UNITED STATES SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, D. C. 20549


FORM 10-QSB


[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 14 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ____________ to ______________


Commission file number 000-30675


EnXnet, Inc.

(Exact name of Small Business Issuer in its charter)


Oklahoma                               73-1561191

(State of Incorporation)     (I.R.S. Employer Identification No.)


1723 S Boston Ave
Tulsa, Oklahoma 74119

(Address of principal executive offices.)


Registrant's telephone number: (918) 592-0015

Former Company:

Former Conformed Name: Emajix.com, Inc

Date of Name change: 20010801



As of November 13, 2002, there were 23,535,200 shares of Common Stock,
$0.00005 par value, of the issuer outstanding.
=================================================================







INDEX
Part I. FINANCIAL INFORMATION

ITEM I. Financial Statements

Balance Sheets
September 30, 2002 and March 31, 2002                               3

Statements of Loss
For the Three and Six months ended September 30, 2002 and 2001,
and from inception (March 30, 1999) to September 30, 2002           4

Statement of Changes in Stockholders' Equity                        5

Statements of Cash Flows
For the Six months ended September 30, 2002 and 2001;
and from inception (March 30, 1999) to September 30, 2002          6-7

Summary of Accounting Policies                                     8-10

Notes to Financial Statements                                     11-13


ITEM 2. Managements Discussion and Analysis or Plan of Operation  13-15


PART II. OTHER INFORMATION

Item 1. Legal Proceedings                                          15

Item 2. Changes in Securities                                      15

Item 3. Defaults Upon Senior Securities                            15

Item 4. Submission of Matters to A Vote to Security Holders        15

Item 5. Other Information                                          15

Item 6. Exhibits and Reports on Form 8-K                           15

Signatures                                                         16

Exhibit 99.1     Certification of financial statements
                   Chief Executive Officer &
                   Chief Financial Officer                       17-19












EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS

ASSETS                                              September 30,  March 31,
                                                          2002       2002
                                                      (Unaudited)  (Audited)
Current assets:
Cash                                                    $ 23,797   $ 20,330
Accounts receivable                                          567        768
Other receivable                                             610        -
Prepaid expense                                            1,667      2,162
                                                        ________   ________
Total current assets                                      26,641     23,260
                                                        ________   ________

Equipment, net                                            26,666     28,005
                                                        ________   ________
Other assets:
Deposits                                                   2,350      2,350
Licenses, net (Note 3)                                   280,641    299,350
Marketable securities (Note 2)                           111,924    148,842
                                                        ________    _______
Total other assets                                       394,915    450,542
                                                        ________    _______
Total assets                                            $448,222   $501,807
                                                        ========    =======

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Accounts payable and accrued expense                    $ 38,061   $ 32,513
Accounts payable-other (Note 5)                          122,011    217,281
Notes payable, current (Note 5)                          318,000    110,000
                                                        ________   ________
Total current liabilities                                478,072    359,794
                                                        ________   ________

Commitments and contingencies (Notes 1, and 5)

Stockholders' equity:
Common stock, $.00005 par value;
 200,000,000 shares authorized;
 23,460,200 issued and outstanding
 September 30, 2002 and March 31, 2002                     1,173      1,173
Additional paid-in capital                             1,100,188  1,100,188
Deficit accumulated during the
 development stage                                    (1,078,645)  (893,728)
Net unrealized gain (loss)
 on marketable securities (Note 2)                       (52,566)  ( 65,620)
                                                        ________   ________
Total stockholders' equity                               (29,850)   142,013
                                                        ________   ________
Total liabilities and stockholders' equity             $ 448,222  $ 501,807
                                                        ========   ========
See accompanying summary of accounting policies and
notes to condensed financial statements.  <page 3>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF LOSS (Unaudited)



                                                                   Date from
                                                                   Inception
                                  Three                Six      (March 30, 1999)
                               Months Ended       Months Ended           to
                               September 30,       September 30,   September 30,
                                2002     2001      2002    2001         2002

