================================================================================

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            -------------------------

                                   FORM 10-QSB

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

                  For the quarterly period ended March 31, 2005

|_|   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

                         Commission File Number: 0-21419

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

            Delaware                                         23-2753988
            --------                                         ----------
            (State or Other Jurisdiction                     (I.R.S. Employer
            of Incorporation or Organization)                Identification No.)

                         990 Stewart Avenue, First Floor
                           Garden City, New York 11530
                           ---------------------------
                    (Address of Principal Executive Offices)

                                 (516) 794-8950
                                 --------------
                (Issuer's Telephone Number, Including Area Code)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the last 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 |_|

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date. As of May 11, 2005,  9,929,056 shares
of common stock of the issuer were outstanding.

Transitional small business disclosure format (check one):  Yes |_|  No |X|

                      ------------------------------------


                                       1
<PAGE>

                             CLICKNSETTLE.COM, INC.
                                      INDEX

PART I.  FINANCIAL INFORMATION                                              Page
                                                                            ----

ITEM 1.  FINANCIAL STATEMENTS

             Consolidated Balance Sheets at
              March 31, 2005 (unaudited)
              and June 30, 2004                                                3

             Consolidated Statements of Operations
              for the three and nine month periods ended
              March 31, 2005 and 2004 (unaudited)                              4

             Consolidated Statements of Changes in
              Stockholders' Equity and Comprehensive
              Loss for the nine month periods ended
              March 31, 2005 and 2004 (unaudited)                              5

             Consolidated Statements of Cash Flows
              for the nine month periods ended
              March 31, 2005 and 2004 (unaudited)                              6

             Notes to Consolidated Financial Statements                        7

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
             FINANCIAL CONDITION AND RESULTS OF
             OPERATIONS                                                       13

ITEM 3.  CONTROLS AND PROCEDURES                                              19

PART II. OTHER INFORMATION

             Item 4.  Submission of Matters to a Vote of Security Holders     20

             Item 6.  Exhibits and Reports on Form 8-K                        21

             Signatures                                                       23


                                       2
<PAGE>

                     clickNsettle.com, Inc. and Subsidiaries
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                             March 31,            June 30,
                                                                               2005                 2004
                                                                          ----------------    -----------------
                                                                                                (derived from
                                                                                              audited financial
                                  ASSETS                                                         statements)
<S>                                                                       <C>                 <C>
CURRENT ASSETS
  Cash and cash equivalents                                               $        840,171    $         730,869
  Certificates of deposit                                                               --              300,000
  Marketable securities                                                                 --              237,191
  Prepaid expenses and other current assets                                         42,038               24,312
  Current assets of discontinued operations                                             --              363,928
                                                                          ----------------    -----------------

     Total current assets                                                          882,209            1,656,300

NONCURRENT ASSETS OF DISCONTINUED OPERATIONS                                            --               49,726
                                                                          ----------------    -----------------

                                                                          $        882,209    $       1,706,026
                                                                          ================    =================

                   LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts payable                                                        $          3,660    $          12,728
  Amount due to buyer of discontinued operations                                   617,954
  Accrued expenses and other liabilities                                            86,549               87,928
  Current liabilities of discontinued operations                                        --              641,790
                                                                          ----------------    -----------------

     Total current liabilities                                                     708,163              742,446

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY
  Common stock - $.001 par value; 25,000,000 shares authorized;
    9,301,554 and 8,701,554 shares issued and outstanding, respectively              9,302                8,702
  Additional paid-in capital                                                    10,128,721           10,104,325
  Accumulated deficit                                                           (9,880,059)          (9,116,951)
  Accumulated other comprehensive income                                                --               51,422
  Less common stock in treasury at cost,  252,498 shares                           (83,918)             (83,918)
                                                                          ----------------    -----------------

     Total stockholders' equity                                                    174,046              963,580
                                                                          ----------------    -----------------

                                                                          $        882,209    $       1,706,026
                                                                          ================    =================
</TABLE>

The accompanying notes are an integral part of these statements.


                                     3
<PAGE>

                     clickNsettle.com, Inc. and Subsidiaries
                CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

<TABLE>
<CAPTION>
                                                             Three months ended March 31,     Nine Months ended March 31,
                                                                2005             2004            2005            2004
                                                             -----------      -----------     -----------     -----------
<S>                                                          <C>              <C>             <C>             <C>
Net revenues                                                 $        --      $        --     $        --     $        --

General and administrative expenses                               47,476           65,762         180,807         212,108
                                                             -----------      -----------     -----------     -----------

      Loss from operations                                       (47,476)         (65,762)       (180,807)       (212,108)

Investment income (loss)                                             987           (8,423)         51,390          52,056

                                                             -----------      -----------     -----------     -----------
      Loss from continuing operations before income taxes        (46,489)         (74,185)       (129,417)       (160,052)

Income taxes                                                          --               --              --              --
                                                             -----------      -----------     -----------     -----------

      Loss from continuing operations                        $   (46,489)     $   (74,185)    $  (129,417)    $  (160,052)

Discontinued operations
      Loss from operations of discontinued business,
         including loss on disposal                             (477,048)        (137,917)       (633,691)       (402,406)
      Income taxes                                                    --               --              --              --
                                                             -----------      -----------     -----------     -----------

      Loss on discontinued operations                           (477,048)        (137,917)       (633,691)       (402,406)

                 NET LOSS                                    $  (523,537)     $  (212,102)    $  (763,108)    $  (562,458)
                                                             ===========      ===========     ===========     ===========

Net loss per common share - basic and diluted
      From continuing operations                             $     (0.01)     $     (0.01)    $     (0.02)    $     (0.02)
      From discontinued operations, net of income taxes            (0.05)           (0.02)          (0.07)          (0.05)
                                                             -----------      -----------     -----------     -----------
                 NET LOSS                                    $     (0.06)     $     (0.03)    $     (0.09)    $     (0.07)
                                                             ===========      ===========     ===========     ===========

Weighted-average shares outstanding - basic and diluted        8,969,056        8,449,056       8,619,859       8,449,056
                                                             ===========      ===========     ===========     ===========
</TABLE>

The accompanying notes are an integral part of these statements.


