<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                 Quarterly Report Under Section 13 or 15(d) of
                         Securities Exchange Act of 1934

                       For Period ended December 31, 2000
                         Commission File Number 0-30923

                           AMERICAN TOY VENDING, INC.
         ---------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


<TABLE>
<S>                                         <C>
                   NEVADA                               88-0455326
               ------------------                     ---------------
           (State of Incorporation)         (I.R.S. Employer Identification No.)
</TABLE>

                    7822 NIGHTINGALE WAY, SAN DIEGO, CA 92123
--------------------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

                                 (619) 692-2406
                               -------------------
              (Registrant's telephone number, including area code)


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 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 [ ]


Indicate the number of shares outstanding of each of the issuer's classes of
common stock at the latest practicable date.

As of December 31, 2000, the registrant had 10,985,000 shares of common stock,
$.001 par value, issued and outstanding.

<PAGE>   2

                           AMERICAN TOY VENDING, INC.
                                 BALANCE SHEETS

                                     ASSETS

<TABLE>
<CAPTION>
                                                DEC 31            SEPT 30
                                                 2000              2000
<S>                                          <C>               <C>
CURRENT ASSETS
   CASH (on hand & in the bank)                  1,268             1,295

                                             ---------------------------
TOTAL CURRENT ASSETS                             1,268             1,295

FIXED ASSETS

                                             ---------------------------
NET FIXED ASSETS                                     0                 0

OTHER ASSETS



                                             ---------------------------
TOTAL OTHER ASSETS                                   0                 0

                                             ---------------------------
TOTAL ASSETS                                     1,268             1,295
                                             ===========================
</TABLE>


                      LIABILITIES AND STOCKHOLDERS' EQUITY


<TABLE>
<S>                                          <C>              <C>
CURRENT LIABILITIES

                                             ---------------------------
TOTAL CURRENT LIABILITIES                            0                 0

LONG TERM LIABILITIES

                                             ---------------------------
TOTAL LONG TERM LIABILITIES                          0                 0

                                             ---------------------------
TOTAL LIABILITIES                                    0                 0

STOCKHOLDERS' EQUITY

     COMMON STOCK                               10,985            10,985
     PAID IN CAPITAL                             5,915             5,915

     BEGINNING RETAINED EARNINGS               -15,605           -10,000
     NET INCOME (LOSS)                             -27            -5,605

                                             ---------------------------
     ENDING RETAINED EARNINGS                  -15,632           -15,605

                                             ---------------------------
TOTAL STOCKHOLDERS' EQUITY                       1,268             1,295

                                             ---------------------------
TOTAL LIAB & STOCKHOLDERS' EQUITY                1,268             1,295
                                             ===========================
</TABLE>


<PAGE>   3


                           AMERICAN TOY VENDING, INC.
                                INCOME STATEMENTS
<TABLE>
<CAPTION>
                                                                                                                  3/10/99
                                                                                                                (Inception)
                                           3 Months Ended   3 Months Ended    Year Ended       Year Ended            to
                                              12/31/00         12/31/99         9/30/00          9/30/99          12/31/00
<S>                                        <C>              <C>               <C>              <C>              <C>
REVENUE


                                           --------------------------------------------------------------------------------
TOTAL REVENUE                                         0                0                0                0                0

DIRECT COSTS



                                           --------------------------------------------------------------------------------
TOTAL COST OF GOODS SOLD                              0                0                0                0                0

                                           --------------------------------------------------------------------------------
GROSS PROFIT                                          0                0                0                0                0

OPERATING EXPENSES

     MANAGEMENT FEES                                  0                0                0           10,000           10,000
     GENERAL, SELLING & ADMINISTRATIVE               27                0            5,605                0            5,632

                                           --------------------------------------------------------------------------------
TOTAL OPERATING EXPENSES                             27                0            5,605           10,000           15,632


                                           --------------------------------------------------------------------------------
INCOME FROM OPERATIONS                              -27                0           -5,605          -10,000          -15,632


OTHER INCOME & EXPENSE




                                           --------------------------------------------------------------------------------
TOTAL OTHER INCOME & EXPENSE                          0                0                0                0                0

                                           --------------------------------------------------------------------------------
INCOME BEFORE TAXES                                 -27                0           -5,605          -10,000          -15,632

  PROVISION FOR TAXES



                                           --------------------------------------------------------------------------------
NET INCOME                                          -27                0           -5,605          -10,000          -15,632
                                           ================================================================================

NET LOSS PER SHARE                                  NIL              NIL          -0.0005          -0.0009          -0.0014

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING                           10,985,000       10,985,000       10,985,000       10,985,000       10,985,000
</TABLE>

<PAGE>   4

FINANCIAL STATEMENTS (continued)


                           AMERICAN TOY VENDING, INC.
                             STATEMENT OF CASH FLOWS




<TABLE>
<CAPTION>
                                                                                                3/10/99
                                           3 Months     3 Months       Year        Year       (Inception)
                                            Ended        Ended         Ended       Ended          To
                                          12/31/2000   12/31/1999    9/30/2000   9/30/1999    12/31/2000
<S>                                        <C>          <C>           <C>         <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES
     NET LOSS                                  -27            0       -5,605      -10,000      -15,632

ADJ TO RECONCILE NET LOSS TO NET
CASH PROVIDED BY OPERATING ACTIVITIES
     ISSUE COMMON STOCK                          0            0            0       10,000       10,000


                                           -----------------------------------------------------------
NET CASH USED IN OPERATING ACTIVITIES          -27            0       -5,605            0       -5,632

