UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                               Amended Form 10-QSB

          (Mark one)

            [ X ] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                 For the quarterly period ended: March 31, 2002

             [ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

          For the transition period from ____________ to _____________


                         Commission file number: 0-16179
                                                 -------

                                   Gexa Corp.

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


           Texas                                         76-0670175
           -----                                         ----------

(State or other jurisdiction of              (IRS Employer Identification No.)
 incorporation or organization)

 24 Greenway Plaza, Suite 1826, Houston, TX                 77046
 ------------------------------------------                 -----
  (Address of principal executive offices)                (Zip Code)


                                 (713)-961-9399
                           (Issuer's telephone number)


                                 Gexa Gold Corp.
              (Former Name, former address and former fiscal year,
                          if changed since last report)

Check whether the issuer (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 report (s), and (2) has
been subject to such filing requirements for the past 90 days. Yes [ ] No [X]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:
Common Stock, $.01 par value 7,377,022 shares outstanding as of March 31, 2002
Transitional Small Business Disclosure Format: Yes __ No X
                                                         -

<PAGE>


TABLE OF CONTENTS

                        PART I. FINANCIAL INFORMATION               Page

Item 1. Financial Statements                                          3
Item 2. Management's Plan of Operation                                8

                           PART II. OTHER INFORMATION

Item 1. Legal Proceedings                                             9
Item 2. Changes in Security                                           9
Item 3. Default Upon Senior Securities                                9
Item 4. Submission of Matters to a Vote of Security Holders           9
Item 5. Other Information                                             9
Item 6. Exhibits and Reports on Form 8-K                              9

                          PART I FINANCIAL INFORMATION

Item 1. Financial Statements

Set forth below are the financial statements for the Company for the three month
periods ended March 31, 2002.


                          INDEX TO FINANCIAL STATEMENTS
                                                                    Page

Balance Sheets March 31, 2002 and 2001 (Unaudited)                    3

Statement of Operations for the Three Months ended March 31, 2002
and 2001 (Unaudited)                                                  5

Statement of Cash Flow for the Three-Months ended March 31, 2002 and  6
2001 (Unaudited)

Notes to Financial Statements                                         7


                                       2
<PAGE>

<TABLE>

<CAPTION>

                                                       GEXA CORPORATION
                                                         BALANCE SHEET
                                                          (Unaudited)

<S>                                                  <C>                           <C>
                                               March 31,                  December 31,
                         ASSETS                  2002                         2001
                                          --------------------      -----------------------
                                               (Unaudited)
Current assets:
  Cash and cash equivalents               $          1,140,873      $               585,514
  Accounts receivable                                  324,731                            -
  Employee advances                                      4,000                            -
                                          --------------------      -----------------------
  Total current assets                               1,469,604                      585,514
                                          --------------------      -----------------------

Property and equipment:
  Office equipment                                       8,569                            -
  Computer equipment                                     4,711                        1,550
  Computer software                                      1,572                            -
                                          --------------------      -----------------------
                                                        14,852                        1,550

  Less:  Accumulated depreciation                          312                           78
                                          --------------------      -----------------------
      Net property and equipment                        14,540                        1,472
                                          --------------------      -----------------------

Other assets:
  EZ-Utilities website                                  85,600                       85,600
  Deposit-PUC                                          100,000                      100,000
  Other deposits                                         1,140                            -
  Deferred Income Tax                                  157,486                      157,486
                                          --------------------      -----------------------
  Total other assets                                   344,226                      343,086
                                          --------------------      -----------------------

  Total assets                            $          1,828,370      $               930,072
                                          ====================      =======================


</TABLE>


                                       3
<PAGE>


<TABLE>

<CAPTION>

                LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
<S>                                       <C>                       <C>
  Accounts payable                        $            277,551      $               217,505
  Sales tax payable                                     27,719                            -
  Customer deposits                                     52,720                          350
                                          --------------------      -----------------------
  Total current liabilities                            357,990                      217,855
                                          --------------------      -----------------------

Long term liabilities:
  Notes payable-officer                                100,000                      100,000
  Accrued interest payable                               5,629                        3,518
                                          --------------------      -----------------------
  Total long term liabilities                          105,629                      103,518
                                          --------------------      -----------------------

  Total liabilities                                    463,619                      321,373
                                          --------------------      -----------------------

