<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-KSB/A

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

                  FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000.

                    [ ] TRANSITION REPORT UNDER SECTION 13 OR
                  15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

            FOR THE TRANSITION PERIOD FROM _________ TO ____________.

                         COMMISSION FILE NUMBER 0-27418

                                  eLINEAR, INC.
                 (NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)

                 DELAWARE                                76-0478045
       (STATE OR OTHER JURISDICTION                     IRS EMPLOYER
    OF INCORPORATION OR ORGANIZATION)              IDENTIFICATION NUMBER

                   10055 WESTMOOR DRIVE, WESTMINSTER, CO 80021
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

         ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE: (303) 534-1408

           SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:

       TITLE OF EACH CLASS                 NAME OF EACH EXCHANGE ON
                                                WHICH REGISTERED

              NONE                                   NONE

           SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

                               TITLE OF EACH CLASS
                          $.001 PAR VALUE COMMON STOCK

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

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


<PAGE>   2


         State the issuer's revenues for its most recent year end: $1,667,547.

         As of March 20, 2001, the market value of the Registrant's $0.001 par
value common stock, excluding shares held by affiliates, was $ 1,362,845 based
on a closing bid price of $0.0781 per share on the OTC Bulletin Board. There
were 17,500,000 shares of common stock outstanding as of March 20, 2001.

                           FORWARD-LOOKING STATEMENTS

         In addition to historical information, this Annual Report contains
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, and is thus prospective. The forward-looking
statements contained herein are subject to certain risks and uncertainties that
could cause actual results to differ materially from those reflected in the
forward-looking statements. Factors that might cause such a difference include,
but are not limited to, competitive pressures, changing economic conditions,
those discussed in the Section entitled "Management's Discussion and Analysis of
Financial Condition and Results of Operations," and other factors, some of which
will be outside the control of the Company. Readers are cautioned not to place
undue reliance on these forward-looking statements, which reflect management's
analysis only as of the date hereof. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events or
circumstances that arise after the date hereof. Readers should refer to and
carefully review the information in future documents the Company files with the
Securities and Exchange Commission.

ITEM 9: DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

         The following table sets forth the names and ages of the Directors and
executive officers of the Company and the positions they hold with the Company.
Directors hold their positions until the next annual meeting of stockholders and
until their respective successors are elected and qualified or until their
earlier resignation, removal from office or death. Executive officers serve at
the pleasure of the Board of Directors.

<TABLE>
<CAPTION>
              NAME                         AGE                            POSITION
              ----                         ---                            --------
<S>                                        <C>      <C>
John V. Ludwig........................      29      Chairman of the Board, President, Chief Executive Officer and
                                                    Chief Technology Officer
William J. Daughton...................      55      Director
David Hardwicke.......................      63      Director
William R. Ivins......................      36      Executive Vice President, Chief Operating Officer, Treasurer
                                                    Secretary and Director
J. Leonard Ivins......................      65      Vice Chairman of the Board, Chairman Corporate Policy and
                                                    Finance Committee and Assistant Secretary
Jonathan W. Miniat....................      29      Executive Vice President, Technology Development
</TABLE>


         JON V. LUDWIG, CHAIRMAN OF THE BOARD, PRESIDENT, CHIEF EXECUTIVE
OFFICER AND CHIEF TECHNOLOGY OFFICER. Mr. Ludwig has served as President and
Chief Executive Officer of the Company since November 1, 1999, as Chairman of
the Board since


<PAGE>   3


December, 1999 and as Chief Technology Officer since November 13, 2000. He
founded Imagenuity, Inc. in October 1997 and served as its President and Chief
Executive Officer from its inception until completion of its merger with and
into a wholly-owned subsidiary of the Company in December, 1999 (the "Imagenuity
Merger"). From November, 1996 to October, 1997, he was employed by CGI Systems,
Inc., a national computer software application training company, as a Certified
Lotus Instructor and Special Project Manager. From 1994 to November, 1996, he
was employed by Productivity Point International, a national computer software
application training company, as a Certified Lotus Instructor and Technical
Sales Specialist.

