U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**Form 10**-**QSB**

(Mark One)

X...Quarterly report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
quarterly period ended November 30, 2001.

....Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
transition period from _________ to _________.





|Colorado                                       | 0-23561                  | 84-1431797                          
|---------------------------------------------- | ------------------------ | ------------------------------------
|(State or other jurisdiction of
incorporation) | (Commission File Number) | (IRS Employer Identification
Number)

|2082 Cherry Street

Denver, Colorado     | 80207     
|---------------------------------------- | ----------
|(Address of principal executive offices) | (Zip Code)

Registrant's telephone number, including area code  (303) 321-0461

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

Applicable only to issuers involved in bankruptcy proceedings during the past five years:

Check whether the issuer has filed all documents and reports required to be filed by Section 12,
13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a
court. Yes ____  No ____

Applicable only to corporate issuers:

State the number of shares outstanding of each of the issuer's classes of common equity, as of the
latest practicable date:32,112,499 as of November 30, 2001.

Transitional Small Business Disclosure Format (Check one):

Yes ____  No  X

PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

(a) The unaudited financial statements of registrant as of and for the period ending
November 30, 2001 follow.



SUNBURST ACQUISITIONS IV, INC.

FINANCIAL STATEMENTS

Quarter ended November 30, 2001

|INDEX TO FINANCIAL STATEMENTS: |   
|------------------------------ | --
|                               |   
|Balance Sheet                  | 5 
|Statements of Operations       | 6 
|Statements of Cash Flows       | 8 
|Notes to Financial Statements  | 10

Sunburst Acquisitions IV, Inc. and Subsidiary

(A Development Stage Company)

BALANCE SHEET

November 30, 2001

|                                      | **ASSETS**                                            |                                                 |      |                  
|------------------------------------- | ----------------------------------------------------- | ----------------------------------------------- | ---- | -----------------
|                                      |                                                       |                                                 |      |                  
|CURRENT ASSETS**                      |                                                       |                                                 |     
|                                      | **************Cash and cash equivalents               |                                                 |      | $           2,749
|                                      | Notes receivable****                                  | ****                                            |      | 75,000           
|                                      | Other current assets****                              | ****                                            |      | 5,836            
|                                      |                                                       |                                                 |      |                  
|                                      |                                                       | ****Total current assets                        | **** |                  
|                                      |                                                       |                                                 |      |                  
|                                      |                                                       | ****************TOTAL ASSETS                    | **** |                  
|                                      |                                                       |                                                 |      |                  
|                                      | ****************LIABILITIES AND
STOCKHOLDERS' DEFICIT | ****                                            |      |                  
|                                      |                                                       |                                                 |      |                  
|************CURRENT LIABILITIES       | ****                                                  |                                                 |     
|                                      | Accounts payable                                      |                                                 |      | $           7,900
|                                      | Accrued expenses                                      |                                                 |      | 7,462            
|                                      | Notes payable - related parties                       |                                                 |      | 100,000          
|                                      |                                                       |                                                 |      |                  
|                                      |                                                       | **********Total current liabilities**           | **** |                  
|                                      |                                                       |                                                 |      |                  
|***********STOCKHOLDERS' DEFICIT***** |                                                       |                                                 |     
|                                      | Preferred stock, no par value; 20,000,000 shares      |                                                 |     
|                                      |                                                       | authorized; no shares issued and outstanding    |      | -                
|                                      | Common stock, no par value;
100,000,000               |                                                 |      |                  
|                                      |                                                       | shares authorized; 32,112,499 shares issued and |      |                  
|                                      |                                                       | outstanding                                     |      |                  
|                                      | Deficit accumulated during the
development            |                                                 |      |                  
|                                      |                                                       | stage                                           |      |                  
|                                      |                                                       |                                                 |      |                  
|                                      |                                                       |                                                 |      |                  
|                                      |                                                       |                                                 |      |                  
|                                      |                                                       | ****TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT |      | $         83,585 
|                                      |                                                       |                                                 |      |                  

The accompanying notes are an integral part of the financial statements.

