UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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

                                  FORM 10-QSB/A

[X]  Quarterly  Report pursuant  Section 13 or 15(d) of the Securities  Exchange
     Act of 1934

                For the quarterly period ended September 30, 2001

[ ]  Transition  report pursuant section 13 or 15(d) of the Securities  Exchange
     Act of 1934


                                     0-9040
                                     ======

                             Commission file number

                                  Aucxis Corp.
                                  ------------
        (Exact name of small business issuer as specified in its charter)

                                     Nevada
                                     ------
                          (State or other jurisdiction)

                                     Pending
                                     -------
       (IRS Employer of incorporation or organization Identification No.)

        220 King Street West, Suite 200 Toronto, Ontario, M5H 1K4 Canada.
        -----------------------------------------------------------------
                    (Address of principal executive offices)

                                  416-214-1587
                                  ------------
                           (Issuer's telephone number)

                         e-Auction Global Trading, Inc.
                         ------------------------------
   (Former Name, 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........

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

As of December 21, 2001 there were 66,409,415 shares of the Registrant's  common
stock, par value $0.001 per share outstanding.

Transitional Small Business Disclosure Format (check one);

Yes......No....X...

<PAGE>

              AUCXIS CORP. (FORMERLY E-AUCTION GLOBAL TRADING INC.)

                                  FORM 10-QSB/A

                                      INDEX

PART I.  FINANCIAL INFORMATION                                              Page


Item 1.  Financial Statements                                                F-2

      Consolidated  Balance Sheet at September 30, 2001                      F-2
      (Unaudited) and December 31, 2000

      Consolidated   Statements   of   Operations,   Deficit  and            F-3
      Comprehensive  Loss  (Unaudited) for the three and nine
      months ended September 30, 2001 and 2000

      Consolidated  Statements of Cash Flows  (Unaudited) for the
      nine months ended September 30, 2001                                   F-4

      Notes to Consolidated Financial Statements                             F-5

Item 2.  Managements'   Discussion   and  Analysis  of  Financial
         Condition and Results of Operations                                   1

PART II. OTHER INFORMATION                                                     4

Item 1.  Legal Proceedings                                                     4

Item 5:  Other Information                                                     4

Item 6.  Exhibits and Reports on Form 8-K                                      5

Signatures                                                                     5


                                       -i-
<PAGE>

Aucxis Corp.
Consolidated Balance Statements
(Unaudited)

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
(expressed in U.S. dollars)

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

                                                               September 30,           December 31,
                                                                        2001                   2000
                                                                           $                      $
                                                                  (Unaudited)             (Audited)
<S>                                                                <C>                    <C>
Assets

Current assets
Cash and cash equivalents                                             759,997             6,205,169
Accounts receivable                                                 1,210,220             1,600,871
Inventory                                                             405,675               608,537
Prepaid expenses                                                       79,561               121,819
                                                             -----------------------------------------

                                                                    2,455,453             8,536,396
Investment                                                            517,203               514,835
Fixed assets                                                          742,604             1,732,521
Acquired workforce                                                          -               161,351
Acquired core technology                                              459,212             1,226,920
Goodwill                                                            4,266,947             9,239,748
                                                             -----------------------------------------

                                                                    8,441,419            21,411,771
                                                             =========================================
Liabilities

Current liabilities
Bank indebtedness                                                           -               423,432
Accounts payable and accrued liabilities                            1,833,299             2,703,079
Due to related parties                                                375,063               944,728
Deferred revenue                                                      326,999             1,323,874
Current portion of long-term debt                                      45,479               255,571
                                                             -----------------------------------------

                                                                    2,580,340             5,650,684
Due to related parties                                                      -               375,063
Long-term debt                                                        227,397               392,718
Non-controlling interest                                                    -                 3,742
                                                             -----------------------------------------

                                                                    2,808,237             6,422,207
                                                             -----------------------------------------

Mandatorily redeemable shares of common stock                       4,574,364             4,574,364
                                                             -----------------------------------------

Shareholders' Equity

Share capital
62,714,551 (December 31, 2000 - 62,714,551) shares of
common stock - $0.001 par value                                         62,715                62,715
Additional paid-in capital                                          19,359,767            18,735,673
Accumulated other comprehensive loss                                   (43,004)             (124,822)
Deficit                                                            (18,320,660)           (8,258,366)
                                                              -----------------------------------------

                                                                     1,058,819            10,415,200
                                                              -----------------------------------------

                                                                     8,441,418            21,411,771
                                                              =========================================
</TABLE>

Contingencies (note 14)

Going concern (note 1)

   The accompanying notes form an integral part of these financial statements.


                                      F-2

<PAGE>

Aucxis Corp.
Consolidated Statements of Operations, Deficit and Comprehensive Loss
(Unaudited)

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
(expressed in U.S. dollars)


                                                   Three months ended September 30,          Nine months ended September 30,
                                               ---------------------------------------  ---------------------------------------

                                                           2001                2000                 2001                2000
                                                              $                   $                    $                   $
<S>                                                 <C>                  <C>                 <C>                  <C>
Revenue                                               2,173,375             877,208            5,760,384           2,826,077

Cost of goods sold                                    1,034,925             503,196            2,780,278           1,785,247
                                               --------------------------------------------------------------------------------

                                                      1,138,450             374,012            2,980,106           1,040,830
                                               --------------------------------------------------------------------------------

Expenses
Selling, general and administrative                   1,682,992           1,581,616            5,889,736           2,913,430
Depreciation and amortization                           480,794             402,458            1,873,227           1,161,825
Research and development costs                                -                   -              972,390                   -
Write-down of acquired workforce, core
      technology and goodwill                         3,576,702                   -            4,383,378                   -
                                               --------------------------------------------------------------------------------

                                                      5,740,488           1,984,074           13,118,731           4,075,255
                                               --------------------------------------------------------------------------------

Loss before the undernoted                           (4,602,038)         (1,610,062)         (10,138,624)         (3,034,425)

