<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB/A

                                   (Mark One)

            [ X ]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                      THE SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2003

                                       OR

   [ ]TRANSITION REPORT UNDER SECTION 13 OF 15(D) OF THE EXCHANGE ACT OF 1934

          From the transition period from ___________ to ____________.

                        Commission File Number 000-31735

                             MICROSIGNAL CORPORATION
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

             Nevada                                        91-1997729
  ----------------------------                 ---------------------------------
  (State or other jurisdiction                 (IRS Employer Identification No.)
of incorporation or organization)


                 345 Southpointe Boulevard, Canonsburg, PA 15317
                 -----------------------------------------------
                    (Address of principal executive offices)

                                 (724) 746-9476
                           ---------------------------
                           (Issuer's telephone number)

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

         Indicate by check mark whether the registrant (1) filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days:

                                 Yes : X No ____

As of November 18, 2003 there were 95,323,714 shares of Common Stock of the
issuer outstanding.


<PAGE>

                                TABLE OF CONTENTS

                          PART I FINANCIAL STATEMENTS


<TABLE>
<CAPTION>
<S>                                                                          <C>
Item 1     Financial Statements                                               3

Item 2     Management's Discussion and Analysis or Plan of Operation          8
Item 3.    Controls and Procedures                                           10

                           PART II OTHER INFORMATION

Item 1     Legal Proceedings                                                  11
Item 2     Changes in Securities                                              11
Item 3     Default upon Senior Securities                                     11
Item 4     Submission of Matters to a Vote of Security Holders                11
Item 5     Other Information                                                  11
Item 6     Exhibits and Reports on Form 8-K                                   11
</TABLE>


<PAGE>


                          PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                             MICROSIGNAL CORPORATION
                                  BALANCE SHEET
                               SEPTEMBER 30, 2003
                                   (Unaudited)

<TABLE>
<CAPTION>
                                            ASSETS

<S>                                                                                              <C>
Current assets
  Cash                                                                                           $            4,650
  Prepaid expenses                                                                                            5,742
                                                                                                 ------------------
    Total current assets                                                                                     10,392

Property and equipment, net of accumulated depreciation of
  $594,420                                                                                                   13,351

Other assets                                                                                                 22,036
                                                                                                 ------------------
                                                                                                 $           45,779
                                                                                                 ==================

                             LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
  Accounts payable                                                                               $           68,503
  Accrued expenses                                                                                          169,610
  Lease payable                                                                                              38,650
  Accrued interest payable                                                                                  877,571
  Notes payable                                                                                             774,339
  Notes payable - shareholders                                                                            1,367,650
  Deposits                                                                                                   40,000
                                                                                                 ------------------
    Total current liabilities                                                                             3,336,323

Commitments

STOCKHOLDERS' DEFICIT:
  Common stock, $.001 par value, 200,000,000 shares
    authorized, 54,239,180 shares issued and outstanding                                                     54,239
  Additional paid in capital                                                                              2,302,999
  Accumulated deficit                                                                                    (5,647,782)
                                                                                                 ------------------
                                                                                                         (3,290,544)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                      $           45,779
                                                                                                 ==================
</TABLE>

                                       1
<PAGE>


                             MICROSIGNAL CORPORATION
                            STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                    Three Months Ended                      Nine Months Ended
                                                      September 30,                            September 30,
                                          -------------------------------------    -----------------------------------
                                                 2003                 2002               2003                2002
                                          ------------------    ---------------    ----------------    ---------------
                                             (Unaudited)          (Unaudited)         (Unaudited)         (Unaudited)
<S>                                       <C>                   <C>                <C>                 <C>
Revenues                                  $            --       $           --     $            --     $           --
Cost of revenues                                       --                   --                  --                 --
                                          ---------------       --------------     ---------------     --------------
Gross margin                                           --                   --                  --                 --

Cost and Expenses:
  General and administrative                      204,321                   --             641,665              2,656
                                          ---------------       --------------     ---------------     --------------

Loss from operations                             (204,321)                  --            (641,665)            (2,656)

