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SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

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FORM 10-QSB

QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For The Quarterly Period Ended September 30, 2001

or

TRANSITION REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file No. 0-29501

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Com-Guard.com, Inc.(Exact name of registrant as specified in its charter)

NEVADA(State or other jurisdiction of incorporation or organization)

33-0879853(IRS Employer ID No.)


2075 Corte del Nogal, Suite B
Carlsbad, California 92009(Address of principal executive offices)

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

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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 November 16, 2001, was 10,322,000.

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|                             |  |                                |                                                                                       |   | PAGE
|---------------------------- |  | ------------------------------ | ------------------------------------------------------------------------------------- | - | ----
|PART IFINANCIAL INFORMATION |  |                               
|                             |  | ITEM 1.                        | FINANCIAL STATEMENTS                                                                  |   |     
|                             |  | Balance Sheets                 |                                                                                       |  
|                             |  |                                | September 30, 2001 (unaudited) and June 30, 2001 (audited)                            |   | 2   
|                             |  | Statements of Operations       |                                                                                       |  
|                             |  |                                | Three months ended September 30, 2001 and 2000 (unaudited)                            |   | 3   
|                             |  | Statements of Cash Flows       |                                                                                       |  
|                             |  |                                | Three months ended September, 2001 and 2000 (unaudited)                               |   | 4   
|                             |  | Notes to Financial Statements. |                                                                                       | 5
|                             |  | 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                                                                     |   | 11  
|                             |  | ITEM 2.                        | CHANGES IN SECURITIES AND USE OF PROCEEDS                                             |   | 11  
|                             |  | ITEM 3.                        | DEFAULTS UPON SENIOR SECURITIES                                                       |   | 11  
|                             |  | ITEM 4.                        | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                   |   | 11  
|                             |  | ITEM 5.                        | OTHER INFORMATION                                                                     |   | 11  
|                             |  | ITEM 6.                        | EXHIBITS AND REPORTS ON FORM 8-K                                                      |   | 11  
|SIGNATURES                   |  | 12                            

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

|                                     |                                                                                                                                                           | 6/30/01                    |           | 9/30/01    |          
|------------------------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------- | --------- | ---------- | ---------
|
|ASSETS                               |                                                                                                                                                           |                            |           |            |          
|Current assets                       |                                                                                                                                                           |                            |           |            |          
|                                     | Cash                                                                                                                                                      |                            | $         | 1,990      |          
|                                     | Inventories                                                                                                                                               |                            |           | 764,330    |          
|                                     | Other                                                                                                                                                     |                            |           |           |          
|                                     |                                                                                                                                                           |                            |           |            |          
|                                     |                                                                                                                                                           | Total current assets       |           |            | 766,320  
|                                     |                                                                                                                                                           |                            |           |            |          
|                                     | Property and equipment, net                                                                                                                               |                            |           | 21,362     |          
|                                     | Intangible asset                                                                                                                                          |                            |           | 150,000    |          
|                                     | Total assets                                                                                                                                              |                            | $         | 937,682    |          
|                                     |                                                                                                                                                           |                            |           |            |          
|LIABILITIES AND SHAREHOLDERS' EQUITY |                                                                                                                                                           |                            |           |            |          
|Current liabilities                  |                                                                                                                                                           |                            |           |            |          
|                                     | Loan payable  Bank                                                                                                                                       |                            | $         | 24,000     |          
|                                     | Accounts payable                                                                                                                                          |                            |           | 693,007    |          
|                                     | Accrued liabilities                                                                                                                                       |                            |           | 1,130,300  |          
|                                     |                                                                                                                                                           |                            |           |            |          
|                                     |                                                                                                                                                           | Total current liabilities  |           |            | 1,847,307
|                                     |                                                                                                                                                           |                            |           |            |          
|Long term liabilities                |                                                                                                                                                           |                            |           |            |          
|                                     | Notes payable and accrued interest                                                                                                                        |                            |           | 39,872     |          
|                                     |                                                                                                                                                           |                            |           |            |          
|Total liabilities                    |                                                                                                                                                           |                            | 1,887,179 |            |          
|Stockholders' equity                 |                                                                                                                                                           |                            |           |            |          
|                                     | Common stock, $0.001 par value, 100,000,000 shares authorized; 10,322,000 and 10,322,000 shares issued and outstanding at June 30, and September 30, 2001 |                            |           | 10,322     |          
|                                     | Additional paid-in capital                                                                                                                                |                            |           | 2,325,978  |          
|                                     | Accumulated deficit during development                                                                                                                    |                            |           | (3,285,797 | )        
|                                     |                                                                                                                                                           |                            |           |            |          
|                                     |                                                                                                                                                           | Total shareholders' equity |           |            | (949,497 
|                                     |                                                                                                                                                           |                            |           |            |          
|                                     |                                                                                                                                                           | $                          | 937,682   |            | $        
|                                     |                                                                                                                                                           |                            |           |            |          

