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 December 31, 2001

                             FIRST AID DIRECT, INC.
             (Exact name of registrant as specified in its charter)

                 FLORIDA                              65-0729332
--------------------------------------------------------------------------------
         (State of incorporation)         (I.R.S. Employer Identification No.)

10211 NORTHEAST 53RD STREET,         SUNRISE, FLORIDA             33351
--------------------------------------------------------------------------------
(Address of principal executive offices)                        (Zip Code)

Issuer's Telephone Number                                     (954) 749-9926
--------------------------------------------------------------------------------

Securities to be registered pursuant to 12(b) of the Act:     NONE
--------------------------------------------------------------------------------

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

                          COMMON STOCK $.001 PAR VALUE
                          ============================
                                (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required
to  be  filed  by  Section  13  or 15 (d) of the Exchange Act of 1934 during the
preceding twelve (12) months (or for such shorter period that the registrant was
required  to  file  such  reports),  and  (2)  has  been  subject  to the filing
requirements  for  the  past  ninety  (90)  days.

     YES  X          NO
         ---            ---

Indicate by checkmark if disclosure of delinquent filers pursuant to Item 405 of
Regulation  S-K  is not contained herein, and will not 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:     X
                       ---

State registrant's revenues for its most recent fiscal year.     $3,228,000

The  aggregate  market  value  of the voting stock held by non-affiliates of the
registrant  based  on  the closing bid price of such stock as of March 22, 2002,
amounted  to  $1,115,800.

The  number  of  shares outstanding of the registrant's common stock as of March
22,  2002  was  3,985,000  common  shares.


<PAGE>
                             FIRST AID DIRECT, INC.


                                      INDEX


                                                                       PAGE
                                                                       ----

ITEM 1 - DESCRIPTION OF BUSINESS                                         1

ITEM 2 - DESCRIPTION OF PROPERTY                                         5

ITEM 3 - LEGAL PROCEEDINGS                                               5

ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY                     5

ITEM 5 - MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON        5
         EQUITY AND OTHER SHAREHOLDER MATTERS

ITEM 6 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL               7
         CONDITION AND RESULTS OF OPERATIONS

ITEM 7 - FINANCIAL STATEMENTS                                            9

ITEM 8 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON                9
         ACCOUNTING AND FINANCIAL DISCLOSURE

ITEM 9 - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT             10

ITEM 10 - REMUNERATION OF DIRECTORS AND OFFICERS                        11

ITEM 11 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND           12
          MANAGEMENT

ITEM 12 - INTERESTS OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS    14

ITEM 13 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS           14
          ON FORM 8-K

SIGNATURES                                                              16


<PAGE>
                                     PART I

ITEM  1.     DESCRIPTION  OF  BUSINESS.

GENERAL

First Aid Direct, Inc. ("First Aid" or the "Company") was organized in July 1977
in  the  State  of  Florida  under the name of Rehabilitation Institute of South
Florida,  Inc. It remained dormant until it began active operations in September
1997.  First  Aid  is a national distribution business that wholesales first aid
products  to  first aid distributors across the nation. Most of the distributors
operate mobile first aid van services that sell and service the industrial first
aid  kits, mandated by OSHA regulations. These kits are placed in many different
types  of  businesses  and  industrial locations such as factories, distribution
warehouses,  offices,  auto  repair  shops  and  dealerships,  hotels and retail
stores.  The  Company currently has approximately 190 distributors located in 42
states  throughout the United States including Puerto Rico. These states include
Alabama,  Arkansas,  Arizona,  California,  Colorado,  Connecticut,  Delaware,
Florida,  Georgia,  Iowa,  Illinois,  Indiana,  Kansas,  Kentucky,  Louisiana,
Massachusetts,  Michigan,  Minnesota,  Missouri,  Mississippi,  Montana,  North
Carolina,  North Dakota, Nevada, New Jersey, New Mexico, Nevada, New York, Ohio,
Oklahoma,  Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas,
Utah,  Virginia,  Washington,  Wisconsin,  West  Virginia,  and  Wyoming.

A  distributor  typically  operates  a  number of routes. Each route consists of
several hundred locations that are visited by the route driver/salesman at least
once  a  month.  The  driver/salesperson  will  typically  visit  as  many as 20
locations each day. The driver/salesperson operates a van stocked with first aid
supplies  and  uses  the  inventory  to  refill the kits that are placed in each
location. The kits contain a mix of first aid products designed and packaged for
industrial  use,  including  bandages,  tapes, gauze, antiseptics, ointments and
over-the-counter  medications such as aspirin, cough medications, etc. First Aid
has  specialized  packaging  that  lends  itself to the workplace. All items are
packed  in  multilingual  boxes  that wherever possible are dispenser packs that
offer each individual product in a sanitary sealed package as part of a tear off
strip.

In  addition,  First  Aid provides a business-to-business program called "Direct
Ship".  This  program involves direct shipments of first aid and safety products
to  businesses.  Distributors  typically  do  not  service direct ship customers
because  their  product  usage  is  too limited for a driver/salesman to service
monthly  or they need centralized billing, control and pricing. First Aid offers
these customers a direct order system using phone, fax or the First Aid Internet
web  site.  Approximately  two  percent  (2%)  of our business is based upon the
"Direct  Ship"  program  and  approximately  ninety-eight  percent  (98%) of our
business  is  based  upon  independent  distributorship, hospitals and emergency
service  agencies.


                                        1
<PAGE>
INDUSTRY  BACKGROUND

The  first  aid  business is comprised of many independent distributors of first
aid  and  safety  products  provided  to  the workplace via mobile van services.
Products  and  services include first aid cabinets, over-the-counter medications
and  general first aid supplies. Certain distributors also offer safety products
and  a  variety  of  related  training  programs.

These  independent  distributors  purchase  their  products  through value-added
wholesale  distribution  companies.  There  are  approximately 12 such companies
operating  in  the  United  States.  Typically, a wholesale company will recruit
distributors  within  the industry to distribute products under the wholesaler's
names.  The  typical  business  relationship  between wholesaler and distributor
features  restrictions  such  as limited territories, non-compete agreements and
agreements  to  use  the  wholesale  company's name as the distributor's product
line.

Today,  the  potential  market  for these distributors is virtually any business
with  employees.  The  reason  is  that the Federal Occupational Safety & Health
Administration  (OSHA)  has a regulation (29 CFR 1910.151(b)) that requires that
First  Aid supplies be readily available in the workplace. It is more convenient
for  the  business  operator to use the services of the first aid distributor to
supply  the correct product mix of required first aid supplies that are not only
designed for use in the workplace, but are refilled and kept current each month.

A  consolidation  has  taken  place  in the first aid distribution industry. Zee
Medical, a subsidiary of wholesale distributor McKesson HBOC, Inc., currently is
one  of  the oldest companies in the industry and also has a large market share.
Cintas  Corp. decided to penetrate this market quickly, and therefore adopted an
acquisition  strategy.  The  first  acquisition  was in February 1997, which was
followed  by three additional acquisitions, another in 1997 and two in 1998. Zee
Medical  and  Cintas  Corp.  represent our major competition and they each place
broad  restrictions  on their distributors, including geographical restraints on
distribution.

As  a result of the consolidation of some of the major distributors in the first
aid  supply  business,  distributors  working  within  the  same  territory that
previously  bought  from  competing companies are now being supplied by the same
parent  company.  First Aid believes that many of these distributors desire more
independence and choice than the new consolidated entities can offer. We believe
these  market  conditions  provide  an  opportunity  for First Aid to emerge and
compete for the business of the first aid distributors dissatisfied with the new
corporate  structure  brought  on  by  the  consolidation  in  the  industry.

