SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON D.C.  20549

                                FORM 10-QSB

                QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the quarter ended September 30, 2003

                        Commission File Number 0-10683


                               HYDROMER, INC.
           -----------------------------------------------------
           (Exact name of registrant as specified in its charter)

             New Jersey                                 22-2303576
   ------------------------------------------------------------------------
      (State of incorporation)                     (I.R.S. Employer
                                                    Identification No.)

         Industrial Pkwy, Branchburg, New Jersey         08876-3518
        ------------------------------------------------------------
         (Address of principal executive offices)        (Zip Code)

    Registrant's telephone number, including area code:    (908) 526-2828

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

       Securities registered pursuant to Section 12 (g) of the Act:

                         Common Stock Without Par Value
                         ------------------------------
                                (Title of class)

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

  Indicate the number of shares outstanding or each of the issuer's classes
of Common Stock as of the close of the period covered by this report.

      Class                           Outstanding at September 30, 2003
   ------------------------------------------------------------------------
      Common                                   4,587,987




<PAGE>

                                 HYDROMER, INC.


                             INDEX TO FORM  10-QSB
                               September 30, 2003

                                                                      Page No.
Part I - Financial Information

     Consolidated Financial Statements

      Balance Sheets - September 30, 2003 & June 30, 2003............     2

      Statements of Income for the three months ended
       September 30, 2003 and 2002...................................     3

      Statements of Cash Flows for the three months ended
       September 30, 2003 and 2002...................................     4

      Notes to Financial Statements..................................     5

      Management's Discussion and Analysis of the Financial Condition
       and Results of Operation......................................     6



Part II - Other Information..........................................     7



                                 EXHIBIT INDEX

Exhibit No.     Description of Exhibit

33.1            SEC Section 302 Certification - CEO certification ...     9
33.2            SEC Section 302 Certification - CFO certification ...    10
99.1		Certification of Manfred F. Dyck, Chief Executive
                 Officer, pursuant to 18 U.S. C. Section 1350 .......    11
99.2		Certification of Robert Y. lee, Chief Financial
                 Officer, pursuant to 18 U.S. C. Section 1350 .......    11




<PAGE>



                   HYDROMER, INC. and CONSOLIDATED SUBSIDIARY
                         CONSOLIDATED BALANCE SHEETS


                                       September 30,        June 30,
                                           2003               2003
                                        UNAUDITED            AUDITED
                                       -------------        --------
Assets
 Current Assets:
  Cash and cash equivalents...........  $   141,430      $    97,676
  Trade receivables less allowance
   for doubtful accounts of $6,595 as
   of September 30, 2003 and $15,097
   as of June 30, 2003................    1,087,699        1,193,525
  Inventory...........................    1,026,763          980,401
  Prepaid expenses....................      118,186          123,368
  Deferred tax asset..................      316,798          316,798
  Other...............................       21,179           16,575
                                          ---------        ---------
  Total Current Assets...............,    2,712,055        2,728,343

 Property and equipment, net..........    2,760,278        2,745,148
 Patents, net.........................      583,940          574,238
 Trademarks...........................       38,500           37,511
 Goodwill, net........................      490,172          490,172
                                          ---------        ---------
 Total Assets                           $ 6,584,945      $ 6,575,412
                                          =========        =========

Liabilities and Stockholders' Equity Current Liabilities:
  Accounts payable....................  $   482,079      $   454,783
  Short-term borrowings...............      542,223          597,286
  Accrued expenses ...................      244,057          195,311
  Current portion of mortgage payable.       92,023          101,234
  Income tax payable..................       20,519           16,500
                                          ---------        ---------
  Total Current Liabilities               1,380,901        1,365,114


 Deferred tax liability...............      161,500          161,500
 Long-term portion of mortgage payable    1,424,590        1,440,227
                                          ---------        ---------
 Total Liabilities                        2,966,991        2,966,841

Stockholders' Equity
 Preferred stock - no par value,
  authorized 1,000,000 shares, no shares
  issued and outstanding                          -                -
 Common stock - no par value, authorized
  15,000,000 shares, issued
  4,598,904 shares and outstanding,
  4,587,987 shares....................    3,608,118        3,608,118
 Contributed capital..................      577,750          577,750
 Accumulated deficit..................     (561,774)        (571,157)
 Treasury stock, 10,917 common shares at
  cost................................       (6,140)          (6,140)
                                          ---------        ---------
 Total Stockholders' Equity               3,617,954        3,608,571
                                          ---------        ---------
 Total Liabilities and Stockholders'
  Equity                                $ 6,584,945      $ 6,575,412
                                          =========        =========



