Xedar Corporation
2500 Central Avenue
Boulder, CO 80301

March 23, 2001

Securities and Exchange Commission
Washington, D.C. 20549

Pursuant to the requirements of the Securities Exchange Act
of 1934, we are transmitting herewith the attached Form
10KSB.
The filing fee of $250.00 has been remitted by wire to the
Mellon Bank for our CIK account.

Sincerely,

Hans R. Bucher

Hans R. Bucher
President



U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
Form 10-KSB
(Mark One):
(x) Annual Report Pursuant to Section 13 or 15(d) of the Securities
    Exchange Act of 1934 for the fiscal year ended
    December 23, 2000

or

( ) Transition Report Pursuant to Section 13 or 15(d) of the
    Securities Exchange Act of 1934
    for the transition period from   to

Commission File Number  0-8356

XEDAR CORPORATION
(Exact name of registrant as specified in its charter)

        Colorado

(State or other jurisdiction of incorporation or organization)

             84-0684753
(I.R.S. Employer Identification No.)

        2500 Central Avenue, Boulder, CO            80301
        (Address of principal executive offices)  (Zip Code)

Registrant's telephone number incl. Area code:(303) 443-6441

Securities registered pursuant to Section 12(b) of the Act:  None
Title of each class   Name of each exchange on which registered
                                None


Securities registered pursuant to Section 12(g) of the Act:
Common Stock, No Par Value
(Title of class)


(Title of class)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for 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
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (#229.405 of this chapter) is not contained
herein, and will not be contained, to the best of the registrant's
knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or
any amendment to this Form 10-K. [   ]

The aggregate market value of the voting stock held by
non-affiliates of the registrant: $238,454 at December 23, 2000.

The number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date: 1,837,224
common shares as of February 28, 2001.

DOCUMENTS INCORPORATED BY REFERENCE

The Company's definitive proxy statement to be filed pursuant to
Regulation 14A relating to the annual meeting of stockholders and
the Articles of Incorporation and Bylaws of the Company are herein
incorporated by reference in Part III and IV of the Form 10-KSB.


PART I

ITEM 1. DESCRIPTION OF BUSINESS

Business Development

Xedar Corporation (hereinafter referred to as the "Company") was
organized as a Colorado corporation on May 6, 1974.

Business of Issuer

 The Company's principal business is the design, development,
fabrication and sale of high technology electro-optical equipment
and related electrical equipment, including devices such as cameras,
video systems, video amplifiers, image systems, electro-optical
transmissions, electrical test equipment, etc.

The Company's primary electro-optical equipment consists of its
line of CCD-("Charge Coupled Devices") Cameras and related equipment.
These CCD-Cameras are used in medical X-ray diagnostic and procedural
applications as well as in scientific and research applications.
The operation and data display of these cameras is computer controlled
and the information displayed is on a digital computer that can be
computer manipulated.

The Company's other operations include OEM-manufacturing of
CCD-Cameras, engineering programs and single customer programs.

General Production Programs and Products

The major portion of the Company's business includes the design,
development and production of CCD-Cameras for OEM customers.
These programs are in response to customer requirements and the
OEM-Production quantities can range from a few cameras per year to several
hundred per year per customer.

Depending on the application and customer requirements,
the complexity, resolution and data rates of the CCD-Cameras vary.

The Company is presently offering the following range of cameras
in end user and OEM configurations:

Fiber Optic Coupled Cameras - In many applications, the use of
lens coupling from the image to the sensor is not suitable.
This is the case in applications where an image intensifier
output phosphor is to be imaged, or in X-ray imaging systems
where the light output of the X-ray converter screen is to be
imaged.  Lens coupling in these applications is possible, however,
at a great loss of the available light due to the low coupling
efficiency of a lens system.  For such applications, the Company
has developed a low cost technique to bond imaging (fiber-optic)
FO-Tapers or windows directly to the CCD.  The FO-Tapers can have
positive or negative magnification to match the field of view
required.  CCD-Cameras with FO-coupling are for demanding applications
in the scientific and medical field and require low dark current
at long integration times.  The Company has developed methods to
Peltier cool the CCD's working temperatures to as low as
-60 degrees Celsius.

Lens Coupled Cameras - Certain applications require lens coupling
to image the object.  The Company manufactures a wide range of OEM
and end user systems for such applications.  Besides a single board
camera with 1 million pixels of resolution, the Company is
manufacturing a complete camera with 4 million pixels of resolution.

