<Page>

                       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 THE QUARTERLY PERIOD ENDED MARCH 31, 2001
                                       or
                 TRANSITION REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                           Commission file No. 0-29501


                                     [LOGO]


                             COM-GUARD.COM, INC.
            (Exact name of registrant as specified in its charter)


                 NEVADA                                33-0879853
    (State or other jurisdiction of               (IRS Employer ID No.)
     incorporation or organization)

                          2075 CORTE DEL NOGAL, SUITE B
                          CARLSBAD, CALIFORNIA 92009
                   (Address of principal executive offices)

      Registrant's Telephone Number, Including Area Code: (760) 431-2206

Check 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 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

The number of shares outstanding of the registrant's common stock as of August
26, 2001 was 10,322,000.

<Page>

<Table>
<Caption>
                                                                                                     PAGE
<S>                                                                                                  <C>
PART I - FINANCIAL INFORMATION
         ITEM 1.  FINANCIAL STATEMENTS

         Balance Sheets
              March 31, 2001 (unaudited) and June 30, 2000 (audited)                                   2

         Statements of Operations
              Three months ended March 31, 2001 and 2000 (unaudited)                                   3

         Statements of Operations
              Nine months ended March 31, 2001 and 2000 (unaudited)                                    4

         Statements of Cash Flows
              Nine months ended March 31, 2001 and 2000 (unaudited)                                    5

         Notes to Financial Statements.                                                                6

         ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                         CONDITION AND RESULTS OF OPERATIONS                                           7

         ITEM 3.  QUANTITATIVE DISCLOSURES ABOUT MARKET RISK                                          10

PART II - OTHER INFORMATION
         ITEM 1.  LEGAL PROCEEDINGS                                                                   10
         ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS                                           10
         ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                                     10
         ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                 10
         ITEM 5.  OTHER INFORMATION                                                                   10
         ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                                                    10


SIGNATURES                                                                                            12
</Table>

<Page>



                                                COM-GUARD.COM, INC.
                                           (A Development Stage Entity)
                                                   BALANCE SHEETS

<Table>
<Caption>
                                                      ASSETS
                                                                                 6/30/00          3/31/01
                                                                               (AUDITED)      (UNAUDITED)
<S>                                                                            <C>            <C>
        Current assets
             Cash                                                           $      7,834    $       9,858
             Inventories                                                         483,414          244,101
                                                                            ------------    -------------
                  Total current assets                                           491,248          253,959
                                                                            ------------    -------------


        Fixed assets
             Furniture and equipment                                              34,612           44,542
             Software                                                                             150,000
             Accumulated depreciation                                            (10,179)         (19,176)
                                                                            ------------    -------------
                  Fixed Assets, net                                               24,433          175,366
                                                                            ------------    -------------

                                                                            $    515,681    $     429,325
                                                                            ============    =============

                                      LIABILITIES AND SHAREHOLDERS' EQUITY
        Current liabilities
             Accounts payable and accrued liabilities                       $    659,091    $   1,050,880
             Notes payable                                                             -          190,000
                                                                            ------------    -------------
                  Total current liabilities                                      659,091        1,240,880
                                                                            ------------    -------------


        Stockholders' equity
             Common stock, $0.001 par value, 100,000,000 shares
                authorized; 9,881,000 and 10,292,000 shares issued
                and outstanding at June 30, 2000 and March 31, 2001                9,881           10,292
             Additional paid-in capital                                        1,885,419        2,296,008
             Stockholder loans and advances                                     (223,078)        (200,278)
             Accumulated deficit during development                           (1,815,632)      (2,917,577)
                                                                            ------------    -------------
                  Total shareholders' equity                                    (143,410)        (811,555)
                                                                            ------------    -------------
                                                                            $    515,681    $     429,325
                                                                            ============    =============

</Table>

                       SEE NOTES TO FINANCIAL STATEMENTS.

