UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 10549
                                   FORM 10-QSB

                 QUARTERLY REPORT UNDER SECTION 11 OR 15 (d) of
                              EXCHANGE ACT OF 1934
                FOR THE QUARTER PERIOD ENDING SEPTEMBER 30, 2003
                         DIAPULSE CORPORATION OF AMERICA
                         -------------------------------

             (Exact Name of registrant as specified on its charter)

              Delaware                                   13-5671991
     ------------------------------                   ----------------
    (State or other jurisdiction of)                   (I.R.S. Employer
      incorporation of organization                 Identification Number)

      321 East Shore Road
      Great Neck, New York                                 11023
------------------------------                            --------
(Address of principal offices)                           (Zip Code)

Registrant's telephone number,
including area code                                      516-466-3030
                                                         ------------

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by section 12 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months, and (2) has been subject to such filing
requirements for the past 90 days.

                                Yes   X     No
                                   ------     ------
As of September 30, 2003 there were 3,961,998 shares of common stock
outstanding.



Transitional Small Business Disclosure Format:

     Yes [   ]       No [ X ]








<PAGE>


                         DIAPULSE CORPORATION OF AMERICA

                              INDEX TO FORM 10-QSB
                              --------------------

PART I. FINANCIAL INFORMATION
--------------------------------------------------------------------------------

       ITEM 1.  FINANCIAL STATEMENTS

                BALANCE SHEETS (UNAUDITED)
                September 30, 2003                                      3 - 4

                STATEMENTS OF OPERATIONS (UNAUDITED)
                Nine Months ended September 30, 2003                        5

                STATEMENTS OF CASH FLOWS (UNAUDITED)
                Nine Months ended September 30, 2003                        6

                NOTES TO UNAUDITED FINANCIAL STATEMENTS                     7

       ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS                        8


PART II.  OTHER INFORMATION
--------------------------------------------------------------------------------

       ITEM 1.  LEGAL PROCEEDINGS                                           9

       ITEM 2.  CHANGES IN SECURITIES                                      10

       ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                            10

       ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS        10

       ITEM 5.  OTHER INFORMATION                                          10

       ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                           10

       ITEM 7   CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER               11-13


SIGNATURES
--------------------------------------------------------------------------------

       SIGNATURE PAGE                                                      14






                                       2
<PAGE>




                         DIAPULSE CORPORATION OF AMERICA
                         -------------------------------

                                 BALANCE SHEETS
                                 --------------
<TABLE>
<CAPTION>




                                                                    Sept. 30,2002        Dec.31, 2003
                                                                     Unaudited             Audited
                                                                     ---------             -------
                                    Assets
                                    ------
<S>                                                                   <C>                  <C>
  Current Assets:
    Cash and cash equivalents                                         $ 482,795            $522,108
    Current portion of accounts receivable, net of
      Allowance for doubtful accounts of  $751,343 at
      September 30, 2003 and $1,545,849 at December 31, 2002            112,535             211,456
    Inventories                                                         178,540             164,416
    Commission advances                                                  14,503               8,718
    Short-term notes receivable due from officer                         21,116                -
    Other current assets                                                  5,468               6,186
                                                                     ----------          ----------
        Total current assets                                            814,957             912,884
                                                                     ----------          ----------
   Property and equipment, net                                           50,508              65,475
                                                                     ----------          ----------
  Other assets:
  Accounts receivable, net of current portion                           168,803             317,184
  Commission advances to related parties                                 45,242             234,487
  Long-term portion notes receivable due from officer                   166,695                  -
  Security deposits                                                      21,018              21,018
                                                                     ----------          ----------
            Total other assets                                          401,758             572,689

            Total Assets                                             $1,267,223          $1,551,048
                                                                     ==========          ==========







                                        See Notes to Financial Statements

</TABLE>



                                       3
<PAGE>




                         DIAPULSE CORPORATION OF AMERICA
                         -------------------------------

                                 BALANCE SHEETS
                                 --------------


                Liabilities and Stockholder's Equity (Deficiency)
                -------------------------------------------------
<TABLE>
<CAPTION>


                                                                           Sept. 30,2002         Dec.31, 2003
                                                                             Unaudited              Audited
                                                                             ---------              -------


<S>                                                                            <C>                   <C>
   Current Liabilities:
     Current portion of amounts due to officer/stockholder                     $100,000              $100,000

