<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 March 31, 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 MARCH 31, 2002
-----                                       --------------------------------

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



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                        FIRST CAPITAL RESOURCES.COM, INC.

                                      INDEX

<TABLE>
<CAPTION>

                                                                                          PAGE #
                                                                                          ------
<S>                                                                                       <C>
Part I.  Financial Information

   Item 1.  Financial Statements

     Condensed consolidated balance sheets - March 31, 2002, and
         December 31, 2001                                                                   3

     Condensed consolidated statements of operations - Three months
         period ended March 31, 2002, and three months
         ended March 31, 2001 (unaudited)                                                    4

     Condensed consolidated statements of cash flows - Three months
         ended March 31, 2002, and three months ended
         March 31, 2001 (unaudited)                                                          5

     Notes to condensed consolidated financial statements                                  6 -7

   Item 2.  Management's Discussion and Analysis                                             7

Part II.  Other Information                                                                  8

Signature Page                                                                               9



</TABLE>

                                       2
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PART I.  FINANCIAL INFORMATION


Item 1.  Financial Statements

                 FIRST CAPITAL RESOURCES.COM, INC. & SUBSIDIARY
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                      MARCH 31, 2002, AND DECEMBER 31, 2001

<TABLE>
<CAPTION>

                                                           March 31, 2002      December 31, 2001
                                                             (Unaudited)          (Audited)
                                                           --------------      -----------------
<S>                                                          <C>                  <C>
ASSETS:

Finance receivables, net ...........................         $    23,195          $    24,420
Cash and Cash Equivalents ..........................             595,900              903,642
                                                             -----------          -----------
TOTAL ASSETS .......................................         $   619,095          $   928,062
                                                             ===========          ===========

LIABILITIES AND DEFICIENCY IN ASSETS:
Liabilities:
Accounts payable and other liabilities .............              16,336               17,888
Due to parent company ..............................           3,161,202            3,384,718
                                                             -----------          -----------
TOTAL LIABILITIES ..................................           3,177,538            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 ................................          (4,520,651)          (4,436,752)
                                                             -----------          -----------
TOTAL DEFICIENCY IN ASSETS .........................          (2,558,443)          (2,474,544)
                                                             -----------          -----------
TOTAL LIABILITIES AND DEFICIENCY IN ASSETS .........         $   619,095          $   928,062
                                                             ===========          ===========
</TABLE>

      See notes to condensed consolidated financial statements - unaudited



                                       3
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                 FIRST CAPITAL RESOURCES.COM, INC. & SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                        FOR THE PERIODS ENDING MARCH 31,
                                   (UNAUDITED)



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


REVENUES:

Loan interest and fee income ......         $      3,424          $     48,170
Less: Interest expense ............              (76,484)              (90,680)
                                            ------------          ------------
Net Interest Expense ..............         $    (73,060)         $    (42,510)
                                            ------------          ------------


OPERATING AND OTHER EXPENSES:

General and administrative expenses               10,839                25,908
                                            ------------          ------------
Total expenses ....................               10,839                25,908
                                            ------------          ------------

(Loss) before income taxes ........              (83,899)              (68,418)
Income tax expense ................                   --                    --
                                            ------------          ------------
Net (Loss) ........................              (83,899)              (68,418)
                                            ============          ============

Net (Loss) per share ..............         $      (0.01)         $      (0.01)
                                            ============          ============

Weighted average number of shares
   outstanding ....................           10,770,000            10,770,000
                                            ============          ============


      See notes to condensed consolidated financial statements - unaudited

                                       4
<PAGE>


                 FIRST CAPITAL RESOURCES.COM, INC. & SUBSIDIARY
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
               FOR THE THREE MONTHS ENDING MARCH 31, (UNAUDITED)


<TABLE>
<CAPTION>

                                                                                 2002                 2001
                                                                              ---------          -----------
<S>                                                                           <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
         Net (Loss) .................................................         $ (83,899)         $   (68,418)
                                                                              ---------          -----------
         Adjustments to reconcile net (loss) to net cash provided
                       by (used in) operating activities:

                  Increase in Due to Parent due to Interest Expense .            76,484               90,680
                  Decrease in accounts payable
                       and other liabilities ........................            (1,552)              (2,360)
                                                                              ---------          -----------
                           Total adjustments ........................            74,932               88,320
                                                                              ---------          -----------
                  Net cash (used in) provided by operating activities            (8,967)              19,902
                                                                              ---------          -----------

CASH FLOW FROM INVESTING ACTIVITIES:
         Decrease in floor plan receivables .........................             1,225              172,448
                                                                              ---------          -----------
                  Net cash provided by investing activities .........             1,225              172,448
                                                                              ---------          -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
         Amounts repaid to Parent Company ...........................          (300,000)            (725,000)
                                                                              ---------          -----------
                  Net cash used in financing activities .............          (300,000)            (725,000)
                                                                              ---------          -----------

NET DECREASE IN CASH & CASH EQUIVALENTS .............................          (307,742)            (532,650)

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

CASH & CASH EQUIVALENTS - END OF PERIOD .............................         $ 595,900          $ 1,145,305
                                                                              =========          ===========

</TABLE>



      See notes to condensed consolidated financial statements - unaudited




                                       5
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 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 three months ended March 31, 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 and
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 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 Parent.
Should such demand be made, the Company would not have the ability to repay such
amount.

 In November of 2000, the creditors of Parent and the Bankruptcy Court approved
a Plan of reorganization. The Plan called for the transfer of all of Parent's
assets, including the 10,000,000 shares of the Company and the amount the
Company owes to Parent 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, up to an additional 4,000,000 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 LOSS PER SHARE

The Company applies Statement of Financial Accounting Standards No. 128,
"Earnings per Share" (FAS 128). Net 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 March 31

Net interest expense increased by 71.9 % from $(42,510) for the three-month
period ended March 31, 2001, to $(73,060) for the three months ended March 31,
2002. The increase is due to the significantly lower amount of interest revenue
and fee income earned due to a lower amount of loans outstanding this period as
compared to the same period last year. The interest income for the three months
was offset by $76,484 of interest expense accrued on the intercompany loan to
FACLT as compared to $90,680 in the same period last year. The lower amount of
interest expense is due to the reduction of the loan to FACLT by approximately
$735,000 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.

Net expenses

Three months ended March 31

Net general and administrative expenses for the three months ended March 31 were
$10,839 as compared to $25,908 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 13,500 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 loss for the three months ended March 31, 2002 was
$83,899 as compared to a net loss of $68,418 for the three-month period last
year. This is due to the fact that even though general and administrative
expenses decreased over the same period last year, revenues declined by an even
greater amount. Partly offsetting the increase in net loss 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.

LIQUIDITY AND CAPITAL RESOURCES

The Company currently has $595,900 cash and equivalents on hand and another
$23,195 in other loans and receivables against only $16,336 in accounts payable.
However, the Company is currently indebted to its parent Company, FACLT, in the
amount of $3,161,202. 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.



                                       7
<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



                                       8
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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.

                                    FIRST CAPITAL RESOURCES.COM, INC.



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









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