<PAGE>
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

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

         For the quarterly period ended: March 31, 2002

Or

[ ]      Transition Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

         For the transition period from ____________ to _____________

Commission File Number:  000-28661

                             AUGRID OF NEVADA, INC.
             (Exact name of registrant as specified in its charter)

           Nevada                                        88-0219656
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

                  2275 East 55th Street, Cleveland, Ohio 44103
                    (Address of Principal Executive Offices)

                                 (216) 426-1589
                (Issuer's Telephone Number, including Area Code)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

Yes [X]         No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 64,179,053 shares of common stock at
May 14, 2002

Transitional Small Business Disclosure Format (check one):

Yes [ ]         No [X]




<PAGE>



                             AUGRID OF NEVADA, INC.

                                      INDEX

PART I                     FINANCIAL INFORMATION

         Item 1            Financial Statements
         Item 2            Management's Plan of Operation

PART II                    OTHER INFORMATION

         Item 1            Legal Proceedings
         Item 2            Exhibits and Reports on Form 8-K

SIGNATURES

                                     PART I
                              FINANCIAL INFORMATION

ITEM 1.           FINANCIAL STATEMENTS

                             AUGRID OF NEVADA, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

Review Report

Balance Sheet as of March 31, 2002

Statement of Income for the Three-Month Period ended March 31, 2002

Statement of Retained Earnings as of March 31, 2002

Statement of Cash Flows for the Three-Month Period ended March 31, 2002

Notes to the Financial Statements - as of March 31, 2002







<PAGE>



To the Board of Directors and Stockholders
AuGRID OF NEVADA, INC.
140 Public Square Suite 208
Cleveland, Ohio 44114

                           ACCOUNTANT'S REVIEW REPORT

I have reviewed the accompanying balance sheet of AuGRID of Nevada, Inc. (A
Development Stage Company) as of March 31, 2002, and the related statements of
income, retained earnings and cash flows for the three months period ended March
31, 2002, in accordance with Statements on Standards for Accounting and Review
Services issued by the American Institute of Certified Public Accountants. All
information included in this financial statement is the representation of the
management of the AuGRID of Nevada, Inc.

A review consists principally of inquiries of Company personnel and analytical
procedures applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion regarding the financial statements taken
as a whole. Accordingly, I do not express such an opinion.

As discussed in Note 1, the Company has a going concern problem. Without
realization of additional capital and source of revenue, it would be unlikely
for the Company to continue as a going concern.

Based on my reviews, with the exception of the matter described in the above
paragraph, I am not aware of any material modifications that should be made to
the accompanying financial statements in order for them to be in conformity with
generally accepted accounting principles.

Respectfully,

/s/ Henry L. Creel

Henry L. Creel, CPA

May 11, 2002


<PAGE>



                             AUGRID OF NEVADA, INC.
                          (A Development Stage Company)

                                  BALANCE SHEET
                              AS OF MARCH 31, 2002

                                     ASSETS

CURRENT ASSETS

    Cash                                  $     2,937
                                          -----------

         Total Current Assets                   2,937

PROPERTY AND EQUIPMENT (NOTE 1)


    Machinery And Equipment                    68,080
    Furniture And Fixtures                      7,686
    Office Equipment                           14,176
                                          -----------
         Total Property At Cost                89,942

    Less:  Accumulated Depreciation
           and Amortization                   (52,947)
                                          -----------
    Net Property and Equipment                 36,995
                                          -----------
OTHER ASSETS

    Licensing Agreement ( Note 2)           1,687,907
         Less Amortization                 (1,005,224)
                                          -----------
    Net Licensing Agreement                   817,683
                                          -----------
         Deposits Building Construction        21,341
                                          -----------
         Total Other Assets                   839,024
                                          -----------
TOTAL ASSETS                              $   878,956
                                          ===========



