SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 10-QSB

                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

For Quarter Ended September 30, 1995               Commission File No.:  0-12746

                              HART INDUSTRIES, INC.
             (Exact name of registrant as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   87-0399267
                     (I.R.S. Employer Identification Number)

                  2 Park Plaza, Suite 470, Irvine, California
                    (Address of principal executive offices)

                                     92614
                                   (Zip Code)

                                 (714) 553-3279
              (Registrant's telephone number, including area code)

                                       N/A
                 (Former Address, if changed since last report)

                                       N/A
                 (Former Zip Code, if changed since last report)

                                       N/A
             (Former telephone number, if changed since last report)

         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 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.

                                 Yes              No X

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

         As  of  September  30,  1995,   there  were  1,730,960  shares  of  the
Registrant's $.01 par value common stock issued and outstanding.

                                                          Total No. of Pages: 14

                                                           [HART\10Q\HRT93095]-6

<PAGE>



                              HART INDUSTRIES, INC.
                                      INDEX

                                                                            Page

                                     PART I

Item 1.   Financial Statements

          Balance Sheets - September 30, 1995 (unaudited) and
            December 31, 1994 (audited) ...................................1

          Statements of Operations - Three and Nine Months Ended
             September 30, 1995 and 1994 (unaudited) ......................2

          Statements of Cash Flows - Nine Months Ended September 30, 1995
             (unaudited) and September 30, 1994 (unaudited) ...............3

          Notes to Financial Statements (unaudited) .......................4

Item 2.   Management's Discussion and Analysis of

          Financial Condition and Results of Operations ...................7

                                                      PART II

Item 1.   Legal Proceedings................................................9

Item 2.   Changes In Securities............................................9

Item 3.   Defaults Upon Senior Securities..................................9

Item 4.   Submission of Matters to a Vote of Security Holders..............9

Item 5.   Other Information................................................9

Item 6.   Exhibits and Reports on Form 8-K.................................9

                                                         I

                                                           [HART\10Q\HRT93095]-6


<PAGE>

<TABLE>
<CAPTION>


                              HART INDUSTRIES, INC.
                                 Balance Sheets
                    As of September 30, 1995 (Unaudited) and
                           December 31, 1994 (Audited)

                                                                                    September 30,           December 31,
                                                                                         1995                   1994
                                                                                ---------------------- ---------------------
                                                                                     (Unaudited)             (Audited)
<S>                                                                             <C>                    <C>

ASSETS
Current Assets:
 Cash and cash equivalents                                                      $               1,885  $                 185
                                                                                ---------------------- ---------------------
   Total Current Assets                                                                         1,885                    185
Property and equipment                                                                              -                 61,910
                                                                                ---------------------- ---------------------
TOTAL ASSETS                                                                    $               1,885  $              62,095
                                                                                ====================== =====================
Current Liabilities:
 Accounts payable and accrued expenses                                          $              76,064  $               5,474
 Due to affiliates                                                                            100,500                 56,000
                                                                                ---------------------- ---------------------
   Total Current Liabilities                                                                  176,564                 61,474
Stockholders' Deficiency:
 Common stock - par value $.01; authorized  50,000,000 shares;  1,730,960 shares
 issued and outstanding, as of September 30, 1995
  and December 31, 1994                                                                        17,310                 17,310
 Additional paid-in capital                                                                 5,252,948              5,252,948
 Accumulated deficit                                                                       (5,444,937)            (5,269,637)
                                                                                ---------------------- ----------------------
   Total Stockholders' Deficiency                                                            (174,679)                   621
                                                                                ---------------------- ----------------------

TOTAL LIABILITIES AND STOCKHOLDERS'
   DEFICIENCY                                                                   $               1,885  $              62,095
                                                                                ====================== ======================

</TABLE>

              See accompanying notes to these financial statements

                                                           [HART\10Q\HRT93095]-6

                                                         1

<PAGE>

<TABLE>
<CAPTION>

                              HART INDUSTRIES, INC.
                            Statements of Operations
                       For the Three and Nine Months Ended
                     September 30, 1995 and 1994 (Unaudited)



