<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, 2005


                      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)


           8 Corporate Park, Suite 300, Irvine, California  92606
           ------------------------------------------------------
                 (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                          34,183,778
-----------------------------                  ----------------------------
     Title of Class                            Number of Shares Outstanding
                                               as of June 30, 2005

<PAGE>
<PAGE> 2


                        PART I FINANCIAL INFORMATION

                        ITEM 1.  FINANCIAL STATEMENTS

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

ASSETS
                                                     June 30,    December 31,
                                                       2005         2004
                                                   -----------   -----------
                                                   (Unaudited)
CURRENT ASSETS
 Cash and cash equivalents                        $      1,883  $      7,001
 Accounts receivable                                         -           825
 Advances to related parties                                 -       268,407
 Prepaid expenses                                            -         1,022
 Inventory                                              30,337        14,134
 Interest receivable                                    29,000        21,749
 Note receivable - related party                       167,000       167,000
                                                   -----------   -----------
   Total Current Assets                                228,220       480,138
                                                   -----------   -----------
PROPERTY AND EQUIPMENT, net                          3,260,047     2,852,279
                                                   -----------   -----------
OTHER ASSETS
 Investments, recorded at cost                         261,667       261,667
 Investments, recorded under the equity method         115,111       115,111
 Goodwill                                            1,851,692     1,851,692
 Deposits and other assets                               6,873        13,607
                                                   -----------   -----------
   Total Other Assets                                2,235,343     2,242,077
                                                   -----------   -----------
TOTAL ASSETS                                      $  5,723,610  $  5,574,494
                                                   ===========   ===========








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

<PAGE>
<PAGE> 4

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

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                                                     June 30,    December 31,
                                                       2005         2004
                                                   -----------   -----------
                                                   (Unaudited)
CURRENT LIABILITIES
 Accounts payable                                 $  1,192,854  $    564,611
 Accounts payable - related parties                    448,120       313,560
 Accrued expenses                                    1,794,667     1,465,898
 Convertible notes payable                             118,575        58,000
 Notes payable, current                              1,397,602     1,635,603
                                                   -----------   -----------
   Total Current Liabilities                         4,951,818     4,037,672
                                                   -----------   -----------
LONG-TERM DEBT
 Notes payable                                         492,417       483,305
                                                   -----------   -----------
   Total Long-Term Debt                                492,417       483,305
                                                   -----------   -----------
   Total Liabilities                                 5,444,235     4,520,977
                                                   -----------   -----------

CONTINGENT LIABILITIES                                 460,874       460,874
                                                   -----------   -----------
STOCKHOLDERS' EQUITY (DEFICIT)
 Common stock, par value $0.001 per share;
  authorized 100,000,000 shares; 34,183,778
  shares issued and outstanding                         34,184        34,184
 Additional paid-in capital                          3,066,839     3,066,839
 Other comprehensive income (loss)                     (19,046)        6,318
 Deficit accumulated during the development stage   (3,263,476)   (2,514,698)
                                                   -----------   -----------
   Total Stockholders' Equity (Deficit)               (181,499)      592,643
                                                   -----------   -----------
TOTAL LIABILITIES AND STOCKHOLDERS'
 EQUITY (DEFICIT)                                 $  5,723,610  $  5,574,494
                                                   ===========   ===========

