U.S. Securities and Exchange Commission
                             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 March 31, 2002

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934 for the transition period from _______ to _______


                                 XENICENT, INC.
                                 --------------
        (Exact name of small business issuer as specified in its charter)


     North Carolina                              36-4344865
     --------------                              ----------
(State or other jurisdiction of                 (IRS Employer
incorporation or organization)                identification No.)


               18 Brookmont Drive, Wilbraham, Massachusetts 01095
               --------------------------------------------------
                    (Address of principal executive offices)

                                 (413) 599-0005
                                 --------------
                           (Issuer's telephone number)





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

Number of shares of common stock outstanding as of
May 14, 2002: 8,845,000

Number of shares of preferred stock outstanding as of
May 14, 2002: -0-









<TABLE>
<CAPTION>


                                      XENICENT, INC.
                                      BALANCE SHEETS
                          AT MARCH 31, 2002 AND DECEMBER 31, 2001


                                          ASSETS
                                          ------

<S>                                                                <C>         <C>
                                                                    (Unaudited)
                                                                        2002        2001
CURRENT ASSETS
-----------------------------------------------------------------
  Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $     102   $  11,219
  Prepaid expenses. . . . . . . . . . . . . . . . . . . . . . . .          -       2,500
    TOTAL CURRENT ASSETS. . . . . . . . . . . . . . . . . . . . .        102      13,719
                                                                  ----------  -----------
PROPERTY AND EQUIPMENT
-----------------------------------------------------------------
  Furniture and office equipment. . . . . . . . . . . . . . . . .      6,800       6,800
  Accumulated depreciation. . . . . . . . . . . . . . . . . . . .     (4,250)     (4,080)
     Net property and equipment . . . . . . . . . . . . . . . . .      2,550       2,720
                                                                   ----------  ----------

    TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . . . .  $   2,652   $  16,439
                                                                   =========  ===========

LIABILITIES AND STOCKHOLDERS' DEFICIT
-----------------------------------------------------------------

CURRENT LIABILITIES
-----------------------------------------------------------------
  Loan from stockholder . . . . . . . . . . . . . . . . . . . . .      7,570       7,520
    TOTAL CURRENT LIABILITIES . . . . . . . . . . . . . . . . . .      7,570       7,520
                                                                  -----------  ----------

STOCKHOLDERS' DEFICIT
-----------------------------------------------------------------
  Common stock ($.001 par value, 50,000,000 shares authorized:
   8,845,000 issued and outstanding). . . . . . . . . . . . . . .      8,845       8,845
  Preferred stock ($.001 par value, 5,000,000 shares authorized:
   none issued and outstanding) . . . . . . . . . . . . . . . . .        -0-         -0-
  Additional paid-in-capital. . . . . . . . . . . . . . . . . . .    483,397     483,397
  Retained deficit. . . . . . . . . . . . . . . . . . . . . . . .   (497,160)   (483,323)
    TOTAL STOCKHOLDERS' DEFICIT . . . . . . . . . . . . . . . . .     (4,918)      8,919
                                                                 -------------  ---------

    TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT . . . . . . . . .  $   2,652   $  16,439
                                                                  ==========  ===========
</TABLE>






<TABLE>
<CAPTION>


                                 XENICENT, INC.
                      STATEMENTS OF OPERATIONS (UNAUDITED)
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001





<S>                              <C>          <C>
                                       2002         2001
REVENUE AND COST OF SALES:
-------------------------------
  Contract sales. . . . . . . .  $      -0-   $      -0-
  Cost of sales . . . . . . . .         -0-          -0-
  Gross Profit. . . . . . . . .           -            -
                                 -----------  -----------

OPERATING EXPENSES:
-------------------------------
  Advertising . . . . . . . . .         -0-          840
  Depreciation. . . . . . . . .         170          170
  Office expenses . . . . . . .         -0-       15,401
  Professional fees . . . . . .      13,617       19,480
  Telephone . . . . . . . . . .         -0-        1,840
  Travel & automobile expenses.         -0-        4,210
    TOTAL EXPENSES. . . . . . .      13,787       41,941

    OPERATING LOSS. . . . . . .     (13,787)     (41,941)

OTHER (EXPENSE):
-------------------------------
  Interest expense. . . . . . .         (50)      (1,365)
    TOTAL OTHER (EXPENSE) . . .         (50)      (1,365)
                                 -----------  -----------