Data Rates - The Company designs and manufactures CCD-Cameras with
readout data rates as low as 10 kHz and as high as 40 MHz.

Dynamic Range - The dynamic range of a camera is its ability to
resolve shades of gray.  This is accomplished by digitizing the
video output signal from the CCD.  The dynamic range of the
CCD-Cameras designed and manufactured by the Company range
from 10 BIT (1000:1 dynamic range) for fast readouts to
16 BIT (6500:1 dynamic range) for scientific application readouts.

Related Engineering - Most applications of CCD-Cameras require
data transmission from the Camera to the computer.
The Company has developed parallel data links to transmit
12 BIT digital information and has developed high-speed FO-serial data links.

Engineering Programs

 The Company also develops proposals in response to a set of
specifications submitted by a potential customer for the development
of specific equipment or processes.  This effort may or may not
result in the development of a prototype device, depending on the
nature of the request.  The potential customer generally seeks to
obtain design capabilities for the manufacture of specific
electro-optical or related high technology devices.
Fees for the Company's design and development services are
often contingent upon execution of a contract with the customer for
the creation, production and manufacture of a designed prototype.

Single Customer Production Programs

In addition to its general production program, wherein the
Company manufactures certain of its products for general sale
to the public, the Company also produces specific products for
customers who have executed pre-production contracts or an
engineering contract, wherein the Company will produce the
product which it has developed and designed, which might be a
product which is not available for sale to the general public.

Marketing and Sales

The primary emphasis of the Company's marketing and sales
effort is the sale of OEM cameras and to obtain engineering
and manufacturing contracts in related fields.
Contracts for engineering programs and single customer production
programs are usually negotiated on an ad hoc basis.
Potential customers include past customers, governmental agencies,
national laboratories and third party referrals.


Competition

The Company has experienced and will continue to experience competitive
pressure in all phases of its business.  Potential competitors
are numerous, have substantially more technical resources, and
possess financial, marketing and other resources superior to those
available to the Company.
In connection with the design of electro-optical equipment, numerous
national and multi-national electronic and aerospace companies
maintain in-house capabilities to compete with the Company on a
project basis.  The companies include Lockheed Martin,
Ball Corporation, Loral and Philips.  In addition, there are at least
a dozen smaller specialty firms who may compete with the Company on a
contract/bid basis. Although the Company's small size is often a
disadvantage when bidding on substantial projects, there is no objective
manner (price, warranty, services, etc.) to differentiate the Company's
design and development capabilities from those of its competitors.

In connection with the Company's CCD-Cameras, the Company
currently competes with Sierra Scientific, Dalsa and several others.
The Company believes that competition in the CCD-Camera industry involves
such factors as performance, price and warranty.  In this
regard, the Company offers competitively priced systems with
state of the art performance from "no frills" subassemblies
to complete systems.

Additional Information

The Company's electro-optical equipment may be assembled from
components produced by various suppliers.  Although the components
are highly sophisticated devices, the Company is not dependent on
any single supplier including the supply of CCDs.

Although the Company requests down payments or earnest money
deposits and periodic performance payments from customers during
the fabrication of its products, there is no assurance that
customers will agree to make such payments.  Therefore,
the substantial period of time between commencement of assembly
and payment upon completion may subject the Company to increased
risks and additional working capital requirements.

For the fiscal years ended December 25, 1999 and
December 23, 2000, the Company expended $43,470 and $0
respectively, upon Company-sponsored research and development.
The Company offers research and development services on a fee
basis for its customers' products.  No revenue associated with
such services was earned in 1999 or 2000.

Compliance with federal, state and local provisions which have
been enacted or adopted regulating the discharge of materials
into the environment, or otherwise relating to the protection
of the environment, are not expected to have a material effect
on capital expenditures, earnings or the competitive position of
the Company.

Employees

As of December 23, 2000, the Company employed five persons,
including its president/treasurer, one engineer, two technicians
and one administrative personnel, full time.

ITEM 2. DESCRIPTION OF PROPERTY

The Company leases its office and plant facilities from Central
Avenue Investment, a general partnership, whose partners include
Hans Bucher, the Company's president and a director, and Marlis Bucher,
the Company's secretary.  The Company's facilities are located
at 2500 Central Avenue, Boulder, Colorado 80301 and consist of
approximately 6,895 square feet.  The Company has periodically
renewed and amended this lease and has committed to a three-year
term beginning September 15, 1999 with an option to renew for another
three years.  The monthly rental is $4,170.  On each anniversary date
of the lease, the lease payments will be adjusted for the percentage
increase in the consumer price index.  The Company believes that the
lease is fair and reasonable and on as beneficial terms as could be
obtained from any unaffiliated third party consistent with other
rentals assessed in the market area for similar facilities.


