SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10QSB

Quarterly Report under Section 13 or 15(d) of
the Securities Exchange Act of 1934

For Quarter Ended                                      Commission File Number
October 31, 2001                                                000-27211

COLORADO COMMUNITY BROADCASTING, INC.
(Name of Registrant)

         Colorado                             84-1469319
------------------------                    --------------------
(State of incorporation)                    (I.R.S. Employer
                                            Identification No.)

10200 W. 44th Avenue, Suite 400, Wheat Ridge, CO 80033

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (303) 741-5785

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 the filing requirements for at least the past 90 days.

Yes No X

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

225,000 common shares as of October 31, 2001


Colorado Community Broadcasting, Inc.

Financial Statements

For the Three Month Period Ended October 31, 2001


MICHAEL JOHNSON & CO., LLC
Certified Public Accountants
9175 East Kenyon Ave., Suite 100

                             Denver, Colorado 80237

Michael B. Johnson C.P.A.                             Telephone:  (303) 796-0099
Member:  A.I.C.P.A.                                         Fax:  (303) 796-0137
Colorado Society of C.P.A.s

REPORT ON REVIEW BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT

To the Board of Directors
Colorado Community Broadcasting, Inc.
Denver, Colorado

We have reviewed the accompanying balance sheet of Colorado Community Broadcasting, Inc. as of October 31, 2001 and the related statements of operations for the three month and six month periods ended October 31, 2001 and 2000, and the cash flows for the six months ended October 31, 2001and 2000 included in the accompanying Securities and Exchange Commission Form 10-QSB for the period ended October 31, 2001. These financial statements are the responsibility of the Company's management.

We conducted our reviews in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to financial data and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to the accompanying financial statements for them to be in conformity with generally accepted accounting principles.

We have previously audited, in accordance with generally accepted auditing standards, the balance sheet as of April 30, 2001, and the related statements of operations, stockholders' equity and cash flows for the year then ended (not presented herein). In our report dated July 3, 2001, we expressed an unqualified opinion on those financial statements. In our opinion, the information set forth in the accompanying balance sheet as of October 31, 2001 is fairly stated in all material respects in relation to the balance sheet from which it has been derived.

Michael Johnson & Co., LLC.
Denver, Colorado
December 10, 2001


                      COLORADO COMMUNITY BROADCASTING, INC.
                         (A Development Stage Company)
                                 Balance Sheets
                                  (Unaudited)


                                                                          October 31,      April 20,
                                                                            2001             2001
                                                                       ------------       ------------
ASSETS:

Current Assets:
  Cash                                                                       $ 378              $ 378
                                                                       ------------       ------------

TOTAL ASSETS                                                                 $ 378              $ 378
                                                                       ============       ============


LIABILITIES AND STOCKHOLDERS' EQUITY:

Liabilities:
  Accounts Payable                                                             $ -                $ -
  Short-term Borrowings from Shareholders                                    3,100              3,100
                                                                       ------------       ------------

TOTAL LIABILITIES                                                            3,100              3,100
                                                                       ------------       ------------

Stockholders' Equity:
  Common stock, $.0001 par value, 100,000,000
    shares authorized, 225,000 shares issued and
    outstanding                                                                 22                 22
  Additional paid-in capital                                                26,978             26,978
  Subscription receivable                                                     (250)              (250)
  Deficit accumulated during the development stage                         (29,472)           (29,472)
                                                                       ------------       ------------

Total Stockholders' Equity                                                  (2,722)            (2,722)
                                                                       ------------       ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                   $ 378              $ 378
                                                                       ============       ============

See accountants review report.


                     COLORADO COMMUNITY BROADCASTING, INC.
                         (A Development Stage Company)
                            Statements of Operations
                                  (Unaudited)


`                                         Three Months Ended              Six Months Ended            March 16, 1998
                                             October 31,                     October 31,             (Inception) to
                                         2001          2000               2001          2000         October 31, 2001
                                         ----          ----               ----          ----         ----------------



INCOME                                       $ -           $ -              $ -           $ -               $ -


OPERATING EXPENSES:
Professional Fees                              -         2,950                -         6,425            26,045
Bank Charges                                   -             -                -             -               166
Telephone                                      -             -                -             -                50
Entertainment                                  -             -                -             -                38
Travel                                         -             -                -             -             3,173
                                         -------      --------         ---------     --------          --------
Total Operating Expenses                       -         2,950                -         6,425            29,472
                                         -------      --------         ---------     --------          --------
Net Loss from Operations                     $ -       $(2,950)             $ -      $ (6,425)         $(29,472)
                                         =======      ========         =========     ========          =========
Weighted average number of
  shares outstanding                     225,000       225,000          225,000       225,000

Net Loss Per Share                           $ -       $ (0.01)             $ -       $ (0.03)
                                         =======      ========         =========     ========

See accountants review report.


