U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[X]      QUARTERLY  REPORT  PURSUANT  TO  SECTION 13 OR 15(d) OF  THE SECURITIES
         EXCHANGE ACT OF 1934

         For the quarterly period ended:    June 30, 2002
                                            -------------

                                       OR

[  ]     TRANSITION REPORT PURSUANT TO  SECTION  13  OR  15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

                           Commission File No.: 0-3125
                                                ------

                              General Devices, Inc.
                              ---------------------
        (Exact name of small business issuer as specified in its charter)


           Delaware                                          21-0661726
           --------                                          ----------
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                           Identification No.)


               376 Main Street, P.O. Box 74, Bedminster, NJ 07921
               --------------------------------------------------
                    (Address of principal executive offices)


                                 (908) 234-1881
                                 --------------
                           (Issuer's telephone number)

                                       N/A
                                       ---
              (Former name, former address and former fiscal year,
                          if changed since last report)

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


     State the number of shares  outstanding of each of the issuer's  classes of
common stock: As of July 31, 2002 the issuer had 2,122,922  shares of its common
stock, par value $.01 per share, outstanding.

Transitional Small Business Disclosure Format (check one). Yes     No  X
                                                               ---    ---

<PAGE>

Part  I - FINANCIAL INFORMATION
-------   ---------------------
Item 1. - Financial Statements
-------   --------------------

                      GENERAL DEVICES, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEET
                                   (UNAUDITED)


                                                                     June 30,
                                                                       2002
                                                                       ----
Assets
------

Current assets:
  Cash                                                              $  142,084
  Prepaid expenses                                                       1,091
                                                                    ----------
    Total current assets                                               143,175
Investment in unproved oil producing activities                         53,074
                                                                    ----------
    Total assets                                                    $  196,249
                                                                    ==========

Liabilities and stockholders' equity
------------------------------------

Current liabilities:
  Accounts payable and accrued liabilities                          $    6,242
  Oil drilling and production costs payable                             44,575
                                                                    ----------
    Total current liabilities                                           50,817
                                                                    ----------

Commitments and contingencies

Stockholders' equity:
  Common stock $.01 par value 12,000,000
    shares authorized; 2,122,922 issued and outstanding                 21,229
  Capital in excess of par value                                     2,325,602
  Accumulated deficit                                              ( 2,201,399)
                                                                    ----------
    Total stockholders' equity                                         145,432
                                                                    ----------
    Total liabilities and stockholders'
      equity                                                        $  196,249
                                                                    ==========










          See accompanying notes to consolidated financial statements.

                                       2
<PAGE>

                      GENERAL DEVICES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)





                                                         Three Months Ended
                                                              June 30,
                                                        ---------------------
                                                           2002        2001
                                                        ---------    --------

Revenue                                                 $       -    $       -

General and administrative expenses                         8,800        5,147
                                                        ---------    ---------

Net loss                                               ($   8,800)  ($   5,147)
                                                        =========    =========

Basic and diluted net loss per share                   ($     .01)   $       -
                                                        =========    =========

Weighted average number of
  shares outstanding                                    1,480,065    1,372,922
                                                        =========    =========






















          See accompanying notes to consolidated financial statements.

                                       3


<PAGE>


                      GENERAL DEVICES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)





                                                           Six Months Ended
                                                                June 30,
                                                         --------------------
                                                           2002        2001
                                                         --------    --------

Revenue                                                 $       -   $       -

General and administrative expenses                        13,092      15,490
                                                        ---------   ---------

Net loss                                               ($  13,092) ($  15,490)
                                                        =========   =========

Basic and diluted net loss per share                   ($     .01) ($     .01)
                                                        =========   =========

Weighted average number of
  shares outstanding                                    1,426,789   1,372,923
                                                        =========   =========





















          See accompanying notes to consolidated financial statements.


                                       4
<PAGE>

                      GENERAL DEVICES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)





                                                             Six Months Ended
                                                                  June 30,
                                                           --------------------
                                                             2002       2001
                                                           ---------  ---------

Cash flows from operating activities:
  Net loss                                                ($ 13,092) ($ 15,490)
  Change in prepaid expenses                              (     673)         -
  Change in accounts payable and
    accrued liabilities                                   (  17,260)     1,211
                                                           --------   --------
    Net cash used in operating activities                 (  31,025) (  14,279)
                                                           --------   --------

Cash flows used in investing activities -
  Investment in unproved oil producing activities         (   8,499)         -
                                                           --------   --------

Cash flows from financing activities:
  Issuance of common stock in private placement             150,000          -
                                                           --------   --------

Net increase(decrease)in cash                               110,476  (  14,279)
Cash at beginning of period                                  31,608     38,972
                                                           --------   --------
Cash at end of period                                      $142,084   $ 24,693
                                                           ========   ========


Supplemental disclosures of cash flow information:

      Cash paid for income taxes                           $    240   $    340
                                                           ========   ========
      Non-cash investment in unproved
       oil producing activities and
       increase in oil drilling and
       production costs payable                            $ 44,575          -
                                                           ========   ========
















          See accompanying notes to consolidated financial statements.


