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: March 31, 2002

                         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  May  9,  2002,  the  Registrant  had  37,739,529   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                       7


Part II.  Other Information

          Item 1.   Legal Proceedings                                         11

          Item 2.   Changes in Securities                                     11

          Item 3.   Defaults Upon Senior Securities                           11

          Item 4.   Submission of Matters to a Vote of Security Holders       11

          Item 5.   Other Information                                         11

          Item 6.   Exhibits and Reports on Form 8-K                          11


          Signatures                                                          12

                                                                               2
<PAGE>
                              QUOTEMEDIA.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET
                                 MARCH 31, 2002
                                   (UNAUDITED)


ASSETS                                                            MARCH 31, 2002
                                                                  --------------
CURRENT ASSETS
Cash and cash equivalents                                           $   121,163
Accounts receivable                                                         284
Deposits                                                                 15,404
                                                                    -----------
Total current assets                                                    136,851

Fixed assets, net                                                        53,637
                                                                    -----------
                                                                    $   190,488
                                                                    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts payable                                                    $   258,473
Note payable                                                             97,775
Deferred revenue                                                          1,760
Due to related parties, net                                             250,003
                                                                    -----------
                                                                        608,011
                                                                    -----------

STOCKHOLDERS' EQUITY
Common stock, $0.001 par value, 50,000,000 shares
authorized, 36,389,529 shares issued and outstanding                     36,390
Additional paid-in capital                                            5,189,530
Accumulated deficit                                                  (5,643,443)
                                                                    -----------
                                                                       (417,523)
                                                                    -----------
                                                                    $   190,488
                                                                    ===========

                             SEE ACCOMPANYING NOTES

                                                                               3
<PAGE>
                              QUOTEMEDIA.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                   THREE MONTHS ENDED MARCH 31, 2002 AND 2001
                                   (UNAUDITED)

                                         THREE MONTHS ENDED   THREE MONTHS ENDED
                                           MARCH 31, 2002       MARCH 31, 2001
                                           --------------       --------------
OPERATING REVENUE
Advertising                                 $      1,458         $      1,446
Licensing fees                                     4,433                2,977
                                            ------------         ------------
                                                   5,891                4,423

OPERATING EXPENSES
Business development                               2,903                9,142
Financing expense                                287,750                   --
Office                                            61,151              165,021
Professional fees                                  5,068               31,437
Research and development                          44,223               14,422
Website content                                   45,482               76,360
                                            ------------         ------------
                                                 446,577              296,382
                                            ------------         ------------

OPERATING LOSS                                  (440,686)            (291,959)

OTHER INCOME AND EXPENSES
Interest income                                       90                  135
Loss on sale of marketable securities                 --               (2,794)
                                            ------------         ------------
                                                      90               (2,659)

LOSS FOR PERIOD                                 (440,596)            (294,618)
                                            ============         ============

EARNINGS PER SHARE
Basic loss per share                        $      (0.01)        $      (0.01)
                                            ============         ============

Diluted                                     $      (0.01)        $      (0.01)
                                            ============         ============

WEIGHTED AVERAGE SHARES OUTSTANDING
Basic                                         34,285,362           20,576,362
                                            ============         ============

Diluted                                       38,698,297           21,321,210
                                            ============         ============

                             SEE ACCOMPANYING NOTES

                                                                               4
<PAGE>
                              QUOTEMEDIA.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                   THREE MONTHS ENDED MARCH 31, 2002 AND 2001
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                 THREE MONTHS ENDED   THREE MONTHS ENDED
                                                   MARCH 31, 2002       MARCH 31, 2001
                                                   --------------       --------------
<S>                                                   <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

NET LOSS                                              $(440,596)          $(294,618)

ADJUSTMENTS TO RECONCILE LOSS TO NET CASH
  USED IN OPERATING ACTIVITIES:
Depreciation expense                                      4,000               3,564
Loss on sale of marketable securities                        --               2,794
Issuance of capital stock for services                  271,250              11,250
CHANGES IN ASSETS AND LIABILITIES:
Accounts receivable                                        (284)              2,370
Deposits                                                     --                (276)
Accounts payable                                        (86,664)             32,847
Deferred revenue                                           1760                (347)
Due from related parties, net                             9,250              99,119
                                                      ---------           ---------
NET CASH USED IN OPERATING ACTIVITIES                 $(241,284)          $(143,297)
                                                      ---------           ---------

