<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB
                ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                           Commission File No. 0-13328
                  For the quarterly period ending May 31, 2002

                         SENTEX SENSING TECHNOLOGY, INC.
                         -------------------------------
             (Exact name of registrant as specified in its charter)

         New Jersey                                        22-2333899
         ----------                                        ----------
(State or other jurisdiction of                        (I.R.S. Employer
 incorporation or organization)                        Identification No.)

     1801 East Ninth Street
         Cleveland, Ohio                                       44114
         ---------------                                       -----
(Address of principal executive offices)                    (Zip Code)

                                 (216) 687-9133
                                 --------------
               (Registrant's telephone number including area code)

          Securities registered pursuant to Section 12 (b) of the Act:
                                      None

          Securities registered pursuant to Section 12 (g) of the Act:
                           Common Shares, no par value

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 of 15(d) of the Securities and Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

Number of shares of Common Shares (No Par Value) of SENTEX SENSING TECHNOLOGY,
Inc., issued and outstanding as of the latest practicable date is 101,764,911









<PAGE>
                             SENTEX SENSING TECHNOLOGY, INC. AND SUBSIDIARIES
                                        CONSOLIDATED BALANCE SHEET
                                    NOVEMBER 30, 2001 AND MAY 31, 2002
<TABLE>
<CAPTION>

                                                                       NOVEMBER 30,               MAY 31,
                                                                          2001                     2002
                                                                        (AUDITED)               (UNAUDITED)
                                                                      -------------            -------------
<S>                                                                    <C>                      <C>
     ASSETS
     ------

CURRENT ASSETS
     Cash and cash equivalents                                         $      --                $   127,335
     Accounts receivable                                                    36,729                  185,479
     Inventory                                                                --                     62,358
     Current portion of notes receivable                                   106,414                  106,414
                                                                       -----------              -----------

     TOTAL CURRENT ASSETS                                                  143,143                  481,586

FIXED ASSETS
     Computer Equipment                                                      3,608                    3,608

OTHER ASSETS
     Goodwill                                                               36,042                   36,042
     Restricted stock investment                                           160,000                  160,000
     Note receivable - net of current portion                              274,902                  221,695
                                                                       -----------              -----------

TOTAL ASSETS                                                           $   617,695              $   902,931
                                                                       ===========              ===========

     LIABILITIES AND STOCKHOLDERS' EQUITY
     ------------------------------------

CURRENT LIABILITIES
     Notes payable:
         Bank                                                          $ 2,500,000              $ 2,500,000
         Related party                                                   2,439,519                3,120,781
     Accounts payable ($441,671.00 to related party)                       509,964                  462,843
     Accrued liabilities                                                   161,850                  162,642
     Consulting Contracts Payable                                           31,949                   21,249
     Convertible subordinated notes payable                                 12,423                   12,423
                                                                       -----------              -----------

     TOTAL CURRENT LIABILITIES                                           5,655,705                6,279,939

LONG TERM DEBT                                                                --                       --

STOCKHOLERS' EQUITY
     Common stock, no par value                                          2,867,579                2,867,579
         Authorized - 200,000,000 shares
         Issued - 109,460,911 shares
         Outstanding - 101,764,911 shares
     Accumulated deficit                                                (7,636,121)              (7,975,119)
     Treasury shares at cost, 7,696,000 shares                            (269,468)                (269,468)
                                                                       -----------              -----------

     TOTAL STOCKHOLDERS' EQUITY                                         (5,038,010)              (5,377,008)

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                        $   617,695              $   902,931
                                                                       ===========              ===========

</TABLE>

                 See Notes to Consolidated Financial Statements




                                       2

<PAGE>

<TABLE>
<CAPTION>

                                            SENTEX SENSING TECHNOLOGY, INC. AND SUBSIDIARIES
                                        CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE SIX MONTHS
                                             ENDED MAY 31, 2002 AND MAY 31, 2001 (UNAUDITED)

                                                               THREE MONTHS ENDED                      SIX MONTHS ENDED
                                                            MAY 31,           MAY 31,             MAY 31,           MAY 31,
                                                             2002               2001               2002              2001
                                                             ----               ----               ----              ----