                                       2

<Page>

                               COM-GUARD.COM, INC.
                          (A Development Stage Entity)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<Table>
<Caption>
                                                           THREE MONTHS ENDED
                                                                MARCH 31
                                                         2000            2001
                                                         ----            ----

<S>                                               <C>              <C>
Revenues
   Interest                                       $     1,531      $        2
                                                  -----------     -----------

Costs and expenses
   Research and development                            31,050          35,629
   General, and administrative                        259,536         371,788
                                                  -----------     -----------
                                                      290,586         407,417
                                                  -----------     -----------
Net loss                                          $  (289,055)    $  (407,415)
                                                  ===========     ===========

Net loss per share available to common
   Shareholders
     Basic and Diluted                            $     (0.03)    $     (0.04)
                                                  ===========     ===========

Weighted average common shares                      9,559,333      10,267,275
</Table>

                       SEE NOTES TO FINANCIAL STATEMENTS.

                                       3

<Page>

                               COM-GUARD.COM, INC.
                          (A Development Stage Entity)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<Table>
<Caption>
                                                          NINE MONTHS ENDED        FROM INCEPTION
                                                               MARCH 31               THROUGH
                                                                                      MARCH 31
                                                         2000            2001           2001
                                                         ----            ----           ----

<S>                                               <C>             <C>                 <C>
Revenues
   Interest                                       $     3,381     $        82         $      7,106
                                                  -----------     -----------         ------------
Costs and expenses
   Research and development                            69,323         109,304              691,732
   General, and administrative                        479,018        992,723             2,232,951
                                                  -----------     -----------         ------------
                                                      548,341       1,102,027            2,924,683
                                                  -----------     -----------         ------------

Net loss                                          $  (544,960)    $(1,101,945)        $ (2,917,577)
                                                  ===========     ===========         ============

Net loss per share available to common
   Shareholders
     Basic and Diluted                            $     (0.06)    $     (0.11)        $      (0.33)
                                                  ===========     ===========         ============

Weighted average common shares                      9,304,073      10,032,336            8,973,942
</Table>

                       SEE NOTES TO FINANCIAL STATEMENTS.

                                       4

<Page>

                               COM-GUARD.COM, INC.
                          (A Development Stage Entity)
                            STATEMENTS OF CASH FLOWS
                    NINE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (UNAUDITED)

<Table>
<Caption>
                                                                                              FROM INCEPTION
                                                                  NINE MONTHS ENDED               THROUGH
                                                                       MARCH 31,                 MARCH 31,
                                                                2000              2001             2001
                                                                ----              ----             ----
<S>                                                          <C>               <C>             <C>
Cash flows from operating activities
   Net loss                                                  $ (544,960)       $(1,101,945)    $(2,917,577)
                                                             ----------        -----------     -----------

Adjustments to reconcile net loss to net cash
   from operating activities
       Depreciation                                               5,800              8,997          19,176
     Provision to write down inventory                          148,126            239,313         394,068
     Stock issued for services                                   26,500            111,000         236,300
     Stock issued for research and development                                                     360,000
     Services provided as contributed capital                    30,000                             60,000
     Changes in operating assets and liabilities
       Vendor advance                                            50,000                                  -
       Inventory                                               (631,540)                          (638,169)
       Prepaid expenses                                           2,500                                  -
       Accounts payable and accrued liabilities                  93,773            391,789       1,060,880
                                                             ----------        -----------     -----------
         Net cash from operating activities                    (819,801)          (350,846)     (1,425,322)
                                                             ----------        -----------     -----------

Cash flows from investing activities
   Capital expenditures                                         (12,293)            (9,930)        (44,542)
                                                             ----------        -----------     -----------

Cash flows from financing activities
   Issuance of notes payable                                    200,000            190,000         390,000
   Proceeds from issuance of stock                              600,000            150,000       1,290,000
   Stockholder loans and advances                              (115,089)            22,800        (200,278)
                                                             ----------        -----------     -----------
        Net cash from financing activities                      684,911            362,800       1,479,722
                                                             ----------        -----------     -----------

Net increase (decrease) in cash and cash equivalents           (147,183)             2,024           9,858

Cash, beginning of period                                       221,285              7,834
                                                             ----------        -----------     -----------
Cash, end of period                                          $   74,102        $     9,858     $     9,858
                                                             ==========        ===========     ===========

Supplemental disclosure of cash flow information
     Interest paid                                                    -                -                 -
     Taxes paid                                                       -                -                 -
</Table>

                       SEE NOTES TO FINANCIAL STATEMENTS.

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES:

During the second quarter the company acquired $150,000 of software by issuing
150,000 shares of its common stock.

