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 November 30, 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 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, 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.                       
|                              
|Item 2.                       
|                              
|                              
|PART II  OTHER INFORMATION   
|                              
|Item 1.                       
|                              
|Item 2.                       
|                              
|Item 3.                       
|                              
|Item 4.                       
|                              
|                              
|Item 5.                       
|                              
|Item 6.                       
|                              
|SIGNATURES                    



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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements







SENSE TECHNOLOGIES INC.

INTERIM FINANCIAL STATEMENTS

November 30, 2002

(Stated in US Dollars)

(Unaudited)



---

SENSE TECHNOLOGIES INC.
  INTERIM BALANCE SHEET
  November 30, 2002 and February 28, 2002 (Stated in US Dollars)

|                                                              |   | (Unaudited)  |   |   | (Audited)    |  
|------------------------------------------------------------- | - | ------------ | - | - | ------------ | -
|                                                              |   | November 30, |   |   | February 28, |  
|                                                              |   | 2002         |   |   | 2002         |  
|**ASSETS**                                                    |  
|Current                                                       |   |              |   |   |              |  
|Cash and cash equivalents                                     | $ | 10,890       |   | $ | 268,339      |  
|Accounts receivable                                           |   | 10,574       |   |   | 1,695        |  
|Inventory                                                     |   | 1,287,018    |   |   | 1,105,494    |  
|Prepaids                                                      |   | 35,592       |   |   | 22,276       |  
|                                                              |   |              |   |   |              |  
|                                                              |   | 1,344,074    |   |   | 1,397,804    |  
|Capital assets                                                |   | 67,486       |   |   | 74,656       |  
|Licence fees                                                  |   | 135,011      |   |   | 135,011      |  
|Patent costs                                                  |   | 5,899        |   |   | 5,899        |  
|                                                              |   |              |   |   |              |  
|                                                              | $ | 1,552,470    |   | $ | 1,613,370    |  
|                                                              |   |              |   |   |              |  
|**LIABILITIES**                                               |  
|Current                                                       |   |              |   |   |              |  
|Accounts payable                                              | $ | 501,531      |   | $ | 190,919      |  
|                                                              |   |              |   |   |              |  
|Current portion of convertible promissory notes
      payable |   | 1,798,000    |   |   | 830,000      |  
|                                                              |   |              |   |   |              |  
|                                                              |   | 2,299,531    |   |   | 1,020,919    |  
|Convertible promissory notes payable                          |   | -            |   |   | 496,000      |  
|                                                              |   |              |   |   |              |  
|                                                              |   | 2,299,531    |   |   | 1,516,919    |  
|                                                              |   |              |   |   |              |  
|                                                              |   |              |   |   |              |  
|**SHAREHOLDERS'
        EQUITY (DEFICIENCY)**                 |  
|Common stock                                                  |   | 7,497,128    |   |   | 7,486,628    |  
|Common stock subscribed                                       |   | 51,500       |   |   | -            |  
|Contributed surplus                                           |   | 5,279        |   |   | 5,279        |  
|Promissory note receivable                                    |   | (585,000     | ) |   | (585,000     | )
|Deficit                                                       |   | ( 7,715,968  | ) |   | ( 6,810,456  | )
|                                                              |   |              |   |   |              |  
|                                                              |   | (747,061     | ) |   | 96,451       |  
|                                                              |   |              |   |   |              |  
|                                                              | $ | 1,552,470    |   | $ | 1,613,370    |  
|                                                              |   |              |   |   |              |  

SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC.INTERIM STATEMENT OF LOSS
  for the three and nine months ended November 30, 2002
  (Stated in US Dollars) (Unaudited)

