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: June 30, 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.)


                              1820 Bison, B-9-529
                           Newport Beach, California
                    (Address of principal executive offices)

                                      92660
                                   (Zip Code)

                                 (949)  451-4518
                                 ---------------
                           (Issuer's Telephone Number)

Former Address:
                          19762 MacArthur Blvd., # 300
                            Irvine, California, 92612
               --------------------------------------------------
               --------------------------------------------------
              (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  June 30, 2002,  was  5,300,098

                                        1
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                                     PART I

ITEM  1.   FINANCIAL  STATEMENTS.

The  unaudited  financial  statements for the three and six month periods
ended  June 30, 2002,  are  attached  hereto.

                                        2
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<TABLE>
<CAPTION>

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


                            ASSETS
                            ------
                                                    June 30, 2002    Dec. 31, 2001
                                                     (Unaudited)
                                                      ------------    -------------
<S>                                                   <C>             <C>
CURRENT ASSETS
   Cash. . . . . . . . . . . . . . . . . . . . . . .  $         -         1,590
   Current portion of contacts receivable (Note 2) .            -             -
   Deposits. . . . . . . . . . . . . . . . . . . . .            -             -
                                                      ------------    ----------

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

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

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

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

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

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


                 Liabilities and Shareholder Equity

CURRENT LIABILITIES
   Accounts payable. . . . . . . . . . . . . . . . .      103,798        55,499
                                                      ------------    ----------
Total Current Liabilities. . . . . . . . . . . . . .      103,798        55,499

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

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

                                                          103,798        55,499
                                                      ------------    ----------

STOCKHOLDERS' EQUITY
   Common Stock Par value $0.001 (50,000,000 shares
     authorized, 5,150,098,and 5,300,098 issued
     and outstanding). . . . . . . . . . . . . . . .        5,600         5,150
   Additional Paid-in Capital. . . . . . . . . . . .    1,194,679     1,167,829
   Retained Deficit - accumulated during
      Development Stage. . . . . . . . . . . . . . .   (1,303,777)   (1,226,889)
                                                      ------------    ----------

   Total Stockholders' Equity. . . . . . . . . . . .     (103,798)      (53,909)
                                                      ------------    ----------

      Total Liabilities and
              Stockholders' Equity . . . . . . . . .  $         -         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)

                                                  Three months     Three Months
                                                     Ended            Ended
                                                 June 30, 2002    June 30, 2001
                                                 ---------------  ---------------  ---------------
<S>                                              <C>              <C>
REVENUES

   Consulting fees. . . . . . . . . . . . . . .  $            -   $            -
   Sales. . . . . . . . . . . . . . . . . . . .               -                -
   Interest Income. . . . . . . . . . . . . . .               -                -
                                                 ---------------  ---------------

      Total Revenues. . . . . . . . . . . . . .               -                -

EXPENSES

   General and Administrative . . . . . . . . .          32,735            5,091
   Allowance for Uncollectable Debt . . . . . .               -                -
   Loss from write-down of software . . . . . .               -          538,492
   Loss from write-down of notes receivable . .               -          406,067
   Depreciation and Amortization. . . . . . . .               -           32,396
   Loss from activities of NetBet . . . . . . .               -                -
                                                 ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .          32,735          966,046
                                                 ---------------  ---------------

Net Pre-Tax Income (Loss) . . . . . . . . . . .  $      (32,735)  $     (982,046)

   Income Taxes (Note 4). . . . . . . . . . . .               -           16,000
                                                 ---------------  ---------------

Net Income (Loss) After Taxes . . . . . . . . .  $      (32,735)  $     (966,046)  )
                                                 ===============  ===============

Net Income (loss) per
    Common Share, basic and diluted . . . . . .         ($0.006)  $       (0.188)
                                                 ===============  ===============

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 . . . . . . . .      5,377,571        5,150,368
                                                 ===============  ===============


See accompanying notes to financial statements

</TABLE>
                                       4
<PAGE>


<TABLE>
<CAPTION>

                                        UNITED TRADING.COM
                                 (A Development Stage Enterprise)
                                      STATEMENT OF OPERATIONS
                                            (Unaudited)
                                                                                      Inception
                                                   Six months       Six Months     December 31, 1994
                                                     Ended            Ended              Thru
                                                 June 30, 2002    June 30, 2001      June 30, 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 . . . . . . . . .          76,889           70,785        1,184,404
   Allowance for Uncollectable Debt . . . . . .               -                -          160,937
   Loss from write-down of software . . . . . .               -          538,492          538,492
   Loss from write-down of notes receivable . .               -          406 067          406,067
   Depreciation and Amortization. . . . . . . .               -           64,792          164,508
   Loss from activities of NetBet . . . . . . .               -                -          184,528
                                                 ---------------  ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .          76,889        1,080,136        2,638,936
                                                 ---------------  ---------------  ---------------

Net Pre-Tax Income (Loss) . . . . . . . . . . .  $      (76,889)  $   (1,080,136) $    (1,320,278)

   Income Taxes (Note 4). . . . . . . . . . . .               -           40,000                -
                                                 ---------------  ---------------  ---------------

Net Income (Loss) After Taxes . . . . . . . . .  $      (76,889)  $   (1,040,136)  $   (1,320,278)
                                                 ===============  ===============  ===============