CASH FLOWS FROM INVESTING ACTIVITIES             0            0            0            0            0

CASH FLOWS FROM FINANCING ACTIVITIES             0            0            0        6,900        6,900


                                           -----------------------------------------------------------
NET INCREASE (DECREASE)                        -27            0       -5,605        6,900        1,268

CASH BEGINNING OF PERIOD                     1,295        5,700        6,900            0            0

                                           -----------------------------------------------------------
CASH END OF PERIOD                           1,268        5,700        1,295        6,900        1,268
</TABLE>

<PAGE>   5

FINANCIAL STATEMENTS (continued)

NOTES TO FINANCIAL STATEMENTS

1. MANAGEMENT'S OPINION

In the opinion of management, the accompanying financial statements contain all
adjustments necessary to present fairly the financial position of the company as
of December 31, 2000 and 1999, and the results of operations and the changes in
cash for the three months ended December 31, 2000 and 1999, the three months
ended December 30, 2000 and 1999, the years ended September 30, 2000 and 1999
and the period of March 10, 1999 (inception) to December 31, 2000. The
accompanying financial statements have been adjusted as of December 31, 2000 as
required by Item 310(b) of Regulation S-B to include all adjustments which in
the opinion of Management are necessary in order to make the financial
statements not misleading.

2. INTERIM REPORTING

The results of operations for the three months ended December 31, 2000 and 1999,
are not necessarily indicative of the results to be expected for the remainder
of the year.

3. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Organization and Nature of Operations

The Company was incorporated in Nevada on March 10, 1999. The Company is a
development stage company and has not conducted any business activities to date.

The Company has selected September 30th as its fiscal year end.

4. Basis of Accounting

The Company's policy is to use the accrual method of accounting and to prepare
and present financial statements which conform to generally accepted accounting
principles. The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and reported amounts of revenues and expenses during the reporting
periods. Actual results could differ from those estimates.

5. Cash and equivalents

For purpose of the statements of cash flows, all highly liquid investments with
a maturity of three months or less are considered to be cash equivalents. There
were no cash equivalents as of December 31, 2000.


<PAGE>   6

FINANCIAL STATEMENTS (continued)

NOTES TO FINANCIAL STATEMENTS

6. Income Taxes

Income taxes are provided for using the liability method of accounting in
accordance with Statement of Financial Accounting Standards No. 109 (SFAS 109),
"Accounting for Income Taxes." A deferred tax asset or liability is recorded for
all temporary differences between financial and tax reporting. Deferred tax
expense (benefit) results from the net change during the year of deferred tax
assets and liabilities.

PART 1 FINANCIAL INFORMATION

Management's Plan of Operations

The Company maintains a cash balance sufficient to sustain corporate operations
until such time as Management can raise the funding necessary to advance its
business plan. The losses of $5632 through December 2000 were due to operating
expenses including licenses and fees, accounting and audit fees and office
expenses. Sales of the Company's equity securities have allowed the Company to
maintain a positive cash flow balance.

The Company's two year business plan encompasses the following steps to
implement its computer-controlled skill crane game business plan: after raising
capital of $5,000,000 during the first six months, the Company intends to order
500 skill cranes with the Company's new communications system from the
manufacturer at a cost of $950,000, and begin securing space for its smart skill
cranes in New York, Florida, and California. During months seven through twelve,
in order to operate its smart skill crane sites, the Company intends to expend
$500,000 for inventory, $50,000 for set-up and maintenance of the Company's web
site, $200,000 for advertising, $90,000 for three regional managers, $300,000
for thirty route drivers, $25,000 for two office clerical employees, $80,000 for
purchase of computers and fixed assets, and $175,000 for rent and other
operating expenses.

Management has made initial progress in implementing its business plan by
setting-up its first web page "smartcrane.net", filing for copyright protection
of its copyrightable skill crane control communications software, and plans to
expand its web site in the first quarter of 2001.

The Company will only be able to continue to advance its business plan after it
receives capital funding through the sale of equity securities. After raising
capital, Management intends to hire employees, rent commercial space in San
Diego, purchase equipment, and begin development of its skill crane machine
operations. The Company intends to use its equity capital to fund the Company's
business plan during the next twelve months as cash flow from sales is not
estimated to begin until year two of its business plan. The Company will face
considerable risk in each of its business plan steps, such as difficulty of
hiring competent personnel within its budget, longer than anticipated deployment
of its skill crane machines at suitable sites, and a shortfall of funding due to
the Company's inability to raise capital in the equity securities market. If no


<PAGE>   7

FINANCIAL STATEMENTS (continued)

NOTES TO FINANCIAL STATEMENTS

funding is received during the next twelve months, the Company will be forced to
rely on its existing cash in the bank and funds loaned by the directors and
officers. The Company's officers and directors have no formal commitments or
arrangements to advance or loan funds to the Company. In such a restricted cash
flow scenario, the Company would be unable to complete its business plan steps,
and would, instead, delay all cash intensive activities. Without necessary cash
flow, the Company may be dormant during the next twelve months, or until such
time as necessary funds could be raised in the equity securities market.



PART II OTHER INFORMATION

ITEM 1 Not applicable.

ITEMS 2-4: Not applicable

ITEM 5: Information required in lieu of Form 8-K: None

ITEM 6: Exhibits and Reports on 8-K:

             a)     No reports on Form 8-K were filed during the fiscal quarter
                    ended December 31, 2000



                                   SIGNATURES


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

        American Toy Vending, Inc.




                                  /s/ Alastair Knott
        Dated: February 5, 2001   -----------------------------------
                                  Alastair Knott
                                  President and Chief Executive Officer