                                        4
<PAGE>

<TABLE>
<CAPTION>

                     clickNsettle.com, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY AND COMPREHENSIVE LOSS
              Nine months ended March 31, 2005 and 2004 (unaudited)

                                                                                   Accumulated
                                        Common stock     Additional                   other       Common        Total      Compre-
                                        ------------      paid-in    Accumulated  comprehensive  stock in   stockholders'  hensive
                                     Shares     Amount    capital      deficit    income (loss)  treasury      equity       loss
                                     ----------------------------------------------------------------------------------------------
<S>                                  <C>        <C>     <C>          <C>               <C>        <C>         <C>
Balances at June 30, 2003            1,450,259  $1,450  $10,111,577  ($8,394,247)      $ 43,960   ($83,918)   $1,678,822
Six-for-one forward stock split
 effectuated  on December 22, 2003   7,251,295   7,252       (7,252)
                                     -----------------------------------------------------------------------------------
                                     8,701,554   8,702   10,104,325   (8,394,247)        43,960    (83,918)    1,678,822
Net loss                                                                (562,458)                               (562,458) $(562,458)
Change in unrealized gain (loss)
 on marketable securities                                                                20,912                   20,912     20,912
                                                                                                                          ---------

Comprehensive loss                                                                                                        $(541,546)
                                                                                                                          =========

                                     -----------------------------------------------------------------------------------
Balances at March 31, 2004           8,701,554   8,702   10,104,325   (8,956,705)        64,872    (83,918)    1,137,276
                                     ===================================================================================


Balances at June 30, 2004            8,701,554   8,702   10,104,325   (9,116,951)        51,422    (83,918)      963,580

Exercise of stock options              600,000     600       24,396                                               24,996
Net loss                                                                (763,108)                               (763,108) $(763,108)
Change in unrealized gain (loss) on
  marketable securities                                                                 (51,422)                 (51,422)   (51,422)
                                                                                                                          ---------

Comprehensive loss                                                                                                        $(814,530)
                                                                                                                          =========

                                     -----------------------------------------------------------------------------------
Balances at March 31, 2005           9,301,554   9,302   10,128,721   (9,880,059)            --    (83,918)      174,046
                                     ===================================================================================
</TABLE>

The accompanying notes are an integral part of these statements.


                                        5
<PAGE>

                     clickNsettle.com, Inc. and Subsidiaries
                CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
                           Nine months ended March 31,
<TABLE>
<CAPTION>
                                                                                                      2005           2004
                                                                                                   -----------    -----------
<S>                                                                                                <C>            <C>
Cash flows from operating activities
   Net loss                                                                                        $  (763,108)   $  (562,458)
   Adjustments to reconcile net loss to net cash used in operating
    activities
      (Decrease) increase in assets and liabilities of discontinued operations                        (228,136)        22,390
      (Gain) on sales of marketable securities                                                         (45,701)       (43,756)
      Changes in operating assets and liabilities
         (Increase) in prepaid expenses and other current assets                                       (17,726)        (8,906)
         Increase in amount due to buyer of discontinued operations                                    617,954
         (Decrease) increase in accounts payable, accrued expenses and other liabilities               (10,447)        28,798
                                                                                                   -----------    -----------
      Net cash used in operating activities                                                           (447,164)      (563,932)
                                                                                                   -----------    -----------

Cash flows from investing activities
   Purchases of marketable securities                                                                       --     (1,128,314)
   Proceeds from sales of marketable securities and maturity of certificates of deposit                531,470      1,067,239
   Net cash used in investing activities of discontinued operations                                         --        (11,602)
                                                                                                   -----------    -----------
       Net cash provided by (used in) investing activities                                             531,470        (72,677)
                                                                                                   -----------    -----------

Cash flows from financing activities
   Proceeds from exercise of stock options                                                              24,996
                                                                                                   -----------    -----------
       Net cash provided by financing activities                                                        24,996
                                                                                                   -----------    -----------

       NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                            109,302       (636,609)

Cash and cash equivalents at beginning of period                                                       730,869      1,798,786

                                                                                                   -----------    -----------
Cash and cash equivalents at end of period                                                         $   840,171    $ 1,162,177
                                                                                                   ===========    ===========

Non-cash investing and financing activities:
       Net assets sold                                                                             $   419,768    $        --
</TABLE>

The accompanying notes are an integral part of these statements.


                                       6
<PAGE>

                     CLICKNSETTLE.COM, INC. and SUBSIDIARIES

                   Notes to Consolidated Financial Statements
                        Nine months ended March 31, 2005
                                   (Unaudited)

1.  The  consolidated  balance  sheet  as of  March  31,  2005  and the  related
consolidated statements of operations for the three and nine month periods ended
March 31, 2005 and 2004 have been prepared by clickNsettle.com,  Inc., including
the accounts of its wholly-owned subsidiaries. In the opinion of management, all
adjustments  necessary to present fairly the financial  position as of March 31,
2005 and for all periods presented,  consisting of normal recurring adjustments,
have been made. Results of operations for the three and nine month periods ended
March 31, 2005 are not necessarily  indicative of the operating results expected
for the full year.

These consolidated  financial  statements should be read in conjunction with the
consolidated  financial statements and notes thereto for the year ended June 30,
2004 included in the  Company's  Annual  Report on Form 10-KSB.  The  accounting
policies used in preparing these consolidated  financial statements are the same
as those described in the June 30, 2004 consolidated financial statements.

As a result of continued  losses,  the use of significant cash in operations and
the  uncertainty  as to the  Company's  ability  to effect a merger or a similar
transaction with the intent to acquire a different  operating business (see Note
2),  there is  substantial  doubt about the  Company's  ability to continue as a
going concern. The Company's  independent auditors have included a going concern
paragraph in their report on the June 30, 2004 consolidated financial statements
which have been prepared  assuming the Company will continue as a going concern.
Accordingly,  the accompanying  consolidated financial statements do not include
any  adjustments  that may result  should the Company be unable to continue as a
going concern.

2.  In  July  2004,  the  Board  of  Directors   decided  to  explore  strategic
alternatives  for the Company in an effort to protect  shareholder  value.  As a
result  of the  numerous  scandals  in  recent  years  and  the  passing  of the
Sarbanes-Oxley Act of 2002 to safeguard  shareholders,  micro-cap companies such
as the  Company  are faced  with  mounting  legal and audit fees to meet the new
compliance  requirements  now needed to remain as a publicly  traded entity.  In
addition  to  being  expensive  in terms of  out-of-pocket  expenditures,  these
requirements  are costly in that they are  time-consuming  and place a strain on
the Company's limited personnel resources.