ITEM 3. LEGAL PROCEEDINGS

No material legal proceedings to which the Company is a party or
of which any of its property is the subject are pending and no such
proceedings are known by the Company to be contemplated.
The Company is not presently a party to any litigation or
administrative proceedings with respect to its compliance with
federal, state or local provisions which have been enacted
regarding the discharge of materials into the environment or
otherwise relating to the protection of the environment, and no such
proceedings are known by the Company to be contemplated.


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matter was submitted during the fourth quarter of the fiscal
year covered by this report to a vote of security holders, through
the solicitation of proxies or otherwise.


PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

(a)      The Company's common stock is traded in the over-the-counter market.
         The price ranges* (in fractions of one dollar) of the bid quotations
         of the Company's common stock during its last two fiscal years,
         as provided to the Company by local stock brokerage firms,
         are set forth below:
                                    1999             2000
     Quarter ended:             High    Low      High    Low
      March 27/March 25           5/16   3/16    5/16    3/16
      June 26/June 24             5/16   3/16    5/16    3/16
      September 25/September 23   5/16   3/16    5/16    3/16
      December 25/December 23     5/16   3/16    5/16    3/16

*   The quotations set forth herein are representative of inter-dealer prices.
    Inter-dealer markets change throughout the day and do not include
    markup, markdown, or commissions.

(b) As of December 23, 2000, there were approximately 150 record holders
    of the Company's common stock.

(c) The Company has not paid any cash dividends to date.


ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

Management's Discussion and Analysis of Financial Condition and Results
of Operations

Sales and Gross Profits

During the past seventeen years, the Company had three basic sources
of revenue: commercial products, design and development contracts,
and single customer production programs.

Sales by product lines for 1999 and 2000 were (in thousands):
                                             1999             2000

Commercial Products                         $   8            $   1
Design and Development Contracts               99               76
Single Customer Production Programs           138              313

                                            $ 245            $ 390
                                            =====            =====

Xedar product sales were $1,000 in 2000 for repairs only.  The sales
potential for the tube-based infrared cameras is non-existent and the
Company no longer offers this product.  At this time, the Company is not
offering any standard product into the imaging market, but is concentrating
on development of special purpose imaging systems for OEM and scientific
applications.

Design and development contract sales decreased by $23,000 and
amounted to approximately 20% of sales in 2000 in comparison to 40%
during 1999. The Company is pursuing several contract opportunities with
various potential customers and has received a contract for a small color
camera for one prototype and delivery of eighty units over a period of
twelve months and another contract for sixty units with delivery of eight
units a month.  These deliveries were completed in 2000.  Two other contracts
were received during 2000 for CCD cameras with deliveries in 2001.

Single customer production program sales increased in 2000 and
amounted to approximately 80% of 2000 sales in comparison to 56% in 1999
due to delivery of production units.

The gross profit for 2000 was negative due to limited sales volume
and underabsorption of overhead costs.

Research and Development

There were no research and development expenses during 2000 as compared to
$43,470 expended in 1999. The 1999 funds were used to develop special purpose
imaging systems for OEM and scientific applications.

Selling, General and Administrative Expenses

Selling, general and administrative expenses in 2000 amounted
to $128,867 as compared to $145,233 in 1999.  These expenses
decreased by $16,366 in 2000 due to lower marketing and support
costs.

Interest and Miscellaneous Income

Interest and miscellaneous income was $26,776 for 2000 and
$25,590 for 1999 primarily representing interest earned on
short-term cash investments.

Liquidity and Capital Resources

In recent years, the Company has financed its activities from
cash reserves and operations.  No bank financing has been used
since 1982.  As noted in the statements of cash flows, cash and
cash equivalents decreased from 1999 to 2000.  The net cash used
by operations in 2000 was $111,265.

The Company has working capital of $518,545 at December 23, 2000.

The Company's liquidity position is necessary to maintain its
ability to conduct in-house research and development enabling it
to compete in single customer contracts and to develop a commercial
product line in a highly volatile high technology market place.


