UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB/A

(Mark One)

[X]  Quarterly  report under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934 For the quarterly period year ended March 31, 2000

[ ]  Transition report under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934

                  For the transition period from _____ to _____

                        Commission file number 000-26095


                              ENVIROKARE TECH, INC.
        (Exact name of small business issuer as specified in its charter)


            Nevada                                               88-0412549
 (State or other jurisdiction                                 (I.R.S. Employer
of incorporation or organization)                            Identification No.)

             2470 Chandler Avenue, Suite 5, Las Vegas, Nevada 89120
                    (Address of principal executive offices)

                                 (702) 262-1999
                           (Issuer's telephone number)

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

Check whether the issuer 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 [ ] No [ ]

                                 NOT APPLICABLE

                      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: The total number of shares of Common
Stock,  par value  $.001  per  share,  outstanding  as of April  27,  2000,  was
11,089,478.

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



<PAGE>



The Company  hereby  amends the following  Item of its Quarterly  Report on Form
10-QSB for the three  months  ended March 31, 2000 (the  Original  Filing).  The
below  referenced  Item in Part I is hereby  amended by deleting the Item in its
entirety and replacing it with the Item set forth herein.  Any Items or Exhibits
in the Original Filing not expressly changed hereby shall be as set forth in the
Original Filing.



                                TABLE OF CONTENTS

Part I - FINANCIAL INFORMATION

Item 1.  Financial Statements..................................................1

           Accountant's Review Report..........................................2

           Statements of Financial Position....................................3

           Statements of Operations and Comprehensive Loss.....................4

           Statement of Stockholders' Equity...................................5

           Statements of Cash Flows............................................6

           Notes to the Financial Statements...................................7



<PAGE>



                         PART I - FINANCIAL INFORMATION


Item 1. Financial Statements





                              ENVIROKARE TECH, INC.
                              Financial Statements
                      March 31, 2000 and December 31, 1999







                              WILLIAMS & WEBSTER PS
                          Certified Public Accountants
                            Seafirst Financial Center
                           W 601 Riverside, Suite 1940
                                Spokane, WA 99201
                                 (509) 838-5111






                                       1

<PAGE>


Board of Directors
Envirokare Tech, Inc.
2470 Chandler, Suite 5
Las Vegas, Nevada  89120

Accountant's Review Report

We have reviewed the accompanying  statement of financial position of Envirokare
Tech,  Inc. (a  development  stage company) as of March 31, 2000 and the related
statements of operations and  comprehensive  loss, cash flows, and stockholders'
equity for the three months  ended March 31, 2000,  and for the period from June
15, 1998 (inception) through March 31, 2000. These financial  statements are the
responsibility of the Company's management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A review  of  interim  financial
information consists principally of applying analytical  procedures to financial
data and making  inquiries of persons  responsible  for financial and accounting
matters.  It is  substantially  less in scope than an audit in  accordance  with
generally accepted auditing standards,  the objective of which is the expression
of an opinion regarding the financial statements taken as a whole.  Accordingly,
we do not express such an opinion.

Based on our review, we are not aware of any material  modifications that should
be made to the  accompanying  financial  statements  in order  for them to be in
conformity with generally accepted accounting principles.

The financial statements for the year ended December 31, 1999 were audited by us
and we  expressed an  unqualified  opinion on them in our report dated March 31,
2000, but we have not performed any auditing procedures since that date.

As discussed in Note 2, the Company has been in the development  stage since its
inception and has no revenues.  The Company's  continued  viability is dependent
upon the Company's  ability to meet its future  financing  requirements  and the
success of future  operations.  These factors raise  substantial doubt about the
Company's ability to continue as a going concern.  Management's  plans regarding
those matters are  described in Note 2. The financial  statements do not include
any adjustments that might result from the outcome of this uncertainty.


As discussed in Note 6 to the financial  statements,  the disclosure  concerning
stock ownership in 1998 has been clarified for disclosure purposes.