                                        -2-

<PAGE>

                  HYDROMER, INC. and CONSOLIDATED SUBSIDIARY
                       CONSOLIDATED STATEMENTS OF INCOME



                                                 Three Months Ended
                                                    September 30,
                                                 2003           2002
                                             ---------------------------
                                              Unaudited       Unaudited
Revenues
 Product sales and services..........       $ 1,081,892     $  903,544
 Royalties, options and licenses.....           557,973        521,217
                                              ---------      ---------
 Total Revenues......................         1,639,865      1,424,761

Cost of Sales........................           587,815        489,931
                                              ---------      ---------
Gross Profit.........................         1,052,050        934,830

Operating expenses...................         1,011,670        870,265
                                              ---------      ---------
Operating Income.....................            40,380         64,565

Interest Income......................                22            113
Interest Expense.....................           (30,760)       (26,856)
Other Income.........................                 -            694
                                              ---------      ---------
Income before provision for income taxes          9,642         38,516

Provision for Income Taxes ..........               259         13,999
                                              ---------      ---------
Net Income ..........................       $     9,383     $   24,517
                                              =========      =========

Earnings Per Common Share                   $      0.00     $     0.01
                                              =========      =========
Weighted Average Number of Common
 Shares Outstanding..................         4,587,987      4,587,987
                                              =========      =========

The effects of the common stock equivalents on diluted earnings per share
 are not included as they have no impact.



                                        -3-

<PAGE>

                   HYDROMER, INC. and CONSOLIDATED SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS



                                               Three months ended
                                                  September 30,
                                                2003         2002
                                             -----------------------
                                                    Unaudited

Cash Flows From Operating Activities:
 Net Income..........................       $   9,383      $  24,517
 Adjustments to reconcile net income to
  net cash provided by operating activities
  Depreciation and amortization......          45,032         40,260
  Deferred income taxes..............               -          8,499
  Changes in Assets and Liabilities
   Trade receivables.................         105,826         51,437
   Inventory.........................         (46,362)        19,026
   Prepaid expenses..................           5,182         45,785
   Patents and Trademark.............         (10,691)        (9,832)
   Other assets......................          (4,604)         4,667
   Accounts payable and accrued liabilities    76,043       (130,518)
   Income taxes payable..............           4,019          5,500
                                              -------        -------
   Net Cash Provided by Operating Activities  183,828         59,341
                                              -------        -------

Cash Flows From Investing Activities:
 Cash purchases of property and equipment     (60,163)       (41,428)
                                              -------        -------
   Net Cash Used for Investing Activities     (60,163)       (41,428)
                                              -------        --------

Cash Flows From Financing Activities:
 Net (payments) borrowings against Line
  of Credit.........................          (55,063)        65,913
 Repayment of long-term borrowings..          (24,848)       (14,167)
                                              -------        -------
   Net Cash (Used for) Provided by
     Financing Activities                     (79,911)        51,746
                                              -------        -------

Net Increase in Cash and Cash Equivalents:     43,754         69,659
Cash and Cash Equivalents at Beginning of
 Period...............................         97,676        111,148

 Cash and Cash Equivalents at End of Period $ 141,430      $ 180,807
                                             ========        =======


                                     -4-

<PAGE>


                 HYDROMER, INC. and CONSOLIDATED SUBSIDIARY

                 Notes to Consolidated Financial Statements

In the opinion of management, the accompanying unaudited financial statements
include all adjustments (consisting of only normal adjustments) necessary for
a fair presentation of the results for the interim periods.  Certain
reclassifications have been made to the previous years results to present
comparable financial statements.

Segment Reporting:

The Company operates two primary business segments.  The Company evaluates
the segments by revenues, total expenses and earnings before taxes.  Corporate
Overhead is excluded from the business segments as to not distort the
contribution of each segment.

