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                     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 March 31, 2003


                      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)



             18001 Cowan, Suite G-H, Irvine, California 92614
             ------------------------------------------------
                 (Address of Principle Executive Offices)


                             (949)477-4000
           --------------------------------------------------
          (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 X   No       (2) Yes X   No
       ---    ---           ---    ---

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                        20,628,778
-----------------------------                  ----------------------------
     Title of Class                            Number of Shares Outstanding
                                               as of March 31, 2003

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                        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
(A Development Stage Company)
Consolidated Balance Sheets

ASSETS

                                                    March 31,    December 31,
                                                      2003          2002
                                                   -----------   -----------
                                                   (Unaudited)
CURRENT ASSETS
 Cash and cash equivalents                        $    344,150  $     86,801
 Advances to related parties                            52,769        52,769
                                                   -----------   -----------
   Total Current Assets                                396,919       139,570
                                                   -----------   -----------
PROPERTY AND EQUIPMENT, net                              7,212         8,074
                                                   -----------   -----------

TOTAL ASSETS                                      $    404,131  $    147,644
                                                   ===========   ===========



LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
 Accounts payable                                 $      5,312  $      5,811
 Accounts payable - related party                       26,774        15,126
 Accrued wages                                         196,750       172,500
                                                   -----------   -----------

   Total Current Liabilities                           228,836       193,437
                                                   -----------   -----------

CONTINGENT LIABILITIES                                 460,874       460,874
                                                   -----------   -----------

STOCKHOLDERS' EQUITY (DEFICIT)
 Common stock, par value $0.001 per share;
  authorized 100,000,000 shares; 20,628,778 and
  19,548,778 shares issued and outstanding,
  respectively                                          20,629        19,549
 Additional paid-in capital                            878,394       469,474
 Other comprehensive loss                               (5,396)            -
 Deficit accumulated during the development stage   (1,179,206)     (995,690)
                                                   -----------   -----------

   Total Stockholders' Equity (Deficit)               (285,579)     (506,667)
                                                   -----------   -----------

TOTAL LIABILITIES AND STOCKHOLDERS'
 EQUITY (DEFICIT)                                 $    404,131  $    147,644
                                                   ===========   ===========


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

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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Operations
(Unaudited)

                                                              From Inception
                                             For the         on July 18, 2001
                                       Three Months Ended         Through
                                             March 31,            March 31,
                                        2003          2002          2003
                                     -----------   -----------   -----------
REVENUES                            $          -  $          -  $          -
                                     -----------   -----------   -----------
EXPENSES
 Research and development                      -             -       405,000
 Selling, general and administrative     182,654        48,372       773,298
 Depreciation and amortization               862           589         4,045
                                     -----------   -----------   -----------
   Total Expenses                        183,516        48,961     1,182,343
                                     -----------   -----------   -----------
LOSS FROM OPERATIONS                    (183,516)      (48,961)   (1,182,343)
                                     -----------   -----------   -----------
OTHER INCOME (EXPENSE)
 Interest income                               -         1,687         3,137
                                     -----------   -----------   -----------
   Total Other Income (Expense)                -         1,687         3,137
                                     -----------   -----------   -----------
NET LOSS                                (183,516)      (47,274)   (1,179,206)
                                     -----------   -----------   -----------
OTHER COMPREHENSIVE LOSS
 Loss on foreign currency adjustments     (5,396)            -        (5,396)
                                     -----------   -----------   -----------
NET COMPREHENSIVE LOSS              $   (188,912) $    (47,274) $ (1,184,602)
                                     ===========   ===========   ===========
BASIC LOSS PER SHARE                $      (0.01) $      (0.00)
                                     ===========   ===========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING            19,752,778    17,500,000
                                     ===========   ===========







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

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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Cash Flows
(Unaudited)
<TABLE>
CAPTION>
                                                                                 From Inception
                                                                                 on July 18, 2001
                                                        For the Three Months Ended   Through
                                                                March 31,            March 31,
                                                           2003          2002          2003
                                                        -----------   -----------   -----------
<S>                                                  <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                               $   (183,516) $    (47,274) $ (1,179,206)
Adjustments to reconcile net loss to net cash
 (used) in operating activities:
Depreciation and amortization                                   862           589         4,045
Stock for services                                                -             -        13,720
Stock for technology                                              -             -       375,000
Changes in assets and liabilities:
Increase in other assets                                          -        (1,687)            -
Change in currency conversion                                (5,396)            -        (5,396)
Increase (decrease) in accounts payable
   and accrued expenses                                      35,399        (3,438)       15,605
                                                        -----------   -----------   -----------
Net Cash (Used) in Operating Activities                    (152,651)      (51,810)     (776,232)
                                                        -----------   -----------   -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid for property and equipment                              -             -       (11,257)
Cash paid for related party notes receivables                     -        (1,000)      (67,769)
Cash received from related party notes receivables                -             -        15,000
Advances to officers                                              -       (40,805)            -
Cash placed into escrow                                           -             -      (150,000)
Cash received from escrow                                         -       150,000       150,000
Cash paid for note receivable                                     -      (150,000)     (200,000)
Note receivable converted in acquistion                           -             -       200,000
Cash received in acquisition                                      -             -        34,408
                                                        -----------   -----------   -----------
Net Cash Used in Investing Activities                             -       (41,805)      (29,618)
                                                        -----------   -----------   -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
Receipt of subscription receivable                                -       220,000       220,000
Cash received from issuance of common stock                 410,000             -       930,000
                                                        -----------   -----------   -----------
Net Cash Provided by Financing Activities                   410,000       220,000     1,150,000
                                                        -----------   -----------   -----------
NET INCREASE IN CASH AND CASH EQUIVALENTS                   257,349       126,385       344,150

