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

                                   Form 10-QSB

(Mark One)
[X]    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934
                 For the quarterly period ended:        September 30, 2002
                  ---------------------------------------------------------

[  ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
                For the transition period from                   to
                                          -------------    -----------------

                 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              (IRS Employer Identification No.)
  incorporation or organization)

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

                                 (801) 359-2410
                            Issuer's telephone number


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

                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares  outstanding of each of the issuer's  classes of
common equity,  as of the latest practical date:  September 30, 2002 42,200,0000
                                                  ------------------------------

Transitional Small Business Disclosure Format (check one). Yes      ;  No   X
                                                               ----       -----












<PAGE>



                         PART I - FINANCIAL INFORMATION


Item 1.  Financial Statements


                         INDEPENDENT ACCOUNTANT'S REPORT


Scientific Energy, Inc.
(A Development Stage Company)


     We have reviewed the accompanying  consolidated balance sheet of Scientific
Energy,  Inc. as of September  30, 2002 and  December 31, 2001,  and the related
consolidated  statements  of  operations  for the  three and nine  months  ended
September  30,  2002 and 2001 and  statements  of cash flows for the nine months
ended  September  30,  2002  and  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 generally accepted accounting principles.

                             Respectfully submitted



                           /s/ Robison, Hill & Co.
                          Certified Public Accountants

Salt Lake City, Utah
November 12, 2002








<PAGE>



                             SCIENTIFIC ENERGY, INC.
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEET
                           --------------------------
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                                               September 30,        December 31,
                                                                                    2002                2001
                                                                             ------------------  ------------------
ASSETS
Current Assets:
<S>                                                                          <C>                  <C>
Cash & Cash Equivalents                                                      $                -   $              10
Prepaid Expenses                                                                              -              64,306
                                                                             ------------------  ------------------

     Total Current Assets                                                                     -              64,316
                                                                             ------------------  ------------------

Other Assets:
Intangibles                                                                              50,000             250,040
                                                                             ------------------  ------------------

     Total Assets                                                            $           50,000  $          314,356
                                                                             ==================  ==================

LIABILITIES
Current Liabilities:
Accounts Payable                                                                         43,243              31,692
Overdraft                                                                                    88                   -
Accrued Payroll Liabilities                                                                   -               4,085
Note Payable - Shareholder                                                               59,424             196,879
                                                                             ------------------  ------------------

     Total Liabilities                                                                  102,755             232,656
                                                                             ------------------  ------------------

STOCKHOLDERS' EQUITY
Common Stock, Par Value $.001,
   Authorized 100,000,000 shares
   Issued 42,200,000 Shares at September 30, 2002 and
   27,000,000 Shares at December 31, 2001                                                42,200              27,000
Paid-In Capital                                                                         588,272             223,472
Deficit Accumulated During the
   Development Stage                                                                   (683,227)           (168,772)
                                                                             ------------------  ------------------

     Total Stockholders' Equity                                                         (52,755)             81,700
                                                                             ------------------  ------------------

     Total Liabilities and Stockholders' Equity                              $           50,000  $          314,356
                                                                             ==================  ==================

</TABLE>





                 See accompanying notes and accountants' report.


<PAGE>



                             SCIENTIFIC ENERGY, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      -------------------------------------
                                   (Unaudited)




<TABLE>
<CAPTION>
                                                                                                               Cumulative
                                                                                                                 since
                                                                                                                May 30,
                                                                                           For the Period         2001
                                                                         For the Nine       May 30,2001        Inception
                                      For the Three Months Ended         Months Ended            to                of
                                             September 30,               September 30,     September 30,      Development
                                        2002               2001              2002               2001             Stage
                                 ------------------ ------------------ ----------------- ------------------ ----------------
<S>                              <C>                 <C>                 <C>                <C>              <C>
Revenues:                        $               -   $              -    $            -     $            -   $            -
                                 ------------------ ------------------ ----------------- ------------------ ----------------

Expenses:
Research & Development                            -             29,201            13,116             29,201           67,952
General & Administrative                      5,237             18,398           196,450             80,752          306,554
                                 ------------------ ------------------ ----------------- ------------------ ----------------

     Loss from Operations                    (5,237)           (47,599)         (209,566)          (109,953)        (374,506)

Other Income (Expense)
Interest, Net                                (2,228)            (1,119)           (9,138)            (1,201)         (12,970)
Write-down of Technology
    and Royalties                                 -                  -          (295,751)                 -         (295,751)
                                 ------------------ ------------------ ----------------- ------------------ ----------------

     Net Loss                    $           (7,465)$          (48,718)$        (514,455)$         (111,154)$       (683,227)
                                 ================== ================== ================= ================== ================

Basic & Diluted Loss
Per Share                        $                -  $               - $          (0.01) $                -
                                 ================== ================== ================= ==================


</TABLE>











                 See accompanying notes and accountants' report.


