UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                            FORM 10-QSB

(Mark One)

[X]  Quarterly  report  pursuant to Section  13  or  15(d)  of  the
Securities Exchange Act of 1934

       For the quarterly period ended August 31, 2003
                                      ---------------

[  ]  Transition  report pursuant to Section 13  or  15(d)  of  the
Exchange Act

For the transition period from                 to
                               ---------------    ----------------

Commission file number: 0-14188
                        -------

                         Surge Components, Inc.
------------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)

      New York                               11-2602030
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(State or other jurisdiction of              (I.R.S. Employer
 incorporation or organization)               Identification No.)

           95 Jefryn Boulevard, Deer Park, NY  11729
------------------------------------------------------------------
            (Address of principal executive offices)

                        (631) 595-1818
------------------------------------------------------------------
                   (Issuer's telephone number)

------------------------------------------------------------------
(Former  name,  former address and former fiscal year,  if  changed
since last report)

State  the  number of shares outstanding of each  of  the  issuer's
classes of common equity, as of the latest practicable date: As of
October 2, 2003: 8,743,326 shares of common stock, par value $.001
per share.

Transitional Small Business Disclosure Format (check one):

                   Yes       No  X
                       ----     ----



             SURGE COMPONENTS, INC. AND SUBSIDIARIES

                       Index to Form 10-QSB

         for the Period Ended August 31, 2003



                                                          Pages
                                                          -----
     PART I.  FINANCIAL INFORMATION


     Item 1.  Financial Statements:

     Consolidated Balance Sheets                             3-4

     Consolidated Statements of Income Operations and
     Comprehensive Loss                                        5

     Consolidated Statements of Cash Flows                     6

     Notes to Consolidated Financial Statements             7-10


     Item 2.  Management's Discussion and Analysis or Plan
     of Operation.                                         11-22


     Item 3.  Controls and Procedures.                        23


     PART II.  OTHER INFORMATION

     Item 1. Legal Proceedings.                               23


     Item 6.  Exhibits and Reports on Form 8-K.               24


     Signatures                                               25





                   PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.


              SURGE COMPONENTS, INC. AND SUBSIDIARIES

<TABLE> <CAPTION> CONSOLIDATED BALANCE SHEETS



                                        August  31,  November 30,
                                            2003         2002
                                         ---------    -----------
                                        (unaudited)
               ASSETS
               ------
<S>                                     <C>            <C>
Current assets:
  Cash                                  $  730,443     $1,494,441
  Marketable securities - available
   for sale                                276,044        270,145
  Accounts receivable (net of allowance
    for doubtful accounts of $40,335)    1,963,564      1,557,947
  Inventory,net                          1,874,322      2,121,198
   Prepaid expenses and income taxes        81,267        116,946
                                        ----------     ----------
         Total current assets            4,925,640      5,560,677

Fixed assets - net of accumulated
 depreciation of $1,009,934
 and $814,505                            1,005,223      1,173,585

Other  assets                                4,901          4,054
                                        ----------     ----------
Total assets                            $5,935,764     $6,738,316
                                        ==========     ==========


 See accompanying notes to consolidated financial statements.
</TABLE>





              SURGE COMPONENTS, INC. AND SUBSIDIARIES

<TABLE> <CAPTION>  CONSOLIDATED BALANCE SHEETS


                                                  August 31,   November 30,
                                                     2003          2002
                                                  -----------   ----------
                                                  (unaudited)
       LIABILITIES AND SHAREHOLDERS' EQUITY
       ------------------------------------
<S>                                               <C>         <C>
Current liabilities:
  Debt not in compliance with terms               $   379,030  $   467,071
  Accounts payable                                  1,827,779    1,774,738
  Accrued expenses and taxes                          698,463      859,320
                                                   ----------  -----------
        Total current liabilities                   2,905,272    3,101,129

Deferred rent                                          59,487       48,306
                                                   ----------  -----------
        Total liabilities                           2,964,759    3,149,435
                                                   ----------  -----------
Minority interest                                      26,374       25,328
                                                   ----------  -----------
Commitments and contingencies

Shareholders' equity
  Preferred stock - $.001 par value stock,
   1,000,000 shares authorized: Series A - 260,000
   shares authorized, none outstanding. Series B -
   200,000 shares authorized, none outstanding,
   non-voting, convertible, redeemable. Series C -
   100,000 shares authorized, 42,700
   shares issued and outstanding, redeemable,
   convertible,redeemable,liquidation preference
   of $5 per share                                         43           43
Common stock - $.001 par value stock,
 25,000,000 shares authorized, 8,743,326
 shares issued and outstanding                          8,744        8,744
Additional paid-in capital                         22,959,605   22,980,955
Stock subscriptions receivable                             --       (3,500)
Accumulated other comprehensive loss-
 unrealized loss on marketable securities-
 available for sale                                   (18,916)     (17,439)
Accumulated deficit                               (20,004,845) (19,405,250)
                                                  -----------  -----------
Total shareholders' equity                          2,944,631    3,563,553
                                                  -----------  -----------
Total liabilities and shareholders' equity        $ 5,935,764  $ 6,738,316
                                                  ===========  ===========

See accompanying notes to consolidated financial statements.
</TABLE>



                 SURGE COMPONENTS, INC. AND SUBSIDIARIES
<TABLE> <CAPTION>
      CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
                               (UNAUDITED)


                                        Nine Months Ended          Three Months Ended
                                             August 31,              August 31,
                                         2 0 0 3      2 0 0 2      2 00 3       2 0 0 2
                                        --------     --------     ---------     --------
<S>                                   <C>           <C>           <C>          <C>

Net sales                             $ 8,535,530   $ 8,362,575   $2,816,086   $ 3,000,176

