---

**UNITED STATESSECURITIES 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 **November 30, 2003**

** ̈****** 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) 522-7999 
  Issuer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 BANKRUPTCY PROCEEDINGS
  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 November 30, 2003, the registrants outstanding
  common stock consisted of 13,340,522 shares.

Transitional Small Business Disclosure Format (Check one):
  
  YES  ** ̈******
  NO **x**

---

SENSE TECHNOLOGIES INC.

Index to Form 10QSB

|PART I  FINANCIAL INFORMATION
|------------------------------
|                              
|Item 1.                       
|                              
|Item 2.                       
|                              
|PART II  OTHER INFORMATION   
|                              
|Item 1.                       
|                              
|Item 2.                       
|                              
|Item 3.                       
|                              
|Item 4.                       
|                              
|Item 5.                       
|                              
|Item 6.                       

---

SENSE TECHNOLOGIES INC.

INTERIM FINANCIAL STATEMENTS

November 30, 2003

(Stated in US Dollars)

(Unaudited)

---

SENSE TECHNOLOGIES INC. 
  INTERIM BALANCE SHEET 
  November 30, 2003 and February 28, 2003 
  (Stated in US Dollars) (Unaudited)

|                                                           |   |             |   |   | (Note 6)     |  
|---------------------------------------------------------- | - | ----------- | - | - | ------------ | -
|                                                           |   | (Unaudited) |   |   | (Audited)    |  
|                                                           |   | November 30 |   |   | February 28, |  
|                                                           |   | 2003        |   |   | 2003         |  
|ASSETS                                                     |  
|                                                           |   |             |   |   |              |  
|Current                                                    |   |             |   |   |              |  
|Cash                                                       | $ | 3,876       |   | $ | 4,976        |  
|Accounts
      receivable                                  |   | 9,980       |   |   | 64,575       |  
|Inventory                                                  |   | 769,001     |   |   | 920,280      |  
|Prepaids                                                   |   | 6,342       |   |   | 30,652       |  
|                                                           |   | 789,199     |   |   | 1,020,483    |  
|Capital assets                                             |   | 53,622      |   |   | 61,532       |  
|Intangible assets                                          |   | 143,309     |   |   | 142,822      |  
|                                                           | $ | 986,130     |   | $ | 1,224,837    |  
|                                                           |   |             |   |   |              |  
|LIABILITIES                                                |  
|                                                           |   |             |   |   |              |  
|Current                                                    |   |             |   |   |              |  
|Accounts
      payable  Note 4                            | $ | 479,449     |   | $ | 757,922      |  
|Advances
      payable  Note 4                            |   | 82,000      |   |   | 22,000       |  
|Convertible
      promissory notes payable  Note 2        |   | 50,000      |   |   | 1,861,000    |  
|                                                           |   | 611,449     |   |   | 2,640,922    |  
|Convertible promissory notes payable  Notes 3 and
      4 |   | 623,974     |   |   | 25,000       |  
|                                                           |   | 1,235,423   |   |   | 2,665,922    |  
|                                                           |   |             |   |   |              |  
|STOCKHOLDERS' (DEFICIENCY)                                 |  
|                                                           |   |             |   |   |              |  
|Share capital  Note 2                                     |   | 7,599,828   |   |   | 7,497,128    |  
|Common stock subscribed  Note 2                           |   | 51,000      |   |   | 51,500       |  
|Preferred stock subscribed  Note 2                        |   | 1,593,025   |   |   | -            |  
|Promissory note receivable                                 |   | (585,000    | ) |   | (585,000     | )
|Additional paid-in capital                                 |   | 62,529      |   |   | 57,279       |  
|Deficit                                                    |   | (8,970,675  | ) |   | (8,461,992   | )
|                                                           |   | (249,293    | ) |   | (1,441,085   | )
|                                                           | $ | 986,130     |   | $ | 1,224,837    |  

SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC. 
  INTERIM STATEMENT OF LOSS
  for the three and nine months ended November 30, 2003
  (Stated in US Dollars) (Unaudited)

|                                         |   | Three months ended |   |   | Nine months ended |  
|---------------------------------------- | - | ------------------ | - | - | ----------------- | -
|                                         |   | November 30,       |   |   | November 30,      |  
|                                         |   | 2003               |   |   | 2002              |  
|                                         |   |                    |   |   |                   |  
|Sales  Note 4                           | $ | 175,906            |   | $ | 137,457           |  
|Direct costs  Schedule 1                |   | 147,485            |   |   | 103,313           |  
|Gross margin                             |   | 28,421             |   |   | 34,144            |  
|Administrative Expenses                  |   |                    |   |   |                   |  
|Advertising and marketing                |   | 1,165              |   |   | 4,207             |  
|Amortization                             |   | 4,286              |   |   | 5,508             |  
|Bad debts  Note
      4                 |   | -                  |   |   | -                 |  
|Consulting fees 
      Note 4           |   | -                  |   |   | 425               |  
|Filing fees                              |   | 1,597              |   |   | -                 |  
|Insurance                                |   | 23,986             |   |   | 12,498            |  
|Interest and bank charges                |   | 810                |   |   | 1,315             |  
|Interest on convertible
      promissory |   |                    |   |   |                   |  
|notes
       Note 4                     |   | 20,664             |   |   | 44,859            |  
|Legal and accounting fees
       Note 4 |   | 11,031             |   |   | 31,636            |  
|Office and miscellaneous                 |   | 772                |   |   | 3,915             |  
|Rent (recovered)                         |   | (1,852             | ) |   | 11,561            |  
|Shareholder information
      and        |   |                    |   |   |                   |  
|printing
      (recovered)               |   | (318               | ) |   | 3,175             |  
|Telephone and internet                   |   | 5,638              |   |   | 3,593             |  
|Transfer agent fees                      |   | 1,514              |   |   | 1,732             |  
|Travel                                   |   | 6,031              |   |   | 8,711             |  
|Wages and benefits 
      Note 4        |   | 45,817             |   |   | 72,540            |  
|                                         |   | 121,141            |   |   | 205,675           |  
|Loss before other items                  |   | (92,720            | ) |   | (171,531          | )
|Other items                              |   |                    |   |   |                   |  
|Other income                             |   | -                  |   |   | 24,986            |  
|Interest income 
      Note 4           |   | 13,162             |   |   | 15                |  
|Provision for accrued
      interest     |   |                    |   |   |                   |  
|receivable
       Note 4                |   | (13,162            | ) |   | -                 |  
|Foreign exchange loss                    |   | -                  |   |   | (1                | )
|Non-cash compensation
      charge       |   | -                  |   |   | -                 |  
|                                         |   | -                  |   |   | 25,000            |  
|Net loss for the period                  | $ | (92,720            | ) | $ | (146,531          | )
|Basic loss per share                     | $ | (0.01              | ) | $ | (0.02             | )

SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC. 
  INTERIM STATEMENT OF DEFICIT 
  for the nine months ended November 30, 2003
  (Stated in US Dollars) (Unaudited)

|                             |   | 2003       |   |   | 2002       |  
|---------------------------- | - | ---------- | - | - | ---------- | -
|                             |   |            |   |   |            |  
|Deficit, beginning of period | $ | (8,461,992 | ) | $ | (6,810,456 | )
|                             |   |            |   |   |            |  
|Net loss for the period      |   | (508,683   | ) |   | (905,512   | )
|                             |   |            |   |   |            |  
|Deficit, end of period       | $ | (8,970,675 | ) | $ | (7,715,968 | )

SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC.INTERIM STATEMENT OF CASH FLOWS
  for the nine months ended November 30, 2003
  (Stated in US Dollars)(Unaudited)

|                                           |   | 2003     |   |   | 2002     |  
|------------------------------------------ | - | -------- | - | - | -------- | -
|                                           |   |          |   |   |          |  
|Operating Activities                       |   |          |   |   |          |  
|Net loss for the period                    | $ | (508,683 | ) | $ | (905,512 | )
|Add items not involving
      cash:        |   |          |   |   |          |  
|Non-cash
      compensation charge         |   | 5,250    |   |   | -        |  
|Common
      shares issued for advertising |   |          |   |   |          |  
|and
      consulting services              |   | 6,250    |   |   | -        |  
|Amortization                               |   | 12,860   |   |   | 16,077   |  
|Changes in non-cash working
      capital  |   |          |   |   |          |  
|items
      related to operations:         |   |          |   |   |          |  
|Accounts
      receivable                  |   | 54,595   |   |   | (8,879   | )
|Inventory                                  |   | 151,279  |   |   | (181,524 | )
|Prepaids                                   |   | 24,310   |   |   | (13,316  | )
|Accounts
      payable                     |   | 102,526  |   |   | 421,112  |  
|Advances
      payable                     |   | 60,000   |   |   | -        |  
|                                           |   |          |   |   |          |  
|Cash used in operations                    |   | (91,613  | ) |   | (672,042 | )
|                                           |   |          |   |   |          |  
|Financing Activities                       |   |          |   |   |          |  
|Proceeds from share subscriptions          |   | 51,000   |   |   | 51,500   |  
|Common shares issued for
      cash        |   | 40,000   |   |   | -        |  
|Proceeds from convertible
      promissory |   |          |   |   |          |  
|notes
      payable                        |   | -        |   |   | 372,000  |  
|                                           |   |          |   |   |          |  
|Cash provided by financing activities      |   | 91,000   |   |   | 423,500  |  
|                                           |   |          |   |   |          |  
|Investing Activities                       |   |          |   |   |          |  
|Acquisition of capital
      assets        |   | -        |   |   | (8,907   | )
|Patent costs                               |   | (487     | ) |   | -        |  
|                                           |   |          |   |   |          |  
|Cash used in investing activities          |   | (487     | ) |   | (8,907   | )
|                                           |   |          |   |   |          |  
|Decrease in cash during the period         |   | (1,100   | ) |   | (257,449 | )
|                                           |   |          |   |   |          |  
|Cash, beginning of period                  |   | 4,976    |   |   | 268,339  |  
|                                           |   |          |   |   |          |  
|Cash, end of period                        | $ | 3,876    |   | $ | 10,890   |  
|                                           |   |          |   |   |          |  
|Supplementary cash flow information:       |   |          |   |   |          |  
|Cash paid for:                             |   |          |   |   |          |  
|Interest                                   | $ | -        |   | $ | 17,045   |  
|Income
      taxes                         | $ | -        |   | $ | -        |  
|                                           |   |          |   |   |          |  
|Non-cash transactions  Note 4             |   |          |   |   |          |  

SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC. 
  INTERIM STATEMENT OF STOCKHOLDERS (DEFICIENCY) 
  for the year ended February 28, 2003 and the nine months ended November 30,
  2003 
  (Stated in U.S. Dollars) (Unaudited)

