SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  FORM 10-QSB/A


 Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act
            of 1934 for the Quarterly Period Ended September 30, 2001


                         Commission File Number 0-25853

                             SCIENTIFIC ENERGY, INC.

        (Exact name of small business issuer as specified in its charter)


                   Nevada                                     87-0570975
       (State or other jurisdiction of                     (I.R.S. Employer
       Incorporation or organization)                     Identification No.)


                  630 North 400 West                            84103
                Salt Lake City, Utah
    (Address of principal executive offices)                  (Zip Code)


                                 (801) 359-2410

                           (Issuer's telephone number)


          Quazon Corp., 135 West 900 South, Salt Lake City, Utah 84101

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



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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest  practicable date. As of September 30, 2001, issuer had
27,000,000 shares of issued and outstanding common stock, par value $0.001.

Transitional Small Business Disclosure Format:  Yes [ ]  No [x]




<PAGE>



                         PART I - FINANCIAL INFORMATION


                          Item 1. Financial Statements


                         INDEPENDENT ACCOUNTANT'S REPORT


Scientific Energy, Inc. (Formerly Quazon Corp.)
(A Development Stage Company)


           We have  reviewed  the  accompanying  consolidated  balance  sheet of
Scientific Energy, Inc. (Formerly Quazon Corp.) (a development stage company) as
of September 30, 2001, and the related consolidated statements of operations and
cash flows for the period from May 30,  2001(Inception)  to September  30, 2001.
These financial statements are the responsibility of the Company's management.

           We conducted our review in accordance  with standards  established by
the  American  Institute of Certified  Public  Accountants.  A review of interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the expression of an opinion regarding the financial statement taken as a whole.
Accordingly, we do not express such an opinion.

           Based on our review,  we are not aware of any material  modifications
that should be made to the accompanying  consolidated  financial  statements for
them to be in conformity with accounting  principles  generally  accepted in the
United States of America.

                                                  Respectfully submitted



                                                  /s/ ROBISON, HILL & CO.
                                                  Certified Public Accountants

Salt Lake City, Utah
November 12, 2001











<PAGE>

                 SCIENTIFIC ENERGY, INC. (FORMERLY QUAZON CORP.)
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEET



                                                                   September 30,
                                                                        2001
                                                                      ---------
ASSETS
Current Assets:
Cash & Cash Equivalents                                               $     622
Prepaid Expenses                                                         43,475
                                                                      ---------

     Total Current Assets                                                44,097
                                                                      ---------

Other Assets:
Intangibles                                                             250,040


     Total Assets                                                     $ 294,137
                                                                      =========

LIABILITIES
Current Liabilities:
Accounts Payable                                                      $  46,482
Accrued Payroll Liabilities                                               4,432
Note Payable Shareholder                                                103,905
                                                                      ---------

     Total Current Liabilities                                          154,819
                                                                      ---------

STOCKHOLDERS' EQUITY
  Common Stock, Par value $.001
    Authorized 100,000,000 shares,
    Issued 27,000,000 Shares
     at September 30, 2001                                               27,000
  Paid-In Capital                                                       223,472
  Deficit Accumulated During the
    Development Stage, Since May 30, 2001                              (111,154)
                                                                      ---------

     Total Stockholders' Equity                                         139,318
                                                                      ---------

     Total Liabilities and
       Stockholders' Equity                                           $ 294,137
                                                                      =========






                 See accompanying notes and accountants' report.


