UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                   FORM 10-QSB

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

                  For the quarterly period ended March 31, 2000
                                                 ----------------

 [  ]    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
         For the transition period from ________________ to _____________

                         Commission file number 0-27807

                                CybeRecord, Inc.
  ---------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

                Florida                                   91-1985843
     ----------------------------------        --------------------------------
      (State or other jurisdiction of          (IRS Employer Identification No.)
       incorporation or organization)

               800 Bellevue Way NE, 4th Floor, Bellevue, WA 98004
    ------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (425) 990-5593
                           ---------------------------
                           (Issuer's telephone number)

As of May 1, 2000,  there were  16,746,864  shares of CybeRecord,  Inc.'s Common
Stock, par value $.01 per share, outstanding.

Transitional Small Business Disclosure Format (Check one):  Yes [  ]   No [X]




<PAGE>



                                                 TABLE OF CONTENTS

PART I --  FINANCIAL INFORMATION

Item 1.  Financial Statements................................................1

Item 2.  Plan of Operation...................................................5


PART II -- OTHER INFORMATION

Item 4.  Submission of Matters to a Vote of Security Holders.................7

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

SIGNATURES...................................................................8



Note:  Items 1, 2, 3, and 5 under Part II - Other  Information have been omitted
because they are not applicable.


<PAGE>



                         PART I -- FINANCIAL INFORMATION

Item 1.  Financial Statements.

<TABLE>
<CAPTION>
                                CYBERECORD, INC.
                          (A Development Stage Company)

                                 BALANCE SHEETS
                      March 31, 2000 and December 31, 1999

                                                                            March 31,      December 31,
                                                                              2000             1999
             ASSETS                                                        (Unaudited)      (Audited)
                                                                           ===========     ===========
<S>                                                                        <C>              <C>
Current Assets

    Cash ..................................................................  $ 1,720,794    $   111,154
    Prepaid expenses and deposits .........................................       10,257         15,194
                                                                             ===========    ===========

             Total current assets .........................................    1,731,051        126,348

Furniture and Equipment, at cost,
    less accumulated depreciation of $10,940 at March 31, 2000
    and $3,940 at December 31, 1999 .......................................       78,690         25,328

Capitalized Development Costs .............................................      114,020
                                                                             -----------    -----------

                                                                             $ 1,923,761    $   151,676
                                                                             ===========    ===========


             LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

    Accounts payable ......................................................  $    50,743    $    21,436

Stockholders' Equity

    Common stock, par value $.01 ..........................................      167,469        154,719
    Additional paid-in capital ............................................    6,560,769      4,342,269
    Deficit accumulated during the
       development stage ..................................................   (4,855,220)    (4,366,748)
                                                                             ===========    ===========

                                                                               1,873,018        130,240
                                                                             ===========    ===========

                                                                             $ 1,923,761    $   151,676
                                                                             ===========    ===========
</TABLE>

                       See Notes to Financial Statements

                                        1


<PAGE>

                    CYBERECORD, INC.
             (A Development Stage Company)

          STATEMENTS OF OPERATIONS - Unaudited
For the Three Months Ended March 31, 2000 and 1999, and the Period
       From September 27, 1996 to March 31, 2000


<TABLE>
<CAPTION>
                                                                                                       Total
                                                                                                    Accumulated
                                                                                                      During
                                                                                                    Development
                                                                                                       Stage
                                                                                                  (September 27,
                                                                                                      1996 to
                                                                                                     March 31,
                                                               2000                1999                2000)
                                                         -----------------   -----------------  -----------------
<S>                                                      <C>                 <C>                <C>
Revenues, Interest income                                $           7,107   $               -  $           7,107

Expenses
     Write-off of acquired research
        and development                                                                                  3,000,000
     Research and development                                       96,699                                 272,124
     General and administrative                                    398,880               9,199           1,590,203
                                                         -----------------   -----------------  -----------------

                                                                   495,579               9,199           4,869,434
                                                         -----------------   -----------------  -----------------

