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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB
         (Mark One)
             [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: 000-30556

                            Finity Holdings, Inc.
     -------------------------------------------------------------------
      (Exact name of small business issuer as specified in its charter)

                  Delaware                              11-3210792
       ------------------------------                -----------------
        (State or other jurisdiction                   (IRS Employer
      of incorporation or organization)             Identification No.)

          Gary K. Jennings, 511 F Street, #504, San Diego, CA 92101
         ------------------------------------------------------------
            (Address of Principal Executive Offices and Zip Code)

                                (619) 234-2347
                           ------------------------
               (Issuer's telephone number, including area code)


        Securities registered under Section 12(b) of the Exchange Act:

                                               Name of each exchange
            Title of each class                on which registered
            -------------------                -------------------
                  None                                 None

        Securities registered under Section 12(g) of the Exchange Act:

                  Common Stock, $0.001 par value per share
                  ----------------------------------------
                              (Title of Class)

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 [ ]

Check if there is no disclosure of delinquent filers in response to Item 405
of Regulation S-B is not contained in this form, and no disclosure will be
contained to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB. [ ]

The number of shares outstanding of the issuer's common stock as of May 16,
2002, was 50,511,512 shares. The aggregate market value of the common stock
(3,491,500 shares) held by non-affiliates, based on the average of the bid and
asked prices ($0.03) of the common stock as of December 31, 2001 was $104,745.


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DESCRIPTION OF BUSINESS

We were organized on February 5, 1993 and are currently known as Finity
Holdings Inc. We formerly operated through two wholly-owned subsidiaries,
Finity Corporation, a Texas corporation, and Fi-Scrip, Incorporated, a Nevada
corporation ("Fi-Scrip"). We sold all of our stock in Finity Corporation. and
Fi-Scrip effective June 5, 2001.  The sale of these two subsidiaries leaves us
without any significant operations and or assets since that date.

Currently, Finity Holdings has one paid manager, Gary K. Jennings, who is
serving as interim President. We do not expect any change in the number of
employees in the short term. We are a "blank check" corporation, and we are
seeking an operating company with which to merge.

Generally speaking, Gary Jennings consults with the two largest shareholders
(90 percent of the stock ownership) attorneys and accountant regarding the
administration of the company.

We strongly suggest that all shareholders and or prospective shareholders go
to www.sec.gov and read every 10K to gain a complete understanding of the
complex changes and continuing evolution of the corporation.


DESCRIPTIONS OF PROPERTIES

We operate no plants or physical locations other than a single administrative
office. The address is 511 F Street, # 504 San Diego, CA 92101. Email address
is GaryKJennings@msn.com. Office hours are 9 to 5, Monday through Friday.


LEGAL PROCEEDINGS

We (Finity Holdings) are a defendant in a lawsuit entitled Eric Grant v.
Douglas R. Baetz, Glenn M. Gallant, Columbia Capital Corp. (our predecessor in
interest), First Independent Computers and Does 1-100, Case
No.00-CV01527-J(BEN) in the Federal District Court for the Southern District
of California. The case was filed on July 28, 2000. We filed a motion in
mid-2001 to dismiss the entire case because the Plaintiff's attorneys were not
pursuing the case. On July 13, 2001, the Court entered an order granting our
Motion to Dismiss with Prejudice for Failure to Prosecute in the case.
Pursuant to the terms of the Order, Plaintiff's class action lawsuit was
dismissed with prejudice based upon the failure to prosecute and plaintiff's
inaction and failure to comply with the Court's Order to serve an amended
complaint upon the defendants by March 23, 2001. This would have ended the
litigation, except that in early August of 2001, Plaintiffs in this case
submitted a Motion for Reconsideration of the ruling on the Motion to Dismiss.
The court ruled in our favor on the motion for reconsideration, but April 2002
the plaintiff filled a Notice of Appeal in the 9th circuit Court Of Appeals.

The Plaintiff's attorneys in the Grant v. Baetz case then filed a second case
following their failure in the Grant matter. On November 5, 2001, they filed a
class action case in the Federal District Court for the Southern District of
California entitled Richard Plestina v. Douglas R. Baetz, Glenn M. Gallant,
Finity Holdings, Inc., Finity Corporation, Chuck LaMontagne and Kenneth Klotz.
The Plestina case is essentially the same case as the Grant case, with a new
lead plaintiff. Both cases allege violations of the Securities Exchange Act of
1934, violations of the California Corporations Code, violation of the
R.I.C.O. Act, fraud, and several other common law causes of action. We have
not answered the complaint in the case, because we agreed to settle and avoid
prolonged litigation.


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We have reached a settlement agreement with both plaintiffs in the Plestina &
Grant cases and two former directors (Mr. LaMontain and Mr. Klots) who are co
defendant in the Plestina matter. Our settlement agreement requires court
approval to be final. We expect court approval 30 to 60 days.

Currently Mr. Baetz and Mr. Gallant have not joined the process to settle and
will continue to defend their actions, separate from the company.

Specifically, Douglas R. Baetz, Glenn M. Gallant are former directors and
founders. We expect these directors to seek indemnity from the company (Finity
Holdings) in connection with the Plestina and or Grant case. The former
directors have indicated they will seek indemnity and reimbursement for legal
expenses and or judgments in the future. These reimbursements may exceed $
100,000.00 dollars.

