# UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

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# FORM
10-Q

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(Mark One)

# |X| QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934

For the
quarterly period ended September 30, 2003

# |_|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

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Commission
File Number 0-29877

TRANSCENDENT
INC.(Exact name of registrant as specified in its
charter)

|Nevada                                                               | 95-4784882                                
|-------------------------------------------------------------------- | ------------------------------------------
|(State
      or other jurisdiction of incorporation or organization) | (I.R.S.
      Employer Identification No.)

|Rick Plotnikoff9175 Mainwaring RoadSidney, British Columbia | V8L 1J9   
|----------------------------------------------------------- | ----------
|(Address of
principal executive offices)                    | (Zip
Code)

(250)  
656-4490(Registrant's telephone number,
including area code)

Not applicable(Former name, former address and former fiscal
year, if changed since last report)

Check
whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12
months (or for such shorter period that the registrant was required to file such
reports) and (2) has been subject to such filing requirements for the past 90
days. Yes |X|     No  |_|

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

Check
whether the registrant filed all documents and reports required to be filed by Section
12, 13 or 15(d) of the Exchange Act after the distribution of securities
under a plan confirmed by a court>     
 Yes |X|     No  |_|

# APPLICABLE ONLY TO CORPORATE
ISSUERS

State the number of shares
outstanding of each of the issuer's classes of common equity, as of the latest
practicable date:

As of November 14, 2003, we had 3,000,000 shares of common
stock outstanding, $0.001 par value.

Transitional Small Business Disclosure Format
(Check one)   Yes  [  ]   No  [  ]

1

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## PART I -
FINANCIAL INFORMATION

# Item
1.     Financial Statements:

BASIS OF
PRESENTATION

The accompanying unaudited
financial statements are presented in accordance with generally accepted
accounting principles for interim financial information and the instructions to
Form 10-QSB. Accordingly, they do not include all of the information and footnotes
required by generally accepted accounting principles for complete financial
statements. The accompanying statements should be read in conjunction with the
audited financial statements for the year ended December 31, 2003. In the
opinion of management, all adjustments (consisting only of normal occurring
accruals) considered necessary in order to make the financial statements not
misleading, have been included. Operating results for the nine months ended
September 30, 2003 are not necessarily indicative of results that may be expected
for the year ending December 31, 2003. The financial statements are presented on
the accrual basis.

## FINANCIAL
STATEMENTS

TRANSCENDENT
INC.Table of Contents

|                                                                   | PAGE
|------------------------------------------------------------------ | ----
|PART I- FINANCIAL INFORMATION                                      |     
|                                                                   |     
|Item 1. Financial Statements                                       | 3-9 
|                                                                   |     
|Item 2. Management's Discussion and Analysis or Plan of Operation  | 10  
|                                                                   |     
|Item 3. Controls and Procedures                                    | 10  
|                                                                   |     
|PART II- OTHER INFORMATION                                         |     
|                                                                   |     
|Item 1. Legal Proceedings.                                         | 11  
|                                                                   |     
|Item 2. Changes in Securities.                                     | 11  
|                                                                   |     
|Item 3. Defaults Upon Senior
    Securities.                       | 11  
|                                                                   |     
|Item 4. Submission of Matters to a Vote
      of Security Holders. | 11  
|                                                                   |     
|Item 5. Other Information.                                         | 11  
|                                                                   |     
|Item 6. Exhibits and Report on Form
    8-K.                       | 11  
|                                                                   |     
|SIGNATURES.                                                        | 11  

2

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**Transcendent, Inc.(A Development
Stage Company)BALANCE SHEET****As of September 30,
2003 and December 31, 2003**

**ASSETS**

|CURRENT ASSETS                                     |   | 9/30/2003 |   | 12/31/2002
|-------------------------------------------------- | - | --------- | - | ----------
|                                                   |   |           |   |           
|Cash                                               | $ | --        | $ | --        
|                                                   |   |           |   |           
|Total current assets                               | $ | --        | $ | --        
|                                                   |   |           |   |           
|PROPERTY AND EQUIPMENT                             |   |           |   |           
|                                                   |   |           |   |           
|None                                               |   | --        |   | --        
|Less: accumulated depreciation                     |   | --        |   | --        
|Total Property and Equipment                       | $ | --        | $ | --        
|                                                   |   |           |  
|                                                   |   |           |  
|OTHER ASSETS                                       |   |           |   |           
|                                                   |   |           |   |           
|None                                               |   | --        |   | --        
|Total Other Assets                                 |   | --        |   | --        
|TOTAL ASSETS                                       | $ | --        | $ | --        
|                                                   |   |           |   |           
|**LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)** |   |           |   |           
|                                                   |   |           |   |           
|CURRENT LIABILITIES                                |   |           |   |           
|                                                   |   |           |   |           
|Accrued expenses                                   | $ | 250       | $ | --        
|Loan from shareholder                              |   | 1,770     |   | --        
|Total Current Liabilities                          |   | 2,020     |   | --        
|                                                   |   |           |  
|**SHAREHOLDERS' EQUITY**                           |   |           |   |           
|                                                   |   |           |  
|Common Stock, $.001 par value                      |   |           |   |           
|Authorized: 25,000,000                             |   |           |   |           
|Issued: 3,000,000 and 3,000,000 respectively       |   | 3,000     |   | 3,000     
|Additional paid in capital                         |   | -         |   | -         
|Accumulated deficit                                |   | (5020)    |   | (3,000)   
|Total Stockholders' Equity                         |   | (2,020)   |   | --        
|TOTAL LIABILITIES AND EQUITY                       | $ | --        | $ | --        