     Accounts payable and accrued liabilities including
       $76,412 and $76,754 to related parties in
       2003 and 2002                                                            284,177               415,272
     Accrued income taxes                                                         5,300                 1,918
                                                                             ----------            ----------
            Total current liabilities                                           389,477               517,190

     Long-term portion of amounts due to officer                              2,575,863             2,573,706
                                                                             ----------            ----------
             Total Liabilities                                                2,965,340             3,090,896
                                                                             ----------            ----------
   Stockholders' equity:
     Common stock - $.025 par value:
       Authorized 15,000,000 shares, issued 3,961,998
       Shares as at 2003 and 3,962,058 Shares as at 2002                         99,050                99,051
     Additional paid-in capital                                               2,293,273             2,293,272
     Accumulated deficit                                                     (4,088,112)           (3,929,843)
                                                                             ----------            ----------
                                                                             (1,695,789)           (1,537,520)

   Less treasury stock 1,388 shares as at 2003 and 1328 shares as at
   2002 at cost                                                                  (2,328)               (2,328)
                                                                             ----------            ----------
             Total stockholders' equity (Deficiency)                         (1,698,117)           (1,539,848)
                                                                             ----------            ----------
   Total liabilities and stockholders' equity (Deficiency)                   $1,267,223            $1,551,048
                                                                             ==========            ==========



                                            See Notes to Financial Statements

</TABLE>



                                       4
<PAGE>

                         DIAPULSE CORPORATION OF AMERICA
                         -------------------------------

                              STATEMENTS OF INCOME
                              --------------------
                                   (UNAUDITED)
                                    ---------
<TABLE>
<CAPTION>

                                                                          NINE MONTHS ENDED
                                                                             SEPTEMBER 30
                                                                             ------------
                                                                   2003                     2002
                                                                   ----                     ----
<S>                                                            <C>                    <C>
Net Sales and rentals                                           $  906,564              $ 1180,235

Cost of sales and rentals                                          117,457                 119,660
                                                                ----------              ----------
          Gross Margin                                             789,107               1,060,575


Operating Expenses:
  Selling, general and administrative                              854,969                 854,700
  Interest expense (related parties)                               104,710                 123,519
                                                                ----------              ----------

          Total Operating Expenses                                 959,679                 978,219
                                                                ----------              ----------

         Net Operating Income (Loss)                              (170,572)                 82,356
Interest and other income                                            4,584                   2,863
                                                                ----------              ----------

         Income before Provision for Income Taxes                 (165,988)                 85,219
Provision for Income Taxes                                          (7,719)                 33,560
                                                                ----------              ----------
          Net Income (Loss)                                     $ (158,269)             $   51,659
                                                                ==========              ==========

          Basic Earnings Per Share                              $    (0.04)             $     0.01
                                                                ==========              ==========

          Weighted Average Number of Common
          Shares Outstanding                                     3,960,723               3,960,730
                                                                ==========               =========



                                     See Notes to Financial Statements

</TABLE>



                                       5
<PAGE>



                         DIAPULSE CORPORTION OF AMERICA
                         ------------------------------

                            STATEMENTS OF CASH FLOWS
                            ------------------------
                                   (UNAUDITED)
                                    ---------
<TABLE>
<CAPTION>
                                                                          NINE MONTHS ENDED
                                                                             SEPTEMBER 30
                                                                             ------------
                                                                   2003                     2002
                                                                   ----                     ----
<S>                                                          <C>                        <C>
Cash Flows From Operating Activities:
  Net income (Loss)                                             $(158,269)              $  51,659
                                                                ---------               ---------
Adjustments to reconcile net income to net cash
  Provided by operating activities:
  Depreciation and amortization                                    14,967                  15,003
  Changes in operating assets and liabilities:
  (Increase) Decrease in accounts receivable                      247,302                (124,580)
  Decrease in commission advances                                 183,460                 120,322
  (Increase) in notes receivable due from officer                (187,811)                 -
  (Increase) in inventories                                       (14,124)                (77,234)
  Decrease in other assets                                                                  1,774
                                                                      718
  (Decrease) Increase in accounts payable and
    Accrued liabilities                                          (131,095)                 14,381
  Increase in income taxes payable                                  3,382                  11,722
                                                                ---------               ---------
         Total adjustments                                        116,799                 (38,612)
                                                                ---------               ---------
Net cash provided by (used in) operating
          Activities                                              (41,470)                 13,047
                                                                ---------               ---------
Net cash used in investing activities, capital
   Expenditures                                                        -                       -
                                                                ---------               ---------
Cash flow from financing activities:
Increase in long term portion of amounts
   Due to officer                                                   2,157                  43,883
                                                                ---------               ---------
     Net cash provided (used) by
     Financing activities                                           2,157                  43,883
                                                                ---------               ---------
     Net (Decrease) Increase in cash
           and cash equivalents                                   (39,313)                 56,930
Cash and cash equivalents -
  Beginning of Period                                             522,108                 287,200
                                                                ---------               ---------
Cash and cash equivalents -
  End of Period                                                 $ 482,795               $ 344,130
                                                                =========               =========