                                       5

<Page>

COM-GUARD.COM, INC.
                          (A Development Stage Entity)
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1.  BASIS OF PRESENTATION

The accompanying unaudited consolidated condensed financial statements of
Com-Guard.com, Inc. (the "Company") have been prepared pursuant to the rules of
the Securities and Exchange Commission (the "SEC") for quarterly reports on Form
10-QSB and do not include all of the information and note disclosures required
by generally accepted accounting principles. These financial statements and
notes herein are unaudited, but in the opinion of management, include all the
adjustments (consisting only of normal recurring adjustments) necessary for a
fair presentation of the Company's financial position, results of operations,
and cash flows for the periods presented. These financial statements should be
read in conjunction with the Company's audited financial statements and notes
thereto for the year ended June 30, 2001. Interim operating results are not
necessarily indicative of operating results for any future interim period or for
the full year.

The Company was formed and incorporated in the state of Nevada on October 7,
1998 as e-WORLD SECURITY, INC. On April 16, 1999 the Company changed its name to
COM-GUARD.COM, INC. Planned principal operations of the Company have not yet
commenced; activities to date have been limited to forming the Company,
assembling a management and consultant team, identifying markets, developing
products, and obtaining initial capitalization. The Company intends to sell
products that afford security protection to computer hardware and software in
microcomputers.

NOTE 2: NET LOSS PER COMMON SHARE

Basic loss per common share ("Basic EPS") excludes dilution and is computed by
dividing net loss available to common shareholders (the "numerator") by the
weighted average number of common shares outstanding (the "denominator") during
the period. Diluted loss per common share ("Diluted EPS") is similar to the
computation of Basic EPS except that the denominator is increased to include the
number of additional common shares that would have been outstanding if the
dilutive potential common shares had been issued. In addition, in computing the
dilutive effect of convertible securities, the numerator is adjusted to add back
the after-tax amount of interest recognized in the period associated with any
convertible debt. The computation of Diluted EPS does not assume exercise or
conversion of securities that would have an anti-dilutive effect on net loss per
share. In 2001, all potential common shares are anti-dilutive; therefore, Basic
EPS equals Diluted EPS.

NOTE 3: INVENTORIES

Inventories consist of work in process stated at the lower of cost (first-in,
first-out) or market. During the quarter ended March 31, 2001, the Company
wrote-down inventories based on management's planned marketing and distribution
strategies and the expected pricing of the related products.

NOTE 4: NOTES PAYABLE

During the fiscal quarter ended March 31, 2001, the Company issued two
convertible notes for $50,000 and $20,000. The notes bear 7% interest and mature
one year from the date of issuance. The principal and unpaid interest is due at
maturity. The note holders have the option to convert the all unpaid principal
and interest to common stock at $1.00 per share, at any time until the due date,
at which time the right to convert expires.

NOTE 5: SHAREHOLDERS' EQUITY

During the fiscal quarter ended March 31, 2001, the Company issued 75,000 shares
of common stock for services at a price of $1 per share.

NOTE 6: COMMITMENTS AND CONTINGENCIES

The Company has minimal capital resources presently available to meet
obligations that normally can be expected to be incurred by similar companies,
and with which to carry out its planned activities. These factors impact the
Company's ability to operate. Management is seeking additional equity financing
to fund planned operations; management believes actions currently being taken
provide the opportunity for the Company to operate. However, there is no
assurance that the Company will be able to obtain such financing. The
accompanying financial statements do not include any adjustments that might
result from the outcome of this uncertainty.

                                       6

<Page>

NOTE  7: GOING CONCERN

As reflected in the accompanying financial statements, the Company has had
continuing losses since inception of $2,917,577 and at March 31 2001, has a
working capital deficiency of $986,921, a stockholders' deficiency of $811,555
and a net loss of $1,101,945. The ability of the Company to continue as a going
concern is dependent on the Company's ability to raise additional capital and
implement its business plan. The financial statements do not include any
adjustments that might be necessary if the Company is unable to continue as a
going concern.

The Company anticipates an increase in revenues during fiscal 2002 and intends
to continue raising additional capital. Management believes that actions
presently taken to improve its future operations and obtain additional funding
provide the opportunity for the Company to continue as a going concern.




ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
        AND RESULTS OF OPERATIONS

      The following discussion and analysis should be read in conjunction with
the consolidated financial statements and notes thereto appearing elsewhere in
this Quarterly Report on Form 10-QSB. The discussion of the Company's business
contained in this Quarterly Report on Form 10-QSB may contain certain
projections, estimates and other forward-looking statements that involve a
number of risks and uncertainties, including those discussed below at "Risks and
Uncertainties." While this outlook represents management's current judgment on
the future direction of the business, such risks and uncertainties could cause
actual results to differ materially from any future performance suggested below.
The Company undertakes no obligation to release publicly the results of any
revisions to these forward-looking statements to reflect events or circumstances
arising after the date hereof.

OVERVIEW

      The Company was incorporated as e-World  Security,  Inc. in the State of
Nevada on October 7, 1998.  The Company's  name was changed to  Com-Guard.com,
Inc. and filed on April 16, 1999.

      The Company has limited operating history and is in the development stage.
It's principal business is the exploitation of niche products for the
microcomputer industry that provide enhanced system security for both individual
users and network administrators. The Company's initial product, Com-Guard(TM),
includes unique software and hardware that will enable users to protect and
limit access to data; and to provide a security system against tampering and
unauthorized use of computers.

      The Com-Guard(TM) system monitors a computer or network and detects,
through proprietary software and hardware, unauthorized attempts to use, tamper
with, or remove data or equipment. The system is designed to generate an alarm,
which can be sent to any receiving device, including pagers, telephones, and
other computers.

      The market for Com-Guard(TM) consists of individual users and industry.
The popularity of the internet has created a need for both data security and
access limitations. Limiting access to sensitive and/or confidential files has
grown to be a need for all users of microcomputers.

      Home automation, including systems to provide "internal" security to
certain areas of a home or office, represents an additional market for
Com-Guard(TM). The system, installed in a PC, has the ability to function as an
internal home security system, controlling a series of sensors to protect
against theft and intrusion, and child safety.

      The Company's business continues to be the development phase. Accordingly,
quarter-to-quarter financial comparisons may be of limited usefulness now and
for the next several quarters as the Company prepares to launch and market its
first products.

                                       7

<Page>

      The Company's current strategy is to develop, commercialize and distribute
its products. To successfully execute its strategy, the Company will need to
improve its working capital position. The Company needs to raise additional
funds to fully develop its business. There can be no assurance, however, that
the Company will be able to complete any additional debt or equity financing on
favorable terms or at all, or that any such financings, if completed, will be
adequate to meet the Company's capital requirements. Any additional equity or
convertible debt financings could result in substantial dilution to the
Company's stockholders. If adequate funds are not available, the Company will be
required to delay, reduce or eliminate some or all of its planned activities.
The Company's inability to fund its capital requirements would have a material
adverse effect on the Company. Also See "Risks and Uncertainties" included in
this discussion.



RESULTS OF OPERATIONS

NET REVENUES

      Revenues were $2 and $1,531 for the three month period ended March 31,
2001 and 2000, respectively. Revenues were $82 and $3,381 for the nine month
period ended March 31, 2001 and 2000, respectively. All revenues were from
interest earned from bank deposits. The decreases from 2001 to 2000 were due to
corresponding decreases in average cash balances.

RESEARCH AND DEVELOPMENT EXPENSES

      For the three month period ended March 31, 2001 and 2000, research and
development expenses were $35,629 and $31,050 respectively. For the nine month
period ended March 31, 2001 and 2000, research and development expenses were
$109,304 and $69,323, respectively. These increases were due to expenditures to
develop the Company's core technology.

PROVISION TO WRITE DOWN INVENTORIES

      During the quarter ended March 31, 2001, the Company wrote-down
inventories based on management's planned marketing and distribution strategies
and the expected pricing of the related products.

GENERAL AND ADMINISTRATIVE EXPENSES

      General and administrative expenses were $371,788 and $259,536 for the
three month period ended March 31, 2001 and 2000, respectively, an increase of
$112,252 or 143%. For the nine month period ended March 31, 2001 general and
administrative expenses were $992,723 compared to $479,018 for the nine months
ended March 31, 2000, an increase of $513,705 or 207%. The increases were due to
several factors related to building the business, including increases in
expenses related to facilities and staff. More specifically, general and
administrative expenses included salaries and related costs for general
corporate functions, including finance, accounting, facilities, legal,
advertising, marketing related expenses, and fees for professional services.