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

<PAGE>
<PAGE> 5

LEXON TECHNOLOGIES, INC. AND SUBSIDIARIES
(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,
                                              2005          2004          2005          2004          2005
                                           -----------   -----------   -----------   -----------   -----------
<S>                                     <C>           <C>           <C>           <C>           <C>
REVENUES                                  $          -  $          -  $          -  $          -  $          -
                                           -----------   -----------   -----------   -----------   -----------
EXPENSES
 Research and development                            -             -        24,192             -       429,436
 Selling, general and administrative           207,263       139,196       517,137       286,836     2,583,783
 Bad debt expense                                    -             -         5,335             -        41,276
 Depreciation and amortization                  70,292           963       142,182         1,927       152,991
                                           -----------   -----------   -----------   -----------   -----------
   Total Expenses                              277,555       140,159       688,846       288,763     3,207,486
                                           -----------   -----------   -----------   -----------   -----------
LOSS FROM OPERATIONS                          (277,555)     (140,159)     (688,846)     (288,763)   (3,207,486)
                                           -----------   -----------   -----------   -----------   -----------
OTHER INCOME (EXPENSE)
 Interest income                                 3,586         3,182         7,245         6,390        30,065
 Other income                                        -         2,000             -         5,000         6,000
 Loss on sale of assets                              -             -             -             -        (1,134)
 Gain on forgiveness of debt                         -             -             -             -        19,872
 Interest expense                              (33,554)       (5,250)      (67,177)       (9,923)     (110,793)
                                           -----------   -----------   -----------   -----------   -----------
   Total Other Income (Expense)                (29,968)          (68)      (59,932)        1,467       (55,990)
                                           -----------   -----------   -----------   -----------   -----------
NET LOSS                                      (307,523)     (140,227)     (748,778)     (287,296)   (3,263,476)
                                           -----------   -----------   -----------   -----------   -----------
OTHER COMPREHENSIVE INCOME (LOSS)
 Gain (loss) on foreign currency                43,711          (475)      (25,364)        2,054       (19,046)
                                           -----------   -----------   -----------   -----------   -----------
NET COMPREHENSIVE LOSS                    $   (263,812) $   (140,702) $   (774,142) $   (285,242) $ (3,282,522)
                                           ===========   ===========   ===========   ===========   ===========
BASIC LOSS PER SHARE                      $      (0.01) $      (0.01) $      (0.02) $      (0.01)
                                           ===========   ===========   ===========   ===========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING                  34,183,778    20,688,778    34,183,778    20,688,778
                                           ===========   ===========   ===========   ===========
</TABLE>




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

<PAGE>
<PAGE> 6

LEXON TECHNOLOGIES, INC. AND SUBSIDIARIES
(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,
                                                           2005          2004          2005
                                                        -----------   -----------   -----------
<S>                                                  <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                               $   (748,778) $   (287,296) $ (3,263,476)
Adjustments to reconcile net loss to net cash
 (used in) operating activities:
Depreciation and amortization                               142,182         1,927       152,938
Stock for services                                                -             -       263,720
Stock for technology                                              -             -       375,000
Bad debt expense                                              5,335        10,574        41,276
(Gain) on forgiveness of debt                                     -             -       (19,872)
Changes in assets and liabilities (net of acquisition)
Decrease in other assets                                      6,316         4,901         6,316
Increase in accounts receivable
 and accounts receivable, related                            (4,510)         (402)      (14,682)
Decrease in prepaid expenses                                  1,022             -         1,022
Increase in inventory                                       (16,203)            -       (16,203)
Increase in interest receivable                              (7,251)       (6,684)      (29,000)
Change in currency conversion                               (25,364)        2,054       (19,046)
Increase in accounts payable
   and accrued expenses                                     532,040       214,942     1,265,406
                                                        -----------   -----------   -----------
Net Cash (Used in) Operating Activities                    (115,211)      (59,984)   (1,256,601)
                                                        -----------   -----------   -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid for property and equipment                              -             -       (13,277)
Cash paid for related party notes receivables                     -             -      (235,554)
Cash received from related party notes receivables          268,407             -       310,407
Cash paid for investments                                         -        (3,334)   (1,846,667)
Cash placed into escrow                                           -             -      (150,000)
Cash received from escrow                                         -             -       150,000
Cash paid for note receivable                                     -             -      (200,000)
Note receivable converted in acquisition                          -             -       200,000
Cash received in acquisition                                      -             -        39,158
                                                        -----------   -----------   -----------
Net Cash Provided by (Used in) Investing Activities         268,407        (3,334)   (1,745,933)
                                                        -----------   -----------   -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
Receipt of subscription receivable                                -             -       220,000
Proceeds from related party notes                                 -             -       239,731
Proceeds from notes payable                                  75,575        45,000       148,575
Cash paid on notes payable                                 (233,889)            -      (248,889)
Cash received from issuance of common stock                       -             -     2,645,000
                                                        -----------   -----------   -----------
Net Cash Provided by (Used in) Financing Activities        (158,314)       45,000     3,004,417
                                                        -----------   -----------   -----------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS         (5,118)      (18,318)        1,883

CASH AND CASH EQUIVALENTS AT BEG OF PERIOD                    7,001        18,834             -
                                                        -----------   -----------   -----------
CASH AND CASH EQUIVALENTS AT END OF PERIOD             $      1,883  $        516 $       1,883
                                                        ===========   ===========   ===========
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                              $          -  $          -  $    263,720


</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.