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

3

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**Transcendent, Inc.(A Development
Stage Company)STATEMENT OF OPERATIONS****For the nine months ending September 30,
2003 and 2002and from inception (January 31, 2000) through September 30, 2003**

|                                             |   |           |  |   |           |  |   | FROM      | 
|-------------------------------------------- | - | --------- |  | - | --------- |  | - | --------- | 
|                                             |   | 9/30/2003 |  |   | 9/30/2002 |  |   | INCEPTION | 
|                                             |   |           |  |   |           |  |   |           | 
|REVENUE                                      | $ | --        |  | $ | --        |  | $ | 3,485     | 
|                                             |   |           |  |   |           |  |   |           | 
|COST OF SERVICES                             | $ | --        |  | $ | --        |  | $ | 3,485     | 
|                                             |   |           |  |   |           |  |   |           | 
|GROSS PROFIT OR (LOSS)                       |   | --        |  |   | --        |  |   | --        | 
|                                             |   |           |  |   |           |  |   |           | 
|GENERAL AND ADMINISTRATIVE EXPENSES          |   | 2,020     |  |   | --        |  |   | 8,505     | 
|                                             |   |           |  |   |           |  |   |           | 
|NET INCOME (LOSS)                            | $ | (2,020)   |  | $ | --        |  | $ | (5,020)   | 
|                                             |   |           |  |   |           |  |   |           | 
|Earnings (loss) per share, basic and diluted | $ | --        |  | $ | --        |  |   |           | 
|                                             |   |           |  |   |           |  |   |           | 
|Weighted average number of common shares     |   | 3,000,000 |  |   | 3,000,000 |  |   |           | 

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

4

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**Transcendent, Inc.(A Development
Stage Company)STATEMENT OF OPERATIONS****For the three months ending September 30,
2003 and 2002**

|                                    |   |           |  |   |           |  | 
|----------------------------------- | - | --------- |  | - | --------- |  | 
|                                    |   | 9/30/2003 |  |   | 9/30/2002 |  | 
|                                    |   |           |  |   |           | 
|REVENUE                             | $ | --        |  | $ | --        | 
|                                    |   |           |  |   |           | 
|COST OF SERVICES                    | $ | --        |  | $ | --        | 
|                                    |   |           |  |   |           | 
|GROSS PROFIT OR (LOSS)              |   | --        |  |   | --        | 
|                                    |   |           |  |   |           | 
|GENERAL AND ADMINISTRATIVE EXPENSES |   | 250       |  |   | 1,770     | 
|                                    |   |           |  |   |           | 
|NET INCOME (LOSS)                   | $ | 250       |  | $ | 1,770     | 

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

5

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**Transcendent, Inc.(A Development
Stage Company)STATEMENT OF STOCKHOLDERS' EQUITY****As of September 30, 2003**

|                            |           |  |   |       |  |   | ADDITIONAL |  |   | RETAINED  |  |   |         | 
|--------------------------- | --------- |  | - | ----- |  | - | ---------- |  | - | --------- |  | - | ------- | 
|                            | COMMON    |  |   | PAR   |  |   | PAID-IN    |  |   | EARNINGS  |  |   | TOTAL   | 
|                            | STOCK     |  |   | VALUE |  |   | CAPITAL    |  |   | (DEFICIT) |  |   | EQUITY  | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Inception, January 31, 2000 | 2,500,000 |  | $ | 2,500 |  | $ | --         |  | $ | --        |  | $ | 2,500   | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Stock issued for services   | 500,000   |  |   | 500   |  |   |            |  |   |           |  |   | 500     | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Net income (loss)           |           |  |   |       |  |   |            |  |   | (4,500)   |  |   | (4,500) | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Balance, December 31, 2000  | 3,000,000 |  |   | 3,000 |  |   | --         |  |   | (4,500)   |  |   | (1,500) | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Net income (loss)           |           |  |   |       |  |   |            |  |   | (215)     |  |   | (215)   | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Balance, December 31, 2001  | 3,000,000 |  |   | 3,000 |  |   | --         |  |   | (4,715)   |  |   | (1,715) | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Net income (loss)           |           |  |   |       |  |   |            |  |   | 1,715     |  |   | 1,715   | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Balance, December 31, 2002  | 3,000,000 |  |   | 3,000 |  |   | --         |  |   | (3,000)   |  |   | --      | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Net income (loss)           |           |  |   |       |  |   |            |  |   | (2,020)   |  |   | (2,020) | 
|                            |           |  |   |       |  |   |            |  |   |           |  |   |         | 
|Balance, September 30, 2002 | 3,000,000 |  | $ | 3,000 |  | $ | --         |  | $ | (5,020)   |  | $ | (2,020) | 

