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

                                  FORM 10-QSB/A

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

    For the quarterly period ended: March 31, 2001

                                       Or

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

    For the transition period from ____________ to _____________

                        Commission File Number: 0-29435


                                FUTURE CARZ, INC.
             (Exact name of registrant as specified in its charter)

               Nevada                                   88-0431029
   (State or other jurisdiction of          (I.R.S. Employer Identification No.)
    incorporation or organization)

8930 East Raintree, Suite 300, Scottsdale, AZ             85260
  (Address of principal executive offices)              (Zip Code)

                                 (480) 444-0080
              (Registrant's telephone number, including area code)

                                       N/A
              (Former name, former address and former fiscal year,
                         if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 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 [ ]

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                  PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate  by check mark  whether  the  registrant  has filed all  documents  and
reports  required  to be filed by  Sections  12,  13 or 15(d) of the  Securities
Exchange Act of 1934 subsequent to the  distribution of securities  under a plan
confirmed by a court. Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date: 9,842,087
<PAGE>
                                FUTURE CARZ, INC.
                          (A DEVELOPMENT STAGE COMPANY)


                                TABLE OF CONTENTS

                                                                       Page
                                                                       ----
PART I - FINANCIAL INFORMATION

   Item 1. Financial Statements (Unaudited)

           Balance Sheet (Unaudited)                                     3

           Statements of Operations (Unaudited)                          4

           Statements of Cash Flows (Unaudited)                          5

           Notes to Financial Statements (Unaudited)                   6-8

   Item 2. Management's Discussion and Plan of Operation                 9

PART II - OTHER INFORMATION

   Item 6. Exhibits                                                     12

SIGNATURES                                                              13

                                        2
<PAGE>
                                FUTURE CARZ, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET
                                 MARCH 31, 2001
                                   (UNAUDITED)

ASSETS

Current assets:
   Cash                                                             $     2,171
   Accounts receivable                                                    3,145
   Note receivable                                                       51,596
   Prepaid expenses                                                      17,065
   Assets held for sale                                                 198,560
                                                                    -----------
       Total current assets                                             272,537
                                                                    -----------

Fixed assets, net                                                        51,015
                                                                    -----------

                                                                    $   323,552
                                                                    ===========
LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
   Accounts payable and accrued expenses                            $    70,998
   Acounts payable - related party                                       24,717
   Deferred management fee                                               22,823
   Accrued interest                                                         500
   Accrued interest - related parties                                     5,660
   Notes payable                                                         50,000
   Notes payable - related parties                                      126,000
                                                                    -----------
       Total current liabilities                                        300,698
                                                                    -----------
Long term liabilities:
Notes payable - related parties                                          20,000
                                                                    -----------
Stockholders' equity:
   Preferred stock, $0.001 par value, 5,000,000 shares
     authorized, no shares issued and outstanding                            --
   Common stock, $0.001 par value, 20,000,000 shares
     authorized, 8,832,087 shares issued and
     outstanding                                                          8,832
   Additional paid-in capital                                         2,239,047
   Deferred compensation                                                (32,333)
   (Deficit) accumulated during the development stage                (2,212,692)
                                                                    -----------
                                                                          2,854
                                                                    -----------

                                                                    $   323,552
                                                                    ===========

The accompanying notes are an integral part of these financial statements.

                                       3
<PAGE>
                                FUTURE CARZ, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                    For the period
                                                                                                     July 13, 1999
                                                              For the three      For the three        (inception)
                                                               months ended       months ended          through
                                                              March 31, 2001     March 31, 2000      March 31, 2001
                                                              --------------     --------------      --------------
<S>                                                            <C>                 <C>                 <C>
Revenue                                                        $     3,145         $        --         $     3,145
                                                               -----------         -----------         -----------
Expenses:
   Non-cash stock compensation                                      16,167                  --              16,167
   Write off of assets acquired by issuance of common stock      1,565,940                  --           1,565,940
   General and administrative                                      234,992               6,303             417,647
   Depreciation and amortization                                     1,981               1,424               4,329
                                                               -----------         -----------         -----------
                                                                 1,819,080               7,727           2,004,083
                                                               -----------         -----------         -----------

