UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB
                                   -----------
|X|      QUARTERLY  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

                For the Quarterly Period Ended December 31, 2003

                                       or

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

                        Commission File Number 000-29719

                           QUINTEK TECHNOLOGIES, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

     State of California                                      77-0505346
-------------------------------                          ---------------------
 (State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                            Identification No.)

                         537 Constitution Ave., Suite B
                           Camarillo, California 93012
                     ---------------------------------------
                     (Address of principal executive office)

                   Registrant's telephone number: 805-383-3914

Check whether the registrant  (1) has filed all reports  required to be filed by
Section 13 or 15(d) of the Securities  Exchange Act of 1934 during the preceding
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 [ ]

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Rule 12b-2 of the Act).    Yes [ ]   No [X]

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS
 Check whether the registrant has filed all documents and reports required to be
filed by Section 12,13,  or 15(d) of the  Securities  Exchange Act of 1934 after
the distribution of securities under a plan confirmed by a court.

                                 Yes [ ]   No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS
On February 19, 2004 a total of  48,749,994  shares of the  registrant's  common
stock were issued and outstanding.
 Transitional  Small  Business  Disclosure
Format:                                  Yes [ ]   No [X]

                                       1
<PAGE>

                                TABLE OF CONTENTS

PART I           FINANCIAL INFORMATION
Item 1.          Financial Statements
                    Balance Sheets
                    Statement of Operations
                    Statements of Cashflows
                    Notes to Financial Statements
Item 2.          Management's Discussion and Analysis
Item 3.          Disclosure Controls and Procedures

PART II          OTHER INFORMATION
Item 1.          Legal Proceedings
Item 2.          Changes in Securities
Item 3.          Defaults Upon Senior Securities
Item 4.          Submission of Matters to a Vote of Security Holders
Item 5.          Other Information
Item 6.          Exhibits and Reports on Form 8-K
Signatures
Exhibit 31.1
Exhibit 31.2
Exhibit 32.1
Exhibit 32.2


                                       2
<PAGE>



                                      Index

PART I       FINANCIAL INFORMATION                                         4
Item 1       Financial Statements                                          4
Item 2       Management's Discussion and Analysis                         16
Item 3       Disclosure Controls and Procedures                           16

PART II      OTHER INFORMATION                                            17
Item 1       Legal Proceedings                                            17
Item 2       Changes in Securities                                        17
Item 3       Defaults Upon Senior Securities                              17
Item 4       Submission of Matters to a Vote of Security Holders          17
Item 5       Other Information                                            17
Item 6       Exhibits and Reports on Form 8-K                             18
Signatures
Exhibits                                                                  19


                                       3
<PAGE>


                           QUINTEK TECHNOLOGIES, INC.

                       BALANCE SHEETS AT DECEMBER 31, 2003

                                AND JUNE 30, 2003


                                                       December 31,
                                                           2003      June 30,
                      A S S E T S                      Unaudited       2003
                      -----------                      ----------   --------


Current assets:
   Cash                                                    2,649      21,162
   Accounts receivable (net of allowance for doubtful
     accounts of $18,445 and $26,498)                     21,424      73,118
   Inventory                                              11,469       4,371
   Other                                                   4,774       8,617
                                                        --------    --------
       Total current assets                               40,316     107,268

Property and equipment, at cost:

   Equipment                                             102,881     102,881
   Computer and office equipment                         106,881      93,297
   Furniture and fixtures                                 33,518      33,518
                                                        --------    --------
                                                         243,280     229,696
   Less-accumulated depreciation                        (212,931)   (206,687)
                                                        --------    --------
       Net fixed assets                                   30,349      23,009

Other assets:
   Deposits                                                2,395       2,395
   Intangible assets (net of accumulated amortization
     of $104,108 and $87,100)                             31,965      48,973
   Investments                                            28,762      28,762
   Employee receivables, net                               5,727       3,599
                                                        --------    --------
       Total other assets                                 68,849      83,729
                                                        --------    --------

Total assets                                             139,514     214,006
                                                        ========    ========



     The accompanying notes are an integral part of the financial statements



                                       4
<PAGE>

                                                     December 31,
                                                         2003           June 30,
   LIABILITIES AND STOCKHOLDERS' (DEFICIT)            Unaudited           2003
   ---------------------------------------            ---------         --------

Current liabilities:
   Accounts payable                                      210,737        200,315
   Factoring payable                                      20,000        146,890
   Payroll and payroll taxes payable                     226,796        136,115
   Payroll taxes assumed in merger                       107,950        123,272
   Accrued expenses                                      103,469        116,609
   Notes payable-stockholders                            132,300         32,300
   Current portion of long-term debt                      16,287         12,330
   Other liabilities                                      29,176         29,135
   Convertible bonds                                     162,495        151,695
   Unearned revenue                                      131,959         41,034
   Liabilities in process of conversion to stock         470,629        468,669
                                                     -----------    -----------
       Total current liabilities                       1,611,798      1,458,364

Long-term debt, net of current portion                    40,122         24,659
                                                     -----------    -----------

       Total liabilities                               1,651,920      1,483,023

COMMITMENTS AND CONTINGENCIES                               --             --

Stockholders' (deficit):
   Common stock-$0.01 par value, 50,000,000 shares
     authorized, 48,749,995 and 46,762,008 issued
     and outstanding                                     487,500        467,620
   Additional paid-in capital                         20,430,108     20,326,780
   Retained (deficit)                                (22,429,131)   (22,062,534)
                                                     -----------    -----------
                                                      (1,511,523)    (1,268,134)
   Less-subscriptions receivable                            (883)          (883)
                                                     -----------    -----------
       Total stockholders' (deficit)                  (1,512,406)    (1,269,017)
                                                     -----------    -----------

Total liabilities and stockholders' (deficit)            139,514        214,006
                                                     ===========    ===========



     The accompanying notes are an integral part of the financial statements



                                       5
<PAGE>



                           QUINTEK TECHNOLOGIES, INC.

