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 number: 000-24001
                                    ---------

                                   JVWEB, INC.
        (Exact name of small business issuer as specified in its charter)

                   Delaware                             76-0552098
       --------------------------------           ---------------------------
      (State or other jurisdiction of                (I.R.S. Employer
       incorporation or organization                identification No.)

2555 Clovis Ave., Suite E, Clovis, California                         93612
--------------------------------------------------------------------------------
(Address of principal executive offices)                           (Zip Code)

Registrant's telephone number, including area code:   (559) 347-6688

                5444 Westheimer, Suite 2080, Houston, Texas 77056
--------------------------------------------------------------------------------
                  (Former address if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes _X_ No __

The number of shares of common stock, $0.01 par value, outstanding as of March
31, 2002: 15,483,937 shares

Transitional Small Business Disclosure Format (check one):   Yes      No   X
                                                                 ---     ------




<PAGE>



                                   JVWEB, INC.
                          QUARTER ENDED MARCH 31, 2002

                                      INDEX

PART I.  FINANCIAL INFORMATION                                             Page

         Item 1.  Financial Statements

         Condensed financial statements of JVWeb, Inc.:

            Balance sheet as of March 31, 2002                                3

            Consolidated statements of operations for the
                  three months ended March 31, 2002 and for
                  the period from July 10, 2001 (inception)
                  to March 31, 2002                                           4

            Consolidated statements of cash flows for the three
                  months ended March 31, 2002 and for the period
                  from July 10, 2001 (inception) to March 31, 2002            5

              Consolidated notes to financial statements                      6

         Item 2.  Management's Plan of Operations                             7

PART II. OTHER INFORMATION

         Item 2.     Changes in Securities and Use of Proceeds                8

         Item 6.     Exhibits and Reports on Form 8-K.                        8

                             (a)Exhibits

SIGNATURE                                                                     9

PART 1.   FINANCIAL INFORMATION

Item 1.   Financial Statements

                                   JVWEB, INC.
                           CONSOLIDATED BALANCE SHEET
                                 March 31, 2002
                                   (Unaudited)


ASSETS
  Cash                                                                $ 142,644
  Accounts receivable                                                     2,860
  Inventory - supplies                                                   32,000
                                                                       ---------
    Total Current Assets                                                177,504
                                                                        --------

Intangible assets, net of $15,715 accumulated amortization              115,103
                                                                      ---------

    TOTAL ASSETS                                                      $ 292,607
                                                                      =========



LIABILITIES
  Accounts payable                                                    $ 142,651
  Installment note payable                                                5,854
                                                                      ---------
         Total Current Liabilities                                      148,505
                                                                      ---------

STOCKHOLDERS' EQUITY
  Common stock, $.01 par value, 50,000,000 shares
    authorized, 15,483,937 shares issued and outstanding                154,839
  Paid in capital                                                       384,404
  Retained (deficit)                                                   (395,141)
                                                                       ---------
     Total Stockholders' Equity                                         144,102
                                                                       --------

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                       $ 292,607
                                                                      =========


<PAGE>

                                   JVWEB, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                        For the Three Months Ended March
                        31, 2002 and the Period from July
                              10, 2001 (Inception)
                             Through March 31, 2002
                                   (unaudited)


                                                                    Period from
                                                      3 Months       Inception
                                                      --------       ---------

Revenues from software product sales                 $  40,886       $  78,868

Cost of sales                                            4,000           6,000
Selling expense                                         29,059          29,059
General and administrative expenses                    393,677         421,256
Research and development                                 1,979           1,979
Amortization                                             6,735          15,715
                                                       ---------      ---------

     NET LOSS                                        $(394,564)       $(395,141)
                                                     =========        =========


Basic and diluted loss per share                        $(.03)           $(.03)
Weighted average shares                            13,436,357       12,412,567



<PAGE>


                                   JVWEB, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                        For the Three Months Ended March
                        31, 2002 and the Period from July
                              10, 2001 (Inception)
                             Through March 31, 2002
                                   (unaudited)


                                                                    Period from
                                                         3 Months    Inception
                                                         ---------   ---------
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES
  Net Loss                                              $(394,564)   $(395,141)
  Adjustments to reconcile net income to net cash
    provided by operating activities:
    Amortization                                            6,735       15,715
    Stock issued for services                              53,780       68,360
  Change in cash from:
    Accounts receivable                                  (    860)    (  2,860)
    Inventory - supplies                                 ( 32,000)    ( 32,000)
    Accounts payable                                       72,728       53,196
                                                         ---------    ---------
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES          (294,181)    (292,730)
                                                         ---------    ---------