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of marketable securities           $      --           $  38,626
Purchase of marketable securities                            --             (43,000)
Fixed assets                                             (8,573)                 --
                                                      ---------           ---------
NET CASH USED IN INVESTING ACTIVITIES                    (8,573)             (4,374)
                                                      ---------           ---------

CASH FLOWS FROM FINANCING ACTIVITIES:

Issuance of capital stock for cash                      180,000                  --
Repayment of note payable                               (30,000)                 --
Share subscription receivable                            20,000                  --
                                                      ---------           ---------
NET CASH PROVIDED BY FINANCING ACTIVITIES               170,000                  --
                                                      ---------           ---------

NET (DECREASE) IN CASH                                  (79,857)           (147,671)

CASH, BEGINNING OF PERIOD                               201,020             158,339
                                                      ---------           ---------

CASH, END OF PERIOD                                   $ 121,163           $  10,668
                                                      =========           =========
</TABLE>

                             SEE ACCOMPANYING NOTES

                                                                               5
<PAGE>
                              QUOTEMEDIA.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                     THREE MONTH PERIOD ENDED MARCH 31, 2002

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
consolidated  financial  statements  and the notes  thereto  for the fiscal year
ended  December 31, 2001  contained in our Form 10-KSB filed with the Securities
and Exchange Commission dated March 18, 2002.

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>
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 dated March 18, 2001.

OVERVIEW

     We are a leading Java  Internet  software  developer  and Vertical  Service
Provider, or VSP, 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  "best of breed",  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

                                                                               7
<PAGE>
their  browser.  We believe that the business model of licensing  turnkey,  cost
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.

     Our  new  QuoteStream(TM)  product  line is  comprised  of  three  products
(QuoteStream Lite, QuoteStream, and QuoteStream Pro), all based on the company's
revolutionary,   proprietary   Java  Applet  that  delivers  a  broad  range  of
value-added  financial information and services,  such as market indices,  stock
watch lists,  charts,  delayed and  real-time  streaming  (dynamically  updated)
content in a small (under 100k) web delivered micro-application that requires no
downloads or user-resident software, and resides on the user's computer desktop.

     We have designed our QuoteStream products specifically for private branding
by brokerage,  banking, and web portal companies ("Corporate Partners"),  and to
meet the needs of their customers.  QuoteStream  enables a Corporate  Partner to
complement their existing product offering,  differentiate themselves from their
competition,  and generate potentially  substantial  incremental  revenue.  This
comprehensive  micro-application,  allows Corporate  Partners to offer their own
private branded  QuoteStream  Lite product at no cost to the Partner Company and
no cost to their  customer.  In  addition,  Partners  can offer and  up-sell the
enhanced QuoteStream and QuoteStream Pro products.

     We will derive the majority of our revenue  from monthly user  subscription
fees, which we share with our corporate marketing partners.  We will also derive
revenue from other sources such as email list rentals, banner ads etc.

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 March 31, 2002 was $5,891  compared to
$4,423 for the three month period  ended March 31, 2001.  The increase is due to
subscription   revenue   resulting  from  the   introduction  of  our  real-time
QuoteStream product.

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 March 31, 2002 were $45,482  compared
with $76,360 for the three month period  ending March 31, 2001.  The decrease is
due to the Company re-negotiating lower rates for website content.

                                                                               8
<PAGE>
     PROFESSIONAL FEES

     Professional   fees  consist   primarily  of  legal  and  accounting  fees.
Professional  fees for the three month  period  ended March 31, 2002 were $5,068
compared  with  $31,437 for the three month period  ending  March 31, 2001.  The
decrease is due to decreased legal activity for the period.

     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
March 31, 2002 were  $44,223  compared  with  $14,422 for the three month period
ended March 31, 2001. The increase is due to the  development of our Quotestream
product.