LIQUIDITY AND CAPITAL RESOURCES

      The Company is in the development stage and has financed its operations
primarily through cash generated from the sale of its stock.

      As of March 31, 2001, the Company had working capital of ($986,921) as
compared to working capital of ($167,843) at June 30, 2000. The $819,078
decrease in working capital is due primarily to accumulated operating losses
totaling $ 2,917,577 during development of its business.

      The Company's auditors have expressed their uncertainty as to the
Company's ability to continue as a going concern. They cite the minimal capital
resources available to meet existing and anticipated obligations. In order to
address this uncertainty, the Company has taken steps to raise additional funds
to finance its operations.

      In December 2001, the Company issued a purchase order for PCI circuit
boards. The purchase order is for 6,000 units at a cost of $100 each.

                                       8

<Page>

RISKS AND UNCERTAINTIES

LACK OF OPERATIONS AND PROFITABILITY.
The Company is in the development-stage and commenced pre-operating
activities approximately one year ago. It has no history of operations or
profits in the industries in which it participates.

UNCERTAINTY OF COMMERCIAL SUCCESS.
Although the Company is optimistic about its revenue and profitability
prospects, there can be no assurance of commercial success of its Com-Guard
product. Furthermore, the computer industry is characterized by rapid change and
growth. There can be no assurance that the Company will be able to keep up with
the pace of technological change or fund its growth.

COMPETITION.
The Company is subject to competition from other companies that may try to
emulate or compete with similar products or services. These competitors have
been in the business longer than the Company and may have large executive and
operating staffs. There can be no assurance that the Company's prospects will
not be adversely affected by competition from these companies.

NEED FOR ADDITIONAL FINANCING.
The Company will require additional financing in order to establish
profitable, ongoing operations; there is no assurance that such financing
will be available or, if available, that it can be obtained on terms
favorable to the Company.

DEPENDENCE ON MANAGEMENT.
The Company is largely dependent upon the efforts and abilities of Dr. Edward
W. Savarese and there can be no assurance that the Company can be successful
in operating the Company should the services of Dr. Savarese be unavailable.
Dr. Savarese has had extensive experience in marketing, sales and financing.
He has managed for Hewlett-Packard and has extensive contacts in the computer
industry.

DIVIDENDS.
The Company has never paid a cash dividend on its common stock. The Company
is not obligated to pay a dividend on its common stock and does not
anticipate payment of any dividends for the foreseeable future. The Company
anticipates retaining its earnings to finance its operations, growth, and
expansion.

NO ASSRANCE OF PUBLIC MARKET; POTENTIAL VOLATILITY OF STOCK PRICE.
There currently is no public trading market for the Company's common stock.
There can be no assurance that an active public trading market can be
established or sustained. Furthermore, if a public market for the common
stock is established, the shares could be subject to significant fluctuations
in response to operating results and other factors, many of which are not
within the control of the Company.

DEPENDENCE ON PROPRIETARY TECHNOLOGY; RISKS OF THIRD PARTY INFRINGEMENT
CLAIMS.
Although the Company has received patent protection, there can be no
assurance that the Company's measures to protect its current proprietary
rights will be adequate to prevent misappropriation of such rights or that
the Company's competitors will not independently develop or patent
technologies that are substantially equivalent to or superior to the
Company's technologies. Additionally, although the Company believes that its
products and technologies do not infringe upon the proprietary rights of any
third parties, there can be no assurance that third parties will not assert
infringement claims against products and technologies that the Company
licenses, or has the rights to use, from third parties. Any such claims, if
proved, could materially and adversely affect the Company's business and
results of operations. In addition, though any such claims may ultimately
prove to be without merit, the necessary management attention to, and legal
costs associated with litigation or other resolution of such claims could
materially and adversely affect the Company's business and results of
operations.

                                       9

<Page>

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

None.


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:

      (3)   Articles of incorporation and bylaws of Com-Guard.com, Inc.,
            incorporated by reference to Form 10-SB filed June 7, 2000.

(b) Reports on Form 8-K:

None.

                                       10