/s/ Williams & Webster, P.S.


Williams & Webster, P.S.
Certified Public Accountants
Spokane, Washington
April 25, 2000 (except for Note 6, as to which the date is May 17, 2000)



                                       2

<PAGE>


                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                        STATEMENTS OF FINANCIAL POSITION

<TABLE>
<CAPTION>
                                                                         March 31,      December 31,
                                                                           2000             1999
                                                                        (unaudited)
                                                                       ------------     ------------
<S>                                                                    <C>              <C>
ASSETS
       CURRENT ASSETS
            Cash                                                       $   321,898      $   148,046
            Prepaid expenses                                                91,290           76,291
                                                                       -----------      -----------
                 TOTAL CURRENT ASSETS                                      413,188          224,337
                                                                       -----------      -----------

       PROPERTY AND EQUIPMENT
            Furniture and fixtures                                           1,893            1,593
            Office equipment                                                 6,661            6,661
                 Less accumulated depreciation                              (1,789)          (1,385)
                                                                       -----------      -----------
                 TOTAL PROPERTY AND EQUIPMENT                                6,765            6,869
                                                                       -----------      -----------

       OTHER ASSETS
            Deposits and retainers                                          21,289           18,789
            Patent costs                                                    33,939           33,939
                                                                       -----------      -----------
                 TOTAL OTHER ASSETS                                         55,228           52,728
                                                                       -----------      -----------

            TOTAL ASSETS                                               $   475,181      $   283,934
                                                                       ===========      ===========

LIABILITIES & STOCKHOLDERS' EQUITY
       CURRENT LIABILITIES
            Accounts payable                                           $    16,198      $    88,155
            Notes payable                                                   61,965           61,965
            Accrued interest                                                 8,321            6,770
            Reimbursement due                                                 --             12,200
                                                                       -----------      -----------
                 TOTAL CURRENT LIABILITIES                                  86,484          169,090
                                                                       -----------      -----------

       COMMITMENTS AND CONTINGENCIES                                          --               --
                                                                       -----------      -----------
       STOCKHOLDERS' EQUITY
            Preferred stock, 10,000,000 shares authorized,
                 $.001 par value; 500,000 and no shares issued and
                 outstanding, respectively                                     500              500
            Common stock, 200,000,000 shares authorized,
                 $.001 par value; 11,089,478 and 10,746,140 shares
                 issued and outstanding, respectively                       11,089           10,746
            Stock subscriptions receivable                                    --           (105,000)
            Additional paid-in-capital                                     842,557          585,400
            Stock options                                                  552,000          552,000
            Accumulated deficit during developmental stage              (1,015,089)        (927,600)
            Other comprehensive loss                                        (2,360)          (1,202)
                                                                       -----------      -----------
            TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                           388,697          114,844
                                                                       -----------      -----------

            TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                 $   475,181      $   283,934
                                                                       ===========      ===========
</TABLE>

       See accountant's review report and notes to financial statements.

                                       3

<PAGE>




                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                 STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

<TABLE>
<CAPTION>
                                                          For the            For the         Period from
                                                        Three Months      Three Months      June 15, 1998
                                                           Ended              Ended         (Inception) to
                                                         March 31,          March 31,         March 31,
                                                            2000              1999               2000
                                                        (unaudited)        (unaudited)       (unaudited)
                                                        ------------      ------------      ------------
<S>                                                     <C>               <C>               <C>
REVENUES                                                $       --        $       --        $       --
                                                        ------------      ------------      ------------
EXPENSES

       Consulting fees: related parties                       15,170            15,000           307,886
       Other consulting fees                                  32,500             7,500           417,550
       Rent                                                    2,292             2,190            16,111
       General and administrative                             20,722             1,281           121,428
       Transfer agent fees                                       679              --               2,032
       Depreciation                                              404               163             1,788
       Interest on notes payable                               1,551             1,689             8,363
       Listing expenses and filing fees                        3,485            12,371            12,132
       Legal and accounting                                   10,686            11,500            56,649
       Research and development                                 --                --              71,150
                                                        ------------      ------------      ------------
            TOTAL EXPENSES                                    87,489            51,694         1,015,089
                                                        ------------      ------------      ------------