<PAGE>


                 SCIENTIFIC ENERGY, INC. (FORMERLY QUAZON CORP.)
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                                                                     Cumulative
                                                                                                       since
                                                                                                      May 30,
                                                                           For the Period               2001
                                                     For the Three            May 30, 2001           Inception
                                                     Months Ended                  to                    of
                                                     September 30,           September 30,          Development
                                                         2001                   2001                   Stage
                                                 ---------------------  ---------------------   --------------------
<S>                                               <C>                   <C>                     <C>
Revenues:                                         $                  -  $                   -   $                  -
                                                 ---------------------  ---------------------   --------------------

Expenses:
Research & Development                                          29,201                 29,201                 29,201
General & Administrative                                        18,398                 80,752                 80,752
                                                 ---------------------  ---------------------   --------------------

     Loss from Operations                                      (47,599)              (109,953)              (109,953)

Other Income (Expense)
Interest, Net                                                   (1,119)                (1,201)                (1,201)
                                                 ---------------------  ---------------------   --------------------

     Net Loss                                         $        (48,718) $            (111,154)  $           (111,154)
                                                 =====================  =====================   ====================

Basic & Diluted Loss
Per Share                                        $                   -  $                   -
                                                 =====================  =====================
</TABLE>

















                 See accompanying notes and accountants' report.



<PAGE>


                 SCIENTIFIC ENERGY, INC. (FORMERLY QUAZON CORP.)
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                               Cumulative
                                                                                                  since
                                                                      For the Period             May 30,
                                                                       May 30, 2001               2001
                                                                            to                Inception of
                                                                       September 30,           Development
                                                                           2001                   Stage
                                                                   ---------------------  ---------------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
<S>                                                                <C>                    <C>
Net Loss                                                           $            (111,154) $            (111,154)
(Increase) Decrease in Prepaid Expenses                                          (43,475)               (43,475)
Increase (Decrease) in Accounts Payable                                           50,914                 50,914
Increase (Decrease) in Bank Overdraft                                                  -                      -
Increase (Decrease) in Accrued Interest                                              932                    932
                                                                   ---------------------  ---------------------
  Net Cash Used in operating activities                                         (102,783)              (102,783)
                                                                   ---------------------  ---------------------

CASH FLOWS FROM INVESTING
ACTIVITIES:
Net cash provided by investing activities                                              -                      -
                                                                   ---------------------  ---------------------

CASH FLOWS FROM FINANCING
ACTIVITIES:
Cash Acquired in Merger                                                              432                    432
Note Payable Shareholder                                                         102,973                102,973
                                                                   ---------------------  ---------------------
  Net Cash Provided by Financing Activities                                      103,405                103,405
                                                                   ---------------------  ---------------------

Net (Decrease) Increase in
  Cash and Cash Equivalents                                                          622                    622
Cash and Cash Equivalents
  at Beginning of Period                                                               -                      -
                                                                   ---------------------  ---------------------
Cash and Cash Equivalents
  at End of Period                                                 $                 622  $                 622
                                                                   =====================  =====================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
  Interest                                                         $                 268  $                 268
  Income taxes                                                     $                   -  $                   -

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND
FINANCING ACTIVITIES:
Common Stock Exchanged for Technology                                            250,040                250,040
</TABLE>
                 See accompanying notes and accountants' report.



<PAGE>


                 SCIENTIFIC ENERGY, INC. (FORMERLY QUAZON CORP.)
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
       FOR THE PERIOD FROM MAY 30, 2001 (INCEPTION) TO SEPTEMBER 30, 2001


NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

           This summary of  accounting  policies  for  Scientific  Energy,  Inc.
(Formerly Quazon Corp.) (a development  stage company) is presented to assist in
understanding  the  Company's  financial  statements.  The  accounting  policies
conform to generally accepted  accounting  principles and have been consistently
applied in the preparation of the financial statements.

Interim Reporting

           The unaudited  financial  statements as of September 30, 2001, in the
opinion of management,  all  adjustments  (which  include only normal  recurring
adjustments)  necessary  to fairly state the  financial  position and results of
operations for the nine months.  Operating  results for interim  periods are not
necessarily indicative of the results which can be expected for full years.

Organization and Basis of Presentation

           The Company was originally  incorporated  under the laws of the State
of Utah on May 30,  2001,  under  the  name of  Scientific  Energy,  Inc.  As of
December 31,  2001,  the Company is in the  development  stage and has not begun
planned principal operations.