On October 18,  2004,  the Company  entered  into a  definitive  asset  purchase
agreement  (the  "Asset  Purchase  Agreement")  with  National  Arbitration  and
Mediation,  Inc. (the "Buyer"),  a company  affiliated  with the Company's Chief
Executive Officer,  Roy Israel.  Pursuant to the Asset Purchase  Agreement,  the
Buyer acquired the assets of the Company's dispute resolution business (the "ADR
business").  In  consideration,   the  Buyer  assumed  all  current  and  future
liabilities and commitments of the ADR business.  Furthermore, Mr. Israel agreed
not to trigger his change-in-control  provision under his employment contract as
a  result  of the  Buyer  acquiring  the ADR  business.  If such  provision  was
triggered upon the sale or  liquidation  of the ADR business,  the Company would
have  owed  Mr.  Israel,  in  one  lump  sum,  approximately  $1,015,000,  which
represented  three times his then current base salary.  Additionally,  the Asset
Purchase  Agreement  provided  that a minimum of  $200,000 in cash was to remain
with the Company  before giving affect to  transaction  costs. A portion of this
cash has been utilized by the Company to pay for the costs  associated  with the
sale of the ADR business and the balance


                                       7
<PAGE>

will be used for continued  public  reporting  obligations  and  potentially  to
acquire a new operating business or enter into a business combination.

The Board of Directors  received an opinion,  dated  October 15,  2004,  from an
unrelated party, Capitalink, L.C., that, as of that date, based upon and subject
to the assumptions made, matters considered and limitations on its review as set
forth in the opinion, the purchase consideration is fair, from a financial point
of view, to the Company's unaffiliated stockholders.

On January  13,  2005,  at the annual  meeting of  shareholders,  the  Company's
shareholders  approved  the  transaction.  Immediately  thereafter,  the Company
completed  the sale of the ADR  business.  In  connection  therewith,  the Buyer
assumed the current and future  commitments  of the Company.  Specifically,  the
Company has been  released from its lease  agreements  for office space in Great
Neck  and  Brooklyn,  New  York and  from  its  employment  agreements  with its
President and Chief Financial  Officer.  Additionally,  the Buyer has guaranteed
the  payments  due on the  remainder of the  Company's  automobile  lease (which
approximated $22,000 in total as of January 13, 2005). The Buyer has assumed the
remaining  payments  due on the lease of a  postage  meter  (which  approximated
$2,000 in total as of January 13,  2005) until such time as the lessor  issues a
release  of  liability  to the  Company.  Furthermore,  in  accordance  with the
Company's  stock option plan, all  outstanding  unvested  employee stock options
vested as of the date of the sale of the ADR  business.  As the  Company did not
retain any employees  subsequent  to the sale, a total of 3,485,400  unexercised
employee stock options expired at the close of business on April 13, 2005.

The loss from  discontinued  operations,  including  the loss on disposal of the
discontinued operations,  for the three and nine months ended March 31, 2005 and
2004 include the following:

                                                Three months ended March 31,
                                                ----------------------------
                                                   2005               2004
                                                ---------          ---------
Loss from disposal:
      Loss on sale                              ($419,768)                --
      Transaction costs of sale                    (5,156)                --
                                                ---------
           Loss from disposal                   ($424,924)                --
Loss from operations of discontinued business     (52,124)         ($137,917)
                                                ---------          ---------
   Loss from discontinued operations            ($477,048)         ($137,917)
                                                ---------          ---------

                                                Nine months ended March 31,
                                                ---------------------------
                                                   2005               2004
                                                ---------          ---------
Loss from disposal:
      Loss on sale                              ($419,768)                --
      Transaction costs of sale                  (111,526)                --
                                                ---------
           Loss from disposal                   ($531,294)                --
Loss from operations of discontinued business    (102,397)         ($402,406)
                                                ---------          ---------
   Loss from discontinued operations            ($633,691)         ($402,406)
                                                ---------          ---------

The loss on the sale was calculated as follows:
                Book value of liabilities assumed            $ 667,438
                Book value of assets sold                   (1,087,206)
                                                            ----------
                               Loss on transaction           $ 419,768
                                                            ----------

                                       8
<PAGE>

Pursuant to the Asset Purchase Agreement,  the cash that remained in the Company
was  increased to the extent of 60% of the excess of the  Remaining  Net Capital
before  Commitments  (as  defined)  over  $380,462 as of the closing  date.  The
Remaining Net Capital Before Commitments was calculated as the fair market value
of the assets purchased less the following: (a) recorded liabilities assumed and
(b) $96,371 (that is,  $200,000 in cash to remain with the Company less payments
of $103,629 already made through January 13, 2005 for certain of the transaction
costs). As of January 13, 2005, the Remaining Net Capital before Commitments was
$643,728.  Therefore,  $263,266 represents the amount in excess of $380,462; 60%
of which, or $157,960 is additional cash to remain in the Company. Therefore, as
of January 13,  2005,  the total cash to be retained by the Company was $254,331
before unpaid transaction costs, taxes, other payables and accrued  liabilities.
Although  the  liabilities  and assets other than cash were  transferred  to the
Buyer as of January 13, 2005, the cash balances have yet to be transferred as of
March 31, 2005. As a result, the accompanying  balance sheet shows cash and cash
equivalents  of  $840,171.  However,  as of March 31,  2005,  the  Company has a
balance due to the Buyer in the amount of $617,954.  Such balance is expected to
be  substantially  transferred  before June 30, 2005,  the end of the  Company's
fiscal year.

The costs of the  transaction,  which  have been paid by the  Company,  included
legal,  accounting,  tax advice and the cost of the fairness opinion. During the
three months and nine months ended March 31, 2005, the Company  incurred  $5,156
and  $111,526,  respectively,  of such costs,  which are included in the loss on
sale of discontinued operations on the accompanying statement of operations.  At
March 31, 2005, all such amounts have been paid.

Since the  consummation  of the sale,  the  Company has no  operating  business.
Currently,  the Company is actively  searching for a new  operating  business to
acquire or to enter into a business combination. There can be no assurances that
an  operating  entity will be acquired  or that a business  combination  will be
consummated.

The prior period financial statements have been reclassified to show the assets,
liabilities  and  results of  operations  of the ADR  business  for all  periods
presented as discontinued operations.

3.  Basic earnings per share are based on the weighted  average number of common
shares  outstanding  without  consideration of potential  common stock.  Diluted
earnings  per  share  are based on the  weighted-average  number  of common  and
potential  common shares  outstanding.  The  calculation  takes into account the
shares that may be issued upon exercise of stock  options and warrants,  reduced
by the shares that may be repurchased with the funds received from the exercise,
based on the average price during the period.  Diluted earnings per share is the
same as basic  earnings per share as potential  common  shares of 5,322,888  and
5,750,288 at March 31, 2005 and 2004, respectively, would be antidilutive as the
Company incurred net losses for the three and nine month periods ended March 31,
2005 and 2004.

