UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                   FORM 10-QSB
                                   -----------

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

For Quarter Ended: September 30, 2003             Commission File Number 0-33339
                   ------------------                                    -------


                               NICKLEBYS.COM, INC.
                               -------------------
             (Exact name of registrant as specified in its charter)


           COLORADO                                       84-1494708
           --------                                       ----------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)


7393 West 44th Avenue, Wheat Ridge, Colorado                         80033
--------------------------------------------                         -----
(Address of principal executive offices)                           (Zip code)

                                 (303) 425-0607
                                 --------------
              (Registrant's telephone number, including area code)


              ----------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report.)

12441 West 49th St., Suite One, Wheat Ridge, Colorado                     80033
-----------------------------------------------------                     -----

Indicate by 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  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
                                                                  -----    -----

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

Common stock,  $.0001 par value                             2,901,011
---------------------------------                -------------------------------
          Class                                  Number of shares outstanding at
                                                         November 14, 2003



--------------------------------------------------------------------------------
                     This document is comprised of 12 pages.



                                        1
<PAGE>



PART I -FINANCIAL INFORMATION
-----------------------------

ITEM I FINANCIAL STATEMENTS
---------------------------


                               NICKLSBYS.COM, INC.
                               -------------------


                                                                         Page
                                                                       --------

     Condensed Consolidated Balance Sheet as of September 30, 2003
     (unaudited) ..........................................................3

     Condensed Consolidated Statements of Operations for the Three
     and Nine Months Ended September 30, 2003 and 2002 (unaudited).........4

     Condensed Consolidated Statements of Cash Flows for the Three
     and Nine Months Ended September 30, 2003 and 2002 (unaudited).........5

     Notes to Condensed Consolidated Financial Statements (unaudited) .....6

Item 2.  Management's Discussion and Analysis or Plan of Operation ........7

Item 3.  Controls and Procedures...........................................8

                                     Part II

Items 1-6.  Other Information .............................................8

            Signatures ...................................................10

            Certifications................................................11
















      See accompanying notes to condensed consolidated financial statements

                                        2
<PAGE>



                               NICKLEBYS.COM, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEET
                               September 30, 2003
                                   (Unaudited)


                                     ASSETS
                                     ------
Current assets:
     Cash.....................................................  $        1,018
     Accounts receivable......................................               -
     Accounts receivable, related party.......................               -
     Merchandise inventories, at the lower of cost or market..          98,057
     Prepaid expenses.........................................               -
                                                                ----------------
         Total current assets.................................          99,075

Property and equipment, net...................................           8,711
Intangible assets, net........................................             506
Other assets..................................................           2,184
                                                                ----------------
                                                                $      110,476
                                                                ================

                      LIABILITIES AND SHAREHOLDERS' EQUITY
                      ------------------------------------

Current liabilities:
     Accounts payable and accrued liabilities.................  $        5,746
                                                                ----------------
         Total current liabilities............................           5,746
                                                                ----------------

Shareholders' equity:
     Preferred stock..........................................               -
     Common stock.............................................             291
     Additional paid-in capital...............................       5,160,997
     Outstanding common stock options.........................         106,600
     Retained deficit.........................................      (5,163,158)
                                                                ----------------
         Total shareholders' equity...........................         104,730
                                                                ----------------
                                                                $      110,476
                                                                ================












      See accompanying notes to condensed consolidated financial statements

                                        3
<PAGE>



<TABLE>
<CAPTION>
                               NICKLEBYS.COM, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

                                   (Unaudited)



                                                          Three Months Ended                   Nine Months Ended
                                                            September 30,                       September 30,
                                                   --------------------------------    --------------------------------
                                                        2003              2002              2003              2002
                                                   --------------    --------------    --------------    --------------

<S>                                                <C>               <C>               <C>               <C>
Sales and service revenues:                        $      28,934     $      83,366     $     222,145     $     437,067
                                                   --------------    --------------    --------------    --------------

