SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549
                                 FORM 10-KSB

[x] Annual report  pursuant to Section 13 or 15(d) of the Securities  Exchange
Act of 1934 For the Fiscal  Year Ended  September  30, 1999

or

[] Transition report pursuant to Section 13 or 15(d) of the Securities  Exchange
Act of 1934

                       Commission file number 000-21235


                               BarPoint.com, Inc.
                (Name of Small Business Issuer in Its Charter)

      Delaware
(State or Other Jurisdiction of                     11-2780723
 Incorporation or Organization)             (I.R.S. Employer Identification No.)

           One East Broward Blvd., Suite 410, Ft. Lauderdale, FL 33301
               (Address of Principal Executive Offices) (Zip Code)

Issuers Telephone Number:     (954)-745-7500

Securities registered pursuant to Section 12(b) of the Act:

                                 None
                           (Title or Class)

Securities registered pursuant to Section 12(g) of the Act:

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

         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 preceding
twelve (12) months (or such shorter  period that the  registrant was required to
file such reports), and (2) has been subject to such filing requirements for the
past ninety (90) days. [x] Yes  [] No

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

         The issuer has  15,408,238  shares of Common  Stock  outstanding  as of
December 23, 1999.

         The issuer's revenues for the fiscal year ended September 30, 1999 were
$0.

         The  aggregate  market  value of the  outstanding  common stock held by
non-affiliates  of the issuer on December 17, 1999 (computed by reference to the
last  reported  sales price of the  issuer's  common  stock on the OTC  Bulletin
Board) was $26,550,375.



<PAGE>



                                     PART I
         BarPoint.com cautions readers that certain important factors may affect
its actual  results and could cause those results to differ  significantly  from
any forward-looking  statements made in this Form 10-KSB or otherwise made by or
on behalf of BarPoint.com.  For this purpose,  any statements  contained in this
Form 10-KSB that are not  statements of historical  fact should be considered to
be forward-looking statements.  Words such as may, expect, believe,  anticipate,
intend,  could,  estimate, or continue or the negatives of those words, or other
comparable  terminology,  are intended to identify  forward-looking  statements.
These statements appear in a number of places in this Form 10-KSB,  including in
Item  1 and  Item  6,  and  include  statements  as to  the  intent,  belief  or
expectations of  BarPoint.com  and its management as of the date of this report.
Actual  results and the  occurrence  or timing of certain  events  could  differ
materially from those projected in any of such forward-looking statements due to
a number of factors,  including  those set forth under  "Factors  Affecting  Our
Operating  Results,  Business  Prospects  and Stock Price" and elsewhere in this
Form 10-KSB.

     Item 1.  Business

     Overview

         BarPoint has developed and recently launched a comparative shopping and
consumer  information   Internet  site  utilizing   proprietary  reverse  search
technology  that enables  consumers to search the Internet for  product-specific
information  using universal  product codes,  known as UPCs or barcode  numbers.
Barcode numbers are an  international  standard  identifier for retail products.
BarPoint has compiled an  extensive  database,  which  includes  information  on
approximately  20  million  of what we  believe  to be more than 100  million US
retail products with UPC barcode  numbers.  The BarPoint service can be accessed
from a desktop  computer or a wide variety of  Internet-enabled  handheld mobile
devices, such as personal digital assistants (PDAs), interactive pagers and cell
phones.  By typing or scanning the barcode number that  manufacturers  attach to
their  products,  consumers gain access to a variety of information  gathered by
BarPoint on the specific product, including:

         manufacturer contact information;
         product reviews, specifications and other related information;
         comparative  pricing  from a variety  of on-line
          (and, in some cases,  retail) sources;  and
         links to purchase the item from a variety of e-commerce vendors.

         On  December  6,  1999,  we   "soft-launched"   our  preview   website,
www.barpoint.com,  where  consumers  can  access  our  database  to  search  for
information in the following select categories: audio books, books, videos, DVDs
and music.  In  addition,  visitors to our preview  website  can  download  free
software  for the Palm  VII PDA  manufactured  by 3  Com/Palm  Computing,  which
enables them to access our database  from the Palm VII on a wireless  basis.  We
intend  to  launch  a more  complete  version  of our  website  with  additional
categories  and features in early 2000. We also plan to release  versions of our
technology for additional  wireless mobile devices,  including other Palm OS and
Windows CE hand-held  computers,  interactive pagers from Research in Motion and
Motorola,  and Internet enabled cellular phones. Since our technology allows the
consumer to comparison  shop in a retail store with a hand-held  wireless device
and to place orders to purchase through  e-commerce the item they are viewing in
the retail store, we believe that BarPoint,  by placing  product  information in
the hands of the  consumer,  has the potential to  revolutionize  the way people
shop and how  traditional  retailers  compete for customers.  As of December 22,
1999  we  had  e-commerce  agreements  with  310  e-commerce  vendors  including
Amazon.com, ValueAmerica, Cyberian Outpost, eToys and Tower Records.

         Company History

         Our company was incorporated in Delaware on December 19, 1995 under the
name The Harmat  Organization,  Inc.  and began  operations  as a  construction,
architectural  landscape design and real estate  development firm.  Beginning in
1997, we believed that it was in the best  interest of the  shareholders  of our
company to change our  direction  away from the real estate  business.  The real
estate market in which we concentrated  changed,  and management felt that there
were fewer  prospects  for  significant  profit in the future.  We began  making
strategic investments in technology oriented companies.



                                                       2

<PAGE>
         On June 3, 1999, we acquired all of the shares of BarPoint.com, Inc., a
Florida  corporation,  and began to develop our current  line of  business.  The
transaction  was  accounted  for as a  reverse  acquisition,  as if the  Florida
corporation had acquired us, because the former  shareholders  of  BarPoint.com,
Inc.  owned a majority of our  outstanding  common stock after the  transaction.
Following the acquisition, we changed our name to BarPoint.com, Inc. The Florida
corporation that we acquired is now our wholly-owned subsidiary.

     Industry Overview

         We believe that the development of alternative  Internet access devices
is a principal  factor in the growth of  Internet  traffic.  International  Data
Corporations estimates that in 1998 approximately 92% of all Internet access was
achieved  from  personal  computers.  However,  International  Data  Corporation
projects  that in 2002 only 67% of  Internet  access  will be  through  personal
computers.   Alternative  Internet  access  devices  include  NetTVs,   Internet
screenphones,  and handheld devices. We believe that handheld devices, including
PDAs, will become more prevalent.  The mobile nature of the Internet access that
will be  developing  over the next  few  years  will  allow  users to  undertake
"point-of-sale"  comparative shopping,  using enhanced  product-specific  search
technology like the BarPoint Shopper.

         The Internet  provides  consumers with numerous  sources of information
and numerous sites to purchase  items  electronically.  An increasing  number of
Internet  users are  spending  an  increasing  amount of money on online  retail
spending.  International  Data  Corporation  estimates  that the  number  of U.S
Internet  users  was  approximately  62.8  million  in  1998  and  will  grow to
approximately  148.6 million by the end of 2002.  Jupiter  Communications,  Inc.
projected  that online  shopping in the U.S. was  approximately  $7.8 billion in
1998 and will reach  approximately  $41 billion by 2002. We believe that, as the
number  of  electronic   commerce   transactions   increases,   more   efficient
product-specific search capabilities will be increasingly attractive.

         Most current search  technology is text-based,  relying on the searcher
to identify "key words" to search for the item.  This search  methodology can be
useful for  searching  text  archives,  but can be inexact and  inefficient  for
searching  for  particular  products.  To find a product  using  current  search
methodologies,   users  often  undertake   multiple  levels  of  searches  in  a
time-consuming  process.  In contrast,  UPC barcode numbers provide an efficient
search criteria to locate detailed  information  regarding a particular product.
Each UPC barcode number is unique to a specific manufacturer's product. By using
these barcodes and adding a wide range of supplemental product  information,  we
believe we have  created a powerful  and  efficient  way to track and search for
product-specific information regarding the manufacturer, product and pricing.


     Strategy

           BarPoint intends to establish itself as the leading  product-specific
comparative  information and shopping service for mobile and online  e-commerce.
BarPoint seeks to achieve this goal by:

Integrating  BarPoint's  Technology  into New and  Existing  Avenues of Internet
Access. To attract consumers who access the Internet through personal computers,
we intend to license our patent  pending  technology  to other portal and search
engine sites. In addition,  we provide  consumers the opportunity to enter a UPC
barcode number into a handheld device and access  information about the product,
including  competing prices and reviews,  while at the store.  Currently this is
possible by  downloading  our BarPoint  ShopperTM  application  for the Palm VII
device. We are also developing applications for use with other PDAs and portable
wireless  devices,  and are working with  manufacturers to bundle our technology
into their existing and future products.



                                                       3

<PAGE>
     Pursuing   Strategic   Relationships.   We  have  established  a  strategic
     relationship with Symbol Technologies,  Inc. (See "Strategic  Relationships
     and  Acquisition"),  and  we  intend  to  establish  and  expand  strategic
     relationships   with   content   providers,    technology    manufacturers,
     distributors and others. We intend to capitalize on existing  relationships
     by offering opportunities to sponsor categories of products on the BarPoint
     web site and mobile devices and by entering into co-branding relationships.
     We are  currently  planning  and  intend  to  cross-promote  and/or  bundle
     products with a wide range of wireless  Internet  devices  including  those
     manufactured by Symbol and 3COM among others.

     Establishing  a Brand  Identity.  BarPoint  will  seek to build  its  brand
     identity through traditional  advertising and promotional vehicles in order
     to generate  high  traffic  levels to the  BarPoint  web site and  consumer
     awareness of the  BarPoint  name.  We have  entered into an agreement  with
     Wunderman Cato Johnson, a division of Young & Rubicam,  Inc. to develop our
     advertising and marketing strategy and promote our brand recognition.

     Capitalizing  on  multiple  avenues  of  generating  revenues.  While  many
     Internet  sites  hope to  generate  revenues  simply  from  advertising  on
     e-commerce,  BarPoint  intends to generate  revenues from these sources and
     through licensing,  manufacturer listings,  sponsorship and data-mining. As
     with other heavily trafficked web sites,  www.barpoint.com will sell banner
     advertisements and sponsorship buttons throughout its pages.  Manufacturers
     and  retailers  will  have  the  opportunity  to add  supplemental  product
     information  to the BarPoint  search results and ensure that their products
     appear in the comparative and related  products  sections when searches are
     conducted for similar and/or  competitive  products.  In return for monthly
     and/or  annual  fees,   retailers  and  e-commerce   sites  will  have  the
     opportunity  to sponsor a product  category  resulting  in their link being
     given  premium  placement  when a user submits a UPC barcode  number to the
     sponsored product category. As of December 22, 1999, we had agreements with
     310  e-commerce  sites to pay  BarPoint,  on a percentage  basis,  for each
     referral that generates revenue. In addition,  we plan to charge retailers,
     manufacturers  and  others  for access to our My  BarPoint  database  which
     allows a company to reach customers by certain demographic characteristics.

     Database and Products

         The   BarPoint   technology   can  be  accessed  via  the  Internet  at
www.barpoint.com  from desktops or handheld  wireless  devices.  It is presently
available on a variety of hand-held and wireless devices  including the Palm VII
from  3COM/Palm  Computing,  interactive  pagers such as those from  Research In
Motion,  and  the  SPT  1500,  a Palm  VII  with  a  built-in  scanning  device,
manufactured by Symbol Technologies.  Our web site currently allows UPC searches
in the following categories:

     o        audio books;
     o        books;
     o        DVDs;
     o        music; and
     o        videos.

         We expect to add  search  capabilities  for  additional  categories  of
products,  including  computer  hardware and  software,  groceries,  automotive,
office supplies,  pet supplies,  toys,  hardware,  vitamins and pharmaceuticals,
electronics and more.

         Additional  features we are developing include the My BarPoint service,
BarPoints(TM),  and the sale of barcode input devices.  The My BarPoint  service
will allow members to store product UPC barcode  numbers and receive free e-mail
messages about the products, such as coupon information,  warranty registration,
new  product   releases,   rebates,   special  offers,   recalls  and  auctions.
BarPoints(TM)  is a loyalty  rewards  program for frequent users of our BarPoint
technology.  We plan to offer for sale new products  containing barcode scanning
features  including the SPT 1500, a Palm  Computing PDA  manufactured  by Symbol
Technologies.


                                                       4

<PAGE>
     Strategic Relationships and Acquisition

     As part of our strategy,  we have entered into strategic  relationships and
pursued  acquisitions  with  content  providers,  technology  manufacturers  and
distributors, including the following:

     In  August  1999,  we  announced  a  strategic  partnership  with  Symbol
     Technologies, Inc. As part of the strategic partnership Symbol Technologies
     purchased  1,315,789 shares of our common stock representing  approximately
     9% of our outstanding common stock and granted us a royalty free license to
     use Symbol's  scanner  patents.  We agreed to sell Symbol SPT 1500 machines
     and  grant  Symbol  the right to  designate  one  designee  to our board of
     directors.  Symbol  manufactures a wide range of barcode scanning  hardware
     that is  compatible  with  BarPoint's  service,  including  the SPT 1500, a
     handheld  organizer  using the popular Palm  platform with a built in laser
     barcode scanner.

     In August  1999,  we  announced a  partnership  with JP Systems,  Inc. to
     integrate  our  BarPoint  Shopper  technology  into JP  Systems'  Info Beam
     content package for wireless devices.  InfoBeam software provides on-demand
     access to data and is available  for a number of popular  handheld  devices
     and PDAs working with two-way pagers,  wireless  modems or cell phones.  In
     November 1999, Motorola announced that it would be offering JP Systems Info
     Beam,  including  BarPoints UPC search service, on its new Pagewriter 2000x
     Interactive Pager.

     On November 5, 1999,  BarPoint  acquired Synergy  Solutions,  Inc., which
     creates  commercial  applications  for  Palm  Computing  devices.   Synergy
     Solutions products are currently sold at major on-line, retail, and catalog
     software  vendors.  We  hope  that  Synergy  Solutions,  as a  wholly-owned
     subsidiary  of  BarPoint,  will  drive  the core  development  of  handheld
     applications and mobile e-commerce  solutions to further enable and enhance
     consumer  buying  decisions  and shopping  experiences  through UPC barcode
     numbers,  while continuing to provide the high level of quality of the Palm
     OS applications they have developed in the past.

     We have made an association with Konover Property Trust, Inc. (NYSE:KPT),
     a fully  integrated  shopping  center  real  estate  investment  trust,  to
     collaborate to combine the experience of traditional  retail  shopping with
     the breadth of  information,  selection  and  convenience  of e-commerce on
     truefinds.com,   an  online   shopping   site  created  by  Konover.   This
     collaboration  will allow  consumers to use and benefit from the unique UPC
     barcode that identifies brand name products. An online shopper will enter a
     particular  item's UPC number at  truefinds.com,  and the BarPoint  service
     will provide a virtual  connection  to a store's  inventory to determine if
     that  product  is  available  in a  different  color  or size or to  gather
     additional information about the product.

     The Company has an alliance with Go America,  a leading wireless Internet
     Service  Provider  (ISP)  to  offer  BarPoint's  service  to  its  wireless
     customers  on devices  such as the  Research  In Motion  (RIM)  interactive
     pager, as well as handheld devices using wireless modems and Go America's s
     internet service.

