FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.

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

                  For the quarterly period ended March 31, 2002

                                       OR

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

        For the transition period from ____________ to _________________

                        Commission File Number 000-30563

                               DELTA MUTUAL, INC.
             (Exact name of registrant as specified in its charter)

         DELAWARE                                               14-1818394
(State or other jurisdiction of                             (I.R.S. Employer
 incorporation or organization)                             Identification No.)

                6723 WHITTIER AVENUE, SUITE 203, MCLEAN, VA 22101
                                 (703) 918-0350
             (Address and telephone number, including area code, of
                    registrant's principal executive office)

        1730 Rhode Island Avenue N.W., Suite 312, Washington, D.C. 20036
         (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  X         NO
    ---           ---

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

      At March 31, 2002 there were 557,000 shares of Common Stock, $.0001 par
value, outstanding.
<PAGE>


                               DELTA MUTUAL, INC.

                                      INDEX
                                      -----
<TABLE>
<CAPTION>
                                                                                                 Page
                                                                                                 ----
<S>                                                                                              <C>
Part I.  Financial Information                                                                    1

  Item 1.         Financial Statements

                  Balance Sheets as of March 31,
                   2002 (unaudited) and December 31, 2001                                         2

                  Statements of Operations for the Three Months Ended March 31,
                   2002 and 2001 (unaudited) and the Period November 17, 1999
                   (Date of Formation) through March 31, 2002                                     3

                  Statements of Cash Flows for the Three Months Ended March 31,
                   2002 and 2001 (unaudited) and the Period November 17, 1999
                   (Date of Formation) through March 31, 2002                                     4 - 5

                  Notes to Financial Statements (unaudited)                                       6 - 10

  Item 2.         Management's Discussion and Analysis
                   or Plan of Operations                                                         11 - 13

Part II. Other Information

  Item 1.         Legal Proceedings                                                              14
  Item 2.         Changes in Securities                                                          14
  Item 3.         Defaults upon Senior Securities                                                14
  Item 4.         Submission of Matters to a Vote of Security Holders                            14
  Item 5.         Other Information                                                              14
  Item 6.         Exhibits and Reports on Form 8-K                                               14

Signatures                                                                                       15
</TABLE>

<PAGE>

PART I.  FINANCIAL INFORMATION

         Item 1.  Financial Statements

                  Certain information and footnote disclosures required under
         generally accepted accounting principles have been condensed or omitted
         from the following financial statements pursuant to the rules and
         regulations of the Securities and Exchange Commission. It is suggested
         that the following financial statements be read in conjunction with the
         year-end financial statements and notes thereto included in the
         Company's Annual Report on Form 10-KSB for the year ended December 31,
         2001.

                  The results of operations for the three months ended March 31,
         2002, are not necessarily indicative of the results to be expected for
         the entire fiscal year or for any other period.


                                       -1-
<PAGE>


                                DELTA MUTUAL INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET

                                     ASSETS
                                     ------

                                                      March 31,     December 31,
                                                      --------------------------
                                                        2002            2001
                                                      ---------      ---------
                                                     (Unaudited)
Current Assets:
    Cash                                              $   5,784      $  36,641
    Note receivable                                      85,000         60,000
    Interest receivable                                   2,125             --
    Prepaid expenses                                         --         23,000
                                                      ---------      ---------
      Total Current Assets                               92,909        119,641
    Other assets                                             --         30,000
                                                      ---------      ---------
         TOTAL ASSETS                                 $  92,909      $ 149,641
                                                      =========      =========

                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
                -------------------------------------------------

Current Liabilities:
    Convertible debt                                  $      --      $ 250,000
    Accounts payable and accrued expenses                90,723         65,870
                                                      ---------      ---------
         Total Liabilities                               90,723        315,870
                                                      ---------      ---------

Commitments and Contingencies

Stockholders' Deficiency:
    Common stock $0.0001 par value - authorized
      20,000,000 shares; 557,000
      shares issued and outstanding                          56             56
    Additional paid-in-capital                          256,852         48,222
    Deficit accumulated during
      the development stage                            (254,722)      (214,507)
                                                      ---------      ---------
         Total Stockholders' Equity (Deficiency)          2,186       (166,229)
                                                      ---------      ---------