Revenues                    $    -    $   1,022 $   1,283  $  1,022  $    3,846
                              _______   _______   _______   _______   _________
Operating expenses:
Consulting fees                 5,900    12,133     5,900    33,622     108,110
Depreciation & amortization    13,353     8,929    26,459    17,859      98,038
Payroll                        48,448    83,345    89,993   133,585     547,266
Professional services           6,638     9,155     8,088    14,697      79,007
Occupancy expense              13,872    10,573    26,257    16,028      93,921
Office expense                  5,956     4,328    13,335    10,167      46,310
Travel expense                  5,029     5,633     7,844    20,428      46,213
Other expense                     735     1,871     3,741     5,258      23,192
                              _______   _______   _______   _______   _________
Total operating expenses       99,931   135,967   181,617   251,644   1,042,057
                              _______   _______   _______   _______   _________
Operating loss               ( 99,931) (134,945) (180,334) (250,622) (1,038,211)

Other income (expense):
Gain (loss) on sale of
 marketable securities       (  2,200)     -          148      -        (16,814)
Interest income                    47      -           57      -             72
Interest expense             (  2,594) (  2,066) (  4,788) (  4,061)    (23,692)
                              _______   _______   _______   _______   _________
Net loss                     (104,678) (137,011) (184,917) (254,683) (1,078,645)

Other comprehensive income(loss):
Net unrealized gain(loss)on
 marketable securities       (113,566)  (97,480)   13,054  (108,515)  ( 52,566)
                              _______   _______   _______  ________   _________
Comprehensive loss          $(218,244)$(234,491)$(171,863)$(363,198)$(1,131,211)
                              =======   =======   =======  ========   =========
Net loss per share
  basic and diluted          $ (.004)$   (.006)$   (.010)$   (.011)
                              =======   =======   =======  ========
Weighted average number
  of shares
  basic and diluted        23,460,200 22,453,896 17,667,864 22,338,195
                           ========== ========== ========== ==========




See accompanying summary of accounting policies and
notes to condensed financial statements.  <page 4>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited)


                                                   Deficit    Change in
                                          Add-   Accumulated  Unrealized
                                         itional During the   Gain on
                         Common Stock    Paid-in  Development Marketable
                        Shares   Amount  Capital    Stage     Secrities  Total
Balance:
 March 31, 2002     23,460,200 $1,173 $1,100,188$(  893,728)$(65,620) $142,013

Net loss                  -       -         -    (  184,917)    -     (184,917)
Net unrealized gain
  (loss) on marketable
  securities              -       -         -         -       13,054    13,054
                    __________  _____  _________  _________  _______   _______
Balance:
 September 30, 2002 23,460,200 $1,173 $1,100,188$(1,078,645)$(52,566) $(29,850)
                    ==========  =====  =========  =========  =======   =======

































See accompanying summary of accounting policies and
notes to condensed financial statements.  <page 5>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS (Unaudited)
                                                                   Date from
                                                                   Inception
                                                                (March 30,1999)
                                            Six Months Ended          to
                                              September 30,       September 30,
                                            2002          2001        2002
Cash flows from operating activities:
Net (loss)                                $(184,917) $(254,683)  $(1,078,645)
Adjustments to reconcile net loss to cash
 used by operating activities:
Depreciation and amortization                26,459     17,859        98,038
(Gain) Loss on sale of
 marketable securities                      (   148)      -           16,814
Stock issued for equipment                     -          -              500
Stock issued for services:                     -         9,000        63,821
Changes in operating assets and liabilities:
Accounts receivable                         (   409)       171        (1,177)
Prepaid expense                                 495      1,534        (1,667)
Accounts payable and accrued expense        (89,722)   (16,874)      160,072
                                            _______    _______      ________
Net cash used in operating activities      (248,242)  (242,993)    ( 742,244)
                                            _______    _______      ________
Investing activities:
Purchase of fixed assets                    ( 6,411)   (18,738)      (52,370)
Other assets                                   -       ( 3,500)      ( 2,350)
Proceeds from sale of
 marketable securities                       50,120       -           88,880
                                            _______     _______      _______