The results for the three months ended September 30, by segment are:

                                Polymer     Medical    Corporate      Total
                                Research    Products   Overhead
-------------------------------------------------------------------------------
2003

Revenues                      $  972,982  $  666,883                $1,639,865
Expenses                        (666,998)   (674,888) $ (288,337)    1,630,223
Earnings (Loss) before Income    ---------------------------------------------
 Taxes                        $  305,984  $   (8,005) $ (288,337)   $    9,642
                                 =============================================

2002

Revenues                      $  890,814  $  533,947                $1,424,761
Expenses                        (586,950)   (548,505) $ (250,790)    1,386,245
Earnings (Loss) before Income    ---------------------------------------------
 Taxes                        $  303,864  $  (14,558) $ (250,790)   $   38,516
                                 =============================================

The prior period segment information has been restated to conform to the
current year presentation.

Geographic revenues were as follows for the three months ended September 30,


                                    2003             2002
                                   -----------------------
              Domestic               83%              82%
              Foreign                17%              18%


Subsequent Event

On October 30, 2003 the Company refinanced its first mortgage loan from PNC
Bank with another financial institution.  The new loan is a fixed 10-year loan
at 6.52% secured by the real estate and improvements and all rents from
leases subsequently entered into. The balance sheet reflects the current
maturities of the new loan.



                                    -5-

<PAGE>


MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Results of Operations

The Company's revenues for the quarter ended September 30, 2003 were
$1,639,865 as compared to $1,424,761 for the same period last year or an
increase of 15.1%.  Revenues are comprised of Royalty, Options and License
payments and the sale of Products and Services.

     Royalty, license and option revenues from patented products were $557,973
     for the quarter up 7.1% from the $521,217 the same period a year ago,
     augmented by a termination agreement with one of our licensees for $35,000
     in which we also obtained their FDA 510K on a product.

     Product sales and services were $1,081,892 for the quarter ended
     September 30, 2003 as compared to $903,544 for the same period last year,
     an increase of 19.7%.  Investment to our capabilities and technologies
     continue to pay off.  We continue to see an upward trend to revenues due
     to new offerings and their subsequent market share penetration.  Growth
     this period came from our contract coating services line.  Excluded from
     this quarter's revenues was a significant order ($150,000) which was
     delayed until the second week of October.

     As of September 30, 2003, our open sales order book, in addition to the
     above order, was in excess of $800,000.  Although this amount includes
     orders that are for delivery throughout the current fiscal year, it
     excludes new orders that would come up during the normal course of
     business for immediate delivery.

For the three months ended September 30, 2003, the Company's gross profit
was $1,052,050.  This compares with $934,830 the same period last year, or
an increase of 12.5%.

     The Company's Cost of Goods Sold was $587,815 for the quarter ended
     September 30, 2003 as compared with $489,931 the year prior.  There was
     a higher cost of goods sold corresponding to the higher services revenues.


     Royalty, option and license income is included in gross profit at 100%.

For the quarter ending September 30, 2003, the Company is reporting Operating
income of $40,380 as compared with $64,565 the year before.

     Operating expenses was $1,011,670 for the quarter ended September 30,
     2003 as compared with $870,265 the year before.  Higher personnel costs
     from added staffing as part of the Company's investment for the future
     resulted in the increase in Operating expenses.  This includes additions
     in personnel during this recent quarter as well as those after the close
     of the quarter ended September 30, 2002.

Income before Income Taxes was $9,642 for the current quarter as compared
with $38,516 the year before.

     Interest expense, primarily mortgage interest, was $30,760 for the three
     months ended September 30, 2003 as compared with $26,856 the respective
     period a year ago.

Net Income of $9,383 ($0.00 per share) is reported for the quarter ended
September 30, 2003 as compared to $24,517 ($0.01 per share) the year before.

     Income taxes for the quarter ended September 30, 2003 was $259 as
     compared with $13,999 the quarter ended September 30, 2002.  Reducing
     the tax provision for the three months ended September 30, 2003 was a
     benefit of $4,260 representing a tax refund for a previous tax period.

     Our long-term investment in additional staffing, primarily in research
     and development and engineering services, increased operating expenses
     in the current period for planned returns in the near future.  A delayed
     order (shipped in October) pushed additional earnings from the quarter
     ending September 30, 2003 into the subsequent quarter.


                                     -6-

<PAGE>



Financial Condition

Working capital decreased $32,076 during the three months ended September 30,
2003.  Management believes that its current working capital and available
line of credit, along with expected income and expense streams, are
sufficient to maintain its current level of operations.

Net operating activities provided for $183,828 for the three month period
ended September 30, 2003.

