UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

--------------------------------------------------------------------------------


                                   (Mark one)
         X QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                                   -----------
                              EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 2002

         TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
                                   -----------
                                     OF 1934

              For the transition period from _________ to ________

--------------------------------------------------------------------------------


                        Commission File Number: 333-83152
                                     -------

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

                 Nevada                            75-2870720
     -----------------------------       ----------------------------
       (State of incorporation)             (IRS Employer ID Number)

              2591 Dallas Parkway, Suite 102, Frisco, TX 75034-8543
              -----------------------------------------------------
                    (Address of principal executive offices)

                                 (469) 633-0100
                           (Issuer's telephone number)

--------------------------------------------------------------------------------


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 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
                                                             ---   ---

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: August 5, 2002: 1,000,000

Transitional Small Business Disclosure Format (check one): YES    NO X
                                                              ---   ---


<PAGE>

                                 Doblique, Inc.

                 Form 10-QSB for the Quarter ended June 30, 2002

                                Table of Contents


                                                                            Page
                                                                            ----
Part I - Financial Information

  Item 1     Financial Statements and Notes to Financial Statements           3

  Item 2     Management's Discussion and Analysis of Financial Condition
               and Results of Operations                                     10


Part II - Other Information

  Item 1   Legal Proceedings                                                 12

  Item 2   Changes in Securities                                             12

  Item 3   Defaults Upon Senior Securities                                   12

  Item 4   Submission of Matters to a Vote of Security Holders               12

  Item 5   Other Information                                                 12

  Item 6   Exhibits and Reports on Form 8-K                                  12


Signatures                                                                   12





                                       2
<PAGE>

Item 1 - Part 1 - Financial Statements

                                 Doblique, Inc.
                                 Balance Sheets
                       June 30, 2002 and December 31, 2001

                                                     June 30,
                                                       2002        December 31,
                                                    (Unaudited)        2001
                                                   ------------    ------------
                                     ASSETS
Current assets
   Cash on hand and in bank                        $     18,637          27,490
                                                   ------------    ------------
     Total current assets                                18,637          27,490
                                                   ------------    ------------

Livestock                                                56,000          49,000
   Accumulated depreciation                             (12,889)        (12,222)
                                                   ------------    ------------
         Net livestock                                   43,111          36,778
                                                   ------------    ------------
TOTAL ASSETS                                       $     61,748          64,268
                                                   ============    ============



                     LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
   Accounts payable - trade                        $     19,370            --
   Due to shareholder                                   138,859         122,395
                                                   ------------    ------------
Total current liabilities                               158,229         122,395


Commitments and contingencies


Stockholders' deficit
   Common stock - $0.001 par value
     25,000,000 shares authorized
     1,000,000 shares issued and outstanding              1,000           1,000
   Additional paid-in capital                            36,000          24,000
   Accumulated deficit                                 (133,481)        (83,127)
                                                   ------------    ------------

     Total stockholders' deficit                        (96,481)        (58,127)
                                                   ------------    ------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT        $     61,748    $     64,268
                                                   ============    ============




The  financial  information  presented  herein has been  prepared by  management
without audit by independent  certified  public  accountants.  The  accompanying
notes are an integral part of these financial statements.



                                       3
<PAGE>
<TABLE>
<CAPTION>

                                 Doblique, Inc.
                            Statements of Operations
                Six and Three months ended June 30, 2002 and 2001

                                   (Unaudited)

                                            Six months      Six months     Three months    Three months
                                              ended           ended            ended          ended
                                             June 30,        June 30,        June 30,        June 30,
                                                2002            2001            2002            2001
                                           ------------    ------------    ------------    ------------
<S>                                        <C>             <C>             <C>             <C>

Revenues
Racing purses                              $   33,646           25,102          22,220           19,757


                                           ------------    ------------    ------------    -------------
                                               33,646           25,102          22,220           19,757


