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  September 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) 668 - 1952
                                 --------------
                           (Issuer's telephone number)


     Checkwhether  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 September 30, 2002
 -----                                 ----------------------------

Common  Stock,  no  par  value                       18,334,742


Transitional  Small  Business  Disclosure  Form  (check  one):

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



<PAGE>



                          LASERLOCK TECHNOLOGIES, INC.


                                TABLE OF CONTENTS
                                   FORM 10-QSB


                                     PART I
                              FINANCIAL INFORMATION



Item 1.      Financial Statements

Consolidated Balance Sheets at September 30, 2002
         (Unaudited) and December 31, 2001

Consolidated Statements of Operations (Unaudited)
         for the three months and nine months ended September 30, 2002 and 2001.

Consolidated Statement of Shareholders' Equity (Unaudited) for
         the period ended September 30, 2002.

Consolidated Statements of Cash Flows (Unaudited) for the nine
         months ended September 30, 2002 and 2001

Notes to Consolidated Financial Statements



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


                                     PART II
                                OTHER INFORMATION


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. AND SUBSIDIARIES
                          (A Development Stage Company)
                           Consolidated Balance Sheets

                                                                                 September 30,         December 31,
                                                                                     2002                  2001
                                                                               ------------------    ------------------
                                                                                  (Unaudited)
       ASSETS
Current Assets
      <S>                                                                       <C>                     <C>
      Cash and cash equivalents                                                      $   136,010           $   268,984
      Receivables                                                                         18,118                 5,593
      Note receivable                                                                          -                15,000
      Common stock subscriptions receivable                                               84,583                     -
      Prepaid expenses                                                                    15,000                26,250
                                                                               ------------------    ------------------
           Total Current Assets                                                          253,711               315,827
                                                                               ------------------    ------------------

Property and Equipment
      Capital equipment                                                                   10,284                     -
      Less accumulated depreciation                                                        2,923                     -
                                                                               ------------------    ------------------
                                                                                           7,361                     -
                                                                               ------------------    ------------------

Other Assets
      Intangible assets, net of accumulated amortization of $252,806 as of
           September 30, 2002 and $13,305 as of December 31, 2001                        505,194               744,694
      Patent costs, net of accumulated amortization of $637 as of September 30,
           2002 and $- as of December 31, 2001                                            21,991                     -
                                                                               ------------------    ------------------
                                                                                         527,185               744,694
                                                                               ------------------    ------------------
      Total Assets                                                                   $   788,257          $  1,060,521
                                                                               ==================    ==================


                        LIABILITIES AND STOCKHOLDERS' EQUITY
                        ------------------------------------
Current Liabilities
      Accounts payable and accrued expenses                                          $     5,042           $    19,312
      Deferred revenue                                                                         -                21,042
                                                                               ------------------    ------------------
           Total Current Liabilities                                                       5,042                40,354
                                                                               ------------------    ------------------


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 September 30, 2002 and 16,957,867 shares
           outstanding at December 31, 2001                                               18,335                16,958
      Common stock subscribed, $.001 par value; 1,910,000 shares
           subscribed at September 30, 2002                                                1,910                     -
      Additional paid-in capital                                                       3,228,413             2,477,450
      Deficit accumulated during the development stage                               (2,465,443)           (1,474,241)
                                                                               ------------------    ------------------
                                                                                         783,215             1,020,167
                                                                               ------------------    ------------------
      Total Liabilities and Stockholders' Equity                                     $   788,257          $  1,060,521
                                                                               ==================    ==================
</TABLE>
         (See Accompanying Notes to Consolidated Financial Statements)
<PAGE>
<TABLE>
<CAPTION>
                  LASERLOCK TECHNOLOGIES, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
                      Consolidated Statement of Operations
      For TheThree Months and Nine Months Ended September 30, 2002 and 2001
   And The Period November 10, 1999 (Date of Inception) to September 30, 2002
                                   (Unaudited)