<S>                                                          <C>                <C>              <C>                <C>
REVENUES
      Sales                                                  443,747            10,933           714,236            22,564
      Interest and other income                                4,940              --              22,036              --
                                                       -------------     -------------     -------------     -------------
           Total Revenues                                    448,687            10,933           736,272            22,564

COST OF GOODS SOLD                                           367,856              --             563,739              --
                                                       -------------     -------------     -------------     -------------

GROSS PROFIT                                                  80,831            10,933           172,533            22,564

OPERATING EXPENSES
      Administration                                         212,116           111,566           398,208           131,217
      Research and development                                  --                --                --                --
                                                       -------------     -------------     -------------     -------------

          Total expenses                                     212,116           111,566           398,208           131,217
                                                       -------------     -------------     -------------     -------------

LOSS FROM OPERATIONS                                        (131,285)         (100,633)         (225,676)         (108,653)

OTHER EXPENSE
      Interest Expense                                        50,034            76,109           113,322           172,939
                                                       -------------     -------------     -------------     -------------

LOSS FROM CONTINUING OPERATIONS BEFORE
      PROVISION FOR INCOME TAX EXPENSE                      (181,319)         (176,742)         (338,998)         (281,592)

PROVISION FOR INCOME TAX EXPENSE                                --                --                --                --
                                                       -------------     -------------     -------------     -------------

LOSS FROM CONTINUING OPERATIONS                             (181,319)         (176,742)         (338,998)         (281,592)

LOSS FROM DISCONTINUED OPERATIONS:

      Loss from operations of discontinued operations           --                --                --                --
                                                       -------------     -------------     -------------     -------------

NET LOSS                                               $    (181,319)    $    (176,742)    $    (338,998)    $    (281,592)
                                                       =============     =============     =============     =============

NET LOSS PER SHARE (BASIC AND DILUTED)                 $       (0.00)    $       (0.00)    $       (0.00)    $       (0.00)

WEIGHTED NUMBER OF SHARES OUTSTANDING                    101,764,911       101,764,911       101,764,911       101,764,911
</TABLE>


                 See Notes to Consolidated Financial Statements
















                                       3

<PAGE>

<TABLE>
<CAPTION>


                                     SENTEX SENSING TECHNOLOGY, INC. AND SUBSIDIARIES
                                  CONSOLIDATED STATEMENTS OF CASH FLOW FOR THE SIX MONTHS
                                      ENDED MAY 31, 2001 AND MAY 31, 2002 (UNAUDITED)

                                                                                           SIX MONTHS ENDED
                                                                                      MAY 31,           MAY 31,
                                                                                       2001               2002
                                                                                       ----               ----

<S>                                                                                 <C>                <C>
OPERATING ACTIVITIES:
       Net loss                                                                     $(281,592)         $(338,998)
       Adjustment to reconcile net (loss) income to net
            cash provided by (used in) operating
            activities:
            Depreciation, amortization and write down of intangible assets               --                 --
       Change in assets and liabilities:
            (Increase) decrease in:
                Accounts receivable                                                      --             (148,750)
                Inventories                                                              --              (62,358)
                Other assets                                                          (16,000)            53,207
            Increase (Decrease) in:
                Accounts payable                                                      (22,534)           (47,121)
                Accrued expenses and other current liabilities                        (80,562)            (9,907)
                Currency translation adjustment                                          --                 --
                                                                                    ---------          ---------

            TOTAL ADJUSTMENTS                                                        (119,096)          (214,929)
                                                                                    ---------          ---------

       NET CASH USED BY OPERATING ACTIVITIES                                         (400,688)          (553,927)

INVESTING ACTIVITIES:
       Proceeds on sale to Metrisa                                                       --                 --
       Acquisition of equipment and improvements                                         --                 --
                                                                                    ---------          ---------

       Net cash provided (used) by operating activities                                  --                 --