Year 2000 Issue

The Company has assessed "Year 2000" issues within each of its
significant computer systems and applications and concluded that the
software being utilized is not date sensitive and adequately recognizes
a four-digit year.  The Company has not identified any mission critical
systems which are not expected to be compliant or cannot be circumvented
manually.

The failure to correct a material Year 2000 problem could result in an
interruption in, or failure of, certain normal business activities or
operations.  Such failures could materially and adversely affect the
Company's operations, liquidity and financial condition.  Due to the
general uncertainty inherent in the Year 2000 problem, resulting in part
from the uncertainty of the Year 2000 readiness of third party suppliers,
the Company is unable to determine at this time whether the consequences
of Year 2000 failures will have a material impact in the Company's
operations, liquidity or financial condition.  The Company has not
expended any money to rectify Year 2000 issues and expects to not incur
any such expenses in the future.

Forward-Looking Statements

Except for the historical information contained herein, the
matters set forth in this 10-KSB are forward-looking statements
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995.  These forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially.  These risks are detailed from
time to time in the Company's periodic reports filed with the Securities
and Exchange Commission, including the Company's Annual Report
on Form 10-KSB, Quarterly Reports on Form 10-QSB and other periodic
filings.  These forward-looking statements speak only as of the
date hereof.  The Company disclaims any intent or obligation to
update these forward-looking statements.

ITEM 7. FINANCIAL STATEMENTS


Independent Auditors' Report

The Board of Directors and Stockholders
Xedar Corporation:

We have audited the accompanying balance sheets of Xedar Corporation (a
Colorado corporation) as of December 23, 2000, and December 25, 1999, and the
related statements of operations, stockholders' equity, and cash flows for the
52 weeks then ended.  These financial statements are the responsibility of the
Company's management.  Our responsibility is to express an opinion on these
financial statements based on our audit.

We conducted our audits in accordance with generally accepted
auditing standards.  Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating
the overall financial statement presentation.  We believe that
our audits provide a reasonable basis for our opinion.

The Company's financial statements do not disclose information about matters
that raise substantial doubt about its ability to continue as a going concern.
Adverse conditions have limited the ability of the Company to market its
products at amounts sufficient to recover its operating and administrative
costs.  As a result, the Company incurred a loss of $84,599 in 2000, and
$285,797 in 1999.  The Company is currently investigating new sources of
revenues; there are, however, uncertainties surrounding its ability to
continue its operations.  In our opinion, disclosure of this information is
required to conform with accounting principles generally accepted in the
United States of America.

In our opinion, except for the omission of the information discussed in the
preceding paragraph, the financial statements referred to above present
fairly, in all material respects, the financial position of
Xedar Corporation as of December 23, 2000 and the results of its
operations and its cash flows for the 52 weeks then ended, in
conformity with generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern.  The conditions described in the
third paragraph of this report raise substantial doubt about the Company's
ability to continue as a going concern.  The financial statements do not
include any adjustments that might result from the outcome of this
uncertainty.

Jensen Burcham Stelmack Edwards LLP

Certified Public Accountants
Longmont, Colorado
March 13, 2001


XEDAR CORPORATION
Balance Sheets
December 23, 2000 and December 25, 1999


Assets
                                     2000              1999

Current assets:

   Cash and cash equivalents         $ 265,743        $  377,008
        Trade accounts receivable,
        less allowance for doubtful
        accounts of $2,436 in 2000
        and 1999                        60,999           116,301
        Inventories (note 2)           305,468           153,204
        Prepaid expenses                   -               2,007

            Total current assets       632,210           648,520

Long-term receivable from
related party (note 3)                 135,759           145,494

Property and equipment, at cost
(note 4)                               141,307           141,307
Less accumulated depreciation         (133,906)         (127,666)
                                         7,401            13,641

Patents, net                            11,599            12,558

            Total assets             $ 786,969         $ 820,213


Liabilities and Stockholders' Equity


Current liabilities:
        Accounts payable             $  29,005            24,533
        Accrued liabilities:
              Vacation                  44,217            28,869
              Payroll and commissions    6,550             6,270
              Payroll and other taxes    2,276             2,637
              Deferred revenue          31,616               -

          Total current liabilities    113,664            62,309

Stockholders' equity (note 5):
        Common stock, no par value.
        Authorized 5,000,000 shares;
        issued and outstanding
        1,837,224 shares             1,617,617         1,617,617
        Additional paid-in capital          40                40
        Accumulated deficit           (944,352)         (859,753)

        Total stockholders' equity     673,305           757,904

Commitments (note 8)

        Total liabilities and
        stockholders' equity         $ 786,969         $ 820,213


See accompanying notes to financial statements.