LOSS FROM OPERATIONS                                         (87,489)          (51,694)       (1,015,089)

INCOME TAX                                                      --                --                --
                                                        ------------      ------------      ------------

NET LOSS                                                     (87,489)          (51,694)       (1,015,089)

OTHER COMPREHENSIVE LOSS
       Foreign currency translation loss                      (1,158)             --              (2,360)
                                                        ------------      ------------      ------------

COMPREHENSIVE LOSS                                           (88,647)          (51,694)       (1,017,449)
                                                        ============      ============      ============

       BASIC AND DILUTED NET LOSS PER COMMON SHARE      $      (0.01)     $      (0.01)     $      (0.10)
                                                        ============      ============      ============

       WEIGHTED AVERAGE NUMBER OF BASIC AND DILUTED
            COMMON STOCK SHARES OUTSTANDING               10,917,809        10,150,000        10,254,047
                                                        ============      ============      ============
</TABLE>

       See accountant's review report and notes to financial statements.

                                       4

<PAGE>


ENVIROKARE TECH, INC.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY


<TABLE>
<CAPTION>
                                                             Preferred Stock                   Common Stock
                                                       ---------------------------     ---------------------------      Additional
                                                         Number                           Number                         Paid-In
                                                        of Shares        Amount          of Shares        Amount         Capital
                                                       -----------     -----------     -----------     -----------     -----------
<S>                                                        <C>         <C>              <C>            <C>             <C>
Issuance of common stock in June, 1998:
      For cash at $.001 per share                             --       $      --        10,000,000     $    10,000     $      --

Net loss for period ended December 31, 1998                   --              --              --              --              --
                                                       -----------     -----------     -----------     -----------     -----------
Balance
      December 31, 1998                                       --              --        10,000,000          10,000            --

Issuance of common stock at $.50 - $1.00 per share            --              --           746,140             746         334,053
      for cash

Issuance of  preferred stock at $.50 per share             500,000             500            --              --           249,500
      for cash

Issuance of stock options                                     --              --              --              --              --

Forgiveness of debt                                           --              --              --              --             1,847

Net loss for year ended December 31, 1999                     --              --              --              --              --

Foreign currency translation loss                             --              --              --              --              --
                                                       -----------     -----------     -----------     -----------     -----------
Balance, December 31, 1999                                 500,000             500      10,746,140          10,746         585,400

Cash received for subscriptions receivable                    --              --              --              --              --

Issuance of common stock at $0.75 per share                   --              --           343,338             343         257,157

Net loss for the three months ended March 31, 2000            --              --              --              --              --

Foreign currency translation loss                             --              --              --              --              --
                                                       -----------     -----------     -----------     -----------     -----------
Balance, March 31, 2000 (unaudited)                        500,000             500      11,089,478          11,089         842,557
                                                       ===========     ===========     ===========     ===========     ===========

<CAPTION>

                                                                                                          Other            Total
                                                        Stock       Subscriptions      Accumulated    Comprehensive    Stockholders'
                                                       Options       Receivable          Deficit          Loss            Equity
                                                     -----------     -----------      -----------      -----------      -----------
<S>                                                  <C>             <C>              <C>              <C>              <C>
Issuance of common stock in June, 1998:
      For cash at $.001 per share                    $      --       $      --        $      --        $      --        $    10,000

Net loss for period ended December 31, 1998                 --              --            (34,427)            --            (34,427)
                                                     -----------     -----------      -----------      -----------      -----------
Balance
      December 31, 1998                                     --              --            (34,427)            --            (24,427)