Operating expenses
   Livestock expenses
   Training                                    31,798           41,427          18,203           21,648
   Veterinarian fees                            7,557            6,253           4,148            4,309
   Other                                        2,355            1,367           2,115               44
   Jockey fees & other track expenses           3,829            2,619           2,244            2,214
   Executive compensation contributed
     by a shareholder                          12,000           12,000           6,000            6,000
   General and administrative expenses          4,294              --              --               --
   Depreciation                                 9,696            7,560           5,390            4,520

                                           ------------    ------------    ------------    -------------
Total operating expenses                       71,529           71,226          38,100           38,735
                                           ------------    ------------    ------------    -------------

Loss from operations                          (37,883)         (46,124)        (15,880)         (18,978)

Other income (expense)
   Loss on sale of livestock                  (12,471)          12,500         (12,471)          12,500
                                           ------------    ------------    ------------    -------------

Loss before provision for income taxes        (50,354)         (33,624)        (28,351)          (6,478)

Provision for income taxes                         --              --              --               --
                                           ------------    ------------    ------------    -------------

Net Loss                                   $  (50,354)         (33,624)        (28,351)          (6,478)
                                           ============    ============    ============    =============


Loss per weighted-average share of
   common stock outstanding, computed
   on net loss - basic and fully diluted   $     (.05)            (.03)           (.03)            (.01)
                                           ============    ============    ============    =============

Weighted-average number of
   common shares outstanding                 1,000,000       1,000,000       1,000,000        1,000,000
                                           ============    ============    ============    =============
</TABLE>



The  financial  information  presented  herein has been  prepared by  management
without audit by independent  certified  public  accountants.  The  accompanying
notes are an integral part of these financial statements.


                                       4
<PAGE>

                                 Doblique, Inc.
                            Statements of Cash Flows
                     Six months ended June 30, 2002 and 2001


                                                             2002        2001
                                                           --------    --------

Cash flows from operating activities:
   Net loss                                                $(50,354)    (33,624)
   Adjustments to reconcile net loss to net cash
    provided by operating activities:
       Depreciation                                           9,696       7,560
       Loss on sale of livestock                             12,471        --
       Executive compensation contributed
        by a shareholder                                     12,000      12,000
   Increase in accounts payable                              19,370          47
   Increase in due to shareholder                            16,464      86,054
                                                           --------    --------
Net cash provided by operations                              19,647      72,037
                                                           --------    --------

Cash flows from investing activities:
   Proceeds from sale of livestock                            3,500        --
   Purchase of livestock                                    (32,000)    (71,113)
                                                           --------    --------
Net cash used in investing activities                       (28,500)    (71,113)
                                                           --------    --------
Increase (decrease) in cash                                  (8,853)        924

Cash at beginning of period                                  27,490          64
                                                           --------    --------

Cash at end of year                                        $ 18,637         988
                                                           ========    ========


Supplemental disclosure of interest and income taxes paid
   Interest paid for the period                            $   --          --
                                                           ========    ========
   Income taxes paid for the period                        $   --          --
                                                           ========    ========





The  financial  information  presented  herein has been  prepared by  management
without audit by independent  certified  public  accountants.  The  accompanying
notes are an integral part of these financial statements.



                                       5
<PAGE>

                                 Doblique, Inc.

                          Notes to Financial Statements



Note A - Organization and Description of Business

Doblique,  Inc.  (Company) was  incorporated on March 28, 2000 under the laws of
the State of Nevada. The Company owns, trains and races thoroughbred horses on a
long-term  basis for its own account.  The Company began business  operations in
February 2001.

The  Company  follows  the  accrual  basis  of  accounting  in  accordance  with
accounting principles generally accepted in the United States of America and has
a year-end of December 31.

During interim periods, the Company follows the accounting policies set forth in
its  Registration  Statement  Under The  Securities  Act of 1933 on Form SB-2 as
filed  with  the  U.S.  Securities  and  Exchange  Commission.  The  information
presented herein may not include all disclosures  required by generally accepted
accounting  principles  and the  users of  financial  information  provided  for
interim periods should refer to the annual  financial  information and footnotes
contained in its Registration Statement Under The Securities Act of 1933 on Form
SB-2 when reviewing the interim financial results presented herein.

