SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

               For the quarterly period ended: September 30, 2000
                           Commission File No. 0-19566

                       EARTH SEARCH SCIENCES, INCORPORATED
                       -----------------------------------
             (Exact Name of Registrant as Specified in its Charter)

             Utah                                                87-0437723
(State or other Jurisdiction of                              (IRS Employer ID)
Incorporation or Organization)


                  1729 Montana Highway 35, Kalispell, MT 59901
                  ---------------------------------------------
          (Address of Principal Executive Offices, Including Zip Code)

Registrant's telephone number, including area code:  (406) 751-5200

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  and  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
requirement for the past 90 days. Yes X No

The number of shares  outstanding of each of the registrant's  classes of common
stock,  as of the  close of the  period,  covered  by this  report:  130,134,420
shares. The registrant has only one class of common stock.

<PAGE>




                           EARTH SEARCH SCIENCES, INC.

                                    FORM 10-Q
                                   (Unaudited)

                        QUARTER ENDED SEPTEMBER 30, 2000

                                     PART I

                     FINANCIAL INFORMATIONTABLE OF CONTENTS

Item 1. Consolidated Financial Statements                               Page
                                                                        ----

        Consolidated Balance Sheet
         as of September 30 and March 31, 2000.                           3

        Consolidated Statement of Operations for the Three
         and Six Months Ended September 30, 2000 and 1999.                4

        Consolidated Statement of Cash Flows for the
         Three Months Ended September 30, 2000 and 1999.                  5

        Selected Notes to Consolidated Financial Statements.             6-7

Item 2. Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                        8

                                     PART II

                           OTHER INFORMATION REQUIRED

Item 1. Legal Proceedings                                                 9
Item 2. Changes in Securities                                             9
Item 3. Defaults Upon Senior Securities                                   9
Item 4. Submission of Matters of a Vote of
         Security Holders                                                 9
Item 5. Other information                                                 9
Item 6. Exhibits and Reports on Form 8-K                                  9


<PAGE>

<TABLE>
<CAPTION>
Earth Search Sciences, Inc.
Consolidated Balance Sheet (unaudited)
----------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>             <C>

                                                                                 September 30,     March 31,
                                                                                     2000            2000
                                                                                --------------  --------------
Assets
Current assets:
  Cash                                                                          $    2,602,082  $    6,119,562
  Other current assets, net                                                            584,980         803,682
                                                                                --------------  --------------
Total current assets                                                                 3,187,062       6,923,244

Property and equipment, net                                                         15,027,726      12,608,986
                                                                                --------------  --------------

Total assets                                                                    $   18,214,788  $   19,532,230
                                                                                ==============  ==============

Liabilities and shareholders' equity Current liabilities:
  Notes payable                                                                 $    2,641,012  $    2,687,212
  Accounts payable and accrued expenses                                              6,473,542       6,287,548
  Accrued interest                                                                     604,945         356,962
  Capital lease obligation                                                           3,000,000       3,000,000
  Unearned revenue                                                                     200,000               -
                                                                                --------------  --------------

Total current liabilities                                                           12,919,499      12,331,722

Long-term liabilities:
  Shareholder loans                                                                    459,844         459,844
  Deferred officers' compensation                                                    2,093,738       2,037,846
  Minority interest                                                                  2,163,038       2,017,428
                                                                                --------------  --------------

Total liabilities                                                                   17,636,119      16,846,840
                                                                                --------------  --------------

Redeemable common stock, $.001 par value, 134,160 shares
  issued and outstanding                                                                21,734          21,734
                                                                                --------------  --------------

Nonredeemable shareholders' equity
  Series A preferred stock; 200,000 shares authorized,
  issued and outstanding at June 30 and March 31, 2000, respectively                 1,000,000       1,000,000
  Common stock, $.001 par value; 200,000,000 shares authorized;
  130,000,260 and 126,402,044 shares respectively, issued and outstanding              130,000         126,402
  Additional paid-in capital                                                        23,820,137      22,906,866
  Common stock subscribed                                                                    -         363,000
  Treasury stock                                                                      (200,000)       (200,000)
  Accumulated deficit                                                              (24,193,202)    (21,532,612)
                                                                                --------------  --------------