         WILLIAM J. DAUGHTON, DIRECTOR. Mr. Daughton has served as Director of
the Company since December, 1999. Since 1994, Mr. Daughton has served as the
Director of the Lockheed-Martin Program of Engineering Management at the
University of Colorado. Prior to 1994, he was employed by Texas Instruments as a
senior scientist. Mr. Daughton received a Ph.D. in Applied Physics from the
University of Missouri in 1973.

         DAVID HARDWICKE, DIRECTOR. Mr. Hardwicke has served as Director of the
Company since January 11, 2000. For the last six years, Mr. Hardwicke has served
as Global Account Manager for StorageTek, a provider of network computing
storage.

         WILLIAM R. IVINS, EXECUTIVE VICE PRESIDENT, CHIEF OPERATING OFFICER,
SECRETARY AND DIRECTOR. Mr. Ivins has served as Executive Vice President of the
Company since August 25, 2000, as Director and Treasurer since November 13,
2000, and as Chief Operating Officer and Secretary since March 1, 2001. In
April, 2000, Mr. Ivins opened the Texas market for Elinear, Inc. by establishing
a delivery and sales operation in Houston. Previously, Mr. Ivins was employed
with Productivity Point International (PPI) from August 1996 to January, 2000.
Mr. Ivins most recently was the District Business Development Manager for PPI
Texas. Prior to this Mr. Ivins worked in the PPI Tampa office as the Business
Development Manager. From June, 1995 to August, 1996, he was employed by Raymond
James Financial in Tampa Florida as Information Technology Manager.

         J. LEONARD IVINS, VICE CHAIRMAN OF THE BOARD, CHAIRMAN CORPORATE POLICY
AND FINANCE COMMITTEE, and ASSISTANT SECRETARY. Mr. Ivins has served as Vice
Chairman of the Board and as Chairman of the Corporate Policy and Finance
Committee since August 25, 2000. He has served as assistant secretary since
November 13, 2000. Since 1995, Mr. Ivins has been a private investor.
Previously, he was a founder and co-owner of a privately held company that was
an FDIC and RTC contractor with $60 million in fee income from 1991 to 1995.
Prior to that he was a financial consultant to Fortune 5000 companies and the
president of SouthBilt, Inc. From 1979 to 1981 he was a turnaround and
workout consultant to small publicly-held oil companies.

         JONATHAN W. MINIAT, EXECUTIVE VICE PRESIDENT, TECHNOLOGY DEVELOPMENT.
Mr. Miniat has served as Executive Vice President of Product Development of the
Company since November 13, 2000 and has served as head of delivery since
February 1, 2000. He Founded and served as President of Intellibase Enterprises,
Inc. (d/b/a TechInstruct), a nationwide technical training staffing firm, from
February 1999 until joining eLinear in


<PAGE>   4


February, 2000. He founded Imagenuity, Inc. with Mr. Ludwig in October 1997 and
served as Vice President until February, 1999. From April 1996 to October 1997,
he was a freelance consultant and corporate technical trainer. From 1994 through
April, 1996 he was employed by HTR, Inc., a national software technical training
and consulting company as a Certified Lotus Instructor and Microsoft Certified
Trainer. Mr. Miniat earned his degree in Computer Science from Georgia Institute
of Technology in Atlanta, Georgia.

FAMILY RELATIONSHIPS

         Mr. J. Leonard Ivins is the father of William R. Ivins.

COMPLIANCE WITH SECTION 16(A) OF THE SECURITIES EXCHANGE ACT OF 1934

         Section 16(a) of the Securities Exchange Act of 1934 requires the
Company's directors, officers and stockholders of more than 10% of the Company's
Common Stock to file with the Securities and Exchange Commission initial reports
of ownership and reports of changes in ownership of Common Stock and any other
equity securities of the Company. To the Company's knowledge, based solely upon
representations made by its directors, officers and stockholders of more than
10% of the Company's Common Stock and a review of forms, reports and
certificates furnished to the Company by such persons, all such reports were
filed on a timely basis during 2000.