Cost of goods sold                      6,294,438     6,149,170    2,069,674     2,267,264
                                      -----------   -----------   -----------   -----------
Gross profit                            2,241,092     2,213,405      746,412       732,912
                                      -----------   -----------   -----------   -----------
Operating expenses:
 General and administrative expenses    2,003,598     2,564,792      638,737       741,287
 Selling and shipping expenses            793,442       745,894      245,548       261,589
 Financial consulting fees                     --       268,850           --            --
                                      -----------   -----------   -----------   -----------
      Total operating expenses          2,797,040     3,579,536       884,285     1,002,876
                                      -----------   -----------   -----------   -----------
Loss from operations                     (555,948)   (1,366,131)     (137,873)     (269,964)
                                      -----------   -----------   -----------   -----------
Other income and (expense):
 Investment income                         15,607        43,238         3,680         7,862
 Interest expense                         (82,157)      (23,592)      (17,861)      (13,991)
 Loss on sale of marketable securities         --       (81,282)           --            --
                                      -----------   -----------   -----------   -----------
     Total other income and (expense)     (66,550)      (61,636)      (14,181)       (6,129)
                                      -----------   -----------   ------------  -----------
                                         (622,498)    1,427,767)     (152,054)     (276,093)
Minority interest                         (32,704)          544        10,401          (544)
                                      -----------   -----------   -----------   -----------
Loss before income taxes                 (589,794)   (1,427,223)     (141,653)     (275,549)

Income taxes                                9,801        11,639        (2,271)        3,103
                                      -----------   -----------   -----------   -----------
Net loss                                 (599,595)   (1,438,862)     (139,382)     (278,652)
Dividends on preferred stock               47,525        26,175        10,675        10,675
                                      -----------   -----------   -----------   -----------
Net loss available to
 common shareholders                  $  (647,120)  $(1,465,037)    $(150,057)  $  (289,327)
                                      ===========   ===========    ===========   ===========
Other comprehensive loss:
  Net loss                               (599,595)   (1,438,862)     (139,382)     (278,652)
  Unrealized holding (loss) gain on
   securities  arising during the period   (1,477)      (45,422)       (1,762)        3,860
  Reclassification adjustment-loss
   on sale of securities                       --        81,282           --            --
                                     ------------   -----------   -----------   -----------
      Total comprehensive loss       $   (601,072)  $(1,403,002)    $(141,144)  $  (274,792)
                                     ============   ===========   ===========   ===========
Weighted average shares outstanding
  Basic                                 8,743,326     8,881,298     8,743,326     8,752,926
  Diluted                               8,743,326     8,881,298     8,743,326     8,752,926

Loss available to common shareholders, per share
  Basic                              $       (.07)  $      (.16)    $   (.02)  $      (.03)
  Diluted                            $       (.07)  $      (.16)    $   (.02)  $      (.03)



See accompanying notes to consolidated financial statements.
</TABLE>



                 SURGE COMPONENTS, INC. AND SUBSIDIARIES
<TABLE> <CAPTION>
                  CONSOLIDATED STATEMENTS OF CASH FLOWS


                                                     Nine Months Ended
                                                         August 31,
                                                     2 0 0 3    2 0 0 2
                                                    ----------  ----------
                                                   (Unaudited)  (Unaudited)
<S>                                              <C>           <C>
OPERATING ACTIVITIES:
  Net loss                                       $  (599,595)  $(1,438,862)
  Adjustments to reconcile net
  loss to net cash used from
  operating activities:
      Depreciation and amortization                  195,429       253,084
      Loss on sale of marketable securities               --        81,282
      Minority interest                                1,046        33,191
      Deferred rent                                   11,181        15,220
CHANGES IN OPERATING ASSETS AND LIABILITIES:
  Accounts receivable                               (405,617)      (64,176)
  Inventory                                          246,876       333,428
  Prepaid expenses and other assets                   34,832       (17,043)
  Accounts payable                                    53,042      (326,293)
  Accrued expenses and taxes                        (182,207)     (312,947)
                                                  ----------    ----------
NET CASH FLOWS FROM OPERATING ACTIVITIES            (645,013)   (1,443,116)
                                                  ----------    ----------
INVESTING ACTIVITIES
  Collections of amounts due under repurchase agreement   --       837,477
  Purchase of marketable securities                   (7,377)      (28,132)
  Acquisition of fixed assets                        (27,067)      (23,515)
  Proceeds from sale of marketable securities             --       900,590
                                                   ---------    ----------
NET CASH FLOWS FROM INVESTING ACTIVITIES             (34,444)    1,686,420
                                                   ---------    ----------
FINANCING ACTIVITIES
  Collections from stock subscription receivable       3,500         4,000
  Repurchase of shares                                    --       (31,150)
  Net borrowings on loan payable                     (88,041)      282,605
                                                   ---------    ----------
NET CASH FLOWS FROM FINANCING ACTIVITIES             (84,541)      255,455
                                                   ---------    ----------
NET CHANGE IN CASH                                  (763,998)      498,759
CASH AT BEGINNING OF PERIOD                        1,494,441     1,030,181
                                                   ---------    ----------
CASH AT END OF PERIOD                             $  730,443   $ 1,528,940
                                                  ==========   ===========
SUPPLEMENTAL CASH FLOW INFORMATION:
  Income taxes paid                               $    8,676   $     9,527
                                                  ==========   ===========
Interest paid                                     $   82,157   $    23,418
                                                  ==========   ===========


See accompanying notes to consolidated financial statements.
</TABLE>


             SURGE COMPONENTS, INC. AND SUBSIDIARIES

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                      AUGUST 31, 2003


NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
---------------------------------------------------------

      In the opinion of management, the accompanying consolidated
financial  statements of Surge Components, Inc., Challenge/Surge,
Inc., Superus Holdings, Inc. ("Superus"), Surge/Lelon, LLC, Surge
Acquisition Corporation and Surge Components, Limited contain all
adjustments  necessary to present fairly the Company's  financial
position as of August 31, 2003,the related statements of operations
and comprehensive loss for the  nine and three months ended August
31, 2003 and 2002 and the statement  of  cash flows for the nine
months  ended  August  31, 2003 and 2002.

      The  consolidated results of operations for  the  nine  and
three  months ended August 31, 2003 and 2002 are not  necessarily
indicative of the results to be expected for the full year.

      The accounting policies followed by the Company  are  set
forth  in Note B to  the  Company's  financial statements included
in its Annual Report on Form 10-KSB,for the year ended November
30, 2002.


NOTE 2 - SUPERUS BANKRUPTCY
---------------------------

       Included   in  accrued  expenses  are  amounts   totalling
approximately $248,000 which were accrued pending the disposition
of  Superus' bankruptcy proceedings. Superus filed for bankruptcy
protection  in  March 2002 under Chapter 7 of the  United  States
Bankruptcy  Code.  The  deadline for  filing  any  objections  to
discharge Superus' debt has passed and the Trustee has filed its
report  stating  that  the  bankruptcy  estate  has  been   fully
administered  and  may  be  discharged.  The  Bankruptcy   Court,
however,  has not yet approved the Trustee's report. The  Company
will  continue to accrue these expenses until such  time  as  the
bankruptcy has been concluded.