Interest expense                                   45,000               40,000             121,671            116,671
                                          ---------------       --------------     ---------------     --------------

Net loss                                  $      (249,321)      $      (40,000)    $      (763,336)    $     (119,327)
                                          ===============       ==============     ===============     ==============

Net loss per share:
  Net loss basic and diluted              $         (0.01)      $        (0.01)    $         (0.02)    $        (0.03)
                                          ==================      ===============  ===============     ==============

Weighted average shares
  outstanding:
    Basic and diluted                          54,022,792            4,396,339          43,131,099          4,396,339
                                          ===============       ==============     ===============     ==============
</TABLE>


                                       2
<PAGE>


                             MICROSIGNAL CORPORATION
                             STATEMENTS OF CASHFLOWS

<TABLE>
<CAPTION>
                                                                              Nine                 Nine
                                                                             Months                Months
                                                                              Ended                Ended
                                                                          September 30,        September 30,
                                                                       -----------------    ------------------
                                                                             2003                  2002
                                                                       -----------------    ------------------
                                                                          (Unaudited)            (Unaudited)

<S>                                                                    <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                               $      (763,366)     $        (119,327)
Adjustments to reconcile net loss to cash used by
  operating activities:
    Common stock for services                                                  409,750                     --
Net change in:
  Prepaid expenses                                                              (5,742)                    --
  Accounts payable and accrued expenses                                         88,821                     --
  Accrued interest payable                                                     121,671                116,671
                                                                       ---------------      -----------------

CASH FLOWS USED IN OPERATING
  ACTIVITIES                                                                  (148,866)                (2,656)
                                                                       ---------------      -----------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Capital expenditures                                                         (13,351)                    --
                                                                       ---------------      -----------------

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from shareholder notes payable                                        164,900                     --
                                                                       ---------------      -----------------

NET INCREASE (DECREASE) IN CASH                                                  2,683                 (2,656)
Cash, beg. of period                                                             1,967                  2,709
                                                                       ---------------      -----------------
Cash, end of period                                                    $         4,650      $              53
                                                                       ===============      =================

SUPPLEMENTAL CASH FLOW INFORMATION
  Interest paid                                                        $            --      $              --
  Income taxes paid                                                    $            --      $              --

NON-CASH TRANSACTIONS:
  Issuance of common stock for assets                                  $        12,490      $              --
</TABLE>


                                       3
<PAGE>


                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2003
                                   (Unaudited)

1.       GENERAL

The balance sheet of MicroSignal as of September 30, 2003, the related
statements of operations for the three and nine months ended September 30, 2003
and 2002 and the statements of cash flows for the nine months ended September
30, 2003 and 2002 included in the financial statements have been prepared by
MicroSignal without audit. In the opinion of management, the accompanying
condensed financial statements include all adjustments (consisting of normal,
recurring adjustments) necessary to summarize fairly MicroSignal's financial
position and results of operations. The results of operations for the three and
nine months ended September 30, 2003 are not necessarily indicative of the
results of operations for the full year or any other interim period. The
information included in this Form 10-QSB should be read in conjunction with
Management's Discussion and Analysis and Financial Statements and notes thereto
included in MicroSignal's December 31, 2002 Form 10-KSB.

NOTE 2 - OTHER ASSETS

Other assets include a patent designed to improve the quality and efficiency of
magnetic resonance imaging ("MRI") systems and barcode technology acquired in
April 2003.

NOTE 3 - COMMON STOCK

On April 1, 2003, MicroSignal acquired 100% of the issued and outstanding shares
of Exxcode, Inc. for 25,000,000 shares of common stock valued at $12,490.
Exxcode has a proprietary bar code technology, which is used for tracking
medical records, x-rays and MRI's. The bar code can track MicroSignal's
technology. The barcode technology was recorded at the sellers' historical cost.

During the nine months ending September 30, 2003, MicroSignal issued 4,950,000
shares of common stock for services valued at $409,750.