                                               For the Three Months Ended                      For the Nine Months Ended
                                                      September 30,                                   September 30,
                                         ---------------------------------------      --------------------------------------------
                                                 1995               1994                       1995                   1994
                                         ------------------- -------------------      ----------------------  --------------------
                                              (Unaudited)        (Unaudited)                (Unaudited)            (Unaudited)
<S>                                      <C>                 <C>                      <C>                     <C>

Revenues:
  Interest and other                     $                -  $           18,750       $                   -   $            56,250
                                         ------------------- -------------------      ----------------------  --------------------
      Totals                                              -              18,750                           -                56,250
                                         ------------------- -------------------      ----------------------  --------------------
Costs and expenses:
 Gain on sale of assets                             (10,800)                  -                     (10,800)                    -
 General and administrative                          59,337              65,570                     186,100               115,037
 Impairment of long lived assets                          -           2,813,474                           -             2,813,474
                                         ------------------- -------------------      ----------------------  --------------------
     Totals                                          48,537           2,879,044                     175,300             2,928,511
                                         ------------------- -------------------      ----------------------  --------------------
Net loss                                 $          (48,537) $       (2,860,294)      $            (175,300)  $        (2,872,261)
                                         =================== ===================      ======================  ====================
Net loss applicable to
 common stock                            $          (48,537) $       (2,860,294)      $            (175,300)  $        (2,872,261)
                                         =================== ===================      ======================  ====================
Net loss per common share                $            (.028) $           (2.492)      $               (.101)  $            (4.218)
                                         =================== ===================      ======================  ====================
Weighted average common
 shares outstanding                                1,730,960          1,147,628                   1,730,960               680,962
                                         =================== ===================      ======================  ===================

</TABLE>

              See accompanying notes to these financial statements

                                                           [HART\10Q\HRT93095]-6

                                                         2

<PAGE>

<TABLE>
<CAPTION>

                              HART INDUSTRIES, INC.
                            Statements of Cash Flows
        For the Nine Months Ended September 30, 1995 and 1994 (Unaudited)

                                                                    Nine Months Ended September 30,
                                                                              1995                   1994
                                                                    ------------------------ ---------------------
                                                                           (Unaudited)            (Unaudited)
<S>                                                                 <C>                      <C>

Operating activities:
  Net income (loss)                                                 $              (175,300) $         (2,872,261)
  Adjustments to reconcile net income (loss) to net
    cash provided (used) in operating activities:
      Gain on sale of equipment                                                     (10,800)                    -
      Increase (decrease) from changes in:
         Interest receivable                                                              -                28,000
         Impairment of long lived assets                                                  -             2,813,474
         Accounts payable and accrued expenses                                       70,590                13,769
         Due to affiliate                                                            44,500                     -
                                                                    ------------------------ ---------------------
           Net cash provided (used) in operating activities                         (71,010)              (17,018)
                                                                    ------------------------ ---------------------

Investing activities:
 Disposal of property and equipment                                                  72,710                     -
                                                                    ------------------------ ---------------------
           Net cash provided (used) by investing activities                          72,710                     -
                                                                    ------------------------ ---------------------

Financing activities:
 Proceeds from stockholders' receivables                                                  -                12,500
                                                                    ------------------------ ---------------------
           Net cash provided (used) by financing activities                               -                12,500
                                                                    ------------------------ ---------------------

Net increase (decrease) in cash and cash equivalents                                  1,700                (4,518)

Cash and cash equivalents, beginning of period                                          185                 7,531
                                                                    ------------------------ ---------------------

Cash and cash equivalents, end of period                            $                 1,885  $              3,013
                                                                    ======================== =====================

</TABLE>

              See accompanying notes to these financial statements
                                                           [HART\10Q\HRT93095]-6
                                        3

