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, 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 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, 2002:
 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...............................................5

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..................................6

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

ITEM 7.    FINANCIAL STATEMENTS..................................7-16

ITEM 8.    CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS...........17

PART III

ITEM 9.   DIRECTORS AND EXECUTIVE OFFICERS.........................17

ITEM 10.  EXECTIVE COMPENSATION....................................18

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT...............................................19

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS...........19

PART IV

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K......................19-25

SIGNATURES.........................................................26
















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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 golf club 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 cancelled 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
30 minute informercial, the heart of its marketing plan.  Additionally,
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.  All responses have been filed and the Company is
awaiting certification and a hearing date.  The dispute has caused
further delay of the construction of the luxury homes.  However,
waterfront prices are going higher, but labor and materials appear to
be available at even lower prices, due to economic slowdown.

	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.  GMMC, the
former subsidiary conveyed one building lot to the Company and
the second lot to Mercard Credit Services, Inc., another former
	subsidiary which will joint venture the development of two
	luxury residences.
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	2. Two triplex lots at the northern terminus Florida Blvd.,
	Delray Beach, Florida; was to be developed as an 8 unit townhouse
	condominium.  The Company planned to request an abandonment of a
	portion of the street R.O.W. to be utilized in its proposed
	development, but, was unsuccessful in obtaining the cooperation
	of the (2) adjacent property owners on the west side of the
	street.  One June 24, 2000, the Board of Directors and majority
	Shareholders passed a resolution to "spinoff" the subsidiary for
	a stock dividend of one share for each ten held by shareholders
	of record on June 30, 2000.  GMMC assumed the mortgage, tax
	obligations and payables.
	3. 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.  Discussions continue to resolve the differences; several
settlement offers have been rejected by the Sellers and legal
action has been threatened by the Company.  The Company wrote
off the $15,000 in deposits and other costs associated with
the planned expansion of the ICW luxury home project, however,
discussion continues with the Seller pending the decision of the
court appeal affecting the owned property to the south.



DEVELOPMENT OF REAL ESTATE

The Company received approval for the innovative plans 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 have been 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 now
expects 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 is pursuing a pending 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.
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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, is also available to the Company for development
as a joint venture.

A purchase agreement for additional land along the ICW on the north
side of Hudson Avenue is in dispute.  The Company is still attempting
to resolve the issues and continue the plan to expand the luxury home
project.  Additional financing will be required for the expanded
development.

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.
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.

The delay has caused the cancellation of the purchase contract and
mortgage commitment which would have provided an initial land payment
of $585,000, construction and permanent financing.  Cash flow is
further impeded without the expected profit and continued costs and
legal expense.

The two triplex lots in Delray Beach were titled to Green Machine
Management, Corp (GMMC) a subsidiary until June 30, 2000.  The Company
spunoff the subsidiary through a dividend distribution to shareholders,
GMMC assumed the mortgage and tax obligations and plans to develop a
townhouse project.  The Company has "put on hold" several planned
acquisitions for additional projects until the resolution of the
initial development of other financing can be arranged.

ITEM 3	LEGAL PROCEEDINGS

The Company is not aware of any adversarial legal proceedings pending
or threatened.  However, the Company pursues the court appeal against
the Town of Ocean Ridge, Florida.

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 3/31/2002			(none exercised)
	June-Ann Fox  100,000 shares @ $1.00 per share


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FYE 3/31/2003
	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 $.02 to $5.00 and during the last
Quarter the bid was as low as $.30 and a high of $1.10.

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

The Company had no revenue in Fiscal 2001 nor any revenue in the
current year and relied on additional shareholder loans
for the improvements to it's real estate, legal and
administrative expenses.

Pending the decision of the appeal to the Circuit
Court, the Company may have to generate revenue through a sale of the
property.  In the event of a favorable court decision the Company may
consider joint venture or obtaining building contracts for new luxury
homes whereby the purchaser pays for the land and carries the
construction loans.  Marketing for the latter was in progress.
The homes were listed in the Palm Beach County Multiple Listing
Service (MLS) for $1.5 million each and advertising was paid by
the Broker, June-Ann Fox, a Director and President.  The
Company is confident that new purchase contracts will be
negotiated if code issues are resolved and the price is
expected increase to $1.8 million per unit.