Share of income (loss) of equity investment             (87,676)            (34,065)               2,372            (172,843)

Interest income                                          14,080             113,812              135,728             148,447
                                               --------------------------------------------------------------------------------

Loss before income taxes and
non-controlling interest                             (4,675,634)         (1,530,315)         (10,000,525)         (3,058,821)

Income tax recovery (expense)                           (64,469)            (56,571)             (59,979)            (68,763)

Non-controlling interest                                    904                   -               (1,790)                  -
                                               --------------------------------------------------------------------------------

Loss for the period                                  (4,739,199)         (1,586,886)         (10,062,294)         (3,127,584)

Accretion of mandatorily redeemable
    common stock to redemption value                          -            (234,500)                   -            (703,500)
                                               --------------------------------------------------------------------------------

Loss available to common shareholders                (4,739,199)         (1,821,386)         (10,062,294)         (3,831,084)

Deficit - Beginning of period                       (13,581,461)         (4,664,130)          (8,258,366)         (2,654,432)
                                               --------------------------------------------------------------------------------

Deficit - End of period                             (18,320,660)         (6,485,516)         (18,320,660)         (6,485,516)
                                               ================================================================================

Basic and diluted loss per share                          (0.08)              (0.03)               (0.16)              (0.06)
                                               ================================================================================

Loss for the period                                  (4,739,199)         (1,586,886)         (10,062,294)         (3,127,584)

Foreign currency translation adjustments
and other comprehensive income (loss)                   (76,417)             65,485               81,818              65,485
                                               --------------------------------------------------------------------------------

Comprehensive loss                                   (4,815,616 )        (1,521,401)          (9,980,476)         (3,062,099)
                                               ================================================================================

Shares used in computing basic loss and
    fully diluted earnings per share                 62,714,551          61,509,551           62,714,551          58,199,487

</TABLE>

Going concern (note 1)

   The accompanying notes form an integral part of these financial statements.


                                      F-3

<PAGE>

Aucxis Corp.
Consolidated Statement of Cash Flows
(Unaudited)
For the nine months ended September 30, 2001

<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------------------
(expressed in U.S. dollars)

                                                                                                 2001                   2000
                                                                                                    $                      $
<S>                                                                                        <C>                    <C>
Cash provided by (used in)
Operating activities
Loss for the period                                                                        (10,047,294)           (3,127,584)
Add: Items not affecting cash
      Foreign exchange                                                                         (40,426)                    -
      Depreciation and amortization                                                          1,873,227             1,161,825
      Write-down of acquired workforce, core technology and goodwill                         4,383,378                     -
      Loss on disposal of fixed assets                                                          27,562                     -
      Stock-based compensation                                                                   4,795                     -
      Non-controlling interest                                                                   1,790                     -
      Share of (income) loss of equity investment                                               (2,372)              172,843
Net change in non-cash working capital                                                        (635,236)             (384,648)
                                                                                      -----------------------------------------

                                                                                            (4,434,576)           (2,177,564)
                                                                                      -----------------------------------------

Financing activities
Bank indebtedness                                                                              (76,857)                    -
Due to related parties                                                                        (820,214)             (266,140)
Issuance of share capital                                                                            -             9,876,217
Long-term debt                                                                                 104,740               228,459
                                                                                      -----------------------------------------

                                                                                              (792,331)            9,838,536
                                                                                      -----------------------------------------

Investing activities
Purchase of fixed assets                                                                      (500,993)             (296,898)
Cash effect of dilution gain                                                                   304,040                     -
Purchase of businesses - net of cash acquired                                                        -            (3,000,000)
Deposits                                                                                             -            (1,071,793)
                                                                                      -----------------------------------------

                                                                                              (196,953)           (4,368,691)
                                                                                      -----------------------------------------

Increase (decrease) in cash and cash equivalents during the period                          (5,423,860)            3,292,281

Effect of foreign exchange on cash and cash equivalents                                        (21,312)               47,124

Cash and cash equivalents - Beginning of period                                              6,205,169             4,179,394
                                                                                      -----------------------------------------

Cash and cash equivalents - End of period                                                      759,997             7,518,799
                                                                                      =========================================
Going concern (note 1)

</TABLE>

   The accompanying notes form an integral part of these financial statements.


                                      F-4

<PAGE>


Aucxis Corp.
Notes to Consolidated Financial Statements
(Unaudited)
--------------------------------------------------------------------------------
(expressed in U.S. dollars)

1    Nature of business and going concern

     e-Auction Global Trading Inc. changed its name to Aucxis Corp. (the
     Company) in June 2001.

      The Company is currently developing e-business services for perishable
      commodity marketplaces primarily in Europe. In addition, through its
      subsidiary, Aucxis Trading Solutions N.V. (ATS) (formerly Schelfhout
      Computer Systemen N.V.), the Company is engaged in the installation and
      maintenance of auction clock and cooling systems for traditional auction
      halls and the development of software for auctions, including
      Internet-based auction systems.


     These financial statements are prepared on a going concern basis, which
     assumes that the Company will realize its assets and discharge its
     liabilities in the normal course of business. The Company incurred a loss
     of $10,062,294 for the nine months ended September 30, 2001 (2000 -
     $3,127,584) and reported a deficit of $18,305,660 at September 30, 2001
     (2000 - $6,485,516). In addition, projected cash flows from the Company's
     current operations are not sufficient to finance the Company's working
     capital requirements over the next 12 months. These circumstances lend
     significant doubt to the ability of the Company to continue as a going
     concern.