Operating expenses:
     Cost of sales, artwork and collectables.....         52,575            40,616           224,626           295,391
     Selling and marketing expense...............              -             3,115            39,795            10,291
     Management fee paid to affiliate............          9,368                 -                 -             1,426
     Depreciation and amortization...............          2,469             6,964             7,698            20,446
     General and administrative..................          2,799            66,209           134,093           208,162
                                                   --------------    --------------    --------------    --------------
        Total operating expenses.................         67,211           116,904           406,212           535,716
                                                   --------------    --------------    --------------    --------------

        Loss from operations.....................        (38,277)          (33,538)         (184,067)          (98,649)

Other income (expense):
     Interest income.............................              0               278                94             1,193
     Other income................................         (1,165)            1,201              (289)            3,054
     Interest expense............................              -                 -                 -              (289)
                                                   --------------    --------------    --------------    --------------
        Net loss income before income taxes......        (39,441)          (32,059)         (184,261)          (94,691)
                                                   --------------    --------------    --------------    --------------

Provision (benefit) for income taxes.............              -                 -                 -                 -
                                                   --------------    --------------    --------------    --------------
        Net loss.................................  $     (39,441)    $     (32,059)    $    (184,261)    $     (94,691)
                                                   ==============    ==============    ==============    ==============

Basic and diluted loss per share.................  $       (0.01)            (0.01)    $       (0.06)    $       (0.03)
                                                   ==============    ==============    ==============    ==============
Weighted average common shares outstanding.......      2,901,011         2,901,011         2,901,011         2,901,011
                                                   ==============    ==============    ==============    ==============
</TABLE>



















      See accompanying notes to condensed consolidated financial statements

                                        4
<PAGE>



<TABLE>
<CAPTION>
                               NICKLEBYS.COM, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)


                                                                  Nine Months Ended
                                                                    September 30,
                                                           --------------------------------
                                                                2003              2002
                                                           --------------    --------------

<S>                                                        <C>               <C>
            Net cash (used in) operating activities.....   $     (50,047)    $     (94,469)
                                                           --------------    --------------

Cash flows from investing activities:
     Capital expenditures...............................               -                 -
                                                           --------------    --------------
            Net cash (used in) investing activities.....               -                 -
                                                           --------------    --------------

Cash flows from financing activities:
     Repayment of short-term debt.......................               -              (825)
                                                           --------------    --------------
            Net cash (used in) financing activities.....               -              (825)
                                                           --------------    --------------

            Net change in cash..........................         (50,047)          (95,294)

Cash at beginning of period.............................          51,065           156,831
                                                           --------------    --------------
            Cash at end of period.......................   $       1,018     $      61,537
                                                           ==============    ==============

Supplemental disclosures of cash flow information:
     Cash paid during the period for:
         Interest.......................................   $           -     $           -
                                                           ==============    ==============
         Income taxes...................................   $           -     $           -
                                                           ==============    ==============
</TABLE>

















      See accompanying notes to condensed consolidated financial statements

                                        5
<PAGE>






                               NICKLEBYS.COM, INC.
                               -------------------

              Notes to Condensed Consolidated Financial Statements
              ----------------------------------------------------
                                   (Unaudited)

Note 1: Basis of presentation
        ---------------------

The financial  statements  presented herein have been prepared by the Company in
accordance  with the  accounting  policies in its Form 10-KSB dated December 31,
2002, and should be read in conjunction with the notes thereto.

In the  opinion  of  management,  all  adjustments  (consisting  only of  normal
recurring  adjustments)  which are necessary to provide a fair  presentation  of
operating  results for the interim period  presented have been made. The results
of operations for the periods  presented are not  necessarily  indicative of the
results to be expected for the year.

Financial data presented herein are unaudited.

Note 2: Related party transactions
        --------------------------

An officer  purchases  merchandise on behalf of the Company in the normal course
of  business.  The Company  purchased  merchandise  in the amounts of $3,750 and
$105,050 from the officer  during the three months ended  September 30, 2003 and
2002, respectively.

An affiliate also  purchases  merchandise on behalf of the Company in the normal
course of business. The Company purchased merchandise in the amounts of $240 and
$-0- from the  affiliate  during the three months ended  September  30, 2003 and
2002, respectively.