Acquisition of Subsidiary

           On June 6, 2001,  Scientific Energy,  Inc and Quazon,  Corp (A Nevada
Corporation)  entered into an agreement and plan of reorganization.  Pursuant to
the agreement,  Scientific  Energy,  Inc acquired  20,000,000 shares of Quazon's
shares in exchange for 100% of the issued and  outstanding  shares of Scientific
Energy.

Principles of Consolidation

     The consolidated  financial  statements  include the accounts of Scientific
Energy, Inc. (formerly Quazon,  Corp.) a Nevada corporation and its wholly-owned
subsidiary Scientific Energy, Inc., a Utah corporation.

           The results of subsidiaries acquired during the year are consolidated
from their effective dates of acquisition.

           All significant  inter-company  accounts and  transactions  have been
eliminated.










<PAGE>



                 SCIENTIFIC ENERGY, INC. (FORMERLY QUAZON CORP.)
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
       FOR THE PERIOD FROM MAY 30, 2001 (INCEPTION) TO SEPTEMBER 30, 2001
                                   (Continued)

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

Nature of Business

            The Company  develops  small  electricity  generation  devices to be
incorporated into existing portable electronic devices including portable laptop
computers,  handheld devices, cellular phones, and a variety of other electronic
devices. In addition, the Company is developing technology that will assist both
industrial  concerns and consumers in a variety of applications to significantly
reduce energy consumption.

Cash and Cash Equivalents

           For purposes of the  statement of cash flows,  the Company  considers
all highly liquid debt instruments  purchased with a maturity of three months or
less to be cash  equivalents  to the  extent  the funds  are not being  held for
investment purposes.

Pervasiveness of Estimates

           The preparation of financial  statements in conformity with generally
accepted  accounting  principles  required  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.

Loss per Share

           The  reconciliations  of the numerators and denominators of the basic
loss per share computations are as follows:

                                                                      Per-Share
                                            Income       Shares        Amount
                                            ------       ------        ------
                                          (Numerator) (Denominator)

       For the Period from May 30, 2001 (inception) to September 30, 2001
       ------------------------------------------------------------------
Basic Loss per Share
Loss to common shareholders              $ (111,154)   26,580,000   $     --
                                          ==========   ==========   ==========




<PAGE>

                 SCIENTIFIC ENERGY, INC. (FORMERLY QUAZON CORP.)
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
       FOR THE PERIOD FROM MAY 30, 2001 (INCEPTION) TO SEPTEMBER 30, 2001
                                   (Continued)

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

Concentration of Credit Risk

           The Company has no significant  off-balance-sheet  concentrations  of
credit  risk such as foreign  exchange  contracts,  options  contracts  or other
foreign hedging arrangements.

NOTE 2 - INCOME TAXES

           As of  September  30,  2001,  the  Company had a net  operating  loss
carryforward for income tax reporting  purposes of  approximately  $111,000 that
may be offset against future taxable income through 2021. Current tax laws limit
the amount of loss  available to be offset  against future taxable income when a
substantial  change in  ownership  occurs.  Therefore,  the amount  available to
offset future taxable income may be limited. No tax benefit has been reported in
the financial statements, because the Company believes there is a 50% or greater
chance the  carry-forwards  will expire unused.  Accordingly,  the potential tax
benefits of the loss  carry-forwards are offset by a valuation  allowance of the
same amount.

NOTE 3 - DEVELOPMENT STAGE COMPANY

           The Company has not begun principal  operations and as is common with
a development  stage  company,  the Company has had recurring  losses during its
development  stage.  The  Company's  financial  statements  are  prepared  using
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 does not have significant cash
or other material  assets,  nor does it have an  established  source of revenues
sufficient to cover its  operating  costs and to allow it to continue as a going
concern.  In the interim,  shareholders of the Company have committed to meeting
its minimal operating expenses.

NOTE 4 - COMMITMENTS

           As of  September  30, 2001 all  activities  of the Company  have been
conducted by corporate  officers from their business offices.  Currently,  there
are no outstanding debts owed by the company for the use of these facilities and
there are no commitments for future use of the facilities.