     In recognition of these concerns, the Company decided to discontinue its
     financial support for the loss making Palm Automatisering (Aucxis Business
     Solutions) and Nieaf companies, which continued to consume shareholder
     funds within a business that no longer forms part of Aucxis' refocused
     business strategy. As a result, Kwatrobox B.V. (Kwatrobox) and its
     operating subsidiaries, Aucxis Business Solutions and Nieaf Systems, B.V,
     filed for bankruptcy. Under the bankruptcy laws of the Netherlands, a
     trustee took control of the Kwatrobox and its subsidiaries in October 2001.
     Furthermore, management is considering various revenue and cost management
     alternatives and is examining a variety of options to raise additional
     financing, including but not limited to, consideration of merging
     operations with another company. It is not possible at this time to predict
     with any assurance the success of these initiatives.

     The ability of the Company to continue as a going concern is dependent upon
     effective implementation of revenue and cost management alternatives and
     the success of potential future external financing initiatives. Should the
     Company be unable to continue as a going concern, assets and liabilities
     would require restatement on a liquidation basis, which could differ
     materially from the going concern basis.


                                      F-5

<PAGE>

Aucxis Corp.
Notes to Consolidated Financial Statements
(Unaudited)
--------------------------------------------------------------------------------
(expressed in U.S. dollars)

2    Amended financial statements

     The Company has amended the financial statements for the third quarter
     ended September 30, 2001, previously filed on November 19, 2001. These
     financial statements have been amended to correct amounts reported in
     respect of Kwatrobox. Amendments did not affect the balance sheet at
     December 31, 2001. The following table summarizes the amendments.

<TABLE>
<CAPTION>

                                                Pre-amendment                                     As amended
                                Three months ended      Nine months ended         Three months ended       Nine months ended

                                              September 30, 2001                              September 30, 2001
                                ------------------------------------------------------------------------------------------------
   <S>                                 <C>                     <C>                     <C>                     <C>
    Revenue                            1,984,138               5,571,147               2,173,375                5,760,384

    Loss before undernoted            (4,821,534)            (10,358,120)             (4,602,038)             (10,138,624)

    Loss for the period               (4,169,006)             (9,492,100)             (4,739,199)             (10,062,294)

    Loss available to                 (4,169,006)             (9,492,100)             (4,739,199)             (10,062,294)
    Common shareholders

</TABLE>

3   Unaudited interim financial statements

     The unaudited consolidated balance sheet as at September 30, 2001, the
     unaudited consolidated statements of operations, deficit and comprehensive
     loss for the three months and nine months ended September 30, 2001 and 2000
     and the consolidated statement of cash flows for the nine months ended
     September 30, 2001 and 2000 have been prepared, in the opinion of
     management, on the same basis as the audited consolidated financial
     statements as at December 31, 2000, and include all adjustments necessary
     for the fair statement of the results of the interim periods. All
     adjustments reflected in the consolidated financial statements are of a
     normal recurring nature except for the dilution gain explained in note 5.
     The data disclosed in the notes to the consolidated financial statements
     for this period is also unaudited. These financial statements do not
     include all of the information and disclosures required for annual
     financial statements, and the results for the three months and nine months
     ended September 30, 2001 are not necessarily indicative of the results to
     be expected for the full year. These financial statements should be read in
     conjunction with the annual audited financial statements of Aucxis Corp.
     for the year ended December 31, 2000.

4    Significant accounting policies

     Research and development costs

     Research and development costs that are incurred to develop software to be
     marketed to external users are charged as expenses until the technical
     feasibility of the related software has been established, and thereafter
     these costs are to be capitalized and amortized. Technical feasibility is
     established when there is a working model of the software and it has been
     tested for conformity with the product design.


                                      F-6

<PAGE>

Aucxis Corp.
Notes to Consolidated Financial Statements
(Unaudited)
--------------------------------------------------------------------------------
(expressed in U.S. dollars)

     Consolidation

     The accounts of Kwatrobox from July 1, 2001 to October 2, 2001, the date of
     loss of control due to its bankruptcy, are included in the Company's
     consolidated statements of operations and cash flows for the three months
     and nine months ended September 30, 2001. The accounts of Kwatrobox as at
     September 30, 2001 have not been consolidated, rather they have been
     carried at a net investment amount of nil.

5    Impairment of assets and dilution gain

     During the second quarter of fiscal 2001, it was determined that the
     acquired workforce and acquired core technology resulting from the
     acquisition of I-Three Inc. would be terminated and abandoned respectively.
     The third quarter of fiscal 2001, the Company decided to discontinue its
     financial support for the loss making Palm Automatisering (Aucxis Business
     Solutions) and Nieaf companies, and these subsidiaries, as well as
     Kwatrobox B.V., subsequently filed for bankruptcy (note 1). As a result,
     the related goodwill arising from the acquisition of Kwatrobox has been
     written off in the third quarter of fiscal 2001.

     Goodwill, acquired workforce and core technology, related to I-Three and
     Kwatrobox, previously carried on the Company's balance sheet, have been
     written off. The related costs recorded are as follows:

           Write-off of goodwill (Kwatrobox)                        $ 3,576,702
           Write-off of acquired workforce (I-Three Inc.)               161,335
           Write-off of core technology (I-Three Inc.)                  645,341
                                                                    ------------

           Impairment of assets recorded in operating expenses      $ 4,383,378
                                                                    ===========

     The assets and liabilities of Kwatrobox have been written off as follows:

           Working capital balances - assets                        $  (395,741)

           Fixed assets                                                (647,677)
           Non-controlling interest                                       1,796
           Working capital balances - liabilities                     1,028,219
           Long term debt                                               328,662
                                                                    -----------

           Non-cash portion of net liability write-off                  315,259
           Cash in bank accounts                                        (26,913)
           Bank overdraft                                               330,953
                                                                    -----------
           Cash portion of net liability write-off                      304,040
                                                                    -----------

           Dilution gain, charged to additional paid in capital       $ 619,299
                                                                    ===========


                                      F-7
<PAGE>

Aucxis Corp.
Notes to Consolidated Financial Statements
(Unaudited)
--------------------------------------------------------------------------------
(expressed in U.S. dollars)

6    Pro forma results

     The Company acquired Kwatrobox B.V. and I-Three Inc. in the fourth quarter
     of 2000.