VAN  DYNE-CROTTY  TRANSACTIONS

On  December  20,  1999, Van Dyne-Crotty, Inc. purchased 1,400,000 shares of the
Company's  stock from previously major stockholders, Scott Siegel (currently the
CEO)  and  Robert  Sussman  (formerly  the  CEO).  In conjunction with the share
purchase, Van Dyne-Crotty and First Aid entered into an Asset Purchase Agreement


                                        2
<PAGE>
which  transferred  all  of  the  assets of its van distribution business to Van
Dyne-Crotty,  consisting  of motor vehicles, accounts receivable, inventory, and
various  permits.  The  parties  simultaneously  entered into a Supply Agreement
under which Van Dyne-Crotty agreed to purchase all of its requirements for first
aid  products and supplies from First Aid for a five-year term, unless First Aid
were  sold  to  a  competitor of Van Dyne-Crotty. Under the terms of this supply
agreement,  First  Aid  is  required  to  sell the products at the lowest of the
prevailing  market price for the best grade for each type of item covered. First
Aid  may  alter  the  price  of  any  item  upon notice, but Van Dyne-Crotty may
discontinue  purchasing  its  total requirements of any item if the price is not
comparable  or  the quality of the item is not competitive with similar types of
products. The determination of whether our pricing is not competitive is made by
price  comparison with other wholesalers of first aid products. In February 2002
the  Company  granted  and  continues  to grant Van  Dyne-Crotty  a five percent
discount  from  previous  price  levels due to competitive market prices and the
volume  of  purchases  made  by  Van  Dyne-Crotty.

For  the  year ended December 31, 2001, Van Dyne-Crotty accounted for 32% of the
Company's  revenues  versus  25%  for  the  year  ended  December  31,  2000.

Following  the  December  16, 1999 Asset Purchase Agreement, the Company changed
our name from First Aid Select, Inc. to First Aid Direct, Inc. Van Dyne-Crotty's
newly  formed first aid supply van division began operating under the name First
Aid Select. Subsequently, in calendar 2001,Van Dyne-Crotty began operating under
the  name  Select  First  Aid.

On  March  16, 2000, the Company entered into an Asset Purchase Agreement to buy
certain  assets  from  Van  Dyne-Crotty,  which  Van  Dyne-Crotty  acquired from
Roehampton  Supply,  Inc.  As  was  the  case  with the Asset Purchase Agreement
between  Van  Dyne-Crotty  and First Aid that occurred on December 16, 1999, Van
Dyne-Crotty  retained  equipment,  product  and  marketing  information  from
Roehampton Supply associated with its van distribution business. It assigned and
sold  to  First  Aid those products, assets and marketing information consistent
with First Aid's wholesale distribution operations. The Roehampton products sold
to  First  Aid  have  a  similar  customer  base to First Aid and complement its
product  offering.  They  are marketed to first aid distributors, hospitals, and
emergency  response  teams.

Included  in  the  total  assets  acquired  by  Van  Dyne-Crotty  were  accounts
receivable,  inventory  and  the  customer  list  related  to  certain  products
associated  with  Roehampton  Supply's  line  of  first  aid products. First Aid
acquired  the  accounts receivable, inventory and the customer listings from Van
Dyne-Crotty at Van Dyne-Crotty's cost at the time of the Roehampton transaction.
The  purchase  price  of  $200,000  has  been  paid.

On  March  20,  2000,  First  Aid entered into a non-competition agreement and a
consulting  agreement  with  the  original  owner  of the Roehampton assets. The
covenant not to compete is for a five-year term and provides for a total payment
of $75,000 to be paid in thirty-six equal installments. The consulting agreement


                                        3
<PAGE>
is  for  a three-year term and provides for payment of $75,000 to the consultant
in  thirty-six  equal  installments.

STRATEGY

Our  strategy  is  to offer existing distributors that are dissatisfied with the
consolidation  of  the  first  aid  products  industry  an alternative source of
supply.  By  seeking  federal  trademark  protection  of  our  brand  names  and
innovating  the  package  design  for  our  products,  our  goal is to offer new
entrants  into  the first aid business a national brand of products and support.
First  Aid  places  no  territorial  restrictions  on  its  distributors, giving
existing  operators  the  opportunity  to  expand  regionally. Without territory
agreements  and  based upon our "Direct Ship" program, we believe that First Aid
will  be able to offer large national companies a centralized and uniform direct
buying  program.

PRODUCTS  AND  SERVICES

Our  product line and services include the following type of items and services:
cabinets  and  first  aid  kits, first aid treatments, first aid tablets, safety
equipment,  training  and  compliance  and  distributor  services.

PRODUCT  LIABILITY

We  maintain  product  liability  insurance  in  the  amount  of $6,000,000. Our
suppliers  also  maintain  product liability insurance. Our purchase orders with
our  suppliers  do  not  limit  or  allocate  liability  between  the  parties.

MARKETING  AND  SALES

Our  sales  team,  which  currently  consists  of  one  sales  director  and one
telemarketer,  is  responsible  for  developing  new business. The team solicits
distributor and direct ship customers by telephone and in-person sales calls. We
also participate in a number of national trade shows and associations to develop
new  customers  and  to  meet  with  existing  ones.

Management  believes  that  three  criteria  drive  the  purchase  of  first aid
products.  They  are  price,  quality  and  service.  We believe we are offering
pricing  and  quality comparable to our competitors. First Aid has established a
number  of  services  like  a  fully  interactive  web  site allowing for direct
purchases online for both distributor and direct ship customers. In addition, we
work  with our distributors through virtually every aspect of starting, managing
and  maintaining  a  productive  operation,  offering a variety of classroom and
field  training  sessions.

COMPETITION

Because  of industry consolidations, two companies, Zee and Cintas, dominate the
market.  There  are many independent distributors who view this consolidation as


                                        4
<PAGE>
detrimental  to  their business. We believe they will prefer to do business with
independently  owned  and  operated  wholesale  companies  such  as  First  Aid.

EMPLOYEES

First Aid currently employs eleven persons, ten of whom are full-time employees,
in  the following capacities: one administrator, two in sales and marketing, one
office  manager,  two  office  staff  and  five  in  warehouse and assembly. The
Company's  employees  are  not represented by a collective bargaining agreement,
and  the  Company  considers  its  relations  with  its  employees  to  be good.

ITEM  2.     DESCRIPTION  OF  PROPERTY

First  Aid Direct's corporate headquarters and distribution center is located at
10211  NW  53rd  Street,  Sunrise, Florida, 33351. The business has been at this
location  for  four  years.  We  do  approximately  20%  of packaging at our own
facility.  The  operation is located in a modern warehouse complex and currently
occupies  7,200  square  feet of fully air-conditioned space consisting of 1,500
square  feet  of  office space, a 250 square foot assembly area and 5,450 square
feet  of  warehouse. We lease the facility through July 31, 2004 from Mr. Robert
Sussman,  formerly  a  director and Chief Executive Officer, at a $53,000 annual
rental,  in  a  multiple  tenant facility. The terms of the lease are comparable
with  that  provided  to  non-related  tenants.

ITEM  3.     LEGAL  PROCEEDINGS.

None.

ITEM  4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.


                                     PART II

ITEM  5.     MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY AND
OTHER  SHAREHOLDER  MATTERS.

First Aid's common stock currently trades on the Over-The-Counter Bulletin Board
under  the symbol "FADI" (the ticker symbol was changed to "FADI" from "FASL" on
February 12, 2001). As of December 31, 2001 there were 55 shareholders of record
of  our  common  stock. Our common stock traded on the Over-The-Counter Bulletin
Board  under  the  symbol "FASL" from May 1998 to November 1999. On November 18,
1999, our common stock was de-listed from the Over-the-Counter Bulletin Board of
the  National Association of Securities Dealers, Inc. for failure to comply with
the  phase-in  provisions  of  the  OTC  Bulletin  Board Eligibility Rule, which


                                        5
<PAGE>
required  all companies whose securities are quoted on the OTC Bulletin Board to
become  reporting  companies  with  the  Securities  and Exchange Commission. In
December 2000 First Aid became a fully reporting company with the Securities and
Exchange Commission. In February 2001 First Aid common stock again began trading
on  the  Over-The-Counter  Bulletin  Board.

The  following  table  sets  forth  the high and low sales prices for the common
stock  for  the  periods  indicated.  These  quotations  reflect  prices between
dealers,  do not include retail mark-ups, markdowns, and commissions and may not
necessarily  represent  actual  transactions.

<TABLE>
<CAPTION>
        PERIOD          HIGH    LOW
----------------------  -----  -----
<S>                     <C>    <C>
Quarter ended 09/30/98  $1.25  $0.63
Quarter ended 12/31/98  $0.75  $0.28

Quarter ended 03/31/99  $1.13  $0.34
Quarter ended 06/30/99  $1.06  $0.44
Quarter ended 09/30/99  $2.25  $0.56
Quarter ended 12/31/99  $2.25  $0.20

Quarter ended 03/31/00  $1.00  $0.21
Quarter ended 06/30/00  $1.01  $0.40
Quarter ended 09/30/00  $1.06  $0.30
Quarter ended 12/31/00  $0.51  $0.25

Quarter ended 03/31/01  $2.31  $0.40
Quarter ended 06/30/01  $1.25  $0.45
Quarter ended 09/30/01  $0.77  $0.25
Quarter ended 12/31/01  $0.51  $0.11
</TABLE>

Our transfer agent is Florida Atlantic Stock Transfer, Inc., 7130 Nob Hill Road,
Tamarac,  Florida  33321.