<PAGE>



                             SCIENTIFIC ENERGY, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                      -------------------------------------
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                                     Cumulative
                                                                                                       since
                                                                               For the Period         May 30,
                                                            For the Nine        May 30, 2001            2001
                                                            Months Ended             to             Inception of
                                                            September 30,      September 30,        Development
                                                                2002                2001               Stage
                                                          -----------------  ------------------  ------------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
<S>                                                       <C>                <C>                 <C>
Net Loss                                                  $        (514,455) $         (111,154) $         (683,227)

Adjustments to Reconcile Net Loss to Net
Cash Used in Operating Activities:
Write-down of Technology and Royalties                              295,751                   -             295,751
Stock Issued for Expenses                                           130,000                   -             130,000

Change in operating assets and liabilities:
(Increase) Decrease in Prepaid Expenses                             (31,404)            (43,475)            (95,710)
Increase (Decrease) in Accounts Payable                              11,551              50,914              43,243
Increase (Decrease) in Bank Overdraft                                    88                   -                  88
Increase (Decrease) in Accrued Expenses                               1,074                 932               5,159
                                                          -----------------  ------------------  ------------------
  Net Cash Used in operating activities                            (107,395)           (102,783)           (304,696)
                                                          -----------------  ------------------  ------------------

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

CASH FLOWS FROM FINANCING
ACTIVITIES:
Cash acquired in Merger                                                   -                 432                 432
Payment on Shareholder Loan                                          (1,400)                  -              (1,400)
Proceeds from Shareholder Loan                                      108,785             102,973             305,664
                                                          -----------------  ------------------  ------------------
  Net Cash Provided by Financing Activities                         107,385             103,405             304,696
                                                          -----------------  ------------------  ------------------

Net (Decrease) Increase in Cash
       and Cash Equivalents                                             (10)                622                   -
Cash and Cash Equivalents at
       Beginning Period                                                  10                   -                   -
                                                          -----------------  ------------------  ------------------

  Cash and Cash Equivalents at End of Period              $               -  $              622  $                -
                                                          =================  ==================  ==================
</TABLE>

                             SCIENTIFIC ENERGY, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                      -------------------------------------
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                                                     Cumulative
                                                                                                       since
                                                                               For the Period         May 30,
                                                            For the Nine        May 30, 2001            2001
                                                            Months Ended             to             Inception of
                                                            September 30,      September 30,        Development
                                                                2002                2001               Stage
                                                          -----------------  ------------------  ------------------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
<S>                                                      <C>                 <C>                 <C>
Cash paid during the year for:
  Interest                                                $           2,459   $              -    $            3,812
  Income taxes                                            $               -   $              -    $                -

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES: None

Common Stock Exchanged for Technology                     $         250,040  $              -    $          250,040
Note Payable Converted to Common Stock                    $         250,000  $              -    $          250,000

</TABLE>





















                 See accompanying notes and accountants' report.


<PAGE>



                             SCIENTIFIC ENERGY, INC.
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     This  summary of  accounting  policies for  Scientific  Energy,  Inc.  "the
Company," (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, 2002, 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 six  months.  Operating  results for  interim  periods  are not  necessarily
indicative of the results which can be expected for full years.

Nature of Operations and Going Concern

     The  accompanying  financial  statements have been prepared on the basis of
accounting  principles  applicable to a "going  concern",  which assume that the
Company  will  continue in  operation  for at least one year and will be able to
realize  its assets  and  discharge  its  liabilities  in the  normal  course of
operations.

     Several  conditions  and events cast doubt about the  Company's  ability to
continue as a "going concern," in particular the determination by the Company to
write-down some of their technology  assets. The Company has incurred net losses
of approximately  $514,455 for the first three quarters of 2002, has a liquidity
problem,  and  requires  additional  financing  in order to finance its business
activities  and meet its  obligations  on an  ongoing  basis.  The  Company  has
attempted  to  pursue  alternative  financing  with  one  entity,   although  no
commitments have been obtained. In the interim, shareholders of the Company have
committed to meeting its minimal operating expenses.