Cash provided (used) in
 investing activities                        43,709    (22,238)       34,160
                                            _______     _______      _______
Financing activities:
Proceeds from note payable                  208,000       -          358,000
Proceeds from sale of common stock             -       270,499       663,881
Repayment of note payable                      -          -         (290,000)
                                            _______    _______      ________
Net cash provided by financing activities   208,000    270,499       731,881
                                            _______    _______      ________
Net increase in cash                          3,467      5,268        23,797
Cash, beginning of period                    20,330        531          -
                                            _______    _______      ________
Cash, end of period                        $ 23,797   $  5,799     $  23,797
                                            =======    =======      ========







See accompanying summary of accounting policies and
notes to condensed financial statements.  <page 6>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS (Unaudited) - continued





Supplemental disclosures of cash flow information:

                                                                   Date from
                                                                   Inception
                                                                (March 30,1999)
                                          Six Months Ended to          to
                                              September 30,       September 30,
                                            2002          2001        2002
Cash paid during the period for:
Interest                                   $  -         $ -           $ 18,889
Income taxes                               $  -         $ -           $   -

Non-cash financing activities:
Issuance of common stock in exchange
 for ClearVideo license                    $  -         $ -           $ 2,975
Issuance of common stock for service       $  -         $9,000        $63,821
Issuance of common stock for equipment        -           -               500
Issuance of common stock in exchange
 for Fonar common stock-net of
 $27,018 issuance fees                     $  -         $ -          $243,166
Issuance of note payable in exchange
 for ClearVideo license                    $  -         $ -          $250,000























See accompanying summary of accounting policies and
notes to condensed financial statements.  <page 7>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
SUMMARY OF ACCOUNTING POLICIES

The accompanying unaudited financial statements have been prepared in
accordance with accounting principles generally accepted in the United States
of America for interim financial information and in accordance with the
instructions to Form 10-QSB and Items 303 and 310(b) of Regulation S-B.
Accordingly, they do not include all of the information and footnotes required
by generally accepted principles for complete financial statements. In the
opinion of management, all adjustments (consisting of normal recurring
adjustments) considered necessary for a fair presentation have been included.
Operating results for the six months ended September 30, 2002, are not
necessarily indicative of the results that may be expected for the year ended
March 31, 2002. For further information, refer to the financial statements and
footnotes thereto included in the EnXnet, Inc. or the "Company" audited
financial statements for the year ended March 31, 2002 included in the Company
Form 10-KSB.

THE BUSINESS
EnXnet, Inc. ("the Company") is a development stage enterprise
which holds an exclusive license to 1) compile, display, use, copy and
modify ClearVideosource code and create enhancements to the source
code, 2) use the ClearVideo source code, its run-time versions and any
derivatives created by the Company, 3) the right to manufacture for the
purpose of distributing and sub-licensing products and services created
by any derivatives to end users in run time versions, 4) the right to
sublicense the rights granted by the licensor to the Company, 5) and
the right to enter into a research and development agreement with
another entity for developing new products provided that the Company
will own at least (50%) or more of the voting securities of such
entity.  The Company intends to offer video compression services
primarily for downloading and streaming high quality video and quality
audio for use on the Internet and various advertising applications for
radio, television, and cable broadcasting companies.  The Company was
incorporated pursuant to the laws of the state of Oklahoma on March 30,
1999 as Southern Wireless, Inc.  The Company changed its name to
eMajix.com, Inc. on April 5, 2000 and on August 1, 2001 the name was
changed to EnXnet, Inc.

Cash Equivalents - For financial reporting purposes, the Company considers all
highly liquid investments with an original maturity of three months or less
when  purchased to be a cash equivalent.  Financial instruments, which
potentially subject the Company to a concentration of credit risk, consist of
cash and cash equivalents.  Cash and cash equivalents consist of funds
deposited with various high credit quality financial institutions.

Equipment - Equipment is recorded at cost.  Depreciation and amortization are
provided using the straight-line method over the useful lives of the respective
assets, typically 3-10 years. Major additions and betterments are capitalized.
Upon retirement or disposal, the cost and related accumulated depreciation or
amortization is removed from the accounts and any gain or loss is reflected in
operations.


