<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

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

                  For the quarterly period ended June 30, 2002


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

                        For the transition period from to

                         Commission File No. 33-55254-28

                        FIRST CAPITAL RESOURCES.COM, INC.
             (Exact name of Registrant as specified in its charter)

          NEVADA                                                87-0438641
 (State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                           Identification Number)

 4500 140th Avenue N., Suite 220
 Clearwater, Florida                                               33762
 (Address of principal executive offices)                       (Zip Code)

 Registrant's telephone number, including area code  (727) 536-5966

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 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. [ X ] Yes [ ] No

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date.

                  Class                         Outstanding as of June 30, 2002
                  -----                         -------------------------------

$.001 PAR VALUE CLASS A COMMON STOCK                        10,770,000 SHARES



<PAGE>

                        FIRST CAPITAL RESOURCES.COM, INC.

                                      INDEX



<TABLE>
<CAPTION>
Part I.  Financial Information                                                            Page #
                                                                                          ------
<S>                                                                                       <C>
   Item 1.  Financial Statements
     Condensed consolidated balance sheets - June 30, 2002, and
         December 31, 2001                                                                   3
     Condensed consolidated statements of operations -Three and Six
         months ended June 30, 2002, and three and six months
         ended June 30, 2001 (unaudited)                                                     4
     Condensed consolidated statements of cash flows - Six months
         ended June 30, 2002, and six months ended
         June 30, 2001 (unaudited)                                                           5

     Notes to condensed consolidated financial statements                                  6 -7

   Item 2.  Management's Discussion and Analysis                                          7 - 8

Part II.  Other Information                                                                  9

Signature Page                                                                              10
</TABLE>


                                       2
<PAGE>
PART I.  FINANCIAL INFORMATION


Item 1.  Financial Statements


                 FIRST CAPITAL RESOURCES.COM, INC. & SUBSIDIARY
                      CONDENSED CONSOLIDATED BALANCE SHEET
                      JUNE 30, 2002, AND DECEMBER 31, 2001


<TABLE>
<CAPTION>
                                                             June 30, 2002        December 31, 2001
                                                              (Unaudited)              (Audited)
                                                             -------------        -----------------
<S>                                                           <C>                    <C>
ASSETS:

Finance receivables, net                                      $    20,521           $    24,420
Cash and Cash Equivalents                                         250,405               903,642
                                                              -----------           -----------

TOTAL ASSETS                                                  $   270,926           $   928,062
                                                              ===========           ===========



LIABILITIES AND DEFICIENCY IN ASSETS:
Liabilities:
Accounts payable and other liabilities                        $     7,647           $    17,888
Due to parent Company                                           2,781,823             3,384,718
                                                              -----------           -----------

TOTAL LIABILITIES                                               2,789,470             3,402,606

Deficiency in Assets:
Common stock, par value $.001 per share; 100,000,000
   shares authorized, (10,770,000
   shares issued and outstanding)                                  10,770                10,770
Additional paid-in capital                                      1,951,438             1,951,438
Accumulated Deficit                                            (4,480,752)           (4,436,752)
                                                              -----------           -----------

TOTAL DEFICIENCY IN ASSETS                                     (2,518,544)           (2,474,544)
                                                              -----------           -----------

TOTAL LIABILITIES AND DEFICIENCY IN
ASSETS                                                        $   270,926           $   928,062
                                                              ===========           ===========
</TABLE>


      See notes to condensed consolidated financial statements - unaudited


                                       3
<PAGE>
                 FIRST CAPITAL RESOURCES.COM, INC. & SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                         FOR THE PERIODS ENDING JUNE 30,
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                      6 months ended                    3 months ended
                                                 2002               2001            2002                2001
                                                 -----------------------            ------------------------


<S>                                     <C>               <C>               <C>               <C>
REVENUES:
Loan interest and fee income            $      4,773      $    116,425      $      1,349      $     68,255
Less: Interest expense                      (147,105)         (176,393)          (70,621)          (85,713)
Collection of A/C Written Off                130,000            45,000           130,000            45,000
                                        ------------      ------------      ------------      ------------

