|**UNITED STATES**                                                                                                                                                                                                                                                                                                                        
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|**SECURITIES AND EXCHANGE COMMISSION**                                                                                                                                                                                                                                                                                                   
|**Washington, DC 20549**                                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                                         
|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, 1993                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                         
|[  ]
    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                                                                                                                                                                                                                                                                                                                                    
|(State or
    other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                         
|24
    Greenway Plaza, Suite 1826, Houston, TX                                                                                                                                                                                                                                                                                           
|(Address of
    principal executive offices)                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                         
|(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 5,866,922 shares outstanding as of September 30, 2001                                         
|Transitional Small Business
    Disclosure Format: Yes __ No X                                                                 















|****TABLE
    OF CONTENTS                                      
|---------------------------------------------------------------
|****                                                           
|**PART I. FINANCIAL
    INFORMATION**                          
|                                                               
|Item 1. Financial Statements                                   
|Item 2. Managements Plan of Operation                         
|                                                               
|**PART II. OTHER
    INFORMATION**                             
|                                                               
|Item 1. Legal Proceedings                                      
|Item 2. Changes in Security                                    
|Item 3. Default Upon Senior Securities                         
|Item 4. Submission of Matters to a Vote of
    Security Holders
|Item 5. Other Information                                      
|Item 6. Exhibits and Reports on Form 8-K                       



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, 1993 and
December 31, 1992.

|**INDEX
    TO FINANCIAL STATEMENTS**                                                    |     
|---------------------------------------------------------------------------------------- | ----
|                                                                                         | Page
|Balance Sheets March 31, 1993 - (Unaudited) and December 31, 1992                        | 2   
|Statement of Operations for the Three Months ended March 31, 1993 and 1992 - (Unaudited) | 3   
|Statement of Cash Flow for the Three Months ended March 31, 1993 and 1992 - (Unaudited)  | 4   
|Notes to Financial
    Statements                                                        | 4   



|GEXA CORP.                                                    
|--------------------------------------------------------------
|                                                              
|ASSETS                                                        
|                                                              
|                                                              
|Total Assets                                                  
|                                                              
|LIABILITIES AND STOCKHOLDERS' EQUITY                          
|Total liabilities                                             
|Stockholders'
    equity:                                     
|Cumulative Convertible preferred stock, $.05 par value;       
|2,500,000 shares authorized; 944,495                          
|preferred convertible shares issued and                       
|outstanding at March 31, 1993 and 944,495 at December 31, 1992
|Common stock, $.01 par value; 75,000,000 shares               
|authorized; 8,504,425 shares issued and outstanding           
|Additional paid-in capital                                    
|Accumulated deficit                                           
|Total stockholders' equity                                    
|Total Stockholders' Equity and Liabilities                    
|See accompanying notes to financial statements.               



|GEXA CORP.                                         
|---------------------------------------------------
|Statements of Operations                           
|(Unaudited)                                        
|                                                   
|                                                   
|Gold
    sales, net of refining costs              
|                                                   
|Cost of
    sales (mining operations):             
|Production costs                                   
|Depreciation and amortization                      
|General and administrate                           
|                                                   
|Gross profit                                       
|                                                   
|Exploration                                        
|General
    and administrative                     
|                                                   
|Loss from operations                               
|                                                   
|Other
    income (expenses)                        
|Interest income                                    
|Gain (loss) on sale of Equipment                   
|and miscellaneous                                  
|Forgiveness of debt income, net                    
|Interest expense                                   
|Net
    income (loss)                              
|                                                   
|Basic
    net income (loss) per share              
|Diluted
    net income (loss) per common share     
|                                                   
|Basic
    weighted average common                  
|shares outstanding                                 
|Diluted
    weighted average common                
|shares outstanding                                 
|See
    accompanying notes to financial statements.