      (LOSS) BEFORE TAXES . . .     (13,837)     (43,306)

      INCOME TAX PROVISION. . .         -0-          -0-

      NET (LOSS). . . . . . . .  $  (13,837)  $  (43,306)
                                 ===========  ===========
  Net (loss) per common share
  Basic & fully diluted . . . .  $       **   $    (0.01)
                                 ===========  ===========
  Weighted average common
  shares outstanding. . . . . .   8,845,000    8,832,000
                                 ===========  ===========
** Less than $.01
</TABLE>











<TABLE>
<CAPTION>


                                 XENICENT, INC.
                      STATEMENTS OF CASH FLOWS (UNAUDITED)
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001

<S>                                         <C>        <C>
                                            2002          2001

CASH FLOWS FROM OPERATING ACTIVITIES:
------------------------------------------
  Net loss . . . . . . . . . . . . . . . .  $(13,837)  $(43,306)
  Adjustments to reconcile net loss to net
  cash used in operating activities:
    Depreciation . . . . . . . . . . . . .       170        170
    Interest accrual . . . . . . . . . . .        50        -0-
    Decrease in operating assets:
      Prepaid expenses . . . . . . . . . .     2,500        -0-
      Recoverable income taxes . . . . . .       -0-     12,700
                                          ----------   ---------
      NET CASH (USED IN) OPERATING
      ACTIVITIES . . . . . . . . . . . . .   (11,117)   (30,436)
                                          ----------   ---------
      NET (DECREASE) IN CASH AND
      CASH EQUIVALENTS . . . . . . . . . .   (11,117)   (30,436)
                                          ----------   ---------
CASH AND CASH EQUIVALENTS:
------------------------------------------
      Beginning of period. . . . . . . . .    11,219     44,729
                                          ----------   ---------
      End of period. . . . . . . . . . . .  $    102   $ 14,293
                                          ----------   ---------
</TABLE>













                                 XENICENT, INC.
                          NOTES TO FINANCIAL STATEMENTS
                           March 31, 2002 (UNAUDITED)


ITEM 1.
-------

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information  and  pursuant  to  the  rules  and  regulations  of  the
Securities  and Exchange Commission. Accordingly, they do not include all of the
information  and  footnotes required by generally accepted accounting principles
for  complete  financial  statements.

In  the  opinion  of  management, the unaudited condensed consolidated financial
statements  contain all adjustments consisting only of normal recurring accruals
considered necessary to present fairly the Company's financial position at March
31,  2002,  the results of operations for the three month period ended March 31,
2002  and  2001,  and  cash  flows for the three months ended March 31, 2002 and
2001.  The  results  for  the  period  ended March 31, 2002, are not necessarily
indicative  of  the  results  to  be  expected for the entire fiscal year ending
December  31,  2002.

NOTE  2  -  EARNINGS  (LOSS)  PER  SHARE

The  following  represents  the  calculation  of  earnings  (loss)  per  share:

                                    Three                   Three
                                    Months  Ended           Months  Ended
BASIC  & FULLY DILUTED*             March 31, 2002          March 31, 2001
--------------------------          --------------          --------------
Net loss                         $     (13,837)            $     (43,306)

Less- preferred stock dividends           -0-                       -0-
                                    ------------              ------------

Net loss                         $     (13,837)            $     (43,306)

Weighted average number
Of common shares                     8,845,000                 8,832,000
                                    ------------             --------------
        -

Basic & fully diluted*
loss per share                   $        **               $        (.01)
                                    ============             ==============


* The Company had no common stock equivalents during the periods presented
** Less than $.01






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

With  the  exception of historical facts stated herein, the matters discussed in
this  report  are  "forward  looking"  statements  that  involve  risks  and
uncertainties  that  could  cause  actual  results  to  differ  materially  from
projected  results.  Such  "forward  looking"  statements  include,  but are not
necessarily  limited  to,  statements  regarding  anticipated  levels  of future
revenues and earnings from operations of the Company. Readers of this report are
cautioned  not to put undue reliance on "forward looking" statements, which are,
by  their  nature,  uncertain  as reliable indicators of future performance. The
Company  disclaims  any  intent  or obligation to publicly update these "forward
looking"  statements,  whether as a result of new information, future events, or
otherwise.  In  addition  the  uncertainties  include,  but  are  not limited to
competitive  conditions  involving  the  real  estate  market.