Issuance of common stock at $.50 - $1.00 per share          --          (105,000)            --               --            229,799
      for cash

Issuance of  preferred stock at $.50 per share              --              --               --               --            250,000
      for cash

Issuance of stock options                                552,000            --               --               --            552,000

Forgiveness of debt                                         --              --               --               --              1,847

Net loss for year ended December 31, 1999                   --              --           (893,173)            --           (893,173)

Foreign currency translation loss                           --              --               --             (1,202)          (1,202)
                                                     -----------     -----------      -----------      -----------      -----------
Balance, December 31, 1999                               552,000        (105,000)        (927,600)          (1,202)         114,844

Cash received for subscriptions receivable                  --           105,000             --               --            105,000

Issuance of common stock at $0.75 per share                 --              --               --               --            257,500

Net loss for the three months ended March 31, 2000          --              --            (87,489)            --            (87,489)

Foreign currency translation loss                           --              --               --             (1,158)          (1,158)
                                                     -----------     -----------      -----------      -----------      -----------
Balance, March 31, 2000 (unaudited)                      552,000            --         (1,015,089)          (2,360)         388,697
                                                     ===========     ===========      ===========      ===========      ===========
</TABLE>

        See accountant's review report and notes to financial statements.

                                       5

<PAGE>

                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                    For the          For the         Period from
                                                                                  Three Months     Three Months     June 15, 1998
                                                                                     Ended            Ended         (Inception) to
                                                                                   March 31,        March 31,         March 31,
                                                                                      2000             1999              2000
                                                                                   (unaudited)      (unaudited)      (unaudited)
                                                                                  -------------    ------------     -------------
<S>                                                                               <C>              <C>              <C>
Cash flows from operating activities:
       Net loss                                                                   $   (87,489)     $   (51,694)     $(1,015,089)
       Adjustments to reconcile net loss
            to net cash used by operating activities:
       Depreciation                                                                       404              163            1,788
       Stock options issued for consulting fees                                          --               --            552,000
       Increase (decrease)  in prepaid expenses                                       (17,499)          10,500         (112,579)
       Increase (decrease) in accounts payable                                        (84,157)            --             16,199
       Increase in accrued interest                                                     1,551            1,549            8,321
       Expenses paid by note payable                                                     --               --              2,870
                                                                                  -----------      -----------      -----------
       Net cash used by operating activities                                         (187,190)         (39,482)        (546,490)
                                                                                  -----------      -----------      -----------
Cash flows from investing activities:
       Patent costs                                                                      --               --               (609)
       Purchase of equipment                                                             (300)            --             (5,942)
                                                                                  -----------      -----------      -----------
       Net cash used in investing activities                                             (300)            --             (6,551)
                                                                                  -----------      -----------      -----------
Cash flows from financing activities:
       Proceeds from sale of preferred stock                                             --               --            250,000
       Proceeds from sale of common stock                                             362,500           37,500          602,299
       Proceeds from issuance of notes payable                                           --             12,000           25,000
                                                                                  -----------      -----------      -----------
       Net cash provided by financing activities                                      362,500           49,500          877,299
                                                                                  -----------      -----------      -----------
Increase in cash                                                                      175,010           10,018          324,258

Adjustment for foreign currency                                                        (1,158)            --             (2,360)

Cash, beginning of period                                                             148,046            2,388             --
                                                                                  -----------      -----------      -----------
Cash, end of period                                                               $   321,898      $    12,406          321,898
                                                                                  ===========      ===========      ===========

SUPPLEMENTAL INFORMATION:

       Interest paid                                                              $      --        $      --        $      --
                                                                                  ===========      ===========      ===========
       Income taxes paid                                                          $      --        $      --        $      --
                                                                                  ===========      ===========      ===========
NON-CASH TRANSACTIONS:
       Note issued for purchase of property, equipment and operating expenses     $      --        $      --        $     3,635
       Note issued for pending patent to related party                            $      --        $      --        $    33,330
       Reimbursement due for purchase of equipment                                $      --        $      --        $     1,847
       Stock options issued for consulting fees                                   $      --        $      --        $   552,000
       Stockholder's contribution for equipment                                   $      --        $      --        $     1,847
</TABLE>

       See accountant's review report and notes to financial statements.

