United
  States 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 August 31, 2002

> []
>       TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT

For
  the transition period from _____________ to __________________

Commission
  File Number:000-29990

SENSE
  TECHNOLOGIES INC.(Name
  of Small Business Issuer in its charter)

|Yukon
      Territory                   |  | 90010141                          
|--------------------------------------- |  | ----------------------------------
|(state
        or other jurisdiction of |  | (I.R.S.
        Employer I.D. No.)
|incorporation
        or organization)  |  |                                   

800
  Clanton Road, Suite U, Charlotte, North Carolina  28217(Address
  of principal executive offices)

(704)
  522-7999Issuers
  telephone number

_________________________________________________________________
  Former name, former address, and former fiscal year, if changed since last report

Check
  whether the registrant (1) filed all reports required to be filed by sections
  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 [   ]

APPLICABLE
  ONLY TO ISSUERS INVOLVED IN BANKRUPTCYPROCEEDINGS
  DURING THE PRECEDING FIVE YEARS:

Check
  whether the registrant filed all documents and reports required to be filed
  by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities
  under a plan confirmed by a court.YES
  [   ] NO [   ]

APPLICABLE
  ONLY TO CORPORATE ISSUERS

State the number
  of shares outstanding of each of the issuers classes of common equity,
  as of the latest practicable date:

As of August
  31, 2002, the registrants outstanding common stock consisted of 12,993,908
  shares.

Transitional
  Small Business Disclosure Format (Check one): YES [   ] NO [X]

---

SENSE
  TECHNOLOGIES INC.

INDEX
  TO FORM 10QSB

PART I 
  FINANCIAL INFORMATION

|Item
        1. | Financial
      Statements              
|--------------- | ----------------------------------------
|                |                                         
|Item
        2. | Management
      Discussion and Analysis
|                | or
      Plan of Operation              

PART II 
  OTHER INFORMATION

|Item
        1. | Legal
      Proceedings               
|--------------- | --------------------------------------
|                |                                       
|Item
        2. | Changes
      in Securities           
|                |                                       
|Item
        3. | Defaults
      Upon Senior Securities 
|                |                                       
|Item
        4. | Submission
      of Matters to a Vote 
|                | of
      Securities Holders           
|                |                                       
|Item
        5. | Other
      Information               
|                |                                       
|Item
        6. | Exhibits
      and Reports on Form 8-K

SIGNATURES

---

PART I. FINANCIAL
  INFORMATION

Item
  1. Financial Statements







SENSE
  TECHNOLOGIES INC.

INTERIM
  FINANCIAL STATEMENTS

August
  31, 2002

---

SENSE
  TECHNOLOGIES INC.INTERIM
  BALANCE SHEET
  August 31, 2002 and February 28, 2002(Stated in US Dollars)