XEDAR CORPORATION

Statements of Operations

52 Weeks ended December 23, 2000 and December 25, 1999

                                       2000               1999

Sales (note 6)                       $ 390,065          245,219
Cost of sales                          372,573          367,903

          Gross profit (loss)           17,492         (122,684)

Research and development expenses          -             43,470
Selling, general and
  administrative expenses              128,867          145,233

           Operating loss             (111,375)        (311,387)

Interest and miscellaneous income       26,776           25,590

           Net loss                  $ (84,599)        (285,797)

Basic and diluted loss per
common share                         $    (.05)            (.16)

See accompanying notes to financial statements.


XEDAR CORPORATION

Statements of Stockholders' Equity

52 Weeks Ended December 23, 2000 and December 25, 1999



                                                     Retained
                     Common Stock       Additional   earnings      Total
                Shares        Amount      paid in  (accumulated  stockholder's
                                          Capital     deficit)      Equity
Balances
Dec. 26, 1998   1,837,224     $ 1,617,617     40    (573,956)    $1,043,701
Net loss for period                            -    (285,797)      (285,797)
Balances
Dec. 25, 1999   1,837,224     $ 1,617,617     40    (859,753)    $  757,904
Net loss for period                            -     (84,599)       (84,599)
Balances                           -
Dec. 23, 2000   1,837,224     $ 1,617,617     40    (944,352)    $  673,305

See accompanying notes to financial statements.



XEDAR CORPORATION

Statements of Cash Flows

52 Weeks Ended December 23, 2000 and December 25, 1999

                                                  2000         1999

Net loss                                       $( 84,599)    (285,797)
Adjustments to reconcile net loss to net cash
used by operating activities:
    Depreciation of property and equipment         7,199        8,736
    Amortization of patents                                       960
Changes in operating assets and liabilities:
         Accounts receivable                      55,302      (72,475)
         Interest receivable                          -         5,000
         Inventories                            (152,264)    (119,653)
         Prepaid expenses                          2,007        2,660
         Accounts payable                          4,472       11,204
         Accrued liabilities                      15,267      (11,099)
         Deferred revenue                         31,616          -

    Net cash used by operating
    activities                                  (121,000)    (460,464)

Cash flows from investing activities:
        Long-term receivable - related party       9,735        9,027

    Net cash provided by investing
      activities                                   9,735        9,027

Net decrease in cash and cash
  equivalents                                   (111,265)     (451,437)

Cash and cash equivalents
at beginning of year                             377,008       828,445

Cash and cash equivalents at end of year       $ 265,743     $ 377,008


See accompanying notes to financial statements.



XEDAR CORPORATION

Notes to Financial Statements

December 23, 2000 and December 25, 1999


 (1)    Summary of Significant Accounting Policies

(a)     Nature of Operations

The Company's principal business is the design, development,
fabrication and sale of high technology electro-optical equipment
and related electrical equipment, including devices such as cameras,
video systems, video amplifiers, image systems, electro-optical
transmissions, electrical test equipment, etc.  The Company's products
are used in medical X-ray diagnostic and procedural applications as
well as in scientific and research applications.  The Company's other
operations include OEM-manufacturing of CCD-Cameras, engineering
programs and single customer programs.

The Company's product lines include commercial products, design
and development contracts, and single customer production programs.
Sales for each of these product lines as a percentage of total
sales were 0%, 20% and 80%, respectively, during 2000, and
3%, 40% and 57%, respectively, during 1999.

The Company's customers are located primarily in the United States.

(b)     Revenue Recognition

Sales of the Company's products are recognized upon shipment.
Revenue and the related expense from product development and
similar contracts are recognized when the products have been
delivered or services are performed under the terms of the contracts.
Certain sales which allow for the right of return are recorded as
deferred revenue until such right of return expires.

(c)     Cash and Cash Equivalents

Cash and cash equivalents of $265,743 and $377,008 at December 23, 2000
and December 25, 1999, respectively, consist of demand deposits and
certificates of deposit. For purposes of the statements of cash flows, the
Company considers all highly liquid debt instruments with original maturities
of three months or less to be cash equivalents.


(d)     Inventories

Inventories are stated at the lower of cost or market.  Cost is
determined by the first-in, first-out method.  Work in process and
finished goods inventories include charges for direct material,
direct labor and manufacturing overhead applied in relation to
direct labor and direct material.

