<PAGE> 1

                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549

                                FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934

                For the Quarter Ended June 30, 2001


                      Commission File Number 0-24721



                         LEXON TECHNOLOGIES, INC.
           -----------------------------------------------------
          (Exact Name of Registrant, as Specified in its Charter)


              Delaware                                  87-0502701
-------------------------------           ----------------------------------
(State or other Jurisdiction of          (IRS Employer Identification Number)
 Incorporation or Organization)



             13237 Montfort Drive, #205, Dallas, Texas 75240
             -----------------------------------------------
                 (Address of Principle Executive Offices)


                             (972)386-6054
           --------------------------------------------------
          (Registrant's Telephone Number, Including Area Code)




Indicate, by check mark, 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.

(1) Yes     No X     (2) Yes X   No
       ---    ---           ---    ---
THIS REPORT IS BEING FILED ON OR ABOUT MARCH 25, 2002, WHICH IS BEYOND THE
DATE ON WHICH THE REPORT WOULD HAVE BEEN TIMELY FILED.  AS A RESULT, READERS
ARE ENCOURAGED TO CONSULT THE COMPANY'S REPORTS FOR PERIODS SUBSEQUENT TO THE
PERIOD FOR WHICH THIS REPORT HAS BEEN FILED TO OBTAIN CURRENT INFORMATION
REGARDING THE COMPANY.
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Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

Common Stock, $.001 par value                         16,486,831
-----------------------------                  ----------------------------
     Title of Class                            Number of Shares Outstanding
                                               as of March 22, 2002



                        PART I FINANCIAL INFORMATION

                        ITEM 1.  FINANCIAL STATEMENTS

                  LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
                             FINANCIAL STATEMENTS
                                 (UNAUDITED)

     The accompanying financial statements have been prepared by the
Company, without audit, in accordance with the instructions to Form 10-QSB
pursuant to the rules and regulations of the Securities and Exchange
Commission and, therefore may not include all information and footnotes
necessary for a complete presentation of the financial position, results of
operations, cash flows, and stockholders' equity in conformity with generally
accepted accounting principles.  In the opinion of management, all adjustments
(which include only normal recurring accruals) necessary to present fairly the
financial position and results of operations for the periods presented have
been made.  These financial statements should be read in conjunction with the
accompanying notes, and with the historical financial information of the
Company.
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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
Consolidated Balance Sheets

ASSETS

                                                   June 30,      December 31,
                                                    2001            2000
                                                -----------      -----------
                                                (Unaudited)
CURRENT ASSETS
 Cash                                          $      5,683     $      6,873
 Accounts receivable                                  1,227           12,746
                                                -----------      -----------
   Total Current Assets                               6,910           19,619
                                                -----------      -----------
PROPERTY AND EQUIPMENT
 Leasehold improvements                               5,371            5,371
 Furniture and fixtures                              99,358           99,358
 Equipment                                           48,372           48,372
 Accumulated depreciation                          (120,133)        (111,431)
                                                -----------      -----------
   Total Property and Equipment                      32,968           41,670
                                                -----------      -----------
TOTAL ASSETS                                   $     39,878     $     61,289
                                                ===========      ===========

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
 Accounts payable                              $    648,125     $    586,447
 Accrued interest                                   110,615           84,505
 Accrued wages                                      269,706          159,106
 Accrued distributions                              209,774          209,774
 Other accrued expenses                               6,013           13,104
 Notes payable, related parties                   1,058,000        1,063,000
                                                -----------      -----------
   Total Current Liabilities                      2,302,233        2,115,936
                                                -----------      -----------
STOCKHOLDERS' EQUITY (DEFICIT)
 Common stock, par value $0.001 per share;
  authorized 100,000,000 shares; issued and
  outstanding 15,872,561 shares                      15,873           15,873
 Additional paid-in capital                         807,688          807,688
 Accumulated deficit                             (3,085,916)      (2,878,208)
                                                -----------      -----------
   Total Stockholders' Equity (Deficit)          (2,262,355)      (2,054,647)
                                                -----------      -----------
TOTAL LIABILITIES AND STOCKHOLDERS'
 EQUITY (DEFICIT)                              $     39,878     $     61,289
                                                ===========      ===========


The accompanying notes are an integral part of these consolidated financial
statements.
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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
Consolidated Statements of Operations
(Unaudited)
<TABLE>
<CAPTION>