See notes to financial statements.

2

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

|                                                    |                                   | Three Months Ended
September 30, |           | From Inception
Through
September 30, |  
|--------------------------------------------------- | --------------------------------- | -------------------------------- | --------- | ------------------------------------ | -
|
|Revenues                                            |                                   |                                  |           |                                      |  
|                                                    | Product sales                     |                                  | $         |                                     |  
|                                                    |                                   |                                  |           |                                      |  
|Costs and expenses                                  |                                   |                                  |           |                                      |  
|                                                    | Research and development          |                                  |           | 41,200                               |  
|                                                    | Provision to write down inventory |                                  |           | 79,771                               |  
|                                                    | Consulting fees                   |                                  |           | 125,900                              |  
|                                                    | Other general, and administrative |                                  |           | 76,464                               |  
|                                                    |                                   |                                  |           |                                      |  
|Total operating expenses                            |                                   |                                  | 323,335   |                                      |  
|                                                    |                                   |                                  |           |                                      |  
|Loss from operations                                |                                   | $                                | (323,335  | )                                    | $
|                                                    |                                   |                                  |           |                                      |  
|Interest, net                                       |                                   |                                  | 75        |                                      |  
|                                                    |                                   |                                  |           |                                      |  
|Provision for income taxes                          |                                   |                                  |          |                                      |  
|                                                    |                                   |                                  |           |                                      |  
|Net loss                                            |                                   | $                                | (323,260  | )                                    | $
|                                                    |                                   |                                  |           |                                      |  
|Net loss per share available to common shareholders |                                   |                                  |           |                                      |  
|                                                    | Basic and Diluted                 |                                  | $         | (0.03                                | )
|                                                    |                                   |                                  |           |                                      |  
|Weighted average common shares                      |                                   |                                  | 9,881,000 |                                      |  

See notes to financial statements.

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COM-GUARD.COM, INC.        (A Development Stage Entity)        STATEMENTS OF CASH FLOWS        THREE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000    
   (unaudited)

|                                                                        |                                         | Three months ended
September 30,            |                     | From Inception
Through
September 30, |       
|----------------------------------------------------------------------- | --------------------------------------- | ------------------------------------------- | ------------------- | ------------------------------------ | ------
|
|Cash flows from operating activities                                    |                                         |                                             |                     |                                      |       
|                                                                        | Net loss                                |                                             | $                   | (323,260                             | )     
|Adjustments to reconcile net loss to net cash from operating activities |                                         |                                             |                     |                                      |       
|                                                                        |                                         | Depreciation                                |                     |                                      | 2,999 
|                                                                        |                                         | Provision to write down inventory           |                     |                                      | 79,771
|                                                                        |                                         | Stock issued for services                   |                     |                                      |       
|                                                                        |                                         | Stock issued for research and development   |                     |                                      |       
|                                                                        |                                         | Services provided as contributed capital    |                     |                                      |      
|                                                                        |                                         | Changes in operating assets and liabilities |                     |                                      |       
|                                                                        |                                         |                                             | Vendor advance      |                                      |       
|                                                                        |                                         |                                             | Inventory           |                                      |       
|                                                                        |                                         |                                             | Accrued liabilities |                                      |       
|                                                                        |                                         |                                             | Accounts payable    |                                      |       
|                                                                        |                                         |                                             |                     |                                      |       
|                                                                        |                                         |                                             |                     | Net cash from operating activities   |       
|                                                                        |                                         |                                             |                     |                                      |       
|Cash flows from investing activities                                    |                                         |                                             |                     |                                      |       
|                                                                        | Capital expenditures                    |                                             |                     | (4,601                               | )     
|                                                                        |                                         |                                             |                     |                                      |       
|Cash flows from financing activities                                    |                                         |                                             |                     |                                      |       
|                                                                        | Proceeds from loan payablebank         |                                             |                     |                                      |       
|                                                                        | Proceeds from issuance of notes payable |                                             |                     | 50,000                               |       
|                                                                        | Proceeds from issuance of stock         |                                             |                     |                                      |       
|                                                                        | Stockholder loans and advances          |                                             |                     | 45,998                               |       
|                                                                        |                                         |                                             |                     |                                      |       
|                                                                        |                                         |                                             |                     | Net cash from financing activities   |       
|                                                                        |                                         |                                             |                     |                                      |       
|Net increase (decrease) in cash and cash equivalents                    |                                         |                                             | (5,942              | )                                    |       
|Cash, beginning of period                                               |                                         |                                             | 7,834               |                                      |       
|                                                                        |                                         |                                             |                     |                                      |       
|Cash, end of period                                                     |                                         | $                                           | 1,892               |                                      | $     
|Supplemental disclosure of cash flow information                        |                                         |                                             |                     |                                      |       
|                                                                        | Interest paid                           |                                             |                     |                                     |       
|                                                                        | Taxes paid                              |                                             |                     |                                     |       