Their right to seek reimbursement is under review by our attorney to validate
the merits of such a possible request. Any payment would have a negative
impact on the company.  No provision for such expense has been accrued in the
financial statements.


MANAGEMENT'S DISCUSSION AND ANALYSIS

We ceased operations on June 5, 2001 and have focused on paying the company
debts, managing company business and resolving legal issues.

Our recent operating history offers little or no guidance with respect to our
financial performance in the future. Because we have no significant
operations, we do not expect to have any revenues in the next twelve months.
Nor do we expect to have significant operating expenses in the next twelve
months except for compensation for the interim president (retainer), legal
(hourly) and accounting (hourly).

There are significant uncertainties that may have a material and or
catastrophic impact upon our liquidity or ability to operate the company.
Specifically, Douglas R. Baetz, Glenn M. Gallant (see legal proceedings),
resolving the class action (see legal proceedings), and avoiding any new
litigation. Needless to say, the company is in extreme danger of being forced
out of business through possible judgments.

When the pending settlements and waivers are finalized. The Company will seek
a new merger partner to the best of their ability.

Current and future contingent liabilities could render the company not worthy
of selling and we would be forced to dissolve the corporation.

Interested parties, current and future shareholders should be advised that a
reverse stock split might occur, if and when a merger is completed.


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                             FINITY HOLDINGS, INC.
                                 BALANCE SHEET
                                 March 31, 2002



Current Assets
  Cash                                                         $    14,359
  Receivable from insurance company                                 45,200
                                                               -----------
     Total Assets                                              $    59,559
                                                               ===========



Current liabilities
  Accounts payable                                             $     1,000


Stockholders' Equity
  Common stock, $.001 par value, 100,000,000 shares
    authorized, 50,828,073 shares issued and outstanding            50,828
  Paid in capital                                                8,436,002
  Retained deficit                                              (8,428,271)
                                                               -----------
     Total Stockholders' Equity                                     58,559
                                                               -----------
     Total Liabilities and Stockholders' Equity                $    59,559
                                                               ===========







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                             FINITY HOLDINGS, INC.
                           STATEMENTS OF OPERATIONS
               For the Three Months Ended March 31, 2002 and 2001


                                                      2002           2001
                                                  -----------    -----------

Revenues                                                         $   606,287
Cost of operations                                $    36,321      1,453,430
                                                  -----------    -----------
     Net loss from operations                         (36,321)      (847,143)
                                                  -----------    -----------

Other income and (expense)
  Interest income                                                      5,833
  Interest expense                                                  ( 35,183)
                                                  -----------    -----------
     Net loss                                     $   (36,321)   $  (876,493)
                                                  ===========    ===========


Net basic and fully diluted loss per share:             $(.00)         $(.02)

Weighted average shares outstanding:               50,828,073     50,511,512







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                             FINITY HOLDINGS, INC.
                           STATEMENTS OF CASH FLOWS
              For the Three Months Ended March 31, 2002 and 2001


                                                      2002           2001
                                                  -----------    -----------

Cash Flows From Operating Activities
  Net loss                                        $   (36,321)   $  (876,493)
  Adjustments to reconcile net loss to
    net cash provided by operations
    Depreciation                                                      84,144
  Net change in:
    Accounts receivable                                               80,185
    Other current assets                                              31,388
    Accounts payable and accrued expenses             ( 9,000)     1,102,148
                                                  -----------    -----------
    Net cash (used in) provided by operating
      activities                                      (45,321)       421,372
                                                  -----------    -----------
Cash Flows From Investing Activities
  Transfers from restricted cash                                     200,000
  Purchase of property and equipment                                ( 77,940)
                                                                  ----------
    Net cash provided by investing activities                        122,060
                                                                  ----------
Cash Flows From Financing Activities
  Proceeds from line of credit                                       342,227
                                                  -----------    -----------

Net Change In Cash                                    (45,321)       885,659

Cash Balances
     - at Beginning of Year                            59,680      1,899,945
                                                  -----------    -----------
     - at End of Year                             $    14,359    $ 2,785,604
                                                  ===========    ===========




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                             FINITY HOLDINGS, INC.
                         NOTES TO FINANCIAL STATEMENTS


NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Finity Holdings,
Inc., a Delaware corporation 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 and notes thereto contained
in the Company's latest Annual Report filed with the SEC on Form 10-KSB.  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 for the most recent fiscal year,
2001, as reported in Form 10-KSB, have been omitted.


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                                  SIGNATURES

In accordance with Section 13 or 15(d) of the Securities and Exchange Act, the
Registrant has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.


FINITY HOLDINGS, INC.

By:  /S/ GARY K. JENNINGS
   -------------------------------
   Gary K. Jennings
   Interim President & Director


Pursuant to the requirements of the Securities Exchange Act, this report has
been signed below by the following persons on behalf of the Registrant and in
the capacities and on the dates indicated below.


                                       /S/ GARY K. JENNINGS
                                   -----------------------------------
Date: May 15, 2002                 By: Gary K. Jennings, Director