Securities and Exchange Commission Washington, DC 20549

     FORM 10-KSB

     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
f incorporation or organization)         (IRS Employer Identification Number)

                           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

As of December 31, 2002, the aggregate  market value of the voting stock held by
non-affiliates  of the  registrant  was  $45,314  based  upon a $.005  per share
trading price on January 2, 2003.

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

 Common Stock                      10,074,863 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

     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  5,256,716  to 526,672  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 5,068,150  shares of HRM post split
common stock and 700,000 shares of $1.00  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 700,000  $1.00
preferred shares and 373,333 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  373,333  (23.5%) of common  shares  before  the merger and  1,120,000
(17.5%) of common shares after the merger. The 700,000 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 unowned 1% interest in
Miramar Road Associates, for cash.

     On June 30, 2000 the Company  issued  1,463,302  shares of common  stock at
$.96 per share to purchase  certain  assets,  subject to certain  liabilities of
three  entities.  The Company issued 895,200 shares of common stock to Northwest
Medical  Clinic,  Inc (an S Corp).  The Company  issued 346,600 shares of common
stock to Amerimed of Georgia and 221,502  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.  1,463,302
shares of common stock were issued at $.96 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 900,000
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 $.96 per share at the time of the  acquisition,  to $.02 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  10,074,863  shares of $.001 par
value common  stock  outstanding  and 150,000  shares of $1.00  preferred  stock
outstanding.

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 an
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 a 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      Mortgage      Rate          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

     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 $.005 and $.08 per share. The number of shares
of record of common stock,  $.001 par value, of the Company was 10,074,863 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
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          $.09             $.30
Qtr Ended 6-30-00          $.01             $.09
Qtr Ended 9-30-00          $.01             $.09
Qtr Ended 12-31-00         $.01             $.06
Qtr Ended 3-31-01          $.005            $.02
Qtr Ended 6-30-01          $.01             $.08
Qtr Ended 9-30-01          $.01             $ 03
Qtr Ended 12-31-01         $.005            $.03

     As of December 31, 2002, the Company has issued and outstanding  10,074,863
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 72,000 shares of common stock to its
directors for services rendered at $.06 per share, for total  consideration of $
4,320.

     On March 1, 2000 the Company  issued  123,333 shares of common stock to its
president  for  services  for  services  rendered  at $.15 per share,  for total
consideration of $ 18,000.

     On June 15,  2000 the  Company  issued  72,000  shares of  common  stock to
directors for services  rendered at $.50 per share,  for total  consideration of
$36,000.

     On June 30, 2000 the Company  issued  1,463,302  shares of common  stock at
$.96 per share to purchase  certain  assets,  subject to certain  liabilities of
three  entities.  The Company issued 895,200 shares of common stock to Northwest
Medical  Clinic,  Inc (an S Corp).  The Company  issued 346,600 shares of common
stock to Amerimed of Georgia and 221,502  shares of common  stock to Florimed of
Florida. Total consideration received was $1,401,018.

     On June 30, 2000 the Company also issued  36,583  shares of common stock at
$.96 per  share,  to Donner  Investment  Corp.  as a  finders  fee for the above
transaction. Total consideration paid was $35,120.

     On October 1, 2000,  200,000  shares of common  stock were  issued to Novak
Capital  Corporation as fees for Investor  Relations  Services.  The shares were
issued at $.20 per share, for total consideration of $40,000.

     On December  12, 2000 the Company  issued  288,000  shares to officers  and
directors for services  rendered at $.24 per share,  for total  consideration of
$67,680.
..
     On January 15, 2001 the Company  issued  50,000 shares of common stock to 5
employees of Northwest  Medical  Clinic  under the  Companys  Gross Annual Wage
Bonus Plan at $.17 per share, for total consideration of $4,320.

     On January 18, 2001 the Company  issued  144,762  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 $.21 per share.

     On February 21, 2001 the Company issued 25,100 shares of common stock to an
employee  for  services  rendered at $.17 per share and total  consideration  of
$3,740.

     On March 1, 2001,  the Company  issued 700,000 shares to management and key
employees  under the Companys employee  stock  options  plan.  The shares were
issued at $.17 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  900,000 shares of common stock at $.11
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  360,000  shares  of  common  stock
collectively to directors shares to directors for services  rendered at $.03 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  700,000  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 1,463,302 shares of common stock that
was issued to purchase the assets and  liabilities.  Due to the Companys common
stock decreasing from $.96 per share at the time of the acquisition,  to $.02 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 700,000 shares of preferred stock it had held. Therefore,  the Company
issued 1,400,000 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  10,074,863  shares of
common stock outstanding.

     It should be noted that the Company  declared a one for twenty 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.

     o 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 $.96 per share at the time of the  acquisition,  to $.02 at the
time of the sale back, the Company  recognized a $1,542,394  loss on the sale of
this 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 $1,950,308 as
of December 31, 2001; this is a decrease of approximately  67%. The decrease can
largely  be  explained  by the sale  back of  Northwest  Medical  Clinic,  Inc.,
Amerimed,  and Florimed.  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

RB Capital            $       400,645  $        502,561
Miramar Road **                -               218,818
Northwest Medical*          -                       1,077,210
Corporate Capital Formation     64,760           63,250
Triad Industries, Inc.        185,905             88,470

*Triad Industries, Inc. sold Northwest Medical Clinic January 1, 2002.
     ** 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 $137,593 compared net income from continuing operations of $56,249
for the same  period of 2001.  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 $.96 per share at the time of the  acquisition,  to $.02 at the
time of the sale back, the Company  recognized a $1,542,394  loss on the sale of
this  discontinued  operation.  For the year ended December 31, 2002 the Company
had a net loss of  $1,404,801  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 $1,950,308 as
of December 31, 2001; this is a decrease of approximately  67%. The decrease can
largely  be  explained  by the sale  back of  Northwest  Medical  Clinic,  Inc.,
Amerimed,  and Florimed.  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.  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  decrease  in the net  operating  loss  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
$1,172,875 from 2001 to 2002 mostly due to the sale of Northwest Medical Clinic,
Inc. It should be noted that costs of sales and general and administrative costs
decreased  proportionately  to the  Companys  decreased  revenues.  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  $545,638  for fiscal 2001 to
$55,504 for fiscal 2002.  The reason for the decrease in bad debt expense is due
to the nature of the services  performed by Northwest Medical Clinic,  which was
sold on January 1, 2002.