|                                                              |   |   | (Unaudited)      |   |   |   | (Audited)          |  
|------------------------------------------------------------- | - | - | ---------------- | - | - | - | ------------------ | -
|                                                              |   |   | August
      31, |   |   |   | February
      28, |  
|                                                              |   |   | 2002             |   |   |   | 2002               |  
|                                                              |   |   |                  |   |   |   |                    |  
|ASSETS                                                        |  
|Current                                                       |   |   |                  |   |   |   |                    |  
|Cash
      and cash equivalents                               | $ |   | 50,343           |   | $ |   | 268,339            |  
|Accounts
      receivable                                     |   |   | 34,226           |   |   |   | 1,695              |  
|Inventory                                                     |   |   | 1,198,026        |   |   |   | 1,105,494          |  
|Prepaids                                                      |   |   | 45,342           |   |   |   | 22,276             |  
|                                                              |   |   |                  |   |   |   |                    |  
|                                                              |   |   | 1,327,937        |   |   |   | 1,397,804          |  
|Capital
      assets                                          |   |   | 72,993           |   |   |   | 74,656             |  
|Licence
      fees                                            |   |   | 135,011          |   |   |   | 135,011            |  
|Patent
      costs                                            |   |   | 5,899            |   |   |   | 5,899              |  
|                                                              |   |   |                  |   |   |   |                    |  
|                                                              | $ |   | 1,541,840        |   | $ |   | 1,613,370          |  
|                                                              |   |   |                  |   |   |   |                    |  
|**LIABILITIES**                                               |  
|Current                                                       |   |   |                  |   |   |   |                    |  
|Accounts
      payable  Note 4                               | $ |   | 366,370          |   | $ |   | 190,919            |  
|Current
      portion of convertible promissory notes payable |   |   |                  |   |   |   |                    |  
|
      Notes 3 and 4                                         |   |   | 1,776,000        |   |   |   | 830,000            |  
|                                                              |   |   |                  |   |   |   |                    |  
|                                                              |   |   | 2,142,370        |   |   |   | 1,020,919          |  
|Convertible
      promissory notes payable                    |   |   | -                |   |   |   | 496,000            |  
|                                                              |   |   |                  |   |   |   |                    |  
|                                                              |   |   | 2,142,370        |   |   |   | 1,516,919          |  
|                                                              |   |   |                  |   |   |   |                    |  
|                                                              |  
|**STOCKHOLDERS'
        EQUITY (DEFICIENCY)**                 |  
|Common
      stock  Note 2                                   |   |   | 7,497,128        |   |   |   | 7,486,628          |  
|Common
      stock subscribed                                 |   |   | 51,500           |   |   |   | -                  |  
|Promissory
      note receivable                              |   | ( | 585,000          | ) |   | ( | 585,000            | )
|Contributed
      surplus                                     |   |   | 5,279            |   |   |   | 5,279              |  
|Deficit                                                       |   | ( | 7,569,437        | ) |   | ( | 6,810,456          | )
|                                                              |   |   |                  |   |   |   |                    |  
|                                                              |   | ( | 600,530          | ) |   |   | 96,451             |  
|                                                              |   |   |                  |   |   |   |                    |  
|                                                              | $ |   | 1,541,840        |   | $ |   | 1,613,370          |  
|                                                              |   |   |                  |   |   |   |                    |  

SEE
  ACCOMPANYING NOTES

---

SENSE
  TECHNOLOGIES INC.INTERIM
  STATEMENT OF LOSS
  for the six months ended August 31, 2002
  (Stated in US Dollars)(Unaudited)

|                                         | Three
        months ended |   | Six
        months ended |  
|---------------------------------------- | -------------------------- | - | ------------------------ | -
|                                         |                            |   | August
        31,       |  
|                                         |                            |   | 2002                     |  
|                                         |                            |   |                          |  
|                                         |                            |   |                          |  
|Sales                                    | $                          |   | 53,211                   |  
|Direct
      costs                       |                            |   | 36,821                   |  
|                                         |                            |   |                          |  
|Gross
      margin (loss)                |                            |   | 16,390                   |  
|                                         |                            |   |                          |  
|Expenses                                 |                            |   |                          |  
|Advertising
      and marketing  Note 4 |                            |   | 37,046                   |  
|Amortization                             |                            |   | 5,285                    |  
|Automobile                               |                            |   | -                        |  
|Consulting
      fees                    |                            |   | 37,283                   |  
|Filing
      fees                        |                            |   | -                        |  
|Insurance                                |                            |   | 3,537                    |  
|Interest
      and bank charges          |                            |   | 441                      |  
|Interest
      on convertible promissory |                            |   |                          |  
|notes                                    |                            |   | 43,490                   |  
|Legal
      and accounting  Note 4      |                            |   | 57,266                   |  
|Office
      and miscellaneous           |                            |   | 17,246                   |  
|Rent                                     |                            |   | 14,095                   |  
|Shareholder
      information and        |                            |   |                          |  
|printing                                 |                            |   | 10,105                   |  
|Telephone
      and internet             |                            |   | 6,638                    |  
|Transfer
      agent fees                |                            |   | 10,120                   |  
|Travel                                   |                            |   | 39,181                   |  
|Wages
      and benefits  Note 4        |                            |   | 82,551                   |  
|                                         |                            |   |                          |  
|                                         |                            |   | 364,284                  |  
|                                         |                            |   |                          |  
|Loss
      before other items            |                            | ( | 347,894                  | )
|Other
      items:                       |                            |   |                          |  
|Other
      income                       |                            |   | 1,714                    |  
|Amortization
      of license fees       |                            |   | -                        |  
|Foreign
      exchange                   |                            | ( | 7                        | )
|                                         |                            |   |                          |  
|Net
      loss for the period            | $                          | ( | 346,187                  | )
|                                         |                            |   |                          |  
|Loss
      per share                     | $                          | ( | 0.05                     | )
|                                         |                            |   |                          |  