|                                   |   | Three months ended |   |   | Nine months ended |  
|---------------------------------- | - | ------------------ | - | - | ----------------- | -
|                                   |   | November 30,       |   |   | November 30,      |  
|                                   |   | 2002               |   |   | 2001              |  
|                                   |   |                    |   |   |                   |  
|Sales                              | $ | 137,457            |   | $ | -                 |  
|                                   |   |                    |   |   |                   |  
|Direct costs                       |   | 95,597             |   |   | 32,819            |  
|Royalties                          |   | 7,716              |   |   | -                 |  
|                                   |   |                    |   |   |                   |  
|                                   |   | 103,313            |   |   | 32,819            |  
|                                   |   |                    |   |   |                   |  
|Gross margin (loss)                |   | 34,144             |   |   | (32,819           | )
|                                   |   |                    |   |   |                   |  
|Administrative Expenses            |   |                    |   |   |                   |  
|Advertising
      and marketing    |   | 4,207              |   |   | 12,197            |  
|Automobile                         |   | -                  |   |   | 5,809             |  
|Consulting
      fees              |   | 425                |   |   | 52,095            |  
|Depreciation                       |   | 5,508              |   |   | 19,290            |  
|Filing
      fees                  |   | -                  |   |   | 3,100             |  
|Insurance                          |   | 12,498             |   |   | 6,024             |  
|Interest
      and bank charges    |   | 1,315              |   |   | 116               |  
|Interest
      on long term debt   |   | 44,859             |   |   | 43,989            |  
|Legal and
      accounting         |   | 31,636             |   |   | 27,474            |  
|Office
      and miscellaneous     |   | 3,915              |   |   | 2,774             |  
|Rent                               |   | 11,561             |   |   | 14,934            |  
|Shareholder
      information and  |   |                    |   |   |                   |  
|printing                           |   | 3,175              |   |   | 5,002             |  
|Telephone
      and internet       |   | 3,593              |   |   | 2,628             |  
|Transfer
      agent fees          |   | 1,732              |   |   | 1,118             |  
|Travel                             |   | 8,711              |   |   | 11,400            |  
|Wages                              |   | 72,540             |   |   | 86,337            |  
|                                   |   |                    |   |   |                   |  
|                                   |   | 205,675            |   |   | 294,287           |  
|                                   |   |                    |   |   |                   |  
|Loss before other items            |   | (171,531           | ) |   | (327,106          | )
|                                   |   |                    |   |   |                   |  
|Other items                        |   |                    |   |   |                   |  
|Other income                       |   | 24,986             |   |   | 21,335            |  
|Interest
      income              |   | 15                 |   |   | 13,600            |  
|Foreign
      exchange (loss) gain |   | (1                 | ) |   | 4,484             |  
|                                   |   |                    |   |   |                   |  
|                                   |   | 25,000             |   |   | 39,419            |  
|                                   |   |                    |   |   |                   |  
|Net loss for the period            | $ | (146,531           | ) | $ | (287,687          | )
|                                   |   |                    |   |   |                   |  
|Basic loss per share               | $ | (0.02              | ) | $ | (0.05             | )
|                                   |   |                    |   |   |                   |  



SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC. 
   INTERIM STATEMENT OF DEFICIT
  for the nine months ended November 30, 2002
  (Stated in US Dollars) (Unaudited)

|                             |   | 2002        |   |   | 2001       |  
|---------------------------- | - | ----------- | - | - | ---------- | -
|                             |   |             |   |   |            |  
|Deficit, beginning of period | $ | ( 6,810,456 | ) | $ | (5,179,565 | )
|                             |   |             |   |   |            |  
|Net loss for the period      |   | (905,512    | ) |   | (950,448   | )
|                             |   |             |   |   |            |  
|Deficit, end of period       | $ | ( 7,715,968 | ) | $ | (6,130,013 | )
|                             |   |             |   |   |            |  





SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC. 
  INTERIM STATEMENT OF CASH FLOWS
  for the nine months ended November 30, 2002
  (Stated in US Dollars) (Unaudited)