                                       6

<PAGE>

                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2000



NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Envirokare Tech,  Inc.,  (hereinafter  "the Company"),  was incorporated in June
1998  under the laws of the State of  Nevada.  In  December  1998,  the  Company
acquired the property,  assets and undertakings of a business  manufacturing and
developing a rubber mold technology and patent rights potentially  applicable to
future  development  of a pallet  made of  recycled  materials.  The  Company is
currently  developing  marketing and manufacturing  plans for the products under
development. The Company maintains an office in Las Vegas, Nevada.

The  Company  is in the  development  stage,  and as of March  31,  2000 had not
realized any significant revenues from its planned operations.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of  significant  accounting  policies of Envirokare  Tech,  Inc. is
presented to assist in understanding  the Company's  financial  statements.  The
financial  statements and notes are representations of the Company's  management
which is  responsible  for their  integrity and  objectivity.  These  accounting
policies  conform to  generally  accepted  accounting  principles  and have been
consistently applied in the preparation of the financial statements.

Development Stage Activities

The Company has been in the development  stage since its formation in June 1998.
It is primarily  engaged in the refinement of a  manufacturing  process which is
based on  research  findings  for the  development  of pallets  made of recycled
materials.

Going Concern

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a going concern.

As shown in the accompanying  financial statements,  the Company has incurred an
accumulated  deficit of $1,015,089  which includes a net loss of $87,489 for the
three  months  ended  March 31,  2000 and has a  working  capital  deficit.  The
Company, being a developmental stage enterprise, is currently putting technology
in  place  which  will,  if  successful,  mitigate  these  factors  which  raise
substantial doubt about the Company's ability to continue as a going concern.

The  financial  statements  do  not  include  any  adjustments  relating  to the
recoverability  and  classification  of  recorded  assets,  or the  amounts  and
classification  of liabilities  that might be necessary in the event the Company
cannot continue in existence.

                                       7

<PAGE>

                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2000

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Going Concern (continued)


The Company has raised equity  capital  through the sale of common and preferred
stock.  Management  has  proceeded  as planned in the ongoing  development  of a
recycled plastic and rubber composite  pallet.  In-depth  analysis of compounds,
extrusion method and equipment  modifications have been studied and refined,  as
have initial  prototypes.  During the year ended  December 31, 1999, the Company
contracted  with   Thermoplastic   Composite   Designs  Inc.  and  Thermoplastic
Flowforming Technologies Corp. for professional and technical services. Finished
product should be available for  distribution to potential  customers for in-use
evaluation during the second quarter of year 2000.


Accounting Method

The Company's  financial  statements  are prepared  using the accrual  method of
accounting.

Loss Per share

Loss per share was  computed by dividing  the net loss by the  weighted  average
number of shares  outstanding  during the period. The weighted average number of
shares was calculated by taking the number of shares  outstanding  and weighting
them by the amount of time that they were outstanding.  Basic and diluted shares
outstanding are the same, as the inclusion of common stock  equivalents would be
anti-dilutive.

Cash and Cash Equivalents

For  purposes  of the  Statement  of  Cash  Flows,  the  Company  considers  all
short-term debt securities  purchased with a maturity of three months or less to
be cash equivalents.

Provision for Taxes

At March 31, 2000 and December 31, 1999, the Company had net operating losses of
approximately $87,489 and $927,600,  respectively. No provision for taxes or tax
benefit  has  been  reported  in the  financial  statements,  as  there is not a
measurable means of assessing future profits or losses.