          STATEMENTS OF OPERATIONS FOR THE THREE MONTHS AND SIX MONTHS

                        ENDED DECEMBER 31, 2003 AND 2002

                                   Three Months Ended       Six Months Ended
                                       December 31              December 31
                                  --------------------    --------------------
                                       (Unaudited)              (Unaudited)

                                    2003        2002        2003        2002
                                  --------    --------    --------    --------

Sales                               77,248      72,221     185,425     222,611

Cost of sales                       60,673      43,044     113,583     112,953
                                  --------    --------    --------    --------

Gross margin                        16,575      29,177      71,842     109,658


Operating expenses:
   Selling, general and
     administrative                246,560     112,796     412,458     231,632
   Stock-based compensation
     for services                   15,000      61,680      15,000      72,013
                                  --------    --------    --------    --------
       Total operating expenses    261,560     174,476     427,458     303,645
                                  --------    --------    --------    --------

Loss from operations              (244,985)   (145,299)   (355,616)   (193,987)

Other income (expenses):
   Other income                      2,864      14,138       5,846      34,017
   Interest expense                (10,768)     (3,907)    (16,828)    (23,846)
                                  --------    --------    --------    --------
       Total other income
         (expenses)                 (7,904)     10,231     (10,982)     10,171
                                  --------    --------    --------    --------

Net (loss) before income taxes    (252,889)   (135,068)   (366,598)   (183,816)


Provision for income taxes            --          --          --          --
                                  --------    --------    --------    --------

Net (loss)                        (252,889)   (135,068)   (366,598)   (183,816)
                                  ========    ========    ========    ========


Net loss per share:
   Basic and diluted              ($  0.01)   ($  0.00)   ($  0.01)   ($  0.00)


     The accompanying notes are an integral part of the financial statements


                                       6
<PAGE>


                           QUINTEK TECHNOLOGIES, INC.

                   STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS

                        ENDED DECEMBER 31, 2003 AND 2002


                                                              (Unaudited)
                                                              December 31,
                                                           2003        2002
                                                         --------    --------
Cash flows from operating activities:
   Net (loss)                                            (366,598)   (183,816)
   Adjustments to reconcile net (loss) to net cash
     (used) by operating activities:
       Depreciation and amortization                       23,252      18,148
       Stock-based compensation for services               15,000      72,013
       Changes in current assets and liabilities:
         (Increase) decrease in accounts receivable        51,694     (89,448)
         (Increase) decrease in inventory                  (7,098)     27,004
         Decrease in other current assets                   3,843       2,038
         Increase (decrease) in accounts payable           10,422     (32,421)
         Increase in payroll payables                      75,359     115,371
         Increase (decrease) in other liabilities
           and accrued expenses                            78,995     (29,640)
                                                         --------    --------
           Total adjustments                              251,467      83,065
                                                         --------    --------
           Net cash (used) by operating activities       (115,131)   (100,751)

Cash flows from investing activities:
   Purchase of fixed assets                               (13,585)     (4,000)
   Decrease in other assets                                  --         4,000
   (Increase) in employer receivables                      (2,127)    (10,215)
                                                         --------    --------
           Net cash (used) by investing activities        (15,712)    (10,215)

Cash flows from financing activities:
   Factoring payable                                     (126,890)       --
   Notes payable-stockholders                             100,000      73,000
   Convertible bonds                                       10,800       5,937
   Proceeds from common stock                             109,000      30,200
   Notes payable                                           19,420        --
                                                         --------    --------
           Net cash provided by financing activities      112,330     109,137
                                                         --------    --------

Net (decrease) in cash                                    (18,513)     (1,829)
                                                                     --------

Cash-beginning of period                                   21,162       2,602
                                                         --------    --------

Cash-end of period                                          2,649         773
                                                         ========    ========

     The accompanying notes are an integral part of the financial statements


                                       7
<PAGE>

                           QUINTEK TECHNOLOGIES, INC.

                        NOTES TO THE FINANCIAL STATEMENTS

                             AS OF DECEMBER 31, 2003
                                   (Unaudited)


1.     Basis of Presentation
       In the  opinion  of  management,  the  accompanying  unaudited  financial
       statements  of Quintek  Technologies,  Inc. (the  "Company")  include all
       adjustments  (consisting only of normal recurring adjustments) considered
       necessary  to present  fairly its  financial  position as of December 31,
       2003,  the results of operations  for the three months ended December 31,
       2003 and 2002,  and cash flows for the three  months  ended  December 31,
       2003 and 2002.  The  results of  operations  for the three  months  ended
       December 31, 2003 and 2002, are not necessarily indicative of the results
       to be  expected  for  the  full  year  or  for  any  future  period.  The
       information  included in this Form 10-QSB  should be read in  conjunction
       with  Management's  Discussion and Analysis and financial  statements and
       notes thereto included in the Company's 2003 Form 10-KSB.

