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

                                   FORM 10-QSB

                  Quarterly Report under Section 13 or 15 D of
                       the Securities Exchange Act of 1934

                        For Quarter Ended: June 30, 2001

                         Commission File Number: 0-28599


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


                                     NEVADA
         (State or other jurisdiction of incorporation or organization)

                                   91-2008633
                      (IRS Employer Identification Number)

                             14500 Northsight Blvd.
                                    Suite 312
                                 Scottsdale, AZ
                    (Address of principal executive offices)

                                      85260
                                   (Zip Code)

                                 (480) 905-7311
                           (Issuer's Telephone Number)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15 (d) of the  Securities  Exchange  Act of 1934 during the past 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 [ ].

On August  10,  2001,  the  Registrant  had  24,530,112  shares of common  stock
outstanding.
<PAGE>
                              QUOTEMEDIA.COM , INC.
                            INDEX TO QUARTERLY REPORT
                                 ON FORM 10-QSB

                                                                            Page
                                                                            ----
Part I.  Financial Information

         Item 1. Financial Statements                                          3

                 Balance Sheets                                                3

                 Statements of Operations                                      4

                 Statements of Cash Flows                                      5

                 Notes to Financial Statements                                 6

         Item 2. Management's Discussion and Analysis                          8

Part II. Other Information

         Item 1. Legal Proceedings                                            12

         Item 2. Changes in Securities                                        12

         Item 3. Defaults Upon Senior Securities                              12

         Item 4. Submission of Matters to a Vote of Security Holders          12

         Item 5. Other Information                                            12

         Item 6. Exhibits and Reports on Form 8-K                             12

         Signatures                                                           13

                                        2
<PAGE>
                              QUOTEMEDIA.COM, INC.
                                  BALANCE SHEET
                                  JUNE 30, 2001
                                   (UNAUDITED)

ASSETS                                                             JUNE 30, 2001
                                                                    -----------
CURRENT ASSETS

Cash                                                                $    43,499
Accounts receivable                                                         284
Deposits                                                                 37,331
                                                                    -----------
                                                                         81,114

Fixed assets, net                                                        40,391
                                                                    -----------
                                                                    $   121,505
                                                                    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts payable                                                    $   229,071
Note payable                                                            100,000
Due to related parties, net                                              51,151
                                                                    -----------
                                                                        380,222
                                                                    -----------
STOCKHOLDERS' EQUITY

Common stock, $0.001 par value, 50,000,000 shares
authorized, 21,845,112 shares issued and outstanding                     21,845
Additional paid-in capital                                            3,156,168
Accumulated deficit                                                  (3,436,730)
                                                                    -----------
                                                                       (258,717)
                                                                    -----------
                                                                    $   121,505
                                                                    ===========

                             SEE ACCOMPANYING NOTES

                                        3
<PAGE>
                              QUOTEMEDIA.COM, INC.
                            STATEMENTS OF OPERATIONS
                SIX AND THREE MONTHS ENDED JUNE 30, 2001 AND 2000
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                          SIX             SIX        THREE MONTHS    THREE MONTHS
                                      MONTHS ENDED    MONTHS ENDED       ENDED           ENDED
                                     JUNE 30, 2001   JUNE 30, 2000   JUNE 30, 2001   JUNE 30, 2000
                                      ------------    ------------    ------------    ------------
<S>                                   <C>             <C>             <C>             <C>
OPERATING REVENUE

Advertising                           $      1,713    $     14,213    $        267    $      7,422
Licensing fees                               5,365              --           2,388              --
                                      ------------    ------------    ------------    ------------
                                             7,078          14,213           2,655           7,422
OPERATING EXPENSES

Business development                       138,858         261,903         129,716         132,547
Financing expense                           75,000              --              --              --
Office and administration                  257,863         424,098          92,842         238,366
Professional fees                           50,473          75,402          19,036          56,946
Research and development                    30,936         210,772          16,514         136,927
Website content                            110,687         281,912          34,327         171,318
                                      ------------    ------------    ------------    ------------
                                           663,817       1,254,087         292,435         736,104
                                      ------------    ------------    ------------    ------------

OPERATING LOSS                            (656,739)     (1,239,874)       (289,780)       (728,682)

