<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, 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 June 30, 2003

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<PAGE> 2


                        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.

<PAGE>
<PAGE> 3

LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Balance Sheets

ASSETS

                                                    June 30,     December 31,
                                                      2003          2002
                                                   -----------   -----------
                                                   (Unaudited)
CURRENT ASSETS
 Cash and cash equivalents                        $      9,561  $     86,801
 Advances to related parties                            25,769        52,769
                                                   -----------   -----------
   Total Current Assets                                 35,330       139,570
                                                   -----------   -----------
PROPERTY AND EQUIPMENT, net                              8,100         8,074
                                                   -----------   -----------
OTHER ASSETS
 Investment, recorded at cost                          250,000             -
 Note receivable - related party                       167,224             -
 Other assets                                           16,398             -
                                                   -----------   -----------
   Total Other Assets                                  433,622             -
                                                   -----------   -----------
TOTAL ASSETS                                      $    477,052  $    147,644
                                                   ===========   ===========

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
 Accounts payable                                 $     11,780  $      5,811
 Accounts payable - related party                       24,567        15,126
 Note payable - related party                            6,689             -
 Convertible note payable                              167,224             -
 Accrued wages                                         253,000       172,500
                                                   -----------   -----------
   Total Current Liabilities                           463,260       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 income                              5,313             -
 Deficit accumulated during the development stage   (1,351,418)     (995,690)
                                                   -----------   -----------
   Total Stockholders' Equity (Deficit)               (447,082)     (506,667)
                                                   -----------   -----------
TOTAL LIABILITIES AND STOCKHOLDERS'
 EQUITY (DEFICIT)                                 $    477,052  $    147,644
                                                   ===========   ===========

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

<PAGE>
<PAGE> 4

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

<TABLE>
<CAPTION>
                                                                                                From Inception
                                                   For the                     For the         on July 18, 2001
                                             Three Months Ended           Six Months Ended          Through
                                                   June 30,                    June 30,             June 30,
                                              2003          2002          2003          2002          2003
                                           -----------   -----------   -----------   -----------   -----------
<S>                                     <C>           <C>           <C>           <C>           <C>
REVENUES                                  $          -  $          -  $          -  $          -  $          -
                                           -----------   -----------   -----------   -----------   -----------
EXPENSES
 Research and development                            -             -             -             -       405,000
 Selling, general and administrative           171,084       115,810       353,738       164,181       944,382
 Depreciation and amortization                   1,132           646         1,994         1,235         5,177
                                           -----------   -----------   -----------   -----------   -----------
   Total Expenses                              172,216       116,456       355,732       165,416     1,354,559
                                           -----------   -----------   -----------   -----------   -----------
LOSS FROM OPERATIONS                          (172,216)     (116,456)     (355,732)     (165,416)   (1,354,559)
                                           -----------   -----------   -----------   -----------   -----------
OTHER INCOME (EXPENSE)
 Interest income                                     4         1,450             4         3,137         3,141
                                           -----------   -----------   -----------   -----------   -----------
   Total Other Income (Expense)                      4         1,450             4         3,137         3,141
                                           -----------   -----------   -----------   -----------   -----------
NET LOSS                                      (172,212)     (115,006)     (355,728)     (162,279)   (1,351,418)
                                           -----------   -----------   -----------   -----------   -----------
OTHER COMPREHENSIVE INCOME
 Gain on foreign currency adjustments           10,709             -         5,313             -         5,313
                                           -----------   -----------   -----------   -----------   -----------
NET COMPREHENSIVE LOSS                    $   (161,503) $   (115,006) $   (350,415) $   (162,279) $ (1,346,105)
                                           ===========   ===========   ===========   ===========   ===========
BASIC LOSS PER SHARE                      $      (0.01) $      (0.01) $      (0.02) $      (0.01)
                                           ===========   ===========   ===========   ===========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING                  20,628,778    18,115,991    20,193,198    17,809,697
                                           ===========   ===========   ===========   ===========
</TABLE>