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the balance sheet. Actual results could differ from those estimates.


Note B - Going Concern Uncertainty

The horse racing  business has  inherently  high risk. At the present time,  the
Company  is not  generating  revenue  at  levels  sufficient  to  support  daily
operations.

The  Company's  continued  existence is  dependent  upon its ability to generate
sufficient cash flows from operations to support its daily operations as well as
provide sufficient resources to retire existing liabilities and obligations on a
timely  basis.  Further,  the Company  faces  considerable  risk in each of it's
business  plan  steps,  including  difficulty  of hiring or  engaging  competent
trainers within our budget,  acquisition of quality  livestock,  and a potential
shortfall of funding due to  potential  difficulties  in raising  capital in the
equity securities market.

The Company  remains  dependent upon additional  external  sources of financing;
including being dependent upon its management and/or significant shareholders to
provide   sufficient   working  capital  in  excess  of  the  Company's  initial
capitalization  and net racing purse  revenues to preserve the  integrity of the
corporate entity.

The Company  anticipates  offering future sales of equity  securities.  However,
there is no assurance that the Company will be able to obtain additional funding
through the sales of additional  equity  securities  or, that such  funding,  if
available, will be obtained on terms favorable to or affordable by the Company.


                                       6
<PAGE>

                                 Doblique, Inc.

                          Notes to Financial Statements



If no additional  operating  capital is received  during the next twelve months,
the Company will be forced to rely on existing  cash in the bank and  additional
funds loaned by management and/or  significant  shareholders.  In the event, the
Company  is unable to  generate  sufficient  cash  flow to repay  advances  from
management and/or significant shareholders,  the party advancing funds may elect
to take title to one or more of the  Company's  horses to satisfy this debt.  An
action of this type would significantly  negatively impact the Company's ongoing
operations.

It  is  the  intent  of  management  and  significant  stockholders  to  provide
sufficient  working  capital  necessary to support and preserve the integrity of
the corporate entity.  However, no formal commitments or arrangements to advance
or loan funds to the Company or repay any such advances or loans exist. There is
no legal obligation for either management or significant stockholders to provide
additional future funding.

In such a restricted cash flow scenario, the Company would be unable to complete
our  business  plan  steps,  and  would,  instead,   delay  all  cash  intensive
activities.  Without  necessary cash flow, the Company may become dormant during
the next twelve months, or until such time as necessary funds could be raised in
the equity securities market.

The Company has a limited operating history, minimal cash on hand, no profit and
operates a business  plan with  inherent  risk.  Because of these  factors,  our
auditors have issued an audit opinion for the Company which includes a statement
describing  our going concern  status.  This means,  in our  auditor's  opinion,
substantial doubt about our ability to continue as a going concern exists at the
date of their opinion.

While the Company is of the opinion that good faith  estimates of the  Company's
ability to secure additional  capital in the future to reach our goals have been
made, there is no guarantee that the Company will receive  sufficient funding to
sustain operations or implement any future business plan steps.



Note C - Summary of Significant Accounting Policies

1.   Cash and cash equivalents
     -------------------------

     For purposes of reporting  cash flows,  the Company  considers  all cash on
     hand,  in banks and on  deposit  with  brokerage  houses,  certificates  of
     deposit and other highly liquid debt  instruments  with a maturity of three
     months or less at the date of purchase to be cash and cash equivalents.

     Cash  overdraft  positions may occur from time to time due to the timing of
     making bank deposits and releasing checks, in accordance with the Company's
     cash management policies.

2.   Revenue Recognition
     -------------------

     The  Company   recognizes  revenue  as  the  Company's  horses  earn  purse
     distributions  in  regularly  scheduled  races at licensed  and  sanctioned
     tracks offering  pari-mutuel  wagering,  principally in Florida.  All purse
     distributions  are paid by the race track to the Company at the end of each
     day's racing session.  Concurrent with the receipt of purse  distributions,
     the Company settles all direct track racing expenses for jockey fees, taxes
     and fees and other  direct  costs  incurred at the race track  through it's
     track cash account.