              Net loss                                   $        (488,472)  $          (9,199)  $      (4,855,220)
                                                         =================   =================   =================

Basic loss per share of common stock                     $           (0.03)  $           (0.00)  $           (0.40)
                                                         =================   =================   =================

Weighted average number of
common shares outstanding                                       15,896,864          12,335,864          12,282,697
                                                         =================   =================   =================
</TABLE>

                       See Notes to Financial Statements

                                        2


<PAGE>
                                CYBERECORD, INC.
                          (A Development Stage Company)

                  STATEMENTS  OF  STOCKHOLDERS'  EQUITY - Unaudited
              For the Three Months Ended March 31, 2000 and 1999,
            and the Period From September 27, 1996 to March 31, 2000

<TABLE>
<CAPTION>
                                                                                         Deficit
                                                                                       Accumulated
                                                                         Additional    During the
                                               Common       Common         Paid-in     Development  Receivable for
                                               Shares        Stock         Capital       Stage      Shares Sold     Total
                                             ----------   ----------    -----------   -----------  ------------  ----------
<S>                                          <C>          <C>           <C>           <C>          <C>          <C>
Balances, September 27, 1996                    335,864   $    3,359    $       769   $         -  $        -   $     4,128

Issuance of common stock
  (October and November 1996)                 8,700,000        8,700         49,410                                  58,110
Net loss                                                                                   (3,192)                   (3,192)
                                             ----------   ----------    -----------   -----------   ---------  ------------
Balances, December 31, 1996                   9,035,864       12,059         50,179        (3,192)                   59,046

Issuance of common stock,
  net of effects of exchange
  of Chrysalis shares for
  Pillar shares (October 1997)                3,300,000      111,300        128,700                                 240,000
Additional capital contributed
  by shareholders                                                            46,700                                  46,700
Net loss                                                                                 (345,688)                 (345,688)
                                             ----------   ----------    -----------   -----------   ---------  ------------
Balances, December 31, 1997                  12,335,864      123,359        225,579      (348,880)                       58

Additional capital contributed
  by shareholders                                                            83,500                                  83,500
Net loss                                                                                  (82,251)                  (82,251)
                                             ----------   ----------    -----------   -----------   ---------  ------------
Balances, December 31, 1998                  12,335,864      123,359        309,079      (431,131)                    1,307

Issuance of common stock in
  exchange for subscriptions
  receivable (March 1999)                     1,970,000       19,700        965,300                  (985,000)
Issuance of common stock in
  exchange for services (March 1999)              6,000           60          2,940                                   3,000
Additional capital contributed
  by shareholders                                                             6,300                                   6,300
Net loss                                                                                   (9,199)                   (9,199)
                                             ----------   ----------    -----------   -----------   ---------  ------------
Balances, March 31, 1999                     14,311,864      143,119      1,283,619      (440,330)   (985,000)        1,408

Contribution of shares back
  to the corporation
  by shareholders (April 1999)               (5,000,000)     (50,000)        50,000
Issuance of common stock in
  exchange for services (April 1999)             90,000          900         36,100                                  37,000
Issuance of common stock in exchange for
     Kristal Group assets (April 1999)        6,000,000       60,000      2,940,000                               3,000,000
Issuance of common stock in exchange
  for services (November 1999)                   70,000          700         30,800                                  31,500
Additional capital contributed
  by shareholders                                                             1,750                                   1,750
Collection of subscriptions receivable                                                                985,000       985,000
Net loss                                                                               (3,926,418)               (3,926,418)
                                             ----------   ----------    -----------   -----------   ---------  ------------
Balances, December 31, 1999                  15,471,864      154,719      4,342,269    (4,366,748)          -       130,240

Issuance of common stock in
  exchange for cash (March 2000)              1,275,000       12,750      2,218,500                               2,231,250
Net loss                                                                                 (488,472)                 (488,472)
                                             ----------   ----------    -----------   -----------   ---------  ------------
Balances, March 31, 2000                     16,746,864   $  167,469    $ 6,560,769   $(4,855,220)  $       -  $  1,873,018
                                             ==========   ==========    ===========   ===========   =========  ============
</TABLE>
                       See Notes to Financial Statements