Sunburst Acquisitions IV, Inc. and Subsidiary

(A Development Stage Company)

STATEMENTS OF OPERATIONS

|                                     |                                                        |                                         | **For the period**               | ****                 |                         |                           |                                  |                         |          
|------------------------------------ | ------------------------------------------------------ | --------------------------------------- | -------------------------------- | -------------------- | ----------------------- | ------------------------- | -------------------------------- | ----------------------- | ---------
|                                     |                                                        |                                         | ****************from inception   | ****                 |                         |                           |                                  |                         |          
|                                     |                                                        |                                         | ****(March 19, 1999)             | ****                 | **For the nine months** | ****                      | **For the three months**        
|****                                 |                                                        |                                         | **to November 30,**              | ****                 | **ended November 30,**  | ****                      | **ended November 30,**          
|****                                 |                                                        |                                         | **2001**                         | ****                 | **2001**                | **2000**                  | ****                             | **2001**                | **2000** 
|****                                 |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|******REVENUES**                     | $            208,235                                   |                                         | $                -               | $                  - |                         | $                       - | $                       -       
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|EXPENSES                             |                                                        |                                         |                                  |                      |                         |                           |                                 
|                                     | Selling, general and administrative                    | 797,818                                 |                                  | 69,802               | -                       |                           | 44,165                           | -                      
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|                                     |                                                        | ********Total expenses                  | 797,818                          |                      | 69,802                  | -                         |                                  | 44,165                  | -        
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|NET OPERATING LOSS                   | (589,583)                                              |                                         | (69,802)                         | -                    |                         | (44,165)                  | -                               
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|OTHER INCOME AND EXPENSE             |                                                        |                                         |                                  |                      |                         |                           |                                 
|                                     | Interest expense                                       | (32,390)                                |                                  | (4,588)              | -                       |                           | (1,518)                          | -                      
|                                     | Gain on sale of securities                             | 400,000                                 |                                  | -                    | -                       |                           | -                                | -                      
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|NET LOSS FROM                        |                                                        |                                         |                                  |                      |                         |                           |                                 
|CONTINUING OPERATIONS                | (221,973)                                              |                                         | (74,390)                         | -                    |                         | (45,683)                  | -                               
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|********DISCONTINUED OPERATIONS:     |                                                        |                                         |                                  |                      |                         |                           |                                 
|                                     | Loss from operations of Hollywoodbroadcasting.com      |                                         |                                  |                      |                         |                           |                                 
|                                     |                                                        | disposed of (net of income taxes of $0) | (2,066,371)                      |                      | (46,940)                | (2,019,431)               |                                  | -                       | (619,870)
|                                     | ********Gain on disposition of discontinued operations |                                         |                                  |                      |                         |                           |                                  |                        
|                                     |                                                        | (net of income taxes of $0)             | 845,150                          |                      | 845,150                 | -                         |                                  | 845,150                 | -        
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|                                     |                                                        |                                         | ********             (1,221,221) |                      | 798,210                 | (2,019,431)               |                                  | 845,150                 | (619,870)
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|********NET GAIN (LOSS)              | (1,443,194)                                            |                                         | 723,820                          | (2,019,431)          |                         | 799,467                   | (619,870)                       
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|Accumulated deficit                  |                                                        |                                         |                                  |                      |                         |                           |                                 
|                                     | Balance, beginning of period                           | -                                       |                                  | (2,167,014)          | (154,650)               |                           | (2,242,661)                      | (1,554,211)            
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|                                     | Balance, end of period                                 | $          (1,443,194)                  |                                  | $ (1,443,194)        | $  (2,174,081)          |                           | $       (1,443,194)              | $       (2,174,081)    
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|NET GAIN (LOSS) PER SHARE            |                                                        |                                         |                                  |                      |                         |                           |                                 
|                                     | Loss from continuing operations                        | $                   (0.01)              |                                  | $              (NIL) | $             (NIL)     |                           | ******** $              (NIL)    | $              (NIL)   
|                                     | ********Loss from discontinued operations              | (0.06)                                  |                                  | (NIL)                | (0.06)                  |                           | (NIL)                            | (0.01)                 
|                                     | ********Gain on disposal of discontinued operations    | 0.03                                    |                                  | 0.03                 | (NIL)                   |                           | 0.03                             | (NIL)                  
|                                     | ********Net gain (loss)                                | $                   (0.04)              |                                  | $              0.02  | $           (0.06)      |                           | ******** $                  0.03 | $                (0.01)
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          
|WEIGHTED AVERAGE NUMBER OF SHARES OF |                                                        |                                         |                                  |                      |                         |                           |                                 
|COMMON STOCK AND COMMON STOCK        | ****                                                   |                                         |                                  |                      |                         |                           |                                 
|EQUIVALENTS OUTSTANDING              | ****33,271,419                                         |                                         | 32,206,172                       | 35,831,668           |                         | 31,865,577                | 44,902,499                      
|                                     |                                                        |                                         |                                  |                      |                         |                           |                                  |                         |          

The accompanying notes are an integral part of the financial statements.