     The following table sets forth the pro forma consolidated results for the
     nine months ended September 30, 200 and net assets at September 30, 2000 as
     if Kwatrobox B.V. and I-Three Inc. had been acquired on January 1, 2000:

                                                                          2000
                                                                             $

           Revenue                                                    6,193,054
           Loss                                                      (4,717,880)
           Loss per share                                                 (0.08)
           Net assets                                                10,194,734

7    Share capital

     Authorized
           250,000,000 shares of common stock with a par value of $0.001

<TABLE>
<CAPTION>
                                                                                              Additional
                                                                                                 paid-in
                                                             Number           Amount             capital               Total
                                                          of shares                $                   $                   $

<S>                                                      <C>                   <C>            <C>                 <C>
      Balance - December 31, 1999                        39,820,000            39,820            (39,819)                  1
      Issued shares of common stock (i)                   7,625,916             7,626          3,657,799           3,665,425
      Issued on exchange of warrants (i)                  8,965,899             8,966          4,300,528           4,309,494
      Issued as commission (i)                              327,878               328            157,268             157,596
      Issued as a financing fee (ii)                        197,219               197            999,803           1,000,000
      Acquisition of Kwatrobox B.V.                       1,250,000             1,250          1,308,750           1,310,000
      Private placement (iii)                             4,072,639             4,073          7,410,927           7,415,000
      Acquisition of I-Three Inc.                           455,000               455            217,945             218,400
      Dilution gain                                               -                 -            708,003             708,003
      Stock-based compensation expense                            -                 -             14,469              14,469
                                                      ----------------------------------------------------------------------

      Balance - December 31, 2000                        62,714,551            62,715         18,735,673          18,798,388
      Stock-based compensation (iv)                               -                 -              4,795               4,795
      Dilution gain (note 5)                                      -                 -            619,296             619,296
                                                      ----------------------------------------------------------------------

      Balance - September 30, 2001                       62,714,551            62,715         19,359,764          19,422,479
                                                      ======================================================================
</TABLE>


                                      F-8

<PAGE>

Aucxis Corp.
Notes to Consolidated Financial Statements
(Unaudited)
--------------------------------------------------------------------------------
(expressed in U.S. dollars)

     i)   On January 7, 2000, through a private placement, the Company issued
          7,625,916 shares of common stock and 8,965,899 share purchase
          warrants, net of cash costs of $163,391 and an additional 327,878
          shares of common stock issued as a commission to an agent to the
          transaction. The Company raised net cash proceeds of $4,319,557, of
          which $1,858,229 was received in 1999. In addition, the Company issued
          shares to five companies that collectively settled the Company's debt
          with a face value of $3,812,958. The 8,965,899 share purchase warrants
          were immediately exchanged for shares of common stock on a basis of
          one common share for each share purchase warrant. The investors
          included a related party and four parties related to this party
          through common shareholdings.

     ii)  In consideration for a loan of $1,000,000 provided on August 13, 1999
          by Millennium Advisors Inc. to the Company, Millennium Advisors Inc.
          received 197,219 shares of common stock of the Company with a fair
          value of $1,000,000 as a financing and interest fee. These shares were
          issued in January 2000.

     iii) On June 22, 2000, the Company completed a private placement of
          4,072,639 shares at $1.842 per share of common stock for proceeds of
          $7,415,000, net of costs of $85,000.

     iv)  External consultants have been compensated with the issue of 48,333
          stock options. The charge for these consultants was $4,795 (2000 -
          $nil).

     Stock options

     On March 1, 1999, as amended on March 13, 2000, the Company adopted a stock
     option plan that reserved 9,000,000 shares. The options have a term of ten
     years, and the exercise price is set at the estimated fair market value at
     the date of grant. There were no options issued prior to March 1, 1999. No
     additional options have been granted in the nine months ended September 30,
     2001. The following table summarizes the continuity of stock options:

<TABLE>
<CAPTION>
                                                     Options for       Weighted average
                                                       shares of         exercise price
                                                          common              per share
                                                           stock                      $

           <S>                                          <C>                        <C>
           Balance - December 31, 1999                  4,300,000                  0.90
           Expired or cancelled                          (845,000)                (0.01)
           Expired or cancelled                        (3,050,000)                (0.85)
           Expired or cancelled                          (250,000)                (5.00)
           Issued - December 30, 2000                   8,058,000                  0.35
                                                        ---------

           Balance - December 31, 2000                  8,213,000                  0.34
           Expired or forfeited                        (2,425,000)                (0.35)
                                                        ---------

           Balance - September 30, 2001                 5,788,000                  0.34
                                                        =========
</TABLE>

                                      F-9
<PAGE>

Aucxis Corp.
Notes to Consolidated Financial Statements
(Unaudited)
--------------------------------------------------------------------------------
(expressed in U.S. dollars)

8    Change in non-cash working capital

<TABLE>
<CAPTION>
                                                                                      Nine months ended
                                                                                          September 30,
                                                                 -----------------------------------------

                                                                            2001                   2000
                                                                               $                      $
<S>                                                                      <C>                    <C>
     Accounts receivable                                                  107,799              (468,688)
     Inventory                                                            (58,339)               67,228
     Prepaid expenses                                                     (14,215)              (20,267)
     Accounts payable and accrued liabilities                             274,879               128,328
     Deferred revenue                                                    (945,360)              (91,249)
                                                                 -----------------------------------------

                                                                         (635,236)             (384,648)
                                                                 =========================================
</TABLE>

9    Segmented information

     The Company has one operating segment, being the installation of auction
     clocks and cooling systems, and related software for auctions.

