U. S. Securities and Exchange Commission
                            Washington, D. C.  20549

                                   FORM 10-QSB


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

        For  the  quarterly  period  ended  June 30,  2002

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

         For  the  transition  period  from                to
                                            --------------    ------------------


                           Commission File No. 0-31927


                          LASERLOCK TECHNOLOGIES, INC.
              -----------------------------------------------------
             (Exact name of Registrant as specified in its charter)

           NEVADA                                   23-3023677
      -------------------------------             -------------------
      (State or other jurisdiction of               (IRS Employer
       Incorporation or Organization)             Identification No.)


                      837 Lindy Lane, Bala Cynwyd, PA 19004
          ------------------------------------------------------------
                    (Address of Principal Executive offices)


                                (610) 909 - 1000
                                 --------------
                           (Issuer's telephone number)


     Check  whether  the  issuer  (1)  filed all reports required to be filed by
Section  13 or 15 (d) of the Exchange Act during the past 12 months (or for such
shorter  period  that the registrant was required to file such reports), and (2)
has  been  subject  to  such  filing  requirements  for  the  past  90  days.

                          Yes    X                  No
                               -------                   -------

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


 Class                                 Outstanding at June 30, 2002
 -----                                 ----------------------------

Common  Stock,  no  par  value                   18,334,742

<PAGE>
Transitional  Small  Business  Disclosure  Form  (check  one):

                          Yes     X                 No
                              --------                 --------


                          LASERLOCK TECHNOLOGIES, INC.


                                TABLE OF CONTENTS
                                   FORM 10-QSB


                                     PART I
                              FINANCIAL INFORMATION


Item  1.          Consolidated Financial Statement, Unaudited

                  Unaudited    Consolidated Balance  Sheet
                     at  June 30, 2002

                  Unaudited   Consolidated Statement  of  Operations
                    for the three and six months ended
                    June 30, 2001  and  2002

                  Unaudited    Consolidated Statement  of  Stockholders Equity
                    for the three and six months ended
                    June 30, 2001  and  2002

                  Unaudited   Consolidated Statement  of  Cash  Flow  for  the
                    for the three and six months ended
                    June 30, 2001  and  2002


                  Notes to Unaudited Consolidated Financial Statements




Item  2.           Management's  Discussion  and  Analysis  or
                    Plan  of  Operation


                                     PART II
                                OTHER INFORMATION

Item  1.           Legal Proceedings

Item  2.           Changes  in  Securities  and  Use  of  Proceeds

Item  6.           Exhibits  and  Reports  on  Form  8-K

Signatures

Exhibits

<PAGE>
                         PART I - FINANCIAL INFORMATION



Item 1. Consolidated Financial Statements

<PAGE>
<TABLE>
<CAPTION>


                          LASERLOCK TECHNOLOGIES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                          CONSOLIDATED BALANCE SHEETS



                                                                         June 30,         December 31,
                                                                           2002                 2001
                                                                      ----------------    -----------------
                                                                       (Unaudited)

                                      ASSETS

CURRENT ASSETS
<S>                                                                     <C>                  <C>
  Cash and cash equivalents                                                 $ 115,044            $ 268,984
  Receivables                                                                   6,261                5,593
  Note receivable                                                              10,000               15,000
  Prepaid expenses                                                             18,750               26,250
                                                                      ----------------    -----------------
          Total current assets                                                150,055              315,827
                                                                      ----------------    -----------------
PROPERTY & EQUIPMENT
  Office equipment, net                                                        19,728                    -
                                                                      ----------------    -----------------
OTHER ASSETS
  Intangible assets, net of accumulated amortization of $172,972 as
    of June 30, 2002 and $13,305 as of December 31, 2001                      585,028              744,694
                                                                      ----------------    -----------------
          Total assets                                                      $ 754,811          $ 1,060,521
                                                                      ================    =================

                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts payable and accrued expenses                                     $   7,815            $  19,312
  Deferred revenue                                                              1,042               21,042
                                                                      ----------------    -----------------
         Total current liabilities                                              8,857               40,354
                                                                      ----------------    -----------------