     Interest  expense also  decreased from $192,786 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     1,950,308

Total Operating Costs                       537,832     2,314,566

Income (Loss) from Operation                113,476      (364,258)

Other Income/ (Expense)                      84,800       432,590

Net Gain / (Loss) Before Taxes              198,276        68,332







                        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. /
Corporate Capital Formation, Inc.
Financial Service Revenue                   423,405       566,211       512,946
HRM / Northwest Medical**
Healthcare Revenue (HRM inactive)           650,717     1,077,209             -

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)     (117,606)      (32,909)
HRM                                            (355)            -             -
Northwest Medical                           (21,831)      128,263             -
Corporate Capital Formation, Inc.                 -       (28,460)      (15,462)

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     1,949,965
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.
****     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 an 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)  compares to an operating  loss of  ($117,606)  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.


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 3.5:1 current  ratio.  As of December 31,
2002 the Company has $1,003,938 in current assets compared to $3,962,052 for the
same period of 2001. For the year ended December 31, 2002 cash increased $4,189,
accounts  receivable  decreased  $362,140,  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                                 1,003,938         3,962,052
Property (net)                                       1,074,900         1,077,363

Total Assets                                         2,257,129         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                            1,373,058         3,490,302

Total Liabilities and
Stockholders Equity                                  2,257,129         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 $ 1,003,938  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.  The tax -
impound  account and income tax  benefit  are not liquid.  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  $(2,393,782)  of net  operating  losses as of
December 31, 2001,  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.

     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

         See index to financial statements included herein.

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          573,332        5.6%
9980 Scripps Vista Way     Director
# 96
San Diego, CA 92131

Michael Kelleher           Secretary        Common         438,757           4%
32469 Angelo Drive          Director
Temecula, CA 9259

Roger Coleman Jr.*         Director         Common          450,000**       4.5%
2175 Zion Park Blvd
Springdale, UT 84747

Management as a Group                                     1,462,089          14%

Others owning more than 5%

         American Health Systems, Inc.                      350,000       3.5%
         46 Corporate Park
         Irvine, CA 92026

     The above  percentages  are  based on  10,074,863  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  $500to be a director for the year ended  December 31,
2001.  The  amount  was  accrued  on the  Companys  books  at  year  - end  and
subsequently  was retired via a common stock issuance of 50,000 shares of common
stock at $.01 to each director.

     *Officers  received  $2000 to be a director for the year ended December 31,
2001.  The  amount  was  accrued  on the  Companys  books  at  year  - end  and
subsequently was retired via a common stock issuance 0f 200,000 shares of common
stcok at $.01 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.     350,000                   3.5%(I)
Linda Bryson                      572,332                   5.6%(II)
Michael Kelleher                  438,757                   4%(II)
Roger Coleman Jr.**               450,000                   4.5%(II)
Management as a Group           1,462,089                   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 72,000 shares of common stock to its
directors for services rendered at $.06 per share, for total  consideration of $
4,320.

     On March 1, 2000 the Company  issued  123,333 shares of common stock to its
president  for  services  for  services  rendered  at $.15 per share,  for total
consideration of $ 18,000.

     On June 15,  2000 the  Company  issued  72,000  shares of  common  stock to
directors for services  rendered at $.50 per share,  for total  consideration of
$36,000.

     On June 30, 2000 the Company  issued  1,463,302  shares of common  stock at
$.96 per share to purchase  certain  assets,  subject to certain  liabilities of
three  entities.  The Company issued 895,200 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  346,600 shares of common stock to Amerimed of
Georgia  and  221,502  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                346,600
         Florimed of Tampa          221,502

     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 188,560
shares from the business  combination.  Mr.  Furlong also  received  188,560 for
total direct and indirect holdings of 346,952 and 346,952, respectively.

     On June 30, 2000 the company issued 36,583 shares at $.96 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 $.96 per share at the time of the  acquisition,  to $.02 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  288,000  shares to officers  and
directors for services  rendered at $.24 per share,  for total  consideration of
$67,680.  . On January 15, 2001 the Company issued 50,000 shares of common stock
to 5 employees of Northwest Medical Clinic under the Companys Gross Annual Wage
Bonus Plan at $.17 per share, for total consideration of $4,320.

     On January 18, 2001 the Company  issued  144,762  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 $.21 per share.

     On February 21, 2001 the Company issued 25,100 shares of common stock to an
employee  for  services  rendered at $.17 per share and total  consideration  of
$3,740.

     On March 1, 2001,  the Company  issued 700,000 shares to management and key
employees  under the Company s employee  stock  options  plan.  The shares were
issued at $.17 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  900,000 shares of common stock at $.11
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  360,000  shares  of  common  stock
collectively to directors shares to directors for services  rendered at $.03 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  700,000  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

         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                   04/11/2003
Linda Bryson


________________                    Sec. / Treas. / CFO         04/11/2003
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