                                       4
<PAGE>


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
               OR PLAN OF OPERATION

FORWARD LOOKING STATEMENTS

         When used in this Form 10QSB and in future filings by MicroSignal
Corporation with the Securities and Exchange Commission, the words or phrases
"will likely result," "management expects," or we expect," "will continue," "is
anticipated," "estimated," or similar expression or use of the future tense, are
intended to identify forward looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Readers are cautioned not to
place undue reliance on any such forward-looking statements, each of which speak
only as of the date made. These statements are subject to risks and
uncertainties, some of which are described below and others are described in
other parts of this Form 10QSB. Actual results may differ materially from
historical earnings and those presently anticipated or projected. We have no
obligation to publicly release the result of any revisions that may be made to
any forward-looking statements to reflect anticipated events or circumstances
occurring after the date of such statements.

BUSINESS

         MicroSignal Corporation (the "Company) was incorporated on August 21,
1987 as "Ragen Corporation" under the laws of the State of Nevada. On October
21, 1999, the Company entered into a reverse merger pursuant to Rule
368(a)(1)(B)if the Internal Revenue Code of 1986 as amended. Pursuant to this
reverse merger, the Company acquired 100% of the common stock of Pro Glass
Technologies, Inc., a Canadian corporation with three wholly owned subsidiaries
in exchange for the issuance of 17,714,000 shares of the Company's common stock.
The Company changed its name to "Pro Glass Technologies, Inc." and increased the
number of authorized common shares to 50,000,000 at that time. Pro Glass
Technologies, Inc. is the predecessor due to the reverse merger and Ragen was
the legal survivor. Pro Glass Technologies, Inc. was a holding company.

         Upon completion of the merger, the Company began engaging in the auto
glass repair and replacement business under "Windshield Superstores, Ltd." in
Calgary, Alberta. Fran Aiello became the President and CEO of the Company at
that time.

         On September 10, 2002, the Company entered into an Agreement and Plan
of reorganization with MicroSignal Corporation, a Pennsylvania corporation, and
exchanged 100% of the MicroSignal common stock in exchange for the issuance of
17,051,344 shares of the Company's common stock, or 94% of the Company. At that
time, the Company changed its name to "MicroSignal Corporation". At the same
time, the Company sold its auto glass repair and replacement business to its
former president, Frank Aiello, in change for the return of 150,000 shares of
the Company's common stock owned by him. Mr. Aiello assumed responsibility for
all the debts and liabilities of the auto glass repair and replacement business.
For accounting purposes, this transaction was treated as an acquisition of Pro
Glass and a recapitalization of MicroSignal, MicroSignal is the accounting
acquirer and the results of its operations carry over. Accordingly, the
operations of the Company while Pro Glass are not carried over and are adjusted
to $0. As part of this transaction, the Company's fiscal year end changed from
September 30 to December 31.


                                       5
<PAGE>

         The Company has developed a product designed to improve the quality and
efficiency of magnetic resonance imaging ("MRI") systems. The product consists
of a combination of hardware and software compatible with all MR machines,
designed to improve the image quality as well as the display of the final MRI
exam. At the core of the system is a totally novel method of reconstructing the
MR information obtained by the machine (the raw data), developed by Dr. Jeffery
Taft. The Company's product uses a unique algorithm, exchange analytic
computation technique (EXACT), which decouples the size of the raw data from the
image matrix size and overcomes a lot of the inherent limitations of the Fourier
transformations. The technology allows tremendous flexibility once the MRI data
has been acquired; it is possible using SLICES(TM) to obtain sharply magnified
images, up to ten times the original magnification, without creating pixel
artifacts inherent to the optical zoom provided by all manufacturers. The major
benefits of MSC's SLICES technology are:

Increased information extraction

        o        Helps with the elimination of some artifacts
        o        Improves the radiologist's productivity
        o        Reduces patient re-scan and call back
        o        Reduces patient scan time
        o        Reduces film costs

         The Company intends to proceed with marketing and sales of the
Company's proprietary product.

         Significant opportunities exist for follow-on product both in MRI and
in other computed medical imaging applications such as CAT scan and nuclear
medicine. Exciting opportunities exist to apply new proprietary MicroSignal
Corporation technology to stroke prediction, breast cancer detection and cardiac
evaluation, thus expanding MRI into use for the top three disease conditions in
the U.S. Sales opportunities for these additional products are in the billions
of dollars.