We  have  never  paid cash dividends on our common stock. We presently intend to
retain  future earnings, if any, to finance the expansion of our business and we
do  not  anticipate  that  any  cash  dividends  will be paid in the foreseeable
future.  The  future  dividend  policy  will  depend  on  our  earnings, capital
requirements,  expansion  plans, financial condition and other relevant factors.
Declaration  and  payment  of  future  dividends,  if  any,  will be at the sole
discretion  of  the  board  of  directors.

PENNY  STOCK

Until  our  shares  qualify  for  inclusion in the NASDAQ system, the trading of
securities  will  continue  to  be  in  the  over-the-counter  markets, commonly


                                        6
<PAGE>
referred  to  as  the  pink sheets or on the OTC Bulletin Board. As a result, an
investor  may  find  it  more  difficult  to  dispose  of, or to obtain accurate
quotations  as  to  the  price  of  the  securities  offered.

Effective  August  11, 1993, the Securities and Exchange Commission adopted Rule
15g-9,  which established the definition of a penny stock, for purposes relevant
to  us,  as  any  equity security that has a market price of less than $5.00 per
share or with an exercise price of less than $5.00 per share, subject to certain
exceptions.  For  any  transaction  involving  a penny stock, unless exempt, the
rules  require:  (i)  that  a  broker  or  dealer approve a person's account for
transactions  in  penny  stocks;  and (ii) the broker or dealer receive from the
investor  a  written  agreement  regarding  the  transaction,  setting forth the
identity  and quantity of the penny stock to be purchased. In order to approve a
person's account for transactions in penny stocks, the broker or dealer must (i)
obtain  financial  information  and investment experience, and objectives of the
person;  and (ii) make a reasonable determination that the transactions in penny
stocks are suitable for that person and that person has sufficient knowledge and
experience  in  financial  matters  to  be  capable  of  evaluating the risks of
transactions  in  penny stocks. The broker or dealer must also deliver, prior to
any  transaction  in  a  penny  stock,  a  disclosure  schedule  prepared by the
Commission  relating  to  the  penny stock market, which, in highlight form, (i)
sets  forth  the  basis  on  which  the  broker  or  dealer made the suitability
determination;  and  (ii)  that  the broker or dealer received a signed, written
agreement  from the investor prior to the transaction. Disclosure also has to be
made about the risks of investing in penny stock in both public offerings and in
secondary  trading,  and about commissions payable to both the broker-dealer and
the  registered  representative,  current  quotations for the securities and the
rights  and  remedies  available to an investor in cases of fraud in penny stock
transactions.  Finally,  monthly  statements  have  to be sent disclosing recent
price information for the penny stock held in the account and information on the
limited  market  in  penny  stocks.

ITEM  6.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS

To understand the following discussion of First Aid's performance, the following
discussion  should  be  read  in  conjunction  with  the  financial  statements,
including  the  related  notes and other information appearing elsewhere in this
report.

First  Aid's  operations  consist of the wholesale distribution of first aid and
safety products to retail van distributors and the direct sale of those products
to  end  users  through  a  direct  ship  operation.

RESULTS  OF  OPERATIONS

YEAR ENDED DECEMBER 31, 2001 COMPARED TO YEAR ENDED DECEMBER 31, 2000

SALES. Company net sales increased $391,000 (14%) from $2,833,000 in fiscal 2000
to  $3,228,000  in  2001.  Net sales increased 11% from sales under the supplier
agreement  with Van Dyne Crotty, Inc., to be the primary supplier for its retail


                                        7
<PAGE>
first  aid  distribution  business.  An  additional 1% of the sales increase was
attributable  to  increased  sales  from  the acquisition of a customer list and
other assets from Van Dyne Crotty, Inc. as disclosed in Note 10 to the financial
statements.  Sales from other customers increased 2% primarily due to the larger
sales  to  existing  customers  as  well  as  sales  to  new  distributors.

COSTS OF SALES.  Cost of sales increased $203,000 (9.8%) from $2,070,000 in 2000
to  $2,273,000  in 2001.  The increase in cost of sales was lower than the sales
growth  due  to  lower  purchasing  costs  due to the increased sales volume and
decreases  in  freight  costs.

GROSS  PROFIT.  Gross  profit  increased  $191,000  from $764,000 during 2000 to
$955,000  for  2001.  As a percentage, the Company's gross margin increased from
27%  in  2000  to  30%  in  2001. The gross margin improvement resulted from the
factors  noted  above.

GENERAL  AND ADMINISTRATIVE EXPENSE. Expenses increased $34,000 from $831,000 in
2000 to $865,000 during 2001. General and administrative expenses decreased as a
percent  of  sales  from  29%  in  2000  to  26%  in 2001. The decrease resulted
primarily  from  the  sales increase combined with lower professional fees after
completing  the  requirements  to  become  a  fully  reporting  company.

INCOME  FROM CONTINUING OPERATIONS. The Company generated income from continuing
operations for the first time in 2001. Income from operations improved  $157,000
during  2001  to  an  income  from operations of $90,000 compared to a loss from
operations  of  $67,000  during  2000.  The  improvement primarily resulted from
efficiencies  generated  from  increased  sales, lower freight costs and reduced
costs  for  regulatory  compliance  now  that  the  Company is a fully reporting
entity.

LIQUIDITY  AND  CAPITAL  RESOURCES

The  primary  ongoing  sources  of  the  Company's  cash are net cash flows from
operating  activities.  The Company established a $250,000 line of credit with a
bank that matures in February 2003 to fund cash requirements as needed. The line
requires  monthly  interest  payments  and  bears  interest at the prime rate of
interest  (4.75%  at  December  31, 2001). As of December 31, 2001, there was no
outstanding  balance  on  the  line of credit. The line is collateralized by the
Company's  accounts  receivable  and  inventory.

The  Company  believes its current cash position as well as its unused borrowing
capacity on the line of credit, coupled with its cash flow forecast for the year
and  periods  beyond,  will  be  sufficient  to  meet  its  cash needs on both a
short-term  and  long-term basis. The balance sheet has a strong working capital
ratio  (3.62  to  1) and management is not aware of any known trends or demands,
commitments,  events,  or uncertainties, as they relate to liquidity which could
negatively  affect  the  Company's  ability  to  operate  and  grow  as planned.


                                        8
<PAGE>
Net  cash  provided  by operations resulted primarily from decreases in accounts
receivable due to improved collection efforts despite the sales increases offset
by  inventory  increases  due  to  the  increased  sales volume and decreases in
accounts  payable.

Net  cash  flows from investing activities resulted from the purchase of capital
assets.  The  Company  has no significant plans for capital expenditures at this
time.

Net  cash flows from financing activities resulted from the receipt of cash from
the  exercise  of  stock  options  and  the payoff of the line of credit balance
outstanding  at  the  end  of  the  prior  year.

FORWARD  LOOKING  STATEMENTS

Certain statements made within this report are forward looking statements within
the  meaning  of the Private Securities Litigation Reform Act of 1995.  For this
purpose,  any  statements contained herein that are not statements of historical
fact  should  be  regarded  as forward-looking statements.  These statements are
based  on  managements'  beliefs  and  assumptions  and on information currently
available.  These  statements  are subject to risks and uncertainties that could
cause  actual  results  to  differ  materially  from  those contemplated in such
forward  looking  statements.

ITEM  7.     FINANCIAL  STATEMENTS

The  Company's  financial  statements  as  of  December 31, 2001 and the related
statements  of  operations,  changes  in stockholders' equity and cash flows for
each  of  the  two  years  in  the  period  then  ended  are  attached  hereto.

