UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   Form 10-QSB


      X    QUARTERLY REPORT  UNDER TO SECTION 13 OR 15(d) OF THE   SECURITIES
           EXCHANGE ACT OF 1934


               For the quarterly period ended December 31, 2002


           _ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES

                              EXCHANGE ACT OF 1934
                        For the transition period from to
                        Commission File Number 000-24541

                          CORGENIX MEDICAL CORPORATION
                 (Name of Small Business Issuer in its Charter)

              Nevada                           93-1223466
  (State or other jurisdiction of    (I.R.S. Employer Identification
  incorporation or organization)                  No.)


                12061 Tejon Street, Westminster, Colorado 80234

         (Address of principal executive offices, including zip code)

                                 (303) 457-4345


               (Issuer's telephone number, including area code)


      (Former  name,  former  address and former  fiscal year, if changed since
      last report)


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


The number of shares of Common Stock outstanding was 5,247,074 as of February
13, 2003.


Transitional Small Business Disclosure Format.     Yes _     No   X
                                                                  -

<PAGE>




                          CORGENIX MEDICAL CORPORATION


                                December 31, 2002





                                TABLE OF CONTENTS


                                                                     Page


                                     Part I


                              Financial Information


      Item 1.   Consolidated Financial Statements                       3


      Item 2.   Management's Discussion and Analysis of Financial
                Condition and Results of Operations                     11



      Item 3.  Controls and Procedures                                  17




                                     Part II


                                Other Information


      Item 1.   Legal Proceedings                                       22


      Item 2.   Changes in Securities and Use of Proceeds               22


      Item 3.   Defaults Upon Senior Securities                         22


      Item 4.   Submission of Matters to a Vote of Security Holders     23


      Item 5.   Other Information                                       23


      Item 6.   Exhibits and Reports on Form 8-K                        23


      Signature Page                                                    27


      Certifications                                                    28




<PAGE>



                                     PART I
                   Item 1. Consolidated Financial Statements
                          CORGENIX MEDICAL CORPORATION
                                AND SUBSIDIARIES
                           Consolidated Balance Sheets

-------------------------------------------------------------------------------


                                              December 31, 2002   June 30, 2002
                                                 (Unaudited)
                                              ----------------------------------
                Assets

Current Assets:
   Cash and equivalents                           $ 335,047          164,378

   Accounts receivable, less allowance for
    doubtful accounts of  $15,000 and $30,000       815,208          694,394
   Inventories                                      677,637          665,305
   Prepaid Expenses                                  61,059           44,836
                                                  --------------------------
                                                  --------------------------
                    Total current assets          1,888,951        1,568,913

Equipment:
   Capitalized software costs                      122,855           113,261
   Machinery and laboratory equipment              561,174           513,698
   Furniture, fixtures, leaseholds & office        459,116           448,743
   equipment
                                                  --------------------------
                                                  --------------------------
                                                  1,143,145        1,075,702
   Accumulated depreciation and amortization      (708,234)         (642,285)
                                                  --------------------------
                                                  --------------------------
                    Net equipment                  434,911           433,417
                                                  --------------------------
                                                  --------------------------
Intangible assets:
   Patents, net of accumulated amortization of     209,814           247,062
    $907,730 and $870,482
   Goodwill, net of accumulated amortization of     13,677            13,677
    $44,979
                                                  --------------------------
                                                  --------------------------
                     Net intangible assets         223,491           260,739
                                                  --------------------------
                                                  --------------------------
   Due from officer                                 12,000            12,000
   Other assets                                     80,065            53,766
                                                  --------------------------
                                                  --------------------------
                     Total assets                 $2,639,418       2,328,835
                                                  ==========       =========
      Liabilities and Stockholders' Equity

Current liabilities:
   Accounts payable                               $  445,192        553,505
   Accrued payroll and related liabilities           139,539        118,155
   Accrued liabilities                                55,251         24,938
   Accrued interest                                  111,470         98,764
   Notes payable-short term and current portion      248,946        357,672
   Current portion of capital lease obligations      101,105         92,554
                                                  -------------------------
                                                  -------------------------
                       Total current liabilities   1,101,503      1,245,588

Notes payable, excluding current portion             441,485        502,611
Capital lease obligations, excluding current          92,837         99,898
portion
                                                  -------------------------
                                                  -------------------------
                       Total liabilities          1,635,825       1,848,097
                                                  =========       =========
Redeemable common stock, 880,282 shares issued
   and outstanding, aggregate    redemption
   value of  $500,000, net of unaccreted
   discount and issuance costs of $194,754 at
   December 31, 2002                                305,246           -

                             Stockholders' equity:
                       Preferred stock, $0.001 par value.
   Authorized 5,000,000 shares, none issued or       -        -
   outstanding
   Common stock, $0.001 par value.  Authorized
   40,000,000 shares; issued and outstanding
   4,351,431 and 4,333,095 shares at December 31
   and June 30, respectively                            4,352         4,333
   Additional paid-in-capital                       4,935,088     4,695,392
   Accumulated deficit                             (4,244,084)   (4,250,915)
   Accumulated other comprehensive income               2,991        31,928
                                                  --------------------------
                                                  --------------------------
                           Total stockholders'equity  698,347       480,738
                                                  --------------------------
                         Total liabilities and
                         stockholders' equity      $2,639,418     2,328,835
                                                   ===========    =========
See accompanying notes to consolidated financial statements.


<PAGE>






                          CORGENIX MEDICAL CORPORATION
                                AND SUBSIDIARIES
        Consolidated Statements of Operations and Comprehensive Income

                            Three Months Ended         Six Months Ended
                       December 31,   December 31,  December 31, December 31,
                          2002           2001           2002       2001
                     -----------------------------------------------------
                              (Unaudited)                  (Unaudited)
Net sales              $ 1,323,529    1,150,617     2,733,569      2,323,489
Cost of sales              464,353      467,900       876,173        806,379

                     ------------------------------------------------------

          Gross profit $   859,176      682,717      1,857,396     1,517,110


Operating expenses:
   Selling and marketing   392,645      219,368        701,660       452,459
   Research and development215,252      136,772        425,234       275,493
   General and
      administrative       326,631      267,991        627,051       560,030
   Expenses of consumer
   healthcare business        -          53,961           -           91,158

                     ------------------------------------------------------
   Total expenses          934,528      678,092      1,753,945     1,379,140


     Operating income  $   (75,352)      4,625         103,451       137,970
     (loss)
Interest expense, net       23,283      37,280          53,341        72,132

                     ------------------------------------------------------

     Net income (loss) $   (98,635)    (32,655)         50,110        65,838


 Accretion of discount on
   redeemable common stock  22,551        -             43,279          -
                     ------------------------------------------------------
                     ------------------------------------------------------

Net income (loss)
 available to common
 shareholders         $  (121,186)     (32,655)         6,831        65,838
                         =========     ========        ========      =======

Net income (loss) per
share, basic          $     (0.03)       (0.01)           *            0.02

Net income (loss) per
share, diluted        $     (0.03)       (0.01)           *            0.02

Weighted average shares
 outstanding, basic       5,223,197    4,299,744      5,216,259     4,246,660
  (note 3)

Weighted average shares
 outstanding, diluted     5,270,686    4,405,593      5,264,260     4,352,509
   (note 3)              ===========   ==========     ==========    =========


Net income (loss)     $    (116,597)     (32,655)        32,148        65,838


Other comprehensive income
(loss)-foreign currency
translation (loss)           (4,991)      (5,909)       (28,937)       (5,162)


 Total comprehensive  $    (121,588)     (26,746)         3,211        60,676
 income (loss)           ===========    =========     ===========    =========

See accompanying notes to consolidated financial statements.

*- Less than $0.01 per share



<PAGE>


                          CORGENIX MEDICAL CORPORATION
                                AND SUBSIDIARIES
                 Consolidated Statement of Stockholders' Equity
                   For the six months ended December 31, 2002

                     Common                          Accumulated
                     Stock,   Additional                other          Total
                     $0.001    paid-in   Accumulated comprehensive stockholders'
                      par      capital     deficit      income         equity
                    -----------------------------------------------------------
Balance at
June 30, 2002        4,333 $ 4,695,392   (4,250,915)    31,928        480,738

Issuance of
redeemable common
stock                          222,779                                222,779

Issuance of common
stock and stock
options for services   19       16,911                                 16,930

Foreign currency
translation                                           (28,937)        (28,937)

Accretion of discount
on redeemable common
stock                                      (43,279)                   (43,279)

Miscellaneous                      6                                      6

Net income                                  50,110                     50,110

Balance at
December 31, 2002     4,352 $ 4,935,088  (4,244,084)    2,991         698,347
                      ===== ===========  ===========    =====         =======

<PAGE>


                          CORGENIX MEDICAL CORPORATION
                                AND SUBSIDIARIES



                      Consolidated Statements of Cash Flows
-------------------------------------------------------------------------------

                                                   Six Months Ended
                                               December 31,    December 31,
                                                 2002              2001
                                               ---------------------------
                                                        (Unaudited)
Cash flows from operating activities:
  Net income                                   $  50,110          65,838