             SURGE COMPONENTS, INC. AND SUBSIDIARIES

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                     AUGUST 31, 2003


NOTE 3 - SETTLEMENT AGREEMENT
-----------------------------

     In April 2002, in connection with a Mutual Release, Settlem
ent, Standstill and Non-Disparagement Agreement by and among the
Company  and Equilink Capital Partners, LLC, Robert DePalo,  Old
Oak  Fund  Inc. and Kenneth Orr (collectively, the "Investors"),
the  Investors  transferred  transferred  back  to  the  Company
252,000  shares of common stock,  and 19,300 shares of Series  C
preferred stock, and certain warrants,  representing all of  the
Company's securities held by the Investors, and agreed to, among
other things, not to purchase any securities of the Company  and
not  to  disparage Surge the Company in any manner, in  exchange
for  an aggregate of $225,000each of  in settlement of potential
claims  relating  to  services provided by the  Investors.   The
shares were held in escrow until the final payment was made.

      In addition, the Company and the Investors mutually agreed
to  release each other from all claims each party had, now  has,
or  in  the  future might have against the other.   The  Company
recorded a charge of approximately $193,850 to income during the
quarter ending May 31, 2002, in connection with the settlement.

NOTE 4 - PREFERRED DIVIDENDS
----------------------------

      Dividends on the Non-Voting Redeemable Convertible Series C
Preferred  Stock  aggregating $47,525 for the semiannual  periods
ended  December 31, 2001, June 30, 2002, December  31,  2002  and
June 30, 2003, have not been paid.  The Company has accrued these
dividends.


NOTE 5 - SEC INVESTIGATION
--------------------------

      During  the  year ended November 30, 2000 and the  quarter
ended February 28, 2001, the Company made certain potentially


             SURGE COMPONENTS, INC. AND SUBSIDIARIES

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                    AUGUST 31, 2003


NOTE 5 - SEC INVESTIGATION (Continued)
-------------------------------------

questionable payments of approximately $2,137,000 and  $774,000,
respectively.   These payments are currently the subject  of  an
investigation  by the Securities and Exchange  Commission.   The
recipient of these payments repaid $1 million to the Company  in
the  quarter ending May 31, 2001, which was included  in  other
income.

      In  May  2001, the law firm Mintz Levin Cohn Ferris Glovsky
and  Popeo,  P.C.,  was  engaged to assist  in  an  investigation
concerning the payments and to recommend policies to prevent  any
similar future payments. Due, in part to the previously disclosed
resignation of our outside counsel and such counsel's refusal  to
be  interviewed  as part of the investigation,  the  Company  was
unable to confirm what legal advice was rendered as to the making
of   such  payments.  The  investigation  did  not  uncover   any
additional   payments   similar  to  the   previously   disclosed
"potentially questionable payments". The Company has taken  steps
to  ensure  that  such  payments are  not  made  in  the  future,
including requiring that payments above $5,000 not be made to any
party  except a party on a list approved by our audit  committee,
requiring  co-signatures on each check for more than $10,000  and
adopting  a  Code of Conduct. Except for proceedings relating  to
the  SEC  inquiry commenced in October 2001, the Company  is  not
aware  of  any  pending proceedings relating to  the  potentially
questionable payments. The Company has not been contacted by  the
SEC regarding its investigations since March 2002.  There can  be
no  assurance  that these potentially questionable  payments  and
related investigation will not lead to other proceedings.


NOTE 7 - DEBT NOT IN COMPLIANCE WITH TERMS
------------------------------------------

     In July 2002, the Company entered into a financing agreement
(the "Financing Agreement") with an asset-based lender (the  "Lender")
providing for borrowings up to  $1,000,000  (the "Credit  Line").
Borrowings under the Credit Line accrue interest



             SURGE COMPONENTS, INC. AND SUBSIDIARIES

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                   AUGUST 31, 2003


NOTE 7 - DEBT NOT IN COMPLIANCE WITH TERMS (Continued)
-----------------------------------------------------

at the greater of the prime rate plus two percent (2.0%) or 6.75%
(6.75%  at August 31, 2003). The Company pays one-quarter of  one
percent  (1/4  of  1%) annually as an unused  line  fee  for  the
difference  between $1,000,000 and the average daily  balance  of
the   Credit   Line.   The  Credit  Line  is  collateralized   by
substantially  all  the Company's non-cash  assets  and  contains
various  financial  covenants pertaining to  the  maintenance  of
working  capital and tangible net worth. On August 31,  2003,  we
were not in compliance with the tangible net worth covenant.   We
anticipate continuing to not be in compliance with such  covenant
during  Fiscal 2003.  As such, the Lender may declare the Company
in default at anytime and has the following rights, among others:
(1)  to demand immediate repayment of borrowings under the Credit
Line;  (2)  to  receive a charge at the rate of two  percent  per
month  upon  the  unpaid  balance of the  obligations  under  the
Financing Agreement (the "Obligations") from the date of  default
until  the  date  of  our full payment of the Obligations,  which
charge  is  in  lieu  of  interest; (3)  to  receive  all  costs,
disbursements,  charges  and  expenses  that  it  incurs  in  the
collection   and   enforcement  of  the  Obligations,   including
attorneys  fees; and (4) to enforce payment of or settle  any  of
our  receivables and apply the net cash proceeds  resulting  from
such  payment  or  settlement to the payment of the  Obligations.
While  we  do not believe that the Lender will elect to  exercise
any  of such rights, if it did so during an inopportune time  for
the Company, it could result in a severe liquidity crisis for the
Company.   As  of  August  31, 2003,  the  Company  has  $379,030
outstanding under the Credit Line.


NOTE 8 - AUTHORIZED REPURCHASE
------------------------------

      In  November  2002, the Board of Directors  authorized  the
repurchase of up to 1,000,000 Common Shares at a price between $.04
and  $.045. The Company has not repurchased any  shares  to
date pursuant to such authority.