Net operating (loss)                                            (1,815,935)             (7,727)         (2,000,938)

Other income (expenses):
   Interest income                                                   1,017                  --               2,290
   Interest expense                                                 (3,396)                 --              (6,236)
   (Loss) on disposal of assets                                     (6,075)                 --              (6,075)
   (Loss) on writedown of assets                                  (182,066)                 --            (201,733)
                                                               -----------         -----------         -----------
                                                                  (190,520)                 --            (211,754)
                                                               -----------         -----------         -----------

Net (loss)                                                     $(2,006,455)        $    (7,727)        $(2,212,692)
                                                               ===========         ===========         ===========
Weighted average number of common shares
 outstanding - basic and fully diluted                           7,612,422           5,328,087           5,524,276
                                                               ===========         ===========         ===========

Net (loss) per share - basic and fully diluted                 $     (0.26)        $     (0.00)        $     (0.40)
                                                               ===========         ===========         ===========
</TABLE>

The accompanying notes are an integral part of these financial statements.

                                       4
<PAGE>
                                FUTURE CARZ, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                         For the period
                                                                                          July 13, 1999
                                                       For the three    For the three      (inception)
                                                       months ended      months ended        through
                                                      March 31, 2001    March 31, 2000    March 31, 2001
                                                      --------------    --------------    --------------
<S>                                                     <C>               <C>               <C>
Net cash (used in) operating activities                 $(191,392)        $  (6,303)        $(359,338)
                                                        ---------         ---------         ---------
Cash flows from investing activities
   Advances on notes receivable                                --                --          (138,000)
   Purchase of fixed assets                               (19,694)               --           (55,011)
   Web development costs                                       --                --           (20,000)
                                                        ---------         ---------         ---------
Net cash (used in) investing activities                   (19,694)               --          (213,011)
                                                        ---------         ---------         ---------
Cash flows from financing activities
   Proceeds from notes payable                             50,000                --            50,000
   Proceeds from notes payable - related parties           86,000             2,000           146,000
   Issuance of common stock                                    --                --           376,520
   Advance from shareholder                                    --                --             2,000
                                                        ---------         ---------         ---------
Net cash provided by financing activities                 136,000             2,000           574,520
                                                        ---------         ---------         ---------

Net increase (decrease) in cash                         $ (75,086)        $  (4,303)        $   2,171
Cash - beginning                                           77,257             5,082                --
                                                        ---------         ---------         ---------
Cash - ending                                           $   2,171         $     779         $   2,171
                                                        =========         =========         =========
</TABLE>

The accompanying notes are an integral part of these financial statements.

                                       5
<PAGE>
                                Future Carz, Inc.
                          (a Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2001
                                   (unaudited)


NOTE 1: BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
for interim financial information and Item 310(b) of Regulation S-B. They do not
include all of the information and footnotes required by accounting principles
generally accepted in the United States of America 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. The results of operations for the periods presented are not
necessarily indicative of the results to be expected for the full year. For
further information, refer to the audited financial statements of the Company as
of December 31, 2000, including notes thereto.

NOTE 2: EARNINGS PER SHARE

The Company calculates net income (loss) per share as required by Statement of
Financial Accounting Standard (SFAS) No. 128, "Earnings per Share." Basic
earnings (loss) per share is calculated by dividing net income (loss) by the
weighted average number of common shares outstanding for the period. Diluted
earnings (loss) per share is calculated by dividing net income (loss) by the
weighted average number of common shares and dilutive common stock equivalents
outstanding. During the periods presented, common stock equivalents were not
considered, as their effect would be anti-dilutive.