                                                               Three Months      Three Months       Nine Months       Nine Months
                                             Cumulative            Ended             Ended             Ended             Ended
                                                Since          September 30,     September 30,     September 30,     September 30,
                                              Inception            2002              2001              2002              2001
                                            ----------------   ----------------  ----------------  ----------------  ---------------
REVENUES
      <S>                                       <C>             <C>                   <C>               <C>             <C>
      Sales                                     $    25,838        $         0         $       -       $    13,493         $       -
      Royalties                                      85,000             13,042                 -            85,542                 -
                                            ----------------   ----------------  ----------------  ----------------  ---------------
           Total revenues                           110,838             13,042                 -            99,035                 -

COSTS AND EXPENSES
      Research and development                      340,726             34,312            57,403           106,596           125,991
      Patent costs                                   50,989            (7,071)             3,489                 -             3,489
      Legal and accounting                          247,533           (11,199)            30,694            63,753            83,850
      Sales and marketing                         1,298,300            168,396            64,031           523,303           201,833
      General and administrative                    994,689             30,173             8,852           398,109           375,684
                                            ----------------   ----------------  ----------------  ----------------  ---------------
           Total costs and expenses               2,932,237            214,611           164,469         1,091,761           790,847
                                            ----------------   ----------------  ----------------  ----------------  ---------------
LOSS BEFORE OTHER INCOME                         (2,821,399)          (201,569)         (164,469)         (992,726)        (790,847)

OTHER INCOME
      Interest income                                45,956                 80             4,510             1,524            18,710
                                            ----------------   ----------------  ----------------  ----------------  ---------------
LOSS BEFORE INCOME TAX BENEFIT                  (2,775,443)          (201,489)         (159,959)         (991,202)         (772,137)
INCOME TAX BENEFIT                                  310,000                  -                 -                 -                 -
                                            ----------------   ----------------  ----------------  ----------------  ---------------
NET LOSS                                     $  (2,465,443)      $   (201,489)     $   (159,959)     $   (991,202)     $   (772,137)
                                            ================   ================  ================  ================  ===============

Basic and Diluted Weighted Average Common
      Shares Outstanding                                            18,334,742        14,157,480        17,926,235        13,923,072
                                                               ================  ================  ================  ===============

Basic and Diluted Net Loss Per Common Share                       $     (0.01)      $     (0.01)      $     (0.06)      $     (0.06)
                                                               ================  ================  ================  ===============

</TABLE>
         (See Accompanying Notes to Consolidated Financial Statements)
<PAGE>
<TABLE>
<CAPTION>
                  LASERLOCK TECHNOLOGIES, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
            Consolidated Statement of Changes in Stockholders' Equity
   For The Period November 10, 1999 (Date of Inception) to September 30, 2002
                                                                                                              Deficit
                                                                                                            Accumulated
                                                Common Stock  Common Stock - Subscribed         Additional  during the
                                          Number of                Number of        Consulting    Paid-In    Development
                                          Shares      Amount       Shares   Amount    Fees       Capital      Stage        Total
                                          ----------- -------- ----------  ------- --------   ---------  -------------  -----------
Issuance of initial 4,278,000 shares
     <S>                                   <C>        <C>       <C>         <C>     <C>       <C>          <C>           <C>
     on November 10, 1999                  4,278,000  $ 4,278               $   - $      -    $ 16,595        $      -      $20,873
Issuance of shares of common stock in
     exchange for services                 1,232,000    1,232                                   35,728                       36,960
Issuance of 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 shares of common stock         5,449,999    5,450                                  921,050                      926,500
Issuance of 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 shares of common stock           217,500      218                                   77,723                       77,941
Issuance of shares of common stock and stock
     options for purchase of intangibles  2,000,000    2,000                                  736,000                      738,000
Issuance of stock options                                                                      15,000                       15,000
Exercise of 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 shares of common stock        1,376,875    1,377                                  439,223                      440,600
Common stock - subscribed                                     1,910,000    1,910              236,840                      238,750
Fair value of non-employee stock options                                                       74,900                       74,900
Net loss                                                                                                    (991,202)    (991,202)
                                         -----------  ------- ----------  ------- --------   ---------  --------------  -----------
Balance, September 30, 2002 (Unaudited)  18,334,742  $18,335  1,910,000   $1,910    $   -   3,228,413    $(2,465,443)   $  783,215
                                         ===========  ======= ==========  ======= ========   =========  ==============  ===========
</TABLE>
         (See Accompanying Notes to Consolidated Financial Statements)
<PAGE>
<TABLE>
<CAPTION>
                          LASERLOCK TECHNOLOGIES, INC.
                          (A Development Stage Company)
                      Consolidated Statements of Operations
              For The Nine Months Ended September 30, 2002 and 2001
   And The Period November 10, 1999 (Date of Inception) to September 30, 2002
                                   (Unaudited)

