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 June 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 June 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 June 30, 2001, and the related consolidated statements of operations and cash
flows for the period  from May 30,  2001  (Inception)  to June 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
August 7, 2001












<PAGE>



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



                                                                  June 30,
                                                                    2001
                                                               ---------------
ASSETS
Current Assets:
Cash & Cash Equivalents                                        $             -
                                                               ---------------

Other Assets:
Intangibles                                                            250,040


$    Total Assets                                                      250,040


LIABILITIES
Current Liabilities:
Accounts Payable & Accrued Expenses                            $        31,495
Bank Overdraft                                                           7,672
Note Payable Shareholder                                                22,837
                                                               ---------------

     Total Current Liabilities                                          62,004
                                                               ---------------

STOCKHOLDERS' EQUITY
  Common Stock, Par value $.001
    Authorized 100,000,000 shares,
    Issued 27,000,000 Shares
     at June 30, 2001                                                   27,000
  Paid-In Capital                                                      223,472
  Deficit Accumulated During the
    Development Stage, Since May 30, 2001                              (62,436)
                                                               ---------------

     Total Stockholders' Equity                                        188,036
                                                               ---------------

     Total Liabilities and
$      Stockholders' Equity                                            250,040
                                                               ===============









                       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
                                                     May 30, 2001      Inception
                                                          to
                                                                   of
                                                       June 30,       Development
                                                        2001             Stage
                                                   --------------    --------------
<S>                                                <C>               <C>
Revenues:                                          $            -    $            -
                                                   --------------    --------------

Expenses:
Research & Development                                     30,830            30,830
General & Administrative                                   31,524            26,524
                                                   --------------    --------------

     Loss from Operations                                 (62,354)          (62,354)
                                                   --------------    --------------

Other Income (Expense)
Interest, Net                                                 (82)              (82)
                                                   --------------    --------------

     Net Loss                                      $      (62,436)   $      (62,436)
                                                   ==============    ==============

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
                                                   June 30,        Development
                                                    2001              Stage
                                               ---------------   ---------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
<S>                                            <C>               <C>
Net Loss                                       $       (62,436)  $       (62,436)
Increase (Decrease) in Accounts Payable                 31,495            31,495
Increase (Decrease) in Bank Overdraft                    7,671             7,671
Increase (Decrease) in Accrued Interest                     82                82
                                               ---------------   ---------------
  Net Cash Used in operating activities                (23,188)          (23,188)
                                               ---------------   ---------------

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                                22,756            22,756
                                               ---------------   ---------------
  Net Cash Provided by Financing Activities             23,188            23,188
                                               ---------------   ---------------

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

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

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND
FINANCING ACTIVITIES: None
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 JUNE 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 June 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 six  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 JUNE 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:
<TABLE>
<CAPTION>
                                                                                  Per-Share
                                                  Income           Shares           Amount
                                                  ------           ------           ------
                                                (Numerator)     (Denominator)

                For the Period From May 30, 2001 (inception) to June 30, 2001
                -------------------------------------------------------------
Basic Loss per Share
<S>                                           <C>                   <C>         <C>
Loss to common shareholders                   $       (62,436)      25,460,000  $            -
                                              ===============  ===============  ==============
</TABLE>








<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 JUNE 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 June 30, 2001, the Company had a net operating  loss  carryforward
for income tax reporting  purposes of  approximately  $62,000 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 June 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 JUNE 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:
<TABLE>
<CAPTION>
                                                            Annual          Annual
                         Name                              Salaries        Advances
------------------------------------------------------  -------------------------------

<S>                                                     <C>             <C>
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
                                                        =============== ===============
</TABLE>
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 June 30, 2001 the Company has borrowed $22,837 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.  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 June 30, 2001, the Company had total assets  consisting 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 June 30, 2001,  were $62,004,
consisting of accounts payable and accrued expenses of $31,495, a bank overdraft
of $7,671, and note payable shareholder of $22,837.

Results of Operations

        For the period ended June 30, 2001, general and administrative  expenses
were $31,524 and research and  development  expenses were  $30,830.  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.



<PAGE>



Plan of Operation

        As of June 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 June 30, 2001 the Company has borrowed  $22,837  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.

        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 June 30, 2001, the Company had a net operating loss  carry-forward
for income tax reporting  purposes of  approximately  $62,000 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.