2.     Summary of Significant Accounting Policies

       a)    Nature of Business
             The Company was originally incorporated under the laws of the State
             of California on April 16, 1993,  as Quintek  Electronics,  Inc. On
             January 14,  1999,  the  Company  merged  with  Pacific  Diagnostic
             Technologies,  Inc. in a business  combination  accounted  for as a
             purchase.   The   acquisition   took   place   under   a  plan   of
             reorganization.  Quintek  Electronics,  Inc.  ("QEI") became public
             when it was  acquired  by  Pacific  Diagnostic  Technologies,  Inc.
             ("PDX")   through  a  reverse   merger  and   Chapter  11  Plan  of
             Reorganization. Under the plan, all assets of QEI were sold to PDX,
             all PDX management resigned once the Plan was confirmed,  and QEI's
             management  and  operating  plan were adopted by the new  operating
             entity. Shortly after the confirmation of the plan, the name of the
             reorganized  debtor  was  changed  to  Quintek  Technologies,  Inc.
             ("QTI"). QTI assumed the assets, liabilities, technology and public
             position of both QEI and PDX. At the time of the merger,  PDX was a
             nonoperating  public entity and QTI has no intention of carrying on
             the former operations of PDX.

             The plan was  structured  to  compensate  all related  parties with
             common stock and units.  Each unit consisted of one share of common
             stock,  one  Class A  warrant,  one  Class B  warrant,  one Class C
             warrant  and  one  Class  D  warrant.  PDX  shareholders   received
             unrestricted  units at a ratio of one QTI unit for 25 shares of PDX
             stock,  resulting in a distribution of 310,535 units. PDX creditors
             received  unrestricted  QTI units at a ratio of one QTI unit for $3
             of previous PDX debt,  resulting in a net  distribution  of 885,549
             units.   Chapter  11   administrators   and  consultants   received
             approximately  610,000 unrestricted QTI shares,  attorneys received
             220,000  unrestricted  units  and  market-makers  received  200,000
             unrestricted units. QEI shareholders  received 11,096,167 shares of
             restricted common stock.

                                       8
<PAGE>

             On February 24, 2000, the Company  acquired all of the  outstanding
             common stock of Juniper Acquisition  Corporation  ("Juniper").  For
             accounting  purposes,   the  acquisition  has  been  treated  as  a
             capitalization  of the  Company  with the  Company as the  acquirer
             (reverse acquisition). The historical financial statements prior to
             February 24, 2000 are those of the Company.

2.     Summary of Significant Accounting Policies   (Continued)

             The Company was  established for the primary purpose of developing,
             manufacturing,  and  distributing  the 4300  Aperture  Card Imaging
             System technologies,  used for recording digital images on aperture
             card  media  ("the  4300   system").   Aperture  cards  are  small,
             rectangular cards each of which contains a 35mm strip of microfilm,
             which is used for storing  visual  information.  The 4300 system is
             intended to eliminate  the problems of  conventional  aperture card
             manufacturing by producing aperture card media with a chemical free
             process.   The  chemistry  and  fumes  involved  with  conventional
             photographic  film  development  may be  hazardous  and  the  waste
             material  resulting  from the  chemical  process may be  considered
             hazardous  material.  The  Company's  4300  system  does  not use a
             chemical process and does not produce any hazardous material.

       b)    Basis of Accounting
             The Company  reports on the accrual  basis of  accounting  for both
             financial  statement and income tax purposes.  Revenue from product
             sales is  recognized  upon  shipment of the  product.  Revenue from
             services  is  recognized  as the  service  is  provided  using  the
             straight-line  method  over the  life of the  contract.  A  related
             liability is recorded for the unearned  portion of service  revenue
             received.

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

       d)    Major Customers
             The Company had one customer that accounted for 54% of revenue. For
             the six months ended December 31, 2003, revenues from the Company's
             major  customer   amounted  to  approximately   $58,500.   Accounts
             receivable  from this  major  customer  was  approximately  $-0- at
             December 31, 2003.

       e)    Major Suppliers
             There are currently only two known suppliers of aperture cards that
             use dry silver film. A continued  supply of aperture  card media is
             crucial  to the  success  of the  Company  because  without  cards,
             customers  have no use for the  Company's  equipment,  services and
             software.

                                       9
<PAGE>

       f)    Accounts Receivable
             The allowance for bad debt is  established  through a provision for
             bad debt  charged to expense.  Receivables  are charged off against
             the allowance when management  believes that the  collectibility of
             the account is unlikely.  Recoveries of amounts  previously charged
             off are credited to the allowance.

       g)    Property, Equipment and Depreciation
             Property  and  equipment  are  recorded  at cost.  Depreciation  of
             property and  equipment  is provided  using the  straight-line  and
             accelerated  methods over the  following  estimated  useful  lives:
             Equipment-5  years,  computers and office  equipment-3-7  years and
             furniture and fixtures-7 years.