     BUSINESS DEVELOPMENT

     Business development  consists primarily of marketing,  investor relations,
travel, and printing expenses. Business development expenses for the three month
period  ended March 31, 2002 were $2,903  compared to $9,142 for the three month
period  ended March 31,  2001.  The  decrease is due to a reduction  of business
development spending due to poor market conditions.

     OFFICE

     Office  expenses  consist  primarily of rent,  computer  equipment  leases,
computer  maintenance and storage and salary  expenses.  Office expenses for the
three month period  ended March 31, 2002 were  $61,151  compared to $165,021 for
the three month period ended March 31, 2001. The decrease is due to lower salary
expense and lower computer storage costs for the quarter resulting from a credit
received for past over billing.

     FINANCING EXPENSE

     During the three months ended March 31, 2002, the Company incurred $287,750
in financing  fees  resulting  from the issuing of 875,000  shares of its common
stock associated with loans and private equity financing  transacted  during the
period.

INTEREST INCOME

Interest   income   consists  of  interest  earned  on  cash  and  money  market
investments. Interest income for the three month period ended March 31, 2002 was
$90 compared to $135 for the three month period ended March 31, 2001.

LOSS ON SALE OF MARKETABLE SECURITIES

No marketable securities were sold during the three month period ended March 31,
2002. The Company incurred a loss on the sale of marketable securities of $2,794
for the three month period ending March 31, 2001.

                                                                               9
<PAGE>
LOSS FOR THE PERIOD

As a result of the  foregoing,  we  incurred a loss for the three  months  ended
March 31, 2002 of $440,596 or approximately $(0.01) per share compared to a loss
of $294,618 and $ (0.01) per share for the three months ended March 31, 2001.

LIQUIDITY AND CAPITAL RESOURCES

Our cash  totaled  $121,163  at March 31,  2002,  as compared  with  $201,020 at
December  31,  2001,  a decrease  of $79,857.  Net cash of $241,284  was used in
operations for the three months ended March 31, 2002,  primarily  resulting from
our net loss for the period and a decrease  in  accounts  payable  offset by the
issuance of capital  stock for services.  Net cash used in investing  activities
for the three months ended March 31, 2002 was $8,573 resulting from the purchase
of fixed assets. Net cash provided by financing  activities for the three months
ended March 31, 2002 was $170,000  resulting  from the issuance of capital stock
for cash and the decrease in share subscription receivable offset by the partial
repayment of notes payable.

We cannot  predict  the  timing and amount of future  capital  expenditures.  We
believe,  however,  that cash on hand  will be  sufficient  to fund our  current
operations  through  the second  quarter of 2002.  We intend to  accelerate  our
development and  infrastructure  spending in the coming calendar  quarters if we
have  sufficient  available  capital  resources.   We  will  require  additional
financings,  which may come from  future  equity or debt  offerings  that  could
result in dilution to our stockholders. Adequate capital may not be available at
that time and the lack of such capital could adversely  affect our business.  In
April 2002,  the company  issued  200,000  shares of restricted  common stock at
$0.10 for total proceeds of $20,000.

                                                                              10
<PAGE>
                            PART II OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS - NONE

ITEM 2.  CHANGES IN SECURITIES

During January 2002, we issued  500,000  shares of restricted  common stock at a
price of $0.37 per share, or an aggregate price of $185,000,  as a financing fee
for  financing  provided  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.

During March 2002,  we issued  300,000  shares of  restricted  common stock at a
price of $0.23 per share, or an aggregate  price of $69,000,  as a financing fee
for  financing  provided to the Company.  We issued  75,000 shares of restricted
common stock at a price of $0.23 per share, or an aggregate price of $17,250, as
a financing  fee for  financing  provided to the  Company.  We issued  1,800,000
shares of restricted common stock at a price of $0.10 per share, or an aggregate
offering price of $180,000 as part of a private  equity.  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

On February 25, 2002,  the Company filed a Current  Report on Form 8-K regarding
the change in the Company's independent public accountants.

                                                                              11
<PAGE>
                                   SIGNATURES

     Pursuant to the  requirements  of Section 12 of the Securities and Exchange
Act of 1934,  the  Registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


                                         QUOTEMEDIA.COM, INC.


                                         Dated: May 9, 2002



                                         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)

                                                                              12