Net revenue (interest expense)          $    (12,332)     $    (14,968)     $     60,728      $     27,542
                                        ------------      ------------      ------------      ------------


OPERATING AND OTHER EXPENSES:

General and administrative expenses           31,668            52,826            20,829            26,918
                                        ------------      ------------      ------------      ------------
Total expenses                                31,668            52,826            20,829            26,918
                                        ------------      ------------      ------------      ------------


(Loss) before income taxes                   (44,000)          (67,794)           39,899               624
Income tax expense                                --                --                --                --
                                        ------------      ------------      ------------      ------------
Net Income (Loss)                            (44,000)          (67,794)           39,899               624


Net Income (Loss) per share             $      (0.00)     $      (0.01)     $       0.00      $       0.00
                                        ============      ============      ============      ============

Weighted average number of shares         10,770,000        10,770,000        10,770,000        10,770,000
   outstanding                          ============      ============      ============      ============
</TABLE>



      See notes to condensed consolidated financial statements - unaudited



                                       4

<PAGE>


                 FIRST CAPITAL RESOURCES.COM, INC. & SUBSIDIARY
             CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE
                     SIX MONTHS ENDING JUNE 30, (UNAUDITED)


<TABLE>
<CAPTION>

                                                                            2002             2001
                                                                            ----             ----
<S>                                                                       <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

     Net Loss                                                             $ (44,000)     $   (67,794)
                                                                          ---------      -----------
     Adjustments to reconcile net loss to net cash
         provided by operating activities:
         Increase in Due to Parent due to Interest Expense                  147,105          176,393
         Decrease in accounts payable
              and other liabilities                                         (10,241)         (22,361)
              Total adjustments                                             136,864          154,032
                                                                          ---------      -----------
                  Net cash provided by operating activities                  92,864           86,238
                                                                          ---------      -----------

CASH FLOW FROM INVESTING ACTIVITIES:
     Decrease in floor plan receivables                                       3,899         (254,416)
                                                                          ---------      -----------
                  Net cash provided by (used in) investing activities         3,899         (254,416)
                                                                          ---------      -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Amounts repaid to Parent Company                                      (750,000)        (770,000)
                                                                          ---------      -----------
                  Net cash used in financing activities                    (750,000)        (770,000)
                                                                          ---------      -----------

NET DECREASE IN CASH & CASH EQUIVALENTS                                    (653,237)        (429,346)

CASH & CASH EQUIVALENTS - BEGINNING OF PERIOD                               903,642        1,677,955
                                                                          ---------      -----------

CASH & CASH EQUIVALENTS - END OF PERIOD                                   $ 250,405      $ 1,248,609
                                                                          =========      ===========
</TABLE>


      See notes to condensed consolidated financial statements - unaudited


                                       5
<PAGE>

NOTES TO FINANCIAL STATEMENTS

1.       BASIS OF PRESENTATION

The accompanying (unaudited) condensed consolidated financial statements of
First Capital Resources.Com, Inc., have been prepared in accordance with
accounting principles generally accepted in the United States for interim
financial information and with the instructions to Form 10-QSB and, therefore,
do not include all information and footnotes necessary for a complete
presentation of financial position, results of operations, cash flows and
changes in stockholders' equity in conformity with generally accepted accounting
principles.

In the opinion of management, all adjustments considered necessary for a fair
presentation of the results of operations and financial position have been
included and all such adjustments are of a normal recurring nature. Operating
results for the six months ended June 30, 2002, are not necessarily indicative
of the results that can be expected for the year ended December 31, 2002.

The financial data at December 31, 2001, is derived from audited financial
statements that are included in the Company's Annual Report on Form 10-KSB which
should be read in conjunction with these condensed consolidated financial
statements.

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of consolidation - The condensed consolidated financial statements include
the accounts of First Capital Resources.Com, Inc., and its subsidiary Affordable
Dealer Services, Inc. (the Company). All significant intercompany accounts and
transactions have been eliminated in consolidation.