  Adjustments to reconcile net income
  to net cash used in operating
  activities:
             Depreciation and
             amortization                        103,197         179,828
             Equity instruments issued
             for services                         16,930          21,778
             Changes in operating assets and liabilities:
                  Accounts receivable           (120,814)        (55,937)
                  Inventories                    (12,332)        (82,860)
                  Prepaid expenses and
                  other assets                   (42,522)         28,767
                 Accounts payable               (108,313)       (449,506)
                 Accrued payroll and
                 related liabilities              21,384         (21,087)
                 Accrued interest and
                 other liabilities                43,019          (7,654)
                                               -----------------------------
         Net cash used in operating activities   (49,341)       (320,833)
                                               -----------------------------

Cash flows used in investing activities:
   Purchases of equipment                        (19,966)        (33,374)
                                               ----------------------------
                                               ----------------------------

Cash flows from financing activities:
  Proceeds from issuance of common
  stock, redeemable common stock
  and warrants                                   500,000         193,159
  Proceeds from issuance of notes
  payable                                         19,100         191,445
  Payments on notes payable                     (188,952)        (88,557)
  Payments on capital lease obligations          (45,988)        (34,336)
  Payments for costs of issuance of
  common stock                                   (15,247)        (22,764)
                                               ---------------------------

                Net cash provided  by
                financing activities             268,913        238,947
                                               ---------------------------

                Net increase (decrease)
                in cash and cash
                equivalents                      199,606       (115,260)

Impact of foreign currency translation
adjustment on cash                               (28,937)        (5,162)

Cash and cash equivalents at beginning
of period                                        164,378        320,140

                                               ---------------------------
Cash and cash equivalents at end of            $ 335,047        199,719
period                                         ===========================

Supplemental cash flow disclosures:
    Cash paid for interest                     $  32,939         55,125
Noncash investing and financing
activity--
    Equipment acquired under capital leases    $  47,477        181,533
                                               ---------------------------

See accompanying notes to consolidated financial statements.


<PAGE>




                 CORGENIX MEDICAL CORPORATION AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1.        DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION


On May 22, 1998, REAADS Medical Products (REAADS) completed a merger with a
subsidiary of Gray Wolf Technologies, Inc., an inactive corporation with no
significant assets or operations. The resulting merged corporation, incorporated
under the laws of Delaware, was named Corgenix, Inc. The parent corporation,
incorporated under the laws of Nevada, was renamed Corgenix Medical Corporation
(Corgenix or the Company).Corgenix develops, manufactures and markets diagnostic
products for the serologic diagnosis of certain vascular diseases and autoimmune
disorders using proprietary technology. We market our products to hospital
laboratories and freestanding laboratories worldwide through a network of sales
representatives, distributors, and private label (OEM) agreements. Our
headquarter offices and manufacturing facility are located in Westminster,
Colorado.The consolidated financial statements include the accounts of the
Company, its wholly owned subsidiaries, Corgenix, Inc. and Corgenix UK Limited
(Corgenix UK), and until June of 2002, the accounts of healthoutfitters.com,
Inc. (Ho.com). Corgenix UK was established as a United Kingdom company during
1996 to market the Company's products in Europe and other international markets.
Transactions are generally denominated in US dollars. Ho.com managed an
internet-based healthcare business. The e-commerce internet site,
www.sports-n-fitness.com became operational in the quarter ended June 30, 2001.
The site was a consumer-focused interactive site including healthcare-related
products available for convenient purchase and delivery and links to numerous
other healthcare information sites. In June 2002, the Company determined that
its consumer healthcare business and associated operations via consumer websites
were not strategic to the Company's ongoing objectives and core medical
diagnostic kit business. Accordingly, during the fourth quarter of fiscal 2002,
the Company decided to abandon and close its internet-based consumer business
and all related e-commerce sites managed and operated by Ho.com. Assets
abandoned consisted principally of unamortized capitalized software costs.

The accompanying consolidated financial statements have been prepared without
audit and in accordance with accounting principles generally accepted in the
United States of America for interim financial information and with the
instructions to Form 10-QSB and Article 10 of Regulation S-X. Accordingly, they
do not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements. In the opinion
of the Company, the financial statements include all adjustments (consisting of
normal recurring accruals and adjustments) required to present fairly the
Company's financial position at December 31, 2002 and June 30, 2002 and the
results of operations for the three and six-month periods ended December 31,
2002 and 2001, and the cash flows for the three and six-month periods then
ended. The operating results for the three and six months ended December 31,
2002 are not necessarily indicative of the results that may be expected for the
year ending June 30, 2003. For further information, refer to the consolidated
financial statements and footnotes thereto included in the Company's annual
report on Form 10-KSB for the fiscal year ended June 30, 2002.Management of the
Company has made a number of estimates and assumptions relating to the reporting
of assets and liabilities and the disclosure of contingent assets and
liabilities to prepare these financial statements in conformity with accounting
principles generally accepted in the United States of America. Significant
assumptions inherent in the preparation of the accompanying financial statements
include, but are not limited to, revenue recognition and allowances for doubtful
accounts, the provision for excess and obsolete inventories, and commitments and
contingencies. Actual results could differ from those estimates.


   2. SOFTWARE

The Company accounts for its software and information technology in compliance
with Statement of Position 98-1 ("SOP 98-1"), Accounting for the Costs of
Computer Software Developed or Obtained for Internal Use. SOP 98-1 defines the
types of computer software project costs that may be capitalized. All other
costs are expensed in the period incurred. In order for costs to be capitalized,
the computer software project must be intended to create a new system or add
identifiable functionality to an existing system.In the fourth quarter of fiscal
2001, the Company established an internet-based consumer healthcare business
which consisted primarily of an e-commerce internet site for selling medical and
health products directly to consumers. Direct internal and external costs of
developing the software, other than initial design, were capitalized and began
to be amortized on the straight-line method over three years starting in the
first quarter of fiscal year 2002. See (1) above, for a discussion regarding the
abandonment and closure of the Company's internet-based consumer health care
business. Amortization of $49,659 and $82,767 was recorded on such assets for
the three and six months ended December 31, 2001 respectively. No comparable
amortization was recorded during the latest six-month period.In the quarter
ended December 31, 2001, the Company began development of a business-to-business
web site (Corgenix On Line) for its core business reference laboratory and
hospital customers and potential customers worldwide. The website, when
completed, will allow customers to place orders for the Company's diagnostic
products, pay for said orders, and track the status of such orders. It will also
give full specification and details on all of the Company's diagnostic test
kits. The direct internal and external costs of developing the related software,
other than initial design and other costs incurred during the preliminary
project stage, were capitalized until the software was completed at the end of
September 2002. Through September 2002, all products and enhancements thereto
utilized proven technology. Such capitalized amounts, amounting to $122,855,
began to be amortized on a straight-line basis over a three-year period
commencing in October 2002. No further additions to this project are
anticipated.

3.         EARNINGS PER SHARE

Basic earnings (loss) per share is computed by dividing net income (loss)
available to common shareholders by the weighted average number of common shares
outstanding. Diluted earnings (loss) per share is computed by dividing net
income (loss) available to common shareholders by the weighted average number of
common shares outstanding increased for the dilutive effect of potentially
dilutive securities outstanding during the period. The dilutive effect of stock
options, warrants and their equivalents is calculated using the treasury stock
method

The components of basic and diluted income (loss) per share are as follows:

                           3 months      3 months      6 months     6 months
                             ended         ended        ended        ended
                           December 31,  December 31, December 31, December 31,

Net  income  (loss)
available to common
shareholders             $(121,186)      (32,655)        6,831       65,838
                         =====================================================

Common and common equivalent shares outstanding:
  Historical   common   shares
  outstanding    for    basic
  income  (loss) per share at
  beginning of  period    4,333,095     4,281,246      4,333,095   4,077,290
  Weighted    average   common
  shares issued during
  the period               890,102       18,498         883,164     169,370
                         -----------------------------------------------------

 Weighted average common
 shares-basic             5,223,197     4,299,744      5,216,259   4,246,660

 Dilutive effect of
 potentially dilutive
 securities outstanding     47,489       105,849         48,001     105,849

                         -----------------------------------------------------
 Weighted average common
  shares-diluted          5,270,686    4,405,593       5,264,260   4,352,509

Net income (loss) per
share-basic                 $(0.03)     (0.01)             *          0.02
                        =====================================================
Net income (loss)
share-diluted
   share-diluted            $(0.03)      (0.01)            *           0.02
                        =====================================================


*-less than ($0.01) per share



4.     INCOME  TAXES

A full valuation allowance was provided relating to deferred tax assets as of
December 31, 2002 and 2001.