SEE
  ACCOMPANYING NOTES

---

SENSE
  TECHNOLOGIES INC.INTERM
  STATEMENT OF DEFICIT
  for the six months ended August 31, 2002
  (Stated in US Dollars)(Unaudited)

|                                   |   |   | 2002      |   |   |   | 2001      |  
|---------------------------------- | - | - | --------- | - | - | - | --------- | -
|                                   |   |   |           |   |   |   |           |  
|                                   |   |   |           |   |   |   |           |  
|Deficit,
      beginning of period | $ | ( | 6,810,456 | ) | $ | ( | 5,179,564 | )
|                                   |   |   |           |   |   |   |           |  
|Net
      loss for the period      |   | ( | 758,981   | ) |   | ( | 663,214   | )
|                                   |   |   |           |   |   |   |           |  
|Deficit,
      end of period       | $ | ( | 7,569,437 | ) | $ | ( | 5,842,778 | )
|                                   |   |   |           |   |   |   |           |  





SEE
  ACCOMPANYING NOTES

---

SENSE
  TECHNOLOGIES INC.INTERIM
  STATEMENT OF CASH FLOWS
  for the six months ended August 31, 2002
  (Stated in US Dollars)(Unaudited)

|                                             |   | 2002 |         |   |  |  | 2001 |  
|-------------------------------------------- | - | ---- | ------- | - |  |  | ---- | -
|                                             |   |      |         |   |  |  |      |  
|Operating
      Activities                   |   |      |         |   |  |  |      |  
|Net
        loss for the period              | $ | (    | 758,981 | ) |  |  | $    | (
|Add
        items not involving cash:        |   |      |         |   |  |  |      |  
|Common
        shares issued for             |   |      |         |   |  |  |      |  
|advertising
        services                 |   |      | 10,500  |   |  |  |      |  
|Convertible
        promissory note payable  |   |      |         |   |  |  |      |  
|issued
        for legal services            |   |      | 100,000 |   |  |  |      |  
|Amortization                                 |   |      | 10,569  |   |  |  |      |  
|Amortization
        of license fees         |   |      | -       |   |  |  |      |  
|                                             |   |      |         |   |  |  |      |  
|                                             |   | (    | 637,912 | ) |  |  |      | (
|Changes
      in non-cash working capital    |   |      |         |   |  |  |      |  
|items
      related to operations :          |   |      |         |   |  |  |      |  
|Accounts
      receivable                    |   | (    | 32,531  | ) |  |  |      |  
|Inventory                                    |   | (    | 92,532  | ) |  |  |      |  
|Prepaids                                     |   | (    | 23,066  | ) |  |  |      |  
|Accounts
      payable                       |   |      | 175,451 |   |  |  |      |  
|                                             |   |      |         |   |  |  |      |  
|Cash
      used in operations                |   | (    | 610,590 | ) |  |  |      | (
|                                             |   |      |         |   |  |  |      |  
|Financing
      Activities                   |   |      |         |   |  |  |      |  
|Common
      shares subscribed               |   |      | 51,500  |   |  |  |      |  
|Proceeds
      from convertible              |   |      |         |   |  |  |      |  
|promissory
      notes payable               |   |      | 350,000 |   |  |  |      |  
|                                             |   |      |         |   |  |  |      |  
|Cash
      provided by financing activities  |   |      | 401,500 |   |  |  |      |  
|                                             |   |      |         |   |  |  |      |  
|Investing
      Activities                   |   |      |         |   |  |  |      |  
|Patent
      costs                           |   |      | -       |   |  |  |      | (
|Acquisition
      of capital assets          |   | (    | 8,906   | ) |  |  |      | (
|                                             |   |      |         |   |  |  |      |  
|Cash
      used in investing activities      |   | (    | 8,906   | ) |  |  |      | (
|                                             |   |      |         |   |  |  |      |  
|Increase
      (decrease) in cash during the |   |      |         |   |  |  |      |  
|period                                       |   | (    | 217,996 | ) |  |  |      | (
|Cash,
      and cash equivalents, beginning  |   |      |         |   |  |  |      |  
|of
      period                              |   |      | 268,339 |   |  |  |      |  
|                                             |   |      |         |   |  |  |      |  
|Cash,
      and cash equivalents, end of     |   |      |         |   |  |  |      |  
|period                                       | $ |      | 50,343  |   |  |  | $    |  
|                                             |   |      |         |   |  |  |      |  