CASH AND CASH EQUIVALENTS AT BEG OF PERIOD                   86,801        36,134             -
                                                        -----------   -----------   -----------
CASH AND CASH EQUIVALENTS AT END OF PERIOD             $    344,150  $    162,519  $    344,150
                                                        -----------   -----------   -----------
SUPPLEMENTAL CASH FLOW INFORMATION

Cash Payments For:
Interest                                               $          -  $          -  $          -
Income taxes                                           $          -  $          -  $          -

Non-Cash Investing and Financing Activities
Stock issued for technology                            $          -  $          -  $    375,000
Stock issued for services                              $          -  $          -  $     13,720

</TABLE>



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

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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Notes to the Consolidated Financial Statements
March 31, 2003 and December 31, 2002


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, 2002
Annual Report on Form 10-KSB.  Operating results for the three months ended
March 31, 2003 are not necessarily indicative of the results that may be
expected for the year ending December 31, 2003.

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 $1,179,206 at March
31, 2003 and limited internal financial resources.  These factors combined,
raise substantial doubt about the Company's ability to continue as a going
concern.  The Company was able to raise an additional $410,000 through the
issuance of common stock during the three months ended March 31, 2003 which
will be used for operations and investment acquisitions (See Note 4). 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.  It is the intent of management to continue to
raise additional funds to sustain operations and to pursue acquisitions of
operating companies in order to generate future profits for the Company.

NOTE 3 - MATERIAL EVENTS

On January 17, 2003, the Company issued 120,000 shares of common stock to a
private investor at $0.835 per share for total proceeds of $100,000.

On January 31, 2003, the Company issued 120,000 shares of common stock to a
private investor at $0.835 per share for total proceeds of $100,000.

On March 28, 2003, the Company issued 840,000 shares of common stock to a
related party at $0.25 per share for total proceeds of $210,000.


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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Notes to the Consolidated Financial Statements
March 31, 2003 and December 31, 2002


NOTE 3 - MATERIAL EVENTS (Continued)

On March 18, 2003, the Company incorporated a wholly-owned subsidiary in the
Republic of Korea named Lexon Korea Corporation for the purpose of entering
into potential business combinations with Korean operating entities (See Note
4).

NOTE 4 - SUBSEQUENT EVENT

Effective April 2, 2003, Lexon Korea Corporation invested a total of $250,000
for an initial approximate three percent (3%) ownership (30,000 shares) in a
Republic of Korea entity called NPC Corporation.  The investment will be
recorded at the Company's initial cost of $250,000.

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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 our management or Board of Directors; (c) statements of future economic
performance; (d) statements of assumptions underlying other statements and
statements about us and our business relating to the future; and (e) any
statements using the words "anticipate," "expect," "may," "project," "intend"
or similar expressions.

General
-------
The Company was formed in July of 2001 to commercialize a proprietary device
and proprietary software package that reduces the amount of electricity
required to power various indoor lighting devices in commercial buildings,
factories, and office structures, as well as outdoor street and parking lot
lighting. Since inception, our business activities have included raising
capital, developing prototype devices and attempting to establish a marketing
and sales distribution network.  Because market conditions and competition
have increased substantially in this area, we have shifted our primary focus
to seeking joint venture partners, business acquisitions and business
alliances in an effort to commence business operations outside the electrical
products area, although we have not reached any definitive agreements to date.

Results of Operations
---------------------
Three Months Ended March 31, 2003 compared to March 31, 2002
------------------------------------------------------------
We had no revenues for the three months ended March 31, 2003 and have had no
revenues from inception (July 18, 2001) to date.  Until an appropriate
business opportunity is identified, we cannot predict when or if we will be
able to generate revenues from operations.

Operating expenses for the three months ended March 31, 2003 were $183,516,
consisting primarily of $182,654 for general and administrative expenses.
Operating expenses for the prior year period was $48,961.  The increase in
operating expenses from the same period in 2002 includes a payment of $50,000
to Jehy Lah for accrued salary and a payment of $12,000 to Ben Hwang for
accrued salary.  The remaining increase reflects additional accrued salaries,
travel, consultation and due diligence expenses related to management's
continuing efforts to identify a business partner.  Operating expenses since
inception (July 18, 2001) total $1,182,343, consisting primarily of $405,000
for research and development, and $773,298 for general and administrative
expenses.  Our net loss per share for the three months ended March 31, 2003
was $0.01, based on a weighted average of 19,752,778 shares outstanding.