(e)     Property and Equipment

Property and equipment are stated at cost.  Depreciation is
computed using the straight-line method over the estimated useful
lives of the respective assets.

(f)     Patents

Costs incurred in obtaining patents are capitalized and amortized
on a straight-line basis over the life of the patent which is
estimated at 17 years.

(g)     Research and Development Expenses

Research and development expenses are charged to operations as incurred.

(h)     Income Taxes

Under the asset and liability method of Statement of Financial
Accounting Standards No. 109 (SFAS 109), deferred tax assets
and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying
amounts of existing assets and liabilities and their respective tax
bases.  Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years
in which those temporary differences are expected to be recovered or
settled.  Under SFAS 109, the effect on deferred tax assets and
liabilities of a change in tax rates is recognized in income in the
period that includes the enactment date.

(i)     Loss Per Common Share

For the years 2000 and 1999, basic and diluted loss per common share were
computed by dividing the net loss by the weighted average number of shares
outstanding of 1,837,224.  No options or warrants with a dilutive effect were
outstanding during 2000 or 1999.

(j)     Use of Estimates

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

(k)     Impairment of Long-Lived Assets and Long-Lived Assets to
        Be Disposed of

Long-lived assets are reviewed for impairment whenever events or
changes in circumstances indicate that the carrying amount of an
asset may not be recoverable.  Recoverability of assets to be held
and used is measured by a comparison of the carrying amount of an
asset to the future net cash flows expected to be generated by
the asset.  If such assets are considered to be impaired, the
impairment to be recognized is measured as the amount by which
the carrying amount of the asset exceeds the fair value of the
asset.

(l)     Fiscal Year

The Company's fiscal year is a 52/53 week year ending on the last
Saturday of December.

(m)     Fair Value of Financial Instruments

The fair value of a financial instrument represents the amount which the
instrument could be exchanged in a current transaction between willing
parties, other than in a forced sale or liquidation.  Significant differences
can arise between the fair value and carrying amount of financial instruments
that are recognized at historical cost amounts.  Generally, the carrying
value of the Company's financial instruments approximate fair value.

For certain financial instruments, the following methods and assumptions
were used to estimate fair value:

Cash and cash equivalents-The carrying amount approximates fair value
because of the short maturities of such instruments.

(n)     Concentration of Credit Risk

Statement of Financial Accounting Standards No. 105, "Disclosure of
Information about Financial Instrument with Off-Balance Sheet Risk and
Financial Instruments with Concentrations of Credit Risk" requires
disclosure of significant concentrations of credit risk regardless of the
degree of such risk.  As of December 23, 2000, the financial instruments
which potentially expose the Company to credit risk consist of bank
depository accounts and accounts receivable.  The Company transacts its
business with one financial institution.  The amount on deposit in that one
financial institution exceeded the $100,000 federally insured limit at
December 23, 2000.  However, management believes that the financial
institution is financially sound, in part because it is the Colorado
operation of a national interstate bank corporation.

The Company extends credit to substantially all of its customers who have
generally demonstrated a high level of credit worthiness.  The Company's
commercial customers are geographically and economically dispersed.  The
Company historically has not had to record material amounts of allowances
for doubtful accounts.  Management believes that the allowance for doubtful
accounts is adequate to cover potential credit risk losses.

(o)     Stock Based Compensation

The Company follows Accounting Principles Board Opinion No. 25,
"Accounting for Stock Issued to Employees" ("APB No. 25") in accounting
for stock based compensation.  Under APB 25, the Company recognizes no
compensation expense related to employee or director stock options unless
options are granted with an exercise price below fair value on the day of
grant.  Subsequently, the Statement of Financial Accounting Standards
No. 123, "Accounting for Stock-Based Compensation" ("SFAS No. 123") became
effective.  SFAS No. 123 provides an alternative method of accounting for
stock-based compensation arrangements, based on fair value of the stock-
based compensation utilizing various assumptions regarding the underlying
attributes of the options and stock.  The Financial Accounting Standards
Board encourages, but does not require, entities to adopt the fair-value
based method.  The Company will continue its accounting under APB No. 25
but uses the disclosure-only provisions of SFAS No. 123 for any options
and warrants issued to employees and directors. No options have been granted.