The price of the luxury homes was determined by taking the
average square footage cost of comparable homes sold in the previous
six months.  The market for water front homes on the Intracoastal
Waterway (ICW) appears to be stable and prices are rising while labor
and material prices seem to be falling.  Assuming this trend continues
the Company expects a wider profit margin for development.

The Company expects to provide supervision and subcontract most of the
building operations.  Mr. James T. Martin, a former Director, is an
experienced and licensed building contractor and has offered his
services to the Company.




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Again, the Company is relying on the sale of at least 1 new residence
to recover the lot value in order to take title to additional land,
formerly under contract.  In the event a purchaser is not secured, or
the land is not sold.  The Company plans to issue convertible debenture
or Preferred Shares to finance capital requirements.

















































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ITEM 7	FINANCIAL STATEMENTS

GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STATE COMPANY)

FINANCIAL STATEMENTS

MARCH 31, 2002 AND 2001

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.
Delray Beach, Florida 33483


We have audited the accompanying balance sheets of Green Machine
Development Corp. as of March 31, 2002 and 2001 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  at March 31, 2002 and 2001 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
May 1, 2002

Financial Report Page 1










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GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
YEARS ENDED MARCH 31, 2002 AND 2001

ASSETS

Current Assets						2002		2001

  Cash and Cash Equivalents			    $  291		$-0-

Other Assets
  Investment in Real Estate			   166,376	   162,476
  Organization Costs (net of amortization
  Of $8,000						 -0-	 		 664
							   _______	   _______
	Total Other Assets			   166.376	   417,747
							   _______	   _______

Property and Equipment				 -0-			  95
							   _______	   _______

		Total Assets			  $166,667	  $163,235
							  ========	  ========


LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Loan Payable - related party		    51,363	    25,632
  Accrued expenses				    21,123	     1,500
							  ________	  ________
	Total current liabilities		    72,486	    27,132
							  ________	  ________

Stockholders Equity
  Common Stock, par value $.001
   50,000,000 shares authorized;
   15,000,000 issued and outstanding	    15,000	    15,000
  Paid-in Capital					   336,155	   336,155
  Accumulated deficit during development
    stage						  (253,674)	  (211.752)
							   _______	   _______
							    97,481	   139,306
  Less:  Treasury Stock at Cost		    (3,300)     (3,300)
							   _______	   _______
  Total Stockholders' Equity			    94,181	   136,103
							   _______	   _______

  Total Liabilities and Stockholders'
    Equity						  $166,667	  $163,235
							  ========	  ========

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, 2002


                                                2002        2001

Revenues						   $   -0-	   $   -0-

Operating Expenses				    41,922	    34,746
							   _______	   _______

Net Income (Loss) before non-recurring
   Items						   (41,922)	  (34,746)

Non-recurring items

   Writeoff of deposit on real estate		  -0-	  (15,000)
							   ________	   _______

Net (loss) before provision for income
   taxes						   (41,922)	  (49,746)

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

Net (loss)						  $(41,922)	 $(49,746)
							   ________	  ________

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

Weighted average common share			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, 2002 AND 2001


								2002		2001
Cash flows from operations
  Net loss						  $(41,922)	  $(49,746)
  Adjustments to reconcile net loss to net
    cash provided by Operating activities:
  Depreciation and amortization			 759	     2,137


Changes in operating assets and liabilities

  Increase (decrease) in accrued expenses   19,623	   (43,400)
							   _______	   _______

Net cash used for operations			  (21,540)	   (91,009)

Cash flows from investing activities:
  Investment in real estate                 (3,900)       (-0-)
  Decease in deposits on real estate          (-0-)     .15,000
                                              _____      ______
                                            (3,900)      15,000
                                            _______      ______

Cash flows from financing activities:
  Proceeds from loan payable-related party  25,731       62,652
                                            ______       ______

Net increase in cash                           291     (13,357)

