Securities and Exchange Commission
                              Washington, DC 20549

                                   FORM 10-KSB/A

 x Annual Report pursuant to Section 13 or 15(D) of the Securities
 Exchange Act of 1934
                                 (Fee required)
                   For the fiscal year ended December 31, 2002
                                       Or
 Transition Report pursuant to Section 13 or 15(D) of the Securities
 Exchange Act of 1934
                                (No Fee Required)
                         Commission File Number: 0-28580

                             Triad Industries, Inc.
             (Exact Name of Registrant as specified in its charter)

                  Nevada                                       88-0422528
(State or other jurisdiction of          (IRS Employer Identification Number)
incorporation or organization)

                           350 W. 9th, Ave, Suite 104
                               Escondido, CA 92025
              (Address and zip code of principal executive offices)

                                 (760) 291-1710
              (Registrants telephone number, including area code)

        Securities registered pursuant to Section 12(b) of the Act: NONE

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 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.

                                    x YES NO
Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K (229.405 of this chapter) is not contained  herein,  and will
not be contained, to the best of the registrants knowledge, in definitive proxy
or  information  statements  incorporated  by reference in Part III of this Form
10-K or any amendment to this Form 10-K.

                                    x YES NO
As of February 28, 2003, the aggregate  market value of the voting stock held by
non-affiliates of the registrant was $45,314 based upon a $.10 per share trading
price on February 28, 2003.

Indicate the number of shares outstanding of each of the registrants  classes of
common stock, as of the latest practicable date.


Common Stock                                  504,800 Shares Outstanding
$0.001 par value                              as of December 31, 2002

                       Documents Incorporated by reference

     Certain information required by Part III of this Form 10-KSB is included by
reference to the Companys  definitive  proxy statement filed in accordance with
rule 14a-101, Schedule 14A.

Traditional Small Business Disclosure Format (check one):    X      Yes     No

                  The issuers revenues for its most recent year were $651,308.























                                       ii

                             TRIAD INDUSTRIES, INC.
                                TABLE OF CONTENTS
                                PART I                                Page
Item 1.          Description of Business              2-4
Item 2.          Description of Property      4-5
Item 3.          Legal Proceedings          5-6
Item 4.          Submission of Matter to a Vote of Security Holders        6
                                                                PART II
Item 5.          Market for Common Equity and Related Stockholder
                     Matters          6-7

Item 6.          Managements Discussion and Analysis or Plan of
                     Operation         7-8

Item 7.          Financial Statements       8

Item 8.          Changes in and Disagreements with Accountants on
                      Accounting and Financial Disclosure          9

                                                               PART III

Item 9.          Directors, Executive Officers, Promoters and Control persons;
                     Compliance with Section 16(a) of the Exchange Act   9-10

Item 10.         Executive Compensation     10-11

Item 11.        Security Ownership of Certain Beneficial Owners and
                     Management         11

Item 12.        Certain Relationships and Related Transactions         12

Item 13.        Exhibits and Reports on Form 8-K                12


SIGNATURES                  S-1


                                                                   1


ITEM     1.       Description of Business

     All share  issuances,  including share issuance and share issue prices have
been retroactively restated to reflect a reverse stock split of one for twenty.

     Triad Industries, Inc. (the Company) was incorporated under the laws of the
State  of Utah on  November  25,  1985.  The  Company  was  originally  known as
Investment   Marketing,   Inc.   Investment   Marketing,   Inc.  was  originally
incorporated for the purpose of buying,  selling,  and dealing in real property.
At a Special Meeting of the Shareholders  held June 6, 1990 the company name was
changed to Combined  Communication,  Corp. On June 7, 1990 the company completed
the merger and became a Nevada corporation.

     Combined  Communication,  Corp. was in the business of merchandising  video
tapes  through  automated  dispensing  machines.  The  company  exited the video
merchandising  business by selling the merchandising assets to ARS International
in August of 1994.  Combined  Communications  then managed ARS  International in
their merchandising operations until October 1997.

     On October 17, 1997 at a Special Meeting of the  Shareholders,  the company
met to amend the Articles of  Incorporation to change the name of the company to
RB Capital & Equities, Inc.

     On March 15, 1999 at a Special Meeting of the Shareholders HRM (1) reversed
its common stock on a one for ten (1:10)  basis from  262,836 to 26,337  shares
outstanding. Also at the Special Meeting of Shareholders, HRM ratified a plan of
reorganization  whereby Healthcare Resource Management would acquire 100% of the
outstanding  shares of common  stock of RB  Capital  and its  subsidiaries  (Gam
Properties  and Miramar Road  Associates)  for 253,408  shares of HRM post split
common stock and 35,000 shares of $20.00  preferred  stock.  (Gam Properties and
Miramar Road became  subsidiaries of RB Capital on February 26, 1999. RB Capital
& Equities had a note payable to American Health Systems, Inc., for $1.4 million
for these  subsidiaries.  This note was  retired by  issuance  of 35,000  $20.00
preferred  shares and 18,667 shares of pre split common stock to American Health
Systems,  Inc.  for the above  mentioned  note.) RB Capital and  Equities  was a
non-trading   publicly  owned  company.   The  company  has   approximately  400
shareholders. The only significant shareholder was American Health Systems, Inc.
who owned 18,667  (23.5%) of common shares before the merger and 56,000  (17.5%)
of common  shares after the merger.  The 35,000  shares of preferred  stock that
were issued to American Health Systems,  Inc. was for a note payable for the 99%
interest RB Capital had  acquired in Miramar  Road  Associates  on February  28,
1999.  The  acquisition  was accounted for as a  recapitalization  of RB Capital
because the  shareholders  of RB Capital  controlled HRM after the  acquisition.
Therefore, RB Capital is treated as the acquiring entity for accounting purposes
and HRM is the surviving entity for legal purposes.

     On March  15,1999  the  shareholders  also  approved  an  amendment  to the
Articles of Incorporation changing the corporate name to Triad Industries, Inc.

     In September of 1999 Triad Industries  acquired the un-owned 1% interest in
Miramar Road Associates, for cash.
     On June 30, 2000 the Company issued 73,165 shares of common stock at $19.20
per share to purchase  certain assets,  subject to certain  liabilities of three
entities.  The Company issued 44,760 shares of common stock to Northwest Medical
Clinic,  Inc (an S Corp).  The Company  issued  17,330 shares of common stock to
Amerimed  of Georgia and 11,075  shares of common  stock to Florimed of Florida.
The certain assets, subject to certain liabilities were all acquired in separate
transactions.   The  certain  assets,   subject  to  certain   liabilities  were
simultaneously placed in a newly capitalized Corporation named Northwest Medical
Clinic, Inc. Although the prior operating name was used, it should be noted that
the purpose of this  acquisition  was to use the  Companys  public  status to
raise funds  through the sale of common stock to be able to inject  capital into
the medical clinic to change its direction. The personal injury sector that the
clinic had  historically  performed  was no longer a  profitable  due to several
factors.  The main factors were the length of time to collect on an  outstanding
balance from the  insurance  providers,  and the  litigious  nature of insurance
claims.  The  operators of the clinic had  determined  that they must change the
services they provided in order to remain in business.  However,  the clinic did
not have the access to  sufficient  capital  to change  direction.  The  Company
determined  that  they  would  acquire   certain  assets,   subject  to  certain
liabilities  from three entities to capitalize a medical  division balance sheet
(operating  under the name  Northwest  Medical  Clinic Inc),  then,  immediately
inject sufficient capital to change the clinic direction in order for it to be
viable.

     The assets  acquired in the  transaction  was cash of $1,731,  equipment of
$46,125 and $1,512,850 (net of allowance for uncollectible accounts) in accounts
receivable.  The major  liabilities  acquired were notes and accounts payable in
the amount of $135,749.  73,165 shares of common stock were issued at $19.20 per
share for a total of  $1,401,018.  The shares were issued under  Section 4(2) of
the 1933 Securities Act and were issued as restricted securities.

     The  transaction was accounted for as a purchase in accordance with APB No.
16. There were no material  relationships  between the shareholders of Northwest
Medical  Clinic,  Inc.,  and  any  of  the  Companys  affiliates,  officers  or
directors.

     The assets subject to the liabilities of Northwest  Medical  Clinic,  Inc.,
were purchased from shareholders.

     On June 6, 2001 Triad  acquired  100% of the  outstanding  common  stock of
Corporate Capital Formation,  Inc. a Nevada corporation,  in exchange for 45,000
shares of common stock.  The transaction was valued $96,000.  In accordance with
regulation SB 310, the Company was not required to provide pro forma  statements
or two years of prior audits.
     On January 1, 2002  Northwest  Medical  Clinic,  Inc.  was sold back to its
original  shareholders  in  exchange  for the  common  stock  that was issued to
purchase  the  assets  and  liabilities.  Due  to  the  Companys  common  stock
decreasing from $19.20 per share at the time of the acquisition,  to $.40 at the
time of the sale back, the Company  recognized a $1,542,394  loss on the sale of
this discontinued operation.

     As of December  31, 2002 the Company had 504,800  shares of $.001 par value
common  stock   outstanding   and  7,500  shares  of  $1.00   preferred  stock
outstanding.

     The  Company  is not  required  to  deliver  an annual  report to  security
holders.  The  Company  will  send  an  annual  report  with  audited  financial
statements  to a security  holder if  requested.

     The Company is required to file 10KSBs,  10QSBs,  8KSBs,  and various other
reports.  The public may read and copy any  materials the Company files with the
SEC at the SECs Public  Reference  Room at 450 Fifth Street,  N.W.,  Washington,
D.C. 20549. The public may also obtain  information on the Public Reference Room
by calling the SEC at  1-800-SEC-0330.  The SEC  maintains a website where these
reports   may  be  found.   The   address   of  the   website   is  as   follows
http://www.sec.gov.


Subsidiaries

         Triad owns four subsidiaries on a wholly owned basis:

1- RB Capital and Equities,  Inc., a Nevada corporation,  is a financial service
corporation  that operates a merger and  acquisition  consulting  business.  The
company does  corporate  filings and capital  reorganization  business for small
emerging private and public client corporations. 100% owned.

2- Miramar Road Associates,  LLC., a California Limited Liability  Company,  The
LLC.  sold its only holding  which was a 51,000  square foot  commercial  center
located at 6920 Miramar Road, San Diego,  CA 92121.  In May of 2001, the Company
closed the sale of its Miramar  property for  $3,950,000 and paid off $3,000,000
mortgage debt on the property. After paying off the mortgage debt, closing costs
and sales  commission the Company netted $488,000 from the sale of the property.
Therefore, for all intents and purposes Miramar Road and Associates is currently
inactive. 100% owned.

3-  Healthcare  Resource  Management,  Inc.,  a  Nevada  corporation.  Presently
inactive.

4-  Corporate  Capital  Formation,  Inc., a Nevada  Corporation,  is a financial
services corporation that operates a merger and acquisition consulting business.
The company does corporate filings,  capital  reorganizations and resident agent
services for small and emerging private or public companies. 100% owned.

     It should be noted  that  during the  fourth  quarter  of 2001 the  company
consolidated  Gam Properties,  Inc. a subsidiary into the parent holding company
Triad Industries,  Inc. Therefore, Triad Industries Inc., is no longer a holding
company and has business activities of its own.

During 2002, Triad Industries, Inc. sold the residential real estate that it had
acquired from consolidating Gam Properties, Inc.

However,  the Company still  operates a 12,134 square foot  commercial  property
located at 350 W. Ninth Avenue, Escondido, CA 92025.


Services and Operations

     Triad Industries, Inc. Parent Company. Triad owns and operates a commercial
property in San Diego County California.

     350 W. Ninth Street,  Escondido,  California.  This property  consists of a
12,134 square foot commercial  building.  There are a total of eleven tenants as
of December  31, 2002  including  RB Capital & Equities (a  subsidiary  of Triad
Industries, Inc.).

         RB Capital & Equities, Inc.        100% owned
     The Company is in the merger and acquisition  consulting  business.  In the
financial services area the firm prepares S-1, SB2, S-4, and S-18,  Registration
Statements,  15c2-11 filings,  Regulation D 504, 505, and 506 Private  Placement
memorandums with regulatory  filings,  and other SEC reports such as Form 10 and
Form 10SB,  8K and related  filings.  In addition the Company  prepares  Plan of
Reorganization  for Internal Revenue Code, Rule 368 (a)(1)(a),  369(a)(1)(b) and
369c  (a)(1)(c)  for  business  combinations.  The firm also  prepares and files
Articles of Incorporation, By Laws, Officer and Director filings, State reports,
business  plans,  and does  general  accounting  for client  firms.  The Company
arranges  for  independent  auditing  and legal  services  to be  performed  for
clients. The Company does not share fees with other  professionals.  The Company
functions  in  the  Public  Relations  areas  including,   but  not  limited  to
shareholder  letters,   corporate  profiles,  press  releases  based  on  client
information.

         Miramar Road Associates,LLC. 100% owned.
     California Limited Liability Company.  The LLC. sold its only holding which
was a 51,000 square foot  commercial  center  located at 6920 Miramar Road,  San
Diego,  CA 92121.  In May of 2001,  the  Company  closed the sale of its Miramar
property for $3,950,000  and paid off $3,000,000  mortgage debt on the property.
After paying off the  mortgage  debt,  closing  costs and sales  commission  the
Company  netted  $488,000  from the  sale of the  property.  Therefore,  for all
intents and purposes Miramar Road and Associates is
currently inactive.


         Corporate Capital Formation, Inc. 100% owned
     The Company is in the merger and acquisition  consulting  business.  In the
financial services area the firm prepares S-1, SB2, S-4, and S-18,  Registration
Statements,  15c2-11 filings,  Regulation D 504, 505, and 506 Private  Placement
memorandums with regulatory  filings,  and other SEC reports such as Form 10 and
Form 10SB,  8K and related  filings.  In addition the Company  prepares  Plan of
Reorganization  for Internal Revenue Code, Rule 368 (a)(1)(a),  369(a)(1)(b) and
369c  (a)(1)(c)  for  business  combinations.  The firm also  prepares and files
Articles of Incorporation, By Laws, Officer and Director filings, State reports,
business  plans,  and does  general  accounting  for client  firms.  The Company
arranges  for  independent  auditing  and legal  services  to be  performed  for
clients. The Company functions in the Public Relations areas including,  but not
limited to  shareholder  letters,  corporate  profiles,  press releases based on
client  information.  The company  also  performs  resident  agent  services for
outside clients

         Healthcare Resource Management, Inc. 100% owned
     Healthcare  Resource  Management,  Inc., Inc. is a Nevada  corporation that
resulted from the business  combination of Healthcare  Resources and RB Capital.
Healthcare  Resource  Management,  Inc. is  designed to be a medical  management
company, however; it is presently inactive.

Employees

     Including its officers and directors the consolidated  operations  employ 4
full  time  employees.  There  are four full  time  employees  in the  financial
services sector (RB Capital & Equities,  Inc. and Corporate  Capital  Formation,
Inc.).  One employee from the financial  services sector handles the real estate
properties.  This  one  employee  devotes  time on an as  needed  basis  for the
commercial real estate operation. The companies also use independent consultants
for a variety of tasks.

Item 2.  Description of Property

     Triad  Industries,   Inc.,  and  RB  Capital  &  Equities,  Inc.,  occupies
approximately  1645  square  feet of  general  office  space at 350 W. Ninth St,
Escondido,  CA 92025. Triad Industries,  Inc. owns the building. The building is
approximately  12,134 square feet, of this 10,484 is rented to others on a month
to month basis.

     Corporate Capital Formation,  Inc. uses a 100 square foot office located at
2724 Otter  Creek Ct.  #101,  Las Vegas,  NV 891117,  which is  provided  by its
President.

     The  table  below  illustrates  the  purchase  price,  mortgages,   equity,
annualized rental income and occupancy of the commercial property owned by Triad
Industries, Inc. as of December 31, 2002.
                 Purchase                        Interest            Rental
Property           Price        MortgageRate     Equity      Income

350 W. Ninth St. $1,070,000  $ 734,808  7.82%  $335,192  $150,144  100% Occupied
11 tenants


     Five tenants: (1) Manitou Engineering, (2) RB Capital & Equities, Inc., (3)
Embience (4)  Sullivan  Construction  and (5) SCI CA Funerals  occupy 70% of the
building and contribute  67% of the rental revenue with 6 other tenants  renting
the rest of the building.