<PAGE>



                              HART INDUSTRIES, INC.
                          Notes to Financial Statements
                               September 30, 1995


Note 1.  Summary of Significant Accounting Policies and Business Activities

              Basis Of Presentation

              The accompanying unaudited financial statements have been prepared
              in accordance with generally  accepted  accounting  principles for
              interim financial  information.  Accordingly,  they do not include
              all  of  the  information  and  footnotes  required  by  generally
              accepted accounting  principles for complete financial statements.
              In the opinion of management,  all normal adjustments,  consisting
              of normal  recurring  accruals,  considered  necessary  for a fair
              presentation have been included.  The financial statements include
              the balance sheet and  statements of operations  and cash flows of
              Hart Industries, Inc. ("Company") as of September 30, 1995 and for
              the three and nine month periods then ended.  It is suggested that
              these condensed  financial  statements be read in conjunction with
              the  financial  statements  and  notes  thereto  included  in  the
              Company's  December 31, 1994  audited  financial  statements.  The
              results of operations for the periods ended September 30, 1995 and
              1994 are not necessarily  indicative of the operating  results for
              the full year.

              Organization

              The Company was in the  development  stage from  incorporation  in
              October,  1982 to September 30, 1990. Activities through September
              30, 1990 principally consisted of organizing the Company,  issuing
              common stock for cash,  services,  and  equipment,  negotiation of
              license  agreements and incurring  research and development costs.
              All costs,  except those  associated with the license  agreements,
              patents, trademarks and equipment costs, were expensed as incurred
              during the development stage. In December,  1990, the Company sold
              its assets and all rights to the nonelectric dishwasher for a note
              receivable  and future  royalties.  During 1990, the Company began
              performing sludge dewatering  operations through its Transportable
              Treatment  Unit (TTU) and was taken out of the  development  stage
              for accounting  purposes.  The revenue  generated in 1990 was from
              the  Environmental  Services  Division  and the TTU.  There was no
              revenue generated in 1991 from the TTU. 1992 revenue was generated
              through the  Environmental  Services  Division.  Since 1992, there
              have been no operating revenues through the date of this Report.

              Principles of Management Estimates

              The  preparation  of  financial   statements  in  conformity  with
              generally accepted  accounting  principles  requires management to
              make estimates and assumptions that affect the reported amounts of
              assets and  liabilities  and  disclosure of contingent  assets and
              liabilities  at the  date  of the  financial  statements  and  the
              reported  amounts of revenues  and expenses  during the  reporting
              period. Actual results could differ from those estimates.

              Reorganization

              Effective March 8, 1994 the Company  reorganized via a merger with
              a  newly  formed  Nevada   corporation   whose  name  became  Hart
              Industries,  Inc. at the effective date. The Merger  Agreement was
              approved by the Company's  stockholders at the Annual Meeting held
              on January 18, 1994. Under the Merger Agreement each shareholder

                                                           [HART\10Q\HRT93095]-6

                                                                 4

<PAGE>


                              HART INDUSTRIES, INC.
                          Notes to Financial Statements
                               September 30, 1995

Note 1.       Summary of Significant Accounting Policies and Business Activities
              (Continued)

              received  one share in the  Nevada  corporation  for every  twenty
              shares held in the Company.  Any fractional  shares resulting from
              the merger were rounded up to the nearest whole share. As a result
              of the merger,  the number of  authorized  shares of common  stock
              increased from  10,000,000 to 50,000,000  while retaining the same
              $.01 par value. All share and per share amounts have been restated
              to give effect to the merger.

              Going Concern

              The  Company has  experienced  recurring  net losses,  has limited
              liquid  resources,  negative  working  capital  and has no current
              operations.   Management's   intent  is  to  keep   searching  for
              additional sources of capital and new operating opportunities.  In
              the interim, the Company will keep operating with minimal overhead
              and key administrative functions will be provided by an affiliate.
              Accordingly,  the accompanying  consolidated  financial statements
              have been  presented  under the  assumption  that the Company will
              continue as a going concern.