OTHER INCOME AND EXPENSES
Interest income                                146           5,055              11           2,359
Gain (loss) on sale of securities           (2,794)         14,430              --          14,430
                                      ------------    ------------    ------------    ------------
                                            (2,648)         19,485              11          16,789

LOSS FOR PERIOD                           (659,387)     (1,220,389)       (289,769)       (711,893)
                                      ============    ============    ============    ============
EARNINGS PER SHARE

Basic loss per share                  $      (0.03)   $      (0.07)   $      (0.01)   $      (0.04)
                                      ============    ============    ============    ============

Diluted                               $      (0.03)   $      (0.06)   $      (0.01)   $      (0.03)
                                      ============    ============    ============    ============

WEIGHTED AVERAGE SHARES OUTSTANDING

Basic                                   20,679,711      18,234,184      20,781,925      19,240,683
                                      ============    ============    ============    ============

Diluted                                 21,499,800      19,586,684      21,554,817      20,693,183
                                      ============    ============    ============    ============
</TABLE>

                             SEE ACCOMPANYING NOTES

                                        4
<PAGE>
                              QUOTEMEDIA.COM, INC.

                            STATEMENTS OF CASH FLOWS
                     SIX MONTHS ENDED JUNE 30, 2001 AND 2000
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                      SIX MONTHS ENDED   SIX MONTHS ENDED
                                                        JUNE 30, 2001      JUNE 30, 2000
                                                         -----------        -----------
<S>                                                      <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

NET LOSS                                                 $  (659,387)       $(1,220,389)

ADJUSTMENTS TO RECONCILE LOSS TO NET CASH USED IN
OPERATING ACTIVITIES:
Depreciation expense                                           7,127              5,620
Loss on sale of marketable securities                          2,794                855
Prepaid expenses                                                  --           (274,000)
Issuance of capital stock for services                       213,750            393,950
CHANGES IN ASSETS AND LIABILITIES:
Accounts receivable                                            3,159             19,329
Deposits                                                      (6,793)           (48,921)
Accounts payable                                              39,925             72,790
Deferred revenue                                              (2,055)                --
Due from related parties, net                                148,014           (174,838)
                                                         -----------        -----------
NET CASH USED IN OPERATING ACTIVITIES                    $  (253,466)       $(1,225,604)
                                                         -----------        -----------

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of marketable securities              $    81,626        $    26,785
Purchase of marketable securities                            (43,000)                --
Fixed assets                                                      --            (41,090)
                                                         -----------        -----------
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES           38,626            (14,305)
                                                         -----------        -----------

CASH FLOWS FROM FINANCING ACTIVITIES:

Note payable                                                 100,000                 --
Issuance of capital stock for cash                                --          1,295,250
                                                         -----------        -----------
NET CASH PROVIDED BY FINANCING ACTIVITIES                         --          1,295,250
                                                         -----------        -----------

NET (DECREASE) INCREASE IN CASH                             (114,840)            55,341

CASH, BEGINNING OF PERIOD                                    158,339            672,038
                                                         -----------        -----------

CASH, END OF PERIOD                                      $    43,499        $   727,379
                                                         ===========        ===========
</TABLE>

                             SEE ACCOMPANYING NOTES

                                        5
<PAGE>
                              QUOTEMEDIA.COM, INC.

                          NOTES TO FINANCIAL STATEMENTS
                      SIX MONTH PERIOD ENDED JUNE 30, 2001


1.   UNAUDITED INTERIM FINANCIAL STATEMENTS

     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance  with  the  generally  accepted  accounting  principles  for  interim
financial  statements and instructions for Form 10 - QSB.  Accordingly,  they do
not include all of the information and footnotes  required by generally accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management,  all adjustments,  consisting only of normal  recurring  adjustments
considered  necessary for a fair  presentation,  have been  included.  Operating
results for any quarter are not  necessarily  indicative  of the results for any
other quarter or for a full year.