Use of Estimates

The process of preparing  financial  statements  in  conformity  with  generally
accepted  accounting  principles  requires the use of estimates and  assumptions
regarding certain types of assets,  liabilities,  revenues,  and expenses.  Such
estimates  primarily relate to unsettled  transactions and events as of the date
of the financial statements.  Accordingly,  upon settlement,  actual results may
differ from estimated amounts.

Reclassification


The  reclassification  in the  financial  statements  have  resulted  in certain
changes in presentation  which have no effect on the net losses or shareholders'
equity for March 31, 2000 and December 31, 1999, or the periods then ended.


                                       8

<PAGE>

                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2000

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Impaired Asset Policy

In March 1995,  the  Financial  Accounting  Standards  Board  issued a statement
titled "Accounting for Impairment of Long-lived  Assets." In complying with this
standard,  the Company will review its long-lived  assets quarterly to determine
if any events or changes in  circumstances  have transpired  which indicate that
the carrying  value of its assets may not be  recoverable.  The Company does not
believe any  adjustments are needed to the carrying value of its assets at March
31, 2000.

Year 2000 Issues

Like other companies,  Envirokare Tech, Inc. could be adversely  affected if the
computer  systems the Company,  its  suppliers or customers  use do not properly
process  and  calculate  date-related  information  and  data  from  the  period
surrounding  and including  January 1, 2000. This is commonly known as the "Year
2000"  issue.  Additionally,  this issue could impact  non-computer  systems and
devices such as  production  equipment  and  elevators,  etc. At this time,  the
Company  does not have any  evidence of problems  associated  with the year 2000
issue.

Interim Financial Statements

The interim financial  statements as of and for the three months ended March 31,
2000 included  herein have been prepared for the Company,  without  audit.  They
reflect all  adjustments  which are, in the opinion of management,  necessary to
present fairly the results of operations for these periods. All such adjustments
are normal  recurring  adjustments.  The results of  operations  for the periods
presented are not  necessarily  indicative of the results to be expected for the
full fiscal year.

NOTE 3 - PROPERTY AND EQUIPMENT

Property and equipment are stated at cost.  Depreciation  is provided  using the
straight line method over the estimated  useful lives of the assets.  The useful
lives of property,  plant and equipment  for purposes of computing  depreciation
are five and seven years. The following is a summary of property,  equipment and
accumulated depreciation.

                                             March 31,   December 31,
                                               2000          1999
                                             ---------   ------------
          Furniture and Fixtures              $1,893       $1,593
          Less Accumulated Depreciation          348          269
                                              ------       ------
          Net Furniture & Fixtures            $1,545       $1,324
                                              ======       ======

          Office Equipment                    $6,661       $6,661
          Less Accumulated Depreciation        1,441        1,116
                                              ------       ------
          Net Office Equipment                $5,220       $5,545
                                              ======       ======

                                       9

<PAGE>


                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2000

NOTE 4 - INTANGIBLE ASSETS

In December 1998, the Company acquired technology rights from Real Morel and his
affiliated companies of International Pallet Control Systems Inc. and The Pallet
Company.  The  Company is  currently  investigating  the patent  process on this
technology.  During the year ended December 31, 1999, attorney fees of $609 were
added to patent cost. The amortization of patent costs will begin when the final
patents are  granted.  If the Company  does not obtain the patent,  the costs of
acquiring the patent rights from its originator will be charged to operations.

NOTE 5 - DETAILS OF SHORT-TERM DEBT

Reimbursement  due, in the amount of $1,847,  are monies owing  Timothy Zuch for
gift  certificates  provided to the Company in fiscal year ending  December  31,
1998,  which were deducted from the purchase price of computer  equipment.  This
debt was  forgiven  during the year  ending  December  31,  1999 and  applied to
additional paid in capital.

Refunds of $12,200 were due to potential  investors from the stock  subscription
offering.  The potential investors did not meet the accredited investor criteria
that was a prerequisite for inclusion in the offering.  The refunds were paid in
February 2000.

