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 November 30, 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                                           33-0198542
-------------------------------                  -------------------------------
(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)

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 November 30, 2002 41,047,957 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 November 30, 2002
          (Unaudited) and as of August 31, 2002 (Audited)                    3

          Condensed Consolidated Statements of Operations (Unaudited)
          for the three-Month Periods Ended November 30, 2002 and 2001       4

          Condensed Consolidated Statements of Cash Flows (Unaudited)
          for the three-Month Periods Ended November 30,2002 and 2001        5

          Notes to Consolidated Financial Statements                         6

          ITEM 2 - Management's Discussion and Analysis of Financial
                   Condition and Results of Operations                       9

          ITEM 4 - Controls and Procedures                                  12

PART II:  OTHER INFORMATION

          ITEM 1   Legal Proceedings                                        13

          ITEM 2   Changes in Securities and Use of Proceeds                13

          ITEM 3   Defaults upon Senior Securities                          13

          ITEM 4   Submission of Matters to a Vote of Securities
                   Holders                                                  13

          ITEM 5   Other Information                                        13

          ITEM 6   Exhibits and Reports on Form 8K                          13

SIGNATURES                                                                  14

                                       2
<PAGE>

                         PART I - FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS.

ESSXSPORT CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS

                                                   11/30/2002       8/31/2002
                                                   Unaudited         Audited
                                                  ------------     ------------
CURRENT ASSETS
Cash                                              $     12,436     $      8,872
Accounts Receivable                                     46,246           38,168
Inventory                                              129,384          107,552
                                                  ------------     ------------
                                                  $    188,066     $    154,592

PROPERTY AND EQUIPMENT
Equipment                                         $    175,029     $    175,029
Accumulated Depreciation                               (98,120)         (89,411)
                                                  ------------     ------------
                                                  $     76,909     $     85,618

INTANGIBLES
Patterns                                          $     17,000     $     12,000
Noncompete Agreement                                    10,000           10,000
Accumulated Amortization                               (13,012)         (11,538)
                                                  ------------     ------------
                                                  $     13,988     $     10,462

Deposits                                          $         --     $      2,175

      Total Assets                                $    278,963     $    252,847

CURRENT LIABILITIES
Accounts Payable                                  $    117,327     $    136,909
Accrued Expenses                                        45,759           50,885
Deposits from Customers                                 12,113               --
Current portion of long-term debt                        9,544           11,193
Notes Payable - Related Parties                         28,226           29,300
                                                  ------------     ------------
      Total Current Liabilities                   $    212,969     $    228,287


Long Term Debt                                    $     14,404     $     15,556

CAPITAL
Common Stock, $0.001 par value
      300,000,000 shares authorized, 41,047,957
      and 36,497,957 issued and outstanding at
      11/30/02 and 8/31/02, respectively          $     41,048     $     36,498
Paid-In Capital                                        667,205          649,005
Retained Deficit                                      (656,663)        (676,499)
                                                  ------------     ------------
      Total Capital                               $     51,590     $      9,004

      Total Liabilities and Capital               $    278,963     $    252,847

                                       3
<PAGE>

ESSXSPORT CORP.
CONDENSED CONSOLIDATED INCOME STATEMENTS

                                                  Three Months Ended November 30

                                                       2002            2001
                                                    Unaudited       Unaudited
                                                   ------------    ------------

Revenues                                           $    247,343    $    120,731
Cost of Goods Sold                                       68,361          57,526
                                                   ------------    ------------

Gross Profit                                       $    178,982    $     63,205

Selling, General and Administrative Expenses       $    159,146    $    128,628

Income (Loss) from Operations                      $     19,836    $    (65,423)

Other                                                        --          (3,000)

Net Income (Loss)                                  $     19,836    $    (62,423)


Weighted Average Shares Outstanding                  36,747,957      32,880,388

Net Income (Loss) Per Share                                0.00           (0.00)

                                       4
<PAGE>

ESSXSPORT CORP.
STATEMENT OF CASH FLOWS

                                                  Three Months Ended November 30

                                                       2002           2001
                                                    Unaudited      Unaudited
                                                    ----------     ----------
OPERATING ACTIVITIES
Net Income (Loss) from Operations                   $   19,836     $  (62,423)
Adjustments: Net Income (Loss) to Net Cash
      Pending Issuance of Stock for Services        $   17,750     $       --
      Amortization                                       1,474          1,224
      Depreciation                                       8,709         10,050
      Gain on Sale of Asset                                 --         (3,000)
      Changes in Accounts Receivable                    (8,078)        (7,740)
      Changes in Inventories                           (21,832)       (14,990)
      Changes in Deposits                                2,175             --
      Changes in Accounts Payable and
             Accrued Expenses                          (24,708)        53,936
      Changes in Deposits from Customers                12,113             --
                                                    ----------     ----------
      Net Cash Provided by
             Operating Activities                   $    7,439     $   39,480