     Technology

         BarPoint utilizes  proprietary 'reverse search' technology that enables
consumers  to search the  Internet for  product-specific  information  using UPC
barcode numbers. When a UPC barcode number is entered, BarPoint's technology and
database is used to first  identify the item,  as well as its  manufacturer  and
product  category.  Then, using that  information,  BarPoint's search technology
collects a wide range of product details, links and related information.  All of
this  information  is returned to the  consumer in the BarPoint  search  results
page.



                                                       5

<PAGE>
         Currently,  our web site is hosted  on Unix  based  equipment  from Sun
Microsystems  and our primary  database is stored using Oracle 8i software.  The
server equipment is located at Global Crossings,  Inc., which we believe to be a
tier 1 Internet provider.

         The BarPoint service is available  through  accessing  www.barpoint.com
through  which UPC barcode  number  searches can be executed by simply typing or
scanning in a UPC barcode number.  If a consumer visiting the BarPoint site does
not have the UPC barcode  number handy for the product they are  interested  in,
they can also  conduct a search by  entering a text  description  of the desired
item.  Our company has also  introduced  the BarPoint  Shopper(TM)  web clipping
application for the Palm VII wireless  organizer from 3Com/Palm  Computing,  and
will be releasing versions of the BarPoint  Shopper(TM) for many wireless mobile
devices including other Palm OS and Windows CE handheld  computers,  interactive
pagers from RIM and Motorola and cellular  phones.  Customers are able to see an
item they wish to purchase in a retail store and enter the item's barcode into a
handheld device and obtain detailed product information,  including  comparative
prices from a variety of vendors.

     Sales and Marketing

         We plan to  generate  revenue  from the  BarPoint  portal and  BarPoint
Shopper in the following ways:

     establishing  sponsorship arrangements for product search categories with
     leading online brands, both on our website and on mobile devices;

     selling advertising space on the BarPoint free software and web site;

     offering manufacturers and retailers the opportunity to list supplemental
     product information with the BarPoint search results for their products;

     offering  manufacturers  and  retailers  the  opportunity  to list their
     product  in  BarPoint's  comparative  and  related  product  sections  when
     searches are done for similar or competitive products;

     entering into revenue sharing  arrangements with e-commerce partner sites
     for any BarPoint referred online customer;

     sales of hardware through our website; and

     licensing fees from other Internet sites that license our technology.

         As of December 22, 1999,  we have  entered into  e-commerce  agreements
with  310   e-commerce   vendors   including   companies   such  as  Amazon.com,
ValueAmerica,  Cyberian  Outpost,  eToys and Tower  Records.  These e-  commerce
agreements are industry standard  agreements that Internet  companies enter into
in order to provide links from the company's  website to an e-commerce  vendor's
website.  When a customer  visits  BarPoint  and links to one of the  e-commerce
vendor companies  websites to purchase an item,  BarPoint receives a commission.
Typically, these commissions range from 5% to 30% of the sale.

         When the My BarPoint  service becomes  available,  we intend to provide
manufacturers,  retailers  and  others  the  ability  to send  e-mail  or  other
notifications  to  persons  who store a  particular  UPC  barcode  number on the
service.  My BarPoint  users will indicate when they register if they would like
to receive such messages.

         Our in-house  sales force  currently  includes 2 employees  whose sales
focus is on banner advertisements and category sponsorship. We have entered into
a strategic marketing and advertising  relationship with Wunderman Cato Johnson,
a  division  of  Young &  Rubicam,  Inc.,  who will  assist  in  developing  our
advertising and marketing strategy and promoting our brand recognition.






                                                       6

<PAGE>
         Research and Development

         We believe that strong product  development  capabilities are essential
to our strategy of continuing to enhance and improve our product  offerings both
on  our  web  site  and on  mobile  devices.  This  process  involves  continued
investment  in  equipment,  services  and  qualified  personnel  to optimize our
ability  to  adapt  to  rapidly  changing  technologies  and  evolving  customer
expectations.  Our patent-pending "reverse search" technology has been developed
to be  scalable  and to provide  access to our  database  of UPC linked  product
information from a variety of Internet capable devices,  using industry standard
software  platforms.  Our in-house web  development  team includes  programmers,
engineers, graphic designers, and database administrators.

         Research  and  development  expenses  were  $77,912  for the year ended
September  30,  1999.  Research  and  development  expenses to date have been to
development  of our large  database of products  and  information  linked to the
manufacturer's  UPC barcode  number,  as well as the hiring of personnel.  These
numbers do not reflect research and development  expenses that were capitalized.
In addition these figures do not reflect the research and  development  expenses
related to the preview and launch of our web site which  occurred  subsequent to
September 30, 1999. We expect that research and  development  expenses in fiscal
year 2000 will  significantly  exceed our research and development  expenses for
fiscal  year 1999.  See  "Factors  Affecting  Our  Operating  Results,  Business
Prospects  and Stock Price" for a  discussion  of certain  risks  related to our
research and development.

         Intellectual Property

         BarPoint's  success and ability to compete depend  significantly on our
proprietary  technology.  We have applied for patent  protection of our BarPoint
technology.  We cannot assure our stockholders  that a patent will be issued, or
if issued that it will be upheld against any challenges. In addition, we rely on
copyright,  trademark and trade secret laws and confidentiality  agreements with
our employees and third parties to protect our  intellectual  property.  We have
applied for registration of two trademarks for the BarPoint name and our logo in
the  United  States  and will  seek to  register  additional  service  marks and
trademarks as appropriate.

         Despite  our efforts to protect our  proprietary  rights,  unauthorized
parties  may  attempt  to  copy or  otherwise  obtain  and  use our  proprietary
information  or  technology.  The laws of some foreign  countries do not protect
proprietary  rights to the same  extent as the laws of the United  States and we
currently do not have any patents or patent applications in any foreign country.
In  addition,   others  could  possibly   independently   develop  substantially
equivalent   intellectual  property.  If  we  do  not  effectively  protect  our
intellectual property, our business could suffer.

         Companies  in the  computer  software  industry  frequently  resort  to
litigation  regarding  intellectual  property rights. We may have to litigate to
enforce our  intellectual  property  rights,  to protect our trade secrets or to
determine the validity and scope of other parties' proprietary rights. This type
of litigation, even if we are successful, could be time-consuming and expensive,
divert management's attention,  cause product or service delays or require us to
enter into royalty or licensing  agreements  on terms that may not be acceptable
to us. A successful claim of infringement  against us could materially adversely
affect our business, financial condition and results of operations.

          Competition

         The Internet  consumer  market is a new and rapidly  emerging  area. We
face  competition  from a number of established  competitors  who offer consumer
goods  and  items on the  Internet,  as well as  product  information  and price
comparisons,  including Yahoo!, Lycos, Excite, My Simon, Comparenet,  Amazon.com
and others. Many of our competitors have greater financial, technical, marketing
and other  resources.  Because  barriers to entry are low, new competitors  will
continue to emerge.

          Our ability to compete  successfully  depends in part upon our ability
to attract and retain  personnel  with a wide range of  technical  capabilities.
Competition for experienced and technically capable personnel is intense, and is
expected to increase in the future.  We cannot assure our  shareholders  that we
will be able to attract and retain the necessary personnel to develop and expand
our business.



                                                       7

<PAGE>
         We believe  that  BarPoint is the first  system to search for  detailed
product  information  on the Internet  using UPC barcode  numbers as the primary
search parameter.  If another company develops similar or superior  capabilities
or if our concept and technology do not achieve market acceptance, our business,
financial  condition  and results of  operations  will be  materially  adversely
affected.

         Employees

         As of December 17, 1999, we had 30 employees.  None of our employees is
represented by a labor union and we consider our relationship with our employees
to be good.  We believe that our future  success will depend upon our ability to
attract and retain qualified personnel,  in spite of the intense competition for
technically capable personnel.

     Item 2.  Properties

         BarPoint currently rents 10,284 square feet of office space at One East
Broward Boulevard,  Suite 410, Ft. Lauderdale,  FL 33301 under a temporary lease
that expires December 31, 1999. We are currently in the process of negotiating a
new lease that we expect  will have a term of five years  commencing  January 1,
2000. If we fail to execute the new lease,  we are obligated to pay the landlord
$200,000 in agreed upon liquidated damages.

              On  September  21, 1999 we entered into a contract of sale to sell
land held for sale for  $175,000.  The sale closed on December 18, 1999. We will
recognize income of approximately $25,000,  before commissions and other selling
expenses.

     Item 3.  Legal Proceedings

         BarPoint is not currently involved in any pending legal proceedings.

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

         In June  1999,  by  written  consent  of our  shareholders,  holding  a
majority  of the  shares of our  company  entitled  to vote,  voted to amend our
certificate of  incorporation in accordance with Delaware Law to change our name
to BarPoint.com, Inc.

                                    PART II

     Item 5.  Market for Common Equity and Related Shareholder Matters

         Our common stock is traded on the OTC  Bulletin  Board under the symbol
BPNT. Before we changed our name to BarPoint, our common stock traded on the OTC
Bulletin Board under the symbol HMAT. Prior to our initial public offering under
the name The Harmat  Organization  on  September  9,  1996,  there was no public
trading market for such shares.  The following table sets forth the high and low
closing bid quotations for the company's common stock:


                 Fiscal Year                           High            Low

     2000
     First Quarter (through 12/21/99)                 $15 1/2        $4 3/4

     1999
     First Quarter                                    $ 5/8          $ 1/4
     Second Quarter                                   $31/2          $ 9/16
     Third Quarter                                    $6 3/16        $3 1/8
     Fourth Quarter                                   $5 19/32       $4 1/16



                                                       8

<PAGE>
       1998
     First Quarter                                    $ 3/8          $ 1/8
     Second Quarter                                   $ 1/4          $ 1/8
     Third Quarter                                    $13/32         $ 1/4
     Fourth Quarter                                   $ 3/8          $ 1/8

         The  above  quotations  reflect  inter-dealer  prices,  without  retail
mark-up,   mark-down   or   commission.   These   quotes  are  not   necessarily
representative of actual  transactions or of the value of our common stocks, and
are in all  likelihood  not based upon any  recognized  criteria  of  securities
valuation as used in the investment banking community.

         As of  November  19,  1999  there  were  1,035  record  holders  of our
company's common stock.

          Dividend Policy

         Generally we do not pay dividends  and we have no present  intention of
paying cash dividends in the foreseeable  future.  However,  we declared a stock
dividend of an  aggregate  of 878,770  shares of the  Company's  common stock to
shareholders  of record on June 2, 1999 and distributed on October 19, 1999, pro
rata to their shareholding.

          Recent Sales of Unregistered Securities

         In June, 1999, we issued 6,634,042 shares of common stock in connection
with our acquisition of  BarPoint.com,  Inc. The transaction was valued at $1.90
per share,  but is subject to  adjustment  based on the value of certain  assets
subsequent to the date of closing.  We believe this  transaction  is exempt from
registration under Section 4(2) of the Securities Act of 1933, as amended.

          On June 14, 1999, we completed a private  placement of an aggregate of
541,318 shares of common stock to six accredited investors for gross proceeds of
approximately   $1,028,500.   We  believe  this   transaction   is  exempt  from
registration  under Section 4(2) of the Securities Act of 1933, as amended,  and
Rule 506 promulgated thereunder.

         On August 4, 1999 and August 5, 1999,  the  company  concluded  private
placements  of an  aggregate  of  3,958,550  shares  of  common  stock to Symbol
Technologies,  Inc. and 59 accredited  investors and received  gross proceeds of
approximately  $6,166,500  in cash and a  subscription  note.  We  believe  this
transaction is exempt from registration under Section 4(2) of the Securities Act
of 1933,  as  amended,  and Rule 506  promulgated  thereunder.  (See  "Strategic
Relationships and Acquisition" and "Other Related Transactions".)

     Item 6.  Management's Discussion and Analysis or Plan of Operations

         Overview

          On June 3, 1999,  we  acquired  all issued and  outstanding  shares of
BarPoint.com,  Inc. in exchange for 6,634,042  shares of our common  stock.  The
transaction was accounted for as a reverse acquisition,  as if BarPoint acquired
us, because the former  shareholders  of BarPoint owned a majority of our common
stock after the transaction.  As a result of a post-closing adjustment provision
we issued a stock dividend to owners of shares of Harmat common stock as of June
2, 1999 of a total of  878,770  shares of our  common  stock.  The  consolidated
financial  statements  presented  herein for the periods  prior to the effective
date of the acquisition  only include the accounts of BarPoint,  because we have
discontinued  our prior  real  estate  development  business.  The  consolidated
statement of  shareholders'  equity has been converted from  BarPoint's  capital
structure  to  Harmat's  capital  structure  to reflect  the  exchange of shares
pursuant  to the merger  agreement.  Comparative  financial  statements  are not
included as a result of this reverse acquisition.



                                                       9

<PAGE>
         The financial  statements reflect the financial position and results of
operations  of BarPoint and our  subsidiaries  on a  consolidated  basis,  which
reflects our current organizational  structure. Our policy is to consolidate all
majority -owned subsidiaries.  All inter-company amounts have been eliminated in
consolidation.

          On December 6, 1999,  we  launched a preview  version of our  website,
www.barpoint.com,  which  features a  patent-pending  search engine and software
technology  that allows  consumers to use the  standard UPC barcode  number that
appears on what we believe to be more than 100  million  retail  items to search
for product-specific  information from and shop for products on the Internet. We
intend  to  launch  a more  complete  version  of our  website  with  additional
categories and features in early 2000.

               Results of Operations

          Loss from  operations  were $.05 per  common  share for the year ended
September 30, 1999. As of September 30, 1999, we had no current  revenue stream;
however  with our December 6, 1999 launch of our preview  website,  and our more
complete  launch in early  2000,  we expect to begin to book  revenues.  We also
expect that near term  operational  losses  will  continue  for the  foreseeable
future  because of  advertising,  research and  development  and  administrative
expenses.  We intend to generate future revenues from  commissions,  advertising
and other sources.

         Selling, general and administration expenses were $832,290 for the year
ended September 30, 1999. Selling,  general and administration  expenses consist
primarily of professional fees, hiring of personnel, travel and entertainment.

         Research  and  development  expenses  were  $77,912  for the year ended
September 30, 1999.  Research and  development  expenses  were  primarily due to
development  of our large  database of products  and  information  linked to the
manufacturer's UPC barcode and hiring of personnel.  We anticipate  research and
development expenses will increase significantly in the upcoming year.

         Advertising  expenses  were  $90,800 for the year ended  September  30,
1999.   Advertising   expenses  were  primarily   related  to  developing  brand
recognition and the launch of our website.

         Interest  income was $63,607  for the year ended  September  30,  1999.
Interest  income was  primarily  due to interest  earned  form our money  market
account.

      Liquidity and Capital Resources

          As of September  30, 1999, we had  approximately  $6.0 million in cash
and cash equivalents and $3,223,123 in marketable  securities.  These marketable
securities  consisted of 750,000  shares of  Preferred  Series D stock of Socket
Communications,  Inc. and 425,000  shares of common  stock of  FinancialWeb.Com,
Inc. The shares of FinancialWeb are not saleable for a one year period.