                                       5

<PAGE>

                      GENERAL DEVICES, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             June 30, 2002 AND 2001

                                   (UNAUDITED)

1.   Basis of Presentation
     ---------------------

     The accompanying  unaudited financial  statements of General Devices,  Inc.
(the  "Company") as of June 30, 2002 and for the three and six months ended June
30, 2002 and 2001 reflect all  material  adjustments  consisting  of only normal
recurring  adjustments which, in the opinion of management,  are necessary for a
fair  presentation of results for the interim periods.  Certain  information and
footnote disclosures required under accounting  principles generally accepted in
the United  States of America  have been  condensed  or omitted  pursuant to the
rules and  regulations of the Securities and Exchange  Commission,  although the
Company  believes  that the  disclosures  are  adequate to make the  information
presented  not  misleading.   These  financial  statements  should  be  read  in
conjunction  with the financial  statements  and notes  thereto  included in the
Company's  Annual Report on Form 10-KSB for the year ended December 31, 2001, as
filed with the Securities and Exchange Commission.

     The  preparation  of financial  statements  in conformity  with  accounting
principles   generally  accepted  in  the  United  States  of  America  requires
management to make estimates and assumptions that affect the reported amounts of
assets and  liabilities  and disclosure of contingent  assets and liabilities at
the date of the  financial  statements  and the reported  amount of revenues and
expenses  during the reporting  period.  Actual  results could differ from those
estimates.

     The results of  operations  for the three and six month  periods ended June
30, 2002 and 2001 are not  necessarily  indicative of the results to be expected
for the entire year or for any other period.

2.   Investment in Unproved Oil Producing Activities
     -----------------------------------------------

     During June 2002 the Company committed to invest approximately  $159,000 in
the drilling of an oil well in eastern Montana.  Of this amount the Company paid
$8,499  in  June  2002  and  $114,640  in  July  2002  and is  committed  to pay
approximately $36,000 one to four months after the completion of the well. Based
on daily drilling  reports,  as of June 30, 2002  approximately 33% of the total
estimated costs had been incurred.  Accordingly, the Company has capitalized its
proportionate  share of these  costs as  Investment  in Unproved  Oil  Producing
Activities and has accrued the unpaid  capitalized costs. As of the date of this
filing the well was nearing  completion.  Currently  it is too soon to determine
the ultimate recoverability of the Company's investment in this oil prospect.

     The Company  entered  into an agreement  with an unrelated  third party who
introduced the Company to this investment  opportunity.  This agreement provides
that when  revenues  are  received  the  Company can retain all of the cash flow
until it has recovered 120% of its investment,  thereafter, the Company must pay
to the introducing party 10% of any additional  revenues  received.  The Company
will have an approximate 8% working  interest in this well which is estimated to
yield a net revenue  interest of 6.79% of the gross  revenue  generated  by this
well.

                                       6


<PAGE>

     In order to fund this  investment  the Company  completed a sale of 750,000
shares of common stock at a price of $.20 per share to the  Company's  principal
stockholders in a private transaction on June 18, 2002.

3.   Net Loss Per Share
     ------------------

     The Company  reports loss per share under the  requirements of Statement of
Financial  Accounting  Standards No. 128,  "Earnings per Share".  Basic loss per
share includes the weighted average number of common shares  outstanding  during
the year.  Diluted loss per share includes the weighted average number of shares
outstanding and dilutive potential common shares,  such as warrants and options.
Since there are no dilutive potential common shares,  basic and diluted loss per
share are the same.

4.    Accounting Policy - Oil and Gas Activities
      ------------------------------------------

     In  accordance  with  accounting   standards  for  oil  and  gas  producing
activities,  the Company has  classified its oil prospect  production  payments,
which are  payable in cash,  as debt and shall  apply  comprehensive  income tax
allocation.  The Company  follows  the  successful  efforts method of accounting
for  costs  incurred  in oil and gas  producing  activities  and the  manner  of
disposing of related capitalized costs are as follows:

     a.   Geological and  geophysical  costs and costs of carrying and retaining
          undeveloped properties are charged to expense as incurred.

     b.   Costs of drilling exploratory wells and exploratory-type stratigraphic
          test wells that do not find  proved  reserves  are  charged to expense
          when the wells do not find proved reserves.

     c.   Costs of acquiring properties, costs of drilling development wells and
          development-type  stratigraphic  test  wells,  and  costs of  drilling
          successful  exploratory wells and exploratory-type  stratigraphic test
          wells are capitalized.

     d.   The capitalized  costs of wells and related equipment are amortized as
          the related oil and gas reserves are produced.

     e.   Costs of unproved properties are assessed periodically,  and a loss is
          recognized if the properties are impaired.

     (See  the  Company's Form 10-KSB for the year ended December 31, 2001 for a
     complete description of all other significant accounting policies.)