     Geographic information

<TABLE>
<CAPTION>
                                                                                      Nine months ended
                                                                                          September 30,
                                                                 -----------------------------------------

                                                                             2001                  2000
                                                                                $                     $
     Revenue
          Canada                                                           76,053                     -
          Belgium                                                       2,768,005             2,826,077
          Netherlands                                                   2,916,326                     -
                                                                 -----------------------------------------

                                                                        5,760,384             2,826,077
                                                                 =========================================

                                                                    September 30,          December 31,
                                                                             2001                  2001
                                                                                $                     $
      <S>                                                               <C>                   <C>
      Long-lived assets
           Canada                                                         371,492             1,147,883
           Belgium                                                      5,097,271             7,658,629
           Netherlands                                                          -             3,554,029
                                                                 -----------------------------------------

                                                                        5,468,763            12,360,541
                                                                 =========================================
</TABLE>


                                      F-10

<PAGE>

Aucxis Corp.
Notes to Consolidated Financial Statements
(Unaudited)
--------------------------------------------------------------------------------
(expressed in U.S. dollars)

10   Employee termination costs

     As a result of cost saving measures, the Company terminated 35 employees in
     the six months ended June 30, 2001 (termination costs - $50,683) and an
     additional 13 in the three-month period ending September 30, 2001
     (termination costs - $224,902). The total cost of these terminations was
     $275,585 including legal expenses.

11   Loss per common share

     The weighted average number of shares of common stock used for calculating
     the basic loss per share is 62,714,551 (2000 - 58,199,487) shares. Fully
     diluted loss per share is the same as the basic loss per share for the
     periods ended September 30, 2001 and 2000. Loss per share is determined
     based on the loss available to common shareholders, as presented in the
     statement of operations, deficit and comprehensive loss.

     The 5,788,000 outstanding stock options and 200,000 contingently issuable
     shares were not included in the computation of loss per share as they are
     anti-dilutive for the periods presented.

12   Supplemental non-cash information

     During the nine months ended September 30, 2000, the Company issued
     3,636,364 shares of mandatorily redeemable common stock with a fair value
     of $3,636,364 in connection with the acquisition of Schelfhout Computer
     Systemen N.V.

     In January 2000, the Company issued 197,219 shares of common stock with a
     fair value of $1,000,000 to Millennium Advisors Inc. as payment of a
     financing and interest fee.

     The Company issued 7,625,916 shares of common stock in January 2000, for
     which the proceeds were paid to various creditors, and cash was not
     received by the Company. Debts settled totalled $3,812,958. The Company
     also issued 327,878 shares with a fair value of $157,596 to pay commission
     on a private placement.

     In June 2000, the Company issued 500,000 common shares with a fair value of
     $739,884 in connection with its investment in Kwatrobox B.V.

13   Comparative figures

     Certain comparative figures have been reclassified to conform to the
     current period presentation.


                                      F-11

<PAGE>

Aucxis Corp.
Notes to Consolidated Financial Statements
(Unaudited)
--------------------------------------------------------------------------------
(expressed in U.S. dollars)

14   Contingencies

     a)   A competitor of ATS has filed three claims totalling approximately
          $150,000 (FRF1,000,000) against ATS during 2000 claiming that the ATS
          inappropriately used that competitor's equipment. At present, there is
          insufficient information available to ascertain the likelihood of
          these claims being successful. Accordingly, no recognition of this
          contingent loss has been made.

     b)   Certain customers have filed claims totalling $70,000 against the
          Company for alleged failure to deliver product in accordance with an
          agreement. Management believe that these allegations are without
          merit, and accordingly no recognition of this contingent loss has been
          made. The ultimate outcome of these claims cannot be determined at
          this time.

     c)   During the second quarter of fiscal 2001, certain shareholders of the
          Company requested that a subsidiary of the Company repurchase 454,545
          of their Aucxis Corp. shares at $1.65 per share for an aggregate
          amount of $750,000, citing the terms of an agreement with a subsidiary
          of the Company. To date the subsidiary has not repurchased the shares
          and these shareholders plan to take the matter to arbitration. At
          present, there is insufficient information available to ascertain the
          outcome of any such arbitration process.

     d)   Two parties have named a subsidiary of the Company, along with three
          other parties, in an action to recover amounts related to a loan from
          the two parties, of $700,000.

          Counsel for the plaintiffs has been advised that any action the
          plaintiffs may have is against the Nevada corporation, e-Auction
          Global Trading Inc., and its successor in name, the Company, rather
          than the subsidiary of the Company. If and when a statement of claim
          is issued naming the Company, it will defend on the basis that the
          loan by the plaintiffs has been fully repaid in shares of the Company.
          At this preliminary stage, no evaluation of the success or failure of
          the plaintiffs' claim against the Company can be made. Potential
          losses from this claim are $700,000, which has not been accrued.

15   New accounting pronouncements

     SFAS No. 142 - Goodwill and other intangible assets

     Statement of Financial Accounting Standard (SFAS) 142 changes the
     accounting for goodwill from an amortization method to an impairment-only
     approach. Thus, amortization of goodwill, including goodwill recorded in
     past business combinations, will cease upon adoption of that statement.
     SFAS 142 will be applicable for fiscal years beginning after December 15,
     2001; however, earlier adoption is permitted for companies with fiscal
     years beginning on or after March 15, 2001. The effect of applying this new
     standard would result in no additional amortization of goodwill charged to
     the statement of operations for the nine months ending September 30, 2001.


                                      F-12

<PAGE>

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

When used herein, the words "may", "will", "expect",  "anticipate",  "continue",
"estimate",  "project", "intend", "plan" and similar expressions are intended to
identify  forward-looking  statements  within the  meaning of Section 21E of the
Securities  Exchange Act of 1934, as amended,  regarding events,  conditions and
financial  trends  that may affect the  Company's  future  plans of  operations,
business  strategy,  operating results and financial  position.  All statements,
other than statements of historical facts, included or incorporated by reference
in this Form 10-QSB which address  activities,  events or developments which the
Company expects or anticipates  will or may occur in the future,  including such
things as future capital expenditures (including the amount and nature thereof),
business   strategy,   expansion  and  growth  of  the  Company's  business  and
operations,  and  other  such  matters  are  forward-looking  statements.  These
statements are based on certain  assumptions and analyses made by the Company in
light  of its  experience  and its  perception  of  historical  trends,  current
conditions and expected future developments as well as other factors it believes
are  appropriate  in the  circumstances.  Such  statements are not guarantees of
future  performance and are subject to risks and significant  uncertainties  and
that  actual  results  may  differ  materially  from those  included  within the
forward-looking statements as a result of various factors. The occurrence of any
unanticipated  events may cause actual results to differ from those expressed or
implied by the  forward-looking  statements  contained herein. You are cautioned
not to place undue reliance on these statements, which speak only as of the date
of this report.

