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

S.E.C. File #333-6388

Form 10-KSB

ANNUAL REPORT UNDER SECTION 15 OR 15 (d) OF THE SECURITIES EXCHANGE
ACT OF 1934
Fiscal Year ended March 31, 2003


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

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

      118 Queen Elizabeth Court, Ft. Pierce, FL             34949
Formerly: 200 MacFarlane Dr., Ste 405, Delray Beach, FL     33483
(Address of principal executive offices)                  (Zip Code)

Issuer's telephone number, including area code:      (772) 595-6069

Check whether issuer (1) filed all reports required to be filed by
Section 13 of 15 (d) of the Exchange Act during the past 12 months (or
such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filling
requirements for the past 90 days.  Yes (X)  No (  )

Number of shares of Common Stock outstanding as of June 3, 2003:
 15,000,000.  No preferred shares were ever issued.






























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TABLE OF CONTENTS

PART I

ITEM 1.    BUSINESS.................................................3

ITEM 2.    PROPERTIES...............................................4

ITEM 3.    LEGAL PROCEEDINGS........................................5

ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS......5

PART II

ITEM 5.    MARKET FOR COMMON EQUIY..................................5

ITEM 6.    MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OR
	     OPERATION..............................................5

ITEM 7.    FINANCIAL STATEMENTS..................................6-14

ITEM 8.    CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS...........15

PART III

ITEM 9.   DIRECTORS AND EXECUTIVE OFFICERS.........................15

ITEM 10.  EXECTIVE COMPENSATION....................................16

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT...............................................17

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS...........17

PART IV   EXHIBITS..............................................17-22

SIGNATURES.........................................................23






















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PART I

ITEM 1    BUSINESS

(A) General Development of Business

The Company was incorporated in Florida on May 3, 1989 as Florida Tax
Lien, Inc., and has an effective Registration of Securities on April
17, 1990.  The offering was made pursuant to Section 8(a) of the
Securities Act and was assigned File #33-30881-A.  In June of 1997 the
Company was approved for an SB 1 securities offering and this
registration was reassigned S.E.C. File #333-6388.

In August of 1996, the Company acquired Viva International Products,
Inc., a Florida Corporation and changed its name to Viva Golf
Manufacturing, Inc.  Viva developed a new line of golf clubs featuring
a jumbo, light-weight head on a flexible graphite shaft.  The initial
production of the heads were not manufactured to specification and the
Company was forced to cancell the distribution due to defective returns.
The contractor finally admitted the fault, however, the Company lost the
benefit of the $1.4 million of contracted TV advertisement to air the
specially produced 30 minute informercial, the heart of its marketing
plan.  Additionally, new competition made it impossible to continue
without a major source of capital.

In June of 1999 the Company agreed to acquire Green Machine Management,
Corp., through a contribution to capital by a common shareholder.  The
transaction was completed in July of 1999 when the Company changed its
name to Green Machine Development, Corp.

(B) Description of Business

Upon completion of the acquisition of Green Machine Management, Corp.
(GMMC), which became a wholly owned subsidiary, the Company owned two
parcels of Real Estate and a purchase contract for an additional
parcel.  The Company has experienced a delay in the development due to
administration changes in the Town of Ocean Ridge and their new
interpetation of zoning code regulations.  The Company engaged counsel
to address these legal matters and to file a variance application.  A
hearing occurred in September 2001 with the local Board of Adjustment.
That Board supported the reversed decision of the Town Manager.  The
Company filed an appeal to a three Judge Panel of Circuit Court in Palm
Beach County.  The Company was recently notified by counsel that the
court upheld the Town's position and further appeal would be futile,
due to the lack of evidence that was introduced originally.  The Company
is discussing it's options with counsel and may re-apply for the approval
of two lots based on street frontage on the undeveloped street to the
south.  The Town recetnly lost a lawsuit in a similar situation.
Alternatively, the Company may sell it's single lot in conjunction with
Mercard Credit Services Corp., the former subsidiary which hold title
to an adjacent lot, for the development of a residential compound on
the water front.