     These financial statements should be read in conjunction with our financial
statements  and the notes  thereto for the fiscal year ended  December  31, 2000
contained in our Form 10-KSB filed with the Securities  and Exchange  Commission
on March 28, 2001

2.   BASIS OF PRESENTATION

     BUSINESS COMBINATION

     The Company ("QuoteMedia") was incorporated June 28, 1999 under the laws of
the  State  of  Colorado.  On  July  14,  1999,  Skyline  Entertainment,   Inc.,
("Skyline")  issued  11,000,000  common shares to acquire 100% of the issued and
outstanding shares of QuoteMedia. This issuance represented approximately 72% of
the  issued  and  outstanding  shares  of  Skyline.  As a  result,  the  selling
shareholders of QuoteMedia have become the controlling  shareholders of Skyline.
This transaction, under which control of the parent company passes to the former
shareholders of the subsidiary, is accounted as a reverse takeover.

     Under  reverse  takeover  accounting,   the  cost  of  the  acquisition  of
QuoteMedia has been recorded using the purchase  method,  with  QuoteMedia  (the
legal subsidiary) being recognized as the parent for accounting purposes.

     Under the July 14, 1999 agreement,  immediately after the reverse takeover,
QuoteMedia   was  merged  into   Skyline,   with  Skyline  being  the  surviving
corporation. Skyline's name was then changed to QuoteMedia.com, Inc.

     EARNINGS PER SHARE

     Earnings per share have been computed based on the weighted  average number
of common shares  outstanding.  For the  nine-month  period prior to the reverse
acquisition  discussed  above,  the number of common shares  outstanding used in
computing  earnings per share is the number of common  shares  outstanding  as a
result of such reverse  acquisition,  plus such additional  shares issued by the
Company subsequent to the business combination.

                                        6
<PAGE>
                              QUOTEMEDIA.COM, INC.

                          NOTES TO FINANCIAL STATEMENTS
                      SIX MONTH PERIOD ENDED JUNE 30, 2001


3.   SUBSEQUENT EVENT

     In July 2001, the Company  entered into a marketing  agreement with Thomson
Financial  Solutions  ("Thomson"),  a division of Thomson  Financial.  Under the
agreement,  Thomson will act as the principal marketing and sales agency for the
Company's  streaming  real time  portfolio  tracker  and it will also  place the
application on its  ThomsonFN.com  financial web site. Under the agreement,  the
Company will split revenues with Thomson on a 50/50 basis. In addition,  Thomson
was issued  2,185,000  shares of the Company's  common  stock,  of which 500,000
shares are  non-retractable  and  1,650,000  shares  will be subject to pro rata
retraction depending on the level of sales achieved by Thomson.

                                        7
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS
        OF OPERATIONS

     The following  discussion  should be read in conjunction with our financial
statements  and notes  thereto  included  elsewhere in this  report.  We caution
readers   regarding   certain  forward  looking   statements  in  the  following
discussion,  elsewhere in this report, and in any other statements,  made by, or
on behalf of our company,  whether or not in future  filings with the Securities
and Exchange Commission.  Forward-looking statements are statements not based on
historical  information  and  which  relate to  future  operations,  strategies,
financial  results,  or  other  developments.   Forward-looking  statements  are
necessarily based upon estimates and assumptions that are inherently  subject to
significant business, economic, and competitive uncertainties and contingencies,
many of which are beyond our control and many of which,  with  respect to future
business decisions, are subject to change. These uncertainties and contingencies
can affect actual  results and could cause actual  results to differ  materially
from those expressed in any forward looking statements made by, or on behalf of,
our company. We disclaim any obligation to update forward-looking statements.

     All   references  to  "we",   "our",   "us",  of   "quotemedia"   refer  to
Quotemedia.com,   Inc.,   and  it   predecessors,   operating   divisions,   and
subsidiaries.

     This report should be read in  conjunction  with our Form 10-KSB filed with
the Securities and Exchange Commission on March 28, 2001.

OVERVIEW

     We are a  leading  Internet  software  developer  and  Application  Service
Provider, or ASP, specializing in the collection,  aggregation,  and delivery of
both delayed and  real-time  financial  data and  complementary  content via the
Internet. We develop and license unique plug and play web-based software modules
that have the ability to deliver cost effective, visually appealing, and dynamic
content to web sites of brokerage firms, financial institutions, and Fortune 500
companies.

     Our  unique  plug and  play  product  capabilities  provide  a  competitive
advantage to Internet sites by offering a cost effective and simple  alternative
to the complex and expensive data feed model employed by most web sites today.