5.    SEGMENT INFORMATION

The Company has two segments of business: domestic and international operations.
International operations primarily transact sales with customers in the Europe
and continents other than North America, while domestic operations transact
sales primarily in North America. Sales to Chugai for Japan, emanating from the
United States, have historically also been included in the domestic business
segment. Such sales have ceased as of November 30, 2002. The Company's formerly
active subsidiary, Ho.com, had insignificant revenue for the three and six
months ended December 30, 2001. Revenue and expenses for Ho.com are included in
the domestic segment for the three and six months ended December 31, 2001. The
following table sets forth selected financial data for these segments for the
three and six-month periods ended December 30, 2002 and 2001.

           Three Months Ended December 31,     Six Months Ended December 31,

         Domestic    International   Total    Domestic  International   Total

Net
sales
2002    $1,026,374    297,155      1,323,529  2,157,892     575,677   2,733,569
2001    $  886,750    263,867      1,150,617  1,749,982     573,507   2,323,489
        ==========    =======      =========  =========     =======   ==========

Net income
(loss)
2002    $ (153,061)    54,426        (98,635)   (71,201)    121,311      50,110
2001    $ (102,459)    69,804        (32,655)  (125,946)    191,784      65,838
       ===========    =======       =========  =========    =======    =========

Depreciation
and
amortization
2002    $   56,332        480         56,812    102,236         961     103,197
2001    $   83,957        462         84,419    178,905         923     179,828
        ==========    ========       ========   =======      =======    ========

Interest expense,
net
2002    $  (22,126)    (1,157)       (23,283)  (44,158)      (9,183)    (53,341)
2001    $  (29,694)    (7,586)       (37,280)  (57,956)     (14,176)    (72,132)

Segment
assets
2002    $2,165,846     473,572      2,639,418  2,165,846     473,572  2,639,418
2001    $2,457,440     272,338      2,729,778  2,457,440     272,338  2,729,778


6.    REDEEMABLE COMMON STOCK

On July 1, 2002, the Company entered into an agreement (MBL Agreement) with
Medical & Biological Laboratories Co., Ltd. (MBL), a strategic partner and
manufacturer of autoimmune diagnostic kits located in Nagoya, Japan, under which
the Company sold 880,282 shares of its $.001 par value common stock to MBL for
gross proceeds of $500,000. Net proceeds to the Company after issuance costs
were $484,746. Under the MBL Agreement, MBL was also granted a put option which
could cause the Company to repurchase, at a future date, the common stock sold
to MBL under the MBL Agreement. Thus, the common stock sold has been designated
"redeemable common stock." The put option requires the stock to be repurchased
at the original purchase price, payable in either a lump-sum purchase or
financed over a six-month period. The put option is exercisable by MBL any time
after the termination or expiration of the distribution agreement between the
Company and RhiGene, MBL's U.S. subsidiary, upon any merger or consolidation of
the Company with another corporation wherein in the Company's stockholders own
less than 50% of the surviving corporation or upon any sale or other disposition
of all or substantially all of the Company's assets. The present distribution
agreement with RhiGene expires on March 31, 2005, though the distribution
agreement may be renewed or extended prior to that time.

Pursuant to the agreement with MBL, as long as MBL holds at least 50% of the
common stock purchased under the MBL agreement, MBL must give its written
consent with respect to the payment of any dividend, the repurchase of any of
the Company's equity securities, the liquidation or dissolution of the Company
or the amendment of any provision of the Company's Articles of Incorporation or
Bylaws which would adversely affect the rights of MBL under the stock purchase
transaction documents. MBL was granted standard anti-dilution rights with
respect to stock issuances not registered under the Securities Act. MBL also
received standard piggyback registration rights along with certain demand
registration rights.

In addition, as part of the MBL Agreement and for no additional consideration,
MBL was issued warrants to purchase an additional 880,282 shares of Common Stock
at a price of $.568 per share, which is equal to an aggregate amount of
$500,000. These warrants expire on July 3, 2007 and may be exercised in whole or
in part at any time prior to their expiration. The estimated fair value of the
warrant upon issuance was calculated as $401,809 using the Black-Scholes model
with the following assumptions: no expected dividend yield, 143% volatility,
risk free interest rate of 4.2% and an expected life of five years. The gross
proceeds of $500,000 were allocated $277,221 to redeemable common stock and
$222,779 to the related warrants based on the relative fair values of the
respective instruments to the fair value of the aggregate transaction. Issuance
costs and the discount attributed to of the warrants upon issuance are being
accreted on the interest method over the 33-month period prior to the presently
expected first date on which the put option may be exercised, which is the
present expiration date of the distribution agreement between the Company and
RhiGene.




































<PAGE>


                                     Item 2.




                          CORGENIX MEDICAL CORPORATION
                    Management's Discussion and Analysis of
                 Financial Condition and Results of Operations


      The following discussion should be read in conjunction with the
consolidated financial statements and accompanying notes included elsewhere
herein.


      General


            Since the Company's inception, we have been primarily involved in
the research, development, manufacturing and marketing/distribution of
diagnostic tests for sale to hospitals, clinical laboratories, commercial
reference laboratories and research institutions. We currently market 142
products covering autoimmune disorders, vascular diseases, infectious diseases
and liver disease. Our products are sold in the United States, the UK and other
countries through our marketing and sales organization that includes contract
sales representatives, internationally through an extensive distributor network,
and to several significant OEM partners. We manufacture products for inventory
based upon expected sales demand, shipping products to customers, usually within
24 hours of receipt of orders. Accordingly, we do not operate with a customer
order backlog. Except for the fiscal year ended June 30, 1997, we have
experienced revenue growth since our inception, primarily from sales of products
and contract revenues from strategic partners. Contract revenues consist of
licensing fees and milestone payments from research and development agreements
with strategic partners.

      In fiscal year 1996, we began adding third-party OEM licensed products to
our diagnostic product line. Currently we sell 128 products licensed from or
manufactured by third party manufacturers. We expect to expand our relationships
with other companies in the future to gain access to additional products.

      Although we have experienced growth in revenues every year except 1997,
there can be no assurance that, in the future, we will sustain revenue growth,
current revenue levels, or achieve or maintain profitability. Our results of
operations may fluctuate significantly from period-to-period as the result of
several factors, including: (i) whether and when new products are successfully
developed and introduced, (ii) market acceptance of current or new products,
(iii) seasonal customer demand, (iv) whether and when we receive R&D milestone
payments and license fees from strategic partners, (v) changes in reimbursement
policies for the products that we sell, (vi) competitive pressures on average
selling prices for the products that we sell, and (vii) changes in the mix of
products that we sell.

      Critical Accounting Policies

      The Company's consolidated financial statements are prepared in accordance
with accounting principles generally accepted in the United States ("GAAP"). We
believe that the policies identified below are critical to the understanding of
our results of operations. The preparation of financial statements in conformity
with GAAP requires our management to make estimates and assumptions that affect
reported amounts of assets, liabilities, disclosure of contingent assets and
liabilities at the date of the financial statements and reported amounts of
revenues and expenses during the reporting period. Management has made estimates
and assumptions based on these policies. We do not believe that there is a great
likelihood that materially different amounts would be reported if different
assumptions were used. However, the application of these policies involves
judgments and assumptions as to future events and, as a result, actual results
could differ significantly from those estimates.


      Revenue Recognition

      Revenue is recognized upon shipment of products.

      Inventory Valuation

      Inventories are recorded at the lower of cost or market, using the
first-in, first-out method.

      Allowance for Doubtful Accounts

      The Company maintains an allowance for doubtful accounts based on its
historical experience and provides for any specific collection issues that are
identified. Such allowances have historically been adequate to provide for our
doubtful accounts but involve a significant degree of management judgment and
estimation. Worse than expected future economic conditions, unknown customer
credit problems and other factors may require additional allowances for doubtful
accounts to provided for in future periods.

      Equipment and Software

      Equipment and software are recorded at cost. Equipment under capital
leases is recorded initially at the present value of the minimum lease payments.
Depreciation and amortization is calculated primarily using the straight-line
method over the estimated useful lives of the respective assets which range from
3 to 7 years. The internal and external costs of developing and enhancing
software costs related to website development, other than initial design and
other costs incurred during the preliminary project stage, are capitalized until
the software has been completed. Such capitalized amounts are amortized
commencing when the website is placed in service on a straight-line basis over a
three-year period. When assets are sold, retired or otherwise disposed of, the
cost and related accumulated depreciation are eliminated from the accounts and a
gain or loss is recognized. Repair and maintenance costs are expensed as
incurred. We evaluate the realizability of our long-lived assets, including
property and equipment, whenever events or changes in circumstances indicate
that the carrying amount of an asset may not be recoverable.

      Research and Development and Advertising Costs


      Research and development and advertising costs are expensed when incurred.