Amended financial statements

The Company has amended the  financial  statements  for the third  quarter ended
September  30,  2001,  previously  filed on November  19,  2001.  The  financial
statements have been amended to correct amounts reported in respect of Kwatrobox
B.V. As a result this 10QSB filing has been amended accordingly.

Overview

Aucxis Corp.  ("Aucxis" or the "Company") was originally  incorporated in Nevada
on  January 8, 1998  under the name  Kazari  International,  Inc.  (Kazari).  On
February 26, 1999, Kazari, e-Auction Global Trading Inc. (Barbados) entered into
a  share  exchange  agreement  pursuant  to  which  agreement  Kazari  purchased
e-Auction  (Barbados)  shares  on a one  for one  basis.  Kazari  had no  viable
business  activities at the time of the share  exchange  agreement.  On June 10,
1999,  Kazari amended its name to e-Auction  Global  Trading Inc.  During fiscal
year 2000, Aucxis acquired  Schelfhout  Computer Systemen N.V.,  Kwatrobox B.V.,
and I-Three, Inc. On June 12, 2001 the Company amended its charter to change its
name to Aucxis Corp.

Aucxis currently has a wholly owned subsidiary,  e-Auction (Barbados),  which in
turn has one wholly owned subsidiary,  Aucxis Corp.  (Canada).  The Company also
owns  Aucxis  Corp.  (Belgium),  directly,  which in turn has one  wholly  owned
subsidiary,  Aucxis Trading Solutions NV ("ATS") (formerly  Schelfhout  Computer
Systemen  N.V.),  a Belgium  company.  ATS has a 40%  ownership  interest in SDL
Invest N.V. The financial statements also include the Company's 48.2% investment
in Aucxis Limited.  (Australia) (formerly Hunter Capital Limited), accounted for
by the equity method.

The  Company  also owns  V-Wholesaler  B.V.  and its  wholly  owned  subsidiary,
Kwatrobox B.V. and the  subsidiaries  of Kwatrobox B.V., 100% of Aucxis Business
Solutions  ("ABS")  (formerly  Automatiserngbureau  Palm  B.V.),  80%  of  Scoop
Software B.V.,  100% of Palm  Veilingsystemen  B.V.,  100% of Nieaf Systems B.V.
("Nieaf").  During September 2001, the board of directors determined that Aucxis
would not support Kwatrobox or any of its subsidiaries.  As a result,  Kwatrobox
B.V.  and it's  operating  subsidiaries,  ABS and  Nieaf,  filed  for  voluntary
bankruptcy.  Under the  bankruptcy  laws of the  Netherlands,  a trustee took of
Kwatrobox and its  subsidiaries  in October 2001. Due to the loss of control the
Company  has  written  off  the  assets  and  liabilities  in  the  consolidated
financials. Nieaf and ABS developed and installed electronic trading systems and
applications  in the  perishable  commodity  market  places in the Dutch  flower
industry.

ATS  (formerly  Schelfhout)  is a solutions  provider for  perishable  commodity
(fish, flower, fruits and vegetables) auction houses. Over the past 17 years ATS
has developed trading systems for numerous selling


                                      -1-
<PAGE>

organizations all over the world.  Through ATS, the Company has the potential to
access  electronic  trading  hubs  representing  billions  of  dollars in annual
turnover,  including European trade of more than USD$7 billion. ATS delivers the
tools to bring  together  supply and demand under  optimum  conditions  and thus
create a better market situation. ATS has focused on two market sectors: (i) the
computerization  of  auctions  and  (ii)  automation  for  the  preservation  of
perishable  products.  As an ancillary to the auction system,  a modular graphic
display panel was developed by ATS in 1992 and added to the product range.

Aucxis is developing  e-business services for perishable commodity  marketplaces
primarily in Europe. In addition,  through its subsidiary ATS, Aucxis is engaged
in the  installation  and  maintenance of auction clock and cooling  systems for
traditional  auction  halls  and  the  development  of  software  for  auctions,
including Internet-based auction systems.

Aucxis' consolidated  financial statements are prepared on a going concern basis
which  assumes  that the  Company  will  realize  its assets and  discharge  its
liabilities  in the normal course of business.  The projected cash flows for the
Company are based upon  assumptions  which include,  amongst  others,  a revenue
stream from e-business and the success of future external financing initiatives.
Should these projects be delayed then the present  working  capital would not be
sufficient  for the Company to continue in the normal course of  operations.  In
recognition of these concerns,  management are  considering  various revenue and
cost  management  alternatives  and will need to raise  additional  cash through
external financing  activities.  It is not possible at this time to predict with
any assurance the success of these initiatives.

Highlights of the Quarter

Revenue for the nine months ended September 30, 2001 was $5,760,384  compared to
$2,826,077  in the same  period  in 2000.  Revenue  for the three  months  ended
September  30, 2001 was  $2,173,375  compared to $877,208 for the similar  three
month period in 2000.