FINANCING ACTIVITIES:
       Net proceeds on note payable - bank                                               --                 --
       Net proceeds on note payable - related party                                   258,355            681,262
                                                                                    ---------          ---------

NET CASH PROVIDED BY FINANCING ACTIVITIES                                             258,355            681,262
                                                                                    ---------          ---------

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                 (142,333)           127,335

CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD                                       168,051               --
                                                                                    ---------          ---------

CASH AND CASH EQUIVALENTS - END OF PERIOD                                           $  25,718          $ 127,335
                                                                                    =========          =========
</TABLE>


                 See Notes to Consolidated Financial Statements





                                       4

<PAGE>








                SENTEX SENSING TECHNOLOGY, INC. AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(1) In the opinion of management, the unaudited financial statements contain all
adjustments (consisting of only normal recurring accruals and repayments)
necessary to present fairly the financial position at May 31, 2002 and the
results of operations and cash flows for the three months ended May 31, 2002 and
May 31, 2001.

These interim statements should be read in conjunction with the audited
financial statements and notes thereto included in the Company's Annual Report
on Form 10-KSB for the fiscal year ended November 30, 2001 (Commission File No.
2-13328)

(2) The results of operations for the three months ended May 31, 2002 and May
31, 2001 are not necessarily indicative of the results to be expected for the
full year.

(3) LOSS PER SHARE

Loss per share is calculated using the weighted average number of common shares
outstanding. Potentially dilutive securities are insignificant.

(4)  PRINCIPLES OF CONSOLIDATION

The consolidated financial statements include the accounts of Sentex Sensing
Technology, Inc. and its wholly-owned subsidiaries (the "Company"). All material
inter-company accounts and transactions have been eliminated in consolidation.

(5)  NOTE RECEIVABLE

Note receivable, in the original amount of $425,655 and having a balance of
$328,109 at May 31, 2002, consists of a single promissory note dated July 1,
2000, due from Metrisa (see Notes 1 and 4). Amounts due under the note bear
interest payable and due monthly at the prime rate. The note is payable in
forty-eight monthly installments of $8,868 plus interest that began July 1,
2001. The note is secured by certain assets of Metrisa and is subordinated to
Metrisa's senior debt. Metrisa is current on its interest and principal payments
to the Company and management of the Company estimates, at May 31, 2002, the
carrying value of the note approximates fair value. However, Metrisa has
recently experienced operating losses and liquidity problems. If such losses
continue or if Metrisa's liquidity does not improve, the estimate of fair value
of the note could significantly and materially change.

At May 31, 2002, principal payments due, based on the Company's fiscal year, are
as follows:

               2002      $ 53,206
               2003       106,414
               2004       106.414
               2005        62,075
                         --------
                         $328,109
                         ========







                                       5

<PAGE>




                SENTEX SENSING TECHNOLOGY, INC. AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(6)  RESTRICTED STOCK INVESTMENT

At May 31, 2002, the Company owns 160,000 shares of Metrisa, Inc. common stock
which represents approximately 11% (not including the effect of dilutive
securities) of the outstanding common stock of Metrisa. The unregistered stock
was received in a private transaction as partial consideration for the sale of
the net assets and operations of Monitek. The stock is subject to "Rule 144"
covering the purchase, resale and holding periods of "restricted securities."
Metrisa is subject to Section 15(d) reporting requirements of the Securities
Exchange Act of 1934, however, Metrisa's common stock is not quoted on a
securities exchange registered with the SEC or in the over-the-counter market.
There currently does not exist an active trading market for Metrisa's securities
and there are less than 350 holders of Metrisa's outstanding common stock at May
31, 2002.

The Company does not consider the stock to be "trading securities," as defined
under Statement of Financial Accounting Standards No. 115, "Accounting for
Certain Investments in Debt and Equity Securities." Due to limited or
non-existent trading activity, assessing current market values is difficult.
However, at November 30, 2001, management was able to obtain certain market
value information to assess the carrying value of its interest in Metrisa. The
$219,200 difference between the cost ($379,200) and estimated value ($160,000)
has been recognized as a realized loss on the statement of operations.