Sunburst Acquisitions IV, Inc. and Subsidiary

(A Development Stage Company)

STATEMENTS OF CASH FLOWS

|                                         |                                                      |                                         |                                          | For the period           | ****                    |            
|---------------------------------------- | ---------------------------------------------------- | --------------------------------------- | ---------------------------------------- | ------------------------ | ----------------------- | -----------
|                                         |                                                      |                                         |                                          | ****from inception       | ****                    |            
|                                         |                                                      |                                         |                                          | ********(March 19, 1999) | **For the nine months**
|****                                     |                                                      |                                         |                                          | **to November 30,**      | **ended November 30,** 
|****                                     |                                                      |                                         |                                          | 2001                     | **2001**                | **2000**   
|**CASH FLOWS FROM OPERATING ACTIVITIES** |                                                      |                                         |                                         
|Net gain (loss)                          | $        (1,443,194)                                 | $        723,820                        | $    (2,019,431)                        
|Adjustments to reconcile                 |                                                      |                                         |                                         
|                                         | net gain (loss) to net cash flows                    |                                         |                                          |                         
|                                         | from operating activities:                           |                                         |                                          |                         
|                                         |                                                      | Gain on sale of securities              | (400,000)                                | -                        | -                      
|                                         |                                                      | Depreciation                            | 52,332                                   | 17,449                   | 32,801                 
|                                         |                                                      | Increase in inventory                   | (57,705)                                 | -                        | (57,705)               
|                                         |                                                      | Increase in other assets                | (483,028)                                | (386)                    | (485,523)              
|                                         |                                                      | Decrease in prepaid expense             | -                                        | -                        | 90,077                 
|                                         |                                                      | Increase in deferred revenue            | -                                        | -                        | 20,000                 
|                                         |                                                      | Increase in accounts receivable         | (6,203)                                  | (5,836)                  | (3,971)                
|                                         |                                                      | Increase in accrued expenses            | 141,825                                  | 25,413                   | 89,706                 
|                                         |                                                      | Increase (decrease) in accounts payable | 126,794                                  | (3,993)                  | 161,192                
|                                         |                                                      |                                         |                                          |                          |                         |            
|                                         |                                                      |                                         | Net cash flows from operating activities | (2,069,179)              | 756,467                 | (2,172,854)
|                                         |                                                      |                                         |                                          |                          |                         |            
|CASH FLOWS FROM INVESTING ACTIVITIES     |                                                      |                                         |                                         
|                                         | ******** Proceeds from sale of securities            | 325,000                                 | -                                        | -                       
|                                         | Purchase of property and equipment                   | (208,585)                               | -                                        | (159,258)               
|                                         |                                                      |                                         |                                          |                          |                         |            
|                                         |                                                      |                                         | Net cash flows from investing activities | 116,415                  | -                       | (159,258)  
|                                         |                                                      |                                         |                                          |                          |                         |            
|CASH FLOWS FROM FINANCING ACTIVITIES     |                                                      |                                         |                                         
|                                         | ******** Discontinued operations                     | (846,150)                               | (846,150)                                | -                       
|                                         | ******** Proceeds of sale of discontinued operations | 1,000                                   | 1,000                                    | -                       
|                                         | ******** Related party debt                          | 740,556                                 | (500)                                    | 1,618,415               
|                                         | ******** Proceeds from notes payable to stockholders | 548,191                                 | -                                        | 395,020                 
|                                         | ******** Proceeds from notes payable                 | 100,500                                 | -                                        | 270,000                 
|                                         | Issuance of common stock                             | 1,411,416                               | 66,300                                   | -                       
|                                         |                                                      |                                         |                                          |                          |                         |            
|                                         |                                                      |                                         | Net cash flows from financing activities | 1,955,513                | (779,350)               | 2,283,435  
|                                         |                                                      |                                         |                                          |                          |                         |            
|NET INCREASE (DECREASE) IN CASH          |                                                      |                                         |                                         
|                                         | ******AND CASH EQUIVALENTS**                         | 2,749                                   | (22,883)                                 | (48,677)                
|                                         |                                                      |                                         |                                          |                          |                         |            
|********CASH AND CASH EQUIVALENTS,       |                                                      |                                         |                                         
|                                         | ******BEGINNING OF PERIOD**                          | -                                       | 25,632                                   | 59,984                  
|                                         |                                                      |                                         |                                          |                          |                         |            
|********CASH AND CASH EQUIVALENTS,       |                                                      |                                         |                                         
|                                         | ******END OF PERIOD**                                | $                 2,749                 | $            2,749                       | $          11,307       

The accompanying notes are an integral part of the financial statements.