Note 3: Income taxes
        ------------

The  Company  records  its  income  taxes  in  accordance  with  SFAS  No.  109,
"Accounting for Income Taxes".  The Company incurred net operating losses during
the six months ended September 30, 2003 resulting in a deferred tax asset, which
was fully allowed for;  therefore,  the net benefit and expense resulted in $-0-
income taxes.





















                                        6
<PAGE>


Item 2: MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
--------------------------------------------------------------------------------
OF OPERATIONS
-------------

The following  discussion and analysis covers material  changes in the financial
condition of Nicklebys.com, Inc. ("Company" or "us") since December 31, 2002 and
material  changes  in our  results  of  operations  for the  nine  months  ended
September 30, 2003, as compared to the same period in 2002.  This discussion and
analysis  should  be read  in  conjunction  with  "Management's  Discussion  and
Analysis"  included in the  Company's  Annual Report on Form 10K-SB for the year
ended  December 31,  2002,  including  audited  financial  statements  contained
therein, as filed with the Securities and Exchange Commission.

Special note regarding forward-looking statements
-------------------------------------------------

     "Safe Harbor" statement under the Private Securities  Litigation Reform Act
of  1995:   Certain   statements  in  this  report,   including   statements  of
Nicklebys.com,  Inc.  ("Nicklebys") and management's  expectations,  intentions,
plans and beliefs,  including  those  contained  in or implied by  "Management's
Discussion and Analysis of Financial  Condition and Results of  Operations"  and
the   Notes   to   Condensed   Consolidated   Financial   Statements,    contain
forward-looking  statements relating to the expected  capabilities of Nicklebys,
as defined in  Section  21D of the  Securities  Exchange  Act of 1934,  that are
dependent on certain events, risks and uncertainties that are outside Nicklebys'
and/or management's control. Such forward-looking statements include expressions
of belief,  expectation,  contemplation,  estimation and other  expressions  not
relating to historical facts and circumstances.

These   forward-looking   statements   are   subject  to   numerous   risks  and
uncertainties, including the risk that (i) other companies will develop products
and services perceived to be superior than the present and proposed products and
services  of  Nicklebys;  (ii) the  products  and  services  may not be marketed
effectively by Nicklebys;  (iii) potential customers may find other products and
services more  suitable for the  applications  marketed by  Nicklebys;  (iv) the
future outcome of regulatory and litigation  matters are not  determinable;  (v)
the  assumptions  described  in  this  report  underlying  such  forward-looking
statements  as well as other risks that may cause such  statements  not to prove
accurate.  Any projections or estimates  herein made assume certain economic and
industry  conditions  and  parameters  subject to change.  Any  opinions  and/or
projections  expressed  herein are solely those of Nicklebys  and are subject to
change without notice.  Actual results and developments  could differ materially
from those expressed in or implied by such statements due to a number of factors
including those described in the context of such forward-looking statements.

Results of Operations
---------------------

Three Months Ended  September 30, 2003,  Versus Three Months Ended September 30,
--------------------------------------------------------------------------------
2002
----

We have been unable to meet the  objectives of our business plan to sell artwork
and collectibles via the Internet for the following  reasons,  among others; (1)
undercapitalization,  (2) failure to penetrate the Internet market, (3) industry
conditions,  and (4) general economic  conditions.  Our cash balance is very low
and we are  selling  product at below  cost.  During  the  quarter to which this
report relates,  we restructured  our operations to address our present economic
reality.  In August 2003, our Board of Directors approved a restructuring  plan.
By following this plan, we have drastically reduced expenses,  terminated all of
our employees and engaged a related entity,  Company Estate Traders, LLC ("CET")
to  manage  our  affairs.  We pay  CET a  commission  of 30%  on  all  sales  as
reimbursement for management services.

We incurred a net loss of $(39,442)  ($.01 per share) for the three months ended
September 30, 2003, as compared to a net loss of $(32,059)  ($.01 per share) for




                                        7
<PAGE>






the three months ended September 30, 2002 primarily because of the following:

     1.   Sales  revenue  decreased  from  $83,366  for the three  months  ended
          September  30, 2002,  to $28,934 for the three months ended  September
          30,  2003  primarily  due to the lack of demand for our  inventory  of
          artwork and collectibles and our own curtailed  operations.  Our gross
          margin  dropped 133 percent from the year earlier period (-82% and 51%
          for the three months ended September 30, 2003 and 2002, respectively).
          In some cases, we are selling  merchandise at below cost. We expect to
          continue to sell certain  products at below coast for the  foreseeable
          future.