NOTE 3: ASSET PURCHASE AGREEMENT

On February 23, 2001, the Company entered into an Asset Purchase Agreement
(Agreement) with Auto Central Discount, Inc. (Auto Central), whereby the Company
acquired automobiles valued at $184,060 from Auto Central in exchange for
2,000,000 shares of its $0.001 par value common stock, 1,000,000 shares of its
$0.001 par value common stock to obtain the services of key employees of Auto
Central, the assumption of three Auto Central operating leases, and a consulting
agreement. Pursuant to the Agreement, the holders of the shares have piggyback
registration rights.

NOTE 4: STOCKHOLDERS' (DEFICIT)

On February 23, 2001 the Company issued 2,000,000 shares of its $0.001 par value
common stock at a price of $0.875 per share, which approximates the fair market
value of the shares, related to the Asset Purchase of Auto Central Discount (See
Note 3).

During the quarter ended March 31, 2001, the Company issued 100,000 shares of
its $0.001 par value common stock to two shareholders at a price of $0.30 per
share, which approximates the fair market value of the shares, in exchange for
services performed.

On February 1, 2001, the Company issued 50,000 shares of its $0.001 par value
common stock at $0.97 per share, which approximates the fair market value of the
shares, to a shareholder in exchange for services to be performed. At March 31,
2001, the Company had deferred stock compensation of $32,333 for the services
that have not been performed.

                                       6
<PAGE>
                                Future Carz, Inc.
                          (a Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2001
                                   (unaudited)


On March 6, 2001, the Company commenced a Regulation D offering pursuant to Rule
506 of the Securities and Exchange Commission Act of 1933, as amended. The
Private Placement Memorandum offers investment units consisting of $10,000 notes
at 15% interest plus 1,000 shares of the Company's $0.001 par value common
stock. On March 16, 2001, the Company issued 30,000 shares of its $0.001 par
value common stock at a price of $0.52 per share and a $30,000 note to two
individuals.

NOTE 5: RELATED PARTY TRANSACTIONS

During the quarter ended March 31, 2001, a stockholder of the Company paid
operating expenses on behalf of the Company aggregating $15,674, which is owed
to the stockholder at March 31, 2001.

During the quarter ended March 31, 2001, an officer of the Company paid
operating expenses on behalf of the Company aggregating $9,043, which is owed to
the officer at Mach 31, 2001.

NOTE 6: NOTES PAYABLE

During the quarter ended March 31, 2001, the Company entered into several notes
with various related parties evidenced with promissory notes valued at $86,000.
The interest rate on these notes varies between 8 and 20%. The notes have
various due dates and terms.

During the quarter ended March 31, 2001, the Company entered into two notes with
an unrelated party for $50,000 with interest at 8% and various due dates and
terms.

NOTE 7: GOING CONCERN

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern which contemplates the recoverability
of assets and the satisfaction of liabilities in the normal course of business.
Since its inception, the Company has been engaged substantially in financing
activities and developing its product line, incurring substantial costs and
expenses. As a result, the Company incurred net losses during the quarter ended
March 31, 2001 and the year ended December 31, 2000 of $2,006,455 and $168,680.
The Company also has a working capital deficit of $28,161 at March 31, 2001. In
addition, the Company's development activities since inception have been
financially sustained by debt and capital contributions from its affiliates and
others.

The Company's management has made plans to alleviate the debt by issuing shares
of common stock. The Company is pursuing new lines of business and increasing
equity through the issuance of stock.

The ability of the Company to continue as a going concern is dependent upon its
ability to raise additional capital from the sale of common stock and,
ultimately, the achievement of significant operating revenues. The accompanying
financial statements do not include any adjustments that might be required
should the Company be unable to recover the value of its assets or satisfy its
liabilities.

                                       7
<PAGE>
                                Future Carz, Inc.
                          (a Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 2001
                                   (unaudited)


NOTE 8: SUBSEQUENT EVENTS

Subsequent to March 31, 2001, the Company entered into several notes with
various individuals and Companies evidenced with promissory notes valued at
$62,696. The interest rate on these notes varies between 8 and 20%. The notes
have various due dates and terms. A number of these notes are to related
parties.

On April 3, 2001, the Company issued 10,000 shares of its $0.001 par value
common stock at a price of $0.22 per share, which approximates the fair market
value of the shares, to three noteholders to comply with the terms of the notes.