Net Income (loss) per
    Common Share, basic and diluted . . . . . .         ($0.015)  $       (0.202)         ($0.714)
                                                 ===============  ===============  ===============

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 . . . . . . . .      5,264,463        5,150,368        1,884,355
                                                 ===============  ===============  ===============


See accompanying notes to financial statements

</TABLE>

                                       5
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<TABLE>
<CAPTION>

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

                                                                                       Inception
                                                    Six Months       Six Months       Dec 31, 1994
                                                       Ended            Ended             Thru
                                                   June 30, 2002    June 30, 2001     June 30, 2002
                                                  ---------------  ---------------  ---------------
<S>                                               <C>              <C>              <C>

OPERATING ACTIVITIES
----------------------------------
Net Income (Loss). . . . . . . . . . . . . . . .  $      (76,889)  $   (1,040,136)  $   (1,285,778)
Adjustments to reconcile Net Loss to Cash
      provided (used) by operating activities:
   Depreciation and Amortization . . . . . . . .               -           64,792          140,963
   Loss on disposal of office Furniture & Equip.               -           10,258           15,972
   Loss on write-off of software for license . .               -          538,492          538,492
   loss on cancellation of notes receivable. . .               -          406 067          406,067
   Changes in operating assets and liabilities:
   Decrease (increase) in Deferred
      Offering Costs . . . . . . . . . . . . . .               -                -                -
   Increase (decrease) in Accounts Payable . . .          48,299                -          103,798
   (Increase) decrease in Receivable from
      Software License Sales . . . . . . . . . .               -          133,933         (406,067)
   Increase (decrease) in Advance License Fees .               -          (91,300)               -
   (Increase) decrease in Deposits . . . . . . .               -           25,000                -
   Increase (decrease) in Deferred Taxes . . . .               -          (40,000)               -
                                                  ---------------  ---------------  ---------------

Net cash provided by Operating Activities. . . .         (28,590)            7,106        (486,553)
                                                  ---------------  ---------------  ---------------

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 . . . . .          27,000                -        1,181,979
                                                  ---------------  ---------------  ---------------

Net cash provided by Financing Activities. . . .          27,000            3,700        1,185,679
                                                  ---------------  ---------------  ---------------

Increase (decrease) in Cash. . . . . . . . . . .          (1,590)         (16,594)               -

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

Cash at End of Period. . . . . . . . . . . . . .  $            -   $        5,381   $            -
                                                  ===============  ===============  ===============


See accompanying notes to financial statements

</TABLE>

                                        6
<PAGE>


                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2002


NOTE  1  -  Basis  of  Presentation
            ------------------------
The accompanying consolidated balance sheet of United Trading.Com (A Development
Stage  Company)  at June 30, 2002, and the consolidated statements of operations
for  the  three  and  six  month  periods  ended  June 30, 2002 and 2001 and the
cumulative  period  during  the  development stage through June 30, 2002 and the
statement  of cash flows for three and six month periods ended June 30, 2002 and
2001  and  the  cumulative  period during the development stage through June 30,
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  six  month  period  ended  June  30, 2002, are not
necessarily  indicative  of the results that can be expected for the year ending
December  31,  2002.


NOTE  2  -  Contracts Receivable

In  the quarter ended June 30, 2001, the company cancelled two contacts each for
the  licensed  use  of its casino and sports book software. These contracts were
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, 2001. As of June 30,
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 six month period
ended  June  30,  2001,  $40,000  of the deferred taxes were reversed in the six
month  period  ended  March  31,  2001.


                                        7
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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 three or six month periods ended June
30, 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 June 30,
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. As of June 30, 2002, 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. While the
Company  has  received  assurances  from  investor groups that financing will be
available in the near future, there can be no assurance that such financing will
in  fact  be  received by Quick Draw, and if such financing is not received, the
acquisition will not be completed. The Company has however continued to research
other  alternative  acquisition/merger  candidates  and will aggressively pursue
such  alternatives  in the event the Quick Draw acquisition is not completed, or
to  complement  the  Quick  Draw  acquisition  if  completed.


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.


                                        8
<PAGE>

                           PART II. OTHER INFORMATION

ITEM  1.   LEGAL  PROCEEDINGS  -  NONE

ITEM  2.   CHANGES  IN  SECURITIES

     a)  NONE

     b)  NONE

     c)  The  following  is  a  summary  of the information required for all the
sales  of  unregistered  securities  by  Registrant  for  the  reporting  period
January  1,  through  June  30,  2002.


During  the  period  January  1,  to  March 31, 2002, there were no sales of the
Company's  securities.

During  the  quarter  ended  June 30, 2002 450,000 shares of common stock of the
Company  were  issued at a price of $0.06 per share. All such shares were issued
without  registration  pursuant to the exemption from registration under Section
4(2)-33  of  the  Securities Act of 1933. The shares were issued to Ellshay, LLC
(150,000)  as  compensation  for  investor relation services, and to BFI Limited
(300,000)  to  replace  shares  transferred  to  Ellshay  from  BFI  in  partial
satisfaction  of  the Company's obligations. The shares issued by the Company to
Ellshay  and  BFI  contain certain restrictive legends as to future sales of the
stock.

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

                                        9
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