Short-term  notes  payable at March 31, 2000 and  December  31, 1999  consist of
unsecured  notes bearing 10% interest and are dated between  August 18, 1998 and
December 16, 1998. The short-term notes are payable to Real Morel and are due on
demand. The principal amount on the notes is $63,965.  Interest expense recorded
on the notes  payable at March 31,  2000 and  December  31,  1999 was $1,551 and
$6,239, respectively.

NOTE 6 - COMMON STOCK


Upon  incorporation,  10,000,000  shares of common  stock were sold at $.001 per
share, under Regulation D, Rule 504. At December 31, 1998, the stock was held by
30 shareholders, none of whom held in excess of ten percent of the stock.


On February 22, 1999, the Board of Directors  authorized a 2-for-1 reverse stock
split of the Company's  $.001 par value common stock. As a result of the reverse
split,  5,000,000  shares were  cancelled  and  additional  paid-in  capital was
increased by $5,000. All references in the accompanying  financial statements to
the number of common  shares and  per-share  amounts  for 1998 were  restated to
reflect the reverse stock split.

During the year ending  December 31,  1999,  common stock shares of 373,070 were
issued for cash.  At December  31, 1999 the balance of stock  subscriptions  was
$105,000. Stock subscriptions were paid, and stock issued February 16, 2000, for
these common stock shares.

                                       10

<PAGE>

                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2000

NOTE 6 - COMMON STOCK (Continued)

During the month of February 2000, common stock shares of 343,338 were issued at
$0.75 per share.  A common stock split,  two for one,  took place for holders of
record  as of  March 1,  2000.  All  references  in the  accompanying  financial
statements  to the number of common  shares and per share  amounts for the first
three  months  ended March 31, 2000 and year ended  December  31, 1999 have been
restated to reflect the stock split.

NOTE 7 - PREFERRED STOCK


During the year ended December 31, 1999,  preferred stock shares of 500,000 were
issued for $250,000 cash. The preferred  stock has no rights for dividends,  but
is  convertible  to common  stock at the rate of ten  shares of common  for each
preferred  share.  This conversion  feature was modified to twenty to one by the
subsequent stock split effective March 1, 2000.


NOTE 8 - STOCK OPTIONS


In September  1999,  the Company  adopted the 1999 Stock Plan,  a  non-qualified
plan. The plan was registered with the Securities and Exchange  Commission.  The
1999 Stock Plan  authorizes  2,000,000  stock options.  The purposes of the 1999
Stock  Plan  are to  attract,  retain  and  motivate  employees,  directors  and
consultants of the Company. In accordance with Statement on Financial Accounting
Standard No. 123, the fair value of the options granted were estimated using the
Black-Scholes Option Price Calculation.  The following  assumptions were made to
value the stock  options:  risk-free  interest  rate at 5%,  expected life at 10
years, and management's  expected volatility at 30%. For the year ended December
31, 1999, the company recorded $552,000 ($.48 per option) in consulting fees for
the value of the options based upon these Black Scholes assumptions. These stock
options will expire September 29, 2009. (See Note 9).


                                              Fixed Plan
                                       Number of   Weighted Average
                                        Shares      Exercise Price

Outstanding at December 31, 1998            --           --
Granted                                1,150,000     $   1.15
                                       ---------     --------
Outstanding at December 31, 1999       1,150,000     $   1.15
Granted                                     --           --
                                       ---------     --------
Outstanding at March 31, 2000          1,150,000     $   1.15
                                       =========     ========

Options Exercisable March 31, 2000       287,500     $   1.15
                                       =========     ========

Common stock when issued for the above  options  will have  certain  contractual
restrictions  upon  subsequent  sale.  All holders  cannot sell more than 25% of
their granted  amounts per year held,  nor exceed total annual sales of $100,000
per year.

                                       11

<PAGE>

                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2000

NOTE 9 - RELATED PARTIES

Jeannie M. Runnalls, who was appointed President, Secretary, and director of the
Company on January 24, 2000, received $15,170 in cash for consulting fees during
the first three months of 2000.