Management hopes to keep expenses to a minimum in the next twelve months or
until a business opportunity is identified. Provided a business acquisition
and/or partnership is identified and adequate funding is found, we anticipate
that operating expenses will increase substantially as research and production
staff is hired and sales and marketing operations commence.

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Liquidity and Capital Resources
-------------------------------
Our primary source of liquidity has been cash proceeds from the sale of our
common stock.  We anticipate that we will need to raise significant additional
capital to complete a business acquisition.  At this date we have no
agreements or commitments for funding.

At March 31, 2003, we had a working capital of $168,083.  We had cash and cash
equivalents of $344,150.  We also have related party advances of $52,769.  We
expect these advances to be repaid within the next twelve months.

Current liabilities at March 31, 2003 total $228,836, consisting primarily of
accounts payable of $5,312, accounts payable - related party of $26,774, and
accrued wages of $196,750.  In August 2002, we entered into an oral agreement
to pay J. Jehy Lah, the chairman of our board of directors, a salary of
$135,000 per year.  We also entered into an oral agreement to pay Ben Hwang,
our Secretary, a salary of $85,000 per year.  Other than the payments of
accrued salary amounts to Mr. Lah ($50,000) and Mr. Hwang ($12,000) listed
above (see Results of Operations), these salaries and the salary of Kenneth
Eaken, our C.E.O. and President, are all being accrued until such time as
operating revenues or other funds are available sufficient to pay the accrued
amounts.

For the three months ended March 31, 2003, cash flows used by operating
activities totaled $152,651, compared to $51,810 in the prior year period.
Our operating activities since inception have been funded by the sale of our
common stock.

We did not engage in any investing activities in the three months ended March
31, 2003.  In the prior year period, we used $41,805 for a related party note
receivable ($1,000) and advances to officers ($40,805).

Cash provided by financing activities consisted of $410,000 received from the
sale of our common stock, compared to the prior year when we received $220,000
for payment of a subscription receivable.

On March 18, 2003, we incorporated a wholly-owned subsidiary in the Republic
of Korea named Lexon Korea Corporation.  This subsidiary was formed to
facilitate entering into potential business combinations with Korean operating
entities.  On April 2, 2003, this subsidiary invested a total of $250,000 for
an approximate 3% equity ownership in a private Republic of Korea entity, NPC
Corporation.  NPC Corporation is an entity which controls the worldwide
marketing rights to certain nanotechnology.  Management is actively engaged in
discussions concerning the acquisition of this entity and is seeking the
necessary financing to complete the acquisition.

Because we have had no operations, have an operating loss and are dependent on
financing to continue operations, our financial statements contain a going
concern qualification.  We intend to continue to seek financing from
traditional lending sources, loans from or private sales of our securities to
our existing officers, directors, and shareholders, or such other debt or
equity offerings that may be available to us.  There is no assurance that we
will be able to obtain funding when and if needed, or that such funding, if
available, can be obtained on terms reasonable or acceptable to us.

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ITEM 3. CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures. We believe our
disclosure controls and procedures (as defined in Sections 13a-14(c) and 15d-
14(c) of the Securities Exchange Act of 1934, as amended) are adequate, based
on our evaluation of such disclosure controls and procedures on May 1, 2003.

(b) Changes in internal controls. There were no significant changes in our
internal controls or in other factors that could significantly affect these
controls subsequent to the date of their evaluation.

PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

We are not aware of any material pending or threatened litigation.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

In January 2003, we issued 240,000 shares of our common stock to two private
investors at $0.835 per share for total proceeds of $200,000.

In March 2003, we issued 840,000 shares of our common stock to the spouse of
Kyu Hong Hwang who is a director, at $0.25 per share for total proceeds of
$210,000.

The shares issued in the foregoing transactions were issued in reliance on the
exemption from registration and prospectus delivery requirements of the Act
set forth in Section 3(b) and/or Section 4(2) of the Securities Act and the
regulations promulgated thereunder.

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

We have scheduled a shareholders' meeting to be held Tuesday, May 20, 2003,
9:00am PST, at the Dry Creek Room, Sutton Place Hotel, 4500 MacArthur Blvd.,
Newport Beach, CA 92660.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
    --------
Exhibit 99 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002.

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

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of  1934, we have
duly caused this report to be signed on our behalf by the undersigned,
thereunto duly authorized.

LEXON TECHNOLOGIES, INC.

Date: May 14, 2003

/S/Kenneth J. Eaken, President, C.E.O. and C.F.O.

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                              CERTIFICATIONS

I, Kenneth J. Eaken, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Lexon Technologies,
Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness
of the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function);

a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal control;
and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether of not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: May 14, 2003                               /S/Kenneth J. Eaken
                                                 Principal Executive Officer
                                                 Principal Financial Officer