UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 8-K/A

                                 CURRENT REPORT

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


                          Date of Report: July 14, 2003


                       DEVELOPED TECHNOLOGY RESOURCE, INC.
             (Exact name of registrant as specified in its charter)



        MINNESOTA                       0-21394                  41-1713474
(State of other jurisdiction     (Commission File No.)         (IRS Employer
     of incorporation)                                    Identification Number)


                SOUTHPOINT OFFICE CENTER, 1650 WEST 82ND STREET,
                       SUITE 1040, BLOOMINGTON, MN 55431
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (952) 881-4105

                   5223 INDUSTRIAL BOULEVARD, EDINA, MN 55439
         (Former name, former address and former fiscal year, if changed
                               since last report)



ITEM 2.    ACQUISITION OR DISPOSITION OF ASSETS

     This amendment amends Form 8-K dated April 30, 2003, filed May 9, 2003. The
8-K reported the  acquisition of GelStat Corp.  ("GelStat")  by the  registrant,
Developed Technology  Resource,  Inc. ("DTR"), and a resulting change of control
of the registrant.  This amendment  completes the required  financial  statement
(historical and pro forma) disclosure.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

     The  following  historical  financial  statements  of GelStat and pro forma
combined  financial  statements  of DTR and  GelStat  are  hereby  filed by this
amendment to Form 8-K.

23.1 Consent of Gary Lundeen Company, PA

99.1 Audited  Financial  Statements of GelStat Corp. for the year ended December
     31, 2002.

99.2 Unaudited  Interim  Financial  Statements  of GelStat  Corp.  for the Three
     Months ended March 31, 2003.

99.3 Unaudited Pro forma financial information.



                                   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.

Dated:  July 14, 2003               DEVELOPED TECHNOLOGY RESOURCE, INC.

                                    By /s/ Stephen C. Roberts
                                       ----------------------------
                                       Stephen C. Roberts
                                       Chief Executive Officer