         For the  year  ended  September  30,  1999 , we had cash  flow  used in
operations  of  [$679,294].  The negative cash flow was primarily due to the net
loss from operations.

         For the year ended  September 30, 1999,  net cash provided by investing
activities of $361,549 was primarily  the result of the reverse  acquisition  by
the Harmat Organization, Inc.

         For the year ended  September 30, 1999,  net cash provided by financing
activities of $6,291,700  was primarily the result of proceeds form the sales of
common stock in private  placements.  From June through August 1999, we issued a
total  of  4,499,868  shares  of our  common  stock  in  private  placements  to
accredited  investors  for gross  proceeds of  approximately  $7,195,000,  which
includes a subscription note receivable of $750,000.

         We have federal net operating loss carryforwards (NOL) of approximately
$1,680,000  and expects  these NOL to be  available  in the future to reduce the
federal  income tax  liability of the  Company.  However,  due to the  ownership
change,  resulting from the  stockholders of BarPoint  gaining more than half of
our common stock in the


                                                       10

<PAGE>
merger,  our ability to utilize the NOL is  restricted  under Section 382 of the
Internal Revenue Code.  Therefore,  a tax benefit has been reflected only to the
extent allowable in the current year.

          We believe that cash,  cash  equivalents  and  marketable  securities,
together with  projected cash flow from  operations,  will be sufficient to meet
our liquidity and capital  requirements for the next year, although no assurance
exists  that we will not  require  additional  capital  prior to the end of such
period.

         Subsequent Events

         On November 5, 1999,  BarPoint acquired Synergy Solutions,  Inc., which
creates commercial applications for Palm Computing devices, for 75,000 shares of
BarPoint  common  stock,  $100,000 and  additional  earn out  payments.  Synergy
Solutions  products are currently  sold at major  on-line,  retail,  and catalog
software vendors.

         On  November  4,  1999,  we  converted  750,000  shares  of our  Socket
Communications,  Inc.  Preferred  Series D  holdings  into  1,307,190  of Socket
Communications  common shares which are registered by a prospectus  filed August
3, 1999 and amended November 8, 1999.

         On  September  21, 1999 we entered into a contract of sale to sell land
held for sale for  $175,000.  The sale  closed on  December  18,  1999.  We will
recognize income of approximately $25,000,  before commissions and other selling
expenses.

         On June 3, 1999, we issued three shares of preferred stock, one Class I
share,  one Class II share  and one  Class III  share.  On  December  16,  1999,
pursuant to a stock  exchange  agreement,  voting  rights were  allocated to the
Class I and II shares due to the  cancellation  of our  company's  Class A and B
warrants.  In connection with the cancellation of all Class A Warrants and Class
B Warrants the Company issued 325,000 shares of common stock.  The Class I share
shall vote with the  common  stock and shall have  216,667  votes.  The Class II
share shall vote with the common stock and shall have 108,333  votes.  The Class
III share shall vote with the common stock and shall have 346,766 votes. None of
these shares of preferred stock are entitled to any dividends. All voting rights
for these  preferred  shares end on June 3, 2004.  All three shares of preferred
stock were issued to Leigh Rothschild, our Chairman and Chief Executive Officer.

     Year 2000 Issues

         We may  experience  the effects of the Year 2000 issue  before,  on, or
after  January 1, 2000,  and,  if we do not address  this  issue,  the impact on
operations  and financial  reporting may range from minor errors to  significant
systems'  failures  which could  affect our ability to conduct  normal  business
operations. We believe that by modifying or replacing systems, and by monitoring
the Year 2000 readiness of key external parties, we are mitigating its Year 2000
risks.  However,  we  cannot  assure  our  stockholders  that the  uncertainties
surrounding the Year 2000 issue will not materially and adversely affect us.

           FACTORS AFFECTING OUR OPERATING RESULTS, BUSINESS PROSPECTS
                              AND STOCK PRICE

         This report on Form 10-KSB contains  forward-looking  statements  which
involve risks and  uncertainties.  The factors  described  below,  among others,
could cause our actual results to differ materially from those anticipated.

     Our operating history is limited.

         While our  company  was  founded  in 1995,  we only  began our  current
operations  with the  acquisition  of  BarPoint  in June 1999.  When we acquired
BarPoint it had been in existence  since October 1998.  Therefore our results of
operations from prior periods are not indicative of our future results.  We face
substantial difficulties as an early stage company in a new and rapidly evolving
industry,  and do not have financial  results which are relevant to evaluate our
business and our prospects.



                                                       11

<PAGE>
     We have a history  of  operating  losses  and  expect to  continue  to post
losses.

         We incurred a net loss of $438,595 from our inception through September
30, 1999. Prior to the launch of our preview website on December 6, 1999, we had
no revenues. We expect to continue to incur losses in the foreseeable future due
to  the   advertising,   research   and   development,   selling,   general  and
administrative expenses involved in launching and marketing our website. We have
not yet begun to generate  revenues and we are unable to assure our shareholders
that we will achieve profitability,  or sustain profitability if attained in the
future.

     We expect to experience rapid technological changes and an increase in cost
and competition.

         The  Internet  industry is  relatively  new and has  undergone,  and is
expected to continue to undergo,  significant and rapid  technological  changes.
Market penetration and customer  acceptance of our business will depend upon our
ability to develop  successful  marketing  strategies  as well as our ability to
adapt  to  rapid  technological  changes  in  the  industry  and  integrate  our
technology into emerging wireless access devices and other Internet  appliances.
We also expect that new competitors  may introduce  systems or services that are
directly or indirectly  competitive with those of our company. These competitors
may succeed in developing  systems and services that have greater  functionality
or are less costly than our systems and services,  and may be more successful in
marketing such systems and services.

     We recently launched our website and may not achieve market acceptance.

          Our success depends on a sufficient number of Internet users utilizing
our specific technology to enable us to achieve profitable operations. We cannot
predict  whether the technology,  licenses,  and business plan we have developed
will  appeal as a package to Internet  users.  Wide  market  acceptance  will be
necessary to generate profits and enable us to continue in the marketplace.

     We are  dependent  on the Internet  and third party  Internet  providers to
conduct business.

         We are dependent on the Internet and third party Internet  providers to
conduct our business. If the Internet were to experience technical  difficulties
that limit our ability to provide  information  through our  website,  limit our
customers' access to our website,  or impair our ability to effectively  process
information through the Internet,  our business would be adversely affected.  We
have an agreement  with a third party to host our website from their facility in
California.  At this time we do not have a redundant  host  center.  If our host
center in  California  experiences  technical  difficulties,  our website may be
unavailable  and our business,  reputation,  financial  condition and results of
operation may suffer.

         We may experience the adverse effect of economic downturn.

         Our system is dependent upon our customers'  shopping habits,  consumer
spending capability and their ability to access the Internet. In the event of an
economic  downturn  or  change  in  consumer  patterns,  our  business  could be
adversely affected.  For example, if the economy declines,  the public's ability
and desire to shop or spend  money may  significantly  decrease.  A shift in the
economic  environment may cause the public to limit their consumer spending.  In
addition,  a  customers'  ability to purchase a computer and access the Internet
may equally be affected in an economic downturn.



                                                       12

<PAGE>
     Our current  officers and directors can act together to control the actions
of our company.

         As of December 23, 1999,  our  executive  officers and  directors own a
total of 3,590,969 shares,  representing  approximately 23.3% of our outstanding
common  stock.  In  addition,  Leigh  Rothschild  holds three shares of Series A
Preferred  Stock  that  vote  with the  common  stock.  Class I of the  Series A
Preferred Stock has 216,667 votes,  Class II of the Series A Preferred Stock has
108,333 votes,  and Class III of the Series A Preferred Stock has 346,766 votes.
Jay Linn, one of our directors, is the trustee of Irrevocable Trust No. III, one
of our  shareholders  who owns  4,973,328  shares of our common stock.  Mr. Linn
disclaims all beneficial  ownership of these shares.  As a result,  our officers
and  directors  are able to control the election of directors and the outcome of
other  matters  that come  before the  shareholders.  They may defeat a proposed
merger or acquisition which some of our stockholders may consider to be in their
best  interest.  Management's  stock  ownership  and  voting  control  may  also
discourage  potential  acquirers from making a tender offer or other proposal to
obtain control of our company,  even at a premium to the then  prevailing  stock
price.

We  may  need  to  incur  litigation   expenses  in  order  to  defend  our
intellectual property rights and might nevertheless be unable to adequately
protect these rights.

         We may need to engage in costly  litigation to enforce our intellectual
property  rights,  to protect our trade secrets or to determine the validity and
scope of the  intellectual  property  rights of others.  We have applied for one
patent and expect to apply for additional  patents,  as we deem appropriate.  We
cannot assure you that our efforts to prevent  misappropriation  or infringement
of our intellectual property will be successful. An adverse determination in any
litigation  of this type  could  require us to make  significant  changes to the
structure  and  operation  of our online  services  and  features  or to license
alternative  technology  from  another  party.  Implementation  of any of  these
alternatives could be costly and  time-consuming and may not be successful.  Any
intellectual  property  litigation would likely result in substantial  costs and
diversion of resources and management attention.

          Our success largely depends on our trademarks and internally developed
technologies, including our Internet systems and lead-delivery systems, which we
seek to protect through a combination of patent, trademark,  copyright and trade
secret laws.  Protection of our trademarks is crucial as we attempt to build our
brand name and reputation.  Despite actions we take to protect our  intellectual
property  rights,  it may be  possible  for third  parties to copy or  otherwise
obtain and use our  intellectual  property  without  authorization or to develop
similar technology  independently.  In addition, legal standards relating to the
validity, enforceability and scope of protection of intellectual property rights
in Internet-related businesses are uncertain and still evolving. Although we are
not  currently  engaged  in any  lawsuits  for  the  purpose  of  defending  our
intellectual  property  rights,  we may need to engage in such litigation in the
future.  Moreover,  we may be unable to maintain  the value of our  intellectual
property rights in the future.

         Because of the growth of the Internet and Internet related  businesses,
patent   applications  are  continuously  and  simultaneously   being  filed  in
connection with Internet related  technology.  There are a significant number of
U.S. and foreign patents and patent  applications in our areas of interest,  and
we believe  that there has been,  and is likely to continue  to be,  significant
litigation  in the industry  regarding  patent and other  intellectual  property
rights.

         In  addition,   while  there  can  be  no  assurance  that  our  patent
applications will result in the issuance of patents,  however, in the event that
they do, we may  still not be aware of  current  patents  or other  intellectual
property  that  already  exist  similar to our own.  While we  believe  that our
technology  does not  infringe  on the  proprietary  rights  of  others,  we may
inadvertently  infringe upon third parties' patents and intellectual property in
the future.  We may be  challenged  as to the validity of our current and future
patents  and patent  applications,  and asked or  mandated to modify our systems
accordingly or even  discontinue our operations.  There can be no assurance that
such third  parties will not assert such claims of  infringement  against us and
that such claims will not lead to litigation.




                                                       13

<PAGE>
     If third parties acquire domain names that are similar to our domain names,
     they could  decrease the value of our  trademarks  and take  customers away
     from our website.

         We currently  hold the  Internet  domain name  BarPoint.com  as well as
various  other  related  names.  We may be unable to prevent  third parties from
acquiring similar domain names,  which could reduce the value of our trademarks,
potentially  weaken our brand  name and take  customers  away from our  website.
Domain  names  generally  are  regulated  by  Internet  regulatory  bodies.  The
regulation  of domain  names in the United  States and in foreign  countries  is
subject  to  change  in the  near  future.  Regulatory  bodies  could  establish
additional  top-level  domains,  appoint  additional  domain name  registrars or
modify the  requirements  for holding  domain names.  The  relationship  between
regulations  governing  domain names and laws protecting  trademarks and similar
intellectual property rights is unclear.  Therefore, we may be unable to prevent
third  parties  from  acquiring  domain  names that  infringe  on, or  otherwise
decrease the value of, our trademarks and other intellectual property rights. We
believe other online companies in other countries may be using domain names that
potentially  infringe on our  trademarks.  We may be unable to prevent them from
using these domain names,  and this use may decrease the value of our trademarks
and our brand name.

     We may be unable to successfully compete in the highly competitive Internet
consumer business.

         The Internet  consumer  market is a new and rapidly  emerging  area. We
face  competition  from a number of established  competitors  who offer consumer
goods and items on the  Internet,  including  Yahoo,  Lycos  and  Excite,  which
provide search engines to potential consumers. In addition to the search engines
are comparative  price shopping  websites such as mysimon.com,  dealtime.com and
checkout.com.  These  websites  offer  similar  comparative  price  shopping  as
BarPoint and are expected to be our main  competitors.  Many of our  competitors
have greater  financial,  technical,  marketing and other  resources.  We expect
competition  to intensify in the future.  As the Internet  continues to displace
the  traditional  ways of shopping  and consumer  spending,  we believe that the
number of  companies  involved in  providing  online  consumer  information  and
comparative price shopping,  will increase their efforts to develop services and
marketing  programs that compete with our approach.  We are unable to anticipate
which other  companies  are likely to offer  competitive  services and marketing
approaches in the future.

         We are dependent on the proliferation of third party products.

         Our company has no direct control over the proliferation of third party
products  which  either  presently,  or in the future  intends  to,  utilize our
technology.  Failure of consumers  to be able to adopt or attain our  technology
through the widespread  distribution of such products could impact our company's
ability to achieve our business model and generate revenues.

         One aspect of our strategy  depends on  integrating  our technology and
software into mobile  Internet access devices such as PDAs,  interactive  pagers
and  cellular  phones such as the Palm VII,  Bidiretional  Pager,  and  Internet
photos.  If the devices  that  contain our software or for which our software is
available,  do not achieve market  acceptance,  we will not generate  sufficient
traffic and revenues to offset the costs associated with this strategy.  Even if
these devices  achieve  market  acceptance,  technical  difficulties  that limit
access to our database  could  adversely  affect our  business.  There can be no
assurance that such proliferation will occur in time to provide us with adequate
revenue during the development phase of the business.

         In addition,  we intend to continue to enter into agreements with third
parties to make our technology  available through new computer devices,  such as
our agreement with Symbol Technologies.  Our success depends upon our ability to
enter into  these  agreements  and renew them on  favorable  terms  after  their
expiration.  Moreover,  if these  agreements  terminate,  or if the third  party
experience  technical  difficulties  causing us to lose access to these devices,
our business would be materially and adversely affected.

     We have a need for highly qualified personnel.

         The success of our business will depend upon our ability to attract and
retain  personnel with a wide range of technical  capabilities.  Competition for
such personnel is intense,  and is expected to increase in the future. If we are
unable to attract and retain  qualified  personnel,  our business and results of
operations will be adversely affected.


                                                       14

<PAGE>
     Reduced barriers to entry may increase competition.

         Technological changes have lowered the cost of operating communications
and computer systems and purchasing  software.  These changes reduce our cost of
providing  services  but  also  facilitate  increased  competition  by  reducing
competitors'  costs  in  providing  similar  services.  This  competition  could
increase price competition and reduce anticipated profit margins.

     We  may be  vulnerable  to  attempts  by  unauthorized  computer  users  to
penetrate our network security.

