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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-QSB

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

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2002

( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.

FOR THE TRANSITION PERIOD FROM ____________ TO ____________

COMMISSION FILE NO. 000-27035

MICROISLET, INC.
(Exact name of small business issuer as specified in its charter)

NEVADA 88-0408274
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)

6540 LUSK BOULEVARD, SUITE C250, SAN DIEGO, CALIFORNIA 92121
(Address of principal executive offices) (Zip Code)

(858) 657-0287
Issuer's telephone number, including area code

secfilings.nasdaq.com