|GEXA CORP.                                                            
|----------------------------------------------------------------------
|Consolidated Statements of Cash Flows                                 
|(Unaudited)                                                           
|                                                                      
|                                                                      
|Cash Flow
    from Operating activities:                              
|Net income (loss)                                                     
|                                                                      
|Adjustments
    to reconcile net income (loss) to net cash provided by
|(used in) operating activities:                                       
|Depreciation and amortization                                         
|(Increase) decrease in accounts receivable                            
|(Increase) decrease in inventory                                      
|(Increase) decrease in other current assets                           
|Increase (decrease) in accounts payable and accrued liabilities       
|Net cash provided (used in) operating activities                      
|                                                                      
|Cash
    flows from investing activities:                             
|Disposal of equipment in bankruptcy                                   
|Disposal of mineral properties in bankruptcy                          
|Purchase of property and equipment                                    
|Additions to mineral properties                                       
|Net cash provided by (used in) investing activities                   
|                                                                      
|                                                                      
|Cash
    flows from financing activities:                             
|Repayment of long-term debt                                           
|Settlement of long-term debt in bankruptcy                            
|Net cash provided (used in) by financing activities                   
|Net
    increase (decrease) in cash and cash equivalents              
|Cash and
    cash equivalents, beginning of period                    
|Cash and
    cash equivalents, end of period                          
|Supplemental
    disclosure of cash flow data:                        
|Interest paid                                                         
|See
    accompanying notes to financial statements.                   



|GEXA CORP.                   
|-----------------------------
|Notes to Financial Statements
|(Unaudited)                  

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 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, 1992. 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, 1993 are not necessarily indicative of the results that may be expected for the
year ended December 31, 1993.

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. Earnings Per Share

The basic weighted average number of shares was computed as if the
February 10, 2001 1 to 25 reverse stock split occurred on December 31, 1990. The diluted
weighted average number of common shares includes the conversion of the preferred stock
into common.

**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.We changed our name during the second quarter ended June 30, 2001 from Gexa
Gold Corp. to Gexa Corp. We also filed a d/b/a in the State of Texas for Gexa Corp. to do
business under the name of Gexa Energy. This report is one of a series of reports under
the Exchange Act filed by us, for the purpose of becoming current in our reporting
obligations. The disclosure contained herein refers to the time period covered under this
report during which period we had no operating activities. We also make reference to our
Quarterly Report for the period ended June 30, 2001. That Quarterly Report contains
disclosure to our intent to enter into the business of reselling electricity which becomes
a deregulated industry effective January 1, 2002.

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.

Our current activity is related to seeking new business
opportunities. We will use our limited personnel and financial resources principally in
connection with the search for new business opportunities. It may be expected that
starting any new business opportunity will involve the issuance of our shares of Common
Stock. To the extent that Common Stock is used to fund any new business opportunity, any
available cash, of which there can be no assurance, will be used to finance such new
business operations. There was no stock issued from December 31, 1990 through
April 18, 2001.

During the three month period ended March 31, 1993, we generated no revenues from any
business operations. We did not incurred any operating expenses during the three months
ended March 31, 1993 and therefore we had no net income or loss.

Liquidity and Capital Resources

During the three months ended June 30, 1992, the Company
filed for bankruptcy and disposed of all of its assets and liabilities.There can
be no assurance that we will be able to continue to operate through the issuance of notes
or other instruments, including the issuance of shares for services provided to us or will
be able to raise funds through the issuance of shares.We have no written
agreement with our CEO/chairman or with any other affiliate or unaffiliated person 
to provide any continued funding. Our chairman is presently negotiating on our behalf with
our attorney and CR Capital Services, Inc., our corporate securities compliance firm, to
be paid for services in shares. No determination has been made regarding the amount of
shares or the value of the services.

**PART II. OTHER INFORMATION**

Item 1. Legal Proceedings

None.

Item 2. Changes in Security

None.

**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: November 29, 2001              
|Houston, Texas