      Results of Operations


           Three Months Ended December 31, 2002 compared to 2001

      Net sales. Net sales for the three months ended December 31, 2002 were
$1,323,529, a 15.0% increase from $1,150,617 for the same period in 2001 due to
continued expansion of our worldwide distribution network, overall product mix,
and revenue from new products. Product sales increased in most categories.
Domestic sales increased 15.7% while sales to international distributors
increased 12.6%; sales to OEM partners (other medical companies selling Corgenix
manufactured products under the respective company's labels) increased 87.0%,
primarily due to ordering patterns and to sales to new OEM partners. Offsetting
the above increase in domestic sales was a decrease of 49.5% in the sales of
Hyaluronic Acid ("HA") to Chugai for distribution in Japan. Historically and
through November of 2002, Chugai was the Company's largest customer,
representing approximately 7.3% and 17% of sales in the quarters ended December
31, 2002 and 2001, respectively. Chugai has not submitted any orders for HA
product for any period after November 2002. We have no reason to believe that
Chugai will place any additional significant orders for HA in the future. The
Company expects that the loss of HA sales to Chugai after November 2002 will
eventually be made up via international sales of HA in other areas of the world.
The majority of the Company's sales increase for the current fiscal quarter was
due to an increase in the average price per unit sold of approximately 32%,
while unit volume decreased 10%, primarily due to no Chugai orders in December.
Sales of products manufactured for us by other companies, while still relatively
small, are expected to continue to increase during fiscal 2003.


      Cost of sales. Cost of sales was 35.1% of sales in the second quarter
ended December 31, 2002 compared to 40.7% for last year's second quarter. This
decrease reflects lower raw material and overhead components of cost of sales in
addition to the overall sales mix.

      Selling and marketing. Selling and marketing expenses increased 79.0 % to
$392,645 for the three months ended December 31, 2002 from $219,368 in 2001 due
to increases in advertising, consulting, payroll-related costs, royalties
expense, and trade show and travel-related costs.


      Research and development. Research and development expenses for the three
months ended December 31, 2002, increased 57.4% to $215,252 from $136,772 in
2001. Most of this increase came as a result of increased labor-related costs
and purchases and development costs of new products, most notably joint
development projects with one of the Company's strategic partners. In addition,
the Company added additional employees in this area in order to increase and
expedite other new product development efforts.

      General and administrative. General and administrative expenses for the
three months ended December 31, 2002, increased 21.9% to $326,631 from $267,991
in 2001, due to increases in occupancy costs, payroll-related costs, and outside
service expenses such as legal, accounting and consulting expenses.

      Expenses of the consumer healthcare business. In June 2002, the Company
determined that its consumer healthcare business and associated operations via
consumer websites were not strategic to the Company's ongoing objectives and
core medical diagnostic kit business. Accordingly, the Company decided to
abandon and close its internet-based consumer business and all related
e-commerce websites managed and operated by its wholly owned subsidiary,
Health-outfitters.com, Inc. (Ho.com). The results of Ho.com's operations have
been included in continuing operations in the consolidated statements of
operations for the fiscal quarter ended December 31, 2001. Since some of the
employees and office space of Ho.com have been redeployed into the Company's
core business, only those Ho.com expenses which are not expected to recur are
shown separately in the consolidated statements of operations for the same
quarter ended December 31, 2001. The operating expenses of the consumer
healthcare business not expected to recur were $53,961 during that quarter.
There were no such expenses for the current fiscal quarter. The expenses not
expected to recur consisted primarily of amortization of previously capitalized
software costs and costs associated with advertising and promotion of the
consumer healthcare products. Net sales related to the consumer healthcare
business were nil during the quarter ended December 30, 2001.


      Interest expense. Interest expense decreased 37.5% to $23,283 in 2002 from
$37,280 in 2001 due primarily to a decrease in interest-bearing debt in addition
to lower interest rates.

      Six Months Ended December 31, 2002 and 2001


      Net sales. Net sales for the six months ended December 31, 2002 were
$2,733,569, a 17.6% increase from $2,323,489 in 2001 due to continued expansion
of our worldwide distribution network, overall product mix, and revenue from new
products. Product sales increased in most categories. Domestic sales increased
23.3% while sales to international distributors increased less than 1%; sales to
OEM partners (other medical companies selling Corgenix manufactured products
under the respective companys' labels) increased 63.9%, primarily due to
ordering patterns and to sales to new OEM partners. Offsetting the above
increase in domestic sales was a decrease of 35.2% in the sales of HA to Chugai
for distribution in Japan. Historically and through November of 2002, Chugai was
the Company's largest customer, representing approximately 9% and 17% of sales
in the six-month periods ended December 31, 2002 and 2001, respectively. The
majority of the Company's sales increase for the current six months was due to
an increase in the average price per unit sold of approximately 24%, while unit
volume increased less than 1%. Sales of products manufactured for us by other
companies, while still relatively small, are expected to continue to increase
during fiscal 2003.


      Cost of sales. Cost of sales was 32.1% of sales for the six months ended
December 31, 2002 compared to 34.7% for prior year's first six months. This
slight improvement reflects slightly lower raw material and overhead components
in addition to the overall sales mix.

      Selling and marketing. Selling and marketing expenses increased 55.1 % to
$701,660 for the six months ended December 31, 2002 from $452,459 in 2001 due to
increases in advertising, consulting, payroll-related costs, royalties expense,
and trade show and travel-related costs.


      Research and development. Research and development expenses for the six
months ended December 31, 2002, increased 54.4% to $425,234 from $275,493 in
2001. Most of this increase came as a result of increased labor-related costs
and purchases and development costs of new products, most notably, joint
development projects with one of the Company's strategic partners. In addition,
the Company added additional employees in this area in order to increase and
expedite other new product development efforts.

      General and administrative. General and administrative expenses for the
six months ended December 31, 2002, increased 12.0% to $627,051 from $560,030 in
2001, due to increases in occupancy costs, payroll-related costs and outside
service expenses such as legal, accounting and consulting expenses.


      Expenses of the consumer healthcare business. The results of Ho.com's
operations have been included in continuing operations in the consolidated
statements of operations for the six months ended December 31, 2001. Since some
of the employees and office space of Ho.com have been redeployed into the
Company's core business, only those Ho.com expenses which are not expected to
recur are shown separately in the consolidated statements of operations for the
six months ended December 31, 2001. The operating expenses of the consumer
healthcare business not expected to recur were $91,158 during that six-month
period. There were no such expenses for the current six-month period. The
expenses not expected to recur consisted primarily of amortization of previously
capitalized software costs and costs associated with advertising and promotion
of the consumer healthcare products. Net sales related to the consumer
healthcare business were $910 during the six months ended December 31, 2001.

      Interest expense. Interest expense decreased 26.1% to $53,341 in 2002 from
$72,132 in 2001 due primarily to a decrease in interest-bearing debt in addition
to lower interest rates.

      Liquidity and Capital Resources

      Cash used in operating activities was $49,341 for the current six-month
period compared to $320,833 used during the prior fiscal year's comparable six
months. The cash used in operations for the latest quarter resulted primarily
from an increase in accounts receivable and a reduction in accounts payable.

      Net cash used in investing activities, the purchase of equipment, was
$19,966 for the current six months compared to $33,374 in the prior year's
comparable six-month period. The reduction was mainly attributable to reduced
spending on internally developed software.


      Net cash provided by financing activities amounted to $268,913 for the six
months ended December 31, 2002 compared to $238,947 for the same period in the
prior fiscal year. This slight increase in cash provided over the comparable
prior year six month period was primarily due to the private sale of redeemable
common stock, offset by payments on notes payable. On July 1, 2002, the Company
entered into an agreement ("MBL Agreement") with Medical & Biological
Laboratories Co., Ltd. ("MBL"), a strategic partner and manufacturer of
autoimmune diagnostic kits located in Nagoya, Japan, under which the Company
sold 880,282 shares of its $.001 par value common stock to MBL for gross
proceeds of $500,000. Net proceeds to the Company after issuance costs were
$494,793. Under the MBL Agreement, MBL was also granted a put option that could
cause the Company to repurchase, at a future date, the common stock sold to MBL
under the MBL Agreement. Thus, the common stock sold has been designated
"redeemable common stock." The put option requires the stock to be repurchased
at the original purchase price, payable in either a lump-sum purchase or
financed over a six-month period. The put option is exercisable by MBL any time
after the termination or expiration of the distribution agreement between the
Company and RhiGene, MBL's U.S. subsidiary, upon any merger or consolidation of
the Company with another corporation wherein in the Company's stockholders own
less than 50% of the surviving corporation or upon any sale or other disposition
of all or substantially all of the Company's assets. The present distribution
agreement with RhiGene expires on March 31, 2005, though the distribution
agreement may be renewed or extended prior to that time.


      Pursuant to the agreement with MBL, as long as MBL holds at least 50% of
the common stock purchased under the MBL agreement, MBL must give its written
consent with respect to the payment of any dividend, the repurchase of any of
the Company's equity securities, the liquidation or dissolution of the Company
or the amendment of any provision of the Company's Articles of Incorporation or
Bylaws which would adversely affect the rights of MBL under the stock purchase
transaction documents. MBL was granted standard anti-dilution rights with
respect to stock issuances not registered under the Securities Act. MBL also
received standard piggyback registration rights along with certain demand
registration rights.