SEE
  ACCOMPANYING NOTES

---

SENSE
  TECHNOLOGIES INC.INTERIM
  STATEMENT OF STOCKHOLDERS EQUITY (DEFICIENCY)
  for the year ended February 28, 2002 and the six months ended August 31, 2002(Stated in U.S. Dollars)

|                                                                           | Common
      Stock |  |   |           |  |   |             |  |   |            |         |   |  |             |   |           |   |       |  
|-------------------------------------------------------------------------- | ------------------ |  | - | --------- |  | - | ----------- |  | - | ---------- | ------- | - |  | ----------- | - | --------- | - | ----- | -
|                                                                           |                    |  |   |           |  |   | Promissory  |  |   |            |         |   |  |             |   |           |   |      
|                                                                           | Issued             |  |   |           |  |   | Contributed |  |   | Note       |         |   |  | Accumulated |   |           |   |       |  
|                                                                           | Shares             |  |   | Amount    |  |   | Surplus     |  |   | Receivable |         |   |  | Deficit     |   |           |   | Total |  
|                                                                           |                    |  |   |           |  |   |             |  |   |            |         |   |  |             |   |           |   |       |  
|                                                                           |                    |  |   |           |  |   |             |  |   |            |         |   |  |             |   |           |   |       |  
|Balance,
      February 28, 2001                                           | 11,859,502         |  |   | 6,149,678 |  |   | 5,279       |  |   | (          | 585,000 | ) |  |             | ( | 5,179,564 | ) |       |  
|                                                                           |                    |  |   |           |  |   |             |  |   |            |         |   |  |             |   |           |   |       |  
|Issue
      of shares pursuant to agreement to settle debt
      at $4.04 | 59,406             |  |   | 240,000   |  |   | -           |  |   |            | -       |   |  |             |   | -         |   |       |  
|Issue
      of shares pursuant to the exercise of options
      at $1.03  | 200,000            |  |   | 206,000   |  |   | -           |  |   |            | -       |   |  |             |   | -         |   |       |  
|Issue
      of shares pursuant to a private placement at $1.03            | 865,000            |  |   | 890,950   |  |   | -           |  |   |            | -       |   |  |             |   | -         |   |       |  
|Net
      loss for the year ended February 28, 2002                        | -                  |  |   | -         |  |   | -           |  |   |            | -       |   |  |             | ( | 1,630,892 | ) |       |  
|                                                                           |                    |  |   |           |  |   |             |  |   |            |         |   |  |             |   |           |   |       |  
|Balance,
      February 28, 2002                                           | 12,983,908         |  |   | 7,486,628 |  |   | 5,279       |  |   | (          | 585,000 | ) |  |             | ( | 6,810,456 | ) |       |  
|Issue
      of shares in consideration for advertising services  at $1.05 | 10,000             |  |   | 10,500    |  |   | -           |  |   |            | -       |   |  |             |   | -         |   |       |  
|Common
      shares subscribed                                             | -                  |  |   | -         |  |   | -           |  |   |            | -       |   |  |             |   | -         |   |       |  
|Net
      loss for the six months ended August 31, 2002                    | -                  |  |   | -         |  |   | -           |  |   |            | -       |   |  |             | ( | 758,981   | ) |       |  
|                                                                           |                    |  |   |           |  |   |             |  |   |            |         |   |  |             |   |           |   |       |  
|Balance,
      August 31, 2002                                             | 12,993,908         |  | $ | 7,497,128 |  | $ | 5,279       |  | $ | (          | 585,000 | ) |  | $           | ( | 7,569,437 | ) |       | $
|                                                                           |                    |  |   |           |  |   |             |  |   |            |         |   |  |             |   |           |   |       |  