|                                         | Common Stock |  |   |           |  |   | Promissory |  |   | Common     |   |   | Preferred  |   |   |            |  |   |             |  
|---------------------------------------- | ------------ |  | - | --------- |  | - | ---------- |  | - | ---------- | - | - | ---------- | - | - | ---------- |  | - | ----------- | -
|                                         | Issued       |  |   |           |  |   | Paid-in    |  |   | Note       |   |   | Stock      |   |   | Stock      |  |   | Accumulated |  
|                                         | Shares       |  |   | Amount    |  |   | Capital    |  |   | Receivable |   |   | Subscribed |   |   | Subscribed |  |   | Deficit     |  
|                                         |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|Balance, February 28, 2002               | 12,983,908   |  | $ | 7,486,628 |  | $ | 5,279      |  | $ | (585,000   | ) | $ | -          |   | $ | -          |  | $ | (6,810,456  | )
|Issue of shares pursuant to an agreement |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|to settle debt  at $1.05                | 10,000       |  |   | 10,500    |  |   | -          |  |   | -          |   |   | -          |   |   | -          |  |   | -           |  
|Common stock subscribed                  | -            |  |   | -         |  |   | -          |  |   | -          |   |   | 51,500     |   |   | -          |  |   | -           |  
|Non-cash compensation charge             | -            |  |   | -         |  |   | 52,000     |  |   | -          |   |   | -          |   |   | -          |  |   | -           |  
|Net loss for the year ended              |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|February 28, 2003                        | -            |  |   | -         |  |   | -          |  |   | -          |   |   | -          |   |   | -          |  |   | (1,651,536  | )
|                                         |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|Balance, February 28, 2003               | 12,993,908   |  |   | 7,497,128 |  |   | 57,279     |  |   | (585,000   | ) |   | 51,500     |   |   | -          |  |   | (8,461,992  | )
|Common stock subscribed                  | -            |  |   | -         |  |   | -          |  |   | -          |   |   | 51,000     |   |   | -          |  |   | -           |  
|Common stock issued in exchange for      |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|capital assets                           | 4,950        |  |   | 4,950     |  |   | -          |  |   | -          |   |   | -          |   |   | -          |  |   | -           |  
|Common stock issued for advertising      |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|and consulting services                  | 25,000       |  |   | 6,250     |  |   | -          |  |   | -          |   |   | -          |   |   | -          |  |   | -           |  
|Common stock issued pursuant to a        |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|private placement at $1.03              | 50,000       |  |   | 51,500    |  |   | -          |  |   | -          |   |   | -          |   |   | -          |  |   | -           |  
|Common stock subscription utilized       | -            |  |   | -         |  |   | -          |  |   | -          |   |   | (51,500    | ) |   | -          |  |   | -           |  
|Common stock issued pursuant to a        |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|private placement  at $0.15             | 266,664      |  |   | 40,000    |  |   | -          |  |   | -          |   |   | -          |   |   | -          |  |   | -           |  
|Preferred stock subscribed               | -            |  |   | -         |  |   | -          |  |   | -          |   |   | -          |   |   | 1,593,025  |  |   | -           |  
|Non-cash compensation charge             | -            |  |   | -         |  |   | 5,250      |  |   | -          |   |   | -          |   |   | -          |  |   | -           |  
|Net loss for the nine months ended       |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|November 30, 2003                        | -            |  |   | -         |  |   | -          |  |   | -          |   |   | -          |   |   | -          |  |   | (508,683    | )
|                                         |              |  |   |           |  |   |            |  |   |            |   |   |            |   |   |            |  |   |             |  
|Balance, November 30, 2003               | 13,340,522   |  | $ | 7,599,828 |  | $ | 62,529     |  | $ | (585,000   | ) | $ | 51,000     |   | $ | 1,593,025  |  | $ | (8,970,675  | )

SEE ACCOMPANYING NOTES

---

SENSE
  TECHNOLOGIES INC.              Schedule
  1 
  SCHEDULE OF DIRECT COSTS 
  for the nine months ended November 30, 2003 and 2002 (Stated in U.S. Dollars)

|                         |   | Three months ended |  |   | Nine months ended | 
|------------------------ | - | ------------------ |  | - | ----------------- | 
|                         |   | November 30,       |  |   | November 30,      | 
|                         |   | 2003               |  |   | 2002              | 
|                         |   |                    |  |   |                   | 
|Cost of sales            | $ | 104,463            |  | $ | 94,490            | 
|Manufacturing expenses   |   | 35,396             |  |   | 1,107             | 
|Royalty expense  Note 4 |   | 7,626              |  |   | 7,716             | 
|                         |   |                    |  |   |                   | 
|                         | $ | 147,485            |  | $ | 103,313           | 

SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC. 
  NOTES TO THE INTERIM FINANCIAL STATEMENTS

November 30, 2003 
  (Stated in US Dollars) (Unaudited)

|Note 1 | Interim Reporting
      While the information presented in the accompanying nine
        months to November 30, 2003 financial statements is unaudited, it includes
        all adjustments which are, in the opinion of management, necessary to
        present fairly the financial position, results of operations and cash
        flows for the interim period presented in accordance with accounting principles
        generally accepted in the United States of America. In the opinion of
        management, all adjustments considered necessary for a fair presentation
        of the results of operations and financial position have been included
        and all such adjustments are of a normal recurring nature.
      Operating results for the quarter ended November 30,
        2003 are not necessarily indicative of the results that can be expected
        for the year ending February 28, 2004.
|------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Note 2 | Share Capital  Note 4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

---

Sense Technologies Inc. 
  Notes to the Interim Financial Statements 
  August 31, 2003  Page 2 (Stated in US Dollars)



|Note 2 | Share Capital  Note 4  (contd)
|------ | ---------------------------------
|       |                                  
|       | c)                               



| |  |                                                                                                                                                                                                                                                                                                                                                    | November
      30, 2003 |   | November
      30, 2002 | 
| |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------- | - | ----------------------- | 
| |  |                                                                                                                                                                                                                                                                                                                                                    |                         |   | Weighted                | 
| |  |                                                                                                                                                                                                                                                                                                                                                    |                         |   | Average                 | 
| |  |                                                                                                                                                                                                                                                                                                                                                    |                         |   | Exercise                | 
| |  |                                                                                                                                                                                                                                                                                                                                                    | Shares                  |   | Price                   | 
| |  |                                                                                                                                                                                                                                                                                                                                                    |                         |   |                         | 
| |  | Outstanding and exercisable at                                                                                                                                                                                                                                                                                                                     |                         |   |                         | 
| |  | beginning of period                                                                                                                                                                                                                                                                                                                                | 2,230,000               |   | $1.22                   | 
| |  | Previously granted options vesting                                                                                                                                                                                                                                                                                                                 |                         |   |                         | 
| |  | during the period                                                                                                                                                                                                                                                                                                                                  | 100,000                 |   | $1.00                   | 
| |  | Granted                                                                                                                                                                                                                                                                                                                                            | 50,000                  |   | $1.00                   | 
| |  | Expired                                                                                                                                                                                                                                                                                                                                            | (10,000                 | ) | $1.03                   | 
| |  | Less: Share purchase options not                                                                                                                                                                                                                                                                                                                   |                         |   |                         | 
| |  | vested                                                                                                                                                                                                                                                                                                                                             | (25,000                 | ) | $1.00                   | 
| |  | Cancelled                                                                                                                                                                                                                                                                                                                                          | -                       |   | -                       | 
| |  | Outstanding and exercisable at end of                                                                                                                                                                                                                                                                                                              |                         |   |                         | 
| |  | the period                                                                                                                                                                                                                                                                                                                                         | 2,345,000               |   | $1.10                   | 
| |  |                                                                                                                                                                                                                                                                                                                                                   
| |  | A non-cash compensation charge of $5,250,
        associated with the granting of options to a consultant, has been recognized
        in the financial statements for the period ended November 30, 2003.
      The fair value for these options was estimated at the
        date of the grant using the following weighted average assumptions:

| |  | Volatility factor of expected market price of companys
      shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 157  | %  
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ---- | ---
| |  | Dividend yield                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 0    | %  
| |  | Weighted average expected life of stock options                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 5    | yrs
| |  | Risk-free interest rate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 1.25 | %  
| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| |  | The Black-Scholes option
        valuation model was developed for use in estimating the fair value of
        traded options which have no vesting restrictions and are fully transferable.
        In addition, option valuation models require the input of highly subjective
        assumptions, including expected share price volatility. The Companys
        employee stock options have characteristics significantly different from
        those of traded options, and changes in the subjective input assumptions
        can materially affect fair value estimates.