                         See Accountant's Review Report


<PAGE>



                             AUGRID OF NEVADA, INC.
                          (A Development Stage Company)

                                  BALANCE SHEET
                              AS OF MARCH 31, 2002
                                   (continued)

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

    Account Payable                                            $    63,945
    Accounts Payable to Related Parties (Note 3)                   299,750
                                                               -----------

         Total Current Liabilities                                 363,695
                                                               -----------

LONG-TERM DEBT

    Notes Payable to Stockholders (Note 7)                         553,700
                                                               -----------
         Total Long-Term Debt                                      553,700
                                                               -----------
    Total Liabilities                                              917,395
                                                               -----------
STOCKHOLDERS' EQUITY

       Preferred Stock $ 0.001 par value 10,000,000 shares
       authorized and 317,500 shares issued and outstanding            318

       Common stock- with $0.001 par value 90,000,000 shares
       authorized; shares outstanding,
       March 31, 2001 - 69,964,720
       December 31, 2001 - 64,364,720
       December 31, 2000 - 58,268,469
       December 31, 1999 - 49,889,348
       December 31, 1998 - 46,629,414                               69,964

    Additional paid in capital                                   3,926,203

    Deficit accumulated during the development stage            (4,034,924)
                                                               -----------
         Total Stockholders' Equity                                (38,439)
                                                               -----------
TOTAL LIABILITIES AND
    STOCKHOLDERS' EQUITY                                       $   878,956
                                                               ===========


                         See Accountant's Review Report


<PAGE>



                             AUGRID OF NEVADA, INC.
                          (A Development Stage Company)

                               STATEMENT OF INCOME
                FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2002

    Net Sales (Note 1)                                    $-0-
                                                  ------------
       Total Revenue                                       -0-
                                                  ------------
Expenses

    Consultants                                         45,615
    Auto Expense                                         2,029
    Advertising and Promotions                           1,000
    Rent                                                 2,250
    Direct Travel                                        4,450
    Legal Fees                                           2,400
    Accounting                                           7,500
    Maintenance and Repairs                             10,148
    Computer Expense                                     1,139
    Bank Charges                                           315
    Office Expense                                         729
    Postage and Deliveries                                 258
    Telephone                                            3,227
                                                  ------------
       Total Expenses                                   81,060
                                                  ------------
Income (Loss) Before Depreciation                      (81,060)

    Depreciation                                        (4,056)

    Amortization                                       (84,396)
                                                  ------------
Income (Loss) Before Income Taxes                     (169,512)

Provision for Income Taxes (Note 4)                        -0-
                                                  ------------
     Net Income (Loss)                            $   (169,512)
                                                  ============
    Basic and Diluted Loss Per Share (Note 6)            .0024

    Shares Used in Computing Net Loss Per Share     69,964,720


                         See Accountant's Review Report


<PAGE>




                            AUGRID OF NEVADA, INC.
                           (A Development Company)

                        STATEMENT OF RETAINED EARNINGS
                             AS OF MARCH 31, 2002

Deficit accumulated  March 8, 1998 at Merger                    ($429,352)

Net (Loss) for the Year 1998                      (590,366)

Deficit accumulated, at End of Year 1998                      ($1,019,718)

Net (Loss) for the Year 1999                      (675,719)

Deficit accumulated, at End of Year 1999                       (1,695,437)

Net (Loss) for the Year 2000                    (1,171,377)

Deficit accumulated, at End of Year 2000                       (2,866,814)

Net (Loss) for the Period                         (974,119)

Prior Period Adjustment (Note 8)                   (24,479)

Deficit accumulated, at December 31, 2001                      (3,865,412)

Net (Loss) for the Period                         (169,512)

Deficit accumulated, at March 31, 2002                         (4,034,924)










                         See Accountant's Review Report


<PAGE>



                             AUGRID OF NEVADA, INC.
                          (A Development Stage Company)