     The  Balboa-Hornblend  property sold for $391,500 and closed on January 30,
2002.  The property  had a cost of  $386,350,  for a net gain on the sale of the
asset of $5,150.The  Grand Avenue property sold for $350,000 and closed on March
31, 2002.  The Grand Avenue  property had a cost of $261,867,  for a net gain on
the sale of the asset of $88,133.

     In regards to the Companys real estate  holdings there are no limitations,
which have been set by the  Companys  management as to any  limitations  on the
percentage of assets,  which maybe invested into any one investment,  or type of
investment.  This  policy  may  be  changed  without  a vote  of  the  companys
shareholders.  It is the  intent of the  Company  to  acquire  these  properties
primarily for capital appreciation.

     In the opinion of  management,  the property the Company owns is adequately
covered by insurance and in excellent rental condition.

Commercial Property Held by Triad Industries, Inc.

     The company owns a twelve thousand,  one hundred and sixty four square foot
commercial  building  located at 350 West Ninth  Avenue,  San Diego,  California
92025. There are nine tenants leased on a standard  commercial basis, all others
are month to month. There are eight tenants who occupy the building. There are 5
material  tenants  that  occupy  8,557  square feet or 70% of the  building  and
contribute to 67% of the rental income per month.

         Tenant                Square Footage   Annual Rent  Lease Exp. Date
Manitou Engineering                        3,497   $48,192   no lease
RB Capital & Equities, Inc*                1,645         -   no lease
Embience                                   1,375    21,648   9/01/03
Sullivan Construction                      1,020    13,464   2/01/03
SCI CA Funerals                            1,020    16,692   7/31/03

* RB Capital & Equities, Inc. is a subsidiary of Triad Industries,  Inc and does
not pay rent.

Projected Annual Income          $150,144
Projected Service Fees (loans)     68,316
Taxes                              13,380
Rental Rate Per Square Foot      $   1.03


                                            Mortgages

                  Interest Rate   Principal    Note Due Date      Mo. Payment
First Trust Deed    7.82%      $  744,055       6/11/2026             $5,693

     Five tenants: (1) Manitou Engineering, (2) RB Capital & Equities, Inc., (3)
Embience (4)  Sullivan  Construction  and (5) SCI CA Funerals  occupy 70% of the
building and contribute  67% of the rental revenue with 6 other tenants  renting
the rest of the building.

     The table below sets forth the lease expirations of the commercial property
for the next ten years*.

Year # of Tenants Sq. Feet Annual Rent       % of Annual Rent

2003         8     9,009   129,834        86
2004         2     1,532    20,310        14


     * Table does not include RB Capital & Equities,  Inc.  because  they do not
pay rent.  Tenants who pay month to month will be considered to have their lease
expire in the next year. Therefore, there will be ten tenants represented in the
chart above.

     In regards to the Companies real estate  holdings there are no limitations,
which have been set by the  companys  management as to any  limitations  on the
percentage  of assets that maybe  invested into any one  investment,  or type of
investment.  This  policy  may  be  changed  without  a vote  of  the  companys
shareholders.  It is the  intent of the  Company  to  acquire  these  properties
primarily for capital appreciation.

     In the  opinion of  management  all the  properties  the  Company  owns are
adequately covered by insurance and are in excellent rental condition.

     Triad Industries Inc, is not experiencing  heavy competition due to the low
commercial  vacancy  rate in San  Diego.  It should be noted  that  there are no
vacancies in the commercial property the Company owns.

     The Triad  Industries  building is  depreciated.  The federal tax basis for
this depreciation is $1,070,000,  the federal tax rate for depreciation is .017,
and the  depreciation  method used is MACRS (Modified  Accelerated Cost Recovery
System).  The  useful  life of the  property  is deemed to be 31.5 years for tax
purposes.

Item 3.  Legal Proceedings

     The Company is not a part of any material pending legal  proceedings and no
such  action by, or to the best of its  knowledge,  against the Company has been
threatened.

Item 4.  Submission of Matters to Vote of Security Holders

         There were no matters voted on this year by the shareholders.

                                     Part II

Item 5.  Market for Registrants Common Equity and Related Matters

     All share  issuances,  including share issuance and share issue prices have
been retroactively restated to reflect a reverse stock split of twenty to one.

     The Companies  common stock is traded in the NASD Electronic Pink Sheets
under the symbol TRDD.  The company stock has,  during the fiscal year ending
December 31, 2002, traded between $.10 and $1.60 per share. The number of shares
of record of common  stock,  $.001 par value,  of the  Company was 504,800 as of
December 31, 2002. The Company has not yet adopted any policy regarding  payment
of  dividends.  It should be noted  that the  Company  declared a one for twenty
reverse stock split, which was effective on February 28,
2003.

     The high and low bid price  quotations  for the common  stock,  as reported
NASDAQ are as follows for the periods indicated:

                           Low              High
Qtr Ended 3-31-00          $1.80            $6.00
Qtr Ended 6-30-00          $.20             $1.80
Qtr Ended 9-30-00          $.20             $1.80
Qtr Ended 12-31-00         $.20             $1.20
Qtr Ended 3-31-01          $.10             $.40
Qtr Ended 6-30-01          $.20             $1.60
Qtr Ended 9-30-01          $.20             $.60
Qtr Ended 12-31-01         $.10             $.60

     As of December 31,  2002,  the Company has issued and  outstanding  504,800
shares of common stock  outstanding to 499 shareholders of record,  which figure
does not take into account those  shareholders  whose certificates that are held
in the name of broker-dealers.
     The  ability  of an  individual  shareholder  to trade  their  shares  in a
particular  state may be subject to various rules and regulations of that state.
A number of states  require that an issuers  securities  be registered in their
state or  approximately  exempted from  registration  before the  securities are
permitted  to  trade  in that  state,  Presently,  the  Company  has no plans to
register its securities in any particular state. Further, most likely the Common
Stock will be subject to the  provisions  of Section 15(g) and Rule 15g-9 of the
Securities  Exchange Act of 1934,  as amended  (the  Exchange  Act),  commonly
referred  to as the  penny  stock  rule.  Section  15(g)  sets  forth  certain
requirements for transactions in penny stock and Rule 15g-9 (d)(1)  incorporates
the  definition  of  penny  stock  as that  term is used in Rule  3a51-1  of the
Exchange Act.

     The Securities and Exchange Commission (the Commission) generally defined
penny stock to be any equity  security  that has a market  price less than $5.00
per share,  subject to certain  exceptions.  Rule 3a51-1 provides that an equity
security is considered  to be a penny stock unless that security is:  registered
and traded on a national  securities  exchange meeting specified criteria set by
the Commission;  authorization for quotation on The NASDAQ Stock Market;  issued
by a registered investment Company; excluded from the definition on the basis of
price (at least  $5.00  per  share) or the  issuers  net  tangible  assets;  or
exempted from the  definition  by the  Commission.  If the Companys  shares are
deemed to be penny  stock,  trading in the shares will be subject to  additional
sales practice  requirements on broker-dealers  who sell penny stocks to persons
other than established  customers and accredited  investors,  generally  persons
with assets in excess of  $1,000,000  or annual income  exceeding  $200,000,  or
$300,000 together with their spouse.

     For transactions  covered by these rules,  broker-dealers must make special
suitability  determination  for the  purchase of such  securities  and must have
received  the  purchasers  written  consent  to the  transaction  prior  to the
purchase.  Additionally,  for any  transaction  involving  penny  stock,  unless
exempt,  the rules require the delivery,  prior to the first  transaction,  of a
risk  disclosure  document  relating to the penny stock market.  A broker dealer
must also  disclose the  commissions  payable to both the broker  dealer and the
registered representative,  and current quotations for the securities.  Finally,
monthly  statements must be sent disclosing the recent price information for the
penny stock held in the account and  information  on the limited market in penny
stock and/or maintain a market in the Companys  Common Stock and may affect the
ability of shareholders to sell their shares.

         Dividends

     The Company has not declared or paid dividends or made distributions in the
past,  and the Company does not  anticipate  that it will pay cash  dividends or
make distributions in the foreseeable future.

         Recent Sales of Unregistered Securities

     On January 5, 2000,  the Company issued 3,600 shares of common stock to its
directors for services rendered at $1.20 per share, for total consideration of $
4,320.

     On March 1, 2000,  the Company  issued  6,167 shares of common stock to its
president  for  services  for  services  rendered at $2.92 per share,  for total
consideration of $ 18,000.

     On June 15,  2000,  the  Company  issued  3,600  shares of common  stock to
directors for services rendered at $10.00 per share, for total  consideration of
$36,000.

     On June 30,  2000,  the Company  issued  73,165  shares of common  stock at
$19.20 per share to purchase certain assets,  subject to certain  liabilities of
three  entities.  The Company  issued 44,760 shares of common stock to Northwest
Medical  Clinic,  Inc (an S Corp).  The Company  issued  17,330 shares of common
stock to Amerimed of Georgia  and 11,075  shares of common  stock to Florimed of
Florida. Total consideration received was $1,401,018.

     On June 30,  2000,  the Company also issued 1,829 shares of common stock at
$19.20 per share,  to Donner  Investment  Corp.  as a finders  fee for the above
transaction. Total consideration paid was $35,120.

     On October  1, 2000,  10,000  shares of common  stock were  issued to Novak
Capital  Corporation as fees for Investor  Relations  Services.  The shares were
issued at $4.00 per share, for total consideration of $40,000.
     On December  12, 2000,  the Company  issued  14,400  shares to officers and
directors for services  rendered at $4.70 per share, for total  consideration of
$67,680.
..
     On January 15, 2001,  the Company  issued 2,500 shares of common stock to 5
employees of Northwest  Medical  Clinic  under the  Companys  Gross Annual Wage
Bonus Plan at $3.40 per share, for total consideration of $8,500.

     On January 18,  2001,  the Company  issued  7,238 shares of common stock to
eight employees of the Company for services  accrued in the amount of $30,324 as
of the year ended 2000 at $2.98 per share.

     On February 21, 2001, the Company issued 1,255 shares of common stock to an
employee for  services  rendered at $3.40 per share and total  consideration  of
$3,740.

     On March 1, 2001,  the Company  issued 35,000 shares to management  and key
employees  under the Companys employee  stock  options  plan.  The shares were
issued at $3.40 per share and a stock  subscription  receivable  was recorded on
the Companys books in the amount of $119,000.

     On June 6, 2001 the Company  issued  45,000 shares of common stock at $2.20
per share in exchange  for 100% of the shares of  Corporate  Capital  Formation,
Inc. and total consideration of $96,000.

     On June  22,  2001  the  Company  issued  18,000  shares  of  common  stock
collectively to directors shares to directors for services  rendered at $.60 per
share for services rendered in the amount of $10,800.

     On, October 1, 2001 the company retired the stock  subscription  receivable
that was  issued on March 1, 2001.  The  35,000  shares  that were  issued  were
cancelled and the stock subscription receivable was retired.

     On January 1, 2002  Northwest  Medical  Clinic,  Inc.  was sold back to its
original shareholders in exchange for the 73,165 shares of common stock that was
issued to purchase the assets and liabilities. Due to the Companys common stock
decreasing from $19.20 per share at the time of the acquisition,  to $.40 at the
time of the sale back, the Company  recognized a $1,542,394  loss on the sale of
this discontinued operation.

     On October 15, 2002 American  Health Systems,  Inc.  converted on a two for
one basis 35,000 shares of preferred stock it had held.  Therefore,  the Company
issued 70,000 shares of common stock for this conversion.

     All of the above issued shares were issued in accordance  with section 4(2)
of the 1933 Securities Act and bear a restrictive legend.

     As of December 31, 2002 the Company has a total of 504,800 shares of common
stock outstanding.

     It should be noted that the Company declared a one for twenty reverse stock
split, which was effective on February 28, 2003.

Description of Securities

     All shares of Common  Stock have equal rights and  privileges  with respect
voting  liquidation and dividend rights.  All shares of Common Stock entitle the
holder thereof to (i) one  non-cumulative  vote for each share held of record on
all matters submitted to a vote of the stockholders; (ii) to participate equally
and to receive  any and all such  dividends  as may be  declared by the Board of
Directors out of funds legally available therefore; and (iii) to participate pro
rata in any distribution of assets  available for distribution  upon liquidation
of the Company. Stockholders of the Company have no preemptive rights to acquire
additional shares of Common Stock or any other  securities.  The Common Stock is
not subject to redemption and carries no subscription or conversion  rights. All
outstanding shares of Common Stock are fully paid and non-assessable.  There are
no provisions in Triad Industries,  Inc.,  charter or bylaws that would prevent,
delay or defer a change in control.

     As of  December  31,  2002,  there are no  warrants  outstanding.  The only
convertible  securities  that are  outstanding  consist  of  150,000  shares  of
preferred  stock,  which convert on a two for one basis. It should be noted that
in conjunction  with the Companys one for twenty  reversal,  after February 28,
2003, there will be only 7,500 preferred shares outstanding.

     No common stock has been proposed to be offered publicly by the Company.

     The preferred stock is (1) non- voting stock, (2) convertible at the second
anniversary  from issuance on a two for one (2:1) basis to common stock, (3) has
a  preference  over  common  stock to be paid $1.00 per share as a  preferential
liquidation.





Dividend Policy

     The Company has not declared or paid dividends or made distributions in the
past,  and the Company does not  anticipate  that it will pay cash  dividends or
make distributions in the foreseeable future.

Item 6.  Managements Discussion and Analysis or Plan of Operation

     The following discussion pertains to the Companys results of operations as
of the years ended  December  31, 2002 and 2001.  The Company  consolidates  the
operations of RB Capital and Equities, Inc., Corporate Capital Formation,  Inc.,
(financial services sector), and Triad Industries, Inc. (real estate sector).

     On January 1, 2002  Northwest  Medical  Clinic,  Inc.  was sold back to its
original  shareholders  in  exchange  for the  common  stock  that was issued to
purchase  the  assets  and  liabilities.  Due  to  the  Companys  common  stock
decreasing from $19.20 per share at the time of the acquisition,  to $.40 at the
time of the sale back, the Company  recognized a $1,542,394  loss on the sale of
this  discontinued  operation.  Due to this Northwest  Medical  Clinic,  Inc. is
presented as a discontinued operation.

     Triad Industries,  Inc. operates the commercial building.  Overall the real
estate sector 100% occupancy from its commercial property.

     RB Capital & Equities Inc, and Corporate Capital Formations,  inc. had weak
revenues  when  compared  to the prior  year.  Management  attributes  this to a
further softening stock market and investors looking for more secure investments
than equities.  This affects RB Capital & Equities,  Inc. and Corporate  Capital
Formations, Inc. greatly, due to the fact that the Company derives its revenues
from  performing  consulting work for companies that wish to soon trade publicly
and derive their  operating  capital from public  investment.  In the opinion of
management,  a downtrodden stock market, a decrease in initial public offerings,
and the public keeping their money out of equities all had a negative  affect on
RB  Capital &  Equities,  Inc.  The  Company  does not  expect to  purchase  any
significant equipment during the next twelve months.

     Management  does not intend to hire additional  employees;  the only hiring
would  be to  replace  a  vacated  position.  In  such  cases,  compensation  to
management and employees will be consistent with  prevailing  wages for services
rendered.



Results of Operations

     Revenues  totaled  $651,308 as of December 31, 2002 compared to $873,099 as
of December 31, 2001; this is a decrease of approximately  25%. The decrease can
largely  be  explained  by the sale  back of  Northwest  Medical  Clinic,  Inc.,
Amerimed, and Florimed (now presented as a discontinued operation).  The sale of
the last two  residential  rental  properties  the Company held during the first
quarter of 2002 also  attributed to this decrease.  Further  contributing to the
decrease in revenues was the poor performance of the financial services sector.

