SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB


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


For Quarter Ended                                      Commission File Number
January 31 2001                                             0-29670

                             DYNADAPT SYSTEMS, INC.
                         -------------------------------
                              (Name of Registrant)

                  Colorado                             84-1491159
         ------------------------                    --------------------
         (State of incorporation)                    (I.R.S. Employer
                                                     Identification No.)


             7609 Ralston Road, Arvada, CO               80002
         -------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (303) 422-7674


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          No    X
                                -----        -----

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

                  485,000 common shares as of January 31, 2001


<PAGE>

                              DYNADAPT SYSTEM, INC.
                          (A Development Stage Company)
                              FINANCIAL STATEMENTS
                    FOR THE NINE-MONTHS ENDED JANUARY 31, 2001
                                   (UNAUDITED)



<PAGE>
<TABLE>
<CAPTION>

                             DYNADAPT SYSTEM, INC.
                         (A Development Stage Company)
                                 Balance Sheet
                                  (Unaudited)


<S>                                                                        <C>                   <C>




                                                                            January 31            April 30,
                                                                               2001                  2000
                                                                           --------------        -------------

ASSETS;
   Current Assets:
      Cash                                                                     $ 135                 $ 628
      Accounts receivable                                                          -                     4
                                                                           --------------        -------------

           Total current assets                                                  135                   632
                                                                           --------------        -------------

TOTAL ASSETS                                                                   $ 135                 $ 632
                                                                           ==============        =============


LIABILITIES & STOCKHOLDERS' EQUITY
  Current Liabilities
        Notes Payable - Shareholders                                           1,400                   800
                                                                           --------------        -------------

            Total current liabilities                                          1,400                   800

   Stockholders Equity
      Common Stock, $.0001 par value, 100,000,000
        shares authorized, 485,000 shares issued and                              48                    48
        outstanding in 1999 and 2000
    Additional Paid-In Capital                                                23,506                23,506
    Deficit accumulated during the
      development stage                                                      (24,819)              (23,722)
                                                                           --------------        -------------

           Total stockholders equity                                          (1,265)                 (168)
                                                                           --------------        -------------

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                                       $ 135                 $ 632
                                                                           ==============        =============

</TABLE>

 See accountant's review report.



<PAGE>
<TABLE>
<CAPTION>


                             DYNADAPT SYSTEMS, INC.
                          (A Development Stage Company)
                             Statement of Operations
                                   (Unaudited)
                                                                                                                   April 30,
                                              Three-Month Period Ended           Nine-Month Period Ended        (Inception) to
                                                     January 31,                       January 31,                January 31,
                                                2001             2000             2001             2000             2001
                                                ----             ----             ----             ----             ----
<S>                                             <C>              <C>             <C>           <C>              <C>

Revenue:
                                                     $ -              $ -          $ -              $ -              $ -
                                                --------         --------        ------            ------
Total Income                                           -                -            -                -                -

Costs and Expenses:
     Consulting                                      400            2,460          900            5,120            18,630
     Accounting                                        -              750            -              750             5,750
     Office Expenses                                   -               17            -               36               143
     Bank Charges                                     67               50          207               70               453
                                                --------         --------        ------            ------       ---------
Total Expenses                                       467            3,277        1,107            5,976            24,976

Net Loss from Operations                            (467)          (3,277)      (1,107)          (5,976)          (24,976)
                                                --------         --------        ------            ------       ---------
Other Income
   Interest income                                     2                6           10               26               157
                                                --------         --------        ------            ------       ---------
Net Loss                                          $ (465)        $ (3,271)    $ (1,097)        $ (5,950)        $ (24,819)
                                                ========         ========        ======            ======       =========
Net Loss per common share                          *                *                *                *
                                                ========         ========        ======            ======
     Weighted average number
     of common shares outstanding                485,500          390,800      485,500          390,800
                                                ========         ========        ======            ======
* Less than $.01

</TABLE>
See accountant's review report.