                                                 For the                      For the
                                            Three Months Ended            Six Months Ended
                                                 June 30,                      June 30,
                                           2001           2000            2001          2000
                                        -----------    -----------    -----------    -----------
<S>                                   <C>            <C>            <C>            <C>
NET SALES                              $    136,201   $    267,487   $    220,818   $    428,953

COST OF SALES                                    15         16,139            232         40,938
                                        -----------    -----------    -----------    -----------
GROSS MARGIN                                136,186        251,348        220,586        388,015
                                        -----------    -----------    -----------    -----------
EXPENSES
 Selling, general and administrative        171,652        422,913        393,482        981,429
 Depreciation and amortization                3,590         42,245          8,702         88,849
                                        -----------    -----------    -----------    -----------
   Total Expenses                           175,242        465,158        402,184      1,070,278
                                        -----------    -----------    -----------    -----------
(LOSS) BEFORE OTHER INCOME (EXPENSE)        (39,056)      (213,810)      (181,598)      (682,263)
                                        -----------    -----------    -----------    -----------
OTHER INCOME (EXPENSE)
 Interest income                                  -            157              -            457
 Interest expense                           (11,190)       (32,663)       (26,110)       (73,365)
 Loss on disposition of assets                    -        (70,808)             -        (70,808)
 Debt forgiveness                                 -         36,942              -         36,942
 Other income                                     -              -              -        150,000
                                        -----------    -----------    -----------    -----------
   Total Other Income (Expense)             (11,190)       (66,372)       (26,110)        43,226
                                        -----------    -----------    -----------    -----------
(LOSS) BEFORE INCOME TAXES                  (50,246)      (280,182)      (207,708)      (639,037)

INCOME TAXES                                      -              -              -              -
                                        -----------    -----------    -----------    -----------
NET (LOSS)                             $    (50,246)  $   (280,182)  $   (207,708)  $   (639,037)
                                        ===========    ===========    ===========    ===========
BASIC (LOSS) PER COMMON SHARE          $      (0.00)  $      (0.02)  $      (0.01)  $      (0.05)
                                        ===========    ===========    ===========    ===========
WEIGHTED AVERAGE COMMON SHARES
 OUTSTANDING                             15,872,561     13,842,561     15,872,561     13,478,545
                                        ===========    ===========    ===========    ===========
</TABLE>




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

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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
Consolidated Statements of Cash Flows
(Unaudited)
                                                         For the
                                                      Six Months Ended
                                                         June 30,
                                                    2001            2000
                                                -----------      -----------
CASH FLOWS FROM OPERATING ACTIVITIES
 Net (loss)                                    $   (207,708)    $   (639,037)
 Adjustments to reconcile net (loss) to net
  cash (used in) operating activities:
  Depreciation and amortization                       8,702           88,849
  Deferred charges                                        -           72,440
  Debt forgiveness                                        -          (36,942)
  Loss on disposition of assets                           -           70,808
 Changes in operating assets and liabilities:
  (Increase) decrease in accounts receivable         11,519          (29,186)
  (Increase) decrease in prepaid expenses                 -           10,750
  Increase (decrease) in accounts payable
   and accrued expenses                             191,297          282,067
                                                -----------      -----------
   Net Cash Provided by (Used in)
    Operating Activities                              3,810         (180,251)
                                                -----------      -----------
CASH FLOWS FROM INVESTING ACTIVITIES
 Proceeds from sale of fixed assets                       -           55,590
 Capital expenditures                                     -          (11,185)
 Payment of computer software costs                       -         (134,911)
                                                -----------      -----------
   Net Cash (Used in) Investing Activities                -          (90,506)

CASH FLOWS FROM FINANCING ACTIVITIES
 Advance from shareholder                                 -          115,000
 Principal payments under capital lease obligation        -          (62,081)
 Principal payments under notes payable              (5,000)        (150,000)
 Proceeds from issuance of common stock                   -          350,500
                                                -----------      -----------
   Net Cash Provided (Used by)
    Financing Activities                             (5,000)         253,419
                                                -----------      -----------
NET (DECREASE) IN CASH                               (1,190)         (17,338)

CASH AT BEGINNING OF YEAR                             6,873           20,892
                                                -----------      -----------
CASH AT END OF YEAR                            $      5,683     $      3,554
                                                ===========      ===========
SUPPLEMENTAL DISCLOSURES OF CASH FLOW
 INFORMATION
 Cash paid for:
  Interest                                     $          -     $     50,985
  Income Taxes                                 $          -     $          -

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

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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
Notes to the Consolidated Financial Statements
June 30, 2001 and December 31,2000

