.
                          Notes to Financial Statements
                                  March 31,2002

NOTE #2 - Significant Accounting Policies -continued-
-----------------------------------------

E.   Depreciation:  The cost of property and equipment is  depreciated  over the
     estimated  useful  lives  of the  related  assets.  The  cost of  leasehold
     improvements  is depreciated  (amortized)  over the lesser of the length of
     the related assets or the estimated  lives of the assets.  Depreciation  is
     computed on the  straight  line method for  reporting  purposes and for tax
     purposes.

F.   Use of 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 and disclosure of contingent assets and liabilities at the date
     of the financial  statements and reported  amounts of revenues and expenses
     during  the  reporting  period.  Actual  results  could  differ  from those
     estimates.

G.   As permitted by SFAS #123  "Accounting for Stock-Based  Compensation,"  the
     Company has elected to account for the stock option plans as a compensation
     cost when options were issued at equal to or more than fair market value.

NOTE #3 - Property, Plant and Equipment

The Company capitalizes the purchase of equipment and fixtures for major
purchases in excess of $500 per item. Capitalized amounts are depreciated over
the useful life of the assets using the straight line method of depreciation.
Scheduled below are the assets, costs and accumulated depreciation at March 31,
2002 and 2001.
<TABLE>
<CAPTION>
<S>                      <C>            <C>            <C>             <C>            <C>            <C>

                                                                 Depreciation                 Accumulated
                                March 31,                          Expense                    Depreciation
Assets                       2002            2001           2002           2001            2002           2001
-------------------------------------------------------------------------------------------------------------------

Equipment                $     70,420   $      70,420  $       1,050   $       1,210  $      17,850  $      20,590
Office & Computer
  Equipment                     3,414           3,414            214             225          9,765          1,458
                         ------------------------------------------------------------------------------------------
     Total               $     73,834   $      73,834  $       1,264   $       1,435  $      27,615  $      22,048
                         ===========================================================================================================
</TABLE>


NOTE #4 - Income Taxes

The Company  adopted  Statement of Financial  Standards No. 109  "Accounting for
Income  taxes" in the fiscal  year ended  December  31,  1999 which was  applied
retroactively.

Statement of Financial Accounting Standards No. 109 " Accounting for Income
Taxes" requires an asset and liability approach for financial accounting and
reporting for income tax purposes. This statement recognizes (a) the amount of
taxes payable or refundable for the current year and (b) deferred tax
liabilities and assets for future tax consequences of events that have been
recognized in the financial statements or tax returns.

Deferred income taxes result from temporary differences in the recognition of
accounting transactions for tax and financial reporting purposes. There were no
temporary differences at December 31, 2001 and earlier years; accordingly, no
deferred tax liabilities have been recognized for all years.


<PAGE>



                             Triad Innovations, Inc.
                          Notes to Financial Statements
                                 March 31, 2002


NOTE #4 - Income Taxes - continued

The Company has cumulative net operating loss carryforwards of over $8,700,000
at March 31, 2002. No effect has been shown in the financial statements for the
net operating loss carryforwards as the likelihood of future tax benefit from
such net operating loss carryforwards is highly improbable. Accordingly, the
potential tax benefits of the net operating loss carryforwards, estimated based
upon current tax rates at March 31, 2002 have been offset by valuation reserves
of the same amount.

NOTE #5 - Patent

In 1996, 1997 and 1998, the former parent corporation of Triad Compressor
expended funds for the patent research, legal and filing fees for the compressor
and centrifuge being developed by the Company. Once the patents are issued, the
costs will be amortized over the estimated useful and commercial life of the
products. All costs incurred for the patent were contributed to the respective
subsidiaries before the spinoff to the shareholders of Triad Compressor and
subsequent acquisition by the new parent corporation. In 1999, the Company
abandoned the compressor development and all patent costs attributed to the
compressor were written off. U. S. Patent Number 5,902,224 relating to the
centrifuge was issued on May 11, 1999.

NOTE #6 - Research and Development Costs

In 1996, 1997 and 1998, the former parent corporation of Triad Compressor
expended funds for the research and development costs of the compressor and
centrifuge being developed by the Company. Research and development costs
incurred were $3,494, $32,014 and $162,899 for 1996, 1997 and 1998. During 2001,
the Company expensed $4,433 compared to $65,000 in 2000, and $-0- in 1999 in
research and development costs. All costs incurred for the research and
development costs were contributed to the respective subsidiaries before the
spinoff to the shareholders of Triad Compressor and subsequent acquisition by
the new parent.



<PAGE>



                             Triad Innovations, Inc.
                          Notes to Financial Statements
                                 March 31, 2002


NOTE #7 - Stock Based Incentives

Stock Options

As permitted by FASB Statement No 123, Accounting for Stock-Based Compensation,
the Company has elected to follow Accounting Principles Board Opinion No., 25,
Accounting for Stock Issued to Employees (APB 25) and related interpretations in
accounting for its employee option plans. Under APB 25, option expense is
recognized at the time of option grant if the exercise price of the Company's
employee stock option is below the fair market value of the underlying common
stock on the date of the grant.