ITEM  8.     CHANGES  IN  AND  DISAGREEMENTS  WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL  DISCLOSURE

On  June  12,  2001,  the  Company  filed  a Form 8-K reporting on the change in
certifying  accountants  and  containing  the  following  information:

At  a  meeting held on June 7, 2001, the Board of Directors of First Aid Direct,
Inc. (the Company") approved the engagement of Margolies, Fink and Wichrowski as
independent auditors of the Company for the fiscal year ended December 31, 2001,
to  replace  the  firm of Rachlin Cohen Holtz LLP ("RCH"), who were dismissed as
the  Company's  auditors, effective June 12, 2001. In connection with the audits
of  the  Company's  financial  statements for each of the two fiscal years ended
December  31,  2000, and in the subsequent unaudited interim period through June
12,  2001  (date  of  dismissal),  there  were  no disagreements with RCH on any
matters  of  accounting principles or practices, financial statement disclosure,
or  auditing  scope and procedures which, if not resolved to the satisfaction of
RCH,  would  have  caused  RCH  to make reference to the subject matter in their
report.


                                        9
<PAGE>
                                    PART III

ITEM  9.     DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGIS-TRANT

Set  forth  below  are  the names, ages and business experience of the executive
officers  and  directors  of  the Company. All the information is as of March 1,
2002.  Directors are elected at the Company's annual meeting of shareholders and
serve  for one year or until their successors are elected and qualify. The Board
elects  officers and their terms of office are, except to the extent governed by
employment  contract,  at  the  discretion  of  the  Board.

<TABLE>
<CAPTION>
           NAME               AGE         POSITION
           -----------------  ---  -----------------------
<S>                           <C>  <C>
           Scott Siegel        48  Chief Executive Officer
           Kevin M. Crotty     46  Director
           Stephen D. Smiley   48  Director
</TABLE>

SCOTT  SIEGEL  - Mr. Siegel assumed the office of interim acting Chief Executive
Officer,  of the Company on August 22, 2000, following the resignation of Robert
Sussman.  Mr.  Siegel  has  since  been installed as the Chief Executive Office,
Secretary  and Treasurer effective January 1, 2001. From August 1997 to December
1999,  Mr. Siegel served as Chairman and Secretary of the Company. From December
1999  to  the  August  2000,  Mr.  Siegel served as a Group Manager at First Aid
Select,  a  business  division  of  Van Dyne-Crotty, Inc. From 1991 to 1997, Mr.
Siegel  was  President  of  Affirmed  Medical  of Florida, Inc., a first aid van
service  distributorship with revenues of approximately $600,000 during its last
full  year of operations in 1996 and generally employed between 6 to 7 full time
employees.

KEVIN M. CROTTY - Mr. Crotty has served as a director of First Aid since January
2000.  Mr.  Crotty  currently  serves  as  Executive  Vice  President  of  Van
Dyne-Crotty, Inc. a company engaged in uniform distribution and textile services
and  headquartered  in  Dayton, Ohio. Van Dyne-Crotty, Inc. is a privately owned
company  that  currently  has  annual revenues of approximately $100 million and
approximately  1,200  employees. Mr. Crotty has been employed by Van Dyne-Crotty
for  24  years  and  has  served  in  a  range  of capacities involving service,
distribution,  production  and  sales.  Mr.  Crotty  is a member of the Board of
Directors  of  Van  Dyne-Crotty.

STEPHEN  D.  SMILEY  -  Mr.  Smiley  has served as a director of First Aid since
January  2000.  Since  1996,  Mr.  Smiley  has  served  as  Vice  President  of
Administration  for  Van Dyne-Crotty, Inc. Mr. Smiley has been employed with Van
Dyne-Crotty  for  the  past  20  years,  acting  in various capacities including
District and General Management, Manager and Regional Manager for several of the
company's  textile  rental  district  operations.

During  the  fiscal year 2001, the Board of Directors acted by unanimous consent
on  two  occasions.


                                       10
<PAGE>
AUDIT  FEES

The  independent  auditors  of  the Company for the year ended December 31, 2001
were  Margolies,  Fink  &  Wichrowski.  The  aggregate  fees, including expenses
billed  by  Margolies,  Fink  &  Wichrowski, in connection with the audit of the
Company's  annual  financial  statements for the most recent fiscal year and for
the  review of the Company's financial information included in its annual report
on Form 10-KSB and its quarterly reports on Form 10-QSB (since the quarter ended
June  30,  2001,  see  Item  8,"Changes  and  Disagreements  with Accountants on
Accounting  and Financial Disclosure") were $21,225.  The audit fees paid to the
prior  auditors,  for  their  work  through  June  7,  2001  were  $20,612.

ALL  OTHER  FEES

The aggregate fees, including expenses billed for all other services rendered to
the  Company  by  Margolies,  Fink & Wichrowski were $750.  These non-audit fees
relate  to  tax  services  performed  for  the  Company.


ITEM  10.     REMUNERATION  OF  DIRECTORS  AND  OFFICERS.

SUMMARY  COMPENSATION  TABLE

The  following table sets forth information relating to the compensation paid by
First  Aid  in  each  of the last three fiscal years to: (i) its Chief Executive
Officer;  and  (ii)  each  of  its  executive officers whose annual compensation
exceeded  $100,000  during  this  period.

<TABLE>
<CAPTION>
                             FISCAL                   OTHER         ANNUAL        LTIP     ALL OTHER
NAME AND PRINCIPAL POSITION  YEAR    SALARY   BONUS   COMPENSATION  OPTIONS/ (#)  PAYOUTS  COMPENSATION
-------------------------------------------------------------------------------------------------------
<S>                          <C>     <C>      <C>     <C>           <C>           <C>      <C>

Scott Siegel                   2001  150,000       0         6,000             0        0        0
Chief Executive Officer        2000        0       0             0             0        0        0
Secretary and Treasurer        1999   81,500       0             0             0        0        0
</TABLE>



Mr.  Siegel  received  no compensation directly from First Aid in 2000. After he
assumed  the  role  of Acting Chief Executive Officer a cost sharing arrangement
with  Van Dyne Crotty was created. For the period from August 22 to December 31,
2000  a  total  of  $30,000 was incurred by First Aid for Mr. Siegel's services.
There were no stock options granted during the year ended December 31, 2001, and
Mr.  Siegel  holds  no  options  as  of December 31, 2001 or during the previous
periods.


                                       11
<PAGE>
EMPLOYMENT  AGREEMENTS

In conjunction with a transaction with Van Dyne-Crotty, First Aid entered into a
five-year  employment  agreement with Mr. Sussman at December 20, 1999. The base
compensation  under this agreement was $100,000 per year with the possibility of
bonuses  as  determined  by  independent  members  of the Board of Directors not
employed  by  First Aid. Mr. Sussman was also to receive an increase of his base
salary  in the year following First Aid having net income in excess of $250,000.
The  agreement also provided for the grant of options to purchase 150,000 shares
of  First  Aid  as  described  above.

Effective  August  16,  2000,  Mr.  Sussman's  employment agreement was canceled
following his mutual agreement with First Aid to terminate his relationship with
the Company. Mr. Sussman delivered to the Company his resignation from the Board
of  Directors  and  the offices of Chief Executive Officer, President, Secretary
and Treasurer on August 22, 2000. A severance agreement was entered into between
First  Aid  and Mr. Sussman on August 16, 2000, which provided for the Company's
payment  of  $50,000  to Mr. Sussman in consideration for the termination of Mr.
Sussman's  employment agreement and his relinquishment of all claims against the
Company  arising out of his employment or the termination of his employment. The
termination  of  Mr.  Sussman's  employment  agreement  canceled  his  option to
purchase  150,000 shares of common stock that would have vested over a five-year
period  beginning  December  20,  2000.

Effective  January  1,  2001,  the  Company entered into a three-year employment
agreement  with  Mr.  Siegel.  The  base  compensation  under  this agreement is
$150,000  per  year  with  the  possibility  of  bonuses  as  determined  by the
independent  members  of  the  Board  of  Directors  not  employed by First Aid.

ITEM  11.     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL OWNERS AND MANAGEMENT

As  of December 31, 2001, there were 3,985,000 shares of common stock issued and
outstanding.  The  following  table  sets  forth,  as  of  December  31,  2001,
information  with  respect  to  the beneficial ownership of the Company's common
stock  by (i) persons known by First Aid to beneficially own more than 5% of the
outstanding  shares of common stock, (ii) each director and officer of First Aid
and  (iii)  all  directors  and  officers  and  Van  Dyne-Crotty  as  a  group.