Metrisa was incorporated in Delaware and is a product development, manufacturing
and contract test services company which specializes in manufacturing
instruments and providing contract test services for measuring the properties of
a wide variety of materials, liquids and gases.
































                                       6
<PAGE>



                SENTEX SENSING TECHNOLOGY, INC. AND SUBSIDIARIES
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                            AND RESULTS OF OPERATIONS

On July 2, 2001, the Company purchased Regency Technologies, LLC from Regency
Steel, LLC and other members. Regency Technologies provides a computer
hardware/software competence, and is a system designer and builder of
processors, hard drives and network products. This range of expertise can
contribute to the computer/internet requirements that will increasingly be
necessary to compete in the energy market. In connection with the acquisition,
the Company issued 1,250,000 Common Shares out of its Treasury, to the five
owners of Regency Technologies, LLC in a private offering. In addition, Regency
Technologies liquidates and resells used computer hardware and other capital
equipment via the internet and through direct customer contact. The Company also
announced that it had entered into a joint venture arrangement with
International Power Machinery Corporation, an 83 year old company that has been
furnishing power generation equipment to major industrial users, utilities,
independent power producers, co-ops and governmental entities around the world.
Traditionally, International Power Machinery sold and traded power equipment to
this customer base.

FINANCIAL CONDITION

Working Capital and Liquidity

During the last several fiscal years, the Company has incurred losses from
operations. In addition, the Company's certified public accountants, Hausser +
Taylor LLP, have included in their auditors' report, which covers the Company's
financial statements for the years ended November 30, 2000 and November 30,
2001, a statement that the Company's recurring losses from operations raised
substantial doubt about the Company's ability to continue as a going concern.
Subsequently, for fiscal 2001, the Company sustained losses of approximately
$870,000. These losses have had a substantial adverse effect on the working
capital of the Company.

To address the Company's working capital needs, the Company, In July 1998,
established a bank line of credit of $2,000,000, and in August 2001, in
connection with a refinancing, an additional $500,000 was provided, all of which
is secured by the personal guarantee of Robert S. Kendall, the Chairman of the
Company. From time to time, CPS has provided the Company with temporary working
capital loans and as of May 31, 2002, there was an outstanding borrowing of
$3,120,781 on those loans.

Without the continued financial support from CPS or Mr. Kendall, the Company
would not generate sufficient cash in the next 12 months to meet its working
capital needs.

Net Operating Losses:  IC-DISC

The Company has approximately $14,131,000 in net operating losses as of May 31,
2002, which will expire at various dates through the year 2021 that are mainly
attributable to losses incurred by Monitek. Federal tax law imposes restrictions
on the use of net operating loss carry-forwards in the event of a change in
ownership, such as a merger. Due to the merger with Monitek, approximately
$6,265,000 of the $14,131,000 net operating losses may be subject to these
limitations and potentially may not be able to provide any economic benefit to
the Company.








                                       7

<PAGE>



                SENTEX SENSING TECHNOLOGY, INC. AND SUBSIDIARIES
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                      AND RESULTS OF OPERATIONS (continued)

RESULTS OF OPERATIONS

Six Months ended May 31, 2002 Compared to Six Months Ended May 31, 2001

The first and second quarter for both years 2002 and 2001 are not comparable due
to the fact that operations of Regency Technologies, LLC are included for 2002.

Revenues amounted to $736,272 of which $642,176 is attributable to the trading
function. Trading is expected to show significant growth in subsequent reporting
periods. Essentially the trading operations came from the sale of used computer
equipment, mainly laptops. The incremental growth of the business plan should be
relatively linear in each of the remaining quarters of 2002.

Operating expenses of $398,208 were high in comparison to sales primarily due to
the investment in start-up costs for the trading segment, together with
continuing expenses for interest on debt obligations and professional fees.

The loss for the six month period was $338,998.

As we head into the third fiscal quarter, we are continuing to remake the
Company to be able to provide technology equipment and services under contract
relationships with major clients. We have ramped up our staff to be able to deal
with larger volumes, and this will result in higher costs initially, but
acceleration in our growth as we move forward.