             Expenditures  and  maintenance  and  repairs  are  charged  against
             operations  when  incurred.  Major  renewals  and  betterments  are
             capitalized.

       h)    Intangible Assets
             The cost of patents and purchased  proprietary  processes  acquired
             are being  amortized  using the  straight-line  method  over  their
             remaining useful lives of 4 years.

       i)    Payroll Taxes-Assumed in Merger
             The Company  assumed  $205,618 of payroll  tax  liabilities  in the
             merger with Pacific  Diagnostic  Technologies,  Inc. The balance at
             December 31, 2003 is $107,950.

       j)    Research and Development
             Research  and  development  costs are  charged to  operations  when
             incurred and are included in operating expenses. The amount charged
             to  operations  for the six  months  ended  December  31,  2003 was
             $5,022.

       k)    Advertising
             The  Company  expenses  advertising  costs  as they  are  incurred.
             Advertising  expense was $143 for the six months ended December 31,
             2003.

       l)    Income Taxes
             The Company accounts for income taxes using the liability  approach
             to financial  accounting  and  reporting.  Current income taxes are
             based on the year's income taxable for federal and state  reporting
             purposes.

             The  Company  has a deferred  tax asset due to net  operating  loss
             carry forwards and temporary taxable differences due to stock-based
             compensation  for income tax  purposes.  The  deferred tax asset is
             $2,480,092  as of December  31, 2003.  However,  due to the ongoing
             nature of the losses and the potential  inability of the Company to
             ever  realize  the  benefit,   a  valuation   allowance   has  been
             established for 100% of the deferred tax asset.  Net operating loss
             carry forwards expire at various times through the year 2021.

3.     Going Concern
       The  accompanying  financial  statements have been prepared in conformity
       with  generally  accepted   accounting   principles,   which  contemplate
       continuation of the Company as a going concern;  however, the Company has
       sustained   substantial   operating  losses.  In  view  of  this  matter,
       realization of a major portion of the assets in the accompanying  balance


                                       10
<PAGE>

       sheet is dependent  upon  continued  operations of the Company,  which in
       turn is  dependent  upon the  Company's  ability  to meet  its  financing
       requirements, and the success of its future operations.

       The  Company's  management  is unable to determine how long its cash flow
       will sustain its  operations or whether  certain  creditors will initiate
       actions to collect amounts due. Accordingly,  the Company will require an
       additional capital infusion or revenues from additional sales to continue
       operations.  Management  is not  certain if  additional  capital or sales
       proceeds  will  become  available  and  is  considering  other  strategic
       alternatives,  which  may  include  a  merger,  asset  sale,  or  another
       comparable transaction,  or financial  restructuring.  If unsuccessful in
       completing a strategic transaction,  the Company may be required to cease
       operations.



                                       11
<PAGE>

4.     Net Loss Per Share
       Basic  net loss per  share is based on the  weighted  average  number  of
       common shares outstanding of 47,758,001 and 40,455,008, for the six month
       periods  ended  December 31, 2003 and 2002,  respectively.  The basic and
       diluted net loss per share  calculations  are the same because  potential
       dilutive securities would have had an antidilutive or immaterial effect.

5.     Inventory
       Inventory consists of aperture cards,  parts and supplies,  and completed
       machines,  and is  stated  at the  lower  of  cost  or  market.  Cost  is
       determined on a FIFO (first-in, first-out) basis.

       Inventories are as follows:

                                                    12/31/03          6/30/03
                                                   ----------       -----------

             Parts and supplies                       309,113           302,015
             Reserve for obsolescence                (297,644)         (297,644)
                                                  -----------       -----------
                                                       11,469             4,371
                                                  ===========       ===========

6.     Convertible Bonds

             Bonds payable with interest at 9%, due on various
             dates in 2001 and 2002, convertible to shares of
             common stock in increments of $1,000 or more.             121,354

             Bonds payable with interest at 12%, due July 2002,
             convertible to shares of common stock in incre-
             ments of $500 or more.                                     41,141
                                                                     -----------
                                                                       162,495
                                                                     ===========

       Certain of the outstanding  convertible bonds have matured as of December
       31, 2002. The holders of the matured bonds do not wish to renew the bonds
       and have asked for payment;  however,  the Company does not have the cash
       to repay these bonds.

       Bondholders  have  been  asked  to  exchange  their  bonds  for  Series B
       preferred  stock.  As of December  31,  2003,  holders of $198,000 of the
       bonds  including  accrued  interest  had acted on this.  The  $198,000 is
       included in the liability section of the financials under "Liabilities in
       Process of Conversion  to Stock," since the preferred  stock has not been
       issued.

7.     Notes Payable

             Notes payable, due on demand, unsecured,
             with interest at 12% per annum.                     132,300
                                                               ===========

8.     Commitments and Contingencies

       a)    Operating Leases
             The  Company  leases  its  California   office   facility  under  a
             noncancelable  operating  lease that requires  total monthly rental
             payments  of $2,846.  The lease  expired on March 31,  2002 and the
             Company has  exercised the option to extend the lease an additional
             24 months. The lease contains a rental payment escalation clause.

                                       12
<PAGE>

             The Company leases its Idaho office facility under a month-to-month
             rental agreement at $1,384 per month.

             For the six months ended December 31, 2003,  rent expense for these
             operating leases totaled $25,211.