                             STATEMENT OF CASH FLOWS
                              AS OF MARCH 31, 2002

CASH FLOWS FROM OPERATING ACTIVITIES

      Net Income (Loss)                                  $(169,512)

  Adjustments to reconcile Net Income to
  Net Cash provided by Operating Activities:

      Depreciation and Amortization                         88,452

Changes in Operating Assets and Liabilities Net:

        Increase in Accounts Payable Trade                     -0-
                                                         ---------
             Net Cash (Used) by Operating Activities       (81,060)

CASH FLOWS FROM INVESTING ACTIVITIES

      Proceeds from Paid in Capital                         76,504
                                                         ---------

             Net Cash Used in Investing Activities          76,504

CASH FLOWS FROM FINANCING ACTIVITIES

             Net Cash Provided by Financing Activities         -0-
                                                         ---------
Increase (Decrease) in Cash and Cash Equivalents            (4,556)

Cash and Cash Equivalents at Beginning of Period             7,493
                                                         ---------
Cash and Cash Equivalents at End of Period                  $2,937
                                                         =========





                         See Accountant's Review Report


<PAGE>



                             AUGRID OF NEVADA, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2002

NOTE 1            ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

                  A. Organization

                  AuGRID of Nevada, Inc., (a Development Stage Company) formed
                  under the laws of the State of Nevada. It is a development
                  stage company whose primary business is a technology
                  development firm specializing in Thin Cathode Ray Tube (TCRT)
                  technology. The company currently has no operating income and,
                  in accordance with SFAS #7 is considered a development
                  Company.

                  B.  Basis of Presentation

                  The financial records of the company are maintained on the
                  accrual basis of accounting. The accompanying financial
                  statements have been prepared on the going concern basis which
                  contemplates the realization of assets and the satisfaction of
                  liabilities in the normal course of business in accordance
                  with generally accepted accounting principles.

                  C.  Property and Equipment

                  All property and equipment is stated at cost. The Company
                  provides for depreciation, using the straight line method,
                  over the estimated useful lives of the respective assets, as
                  follows:

                                                                   YEARS

                  Machinery and Equipment         $   68,080         10
                  Furniture and Fixtures               7,686         10
                  Office Equipment                    14,176         10
                                                  ----------
                  Total Property & Equipment      $   89,942
                                                  ==========

                  Major renewals and improvements of property and equipment are
                  capitalized, while replacements, maintenance and repairs which
                  do not improve or extend the lives of the assets are charged
                  against current operations.

                  When property and equipment is disposed of, any gain or loss
                  is included in current operations.

                  D. Use of Estimates

                  The preparation of financial statements in conformity with
                  general accepted accounting principles require management to
                  make estimate and assumptions that affect the reported amounts
                  of assets and liabilities at the date of the financial
                  statement and the reported amounts of revenue and expenses
                  during the reported period. Actual results could differ from
                  those estimates.


<PAGE>



                             AUGRID OF NEVADA, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2002

NOTE 1            ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
                  (Continued)

                  E.  Going Concern

                  The company's financial statements are prepared using the
                  generally accepted accounting principles applicable to a going
                  concern, which contemplates the realization of assets and
                  liquidation of liabilities in the normal course of business.
                  However, the Company has no current source of revenue. Without
                  realization of additional capital, it would be unlikely for
                  the Company to continue as a going concern. The financial
                  statements do not include any adjustments relating to the
                  recoverability and classification of recorded assets or the
                  amount and classification of liabilities which might be
                  necessary should the company continue as a concern. The
                  Company's continuation as a going concern is dependent upon
                  its ability to generate sufficient cash flows to meet its
                  obligations on a timely basis, to obtain additional financing
                  as may be required, and ultimately to attain successful
                  operations. It is management's plan to begin producing sales
                  in mid 2002.