                                          <page 8>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
SUMMARY OF ACCOUNTING POLICIES - continued

Licenses - The costs associated with acquiring exclusive licensing rights to
patented technology have been capitalized and are being charged to expense
using the straight line method of amortization over ten years, the estimated
remaining useful lives of the patents.

Effective July 1, 2002, the Company adopted Financial Accounting Standards No.
142, "Goodwill and Other Intangible Assets" ("Statement 142"). Statement 142
addresses financial accounting and reporting for acquired goodwill and other
intangible assets and supersedes APB Opinion No. 17, "Intangible Assets".
Statement 142 requires that goodwill and certain intangibles no longer be
amortized, but instead be tested for impairment at least annually. Adoption of
Statement 142 had no impact on the financial position of the Company or its
results of operations.

On July 1, 2002, the Company adopted Financial Accounting Standards No. 143,
"Accounting for Asset Retirement Obligations" ("Statement 143"). Statement 143
amends FASB Statement No. 19, "Financial Accounting and Reporting by Oil and
Gas Producing Companies". Statement 143 requires that the fair value of a
liability for an asset retirement obligation be recognized in the period in
which it is incurred if a reasonable estimate of fair value can be made. The
associated asset retirement costs are capitalized as part of the carrying
amount of the long-lived asset. Adoption of Statement 143 had no impact on the
financial position of the Company or its results of operations.

On July 1, 2002, the Company adopted Financial Accounting Standards No. 144,
"Accounting for the Impairment or Disposal of Long-Lived Assets" ("Statement
144"). Statement 144 supersedes Financial Accounting Standards No. 121,
"Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets
to be Disposed of", and the accounting and reporting provisions of APB Opinion
No. 30, "Reporting the Results of Operations-Reporting the Effects of Disposal
of a Segment of a Business, and Extraordinary, Unusual and Infrequently
Occurring Events and Transactions", for the disposal of a segment of a
business. Statement 144 also amends ARB No. 51, "Consolidated Financial
Statements", to eliminate the exception to consolidation for a subsidiary for
which control is likely to be temporary. Adoption of Statement 144 had no
impact on the financial position of the Company or its results of operations.

In April 2002, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 145, "Rescission of FASB Statements No. 4,
44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections"
("Statement 145"). Statement 145 rescinds FASB Statement No. 4, "Reporting
Gains and Losses from Extinguishment of Debt", and an amendment of that
Statement, and FASB Statement No. 64, "Extinguishments of Debt Made to Satisfy
Sinking-Fund Requirements". Statement 145 also rescinds FASB Statement No. 44,
"Accounting for Leases", to eliminate an inconsistency between the required
accounting for sale-leaseback transactions and the required accounting for
certain lease modifications that have economic effects that are similar to
sale-leaseback transactions. Statement 145 also amends other existing
authoritative pronouncements to make various technical corrections, clarify
meanings, or describe their applicability under changed conditions.

                                          <page 9>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
SUMMARY OF ACCOUNTING POLICIES - continued

Early adoption of Statement 145 is encouraged and may be as of the beginning of
the fiscal year or as of the beginning of the interim period in which the
statement issued. The Company has elected to adopt this statement effective
July 1, 2002. Management does not believe adoption of this statement materially
impacted the Company's financial position or results of operations.

Income Taxes - Income taxes are provided based on the liability method of
accounting pursuant to SFAS No. 109, "Accounting for Income Taxes."
Under this approach, deferred income taxes are recorded to reflect the
tax consequences on future years of differences between the tax basis
of assets and liabilities and their financial reporting amounts at each
year end.  A valuation allowance is recorded against deferred tax
assets as management does not believe the Company has met the "more
likely than not" standard imposed by SFAS No. 109 to allow recognition
of such an asset.

Estimates - The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the dates of the financial statements and the reported amounts
of revenues and expenses during the reporting periods. Actual results could
differ from those estimates.