GENERAL  DESCRIPTION  OF  BUSINESS
----------------------------------

Business Development.

We  were  incorporated  in  North  Carolina  on  July  26,  1996  as  Great Land
Development  Co.  We  changed  our  name  to Xenicent, Inc. on November 8, 2000.
Since  our  incorporation  as Great Land Development Co., we have engaged in the
business of real estate consulting and purchasing and reselling vacant tracts of
land,  primarily  in  the North Carolina area. We have never been the subject of
any  bankruptcy  or  receivership.  We  have  had  no material reclassification,
merger, consolidation, or purchase or sale of a significant amount of assets not
in  the  ordinary  course  of  business.

OUR  LAND  DEVELOPMENT  BUSINESS:
---------------------------------

We  have  a  real  estate  real  estate  development  business. Real estate land
development  consists  of  purchasing  the land, and actually completing all the
evaluations  at  our  own  expense,  as  follows:
     Providing  site  inspections;
     Reviewing environmental engineering reports;
     Arranging for surveyors to determine property lines;
     Encroachments, where lakes and environmental impacts are located in
     conjunction to the developable land;
     Obtaining bank financing;
     Completing zoning approvals

We  have  targeted  North  Carolina as our principal market. In Charlotte, North
Carolina,  approximately  10,000 single housing units are being built each year.
An  additional 5,000 units are being built each year in the counties surrounding
Charlotte.

 We  have  targeted South Carolina to a lesser extent. We have not conducted any
real  estate  development  in South Carolina or have any contracts providing for
any  real  estate  development.  In addition, we have not developed any contacts
with  developers, subcontractors or any other real estate affiliated entities to
assist us in conducting our business in South Carolina. We currently do not have
a  timetable  for targeting properties in South Carolina and do not expect to do
so  until  our  real  estate  development  is  underway  in  North  Carolina.

Our  success  will be dependent upon implementing our plan of operations and the
risks  associated  with  our  business  plans. We operate a land development and
resale  business  in the Charlotte, North Carolina area. We also plan to provide
land  development  consulting  services  to  various  unrelated  developers  and
builders. We plan to strengthen our position in these markets. We plan to expand
our  operations  through  our  acquisition  and/or  development of land parcels.

We  presently  have  no  land  parcels  available for resale, nor do we have any
contracts  to  purchase  land  parcels.  In  addition,  we  are not currently in
negotiations  for  the  purchase of any land parcels. We anticipate that we will
begin  to locate and negotiate for the purchase of land tracts in North Carolina
during  the  third  quarter  of  2002. We hope to acquire additional real estate
parcels this year, and to utilize the proceeds from the resale of those parcels,
along with its revenues from consulting services, to pay our operating costs for
the  next twelve months; however, there are no assurances that this revenue will
be sufficient to cover our operating costs. Accordingly, if our revenues are not
sufficient,  we  will  rely  upon capital infusions from our president; however,
there are no assurances that our president will have sufficient funds to provide
such  capital  infusions.

OUR REAL ESTATE CONSULTING BUSINESS:
------------------------------------

Our real estate consulting business, on the other hand, performs essentially the
same  tasks  as our real estate development business, but is not responsible for
actually completing and paying for the labor to be completed. Additionally, with
consulting  one  of  our  primary  objectives  is  to  link the seller and buyer
together  and  help  the  buyer  achieve  these  evaluations  at  their expense.

OUR LAND DEVELOPMENT AND REAL ESTATE CONSULTING SERVICES REQUIRE US TO PERFORM
------------------------------------------------------------------------------
THE FOLLWING TASKS:
-------------------

1.     Zoning Approval

Prior  to  purchase  of  any land parcels, we will obtain verification of zoning
approval  from the local county and city governments. After the purchase of land
tracts,  we  will  seek to obtain governmental zoning approvals to build houses,
condominiums, and townhouses, as the land would allow for what we perceive to be
the  most  advantageous  use.

2.     Soil Testing

Prior to the purchase of land tracts, we will obtain and arrange for soil
testing from a North Carolina soil surveyor. We will obtain complete soil tests
from certified soil engineers to determine the quality of the soil for
construction of buildings or homes.

3.     Recorded and Approved Plot Plan

Prior to purchasing land tracts, we will obtain a recorded and approved plot
plan. We will obtain complete approvals stamped by the local registry of deed of
subdivision approvals.