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

6

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**Transcendent, Inc.(A Development
Stage Company)STATEMENTS OF CASH FLOWS****For the nine months ending September 30,
2003 and 2002and from inception (January 31, 2000) through September 30, 2003**

|                                                                                                      |   |           |  |   |           |  |   | FROM      | 
|----------------------------------------------------------------------------------------------------- | - | --------- |  | - | --------- |  | - | --------- | 
|CASH FLOWS FROM OPERATING ACTIVITIES                                                                  |   | 9/30/2003 |  |   | 9/30/2002 |  |   | INCEPTION | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|Net Income (loss)                                                                                     | $ | (2,020)   |  | $ | (1,770)   |  | $ | (5,020)   | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|Adjustments to reconcile net income to net cash
          provided by (used in) operating activities: |   |           |  |   |           |  |   |           | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|Increase (Decrease) in accrued expenses                                                               |   | 250       |  |   | --        |  |   | 250       | 
|Increase (Decrease) in stockholder loan                                                               |   | 1,770     |  |   | 1,770     |  |   | 1,770     | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|Total adjustments to net income                                                                       |   | 2,020     |  |   | 1,770     |  |   | 2,020     | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|CASH FLOWS FROM INVESTING ACTIVITIES                                                                  |   |           |  |   |           |  |   |           | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|None                                                                                                  |   | --        |  |   | --        |  |   | --        | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|Net cash flows provided by (used in) investing activities                                             |   | --        |  |   | --        |  |   | --        | 
|CASH FLOWS FROM FINANCING ACTIVITIES                                                                  |   |           |  |   |           |  |   |           | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|Proceeds from stock issuance                                                                          |   | --        |  |   | --        |  |   | 3,000     | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|Net cash flows provided by (used in) financing activities                                             |   | --        |  |   | --        |  |   | 3,000     | 
|CASH RECONCILIATION                                                                                   |   |           |  |   |           |  |   |           | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|Net increase (decrease) in cash                                                                       |   | --        |  |   | --        |  |   | --        | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|Cash - beginning balance                                                                              |   | --        |  |   | --        |  |   | --        | 
|                                                                                                      |   |           |  |   |           |  |   |           | 
|CASH BALANCE END OF PERIOD                                                                            | $ | --        |  | $ | --        |  | $ | --        | 

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

7

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# Transcendent, Inc. 
(A Development Stage Company) 
NOTES TO FINANCIAL STATEMENTS

1.      Summary of Significant Accounting
Policies

Nature of Operations:

Transcendent,
Inc. (the Company), a Nevada corporation, was incorporated on January 31,
2000. The Company is a Development Stage Company with a fiscal year ending December 31.
The business of the Company is facilitating professional and executive personal
development and motivation through seminars, consulting, and related products and
services. To date, the Company has had no revenues.

Cash Equivalents:

Cash
equivalents consist of funds invested in money market accounts and investments with
maturities of three months or less when purchased. There were no cash equivalents for the
period January 31, 2000 (inception) to December 31, 2001.

Loss per Common Share:

In
February 1997, the Financial Accounting Standards Board (FASB) issued SFAS No.
128, Earnings Per Share. The statement replaced primary EPS with basic EPS,
which is computed by dividing reported earnings available to common shareholders by
weighted average shares outstanding. The provision requires the calculation of diluted
EPS. The company uses the method specified by the statement.

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 amounts
reported in financial statements and accompanying notes. Actual results could differ from
those estimates.

Issuance of Shares for Services:

Valuation
of shares for services is based on the estimated fair market value of the services
performed.

Income Taxes:

The
Company uses the liability method of accounting for income taxes specified by SFAS No.
109, Accounting for Income Taxes, whereby deferred tax liabilities and assets
are determined based on the difference between financial statement and tax bases of assets
and liabilities using enacted tax rates in effect for the year in which the differences
are expected to reverse. Deferred tax assets are recognized and measured based on the
likelihood of realization of the related tax benefit in the future. The Company had no
material net deferred tax assets or liabilities at December 31, 2001.

