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  March 31,  2003

[ ]     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 March 31, 2003
 -----                                 ----------------------------

Common  Stock,  no  par  value                  19,334,742

<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  March 31, 2003

                  Unaudited   Consolidated Statement  of  Operations
                    for  the  three  months  ended
                        March 31, 2003  and  2002

                  Unaudited    Consolidated Statement  of  Stockholders Equity
                   for  the three  months  ended    March 31, 2003

                  Unaudited   Consolidated Statement  of  Cash  Flow  for  the
                    three  months  ended      March 31, 2003  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. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                           CONSOLIDATED BALANCE SHEETS




                                                                                         March 31,           December 31,
                                                                                           2003                  2002
                                                                                    --------------------  --------------------
                                                                                        (Unaudited)            (Audited)
             ASSETS
Current Assets
<S>                                                                                 <C>                   <C>
      Cash and cash equivalents                                                             $    20,587           $   122,593
      Receivables                                                                                24,671                27,358
      Prepaid expenses                                                                            7,500                11,250
                                                                                    --------------------  --------------------
                     Total Current Assets                                                        52,758               161,201
                                                                                    --------------------  --------------------

Property and Equipment
      Capital equipment                                                                           9,445                 9,445
      Less accumulated depreciation                                                               2,645                 1,889
                                                                                    --------------------  --------------------
                                                                                                  6,800                 7,556
                                                                                    --------------------  --------------------

Other Assets
      Intangible assets, net of accumulated amortization of $143,037
           as of March 31, 2003 and $114,383 as of December 31, 2002                             85,963               114,617
      Patent costs, net of accumulated amortization of $1,447 as of
           March 31, 2003 and $1,022 as of December 31, 2002                                     27,450                23,376
                                                                                    --------------------  --------------------
                                                                                                113,413               137,993
                                                                                    --------------------  --------------------
      Total Assets                                                                          $   172,971           $   306,750
                                                                                    ====================  ====================


                          LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
      Accounts payable and accrued expenses                                                 $    21,971           $    36,736
                                                                                    --------------------  --------------------
                     Total Current Liabilities                                                   21,971                36,736
                                                                                    --------------------  --------------------


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,
           19,334,742 shares outstanding                                                         19,335                19,335
      Additional paid-in capital                                                              2,920,673             2,920,673
      Deficit accumulated during the development stage                                      (2,789,008)           (2,669,994)
                                                                                    --------------------  --------------------
                     Total Stockholders' Equity                                                 151,000               270,014
                                                                                    --------------------  --------------------

      Total Liabilities and Stockholders' Equity                                            $   172,971           $   306,750
                                                                                    ====================  ====================




           The accompanying notes are an integral part of these consolidated financial statements

</TABLE>
<PAGE>
<TABLE>
<CAPTION>




                  LASERLOCK TECHNOLOGIES, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
               FOR THE THREE MONTHS ENDED MARCH 31, 2003 AND 2002
     AND THE PERIOD NOVEMBER 10, 1999 (DATE OF INCEPTION) TO MARCH 31, 2003
                                   (UNAUDITED)

                                                             Three Months          Three Months
                                      Cumulative                Ended                 Ended
                                        Since                 March 31,             March 31,
                                      Inception                  2003                  2002
                                  ----------------------- -------------------   -------------------
REVENUES
<S>                                     <C>                     <C>                 <C>
      Sales                             $         55,347      $        9,230        $        9,475
      Royalties                                  106,749              14,764                66,250
                                  ----------------------- -------------------   -------------------
           Total revenues                        162,096              23,994                75,725

COSTS AND EXPENSES
      Research and development                   388,450              12,572                32,327
      Patent costs                                50,989                   -                 4,071
      Legal and accounting                       261,433               9,900                33,158
      Sales and marketing                      1,406,395              48,059               187,184
      General and administrative               1,055,090              72,520               178,651
                                  ----------------------- -------------------   -------------------
           Total costs and expense             3,162,357             143,051               435,391
                                  ----------------------- -------------------   -------------------

LOSS BEFORE OTHER INCOME                     (3,000,261)           (119,057)             (359,666)

OTHER INCOME
      Interest income                             46,253                  43                   757
                                  ----------------------- -------------------   -------------------

LOSS BEFORE INCOME TAX BENEFIT               (2,954,008)           (119,014)             (358,909)

INCOME TAX BENEFIT                               165,000                   -                     -
                                  ----------------------- -------------------   -------------------

NET LOSS                             $       (2,789,008)    $      (119,014)      $      (358,909)
                                  ======================= ===================   ===================

BASIC AND DILUTED WEIGHTED AVERAGE
      COMMON SHARES OUTSTANDING                                   19,334,742            17,111,926
                                                          ===================   ===================

BASIC AND DILUTED NET LOSS PER
      COMMON SHARE                                           $        (0.01)       $        (0.02)
                                                          ===================   ===================