         Someone may be able to misappropriate proprietary information and cause
interruptions  in our services.  We may need to expend  significant  capital and
resources  to  protect  against  the  threat  of such  security  breaches  or to
alleviate  problems caused by such breaches.  In addition to security  breaches,
inadvertent  transmission of computer viruses could expose us to risk of loss or
litigation and possible liability.

         The nature of our business is highly seasonal.

          The revenues and  operations of companies in the  e-commerce  business
are subject to  seasonal  variations  and have  typically  increased  during the
months of November and December,  and declined after the holiday months. We have
only  "soft-launched"  our  website as of  December 6, 1999 and do not intend to
launch a more  complete  version of our website  until after the busier  holiday
months,  in early  2000.  This  could  have a  material  adverse  impact  on the
operating results and our ability to achieve profitable operations.

     We may need additional financing.

         We intend to fund our  operations  and other capital needs for the next
12 months from the date of this report  substantially from revenues generated by
our planned operations,  investments, the proceeds of our recent acquisition and
private  placements.  Because we only recently launched our website,  we may not
adequately   predict  our  costs  and  expenses  and  available   funds  may  be
insufficient.  Additional  financing may not be available on acceptable terms if
at all.

         We have a limited history of trading.

         We have been trading on the OTC Bulletin Board since our initial public
offering  (IPO) in September  1996.  Since our IPO, we conducted a low volume of
trading until our June 3, 1999  acquisition and subsequent  change from our real
estate  investment  business into our current Internet  business.  Since June 3,
1999,  we have been trading at a  significantly  increased  volume and at higher
prices.  There can be no assurance that an active market for our securities will
be sustained in the future.

          The market price for our company's  common stock may be  significantly
affected  by  such  factors  as our  company's  financial  results,  changes  in
technology, changes in the Internet, new competition,  consumer demands, a shift
in products  that carry our  technology,  any change to the UPC  barcode  number
system, or any change in consumer spending habits.

         Additionally,  in recent years, the stock market has experienced a high
level of price and  volume  volatility,  and market  prices for many  companies,
particularly  small and emerging growth companies as well as Internet/high  tech
companies,  the  stocks  of which  trade in the  over-the-counter  market,  have
experienced  wide price  fluctuations  not necessarily  related to the operating
performance of such companies.  The market price for our company's  common stock
may be affected by general stock market volatility.

         We may be subject to increased government regulations in the future.

         We are subject to the risks  associated  with changes in United  States
regulatory  requirements.  There  can  be  no  assurances  that  more  stringent
regulatory  requirements  and/or safety and quality standards will not be issued
in the  future  with an  adverse  effect  on the  business  of our  company.  In
addition,  use of our website could be adversely affected if third parties, such
as our Internet system provider as well as the Internet system providers of our


                                                       15

<PAGE>
customers, adopted stricter safety standards or become more heavily regulated by
the Federal Communications Commission.

         We rely on third party distributors.

The products that are sold through our website rely on third party distributors,
retailers and suppliers.  Such reliance upon third party distribution and supply
sources  subjects  our company to risks of business  failure by such  individual
distributors and credit, inventory and business concentration risks.

The sale of our  investment  securities  may affect our  liquidity  and  capital
resources.

         We have $3,223,123 in marketable  securities.  These securities consist
of 1,307,190 common shares of Socket Communications,  Inc. and 425,000 shares of
common  stock of Financial  Web.com,  Inc.  The Socket  shares are  unrestricted
securities  and may be traded at any time.  In the event we  decided to sell our
shares in Socket our liquidity  and capital  resources  could be materially  and
adversely affected.

     The price of our stock may decrease as a result of sales under Rule 144.

         As of December  23,  1999,  13,304,983  shares of common  stock held by
present  shareholders  had not been registered under the Securities Act of 1933.
These  shares can only be sold  pursuant to an exemption  from the  registration
requirements  of the Securities Act and may be sold in compliance  with Rule 144
under the Securities  Act. Sales of substantial  amounts of stock under Rule 144
could adversely affect the market price of the shares and make it more difficult
for us to sell our stock in the future.

     The  failure  of  third  party  vendors  to be year  2000  compliant  could
adversely affect us.

         Certain entities with which we transact business,  including  customers
and vendors may suffer from the year 2000  problem.  We cannot be certain  their
products or systems are year 2000  compliant.  We cannot  predict the effects of
the year 2000  problem on such  entities or on the  economy in  general,  or the
resulting  effects on us. We may suffer  interruptions or additional  expense or
lose revenue to the extent customers or vendors are not compliant.

     Our authorized preferred stock may have anti-takeover effects.

         Our  certificate  of  incorporation  authorizes  the  issuance of up to
5,000,000  shares of  preferred  stock,  $.001 par value per  share.  Only three
shares  of  preferred  stock  have  been  designated  and  issued.  Our board of
directors is  authorized  to issue  shares of preferred  stock from time to time
with the relative  conversion  rights,  voting  rights,  terms of redemption and
liquidation  preferences the directors  designate.  If shares of preferred stock
with voting rights are issued,  such issuance  could affect the voting rights of
the holders of our common stock by increasing the number of  outstanding  shares
having voting rights,  and by the creation of class or series voting rights.  If
our board of directors authorizes the issuance of shares of preferred stock with
conversion  rights,  the number of shares of our common stock  outstanding could
potentially be increased by up to the authorized  amount.  Issuance of shares of
preferred stock could, under certain circumstances,  have the effect of delaying
or  preventing a change in control of our company and may  adversely  affect the
rights of holders of our common  stock.  Also,  the  preferred  stock could have
preferences  over the common stock (and other  series of  preferred  stock) with
respect to dividends  and  liquidation  rights.  In  addition,  the terms of any
series of preferred  stock,  could adversely affect the rights of holders of the
common stock.  The issuance of preferred stock could make the possible  takeover
of our  company or the  removal of our  management  more  difficult,  discourage
hostile  bids for  control of our  company  in which  stockholders  may  receive
premiums  for their  shares of common  stock or  otherwise  dilute the rights of
holders of common stock and the market price of the common stock.

         On June 3, 1999, we issued three shares of preferred stock, one Class I
share,  one Class II share and one Class III share. The Class I share shall vote
with the common  stock and shall have  216,667  votes.  The Class II share shall
vote with the common  stock and shall have  108,333  votes.  The Class III share
shall vote with the common  stock and shall have  346,766  votes.  None of these
shares of preferred stock are entitled to any dividends.


                                                       16

<PAGE>
All voting  rights  for these  preferred  shares end on June 3, 2004.  All three
shares of  preferred  stock were issued to Leigh  Rothschild,  our  Chairman and
Chief Executive Officer.

     Item 7.  Financial Statements

         The financial  statements  required by this Item 7 are set forth at the
pages indicated in Item 13 below.

Item 8.  Changes in and Disagreements with Accountants on Accounting and
          Financing Disclosure

None.



                                                       17

<PAGE>
                                                     PART III

Item 9. Directors,  Executive Officers, Promoters and Control Persons;
        Compliance with Section 16(a) of the Registrant

         The following is a list of our  executive  officers and directors and a
brief summary of their business experience and certain other information are set
forth below:


     Name                      Age            Title

Leigh M. Rothschild            47      CEO and Chairman
Jeffrey W. Sass                40      Chief Operating Officer, Executive
                                        Vice President, Secretary and Director
Seymour G. Siegel              57      Treasurer and Director
David W. Sass                  64      Director
Matthew C. Schilowitz          36      Director
Jay Howard Linn                65      Director
Kenneth Jaeggi                 53      Director

          The biographies of our directors are as follows:

          Leigh M. Rothschild.  Prior to founding  BarPoint.com in October 1998,
          Mr.  Rothschild was President and Chief Executive Officer of Intracorp
          Entertainment,  Inc.,  a  consumer  software  company  with  worldwide
          product  distribution  that he founded in 1984.  Mr.  Rothschild  is a
          former  presidential  appointee to the  High-Resolution  Board for the
          United States under former President George W. Bush. He has served two
          Florida governors on technology boards and served as a special advisor
          to the their Florida  Secretary of Commerce,  now Governor,  Jeb Bush.
          Prior to founding Intracorp, Mr. Rothschild was a real estate investor
          and founded several high technology  companies.  Mr. Rothschild has an
          undergraduate  degree from and has also done post graduate work at the
          University of Miami.

          Jeffrey W. Sass.  Prior to joining  BarPoint  in June 1999,  Mr.  Sass
          formed, in July 1997, the Marketing Machine, a full-service  marketing
          agency and consulting firm,  servicing  clients in computer  hardware,
          software  and other  industries.  From April 1995 through July 1997 he
          served as Vice President of marketing at Intracorp Entertainment. From
          July 1994 through April 1995 Mr. Sass was the director of marketing of
          Gametek, Inc. Mr. Sass is a graduate of Cornell University.

          Seymour G. Siegel. Mr. Siegel became a director of our company in July
          1995.  Mr. Siegel is a CPA and from  1969-1990 was senior  partner and
          founder of Siegel Rich & Co. P.C.  (Siegel Rich),  an accounting  firm
          specializing  in  privately  owned   businesses  and  high  net  worth
          individuals.  In 1990,  Siegel Rich merged with M.R.  Weiser & Co. Mr.
          Siegel stayed on as a senior  partner  until 1994,  when he co-founded
          Siegel  Rich  Incorporated,  a firm  providing  advisory  services  to
          businesses regarding mergers and acquisitions, long-range planning and
          problem  resolution.  Mr. Siegel is also a former  director of the Oak
          Hall Capital Fund and Prime Motor Inns, L.P.

          David W. Sass.  Mr. Sass has been a director of our company since July
          1995. For the past 39 years,  Mr. Sass has been a practicing  attorney
          in New York City and is currently a senior  partner in the law firm of
          McLaughlin  &  Stern,  LLP,  counsel  to our  company.  Mr.  Sass is a
          director of Genisys  Reservation  Systems,  Inc., a company engaged in
          the Internet  travel  business;  an officer of Westbury  Metals Group,
          Inc. a company engaged in the refining of precious  metals; a director
          of  Pallet  Management   Systems,   Inc.  a  company  engaged  in  the
          manufacture and repair of wooden pallets and other packaging  services
          and a member  and Vice  Chairman  of the Board of  Trustees  of Ithaca
          College.

          Matthew C.  Schilowitz.  Mr.  Schilowitz  has been a  director  of our
          company since its inception in 1995 and from  inception  until June 3,
          1999,   was  our  president   and   chairman.   Prior  to  The  Harmat
          Organization, Inc., Mr. Schilowitz was President of Harmat Homes, Inc.
          Mr.  Schilowitz  has a B.A.  in  finance from the AB Freeman School
          of Business at Tulane University.



                                                       18

<PAGE>
          Jay Howard  Linn.  Mr. Linn has been a director  of our company  since
          July 1999. Since 1995, he has practiced in his own firm as a certified
          public accountant.  Prior to going out on his own, he was a partner at
          the CPA firm of Moss & Linn for 14 years in North Miami, Florida.

          Kenneth  Jaeggi.  Mr.  Jaeggi  became a  director  of our  company  in
          September  1999.  He is the Senior Vice  President  of Finance and the
          Chief Financial Officer of Symbol Technologies,  Inc. From May 1996 to
          May  1997,  he was a member  of the  Office  of the  Chairman  and the
          Operating Committee of Electromagnetic  Sciences in Atlanta,  GA. From
          December  1992  until  May 1996,  Mr.  Jaeggi  served  as Senior  Vice
          President,    Chief    Financial    Officer    and    consultant    of
          Scientific-Atlanta,  Inc.,  a leading  producer  of cable  network and
          satellite communications systems.

          David W. Sass, one of our directors, is the father of Jeffrey W. Sass,
          our Chief Operating Officer and Executive Vice President.

          Messrs.  Leigh Rothschild and Jeffrey Sass were previously employed by
          a  company,  Intracorp  Entertainment,  Inc.  which on October 4, 1996
          filed a voluntary  petition for relief under  Chapter 11 of the United
          States Bankruptcy Code. Messrs. Jeffrey Sass and Leigh Rothschild were
          officers of  Intracorp,  and are now current  officers of the company.
          The filing of this  bankruptcy  petition was caused,  in part,  by the
          failure  and  subsequent  bankruptcy  of  two  of  Intracorps  largest
          accounts    receivable    debtors.    Intracorp    operated    as    a
          debtor-in-possession under case number 96-16276-BKC-RAM, United States
          Bankruptcy  Court for the Southern  District of Florida.  On March 20,
          1998, the  Bankruptcy  Court entered its order  converting  Intracorps
          bankruptcy case to a case under Chapter 7 of the U.S. Bankruptcy Code.
          Marcia  Dunn  was   appointed  as  Chapter  7  Trustee  and  undertook
          liquidating the remaining assets of Intracorp.

     Compliance With Section 16(a) of the Securities Exchange Act of 1934

         Section  16(a) of the  Securities  Exchange  Act of 1934,  as  amended,
requires certain  officers,  directors,  and beneficial  owners of more than ten
percent of our common stock to file  reports of  ownership  and changes in their
ownership of our equity securities with the Securities and Exchange  Commission.
Based  solely on a review of the reports  and  representations  furnished  to us
during  the last  fiscal  year,  we  believe  that each of these  persons  is in
compliance with all applicable filing requirements.



                                                       19

<PAGE>
         Item 10.          Executive Compensation

         Summary   Compensation  Table.  The  following  table  sets  forth  the
aggregate  cash  compensation  paid for services  rendered to our company during
each of our company's last three fiscal years by all  individuals  who served as
our  company's  Chief  Executive  Officer  during the last  fiscal  year and our
company's most highly  compensated  executed  officers who served as such during
the last fiscal year.
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                                         Annual Compensation                 Long-Term Compensation

                                                                     Other
                                                                    Annual
   Name and Principal                                              Compensa     Securities Underlying
       Position               Year         Salary($)      Bonus    tion ($)          Options SARs

     Leigh M. Rothschild(1)   1999      $66,667
   Chief Executive
     Officer

   Jeffrey W. Sass (1)        1999      $50,000
    Executive Vice President

   Matthew C. Schilowitz(2)   1999      $150,000                                190,615 shares of common
                                                                                stock

  Director/Consultant         1998      $155,000                                576,748 shares of common
                                                                                stock
                              1997      $105,000                                346,049 shares of common
                                                                                stock
</TABLE>
          (1) Messrs.  Rothschild and Sass were employed by our company for only
          four  months of our  fiscal  1999  year and  salary  payments  amounts
          reflect for a partial year.

          (2) The Plan for Incentive  Compensation of Matthew C. Schilowitz (the
          Schilowitz  Incentive  Plan) was adopted by the Board of Directors and
          approved by our companys stockholders on March 1, 1996, amended August
          3, 1996, March 24, 1997 and June 19, 1998.  Pursuant to the Schilowitz
          Incentive Plan, Mr.  Schilowitz has been granted an option to purchase
          up to an  aggregate  of  500,000  shares of  common  stock at $.35 per
          share,  which has been adopted to 576,748  shares  exercisable at $.30
          per share.