         Revenue for the years ended December 31, 2002 and 2001 by sectors

                             2002         2001
Continuing Operations

RB Capital                    $400,645   $592,561
Miramar Road **                      -    129,218
Corporate Capital Formation     64,760     63,250
Triad Industries, Inc.         185,902     88,070

Discontinued Operations

Northwest Medical*                -     1,077,210

     *Triad  Industries,  Inc. sold Northwest Medical Clinic January 1, 2002 and
is  now  presented  as  a  discontinued  operation  in  the  Companys  financial
statements.  ** Miramar Road Associates sold their commercial building in May of
2001.

     For the year ended  December  31,  2002 the  Company  had net  income  from
continuing  operations  of  $84,569  compared  to a net  loss  from  continuing
operations of $64,810 for the same period of 2001.  For the year ended  December
31,  2002,  the Company had a net loss of  $1,457,825  compared to net income of
$56,249 for the same period the year before.

     Revenues totaled $651,308 as of December 31, 2002,  compared to $873,099 as
of December 31, 2001; this is a decrease of  approximately  25%. The sale of the
last two residential rental properties the Company held during the first quarter
of 2002  contributed to this decrease.  Further  contributing to the decrease in
revenues was the poor performance of the financial  services  sector.  The major
factor  contributing  to the drop in revenues for the financial  services sector
was the  amount  of common  stock  received  for  services.  For the year  ended
December 31, 2002 the Company  recognized  $150,000 in common stock received for
services,  compared to $365,916 for the same period the year  before.  Corporate
Capital Formation, had revenues comparable to the year before. However, in 2001,
the Company  owned  Corporate  Capital for only six  months.  Corporate  Capital
Formation Inc.,  attributes the lack of revenues do to weak financial markets. A
large  majority of Corporate  Capital  Formations,  Inc.  clients rely on public
funding to operate, due to poor economic conditions public funding was difficult
to come by for their clients.  Rental revenues  dropped $168,526 due to the sale
of the  Miramar  Road  property  and  purchasing  a smaller  building  with less
rentable square footage.  The sale of the last two residential rental properties
the  Company  held  during  the first  quarter of 2002 also  attributed  to this
decrease.

     The Company  having income from  continuing  operations  for the year ended
December  31,  2002  compared  to a  loss  from  continuing  operations  can  be
attributed to several factors.  There was a $40,506 decrease in Depreciation and
Amortization,  which can mostly  again be  attributed  to the Miramar  Road sale
which was on the  Companys  books for about half of last year.  The Company also
had gains on the sale of assets in the  amount  of  $93,283  for the year  ended
December 31, 2002. The Balboa-Hornblend property sold for $391,500 and closed on
January 30, 2002.  The  property  had a cost of $386,350,  for a net gain on the
sale of the asset of $5,150.  The Grand  Avenue  property  sold for $350,000 and
closed on March 31, 2002. The Grand Avenue property had a cost of $261,867,  for
a net gain on the sale of the asset of $88,133. General and Administrative costs
decreased  $613,524  from  2001  to  2002  mostly  due  to the  Company  further
downsizing in difficult financial times.. It should be noted that costs of sales
and general and  administrative  costs  decreased  almost 60%.  The Company also
recognized  a loss of $25,691  from an  investment  in another  company  that is
accounted for under the equity method.  The Company  realized a gain of $106,366
from the sale of  securities  compared to $27,703 in the prior year.  Management
does not attribute this increase to any single factor,  except that for the year
ended December 31, 2001 was substantially lower than in past years.

     Bad Debt also  decreased  significantly  from  $254,554  for fiscal 2001 to
$55,504 for fiscal  2002.  The reason for the decrease in bad debt expense was a
large note receivable being written off. The note was secured by securities that
are now for all intents and purposes worthless.
     Interest  expense also  decreased from $185,583 for the year ended December
31,  2001 to $75,758  for the year ended  December  31,  2002.  This can also be
attributed to the Miramar Road Sale and the disposition of the residential  real
estate properties.





                            Income Statement Summary
                                   December 31

                                           2002     2001

Revenues                              651,308      873,099

Total Operating Costs                 537,832    1,365,619

Income (Loss)from Operation           113,476     (492,520)

Other Income/ (Expense)                59,109      439,793

Net Income / (Loss) From              172,585      (52,727)
Continuing Operations Before Tax






                        FINANCIAL INFORMATION RELATING TO
                        INDUSTRY SEGEMENTS AND CLASSES OF
                              PRODUCTS OR SERVICES

                                      YEAR
                                             2000         2001            2002

Sales to unaffiliated customers:
Miramar Road Associates, LLC. * /
Triad Industries, Inc.
Commercial Real Estate Rental Revenue       593,483       235,008       130,662
Gam Properties, Inc.     **
Residential Real Estate Rental Revenue      116,069        71,880         7,700
RB Capital and Equities, Inc. /
Triad Industries/
Corporate Capital Formation, Inc.
Financial Service Revenue                   423,405       566,211       512,946

Intersegment Sales
Miramar Road Associates, LLC.                     -             -             -
Gam Properties, Inc.                              -             -             -
RB Capital and Equities, Inc.                     -             -             -
Triad Industries, Inc.                            -             -             -
HRM                                               -             -             -
Northwest Medical Clinic, Inc.                    -             -             -
Corporate Capital Formation, Inc.

Operating Profit/Loss
Miramar Road Associates, LLC.*              211,861      (622,364)            -
Gam Properties, Inc.                         15,257             -             -
RB Capital and Equities, Inc.               (64,598)      275,909       161,846
Triad Industries, Inc.                     (218,492)     (116,734)      (32,909)
HRM                                            (355)            -             -
Corporate Capital Formation, Inc.                 -       (28,460)      (15,462)
Triad Realty Inc.                                 -          (870)            -

Identifiable Assets
Miramar Road Associates, LLC.*            3,783,450             -             -
Gam Properties, Inc.**                    1,035,299             -             -
RB Capital and Equities, Inc.               582,973       804,334       190,611
Triad Industries, Inc.**                    601,522     2,760,124     2,050,617
HRM                                          3,026         3,026          3,028
Northwest Medial Clinic, Inc***             1,632,711     1,697,909           -
Corporate Capital Formation, Inc.                 -       170,178       113,525


*        Miramar Road Associates sold their commercial building in May of 2001.
**       Triad sold the last two residential properties it owned in the first
quarter of 2002.
***      Northwest Medical Clinic, Inc. sold on January 1, 2002. (Presented as
a Discontinued Operation)
****     Corporate Capital Formation, Inc. was acquired on June 6, 2001.


     RB Capital and Equities,  Inc. had an operating profit of $161,846 compared
to an  operating  profit of  $275,909.  There was a  decrease  of  approximately
$102,000 in consulting  revenues from this financial  services  subsidiary.  The
main  contributing  factor was for the year ended  December 31, 2002 the Company
recognized $150,000 in common stock received for services,  compared to $365,916
for the same period the year before. Rental expense decreased $23,016 due to the
Company using office space  provided by Triad  Industries,  Inc.  Salary expense
also  decreased  by about  $104,580.  This is due to the  Company  further  down
sizing, due to a down economy.  However,  in comparison  operating costs for the
most part remained constant except for those disclosed above.

     Corporate  Capital  Formation,  Inc, had a net  operating  loss of $15,462,
compared  to a net  operating  loss of $28,460  for the year  before.  Corporate
Capital Formation, Inc., had revenues comparable to the year before. However, in
2001, the Company owned Corporate Capital for only six months. Corporate Capital
Formation Inc.,  attributes the lack of revenues do to weak financial markets. A
large  majority of Corporate  Capital  Formations,  Inc.  clients rely on public
funding to operate, due to poor economic conditions public funding was difficult
to come by for their clients.  In conjunction  with revenue being  approximately
half of the year before, operating expenses also followed the same trend. Salary
expense was the only material item to change in comparison of Corporate  Capital
Formation,  Inc. general and administrative  expenses.  Salary expense decreased
approximately  $50,000 when  comparing  December 31, 2002, to the same period of
2001.

     Triad  Industries,  Inc.  the  parent  company  had an  operating  loss  of
$(32,909)  compared to an operating  loss of  ($116,734)  for the same period of
2001. It is difficult to present  comparative  information for Triad Industries,
Inc.  This is due to the fact that the main  operation of the parent  Company is
the 350 West Ninth  Avenue  building,  which was acquired in the middle of 2001.
The  operating  costs of the  building  are for the most part fixed,  except for
miscellaneous   maintenance   items,  which  occur  from  time  to  time.  Triad
Industries,  Inc. did have higher revenues due to having the commercial property
holding for the entire year of 2002 when  compared to 2001.  Administrative  and
general costs of the parent company have also remained fairly steady in terms of
year to year
comparison.

Discontinued Operations

     The Company did have a loss from  discontinued  operations  of  $1,542,394.
This was due to Northwest  Medical Clinic,  Inc. being sold back to its original
shareholders  in exchange  for the common  stock that was issued to purchase the
assets and liabilities.  Due to the Companys common stock decreasing from $19.20
per share at the time of the acquisition,  to $.40 at the time of the sale back,
the  Company  recognized  a  $1,542,394  loss on the  sale of this  discontinued
operation.  Comparative  information  is  not  presented  for  the  discontinued
operation  due to it being  sold on the  first  day of the year and  comparative
information would not provide any meaningful comparison.

Recent Accounting Pronouncements

     SFAS No. 145 -- On April 30, 2002,  the FASB issued FASB  Statement No. 145
(SFAS 145),  Rescission of FASB Statements No. 4, 44, and 64, Amendment of FASB
Statement  No. 13,  and  Technical  Corrections.  SFAS 145  rescinds  both FASB
Statement No. 4 (SFAS 4),  Reporting  Gains and Losses from  Extinguishment  of
Debt  and  the  amendment  to  SFAS  4,  FASB  Statement  No.  64  (SFAS  64),
Extinguishments  of Debt Made to Satisfy  Sinking-Fund  Requirements.  Through
this  rescission,  SFAS 145 eliminates the  requirement (in both SFAS 4 and SFAS
64) that gains and losses from the  extinguishment of debt be aggregated and, if
material,  classified as an  extraordinary  item,  net of the related income tax
effect.  However,  an entity is not prohibited from  classifying  such gains and
losses as extraordinary  items, so long as it meets the criteria in paragraph 20
of  Accounting  Principles  Board  Opinion  No.  30,  Reporting  the  Results of
Operations  Reporting  the Effects of  Disposal of a Segment of a Business,  and
Extraordinary,  Unusual  and  Infrequently  Occurring  Events and  Transactions.
Further,  SFAS 145 amends paragraph 14(a) of FASB Statement No. 13,  Accounting
for  Leases,   to  eliminate  an  inconsistency   between  the  accounting  for
sale-leaseback  transactions and certain lease  modifications that have economic
effects that are similar to sale-leaseback transactions.  The amendment requires
that a lease  modification (1) results in recognition of the gain or loss in the
9 financial statements, (2) is subject to FASB Statement No. 66,Accounting for
Sales of Real  Estate, if the leased asset is real estate  (including  integral
equipment),  and (3) is subject (in its entirety) to the sale-leaseback rules of
FASB  Statement  No. 98,  Accounting  for Leases:  Sale-Leaseback  Transactions
Involving Real Estate, Sales-Type Leases of Real Estate, Definition of the Lease
Term, and Initial Direct Costs of Direct Financing Leases.  Generally,  FAS 145
is effective for transactions  occurring after May 15, 2002. The  implementation
of SFAS 145 did not have a material effect on the financial statements.

     SFAS No. 146 -- In June 2002, the FASB issued SFAS No. 146, "Accounting for
Exit or Disposal  Activities" (SFAS 146). SFAS 146 addresses  significant issues
regarding  the  recognition,  measurement,  and  reporting  of  costs  that  are
associated with exit and disposal activities, including restructuring activities
that are currently accounted for under EITF No. 94-3, "Liability Recognition for
Certain  Employee  Termination  Benefits  and  Other  Costs to Exit an  Activity
(including  Certain Costs Incurred in a  Restructuring)."  The scope of SFAS 146
also  includes  costs  related to  terminating  a contract that is not a capital
lease and termination  benefits that employees who are involuntarily  terminated
receive under the terms of a one-time benefit arrangement that is not an ongoing
benefit arrangement or an individual  deferred-compensation  contract.  SFAS 146
will be  effective  for exit or disposal  activities  that are  initiated  after
December 31, 2002 and early  application is  encouraged.  The provisions of EITF
No. 94-3 shall  continue to apply for an exit activity  initiated  under an exit
plan that met the  criteria of EITF No. 94-3 prior to the  adoption of SFAS 146.
The effect on adoption of SFAS 146 will change on a prospective basis the timing
of when the  restructuring  charges are recorded from a commitment date approach
to when the liability is incurred. The implementation of SFAS 146 did not have a
material effect on the financial statements.

     SFAS  No.  147 -- In  October  2002,  the FASB  issued  Statement  No.  147
Acquisitions  of  Certain  Financial   Institutions    an  amendment  of  FASB
Statements No. 72 and 144 and FASB  Interpretation  No. 9 (SFAS 147).  SFAS 147
removes acquisitions of financial  institutions from the scope of both Statement
72 and Interpretation 9 and requires that those transactions be accounted for in
accordance with FASB  Statements No. 141,  Business  Combinations,  and No. 142,
Goodwill and Other  Intangible  Assets.  Thus, the requirement in paragraph 5 of
Statement 72 to recognize  (and  subsequently  amortize)  any excess of the fair
value of  liabilities  assumed over the fair value of tangible and  identifiable
intangible  assets  acquired  as an  unidentifiable  intangible  asset no longer
applies to acquisitions  within the scope of this Statement.  In addition,  this
Statement  amends FASB  Statement  No. 144,  Accounting  for the  Impairment  or
Disposal   of   Long-Lived   Assets,   to   include   in  its  scope   long-term
customer-relationship  intangible  assets  of  financial  institutions  such  as
depositor- and  borrower-relationship  intangible  assets and credit  cardholder
intangible assets. Consequently, those intangible assets are subject to the same
undiscounted cash flow  recoverability  test and impairment loss recognition and
measurement  provisions that Statement 144 requires for other long-lived  assets
that  are  held  and  used.   SFAS  147  is  effective   October  1,  2002.  The
implementation  of SFAS  147 did not have a  material  effect  on the  financial
statements.

     SFAS No. 148 -- In December 2002, the FASB issued SFAS No. 148, "Accounting
for Stock-Based  Compensation -- Transition and Disclosure"(SFAS 148). SFAS 148
amends SFAS No. 123 "Accounting for Stock-Based  Compensation"  (SFAS 123), to
provide  alternative  methods of transition  for a voluntary  change to the fair
value based method of  accounting  for  stock-based  employee  compensation.  In
addition,  SFAS 148 amends the  disclosure  requirements  of SFAS 123 to require
prominent  disclosures in both annual and interim financial statements about the
method of accounting for stock-based employee compensation and the effect of the
method  used on  reported  results.  SFAS  148 is  effective  for  fiscal  years
beginning  after  December  15,  2002.  The interim  disclosure  provisions  are
effective for financial  reports  containing  financial  statements  for interim
periods  beginning after December 15, 2002. The Company is currently  evaluating
the effect that the adoption of SFAS 148 will have on its results of  operations
and financial condition.

Inflation

     In the opinion of management,  inflation will not have a material effect on
the operations of Triad Industries Inc.

Liquidity and Capital Resources

     The Company has  approximately  a .56:1 current  ratio.  As of December 31,
2002 the Company has $169,247 in current  assets  compared to $3,387,499 for the
same period of 2001. For the year ended December 31, 2002 cash increased $4,189,
accounts  receivable  decreased  $362,149,  advanced expenses decreased $ 5,815,
marketable  securities  decreased  $504,158,  and assets held for sale decreased
$716,514  due to the  sale of the  last  two  residential  properties.  Accounts
receivable from the medical clinic  decreased  $1,633,083 due to the sale of the
medical  assets  and  liabilities  to its  former  owners.  Current  liabilities
decreased  from  $1,100,109 for the year ended December 31, 2001 to $300,173 for
the year ended  December 31, 2002. The major factor related to this change was a
$549,000  decrease in current notes  payable on real estate,  due to the sale of
the available for sale  properties.  The  outstanding  balance on the RB Capital
line of credit also decreased by about $23,000.  Other significant  decreases in
liabilities  included a $48,639  decrease  in  accounts  payable  and a $172,302
decrease in loans payable.