The Company's Board of Directors has granted non-qualified stock options to
officers, directors, employees and investors of the Company. The following is a
summary of activity under these stock option plans for the year ended December
31, 2001 and the period ended March 31, 2002.
<TABLE>
<CAPTION>
<S>                                                       <C>                <C>                 <C>

                                                                                                      Weighted
                                                                                     Non               Average
                                                              Employee            Employee            Exercise
                                                               Options             Options              Price
                                                          -----------------  ------------------  ------------------
       Options Outstanding, December 31, 2001                     6,500,000  $        -          $      .10
       Granted                                                    -                   -                   -
       Exercised                                                  -                   -                   -
       Canceled                                                   -                   -                   -
                                                          -----------------  ------------------  ------------------
     Options Outstanding, March 31, 2002                          6,500,000  $        -          $      .10
                                                          ================== ==================  ==================
</TABLE>


For all options granted during 2001, the weighted average shares at fair market
value of the grants was $.10 per option, and vested immediately. As permitted by
SFAS #123 "Accounting for Stock-Based Compensation," the Company has elected to
account for the stock option plans under APB #25 "Accounting for Stock Issued to
Employees." Accordingly, no compensation cost has been recognized for these
plans when options were issued at equal to or more than fair market value. The
weighted average remaining life for all options as of December 31, 2001 was
approximately 9.67 years.

NOTE #8 - Going Concern

The Company's financial statements are prepared using generally accepted
accounting principles applicable to a going concern which contemplates the
realization of assets and liquidation of liabilities in the normal course of
business. Currently, the Company does not have significant cash or other
material assets, nor does it have an established source of revenues sufficient
to cover its operating costs and to allow it to continue as a going concern. The
Company is currently seeking equity funding through private placements to raise
sufficient funds to continue operations and fund its ongoing research and
development activities.


<PAGE>



[PG NUMBER]

                             Triad Innovations, Inc.
                          Notes to Financial Statements
                                 March 31, 2002



NOTE #9 - Net Earnings (Loss) Per Share

Basic earnings (loss) per common share (BEPS) is based on the weighted average
number of common shares outstanding during each period. Diluted earnings (loss)
per common share is based on shares outstanding (computed as under BEPS) and
dilutive potential common shares. Shares from the exercise of the outstanding
options were not included in the computation of diluted loss per share, because
their inclusion would have been antidilutive for the periods ended March 31,
2002 and 2001.

The following data shows the shares used in the computing loss per common share
including dilutive potential common stock;

<TABLE>
<CAPTION>
<S>                                                                                          <C>

         Common shares outstanding during the entire period.                                            17,035,708
         Weighted average shares paid for, but not issued during the period.                            -
                                                                                             ----------------------
         Weighted average number of common shares used in basic EPS                                     17,035,708
              dilutive effect of options.                                                               -
                                                                                             ----------------------
         Weighted average number of common shares and dilutive potential
              common shares used in diluted EPS.                                                        17,035,708
                                                                                             ======================
</TABLE>


Shares from the exercise of the outstanding options were not included in the
computation of diluted loss per share because their inclusion would have been
antidilutive for the period ended March 31, 2002.

NOTE #10 - Related Party Transactions

Since inception, officers and shareholders of the Company have loaned the
Company a total of $345,919. The notes are unsecured, non interest bearing and
due on demand.

NOTE #11 - Notes Payable
<TABLE>
<CAPTION>
<S>                                                                                          <C>

                                                                                                    March 31,
The Company has the following note payable obligations.                                               2002
                                                                                             ----------------------
         Various unsecured short term notes, bearing interest at 15%
              per annum, due on demand.                                                      $             162,274
                                                                                             ======================
</TABLE>


Interest of $5,552 was accrued on these notes during the quarter ended March 31,
2002.




<PAGE>


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
- ------------------------------------------------------------------------------
OF OPERATIONS
- -------------

RESULTS OF  OPERATIONS  FOR QUARTER ENDED MARCH 31, 2002 COMPARED TO SAME PERIOD
IN 2001

     The Company had no revenue in 2002 or 2001. The Company  incurred  expenses
of  $163,448  in the  quarter in 2002  compared to $43,153 in the same period in
2001.  The net  operating  loss was  ($163,448) in 2002 compared to ($43,153) in
2001 for the first quarter.  The company had additional  other expense of $5,552
in the year which resulted in net loss totalling  ($169,000) in 2002 compared to
($431,153) in the same period in 2001. The net loss per share was nominal in the
quarter in 2002 and 2001.

     At this time, the Company has no operating  prototype of its technology and
is without capital to build and test a prototype of its technology.  The Company
expects the trend of losses to continue.

LIQUIDITY AND CAPITAL RESOURCES

     The Company has no capital  with which to conduct  operations  and needs to
borrow funds or conduct a private  placement of equity.  The Company is illiquid
and has no assets which are  marketable  at this time.  Its current  liabilities
exceed current assets by ($940,138) at March 31, 2002.



<PAGE>




                           PART II - OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

            None

ITEM 2.     CHANGES IN SECURITIES

            None

ITEM 3.     DEFAULT UPON SENIOR SECURITIES

            None

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

            None

ITEM 5.     OTHER INFORMATION

            None

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            8-K filed 1/11/2002


<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.



                                               TRIAD INNOVATIONS, INC.



Date:  May 17, 2002                            /s/Chris Micklatcher
                                               ---------------------------------
                                               Chris Micklatcher, President