NOTE 1 -BASIS OF FINANCIAL STATEMENT PRESENTATION

The accompanying unaudited condensed financial statements have been prepared
by the Company pursuant to the rules and regulations of the Securities and
Exchange Commission.  Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted in accordance
with such rules and regulations.  The information furnished in the interim
condensed financial statements include normal recurring adjustments and
reflects all adjustments, which, in the opinion of management, are necessary
for a fair presentation of such financial statements.  Although management
believes the disclosures and information presented are adequate to make the
information not misleading, it is suggested that these interim condensed
financial statements be read in conjunction with the Company's audited
financial statements and notes thereto included in its December 31, 2000
Annual Report on Form 10-KSB.  Operating results for the six months ended June
30, 2001 are not necessarily indicative of the results that may be expected
for the year ending December 31, 2001.

NOTE 2 -GOING CONCERN

The Company's consolidated financial statements are prepared using generally
accepted accounting principles applicable to a going concern which
contemplates the realization of assets and liquidation of liabilities in the
normal course of business.  The Company has historically incurred significant
losses which have resulted in an accumulated deficit of $2,878,208 at December
31, 2000, a working capital deficit of approximately $2,100,000 and limited
internal financial resources.  These factors combined, raise substantial doubt
about the Company's ability to continue as a going concern.  The Company's
assets were entirely seized in August 2001 (a date subsequent to the periods
for which these financial statements have been presented).  Through some
additional funding in late 2001, the Company has been able to settle a large
majority of its outstanding debt.  The accompanying consolidated financial
statements do not include any adjustments relating to the recoverability and
classification of asset carrying amounts or the amount and classification of
liabilities that might result from the outcome of this uncertainty.


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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

Cautionary Statement Regarding Forward-looking Statements
---------------------------------------------------------
This report may contain "forward-looking" statements.  Examples of forward-
looking statements include, but are not limited to: (a) projections of
revenues, capital expenditures, growth, prospects, dividends, capital
structure and other financial matters; (b) statements of plans and objectives
of Lexon or its management or Board of Directors; (c) statements of future
economic performance; (d) statements of assumptions underlying other
statements and statements about Lexon and its business relating to the future;
and (e) any statements using the words "anticipate," "expect," "may,"
"project," "intend" or similar expressions.

THIS REPORT IS BEING FILED ON OR ABOUT MARCH 25, 2002, WHICH IS BEYOND THE
DATE ON WHICH THE REPORT WOULD HAVE BEEN TIMELY FILED AND MAY NOT CONTAIN
INFORMATION CONCERNING THE MORE RECENT ACTIVITIES OF THE COMPANY. THE
FOOTNOTES TO THE FINANCIAL STATEMENTS INCLUDED WITH THIS REPORT MAY CONTAIN
INFORMATION REGARDING THE COMPANY THAT OCCURRED SUBSEQUENT TO JUNE 30, 2001.
HOWEVER, THE READER SHOULD RELY ON INFORMATION CONTAINED IN REPORTS FOR MORE
RECENT PERIODS FILED SUBSEQUENT TO THIS REPORT.

General
-------
SUBSEQUENT TO THE END OF THE FISCAL PERIOD FOR WHICH THIS REPORT IS BEING
FILED, LEXON'S ASSETS WERE SEIZED DUE TO DEFAULT ON A LOAN AGREEMENT AND SOLD
AT PUBLIC AUCTION IN AUGUST 2001.  CURRENTLY, LEXON HAS NO BUSINESS
OPERATIONS.  RECENTLY, LEXON'S MANAGEMENT OBTAINED SOME BRIDGE FINANCING AND
IS SEEKING TO SETTLE OUTSTANDING DEBTS AND BECOME CURRENT IN ITS REPORTING
OBLIGATIONS UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.  MANAGEMENT IS ALSO EXPLORING POSSIBLE BUSINESS OPPORTUNITIES OR
COMBINATIONS ALTHOUGH NO DEFINITIVE TERMS OR AGREEMENTS HAVE BEEN ENTERED
INTO.

Results of Operations
---------------------
Three and Six Months ended June 30, 2001 compared to June 30, 2000
------------------------------------------------------------------
Our net sales decreased for the three months ended June 30, 2001 to $136,201
from $267,487 for the three months ended June 30, 2000.  During the first six
months of 2001 net sales decreased to $220,818 from $428,953 compared to the
same period in the prior year.  The primary factor in the general decrease of
the year-to-date sales is Lexon's shift from the retail market to what
management expected to be the more profitable commercial market and its focus
on developing the National Atlas project.