SEE
  ACCOMPANYING NOTES

---

SENSE
  TECHNOLOGIES INC.NOTES
  TO THE INTERM FINANCIAL STATEMENTSAugust
  31, 2002(Stated
  in US Dollars)(Unaudited)

Note 1Interim
  Reporting

> The
>       accompanying unaudited financial statements have bee prepared in accordance
>       with generally accepted accounting principles in the United States of America
>       for interim financial information (and with the instructions to Form 10-QSB
>       and Item 310(b) of Regulation S-B). Accordingly, they do not include all
>       the information and footnotes necessary for complete financial statements.
>       In the opinion of management, all adjustments consisting of normal recurring
>       accruals considered necessary for fair presentation have been included.
>       These financial statements should be read in conjunction with the Companys
>       annual financial statements for the year ended February 28, 2002 (included
>       with Form 10-KSB). The results for the interim period are not necessarily
>       indicative of the results to be expected for the full year.
>     During
>       the year ended February 28, 2002, the Company voluntarily changed from Canadian
>       Generally Accepted Accounting Principles (GAAP) to United States
>       GAAP and changed its reporting currency from Canadian dollars to United
>       States dollars. The comparative period for the six months ended August 31,
>       2001 has been restated in United States GAAP and United States dollars.

Note 2Share
  Capital

| | a) | Authorized:                                                                                                                                                                                                                              
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                          
| |    | 99,250,000
      common shares without par value                                                                                                                                                                                         
| |    |                                                                                                                                                                                                                                          
| | b) | Escrow:                                                                                                                                                                                                                                  
| |    |                                                                                                                                                                                                                                          
| |    | At
        August 31, 2002, there are 5,970,190 shares he ld in escrow by the Companystransfer
        agent. The release of these shares is subject to the direction ordetermination
        of the relevant regulatory authorities.   
| |   
| |    |                                                                                                                                                                                                                                          
| | c) | Commitments:                                                                                                                                                                                                                             
| |    |                                                                                                                                                                                                                                          
| |    | Stock-based
      Compensation Plan                                                                                                                                                                                                      
| |    |                                                                                                                                                                                                                                          
| |    | The
        Company has granted employees and directors common share purchase options.These
        options were granted with an exercise price equal to the market price
        of theCompanys
        stock on the date of the grant.
| |   
| |   

---

Note 2Share
  Capital (contd)

| | d) | Commitments:
       (contd)                 
| | -- | ----------------------------------------------
| |    |                                               
| |    | Stock-based
      Compensation Plan  (contd)

| | August
      31, 2002                                    |          
| | -------------------------------------------------------- | ---------
| |                                                          |          
| |                                                          |          
| |                                                          |          
| |                                                          |          
| | Shares                                                   |          
| |                                                          |          
| | Outstanding
      and exercisable at beginning of period | 1,385,000
| | Granted                                                  | 450,000  
| | Less: Common
      share purchase options not vested     | (350,000 
| | Cancelled                                                | (290,000 
| |                                                          |          
| | Outstanding
      and exercisable at end of period       | 1,195,000
| |                                                          |          