             Minimum future rental  payments under the  noncancelable  operating
             lease is as follows:

                             Year ended June 30, 2004             25,614
                                                                  ======

       b)    Purchase Obligation
             The  Company  has  established  a  licensing  agreement  with  Qtek
             Aperture Card AB. Under the  agreement,  the Company is required to
             purchase  at least 25 of the Q4305 units at  approximately  $18,000
             each before June 30, 2004. As of December 31, 2003, the Company had
             purchased 15 units under the agreement.

       c)    Income Tax Return Filings
             The Company has not filed income tax returns for several years. Due
             to operating  losses,  income tax liability and penalties would not
             be substantial.  However, the State of California could potentially
             revoke the Company's charter if the Company does not become current
             on its income tax return filings.

       d)    Securities and Exchange  Commission  Inquiry On September 17, 2002,
             the  Company was  advised by the staff of the U.S.  Securities  and
             Exchange  Commission  that they will  recommend that the Commission
             file  civil  injunctive   lawsuits  against  the  Company  and  its
             president,  Thomas W. Sims. The suits would allege that the Company
             violated  Section 17(a) of the  Securities Act of 1933 and Sections
             10(b) and 13(a) of the  Securities  Exchange  Act of 1934 and Rules
             10b-5, 13a-1, and 13a-13, based on false and misleading  statements
             in press releases  disseminated  by the Company on October 22, 2001
             and October 25, 2001, regarding the Company's investment in PanaMed
             Corp.  and the press releases  disseminated  on January 8, 2002 and
             March 20,  2002,  and failure to timely  file annual and  quarterly
             reports with the Commission. On March 25, 2003, the Company signed,
             without admitting or denying the allegations, a proposed settlement
             agreement with the U.S. Securities and Exchange  Commission,  which
             permanently restrains and enjoins the Company from engaging in acts
             which  would  constitute  violations  of these  regulations  in the
             future. On August 6, 2003, a final judgment was entered by the U.S.
             District Court, Central District of California, against the Company
             which permanently enjoined the Company from violating Section 10(b)
             of the Exchange Act and Rule 10b-5 promulgated  thereunder by using
             any means or  instrumentality  of  interstate  commerce,  or of the
             mails, or of any national  securities  exchange:  (A) to employ any
             device,  scheme or  artifice  to  defraud;  (B) to make any  untrue
             statement of a material  fact or omitting to state a material  fact
             necessary in order to make the statements made, in the light of the
             circumstances under which they were made, not misleading; or (C) to
             engage in any act,  practice,  or course of business which operates
             or  would  operate  as a  fraud  or  deceit  upon  any  person,  in
             connection with the purchase or sale of any security.  Further, the
             final  judgment  permanently  enjoined the Company  from  violating
             Section  13(a) of the  Exchange  Act and  Rules  13a-1  and  13a-13


                                       13
<PAGE>

             promulgated  thereunder,  by failing to file with the Commission in
             accordance with Commission rules and  regulations,  information and
             documents  required by the  Commission to keep current  information
             and documents  required in or with an application  or  registration
             statement  filed  pursuant  to  Section 12 of the  Exchange  Act or
             annual or quarterly reports as the Commission has prescribed.

       e)    Lawsuit
             On September  19,  2002,  First  Horizon Loan Corp.  filed suit for
             damages for breach of a lease  agreement for the  Company's  former
             sales  offices in  Fairfax,  Virginia.  The suit  alleges  that the
             Company  breached  the lease when the Fairfax  office was closed in
             July 2000 and lease payments were stopped. In May 2003, the Company
             and First  Horizon  reached a settlement  in which the total sum of
             $20,000 is to be paid to First Horizon over a nine-month  period of
             time.

9.     Stockholders' Deficit

       a.    Common Stock and Warrants
             The Company  has  authorized  50 million  shares of $0.01 par value
             common stock. Each share entitles the holder to one vote. There are
             no dividend or liquidation preferences,  participation rights, call
             prices or rates,  sinking  fund  requirements,  or  unusual  voting
             rights  associated with these shares.  At June 30, 2003, there were
             46,762,008  shares of common stock issued and  outstanding.  During
             the year ended June 30, 2003, the Company  established  the Class L
             warrants and  initiated  the process of  establishing  the Series A
             Preferred stock which underlies these warrants.

             During the third  quarter of the fiscal  year ended June 30,  2003,
             the Company  established  the Class L warrants  with the  following
             general  terms;  1)  exercise  price  of 25  cents  per  share,  2)
             expiration  date of January  14,  2005,  and 3) Series A  Preferred
             stock designated as underlying stock.  During this same period, the
             Company  initiated an exchange  program  with the existing  Class J
             Warrant  holders in which the Company offered to exchange one Class
             L  Warrant  for two  Class J  warrants,  with the  exchange  number
             rounded up to the next whole number in cases where an odd number of
             Class J warrants were submitted for exchange.  For each class,  the
             number of warrants outstanding, the strike price and the expiration
             dates are as follows:

                  Class J- 6,458,384  warrants on restricted stock with a strike
                  price of $1.00 per share, expiring on January 14, 2004.

                  Class L- warrants  were  established  in March  2003,  with an
                  exercise  price  of $.25  per  share,  an  expiration  date of
                  January 14, 2005 and Series A Preferred as  underlying  stock.
                  As of June 30,  2003,  holders  of Class J  warrants  totaling
                  6,126,861 shares of common stock have agreed to exchange their
                  warrants  for  3,063,431  Class  L  warrants  (a two  for  one
                  exchange ratio).

             Warrants E, F, G, and I expired on March 31,  2002.  Warrants B, C,
             and D expired on July 31, 2002. Warrants H expired October 1, 2002.