     The Company's future capital  requirements  will depend on numerous factors
including,  but  not  limited  to,  its  willingness  to  continue  progress  in
developing its products.

     These  financial  statements  do not  reflect  adjustments  that  would  be
necessary  if the Company  were unable to continue as a "going  concern".  While
management believes that the actions already taken or planned, will mitigate the
adverse conditions and events which raise doubt about the validity of the "going
concern" assumption used in preparing these financial  statements,  there can be
no assurance that these actions will be successful.

     If  the  Company  were  unable  to  continue  as a  "going  concern",  then
substantial adjustments would be necessary to the carrying values of assets, the
reported  amounts of its  liabilities,  the reported  expenses,  and the balance
sheet classifications used.


<PAGE>



                             SCIENTIFIC ENERGY, INC.
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002
                                   (Continued)

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

Organization and Basis of Presentation

     The  Company  was  originally  incorporated  under the laws of the State of
Nevada,  under the name of Quazon Corp.,  Inc.  Scientific Energy was originally
incorporated  under  the  laws of the  State  of Utah  on May  30,  2000.  As of
September 30, 2002,  the Company is in the  development  stage and has not begun
planned principal operations.

Acquisition of Subsidiary

     On June 6, 2001,  Scientific  Energy,  Inc (A Utah Corporation) 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.

Nature of Business

     The Company plans to enter into a written agreement with Grandway-USA,  and
its sister company in Taiwan and China for such entities to fund research toward
the  development  and  manufacture  of an extended life battery pack for lap-top
computers.  There can be no assurance that such an agreement will be reached and
finalized on terms and conditions  acceptable to the Company or, if an agreement
is reached,  that the development efforts will results in marketable products or
revenues to the Company.

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.


<PAGE>



                             SCIENTIFIC ENERGY, INC.
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002
                                   (Continued)

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

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:
<TABLE>
<CAPTION>

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

                                   For the Three Months Ended September 30, 2002
Basic Loss per Share
<S>                                                     <C>                 <C>                 <C>
Loss to common shareholders                             $           (7,465)          42,200,000  $               -
                                                        ==================  ===================  ==================

                                   For the Three Months Ended September 30, 2001
Basic Loss per Share
Loss to common shareholders                             $          (48,718)          27,000,000  $               -
                                                        ==================  ===================  ==================

                                   For the Nine Months Ended September 30, 2002
Basic Loss per Share
Loss to common shareholders                             $         (514,455)          34,752,000  $           (0.01)
                                                        ==================  ===================  ==================

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

         As of September 30, 2002, there are no common stock equivalents.


<PAGE>



                             SCIENTIFIC ENERGY, INC.
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002
                                   (Continued)

NOTE 2 - INCOME TAXES

     As of September 30, 2002, the Company had a net operating loss carryforward
for income tax reporting  purposes of approximately  $683,000 that may be offset
against future taxable income through 2022. 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, 2002 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.

NOTE 5- INTANGIBLE ASSETS

     On May 30, 2001,  Scientific Energy, Inc. (Utah) 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.  The  Company  became  the  owner of the  technology  pursuant  to the
reorganization  entered into  between the Company and  Scientific  Energy,  Inc.
(Utah).  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.

     During the first quarter of 2002, management reviewed the reasonableness of
the value of their  technology,  and decided that in the absence of research and
development  efforts the value of the  technology was only $50,000 at that time.
Thus, the intangible assets were written-down $200,000.



<PAGE>



                             SCIENTIFIC ENERGY, INC.
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002
                                   (Continued)

NOTE 6 - LINE OF CREDIT / NOTE PAYABLE - SHAREHOLDER

     On August 15,  2001,  the  president  of the  Company  gave the  Company an
unsecured line of credit for up to $350,000. The Line carries interest at Prime.
As of September  30, 2002 the Company  owes $59,424  against this line of credit
and has been reported along with accrued interest in the accompanying  financial
statements as "Note Payable Shareholder."

NOTE 8- COMMON STOCK TRANSACTIONS

     On May 17, 2002,  the  president of the Company  converted  $250,000 of his
note payable into 10,000,000  shares of common stock.  Also on May 17, 2002, the
Company issued an additional  5,200,000 shares for accrued salaries of $130,000.
These  transactions  were  valued at  approximately  $0.025 per share,  the fair
market value of shares on the date of issuance.




<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.