<PAGE>
<PAGE> 7

LEXON TECHNOLOGIES, INC. AND SUBSIDIARIES
Notes to the Consolidated Financial Statements
June 30, 2005 and December 31, 2004


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, 2004
Annual Report on Form 10-KSB.  Operating results for the three and six months
ended June 30, 2005 are not necessarily indicative of the results that may be
expected for the year ending December 31, 2005.

NOTE 2 - LOSS PER SHARE

Following is a reconciliation of the loss per share for the three and six
months ended June 30, 2005 and 2004:

                                        For the
                                   Three Months Ended
                                         June 30,
                                    2005         2004
                                 ----------   ----------
Net (loss) available to
 common shareholders            $  (307,523) $  (140,227)
                                 ==========   ==========

Weighted average shares          34,183,778   20,688,778
                                 ==========   ==========

Basic loss per share (based
 on weighted average shares)    $     (0.01) $     (0.01)
                                 ==========   ==========

                                        For the
                                     Six Months Ended
                                         June 30,
                                    2005         2004
                                 ----------   ----------
Net (loss) available to
 common shareholders            $  (748,778) $  (287,296)
                                 ==========   ==========

Weighted average shares          34,183,778   20,688,778
                                 ==========   ==========

Basic loss per share (based
 on weighted average shares)    $     (0.02) $     (0.01)
                                 ==========   ==========

<PAGE>
<PAGE> 8

LEXON TECHNOLOGIES, INC. AND SUBSIDIARIES
Notes to the Consolidated Financial Statements
June 30, 2005 and December 31, 2004


NOTE 3 - 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 $3,263,476 at June 30,
2005, a working capital deficit of approximately $4,724,000, and limited
internal financial resources.  These factors combined, raise substantial doubt
about the Company(s ability to continue as a going concern.  The Company was
able to raise an additional $1,700,000 through the issuance of common stock
during the year ended December 31, 2004 which was used primarily for the
acquisition of Techone Company, Ltd. (Techone), a Republic of South Korea
corporation, through an investment of $1,585,000 (for an approximate 90%
interest). However, as discussed in Note 4, the majority of Techone's assets
were seized and sold at auction on June 21, 2005 to satisfy certain secured
creditors.  This transfer of assets has not been recorded by the Company at
June 30, 2005 since the Korean courts are not expected to finalize the
transfer of assets and payment to the creditors until at least August 19,
2005. Management is negotiating with the acquirer for a lease arrangement to
allow the Company to continue operations and use the Techone facilities but no
definitive agreement has been reached. 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 4 - MATERIAL EVENTS

On June 21, 2005, in the District Administrative Court in Pyeongtaek, Korea,
the tangible assets of Techone were auctioned to the highest bidder to satisfy
the interest of the secured creditors.  The result of the auction was the
transfer of the assets to an unrelated party for the sum of 3,472,000,000
Korean won (approximately $3,356,000 at June 30, 2005).  Per the relevant
auction requirements, the buyer paid a 20% deposit with the balance amount
paid on July 21, 2005.  The proceeds of the auction will be distributed by the
court to satisfy the secured creditors and as many unsecured creditors as
possible. However, it is currently unknown as to whom the courts will pay and
how much.  As discussed above, this transfer of assets has not been recorded
by the Company at June 30, 2005 since the Korean courts are not expected to
finalize the transfer of assets and payment to the creditors until at least
August 19, 2005. Accordingly, at June 30, 2005, no adjustments have been made
to the assets and liabilities of Techone until it is determined by the courts
the amounts to be paid and which assets were effectively sold.  The transfer
of the assets and payments of the liabilities of Techone will be recorded
during the third quarter of 2005.