4.  On March 12, 2004,  the Company  extended its March 1998  purchase plan (the
"Plan"),  pursuant to which the number of shares of common  stock of the Company
eligible  for  purchase  under the Plan  remained at an  aggregate  of 1,600,002
shares.  The Plan expired on March 12, 2005. There were no purchases in the nine
month period ended March 31, 2005, and,  through March 31, 2005, the Company had
purchased 252,498 shares under the Plan for an aggregate cost of $83,918.


                                       9
<PAGE>

5.  The components of comprehensive loss are as follows:

                                                Three months ended March 31,
                                               2005                    2004
                                             ---------               ---------
Net loss                                     $(523,537)              $(212,102)
Change in unrealized gain (loss)
    on marketable securities                        --                   9,873
                                             ---------               ---------

Comprehensive loss                           $(523,537)              $(202,229)
                                             ---------               ---------

                                                Nine months ended March 31,
                                               2005                    2004
                                             ---------               ---------
Net loss                                     $(763,108)              $(562,458)
Change in unrealized gain (loss)
    on marketable securities                        --                  20,912
Reclassification adjustment - loss
    included in net loss                       (51,422)                     --
                                             ---------               ---------

Comprehensive loss                           $(814,530)              $(541,546)
                                             ---------               ---------

6.  In December 2002, the Financial  Accounting  Standards Board ("FASB") issued
Statement of Financial  Accounting Standards No. 148 "Accounting for Stock-Based
Compensation  - Transition  and  Disclosure,  an amendment of FASB Statement No.
123" ("SFAS No. 148"). SFAS No. 148 encourages,  but does not require, companies
to record compensation cost for stock-based compensation plans at fair value. In
addition,  SFAS  No.  148  provides  alternative  methods  of  transition  for a
voluntary  change to the fair value based method of accounting  for  stock-based
employee  compensation  and amends the disclosure  requirements  of Statement of
Financial Accounting Standards No. 123 "Accounting for Stock-Based Compensation"
("SFAS  No.  123").  SFAS  No.  148  requires  disclosures  in  the  summary  of
significant  accounting policies in both annual and interim financial statements
about the method of accounting for  stock-based  employee  compensation  and the
effect of the method used on reported results.

The Company adopted,  effective December 31, 2002, the disclosure  provisions of
SFAS No. 148 and  continues to account for  stock-based  compensation  using the
intrinsic value method prescribed in Accounting Principles Board Opinion No. 25,
"Accounting  for  Stock  Issued  to  Employees"  and  related   interpretations.
Accordingly,  compensation expense cost is not recognized for options granted to
employees and to members of the board of directors when such options are granted
to board members in their  capacity as directors.  The fair value of each option
grant is estimated on the date of grant using the  Black-Scholes  option-pricing
model. The following table illustrates the effect on net loss and loss per share
if the Company had applied the fair value recognition provisions of SFAS No. 123
to stock-based employee  compensation.  As of January 13, 2005, upon the sale of
the Company's operating business, in accordance with the Company's Incentive and
Nonqualified  Stock Option Plan (the "Stock  Plan"),  all  outstanding  unvested
employee  stock options  vested as of that date.  Also,  in accordance  with the
Stock Plan, a total of 3,485,400  unexercised  employee stock options expired at
the close of business on April 13, 2005. As a result,  in the  following  table,
the proforma  compensation expense for the three and nine months ended March 31,
2005 reflects the effect of the accelerated vesting.


                                       10
<PAGE>

                                               Three months ended March 31,
                                               2005                    2004
                                             ---------               ---------
Net loss, as reported                        $(523,537)              $(212,102)
Deduct:  Total stock-based employee
compensation expense determined under
fair value based method for all awards,
net of related tax effects                     (37,462)                (35,182)
                                             ---------               ---------

Proforma net loss                            $(560,999)              $(247,284)
                                             ---------               ---------

Net loss per common share:
   Basic and diluted - as reported           $   (0.06)              $   (0.03)
   Basic and diluted - pro forma             $   (0.06)              $   (0.03)

                                                Nine months ended March 31,
                                               2005                    2004
                                             ---------               ---------
Net loss, as reported                        $(763,108)              $(562,458)
Deduct:  Total stock-based employee
compensation expense determined under
fair value based method for all awards,
net of related tax effects                     (63,448)               (116,829)
                                             ---------               ---------

Proforma net loss                            $(826,556)              $(679,287)
                                             ---------               ---------

Net loss per common share:
   Basic and diluted - as reported           $   (0.09)              $   (0.07)
   Basic and diluted - pro forma             $   (0.10)              $   (0.08)


During the nine-month periods ended March 31, 2005 and 2004, the Company granted
0 and 240,000  options,  respectively,  and 600,000 and 0 options were exercised
during such  nine-month  periods,  respectively.  In April 2005,  the  Company's
President, Chief Financial Officer and former Director of Information Technology
exercised a total of 880,000  options at exercise  prices ranging from $0.042 to
$0.046 per share.

7.  In  December  2004,  the FASB  issued  SFAS No.  123  (R),  "Accounting  for
Stock-Based  Compensation."  SFAS  No.  123 (R)  establishes  standards  for the
accounting for transactions in which an entity exchanges its equity  instruments
for goods or  services.  This  statement  focuses  primarily on  accounting  for
transactions in which an entity obtains employee services in share-based payment
transactions.  SFAS No.  123 (R)  requires  that the fair  value of such  equity
instruments be recognized as an expense in the historical  financial  statements
as services  are  performed.  Prior to SFAS No. 123 (R),  only certain pro forma
disclosures of fair value were required. SFAS No. 123 (R) shall be effective for
the  Company as of the  beginning  of the first  interim  reporting  period that
begins  after June 15, 2005.  The adoption of this  statement is not expected to
have a material  impact on the financial  statements  of the Company  commencing
with the first quarter ending September 30, 2005.


                                       11
<PAGE>

8.  On February 2, 2005,  the Company was informed by the Boston Stock  Exchange
("BSE") that the Company's listing thereon would be suspended as of the close of
trading that day. The suspension is due to the fact that the Company,  after the
sale of its sole operating business,  was no longer in compliance with the BSE's
requirements of $1,000,000 in total assets and $500,000 in shareholders' equity.
The BSE agreed to provide a 90-day extension through May 2, 2005. As the Company
was not able to regain compliance, the Company's stock was delisted from the BSE
on May 2, 2005.