INVESTING ACTIVITIES
      Proceeds From Sale of Assets                  $       --     $    8,000
      Investment in Property, Plant and Equipment           --        (11,082)
                                                    ----------     ----------
      Net Cash Used by Investing Activities         $       --     $   (3,082)

FINANCING ACTIVITIES
      Repayments on Notes Payable                   $   (1,074)    $   (5,368)
      Repayments on Long-Term Debt                      (2,801)    $   (5,095)
      Advances Under Notes Payable                          --         30,219
                                                    ----------     ----------
      Net Cash Provided (Used) by
             Financing Activities                   $   (3,875)    $   19,756

INCREASE (DECREASE) IN CASH                         $    3,564     $   (6,269)

Cash at Beginning of Period                         $    8,872     $   30,943

CASH AT END OF PERIOD                               $   12,436     $   24,674

                                       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
three-month  period ended  November 30, 2002 are not  necessarily  indicative of
results that may be expected for the year ending August 31, 2003.

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
Institutional  school  equipment  and other  various  other  sports  products as
private  labeled.  The  company  is now in full  manufacturing  of its own  foam
protective products, volleyball padding, baseball foam products, basketball foam
training  devices,  and  pole  vault  and high  jump  landing  systems,  and Hi-
composite  fiberglass  vaulting poles,  primarily targeting the sports equipment
needs of  Institutional  schools,  sporting goods dealer,  and direct end users,
marketing  through  distributors,  jobbers,  and  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>

                                 ESSXSPORT CORP.
                          NOTES TO FINANCIAL STATEMENTS


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

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 November 30, 2002 and 2001.

NOTE 2. INVENTORY

The major components of inventories are as follows:

                  --------------------------------------------
                                         NOV 30,       AUG 31,
                                          2002          2002

                  Raw Materials         $ 80,750      $ 74,927
                  Work-in-process       $ 25,073      $ 15,811
                  Finished Goods        $ 23,561      $ 16,814
                                        ----------------------
                                        $129,384      $107,552
                  --------------------------------------------

NOTE 3. NOTES PAYABLE
                                                        11/30/02       08/31/02
                                                       ----------     ----------
Note payable to an officer and shareholder of
the Company, due on demand, bearing an annual
interest rate of 7% unsecured                          $   28,226     $   29,300
                                                       ==========     ==========

                                       7
<PAGE>

                                 ESSXSPORT CORP.
                          NOTES TO FINANCIAL STATEMENTS

NOTE 4. LONG TERM DEPT

The Company has not entered in to any banking  financing  relationships,  it may
pursue  additional  financial  assistance  in the near  future.  The Company has
entered into a capital lease for certain production equipment. Obligations under
capital lease have been recorded in the accompanying financial statements at the
present  value of  future  minimum  lease  payments,  discounted  at an  imputed
interest rate of 25%.

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  $448,000 and
begin to expire in 2021.

The Company has no tax  provision  or benefit in 2002 or 2001,  nor has any been
calculated  for the  interim  financials  dated  Nov 30,  2002,  as the  benefit
provided by the Company's  net operating  losses has been offset by increases in
the deferred tax asset valuation allowance.

NOTE 6. INTANGIBLE ASSETS

                                            Nov 30,        AUG 31,
                                             2002           2002

            Patterns                      $   17,000     $   12,000
            Non-Compete Agreement             10,000         10,000
                                          ----------     ----------
                                          $   27,000     $   22,000
            Accumulated Amortization         (13,012)       (11,538)
                                          ----------     ----------
                                          $   13,988     $   10,462
                                          ==========     ==========

Included in intangible assets is the following:

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

During the quarter ended November 30, 2002 the Company agreed to issue 4,550,000
shares of common stock valued at $22,750 for goods or services which the Company
has received. The shares are pending issuance but have been included with issued
shares for this report and the earnings per share calculation.

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. $96,528 at Nov 30, 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.

                                       8
<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
public and private high schools,  colleges and Universities as well as wholesale
distributors and dealers. The market for sporting goods merchandise is estimated
at annual  expenditures  of some $25 billion for team  sports  equipment  in the
Institutional  school  arenas (US  Census).  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 30
years.  The Company's  focus is in the foam  fabrication  and vinyl  encasements
products  used in track and field due to the most recent  increase in demand for
these items.

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  increased  revenues  each  year  are the  results  of brand
awareness and increased product mix.