                                                                                               Nine Months         Nine Months
                                                                         Cumulative               Ended               Ended
                                                                           Since              September 30,       September 30,
                                                                         Inception                 2002                2001
                                                                    ---------------------   ------------------- -------------------
Cash Flows From Operating Activities
       <S>                                                               <C>                    <C>                   <C>
       Net Loss                                                           $  (2,465,443)         $   (991,202)       $   (772,137)
       Adjustments to reconcile net loss to net cash flows
            useded by operating activities
                  Fair value of options issued in exchange for
                  services                                                       448,500                74,900             323,250
                  Amortization and depreciation                                  256,366               243,060                   -
                  Services exchanged for satisfaction of note receivable          10,000                10,000                   -
                  Stock issued in exchange for services                           36,960                     -                   -
                  Amortization of deferred consulting fees                        40,800                     -              20,683
                                 Net changes in:
                       Receivables                                              (18,118)              (12,525)               3,270
                       Prepaid expenses                                         (15,000)                11,250            (30,000)
                       Accounts payable and accrued expenses                       5,042              (14,270)              21,098
                       Deferred revenue                                                -              (21,042)                   -
                                                                    ---------------------   ------------------- -------------------
Net cash used in operating activities                                        (1,700,893)             (699,829)           (433,836)
                                                                    ---------------------   ------------------- -------------------
Cash Flows From Investing Activities
       Purchase of property and equipment                                       (10,284)              (10,284)                   -
       Purchase of intangibles                                                  (20,000)                     -                   -
       Purchase/capitalization of patent costs                                  (22,628)              (22,628)                   -
       Decrease (Increase) in notes receivable                                  (10,000)                 5,000                   -
                                                                    ---------------------   ------------------- -------------------
Net cash used in investing activities                                           (62,912)              (27,912)                   -
                                                                    ---------------------   ------------------- -------------------
Cash Flows From Financing Activities
       Proceeds from issuance of common stock                                  1,528,614               440,600             285,000
       Proceeds from exercise of stock options                                   232,059                     -                   -
       Proceeds from issuance of stock options                                    15,000                     -              15,000
       Proceeds from common stock subscriptions                                  154,167               154,167                   -
       Stock issuance costs                                                     (30,025)                     -                   -
                                                                    ---------------------   ------------------- -------------------
Net cash provided by financing activities                                      1,899,815               594,767             300,000
                                                                    ---------------------   ------------------- -------------------
Net Increase in Cash                                                             136,010             (132,974)           (133,836)
Cash, Beginning of Period                                                              -               268,984             656,803
                                                                    ---------------------   ------------------- -------------------
Cash, End of Period                                                          $   136,010           $   136,010         $   522,967
                                                                    =====================   =================== ===================
Supplemental Disclosure of Non-Cash Financing
       Common stock and stock options issued for purchase
            of intangibles                                                   $   738,000             $       -           $       -
                                                                    =====================   =================== ===================
       Common stock subscriptions for receivable                             $    84,583           $    84,583           $       -
                                                                    =====================   =================== ===================



</TABLE>
         (See Accompanying Notes to Consolidated Financial Statements)
<PAGE>


                  LASERLOCK TECHNOLOGIES, INC. AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                   (Unaudited)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     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 1-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 three and nine months  ended  September  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.