                  F. Research and Development Expense

                  The company's policy relating to research and development and
                  patent development cost are expensed when incurred except R&D
                  machinery, equipment, and facilities which have alternative
                  future uses either in R&D activities or otherwise. Machinery,
                  equipment and facilities, which have alternate future uses
                  should be capitalized. All expenditures in conjunction with an
                  R&D project, including personnel cost, materials, equipment,
                  facilities, and intangibles, for which the company has no
                  alternative future use beyond the specific project for which
                  the items were purchased, are expensed.

                  G. Revenue Recognition

                  The company has no current source of Revenue.


<PAGE>



                             AUGRID OF NEVADA, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2002

NOTE 2            LICENSING AGREEMENT

                  The company has an agreement with CeraVision Limited.
                  CeraVision has developed and is developing certain technology
                  relating to ceramic-based field emission flat screen displays
                  and hold certain patent applications and other intellectual
                  property rights in relation to such technology and in relation
                  to manufacturing processes and equipment to produce and sell
                  such displays and components for incorporation into such
                  displays. The cost incurred in relation to this licensing
                  agreement is capitalized. The cost is amortized over a period
                  of 5 years.

NOTE 3            ACCOUNTS PAYABLE TO RELATED PARTIES

                  The company enter into consulting agreements with
                  Stockholders, the company has violated its agreements by being
                  delinquent in its payment to these Stockholders. At March 31,
                  2002 the company owed these related parties (Stockholders) the
                  following amounts $86,850, $84,400, $65,600 and $62,900
                  totaling $299,750.These amounts relates to unpaid consulting
                  fees and cash advance to company made by stockholders not
                  repaid. All amounts due on demand with no interest.

NOTE 4            INCOME TAXES

                  There was no provision for Federal Income tax during 2002 or
                  2001 because of an unexpired net operating loss carry forward.

                                                              Carryforward
                  Year Ended                  Amount       Available to Year
                  ----------                  ------       -----------------
                  December 31, 1998        1,019,718                    2013
                  December 31, 1999          675,719                    2014
                  December 31, 2000        1,171,377                    2015
                  December 31, 2001          974,119                    2016
                  March 31, 2002             169,512                   20176

                  The Company has a net operating loss carryforward of $
                  2,913,362 which expires, if unused, in the years 2013 to 2016.
                  The following is a reconciliation of the income tax benefit
                  computed at the federal statutory rate with the provision for
                  income taxes for the period ended 2000 and 2002.
<CAPTION>
<TABLE>
                                                                                  2001                 2002
                                                                                  ----                 ----
<S>                                                                         <C>                  <C>
                  Income tax benefit at the statutory rate (34%)               974,119              169,512
                  Change in valuation allowance
                  State tax, net of federal benefit
                  Non included items
                                                                               -------              -------
                  Provision for income taxes                                         0                    0
                                                                               =======              ========
</TABLE>


<PAGE>



                             AUGRID OF NEVADA, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2002

NOTE 5            CAPITALIZATION

                  On March 1, 1998, AuGRID Corporation's current controlling
                  stockholders purchased controlling interest in Ironwood
                  Ventures via the purchase of approximately 4,616,111 shares of
                  Common Stock of Ironwood Ventures' in private transactions;
                  this represented approximately 62.2 percent (62.2%) of
                  Ironwood Ventures' issued and outstanding Common Stock.

                  On March 2, 1998, Ironwood Ventures' executed a forward stock
                  split of its stock, 6.06571228 to 1. In addition, Ironwood
                  Ventures' increased its authorized shares to 90,000,000 common
                  shares, par value $0.001, 10,000,000 preferred shares, par
                  value $0.001, and changed its name to AuGRID of Nevada, Inc.

