U.S. 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 February 28, 2002

       [ ] TRANSITIONAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
                     EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

                           Commission File No. 0-32923

                                 ESSXSPORT CORP.
                 (Name of Small Business Issuer in its Charter)

            NEVADA                                          33-0198414
-------------------------------                  -------------------------------
(State or other jurisdiction of                          (I.R.S. Employer
 incorporation of organization)                       Identification Number)

            9812-14 GLENOAKS BOULEVARD, SUN VALLEY, CALIFORNIA 91352
            --------------------------------------------------------
                     (Address of Principal Executive Office)

                                 (817) 285-2886
                                 --------------
                           (Issuer's telephone number)

                 305 NE LOOP 820, SUITE 505, HURST, TEXAS 96053
                 ----------------------------------------------
                 (Former Address, if changed since last report)

Check  whether  the issuer has (1) filed all  reports  required by Section 12 or
5(d) of the Exchange Act during the past 12 months, and (2) been subject to such
filing requirements for the past ninety (90) days. Yes ( ) No (X)

As of February 28, 2001, 36,497,957 shares of Common Stock were outstanding.

<PAGE>

                                 ESSXSPORT CORP.

                                      INDEX

                                                                         Pages
                                                                       ---------

PART I:   FINANCIAL INFORMATION

     ITEM 1 - Financial Statements

          Condensed   Consolidated  Balance  Sheets  as  of  February  28,  2002
          (Unaudited) and as of August 31, 2001 (Audited)

          Condensed  Consolidated  Statements of Operations  (Unaudited) for the
          Quarters and Year-to-Date Periods Ended February 28, 2002 and 2001

          Condensed Consolidated Statements of Cash Flows (Unaudited)
          for the Year-to-Date Periods Ended February 28, 2002 and 2001

          Notes to Consolidated Financial Statements

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

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 Securities Holders

     ITEM 5 - Other Information

     ITEM 6 - Exhibits and Reports on Form 8-K

                                       2
<PAGE>

                         PART I - FINANCIAL INFORMATION

                          ITEM 1. Financial Statements

                                 ESSXSPORT CORP.
                      CONDENSED CONSOLIDATED BALANCE SHEETS

                                                   2/28/2002        8/31/2001
                                                   Unaudited         Audited
                                                  ------------     ------------
CURRENT ASSETS
Cash                                              $     18,839     $     30,943
Accounts Receivable                                     32,197           26,361
Stock Subscriptions                                         --            5,000
Inventory                                               76,554           59,444
                                                  ------------     ------------
                                                  $    127,590     $    121,748

PROPERTY AND EQUIPMENT
Equipment                                         $    175,029     $    121,166
Accumulated Depreciation                               (65,383)         (41,745)
                                                  ------------     ------------
                                                  $    109,646     $     79,421

INTANGIBLES
Patterns                                          $     12,000     $     12,000
Noncompete Agreement                                    10,000           10,000
Accumulated Amortization                                (9,087)          (6,638)
                                                  ------------     ------------
                                                  $     12,913     $     15,362

Deposits                                          $         --     $      2,857

      Total Assets                                $    250,149     $    219,388

CURRENT LIABILITIES
Accounts Payable                                  $     99,894     $     43,377
Accrued Expenses                                        83,770           58,006
Current portion of long-term debt                       10,655               --
Notes Payable - Related Parties                         31,185           11,591
                                                  ------------     ------------
      Total Current Liabilities                   $    225,504     $    112,974


Long Term Debt                                    $     21,980     $         --

CAPITAL
Common Stock, $0.001 par value
      300,000,000 shares authorized, 36,497,957
      and 32,916,567 issued and outstanding at
      2/28/02 and 8/31/01, respectively           $     36,498     $     32,917
Paid-In Capital                                        623,755          623,715
Retained Deficit                                      (657,588)        (550,218)
                                                  ------------     ------------
      Total Capital                               $      2,665     $    106,414

      Total Liabilities and Capital               $    250,149     $    219,388


The notes to financial statements are an integral part of these statements.

