<PAGE>

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



                                  Form 10-QSB

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
    OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000
                                           --------------
[_] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
    OF 1934 FOR THE TRANSITION PERIOD FROM _________________ TO _______________

Commission file number 0-29 219
                       ----------
                                POKER.COM INC
--------------------------------------------------------------------------------
       (Exact name of small business issuer as specified in its charter)

              FLORIDA                                   98-0199508
------------------------------------       ---------------------------------
   (State or other jurisdiction of                   (I.R.S. Employer
    incorporation or organization)                  Identification No.)

SUITE 201 1166 ALBERNI ST. VANCOUVER                      V6E 3Z3
------------------------------------       ---------------------------------
(Address of principal executive offices)                (Zip Code)

                                (604) 689-5998
--------------------------------------------------------------------------------
                          (Issuer's telephone number)

________________________________________________________________________________
  (Former name, former address and former fiscal year, if changed since last
                                    report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act 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 ___ No  X
                                                                        ---

Applicable only to issuers involved in bankruptcy proceedings during the
preceding five years

Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.   Yes ____ No _____

Applicable only to corporate issuers

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date.  5,200,000 COMMON SHARES AS AT MARCH
31, 2000.

Transitional Small Business Disclosure Format
(Check one):
Yes ____ No  X
            ---
<PAGE>

                                POKER.COM INC.
                                  FORM 10-QSB
                     FOR THE QUARTER ENDED MARCH 31, 2000

<TABLE>
<CAPTION>

Index                                                             Page Number
<S>       <C>                                                         <C>

PART I    FINANCIAL INFORMATION

Item 1.   Consolidated Balance Sheets                                  5

          Consolidated Statements of Operations                        6

          Consolidated Statement of Stockholders' Equity               7

          Consolidated Statements of Cash Flows                        8

          Notes to Unaudited Consolidated Financial Statements         9

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations                         10

PART II  OTHER INFORMATION

Item 1.   Legal Proceedings                                           13

Item 2.   Changes in Securities                                       13

Item 3.   Defaults Upon Senior Securities                             13

Item 4.   Submission of Matters to a Vote of Security Holders         13

Item 5.   Other Information                                           13

Item 6.   Exhibits and Reports on Form 8-K                            13

SIGNATURE                                                             14
</TABLE>

                                                                               2
<PAGE>

                        PART 1 - FINANCIAL INFORMATION

ITEM 1:  FINANCIAL STATEMENTS

POKER.COM, INC.
(A Development Stage Company)

Consolidated Financial Statements
March 31, 2000 (Unaudited) and
December 31, 1999 and 1998
(U.S. Dollars)




     INDEX
     -----

     Report of Independent Chartered Accountants

     Consolidated Financial Statements

     Consolidated Balance Sheets

     Consolidated Statements of Operations

     Consolidated Statements of Stockholders' Equity

     Consolidated Statements of Cash Flows

     Notes to Consolidated Financial Statements

                                                                               3
<PAGE>

                  REPORT OF INDEPENDENT CHARTERED ACCOUNTANTS


TO THE DIRECTORS AND SHAREHOLDERS OF POKER.COM, INC.
(A Development Stage Company)

We have audited the accompanying consolidated balance sheet of Poker.com, Inc.
(formerly Thermal Ablation Technologies Corporation), (A Development Stage
Company) as at December 31, 1999 and the related consolidated statements of
operations, stockholders' equity and cash flows for the year then ended. These
consolidated financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these consolidated
financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards
in the United States. Those standards require that we plan and perform an audit
to obtain reasonable assurance whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the consolidated financial statements.
An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable basis
for our opinion.

In our opinion, these consolidated financial statements present fairly, in all
material respects, the financial position of the Company as at December 31, 1999
and the results of its operations and cash flows for the year ended December 31,
1999 in conformity with generally accepted accounting principles in the United
States.

The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in note 2 to the
consolidated financial statements, the Company has minimal capital resources
available and has incurred substantial losses to December 31, 1999. The Company
must obtain additional financing to meet its cash flow requirements. These
matters raise substantial doubt about the Company's ability to continue as a
going concern. These financial statements do not include any adjustments that
may result from the outcome of these uncertainties.