	1. The lot on the Intracoastal Waterway (ICW) at 25/27 Hudson
	Avenue, Ocean Ridge, Palm Beach County, Florida, was
	divided into two building lots on April 15, 2000.  One building
        lot to the Company and the second lot to Mercard Credit
        Services, Inc., a former subsidiary which planned to joint
        venture the development of two luxury residences.


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        2. The Company had a disputed Purchase Contract for the property
        known as 26 Hudson Avenue.  The Company expected to take title
        to this parcel in July of 2000.  However, a dispute arose
        regarding the lack of maintenance and disclosure requirements by
        the Seller.  Due to the lose of the Court appeal regardihg the
        division of the lots to the south of this parcel, the Company
        will not pursue the purchase of this parcel.  The Company wrote
        off the $15,000 in deposits and other costs associated with the
        planned expansion of the ICW luxury home project.


DEVELOPMENT OF REAL ESTATE

The Company received approval for the innovative plan to construct an
on site sewer facility which was requisite to the application for
building permits for the first two luxury homes to be constructed on
parcel (1).  The required easements were surveyed and put into
legal form and those documents have been recorded with the deeds
subdividing the lots in April 2002.

Preliminary architectural designed and elevations were approved
indicating that the 2 luxury homes facing the Intracoastal Waterway
(ICW) will contain 4,300 square feet under A/C.  The Company planned
to sell each home for about $1.8 million.  The Company had
initiated Marketing through "Listing" of the new luxury homes in the
Palm Beach County Multiple Listing Service (MLS).  Advertising
renderings of the proposed residences in the high profile "Florida
Luxury Homes Magazine" was started.  The Company completed construction
plans and entered into a contract to build a home on one lot, obtained
a mortgage commitment and was then informed by the town that a review
of the site plan, previously approved on two occasions, indicated
possible violations of their code; a new interpretation.  The Company
retained counsel and resently lost the court appeal.

The Company settled a minor dispute with the Florida D.E.P. arising
from the construction of a  "Rip-Rap" wall to contain erosion along the
ICW.  The project was completed and the Company plans to build a dock
which was also part of the multi-agency permit/easement.  The
completion of filling, raised the elevation between 3 and 4 feet and
the wall installation increased this property's value substantially.

ITEM 2	PROPERTIES

The Company owns a building lot on the ICW at the foot of Hudson
Avenue, Ocean Ridge, Florida.  Title is Fee Simple without a mortgage
encumbrance.  A second lot is owned by Mercard Credit Services, Corp.,
a former subsidiary, the two parcels my be sold as one large lot and
the proceeds would be shared.  Jointly developed as a counpound with
two or more residential buildings on the waterfront.  The Company
intends to market this project ot foreign corporations or embassies
as well as wealthy individuals.

A purchase agreement for additional land along the ICW on the north
side of Hudson Avenue is in dispute.  The Company is not going to
pursue this acquisition.

After the completion of architectural drawing, the sale of the luxury
residence, mortgage approvals, the Company was about to start
development in August, 2000.  The town changed officials and a new code
interpretation questioned certain aspects of the proposed development.
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The Company engaged counsel to negotiate the differences with the town.
Since the issues were not resolved, the Company was required to file
for a variance appeal of their reversal and subsequently a court appeal
which the Company lost.


ITEM 3	LEGAL PROCEEDINGS

The Company is not aware of any adversarial legal proceedings pending
or threatened.

ITEM 4	SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

On September 25, 2001, the Board of Directors elected two new members,
James L. Schmidt and Jerome Sanzone.  The Board accepted the
resignations of James T. Martin and John J. Brehm, thanking them for
their participation and service.

The Board also approved stock options for the Directors, as follows:


FYE 3/31/2003	                  (none exercised)
	June-Ann Fox		  100,000 shares @ $1.50 per share
	James L. Schmidt	  100,000 shares @ $1.50 per share
	Jerome Sanzone		  100,000 shares @ $1.50 per share


PART II

ITEM 5	MARKET FOR COMMON EQUITY

There are approximately 100 holders of 15,000,000 outstanding common
shares.  No preferred shares have been issued.  The Company has never
paid dividends on its common shares, nor is there a plan to pay
dividends in the near future.  There are no restrictions from making
such dividend payments.  There is a limited market currently for the
common shares, eventhough, the Company was authorized to trade in
October, 2000, on O.T.C. Bulletin Board with the symbol GMCD.  The
quotations have ranged from a low of $.05 to $.65 and during the last
Year.