           The accompanying notes are an integral part of these consolidated financial statements

</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                  LASERLOCK TECHNOLOGIES, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
           CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
     FOR THE PERIOD NOVEMBER 10, 1999 (DATE OF INCEPTION) TO MARCH 31, 2003

                                                                                                               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 initial 4,278,000 shares 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                          3,376,875   3,377           -       687,223            -     690,600
Fair value of non-employee stock options                            -       -           -        94,000            -      94,000
Salary due to shareholder contributed to capital                    -       -           -        15,000            -      15,000
Return of shares of common stock related to purchase price
  adjustment                                               (1,000,000) (1,000)          -     (353,000)                (354,000)
Net loss                                                            -       -           -             -   (1,195,753) 1,195,753)
                                                           ----------- -------  ----------  ------------  ----------- -----------

Balance, December 31, 2002 (Audited)                       19,334,742  19,335           -     2,920,673   (2,669,994)    270,014
Net loss for the three months ended March 31, 2003                                                         (119,014)   (119,014)
                                                           ----------- -------  ----------  ------------  ----------- -----------

Balance, March 31, 2003 (Unaudited)                        19,334,742  $19,335   $      -    $2,920,673   $(2,789,008) $ 151,000
                                                           =========== =======  ==========  ============  =========== ===========



           The accompanying notes are an integral part of these consolidated financial statements

</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                          LASERLOCK TECHNOLOGIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
               FOR THE THREE MONTHS ENDED MARCH 31, 2003 AND 2002
     AND THE PERIOD NOVEMEBR 10, 1999 (DATE OF INCEPTION) TO MARCH 31, 2003
                                   (Unaudited)

                                                                                         Three Months           Three Months
                                                                   Cumulative               Ended                  Ended
                                                                      Since               March 31,              March 31,
                                                                    Inception                2003                   2002
                                                                   ----------------- --------------------- -----------------------
Cash Flows From Operating Activities
<S>                                                                 <C>                 <C>                     <C>
       Net Income                                                   $   (2,789,008)        $    (119,014)          $    (358,909)
       Adjustments to reconcile net loss to net cash flows
          useded by operating activities
             Fair value of options issued in exchange for services          467,600                     -                  37,100
             Amortization and depreciation                                  322,129                29,835                  79,833
             Stock issued in exchange for services                           36,960                     -                       -
             Amortization of deferred consulting fees                        40,800                     -                       -
             Salary due to shareholder contributed to capital                15,000                     -                       -
             (Increase) decrease in assets
                   Receivables                                             (24,671)                 2,687                     876
                   Prepaid expenses                                         (7,500)                 3,750                   2,912
             Increase (decrease) in liabilities                                                                          (11,660)
                   Accounts payable and accrued expenses                     21,971              (14,765)                (20,000)
                                                                   ----------------- --------------------- -----------------------
Net cash used in operating activities                                   (1,916,719)              (97,507)               (269,848)
                                                                   ----------------- --------------------- -----------------------

Cash Flows From Investing Activities
       Purchase of property and equipment                                   (9,445)                     -                       -
       Purchase of intangibles                                             (20,000)                     -                       -
       Purchase/capitalization of patent costs                             (28,897)               (4,499)                       -
       Decrease (Increase) in notes receivable                                    -                     -                (10,000)
                                                                   ----------------- --------------------- -----------------------
Net cash used in investing activities                                      (58,342)               (4,499)                (10,000)
                                                                   ----------------- --------------------- -----------------------

Cash Flows From Financing Activities
       Proceeds from issuance of common stock                             1,778,614                     -                 390,599
       Proceeds from exercise of stock options                              232,059                     -                       -
       Proceeds from issuance of stock options                               15,000                     -                       -
       Stock issuance costs                                                (30,025)                     -                       -
                                                                   ----------------- --------------------- -----------------------
Net cash provided by financing activities                                 1,995,648                     -                 390,599
                                                                   ----------------- --------------------- -----------------------
Net (Decrease) Increase in Cash                                              20,587             (102,006)                 110,751
Cash, Beginning of Period                                                         -               122,593                 268,984
                                                                   ----------------- --------------------- -----------------------
Cash, End of Period                                                   $      20,587         $      20,587           $     379,735
                                                                   ================= ===================== =======================

Supplemental Disclosure of Non-Cash Financing
       Return of shares of common stock related to purchase
         price adjustment
          Common stock                                               $      (1,000)           $         -             $         -
          Additional paid-in capital                                      (353,000)                     -                       -
                                                                   ----------------- --------------------- -----------------------
          Intangible assets                                          $    (354,000)           $         -             $         -
                                                                   ================= ===================== =======================
       Issuance of common stock and stock options
          for acquisition of subsidiary                               $     738,000           $         -             $         -
                                                                   ================= ===================== =======================
       Common stock issued for services                               $      77,760           $         -             $         -
                                                                   ================= ===================== =======================



           The accompanying notes are an integral part of these consolidated financial statements
</TABLE>
<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 10QSB
          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 months ended March 31, 2003
          are not necessarily indicative of the results that may be expected for
          the year ended December 31, 2003. 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, 2002.