      In addition, as part of the MBL Agreement and for no additional
consideration, MBL was issued warrants to purchase an additional 880,282 shares
of Common Stock at a price of $.568 per share, which is equal to an aggregate
amount of $500,000. These warrants expire on July 3, 2007 and may be exercised
in whole or in part at any time prior to their expiration. The estimated fair
value of the warrant upon issuance was calculated as $401,809 using the
Black-Scholes model with the following assumptions: no expected dividend yield,
143% volatility, risk free interest rate of 4.2% and an expected life of five
years. The gross proceeds of $500,000 were allocated $277,221 to redeemable
common stock and $222,779 to the related warrants based on the relative fair
values of the respective instruments to the fair value of the aggregate
transaction. Issuance costs and the discount attributed to of the warrants upon
issuance are being accreted on the interest method over the 33-month period
prior to the presently expected first date on which the put option may be
exercised, which is the present expiration date of the distribution agreement
between the Company and RhiGene.

      Historically, we have financed our operations primarily through sales of
common and preferred stock. In fiscal 2002, we raised $164,471 before offering
expenses through a private sale of common stock.

      We have also generated cash for operations from sales, in the normal
course of business, of diagnostic products and agreements with strategic
partners. As of December 31, 2002, our accounts payable decreased 19.6% to
$445,192 from $553,505 as of June 30, 2002 due to a concerted effort to bring
our accounts payable more current.

      Our future capital requirements will depend on a number of factors,
including the rate at which we grow our business and our investment in
proprietary research activities, the ability of our current and future strategic
partners to fund outside research and development activities, our success in
increasing sales of both existing and new products and collaborations, expenses
associated with unforeseen litigation, regulatory changes, competition,
technological developments, general economic conditions and potential future
merger and acquisition activity. Our principal sources of liquidity have been
cash provided from operating and financing activities, cash raised from the
private sale of common stock mentioned above, and long-term debt financing, of
which $557,955 remained outstanding as of December 31, 2002. We believe that we
will continue investigating new debt agreements and may sell additional equity
securities in fiscal year 2003 to develop the markets and obtain the regulatory
approvals for the HA products, and to pursue all of our strategic objectives. We
believe that our existing cash, bank line of credit, working capital and
anticipated cash flow from existing operations will be sufficient to support our
current operating plan for at least the next 12 months. At December 31, 2002,
the Company's available borrowings under its $300,000 line of credit with Vectra
Bank amounted to the full $300,000 based upon the calculation of the borrowing
base. This estimate of our future capital requirements is a forward-looking
statement that is based on assumptions that involve varying risks and
uncertainties. Actual results may differ significantly from our estimates.

      Recently Issued Accounting Pronouncements

      In July 2002, the FASB issued SFAS No. 146, "Accounting for Costs
Associated with Exit or Disposal Activities," (effective January 1, 2003) which
replaces Emerging Issues Task Force (EITF) Issue No. 94-3 "Liability Recognition
for Certain Employee Termination Benefits and Other Costs to Exit an Activity
(including Certain Costs Incurred in a Restructuring)." SFAS No. 146 requires
that a liability for a cost associated with an exit or disposal activity be
recognized when the liability is incurred and states that an entity's commitment
to an exit plan, by itself, does not create a present obligation that meets the
definition of a liability. SFAS No. 146 also establishes that fair value is the
objective for initial measurement of the liability. Management does not believe
that SFAS 146 will have a material effect on the Company during fiscal 2003.

      In November 2002, the Financial Accounting Standards Board issued
Interpretation No. 45, Guarantor's Accounting and Disclosure Requirements for
Guarantees, Including Indirect Guarantees of Indebtedness of Others (the
Interpretation), which addresses the disclosure to be made by a guarantor in its
interim and annual financial statements about its obligations under guarantees.
The Interpretation also requires the recognition of a liability by a guarantor
at the inception of certain guarantees. The Interpretation requires the
guarantor to recognize a liability for the non-contingent component of the
guarantee, this is the obligation to stand ready to perform in the event that
specified triggering events or conditions occur. The initial measurement of this
liability is the fair value of the guarantee at inception. The recognition of
the liability is required even if it is not probable that payments will be
required under the guarantee or if the guarantee was issued with a premium
payment or as part of a transaction with multiple elements. The Company is
required to adopt the disclosure provisions of the Interpretation beginning with
its fiscal 2003 consolidated financial statements, and will apply the
recognition and measurement provisions for all guarantees entered into or
modified after December 31, 2002. The Company has not completed its assessment
of the recognition provisions of the Interpretation; however, the impact of the
adoption is not expected to have a significant impact on the Company's
consolidated financial statements.

      In December 2002, the FASB issued SFAS No. 148, "Accounting for
Stock-Based Compensation--Transition and Disclosure." This statement amends FASB
Statement No. 123 "Accounting for Stock-Based Compensation," to provide
alternative methods of transition for a voluntary change to the fair value based
method of accounting for stock-based employee compensation. This statement also
amends the disclosure requirements of Statement 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. The provisions of this statement relating to
alternative transition methods and annual disclosure requirements are effective
for the year ending June 30, 2002. The provisions of this statement relating to
interim financial information are effective for the quarter ending March 31,
2003. The transitional provisions will not have an impact on the Company's
financial statements unless it elects to change from the intrinsic value method
to the fair value method. The Company believes that the provisions relating to
annual and interim disclosures will change the manner in which we disclose
information regarding stock-based compensation.


                                       Item 3.

                               Controls and Procedures

Evaluation of disclosure controls and procedures. The Company, under the
supervision and with the participation of the Company's management, including
its Chief Executive Officer and Chief Financial Officer, carried out an
evaluation of the effectiveness of the design and operation of the Company's
disclosure controls and procedures (as defined in Rules 240.13a-14(c) and
15d-14(c) under the Securities Exchange Act of 1934 (the "Exchange Act")) as of
a date within ninety days before the filing date of this quarterly report (the
"Evaluation Date"). Based upon this evaluation, the Chief Executive Officer and
Chief Financial Officer concluded that, as of the Evaluation Date, the Company's
disclosure controls and procedures were effective for the purposes of recording,
processing, summarizing and timely reporting information required to be
disclosed by the Company in the reports that it files under the Securities
Exchange Act of 1934 and that such information is accumulated and communicated
to the Company's management in order to allow timely decisions regarding
required disclosure.

Changes in internal controls. There have been no significant changes in the
Company's internal controls or in other factors that could significantly affect
the Company's disclosure controls and procedures subsequent to the Evaluation
Date, nor were there any significant deficiencies or material weaknesses in the
Company's internal controls.


      Forward-Looking Statements and Risk Factors

      This 10-QSB includes statements that are not purely historical and are
"forward-looking statements" within the meaning of Section 21E of the Securities
Act of 1934, as amended, including statements regarding our expectations,
beliefs, intentions or strategies regarding the future. All statements other
than historical fact contained in this 10-QSB, including, without limitation,
statements regarding future product developments, acquisition strategies,
strategic partnership expectations, technological developments, the availability
of necessary components, research and development programs and distribution
plans, are forward-looking statements. All forward-looking statements included
in this 10-QSB are based on information available to us on the date hereof, and
we assume no obligation to update such forward-looking statements. Although we
believe that the assumptions and expectations reflected in such forward-looking
statements are reasonable, we can give no assurance that such expectations will
prove to have been correct or that we will take any actions that may presently
be planned.

      Certain factors that could cause actual results to differ materially from
those expected include the following:

      Losses   Incurred;   Future   Capital   Needs;   Risks  Relating  to  the
Professional Products Business; Uncertainty of Additional Funding

      We have incurred operating losses and negative cash flow from operations
for most of our history. Losses incurred since our inception have aggregated
$4,262,046, and there can be no assurance that we will be able to generate
positive cash flows to fund our operations in the future or to pursue our
strategic objectives. Assuming no significant uses of cash in acquisition
activities or other significant changes, we believe that we will have sufficient
cash to satisfy our needs for at least the next year. If we are not able to
operate profitably and generate positive cash flows, we may need to raise
additional capital to fund our operations. If we need additional financing to
meet our requirements, there can be no assurance that we will be able to obtain
such financing on terms satisfactory to us, if at all. Alternatively, any
additional equity financing may be dilutive to existing stockholders, and debt
financing, if available, may include restrictive covenants. If adequate funds
are not available, we might be required to limit our research and development
activities or our selling and marketing activities any of which could have a
material adverse effect on the future of the business.

      Dependence on Collaborative  Relationships  and Third Parties for Product
      Development and Commercialization

      We have historically entered into licensing and research and development
agreements with collaborative partners, from which we derived a significant
percentage of our revenues in past years. Pursuant to these agreements, our
collaborative partners have specific responsibilities for the costs of
development, promotion, regulatory approval and/or sale of our products. We will
continue to rely on future collaborative partners for the development of
products and technologies. There can be no assurance that we will be able to
negotiate such collaborative arrangements on acceptable terms, if at all, or
that current or future collaborative arrangements will be successful. To the
extent that we are not able to establish such arrangements, we could experience
increased capital requirements or be forced to undertake such activities at our
own expense. The amount and timing of resources that any of these partners
devotes to these activities will generally be based on progress by us in our
product development efforts. Usually, collaborative arrangements may be
terminated by the partner upon prior notice without cause and there can be no
assurance that any of these partners will perform its contractual obligations or
that it will not terminate its agreement. With respect to any products
manufactured by third parties, there can be no assurance that any third-party
manufacturer will perform acceptably or that failures by third parties will not
delay clinical trials or the submission of products for regulatory approval or
impair our ability to deliver products on a timely basis.

