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

                                   Form 10-QSB

                             Quarterly Report Under
                       the Securities Exchange Act of 1934

                      For Quarter Ended: March 31, 2002

                         Commission File Number: 0-29987

                               UNITED TRADING.COM
        (Exact name of small business issuer as specified in its charter)

      Nevada                                    88-0106514
      ------                                    ----------
(State  or  other  jurisdiction  of           (IRS  Employer
incorporation  or  organization)          Identification  No.)


                          19762 MacArthur Blvd., # 300
                               Irvine, California
                    (Address of principal executive offices)

                                      92612
                                   (Zip Code)

                                 (949)  553-9660
                                 ---------------
                           (Issuer's Telephone Number)


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


Check  whether  the  issuer  (1)  filed  all  reports  required  to  be filed by
Section13  or  15(d)  of  the Securities Exchange Act of 1934 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  [  ].
    ---     ---

The  number  of shares of the registrant's only class of common stock issued and
outstanding,  as  of  March 31, 2002,  was  5,150,098

                                        1
<PAGE>

                                     PART I

ITEM  1.   FINANCIAL  STATEMENTS.

The  unaudited  financial  statements for the three month period
ended  March 31, 2002,  are  attached  hereto.

                                        2
<PAGE>
<TABLE>
<CAPTION>

                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                                  BALANCE SHEET


                            ASSETS
                            ------
                                                    March 31, 2002    Dec. 31, 2001
                                                      (Unaudited)
                                                      ------------    -------------
<S>                                                   <C>             <C>
CURRENT ASSETS
   Cash. . . . . . . . . . . . . . . . . . . . . . .  $        23         1,590
   Current portion of contacts receivable (Note 2) .            -             -
   Deposits. . . . . . . . . . . . . . . . . . . . .            -             -
                                                      ------------    ----------

Total Current Assets . . . . . . . . . . . . . . . .           23         1,590
                                                      ------------    ----------

PROPERTY AND EQUIPMENT
   Fixed Assets                                                 -             -
                                                      ------------    ----------

      Total Property and Equipment . . . . . . . . .            -             -
                                                      ------------    ----------

OTHER ASSETS . . . . . . . . . . . . . . . . . . . .            -             -
                                                      ------------    ----------

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

      Total Assets . . . . . . . . . . . . . . . . .  $        23         1,590
                                                      ============    ==========


                 Liabilities and Shareholder Equity

CURRENT LIABILITIES
   Accounts payable. . . . . . . . . . . . . . . . .       98,086        55,499
                                                      ------------    ----------
Total Current Liabilities. . . . . . . . . . . . . .       98,086        55,499

OTHER LIABILITIES. . . . . . . . . . . . . . . . . .            -             -

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

                                                           98,086        55,499
                                                      ------------    ----------

STOCKHOLDERS' EQUITY
   Common Stock Par value $0.001 (50,000,000 shares
     authorized, 5,150,098,and 5,150,098 issued
     and outstanding). . . . . . . . . . . . . . . .        5,150         5,150
   Additional Paid-in Capital. . . . . . . . . . . .    1,167,829     1,167,829
   Retained Deficit - accumulated during
      Development Stage. . . . . . . . . . . . . . .   (1,271,043)   (1,226,889)
                                                      ------------    ----------

   Total Stockholders' Equity. . . . . . . . . . . .      (98,063)      (53,909)
                                                      ------------    ----------

      Total Liabilities and
              Stockholders' Equity . . . . . . . . .  $        23         1,590
                                                      ============    ==========


See accompanying notes to financial statements
</TABLE>
                                       3
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<TABLE>
<CAPTION>

                                        UNITED TRADING.COM
                                 (A Development Stage Enterprise)
                                      STATEMENT OF OPERATIONS
                                            (Unaudited)
                                                                                      Inception
                                                  Three months     Three Months    December 31, 1994
                                                     Ended            Ended              Thru
                                                  March 31, 2002   March 31, 2001    March 31, 2002
                                                 ---------------  ---------------  ---------------
<S>                                              <C>              <C>              <C>
REVENUES

   Consulting fees. . . . . . . . . . . . . . .  $            -   $            -   $      544,894
   Sales. . . . . . . . . . . . . . . . . . . .               -                -          770,000
   Interest Income. . . . . . . . . . . . . . .               -                -            3,764
                                                 ---------------  ---------------  ---------------

      Total Revenues. . . . . . . . . . . . . .               -                -        1,318,658

EXPENSES

   General and Administrative . . . . . . . . .          44,154           65,694        1,135,169
   Allowance for Uncollectable Debt . . . . . .               -                -          160,937
   Loss from write-down of software . . . . . .               -                -          538,492
   Loss from write-down of notes receivable . .               -                -          406,067
   Depreciation and Amortization. . . . . . . .               -           32,396          164,508
   Loss from activities of NetBet . . . . . . .               -                -          184,528
                                                 ---------------  ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .          44,154           98,090        2,589,701
                                                 ---------------  ---------------  ---------------