           The Company leases office space for a research lab in New Mexico. The
lease is month to month with payments of $2,000 per month.







<PAGE>


                 SCIENTIFIC ENERGY, INC. (FORMERLY QUAZON CORP.)
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
       FOR THE PERIOD FROM MAY 30, 2001 (INCEPTION) TO SEPTEMBER 30, 2001
                                   (Continued)

NOTE 5 - EMPLOYMENT CONTRACTS / ROYALTY AGREEMENT

           The Company signed a royalty agreement and employment  contracts with
Paul  Thomas,  Daryl  Conley,  David  Sanders and Otis H.  Sanders.  The royalty
agreement  provides for a royalty of 5% of the gross  manufacturing  cost of the
product invented by such inventor.  Payment of royalties is due on or before the
30th day after each calendar  quarter for the previous  quarter's  manufacturing
costs.  The  royalty   agreement  also  provides  for  advances  against  future
royalties.  The  annual  salaries  and  royalty  advances  resulting  from these
agreements for each of these individuals are as follows:


                                                      Annual             Annual
                     Name                            Salaries           Advances
---------------------------------------------------  ---------------------------

Paul Thomas                                          $ 8,000             $15,996
Daryl Conley                                         $14,000             $27,996
David Sanders                                        $ 8,000             $15,996
Otis H. Sanders                                      $20,000             $39,966
                                                     -------             -------

     Total                                           $50,000             $99,954
                                                     =======             =======

NOTE 6- INTANGIBLE ASSETS

           On May 30, 2001, the Company  acquired  intangible  assets  including
technology,  trade secrets,  and patent  applications for design and process and
potential  patents on either design or process on their  technology of $250,040.
This technology consists of energy cell technology that is believed to provide a
reliable energy source that can be used in portable  electronic devices and will
increase the life of existing batteries significantly.

NOTE 7 - LINE OF CREDIT / NOTE PAYABLE - SHAREHOLDER

           On August15, 2001, the president of the Company has given the Company
an  unsecured  line of credit for up to $350,000.  The Line carries  interest at
Prime. As of September 30, 2001 the Company has borrowed  $103,905  against this
line of  credit  and has  been  reported  along  with  accrued  interest  in the
accompanying financial statements as "Note Payable Shareholder".




<PAGE>



        ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

           The  following  information  should be read in  conjunction  with the
consolidated  financial statements and notes thereto appearing elsewhere in this
Form 10-QSB/A

Introduction

           Scientific  Energy,  Inc.  (formerly  known  as  Quazon  Corp.)  (the
"Company")  is a  development  stage  company  that has not  engaged in material
operations  or realized  revenues for several  years.  An officer of the Company
has, in the past, advanced funds for payment of certain expenses incurred by the
Company. A portion of these advances has been subject to a note payable, and the
Company has issued shares of Company common stock for other advances.

           For the  immediate  future,  necessary  funds,  including  funds  for
expenses  related to the Company's  reporting  obligations  under the Securities
Exchange Act of 1934, will be provided by Todd Crosland, president, director and
principal  stockholder of the Company,  under a $350,000 loan  agreement.  As of
September 30, 2001, the Company owes $103,905 on this note. Until the Company is
able to generate revenues or is able to obtain  significant  outside  financing,
there is substantial doubt about its ability to continue as a going concern.

           At  September  30,  2001,  the Company had total  assets of $294,137,
consisting  primarily of technology of $250,040.  The technology was acquired by
the Company as part of a plan of reorganization with Scientific Energy,  Inc., a
Utah Corporation  ("Scientific").  Pursuant to the agreement, the Company issued
20,000,000  shares in exchange for 100% of the issued and outstanding  shares of
Scientific. The technology is the sole asset of Scientific. Total liabilities at
September 30, 2001,  were $154,819,  consisting of accounts  payable and accrued
expenses of $50,914 and note payable shareholder of $103,905.