> At
>       August 31, 2002, the following employee and director common share purchase
>       options were outstanding entitling the holders thereof the right to purchase
>       one common share for each share purchase option held:

| |           |  | Exercise | Expiry
| | --------- |  | -------- | ------
| | Number    |  | Price    | Date  
| |           |  |          |       
| | 10,000    |  | $        | 1.03  
| | 15,000    |  | $        | 1.03  
| | 40,000    |  | $        | 1.03  
| | 25,000    |  | $        | 1.03  
| | 580,000   |  | $        | 1.03  
| | 25,000    |  | $        | 1.03  
| | 400,000   |  | $        | 2.30  
| | 75,000    |  | $        | 2.50  
| | 25,000    |  | $        | 2.50  
| |           |  |          |       
| | 1,195,000 |  |          |       

---

Note 3Convertible
  Promissory Notes Payable

> As
>       at August 31, 2002, the Company has issued a total of $1,776,000 of convertible
>       promissory notes. These notes bear interest at 10% per annum, are due on
>       various dates up to August 10, 2003 and $450,000 of these notes are secured
>       by a charge over the Companys inventory. Of these notes, $770,000
>       are convertible into common shares of the Company at the rate of one common
>       share for each $1 of promissory note principal, $496,000 are convertible
>       into common shares of the Company for each $2.50 of principal and a $510,000
>       are convertible at the rate of one common share for $5.40 of promissory
>       note principal.

Note 4Related
  Party Transactions

> The
>       Company incurred the following charges with a director of the Company, a
>       company having a common director and an accounting firm of which a director
>       is a partner:

| |                                 | Three
      months ended |         | Six
      months ended |  
| | ------------------------------- | ------------------------ | ------- | ---------------------- | -
| |                                 | August
      31,         |         | August
      31,       |  
| |                                 |                          | 2002    |                        |  
| |                                 |                          |         |                        |  
| | Advertising
      and marketing | $                        | 35,441  |                        | $
| | Consulting                      |                          | 36,808  |                        |  
| | Legal
      and accounting      |                          | 2,000   |                        |  
| | Royalties                       |                          | -       |                        |  
| | Wages
      and benefits        |                          | 37,500  |                        |  
| |                                 |                          |         |                        |  
| |                                 | $                        | 111,749 |                        | $
| |                                 |                          |         |                        |  

> These
>       charges were measured by the exchange amount which is the amount agreed
>       upon by the transacting parties and are on terms and conditions similar
>       to non-related entities.
>     Included
>       in accounts payable are amounts totalling $1,173 due to an accounting firm
>       of which a director is partner and $31,134 due to a company having a common
>       director. These amounts are unsecured with no specific terms of interest
>       or payment.
>     Included
>       in convertible promissory notes payable is a convertible promissory note
>       due to a director in the amount of $50,000.

---

Note 5Commitments

> At August
>       31:

| | i) | the
      Company has entered into a lease for its premises in Charlotte, North Carolinarequiring
      the following minimum payments:
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------
| |   
| |    |                                                                                                                                        

| | Fiscal
      year ended |                    |   |        |       
| | ----------------------- | ------------------ | - | ------ | ------
| |                         | February
      28: |   |        |       
| |                         |                    |   |        |       
| |                         | 2003               |   | $      | 12,684
| |                         | 2004               |   |        | 25,368
| |                         | 2005               |   |        | 25,368
| |                         | 2006               |   |        | 8,456 
| |                         |                    |   |        |       
| |                         |                    | $ | 71,876 |       
| |                         |                    |   |        |       
| |                         |                    |   |        |       

| | ii) | the Company has agreed to issue 10,000 common shares to a creditor to settle
      adebt.
| | --- | -----------------------------------------------------------------------------------------
| |    

Note 6Non-cash
  Transactions

> Investing
>       and financing activities that do not have an impact on cash flows are excluded
>       form the statement of cash flows.
>     During
>       the six months ended August 31, 2002:

| | i)  | the
      Company issued 10,000 common shares at $1.05 per common share inexchange
      for advertising services rendered.           
| | --- | --------------------------------------------------------------------------------------------------------------------------------------
| |    
| | ii) | the
      Company issued a convertible promissory note payable in the amount of$100,000
      in exchange for legal services rendered.
| |    
| |     |                                                                                                                                       

---

Item
  2  Management Discussion and Analys is or Plan of Operation

The
  following discussion and analysis should be read in conjunction with our audited
  Financial Statements and Notes thereto for the periods ended August 31, 2002
  and 2001.