                                       7
<PAGE>

                                 Doblique, Inc.

                          Notes to Financial Statements


Note C - Summary of Significant Accounting Policies - Continued

2.   Revenue Recognition - continued
     -------------------

     Additionally, certain regularly scheduled races are deemed "claiming races"
     whereby any licensed owner or trainer of race horses may claim and purchase
     a participating horse for a predetermined fixed price. In the normal course
     of business,  the Company enters horses in "claiming races".  The resulting
     gain or loss on the sale of a horse,  as a result of a "claiming  race", is
     recognized  at the  settlement  of the sale which  occurs at the end of the
     respective day's racing session.

3.   Livestock
     ---------

     Livestock  is  recorded at  historical  cost.  Depreciation  is provided in
     amounts  sufficient  to  relate  the  asset  cost to  operations  over  the
     estimated useful life of three years using the straight-line method.

     The Company  acquires  livestock either through direct purchase from either
     related or unrelated  parties owning such livestock,  claiming a horse in a
     "claiming  race"  (see  above),  or  at  regularly  scheduled  auctions  of
     thoroughbred horses.

     Gains and/or losses from the  disposition  of livestock  are  recognized as
     incurred and are included in operations.

4.   Organization costs
     ------------------

     In  accordance  with AICPA  Statement of Position  98-5,  "Reporting on the
     Costs of  Start-Up  Activities",  the  Company  has  charged  all  expenses
     associated with the incorporation,  organization and initial capitalization
     of the Company to operations as incurred.

5.   Research and development expenses
     ---------------------------------

     Research and development expenses are charged to operations as incurred.

6.   Advertising expenses
     --------------------

     Advertising and marketing expenses are charged to operations as incurred.


7.   Income taxes
     ------------

     The Company  utilizes  the asset and  liability  method of  accounting  for
     income taxes.

     At June 30, 2002 and  December  31,  2001,  respectively,  the deferred tax
     asset and deferred tax liability accounts,  as recorded when material,  are
     entirely  the  result  of  temporary  differences.   Temporary  differences
     represent  differences in the recognition of assets and liabilities for tax
     and financial reporting purposes,  primarily  accumulated  depreciation and
     amortization.

     As of June 30, 2002 and December 31, 2001,  respectively,  the deferred tax
     asset is related  solely to the Company's net operating  loss  carryforward
     and is fully reserved.

8.   Loss per share
     --------------

     Basic  earnings  (loss) per share is computed  by  dividing  the net income
     (loss) by the weighted-average  number of shares of common stock and common
     stock  equivalents  (primarily  outstanding  options and warrants).  Common
     stock equivalents  represent the dilutive effect of the assumed exercise of
     the  outstanding  stock  options and  warrants,  using the  treasury  stock
     method.  The calculation of fully diluted earnings (loss) per share assumes
     the dilutive effect of the exercise of outstanding  options and warrants at
     either the  beginning  of the  respective  period  presented or the date of
     issuance,   whichever  is  later.    As of  June  30,  2002  and  2001,
     respectively, the Company has no issued and outstanding securities, options
     or warrants  that would be deemed  potentially  dilutive in the current and
     future periods.



                                       8
<PAGE>

                                 Doblique, Inc.

                          Notes to Financial Statements


Note D - Fair Value of Financial Instruments

The carrying amount of cash,  accounts  receivable,  accounts  payable and notes
payable, as applicable,  approximates fair value due to the short term nature of
these items  and/or the current  interest  rates  payable in relation to current
market conditions.


Note E - Amounts due to Shareholder

The Company's sole shareholder  periodically  advances and receives repayment of
funds  loaned to the Company to support  operations,  settle  outstanding  trade
accounts payable and provide working capital.  The net advance is repayable upon
demand and is non-interest bearing.

Note F - Contributed Capital

Executive  management and oversight services are provided to the Company by it's
sole shareholder.  The accompanying  financial  statements reflect  management's
estimate of the estimated fair value of the services  contributed on a quarterly
basis to the  Company  during  each  fiscal  year  based on the time and  effort
required to administer the Company's operations and affairs.


