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: June 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
incorporation or organization)                               Identification No.)


12441 West 49th St., Suite One, 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.)

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 August 12, 2003



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



                                        1
<PAGE>




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

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



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

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

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

            Condensed Consolidated Statements of Cash Flows
            for the Three and Six Months Ended June 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>



<TABLE>
<CAPTION>
                               NICKLEBYS.COM, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEET
                      ------------------------------------

                                   (Unaudited)


                                     ASSETS
                                     ------
<S>                                                                     <C>
Current assets:
     Cash...........................................................    $        9,900
     Accounts receivable............................................               200
     Accounts receivable, related party.............................                 -
     Merchandise inventories, at the lower of cost or market........           130,888
     Prepaid expenses...............................................             3,483
                                                                        ----------------
         Total current assets.......................................           144,471

Property and equipment, net.........................................            12,784
Intangible assets, net..............................................               675
Other assets........................................................             2,184
                                                                        ----------------
                                                                        $      160,114
                                                                        ================

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

Current liabilities:
     Accounts payable and accrued liabilities.......................    $       12,644
                                                                        ----------------
         Total current liabilities..................................            12,644
                                                                        ----------------

Shareholders' equity:
     Preferred stock................................................                 -
     Common stock...................................................               291
     Additional paid-in capital.....................................         5,160,210
     Outstanding common stock options...............................           106,600
     Retained deficit...............................................        (5,119,631)
                                                                        ----------------
         Total shareholders' equity.................................           147,470
                                                                        ----------------
                                                                        $      160,114
                                                                        ================
</TABLE>












      See accompanying notes to condensed consolidated financial statements

                                        3
<PAGE>



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

                                   (Unaudited)


                                                               Three Months Ended                      Six Months Ended
                                                                    June 30,                               June 30,
                                                       -----------------------------------    -----------------------------------
                                                             2003               2002                2003               2002
                                                       ----------------   ----------------    ----------------   ----------------

<S>                                                    <C>                <C>                 <C>                <C>
Sales and service revenues:                            $       60,222     $      188,365      $      193,211     $      353,701
                                                       ----------------   ----------------    ----------------   ----------------

Operating expenses:
     Cost of sales, artwork and collectables.......            58,141            144,633             172,051            254,775
     Sales and marketing...........................            11,591                  -              30,427              7,176
     Product development...........................             1,129              1,541               2,343              2,733
     Depreciation and amortization.................             2,622              6,758               5,229             13,482
     General and administrative....................            55,708             64,798             128,951            140,646
                                                       ----------------   ----------------    ----------------   ----------------
        Total operating expenses...................           129,191            217,730             339,001            418,812
                                                       ----------------   ----------------    ----------------   ----------------

        Loss from operations.......................           (68,969)           (29,365)           (145,790)           (65,111)

Other income (expense):
     Interest income...............................                 0                342                  94                915
     Other income..................................                13              1,799                 876              1,853
     Interest expense..............................                 -                  -                   -               (289)
                                                       ----------------   ----------------    ----------------   ----------------
        Net loss income before income taxes........           (68,956)           (27,224)           (144,820)           (62,632)
                                                       ----------------   ----------------    ----------------   ----------------

Provision (benefit) for income taxes...............                 -                  -                   -                  -
                                                       ----------------   ----------------    ----------------   ----------------
        Net loss...................................    $      (68,956)    $      (27,224)     $     (144,820)    $      (62,632)
                                                       ================   ================    ================   ================

Basic and diluted loss per share...................    $        (0.02)    $        (0.01)     $        (0.05)    $        (0.02)
                                                       ================   ================    ================   ================

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)


                                                                                  Six Months Ended
                                                                                      June 30,
                                                                        ------------------------------------
                                                                              2003                2002
                                                                        ----------------    ----------------

<S>                                                                     <C>                 <C>
            Net cash (used in) operating activities.............        $      (40,595)     $     (100,250)
                                                                        ----------------    ----------------

Cash flows from investing activities:
     Capital expenditures.......................................                  (570)                  -
                                                                        ----------------    ----------------
            Net cash (used in) investing activities.............                  (570)                  -
                                                                        ----------------    ----------------

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

            Net change in cash..................................               (41,165)           (101,075)

Cash at beginning of period.....................................                51,065             156,831
                                                                        ----------------    ----------------
            Cash at end of period...............................        $        9,900      $       55,756
                                                                        ================    ================

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 $2,222 and
$45,380  from the officer  during the three months ended June 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 June 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 three months ended June
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
-------------------------------------------------

This report contains  forward-looking  statements  within the meaning of federal
securities   laws.   These   statements  plan  for  or  anticipate  the  future.
Forward-looking  statements  include  statements about our future business plans
and strategies,  statements about our need for working capital, future revenues,
results of  operations  and most other  statements  that are not  historical  in
nature. In this Report,  forward-looking  statements are generally identified by
the words  "intend",  "plan",  "believe",  "expect",  "estimate",  and the like.
Investors are cautioned not to put undue reliance on forward-looking statements.
Except as otherwise  required by applicable  securities  statues or regulations,
the  Company  disclaims  any  intent  or  obligation  to update  publicly  these
forward-looking  statements,  whether  as a result  of new  information,  future
events or otherwise. Because forward-looking statements involve future risks and
uncertainties,  these are  factors  that could  cause  actual  results to differ
materially from those expressed or implied.