Sunburst Acquisitions IV, Inc.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

November 30, 2001



1.	**Managements's Representation of Interim Financial Information**



The accompanying financial statements have been prepared by Sunburst Acquisitions IV, Inc.
without audit pursuant to the rules and regulations of the Securities and Exchange Commission.
Certain information and footnote disclosures normally included in financial statements prepared
in accordance with generally accepted accounting principles have been condensed or omitted as
allowed by such rules and regulations, and management believes that the disclosures are adequate
to make the information presented not misleading.  These financial statements include all of the
adjustments which, in the opinion of management, are necessary to a fair presentation of
financial position and results of operations.  All such adjustments are of a normal and recurring
nature.  These financial statements should be read in conjunction with the audited financial
statements at February 28, 2001.

**Investment in Prologic Management Systems, Inc.**

****On February 16, 2001, the Company completed the sale of 2,859,972 shares of stock in Prologic
Management Systems, Inc., an Arizona corporation ("Prologic"), to Prologic, or its designees, for
a total sales price of $400,000, or approximately $0.1399 per share.  The sale was completed
pursuant to the terms of a Settlement Agreement and Release, dated January 26, 2001.  This
investment had been charged to operations in August 2000 by Sunburst Acquisitions IV, Inc.

The sales price was paid $325,000 in cash at closing and $75,000 through Prologic's execution
of a promissory note.  The promissory note bears interest at the rate of 10% per annum and
requires payments of $25,000 principal, interest, on each of April 12, 2001, July 12, 2001, and
October 12, 2001.  The April 12, 2001, July 12, 2001, and October 12, 2001 payments have not
been made.

**Sale of Discontinued Operations**

****On September 28, 2001, the Company completed the sale of its wholly owned subsidiary
Hollywoodbroadcasting.com for $1,000 in cash.

Operating results of Hollywoodbroadcasting.com for the nine months ended November 30, 2001
are shown separately in the accompanying income statement.

Assets and liabilities of Hollywoodbroadcasting.com sold consisted of the following:

|Cash                           | $           2,510
|------------------------------ | -----------------
|Accounts receivable            | 367              
|Inventories                    | 57,705           
|Capitalized project costs      | 481,519          
|Property, plant, and equipment | 156,253          
|Total assets                   | 698,354          
|Accounts payable               | 118,893          
|Accrued expenses               | 134,364          
|Notes payable to stockholders  | 548,191          
|Due to related party           | 741,056          
|Total liabilities              | 1,542,504        
|Net liabilities disposed of    | $       844,150  





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

The following discussion contains certain statements that may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any
statements that refer to expectations, projections or other characterization of future events or
circumstances, and especially those which include variations of the words "believes," "intends,"
"estimates," "anticipates," "expects," "plans," or similar words or variations thereof, are likely to
be forward-looking statements, and as such, are likely to concern matters involving risk,
uncertainty, unpredictability and other factors that could materially and adversely affect the
outcome or results indicated by or inferred from the statements themselves. Therefore, the reader
is advised that the following discussion should be considered in light of the discussion of risks
and other factors contained in this Form 10-QSB and in the Company's other filings with the
Securities and Exchange Commission, and that no statements contained in the following
discussion or in this Form 10-QSB should be construed as a guarantee or assurance of future
performance or future results.****

Liquidity and Capital Resources

The Company remains in the development stage.  Since inception it has undergone two
unsuccessful business combinations which have caused it to incur significant liabilities and have
resulted in the accumulation of a substantial deficit during the development stage.  As of
November 30, 2001, the Company has total current assets of $83,585 and total current liabilities
of $115,362, resulting in a current ratio of0.725.

During the fiscal year ended February 28, 2001, the Company received cash proceeds of
$325,000 as part payment of the purchase price for its sale of shares of common stock of
Prologic.  However, substantially all of those funds were used prior to the end of the fiscal year
to pay various outstanding debts and obligations of the Company, primarily including debts and
obligations related to its acquisition of HollywoodBroadcasting.com, Inc. As a result, those funds
are not available to pay on-going operating expenses.   The Company does not currently have the
funds necessary to enable it to carry out its business plan.  It will need to raise additional capital
to pay expenses associated with compliance with its reporting obligations under the Securities
Exchange Act of 1934 and to fund its planned efforts related to investigating the potential
acquisition of or combination with an operating entity for which the Company's status as a
reporting company under the Securities Exchange Act of 1934 is deemed valuable.