Note G - Income Taxes

The components of income tax (benefit) expense for the six months ended June 30,
2002 and 2001, respectively, are as
follows:

                                                     Six Months       Six Months
                                                       Ended            Ended
                                                      June 30,         June 30,
                                                        2002             2001
                                                     ----------       ----------
    Federal:
      Current                                        $     --               --
      Deferred                                             --               --
                                                     ----------       ----------
                                                           --               --
                                                     ----------       ----------
    State:
      Current                                              --               --
      Deferred                                             --               --
                                                     ----------       ----------
                                                           --               --
                                                     ----------       ----------
    Total                                            $     --               --
                                                     ==========       ==========

As of June 30,  2002,  the  Company has a net  operating  loss  carryforward  of
approximately  $133,000  to offset  future  taxable  income.  Subject to current
regulations,  this  carryforward  will  begin to expire in 2020.  The amount and
availability  of  the  net  operating  loss  carryforwards  may  be  subject  to
limitations set forth by the Internal  Revenue Code.  Factors such as the number
of shares ultimately issued within a three year look-back period;  whether there
is a deemed more than 50 percent change in control; the applicable long-term tax
exempt bond rate;  continuity of historical  business;  and subsequent income of
the  Company  all  enter  into  the  annual   computation  of  allowable  annual
utilization of the carryforwards.


                                       9
<PAGE>

                                 Doblique, Inc.

                          Notes to Financial Statements


Note G - Income Taxes - continued

The Company's  income tax benefit for the quarters ended June 30, 2002 and 2001,
respectively, differed from the statutory federal rate of 34 percent as follows:

                                                             2002        2001
                                                           --------    --------

Statutory rate applied to loss before income taxes         $(17,120)    (11,430)
Increase in income taxes resulting from:
    State income taxes                                         --          --
    Other, including reserve for deferred tax asset          17,120      11,430
                                                           --------    --------

      Income tax expense                                   $   --          --
                                                           ========    ========


Temporary  differences,  consisting primarily of statutory deferrals of expenses
for organizational costs and statutory  differences in the depreciable lives for
property and equipment, between the financial statement carrying amounts and tax
bases of assets and liabilities give rise to deferred tax assets and liabilities
as of June 30, 2002 and 2001, respectively:

                                                            2002        2001
                                                          --------    --------

Deferred tax assets
   Net operating loss carryforwards                       $ 44,200      11,430
   Less valuation allowance                                (44,200)    (11,430)
                                                          --------    --------

      Net deferred tax asset                              $   --          --
                                                          ========    ========


During the six months ended June 30, 2002 and 2001, the reserve for the deferred
current tax asset increased by approximately $7,480 and $9,230, respectively.


                                       10
<PAGE>

Part I - Item 2

Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations


(1)  Caution Regarding Forward-Looking Information

This  quarterly   report  contains   certain   forward-looking   statements  and
information relating to the Company that are based on the beliefs of the Company
or management as well as assumptions made by and information currently available
to  the  Company  or  management.   When  used  in  this  document,   the  words
"anticipate,"   "believe,"   "estimate,"   "expect"  and  "intend"  and  similar
expressions,  as they relate to the Company or its  management,  are intended to
identify forward-looking statements. Such statements reflect the current view of
the  Company   regarding  future  events  and  are  subject  to  certain  risks,
uncertainties  and  assumptions,  including the risks and  uncertainties  noted.
Should  one or more of  these  risks or  uncertainties  materialize,  or  should
underlying assumptions prove incorrect,  actual results may vary materially from
those  described  herein  as  anticipated,   believed,  estimated,  expected  or
intended. In each instance,  forward-looking information should be considered in
light of the accompanying meaningful cautionary statements herein.

(2)  Results of Operations


For the  respective  six month periods ended June 30, 2002 and 2001, the Company
received purse revenues of $33,646 and $25,102.  The Company's  expenses  during
these  corresponding  periods relate  principally  to training and  veterinarian
expenses.  Total net losses for the respective  quarters ended June 30, 2002 and
2001 were  $28,351 and $6,478.  Net loss per share was  approximately  $0.05 and
$0.03 for each six month period.

