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 (Date of earliest event reported)
                                  July 13, 2001

                         FLEXPOINT SENSOR SYSTEMS, INC.
            (Exact name of registration as specified in its charter)

                                    Delaware
                 (State or other jurisdiction of incorporation)

                  0-24368                               87-0620425
         (Commission file number)           (IRS employer identification no.)

47 East 7200 South, #204, Midvale, Utah                    84047
(Address of principal executive offices)                 (ZIP code)

                                 (801) 568-5111
              (Registrant's telephone number, including area code)

                   This document contains a total of 3 pages.





Item 3.  Bankruptcy or Receivership

         (a) On July 3, 2001  Flexpoint  Sensor  Systems,  Inc. (the  "Company")
filed a voluntary petition for reorganization pursuant to Chapter 11 or the U.S.
Bankruptcy  Code. The petition was filed in the United States  Bankruptcy  Court
for the District of Utah,  File No.  01-29577JAB.  The judge  presiding over the
petition in the  Honorable  Judith A.  Boulden.  The  Bankruptcy  Court  assumed
jurisdiction  over the business  and assets of the Company on July 3, 2001,  and
has left the  existing  directors  and  officers in  possession,  subject to the
supervision and orders of the Court.

         (b) No plan of reorganization has been submitted,  and thus no order of
the Court confirming such a plan has been entered.




                                   SIGNATURES

         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.

                                                  FLEXPOINT SENSOR SYSTEMS, INC.
Date: July 13, 2001

                                                  By   /s/ JOHN SINDT
                                                  ------------------------------
                                                  John Sindt
                                                  President