SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   Form 10-QSB

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

                         For Quarter ended May 31, 2002

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

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

                           Commission File No 0-49669
                                              -------

                                  JONING CORP.
         ---------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

            Nevada                                             88-0376372
 ------------------------------                          ----------------------
(State or other jurisdiction of                         (IRS Employer ID Number)
 incorporation or organization)

                    2311 Bear Hills Court, Draper, Utah 84020
                     --------------------------------------
                    (Address of principal executive offices)

                                 (801) 553-2150
                            -------------------------
                            Issuer's Telephone Number


               ---------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)

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 SUCH FILING
REQUIREMENTS FOR THE PAST 90 DAYS.
                           Yes                 No  X
                              -----              -----

As of May 31, 2002, the issuer had 10,144,800 shares of common stock, par value
$.001 per share issued and outstanding.

<PAGE>


                         PART I - Financial Information

Item 1. Financial Statements

The unaudited financial statements of registrant for the three months ended May
31, 2002 follow. The financial statements reflect all adjustments which are, in
the opinion of management, necessary to a fair statement of the results for the
interim period presented.



<PAGE>



                                TABLE OF CONTENTS







                                                                        Page No.


FINANCIAL STATEMENTS

             Balance sheets............................................... F-3

             Statement of Operations...................................... F-4

             Statement of Changes in Stockholders' Equity................. F-5

             Statement of Cash Flows...................................... F-6

             Notes to Financial Statements................................ F-7


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


                                      F-2

<PAGE>


                                  JONING CORP.

                                 Balance Sheets


                                     ASSETS
                                     ------

                                                         May 31,    November 30,
                                                          2002          2001
                                                        --------      --------

Current assets:

  Cash                                                  $   --        $   --
                                                        --------      --------

Property and equipment, net                                 --            --
                                                        --------      --------
Other assets:
   Organization costs, net                                  --            --
   Investment, related party                                --            --
                                                        --------      --------
                                                            --            --
                                                        --------      --------
                                                        $   --        $   --
                                                        ========      ========


                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

Current liabilities:
   Due to an officer/stockholder                        $   --        $   --
                                                        --------      --------

Stockholders' equity:
  Common stock; $.001 par value; authorized -
      25,000,000 shares; issued and outstanding -
      10,144,800 shares                                   10,145        10,145
   Additional paid-in capital                             22,787        22,787
   Accumulated deficit                                   (32,932)      (32,932)
                                                        --------      --------
        Total stockholders' equity                          --           --
                                                        --------      --------

                                                        $   --        $  --
                                                        ========      ========


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

                                      F-3

<PAGE>


                                  JONING CORP.

                             Statement of Operations
                     For the Three Months Ended May 31, 2002



Commission revenues                                                $        --

Commission expense                                                          --
                                                                   -------------

Net revenues                                                                --
                                                                   -------------

Costs and expenses:
   Depreciation                                                             --

   Amortization                                                             --

   Impairment of investment in related party                                --

   General and administrative                                               --
                                                                   -------------
                                                                            --
                                                                   -------------

Net income (loss)                                                  $        --
                                                                   =============


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

                                       F-4

<PAGE>


                                  JONING CORP.

                  Statement of Changes in Stockholders' Equity
                     For the Three Months Ended May 31, 2002



                                   Common Stock        Additional
                             -----------------------    Paid-in     Accumulated
                               Shares       Amount      Capital       Deficit
                             ----------   ----------   ----------   ----------

Balances, November 30, 2001  10,144,800   $   10,145   $   22,787   $  (32,932)

     Net income (loss)             --           --           --           --
                             ----------   ----------   ----------   ----------
Balances, May 31, 2002       10,144,800   $   10,145   $   22,787   $  (32,932)
                             ==========   ==========   ==========   ==========


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

                                      F-5

<PAGE>


                                  JONING CORP.