     Reclassifications

     Certain  reclassifications  have been made to the  prior  period  financial
     statements to conform to the presentation in the current period's financial
     statements.

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 - PATENTS

     The  Company  has one  approved  patent  and  additional  patents  pending.
     Accordingly,  costs  associated with the registration of these patents have
     been  capitalized and will be amortized on a  straight-line  basis over the
     estimated lives of the patent (17 years).  Amortization expense for patents
     for the nine months ended September 30, 2002 totaled $637.


NOTE 4 - ISSUANCE OF COMMON STOCK

     The  Company  sold  1,376,875  shares of its common  stock  during the nine
     months ended September 30, 2002 with proceeds received  totaling  $440,600.
     In addition,  the Company issued common stock  subscriptions  for 1,910,000
     shares of its  common  stock at a price of $.125 per  share,  amounting  to
     $238,750.  As of September  30, 2002,  proceeds of $154,167  towards  those
     stock  subscriptions were received with the balance,  $84,583,  received in
     October,  2002,  subsequent to the balance sheet date.  Accordingly,  these
     shares are classified as common stock - subscribed,  and the related common
     stock  subscriptions  receivable  is  classified  as  a  current  asset  at
     September 30, 2002.



<PAGE>


                  LASERLOCK TECHNOLOGIES, INC. AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                   (Unaudited)


NOTE 5 - 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.


NOTE 6 - 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 years 2019 through 2021.

     The  components  of the  Company's  deferred  tax  assets  are as  follows:
     September 30, 2002 December 31, 2001

     Deferred tax asset for NOL carryforwards$    654,300    $    452,000
     Deferred tax liability for intangibles    (  205,600)     (  305,000)
     Valuation allowance                       (  448,700)     (  147,000)
                                               ------------    -------------
                                             $        -      $        -
                                              =============   ===============

NOTE 7 - RELATED PARTIES

     The Company had certain  transactions with a company whose shareholders are
     also  shareholders in Laserlock  Technologies,  Inc. Payments were made for
     compensatory  and overhead  expenses  related to the maintaining of a sales
     and marketing  office in Los Angeles,  California.  These payments  totaled
     $23,522 and $170,022  for the three months and nine months ended  September
     30, 2002, respectively.


NOTE 8 - SUBSEQUENT EVENTS

     As  an  incentive  to  raise   additional   capital  in  the  common  stock
     subscription  during the current period,  1,000,000 shares of common stock,
     of  the  2,000,000  shares  previously  issued  in the  acquisition  of EDS
     Marketing,  Inc., was returned to the Company in November 2002.  During the
     fourth  quarter of 2002 the value of the  returned  shares  will reduce the
     purchase  price  and,  accordingly,  the  value  of the  intangible  assets
     recorded in the acquisition of the EDS Marketing,  Inc.,  which occurred in
     December 2001.

<PAGE>

Item 2. Management Discussion and Analysis of Plan of Operation

Three and Nine Months  Ending  September 30, 2002 Compared to the Three and Nine
Months September 30, 2001

The Company had sales and royalties of $13,042 and $99,035, respectively for the
three and nine month periods ended  September 30, 2002 as opposed to no sales or
royalties  for the three and nine month periods  ended  September 30, 2001.  The
Company is currently seeking to increase its revenues by utilizing the rights it
has to sell advertising  space on the back of cashless gaming coupons  currently
being used by U.S. casinos. The Company's royalties for the three and nine month
periods ended September 30, 2002 ($13`042 and $85,542, respectively) are derived
from a non-exclusive worldwide contract with The Bud Jones Company and Bourgogne
et Grasset which provides for guaranteed minimum annual royalties offset against
a specific royalty per chip and per pair of dice. We have started to deliver our
laser and ink combination  products in commercial  production and are soliciting
orders for our  products.  Our failure to  significantly  increase  our revenues
could have  material  adverse  affects on our  business  and on the value of the
Company.

