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 May 31, 2001

            TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF THE SECURITIES
---------   EXCHANGE ACT OF 1934
                      For the transition period from ____________ to ___________

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


                        Commission File Number: 000-30779
                                                ---------

                             Shimoda Resources, Inc.
        (Exact name of small business issuer as specified in its charter)

         Nevada                                                 75-2843787
------------------------                                ------------------------
(State of incorporation)                                (IRS Employer ID Number)

                     211 West Wall Street, Midland, TX 79701
                     ---------------------------------------
                    (Address of principal executive offices)

                                 (915) 682-1761
                                 --------------
                           (Issuer's telephone number)

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


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


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:  July 18, 2001: 5,000,000
                                           ------------------------

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



<PAGE>

                             Shimoda Resources, Inc.

                 Form 10-QSB for the Quarter ended May 31, 2001

                                Table of Contents


                                                                            Page
                                                                            ----
Part I - Financial Information

  Item 1   Financial Statements                                               3

  Item 2   Management's Discussion and Analysis or Plan of Operation         10


Part II - Other Information

  Item 1   Legal Proceedings                                                 11

  Item 2   Changes in Securities                                             11

  Item 3   Defaults Upon Senior Securities                                   11

  Item 4   Submission of Matters to a Vote of Security Holders               11

  Item 5   Other Information                                                 11

  Item 6   Exhibits and Reports on Form 8-K                                  11


Signatures                                                                   11








                                                                               2

<PAGE>
<TABLE>
<CAPTION>

Item 1 - Part 1 - Financial Statements

                             Shimoda Resources, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)
                                 Balance Sheets
                              May 31, 2001 and 2000

                                   (Unaudited)

                                                             May 31,     May 31,
                                                              2001        2000
                                                             --------    --------
<S>                                                          <C>         <C>
                                     ASSETS
                                     ------
Current assets
   Cash on hand and in bank                                  $    713    $  7,294
                                                             --------    --------

   Total Assets                                              $    713    $  7,294
                                                             ========    ========



                      LIABILITIES AND SHAREHOLDERS' EQUITY
                      ------------------------------------
Liabilities
   Current liabilities
     Accounts payable - trade                                $   --      $    434
                                                             --------    --------

   Total Liabilities                                             --           434
                                                             --------    --------


Commitments and contingencies


Shareholders' equity (deficit)
   Common stock - $0.001 par value
     100,000,000 shares authorized
     5,000,000 shares issued and outstanding                    5,000       5,000
   Additional paid-in capital                                  56,145      56,145
   Accumulated deficit                                        (60,366)    (54,285)
                                                             --------    --------

   Total Shareholders' Equity (Deficit)                           779       6,860
                                                             --------    --------

   Total Liabilities and Shareholders' Equity                $    779    $  7,294
                                                             ========    ========

</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.
                                                                               3

<PAGE>
<TABLE>
<CAPTION>

                             Shimoda Resources, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)
                Statements of Operations and Comprehensive Income
                Nine and Three months ended May 31, 2001 and 2000

                                   (Unaudited)

                                           Nine months    Nine months    Three months   Three months
                                              ended          ended          ended          ended
                                             May 31,        May 31,        May 31,        May 31,
                                               2001           2000           2001           2000
                                           -----------    -----------    -----------    -----------
<S>                                        <C>            <C>            <C>            <C>
Revenues                                   $      --      $      --      $      --      $      --
                                           -----------    -----------    -----------    -----------

Expenses
   General and administrative expenses           5,992          2,112          5,938            159
                                           -----------    -----------    -----------    -----------

     Total operating expenses                    5,992          2,112          5,938            159
                                           -----------    -----------    -----------    -----------

Loss from Operations                            (5,992)        (2,112)        (5,938)          (159)

Other income
   Interest income                                 134            148             22             61
                                           -----------    -----------    -----------    -----------

Income (Loss) before
   provision for income taxes                   (5,858)        (1,964)        (5,916)           (98)

Provision for Income Taxes                        --             --             --             --
                                           -----------    -----------    -----------    -----------

Net Income (Loss)                               (5,858)        (1,964)        (5,916)           (98)

Other Comprehensive Income                        --             --             --             --
                                           -----------    -----------    -----------    -----------

Comprehensive Income (Loss)                $    (5,858)   $    (1,964)   $    (5,916)   $       (98)
                                           ===========    ===========    ===========    ===========


Earnings (Loss) per share of common
   stock outstanding computed on net
   income - basic and fully diluted                nil            nil            nil            nil
                                           ===========    ===========    ===========    ===========

Weighted-average number of shares
   outstanding - basic and fully diluted     5,000,000      4,591,241      5,000,000      5,000,000
                                           ===========    ===========    ===========    ===========

</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>
<TABLE>
<CAPTION>

                             Shimoda Resources, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)
                            Statements of Cash Flows
                     Nine months ended May 31, 2001 and 2000

                                   (Unaudited)