                  On March 12, 1998, Ironwood Ventures' - now called AuGRID of
                  Nevada, Inc. - executed an asset purchase agreement purchasing
                  substantially all of the assets of AuGRID Corporation, a
                  Delaware corporation hereinafter referred to as "AuGRID of
                  Delaware", a company under common control by the control
                  stockholders of the Ironwood Ventures', for 1,000,000 newly
                  issued shares of the Ironwood Ventures'. This was not a third
                  party, arms length transaction, and due to the development
                  stage and specialized nature of the assets\technology that
                  Ironwood Ventures' purchased, the Company's management is
                  unable to determine how this transaction would compare to a
                  similar arms length transaction. The shares of common stock
                  were spun off to AuGRID of Delaware shareholders on a pro-rate
                  basis on March 13, 1998.

NOTE 6            NET LOSS PER SHARE

                  The Company follows the provisions of Statement of Financial
                  Accounting Standards No. 128, earnings per share (SFAS 128).

                  The following table presents the calculation.
<CAPTION>
<TABLE>
<S>                                                                                   <C>
                      Net Loss                                                        $   169,512
                                                                                      -----------
                  Basic:
                      Weighted average share of
                      Common stock outstanding                                         69,964,720
                                                                                      -----------
                      Basic net loss per share                                             (.0024)
                  Pro forma :
                      Shares used above                                                69,964,720
                      Pro forma adjusted to reflect
                      Weighted affect of assumed
                      Conversion of preferred stock                                       317,500
                                                                                      -----------
                      Shares used in computing pro forma
                         Basic net loss per share                                      70,282,220
                                                                                      -----------
                      Pro forma basic net loss per share                                   (.0024)
</TABLE>


<PAGE>



                             AUGRID OF NEVADA, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2002

NOTE 7            NOTES PAYABLE TO STOCKHOLDERS

                  Notes payable to stockholders, interest rates at 12% payable
                  monthly Notes Matured on 01/28/01. The matured notes were
                  converted into 18 Month Demand notes at 10% interest totaling
                  $ 553,700

                  Notes Payable to Stockholders-Long Term             $553,700


NOTE 8            PRIOR PERIOD ADJUSTMENTS

                  Prior period represents unrecorded depreciation for years
                  1998, 1999, and 2000. To properly present the retained
                  earnings account, $ 24,479 was adjusted to the retained
                  earnings to properly reflect accumulated depreciation at
                  December 31, 2001. Depreciation was not taken from 1998 to
                  2000.


<PAGE>



ITEM 2.  MANAGEMENT'S PLAN OF OPERATION

GENERAL

The Company is a research and development company in the development stage. The
Company's predecessor was formed under the name Ironwood Ventures, Inc.
("Ironwood") by the filing of Articles of Incorporation with the Secretary of
State of the State of Nevada on August 4, 1995. On March 2, 1998, following a
change of control, the Company changed its name to AuGRID of Nevada, Inc. The
Company effectively commenced operations on March 15, 1998.

The Company's business objective is to exploit technologies that assist in the
development of proprietary flat panel display technology. The Company has
secured licensee rights to what is believed by management to be the first truly
flat panel, FED (Field Emission Device), display technology. This thin cathode
ray tube technology incorporates a proprietary ceramic backplane that management
believes will allow manufacturers to overcome pricing, power and size obstacles
currently facing many other manufacturers in the flat panel display industry.
Although the Company has no current manufacturing or sales operations utilizing
this technology, it intends, within the next twelve months, to begin the
manufacture of thin cathode ray tubes for a broad range of flat panel display
product applications for the transportation industry.

To date the Company has been engaged in securing funding, obtaining rights as a
licensee to the flat panel display technology critical to the Company's
business, finding and securing a management team and board of directors,
developing a business plan, conducting preliminary market research and
contracting for the manufacture of a pilot production line at a cost to the
Company of $1,200,000. It is anticipated that the line will be completed and
that production of flat panel displays will commence in the fourth quarter of
2003.