Cash - beginning                               -0-      13,357
                                            _______     _______

Cash - ending                                $ 291        $ -0-
                                            =======     =======


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
YEARS ENDED MARCH 31, 2002 AND 2001


                                                Additional
                                   Common Stock  Paid-In-Accumulated Treasury
                          Shares      Amount     Capital   Deficit      Stock
                         ________  ____________ _________ _________   _______
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-

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

  Common Stock Reacquired      -0-        -0-      -0-         -0-    (3,300)
                           _________   ______   ________   ________    ______

Balance - March 31, 2001  15,000,000   15,000   336,155   (211,752)   (3,300)

Net Loss                       -0-        -0-       -0-    (41,922)       -0-
                            ________   ______   _______   _________    ______

Balance - March 31, 2002  15,000,000  $15,000  $336,155  $(253,674)  $(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 a related party.  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.

Financial Report Page 7

15

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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. (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.

On April 5, 2000, Green Machine Management Corp. (A wholly-
Owned subsidiary) conveyed by quickclaim deed two parcels of land,
one to the Parent Company, GMDC and the other to Mercard Credit
Services, Corp.  The Company agreed in Principle, to satisfy the
Related party loans on these parcels by exchanging all the issued and
outstanding stock of Mercard Credit Services, Inc., to the related
party.  Additionally, the subsidiary Green Machine Management Corp.,
was spun off as a stock dividend to the shareholders of record on June
30, 2000, on a 10:1 basis.

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.

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 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, 2002.

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             54	Director, President                  1999
James L. Schmidt II      45							 2001
Jerome Sanzone		 66							 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 and currently service 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.,

17
<PAGE>
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

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               2001      100,000         $1.00       None
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

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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.


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.

ITEM 13	EXHIBITS AND REPORTS ON FORM 8-K (ITEM 601 OR REGULATION
		S-B)

The Company did file a for 8K on October 1, 2001, regarding the
negotiations for 2500 acres in Panama, the change of (2) Board
Members and the approval of stock options for the three Board Members.

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.


EXHIBIT 5	FORM 8K FILED OCTOBER 1, 2001








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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




























20
<PAGE>
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










22
<PAGE>

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

23


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EXHIBIT 5	FORM 8K FILED OCTOBER 1, 2001

U.S. Securities and Exchange Commission

Washington D.C.

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Act of 1934


Date of Report (Date of earliest event reported):  September 26, 2001

GREEN MACHINE DEVELOPMENT CORP.
(Exact name of registrant as specified in its charter)

Florida                          333-6388                  65-0594832
(State or other jurisdiction   (Commission           (I.R.S. Employer
of incorporation)               File Number         Identification No.)

200 MacFarlane Drive, Suite 405, Delray Beach, FL           33483
(Address of principle executive offices)                   (Zip Code)

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


ITEM 2.   Acquisition or Disposition of Assets

The Company is negotiating an agreement to acquire over 2,500 acres of
land on the outskirts of Panama City, Panama.  The Board of Directors
unanimously agreed to reissue 3.3 million shares and up to an
additional 1.7 million shares for the parcel.   The present owners will
convey title to a Trust and the Trust will liquidate the acquiring
shares to pay those beneficiaries.  The multi purpose development plan
will initially feature low income housing which is supported by the
government.  The Company plans to develop other residential units along
with commercial and industrial projects.  Recreational, educational and
transportation facilities will be accommodated.

The Company is also in discussion with the owner of another 6,000 acres
for a joint venture multi purpose, upscale development near the
international airport.


ITEM 5.   Other Events

At a meeting on September 21, 2001, the Board of Directors elected two
new members, James L. Schmidt and Jerome Sanzone.  The Board also
thanked the two former members James T. Martin and John J.Brehm for
their participation and services.


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The Board also approved a stock option for the Directors as follows:

          For FYE 03/31/02
              June-Ann Fox           100,000 shares @ $1.00 per share

          For FYE 03/31/03
              All three Directors 100,000 shares each @ $1.50 per share

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 24, 2002

/S/
June-Ann Fox
Chief Executive Officer

/S/
James L. Schmidt II


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