ITEM 6	MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The Company had no revenue in Fiscal 2002 nor any revenue in the
current year and relied on additional shareholder and affiliate loans
for the legal and administrative expenses.

Since the Company lost the decision of the appeal to the Circuit
Court, the Company will have to generate revenue through a sale of the
property, in conjunction with the adjacent lot owned by Mercard
Credit Services Corp.  The Company may consider a joint venture for
the developmen t of a compound with a main house
and ancillary building i.e. boathouse and/or guest house.

Again, the Company is relying on the sale of the property or
development of a compound project for revenue.  In the event a
purchaser is  secured, and the land is sold the Company will
consider the issuance of a convertible debenture or Preferred
Shares to finance new acquisitions.










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ITEM 7	FINANCIAL STATEMENTS

GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)

FINANCIAL STATEMENTS

MARCH 31, 2003 AND 2002

TABLE OF CONTENTS

						  			Page

Independent Auditor's Report						1

Balance Sheets								2

Statements of Operations						3

Statements of Cash Flows						4

Statements of Changes in Stockholders' Equity				5

Notes to Financial Statements						6-8





































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BAUM & COMPANY, P.A.
Certified Public Accountants
1515 University Drive - Suite 209
Coral Springs, Florida  33071
(954) 752-1712


INDEPENDENT AUDITORS REPORT


The Board of Directors
Green Machine Development Corp. (A Development Stage Company)
Delray Beach, Florida 33483


We have audited the accompanying balance sheets of Green Machine
Development Corp. as of March 31, 2003 and 2002 and the related
statements of operations, cash flows and changes in stockholders'
equity for the years then ended.  These financial statements are the
responsibility of the Company's management.  Our responsibility is to
express an opinion on these financial statements based on our audit.

We conducted our audits in accordance with auditing standards generally
accepted in the United States of America.  Those standards require that
we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement.  An
audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements.  An audit also
includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statement presentation.  We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements present fairly, in all
material respects, the financial position of Green Machine Development
Corp., (a Development Stage Company)  at March 31, 2003 and 2002 and
the statement of operations, cash  flows and changes in stockholders'
equity for the years then ended in conformity with accounting principles
generally accepted in the United States of America.


Coral Springs, Florida
June 21, 2003

Financial Report Page 1















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GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
MARCH 31, 2003 AND 2002

ASSETS

Current Assets						2003		2002

  Cash and Cash Equivalents			        $8              $291

Other Assets
  Investment in Real Estate (Note 1)     	      166,376	       162,376
  Organization Costs (net of amortization
  Of $8,000 (Note 1)				        -0-	 	   664
						      _______	       _______
	Total Other Assets                            166,376	       166,376
					             _______	       _______
	Total assets                                 $166,384         $166,667

						     ========	      ========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Loan Payable (Note 4 and 5			      53,654	        51,654
  Accrued expenses				      26,478	        21,123
						      _______	        ______
	Total current liabilities		      80,132	        72,777
						      ________	       ________
Stockholders Equity
  Preferred Stock, par value $1.00
   5,000,000 authorized-none issued                      -0-              -0-
  Common Stock, par value $.001
   50,000,000 shares authorized;
   15,000,000 shares issued
   and outstanding in 2001 and 2000, respectively      15,000	        15,000
  Paid-in Capital				      336,155	       336,155
  Accumulated deficit during development
    stage				             (261,603)	      (253,965)
						      _______	       _______
						       89,552           93,890
                                                      _______          ________
  Less:  Treasury Stock at Cost		               (3,300)          (3,300)
						      _______	       _______
  Total Stockholders' Equity			       86,252           93,890
						      _______	        _______