CASH FLOWS USED IN INVESTING ACTIVITIES
  Purchase of intangible assets                          (130,818)    (130,818)

CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
  Sales of common stock                                   566,192      566,192
                                                         ---------    ---------

NET INCREASE (DECREASE) IN CASH                           141,193    $ 142,644
CASH - beginning of period                                  1,451
                                                         ---------   ---------
CASH  - end of period                                   $ 142,644    $ 142,644
                                                        =========    =========


<PAGE>

                                   JVWEB, INC.
                   CONSOLIDATED NOTES TO FINANCIAL STATEMENTS


NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of JVWeb, Inc. have been
prepared in accordance with accounting principles generally accepted in the
United States of America and the rules of the Securities and Exchange Commission
("SEC"), and should be read in conjunction with the audited financial statements
of IQ Biometrics California, Inc., contained elsewhere in the accompanying Form
8-K filed with the SEC. In the opinion of management, all adjustments,
consisting of normal recurring adjustments, necessary for a fair presentation of
financial position and the results of operations for the interim periods
presented have been reflected herein. The results of operations for interim
periods are not necessarily indicative of the results to be expected for the
full year. Notes to the financial statements which would substantially duplicate
the disclosure contained in the audited financial statements of IQ Biometrics
California, Inc. as reported elsewhere in the Form 8-K, have been omitted.


NOTE 2 - REORGANIZATION

On March 22, 2002, IQ Biometrix - California agreed to a reorganization with
JVWeb, Inc. ("JVWeb"), an inactive publicly-traded company. Pursuant to this
acquisition, IQ Biometrix - California shareholders agreed to exchange their
shares for 11,578,590 shares of JVWeb. In connection with the exchange, JVWeb
agreed to cancel 23,478 shares of stock held by its founder and $582,191 in
amounts due the founder in exchange for transfer of all inactive subsidiaries to
that founder.

A summary of shares issued through March 31, 2002 is as follows:

       JVWeb - shares outstanding as of December 31, 2001             2,287,027
       Shares returned by JVWeb's founder                             (  23,478)
       Shares issued to IQ Biometrix - California shareholders       11,388,777
       Shares issued for services performed                           1,075,606
       Shares issued for cash at $1 per share                           566,192
       Shares gifted to California State University
         Fresno Foundation                                              189,813
                                                                     -----------
                  Shares outstanding at March 31, 2002               15,483,937
                                                                    ===========


<PAGE>

ITEM 2. MANAGEMENT'S PLAN OF OPERATION

The Company provides security software systems and related services for facial
composite, recognition and comparison. These systems are developed for use by
enterprises and governmental agencies in facilities access and document
verification applications.

The Company presently offers a facial recognition tool, based on
an extensive library of composite sketches of various facial features. The
features can be combined, through a software program, into unique facial
composites, which can be converted into unique 38-digit alphanumerical ID codes,
or "InterCodes". The original product, Faces 3.0, has been in the market for a
few years, and is being used by police officers, investigators, and forensic
artists throughout North America.

The Company's plan of operations for the next 12 months are centered around two
main objectives:

      * The launching of Faces 4.0, and related services, for which product
        delivery is scheduled for late summer or early fall, and

      * Development of an enterprise solution, FaceScan, which is currently in
        the design stage, with an anticipated product delivery date within
        calendar year 2003.

The launching of Faces 4.0 is anticipated to include a suite of related
services. The bundle of services will be offered separately, or as an
integrated product/service offering. The array of services to be offered within
this service package will include:

      * The Faces 4.0 product,

      * An e-learning course, to be centered around cognitive interviewing
        techniques for the law enforcement community which use the Faces
        product as a key component,

      * A standardization and authentication certification process for graduates
        of the e-learning course,

      * Academic accreditation for the course, and

      * An on-line community where law enforcement professionals, as well as
        interested civilians can congregate to share information, techniques,
        and success stories.

In planning for the launch of the Faces 4.0 integrated service package, the
company intends to utilize a broad-based marketing and media campaign. A key
leverage point is its relationship with the Fox Network television series
"America's Most Wanted," (AMW) which is viewed by 15 million people every week.
AMW has adopted the FACES software as an official crime-solving tool. The host
of the series, John Walsh, is the official spokesperson for the FACES software.