PATENT LICENSE; ROYALTIES

The Company has obtained an exclusive patent license from CeraVision Limited to
use certain ceramic-based field emission flat panel display technologies to
manufacture and market products for the transportation industry. Pursuant to the
terms of the license, the Company will be required to pay royalties to its
licensor. These royalties are based upon production. On July 1, 2001, the
Company became subject to a minimum quarterly royalty payment in the amount of
$500,000, irrespective of production, for the fiscal quarter ended September 30,
2001. Although the first payment was due on October 7, 2001, the licensor has
deferred the Company's obligation to make any royalty payments, while the
Company pursues a strategic business combination.

RESEARCH AND DEVELOPMENT

The Company spent approximately $1,312,000 in 2000 and $138,000 in 2001 for
research and development and other costs incurred in connection with the
Company's efforts to obtain the patent license from CeraVision Limited. Although
those costs initially were recorded as deferred costs, they subsequently were
attributed to the license agreement.

Of the amount recorded for 2000, $862,000 was a direct payment to CeraVision
Limited pursuant to the license agreement. The remaining $450,000 of costs for
that year represented payments to CeraVision Limited for additional FPD research
and development services not covered by the $1,000,000 fee. The $138,000
recorded for 2001 was a direct payment to CeraVision Limited pursuant to the
license agreement. An aggregate of $1,450,000 of payments to CeraVision Limited
during the last two fiscal years is attributable to the license agreement.
Although the Company currently is producing no FPD products and has no


<PAGE>



customers for such products, it expects that these costs ultimately will be
recovered in the prices it charges for its FPD products.

Of the costs recorded in 2000 and 2001, $862,000 was paid to CeraVision Limited
for the exclusive licensing agreement, representing a portion of the first
$1,000,000 installment of the $3,000,000 fee for CeraVision Limited's services
in developing certain flat panel display prototypes and building manufacturing
lines for the purpose of producing such displays. The balance of the first
installment and the second $1,000,000 installment of the fee is due on demand,
but CeraVision Limited is withholding demand while the Company is exploring a
strategic business combination. The final $1,000,000 installment of the fee will
not be due until the Company receives the last of ten (10) prototypes complying
with certain specifications.

CASH REQUIREMENTS

The Company will have cash requirements of approximately $5,000,000 during the
next twelve months. During that period, the Company will be obligated to pay an
installment payment in the amount of $1,000,000 for the manufacture of its pilot
production line; approximately $1,000,000 for general administrative and
operating costs, including legal and accounting fees and the hiring of several
additional key employees; approximately $676,800 to repay debt (plus interest in
the amount of 10% on $250,000 of that amount from June 18, 2001); and the
remainder to establish a manufacturing facility and fund further research and
development activities. In addition, if the requisite ten production lines
prototypes are delivered during the next twelve months, the Company will be
obligated to pay the final $1,000,000 installment for the manufacture of the
production lines, and the Company also may be obligated for the payment of
minimum royalty payments under its patent license, even if the Company is not
then producing products for sale.

To date, the Company's cash requirements have been met from the proceeds of
private offerings of its common stock and the issuance of its debt securities.
The Company has generated no revenues from operations to date. The Company
expects that revenues over the next twelve months will be inadequate to meet
working capital requirements, and the Company is considering a strategic
business combination that will provide the necessary working capital to conduct
operations as planned. If the Company is unable to complete the contemplated
combination, it is unlikely that it will be able to continue operations unless
it can raise substantial proceeds from one or more private or public offerings
of its securities. The Company has no significant cash or other material assets
nor revenues to cover its operating costs to allow it to continue as a going
concern during such period. The Company expects to generate sufficient revenues
from operations to cover its costs beginning in 2003.

EMPLOYEES

The Company has four full-time employees and no part-time employees. The
Company's management team currently is comprised of two persons, a Chief
Executive Officer and a Secretary/Treasurer. However, through consultation with
advisors and board members, management has identified key personnel who may be
available to fill management positions, as soon as the Company has the funds to
compensate them. These include a Chief Operations Officer, a Chief Financial
Officer, an Executive Vice President, a Controller and a Vice President of
Manufacturing and a Vice President of Sales and Marketing. The Company intends
to fill these positions during the next twelve months and also intends to hire
experienced high-tech sales personnel.