  Total Liabilities and Stockholders'
    Equity					     $166,384	       $166,667
					             ========	       ========
See accountants' report and notes to the financial statements.
Financial Report Page 2






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GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF OPERATIONS
YEARS ENDED MARCH 31, 2003 and 2002


                                                          2003              2002

Revnue                                                     -0-               -0-


Operating Expenses				         7,638	           34,746
						        _______	          _______

Net Income (Loss) before non-recurring
   Items						(7,638)	          (34,746)

Other income (expense)


   Writeoff of deposit on real estate		           -0-	          (15,000)
							________	   _______
Net (loss) before provision for income
   taxes						 (7,638)	  (49,746)

Provision for income tax				  -0-		     -0-
							 ________	   _______

Net (loss)						$(7,638)	 $(49,746)
							   ________	  ________

Earnings (loss) per share			        $   (0.00)	$   (0.00)
							  =========	 =========

Weighted average common shares		                 15,000,000	15,000,000

See accountants' report and notes to the financial statements.

Financial Report Page 3




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GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CASH FLOWS
YEARS ENDED MARCH 31, 2003 AND 2002


							2003	     2002
Cash flows from operations
  Net loss					      $(7,638)	  $(49,746)
  Adjustments to reconcile net loss to net
    cash provided by Operating activities:
  Depreciation and amortization			          -0-	     2,137


Changes in operating assets and liabilities

  Increase (decrease) in accrued expenses               5,355	   (43,400)
						      _______	   _______

Net cash used for operations			      (2,283)	   (91,009)

Cash flows from investing activities:
   Deposits on real estate                              (-0-)       15,000
                                                        _____      ______

Cash flows from financing activities:
  Proceeds from note payable-related party              2,000       62,943
                                                       ______       ______

Net increase in cash                                    ( 283)     (13,066)

Cash - beginning                                          291       13,357
                                                        _______     _______

Cash - ending                                             $ 8        $ 291
                                                       =======     =======


See accountants' report and notes to the financial statements

Financial Report Page 4











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GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                                                Additional
                                   Common Stock  Paid-In- Accumulated Treasury
                          Shares      Amount     Capital    Deficit      Stock
                         ________  ____________ _________  _________   _______
Balance-August 12, 1996 11,700,000     1,700      -0-         -0-      -0-

Issuance of Common Stock
 in Acquisition         15,000,000    15,000      -0-         -0-      -0-

Retirement of Common
 Stock                  (5,000,000)   (5,000)     -0-         -0-      -0-

  Net Loss                   -0-         -0-      -0-       (70,240)   -0-
                        __________    _______     ____       ______    _____
Balance, March 31, 1997 11,700,000    11,700      -0-       (70,240)   -0-

Net Loss                                                    (16,215)
                        __________    _______     ____       ______    _____
Balance, March 31, 1998 11,700,000    11,700      -0-       (86,455)   -0-

Net Loss                                                    ( 9,666)
                        __________    ______      _____      ______    _____
Balance, March 31, 1999 11,700,000    11,700      -0-       (96,099)   -0-

Net Loss                                                    (65,907)
                        __________    ______      _____      ______    _____
Balance, March 31, 2000 11,700,000    11,700      -0-      (162,006)   -0-

Net Loss                     -0-         -0-      -0-       (49,746)   -0-

  Contribution of capital
  resulting from spin-off of
  Subsidiaries - June 2000    -0-        -0-    336,155        -0-        -0-

  Accumulated deficit result-
  ing from spin-off of
  subsidiaries June 2000                                     (7,467)

  Common Stock Issued for
  Acquisition - Jan. 2001  3,300,000    3,300      -0-          -0-       -0-

  Common Stock Reacquired
  and Held as Treasury stock   -0-        -0-      -0-          -0-    (3,300)
                           _________   ______   ________    ________    ______

Balance - March 31, 2001  15,000,000   15,000   336,155    (219,219)   (3,300)

Net Loss                       -0-        -0-       -0-     (34,746)       -0-
                            ________   ______   _______    _________    ______