The FaceScan enterprise solution: The facial recognition FACESCAN technology is
an outgrowth of the FACES technology. The FACESCAN technology uses the InterCode
technology to address identity verification and authentication needs for
security purposes. This technology is intended (upon completion of its
development) to enable users to generate in seconds composite pictures and
InterCodes from digitized photographs, which may include captured video images.
This capability is expected to find use in airports, border control and other
locations to identify suspected criminals and terrorists.

The Company anticipates it will require additional financing, estimated at $2.5
million, to complete the launching of its two new products. The sources of
funding are anticipated to come primarily from the exercise of previously issued
warrants ($1 million), a private placement of up to $1.5 million, and a material
amount from revenue from sales of its Faces 4.0 product group in the summer of
2002. There is no assurance that the Company will be successful in attaining its
funding objectives, and will need to scale back operations to the extent full
funding is not attained.

PART II. OTHER INFORMATION


Item 2.       Changes in Securities and Use of Proceeds

          On March 22, 2002, the Company issued 12,854,196 shares of its common
stock, par value $.01 per share (the "Common Stock"), in connection with the
merger (the "Merger") of IQ Biometrix California, Inc. ("IQB") with and into a
subsidiary of the Company. These shares were issued to the 126 now former
shareholders of IQB. These issuances are claimed to be exempt pursuant to
Regulation D under the Securities Act of 1933 (the "Act"). Also, in connection
with the Merger, the Company assumed IQB's obligations under its stock plan,
thus obligating the Company to issue up to 2,385,000 additional shares of Common
Stock pursuant to options or stock grants issued pursuant to the assumed plan.
The issuances of the Common Stock underlying these options or stock grants will
be claimed to be exempt pursuant to Regulation D under the Securities Act of
1933.

         Shortly prior to the Merger, the Company issued to Greg J. Micek (then
the President of the Company) a Convertible Secured Promissory Note (the "Note")
for an investment in the amount of $100,000. This Note provided for its
automatic conversion into 100,000 shares of Common Stock upon the consummation
of the Merger. The Note did ultimately convert into 100,000 shares of Common
Stock upon the consummation of the Merger. The issuance of the Note and the
issuance of the common stock underlying the Note are claimed to be exempt
pursuant to Section 4(2) of the Act.

         Shortly prior to the Merger, the Company issued to a very small group
of investors 500,000 shares of Common Stock in a private placement for an
aggregate purchase price of $500,000. These investors also received warrants to
purchase up to 500,000 shares of Common Stock for a per-share purchase price of
$1.00. These warrants are exercisable on or before June 30, 2002, after which
time the warrants will expire if they remain unexercised. The issuances of the
Common Stock and the warrants are claimed to be exempt, and the issuance of the
Common Stock underlying the warrants will be claimed to be exempt, pursuant to
Regulation D under the Securities Act of 1933.

         On May 12, 1998, the Company's Registration Statement on Form SB-2
(Commission File No. 333-43379) was declared effective by the U.S. Securities
and Exchange Commission. The Company's Quarterly Report on Form 10-QSB for the
quarter ended March 31, 1998 contained a detail discussion of the securities
registered by this Registration Statement. This discussion remains true and
correct as of the end of the quarter ended March 30, 2002 except in certain
regards discussed in the remainder of this paragraph. First, the Common Stock
and the Company's Class A Warrants ("Class A Warrants") commenced trading.
However, all unexercised Class A Warrants expired on February 28, 2002. In
addition, 110,240 Class A Warrants have been exercised, and proceeds from such
exercises in the aggregate amount of $110,240 have been received by the Company.
All such proceeds have been used for general corporate purposes and were paid to
persons other than directors and officers of the Company and persons owning more
than 10% of any class of equity securities of the Company. Moreover, the Company
believes that LS Capital Corporation has sold material numbers (if not all) of
the shares of Common Stock and Class A Warrants previously owned by it.

Item 6.  Exhibits and Reports on Form 8-K

         (a)      The following exhibits are filed with this Quarterly Report or
are incorporated herein by reference:

                           Exhibit
                           Number           Description

                           NONE

(b)      Reports on Form 8-K

                           NONE

                                    SIGNATURE

         In accordance with the requirements of the Exchange Act, the Registrant
has duly caused this Report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                   JVWEB, INC.
                                   (Registrant)


                                   By: /s/Richard Thompson

                                   Richard Thompson
                                   President and Chief Executive Officer

Dated: June 7, 2002