Item 2. Management's Discussion and Analysis or Plan of Operation.
        ---------------------------------------------------------

     Statements contained in this report include "forward-looking
statements" within the meaning of such term in Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements involve known and unknown
risks,  uncertainties and other factors which could cause  actual
financial  or  operating  results, performances  or  achievements
expressed  or implied by such forward-looking statements  not  to
occur  or  be realized. Such forward-looking statements generally
are based on our best estimates of future results, performance or
achievements, based upon current conditions and the  most  recent
results   of   the   companies  involved  and  their   respective
industries. Forward-looking statements may be identified  by  the
use   of  forward-looking  terminology  such  as  "may,"  "will,"
"project,"   "expect,"   "believe,"   "estimate,"   "anticipate,"
"intends,"  "continue,"  "potential,"  "opportunity"  or  similar
terms,  variations of those terms or the negative of those  terms
or  other  variations  of  those terms  or  comparable  words  or
expressions.  Potential  risks and uncertainties  include,  among
other things, such factors as:

       -    our business strategies and future plans of operations,

       -     general economic conditions in the United States and
          elsewhere, as well as the economic conditions affecting the
          industries in which we operate,

       -    political and regulatory matters affecting the foreign
          countries in which we operate or purchase goods and materials
          including the current war with Iraq and the recent health crisis
          in the Far East,

       -    the market acceptance and amount of sales of our products
          and services,

       -    the extent that our distribution network and marketing
          programs achieve satisfactory response rates,

       -    the effect of the current surplus of electronic component
          parts in the broker distributor market on sales by our Challenge
          subsidiary,

       -    our historical losses,

       -    the competitive environment within the electronic components
          industry,

       -    our ability to raise additional capital, if and as needed,

       -     the  cost-effectiveness of our  product  development
          activities,

       -    the effect of our non-compliance with the tangible net worth
          covenant of our loan agreement with our principal lender,

       -    the effect of the delisting of our common stock, par value
          $.001 per share (the "Common Shares") from the NASDAQ Stock
          Market and the delisting of our Common Shares from The Boston
          Stock Exchange,

       -    the extent of any further investigations or proceedings with
          respect to certain potentially questionable payments made by
          Surge during its fiscal year ended November 30, 2000 and its
          quarter ended February 28, 2001 and

       -     the other factors and information discussed in other
          sections of this report.

     Shareholders   and  others  reading  this   report   should
carefully   consider   such  risks,  uncertainties   and   other
information,   disclosures   and   discussions   which   contain
cautionary  statements identifying important factors that  could
cause actual results to differ materially from those provided in
the  forward-looking statements. We undertake no  obligation  to
publicly   update  or  revise  any  forward-looking  statements,
whether  as  a  result  of  new information,  future  events  or
otherwise.  Readers are urged to carefully review  and  consider
the  various disclosures made by the Company in this Report  and
the  Company's Annual Report on Form 10-KSB for the  year  ended
November  30,  2002,  both of which have  been  filed  with  the
Commission.  These reports attempt to advise interested  parties
of the risks and factors that may affect the Company's business,
financial condition and results of operations and prospects.


Critical Accounting Policies and Estimates
------------------------------------------

       The   preparation  of  financial  statements  and  related
disclosures  in  conformity with accounting principles  generally
accepted  in  the  United  States  requires  management  to  make
estimates and assumptions that affect the amounts reported in the
unaudited  Consolidated  Financial  Statements  and  accompanying
notes. Estimates are used for, but not limited to, the accounting
for  the  allowance  for doubtful accounts,  inventories,  income
taxes  and loss contingencies. Management bases its estimates  on
historical experience and on various other assumptions  that  are
believed to be reasonable under the circumstances. Actual results
could differ from these estimates under different assumptions  or
conditions.

      The  Company  believes the following  critical  accounting
policies,  among  others,  may  be  impacted  significantly   by
judgment,  assumptions and estimates used in the preparation  of
the unaudited Consolidated Financial Statements:

      The  allowance  for  doubtful accounts  is  maintained  to
provide  for  losses arising from customers' inability  to  make
required  payments. If there is deterioration of our  customers'
credit  worthiness and/or there is an increase in the length  of
time  that  the  receivables  are  past  due  greater  than  the
historical  assumptions  used,  additional  allowances  may   be
required.  During February 2002, the Company obtained $1,500,000
of  credit insurance covering most of its customers.   In  March
2003, the Company increased its coverage to $2,000,000 of credit
insurance.

      Inventories,  which consist solely of  products  held  for
resale,  are  stated  at the lower of cost (first-in,  first-out
method)  or  market.  Products are included  in  inventory  when
shipped from the supplier. The Company, at August 31, 2003,  has
a   reserve  against  slow  moving  and  obsolete  inventory  of
approximately $1,051,000.

      The  Company's deferred income taxes arise primarily  from
the  differences  in  the  recording of  net  operating  losses,
allowances  for  bad debts, inventory reserves and  depreciation
expense for financial reporting and income tax purposes.  Income
taxes  are reported under the liability method pursuant to  SFAS
No. 109 "accounting for income taxes". A valuation allowance  is
provided  when  the likelihood of realization  of  deferred  tax
assets  is  not  assured.    The  Company  has  provided  for  a
valuation allowance totaling approximately $7,682,000.

      Current accounting guidance allows for several options  in
the reporting of stock options granted to employees or directors
as  compensation.  The Company has adopted the  disclosure  only
provisions  of  SFAS  Number  123, "Accounting  for  Stock-Based
Compensation."   Under these provisions,  the  Company  has  not
provided  for  a  charge for compensation in its  statements  of
operations  related to the granting of options to its  employees
and directors.    No such options were granted during the fiscal
year ended November 30, 2002 or for the nine months ended August
31, 2003.


Results of Operations
---------------------

      Consolidated net sales for the nine months ended August 31,
2003  increased by $172,955, or 2%, to $8,535,530 as compared  to
consolidated  net sales of $8,362,575 for the nine  months  ended
August  31,  2002.  Consolidated net sales for the  three  months
ended August 31, 2003 decreased by $184,090, or 6%, to $2,816,086
as compared to consolidated net sales of $3,000,176 for the three
months ended August 31, 2002.

     The net sales for the nine months ended August 31, 2003 for
Surge  without Challenge/Surge, Inc. ("Challenge"), one  of  the
Company's  subsidiaries,  decreased by  $116,973,  or  2%,  when
compared  to Surge's net sales for the nine months ended  August
31,  2002.  Net sales for the three months ended August 31, 2003
for  Surge decreased by $395,148, or 20%, when compared  to  the
three  months  ended  August 31, 2002.  The  decrease  in  sales
reflects  the  significant price competition in  the  electronic
component  market and decreased demand of certain key customers'
products.