Balance - March 31, 2002  15,000,000  $15,000  $336,155   $(253,965)  $(3,300)

Net Loss                       -0-         -0-      -0-      (7,738)       -0-
                            ________   ______   _______     _______     ______
Balance - March 31, 2003  15,000,000  $15,000  $336,155   $(261.603)  $(3,300)
                          ==========  =======  ========   ==========  ========

See Accountants' Report and Notes to the Financial Statements

Financial Report Page 5
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GREEN MACHINE DEVELOPMENT CORP.(A DEVELOPMENT STATE COMPANY)
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2002 AND 2001

NOTE 1 SIGNIFICANT ACCOUNTING PROLICIES

      ORGANIZATION AND OPERATIONS

The Company was organized under the laws of the State
of Florida on May 3, 1989.  The Company acts as a financial and
management consultant and develops real estate projects.  It is in the
development state 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 state 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.


Financial Report Page 6


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	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.

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
$253,000 of net operating losses.  These net operating losses can
be carried forward up to fifteen years from the year incurred.

NOTE 2	PROPERTY, PLANT AND EQUIPMENT

	Fixed assets are comprised of

	    Computer equipment           $1,824        $1,825
	    Less: accumulated equipment  (1,824)       (1,730)
                                       ______         ______
	        Net fixed assets         $  -0-        $   95
                                       ======         ======

NOTE 3	LOAN PAYABLE - RELATED PARTY

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


NOTE 4  CAPITAL TRANACTIONS

On April 17, 1990, the Company received a letter of effectiveness
from the Securities and Exchange Commission for its registration
pursuant to a 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; .00001 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.

Financial Report Page 7

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On June 17, 1999, Viva Golf Manufacturing, Inc., accepted as a
capital contribution all the issued and outstanding stock of
Green Machine Management Corp. (a Florida Corporation)  The
company Green Machine Management Corp will be 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.

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


NOTE 5	STOCK OPTONS

On September 15, 2001, the Board of Directors approved stock
options for its President/Director for 100,000 shares of common stock
@ $1.00 per share for year ended March 31, 2002.  Additionally, the
Board approved stock options for the President/Director and additional
two Corporate Directors for 100,000 shares of common stock totaling
300,000 @ $1.50 per share, for the fiscal year ended March 31, 2003.
No options have been exercised as of March 31, 2003.



























Financial Report Page 8








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ITEM 8	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS.

None

PART III

ITEM 9	DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
	PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

The Directors and Executive Officers of the Company are as follows:

NAME                    AGE   POSITION                   YEAR ELECTED

June-Ann Fox             55	Director, President              1999
James L. Schmidt II      46	                 		 2001
Jerome Sanzone		 67					 2001





JUNE-ANN FOX, President/Director, is a licensed Florida Real Estate
Broker specializing in waterfront and beach area properties.  Ms. Fox
has been associated with RE/MAX in Delray Beach and Boca Raton, Florida
for over 8 years.  She was elected to serve as a Director to the South
Palm Beach County Realtor Association in 1998, after having serviced as
Chairperson for the Association's Grievance and Ethics Committee for 2
years, she currently serves on the countywide Professional Standards
Committee.  During her real estate career, Ms. Fox has earned her
Graduate Real Estate Institute Award, Certified Residential Specialist
and has been named, Realtor Associate of the Year, along with several
production awards.

Prior to entering the Real Estate profession, Ms. Fox operated a
private consulting firm in Ohio where she worked with small to medium
cities carrying out their personnel, governmental and labor relations
responsibilities.


JAMES L. SCHMIDT II, Director/Secretary-Treasurer, was graduated from
Florida State University, School of Law with a Juris Doctorate Degree
and was admitted to the Florida Bar in 1982.  Mr. Schmidt clerked for
several Circuit Court Judges, then joined the Sarasota Florida State's
Attorney's Office.  Two years later he became a defense trial attorney
at the Sarasota Office of the Public Defender and at the same time he
started his private practice.  Jim maintained his Sarasota office for
13 years specializing in Business, Estate and Financial Planning.

