U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

Form 10-QSB
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT 1934
For the First Quarter ending June 30, 2002

GREEN MACHINE DEVELOPMENT CORP,
(Name of small business issuer in its charter)

        FLORIDA                                   65-0594832
(State of  Incorporation )     (I.R.S. Employer Identification Number)

200 MacFarlane Dr., Ste 405, Delray Beach, FL               33483
(Address of principal executive offices)                (Zip Code)

Issuer's telephone number, including area code:   (561) 276-8226

Check whether 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 Requirement for the
past 90 days.  Yes (X)  No (  )

There were 15,000,000 shares of common stock outstanding at June 30, 2002

Transitional Small business Disclosure Format  (Check one):
Yes  _   No _X_

INDEX

PART I - Financial Information
   Item 1.  Financial Statements                                   Page
            Balance Sheets as of March 31, 2002, audited and
              June 30, 2002 unaudited ....................... ........2
            Statements of Operations for the three month
              periods ended June 30, 2002 and 2001    ................3
            Statements of Cash Flows for the three month
              periods ended June 30, 2002 and 2001....................4
            Notes to Financial Statements..................... .......5

   Item 2.  Management's Discussion and Analysis of Plan of Operation.5

   Item 3.  Description of Property...................................6

   Item 6.  Executive Compensation....................................6

PART II -Other Information

   Item 5.  Subsequent Event - Potential Acquisition .................7

Signatures............................................................7

Page 1

<PAGE>
PART I - FINANCIAL INFORMATION

Item 2.   FINANCIAL STATEMENTS

GREEN MACHINE DEVELOPMENT, CORP.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
THREE MONTHS ENDED JUNE 30, 2002
                                   (unaudited)               (audited)
Assets
                                     6/30/02                   3/31/02
Current Assets:
 Cash And Cash Equivalents                  $143                 $ 291
                                            ____              ________
        Total Current Assets                $143                  $291
Other Assets:
 Investment in Real Estate               166,376               166,376
 Organization Cost,
 (net of amortization of $8,000             -0-                    -0-
                                          ______                  ____
       Total other assets                166,376               166,376
                                         _______               _______
Property and equipment (net)                -0-                    -0-
                                         _______               _______

       Total Assets                     $166,519              $166,667
                                         =======               =======
Liabilities & Stockholders' Equity
Current Liabilities
 Loan Payable - related party             61,363                51,393
 Accrued Expense                          12,406                21,123
                                        ________                  ____
        Total Current Liabilities         73,769                72,486
						    ________                ______
Stockholders' Equity
Common Stock, $0.01 par value,
 50,000,000 shares authorized:
 15,000,000 and 11,700,00 shares issued
 and outstanding in 2001 and 2000,
 respectively                             15,000                15,000
Paid-In Capital                          336,155               336,155
Accumulated Deficit during develop-
 ment stage                             (255,105)             (253,674)
                                     ___________            __________
                                          96,050                97,481
 Less Treasury Stock, at Cost             (3,300)               3,300)
                                       _________            __________
 Total Stockholders' Equity               92,750                94,181

        Total Liabilities &
        Stockholders' Equity            $166,519              $163,667
                                         =======               =======
The accompanying notes are an integral part of these financial statements.

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<PAGE>
GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 2002 AND 2001 AND THE
PERIOD COMMENCING August 12, 1996 (INCEPTION) TO JUNE 30, 2002


                                                    Accumulated
                                                    Period From
								     3/12/96 to
                                                     6/30/02
                        2002         2001

Revenue                $0.00        $0.00                $0.00

Operating Expenses      1431          952              255,105
                       _____         _____             _______
Net (loss) before
 provision for income
 taxes                 (1431)        (952)            (255,105)

Provision for income
 taxes                   -0-          -0-                 -0-
                        ____         _____             ________

Net (loss)            ($1431)       ($952)            ($255,105)
                       =====         =====             ========

Earnings (loss) per
 share                 $0,00         $0.00               $0.00
                       =====          ====                ====

Weighted average
 number of shares  15,000,000      11,700,000
                   ==========      ==========