                              Balance Sheet Summary
                                   December 31

                            2002             2001

Total Current Assets          169,247   3,387,499
Property (net)              1,074,900   1,077,363

Total Assets                2,357,781   5,435,571

Current Liabilities           300,173   1,100,109

Long Term Liabilities         583,898     845,159

Total Liabilities             884,071   1,945,268

Total Stockholders Equity   1,473,710   3,490,303

Total Liabilities and
Stockholders Equity         2,357,781   5,435,571

     The Company no longer has access to a credit line it had established.  This
is due to the prior  Company  president  Gary DeGano  leaving the  Company.  Mr.
DeGano was the guarantor of the line of credit. Due to his retiring, the line of
credit was no longer  available for use.  However,  the Company can pay down the
remaining  balance over  approximately  ten years. As of December 31, 2002 there
was $7,038 outstanding on this line of credit.

     Triad Industries,  Inc., has $ 169,247 in current assets including $ 19,832
in cash. The Company  believes the $57,001 it holds in marketable  securities to
be very  liquid.  The  marketable  securities  can be converted to cash in under
three days.  The Company  holds $ 82,312 in  accounts  receivable.  This is also
highly liquid,  however;  this liquidity  depends on the party the amount is due
from. Allowances for bad debt have been made where appropriate.  Due to the fact
Triad Industries is a consolidated parent holding company Triad Industries, Inc.
will use revenues  from  Miramar Road  Associates,  LLC, Gam  Properties  and RB
Capital & Equities to satisfy Triads short- term cash requirements.

     In the event,  outside funding is necessary;  the Company will  investigate
the possibility of interim financing, either debt or equity, to provide capital.
Although, management has not made any arrangements or definitive agreements, the
Company  would  consider  private  funding  or  the  private  placements  of its
securities and/or public offering.

Net Operating Losses

     The Company has accumulated  $(2,446,806) of net operating losses and other
comprehensive  losses of $(640,614)  as of December 31, 2002,  which may used to
reduce taxes in future  years  through  2022.  The use of these losses to reduce
future income taxes will depend on the  generation of sufficient  taxable income
prior to the expiration of the net operating loss carryforwards. It should be
noted that the company has recorded a deferred tax benefit on thier books
in the amount of $935,343 as of December 31, 2002 compared to a benefit of
$574,553 for the same peiod the year before.

     In the event of certain changes in control of the Company,  there will be a
annual  limitation on the amount of the net operating loss  carryforwards  which
can be used. The potential tax benefit of the net operating  loss  carryforwards
have been offset by a valuation allowance of the same amount.

     It should be noted that a tax benefit carryforward provides benefits to the
Company  when  there is net  income.  There are  uncertainties  surrounding  the
realization of the deferred tax asset. The biggest  uncertainty  would stem from
the Company having the ability to operate on a profitable  basis. In the opinion
of management this is attainable.  Management  anticipates that net income would
have to increase  by about  $300,000 a year  during the  carryforward  period to
recognize this benefit

Risk Factors and Cautionary Statements

     Forward-looking  statements  in this report are made  pursuant to the safe
harbor provisions of the Private Securities  Litigation Reform Act of 1995. The
Company  wished to advise  readers that actual  result may differ  substantially
from such forward-looking  statements,  forward-looking statements involve risks
and  uncertainties  that could cause actual  results to differ  materially  from
those expressed in or implied by the statements,  including, but not limited to,
the following: the ability of the Company to complete development of its primary
products  and its  ability  to  successfully  market  its  product  if and  when
developed and other risks detailed in the Companys periodic report filings with
the Securities and Exchange Commission.


Item 7.  Financial Statements and Supplementary Data


                                              TRIAD INDUSTRIES, INC.
                                      (Formerly RB Capital & Equities, Inc.)
                                  Notes to the Consolidated Financial Statements
                                         As of December 31, 2002 and 2001

To the Board of Directors
Triad Industries, Inc.
(Formerly RB Capital & Equities, Inc.)
350 West 9th Avenue., Suite A
Escondido, CA  92025


                           INDEPENDENT AUDITORS REPORT


     We have  audited  the  accompanying  consolidated  balance  sheets of Triad
Industries,  Inc. (Formerly RB Capital & Equities, Inc.) as of December 31, 2002
and 2001 and the  related  consolidated  statements  of  operations,  changes in
stockholders  equity and cash flows for the years then ended.  These  financial
statements   are  the   responsibility   of  the   Companys   management.   Our
responsibility  is to express an opinion on these financial  statements based on
our audit.

     We conducted our audit 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 consolidated  financial  statements  referred to above
present  fairly,  in all  material  respects,  the  financial  position of Triad
Industries,  Inc.  as of December  31,  2002 and 2001,  and the results of their
operations  and their cash flows for the years  then  ended in  conformity  with
accounting principles generally accepted in the United States of America.

As discussed in Note 2e, the Companys financial  statements have been presented
on the basis that it is a going concern.  The accompanying  financial statements
do not  include  any  adjustments  to the  financial  statements  that  might be
necessary should the Company continue as a going concern.




__________________________________
ARMANDO C. IBARRA, C.P.A.  APC

March 29, 2003
Chula Vista, California




                        TRIAD INDUSTRIES, INC.
                (Formerly RB Capital & Equities, Inc.)
                      Consolidated Balance Sheets
                                ASSETS
                               As of        Year Ended
                             December 31,   December 31,
                               2002             2001
CURRENT ASSETS
Cash                       $   19,832   $   15,643
Accounts receivable            82,312      444,461
Accounts receivable
medical clinic                      -    1,633,083
Advance expenses                    -        5,815
Marketable securities
(see note 8)                   57,001      561,159
Escrow account -
property taxes                 10,102       10,824
Assets held for sale                -      716,514
Total Current Assets          169,247    3,387,499
NET PROPERTY & EQUIPMENT    1,074,900    1,077,363
OTHER ASSETS
Investments in other
ompanies (see note 9)         171,389      388,832
Net loan fees                   6,902        7,324
Deferred tax benefit          935,343      574,553
Total Other Assets          1,113,634      970,709
TOTAL ASSETS               $2,357,781   $5,435,571



                        TRIAD INDUSTRIES, INC.
                (Formerly RB Capital & Equities, Inc.)
                      Consolidated Balance Sheets
                 LIABILITIES AND STOCKHOLDERS' EQUITY
                                           As of         Year Ended
                                         December 31,    December 31,
                                            2002              2001
CURRENT LIABILITIES
Accounts payable                       $    25,087    $    73,726
Loans payable                              105,800        278,102
Line of credit                               7,038         30,078
Taxes payable                                6,251         10,024
Security deposits                            5,087          8,269
Notes payable on assets
held for sale                                    -        549,000
Trust deeds and mortgages
Short-term portion                         150,910        150,910
Total Current Liabilities                  300,173      1,100,109
LONG-TERM LIABILITIES
Trust deeds and mortgages
Long-term portion                          583,898        845,159
Total Long-Term Liabilities                583,898        845,159
TOTAL LIABILITIES                          884,071      1,945,268
STOCKHOLDERS' EQUITY
Preferred stock ($1.00 par
value, 10,000,000 shares
authorized 7,500 and
2,500  shares issued and
outstanding for 2002
and 2001, respectively)                      7,500         42,500
Common stock ($0.001 par
value, 50,000,000 shares
authorized 504,800 and
506,908 shares issued and
outstanding for 2002
and 2001, respectively)                        504            507
Additional paid-in capital               4,615,626      4,609,889
Stock subscription receivable              (62,500)       (62,500)
Accumulated other comprehensive loss      (640,614)      (111,113)
Retained earnings (deficit)             (2,446,806)      (988,981)
Total Stockholders' Equity               1,473,710      3,490,303
TOTAL LIABILITIES
& STOCKHOLDERS' EQUITY                 $ 2,357,781    $ 5,435,571



                    TRIAD INDUSTRIES, INC.
            (Formerly RB Capital & Equities, Inc.)
            Consolidated Statements of Operations
                                     Year Ended      Year Ended
                                     December 31,    December 31,
                                        2002           2001
REVENUES
Consulting income                   $   512,946    $   566,211
Rental income                           138,362        306,888
Total Revenues                          651,308        873,099
Costs of revenues                       (48,530)       (23,240)
GROSS PROFIT                            602,778        849,859
OPERATING COSTS
Bad debt expense                         55,504        254,554
Depreciation expense                     31,130         71,633
Administrative expense                  402,668      1,016,192
Total Operating Costs                   489,302      1,342,379
OPERATING INCOME (LOSS)                 113,476       (492,520)
OTHER INCOME & (EXPENSES)
Interest income                           2,696          6,897
Other income                              2,986         19,812
Other expenses                          (45,173)             -
Net realized gain on
sale of marketable securities           106,366         27,703
Loss In investment
(see note 9)                            (25,691)
Net gain (loss) on
disposable assets                        93,283        570,964
Finance charges                             400              -
Interest expense                        (75,758)      (185,583)
Total Other Income
& (Expenses)                             59,109        439,793
INCOME (LOSS) FROM CONTINUING
OPERATIONS BEFORE TAX                   172,585        (52,727)
INCOME TAX (PROVISION) BENEFIT          (88,016)       (12,083)
INCOME (LOSS) FROM CONTINUING
OPERATIONS AFTER TAX                $    84,569        (64,810)
DISCONTINUED OPERATIONS
Gain on operations of Northewest
Medical Clinic, Inc.                          -        121,059

Loss on sale of Northwest Medical
Clinic, Inc.                         (1,542,394)             -

NET INCOME (LOSS)                   $(1,457,825)        56,249
BASIC INCOME (LOSS) PER SHARE
Income (loss) from
continuing operations               $      0.19   $     (0.13)
Income (loss) from
discontinued operations             $     (3.44)   $      0.24
BASIC INCOME (LOSS) PER SHARE       $     (3.25)   $      0.11
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING                448,702        499,056
DILUTED INCOME (LOSS) PER SHARE
Income (loss) from
continuing operations               $      0.23    $     (0.11)
Income (loss) from
discontinued operations             $     (2.93)   $      0.21
DILUTED INCOME (LOSS) PER SHARE     $     (2.70)   $      0.10
WEIGHTED AVERAGE OF DILUTED
COMMON SHARES OUTSTANDING               526,222        584,056



                       TRIAD INDUSTRIES, INC.
               (Formerly RB Capital & Equities, Inc.)
        Consolidated Statement of Comprehensive Income (Loss)
                                            Year Ended       Year Ended
                                            December 31,     December 31,
                                              2002              2001
Net Income (Loss) - Net of Tax            $(1,457,825)       (56,249)
Other Comprehensive
Income (Loss) :
Unrealized gain (loss) on securities       (802,276)        (100,970)
Total Other Comprehensive Income (Loss)    (802,276)        (100,970)
Other Comprehensive Income (Loss)
Before Income Taxes                        (802,276)        (100,970)
Income Tax (Provision) Benefit
related to Items of
Comprehensive Income (Loss)                 272,775           16,979
Total Other Comprehensive
Income (Loss)                            $ (529,501)         (83,991)


           TRIAD INDUSTRIES, INC.
         (Formerly RB Capital & Equities, Inc.)
           Consolidated Statement of Stockholders' Equity
            From December 31, 1997 to December 31, 2002

                                    Preferred Preferred    Common      Common
                                     Shares     Stock      Shares      Stock

 Balance, December 31, 1997                 -        $ -     118,033      $ 117

Common stock issued June 17,1998
for securities valued @ $21.38 per share                         660          1

Common stock issued June 17, 1998 for
securities valued @ $18 per share                              3,000          3

Common stock issued June 17, 1998
for securities valued @ $1.67 per share                          750          1

Common stock issued June 17, 1998
for note payable @ $6.66 per share                             1,524          2

Common stock issued June 17, 1998
for securities valued @ $6.66 per share                        6,750          8

Common stock issued June 17, 1998
for services (officers) valued @ $6.66
per share                                                     15,000         15

Common stock issued November 4,
1998 for subscription receivable
 @ $3.33 per share                                            18,750         18

Common stock issued December 31, 1998
for note payable @ $6.45 per share                               938          1

Common stock issued December 31, 1998
for management fees @ $6.66 per share                          3,038          3

Common stock issued December 31, 1998
for note payable @ $6.66 per share                             3,024          3

Common stock issued December 31,1998
for securities valued @ $4.11 per share                       11,250         11

Contributed capital

Net loss for the year ended
December 31,1998

Balance, December 31, 1998                  -          -     182,717        183







                                            Additional
                                             Paid-in    Subscription   Retained
                                             Capital     Receivable     Earnings

Balance, December 31, 1997                 $   635,319      $ -       $ 95,266

Common stock issued June 17,1998
for securities valued @ $21.38 per share        14,108

Common stock issued June 17, 1998 for
securities valued @ $18 per share               53,997

Common stock issued June 17, 1998
for securities valued @ $1.67 per share          1,249

Common stock issued June 17, 1998
for note payable @ $6.66 per share              10,159

Common stock issued June 17, 1998
for securities valued @ $6.66 per share         44,992

Common stock issued June 17, 1998
for services (officers) valued @ $6.66
per share                                       99,985

Common stock issued November 4,
1998 for subscription receivable
@ $3.33 per share                               62,482   (62,500)

Common stock issued December 31, 1998
for note payable @ $6.45 per share               6,049

Common stock issued December 31, 1998
for management fees @ $6.66 per share           20,250

Common stock issued December 31, 1998
for note payable @ $6.66 per share              20,159

Common stock issued December 31,1998
for securities valued @ $4.11 per share         46,239

Contributed capital                              4,139

Net loss for the year ended
December 31,1998                                                      (62,126)

Balance, December 31, 1998                   1,019,127    (62,500)     33,140













                                 Accmulated other
                                   Comprehensive    Total
                                     Income
                                      (Loss)

Balance, December 31, 1997                 $ -   $ 730,702

Common stock issued June 17,1998
for securities valued @ $21.38 per share     -      14,109

Common stock issued June 17, 1998 for
securities valued @ $18 per share            -      54,000

Common stock issued June 17, 1998
for securities valued @ $1.67 per share      -       1,250

Common stock issued June 17, 1998
for note payable @ $6.66 per share           -      10,161

Common stock issued June 17, 1998
for securities valued @ $6.66 per share      -      45,000

Common stock issued June 17, 1998
for services (officers) valued @ $6.66
per share                                    -     100,000

Common stock issued November 4,
1998 for subscription receivable
@ $3.33 per share                            -           -

Common stock issued December 31, 1998
for note payable @ $6.45 per share           -       6,050

Common stock issued December 31, 1998
for management fees @ $6.66 per share        -      20,253

Common stock issued December 31, 1998
for note payable @ $6.66 per share           -      20,162

Common stock issued December 31,1998
for securities valued @ $4.11 per share      -      46,250

Contributed capital                          -       4,139

Net loss for the year ended
December 31,1998                             -     (62,126)

Balance, December 31, 1998                   -     989,950




                                 Preferred     Preferred      Common     Common
                                  Shares        Stock         Shares      Stcok


Balance, December 31, 1998                                   182,717        183

 Recapitalization (Note 1)                                    26,334         26

 Common stock issued on March 15,
 1999 for the purchase of Gam
 Properties, Inc. @ $12.50 per share                          56,000         56

 Preferred stock issued on March 15,
 1999 for the purchase of Miramar Road
 Associates, LLC @ $20.00 per share    35,000     35,000

 Common stock issued March 15, 1999
 for services valued @ $6.17 per share                        15,697         15

 Preferred stock issued September 1999
 in exchange for 1.5 million shares of
 Pro Glass Technologies, Inc. common
 stock valued @ $20.00 per share        7,500      7,500

 Stock subscription receivable

 Common  stock issued December
 1999 for cash @ $4.50 per share                              16,000         16