                             Statement of Cash Flows
                     For the Three Months Ended May 31, 2002



Cash flows from operating activities:
   Net income (loss)                                                    $   --
   Adjustments to reconcile net income to net
      cash provided by operating activities:
      Depreciation                                                          --
Changes in assets and liabilities                                           --
                                                                        --------
                                                                        --------
 Net cash provided by operating activities                                  --
                                                                        --------


Cash flows from investing activities                                        --
                                                                        --------

Cash flows from financing activities                                        --
                                                                        --------

Net increase (decrease) in cash                                             --
                                                                        --------
Cash - beginning                                                            --
                                                                        --------

Cash - ending                                                           $   --
                                                                        ========


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

                                      F-6

<PAGE>


Note 1 - Summary of Significant Accounting Policies

Description of Business
-----------------------

The financial statements presented are those of Joning Corp., (the "Company").
The Company was incorporated under the laws of the State of Nevada on October 9,
1997. On March 29, 2000, the Company amended its articles of incorporation and
changed the name of the Company to Joning Corp. The Company was in the business
of providing consulting services, primarily in the area of reverse mergers
between public shell corporations and private companies that desire to gain
access to public trading markets through merger or other reorganization with a
public shell corporation.

On July 27, 2000, pursuant to concerns expressed by the Securities and Exchange
Commission over the reverse merger activities of the Company, management ceased
its business activities and transferred all assets and liabilities of the
Company to its principal shareholder, Kading Companies, S.A. The Company has
indicated its intention to participate in a merger transaction with an operating
company, which management will select after reviewing the business opportunities
for their profit or growth potential.

Use of Estimates in the Preparation of Financial Statements
-----------------------------------------------------------

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reporting amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the period. Actual results
could differ from those estimates.

Income Taxes
------------

There is no provision for income taxes since the Company has incurred net
operating losses. At May 31, 2002, the Company has net operating loss
carryforwards of $32,932 which may be available to offset future taxable income
through 2021. A deferred tax asset has not been recorded for the net operating
loss carryforwards due to uncertainties as to the ultimate realization of the
deferred tax asset.

Note 2 - Stockholders' Equity

Common Stock
------------

On October 9, 1997, the Company issued 10,000,000 shares of common stock,
5,000,000 shares to the President of the Company for start-up expenses incurred,
and 5,000,000 shares to Kading Companies, S.A. (the Company's parent) for
organization costs and services. These common shares were valued at $.001 per
share. On April 15, 1998, the Company sold 144,800 shares of common stock to
individual investors at a price of $.10 per share. During the year ended August
31, 2001 additional capital contributions of $10,469 were made by Kading
Companies, S.A. to cover administrative expenses.

Dividends may be paid on outstanding shares as declared by the Board of
Directors. Each share of common stock is entitled to one vote.

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

                                      F-7

<PAGE>


Note 3 - Related Party Transactions

The Company does not lease or rent any property. Office services are provided
without charge by an officer/shareholder. Such costs are immaterial to the
financial statements and, accordingly, have not been reflected therein. The
officers and directors of the Company are involved in other business activities
and may, in the future, become involved in other business opportunities. If a
specific business opportunity becomes available, such persons may face a
conflict in selecting between the Company and their business interests. The
Company has not formulated a policy for the resolution of such conflicts.

Note 4 - Going Concern

The Company's financial statements have been prepared in conformity with
principles of accounting applicable to a going concern. These principles
contemplate the realization of assets and liquidation of liabilities in the
normal course of business. As shown in the financial statements, the Company has
incurred an accumulated deficit of $32,932. The Company's continued existence is
dependent on its ability to generate sufficient cash flow or raise additional
capital to meet its obligations on a timely basis. The Company has been
exploring sources to obtain additional equity or debt financing. Without
realization of additional capital, it would be unlikely for the Company to
continue as a going concern. Accordingly, the Company's continuation as a going
concern is in substantial doubt and the financial statements do not include any
adjustments that might be necessary should the Company be unable to continue in
existence.


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

                                      F-8

<PAGE>


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

     The Company is considered a development stage company with limited assets
or capital, and with limited operations or income since July, 2000. It is
anticipated that the Company will require only nominal capital to maintain the
corporate viability of the Company and any additional needed funds will most
likely be provided by the Company's existing shareholders or its officers and
directors in the immediate future. Current shareholders have not agreed upon the
terms and conditions of future financing and such undertaking will be subject to
future negotiations. Repayment of any such funding will also be subject to such
negotiations. However, unless the Company is able to facilitate an acquisition
of or merger with an operating business or is able to obtain significant outside
financing, there is substantial doubt about its ability to continue as a going
concern.