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

<PAGE>
<PAGE> 5

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 Six Months Ended     Through
                                                                June 30,             June 30,
                                                           2003          2002          2003
                                                        -----------   -----------   -----------
<S>                                                  <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net loss                                              $   (355,728) $   (162,279) $ (1,351,418)
 Adjustments to reconcile net loss to net cash
 (used) in operating activities:
  Depreciation and amortization                               1,994         1,235         5,177
  Stock for services                                              -             -        13,720
  Stock for technology                                            -             -       375,000
 Changes in assets and liabilities:
  Increase in other assets                                  (16,398)       (8,000)      (16,398)
  Change in currency conversion                               5,313             -         5,313
  Increase (decrease) in accounts payable
   and accrued expenses                                      95,910      (203,397)       76,116
                                                        -----------   -----------   -----------
   Net Cash (Used in) Operating Activities                 (268,909)     (372,441)     (892,490)
                                                        -----------   -----------   -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
 Cash paid for property and equipment                        (2,020)       (3,959)      (13,277)
 Cash paid for related party notes receivables             (167,224)      (27,000)     (234,993)
 Cash received from related party notes receivables          27,000         5,000        42,000
 Cash paid for investments                                 (250,000)            -      (250,000)
 Advances to officers                                             -        (6,500)            -
 Cash placed into escrow                                          -             -      (150,000)
 Cash received from escrow                                        -       150,000       150,000
 Cash paid for note receivable                                    -      (200,000)     (200,000)
 Note receivable converted in acquisition                         -       200,000       200,000
 Cash received in acquisition                                     -        34,408        34,408
                                                        -----------   -----------   -----------
   Net Cash Provided by (Used in) Investing Activities     (392,244)      151,949      (421,862)
                                                        -----------   -----------   -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
 Receipt of subscription receivable                               -       220,000       220,000
 Proceeds from related party notes                          173,913             -       173,913
 Cash received from issuance of common stock                410,000             -       930,000
                                                        -----------   -----------   -----------
   Net Cash Provided by Financing Activities                583,913       220,000     1,323,913
                                                        -----------   -----------   -----------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS        (77,240)         (492)        9,561

CASH AND CASH EQUIVALENTS AT BEG OF PERIOD                   86,801        36,134             -
                                                        -----------   -----------   -----------
CASH AND CASH EQUIVALENTS AT END OF PERIOD             $      9,561  $     35,642  $      9,561
                                                        ===========   ===========   ===========
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.

<PAGE>
<PAGE> 6

LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Notes to the Consolidated Financial Statements
June 30, 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 and six
months ended June 30, 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 $1,351,418 at June 30,
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 six months ended June 30, 2003 which has been used for
operations and investment acquisitions (See Note 3). 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.


<PAGE>
<PAGE> 7

LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Notes to the Consolidated Financial Statements
June 30, 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 (Lexon Korea) for the purpose
of entering into potential business combinations with Korean operating
entities.

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

During the three months ended June 30, 2003, the Company received $167,224
from a director of the Company pursuant to a convertible debenture agreement.
The note bears interest at 7.5% interest, matures on December 26, 2003 and is
convertible into 668,000 shares of the Company's stock at $0.25 per share at
any time upon the election of the Company and/or the holder, up until the
maturity date.  The $167,224 received pursuant to this note was then loaned to
NPC pursuant to a separate debenture agreement.  This note receivable bears
interest at 7.5% interest and matures on June 30, 2004.

The Company also received $6,689 pursuant to a promissory note from a related
entity during the three months ended June 30, 2003 to be used for operating
capital.  This promissory note includes 7.5% interest and matures on May 16,
2004.


<PAGE>
<PAGE> 8

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.

During the first quarter of 2003, the Company identified an opportunity in the
nanotechnology business. During the six months ended June 30, 2003, the
Company has focused its total attention to the investigation and evaluation of
the nanotechnology business, specifically the manufacture and sale of metal
nanoparticles.

Results of Operations
---------------------
Three Months and Six Months Ended June 30, 2003 compared to June 30, 2002
-------------------------------------------------------------------------
We had no revenues for the three and six months ended June 30, 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 and six months ended June 30, 2003 were
$172,216 and $355,732, respectively, consisting primarily of $171,084 and
$353,738 for general and administrative expenses. Operating expenses for the
prior year periods were $116,456 and $165,416, respectively.  The increase in
operating expenses during the six months ended June 30, 2003 from the same
period in 2002 reflects additional salaries and professional fees, travel,
consultation and due diligence expenses related to management's continuing
efforts to identify a business partner. Operating expenses for the six months
ended June 30, 2003 include a payment of $50,000 to Jehy Lah for accrued
salary and payments of $42,000 to Ben Hwang for accrued salary.  Operating
expenses since inception (July 18, 2001) total $1,354,559, consisting
primarily of $405,000 for research and development, and $944,382 for general
and administrative expenses.  Our net losses per share for the three and six
months ended June 30, 2003 were $0.01 and $0.02, respectively, based on a
weighted average of 20,628,778 and 20,193,198 shares outstanding.