Fair Value of Financial Instruments - The carrying amounts reported in the
balance sheets as of September 30, and March 31, 2002 for cash equivalents and
accounts payable and accrued expenses approximate fair value because of the
immediate or short-term maturity of these financial instruments.

Research and Development Costs - Research and development costs are charged to
expense as incurred.

Net Loss Per Share - SFAS No. 128 requires dual presentation of basic EPS and
diluted EPS on the face of all income statements for all entities with complex
capital structures.   Basic EPS is computed as net income divided by the
weighted average number of common shares outstanding for the period.  Diluted
EPS reflects the potential dilution that could occur from common shares
issuable through stock options, warrants and other convertible securities.













                                         <page 10>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

1.   Development Stage Operations and Going Concern

The Company has been in the development stage since its inception.
The Company has no recurring source of revenue and has incurred losses
since inception.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.  The financial
statements do not include any adjustments that may be necessary if the
Company is unable to continue as a going concern.

Management of the Company has undertaken certain actions to
address these conditions.  Management currently plans to commence
production in fiscal 2003.  To this end, management is currently in
negotiations with potential customers  and with marketing
representatives to establish a product channel.  Funds required to
carry out management's plans are expected to be derived from future
stock sales, proceeds of marketable securities or borrowings from
outside parties.  There can be no assurances that the Company will be
successful in executing its plans.

2. Marketable Securities

The Company owns 111,924 and 145,924 shares of Fonar Corporation
as of September 30, 2002 and March 31, 2002. Fonar is traded on the NASDAQ
National Market system under the symbol FONR. The Fonar stock is "available for
sale" at September 30, 2002 and March 31, 2002 with a market value of $111,924
and $148,842 or $1.00 and $1.02 per share. Net unrealized loss on marketable
securities in the amounts of ($52,566) and $(65,620) have been recorded in
stockholders equity at September 30, 2002 and March 31, 2002. The Company sold
34,000 shares of Fonar during the six months ended September 30, 2002
receiving proceeds of $50,120 resulting in a realized net gain of $148.

3.   Licenses

In March 2000, the Company acquired exclusive licensing rights,
from Iterated Systems, Inc., to compile, use, copy and modify
ClearVideo Source Code and to create and manufacture products and
services.  Additionally, the license agreement provides that the
Company may sublicense any products and services that it creates using
the technology under the licensing agreement.  The license was acquired
for a $250,000 note payable and the issuance of 297,500 shares of
common stock, valued at $2,975. On January 2, 2002,the Company entered
into an agreement with Ryan Corley the President and majority
stockholder of the Company whereby the Company acquired from Corley an
additional license agreement for certain ClearVideo products not included
in the original license purchased by the Company. The Company
issued 1,000,000 shares of restricted common stock valued at $100,000
for the license. The licenses are being amortized over 10 years which is
the estimated useful life of the patent covering the technology.
Amortization expense for the six months ended September 30, 2002 and the
year ended March 31, 2002 was $18,709 and $28,327 and accumulated
amortization was $72,334 and $53,625, respectively.
                                          <page 11>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS - continued

4.   Income Taxes

At September 30, 2002 and March 31, 2002, the Company had net deferred tax
assets of approximately $367,000 and $303,000 principally arising from
net operating loss carryforwards for income tax purposes.  As management
of the Company cannot determine that it is more likely than not that the
Company will realize the benefit of the net deferred tax asset, a valuation
allowance equal to the net deferred tax asset has been established at September
30, 2002 and March 31, 2002. At September 30 , 2002 the Company has net
operating loss carryforwards totaling approximately $1,078,645 which will begin
to expire in the year 2015.

5. Accounts and Notes Payable

Accounts payable-others consist of advances made to the Company from Ryan
Corley for working capital purposes. This amount was $122,011 and
$217,281 at September 30, 2002 and March 31, 2002. On September 20, 2002, the
Company issued a convertible note to Corley in the amount of $208,000.