Chartered Accountants

Vancouver, Canada
March 14, 2000


                                                                               4
<PAGE>

POKER.COM, INC.
(Formerly Thermal Ablation Technologies Corporation)
(A Development Stage Company)
Consolidated Balance Sheets
March 31, 2000 (Unaudited) and December 31, 1999 and 1998
(U.S. Dollars)

<TABLE>
<CAPTION>
========================================================================================================================
                                                                        March 31,                  December 31,
                                                                          2000                1999              1998
------------------------------------------------------------------------------------------------------------------------
                                                                       (unaudited)
<S>                                                                    <C>                 <C>               <C>
 Assets

 Current
   Cash                                                                $  188,483          $  41,132         $   5,898
   Accounts receivable                                                    180,160             99,405                 0
   Advances to related party                                                    0                  0            17,223
   Prepaid expenses                                                         5,154              2,635                 0
------------------------------------------------------------------------------------------------------------------------
Total Current Assets                                                      373,797            143,172            23,121
Long-Term Receivable (note 4)                                             150,000            150,000                 0
Property and Equipment (note 5)                                           116,949            100,822                 0
Intangible Assets (notes 6 and 7)                                         220,625            222,812                 0
Long-Term Investment (note 8)                                                   0                  0            90,298
------------------------------------------------------------------------------------------------------------------------

Total Assets                                                           $  861,371          $ 616,806         $ 113,419
========================================================================================================================

Liabilities

Current
   Accounts payable and accrued
    liabilities (notes 7 and 9)                                        $  304,353          $ 195,527         $  12,350
   Advances from related parties (note 11(d))                              11,371             95,927                 0
------------------------------------------------------------------------------------------------------------------------
Total Liabilities                                                         315,724            291,454            12,350
------------------------------------------------------------------------------------------------------------------------
Contingencies and Commitments (notes 12 and 14)
Stockholders' Equity (note 10)
Preferred Stock, $0.01 par value, 5,000,000 shares authorized, no
shares issued and outstanding

Common Stock and Paid-In Capital in Excess of $0.01 Par Value
  100,000,000  Shares authorized
    5,200,000  (1999 - 4,700,000; 1998 - 4,000,000) shares              1,010,000            510,000           160,000
              issued and outstanding
Subscriptions Received                                                    360,000            500,000           100,000
Other Comprehensive Loss                                                  (14,130)           (14,130)                0
Deficit Accumulated During the Development Stage                         (810,223)          (670,518)         (158,931)
------------------------------------------------------------------------------------------------------------------------
Total Stockholders' Equity                                                545,647            325,352           101,069
------------------------------------------------------------------------------------------------------------------------

Total Liabilities and Stockholders' Equity                             $  861,371          $ 616,806         $ 113,419
========================================================================================================================
</TABLE>


     See notes to consolidated financial statements.                           5
<PAGE>

POKER.COM, INC.
(Formerly Thermal Ablation Technologies Corporation)
(A Development Stage Company)
Consolidated Statements of Operations
Three Months Ended March 31, 2000 (Unaudited), Years Ended December 31, 1999 and
1998 and Period From May 3, 1989 (Inception) Through December 31, 1999
(U.S. Dollars)

================================================================================

<TABLE>
<CAPTION>
                                                                                                         Period From
                                                                                                         May 3, 1989
                                                   Three                                                 (Inception)
                                               Months Ended                                                Through
                                                 March 31,            Year Ended December 31,             March 31,
                                                   2000               1999               1998                2000
----------------------------------------------------------------------------------------------------------------------
                                                (unaudited)
<S>                                             <C>                <C>                <C>                <C>
 Revenues
   Marketing                                    $  257,220         $   50,280         $        0         $  307,500
   Miscellaneous                                         0                108                906              1,014
----------------------------------------------------------------------------------------------------------------------
Total Revenues                                     257,220             50,388                906            308,514
Cost of Goods Sold                                  28,689             27,793                  0             56,482
----------------------------------------------------------------------------------------------------------------------
Gross Margin                                       228,531             22,595                906            252,032
----------------------------------------------------------------------------------------------------------------------
Expenses
   Website marketing                               220,668            136,573                  0            357,241
   Corporation promotion                            67,471             39,802              1,412            108,685
   Office supplies and services                     40,337             29,059              2,340             71,736
   Management and consulting fees                   19,095             43,573             61,681            134,349
   Rent                                              6,631             21,101             11,460             39,192
   Professional fees                                 2,962             45,996             71,428            120,386
   Compensation expense (note 11(b))                     0            125,000                  0            125,000
   Investment written off (note 8)                       0            140,297                  0            140,297
   General corporate expenses                       (2,269)             9,856              1,516              9,103
   Depreciation and amortization                    13,341              7,925                  0             21,266
----------------------------------------------------------------------------------------------------------------------
Total Expenses                                     368,236            599,182            149,837          1,127,255
----------------------------------------------------------------------------------------------------------------------
Loss from Operations                              (139,705)          (576,587)          (148,931)          (875,223)
Gain on Sale of Asset                                    0             65,000                  0             65,000
----------------------------------------------------------------------------------------------------------------------
Net Loss for Period                             $ (139,705)        $ (511,587)        $ (148,931)        $ (810,223)
======================================================================================================================