                                        3


<PAGE>
                                CYBERECORD, INC.
                          (A Development Stage Company)

                       STATEMENTS OF CASH FLOWS Unaudited
       For the Three Months Ended March 31, 2000 and 1999, and the Period
                    From September 27, 1996 to March 31, 2000

<TABLE>
<CAPTION>
                                                                                                       Total
                                                                                                    Accumulated
                                                                                                      During
                                                                                                    Development
                                                                                                       Stage
                                                                                                  (September 27,
                                                                                                      1996 to
                                                                                                     March 31,
                                                               2000                1999                2000)
                                                         -----------------   -----------------   -----------------
<S>                                                      <C>                 <C>                 <C>
Cash Flows From Operating Activities
     Net loss                                            $        (488,472)  $          (9,199)  $      (4,855,220)
     Adjustments to reconcile net loss to net
        cash used in operating activities
        Depreciation                                                 7,000                                  10,940
        Writeoff of purchased inprocess
           research and development that had
           not reached technological feasibility                                                         3,000,000
        Professional fees exchanged for
           common stock                                                                  3,000              71,500
        Changes in operating assets and liabilities
           Prepaid expenses and deposits                             4,937                                 (10,257)
           Accounts payable                                         29,307                                  50,743
                                                         -----------------   -----------------   -----------------

              Cash used in operating activities                   (447,228)             (6,199)         (1,732,294)

Cash Flows From Investing Activities
     Purchase of equipment                                         (60,362)                                (89,630)
     Capitalized Development Costs                                (114,020)                               (114,020)
                                                         -----------------   -----------------   -----------------
              Cash used in investing activities                   (174,382)                               (203,650)

Cash Flows From Financing Activities

     Issuance of common stock                                    2,231,250                               3,514,360
     Capital contribution                                                                6,300             138,250
                                                         -----------------   -----------------   -----------------
              Cash provided by financing activities              2,231,250               6,300           3,652,610

              Net increase in cash                               1,609,640                 101           1,716,666

Cash, beginning of period                                          111,154               1,307               4,128
                                                         -----------------   -----------------   -----------------
Cash, end of period                                      $       1,720,794   $           1,408   $       1,720,794
                                                         =================   =================   =================
</TABLE>

                       See Notes to Financial Statements

                                       4
<PAGE>


Note 1. Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance
with  the  instructions  to  Form  10-QSB  and  therefore  do  not  include  all
disclosures necessary for a fair presentation of financial position,  results of
operations,  changes in stockholders'  equity, and cash flows in conformity with
generally  accepted  accounting  principles.  The operating  results for interim
periods are unaudited and are not necessarily an indication of the results to be
expected for the full fiscal year. In the opinion of management,  the results of
operations as reported for the interim period reflect all adjustments  which are
necessary for a fair presentation of operating results.

Note 2.  Per Share Information

Basic  loss per  share is  computed  by  dividing  income  available  to  common
shareholders by the weighted average number of common shares  outstanding in the
period.  Diluted loss per share has not been  presented as inclusion of any such
shares would be antidilutive to the loss per share.

Note 3.  Capitalized Development Costs

CybeRecord's  ScanServer product reached the stage of technological  feasibility
as defined by  Statements  of  Financial  Accounting  Standards  ("SFAS")  86 on
February 16, 2000. Accordingly, all product development costs prior to that date
have been  charge  to  expense  as  research  and  development  and all  product
development  costs  subsequent  to that date have been  included in  capitalized
development costs.

Item 2.  Plan of Operation.