<TABLE>
<CAPTION>
                        COMMON STOCK BENEFICIALLY OWNED
                        -------------------------------


Name and Address                               Percentage of
of Beneficial Owner                  Shares        Class
----------------------------        ---------  --------------
<S>                                 <C>        <C>
Scott Siegel                          300,000           7.53%
10211 Northeast 53rd Street
Sunrise, Florida 33351


                                       12
<PAGE>
Kevin M. Crotty                         1,000           0.02%
3233 Newmark Drive
Miamisburg, OH 45342

Daniel W. Crotty, as trustee        2,000,000          50.19%
3233 Newmark Drive
Miamisburg, OH 45342

Stephen D. Smiley                       7,200           0.18%
3233 Newmark Drive
Miamisburg, OH 45342

Van Dyne-Crotty, Inc.               1,631,000          40.90%
3233 Newmark Drive
Miamisburg, OH 45342

All officers, directors and
Van Dyne-Crotty as a group          1,932,000          48.48%
</TABLE>


Scott  Siegel  is  the  former  Chairman  of  the  Board of First Aid and was an
executive  with  First  Aid  Select, which is a division of Van Dyne-Crotty from
December  1999  to  December  2000.  Effective August 16, 2000, Mr. Siegel began
acting  as  Interim Chief Executive Officer of First Aid, and effective, January
1,  2001,  Mr. Siegel became the Chief Executive Officer of First Aid as well as
its  Secretary  and  Treasurer.

Kevin Crotty and Stephen D. Smiley are directors of First Aid and also executive
officers  and members of management of Van Dyne-Crotty. Van Dyne-Crotty acquired
an  additional  200,000  shares at $1.50 per share from a non-affiliate of First
Aid  at  the  time  of its transaction with First Aid and 31,000 shares in April
2000  from  Mr.  Sussman.  The  principal shareholders of Van Dyne-Crotty are L.
William  Crotty, Dan Crotty, Kevin Crotty, Robert Crotty, Brian Crotty and Shane
Crotty.  These individuals in their management capacity have the right to voting
and  dispositive  power  for  the  Van  Dyne-Crotty  holdings.

Daniel  Crotty  is  voting  trustee  under  a voting trust agreement executed in
connection  with  the  Van Dyne-Crotty transaction. He has the right to vote Mr.
Siegel's  shares  and  the  shares  acquired  by  members  of  Van Dyne-Crotty's
management.

As  indicated  above,  Scott Siegel and certain of his relatives, Robert Sussman
and  Van Dyne-Crotty entered into a voting trust agreement with Daniel W. Crotty
serving as voting trustee where 1,800,000 shares were transferred to Mr. Crotty,
pursuant to the Voting Trust Agreement dated December 16, 1999. The voting trust
agreement  has  a  term  of  10  years.  The  voting  trust  covers all existing
securities as well as any shares of common stock received upon exercise of stock
options  or warrants. The agreement also provides that the parties to the voting


                                       13
<PAGE>
trust  agreement other than Van Dyne-Crotty may not transfer their shares over a
five-year  period  without giving Van Dyne-Crotty an opportunity to purchase the
shares  at  the  same  price  that  the  shares could be sold to the third party
included  in  the  notice  of  the  transaction.

ITEM  12.     INTERESTS  OF  MANAGEMENT  AND  OTHERS  IN  CERTAIN  TRANSACTIONS.

The  Company  leases  office and warehouse space for its corporate facility from
Robert Sussman, formerly its Chief Executive Officer under a five year operating
lease  expiring July 31, 2004. Annual rent is approximately $57,000 for 2001 and
$53,000  for  2000.

Van  Dyne-Crotty  and  First  Aid  operate  under a Supply Agreement wherein Van
Dyne-Crotty agreed to purchase its total requirements for first aid products for
a  period  of  five  years.  However, the supply agreement will terminate in the
event First Aid's shares are sold to a competitor of Van Dyne-Crotty in the same
business.  The agreement further provides that the prices for the products to be
sold  will  be no higher than the lowest of the prevailing market prices for the
best  grade  of  comparable  products  in the marketplace compared to our lowest
available  distributor pricing. First Aid may revise the price on written notice
for  supplied  items  under the same condition that they represent the lowest of
the  prevailing  market  for  the  best  grade  of  these products. Effective in
February  2002,  First  Aid  granted  and  continues to grant Van Dyne-Crotty an
additional  5%  price  reduction  due  to a review of current competitive market
prices  and  Van  Dyne-Crotty's purchase volume. During the fiscal year 2001 Van
Dyne-Crotty  purchased  $1,042,000  of  our  products,  which  represented
approximately  32%  of  our  total  revenues  for  the  2000  fiscal  year.

In  April  2000,  Van Dyne-Crotty and members of its management acquired 100,000
shares of First Aid from Robert Sussman for a purchase price of $69,000 or $0.69
per  share.

On  March  16,  2000,  First Aid entered into an asset purchase agreement to buy
certain  assets  from  Van  Dyne-Crotty,  Inc.  The  Company  purchased accounts
receivable, inventory and customer lists for the Roehampton Supply, Inc. line of
first aid products. As of December 31, 2000, the full purchase price of $200,000
has  been  paid.  On  March  20,  2000, First Aid entered into a non-competition
agreement  and  a  consulting  agreement  with  the original owner of Roehampton
Supply,  Inc.  above.  The  former  owner's  covenant  not  to  compete is for a
five-year  term  and  provides  for  a  total  payment  of $75,000 to be paid in
thirty-six equal installments. The consulting agreement is for a three-year term
and  provides  for  payment  of  $75,000  to  the consultant in thirty-six equal
installments.


                                       14
<PAGE>
                                     PART IV

ITEM  13.     EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

     (a)  The following documents are filed as a part of this report.

          (1)  Financial  Statements:

               Reports of Independent Certified Public Accountants

               Balance  Sheet

               Statements of Operations

               Statements of Stockholders' Equity

               Statements of Cash Flows

               Notes to Financial Statements


<PAGE>
                             FIRST AID DIRECT, INC.



                                TABLE OF CONTENTS

                                                                        Page
                                                                        ----

REPORTS OF  INDEPENDENT  CERTIFIED  PUBLIC  ACCOUNTANTS               F-1 - F-2


FINANCIAL  STATEMENTS

     Balance  Sheet                                                      F-3

     Statements  of  Operations                                          F-4

     Statements  of  Stockholders'  Equity                               F-5

     Statements  of  Cash  Flows                                         F-6

     Notes  to  Financial Statements                                  F-7 - F-15


<PAGE>
               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS



To the Board of Directors and Stockholders
First  Aid  Direct,  Inc.
Sunrise,  Florida

We  have  audited the accompanying balance sheet of First Aid Direct, Inc. as of
December 31, 2001 and the related 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 auditing standards generally accepted
in  the  United  States  of  America.  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,  the financial statements referred to above present fairly, in
all  material  respects,  the financial position of First Aid Direct, Inc. as of
December  31, 2001, and the results of its operations and its cash flows for the
year  then  ended in conformity with accounting principles generally accepted in
the  United  States  of  America.



/s/ Margolies, Fink & Wichrowski

Margolies, Fink & Wichrowski


Pompano Beach, Florida
February 6, 2002


                                      F-1
<PAGE>
               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


To the Board of Directors and Stockholders
First  Aid  Direct,  Inc.
Sunrise,  Florida


We  have audited the accompanying statements of operations, stockholders' equity
and  cash  flows of First Aid Direct, Inc. for the year ended December 31, 2000.
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,  the financial statements referred to above present fairly, in
all material respects, the results of its operations and its cash flows of First
Aid  Direct,  Inc.  for  the  year  ended  December  31, 2000 in conformity with
generally  accepted  accounting  principles.


                            RACHLIN COHEN & HOLTZ LLP


Fort  Lauderdale,  Florida
January 29, 2001


                                      F-2
<PAGE>
<TABLE>
<CAPTION>
                             FIRST AID DIRECT, INC.
                                  BALANCE SHEET

                                DECEMBER 31, 2001


                                     ASSETS


Current assets:
<S>                                                     <C>
   Cash                                                 $  123,297
   Accounts receivable - stockholder                        36,093
   Accounts receivable, net of allowance for doubtful
      accounts of $20,000                                  206,790
   Note receivable - employee                               12,000
   Inventories                                             507,371
   Prepaid expense                                          40,662
                                                        -----------

      Total current assets                                 926,213
                                                        -----------

Property and equipment, net                                 54,329
Customer lists, net                                        109,475
                                                        -----------

                                                        $1,090,017
                                                        ===========


           LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
   Accounts payable                                     $  224,533
   Accrued expenses                                         31,106
                                                        -----------

      Total current liabilities                            255,639
                                                        -----------

Commitments and contingencies

Stockholders' equity:
   Common stock, $.001 par value; 50,000,000 shares
      authorized; 3,985,000 issued and outstanding           3,985
   Additional paid-in capital                            1,604,127
   Retained  (deficit)                                    (773,734)
                                                        -----------

      Total stockholders' equity                           834,378
                                                        -----------

                                                        $1,090,017
                                                        ===========
</TABLE>

                See accompanying notes to financial statements.