The Company is currently in discussions with the buyer for a possible
leaseback arrangement of the purchased building and certain equipment and
management is confident that these discussions will be fruitful.  If so,
operations will continue in the Pyeongtaek facility.  At this point, the
Company expects to reach an agreement that will require it to pay rent on the
facilities and equipment, although the outcome of these discussions in
currently unknown.



<PAGE>
<PAGE> 9

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
-------
Effective December 8, 2004, we acquired a majority control (90.16%) of Techone
Company, Ltd., a Republic of South Korea corporation ("Techone"), through an
investment of $1,585,000 financed through the sale of our restricted common
stock to two accredited investors.  Techone is a corporation that manufactures
and sells Low Temperature Cofired Ceramic (LTCC) components, including LTCC
wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED)
displays and related products for the semiconductor testing and measurement,
custom Printed Circuit Board (PCB), and cellular phone industries. The
manufacturing process is a patented method for producing low temperature
cofired ceramic electronic components.  We intend to operate Techone as a
majority-owned subsidiary and the business of Techone will be the operating
business of the Company going forward. However, most of Techone's assets were
seized and sold at auction on June 21, 2005 to satisfy certain secured
creditors.  Management is negotiating with the acquirer for a leaseback
arrangement to allow the Company to continue operations and use the Techone
facilities but the outcome of the negotiations is not certain at this time.

Because of the above acquisition, comparisons to the prior year period in
which we had no operations may not be useful in determining the results of
planned operations going forward.

Results of Operations
---------------------
Six Months Ended June 30, 2005 compared to June 30, 2004
------------------------------------------------------------
Revenues.  We had no revenues for the six months ended June 30, 2005 and 2004.
We anticipate revenues over the next fiscal year from the operation of
Techone, our newly acquired majority owned subsidiary and, at this filing
date, operations are continuing.  However, on June 21, 2005, the land,
building and approximately half of the manufacturing equipment were sold at
auction to satisfy certain secured creditors.  Management is negotiating with
the acquirer to enter into a leaseback arrangement in order to be able to
continue operations and continue using the facilities. Therefore, any
anticipated revenues are subject to the successful outcome of these
negotiations.

Operating expenses for the six months ended June 30, 2005 were $688,846,
consisting of $517,137 in selling, general and administrative expenses,
$24,192 in research and development, $142,182 in depreciation and
amortization, and $5,335 in bad debt expense. Operating expenses for the six
months ended June 30, 2004 were $288,763, consisting primarily of $286,836 for
general and administrative expenses.

<PAGE>
<PAGE> 10

The increase in operating expenses during the six months ended June 30, 2005
from the same period in 2004 reflects expenses associated with the operation
of Techone for the current period. All expenses in 2004 were associated with
maintenance of minimal office facilities, travel, due diligence and consulting
expenses associated with the search for a business opportunity, and legal and
accounting expenses related to our public filings.

Operating expenses since inception (July 18, 2001) total $3,207,486.  Our net
loss per share for the six months ended June 30, 2005 was $0.02, based on a
weighted average of 34,183,778 shares outstanding.

Other expense for the six months ended June 30, 2005 consisted of $67,177 in
interest expense offset by $7,245 in interest income. Other income for the
prior year period was $1,467, including interest and other income offset by
interest expense.

Assuming negotiations with the acquirer of Techone's assets (see above) are
successful, management expects operating expenses to increase for the balance
of the fiscal year due to the operation of Techone. Management plans to raise
additional funds to continue and sustain operations of Techone through debt or
equity financing.

Liquidity and Capital Resources
-------------------------------
Our primary source of liquidity has been cash proceeds from the sale of our
common stock and convertible debentures.  We anticipate that we will need to
raise significant additional capital to fund operations of Techone.  At this
date we have no agreements or commitments for long term funding.

At June 30, 2005, we had current assets of $228,220 and current liabilities of
$4,951,818 for negative working capital of $4,723,598.  Current assets
consisted primarily of inventory, a note receivable from a related party and
interest receivable.