Results of Operations

           For the period from May 30, 2001  (inception)  to September 30, 2001,
general and  administrative  expenses were $80,752 and research and  development
expenses were  $29,201.  General and  administrative  expenses are primarily for
legal and accounting services.

           The Company  does not  anticipate  any material  revenues  during the
succeeding 12 months.  During this interim period, the Company  anticipates that
its expenses will be stable.

           In the opinion of  management,  inflation has not and will not have a
material effect on the operations of the Company.

Plan of Operation

           As of September 30, 2001,  the president of the Company has agreed to
loan to the  Company  up to  $350,000.  The loan is  repayable  on  demand  with
interest  at prime rate.  As of  September  30,  2001 the  Company has  borrowed
$103,905  against this line of credit and has been  reported  along with accrued
interest in the accompanying financial statements as "Note Payable Shareholder".
The Company estimates that this loan agreement will provide  sufficient cash for
its  operating  needs for  general and  administrative  expenses,  research  and
development,  minimum  royalty  payments and  marketing  efforts for the next 12
months.



<PAGE>



           Because the Company lacks funds, it may be necessary for the officers
and  directors  either to advance  additional  funds to the Company or to accrue
expenses  until such time as  revenues  are  generated  sufficient  to cover the
expenses of the Company. Management intends to hold expenses to a minimum and to
obtain  services on a contingency  basis when possible.  Further,  the Company's
directors will defer any compensation  until such time as revenues are generated
sufficient to cover the expenses of the Company. However, if the Company engages
outside  advisors or consultants in its  development of the business,  it may be
necessary for the Company to attempt to raise  additional  funds. As of the date
hereof,  the Company has not made any  arrangements or definitive  agreements to
use outside advisors or consultants or to raise any capital.

           In the event the Company needs  additional  capital,  most likely the
only method available will be the private sale of its securities. Because of the
nature of the Company as a  development  stage  company,  it is unlikely that it
could make a public sale of securities or be able to borrow any  significant sum
from either a commercial or private  lender.  There can be no assurance that the
Company will be able to obtain  additional  funding when and if needed,  or that
such funding, if available, can be obtained on terms acceptable to the Company.

           The  Company  does  not  expect  to  purchase  or sell  any  plant or
significant  equipment and does not expect significant  changes in the number of
employees in the next 12 months.

Net Operating Loss

           As of  September  30,  2001,  the  Company had a net  operating  loss
carry-forward for income tax reporting  purposes of approximately  $111,000 that
may be offset against future taxable income through 2021. Current tax laws limit
the amount of loss  available to be offset  against future taxable income when a
substantial  change in  ownership  occurs.  Therefore,  the amount  available to
offset future taxable income may be limited. No tax benefit has been reported in
the financial statements, because the Company believes there is a 50% or greater
chance the  carry-forwards  will expire unused.  Accordingly,  the potential tax
benefits of the loss  carry-forwards are offset by a valuation  allowance of the
same amount.

Forward-Looking Information

           This report includes forward-looking statements because we believe it
may  be  helpful  to  investors  to  communicate  our  plans  and  expectations.
Forward-looking  statements  about  what may  happen in the  future are based on
management's  beliefs,   assumptions  and  plans  for  the  future,  information
currently available to management,  and other statements that are not historical
in nature.  Forward-looking statements include statements in which words such as
"expect,"  "anticipate,"  "intend," "plan," "believe,"  estimate," "consider" or
similar  expressions  are  used.  These   forward-looking   statements  are  not
guarantees  of  future   performance  and  involve  risks,   uncertainties   and
assumptions, including among others:

     *    We may not be able to develop  commercially  viable  products based on
          our technologies.

     *    We have not obtained any third-party  independent  verification of our
          test results or of the efficacy of our product designs.

     *    We cannot assure that our  intellectual  properties do not infringe on
          the intellectual properties of others.