  Net sales for the nine months ended August 31,2003 for Challenge
increased  by  $154,838,  or  5%,  when  compared  to  the  nine
months  ended  August 31, 2002.  Net sales for the  three  months
ended  August  31, 2003 for Challenge increased by  $102,305,  or
11%,  when  compared to the three months ended August  31,  2002.
Challenge continues to experience depressed sales in  their
broker  division  due  to  a  slowdown  in  manufacturing   among
computer,   telecommunications  and  phone  manufacturers.   This
slowdown  is expected to adversely affect Challenge's  sales  for
2003.    Any   future   improvements  in  sales   (and   possible
profitability)  are  expected to be based on  future  demand  and
supply  for Challenge's product mix.  However, Challenge  started
an audible products division in 1999. Sales of speakers, fans and
buzzers   by   this  division  increased  steadily  since   their
introduction  through the addition of sales  representatives  and
promotions.   Currently, the majority of  Challenge's  sales  are
comprised from audible products.

      The  electronics industry has historically experienced wide
fluctuations  in  the  supply  and demand  of  components.  These
fluctuations have helped produce many occasions when  supply  and
demand  for  components  have not been  in  balance.  The  supply
currently  far exceeds the demand and has resulted  in  declining
average selling prices for our products as companies seek to sell
their inventories. Accordingly, the Company's ability to maintain
or  increase revenues will be highly dependent on its ability  to
increase  sales  volume of existing products and to  successfully
introduce and sell new products.

     Surge Components, Limited and Surge/Lelon, LLC comprise  the
remainder  of  the nine and three months sales  for  the  periods
ended   August   31,   2003  totaling  $148,208   and   $120,400,
respectively.

     While  we  cannot  predict  future performance,  we  believe
opportunities exist for growth in the United States and Asia.  We
are  continually  looking into new product  lines  and  strategic
partnerships, which could assist in the Company's growth.

      Our  gross profit for the nine months ended August 31, 2003
increased by 27,687, or 1%, as compared to the nine months  ended
August  31,  2002.  Our gross profit for the three  months  ended
August  31, 2003 increased by $13,500, or 2%, as compared to  the
three  months  ended  August  31,  2002.   Gross  profits  as   a
percentage of net sales decreased to 26.3% in the nine  months
ended August 31, 2003 from approximately 26.5% in the nine months
ended  August 31, 2002.  The increase in our gross profit  was  a
result of increased sales from new customers. The decrease in the
gross  profit  as a percentage of net sales is a  result  of  the
economic  slowdown of electronic components and industry  pricing
pressures requiring us to lower our prices.

      General  and  administrative expenses for the  nine  months
ended  August 31, 2003 decreased by $561,194, or 22%, as compared
to  the  nine months ended August 31, 2002.  For the three months
ended  August  31,  2003,  general  and  administrative  expenses
decreased  by  $102,550, or 14%, as compared to the three  months
ended  August  31,  2002.   The  decrease  is  primarily  due  to
decreased professional fees and through the Company's efforts  to
reduce overhead.

       Selling  and  shipping expenses for the nine months  ended
August 31, 2003, increased by $47,548, or 6%, as compared to  the
nine  months  ended August 31, 2002.  This increase primarily  is
due  to commissions paid on the increase in sales.  For the three
months  ended  August  31, 2003, selling  and  shipping  expenses
decreased  by  $16,041, or 6%, as compared to  the  three  months
ended  August 31, 2002.  This decrease for the quarter  primarily
is due to less commissions paid on the decrease in sales.

     No  financial  consulting fees and  expenses  were  incurred
during   the  nine  months  ended  August  31,  2003.   Financial
consulting fees and expenses for the nine months ended August 31,
2002  were  $268,850,  representing the cost  of  the  securities
issued  in  payment of such fees.  These fees and  expenses  were
incurred  in  connection with an agreement  with  our  investment
banker  regarding services through May 2001 and reimbursement  of
expenses.   In April 2002, the Company entered into a  settlement
agreement  with  such investment banker, as more fully  explained
below in the liquidity and capital resource section.

     Investment income for the nine months ended August 31,  2003
decreased  by  $27,631, or 64%, as compared to  the  nine  months
ended  August  31, 2002. Investment income for the  three  months
ended  August 31, 2003 decreased by  $4,182, or 53%, as  compared
to  the  three  months ended August 31, 2002.  This  decrease  is
primarily  related  to  our  use  of  cash  and  cash
equivalents to fund losses and the reduction of interest rates on
our invested funds.

      Interest expense increased by $58,565 or 248% for the  nine
months ended August 31, 2003 as compared to the nine months ended
August 31, 2002. Investment expense increased by $3,870, or  28%,
for  the three months ended August 31, 2003, as compared  to  the
three  months  ended August 31, 2002. This increase primarily  is
related to the Company borrowing funds from an asset-based lender
starting in July 2002.

     During  the  year  ended November 30, 2000 and  the  quarter
ended   February   28,   2001,   we  made   certain   potentially
questionable  payments  totaling  approximately  $2,137,000   and
$774,000, respectively.  Such payments were made to the  wife  of
an  employee of one of our suppliers in return for help obtaining
components   from   that   supplier  and   another   distributor.
According  to  management personnel responsible  for  making  the
payments,  prior  to  making  any payment,  the  transaction  was
disclosed  to our legal counsel to determine whether payments  to
an  employee of a supplier would be legal.  Management  personnel
believed  they had received reasonable assurances  at  the  time,
and  thereafter, that such payments were not illegal, so long  as
the  recipient of the payments received an IRS Form 1099, and all
payments  were  made by check.  The costs of such  payments  were
recorded  in our books and records and financial statements.   We
duly  issued  a  Form  1099  to the recipient  of  the  payments.
According to Steven Lubman, Vice President, in mid-March 2001  he
became aware of a document in a criminal proceeding unrelated  to
us  in which similar payments were described as kickbacks.   This
caused  management to seek the affirmation of  the  legal  advice
previously  given.   Legal counsel advised us  by  letter  on  or
about  March  22,  2001,  that,  since  the  payments  had   been
described  in  a  document in the unrelated  criminal  action  as
kickbacks,  disclosure  of the document should  be  made  to  our
auditors,  which  was done.  Such counsel stated  in  the  letter
that  no  conclusion  had been reached that  such  payments  were
kickbacks.   On April 17, 2001, we disclosed in our  Form  10-QSB
Quarterly   Report  filing  that  the  potentially   questionable
payments had been made.