Forward-Looking Statements

In  describing  our plan of operation for the next 12 months as required by Part
I,  Item 2 of  this  report,  much  of  what  we say  will  be  "forward-looking
statements." Words such as "expect,"  "anticipate," "intend," "believe," "plan,"
"objective," "target," "goal," and similar expressions indicate that a statement
is  forward-looking.  Our  forward-looking  statements  reflect our management's
beliefs and  assumptions  based on the  information we currently have available.
Because our  forward-looking  statements are based on what we know and expect at
the time we are preparing this report,  we cannot be sure that the actual course
of our business activities will correspond to what we say in our forward-looking
statements.  There  are many  risks  and  uncertainties  that  could  cause  the
assumptions  we have  used to  formulate  our  business  plans to turn out to be
wrong.  If  our  assumptions  turn  out  to  be  wrong,  our  business's  actual
performance  could  be  much  worse  than we  anticipate  based  on our  current
assumptions.  If our business does not perform as well as investors  expect,  or
analysts or investors develop concerns about how well our business will perform,
the trading prices for our stock are likely to decline, perhaps substantially.

                                        5


<PAGE>



Part I, Item 1 of our Annual Report on Form 10-KSB for the fiscal year completed
December 31, 1999 (filed with the  Securities  and Exchange  Commission on April
14, 2000)  identifies  some of the key risks and  uncertainties  that we believe
could have a serious negative effect on our business.  These risks are described
under the  heading  "Forward-Looking  Statements"  in our 1999 Form  10-KSB.  We
direct investors'  attention to that disclosure and caution that if our business
does  encounter  unexpected  problems  because  of  these  or  other  risks  and
uncertainties,  investors  could  lose some or all of their  investments  in our
business.

Plan of Operation

In February 2000 we produced two prototype  ScanServers  that have been used for
testing and evaluation.  Our current focus is on progressing  from a development
stage company to sustained commercial production of the ScanServer. During March
2000, we ordered sufficient  hardware  components to assemble 30 ScanServers and
sufficient  computer and electronic  components for 10 ScanServers.  (We ordered
hardware for a larger number of  ScanServers  because these  components  require
custom manufacturing.)

We previously  arranged for a  subcontractor  in central  California to assemble
ScanServers  for commercial  distribution.  In May 2000 we hired a manufacturing
manager  to  oversee  commercial   production  of  ScanServers.   Based  on  our
manufacturing manager's recommendations,  we have shifted our initial production
strategy  from one of relying on outside  contractors  to  managing  the initial
commercial  assembly process  in-house.  This is intended to give us more direct
control over production schedules and quality assurance,  as well as the ability
to quickly  identify and resolve any problems  that may arise during the initial
assembly process.

We still  expect to shift the bulk of our  assembly  requirements  to an outside
contractor  as soon as possible.  At the same time, we plan to maintain at least
limited capacity for in-house assembly.  We intend for this capacity to act as a
safety  net.  It will  give us the  ability  to  complete  a  minimal  number of
ScanServers even if we experience problems with outside assembly contractors.

We  had  initially  established  a  target  of  completing  10  ScanServers  for
commercial  distribution by the end of May 2000. Since placing our initial parts
orders in March 2000, however, we have encountered delays in vendors shipping us
the ordered parts. Because of these delays, as of the filing date of this report
we are uncertain  about how many  ScanServers we will be able to complete by the
end of May  2000.  It may be as few as one or two  units if the  delays  are not
resolved  soon.  Once we have received the delayed  components,  we expect to be
able to complete another nine units during June 2000. After that, our goal is to
achieve an on-going production rate of approximately 20 units per month.

We have also initiated the steps  necessary to apply for Federal  Communications
Commission  approval  and  comparable  approval for Canada  (CSA).  We intend to
complete these steps by the end of May 2000 if possible, and to begin commercial
shipping  of  ScanServers  as soon as  approvals  are  pending.  We also plan to
initiate,  by the end of May  2000,  the  process  for  receiving  Underwriters'
Laboratory  listings.  Our  initial  target  geographical  market is the  United
States,  to be followed by Canada,  the United Kingdom,  Columbia,  Brazil,  and
Mexico.  Based on cash raised from stock sales  earlier this year, we believe we
have sufficient cash available to meet our manufacturing and marketing  schedule
as described in this report.