<PAGE>
<TABLE>
<CAPTION>
                             DYNADAPT SYSTEMS, INC.
                         (A Development Stage Company)
                             Statement of Cash Flow
                                  (Unaudited)
                                Indirect Method
                                                                                                            April 30, 1998
                                                                                Nine-Month Period Ended      Inception to
                                                                                     January 31,              January 31,
                                                                               2001            2000              2001
                                                                               ----            ----              ----
<S>                                                                          <C>             <C>                 <C>

Cash Flows from Operating Activities:

     Net Loss                                                                $ (1,097)       $ (5,950)           $ (24,819)
     Stocks issued for services                                                     -              25                   25
     Adjustments to reconcile net loss to net cash used
        by operating activities

     Accounts Receivable                                                            4               -                    -
     Increase in Notes Payable                                                    600               -                1,400
                                                                                -----        --------            ---------
Net Cash Used in Operating Activities                                            (493)         (5,925)             (23,394)

Cash Flows from Financing Activities:
     Proceeds from stock issuance                                                   -               -               23,529
Net Cash Provided by Finacing Activities                                            -               -               23,529

Increase (Decrease) in Cash & Cash Equivalents                                    493)         (5,925)                 135

Beginning Cash & Cash Equivalents                                                 628           9,588                    -
                                                                                -----        --------            ---------
Ending Cash & Cash Equivalents                                               $    135         $ 3,663                $ 135
                                                                                =====        ========            =========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

   Cash paid for income taxes                                                $      -               -                $   -
                                                                                =====        ========            =========
   Cash paid for interest expense                                            $     10         $    10                $  20
                                                                                =====        ========            =========

SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS
 Issued 250,000 share of common stock for services rendered                         -               -                   25
                                                                                -----        --------            ---------
</TABLE>

 See accountant's review report.

<PAGE>
<TABLE>
<CAPTION>
                             DYNADAPT SYSTEMS, INC.
                         (A Development Stage Company)
                              Stochholders' Equity
                                  (Unaudited)


                                                                                             Deficit
                                                                                              Accumulated
                                               COMMON STOCKS              Additional        During the           Total
                                                                           Paid-In           Development    Stockholders'
                                          Shares           Amount           Capital           Stage              Equity
                                          ------           ------           -------           -----              ------
<S>                                         <C>                 <C>          <C>              <C>                  <C>


Issuance of Stock for Services              250,000               25                -                 -                  25

Issuance for Cash                           233,000               23           23,277                 -              23,300

Issuance for Cash                             2,500                -              229                 -                 229

Net Loss                                          -                -                -            (8,016)             (8,016)
                                            -------             ----         --------         ---------             -------
Balance April 30, 1999                      485,500               48           23,506            (8,016)             15,538
                                            -------             ----         --------         ---------             -------
Net Loss                                          -                -                -           (15,706)            (15,706)
                                            -------             ----         --------         ---------             -------
Balance - April 30, 2000                    485,500               48           23,506           (23,722)               (168)
                                            -------             ----         --------         ---------
Net Loss                                          -                -                -            (1,097)             (1,097)
                                            -------             ----         --------         ---------
Balance-  January 31, 2001                  485,500             $ 48         $ 23,506          $(24,819)           $ (1,265)
                                            =======             ====         ========         =========
</TABLE>

See accountant's review report.

<PAGE>




                              DYNADAPT SYSTEM, INC.
                          (A Development Stage Company)
                          Notes to Financial Statements
                                  July 31, 2000
                                   (Unaudited)




Note 1 - Organization and Summary of Significant Accounting Policies:
         -----------------------------------------------------------
Organization:

The Company was incorporated on April 30, 1998, in the state of Colorado. The
Company is in the development stages and was organized for the purpose of
Internet Acquisitions. The Company's fiscal year end is April 30.

Basis of Presentation - Development Stage Company:

The Company has not earned significant revenues from limited principal
operations. Accordingly, the Company's activities have been accounted for as
those of a "Development Stage Enterprise" as set forth in Financial Accounting
Standards Board Statement No. 7 ("SFAS 7"). Among the disclosures required by
SFAS 7 are that the Company's financial statements be identified as those of a
development stage company, and that the statements of operations, stockholders'
equity (deficit) and cash flows disclose activity since the date of the
Company's inception.

Basis of Accounting:

The accompanying financial statements have been prepared on the accrual basis of
accounting in accordance with generally accepted accounting principles.

Cash and Cash Equivalents:

The Company considers all highly-liquid debt instruments, with an original
maturity of three months, to be cash equivalents.

Use of estimates:

The preparation of financial statements in conformity with generally accepted
accounting principles, requires management to make estimates and assumptions
that affect certain reported amounts of assets and liabilities at the date of
the financial statements. Actual results could differ from those estimates.