     After  receipt  of  the March 22, 2001  letter  referred  to
above,  the Board determined to investigate the payments and  ask
for  the return of the payments.  The Company requested that  the
$3  million be repaid.  $1 million was repaid to the Company.  In
May  2001,  the law firm of Mintz Levin Cohn Ferris  Glovsky  and
Popeo, P.C. was formally engaged by the Company to assist  in  an
investigation  concerning the payments and to recommend  policies
to  prevent  any similar future payments.  Due, in  part  to  the
previously disclosed resignation of our outside counsel and  such
counsel's   refusal   to   be  interviewed   as   part   of   the
investigation,  we were unable to confirm what legal  advice  was
rendered  as  to the making of such payments.  The  investigation
did   not  uncover  any  additional  payments  similar   to   the
previously  disclosed  "potentially  questionable  payments".  We
have  taken  steps to ensure that such payments are not  made  in
the  future,  including requiring that all payments above  $5,000
be  made  to  a party on a list approved by our audit  committee,
requiring  co-signatures on each check  for  more  than  $10,000,
adopting  a Code of Conduct, and seeking to add additional  Board
and  Audit Committee members, as well as, as soon as economically
feasible, a controller and chief financial officer.  The  Company
has  not  been  contacted by the SEC regarding its  investigation
since  March 2002.  Except for the SEC inquiry referred to above,
we  are  not  aware of any pending proceedings  relating  to  the
potentially questionable payments.

     The  Company  received  a  letter  from  a  lawyer  from   a
collection  agency  dated February 13, 2003  on  behalf  of  Snow
Becker  & Krauss P.C., our former legal counsel ("SBK") asserting
a  claim for legal fees of approximately $665,000.  These charges
are  included in our liabilities on our Balance Sheet  at  August
31,  2003.  These fees relate to services rendered by SBK between
one  and two years ago.  We responded to this letter by disputing
that  the  Company owes these fees and asserting that we  believe
we  have  substantial counterclaims against SBK.  The Company  is
presently  engaged in evaluating how it intends to  proceed  with
these claims.  While we believe we have good claims against  SBK,
we  have  no  assurance that we will be successful  in  asserting
these  claims  against SBK, or whether SBK will be successful  in
its claims against the Company.

       The   Company's   substantial  savings  in   general   and
administrative expenses have significantly reduced the  Company's
loss  in the current fiscal year, but have been partially  offset
by  the  decrease  in the Company's gross profit  percentage  and
increases in selling and interest expenses.

      As a result of the foregoing, the Company on a consolidated
basis had a net loss of $599,595 for the nine months ended August
31,  2003,  as  compared to $1,438,862 for the nine months  ended
August  31,  2002.  The Company had a consolidated  net  loss  of
$139,382 for the three months ended August  31,  2003,  as
compared  to  consolidated net loss of  $278,652  for  the  three
months ended August 31, 2002.


Liquidity and Capital Resources
-------------------------------

     Working capital decreased by $439,180 during the nine months
ended  August 31, 2003 from $2,459,548 at November 30,  2002,  to
$2,020,368, at August 31, 2003. This decrease resulted  primarily
from  the  decrease  in  inventory  and  accrued  expenses,   the
repayment  of  debt  and as partially offset by  an  increase  in
accounts  payable  and  accounts receivable.  Our  current  ratio
decreased from 1.8:1 at November 30, 2002, to 1.7:1 at August 31,
2003.  Inventory turned 3.1 times during the  nine months ended
August 31, 2003 as compared to 2.8 times during  the
nine months ended August 31, 2002. The average number of days  to
collect  receivables increased to 57 days from  54  days.  We
believe  that working capital levels and available financing  are
adequate  to meet the current operating requirements  during  the
next twelve months.

     In July 2002, the Company entered into a financing agreement
(the  "Financing  Agreement") with  an  asset-based  lender  (the
SLender") providing for borrowings up to $1,000,000 (the  "Credit
Line"). Borrowings under the Credit Line accrue interest  at  the
greater  of the prime rate plus two percent (2.0%) or  6.75%  per
annum (6.75% at August 31, 2003). The Company pays one-quarter of
one  percent (1/4 of 1%) annually as an unused line fee  for  the
difference  between $1,000,000 and the average daily  outstanding
balance  under the Credit Line. The Credit Line is collateralized
by  substantially all the Company's non-cash assets and  contains
various  financial  covenants pertaining to  the  maintenance  of
working  capital and tangible net worth.  At August 31, 2003,  we
were not in compliance with the tangible net worth covenant.   We
anticipate continuing to be not in compliance with such  covenant
during  Fiscal 2003.  As such, the Lender may declare the Company
in  default  at  any  time  and has the following  rights,  among
others: (1) to demand immediate repayment of borrowings under the
Credit  Line; (2) to receive a charge at the rate of two  percent
per  month  upon the unpaid balance of the obligations under  the
Financing Agreement (the "Obligations") from the date of  default
until  the  date  of  our full payment of the Obligations,  which
charge  is  in  lieu  of  interest; (3)  to  receive  all  costs,
disbursements,  charges  and  expenses  that  it  incurs  in  the
collection   and   enforcement  of  the  Obligations,   including
attorneys  fees; and (4) to enforce payment of or settle  any  of
our  receivables and apply the net cash proceeds  resulting  from
such  payment  or  settlement to the payment of the  Obligations.
While  we  do not believe that the Lender will elect to  exercise
such rights, if it did so at an inopportune time for the Company,
it  could  result in a severe liquidity crisis for  the  Company,
forcing  us  to use our available cash, which may or may  not  be
sufficient, and obtain alternative financing at a difficult time.

      We   incur   substantial  operating  costs.   These   costs
principally   consist  of  rent,  payroll,   professional   fees,
insurance premiums and marketing related charges. Our ability  to
operate  profitably  in the future depends  on  increasing  sales
levels  and decreasing our expenses. To accomplish this goal,  we
are  attempting to streamline our operations and reviewing  other
possible areas of cost reductions.

      Our headquarters are leased from a company owned by certain
of our officers, directors and shareholders. Rental costs for the
premises  were approximately $150,000 for the nine  months  ended
August  31,  2003. The lease agreement calls for a three  percent
(3%)  increase  each  year  and terminates  September  30,  2010.
Amortization  of the leasehold improvements is made ratably  over
the  shorter of the ten-year term of the lease or the life of the
improvements.