    Notes payable consist of the following:    September 30,  March 31,
                                                2002      2002
     8% convertible note payable to
      Ryan Corley, President of the
      Company, due November 15, 2002           110,000   110,000
     6% convertible note payable to
      Ryan Corley, President of the
      Company, due on demand                   208,000      -

                                             --------- ---------
     Total maturities - all current          $ 318,000 $ 110,000
                                             ========= =========
6. Anti-Dilution Clause

The agreement with Iterated Systems, Inc. "Iterated", contains an
anti-dilution clause whereby the percentage of ownership of the
Company's common stock by Iterated shall be no less than 1.25% of the
total outstanding shares of the Company's common stock at any given
time.  This provision shall terminate after the last day of the first
sixty (60) day period during which : (i) the common stock of the
Company is traded on NASDAQ, or the American or the New York Stock
Exchange and (ii) the Market Capitalization of the Company does not
fall below fifty million dollars and (iii)  the 297,500 shares of
common stock that Iterated received under the agreement become free
trading Rule 144 stock or are covered by a registration statement in
compliance with the Act and (iv) the share price of the Company's
shares traded on NASDAQ, the American Stock Exchange or the New York
Stock exchange does not fall below $2.10.  This provision also
terminates if Iterated sells or disposes of the shares that it received
under this agreement.


                                          <page 12>

EnXnet, Inc.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS - continued

7. Stock Options

On July 24, 2001, the Company filed with the SEC Form S-8, for its 2001 Stock
Option Plan, (the Plan). An aggregate amount of common stock that may be
awarded and purchased under the Plan is 3,000,000 shares of the Company's
common stock. Under the Plan on September 19, 2002, the board of directors
granted options to purchase 45,000 shares of common stock at $.26 per share to
a member of the Board of Directors.

Item 2. Managements Discussion and Analysis or Plan of Operation

The following plan of operation, discussion of the results of
operations and financial conditions should be read in conjunction with
the financial statements and related notes appearing in this report.

EnXnet, Inc. (the "Company") is a development stage enterprise
formed under the laws of  the State of Oklahoma on March 30, 1999. On
March 17, 2000, the Company entered into an exclusive license agreement
for the worldwide rights to certain copyrighted and trademarked
software, denoted as "ClearVideo", for fractal digitization and
compression of video images with quality audio synchronization.
ClearVideo can reduce video files by approximately 95-99% and virtually
duplicates the quality of the original files. ClearVideo should
enhance how video with synchronized audio files are transmitted
over both narrow and broadband lines. With the compression results
obtainable, almost any Internet user should be able to download
compressed video files with synchronized audio over ordinary analog
connections or digital connections in less time.

The Company commenced marketing ClearVideo during May 2001.
The Company will initially license the technology to third parties,
offering compression services and downloading and streaming services to
customers.

The Company currently can satisfy its current cash requirements
for approximately 150-180 days and has a plan in place to raise additional
working capital by the sale of the marketable securities and shares of the
Company common stock to select prospective individuals. This plan should
provide the additional necessary funds required to enable the Company to
continue its marketing and the updating and revisions to the source code
for ClearVideo until the Company can generate enough cash flow from
operations to sustain its operations.

The Company does not anticipate any significant cash requirements for the
purchase of any facilities.  The Company will be required to purchase
additional equipment to provide compression services to prospective customers.

The Company currently has seven full time employees on the payroll and two
consultants. It is anticipated that the Company will need to hire an
additional three to six full time employees in order to expand the marketing
of the product.
                                          <page 13>

Results of Operations - Period from Inception (March 30, 1999) through
September 30, 2002.

The Company is considered to be in the development stage as
defined in Statement of Financial Accounting Standards No. 7.  There
have been no significant revenues since incorporation.  For the three months
ended September 30, 2002 and 2001 the Company incurred net losses of
$104,678 and $137,011, or $(0.009) and $(0.006) per share, which is
primarily the result of payment of payroll expenses, consulting fees,
travel and office expenses.

Liquidity and Capital Resources.

Through November 13, 2002, the Company has issued 23,460,200 shares of its
Common Stock to officers, directors and others.  The Company has no operating
history and no material assets other than the license agreement for
ClearVideo. The Company has $23,797 in cash as of September 30, 2002.