<PAGE>
<PAGE> 9

Over the last six months management has been investigating and evaluating
potential business combination candidates in the area of nanotechnology,
specifically the manufacture and distribution of metal nanoparticles. On April
2, 2003, the Company acquired a 3% interest in Nano Plasma Center Company,
Ltd. ("NPC"), a development stage company headquartered in Daejon, Republic of
Korea. This $250,000 investment was made by the Company's subsidiary, Lexon
Korea Corporation. On June 30, 2003, the Company loaned NPC $167,224 for a
term of one year at 7.5% interest. This loan was offered to NPC as an
inducement to continue business combination efforts. Management hopes the
continued efforts of both companies will result in a mutually favorable
relationship, although no definitive agreement has been reached at this filing
date.

Provided that this or another business acquisition and/or partnership is
identified and consummated, with adequate funding for the acquisition and
operations obtained, we anticipate that operating expenses will increase
substantially as research and production staff is hired and sales and
marketing operations commence.

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 long term funding.

At June 30, 2003  we had negative working capital of $427,930.  We had cash
and cash equivalents of $9,561.  We also have related party advances of
$25,769.  We expect these advances to be repaid within the next twelve months.

Current liabilities at June 30, 2003 total $463,260, consisting primarily of
accounts payable of $11,780, accounts payable - related party of $24,567, and
accrued wages of $253,000. On June 30, 2003, we accepted a convertible note of
$167,224 from a related party payable on or before December 26, 2003. At the
election of the holder this note can be converted to common stock at $.25 per
share.

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 ($42,000) 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 six months ended June 30, 2003, cash flows used by operating
activities totaled $268,909 compared to $372,441 in the prior year period.
Our operating activities since inception have been funded by the sale of our
common stock and the issuance of a convertible note on June 30, 2003.

On April 2, 2003, we invested $250,000 in NPC for a 3% interest in the company
and on June 30, 2003 loaned an additional $167,224 to NPC.  In the prior year
period, we used $27,000 for a related party note receivable and made advances
to officers totaling $6,500.

Cash provided by financing activities consisted of $410,000 received from the
sale of our common stock, and $173,913 from related party notes, compared to
the prior year when we received $220,000 for payment of a subscription
receivable.

<PAGE>
<PAGE> 10

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.
NPC 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 significant 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.

ITEM 3. CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures. Our principal executive
and financial officer believes 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 July 25, 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

During the three months ended June 30, 2003, we received $167,224 from Kyu
Hong Hwang, one of our directors, pursuant to a convertible debenture
agreement.  The note bears interest at 7.5% interest, matures on December 26,
2003 and is convertible into 668,000 shares of the Company's stock at $0.25
per share at any time upon the election of the Company and/or the holder, up
until the maturity date.  The $167,224 received pursuant to this note was then
loaned to NPC pursuant to a separate debenture agreement.  This note
receivable bears interest at 7.5% interest and matures on June 30, 2004.

ITEM 3.  DEFAULT BY THE COMPANY ON ITS SENIOR SECURITIES

None.

<PAGE>
<PAGE> 11

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

We held a shareholders' meeting on May 20, 2003 in Newport Beach, California.
At the meeting, Kenneth Eaken, our president, announced that we had:

(1) Authorized a class of 10,000,000 shares of preferred stock with rights and
privileges to be designated by the board of directors; and

(2) Elected J. Jehy Lah, Kenneth J. Eaken, and, Kyu Hong Hwang to our board of
directors.

The affirmative written consent to the above actions of shares representing a
majority of the outstanding shares on the record date was required and
obtained to approve the authorization of the preferred stock and each
director's election.

ITEM 5.  OTHER INFORMATION

None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

Exhibit 31 - CERTIFICATION AS ADOPTED PURSUANT TO SECTION 302 OF THE
SARBANNES-OXLEY ACT OF 2002.

Exhibit 32 - 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.


                               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: August 19, 2003

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