Net Loss Per Share                              $    (0.03)        $    (0.12)        $    (0.06)
======================================================================================================================

Weighted Average Number of
   Common Shares Outstanding                     5,097,849          4,291,667          2,536,986
======================================================================================================================
</TABLE>


     See notes to consolidated financial statements.                           6
<PAGE>

POKER.COM, INC.
(Formerly Thermal Ablation Technologies Corporation)
(A Development Stage Company)
Consolidated Statements of Stockholders' Equity
Three Months Ended March 31, 2000 (Unaudited), Years Ended December 31, 1999 and
1998 and Period From May 3, 1989 (Inception) Through December 31, 1999
(U.S. Dollars)

================================================================================

<TABLE>
<CAPTION>
                                                                                                         Period From
                                                                                                         May 3, 1989
                                                Three                                                    (Inception)
                                            Months Ended                                                   Through
                                              March 31,             Year Ended December 31,               March 31,
                                                2000                1999               1998                  2000
-------------------------------------------------------------------------------------------------------------------
                                             (unaudited)
<S>                                         <C>                <C>                  <C>                  <C>
Shares of Common Stock Issued
  Balance, beginning of period               4,700,000          4,000,000            1,000,000   (i)              0
  Issued for
    Services (note 11(b))                            0            250,000                    0            1,000,000
    Cash                                       500,000            200,000  (iii)     3,000,000  (ii)      3,200,000
    Intangible assets (note 6)                       0            250,000  (iii)             0              500,000
-------------------------------------------------------------------------------------------------------------------
  Balance, end of period                     5,200,000          4,700,000            4,000,000            4,700,000
===================================================================================================================

Common Stock and Paid-In Capital
  In Excess of Par
    Balance, beginning of period            $  510,000         $  160,000           $   10,000           $        0
  Issued for
    Services (note 11(b))                            0            125,000                    0               10,000
    Cash                                       500,000            100,000              150,000              250,000
    Intangible assets (note 6)                       0            125,000                    0              250,000
-------------------------------------------------------------------------------------------------------------------
  Balance, end of period                    $1,010,000         $  510,000           $  160,000           $  510,000
===================================================================================================================
Subscriptions Received
  Balance, beginning of period              $  500,000         $  100,000           $        0           $        0
  Issued                                      (500,000)          (100,000)                   0                    0
  Subscriptions received                       360,000            500,000              100,000              500,000
-------------------------------------------------------------------------------------------------------------------
  Balance, end of period                    $  360,000         $  500,000           $  100,000           $  500,000
===================================================================================================================
Other Comprehensive Income
  Balance, beginning of period              $  (14,130)        $        0           $        0           $        0
  Foreign currency translation loss                  0            (14,130)                   0              (14,130)
-------------------------------------------------------------------------------------------------------------------
  Balance, end of period                    $  (14,130)        $  (14,130)          $        0           $  (14,130)
===================================================================================================================
Deficit Accumulated During
  Development Stage
    Balance, beginning of period            $ (670,518)        $ (158,931)          $  (10,000)          $        0
    Net loss for period                       (139,705)          (511,587)            (148,931)            (670,518)
-------------------------------------------------------------------------------------------------------------------
    Balance, end of period                  $ (810,223)        $ (670,518)          $ (158,931)          $ (670,518)
===================================================================================================================

Total Stockholders' Equity                  $  545,647         $  325,352           $  101,069           $  325,352
===================================================================================================================
</TABLE>

(i)     Issued @ $0.01/share
(ii)    Issued @ $0.05/share
(iii)   Issued @ $0.50/share

     See notes to consolidated financial statements.                           7
<PAGE>

POKER.COM, INC.
(Formerly Thermal Ablation Technologies Corporation)
(A Development Stage Company)
Consolidated Statements of Cash Flows
Three Months Ended March 31, 2000 (Unaudited), Years Ended December 31, 1999 and
1998 and Period From May 3, 1989 (Inception) Through December 31, 1999 (U.S.
Dollars)
================================================================================