The Company's  net loss from  operations  increased  22.5% from $164,469 for the
three months  ending  September 30, 2001 to $201,569 for the three months ending
September 30, 2002, and 22.5% from $790,847 for the nine months ending September
30, 2002 to $992,726 for the nine months ending September 30, 2002.

For the three month period ending September 30, 2002, the increase was primarily
caused by: an increase in general and  administrative  costs associated with our
purchase  of EDS  Marketing,  Inc.,  which rose from  $8,852 for the three month
period  ended  September  30, 2001 to $30,173 for the three month  period  ended
September 30, 2002, and an increase in sales and marketing expenses from $64,031
for the three month  period ended  September  30, 2001 to $168,396 for the three
month period ended  September 30, 2002.  These  increased  costs were  partially
offset by a decrease in funds expended on research and development  from $57,403
for the three month  period  ended  September  30, 2001 to $34,312 for the three
month period ended September 30, 2002, a credit resulting from a previous period
over-accrual of legal and accounting of $11,199 for the three month period ended
September  30, 2002 as opposed to costs of $30,694  for the three  month  period
ended  September 30, 2001,  and a decrease in patent costs which were $3,489 for
the three month  period  ended  September  30, 2001 but which we had a credit of
$7,071 for the three month period ended  September  30, 2002,  representing  the
capitalization of previously expensed patent costs.

For the nine month period ending  September 30, 2002, the increase was primarily
caused by: an increases in sales and marketing  from $201,833 for the nine month
period  ended  September  30, 2001 to $523,303  for the nine month  period ended
September  30, 2002,  and an increase in general and  administrative  costs from
$375,684 for the nine month period ended  September 30, 2001 to $398,109 for the
nine month period ended September 30, 2002. These increased costs were partially
offset by a decrease in funds expended on research and development from $125,991
for the nine month  period  ended  September  30, 2001 to $106,596  for the nine
month period ended  September 30, 2002; a decrease in legal and accounting  from
$83,850 for the nine month  period ended  September  30, 2001 to $63,753 for the
nine month period ended  September 30, 2001; and decreases in patent costs which
fell from $3,489 for the nine month  period ended  September  30, 2001 to $0 for
the nine month period ended September 30, 2002;

Other  income for the  Three-month  period  totaled  $80, and for the nine month
period was $1,524.  This income was  interest  received  on the  Company's  cash
reserves.

Liquidity and Capital Resources

For the period  ended  September  30,  2002,  the  Company  was able to meet its
financial  needs by  utilizing  $132,974  of its cash  reserves,  and by raising
$594,767  through the issuance of common  stock and common stock  subscriptions.
The  Company's  cash  reserves  decreased  from $268,984 at the beginning of the
period to $136,010 at the end of the period.  As indicated in the Company's most
recent 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 we believe that we have  successfully  lowered our  operational
costs by  approximately  $50,000  per month  through  the  lowering  of the sums
expended in our EDS division,  and we intend to meet our capital requirements by
continuing to utilize cash reserves and by raising  additional  capital  through
the issuance of common  stock,  if needed.  Between  September  30, 2002 and the
current date, we have raised an  additional  $84,583  through the sale of common
stock. As we complete the development and  commercialization of products,  sales
are expected to be  generated.  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.

Subsequent Events

As an incentive  to raise  additional  capital in the common stock  subscription
during the current  period,  1,000,000  shares of common stock, of the 2,000,000
shares previously issued in the acquisition of EDS Marketing, Inc., was returned
to the Company in November 2002. Each of the following:  Ed Fishman , Doug Wise,
Howard Goldberg, and Steven Meistrich, cancelled 250,000 shares of the Company's
common stock which they held. During the fourth quarter of 2002 the value of the
returned  shares will reduce the purchase price and,  accordingly,  the value of
the intangible  assets recorded in the  acquisition of the EDS Marketing,  Inc.,
which occurred in December 2001.



<PAGE>



                           PART II - OTHER INFORMATION




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:  November 14,  2002              By: /s/ Norman Gardner
                                          ---------------------------
                                          Norman Gardner
                                          President  and  CEO