Plan of Operations



The Company's plan of operations is to reduce its operating expenses to the lowest  amount
necessary to enable it to continue to comply with its reporting obligations under the Securities
Exchange Act of 1934, and to engage in activities associated with locating and evaluating
acquisition candidates.  In the event the Company is able to locate a suitable acquisition
candidate it plans to proceed with the acquisition as quickly as reasonably possible.

Unless and until a business combination is completed with an acquisition candidate, the
Company does not expect to generate revenues.  In fact, the Company may also continue to
operate at a loss even after completing a business combination, depending upon the performance
of the acquired business.  Therefore, the Company anticipates that it will continue to incur losses
for the current fiscal year.



As a result of the anticipated losses for the fiscal year, the Company will require additional
capital in order to meet its cash needs including the costs of compliance with the continuing
reporting requirements of the Securities Exchange Act of 1934, as amended.



The Company anticipates that some portion of the funds it will require for payment of on-going expenses may come from payments due under the promissory note it received from
Prologic in conjunction with sale of Prologic shares. ****However, the $25,000 payments which
were due on April 12, 2001, July 12, 2001 and October 12, 2001 pursuant to the terms of the
promissory note have not yet been received by the Company.**** The Company is in discussions
with Prologic regarding modification of the terms of payment under the promissory note but
there is no assurance as to when or whether the Company is likely to receive any portion of the
remaining $75,000 due from Prologic.

Another potential source of capital for the Company is the sale of all, or a portion, of its
remaining 600,000 shares in Prologic.  The market value of such shares is currently difficult to
determine because the shares of Prologic are thinly traded and there is not a viable market for
purchase and sale of any such shares.   Thus, there is no assurance that the Company would be
able to sell all, or any significant portion, of its Prologic shares if it elected to do so.

Other than the potential sources of funds described above, no specific commitments to
provide additional funds have been  made by management or other stockholders.  During the
second quarter the Company commenced a private placement offering of up to 3,000,000 shares
at a price of $0.03 per share.  A total of 2,210,000 of such shares were sold during the second and
third quarters, resulting in receipt by the Company of a total of $66,300 of gross proceeds. The
Company has used and intends to continue to use the offering proceeds both to pay current
liabilities and as working capital to be applied to payment of on-going expenses.



On June 11, 2001, the management of the Los Angeles Film School (LAFS) notified the
Company of LAFS'claim for reimbursement in the amount of $1,271,000 in expenses which
LAFS asserts were incurred on behalf of the Company's consolidated subsidiary,
HollywoodBroadcasting.com, Inc. (HBC).  The claim consisted of reimbursement for office rent,
equipment purchases, and computer lease obligations.  As of the date of the claim, HBC had
recorded approximately $741,000 for these amounts, which was reflected in the consolidated
financial statements of Sunburst IV.  HBC management disputes the validity of the additional
$530,000 in charges related to HBC.  Since June 11, 2001, there have been no additional
demands for payment by LAFS.

On September 28, 2001, the Company sold its entire investment in the stock of HBC to
WMDC Investments Ltd. for total proceeds of $1,000.  The company recorded a gain from the
disposition of the subsidiary of $845,150, which consisted primarily of the excess of HBC's
liabilities, a substantial portion of which was the obligation to the LAFS, over its existing assets
at the date of sale.  The disposition has been accounted for as a discontinued operation.

PART II - OTHER INFORMATION

ITEM 2.	CHANGES IN SECURITIES AND USE OF PROCEEDS.

During the third quarter, the Company sold a total of 680,000 shares of its common stock
in a private placement offering pursuant to an exemption from registration provided by Section
4(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereunder.  This
was a continuation of the private placement offering which commenced in the second quarter of
the fiscal year.  The Company sold a total of2,210,000shares in the offering.  The shares were
offered and sold by the Company acting through its officers and directors, and the offering was
limited solely to accredited investors.

The Company received $20,400 from sale of shares during the third quarter and total
gross proceeds of $66,300 for the second and third quarters.No underwriting commissions or
discounts were paid.

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

(b)	No reports on Form 8-K were filed by the Company for the quarter ended
November 30, 2001.

SIGNATURE

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 hereunto duly authorized.

******SUNBURST ACQUISITIONS IV, INC.**

By:   /S/ TERRY FIELDS

Terry Fields

Principal Executive Officer and Director

Date:    January 10, 2002****

****