Mr. Schmidt is recognized as an expert in structured financial
transactions and frequently is asked to speak before Bar Associations
and International Business and Finance Organizations.  He is presently
of Counsel for several international firms and acts as a Global
Consultant for the largest CPA, Insurance and Securities companies,
developing specialized pension and group benefits and reassurance
programs

Jim has represented developer clients, negotiated with State and
national agencies for housing and commercial projects, in the U.S.,


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Mexico, Ireland and presently Panama.  He spent several years as a
youth in Panama, speaks fluent Spanish and has a continued business
relationship with a top law firm in Panama City.


JEROME SANZONE, Director/Vice President, was educated at New York City
College and received an ABS in Construction Technology before joining
the U.S. Army Corp of Engineers and was then Honorable discharged in
1958.

In 1960 Mr. Sanzone became a highway designer and estimator for Dade
County, Florida.  Two years later Jerry began a 24 year management
career in the private sector for several of the largest supply
companies, the American Plywood Association and culminating as a
Director of Primary Housing with General Development Corp., of Miami.

After four years as a self employed General Contractor and Construction
Consultant, he began a second career when he was appointed the
Assistant Building Official for the City of Pompano Beach, Florida.  In
1986 Jerry became the Chief Building Official at the City of Oakland
Park, Florida; three years later the City of Delray Beach appointed him
the Chief Building Official.  Recently, Pompano Beach brought Jerry
back as the Director of their Building Department since the city was
experiencing a rapid expansion of hi-rise buildings and technological
improvements.

Mr. Sanzone is a member of several Building and Construction groups and
the Building Officials Association of Florida.  He is certified by the
State as an Inspector and Administrator in all disciplines and as a
Chief Structural Inspector and Plans Examiner by the South Florida
Building Officials.  In his spare time Jerry has served on a dozen
licensing, advisory and appeals/adjustment Boards and on a variety of
code committees.  He is fluent in Italian, Spanish, Japanese and Latin.



ITEM 10	EXECUTIVE COMPENSATION

                           ANNUAL COMPENSATION

The Company did not authorize compensation or options for the next
fiscal year.

NAME AND POSITION                  FISCAL    SALARY    BONUS     OTHER
                                    YEAR                         COMP.
June-Ann Fox, President             2002      $ -0-      -         -0-
James L. Schmidt II, Secretary/
  Treasurer                         2002      $ -0-      -         -0-
Jerome Sanzone, Vice President      2002      $ -0-      -         -0-

                           COMMON STOCK OPTIONS

                           YEAR    # OF SHARES   PRICE/SHARE  EXERCISED
June-Ann Fox               2002      100,000         $1.50       None
James L. Schmidt II        2002      100,000         $1.50       None
Jerome Sanzone             2002      100,000         $1.50       None

There is no current cash compensation plan for Directors/Officers in
The Company authorized a two year stock purchase option as
compensation to it's Directors and expects to continue to provide stock
options as part of a new compensation package when funds are available
for cash compensation.

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ITEM 11	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNER AND MANAGEMENT

The Company is not aware of any instances where an Officer/Director
Is the beneficial owner of additional securities other than those
listed on the Shareholder's list.

ITEM 12	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Green Machine Management, Ltd., a Bahamian I.B.C., a shareholder, and
it's Administrator, George B. Liddy, provide financial consulting
services to the Company.  The Bahamian Company has also provided
substantial loans to the Company and holds several unsecured notes.
Mr. Liddy is the father of Geoffrey D. Liddy, the majority shareholder
of the Company.

PART IV  EXHIBITS

INDEX

EXHIBIT 1	CORPORATE RESOLUTION FOR CONTRIBUTION TO CAPITAL BY GREEN
                MACHINE MANAGEMENT, CORP. TO THE COMPANY

EXHIBIT 2	CORPORATE RESOLUTION AUTHORIZING NAME CHANGE, REGISTERED
		AGENT AND DIRECTORS

EXHIBIT 3	RESOLUTION, MAY 18, 2000, FOR THE EXCHANGE OF COMPANY STOCK
                FOR ALL THE OUTSTANDING SHARES OF THE SUBSIDIARY MERCARD
                CREDIT SERVICES, CORP

EXHIBIT 4	RESOLUTION, JUNE 24, 2000, AUTHORIZING DIVIDEND
                DISTRIBUTION; SPINOFF OF SUBSIDIARY GREEN MACHINE MANAGEMENT,
                CORP.






