Through November 13, 2002, the Company has received funds of $663,881 from
the sale of capital stock to officers, directors and others and $318,000 from
Ryan Corley upon the execution of notes executed on November 15, 2001
and September 20, 2002. Mr. Corley has also advanced the Company $122,011 for
working capital purposes. Because the Company is in its initial stages of
development and has not commenced operations or generated significant revenues,
the Company intends to finance its operations by entering into licensing
agreements with potential customers, by the sale of additional shares of its
common stock and the sale of its marketable securities. Other than the
foregoing, there are no additional sources for cash for operating, investing
and financing activities.

The Company has been in the development stage since its inception.
The Company has had no recurring source of revenue and has incurred
operating losses since inception. These factors raise substantial
doubt about the Company's ability to continue as a going concern.  As
a result of these factors, the Company's independent certified public
accountants have included an explanatory paragraph in their reports on
the Company's March 31, 2002 and 2001 financial statements which
expressed substantial doubt about the Company's ability to continue as
a going concern.

At the present time, the Company has no material commitments for
capital expenditures.  If capital expenditures are required after
operations commence, the Company will pay for the same through the sale
of common stock; or through loans from third parties.  There is no
assurance, however, that such financing will be available and in the
event such financing is not available, the Company may have to cease
operations.








                                          <page 14>

Statement Regarding Forward-Looking Statements.

This Quarterly Report includes "forward-looking statements" within the meaning
of Section 27A of the Exchange Act which represent the expectations or beliefs
concerning future events that involve risks and uncertainties, including but not
limited to the demand for Company products and services and the costs associated
with such goods and services. All other statements other than statements of
historical fact included in this Quarterly Report including, without limitation,
the statements under  "Managements Discussion and  Analysis or Plan  of
Operations" and elsewhere  in the Quarterly  Report, are forward-looking
statements.  While the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct.

CURRENT TRADING MARKET FOR THE COMPANY'S SECURITIES. Currently the Company's
stock is traded under the symbol "EXNT" on the NASD OTC Bulletin Board and,
if and when qualified, it intends to apply for admission to quotation on the
NASDAQ Small Cap Market. There can be no assurance that an active or regular
trading market for the common stock will develop or that, if developed, will
be sustained. Various factors, such as operating results, changes in laws, rules
or regulations, general market fluctuations, changes in financial estimates by
securities analysts and other factors may have a significant impact on the
market of the Company securities. The market price for the securities of
public companies often experience wide fluctuations that are not necessarily
related to the operating performance of such public companies such as high
interest rates or impact of overseas markets.

PART II OTHER INFORMATION

Item 1. Legal Proceedings
We are not a party to any material legal proceedings.

Item 2. Changes in Securities
Not applicable

Item 3. Defaults Upon Senior Securities
Not applicable

Item 4. Submission of matters to a vote to security Holders
Not applicable

Item 5. Other Information

On August 21, 2002, the Company entered into an agreement with MRI of
America, LLC to act as the managing partner. EnXnet will own a twenty percent
equity interest in the newly formed company. MRI of America, LLC plans to offer
magnetic resonance imaging services in selected market areas utilizing the
latest MRI system technology known as The Stand-Up MRI(tm)developed by Fonar
Corporation.

Item 6. Exhibits and Reports on Form 8-K
Not applicable

(a) Exhibits
Exhibit 99.1     Certification of financial statements
                 Chief Executive Officer & Chief Financial Officer
                                          <page 15>

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

EnXnet, Inc.
(Registrant)

Dated: November 13, 2002
/s/ Ryan Corley
    Ryan Corley - President









































                                          <page 16>
Exhibit 99.1
                  Certificate of the Principal Executive Officer
                      Pursuant to 15 U.S.C. 78m(a)or 78o(d)
                  (Section 302 of the Sarbanes-Oxley Act of 2002)