Commitments

STOCKHOLDERS' EQUITY
  Preferred stock, $.001 par value; 10,000,000 shares authorized,
    no shares issued and outstanding
  Common stock, $.001 par value; 40,000,000 shares authorized,
    18,334,742 shares outstanding at June 30, 2002
    and 16,957,867 shares outstanding at December 31, 2001
                                                                               18,335               16,958
  Additional paid-in capital                                                2,991,573            2,477,450
  Deficit accumulated during the development stage                        (2,263,954)          (1,474,241)
                                                                      ----------------    -----------------
          Total stockholders' equity                                          745,954            1,020,167
                                                                      ----------------    -----------------
          Total liabilities and stockholders' equity                        $ 754,811          $ 1,060,521
                                                                      ================    =================



</TABLE>
          See accompanying notes to consolidated financial statements
                                      (1)


<PAGE>
<TABLE>
<CAPTION>

                          LASERLOCK TECHNOLOGIES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                     CONSOLIDATED STATEMENTS OF OPERATIONS
           FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2002 AND 2001
     AND THE PERIOD NOVEMBER 10, 1999 (DATE OF INCEPTION) TO JUNE 30, 2002
                                  (Unaudited)



                                                              Three Months                   Six Months
                                              Cumulative        Ended                          Ended
                                                 Since         June 30,                       June 30,
                                               Inception         2002            2001           2002           2001
                                             --------------  -------------   -------------  -------------  --------------
REVENUES
<S>                                             <C>             <C>             <C>             <C>
  Sales                                          $  20,088       $  4,018         $     -      $  13,493         $     -
  Royalties                                         77,708          6,250               -         72,500               -
                                             --------------  -------------   -------------  -------------  --------------
         Total revenues                             97,796         10,268               -         85,993               -
                                             --------------  -------------   -------------  -------------  --------------
COSTS AND EXPENSES:
  Research and development                         306,414         39,957          32,780         72,284          68,588
  Patent                                            58,060          3,000               -          7,071               -
  Legal and accounting                             258,732         41,794          40,156         74,952          53,156
  Sales and marketing                            1,129,904        167,723          34,283        354,907         137,802
  General and administrative                       964,516        189,285          63,669        367,936         366,832
                                             --------------  -------------   -------------  -------------  --------------
          Total costs and expenses               2,717,626        441,759         170,888        877,150         626,378

LOSS BEFORE OTHER INCOME                       (2,619,830)      (431,491)       (170,888)      (791,157)       (626,378)

OTHER INCOME:
  Interest income                                   45,876           687           5,149          1,444          14,200
                                             --------------  -------------   -------------  -------------  --------------

LOSS BEFORE INCOME TAX BENEFIT                 (2,573,954)      (430,804)       (165,739)      (789,713)       (612,178)

INCOME TAX BENEFIT                                310,000
                                             --------------  -------------   -------------  -------------  --------------

NET LOSS                                      $(2,263,954)     $(430,804)      $(165,739)     $(789,713)      $(612,178)
                                             ==============  =============   =============  =============  ==============
BASIC AND DILUTED WEIGHTED AVERAGE
  COMMON SHARES OUTSTANDING                                    18,283,231      13,679,906     17,711,879     13,546,983
                                                             =============   =============  =============  ==============
BASIC AND DILUTED NET LOSS PER COMMON SHARE                     $  (0.02)       $  (0.01)      $  (0.04)       $  (0.05)
                                                             =============   =============  =============  ==============



</TABLE>
          See accompanying notes to consolidated financial statements
                                      (2)


<PAGE>
<TABLE>
<CAPTION>




                          LASERLOCK TECHNOLOGIES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
           CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
     FOR THE PERIOD NOVEMBER 10, 1999 (DATE OF INCEPTION) TO JUNE 30, 2002



                                                                                                                Deficit
                                                                                                              Accumulated
                                                      Common Stock                              Additional     during the
                                                     ----------------------------
                                                       Number of                  Consulting      Paid-In     Development
                                                         Shares       Amount         Fees         Capital        Stage        Total
                                                     --------------- ------------ ------------- ------------- -------------- ------

<S>                                                   <C>            <C>           <C>          <C>             <C>            <C>
Issuance of 4,278,000 shares on November 10, 1999       4,278,000    $   4,278           -    $  16,595       $      -    $  20,873
Issuance of 1,232,000 shares of common stock
 in exchange for services                               1,232,000        1,232                   35,728                      36,960
Issuance of 2,090,000 shares of common stock            2,090,000        2,090                   60,610                      62,700
Stock issuance costs                                                                           (13,690)                    (13,690)
Net loss                                                                                                      (54,113)     (54,113)
                                                     ------------- ------------ ---------- ------------- -------------- -----------