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EXHIBIT 1	CORPORATE RESOLUTION FOR CONTRIBUTION TO CAPITAL BY
                GREEN MACHINE, CORP., TO THE COMPANY

I, Geoffrey D. Liddy, the undersigned sole shareholder of Green machine
management Corp. (GMMC), a Florida Corporation, hereby contribute
1,000,000 common shares, all the issued and outstanding stock of GMMC
to Viva Golf Manufacturing, Inc. (VGMI) of which I am the majority
shareholder.

Certificate number 1 issued June 24, 1994, is executed and hereby
contributed and conveyed as a part of this agreement.  GMMC and its
real estate assets will become a wholly owned subsidiary of VGMI and
will complete its audited financial statements for the fiscal year
ending 05/31/1999.

IN WITNESS WHEREOF, the undersigned to contribute to VGMI capital, as
of June 17,, 1999.

Green Machine Management, Corp.

/S/
Geoffry D. Liddy

The above shares are hereby accepted by VGMI;

/S/
June-Ann Fox, Secretary, VGMI

































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EXHIBIT 2	CORPORATE RESOLUTION AUTHORIZING NAME CHANGE, REGISTERED
		AGENT AND DIRECTORS.

GREEN MACHINE MANAGEMENT, CORP.
CORPORATE RESOLUTION

I hereby certify that at a meeting duly called by the Board of
Directors of Green Machine Management, Corp. (GMMC), a Florida
corporation, held on the 17th day of June, 1999, at which
meeting the holders of a majority of the outstanding shares were
present and acting throughout, the following resolution was adopted and
ever since has been and is now in full force and effect:

WHEREAS;  on October 29, 1998 Green Machine Management, Ltd., (GMML), a
Bahamian I.B.C., paid $155,000 and executed a 504D subscription for
155,000 shares of common stock, which was accepted by GMMC, on the same
date, and

WHEREAS;  GMMC anticipated several subscriptions by other investors in
an attempt to raise $1 million which never occurred, and

WHEREAS;  on the same date hereof, Green Machine Management, Corp.
(GMMC) became acquired by Viva Golf Manufacturing, Inc. (VGMI) through
a contribution to capital, by a common shareholder of all of the issued
and outstanding shares and VGMI elected to change it's name to Green
Machine Development, Corp. (GMDC).

NOW THEREFORE BE IT RESOLVED that VGMI hereby rescinds the 504D
subscription and stock certificate for 155,000 shares of common stock
issued to Green Machine Management, Ltd., a Bahamian I.B.C. (GMML).

FURTHERMORE;  the parties agree to the cancellation of said
subscription and stock certificate and further agree that the payment
of $155,000 will be added to the loan account, $253,440, was
the balance as of May 31, 1999.  Additionally, GMML deposited $39,385
into a subscription account in anticipation of the issuance of
additional stock and it is further agrees that this amount
will also be added to the loan account making a grand total of $447,825
due to GMML as of this date.












					/S/
					Green Machine Development, Corp.
					June-Ann Fox, President/Director






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EXHIBIT 3	RESOLUTION, MAY 18, 2000 FOR THE EXCHANGE OF COMPANY
                STOCK FOR ALL OUTSTANDING SHARES OF THE SUBSIDIARY
                MERCARD CREDIT SERVICES, CORPORATION.