---

Sense Technologies Inc. 
  Notes to the Interim Financial Statements 
  August 31, 2003  Page 3(Stated in US Dollars)



|Note 2 | Share Capital  Note 4  (contd)                                                                                                                                                                                                                                                        
|------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                          
|       | c)                                                                                                                                                                                                                                                                                       
|       |                                                                                                                                                                                                                                                                                          
|       | Stock-based Compensation Plan  (contd)
      At November 30, 2003, 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               | 
| |  |  |           |  |   |          |  |                    | 
| |  |  | 15,000    |  | $ | 1.03     |  | June 25, 2004      | 
| |  |  | 25,000    |  | $ | 1.03     |  | June 8, 2005       | 
| |  |  | 305,000   |  | $ | 1.03     |  | August 4, 2005     | 
| |  |  | 25,000    |  | $ | 1.03     |  | March 22, 2006     | 
| |  |  | 25,000    |  | $ | 1.03     |  | January 8, 2006    | 
| |  |  | 550,000   |  | $ | 2.30     |  | December 18, 2006  | 
| |  |  | 50,000    |  | $ | 2.30     |  | January 10, 2007   | 
| |  |  | 75,000    |  | $ | 1.00     |  | June 5, 2007       | 
| |  |  | 100,000   |  | $ | 0.75     |  | September 26, 2007 | 
| |  |  | 275,000   |  | $ | 1.00     |  | February 1, 2008   | 
| |  |  | 100,000   |  | $ | 1.00     |  | February 6, 2008   | 
| |  |  | 600,000   |  | $ | 0.50     |  | February 6, 2008   | 
| |  |  | 25,000    |  | $ | 1.00     |  | March 5, 2008      | 
| |  |  | 25,000    |  | $ | 1.00     |  | March 14, 2008     | 
| |  |  | 50,000    |  | $ | 1.00     |  | June 6, 2008       | 
| |  |  | 100,000   |  | $ | 1.00     |  | March 6, 2009      | 
| |  |  | 2,345,000 |  |   |          |  |                    | 

| | Common Stock Subscribed
      As at November 30, 2003, the Company has received $51,000
        in respect of private placements of 340,000 common shares at $0.15 per
        share. As at November 30, 2003, these shares had not been issued.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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Sense Technologies Inc. 
  Notes to the Interim Financial Statements 
  August 31, 2003  Page 4(Stated in US Dollars)



|Note 2 | Share Capital  Note 4 
        (contd)                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Note 3 | Convertible Promissory Notes
      During the period ended November 30, 2003, the Company
        exchanged its Series A Convertible Promissory notes in the principal amount
        of $560,000 along with accrued interest thereon into Series B Secured
        Promissory notes bearing interest at 10% per annum and maturing on August
        30, 2005. The notes are convertible into common shares at $0.29 per share.
        The notes are secured by a charge over the Companys inventory.
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Note 4 | Related Party Transactions
      The Company incurred the following items with directors,
        shareholders and companies with common directors and shareholders:                                                                                                                                                                                                                                                                                                                                    

| |                                |   | Three months ended |   |   | Six months ended | 
| | ------------------------------ | - | ------------------ | - | - | ---------------- | 
| |                                |   | November 30,       |   |   | November 30,     | 
| |                                |   | 2003               |   |   | 2002             | 
| |                                |   |                    |   |   |                  | 
| | Advertising and marketing      | $ | -                  |   | $ | -                | 
| | Bad debts                      | $ | -                  |   | $ | -                | 
| | Consulting fees                | $ | -                  |   | $ | -                | 
| | Interest on convertible        |   |                    |   |   |                  | 
| | promissory notes               | $ | 1,411              |   | $ | -                | 
| | Interest income                | $ | (13,163            | ) | $ | -                | 
| | Legal and accounting fees      | $ | 1,000              |   | $ | 2,890            | 
| | Provision for accrued interest |   |                    |   |   |                  | 
| | receivable                     | $ | 13,163             |   | $ | -                | 
| | Royalty expense                | $ | 7,626              |   | $ | 7,716            | 
| | Sales                          | $ | -                  |   | $ | -                | 
| | Wages and benefits             | $ | 34,615             |   | $ | 37,500           | 