|                                           |   | 2002     |   |   | 2001     |  
|------------------------------------------ | - | -------- | - | - | -------- | -
|                                           |   |          |   |   |          |  
|Operating Activities                       |   |          |   |   |          |  
|Net
        loss for the period            | $ | (905,512 | ) | $ | (950,448 | )
|Add
        items not involving cash:      |   |          |   |   |          |  
|Amortization
        of license fees       |   | -        |   |   | 67,881   |  
|Depreciation                               |   | 16,077   |   |   | 60,958   |  
|                                           |   |          |   |   |          |  
|                                           |   | (889,435 | ) |   | (821,609 | )
|                                           |   |          |   |   |          |  
|Changes in non-cash working capital        |   |          |   |   |          |  
|items related to operations:               |   |          |   |   |          |  
|Accounts
      receivable                  |   | (8,879   | ) |   | 66,453   |  
|Inventory                                  |   | (181,524 | ) |   | 96,980   |  
|Prepaids                                   |   | (13,316  | ) |   | (3,790   | )
|Accounts
      payable                     |   | 421,112  |   |   | 34,632   |  
|                                           |   |          |   |   |          |  
|Cash used in operations                    |   | (672,042 | ) |   | (627,334 | )
|                                           |   |          |   |   |          |  
|Financing Activities                       |   |          |   |   |          |  
|Proceeds from share
      subscriptions    |   | 51,500   |   |   | 206,000  |  
|Proceeds from convertible
      promissory |   |          |   |   |          |  
|notes
      payable                        |   | 372,000  |   |   | 25,000   |  
|                                           |   |          |   |   |          |  
|Cash provided by financing activities      |   | 423,500  |   |   | 231,000  |  
|                                           |   |          |   |   |          |  
|Investing Activities                       |   |          |   |   |          |  
|Acquisition of capital
      assets        |   | (8,907   | ) |   | (64,273  | )
|Patent costs                               |   | -        |   |   | (2,753   | )
|                                           |   |          |   |   |          |  
|Cash used in investing activities          |   | (8,907   | ) |   | (67,026  | )
|                                           |   |          |   |   |          |  
|Increase (decrease) in cash during the     |   | (257,449 | ) |   | (463,360 | )
|period                                     |   |          |   |   |          |  
|                                           |   |          |   |   |          |  
|Cash, beginning of period                  |   | 268,339  |   |   | 523,481  |  
|                                           |   |          |   |   |          |  
|Cash, end of period                        | $ | 10,890   |   | $ | 60,121   |  
|                                           |   |          |   |   |          |  
|Supplementary cash flow information:       |   |          |   |   |          |  
|Cash paid for:                             |   |          |   |   |          |  
|Interest                                   | $ | 17,045   |   | $ | 56,642   |  
|                                           |   |          |   |   |          |  
|Income
      taxes                         | $ | -        |   | $ | -        |  
|                                           |   |          |   |   |          |  
|                                           |   |          |   |   |          |  
|Non-cash transactions  Note 7             |   |          |   |   |          |  

SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC.INTERIM STATEMENT OF SHAREHOLDERS EQUITY (DEFICIENCY)
  for the year ended February 28, 2002 and the nine months ended November 30,
  2002
  (Stated in US Dollars)(Unaudited)

SEE ACCOMPANYING NOTES

---

SENSE TECHNOLOGIES INC. 
  NOTES TO THE INTERIM FINANCIAL STATEMENTS November 30, 2002 
  (Stated in US Dollars) (Unaudited)

|Note 1 | Interim Reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       | The accompanying unaudited financial statements have been
      prepared in accordance with accounting principles generally accepted in
      the United States of America for interim financial information (and 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       | These financial statements have been prepared on a going concern
      basis. The Company has a working capital deficiency of $955,457 as at November
      30, 2002 and has accumulated losses of $7,715,968 since inception. The Companys
      ability to continue as a going concern is dependent upon the ability of
      the Company to generate profitable operations in the future and/or to obtain
      the necessary financing to meet its obligations and repay its liabilities
      arising from normal business operations when they come due.                                                                                                                                                                                                                                                                                                                                                   

|       |    |                                                                                                                                                                                                                              
|------ | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Note 2 |    | Common Stock                                                                                                                                                                                                                 
|       |    |                                                                                                                                                                                                                              
|       |    |                                                                                                                                                                                                                              
|       | a) | Authorized:                                                                                                                                                                                                                  
|       |    |                                                                                                                                                                                                                              
|       |    | 99,250,000 common shares without par value                                                                                                                                                                                   
|       |    |                                                                                                                                                                                                                              
|       | b) | Escrow:                                                                                                                                                                                                                      
|       |    |                                                                                                                                                                                                                              
|       |    | At November 30, 2002, there are 5,970,190 shares held in escrow
      by the Companys transfer agent. The release of these shares is subject
      to the direction or determination 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 the Companys stock on the date of the grant.      