See notes to the financial statements









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<PAGE>
GREEN MANCINE DEVELOPMENT CORP.
(A DEVELOPMENT STATE COMPANY)
STATEMENT OF CASH FLOWS
THREE MONTHS ENDED JUNE 30, 2002 AND 2001 AND THE PERIOD
COMMENCING August 12, 1996
                                                         Accumulated
                                                         Period From
                                                         8/12/96 to
                                  2002         2001      6/30/02
Cash flows from operations
 Net (loss)                     ($1431)       ($952)     ($255,105)

 Adjustments to reconcile net
  loss to net cash provided by
  operating activities:

   Amortization & Depreciation    -0-         591          9,825

   Changes in assets and liabilities:
   Increase / (decrease) in
    accrued expenses            <8,717>       -0-         12,406
                                 _____        ____        ______

   Net cash provided by/(used in)
       operating activities    (10,148)      (361)      (232,874)
                              _________      _____       ________

Cash flows (used) for
 Investing Activities:
  Increase in investment
    in real estate               -0-       (4,400)      (166,376)
                                _____      _______      _________

Cash flows provided by
 (used for) financing
 activities:
 Proceeds from Loans payable-
 related parties (net)         10,000       4,761         61,363

Proceeds from capital
 Contributions                   -0-         -0-         330,030
                               ______       _____        _______
                               10,000        4,761       399,393
                               ______       ______       _______

    Net change in cash          (148)          -0-           143


    Cash - beginning             291           -0-           -0-
                               ______        _____       _______
    Cash - ending               $143         $ -0-          $143
                               ======        =====        ======
See notes to the financial statements.

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<PAGE>
GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STATE COMPANY)
NOTES TO FINANCIAL STATEMENTS
June 30, 2002

NOTE 1  SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION AND OPERATIONS

THE Company was organized under the laws of the State of Florida on May
3,1989.  The Company acts as a management and business consultant and
develops real estate projects.  The Company is in its development stage
and is actively seeking to raise capital to fund its activities.  On
June 17, 1999, the company filed an Amendment to the Articles of
Incorporation to change its name to Green Machine Development Corp.

BASIS OF ACCOUNTING

The Company's policy is to prepare its financial statements using the
accrual basis of accounting in accordance with generally accepted
accounting principles.

USE OF ESTIMATES

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, the 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.

INVESTMENT IN REAL ESTATE

The Company's investment in real estate is stated at cost and related
costs have been capitalized.

FIXED ASSETS

Fixed assets are stated at cost and are depreciated over their
estimated useful lives (5 to 10 years), using the straight-line method
of depreciation.  Expenditures for major renewals and betterments that
extend the useful lives of fixed assets are capitalized.  Expenditures
for maintenance and repairs are charged to expense as incurred.

INCOME TAXES

In February 1992, the Financial Accounting Standards Board issued
Statement on Financial Accounting Standards No. 109.  "Accounting for
Income Taxes."  Under SFAS no. 109. Deferred assets and liabilities are
recognized for the estimated future tax consequences attributable to
differences between the financial statement carrying amounts of
existing assets and liabilities and their respective basis.

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<PAGE>
In accordance with FASB 109 due to the uncertainty of future operating
profits the company has taken a 100% valuation allowance against the
tax benefits resulting from the approximate $250,000 of net operating
losses.

NOTE 2  PROPERTY, PLANT AND EQUIPMENT

Fixed assets are comprised of:

     Computer equipment                          $1,825    $1,825
     Less: accumulated equipment                 (1,825)   (1,825)
                                                  _____     _____
        Net fixed assets                         $  -0-    $  -0-
                                                  =====     =====

NOTE 3  LOAN PAYABLE - RELATED PARTY

The Company has received funding primarily for its real estate
investing from a related party.  The loan is currently non-interest
bearing and is unsecured.

NOTE 4  CAPITAL TRANSACTIONS

On April 17, 1990, the Company received a letter of effectiveness from
the Securities and Exchange Commission for its registration pursuant to
the SB-1 filing.  The underwriting of its public common stock was
unsuccessful, but 170,000,000 shares of its common stock were issued to
the organizing group.