(3)  Liquidity and Capital Resources

Liquidity for the period from inception  through June 30, 2002 has been provided
by advances from significant shareholders or affiliated entities.

However,  at this time, the Company is fully dependent either on future sales of
securities  or upon  its  current  management  and/or  advances  or  loans  from
significant  stockholders or corporate  officers to provide  sufficient  working
capital to preserve the integrity of the corporate entity during the development
phase.

There is no assurance that the Company will be able to obtain additional funding
through the sales of additional  securities or, that such funding, if available,
will be obtained on terms favorable to or affordable by the Company.

It  is  the  intent  of  management  and  significant  stockholders  to  provide
sufficient  working  capital  necessary to support and preserve the integrity of
the  corporate  entity.  However,  there  is  no  legal  obligation  for  either
management or significant stockholders to provide additional future funding.

The Company has identified no significant  capital  requirements for the current
annual period.  Liquidity requirements mandated by future business expansions or
acquisitions,  if any are specifically identified or undertaken, are not readily
determinable  at this  time as no  substantive  plans  have been  formulated  by
management. Additionally,  management is of the opinion that there is additional
potential  opportunity  for the sale of additional  common stock through  either
private placements or secondary offerings.



                                       11
<PAGE>

Part II - Other Information

Item 1 - Legal Proceedings

     None

Item 2 - Changes in Securities

     None

Item 3 - Defaults on Senior Securities

     None

Item 4 - Submission of Matters to a Vote of Security Holders

     The Company has held no regularly scheduled,  called or special meetings of
shareholders during the reporting period.

Item 5 - Other Information

     On July 23, 2002, the Company was informed by Scott W.  Hatfield,  CPA that
his firm resigned as the Company's independent public accountant.  The auditor's
reports for the two most recent fiscal years included an  explanatory  paragraph
concerning the Company's ability to continue as a going concern.  During the two
most recent  fiscal years and during the interim  period from  December 31, 2001
until July 23, 2002, the Company has not had any disagreements  with the Auditor
on any  matter  of  accounting  principles  or  practices,  financial  statement
disclosure or auditing scope or procedures that would require disclosure in this
current report. During such period, there were no reportable events as described
in Item 304 (a) (1) (v) of Regulation S-K.

     On July  26,  2002,  Registrant  retained  the  accounting  firm of  Parks,
Tschopp,  Whitcomb & Orr, Maitland,  Florida as its independent auditors for the
fiscal year ending  December  31, 2002.  The Board of  Directors  of  Registrant
approved the  selection  of Parks,  Tschopp,  Whitcomb & Orr as new  independent
auditors.  During the Company's two most recent fiscal years ended  December 31,
2001, and the subsequent  interim periods  through the date of this Report,  the
Company did not consult with Parks, Tschopp, Whitcomb & Orr regarding any of the
matters or events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.


     None

Item 6 - Exhibits and Reports on Form 8-K

     Exhibits

     Exhibit 99.1- Certification  Pursuant to 18 U.S.C. Section 1350, as adopted
     pursuant  to  Section  906 of the  Sarbanes-Oxley  Act of 2002 of the Chief
     Executive Officer of the Corporation.

     Exhibit 99.2- Certification  Pursuant to 18 U.S.C. Section 1350, as adopted
     pursuant  to  Section  906 of the  Sarbanes-Oxley  Act of 2002 of the Chief
     Financial Officer of the Corporation.


     Reports on Form 8-K - None

--------------------------------------------------------------------------------


                                   SIGNATURES

     In accordance  with the  requirements  of the Exchange Act, the  registrant
     caused this report to be signed on its behalf by the undersigned, thereunto
     duly authorized.

                                                           DOBLIQUE, INC.


August 7, 2002                                                 /s/ Pam J. Halter
     -----                                                ----------------------
                                                                   Pam J. Halter
                                                          President and Director