---

|       |                                 |                                         
|------ | ------------------------------- | ----------------------------------------
|       |                                 |                                         
|Note 2 | Share Capital
        (contd)
|       |                                 |                                         
|       | d)                              | Commitments:  (contd)                 
|       |                                 |                                         
|       |                                 | Stock-based Compensation Plan  (contd)

| |                                                    | November 30, 2002 |  
| | -------------------------------------------------- | ----------------- | -
| |                                                    |                   |  
| |                                                    |                   |  
| |                                                    |                   |  
| |                                                    |                   |  
| |                                                    | Shares            |  
| |                                                    |                   |  
| | Outstanding and exercisable at beginning of period | 1,385,000         |  
| | Granted                                            | 450,000           |  
| | Less: Common share purchase options not vested     | (325,000          | )
| | Cancelled                                          | (290,000          | )
| |                                                    |                   |  
| | Outstanding and exercisable at end of period       | 1,220,000         |  
| |                                                    |                   |  

At November 30, 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    | June 22, 2003     | 
| | 15,000    | $1.03    | June 25, 2004     | 
| | 40,000    | $1.03    | October 31, 2004  | 
| | 25,000    | $1.03    | June 8, 2005      | 
| | 580,000   | $1.03    | August 4, 2005    | 
| | 25,000    | $1.03    | March 22, 2006    | 
| | 400,000   | $2.30    | December 18, 2006 | 
| | 75,000    | $2.50    | June 5, 2007      | 
| | 25,000    | $2.50    | March 8, 2008     | 
| | 25,000    | $2.50    | June 6, 2008      | 
| |           |          |                   | 
| | 1,220,000 |          |                   | 
| |           |          |                   | 

| | e) | Common Stock Subscribed                                                                                                                                                                   
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                           
| |    | The Company has received $51,500 in respect to
      a private placement for 50,000 common shares at $1.03 per share. As at November
      30, 2002, these shares had not yet been issued.



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|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Note 3 | Convertible
        Promissory Notes Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|       | As at November 30, 2002, the Company has issued
      a total of $1,798,000 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, $792,000 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. At November 30, 2002,
      $460,000 of the convertible promissory notes had matured and were past due.
      The Company is negotiating with the respective note holders to extend their
      maturity dates.
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Note 4 | Related 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 |  |   |       |  |   | Nine months ended |  |   |       | 
| | ------------------------- | - | ------------------ |  | - | ----- |  | - | ----------------- |  | - | ----- | 
| |                           |   | November 30,       |  |   |       |  |   | November 30,      |  |   |       | 
| |                           |   | 2002               |  |   | 2001  |  |   | 2002              |  |   | 2001  | 
| |                           |   |                    |  |   |       |  |   |                   |  |   |       | 
| | Advertising and marketing | $ | -                  |  | $ | -     |  | $ | 35,441            |  | $ | -     | 
| | Consulting                |   | -                  |  |   | -     |  |   | 43,154            |  |   | -     | 
| | Legal and accounting      |   | 2,890              |  |   | 1,781 |  |   | 4,890             |  |   | 4,129 | 
| | Royalties                 |   | 7,716              |  |   | 4,765 |  |   | 7,716             |  |   | -     | 
| | Wages and benefits        |   | 37,500             |  |   | -     |  |   | 112,500           |  |   | -     | 
| |                           |   |                    |  |   |       |  |   |                   |  |   |       | 
| |                           | $ | 48,106             |  | $ | 6,546 |  | $ | 203,701           |  | $ | 4,129 | 
| |                           |   |                    |  |   |       |  |   |                   |  |   |       | 

| | These charges were measured by the exchange amount which is the amount
      agreed upon by the transacting parties.                                                                                                                                                  
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                                                                       
| | Included in accounts payable are amounts totalling $2,363 due to an accounting
      firm of which a director is partner and $28,134 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 $52,000.                                                                                                                                   
| |                                                                                                                                                                                                                                                                       