 Common stock issued December 1999
 for management fees @ $1.20 per share                        24,480         24

 Net loss for the year ended
 December 31, 1999

 Balance, December  31, 1999           42,500     42,500     321,228        320

 Stock issued on January 5, 2000
 to Directors @ $1.20 a share                                  3,600          4

Stock issued on March 1, 2000 for
services rendered @ $2.92 a share                              6,150          6

Stock issued on June 15, 2000
 to Directors @ $10. a share                                   3,600          4

Stock issued on June 30, 2000 for
 the Purchase of Northwest, LLC.
 @ $19.14 a share                                             73,165         73

 Stock issued on June 30, 2000  to Donner
 Investment Corp. @ $19.20 a share                             1,829          2

Stock issued on October 1, 2000 to
 Novak Capital @ $4. a share                                  10,000         10

 Stock issued on December 12, 2000
 to Directors @ $4.70 a share                                 14,400         14

 Other comprehensive loss December 31, 2000

 Net loss for the year ended
 December 31, 2000

 Balance, December  31, 2000           42,500     42,500     433,972        433







                                             Additional    Stock       Retained
                                              Paid In    Subscription  Earnings
                                              Capital    Receivable


Balance, December 31, 1998                    1,019,127    (62,500)      33,140

Recapitalization (Note 1)                        33,897    (20,000)

Common stock issued on March 15,
1999 for the purchase of Gam
Properties, Inc. @ $12.50 per share             699,944

Preferred stock issued on March 15,
1999 for the purchase of Miramar Road
Associates, LLC @ $20.00 per share              665,000

Common stock issued March 15, 1999
for services valued @ $6.17 per share           196,826

Preferred stock issued September 1999
in exchange for 1.5 million shares of
Pro Glass Technologies, Inc. common
stock valued @ $20.00 per share                 142,500

Stock subscription receivable                             20,000

Common stock issued December
1999 for cash @ $4.50 per share                  71,929

Common stock issued December 1999
for management fees @ $1.20 per share            29,351

Net loss for the year ended
December 31, 1999                                                     (712,680)

Balance, December 31, 1999                    2,858,574  (62,500)     (679,540)

Stock issued on January 5, 2000
to Directors @ $1.20 a share                      4,316

Stock issued on March 1, 2000 for
services rendered @ $2.92 a share                17,994

Stock issued on June 15, 2000
to Directors @ $10. a share                      35,996

Stock issued on June 30, 2000 for
the Purchase of Northwest, LLC.
@ $19.14 a share                              1,400,945

Stock issued on June 30, 2000 to Donner
Investment Corp. @ $19.20 a share                35,118

Stock issued on October 1, 2000 to
Novak Capital @ $4. a share                      39,990

Stock issued on December 12, 2000
to Directors @ $4.70 a share                     67,666

Other comprehensive loss December 31, 2000

Net loss for the year ended
December 31, 2000                                                    (365,689)

Balance, December 31, 2000                    4,460,599   (62,500) (1,045,230)




                                       Accumulated other      Total
                                        Comprehensive
                                          Income
                                          (Loss)


Balance, December 31, 1998                            -       989,950

Recapitalization (Note 1)                             -        13,923

Common stock issued on March 15,
1999 for the purchase of Gam
Properties, Inc. @ $12.50 per share                   -       700,000

Preferred stock issued on March 15,
1999 for the purchase of Miramar Road
Associates, LLC @ $20.00 per share                    -       700,000

Common stock issued March 15, 1999
for services valued @ $6.17 per share                 -       196,841

Preferred stock issued September 1999
in exchange for 1.5 million shares of
Pro Glass Technologies, Inc. common
stock valued @ $20.00 per share                       -       150,000

Stock subscription receivable                         -        20,000

Common stock issued December
1999 for cash @ $4.50 per share                       -        71,945

Common stock issued December 1999
for management fees @ $1.20 per share                 -        29,375

Net loss for the year ended
December 31, 1999                                     -      (712,680)

Balance, December 31, 1999                            -     2,159,354

Stock issued on January 5, 2000
to Directors @ $1.20 a share                          -         4,320

Stock issued on March 1, 2000 for
services rendered @ $2.92 a share                     -        18,000

Stock issued on June 15, 2000
to Directors @ $10. a share                           -        36,000

Stock issued on June 30, 2000 for
the Purchase of Northwest, LLC.
@ $19.14 a share                                      -     1,401,018

Stock issued on June 30, 2000 to Donner
Investment Corp. @ $19.20 a share                     -        35,120

Stock issued on October 1, 2000 to
Novak Capital @ $4. a share                           -        40,000

Stock issued on December 12, 2000
to Directors @ $4.70 a share                          -        67,680

Other comprehensive loss December 31, 2000      (27,122)      (27,122)

Net loss for the year ended
December 31, 2000                                     -      (365,689)

Balance, December 31, 2000                      (27,122)    3,368,680






                                      Preferred    Preferred   Common    Common
                                        Shares      Stock      Shares    Stock


Balance, December 31, 2000             42,500     42,500     433,972        433

 Stock issued on January 15, 2001
 for consulting fees @ $3.40share                              2,500          3

 Stock issued on January 18, 2001 for
 management fees @ $4.19 a share                               7,238          7

 Stock issued on February 21, 2001
 for consulting fees @ $2.98 a share                           1,255          1

 Stock issued on March 1, 2001  to
 management fees @ $3.40 a share                              35,000         35

 Stock issued on June 6, 2001
 for the purchase of Corporate Capital
 Formation, Inc. @ $2.13 per share                            45,000         45

 Stock issued on June 22, 2001
 to Directors @ $0.60 a share                                 18,000         18

 October 1, 2001 cancellation of
 stock subscription                                          (35,000)       (35)

 Other comprehensive loss December 31, 2001

Net lncome for the year ended
 December 31, 2001

Balance,  December 31, 2001           42,500     42,500     507,965        507

 January 1, 2002 sale of Northwest
 Medical Clinic, Inc. @ $ 0.40 a share                       (73,165)       (73)

 On October 15, 2002 preferred stock
 converted to common stock at 1 for 2 (35,000)   (35,000)     70,000         70

 Other Comprehensive loss December 31, 2002
 Net loss for the year ended

 December 31, 2002

 Balance,  December 31, 2002            7,500    $ 7,500     504,800      $ 504







                                            Additional      Stock      Retained
                                             Paid in     subscription   Earnings
                                            Capital       Receivable




Balance, December 31, 2000                     4,460,599   (62,500) (1,045,230)

Stock issued on January 15, 2001
for consulting fees @ $3.40share                   8,497

Stock issued on January 18, 2001 for
management fees @ $4.19 a share                   30,317

Stock issued on February 21, 2001
for consulting fees @ $2.98 a share                3,739

Stock issued on March 1, 2001 to
management fees @ $3.40 a share                  118,965   (119,000)

Stock issued on June 6, 2001
for the purchase of Corporate Capital
Formation, Inc. @ $2.13 per share                 95,955

Stock issued on June 22, 2001
to Directors @ $0.60 a share                      10,782

October 1, 2001 cancellation of
stock subscription                              (118,965)   119,000

Other comprehensive loss December 31, 2001

Net lncome for the year ended
December 31, 2001                                                      56,249

Balance, December 31, 2001                     4,609,889   (62,500)   (988,981)

January 1, 2002 sale of Northwest
Medical Clinic, Inc. @ $ 0.40 a share            (29,193)

On October 15, 2002 preferred stock
converted to common stock at 1 for 2              34,930

Other Comprehensive loss December 31, 2002
Net loss for the year ended

December 31, 2002                                                   (1,457,825)

Balance, December 31, 2002                   $ 4,615,626 $(62,500) $(2,446,806)








                                           Accumulated other
                                            Comprehensive      Total
                                             Income (Loss)




Balance, December 31, 2000                       (27,122)     3,368,680

Stock issued on January 15, 2001
for consulting fees @ $3.40share                       -          8,500

Stock issued on January 18, 2001 for
management fees @ $4.19 a share                        -         30,324

Stock issued on February 21, 2001
for consulting fees @ $2.98 a share                    -          3,740

Stock issued on March 1, 2001 to
management fees @ $3.40 a share                        -              -

Stock issued on June 6, 2001
for the purchase of Corporate Capital
Formation, Inc. @ $2.13 per share                      -         96,000

Stock issued on June 22, 2001
to Directors @ $0.60 a share                           -         10,800

October 1, 2001 cancellation of
stock subscription                                     -              -

Other comprehensive loss December 31, 2001       (83,991)       (83,991)

Net lncome for the year ended
December 31, 2001                                      -         56,249

Balance, December 31, 2001                      (111,113)     3,490,303

January 1, 2002 sale of Northwest
Medical Clinic, Inc. @ $ 0.40 a share                  -        (29,266)

On October 15, 2002 preferred stock
converted to common stock at 1 for 2                   -              -

Other Comprehensive loss December 31, 2002      (529,501)     (529,501)

Net loss for the year ended
December 31, 2002                                      -     (1,457,825)

Balance, December 31, 2002                   $  (640,614)     1,473,711



                   TRIAD INDUSTRIES, INC.
           (Formerly RB Capital & Equities, Inc.)
            Consolidated Statements of Cash Flows
                                       Year Ended        Year Ended
                                       December 31,     December 31,
                                            2002           2001
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)                      $(1,457,825)        56,249
Depreciation expense                        31,130         71,633
(Increase) decrease in
accounts receivable                      1,939,728       (441,681)
(Increase) decrease in
advances                                     5,815         (5,815)
(Increase) decrease in
impound account                                722          1,786
(Increase) decrease in
other assets                                     -         74,147
(Increase) decrease in
income tax benefit                         (88,016)        12,083
Increase (decrease) in
accounts payable                           (48,639)       (10,949)
Increase (decrease) in
security deposits                           (3,182)       (38,990)
Increase (decrease) in
taxes payable                               (3,774)         3,774
Net(Gain)/ Loss on the sale of securities (106,366)        27,703
Net(Gain)? Loss on investments              25,691              -
Bad debt expense                            55,504        545,638
Common stock issued for services                 -        149,364
Net Cash Provided by (Used in)
Operating Activities                       350,788        444,942
CASH FLOWS FROM INVESTING ACTIVITIES
Purchaes of marketable securities                -        117,780
Net sale (purchase) of fixed assets        (28,667)     1,677,404

Net Cash Provided by (Used in)
Investing Activities                       (28,667)     1,795,184
CASH FLOWS FROM FINANCING ACTIVITIES
Change in line of credit                   (23,040)           (82)
Change in loan fees                            422              -
Change in loan payable                    (172,302)           669
Change in lease payable                          -           (224)
Change in notes and
mortgages payable                         (261,261)    (2,279,230)
Change in assets
held for sale                              167,514              -
Change in common stock                         (63)             -
Change in preferred stock                 (700,000)             -
Change in paid in capital                  670,797              -
Net Cash Provided by (Used in)
Financing Activities                      (317,933)    (2,278,867)
Net Increase (Decrease) in Cash              4,189        (38,741)
Cash at Beginning of Year                   15,643         54,384
Cash at End of Year                    $    19,832    $    15,643
Supplemental Cash Flow Disclosures:

Cash paid during year for interest     $   (75,758)   $   192,786
Cash paid during year for taxes     $            -  $           -
Schedule of Non-Cash Activities:
Common stock issued for services    $            -    $   149,364
Common stock received for services     $   150,000    $   365,916
Common stock issued for
acquisition of subsidiary           $            -    $   900,000

Common stock retired on the sale
of Northwest Medical Clinic            $    29,266  $           -
Loss on sale of Northwest
Medical Clinic, Inc.                   $ 1,542,394  $           -


NOTE 1.  ORGANIZATION AND DESCRIPTION OF BUSINESS

     Triad Industries, Inc. (the Company) was incorporated under the laws of the
State  of Utah on  November  25,  1985.  The  Company  was  originally  known as
Investment   Marketing,   Inc.   Investment   Marketing,   Inc.  was  originally
incorporated for the purpose of buying,  selling,  and dealing in real property.
At a special meeting of the shareholders  held June 6, 1990 the Company name was
changed to Combined  Communication,  Corp. On June 7, 1990 the Company completed
the merger and became a Nevada Corporation. On October 17, 1997, the Company met
to amend the Articles of Incorporation  and change the name of the Company to RB
Capital & Equities, Inc.

     All stock  transactions have been  retroactively  restated to reflect a one
for twenty reverse stock split.

     On March 15, 1999,  at a special  meeting of the  shareholders,  Healthcare
Resource Management (HRM) reversed its common stock on a one for ten (1:10) from
262,836 to 26,334 shares outstanding.  Also, at the meeting of shareholders, HRM
ratified  a plan  of  reorganization  whereby  HRM  would  acquire  100%  of the
outstanding  shares of common  stock of RB  Capital  and its  subsidiaries  (Gam
Properties  and Miramar  Road  Associates)  for 23,408  shares of HRM post split
common stock and 35,000 shares of $1.00 preferred  stock.  The only  significant
shareholder was American Health Systems,  Inc. who owned 18,667 of common shares
before the merger and 56,000 of common stock after the merger. The 35,000 shares
of preferred  stock were issued to American  Health  Systems,  Inc. for the note
payable and the 99% interest RB Capital had acquired in Miramar Road Associates.
56,000  shares of common  stock of the  253,408  shares  issued to RB  Capital &
Equities,  Inc. went to American Health Systems, Inc. in exchange for the 18,667
originally  received from RB Capital & Equities,  Inc. as consideration for 100%
of Gam Properties.  This 56,000 represents a 3 for 1 forward split of the 18,667
shares of RB Capital & Equities common stock.  The acquisition was accounted for
as a  recapitalization  of RB Capital  because the  shareholders of RB Capital &
Equities,  Inc.  controlled HRM after the acquisition.  Therefore,  RB Capital &
Equities,  Inc. was treated as the acquiring entity for accounting  purposes and
HRM was the  surviving  entity  for  legal  purposes.  On  March  15,  1999  the
shareholders  also  approved  an  amendment  to the  Articles  of  Incorporation
changing the corporate name to Triad Industries, Inc.

     On June 30, 2000, Triad Industries, Inc. acquired certain assets subject to
certain  liabilities of Northwest Medical Clinic,  Inc., acquired certain assets
of Amerimed of Georgia, Inc. (a Georgia Corporation) and acquired certain assets
of Florimed of Tampa, Inc. (a Florida Corporation). These certain assets subject
to the  certain  liabilities  were  combined  and put  into a newly  formed  and
capitalize  corporation  operating under the name Northwest Medical Clinic, Inc.
The  acquisition  was  recorded  as a purchase  in  accordance  with  Accounting
Principles Board Opinions No. 16 (APB No. 16).  Northwest  Medical Clinic,  Inc.
operates in the personal injury area and also performs sleep apnea procedures.



NOTE 1.  ORGANIZATION AND DESCRIPTION OF BUSINESS (CONTINUED)

     On June 6, 2001 the Company issued 45,000 shares where by Triad  Industries
would acquire 100% of Corporate  Capital  Formation,  Inc. The  acquisition  was
recorded as a purchase in accordance with Accounting  Principles  Board Opinions
No. 16 (APB No. 16). Corporate Capital Formation, Inc. operates in the corporate
business consulting as well as business formation.

     In October 2001, Gam Properties and Triad Industries  combined  operations.
Gam Properties Corporation is to be dissolved.

     Triad Industries, Inc. (the parent company) is the only company involved in
any real estate  functions.  As of June 30, 2003 the Companys  lone property is
the commercial property located in Escondido, Ca.

     On January 1, 2002 the Company sold Northwest  Medical  Clinic,  Inc. for a
net loss of $1,542,394.

The Company has authorized 50,000,000 shares of $0.001 par value common stock.

The Company operates through its five subsidiaries:

1. RB Capital  and  Equities,  Inc.  is a financial  services  corporation  that
operates  a  merger  and  acquisition  consulting  business.  The  company  does
corporate filing and capital reorganization  business for small emerging private
and public corporations.
2.  Miramar  Road  Associates,  LLC.  is  presently  inactive  in  the  property
management business.