BOARD OF DIRECTORS

         During 2000, the Board of Directors took various actions by unanimous
written consent and held three Board Meetings. The entire Board of Directors
functions as a Nominating Committee for recommending to stockholders candidates
for positions on the Board of Directors and the Board will consider written
recommendations from stockholders for nominations to the Board of Directors in
accordance with the procedures set forth in the By-Laws of the Company.

AUDIT COMMITTEE

         The Company formed an Audit Committee on May 15, 2000. The Audit
Committee, consisting of Messrs. Hardwicke and Daughton, is authorized to
recommend to the Board independent certified public accounting firms for
selection as auditors of the Company, make recommendations to the Board on
auditing matters, examine and make recommendations to the Board concerning the
scope of audits, and review and approve the terms of transactions between the
Company and related party entities.

COMPENSATION COMMITTEE

         The Company formed a Compensation Committee on May 15, 2000. The
Compensation Committee, consisting of Messrs. Hardwicke and Daughton, is
authorized


<PAGE>   5


to exercise all of the powers of the Board of Directors with respect to matters
pertaining to compensation and benefits, including, but not limited to, salary
matters, incentive/bonus plans, stock option plans, investment programs and
insurance plans, and the Compensation Committee is authorized to exercise all of
the powers of the Board in matters pertaining to employee promotions and the
designation and/or revision of employee positions and job titles. The
Compensation Committee did not meet separately during 2000.

CORPORATE AND FINANCIAL PLANNING COMMITTEE

         The Corporate and Financial Planning Committee, consisting of Mr. J.
Leonard Ivins, is authorized to make recommendations to the Board of
Directors with respect to potential mergers and acquisitions, equity investments
in the Company, loans by the Company from third parties, strategic alliances
and joint ventures, dealings with the Company's creditors, the development of
new products and services to be offered by the Company, the discontinuation of
existing products and services offered by the Company and other legal and
business matters as assigned to the Committee by the Board of Directors from
time to time.

         See "Certain Transactions" for additional information on certain
members of management.

                 VOTING SECURITIES AND PRINCIPAL SECURITY HOLDERS

         As of April 25, 2001, the Company had outstanding and entitled to vote
17,500,000 shares of Common Stock, $.001 par value per share.

         To the knowledge of the Company, the following table sets forth, as of
April 25, 2001, information as to the beneficial ownership of the Company's
voting securities by (i) each person known to the Company as having beneficial
ownership of more than 5% of its voting securities, (ii) each person serving the
Company as a Director on such date, (iii) each person serving the Company as an
executive officer on such date who qualifies as a "named executive officer" as
defined in Item 402(a)(2) of Regulation S-B under the Securities Exchange Act of
1934, and (iv) all of the Directors and executive officers of the Company as a
group.

<TABLE>
<CAPTION>
                                                                 Number of Shares of        Percentage
                                                                    Common Stock          of Common Stock
                    Name and Address(1)                          Beneficially Owned        Outstanding(2)
----------------------------------------------------------       -------------------      ---------------
<S>                                                              <C>                      <C>
Security Ownership of Officers and Directors:

Jon V. Ludwig(5)..........................................           9,290,000                  53%
William R. Ivins..........................................                   0                   *
Jonathan W. Miniat........................................             100,000                   *
David C. Hardwicke(3).....................................              18,500                   *
William J. Daughton.......................................                   0                   *
J. Leonard Ivins..........................................                   0                   *

Officers and Directors as a Group ........................           9,408,500                  53%
(6 persons)

Security Ownership of Certain Beneficial Owners:

Paul Piciocchi(4) (5).....................................           1,403,496(5)                8%
</TABLE>

<PAGE>   6

-------------------

  *      Less than one percent

(1)      Unless otherwise indicated, the address of each of the beneficial
         owners identified is 10055 Westmoor Drive, Westminster, CO 80021.