     The modules are lightweight,  reliable, and easy to install,  require fewer
content  updates and data feeds,  and have fewer  maintenance  issues.  They are
highly  customizable,  allowing for seamless  integration  into a customer's web
page.  To add a module to a web site, a webmaster  simply  copies and pastes one
line of our code to the desired web page.

     We have also developed unique and proprietary  "Web to Desktop  Convergence
Technologies"  that  allow web sites  and  publishers  to  deliver  content  and
corporate branding directly to a user's desktop outside of the web browser.

     Our  products  allow  existing  web  portals and  brokerage  firms to offer
investment information and services to their clients via the Internet. Investors
can monitor  investments  through our customizable  portfolio tracker,  research
investment opportunities,  watch live video, and execute trades, all from within
their  browser.  We believe that the business model of licensing  turnkey,  cost

                                        8
<PAGE>
effective software solutions to our customers on a private label basis is unique
and timely.  The private  label model  allows our company to take  advantage  of
existing  brand  recognition  and  loyalties  already  established  between  our
customers and their clients.

RESULTS OF OPERATIONS

REVENUE

     Revenue   consists  of  advertising   fees   generated   from   sponsorship
advertisements  and licensing  fees  generated  from our software  applications.
Revenue for the three month  period  ended June 30, 2001 was $2,655  compared to
$7,422 for the three month period ended June 30, 2000. Revenue for the six month
period  ended June 30,  2001 was $7,078  compared  to $14,213  for the six month
period ended June 30, 2000. The decrease is due to declining  banner-advertising
revenue.

OPERATING EXPENSES

     WEBSITE CONTENT

     Website content  expenses  consist  primarily of fees paid to the company's
strategic  partners for providing  financial content such as news, stock quotes,
charts,  company  background  data,  and general  information.  Website  content
expenses for the three month  period  ended June 30, 2001 were $34,327  compared
with $171,318 for the three month period ending June 30, 2000.  Website  content
expenses  for the six month period  ended June 30, 2001 were  $110,687  compared
with $281,912 for the six month period ending June 30, 2000. The decrease is due
to the Company re-negotiating lower rates for website content.

     PROFESSIONAL FEES

     Professional   fees  consist   primarily  of  legal  and  accounting  fees.
Professional  fees for the three month  period  ended June 30, 2001 were $19,036
compared  with  $56,946  for the  three  month  period  ending  June  30,  2000.
Professional  fees for the six month  period  ended June 30,  2001 were  $50,473
compared  with  $75,402  for the six month  period  ending  June 30,  2000.  The
decrease  is due to a decrease  in legal  fees  associated  with  trade  marking
activity and other legal matters.

     RESEARCH AND DEVELOPMENT

     Research and development  expenses  consist  primarily of costs  associated
with  the  design,   programming,   and  testing  of  our   company's   software
applications. Research and development expenses for the three month period ended
June 30, 2001 were  $16,514  compared  with  $136,927 for the three month period
ended June 30, 2000. Research and development  expenses for the six month period
ended June 30, 2001 were $30,936 compared with $210,722 for the six month period
ended  June 30,  2000.  The  decrease  is due to the  completion  of many of the
applications previously under development.

                                        9
<PAGE>
     BUSINESS DEVELOPMENT

     Business development  consists primarily of marketing,  investor relations,
travel, and printing expenses. Business development expenses for the three month
period  ended June 30, 2001 were  $129,716  compared  to $132,547  for the three
month  period  ended June 30, 2000.  Business  development  expenses for the six
month period ended June 30, 2001 were $138,858  compared to $261,903 for the six
month period ended June 30, 2000. The decrease is due to a reduction of business
development spending due to poor market conditions.

     FINANCING EXPENSE

     During the three month  period  ending June 30,  2001,  the Company  issued
500,000  shares  of its  common  stock at $0.15  (for a total of  $75,000)  as a
financing expense associated with a loan made to the Company by an outside third
party.

     OFFICE AND ADMINISTRATION

     Office and  administration  expenses  consist  primarily of rent,  computer
equipment leases,  computer maintenance and storage and salary expenses.  Office
and administration  expenses for the three month period ended June 30, 2001 were
$92,842  compared to $238,366  for the three month  period  ended June 30, 2000.
Office and administration  expenses for the six month period ended June 30, 2001
were $257,863 compared to $424,098 for the six month period ended June 30, 2000.
The decrease is due to lower salary expense during the periods.