Net Pre-Tax Income (Loss) . . . . . . . . . . .  $      (44,154)  $      (98,090) $    (1,271,043)

   Income Taxes (Note 4). . . . . . . . . . . .               -           24,000                -
                                                 ---------------  ---------------  ---------------

Net Income (Loss) After Taxes . . . . . . . . .  $      (44,154)  $      (74,090)  $   (1,271,043)
                                                 ===============  ===============  ===============

Net Income (loss) per
    Common Share, basic and diluted . . . . . .         ($0.009)  $       (0.014)         ($0.734)
                                                 ===============  ===============  ===============

Weighted Average number of Common
   Shares outstanding, basic and diluted
   adjusted for 1/50 reverse split in 1999,
    3/1 forward spit in October, 2000,
   and 1/8 reverse split in 2001 . . . . . . . .      5,150,098        5,150,098        1,732,378
                                                 ===============  ===============  ===============


See accompanying notes to financial statements

</TABLE>

                                       4
<PAGE>

<TABLE>
<CAPTION>

                                         UNITED TRADING.COM
                                  (A Development Stage Enterprise)
                                      STATEMENT OF CASH FLOWS
                                            (Unaudited)

                                                                                       Inception
                                                   Three Months     three Months       Dec 31, 1994
                                                       Ended            Ended             Thru
                                                  March 31, 2002   March 31, 2001    March 31, 2002
                                                  ---------------  ---------------  ---------------
<S>                                               <C>              <C>              <C>

OPERATING ACTIVITIES
----------------------------------
Net Income (Loss). . . . . . . . . . . . . . . .  $      (44,154)  $      (74,090)     ($1,271,043)
Adjustments to reconcile Net Loss to Cash
      provided (used) by operating activities:
   Depreciation and Amortization . . . . . . . .               -           32,396          140,963
   Loss on disposal of office Furniture & Equip.               -           10,258           15,972
   Loss on write-off of software for license . .               -                -          538,492
   loss on cancellation of notes receivable. . .               -                -          406,067
   Changes in operating assets and liabilities:
   Decrease (increase) in Deferred
      Offering Costs . . . . . . . . . . . . . .               -                -                -
   Increase (decrease) in Accounts Payable . . .          42,588            3,271           98,087
   Increase (decrease) in Income Taxes Payable .               -                -                -
   (Increase) decrease in Receivable from
      Software License Sales . . . . . . . . . .               -           50,000)        (406,067)
   (Increase) decrease in Other Receivables. . .               -           (2,819)               -
   Increase (decrease) in Advance License Fees .               -          (20,362)               -
   (Increase) decrease in Deposits . . . . . . .               -           25,000                -
   Increase (decrease) in Deferred Taxes . . . .               -           24,000                -
                                                  ---------------  ---------------  ---------------

Net cash provided by Operating Activities. . . .          (1,566)            2,473        (477,529)
                                                  ---------------  ---------------  ---------------

INVESTMENT ACTIVAITIES
--------------------------------------
   Decrease (increase) in Property and
      Equipment. . . . . . . . . . . . . . . . .               -                -          (36,318)
   Decrease (increase) in Software for
      License. . . . . . . . . . . . . . . . . .               -          (27,399)        (661,618)
  Decrease (increase) in  Organization Costs . .               -                -           (1,190)
                                                  ---------------  ---------------  ---------------

Net cash (used) by Investment activities . . . .               -          (27,399)        (699,126)
                                                  ---------------  ---------------  ---------------

FINANCING ACTIVITIES
---------------------------------
   Disposal of Office Furniture & Equip. . . . .               -            3,700            3,700
   Increase (decrease) in Common Stock . . . . .               -                -        1,172,979
                                                  ---------------  ---------------  ---------------

Net cash provided by Financing Activities. . . .               -            3,700        1,176,679
                                                  ---------------  ---------------  ---------------

Increase (decrease) in Cash. . . . . . . . . . .          (1,566)         (21,226)           1,590

Cash at Beginning of Period. . . . . . . . . . .           1,590           21,975                -
                                                  ---------------  ---------------  ---------------

Cash at End of Period. . . . . . . . . . . . . .  $           23   $          749   $           23
                                                  ===============  ===============  ===============


See accompanying notes to financial statements

</TABLE>

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<PAGE>


                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2002


NOTE  1  -  Basis  of  Presentation
            ------------------------
The accompanying consolidated balance sheet of United Trading.Com (A Development
Stage  Company) at March 31, 2002, and the consolidated statements of operations
for  the  three  month  period  ended March 31, 2002 and 2001 and the cumulative
period  during the development stage through March 31, 2002 and the statement of
cash  flows  for  three  month  period  ended  March  31,  2002 and 2001 and the
cumulative period during the development stage through March 31, 2002, have been
prepared  by the Company's management and they do not include all information of
the financial position, results of operations, and cash flows in conformity with
generally  accepted  accounting  principles.  In  the opinion of management, all
adjustments  considered  necessary  for  a  fair  presentation of the results of
operations  and  financial  position have been included and all such adjustments
are  of  a normal recurring nature. The unaudited financial statements should be
read in conjunction with the financial statements and footnotes thereto included
in  the  Company's  Form  10-KSB  for  the  year  ended  December  31,  2001.