If we are able to implement our production  plans as we intend,  we believe that
we will be able to generate adequate revenues from placing ScanServer units into
service to maintain  operations  at the modest level  described in the preceding


                                       6
<PAGE>


paragraphs.  Without  raising  additional  funds through stock sales,  we do not
expect to be able to expand the scale of our  production  and marketing  efforts
quickly,  but we  believe  we  could  sustain  our  business  and  grow  slowly.
Additional  capital  investment in our business  during the next 12 months would
influence our activities in three key respects: how much advertising we are able
to do, how quickly we can expand the scale of our production operations, and how
quickly we can enter additional  geographical  markets. If we are able to secure
additional funding through stock sales, we would expect to pursue these areas to
the extent we considered it feasible. We cannot,  however, be certain of placing
enough  ScanServers  into service over the next 12 months to meet our  operating
requirements.  If we do not  place  enough  units,  then we will  need to either
obtain adequate  commercial credit arrangements or sell additional stock to fund
our continuing  operations.  We do not currently  have  commitments in place for
obtaining credit or selling additional stock.

As of May 2000,  we do not  intend  to  conduct  significant  new  research  and
development  efforts  relating to the ScanServer  during the next 12 months.  We
expect  to give  primary  operational  focus to  manufacturing  ScanServers  and
placing them into commercial service. As an integral part of moving from product
development to production,  we expect to conduct on-going evaluation of possible
ways to improve  production  and lower costs.  We also expect to devote a modest
level  of  development  effort  to  completion  of a  roll-film  feeder  for the
ScanServer.  In addition,  if sufficient capital is available during the next 12
months,  we expect to begin  research  and  development  on a machine  that will
transfer  digital images onto  microfilm.  As our operations  continue,  we also
expect to watch for new  opportunities  to further  develop or build on our core
technologies in ways that complement our microfilm scanning business.  We do not
currently have any concrete plans in this regard, however.

In May 2000 we leased facilities in Modesto, California to provide space for our
initial in-house assembly activities. As of the filing date of this report, over
the  next 12  months  we do not  intend  to  acquire  significant  new  plant or
equipment or any other  significant new facilities  devoted to the production or
assembly of ScanServers.

We do not currently expect to hire a significant number of additional  employees
during  the  next  12  months.  We  believe  that  overall,  the  complement  of
management,  technical,  and sales and marketing  personnel we currently  employ
should enable us to proceed with  production and marketing at our initial target
levels over the next 12 months.


                          PART II -- OTHER INFORMATION

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

We held a special  meeting of security  holders on February 17,  2000.  The sole
purpose of the special  meeting was to submit to a vote of our security  holders
the  question of whether  CybeRecord,  Inc.  (currently  a Florida  corporation)
should reincorporate as a Nevada corporation. To accomplish the reincorporation,
CybeRecord (Florida) would be merged into a newly-formed Nevada corporation also
named CybeRecord, Inc.

                                        7


<PAGE>


The proposal to reincorporate  CybeRecord  (Florida) as a Nevada  corporation by
merger was  approved  by our  shareholders  at the  February  17,  2000  special
meeting. The tabulation of the votes cast at the special meeting was as follows:

Votes cast in favor - 8,246,930
Votes cast against - 0
Abstentions and broker non-votes - 0

Although our shareholders  approved  reincorporating  as a Nevada corporation at
the February 17, 2000 special meeting, our Board of Directors has elected not to
proceed with reincorporation at this time.

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

(a)      Exhibits

27       Financial Data Schedule

(b)      Reports on Form 8-K.

The  Company did not file any  reports on Form 8-K during the  quarterly  period
covered by this report.

                                   SIGNATURES

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

                                                CybeRecord, Inc.
                                             ---------------------
                                                  (Registrant)

  Date:      May 10, 2000             By:    /s/ JAMES J. LUCAS
        -----------------------              ---------------------
                                             James J. Lucas, President, CEO, and
                                             Principal Financial Officer

                                        8