              On March 24, 1997, as part of our company's 1996  Incentive  Stock
     Option Plan, Mr.  Schilowitz was granted options to purchase 300,000 shares
     of our  company's  common  stock at an exercise  price of $2.337 per share,
     being 110% of the fair market value of such shares on the date of grant. On
     June 19, 1998 our company  reduced the  exercise  price of such  options to
     $.35,  and then later  reduced to its  current  price at $.30 per share and
     adjusted  the  number of shares to  346,049,  as a result of  anti-dilution
     provisions provided in the plan. The options have a duration of five years.

              In connection with services rendered, the new consulting agreement
     issued by Matthew  Schilowitz  relating  to the  collectability  of certain
     assets of The Harmat  Organization,  Mr.  Schilowitz was awarded options to
     purchase an  aggregate  of 190,615  shares at $1.90 per share,  exercisable
     over a five year period.

     Employment Agreements

              In addition, we entered into three year employment agreements with
     Leigh  M.  Rothschild  and  Jeffrey  W.  Sass and a three  year  consulting
     agreement with Matthew C. Schilowitz. Mr. Rothschild's employment agreement
     provides  for a base  salary of  $200,000 in the first year with a raise of
     $50,000  in each of the  second  and third  years.  Mr.  Sass's  employment
     agreement  provides  for a base salary of $150,000 in the first year with a
     raise of $25,000 in each of the second and third years.  In addition,  each
     of Messrs.  Rothschild  and Sass is  eligible to  participate  in our Bonus
     Incentive  Plan and our employee  benefit  plans,  and each  receives a car
     allowance  of $750 per  month.  Upon  termination  other  than for death or
     disability, each will continue to receive his base salary for the remainder
     of the  term  and  retain  any  stock  options  whether  or not  vested  or
     exercisable.  Under his consulting agreement, Mr. Schilowitz receives a fee
     of $150,000 for the first year, $175,000 for the


                                                       20

<PAGE>
     second year and  $200,000  for the third year.  He may  participate  in our
     employee  benefit plans to the extent eligible and receives a car allowance
     of $750 per month.  In  addition,  he will receive a bonus in the amount of
     60% of the bonus  granted  to Mr.  Rothschild,  if and when Mr.  Rothschild
     receives a bonus pursuant to his  employment  agreement.  Upon  termination
     other than for death or disability, Mr. Schilowitz will continue to receive
     his base fee for the  remainder  of the term and retain  any stock  options
     whether or not vested or exercisable.

Stock Option Plans

         In March 1996, we adopted a plan for incentive  compensation of Matthew
C.  Schilowitz,  who is currently a director and consultant and was our chairman
and president.  This plan was amended in August 1996,  March 1997 and June 1998.
Under this plan, Mr.  Schilowitz has been granted an option to purchase up to an
aggregate of 500,000  shares of common  stock at $.35 per share,  which has been
adjusted  to 576,748  shares of common  stock at an  exercise  price of $.30 per
share as a result of dilution protection. In conjunction with the acquisition of
BarPoint all such options have become fully vested.

         In February  1996,  the Board of Directors  adopted the 1996  Incentive
Stock Option Plan providing for awards of up to a total of 400,000 shares of our
common  stock.  In January  1997,  we granted five year  options  under the Plan
providing  for 10,000 shares at a price of $2.125 per share ($.35 as amended) to
four directors and three key employees of The Harmat Organization.  During 1998,
10,000 of these options were forfeited  with the  termination of employment of a
key  employee.  During the year ended  September 30, 1999,  60,000  options were
exercised.

              On March 24, 1997, as part of our company's 1996  Incentive  Stock
Option Plan, Mr.  Schilowitz was granted  options to purchase  300,000 shares of
our company's common stock at an exercise price of $2.337 per share,  being 110%
of the fair market  value of such shares on the date of grant.  On June 19, 1998
our company  reduced the exercise  price of such options to $.35, and then later
reduced to its current price at $.30 per share and adjusted the number of shares
to 346,049,  as a result of anti-dilution  provisions  provided in the plan. The
options have a duration of five years.

             As part of the acquisition we authorized five year options to
purchase 800,000 shares of our common  stock at an  exercise  price of $1.90
per share.  Such  options  vest as follows: one-third after June 3, 2000;
one-third after June 3, 2001 in the event we achieve  revenues of  $24,500,000
in the second year and one third after June 3, 2002 in the event we achieve
revenues of  $89,500,000  in the third year. To date  all  of the  options have
been  granted  to  certain  of our  employees, management and the original
BarPoint shareholders.

         The 1999 Plan for  Incentive  Stock Options was adopted by the Board of
Directors on September 17, 1999, subject to stockholder approval, authorizing us
to grant five year options to purchase  1,500,000  shares of our common stock at
fair  market  value at date of grant,  with the  exception  of grants to certain
officer's at 85% of the fair market value at the date of grant. To date, 919,000
options have been granted.


                                                       21

<PAGE>
         Option/SAR Grant Table

              The table below sets forth the following  information with respect
     to options granted to the named executive  officers during fiscal year 1999
     and the potential  realizable value of such option grants (1) the number of
     shares of common stock underlying  options granted during the year, (2) the
     percentage that such options  represent of all options granted to employees
     during the year, (3) the exercise price, and (4) the expiration date.
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                                                                         Individual Grants




                                                       Number of                 Percent
                                                      Securities                 of Total
                                                      Underlying                 Options/SARs
                                                     Options/SARs                Granted to
                                                                                 Employees
                                                                                    in
              Name                                    Granted                    Fiscal                Exercise          Expiration
                                                                                 Year                  Price               Date
                                                                                                        ($/Sh)


     Leigh M. Rothschild...............                -0-                         0%                     -                   -
       CEO and  Chairman

     Jeffrey Sass......................                -0-                         0%                     -                   -
      Chief Operating Officer, Executive
      Vice President and Secretary

     Matthew Schilowitz................             190,615                      32.7%                 $1.90             6/3/ 2004
      former CEO Consultant

</TABLE>
     Option Exercises and Values for 1999

              The table below sets forth the following  information with respect
     to option  exercises  during  fiscal  1999 by each of the  named  executive
     officers  and the status of their  options at  September  30,  1999 (1) the
     number of shares of common stock  acquired upon exercise of options  during
     fiscal 1999,  (2) the aggregate  dollar value realized upon the exercise of
     such options, (3) the total number of exercisable and non exercisable stock
     options held at September 30, 1999,  and (4) the aggregate  dollar value of
     in-the-money exercisable options at September 30, 1999.
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                                                       AGGREGATED
                                          OPTION VALUES ON SEPTEMBER 30, 1999

                                                      Number of Securities                    Value of Unexercised
                                                     Underlying Unexercised                   In-the-Money Options
                                                       Options at 9/30/99                         at 9/30/99(1)

     Name                            Exercisable              Unexercisable              Exercisable      Unexercisable

     Leigh M. Rothschild              -0-                       -0-                       -0-                -0-

     Jeffery Sass                     -0-                       -0-                       -0-                -0-

     Matthew C.Schilowitz          1,113,412                    -0-                  $4,580,111.11           -0-

     -------------------------
      1.     Values are  calculated by  subtracting  the exercise price from the
             fair market value of the underlying  common stock.  For purposes of
             this table, fair market value is deemed to be $4.6875,  the average
             of the  high and low bids  for our  common  stock  price on the OTC
             Bulletin Board on September 30, 1999.


</TABLE>

                                                       22

<PAGE>
  Item 11.      Security Ownership of Certain Beneficial Owners and Management

               (a)    Security Ownership of Certain Beneficial Owners

                                  The  following  tabulation  shows the security
                      ownership as of December 23, 1999 of (i) each person known
                      to us to be the  beneficial  owner of more  than 5% of our
                      outstanding  common stock;  (ii) each of our directors and
                      executive  officers  and  (iii) all of our  directors  and
                      executive officers as a group. As of December 23, 1999, we
                      had   15,407,983   shares  of  common   stock  issued  and
                      outstanding.
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


      Name & Address                                        Number of Shares Owned                Percent of Class

      Leigh M. Rothschild (1)(4)
      c/o BarPoint.com
      One East Broward Blvd.
      Suite 410                                                          926,818                              6.0%
      Ft. Lauderdale, FL 33301

      Irrevocable Trust No. III (2)
      c/o Jay Howard Linn, Trustee
      1160 Kane Concourse, Suite 205                                   4,973,328                             32.3%
      Miami, Fl. 33154

      David W. Sass (3)(7)
      c/o McLaughlin Stern, LLP
      260 Madison Avenue                                                   69,817                               *
      New York, NY 10016

      Matthew C. Schilowitz (5)
      PO BOX 108                                                                                             12.8%
      Remsenburg, NY 11960                                            1,976,012

      Jeffrey W. Sass (6)
      c/o BarPoint.com
      One East Broward Blvd.                                                                                  3.1%
      Suite 410                                                         487,192
      Ft. Lauderdale, FL 33301

      Seymour Siegel(8)                                                  59,817                                 *
      c/o Siegel Rich, Inc.
      295 Madison Avenue
      Suite 926
      New York, NY 10017

      Jay Howard Linn(9)                                                 71,313                                  *
      1160 Kane Concourse, Suite 205
      Miami, Fl. 33154

      Kenneth Jaeggi(10)
      Symbol Technologies
      One Symbol Plaza                                                     0                                    *
      Holtsville, NY 11742-1300

      Symbol Technologies(11)
      One Symbol Plaza
      Holtsville, NY 11742-1300                                    1,355,789                                  8.8%




                                                       23

<PAGE>

      Name & Address                                        Number of Shares Owned                Percent of Class

      All Officers and Directors                                  3,590,969                                23.3%
      as a Group (7 persons)
      (1)(3)(4)(5)(6)(7)(8)(9)(10)

</TABLE>
               *   Represents an amount less than one (1%) percent.

          (1) Does not include  156,736  shares and  options to purchase  16,730
          shares at an  exercise  price of $1.90 per share,  owned by Mr.  Leigh
          Rothschild's  brother or 156,736 shares and options to purchase 16,730
          shares at an exercise price of $1.90 per share owned by the Rothschild
          Children  Present  Interest Trust, nor 4,973,328 shares and options to
          purchase 548,660 shares at an exercise price of $1.90 per share, owned
          by the  Irrevocable  Trust No. III,  in all of such  shares Mr.  Leigh
          Rothschild disclaims any beneficial interest.

          (2) Does not include  156,736  shares and  options to purchase  16,730
          shares  at an  exercise  price  of  $1.90  per  share,  owned  by  The
          Rothschild  Children's  Present  Interest  Trust nor 31,213 shares and
          options to purchase  3,343  shares at an  exercise  price of $1.90 per
          share,  owned by Jay Howard  Linn,  the  trustee of both  trusts,  nor
          options to purchase  548,660  shares at an exercise price of $1.90 per
          share.

          (3) Does not  include  79,609  shares and  options to  purchase  8,498
          shares at an exercise price of $1.90 per share,  owned by McLaughlin &
          Stern,  LLP, counsel to our company,  of which firm David W. Sass is a
          member. David W. Sass is the father of Jeffrey W. Sass.

          (4) Does not include  options to purchase 66,908 shares at an exercise
          price of $1.90 per share.  Includes options to purchase 300,000
          shares at $6.97 pursuant to our company's 1999 Stock Option Plan.

          (5) Includes  options to purchase  190,615  shares at $1.90 per share,
          options to  purchase  180,000  shares at $6.97 per  share,  options to
          purchase  346,049  shares  pursuant  to the  1996  Stock  Option  Plan
          exercisable  at $.30 per share and options to purchase  576,748 shares
          at $.30 per share under his former employment agreement.

          (6) Does not include  options to purchase 66,650 shares at an exercise
          price of $1.90 per share.  Includes options to purchase 255,000 shares
          at $6.97 pursuant to our company's 1999 Stock Option Plan.

          (7)  Includes  options  to  purchase  40,000  shares  pursuant  to our
          company's 1999 Stock Option Plan.

          (8)  Includes  options  to  purchase  20,000  shares  pursuant  to our
          company's 1999 Stock Option Plan.

          (9)  Includes  options  to  purchase  40,000  shares  pursuant  to our
          company's  1999 Stock Option Plan.  Does not include shares or options
          (as set  forth  in this  table)  owned  by the  Rothschild  Children's
          Present  Interest Trust or the  Irrevocable  Trust  Agreement III. Mr.
          Linn is a trustee of both trusts. Does not include options to purchase
          3,344 shares at an exercise price of $1.90 per share.

          (10) Does not include  1,315,789 shares owned by Symbol  Technologies,
          which company Mr. Jaeggi is Senior Vice President and Chief  Financial
          Officer and disclaims any beneficial ownership thereof.

          (11)  Includes  options to  purchase  40,000  shares  pursuant  to our
          company's 1999 Stock Option Plan.


     Item 12.         Certain Relationships and Related Transactions

     The June 3, 1999 Acquisition

         Our  company's  present  business and  technology  was acquired  from a
Florida  corporation by the name of  BarPoint.com,  Inc. We acquired the Florida
corporation   of   BarPoint.com,   Inc.  when  our  company,   then  The  Harmat
Organization,  Inc.,  purchased  all of the  outstanding  shares of the  Florida
corporation of BarPoint.com, Inc. The transaction was accounted for as a reverse
acquisition,  as if the Florida BarPoint  acquired our company,  due to the fact
that the former  shareholders  of the Florida  BarPoint  owned a majority of our
common  stock after the  transaction.  Upon the closing of the  acquisition,  we
changed our name from The Harmat Organization, Inc. to BarPoint.com, Inc.

         The  consideration  for the  acquisition  was  6,634,042  shares of our
common  stock based upon a  negotiated  value of $1.90 per share.  The  purchase
price was subject to adjustment  depending  upon the value of certain  assets of
our  company  at the date of  closing  (June 3,  1999) and over a 45 day  period
following the closing.


                                                       24

<PAGE>
         A group of investors  headed by Matthew  Schilowitz,  a shareholder and
former President and Director of our company, made a capital contribution to the
company of 250,000  shares of  FinancialWeb.com,  Inc. and certain other assets.
The then Board of  Directors  of our  company  declared a stock  dividend of our
common  stock to our  shareholders  of record  on June 2,  1999,  excluding  the
shareholders  of the acquired  company (the Florida  BarPoint)  who received our
companys common stock in the transaction. The number of shares to be distributed
in the dividend was determined  based upon the value of the  FinancialWeb  Stock
over  a 45  day  period,  plus  the  agreed  upon  value  of  the  other  assets
contributed.  The payment of the  dividend  of a total of 878,770  shares of our
common stock was made on October 19, 1999.

         As part of the  transaction  our  company  sold  to  Leigh  Rothschild,
President of the Florida  corporation of  BarPoint.com,  Inc., and our company's
current Chief  Executive  Officer,  three (3) shares of our  company's  Series A
Stock for a purchase price of $10.00 per share.  The Preferred  Stock shall vote
on a pari-passu  basis with our common stock. The first share of Preferred Stock
shall have 216,667  votes,  the second  share shall have  108,333  votes and the
third share of Preferred Stock shall have 346,766 votes. In no event will any of
the Preferred Stock have any votes after five years from the date of issue.