On April 12, 2001, the Company issued 1,000,000 shares of its $0.001 par value
common stock at a price of $0.18 per share, which approximates the fair market
value of the shares, to various key employees of Auto Central Discount in
relation to the Asset Purchase Agreement. (See Note 3).

                                       8
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND PLAN OF OPERATION

FORWARD LOOKING STATEMENTS

This Quarterly Report contains forward-looking statements about our business,
financial condition and prospects that reflect our assumptions and beliefs based
on information currently available. We can give no assurance that the
expectations indicated by such forward-looking statements will be realized. If
any of our assumptions should prove incorrect, or if any of the risks and
uncertainties underlying such expectations should materialize, our actual
results may differ materially from those indicated by the forward-looking
statements.

The key factors that are not within our control and that may have a direct
bearing on operating results include, but are not limited to, the acceptance of
our services, our ability to close auto loans, our ability to raise capital in
the future, the retention of key employees and changes in the regulation of our
industry.

There may be other risks and circumstances that we are unable to predict. When
used in this Quarterly Report, words such as, "BELIEVES," "EXPECTS," "INTENDS,"
"PLANS," "ANTICIPATES," "ESTIMATES" and similar expressions are intended to
identify forward-looking statements, although there may be certain
forward-looking statements not accompanied by such expressions. All
forward-looking statements are intended to be covered by the safe harbor created
by Section 21E of the Securities Exchange Act of 1934.

GENERAL

Future Carz, Inc. ("Future Carz" or the "Company"), a Nevada corporation
incorporated on July 13, 1999, is a development stage company in the used
automobile leasing industry with a principal business objective to offer
financial alternatives to qualified individuals who do not meet traditional
financing terms. Through our division formed in February 2001, AutoCarz, Inc.
("AutoCarz"), we have launched a dealer network positioned to service the
sub-prime credit segment of the auto leasing market. AutoCarz applies a proven
formula with rigorous controls to qualify potential borrowers. The result is a
new type of leasing organization capable of building highly profitable
brand-name stores in a largely untapped market within the used automobile
industry.

The AutoCarz system is aimed at providing individuals with an affordable lease
on a quality pre-owned vehicle. While consumers are using the AutoCarz system,
they work towards building back good credit, as the Company reports regularly to
credit bureaus.

RESULTS OF OPERATIONS

In February 2001, we completed the acquisition of certain assets of Auto Central
Discount, Inc. of San Diego, CA. We currently have operations in San Diego,
California; Mesa, Phoenix and Glendale, Arizona; and Las Vegas, Nevada.

Additionally, our web site (www.futurecarz.com) has been remodeled to offer an
array of features aimed at informing and educating interested parties about
Future Carz, our products and services, corporate concept and potential for
success. Key features of the site include an overview of auto leasing, common
terminology, detailed corporate information on the operations of Future Carz and
useful links such as a link to the AutoCarz web site (www.autocarz.net) that
allows potential customers to obtain information on leasing operations, or to
access qualifications for leasing through AutoCarz.

                                       9
<PAGE>
We depend on the growing use and acceptance of the Internet as an effective
medium of commerce by merchants and customers. Decreased levels of e-commerce
transactions and the lack of acceptance of the Internet as a medium of commerce
could have a material adverse effect on our operations.

Revenue for the three months ended March 31, 2001 was $3,145, as compared to the
three month period ended March 31, 2000 in which no revenue was generated. The
impact of the asset acquisition of Auto Central Discount has been accretive to
revenues at a rate of approximately $20,000 per month and provided assets in the
form of automobiles and automobile lease agreements.

Operating expenses for the three months ended March 31, 2001 were $1,819,080, as
compared to the three month period ended March 31, 2000 in which we incurred
$7,727 in operating expenses. $1,565,940 of the operating expenses reflected in
the March 31, 2001 Statement of Operations are almost entirely related to the
asset purchase of Auto Central Discount. Upon completion of the acquisition of
certain assets of Auto Central Discount, Inc. we had 13 full time employees. As
of May 21, 2001 we now have nine full time employees. After the acquisition,
management identified overlapping functions and in an effort to cut costs
reduced the total number of employees by four.