              Reclassification of Prior Year Amounts

              To enhance  comparability,  the fiscal 1994 consolidated financial
              statements have been reclassified,  where appropriate,  to conform
              with the financial statement presentation used in fiscal 1995.

Note 2.       Sale of Manufacturing Assets

              In July 1993, the Company  acquired certain  manufacturing  assets
              and in conjunction with its equipment  leasing  activities  leased
              the assets to a third party. The Company  terminated the lease due
              to the  lessee's  default,  and in May  1995,  sold the  assets at
              auction for $72,710, resulting in a gain on sale of $10,800.

Note 3.       Business Condition

              The Company has experienced  negative cash outflows from operating
              activities through 1992 and ceased operations in March 1992, prior
              to  capital   restructuring   and  change  in   management.   Cash
              contributions  from SAC provided the financial  support  necessary
              for the Company to satisfy its  obligations  through  1992.  Since
              January 1993,  NuVen  Advisors Inc., an affiliate  ("NuVen"),  has
              provided  financial and  administrative  support for the Company's
              operations. The Company expects to receive continued financial and
              administrative support from NuVen until a new business opportunity
              is  acquired  or  developed.  As of the date of this  Report,  the
              Company has no  operations,  however,  is  continuing  to seek new
              opportunities.

Note 4.       Subsequent Events

              Effective  April  1996,  the  Company  entered  into a  Consulting
              Agreement  with Mr. Steven Dong,  pursuant to which Mr. Dong is to
              perform  accounting  services  and to hold  the  office  of  Chief
              Financial Officer through June 30, 1996. Pursuant to the agreement
              the Company agreed to pay Mr. Dong $10,000 in cash or in the

                                                           [HART\10Q\HRT93095]-6

                                                                 5

<PAGE>


                              HART INDUSTRIES, INC.
                          Notes to Financial Statements
                               September 30, 1995

Note 4.       Subsequent Events (Continued)

              Company's  common stock,  payable monthly in arrears,  and granted
              him an option to purchase  166,666 shares of the Company's  common
              stock at an  exercise  price of $.01 per share.  Cash  payments of
              $667 were made to Mr.  Dong by the  Company  during the first nine
              months of fiscal 1995 for  services  provided by Mr. Dong prior to
              his  Consulting  Agreement.  The Company  expensed $667 during the
              first  nine  months of fiscal  1995 and had no  amounts  due as of
              September 30, 1995.

              In July 1996, the Company entered into a Consulting Agreement with
              John  Desbrow,  pursuant to which Mr.  Desbrow is to perform legal
              services  and to  hold  the  office  of  Secretary  and  Director.
              Pursuant to the  agreement the Company  agreed to pay Mr.  Desbrow
              $2,000 per month commencing  August 1, 1994. No cash payments have
              been made to Mr.  Desbrow  by the  Company  during  the first nine
              months of fiscal 1995 for services provided.  The Company expensed
              $19,750 and $4,000 during the first nine months of fiscal 1995 and
              1994  respectively,  and had $29,750  and $4,000  amount due as of
              September 30, 1995 and 1994 respectively.

                                                           [HART\10Q\HRT93095]-6

                                                                 6

<PAGE>



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

              Results of Operations

              Three Months Ended September 30, 1995 Compared to Three Months
              Ended September 30, 1994

                      There were no  operations  during the three  months  ended
              September 30, 1995.  As a result there were no operating  revenues
              or cost  of  revenues  recorded  during  the  three  months  ended
              September 30, 1995.

                      The Registrant's general and administrative  expenses were
              $59,337 for the three months ended September 30, 1995, as compared
              to  $65,570   for  the  same   period   last  year.   General  and
              administrative   expenses   consisted   primarily   of   continued
              professional  services provided by consultants under  professional
              advisory and management agreements.