---

|       |                 |                                                                                                                                   
|------ | --------------- | ----------------------------------------------------------------------------------------------------------------------------------
|Note 5 | Major Customer 
|       |                 |                                                                                                                                   
|       |                 | The Company has revenue from a single customer totalling $60,000
      for the nine months ended November 30, 2002.               
|       |                 |                                                                                                                                   
|Note 6 | Commitments    
|       |                 |                                                                                                                                   
|       | At November 30:
|       |                 |                                                                                                                                   
|       | i)              | the Company has entered into a lease for its premises in Charlotte,
      North Carolina requiring the following minimum payments:

| | Fiscal year ended |   |        | 
| | ----------------- | - | ------ | 
| | February 28:      |   |        | 
| | 2003              | $ | 6,342  | 
| | 2004              |   | 25,368 | 
| | 2005              |   | 25,368 | 
| | 2006              |   | 8,456  | 
| |                   | $ | 65,534 | 

|       | ii)                                                                                                                              | the Company has agreed to issue 10,000 common shares to a
      creditor to settle a debt.                                       
|------ | -------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                  |                                                                                                                                  
|Note 7 | Non-cash Transactions                                                                                                           
|       |                                                                                                                                  |                                                                                                                                  
|       | Investing and financing activities that do not have an impact
      on cash flows are excluded from the statement of cash flows.
|       |                                                                                                                                  |                                                                                                                                  
|       | During the nine months ended November 30, 2002:                                                                                 
|       |                                                                                                                                  |                                                                                                                                  
|       | i)                                                                                                                               | the Company issued 10,000 common shares at $1.05 per common
      share pursuantto an agreement to settle debt.                  
|       |                                                                                                                                  |                                                                                                                                  
|       | 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 Analysis or Plan of Operation

SENSE TECHNOLOGIES INC. 
   MANAGEMENT'S DISCUSSION AND ANAYLSIS OF
  FINANCIAL CONDITION AND PLAN OF OPERATIONS

The following discussion and analysis should be read in conjunction with our audited Financial Statements and Notes thereto for the periods ended November 30, 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
is 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

Revenue for the nine months ended November 30, 2002 was $190,668 as compared to $181,221 for the nine months ended November 30, 2001. Revenue for the period ended November 30, 2001 represented sales to a single customer under a previous distribution
agreement undertaken by the Company. In the current fiscal year, the Company has made efforts to expand its distribution network. Revenue for the three months ended November 30, 2002 was $137,457 as compared to $53,211 for the three months ended
August 31, 2002 largely as a result of these efforts. The Company has expanded its product line beyond the two-inch hitch mount to include a 1.25 hitch-mount and a license plate frame mount.

Direct costs of $95,597 for the period ended November 30, 2002 represent an increase over direct costs of $36,821 for the year period August 31, 2002. The increase was proportionate to the increase in unit sales. 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 for the nine-months ended November 30, 2002 were $982,412 compared to $857,676 for the nine months ended November 30, 2001, representing an increase of 14.5%. The primary component of this increase was an increase
in accounting and legal expenses to $218,560 compared to $56,545 in the comparative period. The Company incurred significant legal expenses in respect of hearings and correspondence with NASDAQ concerning the Companys listing on that exchange.

Net loss for the nine months ended November 30, 2002 decreased to $905,512 or $0.13 per share from $950,448 or $0.16 per share for the nine months ended November 30, 2001. The results from the comparative period included a charge of $160,000 in
respect to sales returns pursuant to the aforementioned sales distribution agreement. Additionally, net loss has decreased in the current fiscal period due to the prospective application of a new accounting principle concerning the amortization of
intangible assets.

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|Liquidity and Capital Resources
      At November 30, 2002, the Company had cash and cash equivalents on hand
      of $10,890 compared with $268,339 at February 28, 2002.
      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 INFORMATIONItem 1  Legal Proceedings
      None.Item 2 -Change in Securities
      NoneItem 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)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|(b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      



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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, 2003 |     | SENSE TECHNOLOGIES INC.     | 
|----- | ---------------- | --- | --------------------------- | 
|      |                  |     | (Registrant)                | 
|      |                  |     |                             | 
|      |                  | By: | /s/
        James H. Cotter | 
|      |                  |     | James H. Cotter, President  | 



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