         As part of the acquisition our company  authorized five year options to
purchase  800,000  shares of our common stock at an exercise  price of $1.90 per
share.  To  date,  all of the  options  have  been  granted  to  certain  of our
employees,  management and the original BarPoint shareholders. Such options vest
as  follows:  one-third  (1/3)  immediately  after one year from the date of the
closing of the acquisition (June 3, 1999), one-third (1/3) after the second year
from the date of the  closing  of the  acquisition,  in the  event  our  company
achieves 50% of its revenue  projection of  $49,000,000 in such second year, and
the balance of one-third  (1/3) after the third year from the date of closing of
the acquisition, in the event our company achieves 50% of its revenue projection
of  $179,000,000  in such third  year.  Projections  referred  to herein are the
Florida  corporation  of  BarPoint.coms  April 1, 1999 business  projections  as
presented to our company prior to the closing of the acquisition.

     Other Related Transactions

         In August  1999,  we  announced  a  strategic  partnership  with Symbol
Technologies,  Inc. As part of the  strategic  partnership  Symbol  Technologies
purchased 1,315,789 shares of our common stock representing  approximately 9% of
our  outstanding  common  stock and  granted  us a royalty  free  license to use
Symbol's scanner  patents.  We agreed to sell Symbol SPT 1500 machines and grant
Symbol  the right to  designate  one  designee  to our board of  directors.  Ken
Jaeggi,  CFO and Senior  Vice  President  of finance of Symbol  Technology,  was
designated as Symbol's designee to our board of directors. Symbol manufactures a
wide range of barcode  scanning  hardware  that is  compatible  with  BarPoint's
service,  including  the SPT 1500, a handheld  organizer  using the popular Palm
platform with a built in laser barcode scanner.

         David W. Sass, a director of our  company,  is the father of Jeffrey W.
Sass, our Chief Operating  Officer and Executive Vice President.  Mr. David Sass
is a partner with McLaughlin & Stern, LLP, counsel to our company.  McLaughlin &
Stern received  79,609 shares and options to purchase at $1.90 per share,  8,498
shares in our company, representing less than 1% of our outstanding shares as of
December  23,  1999,  as  part  of the  acquisition  transaction.  In  addition,
McLaughlin & Stern received  aggregate  legal fees of $69,000 and $19,000 during
1999 and 1998 respectively, for services rendered to our company.

         We have a loan receivable from Mr. Schilowitz,  which bears interest at
the Prime Rate charged by Chase  Manhattan  Bank, NA, and is  collateralized  by
500,000 shares of our common stock. The balance of this loan as of June 30, 1999
was $218,655. During August 1999 Mr. Schilowitz was paid a finders fee for funds
raised;  this finders fee was applied to the loan  receivable as payment in full
plus expenses of approximately $27,800.

         In August 1999, we repaid a loan to Leigh Rothschild,  president of the
company,  in  the  amount  of  $110,000.  The  loan  amount  was  unsecured  and
non-interest bearing.

         The 1999 Plan for  Incentive  Stock Options was adopted by our board of
directors on September 17, 1999.  Options were granted to Leigh  Rothschild  and
Jeffrey W. Sass to purchase 300,000 and 255,000 shares of common


                                                       25

<PAGE>
stock respectively, exercisable at $6.97. In addition Matthew Schilowitz was
granted an option to purchase 180,000 shares, exercisable at $6.97 per share.
In addition options to purchase 40,000 were granted to each of David W.
Sass, Jay Howard Linn, Seymour Siegel and Ken Jaeggi. Mr. Jaeggi's options
are currently owned by Symbol Technologies.

         A Plan for Incentive  Compensation of Matthew Schilowitz was adopted by
our board of directors  and approved by our company's  stockholders  on March 1,
1996,  amended  August 3, 1996,  March 24, 1997 and June 19,  1998.  The plan is
currently  fully vested and can be exercised  for a period of 10 years  expiring
April 1, 2006.  Pursuant to this plan, Mr. Schilowitz has been granted an option
to purchase up to an  aggregate  of 500,000  shares of common  stock at $.35 per
share, which has been adjusted to 576,748 shares exercisable at $.30 per share.

         On January 23, 1997,  our board of directors  voted to grant options to
four directors , (David W. Sass, Scott Prizer,  David Eiten, and Seymour Siegel)
under the terms of our  company's  1996 Stock  Option  Plan.  Each board  member
abstained  from  voting for  himself.  Each  individual  was granted a five year
option to  purchase  10,000  shares at a price of $2.125.  On June 19,  1998 the
exercise price was reduced to $.35. All of such shares have been exercised.

         On March 24, 1997, as part of our companys 1996 Qualified  Stock Option
Plan,  Mr.  Schilowitz  was granted an option of 300,000 shares (which was later
adjusted after a stock dividend to 346,049  shares) of our companys common stock
at an exercise price of $2.337 per share, being 110% of the fair market value of
such shares on the date of grant. On June 19, 1998, our board of directors voted
to reduce the exercise  price of such options for Mr.  Schilowitz to $.35 ($.30,
as amended). This option has a duration of five-years.

         In July 1997,  Matthew  Schilowitz  became  personally  indebted  to us
pursuant  to a  certain  promissory  note in the  original  principal  amount of
$225,000.00.  Pursuant to an agreement  between Mr. Schilowitz and us, such note
and all accrued  interest  thereon deemed satisfied and paid in full in exchange
for Mr. Schilowitzs waiver of commissions in the amount of $246,548.95.

         During 1997 and 1998 we made loans to related  parties in the amount of
$67,600 and $186,696,  respectively. These loans had no stated interest rate and
are due on demand.

         In  April  1997  we  purchased  a  building  lot  from  Emerald   Woods
Development Corp. (of which Matthew  Schilowitz is a 50% owner) for $195,000 and
constructed  and sold a house on such lot. We purchased two additional  building
lots from Emerald  Woods in December 1997 for $190,000 and  simultaneously  sold
them to an unaffiliated third party.

         In  October  1997  we  purchased  a 2.5%  Class A  Limited  Partnership
interest in  Woodland  Development  Associates  (of which Matt  Schilowitz  owns
11.1%) for a purchase price of $50,000.

         During 1998 we purchased a building lot from Crossings Associates, L.P.
(of which Matthew  Schilowitz is a 11.1% owner) and constructed and sold a house
on such lot.



                                                       26

<PAGE>
                                    PART IV

     Item 13.         Exhibits, Lists and Reports on Form 8-K


<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>
                                                                                                       Page
(a)(1)                                      Financial Statements                                      Number

                Report of Independent Certified Public Accountants                                       F-1
                Consolidated Balance Sheet as of September 30, 1999                                      F-2
                Consolidated Statement of Operations for the year ended September 30, 1999               F-3
                Consolidated Statement of Stockholders'  Equity for the year ended
                September 30, 1999                                                                       F-4
                Consolidated Statement of Cash Flows for  the year ended September 30,1999               F-5
                Notes to Financial Statements                                                            F-6


Schedules other than those listed above are omitted for the reason that they are
not required,  are not applicable,  or the required  information is shown on the
financial statements or notes thereto.


   (a)(2)                                                  Exhibits

2.1             Stock Purchase Agreement dated May 20, 1999, incorporated herein by Reference to Exhibit
                1 to the Registrants Report on Form 8-K on June 3, 1999.
2.2             Addendum to Stock Purchase Agreement dated June 1, 1999, incorporated by Reference to
                Exhibit 2 to the Registrants Report on Form 8-K on June 3, 1999.
3.1             Registrant's  Articles  of  Incorporation  as  amended  to date,
                incorporated  herein by Reference to Exhibit 3.1 to Registrant's
                Registration Statement on Form SB-2, File No. 333-3501.
3.2             Registrants  Certificate  of  Amendment  to the  Certificate  of
                Incorporation  of  the  Registrant   authorizing  the  Series  A
                Preferred Stock,  incorporated  herein by Reference to Exhibit 6
                to the Registrants Report on Form 8-K on June 3, 1999.
3.3             Registrants  Certificate  of  Amendment  to the  Certificate  of
                Incorporation  of  the  Registrant  changing  the  name  of  the
                corporation,  incorporated  herein by  Reference to Exhibit 1 to
                the Registrants Report on Form 8-K on June 15, 1999.
3.4             Registrant's By-Laws, as amended to date, incorporated herein by Reference to Exhibit 3.2 to
                Registrant's Registration Statement on Form SB-2, File No.333-3501.
4.1             Form of Common Stock Certificate, incorporated herein by Reference to Exhibit 4.1 to
                Registrant's Registration Statement on Form SB-2, File No. 333-3501.
4.2             Form of Series A Warrant and Warrant Agreement, incorporated herein by Reference to
                Exhibit 4.2 to Registrant's Registration Statement on Form SB-2, File No. 333-3501.
4.3             Form of Series B Warrant, incorporated herein by Reference to Exhibit 4.3 to Registrant's
                Registration Statement on Form SB-2, File No. 333-3501.
4.4             Form of Representative's Purchase Option, incorporated herein by Reference to Exhibit 4.4 to
                Registrant's Registration Statement on Form SB-2, File No. 333-3501.
4.5             Registrant's 1996 Stock Option Plan incorporated herein by Reference and as amended June
                19, 1997 (Exhibit 4.5 to Registrants Registration Statement on Form SB-2, File
                No.333-3501).
10.1            Employment   Agreement  between  the  Registrant  and  Leigh  M.
                Rothschild  ,  incorporated  herein by Reference to Exhibit 3 to
                the Registrants Report on Form 8-K on June 3, 1999.
10.2            Employment Agreement between the Registrant and Jeffrey W. Sass,
                incorporated herein by Reference to Exhibit 3 to the Registrants
                Report on Form 8-K on June 3, 1999.
10.3            Consulting  Agreement  between  the  Registrant  and  Matthew C.
                Schilowitz, incorporated herein by Reference to Exhibit 3 to the
                Registrants Report on Form 8-K on June 3, 1999.
10.4            Agreement for Merger and Reorganization among Registrant, Newco,    Synergy Solutions,
                Inc. and the Shareholders of Synergy Solutions, Inc.    incorporated herein by Reference to
                Exhibit 1 to the Registrants Report    on Form 8-K on November 15, 1999



</TABLE>


                                                       27

<PAGE>
     (b)      Reports on Form 8-K

         Three  report  on Form 8-K were  filed  during  the  third  and  fourth
quarters of the fiscal year ended September 30, 1999:

        (i)    Form 8-K filed for June 3, 1999 (as amended October 6, 1999);
        (ii)   Form 8-K filed for June 15,  1999;
       (iii)   Form 8-K filed for August 5, 1999;  and
        (iv)   Form 8-K filed for November 15, 1999.



                                                       28

<PAGE>

Marks Shron & CompanyLLP
Certified Public Accountants


                           INDEPENDENT AUDITORS' REPORT



To the Board of Directors and Stockholders of BarPoint.com, Inc.


We have audited the  accompanying  consolidated  balance sheet of  BarPoint.com,
Inc. and  subsidiaries  (a development  stage company) as of September 30, 1999,
and the related consolidated statements of operations, stockholders' equity, and
cash  flows  for  the  year  then  ended.  These  financial  statements  are the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards  require that we plan and perform the audit to obtain reasonable
assurance   about  whether  the  financial   statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our  opinion,  based on our  audit,  the  consolidated  financial  statements
referred to above  present  fairly,  in all  material  respects,  the  financial
position of  BarPoint.com,  Inc. and  subsidiaries as of September 30, 1999, and
the results of their operations and their cash flows for the year then ended, in
conformity with generally accepted accounting principles.


Great Neck, New York
December 15,1999

111 Great Neck Road
Great Neck, New York 11021
516/466-6550 Fax: 516/466-5649
275 Madison Avenue
New York, New York 10016
212/252-1600 Fax: 212/252-1515

                                 F-1

<PAGE>
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                       BarPoint.com, Inc. and Subsidiaries
                          (A Development Stage Company)
                           Consolidated Balance Sheet
                               September 30, 1999

                                               ASSETS

CURRENT ASSETS
Cash and cash equivalents                                        $ 5,973,956
Marketable securities                                              3,223,123
Loans receivable                                                     210,436
Other assets                                                         101,886
                                                           ------------------
Total Current Assets                                               9,509,401
                                                           ------------------

Property-land                                                        149,750
Equipment - net of accumlated
   depreciation of $2,207                                             22,602
                                                           ------------------
                                                                     172,352

OTHER ASSETS
Software development - net                                           259,398
                                                           ------------------

                                                                     259,398
                                                           ------------------

TOTAL ASSETS                                                     $ 9,941,151
                                                           ==================

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts payable and accrued expenses                              $ 337,637
                                                           ------------------

Total Current Liabilities                                            337,637
                                                           ------------------

OTHER LIABILITIES
Deferred taxes payable                                               215,899
                                                           ------------------

                                                                     215,899
                                                           ------------------

TOTAL LIABILITIES                                                    553,536
                                                           ------------------

STOCKHOLDERS' EQUITY
Preferred stock                                                            -
Common stock                                                          13,846
Paid in capital                                                   11,578,029
Subscription receivable                                             (750,000)
Accumulated Deficit-Development Company                             (438,595)
Comprehensive Income (Loss)                                       (1,015,665)

                                                           ------------------
Total Stockholders' Equity                                         9,387,615
                                                           ------------------

Total Liabilities and Stockholders' Equity                       $ 9,941,151
                                                           ==================




See Independent Auditors' Report and Notes to Consolidated Financial Statements.

                                   F-2
<PAGE>
                     BarPoint.com, Inc. and Subsidiaries
                         (A Development Stage Company)
                      Consolidated Statement of Operations
                      For the Year Ended September 30, 1999


Revenues:
Total revenues                                                                    $ -                         -
Cost of Sales                                                                              -
                                                                          -------------------
Gross Profit                                                                               -

Operating Expenses:
Selling, General and Administration                                                  832,290
Research and Development                                                              77,912
                                                                          -------------------
Total Operating Expenses                                                             910,202
                                                                          -------------------

Loss from Operations                                                                (910,202)
                                                                          -------------------

Other Income:
Interest Income                                                                       63,607
                                                                          -------------------

Loss before income tax benefit                                                      (846,595)

Income tax benefit                                                                   408,000
                                                                          -------------------

Net Loss                                                                          $ (438,595)
                                                                          ===================

Loss per Common Share--
     Basic and Diluted:                                                              $ (0.05)
                                                                          ===================

Weighted Average Common Shares
    Shares Outstanding                                                             8,211,278
                                                                          ===================




See Independent Auditors' Report and Notes to Consolidated Financial Statements.