                                                            Nine months    Nine months
                                                               ended          ended
                                                              May 31,        May 31,
                                                                2001           2000
                                                            -----------    -----------
<S>                                                         <C>            <C>
Cash Flows from Operating Activities
   Net income (loss) for the period                         $    (5,858)   $    (1,964)
   Adjustments to reconcile net loss
     to net cash provided by operating activities
       Contributed capital to support operations                   --            1,145
       Increase (Decrease) in
         Accounts payable - trade                                  (788)        (1,887)
                                                            -----------    -----------

Net cash used in operating activities                            (6,646)        (2,706)
                                                            -----------    -----------


Cash Flows from Investing Activities                               --             --
                                                            -----------    -----------


Cash Flows from Financing Activities
   Proceeds from private placement of common stock                 --           10,000
                                                            -----------    -----------

Net cash provided by financing activities                          --           10,000
                                                            -----------    -----------

Increase (Decrease) in Cash                                      (6,646)         7,294

Cash at beginning of period                                       7,359           --
                                                            -----------    -----------

Cash at end of period                                       $       713    $     7,294
                                                            ===========    ===========


Supplemental Disclosure of Interest and Income Taxes Paid
     Interest paid for the year                             $      --      $      --
                                                            ===========    ===========
     Income taxes paid for the year                         $      --      $      --
                                                            ===========    ===========

</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.
                                                                               5

<PAGE>

                             Shimoda Resources, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)

                          Notes to Financial Statements


Note A - Organization and Description of Business

Shimoda Resources, Inc. (Company) was incorporated as ElPlata Mining Corporation
under the laws of the State of Nevada on  February  23,  1973 and  restated  its
Articles  of  Incorporation  on  September  30,  1999.  The  September  30, 1999
restatement changed the Company's authorized number of shares from 20,000,000 to
100,000,000  and  changed the stated par value per share from $0.05 per share to
$0.001  per  share  and  changed  the  Company's   corporate   name  to  ElPlata
Corporation. In anticipation of a proposed transaction,  the Company changed its
corporate name to Shimoda Resources, Inc. in April 2001. The effect of all these
actions is reflected in the  accompanying  financial  statements as of the first
day of the first period presented.

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

The Company's initial activities were to have quiet and exclusive  possession of
the unpatented  lode mining claims on certain  property  located in Elko County,
Nevada, together with a right to examine,  sample, drill, develop, mine, extort,
process and market from the claims all of the metal ores, minerals and materials
of  whatsoever   nature  or  sort,  except  oil  and  gas.  These  efforts  were
unsuccessful  and were  abandoned  prior to August 31,  1989,  at which time the
Company became dormant.

The Company has had no operations,  assets or liabilities  since its fiscal year
ended August 31, 1990.  Accordingly,  the Company is dependent  upon  management
and/or  significant  shareholders  to  provide  sufficient  working  capital  to
preserve the integrity of the corporate entity at this time. It is the intent of
management and significant  shareholders to provide  sufficient  working capital
necessary to support and preserve the integrity of the corporate entity.

During interim periods, the Company follows the accounting policies set forth in
its annual  audited  financial  statements  filed with the U. S.  Securities and
Exchange  Commission  on its  Annual  Report on Form  10-KSB  for the year ended
August 31,  2000.  The  information  presented  within these  interim  financial
statements  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
when reviewing the interim financial results presented herein.

In the opinion of management,  the accompanying  interim  financial  statements,
prepared in  accordance  with the U. S.  Securities  and  Exchange  Commission's
instructions   for  Form  10-QSB,   are   unaudited  and  contain  all  material
adjustments,  consisting  only of  normal  recurring  adjustments  necessary  to
present fairly the financial condition,  results of operations and cash flows of
the Company for the respective  interim  periods  presented.  The current period
results of operations are not necessarily indicative of results which ultimately
will be reported for the full fiscal year ending August 31, 2001.

The preparation of financial  statements in conformity  with generally  accepted
accounting principles 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 financial  statements and
the  reported  amounts of revenues  and expenses  during the  reporting  period.
Actual results could differ from those estimates.



                                                                               6

<PAGE>

                             Shimoda Resources, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)

                    Notes to Financial Statements - Continued


Note B - Summary of Significant Accounting Policies

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

     For  Statement of Cash Flows  purposes,  the Company  considers all cash on
     hand  and  in  banks,  including  accounts  in  book  overdraft  positions,
     certificates of deposit and other highly-liquid investments with maturities
     of three months or less, when purchased, to be cash and cash equivalents.

2.   Income Taxes
     ------------

     The Company uses the asset and liability  method of  accounting  for income
     taxes. At May 31, 2001 and 2000,  respectively,  the deferred tax asset and
     deferred tax liability accounts, as recorded when material to the financial
     statements,  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, allowance for doubtful accounts and vacation
     accruals.

3.   Income (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 May 31, 2001 and 2000,  respectively,
     the Company  has no  outstanding  stock  warrants,  options or  convertible
     securities  which could be  considered as dilutive for purposes of the loss
     per share calculation.


Note C - 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 D - Common Stock Transactions

On September 29, 1999, the Company sold 4,000,000  shares of common stock to the
Company's  President  pursuant to an  exemption  from  registration  pursuant to
Section 4(2) of The Securities Act of 1933, as amended, for $10,000 cash.