I, Ryan Corley, Chairman of the Board of Directors and Chief Executive
Officer of EnXnet, Inc. (the "Company"), hereby certify that:
(1) I have reviewed this quarterly report on Form 10-QSB of the
Company;
(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 Company as of, and for, the periods
presented in this quarterly report;
(4)  The Company'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 Company and
we have: (a)  designed such disclosure controls and procedures to
ensure that material  information  relating to the Company, 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 Company'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 Company's other certifying officers and I have disclosed,
based on our most recent  evaluation,  to the Company's  auditors and
the audit committee of Company's  board of directors (or persons
performing the equivalent function): (a)  all  significant deficiencies
in the design or  operation of internal controls which could adversely
affect the  Company's ability to record, process, summarize and report
financial data and have identified for the Company'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  Company's internal controls; and
(6)  The Company'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.

IN WITNESS WHEREOF, the undersigned have executed this certificate on
the 13th day of November, 2002.

/s/ Ryan Corley
-------------------------------------
Ryan Corley
Chairman and Chief Executive Officer
                                          <page 17>

                 Certificate of the Principal Financial Officer
                     Pursuant to 15 U.S.C. 78m(a) or 78o(d)
                 (Section 302 of the Sarbanes-Oxley Act of 2002)

I,  Ryan Corley, Treasurer and Chief Financial Officer of EnXnet, Inc.
(the "Company"), hereby certify that:
(1) I have reviewed this quarterly report on Form 10-QSB of the
Company;
(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 Company as of, and for, the periods
presented in this quarterly report;
(4)  The Company'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 Company and
we have: (a)  designed such disclosure controls and procedures to
ensure that material  information  relating to the Company, 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 Company'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 Company's other certifying officers and I have disclosed,
based on our most recent  evaluation,  to the Company's  auditors and
the audit committee of Company's  board of directors (or persons
performing the equivalent function): (a)  all  significant deficiencies
in the design or  operation of internal controls which could adversely
affect the  Company's ability to record, process, summarize and report
financial data and have identified for the Company'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  Company's internal controls; and
(6)  The Company'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.

IN WITNESS  WHEREOF,  the undersigned have executed this certificate on
the 13th day of November, 2002.

/s/ Ryan Corley
-------------------------------------
Ryan Corley
Treasurer and Chief Financial Officer
                                          <page 18>

                     CERTIFICATE OF CHIEF EXECUTIVE OFFICER
                           PURSUANT TO SECTION 906 OF
                 THE SARBANES-OXLEY ACT OF 2002 (18 U.S.C. 1350)

I, Ryan Corley, Chairman of the Board of Directors and Chief Executive
Officer of EnXnet, Inc. (the "Company"), have executed this
certification in connection with the filing with the Securities and
Exchange Commission of the Company's Quarterly Report on Form 10-QSB
for the quarter ended September 30, 2002 (the "Report"). The
undersigned hereby certifies that:

1.   The Report fully complies with the requirements of Section 13(a)
or 15(d) of the Securities Exchange Act of 1934; and
2.   The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations
of the Company.

IN WITNESS WHEREOF, the undersigned have executed this certificate as
of the 13th day of November 2002.


/s/ Ryan Corley
-------------------------------------
Ryan Corley
Chairman of the Board of Directors
and Chief Executive Officer

                     CERTIFICATE OF CHIEF FINANCIAL OFFICER
                            PURSUANT TO SECTION 906 OF
                 THE SARBANES-OXLEY ACT OF 2002 (18 U.S.C. 1350)

I, Ryan Corley, Treasurer and Chief Financial Officer of EnXnet
Inc. (the "Company"), have executed this certification in connection
with the filing with the Securities and Exchange Commission of the
Company's Quarterly Report on Form 10-QSB for the quarter ended
September 30, 2002 (the "Report"). The undersigned hereby certifies
that:

1.   The Report fully complies with the requirements of Section 13(a)
or 15(d) of the Securities Exchange Act of 1934; and
2.   The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations
of the Company.

IN WITNESS WHEREOF, the undersigned have executed this certificate as
of the 13th day of November 2002.


/s/ Ryan Corley
-------------------------------------
Ryan Corley
Treasurer and Chief Financial Officer


                                         <page 19>