GREEN MACHINE DEVELOPMENT, CORP.CORPORATE RESOLUTION

I hereby certify that at a meeting duly called by the Board of
Directors of Green Machine Development, Corp. (GMDC), a Florida
corporation, held on the 13th day of June,  2000, at which meeting the
holders of a majority of the outstanding shares were present and acting
throughout, the following resolution was adopted and ever since has
been and is now in full force and effect:

WHEREAS; Green Machine Management, Ltd., a Bahamian IBC, (GMMLtd) has
advanced over $512,242 to the Companies over the past several years and
interest of over $44,900 has accrued, in accordance with the audited
Financial Statement FYE 03/31/2000, and,

WHEREAS; the Company previously agreed to give a mortgage as collateral
for the unsecured loans and pay the total balance by June 16, 2000,and,

WHEREAS; it appears that the Company will not be financially in a
position to make a full payment and the Company offered to issue one
million shares to GMMLtd for a subscription of $567,142 by Resolution
dated May 18, 2000, and,

WHEREAS; the property that was to be mortgaged is now divided into two
building lots and title to Parcel "A" of Lots 15/16, Block 6, Hudson
Avenue, Ocean Ridge, Florida is vested in Mercard Credit Services, and,

WHEREAS; GMMLtd has agreed to the subscription for the amount of
$567,142 and the parties now agreed to the exchange of the 1 million
shares of common stock issued to GMMLtd for the subscription of
$567,142 in exchange for the 1 million common shares the Company holds
in the subsidiary Mercard Credit Services, Inc., which is all of the
issued and outstanding stock of the subsidiary, and,

NOW THERFORE BE IT RESOLVED that the Company is authorized to exchange
the one million shares issued to GMMLtd for all of the outstanding
stock and corporate books of Mercard Credit Services, Inc.

___________________________		/S/
Date					Green Machine Development, Corp.
					June-Ann Fox, President/Director
















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EXHIBIT 4	RESOLUTION, JUNE 24, 2000, AUTHORIZING DIVIDEND
DISTRIBUTION; SPINOFF OF SUBSIDIARY GREEN MACHINE
MANAGEMENT CORP.

GREEN MACHINE DEVELOPMENT, CORP.

CORPORATE RESOLUTION

I hereby certify that at a meeting duly called by the Board of
Directors of Green Machine Development, Corp. (GMDC), a Florida
corporation, held on the 24 day of  June, 2000, at which meeting the
holders of a majority of the outstanding shares were present and acting
throughout, the following resolution was adopted and ever since has
been and is now in full force and effect:

WHEREAS: Green Machine Management, Corporation, a Florida corporation
(GMMC), is a wholly owned subsidiary of the Company since June 17,
1999, when a common shareholder contributed to capital 1 million common
shares, all of the issued and outstanding stock, and,

WHEREAS: GMMC had title to a large lot on the Intracoastal Waterway
(ICW) in Ocean Ridge, Florida and to another parcel containing two (2)
triplex lots in Delray Beach, Florida, and,

WHEREAS: GMMC carried shareholder loans which were assumed by the
Company and were satisfied through a million share stock subscription
by the holder of the shareholder loans and then the exchange of
that 1 million shares for the 1 million shares outstanding in Mercard
Credit Services, Inc., formerly another subsidiary of the Company, and,

WHEREAS: this Company will pursue the development of luxury residences
in Ocean Ridge and other real estate interests and hereby declares the
spinoff of GMMC through a 1 for 10 stock dividend to the present
shareholder of this Company; the holders as of June 30, 2000 will
receive 1 new common share of GMMC for each 10 common shares held, and

WHEREAS: GMMC will retain title to the (2) triplex lots in Delray,
subject to a $25,000 mortgage, plus accrued interest and taxes, and,

NOW THEREFORE BE IT RESOLVED that the Company is authorized to execute
all documents necessary to complete the spinoff of GMMC for the common
stock dividend of 1 new common share of GMMC for each 5 held as of June
30, 2000 and return the 1 million share certificate to the contributing
Stockholder.




_______________________________________	/S/
Date					Green Machine Development, Corp.
					June-Ann Fox, President/Director









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ITEM 6.   Resignation of Directors

James T. Martin, effective 09/21/2001
John J. Brehm, effective 09/21/2001


SIGNATURE

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


Green Machine Development, Corp.


/S/
September 25, 2001
June-Ann Fox, President








































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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)

June 26, 2003

/S/
June-Ann Fox
Chief Executive Officer

/S/
James L. Schmidt II


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