          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.


<PAGE>


                  LASERLOCK TECHNOLOGIES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)



NOTE 3 -  INCOME TAXES

          There is no income tax  benefit  for the  losses for the three  months
          ended March 31, 2003 and 2002 since management has determined that the
          realization  of the net  deferred  tax  asset is not  assured  and has
          created a valuation allowance for the entire amount of such benefits.

NOTE 4 -  RELATED PARTIES

          The  Company  maintains  its office at the home of its  President.  No
          formal lease exists and there was no rent expense incurred.


NOTE 5 -  SUBSEQUENT EVENTS

          On May 2,  2003  the  Company  entered  into a loan  agreement  with a
          corporation to borrow  $55,000.  The note is payable on the earlier of
          July 2,  2003 or upon  the  closing  of any debt or  equity  financing
          entered into by the Company. Interest on the note accrues at a rate of
          10% per annum.  As  compensation  for arranging  this loan the Company
          issued to a corporation 143,000 shares of its common stock with a fair
          value of approximately $24,000.








<PAGE>


Item 2. Management Discussion and Analysis of Plan of Operation

Three Months Ending March 31, 2003 Compared
to the Three Months Ending March 31, 2002

The Company  had sales of $9,230 and  royalties  of $14,764 for the  three-month
period  ending  March 31, 2003 and sales of $9,475 and  royalties of $66,250 for
the  three-month  periods ending March 31, 2002. The reason for the lower amount
of  royalties  for the three  month  period  ended  March  31,  2003 is that the
royalties  from the three  month  period  ended  March  31,  2002  includes  the
Company's  recording  of revenue of $60,000 in the period  ending March 31, 2002
from a research  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 is attempting to
negotiate  several  others  which  are  needed  in order to  increase  sales and
royalties.  The Company is in immediate  need of additional  capital,  and if it
does not increase its sales and royalties it will have a material adverse affect
on the operations of the Company.  We have been granted one patent in the United
States and have  applied  for three additional patents  for our  technology  for
technologies  which  may be used as  part of an  anti-counterfeiting  protection
process. We are attempting to solicit orders for our products.

The Company's  net loss  decreased 66% from $358,909 for the three months ending
March 31, 2002 to $119,014  for the three  months  ending  March 31,  2003.  The
decrease was primarily caused by a decrease in general and administrative  costs
which totaled  $178,651 in the three months ending March 31, 2002, as opposed to
$72,520 in the three  months  ending  March 31,  2003,  a decrease  in sales and
marketing  costs from  $187,184 in the three months  ending  March 31, 2002,  as
opposed to $48,059 in the three  months  ending  March 31,  2003,  a decrease in
legal and  accounting  costs from $33,158 in the three  months  ending March 31,
2002,  as opposed to $9,900 in the three months  ending  March 31,  2003,  and a
decrease in research  and  development  costs from  $32,327 in the three  months
ending  March 31, 2002,  as opposed to $12,572 in the three months  ending March
31, 2003. The decrease in these expenses was the result of the Company's cutting
of costs in an attempt to  conserve  its cash,  and of costs  eliminated  by the
closing of the  Company's  California  office,  acquired in its  purchase of EDS
MArketing,  Inc.  Even with  these  lower  operating  costs,  the  Company is in
immediate  need of a capital  influx,  and should the Company be unable to raise
additional  capital  it could have a material  adverse  affect on the  Company's
operations.

Other income for the Three-month period totaled $43. This income was interest
received on the Company's cash reserves.

Liquidity and Capital Resources

During  the  first  three  months  of  2003,  the  Company  was able to meet its
financial  needs by continuing to utilize its cash reserves.  The Company's cash
reserves  decreased  from  $122,593 at the beginning of the period to $20,587 at
the end of the period,  as opposed to an increase  from $268,984 to $379,735 for
the same period in 2002.  On May 2,  2003  the  Company  entered   into a  loan
agreement  with a corporation whereby the  Company borrowed  $55,000.   The note
is payable on the earlier of July 2,  2003 or upon  the  closing  of any debt or
equity  financing entered into by the Company. Interest on the note accrues at a
rate of 10% per annum.  As  compensation  for arranging  this loan the Company
issued to a corporation 143,000 shares of its common stock with a fair value of
approximately $24,000.


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,  and  attempting  to raise new capital.  As the Company  completes the
development  and  commercialization  of its  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.




<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
        --------

None

(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:   May 13,  2002              By: /s/
                                          ---------------------------
                                          Norman Gardner
                                          President  and  CEO



<PAGE>