(p)     Capital Structure

The Company utilizes Statement of Financial Accounting Standards No. 129,
"Disclosure of Information about Capital Structure" ("SFAS No. 129"), which
requires companies to disclose all relevant information regarding their
capital structure.

(q)     Comprehensive Income

The Financial Accounting Standards Board has issued SFAS No. 130, "Reporting
Comprehensive Income" ("SFAS No. 130"), which establishes standards for the
reporting of comprehensive income.  This pronouncement requires all items
considered under accounting standards as components of comprehensive income
to be reported in the statement of operations and displayed with the same
prominence as other financial statement items.  Comprehensive income
components include all changes in equity during a period except those
resulting from transactions with common or preferred stockholders.  There
are no comprehensive income items.

(r)     Segment Reporting

The Company adheres to the provisions of Statement of Financial Accounting
Standards No. 131, "Disclosure about Segments of an Enterprise and Related
Information" ("SFAS No. 131"), which requires a public enterprise to report
financial and descriptive information about its reportable operating
segments.  Operating segments, as defined in the pronouncement, are
components of an enterprise about which separate financial information is
available that is evaluated regularly by the Company in deciding how to
allocate resources and in assessing performance.  The financial information
is required to be reported on the basis that is used internally for
evaluating segment performance and deciding how to allocate resources to
segments.

(s)     Pension and Other Post Retirement Benefits

The Statement of Financial Accounting Standards No. 132, "Employers'
Disclosures about Pension and Other Post Retirement Benefits" requires
certain disclosures about employers' pension and other post retirement
benefit plans and specifies the accounting and measurement or recognition
of those plans.  SFAS No. 132 requires disclosure of information on changes
in the benefit obligations and fair values of the plan assets that
facilitates financial analysis.  This standard currently has no impact
on the Company.

(t)     Derivative Instruments and Hedging Activities

The Company adopted SFAS No. 133 in the year 2000, and there has been no
impact on its financial statements.

(2)    Inventories

Inventories consist                  December 23,       December 25,
of the following:                       2000                1999

Raw materials                        $  4,630              4,345
Work in process                       300,838            148,859

                                     $305,468            153,204

Work in process is presented net of an allowance for obsolete and
excess components of $41,410 in 2000 and 1999.

(3)     Long-Term Receivable From Related Party

During 1985, the Board of Directors approved the purchase of a
split-dollar life insurance plan for the Company's president.
Through December 31, 1992, the annual premiums were paid by the Company.
For years subsequent to 1992, the premiums have been or are
expected to be paid out of the earnings of the plan.
The plan provides a $750,000 death benefit plus a cash surrender value.
The Company is named beneficiary for $250,000 of the death benefit
and does not share in cash surrender value increases.
Amounts paid by the Company on behalf of the Company's president,
prior to 1992, are considered advances to the president and are
repayable without interest.  The advances are secured by the
policy benefits, including the cash surrender value, which
exceeds the carrying value of the long-term receivable
at December 23, 2000 and December 25, 1999.

(4)     Property and Equipment

The cost of major classes of property and equipment is as follows:


                              Estimated      December 23,   December 25,
                             useful lives       2000            1999

Office furniture and
equipment                   5 to 10 years    $ 10,156         10,156
Production, laboratory and
other equipment             3 to 10 years     131,151        131,151

                        Total                $141,307        141,307

Depreciation expense was $6,240 and $8,736 in 2000 and 1999,
respectively.

(5)     Stockholders' Equity

In June 1994, the stockholders approved a nonqualified stock option
plan for the Company's Board of Directors and reserved 50,000
shares for issuance under the plan.  No options have been granted
under this plan.

Under the terms of the Company's Incentive Stock Option plan
(ISO), the Board of Directors has reserved 200,000 shares for grant,
of which 160,000 shares remain available for grant.

There were no stock options issued or exercised during 2000 or 1999.
The Company has no outstanding stock options.