The  Company's  common stock  continues  to be quoted on the OTC Bulletin  Board
under the stock symbol CLIK.


                                       12
<PAGE>

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

            From  time to  time,  including  in this  quarterly  report  on Form
10-QSB,  clickNsettle.com,  Inc. (formerly NAM Corporation) (the Company, or we)
may publish  forward-looking  statements relating to such matters as anticipated
financial  performance,  business  prospects,  future operations,  new products,
research and development  activities and similar matters. The Private Securities
Litigation  Reform  Act of  1995  provides  a safe  harbor  for  forward-looking
statements. In order to comply with the terms of the safe harbor, we note that a
variety of factors could cause our actual results to differ  materially from the
anticipated  results  or other  expectations  expressed  in our  forward-looking
statements.

                                  RISK FACTORS

            We face risks.  These risks  include those  described  below and may
include  additional  risks  of  which  we are not  currently  aware  or which we
currently  do not believe are  material.  If any of the events or  circumstances
described in the following  risks actually  occurs,  our financial  condition or
results of operations could be adversely affected. These risks should be read in
conjunction with the other information set forth in this report.

We do Not have an Operating Business and if the Company Acquires a New Business,
the Shareholders may Suffer Significant Dilution

            On January 13, 2005, the Company sold its ADR business.  The Company
is  searching  for an  operating  entity to  acquire or to enter into a business
combination.  There  can be no  assurances  that  an  operating  entity  will be
acquired or that a business  combination  will be  consummated.  Also,  the cash
retained by the Company may not be  sufficient  to pay for the costs  associated
with  continued  public  reporting  obligations  and to acquire a new  operating
business or to enter into a business  combination.  In addition,  if the Company
does acquire a new operating business or enters into a business combination,  it
is expected that such  transaction will be accomplished by the issuance of stock
of the Company, resulting in significant dilution.

We have Recent, and Anticipate Continuing, Losses and have Going Concern
Considerations

            We have  incurred  operating  losses during the last eight years and
through March 31, 2005.  Going forward,  if we do not acquire another  operating
business, there will be no future revenues being generated. However, the Company
will continue to incur costs for continued public reporting  obligations.  Also,
it is likely that in order to acquire a new operating  business or to enter into
a business combination,  costs will be incurred.  Therefore,  the results of our
operations and our financial condition may be materially and adversely affected.

            The  Company's  independent  auditors  have included a going concern
paragraph in their report on the June 30, 2004 consolidated financial statements
which have been prepared  assuming the Company will continue as a going concern.
As a result of continued  losses,  the use of significant cash in operations and
the uncertainty as to the Company's ability to effect a


                                       13
<PAGE>

merger or a similar transaction with the intent to acquire a different operating
business,  there is substantial doubt about the Company's ability to continue as
a going concern.

Our Current Stockholders Have the Ability to Exert Significant Control

            Our executive officers, directors, and their affiliates beneficially
own 5,148,648  shares or  approximately  51.85% of the common stock  outstanding
based on 9,929,056  shares of common stock  outstanding  as of May 11, 2005.  Of
that number,  Mr. Israel  beneficially  owns 3,525,788  shares or  approximately
35.5% of the common stock. As a result, these stockholders acting in concert may
have  significant  influence  on  votes to  elect  or  remove  any or all of our
directors and to control  substantially all corporate activities in which we are
involved, including tender offers, mergers, proxy contests or other purchases of
common stock.

Our  Common  Stock is Traded on the NASD OTC  Electronic  Bulletin  Board and is
subject to the Penny Stock Rules

            Trading in our securities has been conducted in the over-the-counter
market in the NASD's OTC Electronic Bulletin Board. As a result, an investor may
find it more difficult to purchase, dispose of and obtain accurate quotations as
to the value of our securities.

            In addition,  as the trading price of our common stock has been less
than  $5.00 per  share,  trading  in our  common  stock is also  subject  to the
requirements of Rule 15g-9 under the Securities Exchange Act of 1934. Under that
rule,  broker/dealers who recommend such low-priced  securities to persons other
than established  customers and accredited  investors must satisfy special sales
practice   requirements,   including  (a)  a  requirement   that  they  make  an
individualized  written  suitability  determination  for the  purchaser  and (b)
receive the purchaser's written consent prior to the transaction.

            The  Securities  Enforcement  Remedies and Penny Stock Reform Act of
1990 also requires additional disclosure in connection with any trades involving
a stock defined as a penny stock  (generally,  any equity security not traded on
an exchange or quoted on The NASDAQ  SmallCap  Market that has a market price of
less than $5.00 per share),  including  the  delivery,  prior to any penny stock
transaction,  of a disclosure schedule explaining the penny stock market and the
risks associated  therewith.  Such requirements  could severely limit the market
liquidity  of our  securities  and the  ability  of  stockholders  to sell their
securities in the secondary market.

            On February 2, 2005,  the Company was  informed by the Boston  Stock
Exchange ("BSE") that the Company's listing thereon would be suspended as of the
close of trading that day. The  suspension  is due to the fact that the Company,
after the sale of its sole operating business,  was no longer in compliance with
the  BSE's   requirements   of  $1,000,000  in  total  assets  and  $500,000  in
shareholders'  equity.  The BSE agreed to provide a 90-day extension through May
2, 2005. As the Company was unable to regain compliance, the Company's stock was
delisted from the BSE on May 2, 2005.


                                       14
<PAGE>

                                     GENERAL

            Through January 13, 2005, we provided alternative dispute resolution
services, or ADR services, to insurance companies,  law firms,  corporations and
municipalities.  We focused the majority of our marketing  efforts on developing
and expanding  relationships  with these entities,  which we believe are some of
the largest consumers of ADR services.

Third Quarter Ended March 31, 2005 Compared to Third Quarter Ended March 31,
2004

            The Company  sold its sole  operating  business,  ADR  services,  on
January  13,  2005.  Since  that  time,  the  Company  has not had an  operating
business.  The financial  statements have been  reclassified to show the assets,
liabilities  and  results of  operations  of the ADR  business  for all  periods
presented as discontinued  operations.  Loss from continuing operations reflects
expenses  incurred by the Company to maintain its existence as a publicly traded
entity including its public  reporting  obligations.  Currently,  the Company is
actively  searching for a new  operating  business to acquire or to enter into a
business  combination.  There can be no assurances that an operating entity will
be acquired or that a business combination will be consummated.