Stockholders' equity:
  Preferred stock $.05 par value;
   2,500,000 shares authorized;
   248,964 issued and outstanding                       12,449                            -
  Additional paid-in capital-preferred
   stock                                               440,266                            -
  Common stock, $.01 par value;
   75,000,000 shares authorized;
   7,377,022 shares issued and outstanding
   in 2002 and 6,485,422 shares issued and
   outstanding in 2001                                  73,770                       64,854
  Additional paid-in capital-common stock            4,283,348                    3,723,205
  Less:  Stock subscriptions receivable                (32,000)                           -
  Accumulated deficit                               (3,413,082)                  (3,179,360)
                                          --------------------      -----------------------

  Total stockholders' equity                         1,364,751                      608,699
                                          --------------------      -----------------------

  Total liabilities and stockholders'
   equity                                 $          1,828,370      $               930,072
                                          ====================      =======================

</TABLE>


                                       4
<PAGE>


<TABLE>

<CAPTION>
                                                          GEXA CORPORATION
                                                      STATEMENTS OF OPERATIONS
                                                            (Unaudited)

                                                 For the                   For the
                                                  Three                     Three
                                              Months Ended              Months Ended
                                                March 31,                 March 31,
                                                  2002                      2001
                                          --------------------      -----------------------


<S>                                       <C>                       <C>
Sales                                     $            339,126      $                     -

Cost of sales                                          314,728                            -
                                          --------------------      -----------------------

Gross profit (loss)                                     24,398                            -

General and administrative expense                     260,515                       40,750
                                          --------------------      -----------------------

Income (loss) from operations                         (236,117)                     (40,750)

Interest income                                          4,506                            -

Interest expense                                        (2,111)                           -
                                          --------------------      -----------------------

Net income (loss)                         $           (233,722)     $               (40,750)
                                          ====================      =======================

Basic net income (loss) per share         $               (.03)     $                  (.05)
                                          ====================      =======================

Basic weighted average shares outstanding            7,022,541                      821,489
                                          ====================      =======================

Diluted net income (loss) per share       $               (.03)     $                  (.05)
                                          ====================      =======================

Diluted weighted average shares
 outstanding                                         7,022,541                      821,489
                                          ====================      =======================


</TABLE>


                                       5
<PAGE>


<TABLE>

<CAPTION>

                                                             GEXA CORPORATION
                                                         STATEMENT OF CASH FLOWS
                                                               (Unaudited)

                                                 For the                    For the
                                                  Three                      Three
                                               Months Ended               Months Ended
                                                 March 31,                  March 31,
                                                  2002                        2001
                                          --------------------      -----------------------


Cash flows from operating activities:
<S>                                       <C>                       <C>
Net income (loss)                         $           (233,722)     $               (40,750)
Adjustments to reconcile net income (loss)
 to net cash used in operating activities
      Depreciation and amortization                        234                            -
      Stock issued to officers, directors
       and consultants for services                     91,750                       40,750
      Stock issued to pay note interest                      -                            -
      Increase in accounts receivable                 (324,731)                           -
      Increase in employee advances                     (4,000)                           -
      Increase in deposits                              (1,140)                           -
      Increase in accounts payable                      60,046                            -
      Sales tax payable                                 27,719                            -
      Increase in customer deposits                     52,370                            -
      Increase in accrued interest payable               2,111                            -
                                          --------------------      -----------------------

Net cash provided by  (used in) operating
 activities                                           (329,363)                           -
                                          --------------------      -----------------------

Cash flows from investing activities:
 Purchase of property and equipment                    (13,302)                           -
                                          --------------------      -----------------------

Net cash provided by (used in) investing
 activities                                            (13,302)                           -
                                          --------------------      -----------------------

Cash flows from financing activities:
  Proceeds from the sale of preferred stock            496,499
  Proceeds from sale of common stock                   571,376                            -
  Payments to stock brokers                           (169,851)                           -
                                          --------------------      -----------------------


Net cash provided by (used in) financing
 activities                                            898,024                            -
                                          --------------------      -----------------------

Increase (decrease) in cash                            555,359                            -

Cash and cash equivalents at beginning of
 period                                                585,514                            -
                                          --------------------      -----------------------

Cash and cash equivalents at end of
 period                                   $          1,140,873      $                     -
                                          ====================      =======================

                 Supplemental Disclosure of Cash Flows Information

Cash paid during the period for interest  $                  -      $                     -
                                          ====================      =======================

</TABLE>


                                       6
<PAGE>


                 Supplemental Disclosure of Noncash Transactions

During the three months ended March 31, 2002, the Board authorized the
issuance of 86,000 shares of common stock to consultants for services valued at
$88,750 and 3,000 shares of common stock to an employee for services valued at
$3,000.