4.     Existing Wetland

Prior to purchasing land tracts, we will obtain maps indicating where existing
wetlands are located. We will obtain from local engineering firms wetland
evaluations for parcels of lands. Our assessment will include site inspections
and our review of detailed maps.

5.     Survey

Prior  to  purchasing  land tracts, we will arrange for a stamped North Carolina
surveyor  that will conduct a survey that includes a complete listing of all the
features required by law to be in a certified survey, including metes and bounds
distance total number of acres, streams, public easements, private easements and
topography  of  the  site.

6.     Sketch Plan

Prior  to  purchasing  land tracts, we will arrange for a sketch plan indicating
where  trees  and  bushes  are required to be planted within the subdivision. We
will  provide  a complete parks and recreation artist sketch plan that indicated
where  all  required  improvements  must  be  located.

7.     Public Agencies that Regulate Land Development

We  will  assemble  names  and address of all public agencies that regulate land
development,  with  the following information for our or our consulting client's
personal  records:
-     Name  of  city  with  jurisdiction;
-     Name of county with jurisdiction;
-     Name of planning director;
-     Name of City Engineer;
-     Name of waste authority;
-     Name of sewer authority; and
-     Name and contact of State Department of Transportation driveway permit
      approvals

8.     Permits

We  will  obtain  copies of permits for necessary governmental agencies. We will
provide  all  copies  and  a checklist necessary to verify all existing permits.

9.     U.S. Core of Engineers

We  will obtain copies of U.S. Core of Engineers acknowledging their approval of
all  impacted  areas. We will provide all information to acknowledge that the US
Core  of  Engineers  has  completed  a  proper  assessment.

10.     Driveway Permits

We will obtain copies of State Department of Transportation driveway permits. We
will obtain full maps and permits as was approved by the State Department of
Transportation.

11.     Proposed Roads and Roadways

We will obtain copies of all approved road plans. We will obtain all maps and
engineering road profiles as would be required to obtain approvals to construct
any proposed road or roadways.

12.     Sewerage Disposal

We  will  obtain  notices of approvals of proper sewerage disposal. We will also
obtain  flow and volume calculations and total sewerage discharge into public or
private  systems.  Flow and volume calculations indicate the ability of specific
sewer lines to handle certain quantities of sewerage. We use the flow and volume
calculations  for  the  purpose  of:
-     Sizing  of  pipes
-     To design additional sewers
-     Measure the rate and volume of sewerage intake into existing lines

13.     Water Use

We will obtain all the necessary calculations from testing as may be required by
local  and  state authorities to assure adequate drinking water standards. These
water  quality  calculations  are always done before purchase of the property to
attempt  to mitigate such a situation. We would not purchase a property that did
not  have  an adequate public water supply. These calculations would consist of:
-     Availability  of  proper  flow  of  water,  based  on  anticipated  water
      consumption
-     Water quality testing to ensure safe drinking water that would detect
      acceptable levels of bacteria, nutrients, and chemical.

The purpose of obtaining these calculations is to ensure adequacy of public
water quality.

14.     Endangered Species

We  will obtain copies of all endangered species affecting the property. We will
obtain  a  site  visit  by  a  licensed  engineer to determine the impact of any
endangered  species.  We  will  also have the property reviewed by an endangered
species  specialist  to  determine  the  existence  and impact of any endangered
species.  If  we  receive  adverse  information  regarding  endangered  species
affecting  the property and we determine that the endangered species are adverse
to  our  intended use of the property, we would not proceed with the purchase pf
the  property.

15.     Historical Designation

We  will  obtain copies of all historical designation affecting the property. We
will  obtain  a  site  visit  by  a licensed engineer to determine the impact of
historical  designations.  If the property has historical designation status, we
will apply for permit approval that is consistent with the location's historical
designation. If we are unable to receive permits for our intended use due to the
location's  historical designation, we will not proceed with the purchase of the
property  or  we  will  recommend  against  the  purchase of the property to our
consulting  client.





16.     Engineering Department Approvals

We will obtain approval letters from local governmental engineering departments.
All  approvals  from  the  local  and state engineering departments will include
necessary  site  visits  and  approval meeting all requirements. Each individual
municipality  and  city  has  its own engineering department with its own set of
rules.  Each  engineering department publishes various requirements pertinent to
the  local  area  such  as:
-     Road  design;
-     Site design;
-     Water services;
-     Sewer service;
-     Police and fire protection.