On April 16, 1996, the Company recapitalized by reducing its authorized
stock from 500,000,000 shares; .0001 par value to 50,000,000 shares;
..001 par value.  Pursuant to corporate resolution dated April 16, 1996,
the Company approved a reverse split of its common stock 100 to 1.
Effectively, the 170,000,000 shares outstanding was reduced to
1,700,000 shares.

On August 12, 1996, the Company issued 15,000,000 shares to acquire
100% of the outstanding common shares of Viva International Products,
Inc. via a stock for stock exchange.  On September 5, 1996, the Company
changed its name to Viva Golf Manufacturing, Inc.

On December 10, 1996, the Board of Directors approved a resolution
whereby five million shares held by a principal shareholder was retired
in order to induce investment financing.

On June 17, 1999, Viva Golf Manufacturing, Inc. accepted as a capital
contribution all the issued and outstanding stock of Green Machine
Management Corp. (Florida Corporation).  The Company Green Machine
Management Corp. became a wholly-owned subsidiary.  On the same date
the Company filed an Amendment to the Articles of Incorporation for a
name change to Green Machine Development Corp.



Page 6

<PAGE>
In June 2000, the Company distributed two parcels of real estate, book
value of $238,107, the first was subject to an underlying mortgage of
$25,000 to its wholly-owned subsidiaries Green Machine Management Corp.
and the second to Mercard Credit Services Corp. by an exchange of
stock.  The loan payable to a related party was capitalized as
additional paid in capital of $336,155.

In January 2001, the Company entered into a proposed letter of intent
with APARACOR International, Inc.  As part of the business arrangement
3,300,000 shares of common stock was issued.  This stock was returned
when the business acquisition was not realized.

NOTE 5   STOCK OPTION PLAN

On September 15, 2001, the Company approved a stock option for its
CEO/President for 100,000 shares of common stock @ $1.00 per share for
the year ended March 31, 2002 and for the CEO/President and its two
Corporate Directors for 150,000 shares of common stock each @ $1.50 per
share for the year ended March 31, 2003.  No options have been
exercised as of March 31, 2002.


ITEM 2:   MANAGEMENT'S DISCUSSION AND ANALYSIS OF PLAN OF OPERATION

At the end of the First Quarter the Company's cash is nearly depleted
and the assets totaled $166,519.  The Company depended on continued
Shareholder Loans, which increased to $61,363, for operating capital.

The Company has been in dispute with the Building Official of the Town
of Ocean Ridge for over a year.  Subdivision and plot layouts for the
development of two luxury homes were previously approved by the
previous officials and initially by the present Manager.  After the
Company completed construction plans and executed a contract with the
former Director Jack Brehm, the Town then changed its position after
an adjacent neighbor complained of the loss of view which was not there
prior to the clearing and filling of the lots.  However, that manager
recently resigned and the Town lost a case with similar issues.  The
Company has been informed by Appellate Counsel that settlement talks
are scheduled in mid August with Town Counsel and he expects to resolve
the disputed reversal of their initial approval within 60 days.

The Company appealed the Building Official's decision to the local
Board, which was unanimously upheld the Staff.  An appeal to the Circuit
Court was filed and the Town failed to provide a proper order.  The
Company was forced to file for a Court Order requiring an answer to the
Appeal which was delayed until late January 2002.  The Company may
still pursue the Variance Application which has been filed and
postponed indefinitely by the former Attorney, since it was based on the
same issue as in the recent lawsuit lost by the Town.

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<PAGE>
There were no revenues in the three month period ending 06/30/2002 nor
were there revenues in the corresponding 2000 period.  Total operating
expenses was about $10,000 in the first quarter.  The expenses were
financed through additional Shareholder loans, now totaling over
$60,000.

The Company will require sales deposits, construction/permanent
financing for development and loans from shareholders
to sustain operations.  The Company and will continue to plan the
development of real estate and consider acquisition of other real
estate, especially with revenues.