            Loss from continuing  operations.  Loss from  continuing  operations
declined by 37.3% from  $74,185 for the quarter  ended March 31, 2004 to $46,489
for the  quarter  ended March 31,  2005.  The  Company  sold its sole  operating
business on January 13, 2005.  The decline in the loss is primarily due to lower
costs  incurred for legal services and taxes due to the lower level of activity.
Additionally, in the three months ended March 31, 2004, the Company had realized
losses on the sale of  investments  in the  amount  of  $10,927.  There  were no
realized investment losses in the three months ended March 31, 2005.

            Loss from discontinued operations. Loss from discontinued operations
increased from $137,917 for the quarter ended March 31, 2004 to $477,048 for the
quarter ended March 31, 2005.  The loss in the three months ended March 31, 2005
includes  the loss on the sale of the ADR  business  as well as the  transaction
costs  incurred  to affect the sale,  while the loss in the three  months  ended
March 31, 2004 does not. The loss on the sale was  $419,768 and the  transaction
costs incurred were $5,156,  totaling $424,924.  The loss from operations of the
discontinued  business  for the  quarter  ended  March 31,  2005 was  $52,124 as
compared to $137,917 for the quarter  ended March 31,  2004.  The decline in the
loss was due to the fact  that the  three  months  ended  March  31,  2005  only
includes net revenues and expenses of $58,649 and $110,773,  respectively,  from
January 1 through January 13, the date of the sale, while the three months ended
March 31, 2004  includes the net revenues and expenses of $809,868 and $947,785,
respectively, for the full quarterly period.

            Income Taxes.  Tax benefits  resulting from net losses  incurred for
the three- month periods ended March 31, 2005 and 2004 were not recognized as we
recorded a full valuation allowance against the net operating loss carryforwards
during the periods.

            Net Loss.  For the three months  ended March 31, 2005,  we had a net
loss of $523,537 as  compared  to a net loss of  $212,102  for the three  months
ended March 31, 2004. The loss  increased  primarily due to the loss incurred on
the sale of the ADR  business,  offset  by lower  losses  from the  discontinued
operations as such operations ceased on January 13, 2005.


                                       15
<PAGE>

Nine Months Ended March 31, 2005 Compared to Nine Months Ended March 31, 2004

            Loss from continuing  operations.  Loss from  continuing  operations
declined  by 19.1% from  $160,052  for the nine  months  ended March 31, 2004 to
$129,417  for the nine months  ended March 31,  2005.  The Company sold its sole
operating business on January 13, 2005. The decline in the loss is primarily due
to lower costs  incurred for legal  services and taxes due to the lower level of
activity.

            Loss from discontinued operations. Loss from discontinued operations
increased from $402,406 for the nine months ended March 31, 2004 to $633,691 for
the nine months  ended March 31,  2005.  The loss in the nine months ended March
31,  2005  includes  the  loss on the  sale of the ADR  business  as well as the
transaction costs incurred to affect the sale, while the loss in the nine months
ended  March  31,  2004  does  not.  The loss on the sale was  $419,768  and the
transaction  costs  incurred were  $111,526,  totaling  $531,294.  The loss from
operations of the discontinued business for the nine months ended March 31, 2005
was  $102,397 as compared to $402,406  for the nine months ended March 31, 2004.
The decline in the loss was due to the fact that the nine months ended March 31,
2005  includes  net  revenues  and  expenses  of  $1,807,570   and   $1,909,967,
respectively, for approximately 6.5 months through January 13, 2005, the date of
the sale,  while the nine months ended March 31, 2004  includes net revenues and
expenses of $2,724,722 and  $3,127,128,  respectively,  for the full  nine-month
period. Additionally, during the first half of the 2005 fiscal year, the Company
had been exploring  strategic  alternatives  to preserve  shareholder  value. In
furthering  that goal,  the Company had  instituted  cost cutting  measures with
respect to salaries  and related  costs  (including a 15% salary  reduction  for
employees  earning  more than  $100,000  per annum),  travel and  entertainment,
advertising,  auto expenses and legal fees. Furthermore,  during the nine months
ended March 31,  2005,  the  Company  recorded  no  depreciation  expense as the
Company had recorded a loss from  impairment on its furniture and fixtures equal
to its net book value in the fourth quarter of fiscal year 2004.

            Income Taxes.  Tax benefits  resulting from net losses  incurred for
the  nine-month  periods ended March 31, 2005 and 2004 were not recognized as we
recorded a full valuation allowance against the net operating loss carryforwards
during the periods.

            Net Loss.  For the nine months  ended March 31,  2005,  we had a net
loss of $763,108 as compared to a net loss of $562,458 for the nine months ended
March 31, 2004.  The loss  increased  primarily  due to the loss incurred on the
sale  of the  ADR  business,  offset  by  lower  losses  from  the  discontinued
operations  as such  operations  ceased on January 13, 2005 and as cost  cutting
measures  had been  instituted  in the  current  period  while the  Company  was
exploring strategic alternatives.

Liquidity and Capital Resources

            At March 31,  2005,  the  Company had a working  capital  surplus of
$174,046  compared to $913,854 at June 30, 2004. The decrease in working capital
occurred  primarily as a result of the net loss,  which includes the loss on the
sale of the ADR business on January 13, 2005. Thereafter, the Company has had no
operating business.

            Net cash used in  operating  activities  was  $447,164  for the nine
months ended March 31, 2005 versus  $563,932 for the nine months ended March 31,
2004.  Cash used in


                                       16
<PAGE>

operating activities (including  discontinued  operations) principally decreased
due to a higher net loss offset by changes in operating assets and liabilities.

            Net cash provided by investing  activities was $531,470 for the nine
months  ended  March 31, 2005 versus net cash used in  investing  activities  of
$72,677  for the nine  months  ended  March 31,  2004.  The  change in cash from
investing  activities  was  primarily due to the fact that during the first nine
months of fiscal year 2005, the Company sold its  marketable  securities and its
certificates of deposit matured,  the proceeds of which were invested  primarily
in money market funds.

            Net cash  provided by  financing  activities  during the nine months
ended March 31, 2005 was  $24,996  versus $0 during the nine months  ended March
31, 2004.  The  increase  was due to the fact that the  President of the Company
exercised stock options in January 2005.