                                     See Notes to Financial Statements
</TABLE>



                                       6
<PAGE>


                         DIAPULSE CORPORATION OF AMERICA
                         -------------------------------

                          NOTES TO FINANCIAL STATEMENTS
                          -----------------------------

1.       Basis of presentation
------------------------------

       The balance sheets of Diapulse Corporation of America as of September 30,
2003, and the related statements of income and cash flows for the nine months
ended September 30, 2003, and 2002 have been prepared by the Company without
audit. In the opinion of management, all adjustments (which included only normal
recurring adjustments) necessary to present fairly the financial position,
results of operations and changes in cash flows for the nine months ended
September 30, 2003 and 2002 and for all periods presented have been made.
Certain information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted accounting principles
have been omitted. It is suggested that these financial statements be read in
conjunction with the financial statements and notes thereto included in the
Company's December 31, 2002 annual report to shareholders. There have been no
changes of significant accounting policies since December 31, 2002. Results of
operations for the nine month period ended are not necessarily indicative of the
results that may be expected for the year ending December 31, 2003.


2.  Income Taxes

         The Company accounts for income taxes under the asset and liability
method.

3.  Inventories

         Inventories as of September 30, 2003 and December 31, 2002 consisted of
the following:
                                           September 30        December. 31
                                           ------------        ------------
                                               2003                 2002
                                               ----                 ----
Parts, components and subassemblies         $  90,266           $  74,011
Finished goods                                 88,274              90,405
                                            ---------           ---------
          Total Inventories                 $ 178,540           $ 164,416
                                            =========           =========










                                       7
<PAGE>



                         DIAPULSE CORPORATION OF AMERICA
                         -------------------------------

                        ITEM 2 - MANAGEMENT'S DISCUSSION
                     AND ANALYSIS For the Nine Months Ended
                           September 30, 2003 and 2002


Results of Operations
---------------------

         Net sales and rentals for the current nine months decreased by $273,671
to $906,564 from last year's comparable nine month period of $1,180,235. This
was due primarily to a reduction in machine rentals.

         Operating expenses for the current nine months increased to $854,969
from last year's comparable nine month period of $854,700.

Liquidity and Capital Resources
-------------------------------

         As of September 30, 2003 the Company had working capital of $425,480
and a current ratio of 2.09 to 1. This represents an increase in working capital
since December 31, 2002 of $29,786.

         The Company intends to fund its future operations, pursue research and
development of current and future products and expand operations through product
rental and sales.

Impact of Inflation
-------------------

         Although the Company has not attempted to calculate the effect of
inflation, management does not believe inflation has had a material effect on
its results of operations. Material increases in costs and expenses in the
future could have a significant impact on the Company's operating results to the
extent that the effect of such increases cannot be transferred to its customers.

Forward-Looking Information
---------------------------

         The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for certain forward-looking statements made by the Company in its
disclosures to the public. There is certain information contained herein in the
Company's press releases and in oral statements made by authorized officers of
the Company which are forward-looking statements, as defined by such Act. When
used herein, in the Company's press releases and in such oral statements, the
words "estimate", "project", "anticipate", "expect", "intend", "believe",
"plans", and similar expressions are intended to identify forward-looking
statements. Because such forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual results to
differ materially from those expressed or implied by such forward-looking
statements





                                       8
<PAGE>



                         DIAPULSE CORPORATION OF AMERICA
                         -------------------------------

                                 PART II - OTHER
                      INFORMATION For the Nine Months Ended
                           September 30, 2003 and 2002

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

The Company filed a claim with one of its insurance carriers for loss of, and
damage to, property that was being stored with a storage company. The insurance
carrier was unable to process the claim because the storage company refused to
allow access to inspect the property unless the insurance carrier agreed not to
exercise its right of subrogation. In September 2001, the storage company sued
the Company for unpaid storage of approximately $80,000. The company denies
liability on the merits of the case. The Company counter sued the storage
company for $80,000 for damages done to their equipment.