Our gross margin decreased during the three months ended June 30, 2001 to
$136,186 from $251,348 for the same period in the prior year.  For the six
month period ended June 30, 2001, gross margin decreased to $220,586 from
$388,015 for the same period in 2000.  A decrease in the cost of sales in the
periods ended June 30, 2001 compared to the prior year periods is due to the
fact that the majority of the sales revenue in 2001 came from licensing which
had no associated hard costs.

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Our selling, general and administrative expenses decreased to $171,652 for the
three months ended June 30, 2001 from $422,913 for the same period in 2000.
Selling, general and administrative expenses for the six month period ended
June 30, 2001 decreased to $393,482 from $981,429 for the same period in 2000.
The decrease for the three and six months in fiscal 2001 is primarily
attributable to the necessary reduction in Lexon's workforce because of lack
of operating funds.

Other expense for the three and six months ended June 30, 2001 was $11,190 and
$26,110 consisting of interest expense on loans and notes payable.  For the
comparable periods in 2000, significantly higher interest expenses of $32,663
and $73,365, respectively, and loss on disposition of assets of $70,800, were
offset by debt forgiveness of $36,942 due to a settlement of lease
obligations, and a payment of $150,000 received in settlement of an
outstanding lawsuit.

Our net loss decreased to $50,246 for the three months ended June 30, 2001,
with no basic loss per share, from $280,182 for the same period in 2000, with
basic loss per share of $.02.  For the six months of 2001, our net loss was
$207,708, or a basic loss per share of $0.01, compared to a loss of $639,037
for the same period in the prior year, with basic loss per share of $0.05.


Liquidity and Capital Resources
-------------------------------
At June 30, 2001, Lexon had a working capital deficit of $2,295,323 with cash
of $5,683 and accounts receivable of $1,227.  For the six months ended June
30, 2001 the primary source of liquidity was increases in accounts payable
and accrued expenses, compared with fiscal 2000 when Lexon received cash from
the issuance of notes payable and the issuance of common stock.  In addition,
in the first quarter of fiscal 2000, Lexon received $150,000 cash in
settlement of a pending lawsuit.

The net cash from operations was $3,810 for the six months ended June 30, 2001
compared to net cash used in operations of $180,251 for the same period in
2000.  Operations in 2001 were greatly reduced due to lack of resources.

Net cash used by investing activities was $0 for the six months ended June 30,
2001 compared to $90,506 used in the same period in the prior year, consisting
of payments for computer software and capital expenditures, offset by proceeds
from the sale of fixed assets.  In fiscal 2001, Lexon had no resources to
expend on investing activities.

Net cash used in financing activities was $5,000 for the six months ended June
30, 2001, due to principal payments of notes payable.  For the same period in
the prior year, net cash from financing activities was $253,419 derived from a
stockholder advance and the sale of common stock, offset by payments under a
capital lease and principal payments on notes payable.

In 2001 and 2000, Lexon has incurred significant losses which have resulted in
an accumulated deficit of $2,783,208 at December 31, 2000, a working capital
deficit and limited internal financial resources.  Accordingly, the report of
the auditors includes a going concern qualification raising substantial doubt
about Lexon's ability to continue as a going concern.  At June 30, 2001,
management was hoping to be being able to renegotiate favorable payment terms

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with some creditors and extend repayment terms with related parties on notes
payable.  However, Lexon's assets were entirely seized in August 2001, and its
operations ceased at that date.  Through recent bridge financing, Lexon has
been able to settle a substantial portion of its outstanding debt, and
management hopes to be able to find additional sources of funding and/or a
possible business opportunity or combination in order to recommence operations
during fiscal 2002, although no definitive terms or agreements for funding or
a business combination have been reached.  Lexon intends to include additional
information regarding management's efforts in subsequent reports.

PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

Lexon is not aware of any material pending or threatened litigation.

ITEM 2.  CHANGES IN THE RIGHTS OF THE COMPANY'S SECURITY HOLDERS
   None.

ITEM 3.  DEFAULT BY THE COMPANY ON ITS 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
(a) Exhibits
    --------
    None.

(b) Reports on Form 8-K
    -------------------
    None.

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.

LEXON TECHNOLOGIES, INC.

Date: March 25, 2002

/S/Kenneth J. Eaken, President,
   Chief Executive Officer and Principal Accounting Officer