(6)     Significant Customers

Significant customers have accounted for sales as follows:

                                            2000          1999

       Customer A                            17%           17%
       Customer B                            54%           38%
       Customer C                             8%           40
       Customer D                            19%            -


(7)     Income Taxes

The Company recorded no current or deferred income tax benefit in 2000
or 1999.  Income tax benefit differed from the amounts computed by
applying the loss before income taxes as a result of the following:

                                              2000          1999
Computed "expected" tax benefit            $ (35,544)       (34,874)
Expenses not deductible for income
  tax purposes                                 2,959          2,376
State taxes, net of federal impact                 -              -
Change in the valuation allowance for
  deferred tax assets                       (245,800)       141,100
Benefit of tax loss carryback not
  recognized in prior year                   278,385       (108,602)
Other, net                                         -            -

       Income tax benefit                  $       -              -

The tax effects of temporary differences that give rise to significant
portions of the deferred tax assets and deferred tax liabilities are
presented below:
                                       December 23,       December 25,
                                            2000             1999

Deferred tax assets:
  Accounts receivable, due to allowance
    for doubtful accounts                 $     -                900
  Compensated absences, due to accrual      (10,000)          11,000
  Inventory, due to inventory valuation         -             21,100
  Net operating loss carryforwards           58,800          261,600
  Other (Section 263A adjustments)              200              800

        Total gross deferred tax assets      49,000          295,400

Less valuation allowance                    (49,000)         (294,800)

       Net deferred tax assets                1,000               600

Total deferred tax liabilities - property
  and equipment, due to differences in
    basis and depreciation                   (1,000)             (600)

      Net deferred income taxes            $    -                -

A valuation allowance for the gross deferred tax assets has been
provided for the Company's net deferred tax assets.  Due primarily to
the Company's losses in 2000 and 1999, management believes that
deferred tax assets are not more likely than not recoverable.  The Company
has net operating loss carryforwards totaling $742,614 which expire during
the years 2012 - 2015.


(8)   Commitments

During 1978, the Company entered into a lease agreement for facilities
with a partnership in which the Company's president and secretary are
partners.  The Company has periodically renewed and amended this lease
and is committed to a three-year term which began September 15, 1999.
On each anniversary date, the lease payments are adjusted for the
percentage increase in the consumer price index.  As of December 23, 2000,
the monthly rental was $4,170.  Unpaid rents were $8,340 at December 23,
2000 and $4,170 at December 25, 1999.

The Company's rental expense for this lease was $50,040 for 2000 and
$48,994 for 1999.  The Company's minimum lease commitment, without
adjustments for increases in the consumer price index, is $50,040 for
2001, $37,530 for 2002.



ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE

None.

PART III

ITEM 9. DIRECTORS , EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL
PERSONS, COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

Information regarding the directors and executive officers of
the Registrant is incorporated by reference to the Company's
definitive proxy statement to be filed pursuant to Regulation
14A relating to the annual meeting of stockholders at which
directors are to be elected, hereinafter referred to as
"the Company's definitive proxy statement."

ITEM 10.        EXECUTIVE COMPENSATION

Information regarding management remuneration and transactions
is incorporated by reference to the Company's definitive proxy
statement.

ITEM 11.        SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
                AND MANAGEMENT

Information regarding the security ownership of certain beneficial
owners and management of the Company is incorporated by reference
to the Company's definitive proxy statement.

ITEM 12.        CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Information regarding certain relationships and related transactions
is incorporated by reference to the Company's definitive proxy statement.

PART IV

ITEM 13.        EXHIBITS AND REPORTS ON FORM 8-K

(a)     The following documents are filed as a part of this report:

1.      Financial Statements

        Independent Auditors' Report
        Balance Sheets - December 25, 1999 and December 23, 2000
        Statements of Operations - 52 weeks ended December 25, 1999
        and December 23, 2000
        Statements of Stockholders' Equity - 52 weeks ended
        December 25, 1999 and December 23, 2000
        Statements of Cash Flows - 52 weeks ended December 25, 1999
        and December 23, 2000
        Notes to Financial Statements

2.      Exhibits: Articles of Incorporation and Bylaws of the Company -
        Incorporated by reference to the Exhibits to the Notification
        under Regulation A filed on December 6, 1974.

(b)     No reports on Form 8-K have been filed during the last quarter
        of the period covered by this report.

SIGNATURES


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



        XEDAR CORPORATION
        (Registrant)


        By: Hans R. Bucher

               Hans R. Bucher, President


        Date: March 23, 2001


In accordance with the Exchange Act, this report has been signed
below by the following persons on behalf of the Registrant and
in the capacities and on the dates indicated.


Signature                   Title                 Date
                        President, Treasurer,
                        Chief Executive and
Hans R. Bucher          Financial Officer and     March 23, 2001
___________________     Director                  __________________
Hans R. Bucher


Gary A. Agron           Director                  March 23, 2001
____________________                              __________________
Gary A. Agron


Marlis Bucher           Secretary                 March 23, 2001
____________________                              __________________
Marlis Bucher