3. HRM, Inc. is presently inactive in the healthcare industry.

4. Triad Realty is not yet operating as a consolidating real estate company.

5. Corporate Capital Formation,  Inc. is a financial  services  corporation that
operates a merger and acquisition consulting business.

It should be noted that the parent company, Triad Industries, Inc., performs
all of the real estate functions.

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a.   Accounting Method

     The Company's  policy is to use the accrual method of accounting to prepare
and  present  financial   statements,   which  conforms  to  generally  accepted
accounting principles ("GAAP'). The company has elected a December 31, year end.

b.       Basis of Consolidation

     The consolidated  financial  statements of Triad  Industries,  Inc. include
those accounts of RB Capital & Equity Inc., Healthcare Resource Management Inc.,
Miramar Road  Associates,  LLC. and  Corporate  Capital  Formation,  Inc.  Triad
Industries owns title to all of the assets and  liabilities of the  consolidated
financial  statement.  All  significant  intercompany   transactions  have  been
eliminated.


NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

c.   Cash Equivalents

     The Company  considers  all highly  liquid  investments  with a maturity of
three months or less when purchased to be cash equivalents.

d.   Estimates and Adjustments

     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  and
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.   In
accordance with FASB 16 all  adjustments  are normal and recurring.  See note 2j
regarding the Companies revenue recognition policy.

e. Basis of  Presentation  and  Considerations  Related to  Continued  Existence
(going concern)

     The Companys financial  statements have been presented on the basis that it
is a going  concern,  which  contemplates  the  realization  of  assets  and the
satisfaction of liabilities in the normal course of business.

The Companys  management  intends to raise  additional  operating  funds through
operations, and debt or equity offerings. Management has yet to decide what type
of offering  the Company  will use or how much  capital the Company  will raise.
There is no guarantee that the Company will be able to raise any capital through
any type of offerings.


f.   Intangibles

     Intangible  assets consist of loan fees. The loan fees are being  amortized
on a straight-line basis over the length of the loan.

g.   Accounts Receivable

     The  Company  considers  accounts   receivable  to  be  fully  collectible;
accordingly, no allowances for doubtful accounts are required. If amounts become
uncollectable,  they will be charged to  operations  when that  determination  s
made.




NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

h.  Concentration of Credit Risk

     The  Company   maintains  credit  with  various   financial   institutions.
Management performs periodic  evaluations of the relative credit standing of the
financial institutions. The Company has not sustained any material credit losses
for the  instruments.  The carrying  values  reflected  in the balance  sheet at
December  31, 2002  reasonable  approximate  the fair  values of cash,  accounts
payable,  and credit obligations.  In making such assessment,  the Company,  has
utilized discounted cash flow analysis,  estimated,  and quoted market prices as
appropriate in accordance with paragraph 9 of SFAS 107. Note 3 reflects the fair
value of the mortgage  payable in  accordance  with  paragraph 11, 12, and 13 of
SFAS 107.

i.  Investments in Securities

     The Companys marketable  securities and investments in securities available
for sale are classified as available for sale  securities in the accordance with
SFAS 115.  They are  classified  as available for sale due to the fact that they
are not bought or held  principally  for the purpose of selling them in the near
term,  they are not  actively  and  frequently  bought  and  sold,  nor are they
generally   used  with  the  objective  of  generating   profits  on  short-term
differences  in price.  Unrealized  gains on available for sale  securities  are
being  classified  under the requirements of SFAS No. 130. Under such statement,
the Companys  securities  are  required to be  reflected  at fair market  value.
Changes  in the  fair  value of  investments  or  valuation  of  securities  are
reflected in the statement of comprehensive  income or (loss) in accordance with
SFAS 130.

j.  Revenue Recognition and Deferred Revenue

     Revenue  includes  the  following:  RB  Capital &  Equities,  Inc.  revenue
consists of consulting income. Corporate Capital Formation Inc. revenue consists
of consulting  income.  Corporate  Capital  recognizes  revenue when services on
contracts are provided.  Triad  Industries,  Inc.  revenue consist of consulting
income and it consists of residential rental income. Triad Industries recognizes
revenue when services on contracts are provided and recognizes  rental income at
each beginning of each on a receivable basis.

     RB Capital & Equities, Inc. has various consulting contracts outstanding in
which the  Company  performs a set of  various  financial  services.  RB Capital
recognizes revenue when services on contracts are provided.








NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

k.  Line of Credit

     The  Company  has a  $50,000  line of  credit.  The  line of  credit  is an
adjustable  rate loan.  The loan is open  revolving  line of credit,  and annual
interest terms of prime plus 3.65%. There are no restrictions on the use of this
line of credit.  There is an  outstanding  balance of $7,038 as of December  31,
2002.

l.   Principles of Consolidation

     The  consolidated  financial  statements  include  the  accounts  of  Triad
Industries,  Inc., the parent Company, Healthcare Management Resources, a Nevada
corporation,  RB Capital &  Equities  Inc, a Nevada  corporation,  Miramar  Road
Associates  Inc., a California  LLC. and  Corporate  Capital  Formation  Inc., a
Nevada  corporation.  All  subsidiaries  are  wholly  owned  subsidiaries.   All
significant  intercompany  balances and  transactions  have been  eliminated  in
consolidation.

m.  Income Taxes

     The Company accounts for income taxes using the asset and liability method.
Under the asset and liability  method,  deferred income taxes are recognized for
the tax consequences of temporary  differences by applying  enacted  statutory
tax rates  applicable  to future  years to  differences  between  the  financial
statement carrying amounts and the tax bases of existing assets and liabilities.
Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management,  it is more likely than not that some portion or all of the deferred
tax assets will not be realized. See note 6 regarding income tax benefit.

NEW ACCOUNTING PRONOUNCEMENTS:

     In April 2002,  the Financial  Accounting  Standards  Board issued SFAS No.
145, Rescission of FASB Statements No. 4, 44 and 64, Amendment of FASB Statement
No. 13, and Technical  Corrections  ("SFAS 145").  Among other things,  SFAS 145
eliminates the  requirement  that gains and losses from the  extinguishments  of
debt be  classified  as  extraordinary  items.  SFAS 145 is effective for fiscal
years beginning after May 15, 2002, with early adoption permitted.  The adoption
of  SFAS  145 did not  have a  material  effect  on the  Companies  consolidated
financial statements.

     In June 2002, the Financial Accounting Standards Board issued SFAS No. 146.
The  standard  requires  companies to recognize  costs  associated  with exit or
disposal  activities  when  they  are  incurred  rather  than  at the  date of a
commitment to an exit or disposal plan. The adoption of SFAS 146 did not have an
effect on the Companies consolidated financial statements.





NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

NEW ACCOUNTING PRONOUNCEMENTS:

     In October 2002, the Financial  Accounting  Standards Board issued SFAS No.
147, Acquisitions  of Certain  Financial  Institutions   an amendment of FASB
Statements  No. 72 and 144 and FASB  interpretation  No.  9.  SFAS 147  removes
acquisitions of financial  institutions  from the scope of both Statement 72 and
interpretation  9 and  requires  that those  transactions  be  accounted  for in
accordance  with FASB  Statements No. 141,  Business  Combinations,  and No. 142
Goodwill and Other  Intangible  Assets.  Thus, the requirement in paragraph 5 of
Statement 72 to recognize  (and  subsequently  amortize)  any excess of the fair
value of  liabilities  assumed over the fair value of tangible and  identifiable
intangible  assets  acquired  as an  unidentifiable  intangible  asset no longer
applies to acquisitions  within the scope of this Statement.  In addition,  this
Statement  amends FASB  Statement  No. 144,  Accounting  for the  Impairment  or
Disposal   of   Long-Lived   Assets,   to   include   in  its  scope   long-term
customer-relationship  intangible  assets  of  financial  institutions  such  as
depositor  and borrower  relationship  intangible  assets and credit  cardholder
intangible assets. Consequently, those intangible assets are subject to the same
undiscounted cash flow  recoverability  test and impairment loss recognition and
measurement  provisions that Statement 144 requires for other long-lived  assets
that are held and used.  SFAS 147 is effective  October 1, 2002. The adoption of
SFAS  147 did  not  have  an  effect  on the  Companies  consolidated  financial
statements.

     In December 2002, the Financial  Accounting Standards Board issued SFAS No.
148,  Accounting for Stock-Based  Compensation  Transition and Disclosure  (SFAS
148). SFAS 148 amends SFAS No. 123 Accounting for Stock-Based compensation (SFAS
123), to provide alternative methods of transition for a voluntary change to the
fair value based method of accounting for stock-based employee compensation.  In
addition,  SFAS 148 amends the  disclosure  requirements  of SFAS 123 to require
prominent  disclosures in both annual and interim financial statements about the
method of accounting for stock-based employee compensation and the effect of the
method  used on  reported  results.  SFAS  148 is  effective  for  fiscal  years
beginning  after  December  15,  2002.  The interim  disclosure  provisions  are
effective for financial  reports  containing  financial  statements  for interim
periods beginning after December 15, 2002. The adoption of SFAS 148 did not have
an effect on the Companies consolidated financial statements.













NOTE 3.  MORTGAGE PAYABLE

        Interest Rate         Debt           Maturity Date


350 W. 9th Avenue   7.820 %   $734,808   12/08/26
                               -------------------

                             $ 734,808
                               ===================

     The office  building  collateralize  the above  loans.  The loan  agreement
provides  for  monthly  payments  of interest  and  principle.  In June 2001 the
Company purchased a 12,500 square foot commercial building located at 350 W. 9th
Avenue in Escondido,  California.  The Company incurred loan fees of $7,490 that
are being  amortized over the length of the loan.  Amortization  expense for the
year was $270.

     The total debt of $734,808 was recorded as follows:  current  portion (less
than one  year) of  $150,910  and  long-term  portion  (more  than one  year) of
$583,898.

     On January 31, 2002 the Company sold the Balboa property for $391,500.  The
total cost of the asset sold was $386,350 leaving a net gain of $5,150. On March
31, 2002 the Company also sold the Grand  property for $350,000.  The total cost
of the asset sold was $261,867 leaving a net gain of $88,133.


NOTE 4. PROPERTY & EQUIPMENT

     Property is stated at cost.  Additions,  renovations,  and improvements are
capitalized.  Maintenance  and repairs,  which do not extend  asset  lives,  are
expensed as incurred. Depreciation is provided on a straight-line basis over the
estimated useful lives ranging from 27.5 years for commercial rental properties,
5 years for tenant improvements, and 5 - 7 years on furniture and equipment.

                               December 31,       December 31,
                                  2002                2001
                       -----------------------------------
Land                            $   300,000    $   300,000
Buildings
                                    770,000        770,000
Equipment                             1,900         45,345
Computer                             20,438         20,438
Furniture                            16,188         13,312
Tenant Improvements                  34,597         35,685
                       -----------------------------------
                       -----------------------------------
                                $ 1,143,123    $ 1, 184,780
Less Accumulated Depreciation       (68,223)      (107,417)
                       -----------------------------------
Net Property and Equipment      $ 1,074,900    $ 1,077,363
                       ===================================




NOTE 5. BASIC & DILUTED INCOME / (LOSS) PER COMMON SHARE

     Basic  gain (loss)  per  common  share  has been  calculated  based on the
weighted average number of shares of common stock outstanding during the period.
Diluted gain (loss) per common share has been  calculated  based on the weighted
average number of shares of common and preferred  stock  outstanding  during the
period.  The variance between basic and diluted weighted average is the addition
of preferred stock in the calculation of diluted weighted average per share.

                                       December 31,     December 31,
                                             2002         2001


Net income (loss)
from operations                        $    84,569   $ (64,810)
Net income (loss)
from discontinued operations            (1,542,394)    121,059

Basic Income (Loss) Per Share
From continuing operations             $      .19    $   (0.13)

From discontinued operations                (3.44)        0.24

                              ----------------------------------------
Basic income / (loss) per
share - combined                       $    (3.25)   $    0.11

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

Weighed average number
of shares outstanding                    448,702        499,056
                              ========================================



                                        December 31,      December 31,
                                            2002             2001

Net income (loss)
from operations                   $           84,549   $ (64,810)
Net income (loss) from
discontinued operations                   (1,542,394)    121,059

Diluted Income (Loss) Per Share
From continuing operations        $             0.16    $  (0.11)

From discontinued operations                   (2.93)       0.21

                                ----------------------------------------
Diluted income / (loss)
per share - combined              $            (2.77)   $  (0.10)
                                ========================================
                                ========================================

Diluted weighed average
number of shares outstanding                 526,222     584,056
                                ========================================

     As of December 31, 2002 there have not been any preferred  dividends issued
that would reduce earning available to common shareholders.












NOTE 6. INCOME TAXES

     Income  taxes are  provided  in  accordance  with  Statement  of  Financial
Accounting Standards No. 109 (SFAS 109), Accounting for Income Taxes. A deferred
tax  asset or  liability  is  recorded  for all  temporary  differences  between
financial and tax reporting and net operating  loss  carryfowards.  Deferred tax
expense  (benefit)  results from the net change  during the year of deferred tax
assets and liabilities.

     At December  31, 2002 the Company  has  significant  operating  and capital
losses  carryfoward.  The tax  benefits  resulting  for the  purposes  have been
estimated as follows:

                                         December 31, 2002


Beg. Retained Earnings                      $(1,100,094)
Net Income (Loss) for Year ended 12/31/02    (1,987,326)
(This includes other comprehensive loss)
                             --------------------------
                             --------------------------
Ending Retained Earnings                    $(3,087,420)

Gross income tax benefit                    $ 1,049,723
Valuation allowance                            (114,380)
                             --------------------------
                             --------------------------
Net income tax benefit                      $   935,343
                             ==========================

     Realization  of deferred tax assets is dependent upon future  earnings,  if
any, the timing and amount of which are  uncertain.  Due to a operating  segment
being  discontinued  the  Company  reflected  a net  loss on the  2002  year end
financial  statement.  The Company has recorded a tax benefit under other assets
on their  balance  sheet  because  there is positive  evidence that the Companys
remaining operating segments will be profitable.  The net operating loss expires
twenty years from the date the loss was incurred.  The retained  earning balance
includes  accumulated  comprehensive  income  (loss).  There was an  increase in
income tax benefit of $360,790 for the year ended 2002, of which 88,016 was from
continuing  operations  and  272,774  was  from  other  comprehensive  loss.  In
accordance  with SFAS 109  paragraph 18 the Company has reduced the deferred tax
benefit asset by a valuation allowance, due to negative evidence that has caused
the company to feel it is more  likely than not that some  portion or all of the
deferred tax asset will not be realized.  No portion of the valuation  allowance
will be allocated to reduce goodwill or other noncurrent  intangible asset of an
acquired entity. There are no temporary  differneces or carryforward tax effects
that wouls significantly effect the Companies deffereed tax asset.

     Utilization  of the net operating  losses and credit  carryforwards  may be
subject  to a  substantial  annual  limitation  due to the  change in  ownership
provisions  of the Internal  Revenue  Code of 1986.  The annual  limitation  may
result in the expiration of net operating losses and credits before utilization.
None of the valuation  allownace  recognized was allocated to reduce goodwill or
other  noncurrent  intangible  assets  of an  acquired  entity  or  directly  to
contributed capital.

     The  Company has omitted a  reconciliation  of income tax expense  based on
applying  domestic  federal  and  state  statutory  tax  rates  based on  having
operating losses.

     Net income tax benefit  breaksdown as follows. Income tax benefits expire
twenty years from the date the loss was incurred.

                 Net Income Tax Benefits Expiration Dates

        Year Ended 12/31/1999                   $367,300
        Year Ended 12/31/2000                    202,267
        Year Ended 12/31/2001                      4,996
        Year Ended 12/31/2002                    360,790

        Net Income Tax Benefit                  $935,343


NOTE 7.  ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

                                         Accumulated other
       Unrealized gain (loss) on      comprehensive income
                    securities          (loss)

Beginning balance       $  (0)       $(111,113)

Current-period change    (529,501)    (529,501)
      ----------------------------------------
      ----------------------------------------
Ending Balance          $(529,501)   $(640,614)
      ========================================

     Accumulated  other  comprehensive   income  (loss)  has  been  reported  in
accordance with FASB 130 paragraph 26.