Jeannie M. Runnalls, who serves as a director,  received cash in consulting fees
during the year ended December 31, 1999 of $22,715.

Stock  options of 1,150,000  were issued for common stock shares during the year
ended December 31, 1999. Of these stock options,  500,000 were issued to related
parties. (See Note 8).


Madelyn  Thomas,  who received  $10,000 in consulting fees under the terms of an
ongoing  contract  as of  December  31,  1998 and an  additional  $20,000  as of
December 31, 1999, is the wife of the past president of the Company,  Charles W.
Thomas. On June 1, 1999,  Madelyn Thomas served the company thirty-day notice to
terminate her consulting contract to be effective at month's end.

NOTE 10 - COMMITMENTS AND CONTINGENCIES


The Company  entered into  consulting  contracts with Susan Westfall and Madelyn
Thomas on November 1, 1998 for the purpose of establishing  corporate offices on
behalf of the Company.  The terms of Ms. Westfall's  contract specified that she
would  receive  $2,500 per month for the term of the contract,  which  commenced
November  1, 1998 and  terminated  April 30,  1999.  The terms of Mrs.  Thomas's
contract  specified  that she would receive $5,000 per month for the term of the
contract,  which  commenced  November 1, 1998 and terminated June 30, 1999. Both
contracts  provided  for  indemnification  against  any  and all  liability  and
provided for reimbursement of expenses up to a specified amount.


On April 1, 1999,  the Company  entered into a lease for office space in British
Columbia  for the  period of twelve  months  beginning  April 1,  1999.  Monthly
payments  for the  initial  year of the  lease  were $800(CDN)  per  month,  not
including  utilities.  This  lease was  cancelled  as of July 31,  1999  without
penalty.

The Company  entered  into a lease for office  space in Nevada for the period of
thirty-six  months beginning  October 1, 1998.  Monthly payments for the initial
year of the lease are $730 per month, including $40 for utilities. In compliance
with the terms of the lease,  the Company  has  purchased  comprehensive  public
liability  insurance.  Future annual  minimum lease payments for the term of the
lease are as follows for the years ending December 31:

          2000                                 $6,957
          2001                                 $7,200

                                       12

<PAGE>

                              ENVIROKARE TECH, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2000

NOTE 10 - COMMITMENTS AND CONTINGENCIES (Continued)

In  November  1999  the  Company  entered  into a  contract  with  Thermoplastic
Composite Designs (TCD), Inc. and Thermoplastic  Flowforming  Technologies Corp.
(TPF) for  professional  and technical  services.  These  services  included the
design and material specs, mold fabrication, prototype and demo units. The total
contract amount is $133,800. During the year ended December 31, 1999, the amount
paid was  $50,800  leaving a balance  owing of  $83,000.  On January  24, 2000 a
payment of $35,000 was made. An additional  payment of $35,000 was made on March
15, 2000. The Company recorded  $70,000 of these research and development  costs
to prepaid expenses as of December 31, 1999. This amount represents the value of
the molds derived from this contract,  which may become depreciable  property if
no  further  development  is  necessary.  Upon  execution  of a  TPF  Technology
Licensing Agreement, the Company will receive a credit of $61,600;  representing
46% of the  payments  made to TCD under the  development  contract,  toward  the
license fee payable to TPF Technologies.



                                       13

<PAGE>

                                    SIGNATURE

     In accordance with the requirements of the Exchange Act, the Registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Henderson, Nevada, on May 19, 2000.


                                        ENVIROKARE TECH, INC.
                                        Registrant

                                        By: /s/ JEANNIE M. RUNNALLS
                                            ------------------------------------
                                            Name:  Jeannie M. Runnalls
                                            Title: President and Director
                                                   (Principal Executive Officer
                                                   and Principal Financial and
                                                   Accounting Officer)

                                       14