Increases in revenue were driven by the  Company's  acquisition  of Kwatrobox in
November 2000 as well as continued  growth in the  installation of auction clock
systems  through ATS. On a proforma  basis,  if Kwatrobox  had been  acquired on
January 1, 2000, the revenues for the nine months ended September 30, 2000 would
have  been  $6,193,054.  ATS  derives  its  revenues  from the  development  and
installation of clock systems,  cooling installations and associated maintenance
contracts  for auction  halls.  Kwatrobox  derived its revenues as a provider of
electronic  auction  infrastructure  and enterprise  resource planning software.
However,  Kwatrobox was acquired  primarily to obtain  access to their  existing
customer base. The interim financial  statements disclose the proforma revenues,
loss and net assets as if Kwatrobox had been acquired on January 1, 2000.

Selling, general and administrative expenses for the nine months ended September
30, 2001 were $5,889,736 as compared to $2,913,430 for the corresponding nine
month period in 2000. Selling, general and administrative expenses for the three
months ending September 30, 2001 were $1,682,992 as compared to $1,581,616 for
the corresponding three month period in 2000. The increase is due largely to the
acquisitions of Kwatrobox and I-Three during the fourth quarter of 2000. In
addition, the Company reduced its number of employees in the second quarter of
2001 by 19 in Toronto and 16 in Amsterdam and by an additional 13 in Toronto in
the three months ended September 30, 2001. The costs associated with this
downsizing total $275,585 for the nine months ended September 30, 2001, of which
$224,902 is for the three months ended September 30, 2001. Severance costs in
the three months ended September 30, 2001 totalled $224,902, of which $118,000
related to the severance payment for the 11 R&D staff who are now employees of
Boomboat Inc. Other severance costs include settlements with certain members of
management and associated legal costs.

Depreciation  and  amortization  for the nine months  ended  September  30, 2001
equals $1,873,227,  an increase of over $700,000 from the same nine month period
last year.  This  increase is mainly due to the  inclusion of  Kwatrobox  during
fiscal  year  2001.  This  was  due to the  goodwill  related  to the  Kwatrobox
acquisition being written off as a result of the bankruptcy of Kwatrobox and its
subsidiaries,  declared on September  19, 2001 by Nieaf,  September  26, 2001 by
Aucxis  Business  Solutions  and  October  3,  2001 by  Kwatrobox.  The  interim
financial  statements  disclose  the  breakdown  of the assets  and  liabilities
written off. The Company  decided to discontinue  its financial  support for the
loss making Palm Automatisering (Aucxis Business

                                      -2-
<PAGE>

Solutions) and Nieaf  companies,  which continued to consume  shareholder  funds
within a  business  that no longer  forms  part of  Aucxis'  refocused  business
strategy.

Research and development costs were $972,390 for the nine months ended September
30,  2001 as  compared  to $0 for the nine  months  ended  September  30,  2001.
Analysis of Research and development  costs for the past three quarters  reveals
$0 for the three months ended September 30, 2001 as compared to $558,650 for the
three  months  ended June 30, 2001 and $415,265 for the three months ended March
31,  2001  due in  part  to  the  temporary  suspension  of  development  of the
Collateral  Management  Utility  and  the  discontinuance  in  May  2001  of the
development  of PBS Verdeel Pro, a proprietary  software  application,  when the
delivery of the second  phase of the project was found to be  unsatisfactory  to
the intended  customer.  There were no further R&D expenses  incurred related to
the various  non-core  Tibco based  software due to a suspension in  development
pending a licensing  arrangement  with Boomboat Inc., a company made up of 11 of
the  former  R&D  staff in the  Toronto  office.  The  licensing  agreement  was
finalized in August 2001.

The net loss for the nine months ended  September  30, 2001 was  $10,062,294  as
compared to $3,127,584  for the same period in 2000.  The net loss for the three
months ended September 30, 2001 was $4,739,199 as compared to $1,586,886 for the
same  period  in 2000.  The  increase  is due  largely  to the  acquisitions  of
Kwatrobox and I-Three  during the fourth quarter of 2000. The three months ended
September  30, 2001 also  includes  $51,200 of gains  resulting  from settling a
payable  amount for less than book value.  Settlement of some payables  included
exchanging certain fixed assets with a book value of approximately $276,000, for
certain accounts payable.

Management  is  continuing  its revenue and cost  management  initiatives  while
simultaneously  exploring  various  strategic  options for the Company including
business  combinations and joint ventures with other companies in the perishable
goods marketplace.  The concentration of development on Aucxis Trading Solutions
(ATS), a wholly owned subsidiary,  is justified by the continuing capture of new
business  and the  further  consolidation  of ATSs'  leadership  as the  premier
supplier  of  electronic  trading  systems to  perishable  agriculture  and fish
trading world-wide.  ATS recently announced a contract with CCI de Quimper.  The
Chamber of Commerce of Quimper administers Audierne, Concarneau,  Douarnenez, Le
Guilvinec,  Lesconil, Loctudy and Saint-Guenole,  which are situated at the west
coast of  Brittany.  In 2000,  the combined  fish supply of these seven  markets
exceeded  63,000  tons,  worth  179,118,600  Euro.  ATS has been  contracted  to
modernize the complete sales process of all these markets.

Liquidity and Capital Resources

As at September 30, 2001,  the company had cash of $760,000.  The projected cash
flows from the Company's  current  operations  are not sufficient to finance the
Company's working capital  requirements over the next 12 months, and accordingly
there is  substantial  doubt as to the  ability of the  Company to continue as a
going  concern.  In  recognition  of these  concerns,  management is considering
various revenue and cost management  alternatives  and is examining a variety of
options  to  raise   additional   financing,   including  but  not  limited  to,
consideration of merging operations with another company.  It is not possible at
this time to predict with any assurance the success of these initiatives. During
the nine months ended September 30, 2001, cash decreased by $5,423,860.  Of this
amount of decrease,  approximately  $4,435,000  was from  operations,  including
$635,236  resulting from a change in working capital  balances.  Additional cash
outflows  were a result of  repayment  of  amounts  due to  related  parties  of
approximately  $820,000  and  reductions  in  long-term  debt  of  approximately
$105,000.  An  additional  decrease in cash of $200,000  resulted  from  capital
expenditures  in the six  months  ended  September  30,  2001  of  approximately
$500,000,  offset by the cash effect of the dilution gain on the  disposition of
Kwatrobox amounting to $305,500.