      Uncertainty  as to Future  Orders for  Hyaluronic  Acid Test Kits  ("HA")
from Company's Former Largest Customer


      Chugai has not submitted any orders for HA for periods after November
2002. As we have no reason to believe that Chugai will place any additional
significant orders for HA after November 2002, we are internally not projecting
any orders by Chugai of HA after November 2002.

      No Assurance of Successful or Timely Development of Additional Products

      Our business strategy includes the development of additional diagnostic
products both for the diagnostic business and consumer products business. Our
success in developing new products will depend on our ability to achieve
scientific and technological advances and to translate these advances into
commercially competitive products on a timely basis. Development of new products
requires significant research, development and testing efforts. We have limited
resources to devote to the development of products and, consequently, a delay in
the development of one product or the use of resources for product development
efforts that prove unsuccessful may delay or jeopardize the development of other
products. Any delay in the development, introduction and marketing of future
products could result in such products being marketed at a time when their cost
and performance characteristics would not enable them to compete effectively in
their respective markets. If we are unable, for technological or other reasons,
to complete the development and introduction of any new product or if any new
product is not approved or cleared for marketing or does not achieve a
significant level of market acceptance, our results of operations could be
materially and adversely affected.

      Competition in the Diagnostics Industry

      Competition in the human medical diagnostics industry is, and is expected
to remain, significant. Our competitors range from development stage diagnostics
companies to major domestic and international pharmaceutical companies. Many of
these companies have financial, technical, marketing, sales, manufacturing,
distribution and other resources significantly greater than ours. In addition,
many of these companies have name recognition, established positions in the
market and long standing relationships with customers and distributors.
Moreover, the diagnostics industry has recently experienced a period of
consolidation, during which many of the large domestic and international
pharmaceutical companies have been acquiring mid-sized diagnostics companies,
further increasing the concentration of resources. There can be no assurance
that technologies will not be introduced that could be directly competitive with
or superior to our technologies.



<PAGE>


      Governmental Regulation of Diagnostics Products

      The testing, manufacture and sale of our products is subject to regulation
by numerous governmental authorities, principally the FDA and certain foreign
regulatory agencies. Pursuant to the Federal Food, Drug, and Cosmetic Act, and
the regulations promulgated there under, the FDA regulates the preclinical and
clinical testing, manufacture, labeling, distribution and promotion of medical
devices. We are not able to commence marketing or commercial sales in the United
States of new products under development until we receive clearance from the
FDA. The testing for, preparation of and subsequent FDA regulatory review of
required filings can be a lengthy, expensive and uncertain process.
Noncompliance with applicable requirements can result in, among other
consequences, fines, injunctions, civil penalties, recall or seizure of
products, repair, replacement or refund of the cost of products, total or
partial suspension of production, failure of the government to grant premarket
clearance or pre-market approval for devices, withdrawal of marketing clearances
or approvals, and criminal prosecution.

      There can be no assurance that we will be able to obtain necessary
regulatory approvals or clearances for our products on a timely basis, if at
all, and delays in receipt of or failure to receive such approvals or
clearances, the loss of previously received approvals or clearances, limitations
on intended use imposed as a condition of such approvals or clearances or
failure to comply with existing or future regulatory requirements could have a
material adverse effect on our business.

      Dependence on Distribution  Partners for Sales of Diagnostic  Products in
International Markets

      We have entered into distribution agreements with collaborative partners
in which we have granted distribution rights for certain of our products to
these partners within specific international geographic areas. Pursuant to these
agreements, our collaborative partners have certain responsibilities for market
development, promotion, and sales of the products. If any of these partners
fails to perform its contractual obligations or terminates its agreement, this
could have a material adverse effect on our business, financial condition and
results of operations.

      Governmental Regulation of Manufacturing and Other Activities

      As a manufacturer of medical devices for marketing in the United States,
we are required to adhere to applicable regulations setting forth detailed good
manufacturing practice requirements, which include testing, control and
documentation requirements. We must also comply with Medical Device Report
("MDR") requirements, which require that a manufacturer report to the FDA any
incident in which its product may have caused or contributed to a death or
serious injury, or in which its product malfunctioned and, if the malfunction
were to recur, it would be likely to cause or contribute to a death or serious
injury. We are also subject to routine inspection by the FDA for compliance with
QSR requirements, MDR requirements and other applicable regulations. The FDA has
recently implemented new QSR requirements, including the addition of design
controls that will likely increase the cost of compliance. Labeling and
promotional activities are subject to scrutiny by the FDA and, in certain
circumstances, by the Federal Trade Commission. We may incur significant costs
to comply with laws and regulations in the future, which may have a material
adverse effect upon our business, financial condition and results of operations.

      Regulation Related to Foreign Markets

      Distribution of diagnostic products outside the United States is subject
to extensive government regulation. These regulations, including the
requirements for approvals or clearance to market, the time required for
regulatory review and the sanctions imposed for violations, vary from country to
country. We may be required to incur significant costs in obtaining or
maintaining foreign regulatory approvals. In addition, the export of certain of
our products that have not yet been cleared for domestic commercial distribution
may be subject to FDA export restrictions. Failure to obtain necessary
regulatory approval or the failure to comply with regulatory requirements could
have a material adverse effect on our business, financial condition and results
of operations.
      Uncertain  Availability  of  Third  Party  Reimbursement  for  Diagnostic
      Products

      In the United States, health care providers that purchase diagnostic
products, such as hospitals and physicians, generally rely on third party
payers, principally private health insurance plans, federal Medicare and state
Medicaid, to reimburse all or part of the cost of the procedure. Third party
payers are increasingly scrutinizing and challenging the prices charged for
medical products and services and they can affect the pricing or the relative
attractiveness of the product. Decreases in reimbursement amounts for tests
performed using our diagnostic products, failure by physicians and other users
to obtain reimbursement from third party payers, or changes in government and
private third party payers' policies regarding reimbursement of tests utilizing
diagnostic products, may affect our ability to sell our diagnostic products
profitably. Market acceptance of our products in international markets is also
dependent, in part, upon the availability of reimbursement within prevailing
health care payment systems.

      Uncertainty of Protection of Patents, Trade Secrets and Trademarks

      Our success depends, in part, on our ability to obtain patents and license
patent rights, to maintain trade secret protection and to operate without
infringing on the proprietary rights of others. There can be no assurance that
our issued patents will afford meaningful protection against a competitor, or
that patents issued to us will not be infringed upon or designed around by
others, or that others will not obtain patents that we would need to license or
design around. We could incur substantial costs in defending the Company or our
licensees in litigation brought by others. Our business could be adversely
affected.

      Risks Regarding Potential Future Acquisitions

      Our growth strategy includes the desire to acquire complementary
companies, products or technologies. There is no assurance that we will be able
to identify appropriate companies or technologies to be acquired, to negotiate
satisfactory terms for such an acquisition, or to obtain sufficient capital to
make such acquisitions. Moreover, because of limited cash resources, we will be
unable to acquire any significant companies or technologies for cash and our
ability to effect acquisitions in exchange for our capital stock may depend upon
the market prices for our Common Stock. If we do complete one or more
acquisitions, a number of risks arise, such as short-term negative effects on
our reported operating results, diversion of management's attention,
unanticipated problems or legal liabilities, and difficulties in the integration
of potentially dissimilar operations. The occurrence of some or all of these
risks could have a material adverse effect on our business, financial condition
and results of operations.

      Dependence on Suppliers

      The components of our products include chemical and packaging supplies
that are generally available from several suppliers, except certain antibodies,
which we purchases from single suppliers. We mitigate the risk of a loss of
supply by maintaining a sufficient supply of such antibodies to ensure an
uninterrupted supply for at least three months. We have also qualified second
vendors for all critical raw materials and believe that we can substitute a new
supplier with respect to any of these components in a timely manner. However,
there can be no assurances that we will be able to substitute a new supplier in
a timely manner and failure to do so could have a material adverse effect on our
business, financial condition and results of operations.

      Limited Manufacturing Experience with Certain Products

      Although we have manufactured over twelve million diagnostic tests based
on our proprietary applications of ELISA (enzyme linked immuno-absorbent assay)
technology, certain of our diagnostic products in consideration for future
development, incorporate technologies with which we have little manufacturing
experience. Assuming successful development and receipt of required regulatory
approvals, significant work may be required to scale up production for each new
product prior to such product's commercialization. There can be no assurance
that such work can be completed in a timely manner and that such new products
can be manufactured cost-effectively, to regulatory standards or in sufficient
volume.