INTEREST INCOME

Interest   income   consists  of  interest  earned  on  cash  and  money  market
investments.  Interest income for the three month period ended June 30, 2001 was
$11 compared to $2,359 for the three month period ended June 30, 2000.  Interest
income for the six month period ended June 30, 2001 was $146  compared to $5,055
for the six month period ended June 30, 2000.  The decrease is due to lower cash
and cash equivalent balances.

LOSS ON SALE OF MARKETABLE SECURITIES

The Company  incurred a loss on the sale of marketable  securities of $2,794 for
the six month period ending June 30, 2001  compared to a gain of $14,430  during
the six month period ended June 30, 2000.

LOSS FOR THE PERIOD

As a result of the foregoing, we incurred a loss for the three months ended June
30, 2001 of $289,769 or  approximately  $(0.01) per share  compared to a loss of
$711,893 and $ (0.04) per share for the three  months  ended June 30, 2000.  The
Company  incurred a loss for the six months  ended June 30,  2001 of $659,387 or
approximately  $(0.03) per share  compared to a loss of $1,220,389  and $ (0.07)
per share for the six months ended June 30, 2000.

                                       10
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

Our cash totaled $43,499 at June 30, 2001, as compared with $158,339 at December
31, 2000, a decrease of  $114,840.  Net cash of $253,466 was used in  operations
for the six months ended June 30, 2001,  primarily  resulting  from our net loss
for the period  offset by an increase in amounts due to related  parties and the
issuance  of  capital  stock  for  services.  Net  cash  provided  by  investing
activities for the six months ended June 30, 2001 was $38,626 resulting from the
proceeds  from the sale of  marketable  securities  exceeding  the  purchase  of
marketable  securities.  Net cash provided by financing  activities was $100,000
resulting from an increase in notes payable.

During the second  quarter of fiscal  2001,  we  continued  our efforts to raise
additional equity and debt financing.  We are continuing to explore  alternative
sources of  financing  and other  strategic  alternatives  for our  company.  We
believe that slowing market conditions  affected our efforts to raise additional
capital  during  the  second  fiscal  quarter.  As a result,  an  officer of our
company,  who is also a director,  provided  additional cash during the quarter,
and  intends  to  continue  such  funding  until we  complete  our next round of
financing.  Such amounts are  reflected in our  financial  statements as "Due to
related parties, net."

With  additional  equity  or  debt  financing,   we  intend  to  accelerate  our
development and infrastructure spending. We may not be successful in our efforts
to raise additional capital.

                                       11
<PAGE>
                            PART II OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS - none

ITEM 2. CHANGES IN SECURITIES

     During April 2001,  we issued  250,000  shares of common stock at $0.21 per
share to a company in consideration for business  development  services rendered
to our company. We issued these shares without registration under the Securities
Act in reliance on the exemption  provided by Section 4(2) of the Securities Act
as a transaction by an issuer not involving a public offering.

     During  June  2001,  we issued  500,000  shares at $0.15 to a company  as a
financing  fee  for  loan  to  the  Company.  We  issued  these  shares  without
registration  under the Securities Act in reliance on the exemption  provided by
Section 4(2) of the Securities Act as a transaction by an issuer not involving a
public offering.

     Also  during June 2001,  we issued to 500,000  shares at $0.15 to a company
for  business  development  services  rendered to our  Company.  We issued these
shares  without  registration  under  the  Securities  Act  in  reliance  on the
exemption  provided by Section 4(2) of the Securities Act as a transaction by an
issuer not involving a public offering.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES - none

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS - none

ITEM 5. OTHER INFORMATION - none

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K -

     (a)  Exhibits - None

     (b)  Reports on Form 8-K

     No  reports on Form 8-K were filed by the  Company  during the three  month
     period ended June 30, 2001.

                                       12
<PAGE>
                                   SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                        QUOTEMEDIA.COM, INC.


                                        Dated: August 8, 2001


                                        By: /s/ R. Keith Guelpa
                                            ------------------------------------
                                            R. Keith Guelpa,
                                            President
                                            (Principal Executive Officer)


                                        By: /s/ Keith J. Randall
                                            ------------------------------------
                                            Keith J. Randall, C.A.,
                                            Chief Financial Officer
                                            (Principal Accounting Officer)

                                       13