                                      -3-
<PAGE>

PART II - OTHER INFORMATION

Item 1.      Legal Proceedings
             -----------------

A competitor of ATS has filed three claims totalling approximately $150,000
(FRF1,000,000) against ATS during 2000 claiming that the ATS inappropriately
used that competitor's equipment. At present, there is insufficient information
available to ascertain the likelihood of these claims being successful.

Certain customers of a subsidiary have filed claims totalling $70,000 against
the subsidiary Company for alleged failure to deliver product in accordance with
an agreement. At present, there is insufficient information available to
ascertain the likelihood of these claims being successful.

During the second quarter of fiscal 2001, certain shareholders of the Company
have requested that a subsidiary of the Company repurchase 454,545 of their
Aucxis Corp. shares at $1.65 per share for an aggregate amount of $750,000,
citing the terms of an agreement with a subsidiary of the Company. To date the
subsidiary has not repurchased the shares and these shareholders plan to take
the matter to arbitration. At present, there is insufficient information
available to ascertain the outcome of any such arbitration process.

On August 31, 2001, Parody Group Ltd. and Seabreeze Services Ltd.(the
"plaintiffs") commenced an action in the Ontario Superior Court of Justice
naming e-Auction Global Trading Inc., a Canadian corporation ("e-Auction
Canada"), and three other defendants relating to a loan by the plaintiffs in the
amount of $700,000. e-Auction Canada (now Aucxis (Canada) Inc.) is a
non-operating wholly owned subsidiary of Aucxis Corp. Counsel for the plaintiffs
has been advised that any action the plaintiffs may have is against the Nevada
corporation, e-Auction Global Trading Inc., and its successor in name, the
Company. The Company has not yet received any additional communication to date.
If and when a statement of claim is issued naming the Company, management
believes that the Company has a good defense and intends to vigorously contest
the claims asserted against it.

Except as described above, management does not have knowledge of any material
litigation pending, threatened or contemplated, or unsatisfied judgments against
the Company or its affiliates, or any proceedings in which the Company or its
affiliates is a party. Similarly, management is without knowledge as to any
legal actions pending or threatened or judgments entered against the Company's
executive officers and directors in their capacity as such, other than to the
extent such individuals are named in the above actions.

Item 5.      Other Information
             -----------------

On August 13, 2001, two members of management of the Company indicated their
intention to resign from the company. In accordance with their respective
employment agreements, as amended, such members were required to continue to
work for the Company for a transition period for such duration as determined by
the Company's board of directors not to exceed six months. The board had up to
20 days following the receipt of the notice of intention to resign to determine
the applicable transition period by written notice (the "Transition Notice") to
the departing member of management. Prior to the delivery of the notice, the
members filed a statement of claim against the company for breach of contract in
the amount of approximately $298,000. In addition, an injunction was filed that
effectively froze approximately $387,000 in cash and cash equivalents, based on
the claim that the Company was closing the Toronto office and moving the assets
to Europe. On September 19, 2001, a settlement was reached whereby the members
agreed to accept $21,775 ($33,969 Canadian Dollars) each for their claim. To
finalize the settlement, the members and the Company signed full and final
mutual releases on October 9, 2001.

Certain assets of I-Three, with a net book value of approximately $48,000, have
been sold to the former management and employees of I-Three, who have formed a
new company, Boomboat Inc.(Boomboat). Boomboat has agreed to provide information
technology support to Aucxis upon request of Aucxis. This is to ensure access to
support services as and when required without the associated fixed costs. Aucxis
is entitled to receive a fee of one percent (1%) of all revenues received by
Boomboat from the sale of the Boomboat Toolbox Product, which is a product
developed from technology owned by Aucxis, up to and including August 29, 2006.
No such royalty revenue has been earned by the Company at September 30, 2001.
With the sale of this infrastructure and the termination of the I-Three staff,
the Toronto-based operations will be reduced to a small head office. Operational
management will be concentrated in Europe, where the company's main business is
based.


                                      -4-
<PAGE>

During September 2001, the Company decided to discontinue its financial support
for the loss making Palm Automatisering (Aucxis Business Solutions) and Nieaf
companies, which continued to consume shareholder funds within a business that
no longer forms part of Aucxis' refocused business strategy. As a result,
Kwatrobox B.V. and its operating subsidiaries, ABS and Nieaf, filed for
voluntary bankruptcy. Nieaf filed on September 19, 2001 followed by ABS on
September 26, 2001 and finally Kwatrobox on October 3, 2001. Under the
bankruptcy laws of the Netherlands, a trustee took control of the assets and the
operation from the parent company in October 2001. Due to the loss of control,
the Company has written off the assets and liabilities in the consolidated
financials as well as the goodwill related to the Kwatrobox acquisition. The
goodwill written of was $3,576,702. The interim financial statements disclose
the breakdown of the assets and liabilities written off.

Item 6.      Exhibits And Reports On Form 8-K
             --------------------------------

        (a)  Exhibits.

      Exhibit #        Exhibit name
      ---------        ------------

      Exhibit 10.1     Letter Agreement dated August 29, 2001 between
                       Registrant's subsidiary I-Three Inc. and Boomboat (filed
                       as Exhibit 10.1 to the Company's Report on Form 10-QSB
                       for the quarter ended September 30, 2001)

        (b)  Reports on Form 8-K

        The Company did not file any reports on Form 8-K during the quarter
        ended September 30, 2001.

                                   SIGNATURES

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

Date:  December 21, 2001                     Aucxis Corp.
                                             (Registrant)


                                             By: /s/ Dennis E. Petke
                                                 -------------------------------
                                                 Dennis E. Petke,
                                                 Chief Financial Officer
                                                 (duly authorized officer)


                                      -5-