      In  November  2002, the Board of Directors  authorized  the
repurchase  of  up  to 1,000,000 shares of the  Company's  common
stock at a price between $.04 and $.045. No action has been taken
on  the above authorization, since the stock is currently trading
at a higher amount.

      During  the nine months ended August 31, 2003, we  had  net
cash  used  in operating activities of $645,013, as  compared  to
$1,443,116  in  the  nine  months ended  August  31,  2002.   The
decrease  in cash used in operating activities  resulted
from the decrease in the Company's net loss,and decreases in accrued
expenses  and  inventory,  partially offset  by  an  increase  in
accounts receivable.

     We had net cash used in investing activities of $34,444 for
the  nine  months ended August 31, 2003, as compared to net  cash
provided  by  investing  activities of $1,686,420  for  the  nine
months  ended  August 31, 2002. The net cash  used  in  investing
activities during the nine months ended August 31, 2003  resulted
primarily  from the purchase of marketable securities  and  fixed
assets.

     We  had  net  cash  used in financing activities of $84,541
as  compared  to  net cash provided by financing  activities  of
approximately  $255,455  for the nine months  ended  August  31,
2002.  The  cash  used in financing activities during  the  nine
months ended August 31, 2003 was a result of the payments to the
credit line.

     As  a  result  of  the foregoing, the  Company  had  a  net
decrease  in  cash and equivalents of $763,998 during  the  nine
months  ended August 31, 2003, as compared to a net increase  in
cash  and  equivalents of $498,759 for the nine months  ended
August 31, 2002.

      In April 2002, in connection with a Mutual Release, Settle
ment,  Standstill and Non-Disparagement Agreement by  and  among
the  Company and Equilink Capital Partners, LLC, Robert  DePalo,
Old   Oak   Fund   Inc.  and  Kenneth  Orr  (collectively,   the
"Investors"), the Investors released the Company from  potential
claims   relating  to  services  provided  by   the   Investors,
transferred  back to the Company 252,000 Common  Shares,  19,300
shares  of  Series  C  preferred stock,  and  certain  warrants,
representing  all  of  the  Company's  securities  held  by  the
Investors,  and agreed, among other things, not to purchase  any
securities  of the Company and not to disparage the  Company  in
any  manner, in exchange for $225,000.  In addition, the Company
and the Investors mutually agreed to release each other from all
claims  each  party  had, now has, or in the future  might  have
against  the  other.   The Company recorded a  $194,000  expense
during Fiscal 2002 in connection with this settlement.

     In  March  2002,  we  entered into  an  agreement  with  two
shareholders  to settle a dispute as to the form  of  payment  of
interest  on certain 12% Convertible Promissory Notes. We  agreed
to  pay  these shareholders an aggregate of $32,854, in  exchange
for 17,522 Common Shares issued to them for converted interest.

     In  July  2000, Surge entered into a joint venture agreement
with  Lelon  (a  supplier of component parts to  Surge)  to  form
Surge/Lelon  LLP, a Delaware limited liability partnership.   The
Company  has  membership interests in the joint venture  totaling
55%.  Operations commenced in August 2002.  These operations have
been  consolidated with those of the Company.  The  ownership  of
Lelon in this joint venture, totaling 45%, has been reported as a
minority  interest. This joint venture was started  in  order  to
more effectively market the products of the Lelon name brand.  To
date, these operations have been relatively small.

     In  May 2002, Surge and an officer of Surge became the  sole
owners  of  Surge  Components, Limited, a Hong Kong  corporation.
Under  current  Hong  Kong  law,  Surge  Components,  Limited  is
required to have at least two shareholders. Surge owns 999 shares
of  the outstanding common stock and an officer of Surge owns one
share  of the outstanding common stock. The officer of Surge  has
assigned  his rights regarding his one share to Surge. Operations
commenced  in July 2002.  These operations have been consolidated
with  those of the Company. Surge Components, Limited was created
to better position the Company in the Asian markets.

     We  purchase a significant amount of our products  from  the
Asian  market  and  in addition a number of  our  customers  have
factories located in Asia. Surge Components Limited will help  us
service  these  clients more effectively  and  in  addition  will
assist in the obtaining of new opportunities.


Inflation And Increasing Interest Rates
---------------------------------------

     In  the  past  two fiscal years, inflation  has  not  had  a
significant  impact  on our business.  However,  any  significant
increase in inflation and interest rates could have a significant
effect  on the economy in general and, thereby, could affect  our
future  operating  results.  In addition,  the  interest  on  the
Company's  line  of  credit is based upon the  prime  rate.   Any
significant increase in the prime rate could significantly impact
our future operating results.



Item 3.      Controls and Procedures.
             -----------------------

      The Company maintains "disclosure controls and procedures,"
as  such  term  is defined in Rules 13a-15e and  15d-15e  of  the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
that  are  designed  to ensure that information  required  to  be
disclosed  in  our  reports, pursuant to  the  Exchange  Act,  is
recorded,  processed,  summarized and reported  within  the  time
periods  specified in the SEC's rules and forms,  and  that  such
information   is  accumulated  and  communicated  to  management,
including   the  Chief  Executive  Officer  and  Chief  Financial
Officer, as appropriate, to allow timely decisions regarding  the
required  disclosures. In designing and evaluating the disclosure
controls  and  procedures, management  has  recognized  that  any
controls  and  procedures,  no  matter  how  well  designed   and
operated, can provide only reasonable assurances of achieving the
desired   control  objectives,  and  management  necessarily   is
required  to  apply its judgment in evaluating the  cost  benefit
relationship of possible controls and procedures.

      The  Company's Chief Executive Officer and Chief  Financial
Officer  (its principal executive officer and principal financial
officer,  respectively) has evaluated the  effectiveness  of  its
"disclosure controls and procedures" as of the end of the  period
covered  by  this Quarterly Report on Form 10-QSB. Based  on  his
evaluation,   the  principal  executive  officer  and   principal
financial   officer  concluded  that  the  Company's   disclosure
controls  and procedures are effective. There were no significant
changes  in  the Company's internal controls or in other  factors
that could significantly affect these controls subsequent to  the
date the controls were evaluated.


                   PART II   OTHER INFORMATION

Item 1.   Legal Proceedings.