<PAGE>



PART II - OTHER INFORMATION

ITEM 1            LEGAL PROCEEDINGS

                  The Company has been threatened with litigation in connection
                  with a contract dispute regarding a financial advisory
                  agreement with AuGRID of Nevada, Inc. The Company is
                  represented by legal counsel in the dispute, and it intends to
                  vigorously defend against any action that might be brought
                  against it. Due to the nature of the action and the inherent
                  uncertainty of the outcome of any litigation, the Company at
                  is unable to determine whether it would prevail in such
                  litigation if brought or would suffer any material loss if it
                  should not prevail.

ITEM 6            EXHIBITS AND REPORTS ON FORM 8-K

         (d)      Exhibits (Reference Numbers are to Item 601 of Regulation S-B)

                        2       Plan of Acquisition

                                Asset Purchase Agreement between the Company and
                                AuGRID Corporation, a Delaware corporation,
                                dated March 12, 1998 (the "Asset Purchase
                                Agreement") and incorporated by reference to
                                Exhibit 2 to the Company's Form 10-SB, filed
                                with the Commission on December 27, 1999.

                        3       Articles of Incorporation & By-Laws

                                (i)     Articles of Incorporation of the Company
                                        filed with the Nevada Secretary of State
                                        on August 4, 1995 and incorporated by
                                        reference to Exhibit 3(i) to the
                                        Company's Form 10-QSB, filed with the
                                        Commission on June 13, 2001.

                                (ii)    Certificate of Amendment of Articles of
                                        Incorporation of the Company filed with
                                        the Nevada Secretary of State on March
                                        18, 1998 and incorporated by reference
                                        to Exhibit 3(ii) to the Company's Form
                                        10- QSB, filed with the Commission on
                                        June 13, 2001.

                                (iii)   By-Laws of the Company adopted August 4,
                                        1995 and incorporated by reference to
                                        Exhibit 3 to the Company's Form 10-SB,
                                        filed with the Commission on December
                                        27, 1999.

                        10      (i)     Patent License between the Company
                                        and CeraVision (Ireland) Limited dated 7
                                        July 2000 and incorporated by reference
                                        to the Company's Form 10-KSB for the
                                        fiscal year ended December 31, 2001,
                                        filed with the Commission on April 1,
                                        2002.

                                (ii)    Exclusive Project Agreement relating to
                                        Displays for Use in Automobiles between
                                        the Company and CeraVision Limited dated
                                        7 July 2000 and incorporated by
                                        reference to the Company's Form 10- KSB
                                        for the fiscal year ended December 31,
                                        2001, filed with the Commission on April
                                        1, 2002.


<PAGE>



                                (iii)   Letter of understanding between the
                                        Company and the City of Akron, Ohio
                                        regarding the purchase or lease (with
                                        purchase option) of an approximately
                                        five-acre parcel of land located in the
                                        city's Ascot Industrial Park, dated
                                        December 17, 1999 and incorporated by
                                        reference to the Company's Form 10-KSB
                                        for the fiscal year ended December 31,
                                        2001, filed with the Commission on April
                                        1, 2002.

                        23              Consent of Independent Certified
                                        Accountants

         (b)      Reports on Form 8-K

                        None


<PAGE>



                                   SIGNATURES

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

                              AuGRID of Nevada, Inc.


Date:    May 14, 2001          By: /s/ Muhammad J. Shaheed
                                   -----------------------------------------
                                     Muhammad J. Shaheed, President
                                     and Director


Date:    May 14, 2002          By: /s/ Mary F. Sloat-Horoszko
                                   -----------------------------------------
                                     Mary F. Sloat-Horoszko, Secretary,
                                     Treasurer and Director