     In the opinion of management, inflation has not and will not have a
material effect on the operations of the Company until such time as the Company
successfully completes an acquisition or merger. At that time, management will
evaluate the possible effects of inflation on the Company as it relates to its
business and operations following a successful acquisition or merger.

     Management plans may but do not currently provide for experts to secure a
successful acquisition or merger partner so that it will be able to continue as
a going concern. In the event such efforts are unsuccessful, existing
shareholders have expressed an interest in additional funding if necessary to
continue the Company as a going concern, and to provide funding for required
future filings under the Securities Exchange Act of 1934.

Plan of Operation

     During the next twelve months, the Company will actively seek out and
investigate possible business opportunities with the intent to acquire or merge
with one or more business ventures. Because the Company has limited funds, it
may be necessary for the officers and directors to either advance funds to the
Company or to accrue expenses until such time as a successful business
consolidation can be made. The Company will not make it a condition that the
target company must repay funds advanced by its officers and directors.
Management intends to hold expenses to a minimum and to obtain services on a
contingency basis when possible. Further, the Company's directors will defer any
compensation until such time as an acquisition or merger can be accomplished.
However, if the Company engages outside advisors or consultants in its search

                                       -2-

<PAGE>


for business opportunities, it may be necessary for the Company to attempt to
raise additional funds. As of the date hereof, the Company has not made any
arrangements or definitive agreements to use outside advisors or consultants or
to raise any capital. In the event the Company does need to raise capital, most
likely the only method available to the Company would be private sales of its
securities. Because of the nature of the Company as a development stage company,
it is unlikely that it could make a public sale of securities or be able to
borrow any significant sum from either a commercial or private lender. There can
be no assurance that the Company will be able to obtain additional funding when
and if needed, or that such funding, if available, can be obtained on terms
acceptable to the Company.

     The Company does not intend to use any employees, with the possible
exception of part-time clerical assistance on an as-needed basis. Outside
advisors or consultants will be used only if they can be obtained for minimal
cost or on a deferred payment basis. Management is convinced that it will be
able to operate in this manner and to continue its search for business
opportunities during the next twelve months.

Forward-Looking Statements

     This Form 10-QSB includes "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other than
statements of historical facts, included or incorporated by reference in this
Form 10-QSB which address activities, events or developments which the Company
expects or anticipates, will or may occur in the future, including such things
as future capital expenditures (including the amount and nature thereof),
finding suitable merger or acquisition candidates, expansion and growth of the
Company's business and operations, and other such matters are forward-looking
statements. These statements are based on certain assumptions and analysis made
by the Company in light of its experience and its perception of historical
trends, current conditions and expected future developments as well as other
factors it believes are appropriate in the circumstances. However, whether
actual results or developments will conform with the Company's expectations and
predictions is subject to a number of risks and uncertainties, general economic
market and business conditions; the business opportunities (or lack thereof)
that may be presented to and pursued by the Company; changes in laws or
regulation; and other factors, most of which are beyond the control of the
Company. Consequently, all of the forward-looking statements made in this Form
10-QSB are qualified by these cautionary statements, and there can be no
assurance that the actual results or developments anticipated by the Company
will be realized or, even if substantially realized, that they will have the
expected consequence to or effects on the Company or its business or operations.
The Company assumes no obligations to update any such forward-looking
statements.

                                      -3-

<PAGE>


                                     PART II

Item 6.  Exhibits and reports on Form 8-K

         (a)      The exhibits required to be filed herewith by Item 601 of
                  regulation S-B, as described in the following index of
                  exhibits, are incorporated herein by reference, as follows:

Exhibit No.       Description
-----------       ------------------------------------------------------
3(i)              Articles of Incorporation of Joning Corp. (1)

3(ii)             By-Laws of Joning Corp. (1)

(1) Incorporated by reference from the Form 10-SB filed by the Company on March
    8, 2002.
-----------

         (b)      No reports on Form 8-K were filed by the Company for the
                  quarter ended May 31, 2002.

                                       -4-

<PAGE>


                                   SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) 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.

Dated July 15, 2002

                                            JONING CORP.


                                            By:  /s/  John O.  Jones
                                               -------------------------------
                                                      John O. Jones, President


                                       -5-