Introduction

     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,
2002,  the  Company  owes  $59,424  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, 2002, the Company had total assets of $50,000,  consisting
of  technology.  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,  2002,  were
$102,755,  consisting  of  accounts  payable  of  $43,243  and note  payable  to
shareholder of $59,424.

Results of Operations

     For the three  and nine  months  ended  September  30,  2002,  general  and
administrative  expenses were $5,237 and 196,450,  respectively and research and
development  expenses were $0 and $13,116.  General and administrative  expenses
are primarily for legal, accounting services and salaries.

     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, 2002,  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, 2002 the Company owes $59,424  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,  2002,   the  Company  had  a  net  operating   loss
carry-forward for income tax reporting  purposes of approximately  $683,000 that
may be offset against future taxable income through 2022. 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 infring on the
intellectual properties of others.


<PAGE>




      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.

     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.

Item 3.  Controls and Procedures

     The Company's  Chief  Executive  Officer and Chief  Financial  Officer have
concluded,  based on an evaluation  conducted within 90 days prior to the filing
date of this  Quarterly  Report  on Form  10-Q,  that the  Company's  disclosure
controls and  procedures  have  functioned  effectively  so as to provide  those
officers the information necessary whether:

(i)  this  Quarterly  Report on Form 10-Q  contains  any untrue  statement  of a
     material  fact or omits  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 on Form 10-Q, and

(ii) the financial statements,  and other financial information included in this
     Quarterly Report on Form 10-Q,  fairly present in all material respects the
     financial condition, results of operations and cash flows of the Company as
     of, and for, the periods presented in this Quarterly Report on Form 10-Q.

     There have been no significant  changes in the Company's  internal controls
or in other  factors since the date of the Chief  Executive  Officer's and Chief
Financial Officer's  evaluation that could  significantly  affect these internal
controls,   including  any  corrective   actions  with  regards  to  significant
deficiencies and material weaknesses.

                           PART II--OTHER INFORMATION



<PAGE>



ITEM 1.  LEGAL PROCEEDINGS

     None.

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.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits:
         --------


                SEC
 Exhibit     Reference
 Number        Number    Title of Document                        Location
----------- ---------- -------------------------------------    ----------------
Item 2.                Plan of Acquisition, Reorganization,
                       Arrangement, Liquidation orSuccession

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

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

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



<PAGE>



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

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

Item 99.
---------- --------- ----------------------------------------   ----------------
99.1           99     Certification Pursuant to 18 U.S.C. sec.
                      1350, As Adopted Pursuant to Section 906
                      of the Sarbanes-Oxley Act of 2002.
99.2           99     Certification Pursuant to 18 U.S.C. sec.
                      1350, As Adopted Pursuant to Section 906
                      of the Sarbanes-Oxley Act of 2002.

(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, 2002.

                                   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: November 13, 2002           By: /S/ Todd B. Crosland
                                  -------------------------------------------
                                  Todd B. Crosland
                                  President and Chief Financial Officer
                                  (Principal Executive Officer)


Date:  November 13, 2002          By: /S/ Jana Meyer
                                  -------------------------------------------
                                  Jana Meyer
                                  Secretary/Treasuer and Director
                                  (Principal Financial and Accounting Officer)

I,       Todd B. Crosland, certify that:

1.   I have reviewed this quarterly report on form 10-QSB of Scientific  Energy,
     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.


<PAGE>



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 operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report.

4.   The  registrant's  other  certifying  officers  and I are  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

               C)   presented in this quarterly report our conclusions about the
                    effectiveness  of the  disclosure  controls  and  procedures
                    based on our evaluation as of the evaluation date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent functions):

               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

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

6.   The  registrant's  other  certifying  officers and 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 13, 2002

By: /S/ Todd B. Crosland
-------------------------------------------
Todd B. Crosland
President and Chief Financial Officer
(Principal Executive Officer)


I,       Jana Meyer, certify that:



<PAGE>



1.   I have reviewed this quarterly report on form 10-QSB of Scientific  Energy,
     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.

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 operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report.

4.   The  registrant's  other  certifying  officers  and I are  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

               C)   presented  in this  quarterly  report  our  conclusions
                    about the effectiveness of the disclosure  controls and
                    procedures based on our evaluation as of the evaluation
                    date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent functions):

                    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

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

6.   The  registrant's  other  certifying  officers and 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 13, 2002

By: /S/ Jana Meyer


<PAGE>


Jana Meyer
Secretary/Treasuer and Director
(Principal Financial and Accounting Officer)