During the same period, three employees exercised their stock options to
purchase 32,000 shares of common stock at $1.00 per share but did not pay for
them, resulting in stock subscriptions receivable of $32,000.



                                   GEXA CORP.
                   Notes to the Unaudited Financial Statements
                                   (Unaudited)
                                 March 31, 2002

1. Basis of Presentation

The accompanying unaudited financial statements have been prepared in
accordance with generally accepted accounting principles for interim financial
information and with the instructions to Form 10-QSB and Regulation S-B of the
Securities and Exchange Commission. Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting principles
for complete financial statements and should be read in conjunction with Notes
to Financial Statements contained in the Company's Annual Report on Form 10-KSB
for the year ended December 31, 2001. In the opinion of management, all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation have been included. Operating results for the three months
ended March 31, 2002 are not necessarily indicative of the results that may be
expected for the year ended December 31, 2002.

During the year ended December 31, 2001, the Company was classified as a
development stage enterprise. Since operations commenced in the year 2002, and
there were significant revenues; as of March 31, 2002, the Company has ceased to
be classified as a development stage enterprise.

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

2. Accounts Receivable

The revenue from the sale of electricity is recognized when the electricity
has been used by the residential or commercial customer. Customers are billed
for electricity usage in the month following that usage, and so revenue for the
month ended March 31, 2002 is accrued as billings generated through April 25,
2002. As of March 31, 2002, Accounts Receivable contains billed revenue and
unbilled revenue as follows,

Billed Revenue at March 31, 2002                 $                    85,860

Unbilled Revenue at March 31, 2002                                   238,871
                                                 ---------------------------

Accounts Receivable at March 31, 2002                                324,731
                                                 ---------------------------

3. Stock Transactions

During the three months ended March 31, 2002, the Board authorized the
issuance of 86,000 shares of common stock to consultants for services valued at
$88,750 and 3,000 shares of common stock to an employee for services valued at
$3,000.


                                       7
<PAGE>


During the same period, 248,964 shares of preferred stock were sold for
$496,499.

During the same period, three employees exercised their stock options to
purchase 32,000 shares of common stock at $1.00 per share but did not pay for
them, resulting in stock subscriptions receivable of $32,000.


Item 2. Management's Plan of Operation

As used in this Quarterly Report, the terms "we", "us", "our" and the
"Company" mean Gexa Corp., a Texas corporation.

Forward-Looking Statements; Market Data

To the extent that we make any forward-looking statements in the
"Management's Plan of Operation" in this Quarterly Report, we emphasize that
forward-looking statements involve risks and uncertainties and our actual
results may differ materially from those expressed or implied by our
forward-looking statements. All forward-looking statements in this Quarterly
Report reflect our current views about future events and are based on
assumptions and are subject to risks and uncertainties. Generally,
forward-looking statements include phrases with words such as "expect",
"anticipate", "intend", "plan", "believe", "seek", "estimate" and similar
expressions to identify forward-looking statements.

This Quarterly Report contains disclosure related to our business of
reselling electricity which became a deregulated industry effective January 1,
2002. On June 19, 2001, Gexa submitted an application to the Public Utility
Commission of the State of Texas for the purpose of becoming a retail reseller
of electricity to residential and small commercial customers in Texas. Under
Texas law, beginning January 1, 2002, customers were able to elect to purchase
electricity from independent resellers, such as Gexa. Our pursuit of this new
business opportunity may involve certain estimates and plans related to the
business of reselling electricity, which is a newly deregulated industry, which
assumes certain events, trends and activities will occur and the projected
information based on those assumptions. We do not know that any assumptions that
we may make will be accurate. In particular, we do not know and cannot predict
with any degree of certainty the growth of industry of reselling electricity in
the market in State of Texas in which we seek to operate. If our assumptions are
wrong about any events, trends and activities, and specifically about this new
business opportunity, it could have a significant impact on our business
operations. Our expectations regarding this new business opportunity may be
incorrect because of our limited resources.