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

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

We incurred a net loss of $(68,956)  ($.02 per share) for the three months ended
June 30, 2003,  as compared to a net loss of $(27,224)  ($.01 per share) for the
three months ended June 30, 2002.

Sales revenue  decreased from $188,365 for the three months ended June 30, 2002,
to $60,222 for the three months ended June 30, 2003 primarily due to downturn in
the economy, in general, and the retail sector, in particular.  Our gross margin
dropped  17  percent  from the year  earlier  period  (31% and 14% for the three
months  ended June 30,  2002 and 2003,  respectively)  We have,  in many  cases,
reduced our minimum bid price on internet auctions, which has contributed to the
decrease in our gross margin.  We expect to report weak sales until such time as
general economic trends improve.

General and administrative  expenses  decreased  approximately 14%, from $64,798
for the three months ended June 30, 2002,  to $55,708 for the three months ended
June 30, 2003 primarily due to staff  reductions.  Sales and marketing  expenses
increased approximately 100% from $-0- to $11,591,  respectively,  for the three
months  ended June 30, 2002 as  compared  with the three  months  ended June 30,
2003. We attended a trade show during the quarter  ended June 30, 2003.  Product
development   costs  decreased   approximately   27%,  from  $1,541  to  $1,129,
respectively, for the three months ended June 30, 2003 and 2002, respectively.

Interest  income  decreased by  approximately  100%,  from $342 during the three
months  ended June 30,  2002 to $-0- for the three  months  ended June 30,  2003
because  we have  used all of the  proceeds  from our  private  funding  to fund
operations. These proceeds were held in an interest bearing account.





                                        7
<PAGE>






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

The source of our  liquidity is from sales  revenue.  We have current  assets of
$144,471  compared  with  current  liabilities  of $12,643 as of June 30,  2003.
However,  included in the current assets are  inventories  of artwork  totalling
$130,888 (or 82 percent of current assets).

Our cash  decreased by $41,165 (from $51,065 to $9,900)  during the three months
ended June 30, 2003 as compared  with year end. We are reducing our unit markups
due to the current economic downturn.

During  the first  quarter,  we noted that sales  continue  to decline  and that
decline  coincides with the  sluggishness  in the economy.  Since our product is
generally  considered  to be a luxury item,  we strongly feel the effects of the
most recent economic downturn. However, as the economy rebounds and strengthens,
we expect our sales to increase.

Our  strategy  in the near  future is to focus on  strategic  alliances  through
personal contact with other industry retailers. We will continue to decrease our
media  advertising.  We believe  that our future  success  will be the result of
increasing our market share by continuing to increase  online  presence  through
alliances such the one we have with e-Bay and maintaining our continued emphasis
on premiere customer service and a strong product line.

Planned changes to operations
-----------------------------

The Board of  Directors  has  approved  a plan  whereby  we will be managed by a
related entity, Company Estate Traders, LLC ("CET").  Effective August 15, 2003,
CET will  manage  our  daily  activities,  including,  but  limited  to,  sales,
collections, customer service and related matters. In addition, CET will pay all
expenses on behalf of the Company.  We will pay CET a  commission  of 30% on all
sales as reimbursement for management services.


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:
          No response required.




                                        8
<PAGE>




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.   99.1:  Certification  Pursuant to 18 U.S.C. Section 1350, as
                    adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                    2002 - CEO
               2.   99.2:  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 June 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:    August 11, 2003                             BY: /s/ Scott Thornock
         ---------------                                 -----------------------
                                                         Scott Thornock
                                                         President and Treasurer































                                       10
<PAGE>






CERTIFICATION
-------------

I, Scott Thornock, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Nicklebys.com, Inc.

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) Designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the period in which  this  quarterly  report is being
     prepared;

     b) Evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     quarterly report (the "Evaluation Date"); and

     c)  Presented  in  this  quarterly   report  our   conclusions   about  the
     effectiveness  of the  disclosure  controls  and  procedures  based  on our
     evaluation as of the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
our most recent evaluation, to the registrant's auditors and the audit committee
of  registrant's  board of  directors  (or  persons  performing  the  equivalent
functions):

     a) All  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) Any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date: August 11, 2003


/s/ Scott Thornock
-----------------------
Scott Thornock
President and Treasurer




                                       11
<PAGE>






CERTIFICATION
-------------

I, Bruce Capra, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Nicklebys.com, Inc.

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) Designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the period in which  this  quarterly  report is being
     prepared;

     b) Evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     quarterly report (the "Evaluation Date"); and

     c)  Presented  in  this  quarterly   report  our   conclusions   about  the
     effectiveness  of the  disclosure  controls  and  procedures  based  on our
     evaluation as of the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
our most recent evaluation, to the registrant's auditors and the audit committee
of  registrant's  board of  directors  (or  persons  performing  the  equivalent
functions):

     a) All  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) Any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date: August 11, 2003


/s/ Bruce Capra
-----------------------
Bruce Capra
Chief Financial Officer




                                       12