Use of Estimates - The accounting and reporting policies of the Company are in
conformity with accounting principles generally accepted in the United States of
America and general practices within the finance industry. The preparation of
financial statements in conformity with accounting principles generally accepted
in the United States of America requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosures of contingent assets and liabilities as of the balance sheet date
and the reported amounts of revenues and expenses for the periods presented.
Actual results could differ from those estimates.

The allowance for credit losses is an estimate that is established through
charges to earnings. Loans that are determined to be uncollectible are charged
against the reserve and any subsequent recoveries are credited to other income.
The allowance for credit losses is maintained at an amount considered by
management to be adequate to absorb potential credit losses based upon an
evaluation of known and inherent risks in the portfolios. Management's periodic
evaluation takes into consideration both the timing and severity of losses
experienced by both the Company and the industry. Future adjustments to the
reserve may be necessary if conditions differ substantially from the assumptions
used in making the evaluation. Given the nature of lending activities, it is
reasonably possible the Company's estimate of the allowance for credit losses
could materially change in the near future.


3.       GOING CONCERN UNCERTAINTIES

The accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States of America, which
contemplates continuation of the Company as a going concern. The Company has a
substantial deficiency in assets. It is reasonably possible that First American
Capital Trust ("FACT"), the principal source of liquidity for the Company, may
not provide additional capital to the Company and/or may demand repayment of the
amount due to FACT. Should such demand be made, the Company would not have the
ability to repay such amount.

 In November of 2000, the creditors of FACT and the Bankruptcy Court approved a
Plan of reorganization. The Plan called for the transfer of all of FACT 's
assets, including the 10,000,000 shares of the Company and the amount the
Company owes to FACT at December 31st of approximately $4,200,000, to a new
entity, the First American Capital Liquidating Trust ("FACLT"). This transfer
was completed January 1, 2001. The Plan and subsequent Court approved Orders
provide the Company with the flexibility to sell some or all of its remaining
assets to FACLT against the remaining debt outstanding. To the extent that the
debt is not fully repaid, additional shares in the Company may be issued to
FACLT to satisfy any remaining debt. The Company may leave certain assets in the
Company if an appropriate merger or acquisition candidate can be located or it
may sell all of the assets and sell the Company as is without any assets or
liabilities. No final decision has been made.


                                       6
<PAGE>

4.       NET INCOME (LOSS) PER SHARE

The Company applies Statement of Financial Accounting Standards No. 128,
"Earnings per Share" (FAS 128). Net income (loss) per share excludes dilution
and is computed by dividing net income (loss) by the weighted average number of
common shares outstanding during the reported periods.



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

The following discussion and analysis provides information which management
believes is relevant to an assessment and understanding of the Company's
consolidated financial condition and results of operations and cash flows. The
discussion should be read in conjunction with the condensed financial statements
and notes thereto.


RESULTS OF OPERATIONS

Net revenues

Three Months ended June 30

Interest and fee revenues for the three months ended June 30, 2002 were only
$1,349 as compared to $68,255 during the same quarter last year. The decrease is
due to fewer loans outstanding and lower cash balances on hand The interest
income for the three months was offset by $70,621 of interest expense accrued on
the intercompany loan to FACLT as compared to $85,713 in the same period last
year. The lower amount of interest expense is due to the reduction of the loan
to FACLT by approximately $1,150,000 since the end of the same period last year.
This reduction in interest expense was much smaller than the decline in interest
revenues during the period resulting in a higher net expense for the period.

During the quarter the Company also recovered $130,000 from an account that had
previously been written off as compared to $45,000 that was collected during the
same quarter last year under the same circumstances. The amount was collected
via settlement of a lawsuit the Company had brought against two parties for a
loan the Company had previously made that was in default. The Company is still
pursuing the other party however it is not known at this time what amount if any
will be collected from the other party.