         TOTAL LIABILITIES AND
           STOCKHOLDERS' EQUITY (DEFICIENCY)          $  92,909      $ 149,641
                                                      =========      =========


                       See notes to financial statements.
                                       -2-
<PAGE>


                                DELTA MUTUAL INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                       Period from
                                                                                    November 17, 1999
                                             Three Months Ended March 31,          (Date of Formation)
                                            ------------------------------               through
                                               2002                 2001              March 31, 2002
                                            ---------            ---------         -------------------
<S>                                         <C>                   <C>                   <C>
Costs and Expenses
    General and administrative
      expenses                              $  40,215             $  12,679             $ 254,722
                                            ---------             ---------             ---------
    Net (loss)                              $ (40,215)            $ (12,679)            $(254,722)
                                            ---------             ---------             ---------
    (Loss) per common share
      basic and diluted                     $   (0.07)            $   (0.02)
                                            =========             =========
    Weighted average number of
      common shares outstanding-
      basic and diluted                       557,000               557,000
                                            =========             =========
</TABLE>


                       See notes to financial statements.
                                       -3-
<PAGE>


                                DELTA MUTUAL INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                Period
                                                                                           November 17, 1999
                                                    Three Months Ended March 31,          (Date of Formation)
                                                  -------------------------------              through
                                                    2002                   2001             March 31, 2002
                                                  ---------             ---------  -------------------------------
<S>                                               <C>                   <C>                   <C>
Cash flows from operating activities:
    Net loss                                      $ (40,215)            $ (12,679)            $(254,722)
    Changes in operating assets
    and liabilities:                                 34,358                 7,543                47,228
                                                  ---------             ---------             ---------
Net cash used in operating activities:               (5,857)               (5,136)            $(207,494)
                                                  ---------             ---------             ---------

Cash flows from investing activities:
    Advances                                        (25,000)                   --               (85,000)
                                                  ---------             ---------             ---------

Cash flows from financing activities:
    Proceeds from sale of common stock                   --                    --                10,750
    Proceeds from loan                                   --                    --               540,744
    Repayment of loan                                    --                    --              (540,744)
    Proceeds from convertible debt                       --                    --               250,000
    Proceeds from officer                                --                 5,000                37,528
                                                  ---------             ---------             ---------
    Net cash provided by
      financing activities                               --                 5,000               298,278
                                                  ---------             ---------             ---------

    Net increase (decrease) in cash                 (30,857)                 (136)                5,784
    Cash - Beginning of year                         36,641                   421                    --
                                                  ---------             ---------             ---------
    Cash - Ending of year                         $   5,784             $     285             $   5,784
                                                  =========             =========             =========
</TABLE>


                       See notes to financial statements.
                                       -4-
<PAGE>

                                DELTA MUTUAL INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                               Period
                                                                                          November 17, 1999
                                                    Three Months Ended March 31,         (Date of Formation)
                                                  ------------------------------               through
                                                    2002                  2001             March 31, 2002
                                                  ---------             ---------        -------------------
<S>                                               <C>                   <C>                  <C>
Non-cash financing activities:
 Conversion of debt to paid in capital            $ 958,630             $   9,994            $ 958,630
                                                  =========             =========            =========
Conversion of note receivable to
   paid in capital                                $(750,000)            $      --            $(750,000)
                                                  =========             =========            =========
 Forgiveness of debt to former
   shareholder                                    $      --             $      --            $  37,528
                                                  =========             =========            =========

Supplementary information:
  Cash paid during year for:
     Interest                                     $      --             $      --
                                                  =========             =========
     Income taxes                                 $      --             $      --
                                                  =========             =========

Changes in operating assets and
  liabilities consists of:
  Increase in interest receivable                 $  (2,125)            $      --            $  (2,125)
  Decrease in prepaid expenses                        8,000                    --              (15,000)
  Decrease in other assets                               --                    --              (30,000)
  Increase in accounts payable
     and accrued expenses                            28,483                 7,543               94,353
                                                  ---------             ---------            ---------
                                                  $  34,358             $   7,543            $  47,228
                                                  =========             =========            =========
</TABLE>

                       See notes to financial statements.
                                       -5-
<PAGE>


                                DELTA MUTUAL INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION
------------

     The Company was incorporated under the name Delta Mutual, Inc. on November
17, 1999 in the State of Delaware. The Company has not commenced operations and
no revenues have been derived since its formation. Accordingly, the Company is
considered a development stage enterprise. The Company originally intended to
provide mortgage services through the Internet to the "sub-prime" market, but no
longer pursues that business plan.