Balance, December 31, 1999                              7,600,000        7,600          -        99,243       (54,113)       52,730
Issuance of 5,449,999 shares of common stock            5,449,999        5,450                  921,050                     926,500
Issuance of 240,000 shares of common stock
 in exchange for services                                 240,000          240   (40,800)        40,560                           -
Stock issuance costs                                                                           (16,335)                    (16,335)
Fair value of non-employee stock options grants                                                  50,350                      50,350
Amortization of deferred consulting fees                                           20,117                                    20,117
Net loss                                                                                                     (367,829)    (367,829)
                                                     ------------- ------------ ---------- ------------- -------------- -----------

Balance, December 31, 2000                             13,289,999       13,290   (20,683)     1,094,868      (421,942)      665,533
Issuance of 217,500 shares of common stock                217,500          218                   77,723                      77,941
Issuance of 2,000,000 shares of common stock and
  2,000,000 stock options for purchase of intangibles   2,000,000        2,000                  736,000                     738,000
Issuance of 1,500,000 stock options                                                              15,000                      15,000
Exercise of 1,450,368 options                           1,450,368        1,450                  230,609                     232,059
Fair value of non-employee stock options                                                        323,250                     323,250
Amortization of deferred consulting fees                                           20,683                                    20,683
Net loss                                                                                                   (1,052,299)  (1,052,299)
                                                     ------------- ------------ ---------- ------------- -------------- -----------

Balance, December 31, 2001                             16,957,867       16,958          -     2,477,450    (1,474,241)    1,020,167
Issuance of 1,376,875 shares of common stock            1,376,875        1,377                  439,223                     440,600
Fair value of non-employee stock options                                                         74,900                      74,900
Net loss for six months ended June 30, 2002                                                                  (789,713)    (789,713)
                                                     ------------- ------------ ---------- ------------- -------------- -----------

Balance, June 30, 2002 (unaudited)                     18,334,742    $  18,335   $      -   $ 2,991,573  $ (2,263,954)   $  745,954
                                                     ============= ============ ========== ============= ============== ===========



</TABLE>
          See accompanying notes to consolidated financial statements
                                      (3)
<PAGE>
<TABLE>
<CAPTION>



                          LASERLOCK TECHNOLOGIES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                FOR THE SIX MONTHS ENDED JUNE 30, 2002 AND 2001
     AND THE PERIOD NOVEMBER 10, 1999 (DATE OF INCEPTION) TO JUNE 30, 2002
                                  (Unaudited)




                                                            Cumulative
                                                               Since
                                                             Inception            2002                2001
                                                            --------------   ----------------    ---------------

CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                         <C>                 <C>                 <C>
  Net loss                                                  $ (2,263,954)        $ (789,713)        $ (612,178)
  Adjustments to reconcile net loss to net cash used in
   operating activities:
   Non-cash items included in net loss:
      Fair value of options issued in exchange for services       448,500             74,900            323,250
      Amortization                                                172,972            159,667
      Stock issued in exchange for services                        36,960                                20,683
      Amortization of deferred consulting fees                     40,800
     Changes in assets and liabilities:
       (Increase) decrease in receivables                         (6,261)              (668)              2,952
       (Increase) decrease in prepaid expenses                   (18,750)              7,500
       (Decrease) increase in accounts payable                      7,816           (11,498)              1,098
       Decrease in deferred revenue                                 1,042           (20,000)
                                                            --------------   ----------------    ---------------
          Net cash used in operating activities               (1,580,875)          (579,812)          (264,195)
                                                            --------------   ----------------    ---------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchase of fixed assets                                       (19,728)           (19,728)
  Purchase of intangibles                                        (20,000)
  Decrease in note receivable                                    (10,000)              5,000
                                                            --------------   ----------------    ---------------

          Net cash used in financing activities                  (49,728)           (14,728)                  -
                                                            --------------   ----------------    ---------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from issuance of stock options                          15,000                                15,000
  Proceeds from issuance of common stock                        1,528,613            440,600            185,000
  Proceeds from exercise of stock options                         232,059
  Stock issuance costs                                           (30,025)
                                                            --------------   ----------------    ---------------
           Net cash provided by financing activities            1,745,647            440,600            200,000
                                                            --------------   ----------------    ---------------
          Net increase (decrease) in cash                         115,044          (153,940)           (64,195)

CASH, BEGINNING                                                                      268,984            656,803
                                                            --------------   ----------------    ---------------
CASH, ENDING                                                   $  115,044         $  115,044         $  592,608
                                                            ==============   ================    ===============

SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING
  ACTIVITIES
    Common stock and stock options issued for
      purchase of intangibles                                   $ 738,000
                                                            ==============


</TABLE>

          See accompanying notes to consolidated financial statements
                                      (4)

<PAGE>


                          LASERLOCK TECHNOLOGIES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2002 AND 2001


NOTE 1  BASIS OF PRESENTATIONS

     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance  with U.S.  generally  accepted  accounting  principles  for  interim
financial  information and with the instructions for Form 10-QSB and Item 310(b)
of Regulation S-B.  Accordingly,  they do not include all of the information and
footnotes  required by generally  accepted  accounting  principles  for complete
financial statements. In the opinion of management,  all adjustments (consisting
of normal recurring accruals)  considered necessary for a fair presentation have
been included.  Operating results for the six months ended June 30, 2002 are not
necessarily  indicative  of the results  that may be expected for the year ended
December  31,  2002.  The  unaudited  financial  statements  should  be  read in
conjunction with the financial  statements and footnotes thereto included in the
Company's annual report on Form 10-KSB for the year ended December 31, 2001.


NOTE 2  REALIZATION OF ASSETS

     The accompanying  financial statements have been prepared assuming that the
Company will continue as a going concern.  The Company has incurred  losses from
activities during the development stage. This condition raises substantial doubt
about the  Company's  ability to  continue  as a going  concern.  The  financial
statements do not include any adjustments  that might result from the outcome of
this uncertainty.


NOTE 3  STOCK OPTIONS

     In March 2002,  the Company  issued 265,000 stock options to members of its
Board of  Advisors.  Each option  provides  the right to  purchase  one share of
common stock at $.40 per share;  immediate  vesting of options and expiration of
options in March 2007.  The exercise price for the options was equal to the fair
market value of the common stock on the date of grant.  In  accordance  with the
fair value method as described in the accounting  requirements  of SFAS No. 123,
the Company recognized an expense of $37,200 during the first quarter of 2002.

     In May  and  June  2002,  the  Company  issued  320,000  stock  options  to
non-employees.  Each option  provides  the right to purchase one share of common
stock at exercise prices between $.39 and $.47 per share;  immediate  vesting of
options  and  expiration  of options in June 2007.  The  exercise  price for the
options  was equal to the fair market  value of the common  stock on the date of
grant.  In accordance  with the fair value method as described in the accounting
requirements  of SFAS No.  123,  the  Company  recognized  an expense of $37,700
during the second quarter of 2002.

                                      (5)
<PAGE>


                          LASERLOCK TECHNOLOGIES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2002 AND 2001


NOTE 4  INCOME TAXES

     The  Company  has  $1,658,000  in  federal  and  state net  operating  loss
carryovers, which can be used to offset future taxable income. The net operating
loss carryforwards expire in the year 2031.

The components of the Company's deferred tax assets are as follows:

                                                 June 30,          December 31,
                                                 2002              2001

  Deferred tax asset for NOL carryforwards        $680,000         $452,000
  Deferred tax liability for intangibles          (241,000)        (305,000)
  Valuation allowance                             (439,000)        (147,000)

                                                  $-               $-

NOTE 5  ISSUANCE OF COMMON STOCK

     The Company  sold  1,376,875  shares of its common stock during the period.
The total  proceeds  received  during  the six months  ended June 30,  2002 were
$440,600.


<PAGE>
Item 2. Management Discussion and Analysis of Plan of Operation

Three and Six Months Ending June 30, 2002 Compared
to the Three and Six Months Ending June 30, 2001

     The Company had sales of $4,018 and  $13,493  and  royalties  of $6,250 and
$72,500,  resepctively  for the three and six-month  period ending June 30, 2002
and had no sales or revenues for the three and six-month  period ending June 30,
2001. This includes the Company's  recording of revenue of $60,000 in the period
ending March 31, 2002 from an evaluation project for an anti-diversion  customer
which has been  completed.  The Company has started to make sales under  certain
contracts in the gaming, anti-counterfeiting, and anti-diversion industries, and
we are  negotiating  several others which should  continue to increase our sales
and  royalties.  We have been  granted one patent in the United  States and have
applied for two additional patents for our technology for technologies which may
be used as part of an  anti-counterfeiting  protection  process. We believe that
our laser and ink combination  products are ready for commercial  production and
we have been  soliciting  orders for our products.  We believe that we will have
orders for our  products in the casino and gaming  industries  by the end of the
2002 fiscal year.