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.

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

THREE MONTHS ENDED NOVEMBER 30, 2002,
COMPARED TO THREE MONTHS ENDED NOVEMBER 30, 2001

NET SALES

Net  sales  for  the  three  months  ended  November  30,  2002,   increased  by
approximately $127,000 or 105%, compared to the same period in 2001.

The  company  attributes  the growth in its  revenues  for this  period to brand
awareness  through  marketing  activities,  and new safer rules  mandated by the
governing rule committees for sports for which our products comply.

GROSS MARGIN

Gross  margin  for the three  months  ended  November  30,  2002,  increased  by
approximately $116,000, or 183%, compared to the same period in 2001.

                                       9
<PAGE>

This increase is primarily due to better efficiency and lower costs from our new
manufacturing  facilities.  As a percentage of sales, gross margin for the three
months ended  November  30, 2002,  increased to 72% compared to 52% for the same
period in 2001.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Selling, General and Administrative expenses for the three months ended November
30,  2002,  increased by  approximately  $31,000,  or 24%,  compared to the same
period  in  2001.  The  increase  is  predominantly   due  to  the  increase  in
professional costs related to being a public company.  As a percentage of sales,
selling, general and administrative expenses for the three months ended November
30, 2002, decreased to 64% from 107% for the same period in 2001.

LIQUIDITY

Cash and cash  equivalents  totaled  approximately  $12,000 at November 30, 2002
compared to approximately $9,000 at August 31, 2002.

There were no proceeds  from  financing  activities  for the three  months ended
November 30, 2002 as compared to $20,000 for the same period in 2001.

Current assets totaled  approximately  $188,000 at November 30, 2002,  providing
the Company with a current ratio of .88 when divided by its current  liabilities
of approximately $213,000.

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.  The Company  may require  additional
capital  to fund  future  operating  requirements,  as  well as to fund  any new
business venture.  The Company has been exploring various  alternatives to raise
new capital,  but there can be no assurance that the Company will  ultimately be
successful in this regard.

BACKLOG

Last year at this time of the year we had only a $20,000  backlog.  This quarter
with the new safety rules mandated by the NCAA and NFHS, the Company has secured
over $600,000 in orders in the system for one of its most profitable products.

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

                                       10
<PAGE>

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.

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.

                                       11
<PAGE>

CONTROLS AND PROCEDURES

Within 90 days prior to the date of this  report,  the  Company  carried  out an
evaluation,  under the supervision and with the  participation  of the principal
executive officer and principal  financial officer,  of the effectiveness of the
design and operation of the Company's disclosure controls and procedures.  Based
on this  evaluation,  the principal  executive  officer and principal  financial
officer  concluded  that the Company's  disclosure  controls and  procedures are
effective  in  timely  alerting  them to  material  information  required  to be
included in its periodic SEC reports.  It should be noted that the design of any
system  of  controls  is  based  in part  upon  certain  assumptions  about  the
likelihood of future events,  and there can be no assurance that any design will
succeed in achieving  its stated goals under all  potential  future  conditions,
regardless of how remote.

In addition,  the Company reviewed its internal controls, and there have been no
significant  changes in its  internal  controls or in other  factors  that could
significantly  affect  those  controls  subsequent  to  the  date  of  the  last
evaluation.

                                       12
<PAGE>

                           PART II. OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

None

ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS.

On November  30,  2002,  the Company  approved  the  issuance of an aggregate of
4,450,000  shares of its  common  stock to 19  individuals,  of which  seven are
directors of the Company,  eleven are consultants and one provided  improvements
to  the  Company's   manufacturing   equipment.   All  of  the  individuals  are
sophisticated  and  have  a  long  relationship  with  the  Company  and/or  its
President,  and the  Company  believes  that such  individuals  are  capable  of
evaluating the merits and risks of an investment in the Company. Each individual
had access to review the  publicly  filed  reports of the Company and to discuss
the  business  and  financial  affairs of the Company  with the  officers of the
Company.  The  shares  to  be  issued  are  restricted  shares  and  each  stock
certificate will be affixed with the appropriate  legend  restricting  sales and
transfers.  In view of the aforementioned,  this issuance is deemed to be exempt
from registration pursuant to Rule 505 and/or Section 4(2) of the Securities Act
of 1933.

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 8K

     (a)  Exhibits:

          99.1 Certification  of Chief  Executive  Officer  and Chief  Financial
               Officer pursuant to the Sarbanes-Oxley Act of 2002.

     (b)  Reports on Form 8-K:

          None

                                       13
<PAGE>

                                   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:  January 14, 2003            ESSXSPORT CORP.


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

                                       14
<PAGE>