NOTE 8.  MARKETABLE SECURITIES

     At December 31, 2002, the Company held available for sale securities of the
following companies:
                         Trading  Trading  Number of  Mkt. Price     FMV
                          Symbol  Market    Shares    At Year End   At Year End

Atlantic Syndication         asni   otc       11,000       0.03      330
Diversified Thermal S.       dvts   otc       49,000       0.70   34,300
Komodo, Inc.                 kmdo   otc          668       0.19      127
Merchantpark Comm            mpkc   pink     413,500       0.00    2,068
Nicholas Inv.                nivi   otc    1,939,853       0.00    5,820
Oasis Infor. Systems, Inc.   ossi   otc      763,117       0.01    7,631
Millenium Plastics           mpco   pink      30,000       0.01      300
Global Energy, Inc.          geng   otc        5,000       0.95    4,750
Microsignal Corp.            msgl   otc       20,945       0.08    1,676

------------------------------------------------------------------------
              Total                                             $  57,001
===========================================================================


The Company is in accordance  with SFAS 130 when reporting the unrealized  gains
and losses of available for sale  securities.  All gains and losses are reported
in the statement of comprehensive income (loss) as unrealized gains or (losses).
Available  for sale  securities  are reported at market value as of December 31,
2002 in accordance with SFAS 115.







NOTE 9.  INVESTMENTS IN OTHER COMPANIES

These Investments are non-marketable securities and are carried at cost.
At December 31, 2002, the Company held investments in the following companies:

                                       Number of   Value Price    FMV
                                        Shares     At Year End   At Year End


Advanced Interactive Inc.                   5,125       0.97     4,971
American Eagle Financial                   55,000       0.10     5,500
Atlantic & Pacific Guarantee            1,000,000       0.01    18,000
Beach Brew Beverage Company               625,000       0.02    17,500
Blue Gold                                 125,000       0.01       125
Carrara                                   325,000       0.00       371
Escondido Capital                         629,810       0.06    41,041
Heritage National Corporation                   0       0.00    25,000
International Sports Marketing, Inc.      100,000       0.01     1,000
Love Calendar (Nevada)                    100,000       0.01     1,000
Love Calendar (Utah)                       25,000       1.00    25,000
Love Concepts                             100,000       0.01     1,000
Noble Onie                                 25,000       0.10     2,500
Quantum Companies                       1,110,000       0.00     8,880
Resume Junction                            20,000       0.10     2,000
Spa International                         245,146       0.00         0
Sterling Electronic Commerce              300,000       0.05    15,000
The Shops Network                           5,000       0.10       500
Thunder Mountain                          100,000       0.01     1,000
Trans Pacific Group                       100,000       0.01     1,000

----------------------------------------------------------------------
Total                                  $  171,388


     The Company owns less than 5% in each of these companies with the exception
of Quantum  Companies.  Quantum Companies is recorded on the equity method.  The
Company  records  unrealized  gains or losses  of  Quantum  securities  in their
statement  of  operations.  The  companies  are  nonmarketable  equities and are
recorded at cost. The Company  records  unrealized  holding gains and loss (with
the  exception of Quantum) in  accordance  with  paragraph 26 of SFAS 130. As of
December 31, 2002 the Company had an 8.5% share of Pro Glass Technologies,  Inc.
Heritage National Corporation is a privately owned Company.







NOTE 10.  OPERATING SEGMENTS

 For the Year Ended 2002          Triad        RB Capital &   Corporate Capital
                            Industries, Inc.   Equities, Inc.  Formation, Inc.


Total Revenue                     $ 185,902    $ 400,645    $  64,760
Costs of Revenues                   (46,646)      (1,885)
                                                                   (0)
                  -------------------------------------------------------------
                  --------------------------------------------------------------

Gross Profit                        185,902      353,999       62,876
Total Operating Costs              (224,116)    (192,153)     (78,338)
                  ------------------------------------------------------------
                  ------------------------------------------------------------

Operating income (loss)             (38,214)     161,846      (15,462)

Total other income & (expenses)     (36,957)    (294,476)     137,893

                  -----------------------------------------------------------
                  -----------------------------------------------------------
Income (loss) before income tax
and extraordinary items           $ (75,170)   $(132,631)   $ 122,430



For the Year Ended 2001          Triad         RB Capital &   Corporate Capital
                           Industries, Inc.   Equities, Inc.    Formation, Inc.

Total Revenue                     $  88,070    $ 502,961    $  63,250
Costs of Revenues                   (12,880)       (500)      (9,860)
                  ----------------------------------------------------------
                  -----------------------------------------------------------

Gross Profit                         75,190      502,461       53,390
Total Operating Costs              (191,924)    (226,552)     (81,850)
                  ----------------------------------------------------------
                  ----------------------------------------------------------

Operating income (loss)            (116,734)     275,909      (28,460)

Total other income & (expenses)     (49,461)     (50,109)      (1,519)

                  ---------------------------------------------------------
                  ---------------------------------------------------------
Income (loss) before income tax
and extraordinary items           $(166,195)   $ 225,800    $ (29,979)



     In  accordance  with FASB 131  paragraph  18 the Company is  reporting  the
information of their operating segments that meet the quantitative thresholds.







NOTE 11.  ACQUISITIONS

     All stock  transactions have been  retroactively  restated to reflect a one
for twenty reverse stock split.

     Triad Industries  acquired Gam Properties and Miramar Road Associates,  LLC
on  February  26,  1999.  Both  acquisitions  were  recorded  as a  purchase  in
accordance  with Accounting  Principles  Board Opinions No. 16 (APB No. 16). Gam
Properties Inc. is in the residential  rental business.  Triad Industries issued
56,000 shares of common stock,  the stocks trading value was $12.50 per share in
the  acquisition  of Gam  Properties.  Gam  Properties  was valued at  $700,000.
Miramar  Road  Associates,  LLC. is in the  commercial  rental  business.  Triad
Industries  issued 35,000 shares of $20.00 preferred stock in the acquisition of
Miramar Road  Associates.  Therefore,  the interest in Miramar Road  Associates,
LLC.  was  valued at  $700,000.  In  September  2000,  the  Company  absorbed  a
contingent liability on behalf of the old owner of Miramar for the remaining 1%.
All  shares  issued for the  acquisition  of Gam  Properties  and  Miramar  Road
Associates  were valued at whatever  was given up or received  whichever is more
readily determinable.

     On March 15, 1999 Triad Industries acquired HRM for 26,334 shares of common
stock in  conjunction  with a  recapitalization  of the  Company.  HRM is in the
business of healthcare management.

     On May 27, 2001, Triad Industries,  Inc. acquired the assets subject to the
liabilities of Corporate Capital Formation, Inc. The acquisition was recorded as
a purchase in accordance with Accounting  Principles  Board Opinions No. 16 (APB
No. 16).  Corporate Capital  Formation,  Inc. operates in the corporate business
consulting as well as business  formation.  There were no significant  assets or
liabilities  acquired from Corporate Capital  Formation,  Inc. Triad Industries,
Inc.  will  acquired  100% of the  equity  interest  of from  Corporate  Capital
Formation,  Inc.  in return for voting  common  stock,  and that from  Corporate
Capital  Formation,  Inc.  will  become  a  wholly  owned  subsidiary  of  Triad
Industries,  Inc. As per  agreement  Triad  Industries,  issued 45,000 shares of
common stock on June 6, 2001 for the purchase of  Corporate  Capital  Formation,
Inc. All shares issued for the acquisition of Corporate Capital Formation,  Inc.
was valued at market price.

     The  operating  results  of  the  acquired  entities  are  included  in the
Companys consolidated financial statements from the date of acquisition.







NOTE 12.  STOCK TRANSACTIONS

     All stock  transactions have been  retroactively  restated to reflect a one
for twenty reverse stock split.

     Transactions,  other than employees stock issuance, are in accordance with
paragraph 8 of SFAS 123. Thus issuances shall be accounted for based on the fair
value of the consideration received. Transactions with employees stock issuance
are in accordance with paragraphs  (16-44) of SFAS 123. These issuances shall be
accounted for based on the fair value of the consideration  received or the fair
value  of  the  equity   instruments   issued,  or  whichever  is  more  readily
determinable.

     As  of  January  1,  1998  there  were  116,975   shares  of  common  stock
outstanding.  On June 1998, the Company issued 660 shares of common stock valued
at $21.38 per share for marketable securities.  Since there is no market for the
Companys  common  stock,  the shares were  valued at the  trading  price of the
securities that were received.

     On June 17, 1998, the Company issued 3,000 shares of common stock valued at
$18 per share  for  marketable  securities.  Since  there is no  market  for the
Companys  common  stock,  the shares were  valued at the  trading  price of the
securities that were received.

     On June 17,  1998 the  Company  issued  750  shares  of  common  stock  for
marketable  securities valued at $17.86 per share.  Since there is no market for
the Companys  common stock,  the shares were valued at the trading price of the
securities that were received.

     On June 17, 1998 the Company  issued  1,524  shares of common stock for the
conversion of debt valued at $6.66 per share.

     On June 17,  1998,  the Company  issued  6,750  shares of common  stock for
marketable  securities  valued at $6.66 per share.  Since there is no market for
the Companys  common stock,  the shares were valued at the trading price of the
securities that were received.

     On June 17,  1998,  the Company  issued  15,000  shares of common stock for
services to officers of the Company valued at $6.66 per share.

     On November 4, 1998, the Company issued 18,750 shares of common stock for a
subscription receivable valued at $3.33 per share.

     On December 31, 1998 the Company issued 938 shares of common stock for debt
conversion valued at $6.45 per share.

     On December 31, 1998,  the Company  issued 3,038 shares of common stock for
management fees valued at $6.66 per share.

     On December 31, 1998,  the Company  issued 3,024 shares of common stock for
debt conversion valued at $6.66 per share.


NOTE 12.  STOCK TRANSACTIONS (CONTINUED)

     On December 31, 1998,  the Company issued 11,250 shares of common stock for
marketable  securities  valued at $4.11 per share.  Since there is no market for
the Companys  common stock,  the shares were valued at the trading price of the
securities that were received.

     As of  December  31,  1998  there  were  181,660  shares  of  common  stock
outstanding.

     At the shareholders  meeting held March 15, 1999 the stockholders  approved
the acquisition of Healthcare  Resource Management (HRM) a Nevada corporation in
a recapitalization for 26,334 shares of common stock. Also, the Company ratified
a plan of  reorganiation  where they issued  56,000  shares of common  stock and
35,000  shares of  preferred  stock to satisfy  note  payables  for two of their
subsidiaries (Gam Properties and Miramar Road Associates).

     On March 15,  1999 the Company  issued  15,697  shares of common  stock for
services issued valued at $6.17 per share.

     In September the Company issued 7,500 shares of $20.00 par value  preferred
stock (transaction was valued at the most readily  determinable price; which was
the value of preferred  stock) in exchange  for 1.5 million  shares of Pro Glass
Technologies, Inc. common stock. The 1.5 million shares represented (at the time
of acquisition) 8.5% of Pro Glass Technologies, Inc. outstanding common stock.

     In December 1999 the Company  issued 16,000 shares of common stock for cash
@ $4.50 per share.

     In December  1999,  the Company  issued  24,480  shares of common  stock to
management and key employees for services rendered valued at $1.20 per share. On
December 31, 1999 there were 320,171 shares of common stock and 42,500 shares of
preferred stock outstanding.

     On January  5, 2000 the  Company  issued  3,600  shares of common  stock to
Directors for services rendered valued at $1.20 per share.

     On March 1, 2000 the Company  issued  6,150  shares of common  stock to its
President for services rendered valued at $2.92 per share.

     On June 15,  2000 the  Company  issued  3,600  shares  of  common  stock to
Directors for services rendered valued at $10. per share.

     On June 30, 2000 the Company  issued  73,165 shares of common stock for the
purchase of Northwest LLC. valued at $19.14 per share.

On   June 30, 2000 the Company  issued  1.829  shares of common  stock to Donner
     Investment Corp. valued at $19.20 per share.


NOTE 12.  STOCK TRANSACTIONS (CONTINUED)

     On October 1, 2000 the  Company  issued  10,000  shares of common  stock to
Novak Capital valued at $4.00 per share.

     On December 12, 2000 the Company  issued  14,400  shares of common stock to
Directors for services rendered valued at $4.70 per share.

     On January 15, 2001 the Company  issued  2,500  shares of common  stock for
consulting fees valued at $3.40 per share.

     On January 18, 2001 the Company  issued  7,238  shares of common  stock for
management fees valued at $4.19 per share.

     On February 21, 2001 the Company issued 1,255 shares of common stock to its
president for services rendered valued at $2.98 per share.

     On March 1, 2001 the Company issued 35,000 shares of common stock under the
employee stock option plan valued at $ 3.40 per share.

     On June 6, 2001 the Company  issued  45,000  shares of common stock for the
purchase of Corporate Capital Formation Inc. valued at $2.13 per share.

     On June 22,  2001 the  Company  issued  18,000  shares of  common  stock to
Directors for services rendered valued at
$0.60 per share.

     On October 1, 2001 the  Company  rescinded  the March 1, 2001  issuance  of
35,000 shares of common stock.

     On January  1, 2002 the  Company  cancelled  the stock  issuance  of 73,165
shares of common stock issued in the purchase of Northwest Medical Clinic, Inc.

     On October 15, 2002 the Company  converted 35,000 of its preferred stock to
70,000 shares of common stock.

     As of December  31, 2002 the  Company  had 503,743  shares of common  stock
issued and outstanding.









NOTE 13.  STOCKHOLDERS EQUITY

All stock  transactions  have been  retroactively  restated to reflect a one for
twenty reverse stock split.

     The  stockholders  equity  section of the Company  contains  the  following
classes of capital stock as of December 31, 2002.

(A) Preferred stock,  nonvoting, $ 1.00 par value; 10,000,000 shares authorized;
7,500 shares issued and outstanding.

(B) Common  stock,  $ 0.001 par value;  50,000,000  shares  authorized;  503,743
shares issued and outstanding as of December 31, 2002.

     The holders of preferred stock are entitled to receive dividends calculated
using an  Available  Cash Flow formula as  prescribed  by the  Certificate  of
Designation of Preferred Stock. There have not been any dividends declared as of
December 31, 2002.

     The  preferred  stock is (1)  non-voting;  (2)  convertible  at the  second
anniversary from issuance on a two for on (2:1) basis to common stock; (3) has a
preference  over  common  stock to be paid  $1.00  per  share as a  preferential
liquidation.


NOTE 14.  ISSUANCE OF SHARES FOR SERVICES  STOCK OPTIONS

     The company has a  nonqualified  stock option plan,  which provides for the
granting of options to key employees,  consultants,  and nonemployees directors
of the Company.  These  issuances shall be accounted for based on the fair value
of the  consideration  received  or the  fair  value of the  equity  instruments
issued,  or whichever is more readily  determinable.  The Company has elected to
account for the stock option plan in  accordance  with  paragraph 30 of SFAS 123
were the  compensation  to employees  should be recognized over the period(s) in
which the related employee  services are rendered.  In accordance with paragraph
19 of SFAS 123 the fair value of a stock option  granted is  estimated  using an
option-pricing model.

     As of December 31, 2002 there were no stock options issued or outstanding.













NOTE 15. DISCONTINUED OPERATIONS

Northwest Medical Clinic, Inc.

     Effective  January 1, 2002,  Northwest  Medical Clinic,  Inc.  division was
sold.  The  following  is a  summary  of the loss  from  discontinued  operation
resulting  from the sale of Northwest  Medical  Clinic,  Inc. No tax benefit has
been attributed to the discontinued operation.