                                        F-3
<PAGE>
                                                    BarPoint.com Inc. and Subsidiaries
                                                      (A Development Stage Company)
                                           Consolidated Statement of Stockholders' Equity
                                                For the Year Ended September 30, 1999

                                                                                   Note
                                 # of Shares        Common Stock     Additional  Receivable
                                 of Preferred                        Paid-In        from      Accumulated  Comprehensive
                                 Stock       Shares     Par Value    Capital     Stockholder   (Deficit)      Income        Total

Balance-September 30, 1998        0          2,612,500    $2,612    $4,253,604                 (1,666,869)     $0        $2,589,347

Contribution of 250,000 shares
of Financial Web stock and
60,000 warrants of Socket
Communications, Inc.                                                  108,956                                               108,956

Stock Options, Net Loss and
Unrealized Gain on Marketable
Securities (Net of Income Taxes)
October 1,1998 - June 3, 1999                                         775,000                 (1,161,558)   2,380,585     1,994,027

Executive Compensation to Board
 of Directors                                   50,000       50        24,950                                                25,000

                            --------------------------------------------------------------------------------------------------------
Balance June 3, 1999               0         2,662,500     2,662     5,162,510                 (2,828,427)   2,380,585     4,717,330

Acquisition of
 The Harmat Organization                                              (447,842)                 2,828,427   (2,380,585)

BarPoint.com, Inc. Equity
 at June 3, 1999                                   100       100       241,400                    (89,602)                   151,898

Recapitalization of
  BarPoint.com, Inc.                         6,633,942     6,534        (6,534)                                                   0

Acquisition Costs                                                     (189,000)                                            (189,000)

Private Placements                           4,499,868      4500     6,800,015      (750,000)                             6,054,515

Exercise of Stock Options                       50,000        50        17,450                                               17,500

Issuance of Preferred Stock        3                     -                  30                                                   30

Net Loss and Unrealized Gain
 on Marketable Securities
 (Net of Income Taxes)                                                                           (348,993)  (1,015,665)  (1,364,658)

                             ------------------------------------------------------------------------------------------------------
Balance - September 30, 1999       3        13,846,410    $13,846   $11,578,029     ($750,000)  ($438,595) ($1,015,665)  $9,387,615
                             ------------------------------------------------------------------------------------------------------



See Independent Auditors' Report and Notes to Consolidated Financial Statements.

                                         F-4
<PAGE>
                       BarPoint.com, Inc. and Subsidiaries
                          (A Development Stage Company)
                      Consolidated Statement of Cash Flows
                      For the Year Ended September 30, 1999


OPERATING ACTIVITIES:
Net (loss) income                                                                $(438,595)
Adjustments to reconcile net (loss) to net cash
(used for) operating activities:
Tax asset                                                                         (408,000)
Depreciation and Amortization                                                       15,678
Non-Cash Administration Expenses                                                    20,500
                                                                               ------------
                                                                                  (810,417)
Increase  (decrease)  in cash  flows due to  changes  in  operating  assets  and
liabilities:
Accounts payable                                                                   167,582
Other assets                                                                       (36,459)
                                                                               ------------

Total Adjustments                                                                  131,123
                                                                               ------------


Net Cash (Used) by Operating Activities                                           (679,294)
                                                                               ------------

INVESTING ACTIVITIES:
Cash received on acquisition                                                       628,227
Acquisition costs                                                                 (189,000)
Software development costs                                                         (53,019)
Property & equipment                                                               (24,659)
                                                                               ------------

Net Cash Provided by Investing Activities                                          361,549
                                                                               ------------

FINANCING ACTIVITIES:
Issuance of common and preferred stock                                               1,030
Private placements - net of commissions                                          6,273,170
Exercise of stock options                                                           17,500
                                                                               ------------

Net Cash Provided by Financing Activities                                        6,291,700
                                                                               ------------

NET INCREASE (DECREASE) IN CASH AND CASH
  EQUIVALENTS                                                                    5,973,955

CASH AND CASH EQUIVALENTS - beginning of period                                          -
                                                                               ------------

CASH AND CASH EQUIVALENTS - end of period                                        5,973,955
                                                                               ============


SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION:
Cash paid during the period for:
Taxes                                                                                $ 591
                                                                               ============
                                                                               ============
Interest                                                                               $ -
                                                                               ============
SUPPLEMENTAL DISCLOSURE OF NONCASH
TRANSACTIONS:
Software Development Costs for Services Rendered
  by Certain Stockholders                                                        $ 220,000
                                                                               ============
Non-Cash Administrative Expenses                                                  $ 20,500
                                                                               ============
Finders fee applied to stockholders loan
  receivable                                                                     $ 218,655
                                                                               ============
Acquisition of BarPoint- Note A

See Independent Auditors' Report and Notes to Consolidated Financial Statements.

                                       F-5
<PAGE>

BarPoint.com, Inc.

Notes to Consolidated Financial Statements
September 30, 1999

NOTE A   PRINCIPLES OF CONSOLIDATION AND BUSINESS
The company was incorporated in Delaware on December 19, 1995 under the name The
Harmat  Organization,  Inc.  ("Harmat") and began  operations as a construction,
architectural  landscape design and real estate  development firm.  Beginning in
1997,  Harmat  believed that it was in the best interest of the  shareholders of
the Company to change its direction away from the real estate business. The real
estate market in which Harmat  concentrated  changed,  and management  felt that
there were fewer  prospects for  significant  profit in the future.  The Company
began making strategic investments in technologically oriented companies.


On  June  3,  1999,  Harmat  acquired  all  issued  and  outstanding  shares  of
BarPoint.com,  Inc.  ("BarPoint"),  as more fully described in Note F below. The
transaction was accounted for as a reverse acquisition,  as if BarPoint acquired
Harmat,  due to the fact  that  the  former  shareholders  of  BarPoint  owned a
majority  of  Harmat  common  stock  after  the  transaction.  The  consolidated
financial  statements  presented  herein for the periods  prior to the effective
date of the  acquisition  only  include  the  accounts  of  BarPoint  since  its
inception. The consolidated statement of stockholders' equity has been converted
from BarPoint's  capital  structure to Harmat's capital structure to reflect the
exchange  of  shares  pursuant  to the  Agreement.  The  consolidated  group  of
companies  are  collectively  referred to herein as the  "Company".  Comparative
financial statements are not included as a result of this reverse acquisition.

The  financial   statements  reflect  the  financial  position  and  results  of
operations of BarPoint.com,  Inc. and its subsidiaries on a consolidated  basis.
The Company's  policy is to consolidate all majority - owned  subsidiaries.  All
inter-company amounts have been eliminated in consolidation.

The Company has concluded private placements of securities  pursuant to which it
issued  an  aggregate  of  4,499,868  shares of common  stock and  received  net
proceeds of  approximately  $6,054,000  and a  subscription  note  receivable of
$750,000. (See Note D)

The Company "soft  launched" its preview website in December 1999 and intends to
launch the more complete  version of its web site and service in early 2000. The
web site,  www.BarPoint.com,  will feature a  patent-pending  search  engine and
software  technology that allows  consumers to use the standard UPC barcode that
appears on approximately 100 million retail items to search for product specific
information from the internet.  The website will offer consumers the opportunity
to search for product specific information and shop for products by entering any
UPC barcode number.


NOTE B   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash and Cash Equivalents
The Company considers all highly liquid instruments purchased with a maturity of
three months or less to be cash equivalents.

Concentrations of Credit Risk
Financial instruments which potentially subject the Company to concentrations of
credit risk are cash and cash equivalents. The Company places its cash and cash

                                    F-6

<PAGE>
equivalents  with high  credit  quality  financial  institutions.  The amount of
deposit in any one institution that exceeds  federally insured limits is subject
to credit risk. Such amount was approximately $5,814,000 at September 30, 1999.

Marketable Securities
The Company  accounts  for its  investments  pursuant to  Statement of Financial
Accounting  Standards ("SFAS") No. 115,  "Accounting for Certain  Investments in
Debt and Equity Securities". SFAS No. 115 addresses the accounting and reporting
for investments in equity securities that have readily  determinable fair values
and  for  all  investments  in  debt  securities.  Those  investments  are to be
classified  into  the  following   three   categories:   held-to-maturity   debt
securities; trade securities; and available-for-sale securities.

Management determines the appropriate  classification of its investments in debt
and equity securities at the time of purchase and reevaluates such determination
at each balance sheet date. At September 30, 1999 investments were classified as
available   for   sale    securities.    Unrealized   gains   and   losses   for
available-for-sale  securities  are excluded from earnings and reported as a net
amount as a separate component of stockholders'  equity as comprehensive  income
until realized.  The Company primarily uses the specific  identification  method
for gains and losses on the sales of marketable securities (see Note C).

Property and Equipment
Property and equipment are stated at cost.  Depreciation  is provided  using the
straight-line  method over the estimated useful lives of the assets ranging from
five to ten years for furniture, fixtures and office equipment and three to five
years for computer equipment.

Earnings (Loss) Per Share
The Company has adopted  Statement of  Financial  Accounting  Standards  No.128,
Earnings Per Share,  (SFAS 128)  requires the  presentation  of two earnings per
share (EPS) amounts,  basic and diluted. Basic EPS is calculated on the weighted
average  number of shares  outstanding.  Diluted EPS is not  presented  since no
effect was given to outstanding options as it would have been anti-dilutive.

Use of Estimates
The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect  the  reported  amounts  of assets  and  liabilities  and  disclosure  of
contingent  assets and  liabilities at the date of the financial  statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.

Software Development Costs
Costs  relative to the initial  software  development  related to the  Company's
underlying  technology  are  capitalized  and  carried at book value and include
$220,000 for  services  rendered by certain  stockholders.  Such costs are being
amortized over 5 years, subject to periodic evaluation for impairment.  Costs to
maintain such technology going forward,  and ongoing web development  costs will
be expensed.

Income Taxes
The Company recognizes  deferred tax assets and liabilities based on differences
between the financial  reporting and tax bases of assets and  liabilities  using
the  enacted  tax  rates  and laws that are  expected  to be in effect  when the
differences are expected to be recovered.

                                      F-7
<PAGE>
Advertising
The Company  recognizes  advertising  expense in  accordance  with  Statement of
Position  ("SOP") 93-7  "Reporting on Advertising  Costs".  As such, the Company
expenses the costs of advertising  when incurred.  For the year ended  September
30, 1999 the Company incurred advertising expense of $90, 800.

Stock-Based Compensation
The Company has elected to follow  Accounting  Principles  Board Opinion No. 25,
Accounting   for  Stock  Issued  to  Employees   ("APB  No.  25"),  and  related
interpretations,  in accounting  for its employee  stock options rather than the
alternative  fair value  accounting  allowed  by SFAS No.  123,  Accounting  for
Stock-Based  Compensation.  APB No. 25 provides  that the  compensation  expense
relative  to the  Company's  employee  stock  options is  measured  based on the
intrinsic  value of the stock  option.  SFAS No.  123  requires  companies  that
continue to follow APB No. 25 to provide a pro forma disclosure of the impact of
applying the fair value method of SFAS No. 123

Comprehensive Income (Loss)
The  Company  adopted  SFAS  No.  130,  Reporting  Comprehensive  Income,  which
establishes  standards for the reporting and display of comprehensive income and
its  components  in the  financial  statements.  The only item of  comprehensive
income (loss) that the Company currently reports is unrealized gains (losses) on
marketable securities.

NOTE C   MARKETABLE SECURITIES
Marketable  securities consist of investments in equity securities at discounted
market  value,  since  they are  unregistered  or  constrained  securities.  The
unrealized  gain, net of deferred  federal  income tax, at acquisition  date was
$2,380,585.  For the period ended September 30, 1999 the unrealized gain, net of
deferred federal income tax, was $1,364,920.

NOTE D SUBSCRIPTION AND LOANS RECEIVABLE
A  subscription  note  receivable in the amount of $750,000 bears interest at 8%
per annum and is payable on February  12,  2000.  The note is secured by 394,737
shares  of  common  stock of the  Company.  In the event the note is not paid at
maturity  the shares of common  stock held in escrow  shall be canceled  and the
obligor shall have no further liability or obligation under this note.

Other
Harmat loaned $175,000 to Axxess, Inc. now known as Financial Web.Com,  Inc., an
unaffiliated  third party.  The loan is evidenced by a $175,000  Promissory Note
dated August 15, 1997 which bears interest at 2% above the prime rate and unpaid
interest and principal were due August 15, 1998.  Axxess,  Inc.  pledged 600,000
shares of its common stock as collateral and authorized warrants to purchase its
common  stock for a price of $.25 per share (as  amended)  expiring  August  14,
2000.  On of  December  15,  1998  Harmat  notified  Axxess,  Inc.  that  it was
exercising  its  warrants  to purchase  175,000  shares of Axxess,  Inc.  for an
aggregate  subscription  price of $43,750.  The  subscription  price was applied
against the loan  balance.  A new  promissory  note was issued for $150,436 (the
remaining pincipal balance plus accrued  interest).  The new note bears interest
at 9.75% per annum and matures  December  15,  1999.  The  Company is  currently
negotiating an extension on this loan.

In connection with the sale of property in Quogue, New York, the buyer mortgaged
$60,000  of the  purchase  price to Harmat.  The  mortgage  is  payable  monthly
(interest only) at an interest rate of 12% per annum and matures May 7, 2000.

NOTE E   FAIR VALUE OF FINANCIAL INSTRUMENTS
Effective December 31, 1995, the Company adopted SFAS No. 107, "Disclosure about
Fair Value Financial  Instruments",  which requires disclosing fair value to the
extent practicable for financial instruments which are recognized or

                                  F-8
<PAGE>
unrecognized in the balance sheet.  The fair value of the financial  instruments
disclosed herein is not necessarily  representative  of the amount that could be
realized  or  settled,   nor  does  the  fair  value  amount  consider  the  tax
consequences of realization or settlement.

The Company's financial instruments include cash and cash equivalents,  payables
and short-term loans. It is estimated that the carrying amount approximated fair
value because of the near term maturities of such obligations.

NOTE F   ACQUISITION OF ASSETS OF BARPOINT.COM, INC.
On June 3, 1999,  Harmat  acquired all of the issued and  outstanding  shares of
BarPoint.com,  Inc. (Fla.) (a Company which commenced business in October, 1998)
pursuant to an Acquisition  Agreement  dated May 20,1999.  The  transaction  was
accounted for as a reverse  acquisition,  as if BarPoint acquired Harmat, due to
the fact that the former  shareholders  of  BarPoint  owned a majority of Harmat
common stock after the transaction.

The  consideration  for the  acquisition  was 6,634,042  shares of the Company's
common  stock based upon a  negotiated  value of $1.90 per share.  The  purchase
price was  subject  to  adjustment  depending  upon the value of  certain of the
Company's  assets at the date of closing and over a 45-day period  following the
closing.

In  connection  with the  acquisition,  a  shareholder  of Harmat made a capital
contribution  to the Company of 250,000  shares of  FinancialWeb.com,  Inc. (the
"Fweb Stock") and certain other assets.

The Company  declared a stock dividend to the  shareholders of record as of June
2, 1999 calculated subsequent to the 45-day period following closing and payable
to shareholders on October 20, 1999, excluding the shareholders of BarPoint.com,
Inc. The dividend declared was 878,770 shares of common stock.

As part of the  acquisition  the  Company  authorized  five (5) year  options to
purchase  800,000  shares of the Company's  common stock at an exercise price of
$1.90  per  share.   BarPoint's   management  is  authorized  to  determine  the
distribution  of such  options.  Such options vest as follows:  one-third  (1/3)
immediately  after one year from the date of Closing,  one-third (1/3) after the
second year from the date of Closing,  in the event BarPoint achieves 50% of its
revenue  projection  of  $49,000,000  in such  second  year,  and the balance of
one-third  (1/3)  after the third  year from the date of  Closing,  in the event
BarPoint  achieves 50% of its revenue  projection of  $179,000,000 in such third
year.