            In July 2004,  our Board of Directors  decided to explore  strategic
alternatives  for the Company in an effort to protect  shareholder  value.  As a
result  of the  numerous  scandals  in  recent  years  and  the  passing  of the
Sarbanes-Oxley Act of 2002 to safeguard  shareholders,  micro-cap companies such
as ours are faced with mounting  legal and audit fees to meet the new compliance
requirements  now needed to remain as a publicly  traded entity.  In addition to
being expensive in terms of out-of-pocket  expenditures,  these requirements are
costly  in that  they  are  time-consuming  and  place a strain  on our  limited
personnel resources.

            On October 18, 2004,  the Company  entered  into a definitive  asset
purchase  agreement with National  Arbitration  and  Mediation,  Inc., a company
affiliated  with the Company's Chief  Executive  Officer.  Pursuant to the Asset
Purchase Agreement, the Buyer acquired the assets of the Company's ADR business.
In  consideration,  the Buyer  assumed all current  and future  liabilities  and
commitments of the ADR business.  Furthermore,  Mr. Israel agreed not to trigger
his change-in-control provision under his employment contract as a result of the
Buyer acquiring the ADR business.  If such provision was triggered upon the sale
or liquidation of the ADR business,  the Company would have owed Mr. Israel,  in
one lump sum, approximately  $1,015,000,  which represented three times his then
current base salary. Additionally,  the Asset Purchase Agreement provided that a
minimum of $200,000 in cash was to remain with the Company, before giving affect
to transaction costs. A portion of this cash has been utilized by the Company to
pay for the costs  associated  with the sale of the ADR business and the balance
will be used for continued  public  reporting  obligations  and  potentially  to
acquire a new operating business or enter into a business combination.

            The Board of Directors received an opinion,  dated October 15, 2004,
from an unrelated party, Capitalink, L.C., that, as of that date, based upon and
subject to the  assumptions  made,  matters  considered  and  limitations on its
review as set forth in the opinion,  the purchase  consideration is fair, from a
financial point of view, to the Company's unaffiliated stockholders. Capitalink,
L.C. is an  investment-banking  firm that is regularly engaged in the evaluation
of businesses  and their  securities in connection  with mergers,  acquisitions,
corporate restructurings and private placements.

            On January 13,  2005,  at the annual  meeting of  shareholders,  the
Company's  shareholders approved the transaction.  Immediately  thereafter,  the
Company  completed the sale of the ADR business.  In connection  therewith,  the
Buyer assumed the current and future  commitments of the Company.  Specifically,
the Company has been  released  from its lease  agreements  for office  space in
Great Neck and Brooklyn,  New York and from its employment  agreements  with its
President and Chief Financial  Officer.  Additionally,  the Buyer has


                                       17
<PAGE>

guaranteed the payments due on the remainder of the Company's  automobile  lease
(which  approximated  $22,000 in total as of January  13,  2005).  The Buyer has
assumed  the  remaining  payments  due on the  remaining  term of the lease of a
postage meter (which  approximated $2,000 in total as of January 13, 2005) until
such  time  as the  lessor  issues  a  release  of  liability  to  the  Company.
Furthermore,  in accordance  with the Company's  stock option plan, all unvested
outstanding  employee stock options vested as of the date of the sale of the ADR
business.  As the Company did not retain any employees subsequent to the sale, a
total of 3,485,400  unexercised  employee stock options  expired at the close of
business on April 13, 2005.

            Pursuant to the Asset Purchase Agreement,  the cash to remain in the
Company after the sale was  consummated on January 13, 2005 was increased to the
extent of 60% of the excess of the Remaining Net Capital before  Commitments (as
defined) over $380,462 as of the closing date.  The Remaining Net Capital Before
Commitments was calculated as the fair market value of the assets purchased less
the  following:  (a)  recorded  liabilities  assumed and (b)  $96,371  (that is,
$200,000 in cash to remain with the Company  less  payments of $103,629  already
made  through  January  13, 2005 for certain of the  transaction  costs).  As of
January 13, 2005,  the Remaining Net Capital  before  Commitments  was $643,728.
Therefore,  $263,266 represents the amount in excess of $380,462;  60% of which,
or  $157,960  is  additional  cash to remain in the  Company.  Therefore,  as of
January 13,  2005,  the total cash to be  retained  by the Company was  $254,331
before unpaid transaction costs, taxes, other payables and accrued  liabilities.
Although  the  liabilities  and assets other than cash were  transferred  to the
Buyer as of January 13, 2005, the cash balances have yet to be transferred as of
March 31, 2005. As a result, the accompanying  balance sheet shows cash and cash
equivalents  of  $840,171.  However,  as of March 31,  2005,  the  Company has a
balance due to the Buyer in the amount of $617,954.  Such balance is expected to
be  substantially  transferred  before June 30, 2005,  the end of the  Company's
fiscal year.

            The costs of the  transaction,  which have been paid by the Company,
included  legal,  accounting,  tax advice and the cost of the fairness  opinion.
During the three  months and nine  months  ended  March 31,  2005,  the  Company
incurred $5,156 and $111,526, respectively, of such costs, which are included in
the loss on sale of  discontinued  operations on the  accompanying  statement of
operations. At March 31, 2005, all such amounts have been paid.

            Since the  consummation  of the sale,  the Company has no  operating
business.  Currently,  the Company is  actively  searching  for a new  operating
business  to acquire or to enter  into a business  combination.  There can be no
assurances  that an  operating  entity  will  be  acquired  or  that a  business
combination will be consummated.

            As a result of  continued  losses,  the use of  significant  cash in
operations and the uncertainty as to the Company's ability to effect a merger or
a similar transaction with the intent to acquire a different operating business,
there is  substantial  doubt about the Company's  ability to continue as a going
concern.  The  Company's  independent  auditors  have  included a going  concern
paragraph in their report on the June 30, 2004 consolidated financial statements
which have been prepared  assuming the Company will continue as a going concern.
Accordingly,  the accompanying  consolidated financial statements do not include
any  adjustments  that may result  should the Company be unable to continue as a
going concern.


                                       18
<PAGE>

                             Controls and Procedures

A. Evaluation of Disclosure Controls and Procedures:

            Our  disclosure  controls and procedures are designed to ensure that
information required to be disclosed in the reports filed or submitted under the
Exchange Act is recorded,  processed,  summarized and reported,  within the time
period  specified  in  the  SEC's  rules  and  forms.  Disclosure  controls  and
procedures  include,  without  limitation,  controls and procedures  designed to
ensure that information  required to be disclosed in the reports filed under the
Exchange Act is  accumulated  and  communicated  to  management,  including  the
President and Chief Financial Officer, as appropriate, to allow timely decisions
regarding  required  disclosure.  As of the end of the  period  covered  by this
report,   we  carried  out  an  evaluation,   under  the  supervision  and  with
participation  of our  management,  including our President and Chief  Financial
Officer,  of the  effectiveness  of the design and  operation of our  disclosure
controls and procedures.  Based upon and as of the date of that evaluation,  the
President and Chief Financial Officer concluded that our disclosure controls and
procedures are effective to ensure that information  required to be disclosed in
the reports we file and submit under the Exchange Act are  recorded,  processed,
summarized and reported as and when required.

