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, 2002            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
                                                        November 6, 2002



--------------------------------------------------------------------------------
                     This document is comprised of 9 pages.



                                        1
<PAGE>



PART I -FINANCIAL INFORMATION
-----------------------------
ITEM I FINANCIAL STATEMENTS
---------------------------


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

                                                                         Page
                                                                      ----------

           Condensed Consolidated Balance Sheet as of September 30,
           2002 (unaudited)...........................................     3

           Condensed Consolidated Statements of Operations for the
           Three and Nine Months Ended September 30, 2002 and 2001
           (unaudited)................................................     4

           Condensed Consolidated Statements of Cash Flows for the
           Nine Months Ended September 30, 2002 and 2001 (unaudited)..     5

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

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


                                     Part II

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

           Signatures.................................................     9























      See accompanying notes to condensed consolidated financial statements
                                        2
<PAGE>



<TABLE>
<CAPTION>
                               NICKLEBYS.COM, INC.
                             CONDENSED BALANCE SHEET
                               September 30, 2002
                                   (Unaudited)


                                     ASSETS
                                     ------
<S>                                                                  <C>
Current assets:
     Cash..........................................................  $       61,537
     Accounts receivable...........................................           9,467
     Merchandise inventories, at the lower of cost or market.......         255,845
     Prepaid expenses..............................................           2,130
                                                                     ----------------
         Total current assets......................................         328,979

Property and equipment, net........................................          19,790
Intangible assets, net.............................................           5,188
Other assets.......................................................           3,684
                                                                     ----------------
                                                                     $      357,641
                                                                     ================

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

Current liabilities:
     Accounts payable and accrued liabilities......................  $       20,689
                                                                     ----------------
         Total current liabilities.................................          20,689
                                                                     ----------------

Shareholders' equity:
     Preferred stock...............................................               -
     Common stock..................................................             291
     Additional paid-in capital....................................       5,176,119
     Outstanding common stock options..............................         106,600
     Retained deficit..............................................      (4,946,058)
                                                                     ----------------
         Total shareholders' equity................................         336,952
                                                                     ----------------
                                                                     $      357,641
                                                                     ================
</TABLE>











      See accompanying notes to condensed consolidated financial statements
                                        3
<PAGE>



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

                                   (Unaudited)


                                                            Three Months Ended                  Nine Months Ended
                                                               September 30,                      September 30,
                                                      -------------------------------    -------------------------------
                                                           2002             2001              2002             2001
                                                      --------------   --------------    --------------   --------------

<S>                                                   <C>              <C>               <C>              <C>
Sales and service revenues:                           $     83,366     $    126,552      $    437,067     $    442,284
                                                      --------------   --------------    --------------   --------------

Operating expenses:
     Cost of sales, artwork and collectables.....           40,616           89,446           295,391          278,918
     Sales and marketing.........................            3,115           34,206            10,291           75,588
     Product development.........................                -                -             1,426                -
     Depreciation and amortization...............            6,964            7,637            20,446           21,119
     General and administrative..................           66,209           45,224           208,162          288,083
                                                      --------------   --------------    --------------   --------------
        Total operating expenses.................          116,904          176,513           535,716          663,708
                                                      --------------   --------------    --------------   --------------

        Loss from operations.....................          (33,538)         (49,961)          (98,649)        (221,424)

Other income (expense):
     Interest income.............................              278            1,449             1,193            8,807
     Other income................................            1,201              224             3,054              639
     Interest expense............................                -                -              (289)             (49)
                                                      --------------   --------------    --------------   --------------
        Net loss income before income taxes......          (32,059)         (48,288)          (94,691)        (212,027)
                                                      --------------   --------------    --------------   --------------

Provision (benefit) for income taxes.............                -                -                 -                -
                                                      --------------   --------------    --------------   --------------
        Net loss.................................     $    (32,059)    $    (48,288)     $    (94,691)    $   (212,027)
                                                      ==============   ==============    ==============   ==============

Basic and diluted loss per share.................     $      (0.01)    $      (0.02)     $      (0.03)    $      (0.07)
                                                      ==============   ==============    ==============   ==============

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 STATEMENTS OF CASH FLOWS

                                   (Unaudited)