2.      Income Taxes.

The
Company has Federal net operating loss carry forwards of approximately $5,020, of which
$5,020 expires during 2020 through 2022.

The
Internal Revenue Code contains provisions which may limit the loss carry forward available
if significant changes in stockholders ownership of the Company occur.

The
deferred tax asset at December 31, 2002 is principally comprised of federal tax effects of
the net operating loss carry forward and is fully reserved.

8

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3.      Related Party Transaction.

The
Company issued 500,000 common shares to the Chairman of the Board of Directors and
President and to various other shareholders for services during the period from January
31, 2000 (inception) to December 31, 2000.

The
Company uses the facilities and personnel of its Chairman and President without charge.

4.      Development Stage Company.

The Company
is a Development Stage Company. A Development Stage Company is one for which principal
operations have generated no revenues or an insignificant amount of revenue. A Development
Stage Company devotes most of its activities to establishing a new business.

5.      Loan from Shareholder.

Unsecured
non-interest bearing demand loans from the Companys Chairman and President amounted
to $215 for the year ended December 31, 2001 and the period January 31, 2000 (inception)
to December 31, 2001. The outstanding balance as of December 31, 2002 amounted to $0.00.

The
loss or amendment of this loan or of the continuing financial support of the
Companys president would have an adverse affect upon the Companys operations.

6.      Basis of presentation and considerations
related to continued existence (going concern)

The
Companys financial statements have been presented on the basis that it is a going
concern, with contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business. The Company incurred net losses of $5,020 from
inception. From inception to date the Company has had no material revenues. These factors,
among others, raise substantial doubt as to the Companys ability to continue as a
going concern.

The
Companys management intends to raise additional operating funds through equity
and/or debt offerings. However, there can be no assurance management will be successful in
this endeavor.

7.      Fair Values of Financial
Instruments.

The
carrying amount for loans from shareholder approximates fair value because of the
short-term maturity of this instrument.

9

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# Item 2.
     Managements Discussion and Analysis of
Financial Conditions and Results of Operations

Plan of Operation

The Registrant is continuing its
efforts to locate a merger Candidate for the purpose of a merger. It is possible that the
registrant will be successful in locating such a merger candidate and closing such merger.
However, if the registrant cannot effect a non-cash acquisition, the registrant may have
to raise funds from a private offering of its securities under Rule 506 of Regulation D.
There is no assurance the registrant would obtain any such equity funding.

Results of Operation

The Company did not have any material
operating income from inception (July 22, 2000) through September 30, 2003. From
inception, the registrant recognized a net loss of $5,020. Some general and administrative
expenses during the year were accrued. Expenses for the year were comprised of costs
mainly associated with legal, accounting and office.

Liquidity and Capital
Resources

The Company had no capital resources
and will rely upon the issuance of common stock and additional capital contributions from
shareholders to fund administrative expenses pending acquisition of an operating company.

# Item 3.     Controls and
Procedures

(a)    
Evaluation of disclosure controls and procedures.

Our Chief Executive Officer and Chief
Financial Officer (collectively the Certifying Officers) maintain a system of
disclosure controls and procedures that is designed to provide reasonable assurance that
information, which is required to be disclosed, is accumulated and communicated to
management timely. Under the supervision and with the participation of management, the
Certifying Officers evaluated the effectiveness of the design and operation of our
disclosure controls and procedures (as defined in Rule [13a-14(c)/15d-14(c)] under the
Exchange Act) within 90 days prior to the filing date of this report. Based upon that
evaluation, the Certifying Officers concluded that our disclosure controls and procedures
are effective in timely alerting them to material information relative to our company
required to be disclosed in our periodic filings with the SEC.

(b)    
Changes in internal controls.

Our Certifying Officer has indicated
that there were no significant changes in our internal controls or other factors that
could significantly affect such controls subsequent to the date of his evaluation, and
there were no such control actions with regard to significant deficiencies and material
weaknesses.

10

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## PART II - OTHER INFORMATION

Item
1.      Legal
Proceedings     None

Item
2.      Changes in
Securities     None

Item
3.      Defaults Upon Senior
Securities     Not Applicable

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     None

a. Exhibits

31.1   
Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002

32.1   
Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002

b. Reports on Form 8-K

None.

No reports on Form 8-K
were filed for this quarter of 2003.

# 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.



|TRANSCENDENT,
INC.                                                    
|----------------------------------------------------------------------
|                                                                      
|/s/  Rick Plotnikoff
      Rick PlotnikoffCEO,
      CFO and President

Dated:   November 14,
2003

11