                                                                               7

<PAGE>

                             Shimoda Resources, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)

                    Notes to Financial Statements - Continued


Note E - Income Taxes

The components of income tax (benefit) expense for the nine months ended May 31,
2001 and 2000, respectively, are as follows:
                                                      Nine months   Nine months
                                                         ended         ended
                                                        May 31,       May 31,
                                                         2001          2000
                                                      -----------   -----------
       Federal:
         Current                                           $    -        $    -
         Deferred                                               -             -
                                                           ------        ------
                                                                -             -
                                                           ------        ------
       State:
         Current                                                -             -
         Deferred                                               -             -
                                                           ------        ------
                                                                -             -
                                                           ------        ------
         Total                                             $    -        $    -
                                                           ======        ======

As of May 31,  2001,  the  Company  has a net  operating  loss  carryforward  of
approximately  $8,700  to offset  future  taxable  income.  Subject  to  current
regulations,  this  carryforward  will  begin to expire in 2019.  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.

The  Company's  income tax expense  for the nine  months  ended May 31, 2001 and
2000, respectively, are as follows:
                                                      Nine months   Nine months
                                                          ended         ended
                                                         May 31,       May 31,
                                                          2001          2000
                                                      -----------   -----------
Statutory rate applied to loss before income taxes        $(1,992)      $  (668)
Increase (decrease) in income taxes resulting from:
    State income taxes                                          -             -
    Other, including reserve for deferred tax asset         1,992           668
                                                           ------        ------

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




                                                                               8
<PAGE>

                             Shimoda Resources, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)

                    Notes to Financial Statements - Continued


Note E - Income Taxes - Continued

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 May 31, 2001 and 2000, respectively:
                                                          May 31,      May 31,
                                                           2001         2000
                                                        ----------   ----------
       Deferred tax assets
         Net operating loss carryforwards                   $2,974       $  982
         Less valuation allowance                           (2,974)        (982)
                                                             -----        -----

       Net Deferred Tax Asset                               $    -       $    -
                                                             =====        =====


                (Remainder of this page left blank intentionally)







                                                                               9

<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)  Plan of Operation, Results of Operations, Liquidity and Capital Resources

Shimoda  Resources,  Inc.  (Company)  intends to continue  its plan of seeking a
suitable  merger or  acquisition  candidate.  In order to do so, it will require
additional  capital to pay ongoing expenses,  including  particularly  legal and
accounting fees incurred in conjunction  with  preparation and filing of various
required periodic reports to the U. S. Securities and Exchange Commission.

In  September  1999,  the Company sold  4,000,000  shares of common stock to the
Company's  President  pursuant to an  exemption  from  registration  pursuant to
Section 4(2) of The Securities Act of 1933, as amended,  for $10,000 cash. These
funds were used to pay various administrative  operating expenses of the Company
through the period ended November 2000.

The Company has engaged in no significant  operations other than  organizational
activities  and  preparation  for  registration  of  its  securities  under  the
Securities Exchange Act of 1934, as amended, since August 31, 1989.

For the nine  months  ended May 31,  2001 and 2000,  respectively,  the  Company
incurred net  operating  losses as a result of expenses  principally  associated
with registration and compliance with reporting obligations under The Securities
Exchange Act of 1934,  and other  administrative  expenses  associated  with the
maintenance of the Company's issued and outstanding  stock records.  The Company
anticipates  that until a business  combination is completed with an acquisition
candidate,  it will not  generate  revenues.  The Company  may also  continue to
operate at a loss after  completing a business  combination,  depending upon the
performance of the acquired business.

It  is  the  intent  of  management  and  significant  stockholders  to  provide
sufficient  working  capital to preserve the integrity of the corporate  entity,
however,  there are no commitments to provide additional funds have been made by
management  or other  stockholders,  and the  Company  has no plans,  proposals,
arrangements  or  understandings  with  respect  to  the  sale  or  issuance  of
additional  securities  prior  to  the  location  of  a  merger  or  acquisition
candidate. Accordingly, there can be no assurance that any additional funds will
be available to the Company to allow it to cover its  expenses.  Notwithstanding
the forgoing,  to the extent that  additional  funds are  required,  the Company
anticipates  receiving  such  funds in the  form of  advancements  from  current
shareholders  without  issuance of  additional  shares or other  securities,  or
through the private  placement of  restricted  securities  rather than through a
public offering.  The Company does not currently contemplate making a Regulation
S offering.

Regardless of whether the  Company's  cash assets prove to be inadequate to meet
the Company's  operational needs, the Company might seek to compensate providers
of services by issuances of stock in lieu of cash.



                                                                              10

<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

   None

Item 5 - Other Information

   In  April  2001,  the  Company   changed  its  corporate  name  from  ElPlata
   Corporation to Shimoda Resources, Inc.

Item 6 - Exhibits and Reports on Form 8-K

   Exhibits - None
   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.

                                                         Shimoda Resources, Inc.


July    18   , 2001                                 /s/ Glenn A. Little
     --------                         ------------------------------------------
                                                                 Glenn A. Little
                                             President, Chief Executive Officer,
                                           Director and Chief Accounting Officer




                                                                              11