                                       14
<PAGE>

       b.    Common Stock Reserved
             At June 30,  2003,  common  stock was  reserved  for the  following
             reasons:

                  Conversion of bonds                    1,695,728 shares

                  Exercise of Class J warrants
                  classified as stock options            3,063,431 shares

                  Exercise of Class J warrants             331,523 shares

       c.    Stock Option Agreements
             The Company has granted  fixed  employee  stock-based  compensation
             options.  The fixed option agreements typically have a maximum term
             of 5 years  and are fully  vested  at the date of  grant.  The fair
             value of each option  granted is  estimated on the grant date using
             the  Black-Scholes  Model.  The following  assumptions were made in
             estimating fair value.

                                                                Fixed
                                                                Options
                                                                -------

                  Dividend yield                                 0.00%
                  Risk-free interest rate                        3.40%
                  Expected life                                  5 years
                  Expected volatility                             180%

             Had  compensation  cost been  determined on the basis of fair value
             pursuant to FASB  Statement  No.  123,  net loss and loss per share
             would not have been reduced  because no options were issued  during
             the years ended June 30, 2003 and 2002.

             The  Company  applies APB  Opinion 25 in  accounting  for its fixed
             stock compensation. Compensation cost charged to operations for the
             three months ended December 31, 2003 was $-0-.

             Following is a summary of the status of the stock option agreements
             during the year ended June 30, 2003 and December 31, 2003:





                                             Number            Weighted
                                               of              Average
                                             Shares         Exercise Price
                                           ---------        --------------

Outstanding at July 1, 2002                2,015,000             $1.01

Granted                                         --                --
Exercised                                       --                --
Forfeited                                       --                --
                                           ---------             -----

Outstanding at June 30, 2003               2,015,000              1.01
                                           ---------             -----

Options exercisable at December 31, 2003   2,015,000              1.01
                                           =========             =====

                                       15
<PAGE>

             Following is a summary of the status of the stock option agreements
             outstanding at December 31, 2003:
<TABLE>
<CAPTION>
                                                             Weighted Average      Weighted
                                                                Remaining          Average
             Exercise Price Range            Number          Contractual Life   Exercise Price
             --------------------           ---------        ----------------   --------------

<S>          <C>                            <C>                 <C>                 <C>
             $1.00 - $4.00                  2,015,000           19 months           $1.01
</TABLE>

             Pending stock transactions needing shareholder approval:
             --------------------------------------------------------

             Series A Preferred Stock

             During the third  quarter of the fiscal  year ended June 30,  2003,
             the  board  of  directors  allocated  7,000,000  shares  out  of an
             authorized  10,000,000  shares  of  Preferred  stock  to be used to
             establish  Series A Preferred  stock with general  terms as defined
             below: Par value - $0.00;  Liquidation Preference - $0.25 per share
             plus any  unpaid  accumulated  dividends;  Dividends  -  cumulative
             annual rate of $0.005 per share; Conversion Rights - convertible to
             common stock at a 1:1 ratio if and when a majority of the Company's
             shareholders  vote to  approve an  increase  in  authorized  common
             shares from  50,000,000  to  200,000,000;  Redemption  Rights - the
             Company  has the right to redeem  part or all of the stock  upon 30
             days  written  notice  at a  rate  of  $0.25  per  share  plus  all
             accumulated  and  unpaid  dividends;  Voting  Rights - one vote per
             share on all matters requiring shareholder vote.

             Prior to issuing the Series A  Preferred  stock,  the Company  will
             need to modify its articles of incorporation and obtain approval on
             such changes  from a majority of the  shareholders.  A  shareholder
             meeting is scheduled  for later this year to vote on this and other
             corporate matters.

             Series B Preferred Stock

             During the third  quarter of fiscal year ended June 30,  2003,  the
             board of directors  allocated  1,613,680  shares out of a remaining
             authorized  3,000,000  shares  of  Preferred  stock  to be  used to
             establish  Series B Preferred stock with the following  terms:  Par
             Value - $0.00;  Liquidation  Preference  - $0.25 per share plus any
             unpaid accumulated dividends; Dividends - cumulative annual rate of
             $0.0005 per share when and as  declared by our Board of  Directors;
             Conversion  Rights -  convertible  to  common  stock at a 1:5 ratio
             (i.e.  1 share of  Preferred  Series B stock  is  convertible  to 5
             shares of common  stock) if and when a  majority  of the  Company's
             shareholders  vote to  approve an  increase  in  authorized  common
             shares from  50,000,000  to  200,000,000;  Redemption  Rights - the
             Company  has the right to redeem  part or all of the stock  upon 30
             days  written  notice  at a  rate  of  $0.25  per  share  plus  all
             accumulated  and  unpaid  dividends;  Voting  Rights - one vote per
             share on all matters requiring shareholder vote.

             Prior to issuing the Series B  Preferred  stock,  the Company  will
             need to modify its articles of incorporation and obtain approval on
             such changes  from a majority of the  shareholders.  A  shareholder
             meeting is scheduled  for later this year to vote on this and other
             corporate matters.

                                       16
<PAGE>

             Liabilities in process of conversion to stock:
             ----------------------------------------------
             The Company has entered into  agreements  with various  vendors and
             employees  to  convert  their   liabilities  into  the  above,  two
             preferred  series of stock pending approval of same. The conversion
             rate varies.

10.    Related Party Transactions
       During the year ended June 30, 2003,  the Company sold aperture  cards to
       Qtek Aperture Card AB, a related party, for $13,397.

       During the year ended June 30, 2002,  the Company sold aperture  cards to
       Qtek Aperture Card AB, a related party, for $1,884.

       Included in  factoring  payable at December  31, 2003 is $20,000 due to a
       stockholder.

11.    Factoring Payable
       The Company has entered into an agreement with a factoring  company ("the
       Factor") to factor purchase orders with recourse. The Factor funds 97% or
       90% based upon the status of the purchase order. The Factor has agreed to
       purchase up to $4,800,000 of qualified  purchase  orders over the term of
       the  agreement;  however,  the Factor does not have to purchase more than
       $200,000 in any given month.  The agreement  term is from June 2, 2003 to
       June 2, 2005. The Company will pay a late fee of 3% for payments not made
       within 30 days and 5% for those not made in 60 days. At the option of the
       Factor,  the late fees may be paid with Company stock. If paid by Company
       stock, the stock bid price will be discounted 50% in computing the shares
       to be issued in payment of the late fee.

       The Company has agreed to issue the Factor 1,500,000 warrants to purchase
       the  Company's  stock as a fee for the  factoring  agreement.  The  stock
       issued under the warrants can be purchased at the average  closing  price
       of the Company's stock for the 90 days prior to the factoring  agreement.
       The Company has also issued the Factor  bonus  warrants.  The Factor will
       receive  two (2)  bonus  warrants  for each  dollar  of  purchase  orders
       purchased.  The bonus warrants will be exercisable at the average closing
       price of the Company's common stock for the 90 days prior to the purchase
       order  transactions they represent or a 50% discount to the closing price
       of the Company's stock at the time exercised at the option of the Factor.
       Both warrants are for a five year period.

       At December  31,  2003,  the Company had a factoring  payable  balance of
       $20,000.

12.    Fair Values of Financial Instruments
       The  following  methods and  assumptions  were used to estimate  the fair
       value of financial instruments:

       Cash and Cash  Equivalents.  The carrying  amount reported in the balance
       sheet for cash and cash equivalents approximates its fair value.

       Accounts Receivable and Accounts Payable. The carrying amount of accounts
       receivable and accounts  payable in the balance sheet  approximates  fair
       value.

       Short-Term and Long-Term Debt (including factoring payable). The carrying
       amount of the revolving credit facility approximates fair value.

                                       17
<PAGE>

       The carrying amounts of the Company's  financial  instruments at December
       31, 2003, approximate fair value.


Item 2.  Management's Discussion and Analysis

2.1      Results of Operations
Our revenues totaled $185,425 and $222,611 for the six months ended December 31,
2003 and 2002, respectively,  a decrease of $37,186 (17%) in 2003, primarily due
to a decrease in machine sales. Revenues in both periods resulted primarily from
sales of equipment, aperture card media, and maintenance services.

For the six  months  ended  December 31,  2003 and  2002,  cost of sales was
$113,583 and $112,953, respectively, an increase of $630(0.6%) in 2003. The cost
of sales for both periods consisted primarily of labor and production costs.

Operating  expenses totaled $427,458 for the six month period ended December 31,
2003 as compared to $303,645 for the six month period ended December 31, 2002, a
$123,813(41%)  increase  in  2003,  primarily  due  to a  increase  in  overhead
expenses.

During the three months ended December 31, 2003, we sold 70,000  aperture cards,
and renewed 8 maintenance contracts.

2.2      Liquidity and capital resources

We have historically  financed operations from the issuance of debt, the sale of
common stock and the conversion of common stock warrants. On December 31, 2003,
we had cash on hand of $2,649 and working capital of ($1,571,482) as compared to
cash on hand of $773  and  working  capital  of  ($1,200,427)  at  period-ending
December 31, 2002.

Net cash used in operating  activities of ($115,131)  and ($100,751) for the six
months ended December 31, 2003 and 2002,  respectively,  is attributed primarily
to payroll, payables and accounts receivable.

Net cash used for  investing  activities  of ($15,712)  for the six months ended
December 31, 2003 and  ($10,215)  for the six months ended  December 31, 2002 is
primarily related to an increase in other assets.

Net cash  provided by financing  activities of $112,330 for the six months ended
December 31, 2003 is based primarily on proceeds from factoring  offset by notes
payable to stockholders.  Net cash provided by financing  activities of $109,137
for  the six  months  ended  December  31,  2002 is  based  primarily  on  notes
payable-stockholders and factoring payable.

We assumed  certain  payroll  tax  liabilities  as the result of the merger with
Pacific Diagnostic Technologies, Inc., on January 14, 1999. We have negotiated a
payment plan with the Internal  Revenue Service to pay the payroll taxes assumed
in the merger.

We believe that the receipt of net proceeds from the issuance of debt,  the sale
of the  common  stock  and the  exercise  of  common  stock  warrants  plus cash
generated  internally  from  sales  will be  sufficient  to  satisfy  our future
operations, working capital and other cash requirements for the remainder of the
fiscal year.  However, if we are unable to raise sufficient capital, we may need
sell certain  assets,  enter into new  strategic  partnerships,  reorganize  the
company, or merge with another company to effectively maintain  operations.  Our
audit for the years  ended  June 30,  2003 and 2002  contained  a going  concern
qualification.

                                       18
<PAGE>

Item 3.  Disclosure Controls and Procedures

Our Chief  Executive  Officer and Chief  Financial  Officer  (collectively,  the
"Certifying   Officers")  are  responsible  for   establishing  and  maintaining
disclosure controls and procedures for the Company. Such officers have concluded
(based on their  evaluation of these controls and procedures as of a date within
90 days of the filing of this report) that the Company's disclosure controls and
procedures are effective to ensure that information  required to be disclosed by
the Company in this report is  accumulated  and  communicated  to the  Company's
management,  including its principal executive officers as appropriate, to allow
timely decisions  regarding required  disclosure.  The Certifying  Officers also
have indicated that there were no significant  changes in the Company's internal
controls  or  other  factors  that  could  significantly  affect  such  controls
subsequent to the date of their evaluation, and there were no corrective actions
with regard to significant deficiencies and material weaknesses.