Total shareholders' equity                                                             556,935       2,663,656
                                                                                --------------  --------------

Total liabilities and shareholders' equity                                      $   18,214,788  $   19,532,230
                                                                                ==============  ==============

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

<PAGE>



<TABLE>
<CAPTION>
Earth Search Sciences, Inc.
Consolidated Statement of Operations (unaudited)
------------------------------------------------------------------------------------------------------------
<S>                                             <C>             <C>             <C>             <C>

                                                      For the Three Months            For the Six Months
                                                       Ended September 30             Ended September 30
                                                      2000          1999            2000           1999
                                                ------------    ------------    ------------    ------------

Revenue                                         $    259,863    $    238,317    $    722,877    $    340,101
Cost of services provided                           (325,898)       (225,353)     (1,307,262)       (299,396)
                                                ------------    ------------    ------------    -------------
Gross margin                                         (66,035)         12,964        (584,385)         40,705

Expenses:
General and administrative                         1,000,672         471,275        1,903,606         846,476
                                                ------------    ------------    -------------   -------------

Loss from operations                              (1,066,707)       (458,311)      (2,487,991)       (805,771)

Interest income                                       28,446               -           77,780               -
Interest expense                                    (258,196)       (267,767)        (393,769)       (469,137)
                                                ------------    ------------    -------------   -------------

Loss before minority interest                     (1,296,457)       (726,078)      (2,803,980)     (1,274,908)

Minority interest in losses of consolidated
subsidiaries                                          71,115               -          143,391               -
                                                ------------    ------------    -------------   -------------

Net loss                                        $ (1,225,342)   $   (726,078)   $  (2,660,589)  $  (1,274,908)
                                                ============    ============    =============   =============

Shares applicable to basic and diluted loss
per shares                                       130,112,623      98,610,500      128,920,483      98,355,500

Basic and diluted loss per share                $     (0.009)   $     (0.007)    $     (0.021)  $      (0.013)


                              The accompanying notes are an integral part of these financials statements

</TABLE>
<PAGE>


<TABLE>
<CAPTION>
Earth Search Sciences, Inc.
Consolidated Statement of Cash Flows (unaudited)
-----------------------------------------------------------------------------------------------------
<S>                                                                     <C>             <C>

                                                                              For the Six Months
                                                                              Ended September 30,
                                                                            2000             1999
                                                                        -------------   -------------
Cash flows from operating activities:
  Net loss                                                              $  (2,660,589)  $  (1,274,908)
  Adjustments to reconcile net loss to net cash used in
operating activities:
  Issuance of common stock for services and interest expense                   53,958         244,297
  Non cash compensation expense                                                 7,312               -
  Loss attributed to minority interest                                       (143,391)              -
  Depreciation                                                                268,957         138,313
  Amortization of lease discount                                                    -         242,484
Changes in assets and liabilities:
  Other current assets                                                        218,702        (269,636)
  Accounts payable and accrued liabilities                                    185,994         200,437
  Accrued liabilities                                                         247,983          25,368
  Unearned revenue                                                            200,000         (40,000)
  Deferred officers' compensation                                              55,892         221,103
                                                                        -------------   -------------

Net cash used in operating activities                                      (1,565,182)       (512,542)
                                                                        -------------   -------------

Cash flows from investing activities:
  Purchases of property and equipment                                      (2,624,212)       (188,000)
                                                                        -------------   -------------

Net cash used in investing activities                                      (2,624,212)       (188,000)
                                                                       --------------   -------------

Cash flows from financing activities:
  Repayment of notes payable                                                  (25,000)       (386,000)
  Proceeds from shareholder loans                                                   -       1,482,192
  Issuance of common stock for cash                                           407,913               -
  Repayment of shareholder loans                                                    -        (443,212)
  Proceeds from subsidiary stock sales                                        289,001               -
                                                                        -------------   -------------

Net cash provided by financing activities                                     671,914         652,980
                                                                        -------------   -------------

Net (decrease) increase in cash                                            (3,517,480)        (47,562)
Cash at beginning of period                                                 6,119,562          47,642
                                                                        -------------   -------------

Cash at end of period                                                   $   2,602,082   $          80
                                                                        =============   =============


                         The accompanying notes are an integral part of these financials statements

</TABLE>
<PAGE>


Earth Search Sciences, Inc.
--------------------------------------------------------------------------------


               SELECTED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                         September 30, 2000 (unaudited)

Note 1 Summary of Operations and Significant Accounting Policies

         The  consolidated  balance  sheet as of  September  30,  2000,  and the
consolidated  statements  of  operations  and cash  flows  for the three and six
months ended  September  30, 2000,  and 1999,  have been prepared by the Company
without audit. In the opinion of management, all adjustments (which include only
normal  recurring  adjustments)  have been made that are  necessary  to  present
fairly the financial position, results of operation, and cash flows at September
30, 2000 and 1999.

         Certain  information  and  footnote  disclosures  normally  included in
financial  statements  prepared in accordance with generally accepted accounting
principals have been condensed or omitted.  These financial statements and notes
thereto should be read in conjunction with the Company's Form 10-K for March 31,
2000. The results of operation for the three and six months ended  September 30,
2000 are not necessarily  indicative of the operating results to be expected for
the full fiscal year.

Going concern

         The Company is experiencing working capital deficiencies because it has
incurred operating losses. The Company has operated with funds received from the
sale of its common stock and the  issuance of notes.  The ability of the Company
to  continue  as a going  concern is  dependent  upon  continued  debt or equity
financings until or unless the Company is able to generate operating revenues to
sustain ongoing operations.  The Company plans to increase the number of revenue
producing services through the use of additional  hyperspectral  instruments and
thereby continue as a going concern.

New accounting pronouncements

         In April 2000,  Financial Accounting Standards Board Interpretation No.
FIN 44, "Accounting for Certain  transactions  involving stock compensation,  an
interpretation of APB opinion No. 25", was issued. FIN 44 clarifies and modifies
APB opinion 25, "Accounting for stock issued to employees." FIN 44 was effective
for the Company in the second quarter of fiscal year 2001. The implementation of
the interpretation did not have a material impact on our financial  condition or
results of operations.

         Statement of Financial  Accounting  Standards No. 133  "Accounting  for
Certain Derivate Instruments and Certain Hedging Activities",  effective for the
Company  during the first  quarter of 2002,  provides  accounting  and reporting
standards for derivative  instruments,  including certain derivative instruments
embedded in other contracts,  and for hedging activities.  The implementation of
the  standard  is not  expected  to  have a  material  impact  on our  financial
condition or results of operations.

         In December 1999, the Securities and Exchange  Commission  issued Staff
Accounting Bulletin (SAB) No. 101 "Revenue Recognition in Financial Statements".
The SAB summarizes certain staff views in applying generally accepted accounting
principles to revenue recognition in financial statements. Adoption is currently
required in Fiscal 2002, and early  adoption is permitted.  The Company does not
expect  this  bulletin to have a material  affect on its results of  operations,
financial condition or cash flows.