(2)      Unless otherwise noted, each person has voting and investment power
         with respect to all such shares. The share data is based on 17,500,000
         shares of Common Stock outstanding. Pursuant to the rules of the
         Securities and Exchange Commission, certain shares of Common Stock
         which a person has the right to acquire within 60 days of the date
         hereof pursuant to the exercise of stock options are deemed to be
         outstanding for the purpose of computing the percentage ownership of
         such person but are not deemed outstanding for the purpose of computing
         the percentage ownership of any other person.

(3)      Does not include 6,500 shares owned beneficially by Jean Hardwicke, Mr.
         Hardwicke's wife, as to which shares Mr. Hardwicke disclaims beneficial
         ownership.

(4)      The address of Mr. Piciocchi is 1863 Wazee St., Unit 2E, Denver, CO
         80202.

(5)      Jon Ludwig holds a written proxy granting him voting power with
         respect to 710,000 shares of the 1,403,496 shares owned by
         Mr. Piciocchi.



                             EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION TABLE

         The following table sets forth the annual compensation for services to
the Company, for the years ended December 31, 2000, 1999 and 1998, provided by
Mr. Ludwig, the current Chief Executive Officer of the Company and Gregory
S. Carr, the former Chief Executive Officer. No executive officer of the
Company received compensation exceeding $100,000 during 2000.

                           SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                                                                     ANNUAL COMPENSATION
                                                                                -----------------------------
                 NAME AND PRINCIPAL POSITION                                    YEAR                  SALARY
                 ---------------------------                                    ----                  -------
<S>                                                                             <C>                   <C>
Jon V. Ludwig, Chairman of the Board, President, Chief Executive                1998                       $0
Officer and Chief Technology Officer(1)
                                                                                1999                  $12,500
                                                                                2000                  $76,300
Gregory S. Carr, Chief Executive Officer(1)                                     1998                       $0
                                                                                1999                       $0
                                                                                2000                       $0
</TABLE>

<PAGE>   7

----------------

(1) Mr. Ludwig was appointed as President and Chief Executive Officer of the
Company on November 1, 1999. He was not an employee of the Company, and received
no compensation from the Company, prior to that date. Mr. Carr resigned as Chief
Executive Officer of the Company when Mr. Ludwig was employed on November 1,
1999. Mr. Carr received no compensation for his services as Chief Executive
Officer in 1998 or 1999 and was not employed in any capacity by the Company in
2000.

OPTION GRANTS

         During fiscal year 2000, the Company granted options to the following
executive officers and Directors of the Company as consideration for their
commitment to the growth and success of the Company:

<TABLE>
<CAPTION>
                   NAME                                    NUMBER OF OPTIONS (1)
                   ----                                    ---------------------
<S>                                                        <C>
Jon V. Ludwig.................................                  2,000,000
Jonathan W. Miniat............................                  2,900,000
William R. Ivins..............................                  2,900,000
J. Leonard Ivins..............................                  3,000,000
William J. Daughton...........................                    250,000
David Harwicke................................                    250,000
</TABLE>

---------------------

(1) All of the options set forth in this table were granted on December 29,
2001, are non-qualified options, and have an exercise price of $.109 per share.
Fifty percent of these options vested on the date of grant and the remaining 50%
vest six months thereafter.

EMPLOYMENT AGREEMENTS

         Mr. Ludwig had entered into a written employment agreement with the
Company (the "Employment Agreement"), effective as of November 1, 1999, pursuant
to which he had agreed to serve as the Company's Chief Executive Officer and
President. Mr. Ludwig terminated this agreement, however, he continues to serve
as Chief Executive Officer and President pursuant to an oral employment
agreement with the Company pursuant to which he receives an annual salary of
$84,000.

COMPENSATION TO OUTSIDE DIRECTORS

         The members of the Company's Board of Directors did not receive any
cash compensation for their services as directors, although they were reimbursed
for out-of-pocket expenses in attending Board of Directors' meetings. In 2001,
outside Directors will be compensated at $200 for each meeting attended. Under
the Company's 2000


<PAGE>   8


Stock Option Plan, each outside director was granted options to acquire 50,000
shares of Common Stock in 2000.