Liquidity and Capital Resources

At March 31, 2002, we had current assets of $1,469,604, consisting of cash
and cash equivalents. As of March 31, 2002, we had other assets of $344,226
which included a ninety day certificate of deposit in the amount of $100,000
required by the State of Texas Public Utility Commission in connection with our
application to become a reseller of electricity after commencement of
deregulation on January 1, 2001. Other assets also included a database valued
at $85,600 and a deferred income tax asset of $157,486.

Our total assets at March 31, 2002 were $1,828,370. At March 31, 2002, we
had current liabilities of $357,990, which consisted of accounts payable,
accrued electricity and TDSP charges, sales tax payable and customer deposits.
Our long-term liabilities consisted of an interest bearing five year promissory
note at 6% issued to our Chairman in the amount of $100,000.

During the three-month period ended March 31, 2002, we had a negative cash
flow from operations of $329,363. Our financing activities provided us with
$898,024. We received proceeds from the sale of restricted stock in the amount
of $1,108,498. These proceeds were offset by commission payments of $94,891.

We may seek to raise additional funds from the sale of equity or debt securities
or other borrowings or a combination thereof as part of our business plan to
resell electricity in the State of Texas. There can be no assurance that we will
be able to continue to operate through the issuance of notes, restricted shares
of common stock or other instruments, including the issuance of shares for
services provided to us. We have no written agreement with our CEO/chairman or
with any other affiliate or unaffiliated person to provide any continued
funding.

There are currently no limitations on our ability to borrow funds or issue
restricted common stock to finance potential new business opportunities.
However, our limited resources and lack of operating history may make it
difficult to do so. The amount and nature of any borrowing by us will depend on
numerous factors, including our capital requirements, potential lenders'
evaluation of our ability to meet debt service on borrowing and the then
prevailing conditions in the financial markets, as well as general economic
conditions. We do not have any arrangements with any bank or financial
institution to secure additional financing and there can be no assurance that
such arrangements, if required or otherwise sought, would be available on terms
commercially acceptable or otherwise in our best interests. Our inability to
borrow funds or to provide funds for an additional infusion of capital may have
a material adverse effect on our financial condition and future prospects. To
the extent that additional debt financing ultimately proves to be available, any
borrowing will subject us to various risks traditionally associated with
indebtedness, including the risks of interest rate fluctuations and
insufficiency of cash flow to pay principal and interest.



                                       8
<PAGE>


                           PART II. OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 2. Changes in Security

Equity securities of the registrant sold by the registrant during the period
ended March 31, 2002 that were not registered under the Securities Act.: During
the three month period ended March 31, 2002, we issued 248,964 restricted shares
of preferred stock that were not registered under the Act. We relied upon
Section 4(2) of the Act as the basis for the exemption from the registration
requirements of the Act and there was public solicitation involved. The shares
of preferree stock were sold to private investors who are "accredited investors"
as defined under Rule 501(a)(3) under the Act. All recipients either received
adequate information about the Company or had access, through employment or
other relationships, to such information.

Name of Holder     Date of Issuance    Number Preferred Stock    Consideration
--------------     ----------------    ----------------------    -------------


Private Investors       03-31-02               248,964             $496,500 (1)
-----------------

(1) The Company believes these transactions were exempt from registration
pursuant to Section 4 (2) and Rule 506 of Regulation D of the Act as privately
negotiated, isolated, non-recurring transactions not involving any public
solicitation. The purchasers in each case represented their intention to acquire
the securities for investment only and not with a view to the distribution
thereof. Appropriate restrictive legends are affixed to the stock certificates
issued in such transactions. All recipients either received adequate information
about the Company or had access to such information. In addition, the purchasers
described above were "accredited investors" (as that term is defined in Rule
501(a)(3) promulgated under the Act).

Item 3. Default 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:

    Exhibit No.  Document Description

    3(i)         Articles of Incorporation and amendments (filed as Exhibits
                 to the Company's Registration Statement on Form 10-12g filed on
                 September 3, 1987 and are incorporated herein by reference)

    3(ii)        Bylaws (filed as Exhibit to the Company's Registration
                 Statement on Form 10-12g, filed on September 3, 1987 and  are
                 incorporated herein by reference)

    13(i)        The Registrant's Current Report on Form 8-K filed on June 21
                 and November 27, 2001, which are incorporated by reference.

(b) Form 8-K.

None.

                                   SIGNATURES

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

By: /s/ Marcie Zlotnik
Marcie Zlotnik, President and Director
Dated: March 31, 2002
Houston, Texas