At June 30, 2005, we had property and equipment, net totaling $3,260,047.  We
had other assets of $376,778 in investments, deposits and other assets of
$6,873, and goodwill associated with the acquisition of Techone of $1,851,692,
for total assets of $5,723,610.

Current liabilities at June 30, 2005, consisted of accounts payable of
$1,192,854, accounts payable - related parties of $448,120, accrued expenses
of $1,794,667, convertible notes payable of $118,575 and the current portion
of notes payable of $1,397,602. Long-term debt totaled $492,417 for notes
payable, for total liabilities of $5,444,235.

For the six months ended June 30, 2005, net cash flows used in operating
activities totaled $115,211 compared to net cash flows used in operating
activities of $59,984 in the prior year period.  Our operating activities
since inception have been funded by the sale of our common stock and the
issuance of convertible notes and promissory notes.

For the six months ended June 30, 2005, net cash provided by investing
activities totaled $268,407 for cash received on a related party note
receivable. For the six months ended June 30, 2004, cash flows used by
investing activities totaled $3,334.


<PAGE>
<PAGE> 11

Net cash used in financing activities for the six months ended June 30, 2005
consisted of $158,314, including cash paid on notes payable offset by proceeds
from notes payable.  In the prior year period, cash provided by financing
activities totaled $45,000 in proceeds from notes payable.

To date, our source of liquidity has been proceeds from the sale of our common
stock and notes payable to finance operations and business activities.  In
each year we incurred significant losses which have resulted in an accumulated
deficit of $3,263,476 at June 30, 2005, a working capital deficit and limited
internal financial resources.  Accordingly, our financial statements includes
a going concern qualification raising substantial doubt about Lexon's ability
to continue as a going concern. Our management hopes to be able to raise
additional funds to continue and sustain operations of Techone through debt or
equity financing.  Management estimates that approximately $1,000,000 will be
needed to accomplish these tasks, to continue development and production
activities and deploy a new and invigorated sales and marketing effort.
Management hopes to obtain such financing in the next 60 days but no
commitments have been received to date. If management is successful, the
Company also intends to seek additional longer term capital to continue to
develop the business and also to pursue acquisitions of other synergistic
operating companies in order to develop profitable operations.


ITEM 3. CONTROLS AND PROCEDURES

Our principal executive and financial officer has participated with management
in the evaluation of effectiveness of the controls and procedures required by
paragraph (b) of Rule 13a-15 or Rule 15d-15 under the Exchange Act as of the
end of the period covered by this report.  Based on that evaluation, our
principal executive and financial officer believes that our disclosure
controls and procedures (as defined in Rule 13a-15(e) or Rule 15d-15(e) under
the Exchange Act) are effective as of the end of the period covered by the
report.  There have been no changes in our internal controls that have
materially affected, or are reasonably likely to materially affect, our
internal controls over financial reporting during the period covered by this
report.


PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

On April 19, 2005, in the District Administrative Court in Pyeongtaek, Korea,
the tangible assets of Techone, the Company's recently acquired majority owned
subsidiary, were auctioned to the highest bidder to satisfy the interest of
the secured creditors.  The bid winner failed to complete payment by the May
25, 2005 due date and the auction was rescheduled for June 21, 2005, at which
time a new bidder acquired the assets, paid a 20% deposit and subsequently
completed payment on July 21, 2005. The proceeds of the auction will be
distributed by the court to satisfy the secured creditors and as many
unsecured creditors as possible. The Korean courts are not expected to
finalize the transfer of assets and payment to the creditors until at least
August 19, 2005.

ITEM 2.  CHANGES IN SECURITIES

None.


<PAGE>
<PAGE> 12

ITEM 3.  DEFAULT BY THE COMPANY ON ITS SENIOR SECURITIES

None.

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

No matters were submitted to the shareholders during the quarter ended June
30, 2005.

ITEM 5.  OTHER INFORMATION

None.

ITEM 6.  EXHIBITS

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.


                               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 12, 2005

/S/Kenneth J. Eaken, CEO
Principal Executive and Financial Officer