                                      F-3
<PAGE>
<TABLE>
<CAPTION>
                    FIRST AID DIRECT, INC.

                   STATEMENTS OF OPERATIONS

            YEARS ENDED DECEMBER 31, 2001 AND 2000


                                              2001        2000
                                           ----------  -----------
<S>                                        <C>         <C>

Net sales                                  $3,227,544  $2,833,406

Cost of sales                               2,272,606   2,069,625
                                           ----------  -----------

    Gross profit                              954,938     763,781

General and administrative expenses           864,563     831,003
                                           ----------  -----------

Income (loss) before income taxes              90,375     (67,222)

Provision for income taxes                          -           -
                                           ----------  -----------

Net income (loss)                          $   90,375  $  (67,222)
                                           ==========  ===========

Net income (loss) per common share:
    Basic:
      Net income (loss) per common share   $       02  $     (.02)
                                           ==========  ===========

      Weighted average number of shares     3,967,247   3,905,000
                                           ==========  ===========

    Diluted:
      Net income (loss) per common share   $      .02  $     (.02)
                                           ==========  ===========

      Weighted average number of shares     3,985,000   3,905,000
                                           ==========  ===========
</TABLE>

       See accompanying notes to financial statements.


                                      F-4
<PAGE>
<TABLE>
<CAPTION>
                                             FIRST AID DIRECT, INC.

                                       STATEMENT OF STOCKHOLDERS' EQUITY

                                     YEARS ENDED DECEMBER 31, 2001 AND 2000

                                                 Additional                   Stock            Total
                             Number of  Common     Paid-in     Retained    Subscription    Stockholders'
                              Shares     Stock     Capital    (Deficit)     Receivable        Equity
                             ---------  -------  -----------  ----------  --------------  ---------------
<S>                          <C>        <C>      <C>          <C>         <C>             <C>

Balance, January 1, 2000     3,905,000  $ 3,905  $ 1,596,207  $(796,887)  $      (5,000)  $      798,225

  Payment of stock
    subscription receivable                                                       5,000            5,000

  Net loss                           -        -            -    (67,222)                         (67,222)
                             ---------  -------  -----------  ----------  --------------  ---------------

Balance, December 31, 2000   3,905,000    3,905    1,596,207   (864,109)              -          736,003

  Exercise of stock option      80,000       80        7,920                                       8,000

  Net income                                                     90,375                           90,375
                             ---------  -------  -----------  ----------  --------------  ---------------

Balance, December 31, 2001   3,985,000  $ 3,985  $ 1,604,127  $(773,734)  $           -   $      834,378
                             =========  =======  ===========  ==========  ==============  ===============
</TABLE>

                           See accompanying notes to financial statements.


                                      F-5
<PAGE>
<TABLE>
<CAPTION>
                                   FIRST AID DIRECT, INC.
                                  STATEMENTS OF CASH FLOWS
                           YEARS ENDED DECEMBER 31, 2001 AND 2000


<S>                                                                    <C>         <C>
Cash flows from operating activities:
    Net income (loss)                                                  $  90,375   $ (67,222)
                                                                       ----------  ----------

    Adjustments to reconcile net income (loss) to net cash provided
      by (used for) operating activities:
        Depreciation and amortization                                     33,819      30,029
        Provision for doubtful accounts                                    1,702      23,621
        Inventory valuation allowance                                     20,000           -
        Decrease (increase) in accounts receivable                       146,738    (114,351)
        Increase in inventories                                          (36,626)   (184,932)
        Decrease in prepaid expenses                                      33,862           -
        Increase in other assets                                               -    (179,690)
        (Decrease) increase in accounts payable and accrued expenses     (34,810)     91,449
        Decrease in income taxes payable                                       -      (6,500)
                                                                       ----------  ----------

           Total adjustments                                             164,685    (340,374)
                                                                       ----------  ----------

               Net cash provided by (used in) operating activities       255,060    (407,596)
                                                                       ----------  ----------

Cash flows from investing activities:
    Purchase of equipment                                                 (1,999)     (6,007)
                                                                       ----------  ----------

               Net cash used in investing activities                      (1,999)     (6,007)
                                                                       ----------  ----------

Cash flows from financing activities:
    Borrowings on line of credit                                               -     138,000
    Repayment of line of credit                                         (138,000)          -
    Proceeds from exercise of stock option                                 8,000           -
    Payment of stock subscription receivable                                   -      (5,000)
                                                                       ----------  ----------

               Net cash provided by (used in) financing activities      (130,000)    143,000
                                                                       ----------  ----------

Net increase (decrease) in cash                                          123,061    (270,603)

Cash at beginning of period                                                  236     270,839
                                                                       ----------  ----------

Cash at end of period                                                  $ 123,297   $     236
                                                                       ==========  ==========

Supplement disclosures of cash flow information:

    Cash paid for interest                                             $   7,008   $   2,570
                                                                       ==========  ==========
</TABLE>

                       See accompanying notes to financial statements.


                                      F-6
<PAGE>
                             FIRST AID DIRECT, INC.

                          NOTES TO FINANCIAL STATEMENTS

(1)  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     (a)  Organization and Capitalization

     First  Aid  Direct,  Inc.  (the "Company") was incorporated in the State of
     Florida during July 1977 as Rehabilitation Institute of South Florida, Inc.
     The  Articles  of  Incorporation, as amended on December 5, 1997, authorize
     the  Company  to  issue,  and  have outstanding, at any one time 50,000,000
     shares of common stock with a par value of $.001. A second amendment to the
     Articles  of  Incorporation, on December 22, 1999, ratified the name change
     from  First  Aid  Select,  Inc.  to  First  Aid  Direct,  Inc.

     (b)  Business

     The Company distributes on a national level wholesale first aid products to
     first  aid  distributors  and  also provides a business to business program
     called  "Direct  Ship".

     (c)  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 amounts reported in the financial statements
     and  accompanying  disclosures.  Although  these  estimates  are  based  on
     management's  knowledge  of  current events and actions it may undertake in
     the  future,  they  may  ultimately  differ  from  actual  results.

     (d)  Cash  and  Cash  Equivalents

     The  Company  considers  all  highly  liquid  investments  with  original
     maturities  of  three  months  or  less  to  be  cash  equivalents.

     (e)  Inventories

     Inventories,  which  are comprised of first aid products held for sale, are
     stated  at  the  lower  of  cost  or market, and net of a $20,000 valuation
     allowance  as  of  December  31,  2001. Cost is determined on the first-in,
     first-out (FIFO) method. The valuation allowance (reserve for obsolescence)
     was  included  in  cost of goods sold for the year ended December 31, 2001.

     (f)  Accounts  Receivable

     The  Company generally sells product to a wide variety of customers without
     requiring  collateral. The Company monitors their exposure to credit losses
     and  maintains allowances for anticipated losses considered necessary under
     the  circumstances.
                                                                     (CONTINUED)


                                      F-7
<PAGE>
                             FIRST AID DIRECT, INC.

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


(1)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

     (g)  Property  and  Equipment

     Property  and  equipment are stated at cost. Depreciation is computed using
     the  straight-line  method  over  the estimated useful lives of the assets.
     Gain  or loss on disposition of assets is recognized currently. Repairs and
     maintenance  which  do  not  extend  the lives of the respective assets are
     charged  to  expense  as  incurred.  Major  replacements or betterments are
     capitalized  and depreciated over the remaining useful lives of the assets.

     (h)  Customer  Lists

     The  Company  purchased  customer  lists  from a stockholder (see Note 10),
     which  are being amortized using the straight-line method over an estimated
     useful  life  of  ten  years.

     (i)  Revenue  Recognition

     The  Company recognizes revenue, including shipping and handling fees, when
     the  merchandise  is shipped to customers. Allowances for estimated returns
     are  provided  when  sales  are recorded. All costs related to shipping and
     handling  are  included  in  cost  of  sales.

     (j)  Advertising

     Advertising  costs are expensed as incurred. Advertising costs incurred for
     the  years  ended December 31, 2001 and 2000 were approximately $67,000 and
     $11,000,  respectively.

     (k)  Non-competition  Agreement

     The  Company  is amortizing the payments made pursuant to a non-competition
     agreement  over  the  five-year  term  of  the  agreement  (see  Note  10).

     (l)  Income  Taxes

     The  Company  accounts  for  its  income taxes using Statement of Financial
     Accounting Standards (SFAS) No. 109, ("Accounting For Income Taxes"), which
     requires  the  recognition  of  deferred  tax  liabilities  and  assets for
     expected  future  tax consequences of events that have been included in the
     financial  statements  or  tax  returns.  Under  this  method, deferred tax
     liabilities  and  assets are determined based on the difference between the
     financial  statement  and tax bases of assets and liabilities using enacted
     tax  rates  in effect for the year in which the differences are expected to
     reverse.

                                                                     (CONTINUED)


                                      F-8
<PAGE>
                             FIRST AID DIRECT, INC.

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


(1)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

     (m)  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  based
     compensation  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.

     The Company follows SFAS No. 123 in accounting for stock based compensation
     issued  to  non-employees.

     (n)  Net  Income  (Loss)  Per  Common  Share

     The  Company  has  adopted  SFAS  No.  128,  ("Earnings  Per Share"), which
     requires  the reporting of both basic and diluted earnings per share. Basic
     net  loss  per  share  is  determined  by dividing loss available to common
     shareholders  by  the  weighted average number of common shares outstanding
     for the period. Diluted loss per share reflects the potential dilution that
     could  occur  if  options  or  other  contracts  to issue common stock were
     exercised  or  converted  into common stock, as long as the effect of their
     inclusion  is  not  anti-dilutive.

     (o)  Recent  Accounting  Pronouncements

     In  December  1999,  the  Securities  and  Exchange Commission issued Staff
     Accounting  Bulletin  ("SAB")  No.  101, ("Revenue Recognition in Financial
     Statements").  SAB  101  provides  guidance  for  revenue recognition under
     certain circumstances, and is effective for the fourth quarter of 2000. SAB
     101  is  not expected to have a material effect on the Company's results of
     operations,  financial  position  and  cash  flows.

                                                                     (CONTINUED)


                                      F-9
<PAGE>
                             FIRST AID DIRECT, INC.

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)



(1)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

     (o)  Recent  Accounting  Pronouncements  (Continued)

     In June 1998, the Financial Accounting Standards Board issued SFAS No. 133,
     ("Accounting  For Derivative Instruments And Hedging Activities"). SFAS No.
     133  requires  companies  to  recognize all derivatives contracts as either
     assets  or  liabilities  in  the  balance sheet and to measure them at fair
     value.  If  certain  conditions  are  met, a derivative may be specifically
     designated as a hedge, the objective of which is to match the timing of the
     gain  or loss recognition on the hedging derivative with the recognition of
     (i) the changes in the fair value of the hedged asset or liability that are
     attributable  to  the hedged risk or (ii) the earnings effect of the hedged
     forecasted  transaction.  For  a  derivative  not  designated  as a hedging
     instrument,  the  gain  or  loss  is  recognized in income in the period of
     change.  On  June  30, 1999, the FASB issued SFAS No. 137, ("Accounting For
     Derivative  Instruments  And Hedging Activities - Deferral of The Effective
     Date  of  FASB Statement No. 133"). SFAS No. 133 as amended by SFAS No. 137
     is  effective  for all fiscal quarters of fiscal years beginning after June
     15,  2000.  In  June,  2000, the FASB issued SFAS No. 138, ("Accounting For
     Certain  Derivative  Instruments And Certain Hedging Activities"). SFAS No.
     133 as amended by SFAS No. 137 and 138 is effective for all fiscal quarters
     of  fiscal  years  beginning  after  June  15,  2000.

     Historically,  the  Company  has  not entered into derivatives contracts to
     hedge  existing risks or for speculative purposes. Accordingly, the Company
     does  not expect adoption of this standard on January 1, 2001 to affect its
     financial  statements.


(2)  PROPERTY  AND  EQUIPMENT

     The  following  is  a  summary  of property and equipment, less accumulated
     depreciation  as  of  December  31,  2001:

<TABLE>
<CAPTION>
                                               Estimated
                                             Useful Lives
                                             -------------
<S>                                 <C>      <C>
     Furniture and equipment        $94,735        5 years
     Leasehold improvements          20,584        5 years
                                    -------
                                    115,319
     Less accumulated depreciation   60,990
                                    -------

                                    $54,329
                                    =======
</TABLE>

Depreciation  expense for the years ended December 31, 2001 and 2000 was $20,486
and  19,474,  respectively.
                                                                     (CONTINUED)


                                      F-10
<PAGE>
                             FIRST AID DIRECT, INC.

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)



(3)  LINE  OF  CREDIT

The  Company  has  a $250,000 line of credit with a bank, with interest at prime
rate  (4.75%  at  December 31, 2001).  The line matured February 1, 2002 and was
renewed  through  February  1,  2003,  and  is  collateralized  by the Company's
accounts receivable and inventory.  At December 31, 2001, the Company had repaid
the  outstanding  balance  on  the  line  of  credit  during  the  year  2001.


(4)  COMMITMENTS  AND  CONTINGENCIES

Leases
------

The  Company  leases  office space for its corporate facility from the prior CEO
under  a  five  year  operating  lease expiring July 31, 2004.  Rent expense was
$57,400  and  $53,000  for  2001  and  2000,  respectively.

In  December 1999, the Company leased telephone equipment under a non-cancelable
operating lease, which expires in December 2003.  Rent expense $3,000 and $2,700
for  2001  and  2000,  respectively.

The  Company's  future  minimum  rental  commitments  are  as  follows:

<TABLE>
<CAPTION>
          Year Ending
          December 31:
          ------------
<S>                      <C>
              2002       $60,400
              2003        60,400
              2004        33,400
                         -------

                         154,200
                         =======
</TABLE>

(5)  RELATED  PARTY  TRANSACTIONS

Employment  Agreements
----------------------

The  CEO  of  the Company entered into a five-year employment agreement with the
Company  effective  December  20,  1999.  The base compensation is approximately
$100,000,  with  bonus  increases provided that certain performance requirements
are met.  The employment agreement also provided for 150,000 stock options to be
granted  January  1,  2000,  exercisable  over  a five-year vesting period.  The
option  exercise  price is $1.50, which approximates market value on the date of
grant.
                                                                     (CONTINUED)


                                      F-11
<PAGE>
                             FIRST AID DIRECT, INC.

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


(5)  RELATED  PARTY  TRANSACTIONS  (CONTINUED)

On  August  22, 2000, the Company and the CEO mutually terminated his employment
agreement  and  entered  into  a  severance agreement.  This agreement provided,
among  other  things,  for  the  payment  of  $50,000  as full settlement of all
obligations  the Company had pursuant to the employment agreement, including the
surrender  of  his  right  to receive 150,000 options to purchase Company common
stock.  The  CEO  also held the office of President, Treasurer and Secretary and
served  as  a  director  of  the  Company.

Effective  January  1,  2001, the current Chief Executive Officer of the Company
entered into a three-year employment agreement with the Company providing for an
annual  base  compensation  of $150,000 plus an annual discretionary bonus to be
determined  by  the  Board  of  Directors.  The  agreement also provided for the
employee  to  receive  certain  fringe  benefits.

Sales  to  Stockholder
----------------------

During  the  year ended December 31, 2001 and 2000, approximately $1,042,000 and
$704,000  or 32% and 25%, respectively, of revenue was derived from sales to the
majority  stockholder which acquired the retail operations on December 16, 1999,
and  maintains  a  five  year  product  supply  agreement  with  the  majority
stockholder.  In  February 2002, the Company granted, and continues to grant the
stockholder  a  five  percent  discount  from  previous  price  levels  to  meet
competitive  market  prices and the increasing volume of purchases being made by
the  stockholder.


(6)  INCOME  TAXES

A  reconciliation of income tax computed at the statutory federal rate to income
tax  expense  (benefit)  is  as  follows:

<TABLE>
<CAPTION>
                                                       2001       2000
                                                     ---------  ---------
<S>                                                  <C>        <C>
     Tax provision at the statutory rate of 34%      $ 31,000   $(23,000)
     State income taxes, net of federal income tax      5,000     (2,000)
     Benefit of net operating loss carryforward       (34,000)    22,000
     Other                                             (2,000)     3,000
                                                     ---------  ---------

                                                     $      -   $      -
                                                     =========  =========
</TABLE>

The  net  tax  effects  of  temporary differences between the carrying amount of
assets and liabilities for financial reporting purposes and the amounts used for
income  tax  purposes  are  reflected  in  deferred  income  taxes.  Significant
components of the Company's deferred tax assets as of December 31, 2001 and 2000
are  as  follows:
                                                                     (CONTINUED)


                                      F-12
<PAGE>
                             FIRST AID DIRECT, INC.

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


(6)  INCOME  TAXES  (CONTINUED)

<TABLE>
<CAPTION>
                                        2001       2000
                                      ---------  ---------
<S>                                   <C>        <C>
     Net operating loss carryforward  $ 52,000   $ 95,000
     Accounts receivable allowance       7,000          -
     Inventory valuation allowance       8,000      8,000
     Start-up costs                    (21,000)   (23,000)
     Depreciation and amortization      (4,000)    (5,000)
     Less valuation allowance          (42,000)   (74,000)
                                      ---------  ---------

       Net deferred tax asset         $      -   $      -
                                      =========  =========
</TABLE>

As  of  December  31,  2001,  sufficient  uncertainty  exists  regarding  the
realizability  of  these  deferred tax assets and, accordingly, a 100% valuation
allowance  has  been established.  The net change in the valuation allowance for
the  years  ended  December  31,  2001  and  2000  was  $32,000  and  $114,000,
respectively.

At  December  31,  2001,  the  Company  had net operating loss carryforwards for
federal  income  tax  purposes of approximately $154,000, which are available to
offset  future  taxable  income,  if  any,  through  2019.


(7)  STOCK  OPTIONS

In  1995, the Financial Accounting Standards Board issued Statement of Financial
Accounting  Standards  No.  123.  As  permitted  by  SFAS  No.  123, the Company
continues  to  apply  the recognition and measurement provisions of APB 25.  The
differences  between  the recognition and measurement provisions of SFAS No. 123
and  APB  25  had  no material effect on the Company's results of operations for
1999  and  2000.

The  Company  estimates the fair value of each stock option at the grant date by
using the Black-Scholes option-pricing model with the following weighted-average
assumptions used for grants in 1997: no dividend yield; an expected life of five
years;  50%  expected volatility, and 6.00% risk free interest rate.  No options
were  granted during 1999.  In 2000, 150,000 options were granted pursuant to an
employment  agreement  and  expired  upon  termination.

                                                                     (CONTINUED)


                                      F-13
<PAGE>
                             FIRST AID DIRECT, INC.

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


(7)  STOCK OPTIONS (CONTINUED)

The option valuation model was developed for use in estimating the fair value of
traded options which have no vesting restrictions and are fully transferable. In
addition,  valuation  models  require the input of highly subjective assumptions
including the expected price volatility.  Since the Company's stock options have
characteristics  significantly different from those of traded options, and since
variations  in  the  subjective input assumptions can materially affect the fair
value  estimate,  the  actual  results  can  vary  significantly  from estimated
results.

A  summary  of  the  status  of  options  and changes during the years ended are
presented  below:

<TABLE>
<CAPTION>
                                                    Range of
                                                    Exercise
                                          Options     Price
                                         ---------  ---------
<S>                                      <C>        <C>
Summary of Activities in Stock Options:

     Balance, December 31, 1999            80,000   $     .10
     Year Ended December 31, 2000:
       Granted                            150,000   $    1.50
       Exercised                                -
       Expired                           (150,000)
                                         ---------

     Balance, December 31, 2000            80,000   $     .10
     Year Ended December 31, 2001:
       Granted                                  -
       Exercised                          (80,000)  $     .10
       Expired                                  -
                                         ---------

     Balance, December 31, 2001                 -
                                         =========
</TABLE>

(8)  CONCENTRATIONS OF CREDIT RISK

Financial  instruments that potentially subject the Company to concentrations of
credit  risk  are  cash  and  accounts  receivable.

The Company maintains deposit balances at financial institutions that, from time
to  time  during the year, may exceed federally insured limits.  At December 31,
2001  and  2000, the Company had deposits of approximately $123,000 and $38,000,
respectively,  in excess of federally insured limits.  The Company maintains its
cash  with high quality financial institutions which the Company believes limits
these  risks.
                                                                     (CONTINUED)


                                      F-14
<PAGE>
                             FIRST AID DIRECT, INC.

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


(9)  FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS

The  carrying values of cash and cash equivalents, receivables, accounts payable
and accrued liabilities approximated their fair values due to the short maturity
of  these  instruments  as  of  December  31,  2001.


(10) ACQUISITION  OF  ASSETS

Purchase
--------

On  March  16, 2000, the Company entered into an asset purchase agreement to buy
certain  assets  from  a  major  stockholder.  The  Company  purchased  accounts
receivable,  inventory  and  customer  lists for $200,000, as noted below, to be
paid  in  cash.  The  $200,000 represents the historical cost of these assets to
the  stockholder as reflected in the stockholder's accounting books and records.

<TABLE>
<CAPTION>
<S>                         <C>
      Accounts receivable   $25,264
      Inventories            41,374
      Customer lists        133,362
                            -------

                            200,000
                            =======
</TABLE>

Commitments
-----------

The  Company entered into a non-competition agreement and a consulting agreement
with  the  original  owner  of  the  assets purchased above. The covenant not to
compete  is for a five-year term and provides for a total payment of $75,000, to
be  paid  in  thirty-six  equal  installments. The consulting agreement is for a
three-year term and provides for thirty-six equal installments totaling $75,000.


                                      F-15
<PAGE>
   (b)  EXHIBITS

    Exhibit           Description of Documents
    -------           ------------------------

    2.1*       Asset  Purchase  Agreement  between,  dated  December  16,  1999,
               between  Van Dyne-Crotty, Inc. as Purchaser and First Aid Select,
               Inc.  as  Seller.
    2.2*       Asset  Purchase  Agreement,  dated  March  18,  2000, between Van
               Dyne-Crotty,  Inc.  as  Seller  and  First  Aid  Direct,  Inc. as
               Purchaser.
    3.1*       Articles  of  Incorporation,  as  amended.
    3.2*       By-Laws.
    9.1*       Voting  Trust  Agreement.
    10.1*      Employment  contract  with  Robert  Sussman.
    10.2*      Share  Purchase  Agreement between Van Dyne-Crotty, Inc., Scott
               Siegel  and  Robert  Sussman.
    10.3*      Supply  Agreement  between  Van Dyne-Crotty, Inc. and First Aid
               Select,  Inc.
    10.4*      Lease  Agreement  between  First Aid Select and Robert Sussman.
    17.1**     Letter  of  Resignation,  dated  August  22, 2000, from Robert
               Sussman  (incorporated  by  reference  to  the Company's Form 8-K
               filed  with  the  SEC  on  August  30,  2000).
    17.2**     Severance  Agreement,  dated  August  16, 2000, by and between
               First  Aid  Direct,  Inc.  and  Robert  Sussman  (incorporated by
               reference  to the Company's Form 8-K filed with the SEC on August
               30,  2000).
    17.3***    Employment  contract  with  Scott  Siegel.

*  Previously filed with  the  Company's  Form  10SB

**  Previously filed with  a  Company's  Form  8-K

***  Previously filed with the Company's Form 10-KSB for the year ended December
31, 2000


                                       15
<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.


                                FIRST AID DIRECT, INC.



Date:  March 25, 2002                     By:  /s/  Kevin M. Crotty
                                          --------------------------------
                                          Kevin  M.  Crotty,  Chairman,



Date:  March 25, 2002                     By:  /s/  Scott Siegel
                                          --------------------------------
                                          Scott Siegel, Chief Executive Officer,
                                          Secretary  and  Treasurer
                                          (Principal  Executive  Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has  been  signed below by the following persons on behalf of the Registrant and
in  the  capacities  and  on  the  dates  indicated.



Date:  March 25, 2002                     By:  /s/  Scott Siegel
                                          --------------------------------
                                          Scott Siegel, Director


Date:  March 25, 2002                     By:  /s/  Kevin M. Crotty
                                          --------------------------------
                                          Kevin M. Crotty, Director


Date:  March 25, 2002                     By:  /s/  Stephen D. Smiley
                                          --------------------------------
                                          Stephen D. Smiley, Director


                                       16
<PAGE>