                              CERTAIN TRANSACTIONS

            On June, 2001, Mr. Ludwig surrendered 250,000 shares of preferred
stock of the Company, $.001 par value per share (the "Preferred Stock"), to the
Company for cancellation. Mr. Ludwig was the only holder of Preferred Stock
prior to the surrender of the shares. Mr. Ludwig was entitled to 50 votes for
each share of Preferred Stock held by him. In consideration of the cancellation
of the Preferred Stock, the Company agreed to release Mr. Ludwig from his
obligation to indemnify and hold the Company harmless from any and all costs and
losses arising from the lawsuit instituted by Chris Sweeney, which is discussed
below.

         On December 16, 1999, the Company's predecessor, Imagenuity, Inc., was
served with a complaint captioned Chris Sweeney v. Kinetiks.com, Inc. and
Imagenuity, Inc., Circuit Court, Duval County, Florida, Civil Case Number
1999-7252-CA. The Complaint alleged a breach of an alleged oral modification of
a written employment agreement between the Plaintiff, Chris Sweeney, and
Imagenuity and alleged breaches by the Company and Imagenuity of fiduciary
obligations which the Plaintiff claims were owed to him. Plaintiff is seeking as
damages twenty percent of the Company's common stock received by Mr. Ludwig, the
sole shareholder of Imagenuity, in connection with the merger of Imagenuity with
and into the Company. The Company is currently appealing the trial court's
denial of its motion to dismiss for lack of venue before the First District
Court of Appeal for the State of Florida, Appeal No. ID00-5015. Management
intends to vigorously contest the case. While the Company believes the case to
have no merit, at this stage it is impossible to predict the amount or range of
potential loss.

         In 2000, as a result of higher than anticipated overhead and leasing
costs incurred by the Company in the State of Florida, the Company relocated its
headquarters to Colorado and simultaneously closed its Florida operations. In
connection therewith, the Company sold certain assets related to its Florida
operations, including those held through its wholly-owned subsidiary, Elinear
Corporation, to Inobbar, L.L.C., a Florida limited liability company
("Inobbar"), formed by Jay Vickers and John Kaercher. Messrs. Vickers and
Kaercher were officers of the Company. The Company terminated the Company's
employment relationships with Messrs. Vickers and Kaercher upon the completion
of the contemplated sale. As consideration for the purchase of the assets,
Inobbar assumed certain liabilities of the Company and the Company canceled Mr.
Vickers' options to acquire 933,333 shares of the Company's common stock. The
Company believes that the acquisition was fair to the Company and contained
terms at least equivalent to those it may have received in an arms' length
transaction.


<PAGE>   9


ITEM 13: EXHIBITS AND REPORTS ON FORM 8-K

         (a) Exhibits:

         (2) Agreement and Plan of Merger, dated October 11, 1999, between the
Company, eLinear Corporation and Imagenuity, Inc. - incorporated herein by
reference from the Company's Current Report on Form 8-K filed with the
Commission on October 25, 1999.

         (3)(i) Certificate of Incorporation of Kinetiks.com, Inc. -
incorporated herein by reference from the Company's Form 10-KSB for the period
ending December 31, 1995.

         (3)(ii) By-laws of Kinetiks.com Inc. - incorporated herein by reference
from the Company's Form 10-KSB for the period ending December 31, 1995.

         (3)(iii) Amended and Restated Certificate of Incorporation of
Kinetiks.com, Inc. - incorporated herein by reference from the Company's Form
10-QSB for the period ending June 30, 2000.

         (10)(i)Asset Purchase Agreement dated August 21, 2000 among eLinear,
Inc., eLinear Corporation, Inobbar, L.L.C., Jay Vickers and John Kaercher -
incorporated herein by reference from the Company's Form 10-QSB filed with the
Commission on October 24, 2000.