As part of the transaction,  the Company sold to Leigh Rothschild,  the Chairman
and CEO of the  Company,  three (3) shares of the  Company's  class A  Preferred
Stock for a purchase price of $10 per share. The Preferred Stock shall vote on a
pari-pasu basis with the Company's  Stock. As of September 30, 1999, the Company
had  outstanding  1,500,000  Class A  Warrants  and  500,000  Class  B  Warrants
(collectively,  the "Warrants").  One share of Preferred Stock shall be voted in
accordance  with the issuance of the Class A Warrants and one share of Preferred
Stock shall be voted in  accordance  with the  issuance of the Class B Warrants.
The Preferred Stock shall be entitled to one vote for each share of common stock
issued upon  exercise of the Warrants.  So long as the Warrants are  outstanding
and are not exercised,  then the Preferred Stock allocated to the Warrants shall
have no vote.  In the event the Warrants are not  exercised  and expire by their
terms, then the Preferred Stock shall be canceled. The third share of Preferred

                                     F-9
<PAGE>
Stock shall have 346,766 votes. In no event will any of the Preferred Stock have
any votes after five (5) years from the date of issue.

In  connection  with  services  rendered,   the  new  consulting  agreement  and
guarantees  issued by Matthew  Schilowitz  relating to collectability of certain
assets of Harmat,  Mr.  Schilowitz was awarded options to purchase the aggregate
of 190,615 shares at $1.90 per share, exercisable over a five (5) year period.

David W. Sass,  a director of the  Company,  is the father of Jeffrey W. Sass, a
founder, shareholder, and director of BarPoint. McLaughlin & Stern, LLP, general
counsel to the Company, was a shareholder of BarPoint and received shares in the
Company as part of the  transaction.  David W. Sass is a member of said firm and
also a shareholder of the Company

NOTE G   COMMITMENTS AND CONTINGENCIES
Consulting Agreement
In February  1998,  Harmat  entered into a one year  consulting  agreement  with
Spencer Trask to advise the Harmat on financial  matters in connection  with the
operation  of the business  including  acquisitions,  mergers and other  similar
business  combinations.  The agreement was extended to February 2000. The Harmat
paid Spencer  Trask an initial  $10,000  retainer and an  additional  $3,500 per
month.  In  addition,  Spencer  Trask is to  receive a  transaction  fee for any
transactions  consummated  by Harmat  during the term of the agreement or within
two years after the end of the term. In connection  with this agreement  Spencer
Trask was granted  five year  warrants to  purchase  200,000  shares of Harmat's
common stock at $.35 per share. In connection with the acquisition (see Note F),
Spencer  Trask was paid a fee of  $189,000.  On November 5, 1999 the Company and
Spencer Trask terminated the consulting  agreement,  however,  the Company shall
continue to make  payments of the  retainer  fee  through  January  2000 and the
warrants  remain in full  force.  As part of this  agreement  the  Holder of the
warrants  have agreed not to sell more than 28,500  shares per month  commencing
January 1, 2000.

Properties
The Company currently rents of office space Ft. Lauderdale, FL under a temporary
lease that  expires  December  31,  1999.  The Company is in the final stages of
negotiating a new  five-year  lease  commencing  January 1, 2000. If the Company
fails to execute a new lease it is to pay  $200,000 in agreed  upon  liquidating
damages.

Product Supply and Technology License Agreement
The Company issued 1,315,789 shares of common stock to Symbol Technologies, Inc.
for (a) delivery of  $1,000,000  in cash,  (b) a Product  Supply and  Technology
License  Agreement,  and (c) the  agreement by the Company to sell up to 120,000
Symbol SPT 1500 machines at a discount.

Employment Agreement
On June 3, 1999,  the Company  entered into an Employment  Agreement  with Leigh
Rothschild,  a stockholder,  director,  and chief executive officer, for 3 years
with a base  salary  of  $200,000  in the  first  year,  increasing  in  $50,000
increments each subsequent year.

On June 3, 1999, the Company entered into a three year employment agreement with
Jeffrey W. Sass and a three year consulting  agreement with Matthew  Schilowitz,
who are also company stockholders and directors,  for an annual base of $150,000
each, with increments of $25,000 and $50,000 each year thereafter.

NOTE  H  RELATED PARTY TRANSACTIONS

                                    F-10
<PAGE>
The Company paid a finders fee to Mr. Schilowitz,  a stockholder of the Company,
in the amount of $246,455 in connection with the private placements. The fee was
offset against Mr. Schilowitz's loan balance of $218,655 as payment in full plus
Harmat's  expenses of  approximately  $27,800.  In addition the Company repaid a
loan to Leigh Rothschild in the amount of $110,000.

The law firm of McLaughlin & Stern,  LLP of which Mr. Sass, a stockholder of the
Company is a principal,  received  legal fees of  approximately  $69,000 for the
year ended September 30, 1999.

NOTE I YEAR 2000 ISSUES
The effects of the Year 2000 issue may be experienced by the Company before, on,
or after January 1, 2000,  and, if not  addressed,  the impact on operations and
financial reporting may range from minor errors to significant systems' failures
which could affect the Company's ability to conduct normal business  operations.
The Company  believes that by monitoring the Year 2000 readiness of key external
parties,  it is mitigating its Year 2000 risks as all internal  systems are Year
2000  compliant.  However,  there  can be no  assurance  that the  uncertainties
surrounding  the Year 2000 issue will not  materially  and adversely  affect the
Company.

NOTE J STOCK OPTION PLANS

The Company has four stock-based  compensation plans, which are described below.
The Company applies APB Opinion No. 25 and related interpretations in accounting
for its plans. Accordingly, no compensation cost has been recognized.

a) The Plan for Incentive  Compensation of Matthew  Schilowitz (the  "Schilowitz
Incentive Plan"), who is the principal stockholder,  was adopted by the Board of
Directors and approved by Harmat's sole stockholder on March 1, 1996 and amended
August 3, 1996. Pursuant to such plan, Mr. Schilowitz has been granted an option
to purchase up to an aggregate of 500,000  shares of common stock at an exercise
price of $.35, (as amended).  The exercise price and number of options have been
amended  to $.30 and  576,748  respectively  due to the  dilutive  effect of the
acquisition.  In conjunction  with the  acquisition all such options have become
fully vested  resulting in the accrual of compensation  expense in the amount of
$775,000,  which has been reflected in the operations of Harmat prior to June 3,
1999.

b) In February 1996, the Board of Directors adopted the 1996 Joint Incentive and
Non-Qualified Stock Option Plan (the "Plan") providing for the granting of up to
400,000 shares of the Harmat's common stock. In January 1997, the Harmat granted
five year  options  under the Plan  providing  for  10,000  shares at a price of
$2.125 per share ($.35 as amended) to four  directors  and two key  employees of
the  Harmat.  During  1998,  10,000 of these  options  were  forfeited  with the
termination  of employment of a key employee.  In March 1998, the Harmat's chief
executive  officer and principal  shareholder  was granted  300,000 shares at an
exercise  price of $2.337 per share ($.35,  as amended).  The exercise price and
number of options have been amended to $.30 and 346,049  respectively due to the
dilutive  effect of the  acquisition.  During the year ended September 30, 1999,
50,000 options were exercised.

c) As part of the  acquisition  the  Company  authorized  five-year  options  to
purchase  800,000  shares of the Company's  common stock at an exercise price of
$1.90 per share.  Such  options vest as follows:  one-third  after June 3, 2000;
one-third  after  June 3,  2001 in the  event the  Company  achieves  50% of its
revenue projection of $49,000,000 in the second year and one third after June 3,
2002  in the  event  the  Company  achieves  50% of its  revenue  projection  of
$179,000,000  in the third year.  As of  September  30,  1999,  an  aggregate of
560,000 options have been granted.

d) The 1999  Plan for  Incentive  Stock  Options  was  adopted  by the  Board of
Directors on September 17, 1999, subject to stockholder approval, authorizing

                                   F-11
<PAGE>
the  Company to grant  five year  options to  purchase  1,500,000  shares of the
Company's  common  stock  at fair  market  value at date of grant or 85% of fair
market value.  As of September  30, 1999,  an aggregate of 205,000  options have
been granted.


A summary of the status of the  Company's  stock option plan as of September 30,
1999,  and the changes  during the year ending  September  30, 1999 is presented
below:

                                Weighted-Averaged
          FIXED OPTIONS                          Shares       Exercise Price

          October 1, 1998                        972,797         $ .30
          Granted                                582,281          2.82
          Exercised                              (50,000)          .35
          Forfeited                                0                -
                                                                   --
          September 30, 1999                  1,505,078         $ .76

          Exercisable at September 30, 1999   1,505,078
          Weighted-average fair value of
           options granted during the year    $    2.82



                                      F-12
<PAGE>
THE FOLLOWING TABLE SUMMARIZES INFORMATION ABOUT FIXED STOCK OPTIONS
OUTSTANDING AT SEPTEMBER 30, 1999

                                      Outstanding Options                       Exercisable Options

                                                       Weighted-          Weighted-
                     Outstanding          Number       average             average         Number          Weighted-
                    Excercise Price     Outstanding   Remaining            Exercise        Exercise        average
                                                      Contractual          Price           At 9/30/98     Exercise Price

                          $.30            922,797      2.5 to 7 years       $.30            922,797            $.30
                         $1.90            377,281      5 years             $1.90            377,281           $1.90
                         $4.50            205,000      5 years             $4.50            205,000           $4.50


The  following  information  concerning  the  Company's  stock  option  plans is
provided  in  accordance   with  SFAS  No.  123   "Accounting  for  Stock  Based
Compensation." The Company accounts for such plans in accordance with APB No.
25, "Accounting for Stock Issue to Employees."

The fair value of each  option  grant is  estimated  on the grant date using the
Black-Scholes   option-pricing   model  with  the   following   weighted-average
assumptions used for grants in 1999:  dividend yield of 0%,  risk-free  interest
rate of 5.0%, expected volatility of 115.04%,  and expected lives of 5 years for
the options.

If the  Company  had used the fair  value  based  method of  accounting  for its
employee  stock option plan, as prescribed by Statement of Financial  Accounting
No. 123, compensation cost included in the net loss for the year ended September
30, 1999 would have increased by  approximately  $1,267,000,  resulting in a net
loss of $(1,249,595), net of tax, and loss per share of $(.15).

NOTE K INCOME TAXES
The income tax benefit  for the year ended  September  30, 1999  consists of the
following:

         Loss before income tax benefit              ($846,595)
         Federal income tax benefit at 36%             305,000
         Prior NOL allowable under IRC
         Section 382                                   103,000
         Income tax benefit                           $408,000


The Company has federal net operating loss carryforwards  (NOL) of approximately
$1,680,000  and expects  these NOL to be  available  in the future to reduce the
federal  income tax  liability of the  Company.  However,  due to the  ownership
change,  the Company's ability to utilize the NOL's are restricted under Section
382 of the  Internal  Revenue  Code  (IRC).  Therefore,  a tax  benefit has been
reflected only to the extent allowable in the current year.

Deferred income taxes reflect the tax effects of temporary  differences  between
the carrying amounts of assets and liabilities for financial  reporting purposes
and the amounts used for income tax purposes. The components of the net deferred
income tax assets are as follows:

Deferred income tax assets:
         NOL prior to acquisition                             $604,800
         NOL generated in the current year                     305,000
         Stock compensation (prior to acquisition)             279,000
         Valuation allowance                                 ( 501,800)
                                                              ----------

                                                              $687,000
Deferred income tax liabilities:
         Unrealized gain on marketable securities             $902,899
                                                              $215,899


                             F-13
<PAGE>
NOTE L SUBSEQUENT EVENTS
On November 4, 1999 the Company converted 750,000 of Socket Communications, Inc.
Preferred Series D holdings into 1,307,190 of Socket Communications,  Inc Common
Shares.

On November 5, 1999  pursuant to an Agreement for Merger and  Reorganization  of
BarPoint.com,  Inc. through a newly organized,  wholly owned subsidiary  ("Sub")
acquired all of the issued and outstanding shares of Synergy Solutions, Inc. The
purchase price for the acquisition consisting of the following:

                    (A)  75,000  shares of  common  stock,  par value  $.001 per
share, of BarPoint (the "BarPoint Common Stock");  (B) cash totaling  $100,000 ;
and (C) in the  event  Sub  achieves  at least  Four  Hundred  Thousand  Dollars
($400,000) in earnings,  before interest,  taxes,  depreciation and amortization
("EBITDA") no later than twelve (12) months from the date of the closing, 75,000
shares of BarPoint Common Stock,  par value $.001 per share,  which shares shall
be held in escrow pursuant to an escrow agreement.

BarPoint shall pay the  Stockholders  additional  consideration in proportion to
their respective ownership of Synergy equal to (x) thirty percent (30%) of Sub's
EBITDA  attributable  to operations  ending as of the first  anniversary  of the
closing;   (y)  twenty-five  percent  (25%)  of  Sub's  EBITDA  attributable  to
operations  between the first and second  anniversaries of the closing;  and (z)
twenty  percent (20%) of Sub's EBITDA  attributable  to  operations  between the
second and third  anniversaries of the closing,  (collectively  the "Earn Out").
BarPoint  shall deliver the Earn Out for each Earn Out period within ninety (90)
days of the first, second and third anniversary dates of the Closing.

Any such Earn Out shall be paid in cash until the EBITDA  equals  eight  hundred
thousand dollars ($800,000) and thereafter,  in BarPoint common stock, valued at
the closing bid price three (3) business days prior to payment.

Synergy Solutions, Inc. provides  computer-consulting services with expertise in
developing  computer  programs for the Palm OS devices and other  pentium  based
computer devices and developing web server  applications  with various software,
including, but not limited to, Oracle Unix/Linux Systems.

Employment  Agreements  were  entered into with  various  executives  of Synergy
Solutions,  Inc. as well as the granting of options  under  BarPoint.com,  Inc.,
Incentive Option Plan, which is subject to shareholder approval.

In November 1999 the Board of Directors  granted  763,000 options at an exercise
price of $6.97.  In November 1999 the Class A and Class B warrants were canceled
in exchange for 325,000 shares of the Company's common stock and $50,000.

On September  21, 1999 the Company  entered into a contract of sale to sell land
held for sale for $175,000.  The sale is expected to close on or before December
31, 1999. The Company will recognize  income of  approximately  $25,000,  before
commissions and other selling expenses.
</TABLE>

                                   F-14
<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Dated: December 23, 1999
                               BarPoint.com, Inc.

                              By: Leigh M. Rothschild
                              CEO and Chairman of the Board of Directors

         In accordance  with the Exchange Act, this report has been signed below
by the following  persons on behalf of the  Registrant  and in the capacities on
the dates indicated.
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                      Name                                          Position                              Date

By:.........................................     Chairman of the Board of Directors and              December 23, 1999
                Leigh M. Rothschild                 Chief Executive Officer

By:.........................................     Chief Operating Officer, Executive Vice             December 23, 1999
                Jeffrey W. Sass                     President and Secretary

By:.........................................     Treasurer and a Director                            December 23, 1999
                Seymour G. Siegel

By:.........................................     Director                                            December 23, 1999
                David W. Sass

By:.........................................     Director                                            December 23, 1999
               Matthew C. Schilowitz

By:.........................................     Director                                            December 23, 1999
               Jay Howard Linn

By:.........................................     Director                                            December 23, 1999
               Kenneth Jaeggi




</TABLE>


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