     Net income adjusted for non-cash expenses, provided $54,415 in net cash.
     Working capital accounts provided an additional $129,413 in net cash:
     primarily from the collection of receivables (provided $105,826) and the
     increase in accounts payable and accrued liabilities and inventories
     (which provided another $29,681, net).

Investing activities used $60,163 on capital expenditures and financing
activities used $79,911 during the three months ended September 30, 2003.

     Capital expenditures (adding new production capabilities/rooms) were the
     Company's investing activities this past quarter.  Payment of the
     monthly mortgage loan installments and reductions to short-term
     borrowings were the financing activities during the quarter.

Disclosure Controls and Procedures

The evaluation of the Company's Internal Controls Environment concluded that
it was effective for the safeguarding of assets and in ensuring that
management is presented material information regarding the organization.
The evaluation also determined that there are areas that could be improved
upon, however, the controls and procedures in place were appropriate for the
type and size of the Company.

The Company has again reviewed its Internal Controls Environment during the
prior 90 days, and it has been determined that there have been no significant
changes in internal controls or in other factors that could significantly
affect the financial statements.


PART II - Other Information

The Company currently operates entirely from its owned facility in Branchburg,
New Jersey since the beginning of the 2002 calendar year.  Prior to that, a
portion of the Company's manufacturing and quality assurance functions were
located at 35 Columbia Road, also in Branchburg, New Jersey.  The Columbia
Road facility was under a lease with a party not affiliated with the Company.

The Company's facility, located at 35 Industrial Parkway, Branchburg, NJ was
expanded in 2001 allowing it to consolidate all of its operations into one
location.  The facility is secured by mortgages through banks.

The existing facility will be adequate for the Company's operations for the
foreseeable future.

Item 6.  Exhibits and Reports on form 8-K:

a)   Exhibits

     None

b)   Reports on form 8-K

     A Form 8-K was filed during the quarter ending September 30, 2003
     reporting the Company's announcement of a U.S. Patent grant.


                                     -7-

<PAGE>


                                  SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on his behalf by the
undersigned thereunto duly authorized.


			HYDROMER, INC.

			/s/ Robert Y. Lee
                        ------------------
                        Robert Y. Lee
			Chief Financial Officer




                                     -8-

<PAGE>

DATE: November 12, 2003



EXHIBIT 33.1

I, Manfred F. Dyck, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Hydromer, 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 officer, Mr. Robert Y. Lee and I am
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 officer, Mr. Robert Y. Lee 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;
and

6. The registrant's other certifying officer, Mr. Robert Y. Lee and I have
indicated in this quarterly report whether 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 12, 2003


/s/ Manfred F. Dyck
-----------------------------------
Manfred F. Dyck, President and CEO


                                     -9-

<PAGE>


EXHIBIT 33.2

I, Robert Y. Lee, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Hydromer, 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 officer, Mr. Manfred F. Dyck and I am
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 officer, Mr. Manfred F. Dyck 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;
and

6. The registrant's other certifying officer, Mr. Manfred F. Dyck and I have
indicated in this quarterly report whether 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 12, 2003

/s/ Robert Y. Lee
------------------------------------------------
Robert Y. Lee, Vice President of Finance and CFO



                                      -10-

<PAGE>

                                  EXHIBIT 99.1

                   CERTIFICATION OF CHIEF EXECUTIVE OFFICER
                                  PURSUANT TO
                            18 U.S.C. SECTION 1350,
                            AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Manfred F. Dyck, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly
Report of Hydromer, Inc. on Form 10-QSB for the quarter ended September 30,
2003 fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 and that information contained in such report
fairly presents in all material respects the financial condition and results
of operations of Hydromer, Inc.

Date: November 12, 2003        By: /s/ Manfred F. Dyck
                                -----------------------------------------------
                                Manfred F. Dyck
                                Chairman, President and Chief Executive Officer



                                 EXHIBIT 99.2

                   CERTIFICATION OF CHIEF FINANCIAL OFFICER
                                 PURSUANT TO
                            18 U.S.C. SECTION 1350,
                            AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Robert Y. Lee, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly
Report of Hydromer, Inc. on Form 10-QSB for the quarter ended September 30,
2003 fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 and that information contained in such report
fairly presents in all material respects the financial condition and results
of operations of Hydromer, Inc.

Date: November 12, 2003	        By: s/ Robert Y. Lee
                                --------------------------
                                Robert Y. Lee
                                Chief Financial Officer and Vice President
                                 of Finance