     By  letters dated October 9, 2001 and January 17,  2002,  we
were  contacted by the SEC regarding the potentially questionable
payments  previously  disclosed, in which we  were  requested  to
voluntarily furnish various documents.  By letters dated  October
23,  2001  and  November 28, 2001, we voluntarily  responded  and
provided  the  SEC  with such documents. On March  13,  2002,  we
provided a supplemental response to the SEC.  We have not had any
contact  with,  or received any letters from, the SEC  concerning
this matter since March 2002.

      On  or  about  March  8, 2002, Superus  filed  a  voluntary
petition  seeking  relief under Chapter 7 of  the  United  States
Bankruptcy  Code  (the "Code") (Title 11) in  the  United  States
Bankruptcy  Court for the District of Delaware.   A  trustee  was
appointed  in  the  case and he held a meeting  of  creditors  as
required  by the Code.  On June 18, 2002, the trustee  filed  his
report  with the Court stating that the case was a no asset  case
that  had  been  fully  administered and requesting  that  it  be
discharged.   There have been no objections filed to the  report.
The deadline for filing any objections to discharge Superus' debt
has  passed.  The Court has not yet approved the trustee's report
or closed the case.


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

     (a)  Exhibits.

       3.1     Certificate of Incorporation of the Company,  as
               amended.(1)

       3.2      By-Laws of the Company.(1)

      31.1      Certification pursuant to Section 302 of
                the Sarbanes-Oxley Act of 2002.

      32.1      Certification pursuant to 18 U.S.C.
                Section 1350, as adopted pursuant to Section 906
                of the Sarbanes-Oxley Act of 2002.

                (1)  Incorporated by reference from the  Company's
                Registration  Statement on Form SB-2  (No  333-630
                NY)  declared  effective  by  the  Securities  and
                Exchange Commission on July 31, 1996.


     (b)  Reports on Form 8-K.

          On July 17, 2003, the Company filed a Current Report on
     Form  8-K  with  the Securities and Exchange  Commission  to
     disclose  the  issuance  of a press release  announcing  its
     results  of operations for its fiscal quarter ended May  31,
     2003.
                           SIGNATURES
                           ----------


     In  accordance  with the requirements of the  Securities
  Exchange Act of 1934, the registrant caused this report  to
  be  signed on its behalf by the undersigned, thereunto duly
  authorized.

                                 SURGE COMPONENTS, INC.



                                  By:/s/Ira Levy
                                     ------------------------
                                    Ira Levy
                                    Chief Executive Officer
                                    and President (Principal
                                    Executive and Financial
                                    Officer)


  Dated:  October 7, 2003






                                                     Exhibit 31.1
                    CERTIFICATION PURSUANT TO
          SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

     I, Ira Levy, certify that:

1.   I have reviewed this Quarterly Report on Form 10-QSB of
     Surge Components, Inc.;

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

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

4.   The  registrant's other certifying officer(s) and I are
     responsible for establishing and maintaining disclosure
     controls and procedures (as defined in Exchange Act Rules
     13a-15(e) and 15d-15(e)) and internal control over financial
     reporting (as defined in Exchange Act Rules 13a-15(f) and
     15d-15(f)) for the registrant and have:

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

     (b)  Designed  such  internal  control  over  financial
          reporting,  or caused such internal  control  over
          financial  reporting  to  be  designed  under  our
          supervision,   to  provide  reasonable   assurance
          regarding  the reliability of financial  reporting
          and  the  preparation of financial statements  for
          external  purposes  in accordance  with  generally
          accepted accounting principles;

     (c)  Evaluated  the  effectiveness of the  registrant's
          disclosure  controls and procedures and  presented
          in   this   report  our  conclusions   about   the
          effectiveness  of  the  disclosure  controls   and
          procedures, as of the end of the period covered by
          this report based on such evaluation; and

     (d)  Disclosed  in  this  report  any  change  in   the
          registrant's   internal  control  over   financial
          reporting  that  occurred during the  registrant's
          most   recent  fiscal  quarter  (the  registrant's
          fourth  fiscal quarter in the case  of  an  annual
          report)  that  has  materially  affected,  or   is
          reasonably   likely  to  materially  affect,   the
          registrant's   internal  control  over   financial
          reporting; and

5.   The registrant's other certifying officer(s) and I have
     disclosed, based on our most recent evaluation of internal
     control  over  financial reporting, to the registrant's
     auditors and the audit committee of the registrant's board
     of  directors  (or  persons performing  the  equivalent
     functions):

     (a)  All    significant   deficiencies   and   material
          weaknesses in the design or operation of  internal
          control   over  financial  reporting   which   are
          reasonably   likely   to  adversely   affect   the
          registrant's ability to record, process, summarize
          and report financial information; and

     (b)  Any  fraud, whether or not material, that involves
          management   or  other  employees   who   have   a
          significant  role  in  the  registrant's  internal
          control over financial reporting.

Date: October 7, 2003
                           /s/Ira Levy
                           -------------------------------------
                           Ira Levy
                           Chief Executive Officer and President
                           (Principal Executive and Financial
                           Officer)



                                                     Exhibit 32.1



                    CERTIFICATION PURSUANT TO
                     18 U.S.C. SECTION 1350,
                     AS ADOPTED PURSUANT TO
          SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In connection with the Quarterly Report of Surge Components,
Inc.  (the "Company") on Form 10-QSB for the period ending August
31, 2003, as filed with the Securities and Exchange Commission on
the  date  hereof  (the  "Report"), Ira  Levy,  President,  Chief
Executive  Officer, and Chief Financial Officer  of  the  Company
certifies,  pursuant  to  18  U.S.C.  Section  1350,  as  adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,  that,
to the best of his knowledge:

          (1)  The Report fully complies with the requirements of
Section 13(a) or Section 15(d) of the Securities Exchange Act  of
1934; and

          (2)   The  information contained in the Report  fairly
presents,  in all material respects, the financial condition  and
result of operations of the Company.




October 7, 2003            /s/Ira Levy
                           -------------------------------------
                           Ira Levy
                           Chief Executive Officer and President
                           (Principal Executive and Financial
                           Officer)


      This  certification  accompanies  the  Report  pursuant  to
Section  906  of  the Sarbanes-Oxley Act of 2002 and  shall  not,
except to the extent required by the Sarbanes-Oxley Act of  2002,
be  deemed filed by the Company for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended.