SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549
                               -------------------

                                   FORM 10-QSB
                                   (MARK ONE)

[X]      QUARTERLY  REPORT  PURSUANT  TO SECTION 13 OR 15 (D) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

         For the quarterly period ended June 30, 2000
                                       or

[ ]      TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15 (D) OF THE  SECURITIES
         EXCHANGE ACT OF 1934 For the transition  period from  _________________
         to __________________

                         Commission file number 0-027957

                                  RBID.COM INC.
       -----------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


           Florida                                        33-0857311
------------------------------                        -------------------
State of Other Jurisdiction of                        (I.R.S. Employer
Incorporation or Organization)                        Identification No.)



2030 Main Street, Suite 150, Irvine, CA                          96214
---------------------------------------                       ----------
Address of Principal Executive Offices)                       (Zip Code)

                                 (949) 838-0111
                                 --------------
                 (Issuer's Telephone Number, Including Area Code)

24461 Ridge Route Drive, Laguna Hills, CA  92663

     (Former Name,  Former Address and Former Fiscal Year, if Changed Since Last
Report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the  Securities  and Exchange Act of 1934
during the preceding 12 months (or for such shorter  period that the  registrant
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

At June 30, 2000 there were 12,662,363 shares of common stock outstanding.
<PAGE>

<TABLE>
<CAPTION>

                                  RBID.COM INC.
                                   (UNAUDITED)

                                TABLE OF CONTENTS

Part I.  FINANCIAL INFORMATION

Item 1.  Financial Statements
                                                                                       Page
                                                                                       ----

<S>                                                                                     <C>
                  Balance Sheet at June 30, 2000 (Unaudited)                            F-1

                  Statements of  Operations  for the three months ended June 30,        F-2
                  2000 and 1999 (Unaudited)

                  Statements  of  Operations  for the six months  ended June 30,        F-3
                  2000 and 1999 (Unaudited)

                  Statements  of Cash  Flows for the six  months  ended June 30,        F-4
                  2000 and 1999 (Unaudited)

                  Notes to Financial Statements (unaudited)                             F-5
</TABLE>

                                       2
<PAGE>

ITEM 1

<TABLE>
<CAPTION>
                                 RBID.COM, INC.
                                  BALANCE SHEET
                                 June 30, 2000
                                   (Unaudited)


                                     ASSETS
                                     ------

<S>                                                                                              <C>
       Current Assets
            Short-term deposit                                                                   $   344,231
                                                                                                 -----------
                  Total current assets                                                               344,231
                                                                                                 -----------

Software less accumulated depreciation of $32,932                                                    283,311
Property and equipment less accumulated depreciation of $8,401                                       102,955
Deposits                                                                                              35,643
                                                                                                 -----------
                                                                                                     421,909
                                                                                                 -----------
           Total Assets                                                                          $   766,140
                                                                                                 ===========



                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------

Current Liabilities
     Bank overdraft                                                                              $   186,829
     Accounts payable and accrued expenses                                                       $   523,853
     Notes payable, related parties                                                                  161,724
     Escrow advance payable                                                                          334,400
                                                                                                 -----------
           Total current liabilities                                                               1,206,806
                                                                                                 -----------
Stockholders' Equity

     Common stock, $0.001 par value, 50,000,000 shares authorized;
           12,662,363 shares issued and outstanding as of June 30,
           2000 and 8,378,500 shares issued and outstanding as of
           December 31, 1999                                                                          12,662
     Additional paid in capital                                                                    3,433,695
     Accumulated deficit                                                                          (3,887,023)
                                                                                                 -----------
           Total stockholders' equity (deficit)                                                     (440,666)
                                                                                                 -----------
           Total Liabilities and Stockholders' Equity                                            $   766,140
                                                                                                 ===========

</TABLE>

                 See accompanying notes to financial statements.


                                      F-1
<PAGE>

<TABLE>
<CAPTION>

                                 RBID.COM, INC.
                    For The Three Months Ended June 30, 2000
                             STATEMENT OF OPERATIONS
                                   (Unaudited)



                                                                     Three months               Three months
                                                                        ended                      ended
                                                                       June 30,                   June 30,
                                                                         2000                       1999
                                                                     ------------               ------------
<S>                                                                  <C>                        <C>
Revenue                                                              $    800,603               $       --
                                                                     ------------               ------------
Expenses:
        Selling, general and administrative                             1,040,219                    896,453
        Depreciation                                                       25,628                        290
                                                                     ------------               ------------
              Total Operating Expenses                                  1,065,847                    896,743
                                                                     ------------               ------------
Net Loss                                                             $   (265,244)              $   (896,743)
                                                                     ============               ============
Per Share Information:
        Weighted Average Shares Outstanding -
            Basic and Diluted                                          12,682,030                  7,848,500
                                                                     ============               ============
Net Loss Per Common Share - Basic and Diluted                        $      (0.02)              $      (0.11)
                                                                     ============               ============
</TABLE>

                 See accompanying notes to financial statements.

                                      F-2

<PAGE>

<TABLE>
<CAPTION>

                                 RBID.COM, INC.
                            STATEMENTS OF OPERATIONS
                 For the Six Months Ended June 30, 2000 and 1999
                                   (Unaudited)


                                                                     Six months            Six months
                                                                       ended                 ended
                                                                      June 30,              June 30,
                                                                       2000                   1999
                                                                    ------------          ------------
<S>                                                                 <C>                   <C>
Revenue                                                             $  1,954,977          $       --
                                                                    ------------          ------------
Expenses:
        Selling, general and administrative                            2,985,728             1,286,453
        Depreciation and amortization                                     32,632                   290
                                                                    ------------          ------------
              Total operating expenses                                 3,018,360             1,286,743
                                                                    ------------          ------------

Net (loss)                                                            (1,063,383)           (1,286,743)
                                                                    ============          ============
Per Share Information:
        Weighted average shares outstanding -
            basic and diluted                                         11,224,076             7,848,500
                                                                    ============          ============
Net loss per common share - basic and diluted                       $      (0.10)         $      (0.17)
                                                                    ============          ============
</TABLE>


                 See accompanying notes to financial statements.

                                      F-3
<PAGE>

<TABLE>
<CAPTION>

                                 RBID.COM, INC.
       STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2000 and
                                      1999
                                   (Unaudited)
                                                                                     Six months             Six months
                                                                                       ended                  ended
                                                                                      June 30,               June 30,
                                                                                        2000                   1999
                                                                                     -----------           -----------
<S>                                                                                  <C>                   <C>
CASH FLOWS FROM OPERATING ACTIVITIES
          Net loss                                                                   $(1,063,383)          $(1,291,562)
          Adjustments to reconcile net loss to net cash
             provided by (used in) operating activities:
                  Consulting services contributed                                           --               1,083,047
                  Depreciation and amortization                                           32,632                   290
          Changes in assets and liabilities:
                  Increase in credit card deposits                                      (344,231)
                  Increase in deposits                                                   (23,035)               (2,608)
                  Increase in loan receivable, stockholder                                  --                 (26,944)
                  Increase in accounts payable and
                       accrued expenses                                                   97,110                13,992
                                                                                     -----------           -----------
          Net cash used in operating activities                                       (1,300,907)             (223,785)
                                                                                     -----------           -----------
CASH FLOWS FROM INVESTING ACTIVITIES
          Purchase of software                                                          (289,583)                 --
          Purchase of property & equipment                                               (81,204)              (16,285)
                                                                                     -----------           -----------
          Net cash used in investing activities                                         (370,787)              (16,285)
                                                                                     -----------           -----------
CASH FLOWS FROM FINANCING ACTIVITIES
          Proceeds from notes payable and esrow proceeds                                 153,800                  --
          Net proceeds from issuance of common
             stock, net of issuance costs                                              1,309,581               251,261
                                                                                     -----------           -----------
          Net cash provided by financing activities                                    1,463,381               251,261
                                                                                     -----------           -----------
NET INCREASE (DECREASE) IN CASH                                                      $  (208,313)               11,191
CASH, beginning of period                                                                 21,484                  --
                                                                                     -----------           -----------
CASH, end of period (BANK OVERDRAFT)                                                 $  (186,829)          $    11,191
                                                                                     ===========           ===========
SUPPLEMENTAL CASH FLOW INFORMATION Cash paid during the year for:
                  Interest                                                                  --                    --
                  Income taxes                                                              --                    --

</TABLE>

                 See accompanying notes to financial statements.

                                      F-4
<PAGE>

                                  RBID.COM INC.
                          NOTES TO FINANCIAL STATEMENTS
                       For The Quarter Ended June 30, 2000
                                   (Unaudited)

Note 1.   Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information.  Pursuant to the rules of the  Securities  and  Exchange
Commission they do not include all of the information and footnotes  required by
generally accepted accounting principles for complete financial  statements.  In
the opinion of management, all adjustments,  consisting only of normal recurring
accruals considered necessary for a fair presentation, have been included in the
accompanying unaudited financial statements. Operating results for the three and
six months  ended June 30, 2000 are not  necessarily  indicative  of the results
that may be expected for the full year ending  December  31,  2000.  For further
information,  refer to the Form 10-QSB financial statements of the Company as of
March 31, 2000 and the period  October 4, 1988  (Inception) to December 31, 1999
including notes thereto included in the Company's Form 10-KSB.

Note 2.   Comprehensive Income

The  Company  follows  Statement  of  Financial  Accounting  Standards  No. 130,
"Reporting  Comprehensive  Income"  ("SFAS No. 130").  SFAS No. 130  establishes
standards for reporting and display of  comprehensive  income and its components
in the financial  statements.  There were no  differences  between  reported net
income and comprehensive  income for the three and six months and ended June 30,
2000.


Note 3.   Net Income (Loss) Per Share

The net income  (loss) per share is computed by dividing  the net income  (loss)
for the period by the  weighted  average of common  shares  outstanding  for the
period.  For the three and six  months  ended June 30,  2000 and 1999  potential
common  shares  and the  computation  of  diluted  earnings  per  share  are not
considered as their effect would be anti-dilutive.

Note 4.   Short-term deposits

Short-term deposits consist of cash deposit holdbacks from a credit card company
of $487,031 less  estimated  returns to supersite  tenants of $142,800 for a net
amount of $344,231 at June 30, 2000.

                                      F-5
<PAGE>

                                 RBID.COM, INC.
                                   FORM 10-QSB
                       For the Quarter Ended June 30, 2000

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

Overview
--------

The Company began its first full six months ending June 30, 2000 as an operating
Company with  revenues from  customers  after  starting as a  Development  Stage
Company in October 1988. The new management group has provided cash requirements
for  operations  through the  Company's  internal  private  placement  financing
activities and short term investments.

New  management  assumed  control of the Company in October  1999 and  finalized
control with a common stock  issuance  March 2000 and  purchased the majority of
the  founding   stockholders   common  stock  shares.  In  addition,   technical
difficulties  were experienced in redesign of the website during the June 30 and
March 31, 2000 quarters.  Management has addressed this problem with infusion of
additional capital.

The outside marketing  distributor resigned in April, 2000 and was replaced with
a new Company executive  marketing  director which reduced revenue and cash flow
in the June 30, 2000 quarter.

The Company moved in April 2000 to new corporate headquarters at the Wells Fargo
Building in Irvine, California.

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

The quarter ended June 30, 2000 generated revenues of $800,603 versus no revenue
for the prior year  quarter.  Allowances  for returned  website of $142,800 were
netted  against  six  months of the year 2000  revenue.  June 30,  2000  quarter
expenditures totaled $1,065,847 compared to $896,743 in the prior year quarter.

A summary of expenses for the quarter ended June 30, 2000 is as follows:

Advertising, marketing and video expenses             $  150,881

Commissions                                              618,810

Consulting - website and other                            91,014

Legal and professional                                    50,089

Rent                                                      15,578

Salaries and wages                                       115,134

Depreciation                                              25,628

Other expenses                                            98,713

         Total                                        $1,165,847
                                                      ==========
                                       3
<PAGE>


Revenue totaled $1,954,977 for the six months ended June 30, 2000 compared to no
revenue in the prior year period. Expenses were $3,018,360 for the June 30, 2000
six months  compared to  $1,286,743  for the prior six month  development  stage
period.


Liquidity, Capital Resources  and Cash Flows
--------------------------------------------

Cash and  equivalents as of June 30, 2000,  March 31, 2000 and December 31, 1999
were a  cash  overdraft  of  $186,829  and  balances  of  $114,024  and  $21,484
respectively.  The Company at June 30, 2000 has cash  deposit  holdbacks  from a
credit card company of $487,031 less estimated  returns of $142,800 to supersite
tenants for a net amount of  $344,231.  The cash  overdraft of $ 186,829 at June
30, 2000 resulted from the Company meeting its commitments  even though expenses
were  reduced  from the March 31, 2000  quarter  operating  levels.  The Company
expects to recognize  significant  losses and will continue to have a deficiency
in  stockholders  equity that will  increase  for the  foreseeable  future.  The
Internet industry is experiencing increasing competition and rapid technological
changes within a restructuring  capital market.  The Company's future results of
operations  will be  affected  by its  ability  to react to the  changes  in the
competitive environment and its ability to implement new technologies.  However,
management believes that competition,  technological  changes and its deficiency
in  stockholders'  equity  will not  significantly  affect its ability to obtain
financing.

The Company believes it will be able to meet its current and long-term liquidity
and  capital  requirements  through  its cash flows from  operating  activities,
short-term  investments by  management,  lines of credit,  private  placement of
common stock and other external financing.  During the six months ended June 30,
2000,  proceeds  from the  issuance  of  common  stock  totaled  $1,309,581.  In
addition,  $153,800 loans from  offficers and common stock escrow  proceeds were
received in the first half of the June 30, 2000  period.  The Company used funds
of  $1,300,907  in  operating  activities  and  invested  $370,787  in  software
,property and equipment in the first six months of the year 2000.

The Company expects to expend  approximately  $300,000 for website  enhancements
over the next twelve months and is developing  consulting  contracts for website
sales  volume  increases  which  management  estimates  will cost  approximately
$500,000 in this fiscal year.

                                       4
<PAGE>

Part II. OTHER INFORMATION

Item 1.  Legal Proceedings

                  The  Company  has  contingent  liabilities  related  to  legal
                  proceedings  which an estimate of loss or range of loss cannot
                  be made.  Management of the Company believes that amounts,  if
                  any,  to settle  such  contingencies  will not have a material
                  effect on future operations.

Item 2.  Changes in Securities and Use of Proceeds

                  Not applicable

Item 3.  Defaults Upon Senior Securities

                  Not applicable

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

                  No matters were  submitted for a vote of  shareholders  during
                  the period covered by this report.

Item 5.  Other Information

                  Not applicable

Item 6.  Exhibits and Reports on Form 8-K

                  Not applicable

                                       5
<PAGE>

Signature Page

                                    SIGNATURE
                                    ---------

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Company  has duly  caused  this  report to be  signed on its  behalf by the
undersigned hereunto duly authorized.

                                           Rbid.com, Inc.

Date:  August 21, 2000                     By:  /s/ Fred Wallace
       ---------------                          --------------------
                                                    Fred Wallace CFO

                                       6