As of April 1, 2003, Center for Medicare and Medicaid Services (CMS) made a
negative decision regarding payments for any future Medicare billings for
electromagnetic energy units. Diapulse Corporation of America entered a formal
request for reconsideration. This is currently pending ; no decision has been
made to date. The Officers of the Corporation, as a result of the lost revenues
caused by the above, have shifted the emphasis to obtain revenue during the
reconsideration period. They are seeking sales and rentals in other markets,
mainly those that do not require reimbursement from CMS.




                                       9
<PAGE>


Item 2.  Changes in Securities
------------------------------

None

Item 3.  Defaults Upon Senior Securities
----------------------------------------

None.

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

None.

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

Not applicable.

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

        (a)  Exhibits Filed:  None

        (b)  Reports on Form 8-K: None.











                                       10
<PAGE>

--------------------------------------------------------------------------------
                         DIAPULSE CORPORATION OF AMERICA
                                   FORM 10-QSB
                 FOR THE QUARTER PERIOD ENDED SEPTEMBER 30, 2003

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


Item 7.  Certifications

                            CERTIFICATION PURSUANT TO
                             18 C.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

         In connection with the Quarterly Report of Diapulse, Inc. (the
"Company") on Form 10-QSB for the quarter ended September 30, 2003 as filed with
the Securities and Exchange Commission on the date hereof (the "Report"), each
of the undersigned, in the capacities and on the dates indicated below, hereby
certifies pursuant to 18 C.S.C. Section 1350, as adopted pursuant to Section 906
of the SARBANES-OXLEY Act of 2002, that to his knowledge:

     1.   The Report fully complies with the requirements of Section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     2.   The information contained in the Report fairly presents, in all
          material respects, the financial condition and results of operation of
          the Company.


         By:  /s/ Jesse Ross                         November 12, 2003
             ----------------------------
                  Jesse Ross
                  Chief Executive Officer




                                       11
<PAGE>
--------------------------------------------------------------------------------
                         DIAPULSE CORPORATION OF AMERICA
                                   FORM 10-QSB
                 FOR THE QUARTER PERIOD ENDED SEPTEMBER 30, 2003

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


                          I, Jesse Ross, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Diapulse
     Corporation of America, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report; and

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operation and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report.

4.   I am responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
     registrant and have

     a)   designed such disclosure controls and procedures to ensure that
          material information relating to the registrant, including its
          consolidated subsidiaries, is made known to us by others within those
          entities, particularly during the period in which this quarterly
          report is being prepared;

     b)   evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

5.   I have disclosed, based on my most recent evaluation, to the registrant's
     auditors and the audit committee of registrant's board of directors (or
     persons performing the equivalent function):

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




                                       12
<PAGE>

--------------------------------------------------------------------------------
                         DIAPULSE CORPORATION OF AMERICA
                                   FORM 10-QSB
                 FOR THE QUARTER PERIOD ENDED SEPTEMBER 30, 2003
--------------------------------------------------------------------------------

     b)   any fraud, whether or not material, that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   I have indicated in this quarterly report whether or not there were
     significant changes in internal controls or in other factors that could
     significantly affect internal controls subsequent to the date of our most
     recent evaluation, including any corrective actions with regard to
     significant deficiencies and material weaknesses.

                                    Date:   November 12 , 2003

                                        By:  /s/ Jesse Ross
                                             ---------------------------
                                             Jesse Ross
                                             Chief Executive Officer and
                                             Principal Financial Officer






                                       13
<PAGE>


                                   SIGNATURES

Pursuant to the requirements of Section 11 or 15 (d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.



                                       DIAPULSE CORPORATION OF AMERICA
                                       -------------------------------
                                                  Registrant



                                       By /s/ Jesse Ross
                                         --------------------------
                                              Jesse Ross, President

                                       Date: November 12, 2003













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