Net Loss Per Share

Net loss per share is based on the weighted average number of common shares and
common shares equivalents outstanding during the period.



<PAGE>





                              DYNADAPT SYSTEM, INC.
                          (A Development Stage Company)
                          Notes to Financial Statements
                                  July 31, 2000
                                   (Unaudited)




Fair Value of Financial Instruments:

The carrying amount of cash is considered to be representative of it's fair
values because of the short-term nature of this financial instrument.

Note 2 - Federal Income Taxes:
         --------------------
The Company has made no provision for income taxes because there have been no
operations to date causing income for financial statement or tax purposes.

The Financial Accounting Standards Board (FASB) has issued Statement of
Financial Accounting Standards Number 109 ("SFAS 109"), "Accounting for Income
Taxes", which requires a change from the deferred method to the asset and
liability method of accounting for income taxes. Under the asset and liability
method, deferred income taxes are recognized for the tax consequences of
"temporary differences" by applying enacted statutory tax rates applicable to
future years to differences between the financial statement carrying amounts and
the tax basis of existing assets and liabilities.

Deferred tax assets:
         Net operating loss carryforwards                     $ 24,289
         Valuation allowance                                   (24,289)
                                                              ---------
         Net deferred tax assets                              $       -
                                                              =============

At April 30, 2000, the Company had net operating loss carryforwards of
approximately $24,289 for federal income tax purposes. These carryforwards if
not utilized to offset taxable income will expire in 2007.

Note 3 - Capital Stock Transactions:
         --------------------------
The authorized capital stock of the Company is 100,000,000 shares of common
stock at $.0001 par value. During the period, the Company issued no shares of
common stock.

Note 4 - Going Concern:
         -------------
The Company's financial statements have been presented on the basis that it is a
going concern which contemplated the realization of assets and the satisfaction
of liabilities in the normal course of business.

The Company is in the development stage and has not earned any revenues from
operations. The Company's ability to continue as a going concern is dependent
upon its ability to develop additional sources of capital or locate a merger
candidate and ultimately, achieve profitable operations. The accompanying
financial statements do not include any adjustments that might result from the
outcome of these uncertainties. Management is seeking new capital to revitalize
the Company.


<PAGE>


                              DYNADAPT SYSTEM, INC.
                          (A Development Stage Company)
                          Notes to Financial Statements
                                  July 31, 2000
                                   (Unaudited)




Note 5 - Notes Payable:
         -------------
This is a non-interest bearing note for funds advanced by a shareholder to
facilitate the payment of debts.


<PAGE>

Item 2.

Results of Operations for quarter ended January 31, 2001 compared to same period
in prior year.
--------------------------------------------------------------------------------

     The Company had no revenues  during the quarter  ended  January 31, 2001 or
2000. The Company incurred expenses in the quarter of $467 in 2001 and $3,277 in
2000.  The net loss for the quarter was ($465) in 2001 and ($3,271) in 2000. The
loss per share was nominal in the quarter in 2001 and 2000.

Results of Operation for the Nine Months period ended January 31, 2001 compared
to same period ended January 31, 2000.
--------------------------------------------------------------------------------

     The Company had no revenues  during the nine month period ended January 31,
2001 nor in the same period ended January 31, 2000.  The Company had expenses of
$1,107 in the nine month period ended January 31, 2001 and $5,976 in expense for
same period in the prior  year.  The net loss for the period  ended  January 31,
2001 was  ($1,097)  compared to ($5,950) in the same period  ending  January 31,
2000.  The net loss per share in the  period was  nominal in 2001 and 2000.  The
trend of operating  losses will continue until a profitable  business  operation
can be acheived for which there is no assurance.


Liquidity and Capital Resources
-------------------------------

     The Company had miminal cash on hand at the end of the period.  The Company
will need to obtain loans from sharholders or make private  placements of shares
in order to fund any operations whatsoever. The Company has no committed capital
sources at the date of this report for loans or equity placements.

<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

                    No  reports  on Form 8-K were made for the  period for which
               this report is filed.



<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.

Date: June , 2001



                                     Dynadapt Systems, Inc.


                                     /s/ Wesley F. Whiting
                                     -------------------------------------------
                                     Wesley F. Whiting, President