<PAGE>




     *    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.

     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

    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.

    The securities were sold by executive  officers of the Company,  without the
participation  of  any  underwriter.  Both  of  the  investors  were  accredited
investors  who  negotiated  the  purchase of the  securities  through  personal,
face-to-face   discussions   with  executive   officers  of  the  Company.   The
acquisitions  were made  pursuant  to a written  agreement  in which the Company
provided  detailed  representations  and  warranties,  with  related  disclosure
schedules,  respecting  the  business  and  financial  condition of the Company.
Copies of the Company's  periodic  reports  previously filed with the Securities
and  Exchange  Commission  were  provided.  Each  investor  signed an  agreement
verifying such investor's status as an accredited investor,  that the securities
were being  acquired for  investment  without a view toward their  distribution,
acknowledging  that the  certificates  representing  the securities would bear a
restrictive   legend,   and   providing    additional    investor    suitability
representations  and  acknowledgements.  Certificates  representing  the  shares
issued  bear a  notation  conspicuously  on  their  face  that  they  constitute
"restricted securities."

    The securities were issued in the foregoing  offering in reliance on Section
4(2) of the Securities Act of 1933.


                     ITEM 3. DEFAULTS UPON SENIOR SECURITIES

    None.


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

     By majority written consent of holders of 21,658,820  shares, or 93.93%, of
the issued and outstanding  stock,  the  stockholders of the company  approved a
corporate  name change from Quazon Corp. to Scientific  Energy,  Inc.  effective
July 12, 2001.





<PAGE>



                            ITEM 5. OTHER INFORMATION


Financial Statements of Acquired Subsidiary

    The  financial   statements  of  the  Scientific   are  included   beginning
immediately following the signature page to this report as follows:
<TABLE>
<CAPTION>
                                                                                          Page

<S>                                                                                       <C>
Independent Auditor's Report...............................................................F-1

Balance Sheet
  May 31, 2001.............................................................................F-2

Statements of Operations
  Period from May 30, 2001 (inception) to May 31, 2001.....................................F-3

Statement of Stockholders' Equity for the
  Period from May 30, 2001 (inception) to May 31, 2001.....................................F-4

Statements of Cash Flows
  Period from May 30, 2001 (inception) to May 31, 2001.....................................F-5

Notes to Financial Statements..............................................................F-6
</TABLE>

Pro Forma Financial Statements

        The pro forma financial statements have been omitted because there is no
material  change from the financial  statements as of June 30, 2001 contained in
this Form 10-QSB/A














<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>
    Item 2.           Plan of Acquisition, Reorganization, Arrangement, Liquidation or
                      Succession
       2.012          Agreement and Plan of Reorganization among Quazon Corp.,       1
                      Scientific Energy, Inc., and the stockholders of Scientific Energy, Inc.
                      dated June 6, 2001


     Item 33          Articles of Incorporation and Bylaws

----------------------------------------------------------------------------- ----------------
       3.013          Amendment to Articles of Incorporation to change the name of th2
                      Company to Scientific Energy, Inc.

   Item 10.           Material Contracts

----------------------------------------------------------------------------- ----------------
      10.0110         Royalty Agreement dated May 31, 2001, by and between Otis H.   2
                      Sanders, David Sanders, Daryl Conley, Paul Thomas and Scientific
                      Energy, Inc.

10.02      10         Form of Employment Agreement dated May 31, 2001, by and        2
                      between Scientific Energy, Inc. and related schedule of employees
                      and compensation
10.03      10         Loan Agreement dated as of June 15, 2001, between Scientific   2
                      Energy, Inc. and Todd B. Crosland with related form of Promissory
                      Note
</TABLE>
1    Incorporated  by  reference  from the current  report on Form 8-K,  June 6,
     2001.

2    Incorporated by reference from the originally  Form 10-QSB,  June 30, 2001,
     dated August 17, 2001

        (b) Reports on Form 8-K.  During the quarter  ended June 30,  2001,  the
Company filed the following items on Form 8-K:



         Date of Event Reported                        Item Reported

         June 6, 2001              Item 1. Changes In Control Of Registrant

                                   Item 2. Acquisition or Disposition of Assets
                                   Item 5. Other Events





<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