<TABLE>
<CAPTION>
                                                                                                               Period From
                                                                                                               May 3, 1989
                                                      Three                                                    (Inception)
                                                  Months Ended                                                   Through
                                                    March 31,             Year Ended December 31,               March 31,
                                                      2000                1999               1998                  2000
-------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>                <C>                  <C>                  <C>
Operating Activities
  Net loss                                        $(139,705)         $(511,587)           $(148,931)           $ (810,223)
  Adjustments to reconcile net loss to
  net cash used by operating activities
    Depreciation and amortization                    13,341              7,925                    0                21,266
    Write-down of investment                              0            140,297                    0               140,297
    Compensation expenses                                 0            125,000                    0               125,000
  Changes in non-cash working capital
    Accounts receivable                             (80,755)           (99,405)                   0              (180,160)
    Advances to related party                             0             17,223              (17,223)                    0
    Prepaid expenses                                 (2,519)            (2,635)                   0                (5,154)
    Long-term receivable                                  0           (150,000)                   0              (150,000)
    Accounts payable and accrued liabilities        208,826            173,177               12,350               394,353
    Due to officers and directors                         0             10,000                    0                10,000
    Advances from (repayments to)
      related parties                               (84,556)            95,927                    0                11,371
-------------------------------------------------------------------------------------------------------------------------
Net Cash Used By Operating Activities               (85,368)          (194,078)            (153,804)             (443,250)
-------------------------------------------------------------------------------------------------------------------------
Investing Activities
  Acquisition of investment                               0            (49,999)             (90,298)             (140,297)
  Purchase of property, equipment
    and intangible assets                           (27,281)          (206,559)                   0              (233,840)
-------------------------------------------------------------------------------------------------------------------------
Net Cash Used By Investing Activities               (27,281)          (256,558)             (90,298)             (374,137
-------------------------------------------------------------------------------------------------------------------------
Financing Activities
  Proceeds from issuance of common stock                  0            100,000              150,000               260,000
  Subscriptions received                            260,000            400,000              100,000               760,000
-------------------------------------------------------------------------------------------------------------------------
Net Cash Provided By Financing Activities           260,000            500,000              250,000             1,020,000
-------------------------------------------------------------------------------------------------------------------------
Effect of Foreign Currency Translation
  on Cash                                                 0            (14,130)                   0               (14,130)
-------------------------------------------------------------------------------------------------------------------------
Increase in Cash                                    147,351             35,234                5,898               188,483
Cash, Beginning of Period                            41,132              5,898                    0                     0
-------------------------------------------------------------------------------------------------------------------------
Cash, End of Period                               $ 188,483          $  41,132            $   5,898            $  188,483
=========================================================================================================================
Supplemental Disclosure of Non-Cash Transactions
  Issue of common stock for settlement of debt    $ 100,000          $       0            $       0            $  100,000
  Issue of common stock for assets                $       0          $ 125,000            $       0            $  125,000
=========================================================================================================================
</TABLE>

     See notes to consolidated financial statements.                           8
<PAGE>

POKER.COM, INC.
(Formerly Thermal Ablation Technologies Corporation)
(A Development Stage Company)
Notes to Consolidated Financial Statements
Three Month Period Ended March 31, 2000 and Year Ended December 31, 1999
U.S. Dollars
(Unaudited)

================================================================================

1.   BASIS OF PRESENTATION

     These unaudited financial statements have been prepared in accordance with
     generally accepted accounting principles in the United States for interim
     financial information. These financial statements are condensed and do not
     include all disclosures required for annual financial statements. The
     organization and business of the Company, accounting policies followed by
     the Company and other information are contained in the notes to the
     Company's audited consolidated financial statements filed as part of the
     Company's December 31, 1999 Form 10-SB.

     In the opinion of the Company's management, these financial statements
     reflect all adjustments necessary to present fairly the Company's
     consolidated financial position at March 31, 2000 and December 31, 1999 and
     the consolidated results of operations and the consolidated statement of
     cash flows for the three months then ended. The results of operations for
     the three months ended March 31, 2000 are not necessarily indicative of the
     results to be expected for the entire fiscal year.

2.   SUBSCRIPTIONS RECEIVED

     Pursuant to a private placement in March 2000, the Company received
     subscriptions for 360,000 units and proceeds of $360,000 were received in
     January and February 2000. Each unit consists of one share of common stock
     and one share purchase warrant. Each warrant is exercisable into one share
     of common stock at an exercise price of $1 per warrant expiring December
     31, 2001. The 360,000 shares subscribed have yet to be issued.

                                                                               9
<PAGE>

ITEM 2:  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATION

May 1, 2000

                            POKER.COM INC (PKER.OB)

Quarterly Report (SEC form 10-QSB)

               MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                      CONDITION AND RESULTS OF OPERATIONS
                 (All figures are in thousands of US dollars)

OVERVIEW

Poker.com Inc is a licensing and marketing company that licenses turnkey
Internet gaming systems and has the exclusive worldwide rights to market the
poker.com domain name. The Company's main sources of revenue are derived from
sub-licensing fees, ongoing royalty fees, an opt-in advertising program, and
banner advertising.