      Seasonality of Products; Quarterly Fluctuations in Results of Operations

      Our revenue and operating results have historically been minimally subject
to quarterly fluctuations. There can be no assurance that such seasonality in
our results of operations will not have a material adverse effect on our
business.

      Dependence on Key Personnel

      Because of the specialized nature of our business, our success will be
highly dependent upon our ability to attract and retain qualified scientific and
executive personnel. In particular, we believe our success will depend to a
significant extent on the efforts and abilities of Dr. Luis R. Lopez and
Douglass T. Simpson, who would be difficult to replace. There can be no
assurance that we will be successful in attracting and retaining such skilled
personnel, who are generally in high demand by other companies. The loss of,
inability to attract, or poor performance by key scientific and executive
personnel may have a material adverse effect on our business, financial
condition and results of operations.

      Product Liability Exposure and Limited Insurance

      The testing, manufacturing and marketing of medical diagnostic devices
entails an inherent risk of product liability claims. To date, we have
experienced no product liability claims, but any such claims arising in the
future could have a material adverse effect on our business, financial condition
and results of operations. Our product liability insurance coverage is currently
limited to $2 million. Potential product liability claims may exceed the amount
of our insurance coverage or may be excluded from coverage under the terms of
our policy or limited by other claims under our umbrella insurance policy.
Additionally, there can be no assurance that our existing insurance can be
renewed by us at a cost and level of coverage comparable to that presently in
effect, if at all. In the event that we are held liable for a claim against
which we are not insured or for damages exceeding the limits of our insurance
coverage, such claim could have a material adverse effect on our business,
financial condition and results of operations.

      Limited Public Market;  Possible Volatility in Stock Prices;  Penny Stock
      Rules

      There has, to date, been no active public market for our Common Stock, and
there can be no assurance that an active public market will develop or be
sustained. Although our Common Stock has been traded on the OTC Bulletin
Board(R) since February 1998, the trading has been sporadic with insignificant
volume.

      Moreover, the over-the-counter markets for securities of very small
companies historically have experienced extreme price and volume fluctuations
during certain periods. These broad market fluctuations and other factors, such
as new product developments and trends in our industry and the investment
markets and economic conditions generally, as well as quarterly variation in our
results of operations, may adversely affect the market price of our Common
Stock. In addition, our Common Stock is subject to rules adopted by the
Securities and Exchange Commission regulating broker-dealer practices in
connection with transactions in "penny stocks." As a result, many brokers are
unwilling to engage in transactions in our Common Stock because of the added
disclosure requirements.

      Risks Associated with Exchange Rates

      Our financial statements are presented in US dollars. At the end of each
fiscal quarter and the fiscal year, we convert the financial statements of
Corgenix UK, which operates in pounds sterling, into US dollars, and consolidate
them with results from Corgenix, Inc. We may, from time to time, also need to
exchange currency from income generated by Corgenix UK. Foreign exchange rates
are volatile and can change in an unknown and unpredictable fashion. Should the
foreign exchange rates change to levels different than anticipated by us, our
business, financial condition and results of operations may be materially
adversely affected.




<PAGE>





                          CORGENIX MEDICAL CORPORATION


                                     Part II


                                Other Information





Item 1.    Legal Proceedings


      Corgenix is not a party to any material litigation or legal proceedings.


Item 2.    Changes in Securities and Use of Proceeds

               None

Item 3.    Defaults Upon Senior Securities


                None


Item 4.    Submission of Matters to a Vote of Security Holders



(a)        The Registrant's Annual Meeting of Shareholders was held December 11,
           2002.


(b)        The following directors were elected for the ensuing year at the
           Annual Meeting:

           Luis R. Lopez, M.D.            Douglass T. Simpson
           Jack W. Payne                  Wendell J. Gardner
           Jun Sasaki

(c)        The matters voted upon at the Annual Meeting, the number of votes
           cast for, against, or withheld, as well as the number of abstentions
           and non-votes as to each such matter were as follows:

1.         The election of Luis R. Lopez, M.D., as a director:

           3,778,905 votes for; 0 votes against; 215,100 votes withheld; 0
           abstentions; 0 non-votes.

2. The election of Douglass T. Simpson, as a director.

           3,779,005 votes for; 0 votes against; 215,000 votes withheld; 0
           abstentions; 0 non-votes.

3. The election of Jack W. Payne, as a director.

           3,779,005 votes for; 0 votes against; 215,000 votes withheld; 0
           abstentions; 0 non-votes.

4. The election of Wendell J. Gardner, as a director.

           3,779,005 votes for; 0 votes against; 215,000 votes withheld; 0
           abstentions; 0 non-votes.

5. The election of Jun Sasaki, as a director.

                     3,775,526 votes for; 0 votes against; 218,479 votes
      withheld; 0 abstentions; 0 non-votes.

6. To approve the Company's Amended and Restated 1999 Incentive Stock Plan.

           3,581,377 votes for; 285,448 votes against; 0 votes withheld; 127,180
           abstentions; 0 non-votes.

7.         To approve the Company's Amended and Restated Employee Stock Purchase
           Plan.

           3,576,760 votes for; 288,345 votes against; 0 votes withheld; 128,900
           abstentions; 0 non-votes.

8.         To ratify the appointment of KPMG LLP as our independent auditors for
           the current fiscal year ending June 30, 2003:

           3,971,886 votes for; 20,259 votes against; 0 votes withheld; 1,860
           abstentions; 0 non-votes.


Item 5.    Other Information


         None

Item 6.  Exhibits and Reports on Form 8-K.

a. Index to and Description of Exhibits



Exhibit
Number   Description of Exhibit

2.1      Agreement  and Plan of Merger  dated as of May 12,  1998 by
         and  among  Gray  Wolf   Technologies,   Inc.,   Gray  Wolf
         Acquisition Corp. and REAADS Medical Products,  Inc. (filed
         with the Company's Registration Statement on Form 10-SB filed June 29,
         1998, and incorporated herein by reference).
2.2      First Amendment to Agreement and Plan of Merger dated as
         of May 22, 1998 by and among Gray Wolf Technologies, Inc.,
         Gray Wolf Acquisition Corp. and REAADS Medical Products,
         Inc. (filed  with the Company's Registration Statement on
         Form 10-SB filed June 29, 1998, and incorporated herein by
         reference).
2.3      Second Amendment to Agreement and Plan of Merger dated as of June 17,
         1998 by and among the Company and TransGlobal Financial Corporation
         (filed with the Company's Registration Statement on Form 10-SB filed
         June 29, 1998, and incorporated herein by reference).
3.1      Articles of Incorporation, as amended (filed with the Company's
         Registration Statement on Form 10-SB filed June 29, 1998, and
         incorporated herein by reference).
3.2      Bylaws (filed with the Company's Registration Statement on Form 10-SB
         filed June 29, 1998, and incorporated herein by reference).

3.3      Articles of Incorporation of health-outfitters.com, Inc. dated November
         16, 1999 (filed with the Company's Form 10-QSB for the fiscal quarter
         ended December 31, 1999 and incorporated herein by reference).

3.4      Bylaws of health-outfitters.com, Inc. dated November 16,
         1999 (filed  with the Company's  Form 10-QSB for the
         fiscal quarter ended December 31, 1999).