     *    We  may  not  be  able  to  prevent  others  from  infringing  on  our
          intellectual properties.

     *    We may not be able to obtain required additional capital.

     *    Our  technologies  may not  lead to  commercial  products  that can be
          manufactured  readily  or  economically  in large  numbers  that  will
          operate efficiently or economically.

     *    We may not be able to market any products we develop.


<PAGE>




      Although we believe our plans and  expectations  stated,  reflected  in or
suggested by our forward- looking statements are reasonable,  our future results
and  stockholder  values may differ  materially  from those  expressed  in these
forward-looking  statements.  Many of the  factors  that  will  determine  these
results  and  values  are beyond  our  ability  to  control  or  predict.  These
statements  reflect  management's  current  view of our  future  events  and are
subject to  certain  risks,  uncertainties,  assumptions  and risks.  Any of the
factors noted above or elsewhere in this document, as well as in other materials
filed with the Securities and Exchange  Commission,  should be considered before
any investor  decides to purchase or retain any of our  securities.  Any of such
factors  could have a material  adverse  effect on our  business  and  financial
condition and prospects,  results of operations and trading price for our common
stock.

      Our forward-looking statements speak only as of the date they are made and
should not be relied upon as representing  our plans and  expectations as of any
subsequent  date.  We  do  not  undertake  to  update,  correct  or  revise  any
forward-looking  statements, even if our plans and expectations change. However,
from time to time,  we may  voluntarily  update,  correct or revise our previous
forward- looking statements.





<PAGE>



                           PART II--OTHER INFORMATION


                            ITEM 1. LEGAL PROCEEDINGS

      There are  presently no material  pending legal  proceedings  to which the
Company or any of its subsidiaries is a party or to which any of its property is
subject and, to the best of its knowledge,  no such actions  against the Company
are contemplated or threatened.


                ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

      None.

                     ITEM 3. DEFAULTS UPON SENIOR SECURITIES

      None.

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

      None.

                            ITEM 5. OTHER INFORMATION

      None.














<PAGE>



ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

      (a)  Exhibits:
           --------
<TABLE>
<CAPTION>
               SEC
Exhibit     Reference
Number       Number                                Title of Document                                       Location

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

<S>        <C>        <C>                                                                            <C>
Item 2.               Plan of Acquisition, Reorganization, Arrangement, Liquidation or
                      Succession

           2.01 2     Agreement and Plan of Reorganization among Quazon Corp.,                       Incorporated by
                      Scientific Energy, Inc., and the stockholders of Scientific Energy, Inc.       reference(1)
                      dated June 6, 2001


Item 3 3              Articles of Incorporation and Bylaws

---------  ---------  ------------------------------------------------------------------------------ -----------------------
           3.01 3     Amendment to Articles of Incorporation to change the name of the               Incorporated by
                      Company to Scientific Energy, Inc.                                             reference(2)

Item 10.              Material Contracts

---------  ---------  ------------------------------------------------------------------------------ -----------------------
          10.01 10    Royalty Agreement dated May 31, 2001, by and between Otis H.                   Incorporated by
                      Sanders, David Sanders, Daryl Conley, Paul Thomas and Scientific               reference(2)
                      Energy, Inc.

          10.02 10    Form of Employment Agreement dated May 31, 2001, by and                        Incorporated by
                      between Scientific Energy, Inc. and related schedule of employees              reference(2)
                      and compensation

          10.03 10    Loan Agreement dated as of June 15, 2001, between Scientific                   Incorporated by
                      Energy, Inc. and Todd B. Crosland with related form of Promissory              reference(2)
                      Note
</TABLE>

(1)  Incorporated  by  reference  from the current  report on Form 8-K,  June 6,
     2001.
(2)  Incorporated by reference from the Form 10-QSB, June 30, 2001.

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


<PAGE>

                                   SIGNATURES

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

                             SCIENTIFIC ENERGY, INC.


Date: May 3, 2002                   By  /S/
                                           Todd B. Crosland
                                           President and Chief Financial Officer