                                      For the Year Ended December 31,
                                      2002                 2001

REVENUES                            $         0    $ 1,077,209

OPERATING EXPENSES
Costs of sales                                0         98,512
General & administrative                      0        850,435
                   -------------------------------------------
                   -------------------------------------------
Total Operating Expenses

Income from Operations                        0        128,262

Other Income & (Expenses)
Interests expense                             0          7,203
                   -------------------------------------------
                   -------------------------------------------
Total Income & (Expenses)                     0            965
                   -------------------------------------------
                   -------------------------------------------

NET INCOME BEFORE TAXES             $         0    $   121,059

INCOME TAXES                                  0              0
                   -------------------------------------------
                                  ----------------------------

Loss from Discontinued Operations   $(1,542,394)   $         0
                   ===========================================
     The loss was incurred by Triad Industries, Inc. was due to the market value
of the stock price at the time of the sale of Northwest Medical Clinic,  Inc. As
of the date of stock issuance for the purchase of Northwest Medical Clinic, Inc.
and the date of the sale the value of the stock had dropped $0.94 per share.


NOTE 16. SUBSEQUENT EVENT

     In February  2003,  the  Company  declared a one for twenty  reverse  stock
split. All stock  transactions have been  retroactively  restated to reflect the
one for twenty reverse stock split.











Item 8.  Changes and Disagreements with Accountants on Accounting and Financial
 Disclosure

         None

                                                               Part III

Item 9.  Directors, Executive Officers, Control Persons

     The following  table sets forth  information,  to the best of the Companys
knowledge as of December 31, 2002,  with respect to each  director,  officer and
management as a group.

                                               Title of     Amount
Name                           Position            Class  of Shares   Percentage

Linda Bryson,                   President         Common     28,667       5.6%
9980 Scripps Vista Way          Director
# 96
San Diego, CA 92131

Michael Kelleher                Secretary         Common     21,938       4%
32469 Angelo Drive              Director
Temecula, CA 9259

Roger Coleman Jr.**             Director          Common   22,500         4.5%
2175 Zion Park Blvd
Springdale, UT 84747

Management as a Group                                        73,105      14%

Others owning more than 5%

American Health Systems, Inc.                                17,500       3.5%
46 Corporate Park
Irvine, CA 92026

     The  above  percentages  are  based  on  504,800  shares  of  common  stock
outstanding on December 31, 2002.

     * the table  above does not  include  the stock that was issued in 2002 for
officer and director fees that were accrued on the Companys  books and that are
included in Item 10 of this report.

     **Mr.  Coleman is the President of Coleman Capital that owns 450,000 shares
of common stock of Triad Industries, Inc.

     All directors hold office until the next annual meeting of stockholders and
until their  successors have been duly elected and qualified.  Directors will be
elected  at the  annual  meetings  to serve  for  one-year  terms.  There are no
agreements with respect to the election of directors.  Each executive officer is
appointed by and serves at the discretion of the Board of Directors.

     None of the officers and/or directors of Triad Industries, Inc are officers
or  directors  of any other  publicly  traded  corporation,  nor have any of the
affiliates or promoters of Triad Industries Inc. filed any bankruptcy  petition,
been convicted in or been the subject of any pending  criminal  proceedings,  or
the subject or any order,  judgment,  or decree  involving  the violation of any
state or federal securities laws within the past five years.

     The directors will their time to Triad Industries affairs on an as needed
basis, the exact amount of which is undetermined at this time.

     The business experience of each of the persons listed above during the past
five years is as follows:



         Linda M. Bryson, 44,  President / Director
From 1996 to 2002, Ms. Bryson was the President of RB Capital & Equities,  Inc.,
a  corporation  in the  financial  services  field,  which  is  owned  by  Triad
Industries,  Inc.  Currently,  she is now the Vice  President  of RB  Capital  &
Equities,  Inc.  She has served on the board of Spa  International,  Inc. and is
currently the President of Escondido Capital Inc.

         Michael W. Kelleher, 28, Treasurer/ CFO/ Director
Mr.  Kelleher  received  his B.S.  degree in  accounting  from San  Diego  State
University.  He  is  currently  the  President  of  RB  Capital  &  Equities,  a
corporation in the financial services field, which is owned by Triad Industries,
Inc.

         Roger Coleman Jr., 50, Director
Mr. Coleman has spent the last twenty - five years in the construction business,
framing,  finishing  and  remodeling.  He also  built,  opened  and  sold  three
restaurants in the Salt Lake City area of Utah. Mr. Coleman  established two Bed
and Breakfast Inns in Springdale, Utah and currently resides in Springdale, Utah
with his wife. Mr. Coleman holds a B.A. from the University of Utah and a M.B.A.
from the University of Phoenix.

Compliance with 16(a) of the Exchange Act

     The  Securities  Exchange Act of 1934 requires all  executive  officers and
directors to report any changes in the  ownership of common stock of the Company
to the Securities & Exchange Commission and the Company. Management revising and
representations  indicate by date filing of holdings as of December  31, 2002 in
compliance to 16(a).


Item 10.  Executive Compensation

     The  following  table  shows the  amount  of all  compensation  earned  for
services in all  capacities to the Company for the last two fiscal years for the
executive officers as of December 31, 2002.

                                                  Restricted
                                                     Stock
Name                    Year     Salary    Bonus     Awards


Linda Bryson, President    2002   48,000    1,500    2,500*
Director                   2001   48,000        -    6,600

Michael Kelleher, Treas.   2002   48,000    1,500    2,500*
Director                   2001   48,000        -    6,000


Roger Coleman Jr.**        2002        -        -      500*
Director                   2001        -        -        -


     *Directors  received $500 to be a director for the year ended  December 31,
2002.  The  amount  was  accrued  on the  Companys  books  at  year  - end  and
subsequently  was retired via a common stock  issuance of 2,500 shares of common
stock at $.20 to each director.

     *Officers  received  $2000 to be a director for the year ended December 31,
2002.  The  amount  was  accrued  on the  Companys  books  at  year  - end  and
subsequently  was retired via a common stock issuance of 10,000 shares of common
stock at $.20 to each officer.

     ** Mr.  Coleman was  appointed  as a  Director,  to fill a vacancy in early
2002.

     *Miss. Bryson received $2,500 in restricted stock awards for the year ended
December 31, 2002. $500 was for director fees and $2000 in stock for services.
     *Mr. Kelleher received $2,500 in restricted stock awards for the year ended
December 31, 2002. $500 was for director fees and $2,000 in stock for services.

     *Mr. Coleman received $500 in restricted stock awards for director fees for
the year ended December 31, 2002.



Item 11.  Security Ownership of Beneficial Owners and Management

     The following  table sets forth,  as of December 31, 2002*,  based upon our
records  and  information   obtained  from  the  persons  named  below,  certain
information  concerning  beneficial ownership of our shares of Common Stock with
respect  to (I) each  person  known to own or more than 5% of our  understanding
shares of Common Stock, (II) each of our executive  officers and directors,  and
(III) all of our executive officers and directors as a group:

                            Amount          Approximate
                           And Nature       Percentage
                         Of Beneficial       of Common
Identity                    Ownership       Stock Owned

American Health Systems, Inc.   17,500      3.5%(I)
Linda Bryson                    28,667      5.6%(II)
Michael Kelleher                21,938      4%(II)
Roger Coleman Jr.**             22,500      4.5%(II)

Management as a Group           73,105     14%(III)

     * the above  table does not  include  the stock that was issued in 2002 for
officer and director fees that were accrued on the Companys  books and that are
included in Item 10 of this report.

Item 12.  Certain Relationships and Related Transactions

     On January 5, 2000 the Company  issued  3,600 shares of common stock to its
directors for services rendered at $1.20 per share, for total consideration of $
4,320.

     On March 1, 2000 the Company  issued  6,150  shares of common  stock to its
president  for  services  for  services  rendered at $3.00 per share,  for total
consideration of $ 18,000.

     On June 15,  2000 the  Company  issued  3,600  shares  of  common  stock to
directors for services rendered at $10.00 per share, for total  consideration of
$36,000.

     On June 30, 2000 the Company issued 73,165 shares of common stock at $19.20
per share to purchase  certain assets,  subject to certain  liabilities of three
entities.  The Company issued 44,760 shares of common stock to Northwest Medical
Clinic,  Inc (an S Corp).  The stock was  issued to the 25  shareholders  of the
Company. The Company issued 17,330 shares of common stock to Amerimed of Georgia
and 11,075  shares of common stock to Florimed of Florida.  Total  consideration
received was $1,401,018.These  shares were issued under section 4(2) of the 1933
securities act.

         Amerimed of Georgia        17,330
         Florimed of Tampa          11,075

     These are companies  purchased  that are  controlled by Mr. J. William Byrd
and Richard Furlong who each own 50 % of Amerimed and 47.5% of Florimed each and
therefore can initiate the vote on these  companies.  The shares are shown as an
indirect  ownership  under their names. In addition Mr. Byrd also received 9,428
shares from the business combination.  Mr. Furlong also received 9,428 for total
direct and indirect holdings of 17,348 and 17,330, respectively.

     On June 30, 2000 the company  issued  1,829  shares at $19.20 for a finders
fee to Donner Investment  Corporation for the Northwest Medical Clinic, Inc. and
its two affiliated corporations purchase. Total consideration was $35,120. These
securities were issued under section 4(2) of the 1933 securities act.

     * On January 1, 2002 Northwest  Medical  Clinic,  Inc. was sold back to its
original  shareholders  in  exchange  for the  common  stock  that was issued to
purchase  the  assets  and  liabilities.  Due  to  the  Companys  common  stock
decreasing from $19.20 per share at the time of the acquisition,  to $.40 at the
time of the sale back, the Company  recognized a $1,542,394  loss on the sale of
this discontinued operation.

     On December  12,  2000 the Company  issued  14,400  shares to officers  and
directors for services  rendered at $4.70 per share, for total  consideration of
$67,680.
..
     On January 15, 2001 the Company  issued  2,500  shares of common stock to 5
employees of Northwest Medical Clinic under the Companys Gross Annual Wage Bonus
Plan at $3.40 per share, for total consideration of $4,320.

     On January 18,  2001 the Company  issued  7,238  shares of common  stock to
eight employees of the Company for services  accrued in the amount of $30,324 as
of the year ended 2000 at $4.19 per share.

     On February 21, 2001 the Company  issued 1,255 shares of common stock to an
employee for  services  rendered at $2.98 per share and total  consideration  of
$3,740.

     On March 1, 2001,  the Company  issued 35,000 shares to management  and key
employees  under the Companys employee  stock  options  plan.  The shares were
issued at $3.40 per share and a stock  subscription  receivable  was recorded on
the Companys books in the amount of $119,000.

     On June 6, 2001 the Company  issued  45,000 shares of common stock at $2.13
per share in exchange  for 100% of the shares of  Corporate  Capital  Formation,
Inc. and total consideration of $96,000.

     On June  22,  2001  the  Company  issued  18,000  shares  of  common  stock
collectively  to  directors  for  services   rendered  at  $.60  per  share  for
consideration in the amount of $10,800.

     On, October 1, 2001 the company retired the stock  subscription  receivable
that was  issued on March 1, 2001.  The  35,000  shares  that were  issued  were
cancelled and the stock subscription receivable was retired.

     Triad  Industries,  Inc. pays a management  fee to RB Capital & Equities in
the amount of $7,500.00 per month.

Item 13.  Exhibits and Reports on 8-K

99.1             Section 906 Certification of Linda Bryson
99.2             Section 906 Certification of Michael Kelleher

                           List of documents filed as part of this report:
                           (a) Exhibits
1.       10SBA -March 22, 2001 filed through incorporation by reference included
         restated financial statements.
2.       Articles of Incorporation and By Laws filed by reference 10SB.
3.       March 31, 2000 10QSB Filed by reference
4.       June 30, 2000 10QSB filed by reference
5.       September 30, 2000 10QSB filed by reference
6.       Annual Meeting, Proxy Information and Proxy filed August 1, 2000.
(b)      Reports on Form on 8K
1.       filed June 30, 2000, Acquisition of Northwest Medical Clinic with
         related documents

Item14. Controls and Procedures

         We have instituted disclosure controls and procedures designed to
ensure the timely recording, processing, summarization and reporting to our
management, including our Chief Executive Officer, of information required to be
disclosed in our reports under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"). Within the 90 days prior to the filing date of this Annual
Report on Form 10-KSB, we have performed an evaluation of the effectiveness of
the design and operation of these controls under the supervision and with the
participation of our management, including our Chief Executive Officer. Based
upon that evaluation, the Chief Executive Officer has concluded that the
disclosure controls and procedures effectively alert management to material
information related to the Company in a manner which allows timely decisions
regarding required disclosures of such information. In the design and evaluation
of our disclosure controls and procedures, management has recognized that risks
of misstatements due to error, failures in compliance, or changes in conditions
are inherent in any cost-effective control system. Thus, management can provide
only reasonable assurance that its controls and procedures will achieve their
stated goals under all potential future conditions. There have been no
significant changes in our internal controls or in other factors that could
significantly affect these controls subsequent to the date of management's
evaluation.


                                                                Part IV

                                                              Signatures

     Pursuant to the  Requirements  of Section 13 or 15(d) of the Securities Act
of 1934,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorize.

                                                     TRIAD INDUSTRIES, INC.

                                                     By:_____________________
                                                         Linda Bryson, President


     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
report has been  signed by the  persons on behalf of the  registrant  and in the
capacities and on the dates indicated:



Signature                             Title                               Date


________________                    President                    8/12/2003
Linda Bryson


________________                    Sec. / Treas. / CFO          8/12/2003
Michael W. Kelleher








                                                                  S-1



                        CERTIFICATION OF LINDA BRYSON

I, Linda Bryson, certify that:

(1) I have reviewed this annual report on Form 10-K of Triad Industries,Inc;

(2) Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

(3) Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

(4) The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a) designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this annual report is being
     prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of the date within 90 days prior to filing date of this
     annual report (the "Evaluation Date"); and

     c) presented in this annual report our conclusions about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

(5) The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit committee
of registrant's board of directors (or persons performing the equivalent
function):

     a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

(6) The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

                                                          /s/ Linda Bryson
Date: April 10, 2003                                       --------------------
                                                              Linda Bryson
                                                              President





                         CERTIFICATION OF MICHAEL KELLEHER


I, Michael Kelleher, certify that:

(1) I have reviewed this annual report on Form 10-K of Triad Industries, Inc.;

(2) Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

(3) Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

(4) The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a) designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this annual report is being
     prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of the date within 90 days prior to filing date of this
     annual report (the "Evaluation Date"); and

     c) presented in this annual report our conclusions about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

(5) The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit committee
of registrant's board of directors (or persons performing the equivalent
function):

     a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

(6) The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Date: April 10, 2003                                 /s/ Michael Kelleher
                                                         -----------------
                                                         Michael Kelleher
                                                         Chief Financial Officer
















EXHIBIT 99.1

                  SECTION 906 CERTIFICATION OF LINDA BRYSON


                        CERTIFICATION OF PERIODIC REPORT

      In connection with the Annual Report of Triad Industries,
Inc. (the "Company") on Form 10-K for the period ending December 31, 2002 as
filed with the Securities and Exchange Commission on the date hereof (the
"Report"), I, Linda Bryson, President of the Company, certify,
pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the
Sarbanes-Oxley Act of 2002, that:

         (1.) The Report fully complies with the requirements of section 13(a)
or 15(d) of the Securities Exchange Act of 1934; and

         (2.) The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.


Date: April 10, 2003                              By: /s/ Linda Bryson
                                                       -----------------
                                                          Linda Bryson
                                                          President


























                                  EXHIBIT 99.2

                   SECTION 906 CERTIFICATION OF MICHAEL KELLEHER


                        CERTIFICATION OF PERIODIC REPORT

      In connection with the Annual Report of Triad Industries,
Inc. (the "Company") on Form 10-K for the period ending December 31, 2002 as
filed with the Securities and Exchange Commission on the date hereof (the
"Report"), I, Michael Kelleher, Chief Financial Officer of the Company, certify,
pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the
Sarbanes-Oxley Act of 2002, that:

         (1.) The Report fully complies with the requirements of section 13(a)
or 15(d) of the Securities Exchange Act of 1934; and

         (2.) The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.

Date: April 10, 2003                              By: /s/ Michael Kelleher
                                                         -----------------
                                                          Michael Kelleher
                                                         Chief Financial Officer