         (10)(ii) Form of Indemnification Agreement for all officers and
directors - incorporated herein by reference from the Company's Form 10-QSB
filed with the Commission on October 24, 2000.

         (21) List of subsidiaries - incorporated herein by reference from the
Company's Form 10-KSB/A filed with the Commission on May 1, 2000.

(b) Reports on Form 8-K:

         The Company filed a Form 8-K with the Commission on January 19, 2001 in
which the Company reported under Item 5 that, on November 13, 2000, the Board of
Directors appointed William Ivins and J. Leonard Ivins as replacement
provisional members of the Board of Directors to fill the positions vacated by
Paul Piciocchi and Paul Thomas. In addition, the Board of Directors elected the
following individuals to the positions set forth opposite their names:

<TABLE>
<S>                                    <C>
Jon Ludwig                             Chief Executive Officer, President, Chief
                                       Technical Officer and Chairman of the Board

William Ivins                          Executive Vice President, Chief Operating Officer
                                       Treasurer and Secretary

J. Leonard Ivins                       Chairman of the Corporate and Financial
                                       Planning Committee Assistant Secretary and
                                       Vice Chairman of the Board of Directors

</TABLE>


<PAGE>   10


                                   SIGNATURES

              Pursuant to the requirements of Section 13 or 15(d) of the
Exchange, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned, thereunto duly authorized on April 27, 2001.

                                       ELINEAR, INC.

                                       By:  /s/ Jon Ludwig
                                           -------------------------------------
                                                        Jon Ludwig,
                                       Chief Executive Officer, President,
                                       Chief Technical Officer and
                                       Chairman of the Board

         Pursuant to requirements of the Exchange Act, this Report has been
signed by the following persons on behalf of the Registrant and in the
capacities indicated on April 27, 2001.

<TABLE>
<S>                                  <C>
                                     Chief Executive Officer, President, Chief
    /s/ Jon Ludwig                   Technical Officer and Chairman of the Board
---------------------------------
Jon Ludwig

                                     Executive Vice President, Chief Operating Officer
                                     Treasurer (Principal Accounting Officer and
                                     Principal Financial Officer), Secretary
   /s/ William Ivins                 and Director
---------------------------------
William Ivins

                                     Chairman of the Corporate and Financial Planning
                                     Committee and Vice Chairman of the Board of Directors
  /s/ J. Leonard Ivins               and Assistant Secretary
---------------------------------
J. Leonard Ivins

                                     Director
---------------------------------
William J. Daughton

                                     Director
---------------------------------
David Hardwicke
</TABLE>


<PAGE>   11


                                  EXHIBIT INDEX


         (2) Agreement and Plan of Merger, dated October 11, 1999, between the
Company, eLinear Corporation and Imagenuity, Inc. - incorporated herein by
reference from the Company's Current Report on Form 8-K filed with the
Commission on October 25, 1999.

         (3)(i) Certificate of Incorporation of Kinetiks.com, Inc. -
incorporated herein by reference from the Company's Form 10-KSB for the period
ending December 31, 1995.

         (3)(ii) By-laws of Kinetiks.com Inc. - incorporated herein by reference
from the Company's Form 10-KSB for the period ending December 31, 1995.

         (3)(iii) Amended and Restated Certificate of Incorporation of
Kinetiks.com, Inc. - incorporated herein by reference from the Company's Form
10-QSB for the period ending June 30, 2000.

         (10)(i)Asset Purchase Agreement dated August 21, 2000 among eLinear,
Inc., eLinear Corporation, Inobbar, L.L.C., Jay Vickers and John Kaercher -
incorporated herein by reference from the Company's Form 10-QSB filed with the
Commission on October 24, 2000.

         (10)(iii)Form of Indemnification Agreement for all officers and
directors - incorporated herein by reference from the Company's Form 10-QSB
filed with the Commission on October 24, 2000.

         (21) List of subsidiaries - incorporated herein by reference from the
Company's Form 10-KSB/A filed with the Commission on May 1, 2000.