PLAN OF OPERATION

In May 2002 the Company announced the contemplated acquisition of Micel
Wireless Corp of Miami, however, adequate financial statements,
documentation and a definitive contract were never received.  The
Company announced the cancellation of negotiations with Micel June 25,
2002 and the same news release revealed a L.O.I. to try to acquire the
Golf Place at Altamonte and The Golf Place Bar and Grill.

The Company is continuing the "due diligence" and attempting to finance
this acquisition.  The Golf Place operates a class sports /
entertainment facility which includes a golf driving range, miniature
golf, practice greens and pitching bunkers.  Additionally, there are
batting cases and pitching mounds for baseball and softball practice.
A fully equipped bar and restaurant with a game room is operated by the
associated company.

The facility is located on over 17 acres of land close to I-4 about 10
miles north end of Orlando, Florida.  The Company expects to develop
plans and obtain approvals for a mixed commercial retail and
residential project containing 5 or 6 mid-rise buildings.  The value of
the land is expected to double or triple and the Company could
sell the property, joint venture or develop it internally.

GMCD also had a contract to purchase another parcel just north of the
owned lot on the ICW which may be re-subdivided into 3 lots; two of
which will also be on the ICW.  The contract had a closing date of July
2000, however, the Seller may have breached the contract which is now
in dispute.  The Seller indicated that they were still willing to close
if they were paid more money.  The Company offered to close for less
money than originally contracted due to the Sellers' failure to
disclose material facts.  The Company continues to meet with the Seller
and hopes to resolve the matter amicably.

The Company plans to sell the owned lot to another Purchaser and
contract to build a luxury home.  The proceeds from the sale/exchange
of the lot should be sufficient to close the purchase contract (in
dispute) for the additional lots.  Management is confident that loans
can be arranged for any increased settlement or shortfall in the
acquisition of the additional land.

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<PAGE>
The Company will distribute a Shareholder stock dividend from the
spinoff of the other subsidiary, Green Machine Management,
Corp.(GMMC)upon receipt of a legal opinion which may require a
Registration.  The dividend was effective to Shareholders of record on
June 30, 2000.  GMMC held title to real estate in Delray Beach, which
was suitable for a townhouse development.  GMMC also assumed the
$25,000 balance of the purchase money mortgage and the unpaid real
estate taxes.

ITEM 3.  DESCRIPTION OF PROPERTY

The Company has title to a vacant lot without any major encumbrances,
located on the Intracoastal Waterway (ICW), Ocean Ridge, in central
Palm Beach County, Florida.  Mercard Credit Services, Corp., a former
subsidiary, has agreed to joint venture the development of the adjacent
lot with the Company.  The lots are suitable for luxury homes
containing approximately 4,300 sq. ft. each, expected to sell for about
$1.8 million.

ITEM 6.  EXECUTIVE COMPENSATION (See 8-K)

At a September 25, 2001, meeting of the Board of Directors two new
members were elected, James L. Schmidt and Jerome Sanzone.  The Board
also approved a Stock Option Plan for the Directors, as follows:

Page 8
<PAGE>
For FYE  03/31/2003   June-Ann Fox   100,000 shares at $1.00 per share
For FYE  03/31/2003   All three Directors  100,000 shares at $1.50 per
                      share

PART II - OTHER INFORMATION

ITEM 5.  SUBSEQUENT EVENT

The Company is attempting to finance the acquisition of an operating
Sports/Entertainment Center on over 17 acres of land.  The Company will
plan the redevelopment of the parcel, if it obtains the required
financial commitment and completes the acquisition.

The Company again considered several acquisitions during the first
quarter.  However, the target companies did not provide "audited"
Financial Statements and other documentation that was agreed upon.  The
Company continues to review financial statements and business plans and
has identified several qualified targets for acquisition.









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<PAGE>
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.

                                    Green Machine Development, Corp.
                                    Registrant)

                                    /s/ June-Ann Fox
July 31, 2002                       June-Ann Fox
                                    Chief Executive Officer





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