Casino Marketing, SA (a wholly owned subsidiary of Poker.com Inc) sells Casino
and Poker card room sub-licenses and derives its revenue from the sub-licensing
fees and royalty payments. The Company has sold 12 sub-licenses to date of which
4 are currently operational.

Poker.com intends to establish www.poker.com as the ultimate gaming portal on
                               -------------
the Internet.

RESULTS OF CONTINUING OPERATIONS

The following table sets forth for the periods indicated selected information
from Poker.com's consolidated statement of operations:

                                             Three Months Ended March 31,
                                             ----------------------------
                                                         2000
                                                         ----
(IN THOUSANDS)

Net Sales                                                 257
Gross Margin                                              228
Operating Expenses                                        368
Income (loss) from continuing operations                 (140)
Net (loss) Income                                        (140)


Information is shown only for the three months ended March 31, 2000 as the
corporation did not actively carrying on business in the first quarter of 1999.


                                                                              10
<PAGE>

THREE-MONTH PERIOD ENDED MARCH 31, 2000

NET SALES. Net sales for the three months ended March 31, 2000 was $257.
Sub-license revenues was $55, banner advertising revenues was $121 and royalty
fees was $79 for the three months ended March 31, 2000 respectively.

The Company believes that royalty revenue from casinos and the new Poker card
room software will substantially improve the gross revenues for the next
quarter. These are forward-looking statements, particularly as related to the
business plans of the company, within the meaning of Section 27A of the
Securities Act of 1993 and Sections 21E of the Securities Exchange Act of 1934
and are subject to the safe harbor created by these sections. Actual results may
differ materially from the company's expectations and estimates.

GROSS MARGIN. Gross margin was 89% of net sales for the three months ended March
31, 2000. Management believes the margin is consistent with licensing and
marketing of turnkey Internet gaming systems. Poker.com's gross margin may be
affected by several factors including (i) the mix of revenues streams, (ii) the
price of products sold and (iii) other components of cost of sales.

OPERATING EXPENSES. Operating expenses for the three month ended March 31, 2000
was $368. The major expense items were for website marketing to bring traffic to
the Poker.com's portal and to develop the Company's name brand. This was
consistent with Poker's aggressive marketing campaign. The Company intends to
continue their aggressive marketing strategy.

PROVISION FOR INCOME TAXES. No tax provision was made for the three months ended
March 31, 2000. The Company also has available a net operating loss carry
forward of approximately $405 that may be used to offset future United States
federal taxable income.


FINANCIAL CONDITION AND LIQUIDITY

LIQUIDITY AND CAPITAL RESOURCES. At March 31, 2000 the Company had cash and cash
equivalents totaling $188 compared to $41 at December 31, 1999. The increase in
cash is mainly due to a subscription for common shares in the quarter ended
March 31, 2000. Poker.com's principal source of liquidity is $188 in cash
and cash equivalents.

Approximately $275 of the $330 accounts receivable and long term receivable was
due from Antico Holdings for the purchase of a Poker sub-license and Royalty
fees. The amount due from Antico Holdings for their License fee is payable in
equal installments


                                                                              11

<PAGE>

over a period of three years. Antico Holdings has assigned to Poker.com Inc the
15% credit card hold back which will be released from June 2000.

Net cash (used) by operating activities for the quarter ended March 31, 2000 was
($85). The decrease in cash was mainly due to increase in accounts receivable of
$80 to $180 from December 31, 1999. This is due to royalty revenue, banner
advertising and sale of casino license fees being accrued.

Net cash (used) for investing activities for the three months ended March 31,
2000 was ($27). The cash was used for the purchase of additional capital assets
and casino software.


                                                                              12
<PAGE>

PART II--OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 2. Changes in Securities and Use of Proceeds

None.

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.

Exhibit No.                             Description
-----------  ------------------------------------------------------------------
27.1         Financial Data Schedule.

(b)  Reports on Form 8-K.

     None.

                                                                              13
<PAGE>

Signatures

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

                                               Poker.com Inc
                                           ----------------------------
                                               (Registrant)

      Date 20 June 2000                    /s/ M. Jackson
           ------------------------       -----------------------------
                                               (Signature)* Secretary

      Date ________________________       _____________________________
                                               (Signature)*
--------------------------------------------------------------------------------

* Print the name and title of each signing officer under his signatures.

                                  Form 10-QSB

                                                                              14