The Company is becoming a participant in the asset management segment of the
technology industry. While still very small, our second quarter sales increased
by more than 50% over the first quarter in a very soft market, and we continue
to anticipate significant growth in the third and fourth quarters, and beyond.

The Company's goal is to be profitable for this fiscal year and to build value
for shareholders as we move ahead with our game plan.

CHANGES IN ACCOUNTING STANDARDS

New Authoritative Pronouncements - In June 1998, SFAS No. 133, "Accounting for
Derivative Instruments and Hedging Activities," was issued. SFAS No. 133
establishes accounting and reporting standards for derivative instruments and
hedging activities. SFAS No. 133, as amended, was effective for fiscal years
beginning after June 15, 2000. On December 1, 2000, the Company adopted the
provision of Staff Accounting Bulletin No. 101, "Revenue Recognition in
Financial Statements" ("SAB 101"). The adoptions of SFAS No. 133 and SAB 101 did
not have material effects on the financial position or results of operations of
the Company.



















                                       8
<PAGE>



                SENTEX SENSING TECHNOLOGY, INC. AND SUBSIDIARIES
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                      AND RESULTS OF OPERATIONS (continued)

In June 2001, the Financial Accounting Standards Board ("FASB") issued SFAS No.
141, "Business Combinations." SFAS No. 141 requires the purchase method of
accounting for business combinations initiated after June 30, 2001 and
eliminates the pooling-of-interest method and further clarifies the criteria to
recognize intangible assets separately from goodwill. In June 2001, FASB issued
SFAS No. 142, "Goodwill and Other Intangible Assets." Under SFAS No. 142,
goodwill and intangible assets deemed to have indefinite lives will no longer be
amortized but will be subject to periodic impairment tests. Other intangible
assets will continue to be amortized over their useful lives. SFAS No 142 is
effective for fiscal years beginning after December 15, 2001. In June 2001, FASB
issued SFAS No. 143, "Accounting for Asset Retirement Obligations," which is
effective the first quarter of fiscal year 2003. SFAS No. 143 addresses
financial accounting and reporting for obligations associated with the
retirement of long-lived assets and the associated asset retirement cost. In
August 2001, FASB issued SFAS No. 144, "Accounting for the Impairment or
Disposal of Long-Lived Assets," which is effective the first quarter of fiscal
year 2003. SFAS No. 144 modifies and expands the financial accounting and
reporting for the impairment or disposal of Long-lived assets other than
goodwill. The Company does not believe that the adoption of these four SFAS will
have a significant impact on its financial position or results of operations.






































                                       9
<PAGE>



CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOUR" OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995.

Certain statements in the Management's Discussion and Analysis of Financial
Condition and Results of Operations and the Financial Statements included in
this Annual Report on Form 10-KSB, in the Company's press releases and in oral
statements made by or with the approval of an authorized executive officer of
the Company constitute "forward-looking statements" as that term is defined
under the Private Securities Litigation Reform Act of 1995. These may include
statements projecting, forecasting or estimating Company performance and
industry trends. The achievement of the projections, forecasts or estimates is
subject to certain risks and uncertainties. Actual results and events may differ
materially from those projected, forecasted or estimated. The applicable risks
and uncertainties include general economic and industry conditions that affect
all business, as well as matters that are specific to the Company and the
markets it serves.

Specific risks to the Company include an inability of the Company to finance its
working capital needs. In light of this and other uncertainties, the inclusion
of a forward-looking statement herein should not be regarded as a representation
by the Company that the Company's plans and objectives will be achieved.

                                    SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized:

Date:  July 12, 2002                 SENTEX SENSING TECHNOLOGY, INC.

                              By:    /s/ Robert S. Kendall
                                     ---------------------
                                     Robert S. Kendall, Chief Executive Officer

                                     /s/ Julius L. Hess
                                     ------------------
                                     Julius L. Hess, Director

                                     /s/ William R. Sprow
                                     --------------------
                                     William R. Sprow, Chief Financial Officer























                                       10