                                       7


<PAGE>

Item 2. -  Management's Discussion and Analysis of Financial
------     Condition and Results of Operations
           -----------------------------------

Results of Operations
---------------------

     The  Company  had  been  engaged  in the  business  of  providing  contract
technical  services.  Effective  April 14,  1990,  the Company  sold most of its
technical  services  business,  and  certain  assets to TAD  Technical  Services
Corporation  ("TAD").  On June 1, 1990,  the Company sold its 100% owned British
subsidiary,  GDI Euroforce Ltd., to TAD. The Company continued to operate in the
technical services business from its King of Prussia, Pennsylvania location on a
much smaller scale. Since 1993, the Company has had no operations. A Petition of
Reorganization  under  Chapter 11 of the  Federal  Bankruptcy  Code was filed on
August 23, 1996.  The court  confirmed the Company's  Chapter 11  reorganization
plan on December 22, 1997,  and issued a final decree on September  15, 1998. In
February 1999 three  investors  purchased a controlling  interest in the Company
with the objective of  maximizing  shareholder  value.  The Company is currently
seeking the acquisition of an operating business. The Company is not currently a
party to any  understandings or agreements  regarding an acquisition,  merger or
similar  business  combination or  transaction  except the investment in the oil
prospect discussed in Note 2 of Notes to Consolidated Financial Statements.  The
Company was  incorporated in 1953 under the laws of the State of New Jersey.  In
September  2000,  the  Company  was  reorganized  under the laws of the State of
Delaware.  Its executive  offices were located in King of Prussia,  Pennsylvania
until September 2000 when such offices were relocated to Bedminster, New Jersey.
The Company had no revenues in the six months ended June 30, 2002 or in 2001.

     General and administrative expenses were $8,800 and $5,147 for the quarters
ended June 30, 2002 and 2001, respectively.  General and administrative expenses
for the quarter  ended June 30, 2002  consisted  of  accounting  fees of $4,000,
stockholders expenses of $2,160,  consulting fees of $1,184,  management fees of
$600 and all other office  expenses of $856.  In the quarter ended June 30, 2001
general and  administrative  expenses  consisted  of  accounting  fees of $2,000
stockholders  expenses of $1,765,  management  fees of $600 and all other office
expenses of $782.

     For the six months ended June 30, 2002 and 2001, general and administrative
expenses  were $13,092 and  $15,490,  respectively.  General and  administrative
expenses for the six months ended June 30, 2002 consisted of accounting  fees of
$6,000,  stockholders  expenses of $3,714,  management fees of $1,200 consulting
fees of $1,184 and all other  office  expenses of $994.  In the six months ended
June 30, 2001 general and  administrative  expenses consisted of accounting fees
of $9,500,  stockholders  expenses of $3,776,  management fees of $1,200 and all
other office expenses of $1,014.










                                       8


<PAGE>

Liquidity and Capital Resources
-------------------------------

     At June 30, 2002 the Company  had cash of $142,084  and working  capital of
$92,358.

     During June 2002 the Company committed to invest approximately  $159,000 in
the drilling of an oil well in eastern Montana.  Of this amount the Company paid
$8,499  in  June  2002  and  $114,640  in  July  2002  and is  committed  to pay
approximately $36,000 one to four months after the completion of the well. Based
on daily drilling  reports,  as of June 30, 2002  approximately 33% of the total
estimated costs had been incurred.  Accordingly, the Company has capitalized its
proportionate  share of these  costs as  Investment  in Unproved  Oil  Producing
Activities and has accrued the unpaid  capitalized costs. As of the date of this
filing the well was nearing  completion.  Currently  it is too soon to determine
the ultimate recoverability of the Company's investment in this oil prospect.

     The Company  entered  into an agreement  with an unrelated  third party who
introduced the Company to this investment  opportunity.  This agreement provides
that when  revenues  are  received  the  Company can retain all of the cash flow
until it has recovered 120% of its investment,  thereafter, the Company must pay
to the introducing party 10% of any additional  revenues  received.  The Company
will have an approximate 8% working  interest in this well which is estimated to
yield a net revenue  interest of 6.79% of the gross  revenue  generated  by this
well.

     In order to fund this  investment  the Company  completed a sale of 750,000
shares of common stock at a price of $.20 per share to the  Company's  principal
stockholders in a private transaction.

     Additional  financing  will likely be required to meet the  Company's  cash
needs  over the next  twelve  months.  Management  is  currently  reviewing  the
possibility  of an  additional  private  placement  to the  Company's  principal
stockholders.

Part II - OTHER INFORMATION
-------   -----------------

Item 6. - Exhibits and Reports on Form 8-K
------    --------------------------------

(a)       Exhibits
          --------

          99.1 - Certification  pursuant  to  18 U.S.C. Section  1350 as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

(b)       Reports on Form 8-K
          -------------------

          On June 27, 2002, the Company filed a Form 8-K reporting that  it  had
          completed a private placement of 750,000 shares of common  stock.  The
          Company  also  reported  that it  had  made  an  investment  in an oil
          prospect located in eastern Montana.



                                       9





<PAGE>


                                   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.

                                        GENERAL DEVICES, INC.



Dated: August 13, 2002                  By: /s/ John W. Galuchie, Jr.
                                            ------------------------------
                                            John W. Galuchie, Jr.
                                            Chairman