---

Sense Technologies Inc. 
  Notes to the Interim Financial Statements 
  August 31, 2003  Page 5(Stated in US Dollars)



|Note 4 | Related Party Transactions  (contd)
      The above noted items were measured by the exchange
        amount which is the amount agreed upon by transacting parties.
      As at November 30, 2003, included in accounts payable
        is $69,715 (February 28, 2003: $69,985) owing to directors and a shareholder
        with respect to unpaid fees and purchases and $198,924 (February 28, 2003:
        $180,000) owing to shareholders in respect of royalties payable.
      As at November 30, 2003, included in advances payable
        is $2,000 (February 28, 2002: $2,000) due to a director.
      As at November 30, 2003, included in convertible promissory
        notes payable is $77,344 (February 28, 2003: $70,000) due to directors.
|------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Note 5 | Non-cash Transactions
      Investing and financing activities that do not affect
        cash flows are excluded from the statement of cash flows. The following
        transactions have been excluded from the statement of cash flows:
      During the period ended November 30, 2003, the Company
        issued 25,000 common shares valued at $6,250 as consideration for advertising
        and consulting services performed and issued 4,950 common shares valued
        at $4,950 as consideration for acquisition of certain capital assets.                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|Note 6 | Comparative Figures
      Certain of the comparative figures have been reclassified
        to conform with current periods presentation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        



---

MANAGEMENT'S DISCUSSION AND ANAYLSIS OF FINANCIAL CONDITION AND PLAN OF OPERATIONS

The following discussion and analysis should be read in conjunction
  with our Interim Financial Statements and Notes thereto for the periods ended
  November 30, 2003 and November 30, 2002.

Overview of Operations

Sense holds an exclusive license to manufacture, distribute,
  market and sublicense worldwide, a patented technology which is used to produce
  the Guardian Alert backing awareness system for motor vehicles utilizing
  microwave radar technology. The Company manufactures the product in Charlotte,
  NC through an outsourced vendor with extensive experience producing products
  for auto dealerships and OEMs. The Company has established relationships with
  multiple large dealership groups and aftermarket product distributors.

Results of Operations

For the period ended November 30, 2003 as compared to the
  period ended November 30, 2002.

Sales for the period ended August 31, 2003 were $175,906,
  a 28% increase over the period ended November 30, 2002. This increase is due
  increasing volume from the Companys existing customer base.

Direct costs were $147,485, a 43% increase over the period
  a year earlier. This amount is generally consistent with the growth in sales.
  The company realized a positive gross margin contribution of $28,421.

General and administrative expenses were $121,141 for the
  period ended November 30, 2003 as compared to $205,675 for the period a year
  earlier. The favorable decrease was attributable strict cost controls deployed
  to conserve cash.

Liquidity and Capital Resources

---

At November 30, 2003, the company had cash and cash equivalents
  on hand of $3,876 compared with $4,976 at the start of the fiscal year. During
  the period ended November 30, 2003, the company funded operations using existing
  cash balances, cash flow from operations, and by raising money through the issuance
  of Common Stock.

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.



|SIGNATURES | James Cotter, President 
      Sense Technologies, Inc.
|---------- | ---------------------------------------------------------

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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 on Form 8-K

|(a) | Exhibits                                                                         
|--- | ---------------------------------------------------------------------------------
|    |                                                                                  
|    | 31.1                                                                             
|    |                                                                                  
|    | 32.1                                                                             
|    |                                                                                  
|(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:  January 15, 2004 |  | SENSE TECHNOLOGIES INC.
|----------------------- |  | -----------------------
|                        |  | (Registrant)           
|                        |  |                        
|                        |  | By:                    
|                        |  |                        

---