                                       6
<PAGE>

         Additional opportunities exist to make use of the Internet to perform
high-end teleradiology and Picture Archiving and Control. MicroSignal
Corporation can become the preferred channel not only for computing and
displaying medical images, but also for transporting them. The transport, if
done properly, can result in an ongoing revenue stream valued in the hundreds of
millions of dollars per year within five years. There can be no assurances that
the Company will see these results. Future revenues are dependent upon the
Company being able to secure outside financing and raising additional capital to
enable it to commence operations in a meaningful manner, neither of which the
Company has commitments to receive. Until such time as the Company is able to
secure additional financing through loans or capital raising, the Company's
efforts to commence revenue-producing operations will have to be scaled back.

FINANCIAL CONDITION AND CHANGES IN FINANCIAL CONDITION

OVERALL OPERATING RESULTS:

         The Company plans to seek financing and capital to allow it to exploit
this technology as well as to enhance and improve on this technology. During
2003, the Company intends to seek the necessary financing to allow it to
implement its business plan and to commence operations in a meaningful way.

          We have had no revenues for the three and nine months ended September
30, 2003 and 2002, respectively.

         Our operating expenses for the quarter ended September 30, 2003 were
$204,321 and were primarily incurred for salaries, consulting, rent and other
services rendered in connection with our financial reporting obligations with
the Securities and Exchange Commission as well as stock transfer agent fees and
financial consulting. Operating expenses for the prior year quarter ended
September 30, 2002 totaled $0.

         Our operating expenses for the nine months ended September 30, 2003
were $641,665 and were primarily incurred for salaries, consulting, rent and
other services rendered in connection with our financial reporting obligations
with the Securities and Exchange Commission as well as stock transfer agent
fees. Operating expenses for the nine months ended September 30, 2002 totaled
$2,656 for general expenses.


                                       7
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES:

         The Company has approximately $10,000 in current assets compared to
current assets of approximately $2,000 for the year ended December 31, 2002. The
Company's current liabilities for the period ended September 30, 2003 are
approximately $3,336,000 compared to current liabilities of approximately
$2,960,000 for the year ended December 31, 2002. The current assets for the
period ended September 30, 2003 consisted of cash of $4,650. Total assets were
approximately $12,000 for the year ended December 31, 2002 composed of the
Company's patent of approximately $9,500 and its cash.

         At September 30, 2003, the Company had negative working capital of
approximately $3,326,000 which consisted of current assets of approximately
$10,000 and current liabilities of approximately $3,336,000. At December 31,
2002, the Company had negative working capital of approximately $2,961,000 which
consisted of current assets of approximately $2,000 assets and current
liabilities of approximately $2,963,000. The current liabilities of the Company
at September 30, 2003 are composed primarily of notes payable to shareholders of
$1,367,650, notes payable of $774,339, accrued interest payable of $877,571,
accrued expenses of $169,610, lease payable of $38,650, deposits of $40,000 and
accounts payable of $68,503.

         The Company will attempt to carry out its business plan as discussed
above. The Company cannot predict to what extent its lack of liquidity and
capital resources will hinder its business plan prior to commencement of its
proposed operations.

NEED FOR ADDITIONAL FINANCING

         The Company's existing capital is not be sufficient to meet the
Company's cash needs, including the costs of compliance with the continuing
reporting requirements of the Securities Exchange Act of 1934, as amended.

         No commitments to provide additional funds have been made by management
or other stockholders. Accordingly, there can be no assurance that any funds
will be available to the Company to allow it to cover its expenses.

         The Company might seek to compensate providers of services by issuances
of stock in lieu of cash.

Employees

         As of September 30, 2003, the Company had three employees.

DESCRIPTION OF PROPERTIES

         The Company presently leases office space on a three-year lease, which
ends in September 2005. The monthly lease payment is $1,854. The Company
anticipates that this space is sufficient for the near future.