                                       3
<PAGE>

                                 ESSXSPORT CORP.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                     Six Months Ended Feb 28         Three Months Ended Feb 28
                                                      2002             2001            2002              2001
                                                    Unaudited        Unaudited       Unaudited        Unaudited
                                                  ------------     ------------     ------------     ------------
<S>                                               <C>              <C>              <C>              <C>
Revenues                                          $    279,892     $    278,939     $    159,161     $    182,840

Cost of Goods Sold                                     154,084          160,446           96,558          101,208
                                                  ------------     ------------     ------------     ------------

Gross Profit                                      $    125,808     $    118,493           62,603           81,632

Selling, General and Administrative Expenses      $    236,178     $    231,376          107,550           93,287

Loss from Operations                              $   (110,370)    $   (112,883)         (44,947)         (11,657)

Other Income (Expense)                                   3,000          (20,549)              --           (1,007)

Loss Before Income Taxes                          $   (107,370)    $   (133,432)    $    (44,947)    $    (13,404)

Income Tax Expense                                           0                0                0                0
                                                  ------------     ------------     ------------     ------------

Net Loss                                          $   (107,370)    $   (133,432)    $    (44,947)    $    (13,404)
                                                  ------------     ------------     ------------     ------------

Weighted Average Shares Outstanding                 33,298,592       35,565,355       33,721,443       35,633,107

Net Loss Per Share                                       (0.00)           (0.00)           (0.00)           (0.00)
</TABLE>

The notes to financial statements are an integral part of these statements.

                                       4
<PAGE>

                                 ESSXSPORT CORP.
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                   Six Months Ended February 28

                                                       2002            2001
                                                     Unaudited       Unaudited
                                                   ------------    ------------
OPERATING ACTIVITIES
Net Loss from Operations                           $  (107,370)    $   (133,432)
Adjustments: Net Income to Net Cash
      Issuance of Common Stock for Services        $         29    $         --
      Amortization                                        2,449           1,570
      Depreciation                                       23,638          16,605
      Gain on Sale of Assets                             (3,000)             --
      Changes in Accounts Receivable                       (836)          3,995
      Changes in Inventories and Prepaid Expenses       (14,253)        (38,480)
      Changes in Accounts Payable and
             Accrued Expenses                            82,281         (48,291)
                                                   ------------    ------------
      Net Cash Used by Operating Activities        $     90,308    $    (64,601)

INVESTING ACTIVITIES
      Proceeds From Sale of Assets                 $      8,000    $         --
      Investment in Property, Plant and Equipment       (18,863)        (23,445)
                                                   ------------    ------------
      Net Cash Provided by Investing Activities    $    (10,863)   $    (23,445)

FINANCING ACTIVITIES
      Repayments on Notes Payable                  $     (7,033)   $         --
      Repayments on Long-Term Debt                       (7,365)             --
      Advances Under Notes Payable                       30,219              --
      Proceeds from Sale of Common Stock                     --         227,091
                                                   ------------    ------------
      Net Cash Provided by Financing Activities    $     15,821    $    227,091

INCREASE (DECREASE) IN CASH                        $    (12,104)   $      5,613

Cash at Beginning of Period                        $     30,943    $     17,309

CASH AT END OF PERIOD                              $     18,839    $     22,922

The notes to financial statements are an integral part of these statements.

                                       5
<PAGE>

                                 ESSXSPORT CORP.
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


                              BASIS OF PRESENTATION

The accompanying  unaudited consolidated financial statements have been prepared
in  accordance  with  generally  accepted  accounting   principles  for  interim
financial  information and the instructions for Form 10-QSB.  Accordingly,  they
may not include all  information  and footnotes  required by generally  accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management, all adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included.  Operating results for the
six-month  period ended  February  28, 2002 are not  necessarily  indicative  of
results  that  may be  expected  for  the  year  ending  August  31,  2002.  The
consolidated  financial  information  included in the  condensed  statements  of
operations  and cash flows for the three and six months ended February 28, 2001,
have not been reviewed as required by Regulation SB, Item 310(b).

                      ORGANIZATION AND QUASI-REORGANIZATION

ESSXsport  Corp.  was  incorporated  in Nevada in 1984 as  Southern  Development
Company, Inc. (SDC). In December 1994 SDC merged with Integrated  Communications
Access Network,  Inc. (ICAN).  ICAN's main business activity centered around the
interactive  television and  telecommunications  industries.  In March 1996 ICAN
changed  its name  back to SDC.  In  September  1998,  the  Company,  under  new
management,  changed its name to ESSXsport  Corp. and changed its business focus
to the sport equipment industry.  Prior to September 1, 1998, the Company was in
the development stage.

Effective  September 1, 1998,  the  Company's  Board of  Directors  approved the
elimination  of  the  Company's   accumulated   deficit  through  an  accounting
reorganization of its stockholders' equity accounts (a quasi-reorganization). At
that  date the  Company  had no  assets  or  liabilities,  and,  therefore,  the
quasi-reorganization  did not involve any revaluation.  September 1, 1998 is the
beginning  date of the Company's  fiscal year and is also the effective  date of
the Company's new business focus under new management.  The quasi-reorganization
was  accomplished  by  eliminating  the  accumulated  deficit by a transfer from
additional  paid-in  capital  and  common  stock  of  an  amount  equal  to  the
accumulated deficit at August 31, 1998.

                              NATURE OF OPERATIONS

The Company sells  several lines of sporting gear and equipment  under the brand
name ESSXsport.  The Company contracts with  manufacturers for the production of
shoes, team apparel,  pole vaults and landing systems,  and various other lines,
primarily targeting the track and field market,  marketing directly to end users
via the internet, catalog sales and trade shows.

                           PRINCIPLES OF CONSOLIDATION

The  consolidated   financial   statements   include  EssxSport  Corp.  and  its
wholly-owned   subsidiary,   eonlinesports.com.   EssxSport  Corp  is  the  sole
shareholder  of  eonlinesports.com.  All  intercompany  transactions  have  been
eliminated.

                                       6
<PAGE>

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

                                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.

                     ACCOUNTS RECEIVABLE AND CONCENTRATIONS

No allowance for doubtful accounts has been provided. All accounts considered to
be  non-collectable  have been charged  off,  and in the opinion of  management,
losses, if any, on the remaining accounts will not be significant.

                                    INVENTORY

Inventory  consists of goods held for resale and are stated at the lower of cost
or market value.

                             PROPERTY AND EQUIPMENT

Property and  equipment  is stated at cost.  Depreciation  is computed  using an
accelerated  method over the estimated  useful lives of the assets,  which range
from five to seven years.  Gains and losses on sales and  dispositions  of fixed
assets are included in operations in the year realized.

                                ADVERTISING COSTS

All advertising costs are expensed as incurred.

                                  INCOME TAXES

The Company uses the liability method in accounting for income taxes. Under this
method,  deferred tax assets and liabilities are determined based on differences
between  financial  reporting  and  income  tax  carrying  amounts of assets and
liabilities  and are measured  using the enacted tax rates and laws that will be
in effect when the differences are expected to reverse.

                             STATEMENT OF CASH FLOWS

For purposes of the  statement of cash flows,  the Company  considers all highly
liquid  investments with initial maturities of three months or less from date of
purchase to be cash equivalents.

                               NET LOSS PER SHARE

Net loss per share of common  stock is based on the weighted  average  number of
shares outstanding during the periods ended February 28, 2002 and 2001.

                                       7
<PAGE>

NOTE 2. INVENTORY

The major components of inventories are as follows:

                 -----------------------------------------------
                                   February 28,    AUGUST 31,
                                       2002            2001
                                   ------------    ------------

                 Raw Materials     $     56,791    $     37,979
                 Finished Goods    $     19,763    $     21,465
                                   ------------    ------------
                                   $     76,554    $     59,444
                                   ============    ============

                 -----------------------------------------------

NOTE 3. NOTES PAYABLE

<TABLE>
<CAPTION>
                                                                 2/28/02       08/31/01
                                                               ----------     ----------
<S>                                                            <C>            <C>
Note payable to an officer and shareholder of the Company,     $        0     $    3,591
non-interest bearing, unsecured. Convertible into shares of
common stock at a rate of $0.001 per share

Note payable to an officer and shareholder of the Company,         31,185          8,000
non-interest bearing, unsecured.                               ----------     ----------
                                                               $   31,185     $   11,591
                                                               ==========     ==========
NOTE 4. LONG-TERM DEBT

Long-term debt consists of the following:

<CAPTION>
                                                                 2/28/02       08/31/01
                                                               ----------     ----------
<S>                                                            <C>            <C>
Note payable to lender with monthly  installments of $1,482,
including interest at 25.49%, maturing August 2004; secured
by equipment                                                   $   32,635     $       --
                                                               ----------     ----------

Less current maturities                                            10,655             --
                                                               ----------     ----------
                                                               $   21,980     $       --
                                                               ==========     ==========
</TABLE>

NOTE 5. INCOME TAXES

Deferred income tax assets and liabilities are computed for differences  between
financial  statement and tax basis of assets and liabilities that will result in
taxable or deductible  amounts in the future based on enacted tax laws and rates
applicable to the period in which the differences are expected to affect taxable
income.  Valuation  allowances are established when necessary to reduce deferred
tax assets to the amount expected to be realized.  Income tax expense is the tax
payable or refundable  for the period plus or minus the change during the period
in deferred tax assets or liabilities.

Deferred tax assets are due to a net operating loss carry forward. Net operating
losses available to offset future taxable income are approximately  $550,218 and
begin to expire in 2019.  The Company has no tax provision or benefit in 2001 or
2000,  nor has any been  calculated  for the interim  financials  dated February
28,2002,  as the benefit provided by the Company's net operating losses has been
offset by increases in the deferred tax asset valuation allowance.

                                       8
<PAGE>

NOTE 6. INTANGIBLE ASSETS

Included in intangible assets is the following:

                                        FEBRUARY 28,       AUGUST 31,
                                            2002             2001
                                        ------------     ------------
Patterns                                $     12,000     $     12,000
Non-Compete Agreement                         10,000           10,000
                                        ------------     ------------
                                        $     22,000     $     22,000
Accumulated Amortization                      (9,087)          (6,638)
                                        ------------     ------------
                                        $     12,913     $     15,362
                                        ============     ============

The patterns are being  amortized  on the  straight-line  basis over a five-year
period. The non-compete  agreement is being amortized on the straight-line basis
over the expected non-compete period of four years.

NOTE 7. COMMON STOCK AND PAID IN CAPITAL

The Company issued 3,622 additional  shares of common stock in the quarter ended
February 28,2002.  There are 36,497,957 total shares issued and outstanding.  Of
the shares issued,  3,592 were issued due to the conversion of note payable to a
stockholder and 30 were issued as part of a consulting contract.

NOTE 8. COMMITMENTS AND CONTINGENCIES

The  Company  has sold  customer  accounts  receivable  with full  recourse to a
factor.  The factor retains  portions of the amounts for which the accounts were
sold as a  reserve,  which is  released  to the  Company as the  customers  make
monthly  payments.   The  balance   outstanding  under  recourse  contracts  was
approximately. $16,361 at February 28, 2002 In the event of default, the Company
pays the factor a predetermined  amount or repossesses the secured account.  The
Company has not  experienced  any  repossession  losses and losses under present
recourse  obligations  are  not  expected  to be  significant.  Accordingly,  no
provision  has been made for future  losses that may result  under the  recourse
arrangements. It is reasonably possible that the Company's estimate of near term
repossessions and losses could change.

                                       9
<PAGE>

ITEM 2.
MANAGEMENT'S DISCUSSION AND

                       ANALYSIS OF FINANCIAL CONDITION AND
                              RESULTS OF OPERATIONS

BACKGROUND

The company is engaged in the national  distribution of sports  equipment to the
institutional and wholesaler markets realizing the vast majority of its revenues
in  response  to  telemarketing  efforts  directing  sales  to our  dealers  and
distributors  of our product line. The market for sporting goods  merchandise is
estimated  to  consist  of annual  expenditures  of some $4  billion  for sports
equipment  in the  Institutional  arenas.  The  management  of the  company  has
extensive  experience in this  business  having  previously  worked for and also
founded  successful  companies in the sports equipment  industry for the past 25
years.

Since the company commenced its first marketing program in September of 1998, it
continues to add new customers  and promote new products each year.  The company
believes  that its unique  products  are the primary  reason for the increase in
revenues each year.

The company's fiscal year ends on August 31st.

SIX MONTHS ENDED FEBRUARY 28, 2002
COMPARED TO THE SIX MONTHS ENDED FEBRUARY 28, 2001

NET SALES

The  company's  sales and  earnings are  seasonal in nature.  Historically,  the
company has  reported  lower sales and  earnings in the first and second  fiscal
quarters  because  many of the  company's  primary  customers  buy after  summer
vacations and the opening of the new school year.  Other  factors,  such as poor
weather,  could negatively impact demand for the company's products.  Management
believes that if sales continue to increase, as the company makes changes to its
product  mix,  the  historical  seasonal  window  will  widen  and  provide  the
opportunity  for greater  sales  revenues  with greater  potential  gross profit
margins. Net sales for the six months ended February 28, 2002 were approximately
the same  compared to the same period in 2001.  This past year there has been an
increase  in  participation  by women in the  sport  and the  market  share  has
increased.  With our new product  production for this market share,  the Company
believes future  revenues will continue to grow from current levels.  At the end
of this Second Quarter the company  experienced its largest backlog of orders in
house to produce within the next month of the 3rd Quarter.  Management  believes
the  seasonality in its revenues will continue to be a factor in future periods,
but may not impact the  company as much as in  previous  years when the  selling
window grows wider. As the need for larger and more  protective  landing systems
in Track and Field events is required by the National Federation of High Schools
(NFHS), the potential of a greater market opportunity will arise for the company
to produce this very product out of the season.

GROSS MARGIN

Gross margin for the six months ended February 28, 2002, was slightly  increased
due to the improved production efficiencies.  The Companies product mix that was
purchased  from others on private  label bases will be produced  in-house with a
potential greater profit margin.

                                       10
<PAGE>

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Selling,  General and Administrative  expenses for the six months ended February
28,2002,  increased  slightly due to the  administrative  cost of preparing  and
submitting the form 10 SB , compared to the same period in 2001.

NET LOSS

The Company's net loss from operations  decreased by  approximately  $26,000 for
the six months ended February 28,2002, compared to the same period in 2001.

LIQUIDITY AND CAPITAL RESOURCES

Cash and cash equivalents  totaled  approximately  $19,000 at February 28, 2002,
compared to approximately $31,000 at August 31, 2001.

Current assets totaled  approximately  $128,000 at February 28, 2002,  providing
the  Company  with a  current  ratio  of  (.57)  when  divided  by  its  current
liabilities of approximately $226,000. The company plans to expand by evaluating
potential  acquisitions and joint ventures, and the success of those efforts may
require  additional  bank  debt,  equity  financing,  or private  financing.  In
addition it plans to raise additional capitol to increase the working capitol of
the company and provide  additional  inventory to meet the demands of the coming
market for 2003.

EQUIPMENT INVESTMENTS BY THE COMPANY

In the past six months the company  invested in an acquisition of the Auto-Clave
Hi-Composite  manufacturing  equipment owned by Innovative Hockey De Mexico, and
in addition built a new auto clave and special  rolling table to implement their
new concepts in hi-tech fiberglass designs.

The cost of the fittings,  hoses, testing equipment,  and molds was $27,800. The
additional  new equipment to facilitate  the complete  process was $40,000.  The
$67,800.00 investment,  located in the Sun Valley Ca. Manufacturing office, will
enable the company to  capitalize  on the growing  market of new athletes due to
the  implementing  of Title 9 for women.  In the past two years this  market has
doubled and the  equipment  will allow the company to produce  their own product
and open  opportunities  for other sports products to be produced in the future.
There is no guarantee  that the company can capture the total increase in market
share or a percentage there of; however the Company is becoming a player in this
industry with an increase potential to obtain additional sales.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

The company occasionally makes forward-looking  statements concerning its plans,
goals,  product and service offerings,  and anticipated  financial  performance.
These  forward-looking  statements may generally be identified by  introductions
such as "outlook"  for an upcoming  period of time, or words and phrases such as
"should", "expect", "hope", "plans", "projected", "believes", "forward- looking"
(or  variants of those words and  phrases) or similar  language  indicating  the
expression of an opinion or view concerning the future.

These forward-looking statements are subject to risks and uncertainties based on
a number of factors  and actual  results  or events may differ  materially  from
those anticipated by such forward-looking statements. These factors include, but
are not limited to: the growth rate of the  company's  revenue and market share;
the consummation of new, and the  non-termination  of, existing  contracts;  new
competitors   entering  the  company's   business,   the  company's  ability  to
effectively  manage its  business  functions  while  growing  its  business in a
rapidly  changing  environment;  the  company's  ability to adapt and expand its
services in such an environment; the company's ability to successfully refinance
or extend its line of credit or obtain  alternative  sources of  financing;  the
effective  and  efficient  management  of the  company's  inventory  levels  and
processing of sales orders;  the quality of the company's  plans and strategies;
and the company's ability to execute such plans and strategies.

                                       11
<PAGE>

In  addition,  forward-looking  statements  concerning  the  company's  expected
revenue  or  earnings  levels  are  subject  to  many  additional  uncertainties
applicable to  competitors  generally and to general  economic  conditions  over
which  the  company  has no  control.  The  company  does not plan to  generally
publicly update prior  forward-looking  statements for  unanticipated  events or
otherwise  and,  accordingly,  prior  forward-looking  statements  should not be
considered  to be "fresh"  simply  because the  company has not made  additional
comments on those forward-looking statements.

                                       12
<PAGE>

                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 2. CHANGES IN SECURITIES

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

None.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

None.

(b) Reports on Form 8-K

None.

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
his  report to be  signed  on its  behalf  by the  undersigned,  thereunto  duly
authorized.


Dated:  April 22, 2002                  ESSXSPORT CORP.

                                        By: /s/ Bruce Caldwell
                                            -------------------------
                                            Bruce Caldwell, President