B. Changes in Internal Control over Financial Reporting:

There  were  no  changes  in our  internal  controls  over  financial  reporting
identified in connection  with our evaluation of these controls as of the end of
the period covered by this report that could have  significantly  affected those
controls  subsequent to the date of the  evaluation  referred to in the previous
paragraph,   including  any   correction   action  with  regard  to  significant
deficiencies and material weakness.


                                       19
<PAGE>

             PART II - OTHER INFORMATION

Item 1.     Legal Proceedings.
            Not applicable.

Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds.
            Not applicable.

Item 3.     Defaults upon Senior Securities.
            Not applicable.

Item 4.     Submission of Matters to a Vote of Security Holders.
            On January 13, 2005, we held our annual meeting of shareholders.  At
            the meeting, the shareholders voted on four proposals. The following
            represents the results of the voting, both in person and by proxy:

            1. Election of Directors:
            Roy Israel                7,843,284 votes for;
                                      0 votes against; 95,162 votes withheld.

            Anthony J. Mercorella     7,846,282 votes for;
                                      0 votes against; 92,164 votes withheld.

            Kenneth G. Geraghty       7,844,284  votes  for;
                                      0 votes against; 94,162 votes withheld.

            Robert M. Silverson, Jr.  7,844,284 votes for;
                                      0 votes against; 94,162 votes withheld.

            Willem F. Specht          7,844,284  votes  for;
                                      0 votes against; 94,162 votes withheld.

            Corey J. Gottlieb         7,844,284  votes  for;
                                      0 votes against; 94,162 votes withheld.

            Randy Gerstenblatt        7,844,284  votes  for;
                                      0 votes against; 94,162 votes withheld.

            2. For  ratification  of  appointment  of Grant  Thornton LLP as our
            independent accountants for fiscal year 2005:
                                      7,853,324 votes for;
                                      83,124 votes against;  1,998 abstentions

            3. For approval of the  amendment to the  Company's  Certificate  of
            Incorporation  authorizing  the  Board  of  Directors,  in its  sole
            discretion, to increase the authorized common stock, par value $.001
            per share, of the Company from 25,000,000 shares up to and including
            300,000,000 shares:
                                      7,829,044 votes for;
                                      103,406 votes against;  5,996 abstentions


                                       20
<PAGE>

            4. For  approval  of the  asset  purchase  agreement  with  National
            Arbitration & Mediation, Inc., a company affiliated with the present
            Chief Executive Officer of the Company,  pursuant to which the buyer
            would acquire the assets and would assume all the current and future
            liabilities   and   commitments  of  the  Company's  sole  operating
            business, alternative dispute resolution services.
                                      4,716,014 votes for;
                                      124,148 votes against;
                                      5,996 abstentions;  3,092,288  not voted

Item 5.     Other information.
            Not applicable.

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

            (a) Exhibits.

<TABLE>
<CAPTION>
Exhibit
Number                       Description of Document
-------                      -----------------------
<S>         <C>
3.1 (a)     Certificate of Incorporation, as amended  (1)
3.1 (d)     Certificate of Amendment of Certificate of Incorporation (5)
3.1 (e)     Certificate of Amendment of Certificate of Incorporation, as amended (6)
3.1 (f)     Certificate of Amendment of Certificate of Incorporation, second amendment (7)
3.2         By-Laws of the Company, as amended (2)
4.1         Stock Purchase Agreement dated May 10, 2000 (4)
4.2         Stock Purchase Warrant dated May 10, 2000 (4)
4.3         Exchangeable Preferred Stock and Warrants Purchase Agreement (3)
10.1        1996 Stock Option Plan, amended and restated (2)
10.16       Asset Purchase Agreement dated October 18, 2004 (8)
31.1        Rule 13a-14(a)/15d-14(a) Certification (CEO)**
31.2        Rule 13a-14(a)/15d-14(a) Certification (CFO)**
32.1        Section 1350 Certification (CEO)**
32.2        Section 1350 Certification (CFO)**
</TABLE>

------------------

(1)         Incorporated  herein in its entirety by  reference to the  Company's
            Registration  Statement on Form SB-2,  Registration No. 333-9493, as
            filed with the Securities and Exchange Commission on August 2, 1996.

(2)         Incorporated  herein in its entirety by  reference to the  Company's
            1998 Annual Report on Form 10-KSB.

(3)         Incorporated  herein in its entirety by  reference to the  Company's
            SB-2 filed on March 28, 2000.

(4)         Incorporated  herein in its entirety by  reference to the  Company's
            Form 8-K filed on May 17, 2000.


                                       21
<PAGE>

(5)         Incorporated  herein in its entirety by  reference to the  Company's
            Form 8-K filed on June 21, 2000.

(6)         Incorporated  herein in its entirety by  reference to the  Company's
            2001 Annual Report on Form 10-KSB.

(7)         Incorporated  herein in its entirety by  reference to the  Company's
            2004 Annual Report on Form 10-KSB.

(8)         Incorporated  herein in its entirety by  reference to the  Company's
            Form 8-K filed on October 20, 2004.

**          Filed herewith.

            (b) Reports on Form 8-K.

            Form 8-K was filed on January  18,  2005 by the  Company to announce
            the  completion  of its sale of its dispute  resolution  business on
            January  13,  2005.  Form 8-K was filed on  February  2, 2005 by the
            Company to announce that the Boston Stock Exchange had suspended the
            Company's listing thereon as the Company, after the sale of its sole
            operating  business,  was no longer in  compliance  with the  Boston
            Stock  Exchange's  requirements  of  $1,000,000  in total assets and
            $500,000 in shareholders' equity.


                                       22
<PAGE>

                                   SIGNATURES

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

                                      CLICKNSETTLE.COM, INC.

Date: May 12, 2005                        By: /s/ Roy Israel
                                              -------------------------------
                                          Roy Israel, President and CEO

Date: May 12, 2005                        By: /s/ Patricia A. Giuliani-Rheaume
                                              --------------------------------
                                          Patricia A. Giuliani-Rheaume, Vice
                                          President, Treasurer and CFO


                                       23