Six Months Ended June 30

Interest and fee revenues for the six months ended June 30, 2002 were only
$4,773 as compared to $161,425 for the same period last year. The decrease is
due to the lower amount of cash on hand and fewer loans outstanding earning
interest revenue. Interest expense for the six months this year was $147,105 as
compared to $176,393 during the same period last year. This is due to the lower
amount owed to FACLT that during the same period last year. Lower interest
expense reduced the impact of the reductions in revenues during the period.

During the six months the Company collected $130,000 from a previously written
off account. The amount was collected via a settlement of legal action brought
to recover a loan in default. During the same period last year $45,000 was
recovered on account of settling litigation brought against a party owing the
Company money.

This resulted in a net loss for the six months in the amount of $44,000 as
compared to a net loss of $67,794 for the same period last year. Due to the high
interest expense due on the loan to FACLT, the low interest revenues currently
coming into the Company and the uncertainty of whether any further amounts will
be collected by litigation by the Company against other parties, the Company
will likely have losses for the rest of the year.


                                       7

<PAGE>


Net expenses

Three months ended June 30

Net general and administrative expenses for the three months ended June 30 were
$20,830 as compared to $26,918 for the same period last year. Selling, general
and administrative expenses for the three months this year include $0 in
management fees paid to FACLT as compared to $7,500 last year. All other expense
levels were approximately the same. The majority of general and administrative
expenses were legal fees incurred in the collection of outstanding loans and
accounts receivable. The net income for the three months ended June 30, 2002 was
$39,899 as compared to a net loss of $624 for the three-month period last year.
This is due to the fact that even though general and administrative expenses
stayed about the same as compared to the same period last year, revenues
increased by an even greater amount due to the recovery of $130,000 in
previously written off accounts as noted earlier. Also increasing the net gain
was a reduction in interest expense during the period due to the reduction in
the size of the debt to FACLT. The Company should continue to lose money for the
rest of the year due to the interest expense on the intercompany loan however
this may be offset if certain of the Company's collection actions are successful
or if an acquisition or business combination can be identified.

Six months ended June 30

Net general and administrative expense for the six months ended June 30 were
$31,669 as compared to $52,826 for the same period a year earlier. General and
administrative expenses for the six month period this year were mostly comprised
of legal fees incurred in connection with the collection of outstanding loans
and other amounts owed to the Company. The remaining balance of general and
administrative expenses comprised of professional fees related to maintaining
the accounting records and filing the quarterly reviews, legal fees incurred in
connection with the acquisition by a potential company or other investors and
for other legal fees related to statutory filings.


LIQUIDITY AND CAPITAL RESOURCES

The Company currently has $250,405 in cash and equivalents on hand and another
$20,521 in other loans and receivables against only $7,647 in accounts payable.
However, the Company is currently indebted to its parent Company, FACLT, in the
amount of $2,781,823. As was disclosed in the previous Report on Form 10-KSB and
in the notes to these financial statements, FACT confirmed a Plan of
Reorganization to emerge from Chapter 11. The Plan calls for a liquidation of
all the assets of the Company and repayment, to the extent possible, of the
loans owed to FACLT (the successor to FACT) and a conversion of all or part of
the debt to additional shares in the Company. Further as stated in the Plan, the
Company will continue to pursue an acquisition of or combination with an ongoing
business or an outright sale of the Company to a new controlling shareholder. In
doing so, certain assets may remain with the Company as part of a merger,
acquisition or outright sale.


                                       8
<PAGE>


PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

None

Item 2.  Changes in Securities and Use of Proceeds

None

Item 3.  Defaults Upon Senior Securities

None

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

None

Item 5.  Other Information

Item 6.  Exhibits and Reports on Form 8-K

(a)      Exhibits required by Item 601 of Regulation S-K

         None

(b)      Reports on Form 8-K

         None


                                       9
<PAGE>



                                   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.


                                           FIRST CAPITAL RESOURCES.COM, INC.



Date:  August 14, 2002                     By:   /s/ Derri Davisson
                                              ---------------------------------
                                              Derri Davisson, President




                                       10