     2.   General and  administrative  expenses  decreased  from $66,209 for the
          three months ended June 30, 2002, to $2,799 for the three months ended
          September 30, 2003  primarily due to the cost reduction plan resulting
          from the restructuring of our operations.

     3.   Sales and  marketing  expenses  decreased  from $3,115 to $-0- for the
          three  months  ended June 30, 2002 as compared  with the three  months
          ended  September  30, 2003.  We currently  pay CET a sales  commission
          which we classify as  management  fees in the  accompanying  condensed
          financial statements.

Financial Condition and Liquidity
---------------------------------

Operations are the source of our liquidity.  However,  due to operating  losses,
our cash balance has decreased  from $51,065 to $1,018 since  year-end.  We have
current  assets of $99,075  compared  with current  liabilities  of $5,746 as of
September 30, 2003.  However,  included in the current assets are inventories of
artwork and collectibles totalling $98,057 (or 98 percent of current assets). We
are no longer  purchasing  inventory and we plan to reduce the carrying value of
our inventory to net  realizable  value  (defined here as current  market) as of
December 31,  2003,  the date of our annual  physical  inventory  count.  We are
current on our  obligations  as of September  30, 2003. We have no plans to file
bankruptcy  or close our  doors.  However,  we are  currently  studying  several
alternative courses of action.

Item 3. Controls and Procedures
        -----------------------

     Evaluation of disclosure controls and procedures
     ------------------------------------------------

     We maintain  controls and  procedures  designed to ensure that  information
     required to be  disclosed  in the reports  that we file or submit under the
     Securities  Exchange Act of 1934 is  recorded,  processed,  summarized  and
     reported  within the time  periods  specified in the rules and forms of the
     Securities and Exchange  Commission.  Based upon their  evaluation of those
     controls and procedures performed within 90 days of the filing date of this
     report,  our chief executive  officer and the principal  financial  officer
     concluded that our disclosure controls and procedures were adequate.

     Changes in internal controls
     ----------------------------

     There were no  significant  changes in our  internal  controls  or in other
     factors that could  significantly  affect these controls  subsequent to the
     date of the evaluation of those controls by the chief executive officer and
     principal financial officer.


Part 2. Other Information
------- -----------------

Item 1 - Legal Information:



                                        8
<PAGE>






     No response required.

Item 2 - Changes in Securities:

     No response required.

Item 3 - Defaults Upon Senior Securities:

     No response required.

Item 4 - Submission of Matters to a Vote of Security Holders:

     No response required.

Item 5 - Other information:

     No response required.

Item 6 - Exhibits and Reports on Form 8-K

     (a). Exhibits:

          1.   31.1:  Certifications  Pursuant  to 18  U.S.C.  Section  1350  as
               Adopted Pursuant to Section 302 of the Sarbanes-oxley Act of 2002
               - CEO
          2.   31.2:  Certifications  Pursuant  to 18  U.S.C.  Section  1350  as
               Adopted Pursuant to Section 302 of the Sarbanes-oxley Act of 2002
               - CFO
          3.   32.1:  Certification  Pursuant  to 18  U.S.C.  Section  1350,  as
               adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
               - CEO
          4.   32.2:  Certification  Pursuant  to 18  U.S.C.  Section  1350,  as
               adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
               - CFO

     (b). We did not file any  reports on Form 8-K during the period  covered by
          this report.
































                                        9
<PAGE>


















SIGNATURES
----------


The  financial   information  furnished  herein  has  not  been  audited  by  an
independent accountant;  however, in the opinion of management,  all adjustments
(only consisting of normal recurring accruals) necessary for a fair presentation
of the results of operations for the three months ended  September 30, 2003 have
been included.

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







                                                  NICKLEBYS.COM, INC.
                                                 (Registrant)


DATE:    November 25, 2003                        BY: /s/ Scott Thornock
         -----------------                           ------------------------
                                                     Scott Thornock
                                                     President and Treasurer


















                                       10