                                       8
<PAGE>

Inflation

         The Company's results of operations have not been affected by inflation
and management does not expect inflation to have a significant effect on its
operations in the future.

ITEM 3.  CONROLS AND PROCEDURES

Disclosure controls and procedures are controls and other procedures that are
designed to ensure that information required to be disclosed in company reports
filed or submitted under the Securities Exchange Act of 1934 (the "Exchange
Act") is recorded, processed, summarized and reported, within the time periods
specified in the Securities and Exchange Commission's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in
company reports filed under the Exchange Act is accumulated and communicated to
management, including the Company's Chief Executive Officer and Chief Financial
Officer (the "Certifying Officers"), as appropriate to allow timely decisions
regarding required disclosure.

          As required by Rules 13a-15 and 15d-15 under the Exchange Act, the
Certifying Officers carried out an evaluation of the effectiveness of the design
and operation of the Company's disclosure controls and procedures as of
September 30, 2003. Their evaluation was carried out with the participation of
other members of the Company's management. Based upon their evaluation, the
Certifying Officers concluded that the Company's disclosure controls and
procedures were effective.

     The Company's internal control over financial reporting is a process
designed by, or under the supervision of, the Certifying Officers and effected
by the Company's Board of Directors, management and other personnel, to provide
reasonable assurance regarding the reliability of the Company's financial
reporting and the preparation of the Company's financial statements for external
purposes in accordance with generally accepted accounting principles. Internal
control over financial reporting includes policies and procedures that pertain
to the maintenance of records that in reasonable detail accurately and fairly
reflect the transactions and dispositions of the Company's assets; provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of the Company's financial statements in accordance with generally
accepted accounting principles, and that the Company's receipts and expenditures
are being made only in accordance with the authorization of the Company's Board
of Directors and management; and provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use or disposition
of the Company's assets that could have a material effect on its financial
statements. There has been no change in the Company's internal control over
financial reporting that occurred in the quarter ended September 30, 2003, that
has materially affected, or is reasonably likely to affect, the Company's
internal control over financial reporting.


                                       9
<PAGE>


PART II OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None

ITEM 2. CHANGES IN SECURITIES

         On February 7, 2003 MicroSignal entered into a Collateral Loan
Agreement and Promissory Note for up to $1,500,000 which would be secured by
93,750,000 shares of common stock. The loan has not yet been funded but the
shares have been issued and are being held pending funding of the loan.

         In April 2003, MicroSignal issued Matthew G. McConaghy 1,370,000 shares
of common stock for services rendered. At the same time, MicroSignal issued an
additional 1,200,000 shares to Robert Taulli for services to be provided to
MicroSignal. These shares were registered on a Form S-8 Registration Statement.

         In April 2003, MicroSignal issued 25,000,000 shares of its common stock
in restricted form to the shareholders of Exxcode, Inc., a Nevada corporation,
in connection with the Company's acquisition of Exxcode.

         In April 2003, MicroSignal issued 325,000 shares of its common stock
for services rendered.

         In May 2003, MicroSignal issued 1,055,000 shares of its common stock
for services rendered.

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


                                       10
<PAGE>

Exhibit Number                      Name of Exhibit

31.1                    Certification of Chief Executive Officer, pursuant to
Rule  13a-14(a)  of  the  Exchange  Act,  as  enacted  by  Section  302  of  the
Sarbanes-Oxley Act of 2002.

31.2                    Certification of Chief Financial Officer, pursuant to
Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the
Sarbanes-Oxley Act of 2002.

32.1                    Certification of Chief Executive Officer and Chief
Financial Officer, pursuant to 18 United States Code Section 1350, as enacted by
Section 906 of the Sarbanes-Oxley Act of 2002.


b. Reports on Form 8-K

None.

Signatures

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

(Registrant)      MICROSIGNAL CORPORATION

                  By       /s/  Dr.  Lawrence Madoff
                           ---------------------------
                           Dr.  Lawrence Madoff, CEO

                  Date:    January 6, 2003

                  By:      /s/ Abdrea Lindsay
                           ----------------------------
                           Abdrea Lindsay, CFO

                  Date:    January 6, 2003


                                       11