     On May 11, 2001 the Company entered into an agreement of sale with
Enterprise Solutions, Inc. ("ESI"). Pursuant to that agreement, the Company was
to acquire substantially all of the assets of ESI in exchange for approximately
10,500,000 shares of the Company's common stock. ESI was organized to develop
and sell high assurance security computer networks and related products and
services to both government agencies and commercial enterprises. ESI was in the
development stage and had no revenues of a continuing nature.

     Incident to such agreement, the Company was granted an exclusive world-wide
license by ESI to make, use and sell their technology, hardware and software
products.

     The merger agreement and the licensing agreement were both terminated on
April 16, 2002. See Note 2 of Notes to Financial Statements.

BASIS OF PRESENTATION
---------------------

     The Company's financial statements for the three months ended March 31,
2002 have been prepared on a going concern basis which contemplates the
realization of assets and settlement of liabilities and commitments in the
normal course of business. Management recognizes that the Company's continued
existence is dependent upon its ability to obtain needed working capital through
additional equity and/or debt financing and the commencement of its planned
principal operations.

     The Company's business is subject to most of the risks inherent in the
establishment of a new business enterprise. The likelihood of success of the
Company must be considered in light of the expenses, difficulties, delays and
unanticipated challenges encountered in connection with the formation of a new
business, raising operating and development capital, and the marketing of a new
product.

                                       -6-
<PAGE>


     The Company presently does not have sufficient liquid assets to finance its
anticipated funding needs and obligations. The Company recently terminated its
merger agreement and license agreement with ESI. The Company's continued
existence is dependent upon its ability to obtain needed working capital through
additional equity and/or debt financing. Management is actively seeking
additional capital to ensure the continuation of its operations. However, there
is no assurance that additional capital will be obtained. It remains the
Company's intention to enter into a merger or acquire the assets of another
business. These uncertainties raise substantial doubt about the ability of the
Company to continue as a gong concern.

     The financial statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts or the amounts and
classifications of liabilities that might be necessary should the Company be
unable to continue as a going concern.

LOSS PER SHARE
--------------

     Basic loss per common share is computed by dividing net loss by the
weighted average number of common shares outstanding during the year. Diluted
earnings per common share are computed by dividing net earnings by the weighted
average number of common and potential common shares during the year. Potential
common shares are excluded from the loss per share calculation, because the
effect would be antidilutive. Potential common shares relate to the convertible
debt.

RECENT ACCOUNTING PRONOUNCEMENTS
--------------------------------

     On June 29, 2001, the Financial Accounting Standards Board (FASB) issued
SFAS No. 141, "Business Combinations," and SFAS No. 142, "Goodwill and
Intangible Assets." The major provisions of SFAS No. 141 were as follows: all
business combinations initiated after June 30, 2001 must use the purchase method
of accounting; the pooling of interest method of accounting is prohibited. SFAS
No. 142 eliminated the amortization of goodwill and certain other intangibles
and requires an impairment test of their carrying value. An initial impairment
test of goodwill and certain other intangibles must be completed in the year of
adoption with at least an annual impairment test thereafter. On January 1, 2002,
the Company adopted SFAS No. 142. The Company completed the initial impairment
tests in the first quarter of 2002, which did not result in an impairment of
goodwill or certain other intangibles. The provisions of SFAS No. 142 are
effective for periods after adoption and retroactive application is not
permitted. Therefore, the historical results of periods prior to 2002 in the
Company's Consolidated Statements of Operations do not reflect the effect of
SFAS No. 142 and, accordingly, the first quarter of 2001 includes no
amortization expense.


                                       -7-
<PAGE>


     On June 29, 2001, the FASB issued SFAS No. 143 "Accounting for Asset
Retirement Obligations". SFAS No. 143 addresses financial accounting and
reporting for obligations and costs associated with the retirement of tangible
long-lived assets. The Company is required to implement SFAS No.143 on January
1, 2003, and has not yet determined the impact that this statement will have on
its results of operations or financial position.

     In August 2001, the FASB issued SFAS No. 144, "Accounting for the
Impairment or Disposal of Long-Lived Assets", effective for fiscal years
beginning after December 15, 2001. Under SFAS No. 144 assets held for sale will
be included in discontinued operations if the operations and cash flows will be
or have been eliminated from the ongoing operations of the entity and the entity
will not have any significant continuing involvement in the operations of the
component. The Company adopted SFAS No. 144 on January 1, 2002. The Company
believes the adoption of SFAS No. 144 will not have a material impact on the
Company's results of operations or financial position.

2. AGREEMENT OF SALE

     In May 2001, Delta and ESI entered into an agreement whereby ESI was to
sell its assets to Delta for 1.2676 newly issued Delta common shares for each
common share of ESI outstanding. In June 2001, the Company prepared and filed
with the Securities and Exchange Commission a registration statement for the
shares to be issued to ESI's stockholders, with a view to consummating the
acquisition. In the fall of 2001, the Company loaned ESI substantial monies. See
Note 4 of Notes to Financial Statements.

     On October 21, 2001, ESI's president died leaving ESI without a chief
executive. ESI was without sufficient funds to pay the professional and
accounting fees necessary for a closing, or to pay for marketing its products.
The Company therefore determined not to expend additional funds on such
acquisition and to look for an alternative business to acquire or with which to
merge. In light of such changed circumstances, ESI's lack of funds with which to
pay the costs necessary to close on the transaction, and the Securities and
Exchange Commission's comments with respect to the party's registration
statement, the Company views the Agreement of Sale as terminated and has
suspended all activities to implement such acquisition. The Company has
withdrawn its registration statement.

     On April 16, 2002, a termination of the merger agreement was signed because
the registration statement required to be filed with the Securities and Exchange
Commission for the acquisition and approval by stockholders of ESI did not take
place.


                                       -8-
<PAGE>


     As part of the termination agreement, the Company received a note by John
Solomon in favor of ESI in the amount of $750,000. The Company transferred
ownership to ESI approximately 35 TAD Devices and 1 NRE and cancelled its
license agreement with ESI to make, use and sell any ESI technology and products
and each company released the other from any and all liability related to and
arising under the merger agreement.

3. NOTES RECEIVABLE

     The Company entered into an agreement with ESI whereby the Company would
advance to ESI up to $100,000. ESI agreed to pay the entire amount advanced,
including interest at a rate of 10% per annum, on or before March 31, 2002. At
the Company's option, the Company may convert the unpaid principal balance of
the note, together with accrued interest, into that number of shares of stock of
ESI at the conversion price of $.20 per common share, or the existing market
price, whichever is greater, anytime prior to maturity. At March 31, 2002 the
Company advanced ESI $85,000. Interest receivable at March 31, 2002 was $2,125.
An additional $5,000 was advanced in April 2002 and the note was extended to
June 30, 2002.

4. CONVERTIBLE DEBT PAYABLE

     On November 27, 2001 the Company borrowed $250,000 from Roseann Solomon
(John Solomon's widow) for which it issued a 10% convertible promissory note due
on or before December 31, 2002. Interest expense in the amount of $1,333, $2,379
and $3,612 was accrued at March 31, 2002, December 31, 2001 and the period
November 17, 1999 (Date of Formation) through March 31, 2002, respectively.

     At any time prior to maturity or prior to payment in full, the Note holder
had the right to convert the unpaid portion of the note, together with accrued
interest, into that number of shares of common stock of the Company at the then
current market price per share and the Company and the Note holder each had the
right to offset the unpaid principal balance of the note, together with accrued
interest, for a certain promissory note dated May 31, 2001 between ESI and John
A. Solomon.

     As part of the termination agreement with ESI, the Company received the
John Solomon note, which it assigned to Roseann Solomon in complete satisfaction
of its $250,000 obligation to her.

5. COMMON STOCK

     The Company has a single class of Common Stock with a par value of $0.0001
per share. There are 20 million shares authorized, and at December 31, 2001 and
2000, respectively, 557,000 shares were issued and outstanding. The former
president of the Company purchased 300,000 shares in November of 1999.


                                       -9-
<PAGE>


     Such shares were issued without registration in reliance on an exemption in
federal securities laws that permit issuance of stock up to $1 million without
registration of the securities.

     In April 2001, Kelcon, Inc., a Delaware corporation, purchased 450,000
shares of common stock from former officers of the Company, effectively changing
the ownership of the Company.

6. COMMITMENTS AND CONTINGENCIES

License Agreement
-----------------

     On April 16, 2002 the Company terminated its license agreement with ESI.

Marketing Services Agreement
----------------------------

     Effective November 1, 2001 ESI entered into a marketing services agreement
with KCT Inc. ("KCT"). KCT was to provide consulting services to the Company for
a minimum period of 120 days. The monthly fee was $15,000 for the first sixty
days and $19,000 for the remaining sixty days.

     During the first quarter of 2002 the agreement was orally terminated and
the Company believes it has no obligation in connection with the agreement.

Investor Relations Agreement
----------------------------

     On November 6, 2001 the Company entered into an agreement with Direct
Development Group, LLC ("Direct"). Direct was to assist the Company, for a
period of four months, as its investor relations and strategic communication
consultant. Direct received a fee of $16,000.


                                      -10-
<PAGE>


Item 2. Management's Discussion and Plan of Operations

Forward Looking Statements
--------------------------

     Under the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995, we caution readers regarding forward looking statements
found in this report and in any other statement made by or on our behalf.
Forward looking statements are statements which are not based on historical
information and which relate to future operations, strategies, financial results
or other developments. Forward looking statements are necessarily based upon
estimates and assumptions that are inherently subject to significant business,
economic and competitive uncertainties and contingencies, many of which are
beyond our control and many of which, with respect to future business decisions,
are subject to change. These uncertainties and contingencies can affect actual
results and could cause actual results to differ materially from those expressed
in any forward looking statements made by or on our behalf. We disclaim any
obligation to update forward looking statements.

General
-------

     Delta was incorporated under the laws of the State of Delaware on November
17, 1999. Delta is a development stage company which initially intended to
develop an Internet based mortgage services company. We were unable to secure
sufficient financing to implement our initial business plan, and to date have
been unable to effect an acquisition of or merger with any other business.
Management intends to continue to seek a business combination opportunity.

     We have insufficient capital with which to commence operational activities.
We have incurred, and will continue to incur, expense relating to our
operations. Specifically, as long as we are required to file reports under the
Securities Exchange Act, we will continue to incur accounting and legal fees
relating to our filings. We enjoy the non-exclusive use of office,
telecommunication and incidental supplies of stationery, provided by our
president. As of the date of this report, we have not received any revenues and
must rely entirely upon loans and equity investments from affiliates to pay
operating expenses.

Plan of Operation
-----------------

     We are currently dependent on loans and investments from affiliates to pay
our operating expenses. There are no assurances that such affiliates will
continue to advance funds or invest in the Company's securities. In the event we
are unable to obtain additional capital or funding we may be unable to pursue
our business plan. Once we identify a business for acquisition or merger, we
will need additional funding to effect such transaction. No significant cash or
funds are expected to be required until such a candidate for merger or
acquisition is identified.


                                      -11-
<PAGE>


     During the twelve months following the filing of this report, we intend to
seek to acquire assets or shares of an entity actively engaged in a business
that generates revenues, in exchange for our securities. We intend to contact
investment bankers, corporate financial analysts, attorneys and other investment
industry professionals through various media.

     Prior to consummation, we will provide our stockholders with such
disclosure documentation concerning the business opportunity and the structure
of the proposed business combination as is required by law. While such
disclosure may include audited financial statements of such a target entity,
there is no assurance that such audited financial statements will be available.

     Due to the fact that we have no operations, it is anticipated that our cash
requirements will be limited, and that all necessary capital, to the extent
required, will be provided by our directors, officers and/or stockholders. We do
not anticipate that we will have to raise capital or acquire any plant or
significant equipment in the next twelve months, unless a merger or acquisition
target is identified.

LIQUIDITY
---------

     We have no current operations and have not generated any revenue. We must
rely entirely on loans from affiliates to pay operating expenses.

     At March 31, 2002 our working capital was approximately $-0- and we
continued to operate at a loss. Since we have no source of revenue, our working
capital deficit will continue to increase as we incur additional operating
expenses. Presently we have no external sources of cash and we are dependent
upon our management and stockholders for funding.

     In November 2001, we borrowed $250,000 from Rosanne Solomon, the widow of
Enterprise's former CEO. Such note was payable on or before December 31, 2002,
with interest at 10%. Mrs. Solomon had the right to convert the outstanding
balance of such note into shares of Delta's common stock at the market price per
share on the date of conversion, and we had the right to pay off such note by
delivery to her of the $750,000 note made by her late husband in consideration
of cash advances by Enterprises. We did not have sufficient funds to pay off
Mrs. Solomon's note, and on April 15, 2002, we acquired Mr. Solomon's note from
Enterprises in exchange for assignment to Enterprises of certain keypads
acquired from Panasonic. We used Mr. Solomon's note to pay off our $250,000
obligation to Mrs. Solomon.


                                      -12-
<PAGE>


RESULTS OF OPERATIONS
---------------------

     During the three months ended March 31, 2002 we incurred a net loss of
approximately $40,000. Such loss is primarily attributed to professional
expenses incurred in connection with the contemplated transaction with
Enterprises, including preparation of the registration statement and information
statement for the meeting of stockholders. During the three months ended March
31, 2001 we incurred a net loss of approximately $12,000. From inception
(November 17, 1999) to March 31, 2002 we had a net loss of approximately
$254,000. We are continuing to incur professional fees and other expenses. If we
do not find a suitable acquisition target or other source of revenue, we will
continue to incur net losses and may have to cease operations entirely. This
factor, among others raises substantial doubt about our ability to continue as a
going concern.

     Our ability to continue as a going concern is dependent upon our ability to
obtain funds to meet our obligations on a timely basis, to identify and close an
acquisition with a suitable target company, obtain additional financing or
refinancing as may be required, and ultimately to attain profitability. There
are no assurances that we will be able to identify a suitable acquisition target
and close such acquisition, obtain any additional financing or, if we are able
to obtain additional financing, that such financing will be on terms favorable
to us. The inability to obtain additional financing when needed would have a
material adverse effect on our operating results.

     The Independent Auditors' Report and Note 1 of the Notes to Financial
Statements for the year ended December 31, 2001 state that substantial doubt has
been raised about our ability to continue as a going concern. Our present
business operations do not generate any revenues with which to cover our
expenses. We will have to acquire or merge with other business operations or
severally reduce our expense to remain viable and we cannot assure you that we
will be able to do so.


                                      -13-
<PAGE>


PART II - OTHER INFORMATION

     ITEM 1. LEGAL PROCEEDINGS

             There are no legal proceedings against the Company and the Company
             is unaware of such proceedings contemplated against it.

     ITEM 2. CHANGES IN SECURITIES

             Not applicable.

     ITEM 3. DEFAULTS UPON SENIOR SECURITIES

             Not applicable.

     ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

             Not applicable.

     ITEM 5. OTHER INFORMATION

             Not applicable

     ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits:

             Not applicable

     (b) The following reports on Form 8-K were filed during the last quarter of
         the period covered by this report.

             None.


                                      -14-
<PAGE>


                                   SIGNATURES

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.


                                                    DELTA MUTUAL, INC.


                                                    BY: /s/ Kenneth Martin
                                                        ------------------------
                                                        Kenneth Martin
                                                        Principal Financial and
                                                        Chief Accounting Officer

Dated:  May 15, 2002


                                      -15-