     The Company's net loss  increased  156% and 26% from $165,739 and $612,178,
respectively  for the three and six months  ending June 30, 2001 to $430,804 and
$789,713,  respectively,  for the three and six months ending June 30, 2002. The
increase was primarily  caused by an increase in sales and marketing costs which
totaled  $167,723 and $354,907 in the three and six months ending June 30, 2002,
as opposed to $34,283 and  $137,802 in the three and six months  ending June 30,
2001,  which more than off-set our initial  sales and  royalties,  which totaled
$10,266 and $85,993  for the three and six month  period  ended June 30, 2002 as
opposed  to $0 for the three and six  month  period  ended  June 30,  2002.  The
increase in these  expenses was the result of the Company's  marketing  expenses
and active  solicitation of orders for our products and  participation in gaming
industry  trade  shows.  The  remaining  significant  increase  in net  loss was
resultant  of  increased  legal and  accounting  expenses  to $74,952 in the six
months ending June 30, 2002, as opposed to $53,156 in the six months ending June
30,  2001,  to  account  for  our  continuing   active  patent   activities  and
professional  services to comply with certain governmental  regulations,  and an
increase in general  and  administrative  costs to $189,285  for the three month
period  ending June 30, 2002 from $63,669 for the three month period ending June
30, 2001,  to account for our west coast office and  incresed  staff  associated
with our asset purchase of E.D.S. Marketing Inc.

     Other income for the three and  six-month  period  totaled $687 and $1,444,
respectively. This income was interest received on the Company's cash reserves.

Liquidity and Capital Resources

     During  the first  six  months of 2002,  the  Company  was able to meet its
financial  needs by continuing to utilize its cash reserves.  The Company's cash
reserves  decreased  from $268,984 at the beginning of the period to $115,044 at
the end of the period,  as opposed to a decrease  from  $656,803 to $592,608 for
the same period in 2001.

     As indicated in the Company's most recent consolidated financial statements
available herein,  the Company continues to be cash flow negative.  There can be
no assurances  that the Company's  ongoing  operations  will begin to generate a
positive cash flow or that  unforeseen  events may require more working  capital
than the Company currently has at its disposal.  At the current time the Company
intends to fund its  capital  requirements  by  continuing  to utilize  its cash
reserves,  however the Company's  management believes that current cash reserves
are only  sufficient  to continue to fund the  Company for an  additional  sixty
days. If the Company is unable to meet all of its cash flow requirements through
the utilization of its cash reserves, additional funds may be borrowed or raised
through sales of its common or preferred  stock. If the Company cannot cover its
negative cash flows with its current cash  reserves,  or is unable to consummate
any of these sales or borrowings, it will realize significant adverse impacts on
its  operations - which may include  scaling back or even closing the  Company's
operations.

     The Company's business plan for the year 2002 forecast that the majority of
the Company's  revenues in the short term would be derived from the introduction
of slot tickets which are currently  being  introduced by  International  Gaming
Technology (IGT) to casinos in the United States.

     In this regard,  the Company  entered into two strategic  relationships  in
2002, one with AC Coin Company of Pleasantville, New Jersey, the other with SLOT
TICKETS,  a division of Wisconsin  Label.  These  relationships  were created in
order to market slot tickets with the Company's  anti-counterfeiting  technology
as well as incorporating  advertising on the slot ticket,  to casinos.  Although
the security related aspect of this program has begun,  the advertising  portion
will not begin to generate revenues until at least the 4th Quarter of 2002.

     Management  believes  that once the slot  ticket  advertising  begins,  the
Company will have sufficient revenues to fund operations,  however,  there is no
assurance  that such revenues will occur,  or that if they occur that they occur
before the Company is forced to scale back or close its operations.
<PAGE>


                           PART II - OTHER INFORMATION

Item  1.  Legal Proceedings

     None.


Item  2.  Changes  in  Securities  and  Use  of  Proceeds

     None.
<PAGE>



Item 6. Exhibits  and  Reports  on  Form  8-K

(A)     Exhibits
        --------

99.1   Certification of Norman Gardner

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

None


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.

                                          LaserLock Technologies, Inc.
                                          (Registrant)



Dated:   August 1_,  2002              By: /s/
                                          ---------------------------
                                          Norman Gardner
                                          President  and  CEO