FUTURE BUSINESS

Over the next six to nine months we plan to solidify the overall structure of
the business plan. This will include keeping the key employee's obtained in the
acquisitions as well as marketing our Auto Carz, Inc. brand through various ad
campaign's i.e. news paper, internet, etc. Our goal is to become one of the
leading alternative pre-owned auto-leasing sources in the nation.

For various reasons, there will always be people with credit problems. We
believe that an opportunity exists to capitalize on this built in segment of the
automotive leasing industry. As we attempt to capture the market for leased used
vehicles in a target price range of $5,000 to $8,000, we face the uncertainty of
the availability of these vehicles. Our focus will be on developing and
maintaining a consistent inventory of used vehicles both in terms of cost and
quality.

LIQUIDITY AND CAPITAL RESOURCES

NET LOSS. Due to the significant administrative expense related to the asset
purchase of Auto Central Discount, we experienced a net loss of $2,006,455 in
the quarter ended March 31, 2001, as compared to a net loss of $7,727 in the
three month period ended March 31, 2000. Our business is very capital intensive.
Our return on investment is greater than in most other industries; however, we
do need to close a larger number of leases before we become profitable.

We estimate our capital requirements to total approximately $68,000 per month
for the next 12 to 24 months. We are currently in the process of conducting a
Rule 506 $1,000,000 Private Placement Offering to raise additional cash. It is
expected that the proceeds from this offering, in addition to the roughly
$20,000 in revenue being generated on a monthly basis, will be sufficient to
continue existing operations over this period. In addition, the Company
anticipates that short term operational loans will be available from
shareholders.

GOING CONCERN. Since its inception, the Company has been engaged substantially
in financing activities and developing its product line, incurring substantial
costs and expenses. As a result, the Company incurred net losses during the
quarter ended March 31, 2001 and the year ended December 31, 2000 of $2,006,455
and $168,680. The Company also has a working capital deficit of $28,161 at March
31, 2001. In addition, the Company's development activities since inception have
been financially sustained by debt and capital contributions from its affiliates
and others.

                                       10
<PAGE>
The Company's management has made plans to alleviate the debt by issuing shares
of common stock. The Company is pursuing new lines of business and increasing
equity through the issuance of stock.

The ability of the Company to continue as a going concern is dependent upon its
ability to raise additional capital from the sale of common stock and,
ultimately, the achievement of significant operating revenues. The accompanying
financial statements do not include any adjustments that might be required
should the Company be unable to recover the value of its assets or satisfy its
liabilities.

                                       11
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 6. EXHIBITS

EXHIBIT NUMBER                     NAME AND/OR IDENTIFICATION OF EXHIBIT
--------------                     -------------------------------------

      3             Articles of Incorporation & By-Laws

                    (a)  Articles of Incorporation of the Company filed July 13,
                         1999.  Incorporated by reference to the exhibits to the
                         Company's  General Form For  Registration Of Securities
                         Of Small  Business  Issuers on Form  10-SB,  previously
                         filed with the Commission.

                    (b)  By-Laws  of  the  Company   adopted   July  16,   1999.
                         Incorporated  by  reference  to  the  exhibits  to  the
                         Company's  General Form For  Registration Of Securities
                         Of Small  Business  Issuers on Form  10-SB,  previously
                         filed with the Commission.

Reports on Form 8-K

Incorporated by reference Form 8-K filed on March 12, 2001 for acquisition of
assets.

Incorporated by reference Form 8-K filed on March 14, 2001 for change in
accountants.

                                       12
<PAGE>
                                   SIGNATURES

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


                                FUTURE CARZ, INC.
                                  (REGISTRANT)

Date: June __, 2002



By: /s/ Edward Heisler
    ------------------------------------------------------------
    Edward Heisler, President, Secretary, Treasurer and Director



                                       13