<HTML>
<HEAD>
<TITLE>Form 8-K for Medinex Systems, Inc. for the Period of January 24, 2003</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">

<P>==================================================================================</P>

<B><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>

<P ALIGN="CENTER">Washington, D.C.  20549</P>

<P ALIGN="CENTER">FORM 8-K<br>
CURRENT REPORT</P></B>


<B><P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the<br>
Securities Exchange Act of 1934</P>
</B>

<P ALIGN="CENTER">Date of Report<br>
<B>January 24, 2003</P>
</B>

<B><P ALIGN="CENTER">MEDINEX SYSTEMS, INC.<br>
</B>(Exact name of registrant as specified in its charter)</P>


<B><P ALIGN="CENTER">Delaware<br>
</B>(State or other jurisdiction of incorporation)</P>

</FONT><P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
<TR><TD WIDTH="41%" VALIGN="TOP">
<B><P>000-26337</B></FONT></TD>
<TD WIDTH="15%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="45%" VALIGN="TOP">
<B><P ALIGN="CENTER">82-0514605</B></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP">
<P>(Commission File No.)</FONT></TD>
<TD WIDTH="15%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="45%" VALIGN="TOP">
<P ALIGN="CENTER">(IRS Employer ID)</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<B><P ALIGN="CENTER">804 North Lincoln #2<br>
Post Falls, Idaho 83854<br>
</B>(Address of principal executive offices and Zip Code)</P>


<B><P ALIGN="CENTER">(208) 773-4865<br>
</B>(Registrant's telephone number, including area code)</P>

<P>==================================================================================</P>

<page>
<hr>

<B>
<P>ITEM 5.  Other Events and Regulation FD Disclosure</P>

</B><P>As previously reported, on November 27, 2002, Medinex Systems, Inc. (the "Company") filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Idaho (the "Bankruptcy Court") (Case No. 02-21797 ).  The Company manages, and will continue to manage, its property and operate its business as a "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code.</P>

<P>On January 22, 2003, the Bankruptcy Court held a final hearing on all emergency motions filed by the Company on December 11, 2002 and previously reported on Form 8-K dated January 6, 2003.  All motions were approved as submitted.</P>

<P>In further proceedings at the January 22, 2003 hearing, the Company informed the Court that it intended to file a Plan of Liquidation through a controlled sale of all assets through a two-phase process to be approved by the Court.  In the absence of such an approved Plan, the Company will be forced into liquidation under chapter 7 of the United States Code by the Court.</P>

<P>The following required monthly reports were submitted to the U.S. Trustee at the hearing:</P>

<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
<TR><TD VALIGN="TOP" COLSPAN=4>

<B><P ALIGN="CENTER">MEDINEX SYSTEMS, INC.<br>
U.S. TRUSTEE REPORT<br>
CASH BASIS PROFIT AND LOSS STATEMENT<br>
MONTH OF DECEMBER 2002<br>
(In thousands)</B></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="CENTER">December 31, 2002<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="CENTER">(Unaudited)</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>Revenues, net</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="RIGHT">77,465</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>Total Cost of Revenue</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="RIGHT">52,693<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>Gross Profit</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="RIGHT">24,772</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>Operating expenses:</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>Payroll Expense</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="RIGHT">43,721 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>General and administrative</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="RIGHT">9,365<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>Total  operating expenses</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="RIGHT">53,086 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>Net Operating Income (Loss) -- cash basis</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="RIGHT">(28,314)</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="96%" VALIGN="TOP" COLSPAN=3>

<P>Other Income:</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>Tax Refund</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="RIGHT">19,712<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP">

<P>Net Ordinary Income (Loss) -- cash basis</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP">

<P ALIGN="RIGHT">(8,602)<hr size=3 noshade></FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<p align=center> - 2 - </p>
<page>
<hr>

<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 WIDTH=680>
<TR><TD VALIGN="TOP" COLSPAN=6>
<B><P ALIGN="CENTER">MEDINEX SYSTEMS, INC.<br>
U.S. TRUSTEE REPORT<br>
BALANCE SHEET<br>
DECEMBER 31, 2002<br>
 (In thousands)</B></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="CENTER">December 31, 2002<hr></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="60%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="24%" VALIGN="TOP" HEIGHT=19>
<P ALIGN="CENTER">(UNAUDITED)</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP" COLSPAN=3>
<B><P>ASSETS</B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4>
<P>Current Assets</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP" COLSPAN=3>
<P>Checking/Savings</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Cash and cash equivalents</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">62,775 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Restricted cash</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">53,179 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Accounts Receivable</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">111,157 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Allowance for Doubtful Accounts</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">(5,222)</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Inventory- Recorders</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">8,000<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4 HEIGHT=18>
<B><P>Total Current Assets</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP" HEIGHT=18>
<P ALIGN="RIGHT">229,889 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=22><P></P></TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4 HEIGHT=22>
<P>Property and equipment, net</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP" HEIGHT=22>
<P ALIGN="RIGHT">38,922 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4>
<P>Investments</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">3,498 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="12%" VALIGN="TOP" COLSPAN=3>
<P> Deposits</FONT></TD>
<TD WIDTH="60%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">9,779<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4>