Overview
  of Operations

Sense
  holds an exclusive license to manufacture, distribute, market and sublicense
  world-wide, a patented technology which is used to produce the Guardian Alert
  backing awareness system for motor vehicles utilizing microwave radar technology.
  The Company has manufactures the product in Charlotte, NC by an outsourced vendor
  with extensive experience producing products for auto dealerships and OEMs.
  The Company has recently moved its headquarters from Omaha, NE to Charlotte,
  NC; where it will be developing a sales and marketing effort directed at auto
  dealerships, OEMs and fleet vehicle owners. The Company has established distribution
  relationships with several large auto dealership groups and a distributor of
  aftermarket safety, security and finance products. Management plans to seek
  additional relationships with other dealership groups and distributors in the
  future.

Results
  of Operations

For
  the period ended August 31, 2002 as compared to the period ended August 31,
  2001.

Revenue
  for the period ended August 31, 2002 was $53,211, as compared to no revenue
  in the period ended August 31, 2001. This increase is due to the early success
  of the companys new business plan. Completed Guardian Alert Doppler Awareness
  System Trailer Hitch Mounted units first became available in late July and substantially
  all of the unit sales occurred in the month of August.

Direct
  costs of $36,821 for the period ended August 31, 2002 represent a 78.5% decrease
  over direct costs of $171,458 for the year period August 31, 2001. The primary
  component of the current periods direct cost is the time and materials
  to produce units sold during the period.

General
  and administrative expenses were $364,284 for the period ended August 31, 2002
  as compared to $294,355 for the period ended August 31, 2001, an increase of
  approximately 23.8%. Legal and accounting expenses during the period ended August
  31, 2002 amounted to $57,266 representing a significant increase from $23,396
  during the prior period. This increase was a result of the companys appeal
  of the Nasdaqs decision to delist the Companys common stock.

---

Net
  loss for the period decreased from $0.08 per share to $0.05 per share attributable
  to the companys positive gross margin of $16,390 compared to a loss of
  $171,458 in the prior period.

Liquidity
  and Capital Resources

At
  August 31, 2002, the company had cash and cash equivalents on hand of $50,343
  compared with $268,339 at August 31, 2001. During the period ended August 31,
  2002, the company funded operations by raising $450,000 through the issuance
  of convertible notes secured by inventory.

At
  August 31, 2002, the company had working capital, excluding cash and convertible
  promissory notes payable, of $911,294 compared to $938,546 a decrease of $27,252
  at August 31, 2001.

We
  have not invested in derivative securities or any other financial instruments
  that involve a high level of complexity or risk. We expect that in the future,
  any excess cash will continue to be invested in high credit quality, interest
  bearing- securities.

PART
  II  OTHER INFORMATION

**Item
  1 - Legal Proceedings**

None.

**Item 2 - Change 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**

|(a) | No
      Exhibits accompany this report                                          
|--- | ---------------------------------------------------------------------------------
|(b) | No
      reports on form 8-K were filed during the period covered by this report.

---

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.

|Date: | October
        15, 2002 |     | SENSE
        TECHNOLOGIES INC. 
|----- | ------------------------ | --- | --------------------------------
|      |                          |     | (Registrant)                    
|      |                          |     |                                 
|      |                          |     |                                 
|      |                          | By: | /s/
        James H. Cotter     
|      |                          |     |                                 
|      |                          |     | James
      H. Cotter, President
|      |                          |     |                                 



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