                                                                      Nine Months Ended
                                                                        September 30,
                                                               --------------------------------
                                                                    2002              2001
                                                               --------------    --------------
<S>                                                            <C>               <C>
            Net cash (used in) operating activities.......     $    (94,469)     $   (254,442)
                                                               --------------    --------------

Cash flows from investing activities:
     Facility deposits....................................                -             3,747
     Capital expenditures.................................                -           (12,159)
                                                               --------------    --------------
            Net cash (used in) investing activities.......                -            (8,412)
                                                               --------------    --------------

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

            Net change in cash............................          (95,294)         (262,854)

Cash at beginning of period...............................          156,831           443,337
                                                               --------------    --------------

            Cash at end of period.........................     $     61,537      $    180,483
                                                               ==============    ==============

Supplemental disclosures of cash flow information:
     Cash paid during the period for:
         Interest.........................................     $        289      $          -
                                                               ==============    ==============
         Income taxes.....................................     $          -      $          -
                                                               ==============    ==============
</TABLE>















      See accompanying notes to condensed consolidated financial statements
                                        5
<PAGE>






                               NICKLEBYS.COM, INC.

                     Notes to Condensed Financial Statements
                                   (Unaudited)

Note A:  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,
2001, 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 B:  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 $105,050 and
$5,740 from the officer  during the three  months ended  September  30, 2002 and
2001, respectively.

Note C:  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 three months  ended  September  30, 2002  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, 2001 and
material  changes  in our  results  of  operations  for the  nine  months  ended
September 30, 2002, as compared to the same period in 2001.  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,  2001,  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
---------------------

Nine Months Ended  September  30, 2002,  Versus Nine Months Ended  September 30,
--------------------------------------------------------------------------------
2001
----

We incurred a net loss of  $(94,691)  ($.03 per share) for the nine months ended
September 30, 2002, as compared to a net loss of $(212,027) ($.07 per share) for
the nine months ended September 30, 2001.

Sales  revenue  decreased  approximately  2%, from  $442,284 for the nine months
ended  September 30, 2001,  to $437,067 for the nine months ended  September 30,
2002  primarily  due to softness  in the  economy,  in  general,  and the retail
sector, in particular.  Our gross margin dropped 5 percent from the year earlier
period(32%  and 37% for the nine  months  ended  September  30,  2001 and  2001,
respectively)  We have,  in  isolated  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 27%, from $288,083
for the nine months ended  September  30, 2001,  to $208,162 for the nine months
ended  September 30, 2002  primarily due to office staff  reductions.  Sales and
marketing  expenses  decreased  approximately  86%,  from  $75,588  to  $10,291,
respectively,  for the nine months ended September 30, 2001 as compared with the
nine months ended September 30, 2002. Because we completed our ArtRX roll out in
2001,  we are  no  longer  incurring  those  costs.  Product  development  costs
1ncreased  approximately 100%, from $1,426 to $-0-,  respectively,  for the nine
months ended September 30, 2002 and 2001, respectively.

Interest  income  decreased by  approximately  86%,  from $8,807 during the nine
months ended  September  30, 2001 to $1,193 for the nine months ended  September
30, 2002 because we have used a  substantial  portion of the  proceeds  from our
private  funding to fund  operations.  These  proceeds  are 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
$328,979 compared with current  liabilities of $20,689 as of September 30, 2002.
However,  included in the current assets are  inventories  of artwork  totalling
$255,845 (or 78 percent of current assets). During the annual audit for 2002, we
plan to discuss the  possibility  of  classifying  a portion of our inventory to
non-current asset status, due to our low turnover ratio.

Our cash decreased by $101,075 (from $156,831 to $61,537) during the nine months
ended  September  30, 2002 as compared  with year end. We  purchased  artwork in
Italy for resale and auction totalling  approximately  $61,250. In addition, the
decrease in cash is  attributed  to  operating  losses for the nine months ended
September 30, 2002, offset by a decrease in trade receivables totalling $41,657.

During the second quarter, we noted that sales began to decline and that decline
coincides with the  sluggishness in the economy.  Since our product is generally
considered  to be a luxury item,  we were among the first to 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.


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

Item 1 -  Legal Information:
          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.   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.


                                        8
<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, 2002 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 14, 2002                           BY: /s/ Scott Thornock
       -----------------                              --------------------------
                                                      Scott Thornock
                                                      President and Treasurer






























                                        9