<PAGE>
<TABLE>
<CAPTION>
Note 2 Operating  Segment and Geographic Information
<S>                                     <C>             <C>             <C>                <C>

                                                      Business Segment Information

                                          Airborne
                                        Hyperspectral    Satellite
                                          Services      Development     Other Industries     Combined
Revenue

Second Quarter fiscal 2001              $     259,863   $          -     $             -    $     259,863
First six months of fiscal 2001               289,863        433,014                   -          722,877

Loss from Operations
Second Quarter fiscal 2001                   (610,635)      (644,369)           (180,243)      (1,435,247)
First six months of fiscal 2001            (1,435,001)      (832,852)           (392,736)      (2,660,589)

Total Assets
At September 30, 2000                   $   5,670,539   $ 11,847,655     $       696,594    $  18,214,788
At June 30, 2000                            6,072,500     11,845,814             636,735       18,555,049

For the first six months of fiscal 2000, all operating results are from Airborne Hyperspectral Services.

</TABLE>
<PAGE>

Earth Search Sciences, Inc.
--------------------------------------------------------------------------------

                      MANAGEMENT'S DISCUSSION AND ANALYSIS
                OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

         Included in the  financial  statements of the Company for the first and
second quarter of 2001 is Space Technology Development Corporation (STDC), which
was  acquired on December 21, 1999.  The STDC  acquisition  falls under the DUAP
with the Navy.  Earth Search Sciences,  Inc. has made all milestone  payments to
date.

         In the second  quarter of 2001,  the  Company  continued  to pursue its
strategic plan to survey areas of interest for its own use. Areas of interest to
the Company surveyed with the Company's remote sensing instruments in the second
quarter of 2001 included  potential  hydrocarbon and mineral  properties.  Third
party contracts for hyperspectral  surveys included  applications in mineral and
hydrocarbon exploration, gas and emission leak detection, vegetal class mapping,
and environmental base lining and monitoring.

         In the third quarter, the company is performing a significant survey in
the southern hemisphere for a group of mineral exploration companies.

         Revenue,  costs of services  provided,  and general and  administrative
expenses  for  the  six  months  ended  September  30,  2000  include  $433,014,
$1,089,865 and $227,959, respectively, from STDC.

         General and  administrative  expenses increased in the first six months
of fiscal 2001  compared  with the prior year as a result of the Company  adding
staff necessary to pursue its business plans.

LIQUIDITY AND CAPITAL RESOURCES

         Net cash  decreased in the second quarter of 2001 due mainly to capital
expenditures, salaries and overhead. Capital expenditures in 2001 were primarily
for payments for an aircraft and hyperspectral instruments.

         In the six months ended September 30, 2000, the Company raised $289,001
by selling stock in its subsidiaries Terranet, Petro Probe and Eco Probe.

         The Company is experiencing working capital deficiencies because it has
incurred operating losses. The Company has operated with funds received from the
sale of its common stock and the  issuance of notes.  The ability of the Company
to  continue  as a going  concern is  dependent  upon  continued  debt or equity
financings until or unless the Company is able to generate operating revenues to
sustain ongoing operations.  The Company plans to increase the number of revenue
producing services through the use of additional  hyperspectral  instruments and
thereby continue as a going concern.

FUTURE OPERATIONS

         In the  future,  the  Company  intends to  continue  to perform  remote
sensing  surveys for third  parties in the  mineral,  hydrocarbon,  forestry and
environmental  areas.  In addition,  the Company  intends to continue to perform
remote  sensing  surveys  for its own  use  with  applications  in  mineral  and
hydrocarbon exploration.


<PAGE>

Earth Search Sciences, Inc.
--------------------------------------------------------------------------------



PART II

                           OTHER INFORMATION REQUIRED

         Item 1.        Legal Proceedings                           None

         Item 2.        Changes in Securities                       None

         Item 3.        Defaults Upon Senior Securities             None

         Item 4.        Submission of Matters to a Vote
                         of Security Holder                         None

         Item 5.        Other Information                           None

         Item 6.        Exhibits and Reports on Form 8-K            None


                                    SIGNATURE

        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.

                                        EARTH SEARCH SCIENCES, INC.



Date: November 14, 2000                 /s/ Larry F. Vance
                                        ---------------------------
                                        Larry F. Vance
                                        Chairman and Director