<P>Total Assets</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">

<P ALIGN="RIGHT">282,088<hr size=3 noshade></FONT></TD>
</TR>
<TR><TD WIDTH="76%" VALIGN="TOP" COLSPAN=5>
<B><P>LIABILITIES &amp; EQUITY</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4>
<P>Current Liabilities</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Accounts Payable</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">23,279 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P> DIP Financing</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">53,500 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Accrued Expense</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">132 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Accrued Vacation</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">845 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Sales Tax - ID</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">64,655 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Sales Tax - DC</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">1,076<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP" COLSPAN=3>
<B><P>Total Current Liabilities</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">143,487 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=22><P></P></TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4 HEIGHT=22>
<P>Long Term Liabilities</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<P>Pre-Petition L.T. Liabilities</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">3,129,734<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP">

<P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="68%" VALIGN="TOP" COLSPAN=3>

<P>Total Long Term Liabilities</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">

<P ALIGN="RIGHT">3,129,734<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4 HEIGHT=19>
<B><P>Total Liabilities</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP" HEIGHT=19>
<P ALIGN="RIGHT">3,273,221 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4>
<P>Equity</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP" COLSPAN=3>
<P>Common Stock</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">213,288 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP" COLSPAN=3>
<P>Warrants</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">40,625 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP" COLSPAN=3>
<P>Additional Paid in Capital</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">44,735,039 </FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP" COLSPAN=3>
<P>Retained Earnings</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">(46,160,165)</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="68%" VALIGN="TOP" COLSPAN=3>
<P>Net Income</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">(1,819,919)<hr></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP">

<P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="72%" VALIGN="TOP" COLSPAN=4>

<P>Total Equity</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">

<P ALIGN="RIGHT">(2,991,133)<hr></FONT></TD>
</TR>
<TR><TD WIDTH="76%" VALIGN="TOP" COLSPAN=5>
<B><P>TOTAL LIABILITIES &amp; EQUITY</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT">282,088<hr size=3 noshade></FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align=center> - 3 - </p>
<page>
<hr>

<B><P ALIGN="CENTER">SIGNATURE</P>
</B>
<P>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<B><P>DATED</B>: January 24, 2003</P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP">
<B><P>MEDINEX SYSTEMS, INC.</B></FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP">

<P>BY: /s/ Colin Christie</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="64%" VALIGN="TOP">
<P>Colin Christie, President and Chief Executive Officer</FONT></TD>
</TR>
</TABLE>



</FONT></BODY>
</HTML>
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Form 8-K for Medinex Systems, Inc. for the Period of January 24, 2003
==================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report
January 24, 2003
MEDINEX SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-26337
82-0514605
(Commission File No.)
(IRS Employer ID)
804 North Lincoln #2
Post Falls, Idaho 83854
(Address of principal executive offices and Zip Code)
(208) 773-4865
(Registrant's telephone number, including area code)
==================================================================================
ITEM 5.  Other Events and Regulation FD Disclosure
As previously reported, on November 27, 2002, Medinex Systems, Inc. (the "Company") filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Idaho (the "Bankruptcy Court") (Case No. 02-21797 ).  The Company manages, and will continue to manage, its property and operate its business as a "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code.
On January 22, 2003, the Bankruptcy Court held a final hearing on all emergency motions filed by the Company on December 11, 2002 and previously reported on Form 8-K dated January 6, 2003.  All motions were approved as submitted.
In further proceedings at the January 22, 2003 hearing, the Company informed the Court that it intended to file a Plan of Liquidation through a controlled sale of all assets through a two-phase process to be approved by the Court.  In the absence of such an approved Plan, the Company will be forced into liquidation under chapter 7 of the United States Code by the Court.
The following required monthly reports were submitted to the U.S. Trustee at the hearing:
MEDINEX SYSTEMS, INC.
U.S. TRUSTEE REPORT
CASH BASIS PROFIT AND LOSS STATEMENT
MONTH OF DECEMBER 2002
(In thousands)
December 31, 2002
(Unaudited)
Revenues, net
77,465
Total Cost of Revenue
52,693
Gross Profit
24,772
Operating expenses:
Payroll Expense
43,721
General and administrative
9,365
Total  operating expenses
53,086
Net Operating Income (Loss) -- cash basis
(28,314)
Other Income:
Tax Refund
19,712
Net Ordinary Income (Loss) -- cash basis
(8,602)
- 2 -
MEDINEX SYSTEMS, INC.
U.S. TRUSTEE REPORT
BALANCE SHEET
DECEMBER 31, 2002
(In thousands)
December 31, 2002
(UNAUDITED)
ASSETS
Current Assets
Checking/Savings
Cash and cash equivalents
62,775
Restricted cash
53,179
Accounts Receivable
111,157
Allowance for Doubtful Accounts
(5,222)
Inventory- Recorders
8,000
Total Current Assets
229,889
Property and equipment, net
38,922
Investments
3,498
Deposits
9,779
Total Assets
282,088
LIABILITIES & EQUITY
Current Liabilities
Accounts Payable
23,279
DIP Financing
53,500
Accrued Expense
132
Accrued Vacation
845
Sales Tax - ID
64,655
Sales Tax - DC
1,076
Total Current Liabilities
143,487
Long Term Liabilities
Pre-Petition L.T. Liabilities
3,129,734
Total Long Term Liabilities
3,129,734
Total Liabilities
3,273,221
Equity
Common Stock
213,288
Warrants
40,625
Additional Paid in Capital
44,735,039
Retained Earnings
(46,160,165)
Net Income
(1,819,919)
Total Equity
(2,991,133)
TOTAL LIABILITIES & EQUITY
282,088
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DATED
: January 24, 2003
MEDINEX SYSTEMS, INC.
BY: /s/ Colin Christie
Colin Christie, President and Chief Executive Officer