PART II -- OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 2.  Changes in Securities

Common Stock Transactions

During the six month period ending December 31, 2003, we issued 1,987,987 shares
of our common stock in the transactions summarized below:

(a) In August  2003 we issued  200,000  shares of  common  stock  pursuant  to a
registration  statement on Form S-8 to a company as compensation  for consulting
services  related  to sales of our  products.  The stock  had a market  value of
$15,000.

(b) In October 2003 we issued 1,773,695 shares of restricted common stock to one
individual  in return for  converting  to equity  the  principal  ($89,200)  and
accrued interest  ($17,222) of a convertible bond. The convertible bond had been
held for over 2 years and this caused the shares issued on the principal  amount
to become immediately eligible for legend removal under Rule 144(k).

(c) In October 2003 we issued 14,291  shares of  restricted  common stock to one
individual as a late fee incurred during a purchase order financing transaction.
The stock had a market value of $1,372.


Unless  otherwise  noted,  the sales set forth above  involved no  underwriter's
discounts or commissions and are claimed to be exempt from registration with the
Securities and Exchange  Commission  pursuant to Section 4 (2) of the Securities
Act of 1933,  as amended,  as  transactions  by an issuer not involving a public
offering. The issuance and sale by the Company of shares of its common stock was
to financially  sophisticated  individuals  who are fully aware of the Company's
activities,  as well as its business and financial  condition,  and who acquired
said  securities for investment  purposes and  understood the  ramifications  of
same.

                                       19
<PAGE>

On January 14, 2004, our Class J Warrants expired.


Item 3. Defaults Upon Senior Securities

During the three  month  period  ended  March 31,  2003,  we made  offers to all
holders of our  promissory  notes and  convertible  bonds to convert  their bond
principal and accrued interest into Preferred stock. As of December 31, 2003, we
received  commitments  to convert  $198,268  of debt  ($159,000  in  principal +
$39,268 in accumulated interest) into 724,077 shares of Series A Preferred stock
and  648,256  shares  of  Series B  Preferred  stock.  During  October  2003,  a
convertible bond with a principal amount of $89,200 and accumulated  interest of
$17,222 was converted  into  1,773,695  shares of common  stock.  The balance of
related  debt,  consisting  of  $82,495  in  principal  and  $26,768  in accrued
interest,  still remains  outstanding.  Interest continues to accrue against the
principal of all outstanding bonds. The convertible bonds are unsecured, general
obligations of the Company which are convertible into common stock at the option
of the holders. The holders of the bonds that are in default have indicated that
they do not want to  convert  their debt to stock and wish to be repaid in cash.
At  present  we do not  have  funds to repay  the  indebtedness.  We do not know
whether we will be able to repay or  renegotiate  the debt.  If we are unable to
cure the default or  renegotiate  our debt,  we may not be able to continue as a
going concern.

Item 4.  Submission of Matters to a Vote of Security Holders

During the three  month  period  ending  December  31,  2003,  no  matters  were
submitted to a vote of security holders.

Item 5. Other Information

None.


Item 6.  Exhibits and Reports on Form 8-K

(a) Exhibits

   31.1       Certification  pursuant to Rule 13a-14 of the Securities  Exchange
              Act, as adopted pursuant to Section 302 of the  Sarbanes-Oxley Act
              of 2002, of the Chief Executive Officer

   31.2       Certification  pursuant to Rule 13a-14 of the Securities  Exchange
              Act, as adopted pursuant to Section 302 of the  Sarbanes-Oxley Act
              of 2002, of the Chief Financial Officer

   32.1       Certification  pursuant  to 18 U.S.C.  Section  1350,  as  adopted
              pursuant to Section 906 of the  Sarbanes-Oxley Act of 2002, of the
              Chief Executive Officer

   32.2       Certification  pursuant  to 18 U.S.C.  Section  1350,  as  adopted
              pursuant to Section 906 of the  Sarbanes-Oxley Act of 2002, of the
              Chief Financial Officer

                                       20
<PAGE>

(b) Reports on Form 8-K -

On January  14, 2004 we filed a Report on Form 8-K that  described  our Board of
Directors  decision to repeal our existing  corporate Bylaws and adopt an entire
set of new Bylaws which are better suited for use by a public company.


On  February  9,  2004 we filed a Report  on Form  8-K that  described  a recent
presentation  to the  Southern  California  Investors  Association  in  which we
disclosed future plans for expanding the business,  which includes;  positioning
our company as a mass  storage  vendor,  acquiring an  experienced  mass storage
sales  force,  integrating  our product  line with other  products,  forming new
partnerships, and acquiring existing service bureau operations.

                                   Signatures

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                    QUINTEK TECHNOLOGIES, INC.

Date: February 19, 2003                  /s/ ROBERT STEELE
                                    --------------------------------------------
                                    Robert Steele, President & CEO

Date: February 19, 2003                  /s/ ANDREW HAAG
                                    --------------------------------------------
                                    Andrew Haag, Chief Financial Officer


                                       21