See notes to financial statements.

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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 INVENTORIES

Inventories consist of work in process stated at the lower of cost (first-in, first-out) or market. During the quarter ended
September 30, 2001, the Company wrote-down inventories based on management's planned marketing and distribution strategies and the expected pricing of the related products.

NOTE 3 NOTES PAYABLE

During the fiscal quarter ended September 30, 2001, the Company issued convertible notes totaling $75,000. 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 all the 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 4 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.

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NOTE 5 GOING CONCERN

As reflected in the accompanying financial statements, the Company has had continuing losses since inception of $3,779,222 and at September 30, 2001,
has a working capital deficiency of $1,495,493, a stockholders' deficiency of $1,442,922 and a net loss of $493,425. 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.

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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, 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 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 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. 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 in 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, however there can be no assurance that these products will be accepted by the marketplace when released.

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.

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RESULTS OF OPERATIONS

NET REVENUES

Revenues were $9,712 and $0 for the three month period ended September 30, 2001 and 2000, respectively. Sales for the three months ended
September 30, 2001 were from product sales.

RESEARCH AND DEVELOPMENT EXPENSES

For the three month period ended September 30, 2001 and 2000, research and development expenses were $38,400 and $41,200, respectively. The Company
continues to develop new improvements to its products.

PROVISION TO WRITE DOWN INVENTORIES

During the quarter ended September 30, 2001, the Company wrote-down inventories based on management's planned marketing and distribution
strategies and the expected pricing of the related products.

CONSULTING FEES

Consulting fees for the three month period ended September 30, 2001 and 2000 were 206,516 and 125,900 and increase of 80,616 or 64.0%. This increase was
due to increased consultants and fees during the current period.

OTHER GENERAL AND ADMINISTRATIVE EXPENSES

Other general and administrative expenses were $102,790 and $76,464 for the three month period ended September 30, 2001 and 2000, respectively, an
increase of $26,326 or 34.4%. The increase was due to several factors related to building the business. More specifically, general and administrative expenses included related costs for general
corporate functions, including, facilities, legal, advertising, marketing related expenses, and other fees.

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 September 30, 2001, the Company had a working capital deficit of ($1,495,493) as compared to working capital of ($1,080,987) at June 30, 2001. The decrease of
$414,506 in working capital is due
primarily to increased liabilities for inventory and accrued consulting fees. The Company has accumulated operating losses totaling $3,779,222 since inception.

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.

At
September 30, 2001, the Company had no material commitments for capital expenditures.

RISKS AND UNCERTAINTIES

Lack of Operations and Profitability.

The Company is in the development-stage and commenced pre-operating activities approximately two years ago. It has no history of operations or
profits in the industries in which it participates.

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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 Assurance 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

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resolution of such claims could materially and adversely affect the Company's business and results of operations.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

None.

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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

None.

None.

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SIGNATURES

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

|Dated: November 17, 2001
|------------------------
|                        
|COM-GUARD.com, INC.     
|                        
|By:                     

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