                     COLORADO COMMUNITY BROADCASTING, INC.
                         (A Development Stage Company)
                  Statements of Changes in Stockholders' Equity
                                  (Unaudited)


                                                                                                                Deficit
                                                                                                              Accumulated
                                                                              Additional                     During the
                                                        Common Stock            Paid-In      Subscription      Development
                                                      Shares       Amount       Capital      Receivable         Stage         Totals
                                                      ------       ------       -------      ----------         -----         ------

Balance -  March 16, 1998                                     -        $ -            $ -             $ -            $ -        $ -

Stock issued for services                               200,000         20          1,980               -              -      2,000
Stock issued for cash                                    25,000          2         24,998         (10,500)                   14,500
Net loss for year                                             -          -              -               -         (2,793)    (2,793)
                                                        -------      -----        -------         -------       --------    --------
Balance -   April 30, 1999                              225,000         22         26,978         (10,500)        (2,793)    13,707
                                                        -------      -----        -------         -------       --------    --------
Cash payment of subscription receivable                       -          -              -          10,250              -     10,250
Net loss for year                                             -          -              -               -         (5,253)    (5,253)
                                                        -------      -----        -------         -------       --------    --------
Balance -   April 30, 2000                              225,000         22         26,978            (250)        (8,046)    18,704
                                                        -------      -----        -------         -------       --------    --------
Net loss for year                                             -          -              -               -        (21,426)   (21,426)
                                                        -------      -----        -------         -------       --------    --------
Balance -   April 30, 2001                              225,000         22         26,978            (250)       (29,472)    (2,722)
                                                        -------      -----        -------         -------       --------    --------
Net loss for period                                           -          -              -               -              -          -
                                                        -------      -----        -------         -------       --------    --------
Balance - October 31, 2001                              225,000       $ 22        $26,978          $ (250)      $(29,472)   $(2,722)
                                                        =======      =====        =======         ========      ========    ========

See accountants review report.


                     COLORADO COMMUNITY BROADCASTING, INC.
                         (A Development Stage Company)
                            Statements of Cash Flows
                                  (Unaudited)
                                Indirect Method


                                                                                                 March 16, 1998
                                                                    Six Months Ended             (Inception) to
                                                                       October 31,                 October 31,
                                                                   2001             2000              2001
                                                                   ----             ----              ----

Cash Flows From Operating Activities:
  Adjustments to reconcile net loss to net cash
    used in operating activities:
  Net (Loss)                                                            $ -         $ (6,425)         $ (29,472)
  Non-cash items included in loss:
    Stock issued for services                                             -                -              2,000
   Changes in assets and liabilities:
    Increase in  Accrued Expenses                                         -                -                  -
                                                                      -----         --------          ---------
                                                                          -                -                  -
                                                                      -----         --------          ---------
Net Cash Used in Operating Activities                                     -           (6,425)           (27,472)
                                                                      -----         --------          ---------
Cash Flow From Financing Activities:
  Proceeds from Short-Term Borrowings                                     -                -              8,200
  Payment of Short-Term Borrowings                                        -           (1,100)            (5,100)
  Issuance of Common Stock                                                -                -             24,750
                                                                      -----         --------          ---------
  Net Cash Provided By Financing Activities                               -           (1,100)            27,850
                                                                      -----         --------          ---------
Increase (Decrease) in Cash                                               -           (7,525)               378

Cash and Cash Equivalents - Beginning of period                         378           19,804                  -
                                                                      -----         --------          ---------
Cash and Cash Equivalents - End of period                             $ 378         $ 12,279              $ 378
                                                                      =====         ========          =========


Supplemental Cash Flow Information:
  Cash paid for :
  Interest paid                                                         $ -              $ -                $ -
                                                                      =====         ========          =========
  Taxes paid                                                            $ -              $ -                $ -
                                                                      =====         ========          =========

See accountants review report.


COLORADO COMMUNITY BROADCASTING, INC.

NOTES TO FINANCIAL STATEMENTS

1. Presentation of Interim Information

In the opinion of the management of Colorado Community Broadcasting, Inc., the accompanying unaudited financial statements include all normal adjustments considered necessary to present fairly the financial position as of October 31, 2001, and the results of operations for the three months and six months periods ended October 31, 2001 and 2000, and cash flows for the six months ended October 31, 2001 and 2000. Interim results are not necessarily indicative of results for a full year.

The financial statements and notes are presented as permitted by Form 10-Q, and do not contain certain information included in the Company's audited financial statements and notes for the fiscal year ended April 30, 2001.


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS FOR QUARTER ENDED OCTOBER 31, 2001 COMPARED TO QUARTER ENDED OCTOBER 31, 2000

The Company had no income for the period in 2001 or 2000. The company incurred no expenses in the quarter in 2001 but incurred $2,950 in expenses in the quarter in 2000. The Company had no net profit or loss from operations in the period in 2001 and had a net loss of ($2,950) in the period in 2000. Profit loss per share was $.0 in 2001 and ($.001) in 2000.

RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED OCTOBER 31, 2001 COMPARED TO SAME PERIOD IN 2000

The company had no revenues in the period in 2001 or 2000. The company incurred no expenses in the period in 2001 but incurred expenses of $6,425 in the period in 2000. The company had no profit or loss in the period in 2001 as compared to a ($6,425) loss in the period in 2000. There was no profit or loss per share in the period in 2001 but in 2000 in the period the company had a loss per shre of ($.03). The trend of operation losses or no revenues will continue until the company can acheive capital for operations through loans or private placements of stock.

LIQUIDITY AND CAPITAL RESOURCES

The Company had minimal capital at quarter end and will be reliant upon loans from shareholders or private placements to provide operating capital.


PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None

ITEM 2. CHANGES IN SECURITIES

None

ITEM 3. DEFAULT UPON SENIOR SECURITIES

None

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

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

No reports on Form 8-K were made for the period for which

this report is filed.


SIGNATURES

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

Date: December 12, 2001

COLORADO COMMUNITY BROADCASTING, INC.

/s/ Adelisa Shwayder
-------------------------------------------
Adelisa Shwayder, Secretary/Treasurer