Prior to purchase of a property, we review these regulations to determine
whether our future development is economically feasible; if not, we will not
proceed with the purchase of the land or we will recommend against proceeding
with the purchase of the land to our consulting client.

17.     Variance Board Approvals

We will obtain all variance board approvals.  We will obtain all correspondences
and  approvals  from  any  variances board necessary to achieve our approvals to
accommodate development that otherwise would not be approved within their normal
building  usage, including possible petitions and exception applications for our
intended  use  of  the  land.  Generally, these requirements are reviewed by the
appropriate  city  council to determine whether the project is beneficial to the
city.  If  we are unable to obtain variance board approvals we will petition the
city  council  for an exception for the use of the land or recommend such action
to  our  consulting  client.  We will also attempt to get the community involved
through  written  petitions if the project is believed to add value to the local
area. If we are still unable to gain variance approval, we will not purchase the
property  or  recommend  against the property purchase to our consulting client.

18.     Complete Approvals of Proposed Builders' Approvals

We will obtain all necessary documentation to verify complete approvals of
proposed builders' approvals.  Builder's approvals show that the property can be
used for the builder's desired purpose.  Builder's approvals are obtained by the
builder and are written into the contract prior to purchase to ensure that the
builder can develop the property as desired.

LAB ON A CHIP DEVELOPMENT
-------------------------

During  the  first  quarter  of  2002,  the Company announced that it is seeking
development  of 'Lab on a Chip' technology. Lab on a Chip is a prototype testing
device that can perform laboratory functions such as air, water or blood testing
from  a  small desktop device which produces real-time data results. The company
is not producing the technology 'in-house' as part of its normal operations, but
rather is seeking licensing and production rights from an unrelated third party.
As  of the date of this report, no formal relationship has been made between the
Company  and  the  third  party. There also can be no assurance that the Company
will  be  successful  in  acquiring  the  necessary technology or developing and
marketing  the  related  products.

RESULTS  OF  OPERATIONS
-----------------------

Net  Loss

The Company had a net loss of $(13,837), or less than $.01 per common share, for
the  three  months ended March 31, 2002, versus a net loss of $(43,306), or $.01
for  the  same period ended March 31, 2001. The change in net loss was primarily
due to a decrease in total operating expenses. Also we performed no construction
contracts  or  consulting  services  during  the  first  quarter.

Sales

We  did  not  have  revenues for the first quarter of the year, as there were no
construction contracts initiated and no consulting services performed. We had no
revenues  from  contract  sales  in  the  comparable  period last year. This was
primarily  due to us seeking out larger properties to develop in our local area.
However, we have not succeeded in locating any new projects. We do not expect to
have  additional  contract  revenues  until  September  of  2002.

Expenses

Operating  expenses  for the three months ended March 31, 2002 decreased $41,941
to  $13,787.  In  comparison  with  the three-month period ended March 31, 2001,
advertising,  office  expenses  and  travel  expense decreased $840, $15,401 and
$4,210,  respectively  since  the Company was not operating any new construction
projects.  Professional  fees  decreased $5,863 in connection with reduced legal
and  accounting  services.

Liquidity  and  Capital  Resources

On  March  31,  2002,  the Company had cash of $102 and a $7,468 working capital
deficit.  This  compares  with  cash of $11,219 and working capital of $6,199 at
March  31,  2001.  The  change  in working capital was due to a decrease in cash
incurred  in  current  operations.

Net  cash  used  in  operating activities was $11,117 for the three months ended
March  31,  2002  as  compared with net cash provided by operating activities of
$30,436  for  the  period  ended  March  31,  2001. The decrease in cash used in
operations  was primarily attributable to a decrease in net loss for the current
quarter  as  compared  to  the  prior  year's  quarter.


PART II. OTHER INFORMATION
--------

Item 1. Legal Proceedings

None.


Item 2. Changes in Securities

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None.

Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits

3.  Articles  of  Incorporation  with  amendments and bylaws are incorporated by
reference  to  Exhibit  No.  1  of  Form  SB-2  as  amended  filed  April  2001.

          99  Press  release  issued  on  Lab  on  a  Chip  Technology

(b)  Reports  on  Form  8-K

          None

                                   SIGNATURES
                                   ----------

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

                                        XENICENT, INC.
                                        --------------
                                        (Registrant)


                                        /S/Duane Bennett, President
Date:  May 14, 2002                    __________________________
                                        Duane Bennett, President