Operating  results  for  the  three  month  period ended March 31, 2002, are not
necessarily  indicative  of the results that can be expected for the year ending
December  31,  2002.


NOTE  2  -  Contracts Receivable

The  Company  had 2 contacts each outstanding for the licensed use of its casino
and  sports  book  software  at  March  31, 2001. These contracts were cancelled
effective  June  30,  2001 and replaced by a License Agreement calling for 7 1/2
percent  of the net revenues from the Licensee's use of the Software for its own
account  or from any sub-license of the Software. The Company recorded a loss of
$406,067 from the write-off of the contracts in the quarter ended June 30, 2000.
As  of  March  31,  2002,  no  revenues  have been received from the 7 1/2 % net
revenues  license agreement. While the holder of the 7 1/2% net revenues license
agreement  has  reported  an  increase  in  receipts from player activity on its
Internet  site,  there  have  been  no net revenues to date, and there can be no
assurance  that  there  will  ever  be  any  such  net  revenues.

NOTE  3  -  Software for Licensing

The  Company capitalized costs of developing its Software for Licensing as costs
were  incurred,  and  began  amortizing such costs in the final quarter of 2000.
Amortization  was  also taken in the three and six months ended June 30, 2001 in
the  amounts  of  $32,396  and  64,792  respectively. The unamortized balance of
expenditures  for  the development of the Software for Licensing was written off
to  expense  effective June 30, 2001 due to the Company's inability to determine
the  future  worth  of  the 7 1/2 % net revenue license agreement for use of the
Software.


Note  4  -  Income Taxes

The Company recorded $40,000 in deferred income taxes in the year ended December
31, 2000 based on income reported in 2000. Due to losses in the first quarter of
2001, $24,000 of the deferred taxes were reversed in the quarter ended March 31,
2001.


                                        6
<PAGE>


ITEM  2.   MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR
             PLAN  OF  OPERATIONS

The  following  discussion  should  be  read  in  conjunction with the Financial
Statements  and  notes  thereto  included  herein.

The  Company recorded no revenues  for the quarters
ended  March 31, 2002, or 2001 .


In  February  2002,  the  Company  announced an agreement to acquire Quick Draw,
Inc.,  a Nevada corporation, owner of ATM machines located throughout the United
States,  subject  to  completion of due diligence by United Trading. As of March
31, 2002, United Trading was working closely with Quick Draw to complete funding
for  the  first  phase  of  Quick  Draw's  expansion.  In  accordance  with  the
acquisition  agreement,  this  funding  was  to  be  completed  prior  to  the
finalization  of  the acquisition of Quick Draw by United Trading. Quick Draw is
still  in  the  process  of acquiring such financing and is unable to provide an
explicit  date  for  completion.  United  Trading  continues  to be committed to
completing  the acquisition of Quick Draw and has authorized an extension of the
agreement  to  enable  Quick  Draw  to  complete  the  required  financing.


Forward  Looking  Statements

In  connection  with,  and  because  it  desires to take advantage of, the "safe
harbor"  provisions of the Private Securities Litigation Reform Act of 1995, the
Company  cautions  readers  regarding  certain forward looking statements in the
following  discussion  and  elsewhere  in this report and in any other statement
made  by, or on the behalf of the Company, whether or not in future filings with
the  Securities  and  Exchange  Commission.  Forward  looking  statements  are
statements  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 the Company's 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 behalf of, the Company. The Company
disclaims  any  obligation  to  update  forward  looking  statements.


                                        7
<PAGE>

                           PART II. OTHER INFORMATION

ITEM  1.   LEGAL  PROCEEDINGS  -  NONE

ITEM  2.   CHANGES  IN  SECURITIES

     a)  NONE

     b)  NONE

     c)  There  were  no  sales  of  securities  made by  the Company during the
     three  month period ended March 31, 2002.

     d)   None

ITEM  3.   DEFAULTS  UPON  SENIOR  SECURITIES:  -  NONE

ITEM  4.   SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS:  -  none

ITEM  5.   OTHER  INFORMATION  -  NONE

ITEM  6.   EXHIBITS  AND  REPORTS  ON  FORM  8-K  -

     (a)   Exhibits  None

     (b)   Reports  on  Form 8-K:  None


     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.

                              UNITED  TRADING.COM


Date:  April 14,  2002       By:  /James G. Brewer
                                ---------------------------
                                James G. Brewer, President, CEO, CFO and
                                Chief Accounting Officer

                                        8
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