10.1     Manufacturing Agreement dated September 1, 1994 between
         Chugai Pharmaceutical Co., Ltd. and REAADS Medical
         Products, Inc. (filed  with the Company's Registration
         Statement on Form 10-SB filed June 29, 1998, and
         incorporated herein by reference).
10.2     Amendment to the Manufacturing Agreement dated as of
         January 17, 1995 between Chugai Pharmaceutical Co., Ltd.
         and REAADS Medical Products, Inc. (filed  with the
         Company's Registration Statement on Form 10-SB filed June
         29, 1998, and incorporated herein by reference).
10.3     Amendment to Agreement dated November 17, 1997 between
         Chugai Diagnostic Science, Co., Ltd. and REAADS Medical
         Products, Inc. (filed  with the Company's Registration
         Statement on Form 10-SB filed June 29, 1998, and
         incorporated herein by reference).
10.4     License Agreement dated June 30, 2001 between Chugai
         Diagnostic Science Co., Ltd. and Corgenix Medical
         Corporation (filed with the Company's Form 10-KSB, and
         incorporated herein by reference).
10.5     Office Lease dated May 5, 2001 between Crossroads West
         LLC/Decook Metrotech LLC and Corgenix, Inc. (filed with
         the Company's Form-10KSB, and incorporated herein by
         reference).
10.6     Guarantee dated November 1, 1997 between William George Fleming,
         Douglass Simpson and Geoffrey Vernon Callen (filed with the Company's
         Registration Statement on Form 10-SB filed June 29, 1998, and
         incorporated herein by reference).
10.7     Employment Agreement dated April 1, 2001 between Luis R. Lopez and the
         Company filed with the Company's Form 10-KSB, and incorporated herein
         by reference.
10.8     Employment Agreement dated April 1, 2001 between Douglass T. Simpson
         and the Company filed with the Company's Form 10-KSB, and incorporated
         herein by reference..
10.9     Employment Agreement dated April 1, 2001 between Ann L. Steinbarger and
         the Company filed with the Company's Form 10-KSB, and incorporated
         herein by reference.
10.10    Employment Agreement dated April 1, 2001 between Taryn G. Reynolds and
         the Company filed with the Company's Form 10-KSB, and incorporated
         herein by reference.
10.11    Employment Agreement dated April 1, 2001 between Catherine (O'Sullivan)
         Fink and the Company filed with the Company's Form 10-KSB, and
         incorporated herein by reference.
10.12    Consulting Contract dated May 22, 1998 between Wm. George Fleming, Bond
         Bio-Tech, Ltd. and the Company (filed as Exhibit 10.16 to the Company's
         Registration Statement on Form 10-SB filed June 29, 1998, and
         incorporated herein by reference).
10.13    Stock Purchase Agreement dated September 1, 1993 between
         Chugai Pharmaceutical Co., Ltd. and REAADS Medical
         Products, Inc. (filed as Exhibit 10.17 to the Company's
         Registration Statement on Form 10-SB filed June 29, 1998,
         and incorporated herein by reference).
10.14    Note dated January 6, 1997 between REAADS Medical Products, Inc. and
         Eagle Bank (filed with the Company's Registration Statement on Form
         10-SB filed June 29, 1998, and incorporated herein by reference).
10.15    Form of Indemnification Agreement between the Company and its directors
         and officers (filed with the Company's Registration Statement on Form
         10-SB/A-1 filed September 24, 1998 and incorporated herein by
         reference).
10.16    Warrant agreement dated June 1, 2000 between the Company and Taryn G.
         Reynolds filed with the Company's Form 10-KSB, and incorporated herein
         by reference..
10.17    Employment Agreement dated March 1, 2001 between William H. Critchfield
         and the Company (filed with the Company's filing on Form 10-QSB for the
         fiscal quarter ended March 31, 2001).
10.18    Business Development and Consulting Agreement dated August 27, 2002
         between Ascendiant Capital Group, Inc. and the Company filed with the
         Company's Form 10-QSB, and incorporated herein by reference.
10.19    Consulting Agreement dated September 29, 2002 between Eiji Matsuura,
         Ph.D and the Company filed with the Company's Form 10-QSB, and
         incorporated herein by reference..
10.20    License Agreement dated September 29, 2002 between Eiji Matsuura, Ph.D
         and the Company filed with the Company's Form 10-QSB, and incorporated
         herein by reference..
10.21    Extension to Business Development & Consulting Services Agreement dated
         November 27, 2002 by and between Ascendiant capital Group, LLC and the
         Company filed with the Company's Form 10-QSB, and incorporated herein
         by reference.
10.22    Employee Stock Compensation Plan
10.23    Amended and Restated 1999 Incentive Stock Plan
10.24    Amended and Restated Employee Stock Purchase Plan
21.1     Amended Subsidiaries of the Registrant (filed as Exhibit
         21.1 to the Company's Registration Statement on Form 10-SB filed June
         29, 1998).
21.2     Promissory note dated October 1, 2001 between W.G. Fleming
         and Corgenix UK, Ltd. filed with the Company's Form
         10-QSB, and incorporated herein by reference.
21.3     Promissory note dated October 1, 2001 between W.G. Fleming
         and Corgenix UK, Ltd. filed with the Company's Form
         10-QSB, and incorporated herein by reference.
21.4     Warrant Agreement dated October 11, 2001 between Phillips V. Bradford
         and the Company filed with the Company's Form 10-QSB, and incorporated
         herein by reference..
21.5     Warrant Agreement dated October 11, 2001 between Charles F. Ferris and
         the Company filed with the Company's Form 10-QSB, and incorporated
         herein by reference..
21.6     Underlease Agreement dated October 3, 2001 between G.V. Callen, A.G.
         Pirmohamed and Corgenix UK, Ltd. filed with the Company's Form 10-QSB,
         and incorporated herein by reference.
21.7     Distribution Agreement and OEM Agreement dated March 14, 2002 between
         RhiGene, Inc. and the Company filed with the Company's Form 10-QSB, and
         incorporated herein by reference..
21.8     Distribution and OEM Agreement dated March 14, 2002 dated March 14,
         2002 between RhiGene, Inc., and the Company filed with the Company's
         Form 10-QSB, and incorporated herein by reference..
21.9     Warrant Agreement dated March 15, 2002 between the Liolios Group, Inc.
         and the Company filed with the Company's Form 10-QSB, and incorporated
         herein by reference..
99.1*    Certificate of Corgenix Medical Corporation's Chief Executive Officer,
         President and Chief Financial Officer pursuant to section 906 of the
         Sarbanes-Oxley Act of 2002.

* Filed Herewith
---------------------------------------
      (b)  Reports on Form 8-K.


           8-K filed December 11, 2002 concerning Shareholder presentation
           materials of the President of the Company used on December 11, 2002
           plus press release dated December 12, 2002, re: Fiscal Year 2002
           results.



<page>
                                Signatures

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



                                    CORGENIX MEDICAL CORPORATION



February 13, 2003                         By:   /s/ Luis R. Lopez
                                                -----------------
                                               Luis R. Lopez, M.D.
                                               Chairman and
                                               Chief Executive Officer











































                                 CERTIFICATIONS

I, Luis R. Lopez, Chief Executive Officer, certify that:

1.    I have reviewed this quarterly report on Form 10-QSB of Corgenix Medical
      Corporation.

2.    Based on my knowledge, this quarterly 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 quarterly report.

3.    Based on my knowledge, the financial statements, and other financial
      information included in this quarterly 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
      quarterly 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 know to us by others within those entities,
      particularly during the period in which this quarterly report is being
      prepared;
(b)   evaluated the effectiveness of the registrant's disclosure controls and
      procedures as of a date within 90 days prior to the filing date of this
      quarterly report (the "Evaluation Date"); and
(c)   presented in this quarterly 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:

(a)   all significant deficiencies in the design or operation of internal
      controls which could adversely affect the registrant's ability to record,
      process, summarize and report financial data and have identified for the
      registrant's auditors any material weaknesses in internal control; 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
      quarterly 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:  February 13, 2003


         /S/Luis R. Lopez
         Chief Executive Officer











<PAGE>




I, William H. Critchfield, Chief Financial Officer, certify that:

1.    I have reviewed this quarterly report on Form 10-QSB of Corgenix Medical
      Corporation.

2.    Based on my knowledge, this quarterly 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 quarterly report.

3.    Based on my knowledge, the financial statements, and other financial
      information included in this quarterly 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
      quarterly 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 know to us by others within those
           entities, particularly during the period in which this quarterly
           report is being prepared;
        (b)evaluated the effectiveness of the registrant's disclosure controls
           and procedures as of a date within 90 days prior to the filing date
           of this quarterly report (the "Evaluation Date"); and
        (c)presented in this quarterly 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:

(a)   all significant deficiencies in the design or operation of internal
      controls which could adversely affect the registrant's ability to record,
      process, summarize and report financial data and have identified for the
      registrant's auditors any material weaknesses in internal control; 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
      quarterly 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:  February 13, 2003


         /S/William H. Critchfield
         Chief Financial Officer














I, Douglass T. Simpson, President, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Corgenix Medical
   Corporation.

2.    Based on my knowledge, this quarterly 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 quarterly report.

3.    Based on my knowledge, the financial statements, and other financial
      information included in this quarterly 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
      quarterly 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 know to us by others within those
           entities, particularly during the period in which this quarterly
           report is being prepared;
        (b) evaluated the effectiveness of the registrant's disclosure controls
           and procedures as of a date within 90 days prior to the filing date
           of this quarterly report (the "Evaluation Date"); and
        (c) presented in this quarterly 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:

(a)   all significant deficiencies in the design or operation of internal
      controls which could adversely affect the registrant's ability to record,
      process, summarize and report financial data and have identified for the
      registrant's auditors any material weaknesses in internal control; 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
      quarterly 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: February 13, 2003


         /S/Douglass T. Simpson
         President














Exhibit 99.1


                                  CERTIFICATION
             PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
            SUBSECTIONS (a) AND (b) OF SECTION 1350, CHAPTER 63 OF TITLE 18,
                                 UNITED STATES CODE

Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and
(b) of section 1350, chapter 63 of Title 18, United States Code), each of the
undersigned officers of Corgenix Medical Corporation, a Nevada corporation (the
"Company"), does hereby certify with respect to the Quarterly Report of the
Company on Form 10-QSB for the quarter ended September 30, 2002 as filed with
the Securities an Exchange Commission (the "10-QSB Report") that:

i.              the 10-QSB Report fully complies with the requirements of
                section 13(a) or 15(d) of the Securities Exchange Act of 1934;
                and

ii.             the information contained in the 10-QSB Report fairly presents,
                in all material respects, the financial condition and results of
                operations of the Company.


           Dated:       February 13, 2003



                        /S/Luis R. Lopez
                        Chief Executive Officer


                        /S/William H. Critchfield
                        Chief Financial Officer


                        /S/Douglass T. Simpson
                        President