                      The Registrant received $18,750 in interest income for the
              three months ended September 30, 1994.  There was no such interest
              income received for the same period this year.

              Nine Months Ended September 30, 1995 Compared to Nine Months Ended
              September 30, 1994

                      The Registrant had no operations for the nine months ended
              September 30, 1995 or the nine months ended September 30, 1994.

                      The  Registrant's  total legal and  professional  fees and
              general and  administrative  expenses  were  $186,100 for the nine
              months ended  September  30, 1995, as compared to $115,037 for the
              same period last year. The increase is primarily  attributable  to
              the  accrual  of  continued   professional  services  provided  by
              consultants under professional advisory and management agreements.

                      The Registrant received $56,250 in interest income for the
              nine months ended  September 30, 1994.  There was no such interest
              income received for the same period this year

                      As discussed in Note 2 in the  Footnotes to the  financial
              statements  included  elsewhere herein, the Registrant sold assets
              resulting in a gain on sale of $10,800.  There was no such sale in
              the comparable period last year.

              Liquidity and Capital Resources

                      The  Registrant  has  continued  to incur net  losses  and
              negative cash flows from operating activities.  The Registrant had
              cash and cash equivalents of  approximately  $1,885 and $185 as of
              September  30, 1995,  and December  31,  1994,  respectively,  and
              negative  working  capital of $174,679 and $61,289 as of September
              30, 1995,  and December  31, 1994,  respectively.  The increase in
              working  capital  deficiency is a direct result of the  Registrant
              incurring professional, consulting and advisory services and other
              overhead  during the first nine months of fiscal year 1995.  As of
              the  date  of  this  Report,   the   Registrant  has  no  material
              commitments  for  capital  expenditures  and  no  commitments  for
              additional equity or debt financing, and no assurances can be made
              that its working capital needs can be met out of future operations
              or borrowing.

                                                          [HART\10Q\HRT93095]-6

                                                                 7

<PAGE>



                      As a result of the Registrant  having no revenue producing
              activities,  the Registrant has limited cash and cash  equivalents
              remaining as of September 30, 1995 to finance  future  operations.
              The  Registrant has received  financial  support from an affiliate
              and is dependent  upon the affiliate for future  working  capital.
              The  Registrant's  plan is to continue  searching  for  additional
              sources  of  equity  and  working   capital   and  new   operating
              opportunities.  In the  interim,  the  Registrant's  existence  is
              dependent  upon  continuing  financial  support from the affiliate
              which is estimated to be  approximately  $49,500 for the remainder
              of fiscal  year 1995 based upon  agreements  and  obligations  the
              Registrant  has at  September  30,  1995.  Such  conditions  raise
              substantial doubt about the Registrant's  ability to continue as a
              going concern.

                                                           [HART\10Q\HRT93095]-6

                                                                 8

<PAGE>



PART II:      OTHER INFORMATION

Item 1.       Legal Proceedings

              None

Item 2.       Changes In Securities

              None

Item 3.       Defaults Upon Senior Securities

              None

Item 4.       Submission Of Matters To A Vote Of Security Holders

              None

Item 5.       Other Information

              None

Item 6.       Exhibits And Reports On Form 8-K

              (a) Exhibits:

                  #27          Financial Data Schedule


              (b) Reports on Form 8-K:

                  None

                                                           [HART\10Q\HRT93095]-6

                                                                 9

<PAGE>



                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                        HART INDUSTRIES, INC.


Dated:   January 20, 1997               By:  /s/  Fred G. Luke
                                             ----------------------------------
                                                  Fred G. Luke,
                                                  President and Director

Dated:   January 20, 1997               By:  /s/  John D. Desbrow
                                             ----------------------------------
                                             John D. Desbrow,
                                             Secretary and Director

Dated:   January 20, 1997               By:  /s/  Steven H. Dong
                                             ----------------------------------
                                             Steven H. Dong,
                                             Chief Financial Officer

                                                           [HART\10Q\HRT93095]-6

                                                                 10