SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 10-QSB

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

For the quarterly period ended JUNE 30, 2001

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

For the transition period from            to


Commission file number 33-83418-LA


CYBERIA HOLDINGS, INC.
(Exact name of Small Business Issuer as Specified in its
Charter)


Delaware                                           93-1138967
(State or Other Jurisdiction                 (I.R.S. Employer
of Incorporation or                            Identification
Organization)                                         Number)

1531 14th Street
Santa Monica, California 90404
(Address of Principal Executive Offices)

(310) 260-3163
(Issuer's Telephone Number, Including Area Code)


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 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


State the number of shares outstanding of each of the Issuer's
classes of common equity, as of the latest practicable date:

Common, $.0001 par value per share: 30,000,000
outstanding as of August 1, 2001








PART I - FINANCIAL INFORMATION

CYBERIA HOLDINGS, INC. AND SUBSIDIARY


Index to Financial Information
Period Ended June 30, 2001



Item                                    Page Herein

Item 1 -  Financial Statements:

Consolidated Balance Sheet                   3

Consolidated Statements of Operations        4

Consolidated Statements of Cash Flows        5

Notes to Condensed
Consolidated Financial Statements            6

Item 2 -  Management's Discussion
          and Analysis                       7





CYBERIA HOLDINGS, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEET

June 30, 2001

ASSETS

Current Assets

   Cash                                  $    21,605
   Accounts receivable, less allowance
   for doubtful accounts of $84,600          410,908
   Work in process                            99,982
   Prepaid expenses                           28,591
   Deferred tax asset                         47,800
   Due from affiliates                           780
   Total Current Assets                      609,666

Non-Current Assets

   Property, plant and equipment(net)        166,152
   Deferred tax asset                         34,500
   Other assets                               53,464
   Total Non-Current Assets                  254,116


Total Assets                            $    863,782


LIABILITIES & STOCKHOLDERS' DEFICIT

Current Liabilities

   Book overdraft                       $     45,831
   Accounts payable and accrued expenses     259,183
   Deferred income                           431,745
   Due to affiliate                          331,081
   Accrued payroll and payroll taxes          31,499
   Capital lease payable - current            60,170

Total Current Liabilities                  1,159,509

Long Term Liabilities

   Capital lease payable - long term          35,419

Total Long Term Liabilities                   35,419


Stockholders' Deficit
   Common stock                                3,000
   Additional paid in capital                  9,269
   Capital                                       -
   Accumulated deficit                      (343,415)
Total Stockholders' Deficit                 (331,146)

Total Liabilities
& Stockholders' Deficit                  $   863,782






CYBERIA HOLDINGS, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS


                         THREE MONTHS ENDED      SIX MONTHS ENDED
                              JUNE 30,              JUNE 30,
                         2001        2000        2001        2000


Sales                 $569,934     $404,921  $1,180,364   $1,506,364

Cost of sales          291,130      166,064     911,455      367,721
General and
administrative
expenses               325,007      638,241     451,644    1,139,132

Total expenses         616,137      804,305   1,363,099    1,506,853

Net loss
from operations        (46,203)    (399,384)   (182,735)        (489)

Other income (expense)
Interest income            249        2,377      19,204        3,941
Interest (expense)      (8,994)      (6,764)    (37,467)     (12,224)
Total other (expense)   (8,745)      (4,387)    (18,263)      (8,283)

Loss from operations
before taxes and
minority interest      (54,948)    (403,771)   (200,998)      (8,772)

Benefit from (Provision for)
income taxes                -       123,995          -        (6,986)


Net loss before
minority interest      (54,948)    (279,776)   (200,998)     (15,758)

Minority interest           -       (33,689)         -         7,865

Net loss           $   (54,948)   $(246,087)  $(200,998)    $(23,623)

Basic and
diluted loss
per share $              (.002)   $   (.008)  $   (.007)    $  (.001)

Weighted average common
Shares outstanding   30,000,000  30,000,000  30,000,000   30,000,000






CYBERIA HOLDINGS, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS

                                            SIX MONTHS ENDED
                                                JUNE 30,
                                            2001        2000
Operating Activities:

  Net loss from continuing operations  $  (200,998) $ (23,623)
  Adjustments to reconcile net income
  to net cash provided by
  operating activities:
  Depreciation and amortization             46,167     56,252
  Minority interest                            -        1,033
  (Increase) decrease in:
  Accounts receivable                     (263,247)    22,949
  Work in process                          (94,937)    (6,639)
  Prepaid and other current assets         (26,505)     7,397
  Due from officer                          26,101     (2,225)
  Other assets                              (6,243)    (4,447)
  Increase (decrease) in:
  Accounts payable and
  accrued expenses                          47,658     11,989
  Book overdraft                            45,831    (24,863)
  Due to affiliates                         75,161   (108,208)
  Accrued payroll                          (27,049)    57,852
  Income tax payable                       (15,751)        96
  Deferred income                          342,965     92,869

Net cash provided by (used in)
Operating activities - continuing          (50,847)    80,432

Net cash provided by (used in)
Operating activities - discontinued             -        (811)

Investing Activities:

Purchase of equipment                       (1,519)    (8,830)

Net cash provided by (used in)
investing activities                        (1,519)    (8,830)

Financing Activities:
  Capital lease payments                   (31,625)   (33,699)
  Notes and loan payable                  (100,000)        -

Net cash provided (used in)
Financing activities                      (131,625)   (33,699)

Net increase (decrease) in cash           (183,991)    37,092

Cash, beginning of period                  205,596     27,437

Cash, end of period                    $    21,605   $ 64,529





CYBERIA HOLDINGS, INC. AND SUBSIDIARY
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2001
(UNAUDITED)

1.     Presentation of Interim Information

The accompanying unaudited consolidated financial statements
have been prepared in conformity with generally accepted
accounting principles for interim financial information and
with Regulation S-B. Accordingly, they do not include all the
information and footnotes required by generally accepted
accounting principles for complete financial statements.  In
the opinion of management, all normal, recurring adjustments
considered necessary for a fair presentation have been
included.  These consolidated financial statements should be
read in conjunction with the consolidated financial statements
and notes thereto included in the Company's Annual Report on
Form 10-KSB for the year ended December 31, 2000.  The results
of operations for the six months ended June 30, 2001 are not
necessarily indicative of the results that may be expected for
the year ended December 31, 2001.

2.      Financial Statements

The consolidated financial statements include the accounts of
the Company and its subsidiary, Media Revolution.  All
significant intercompany balances, transactions and
stockholdings have been eliminated.

3.      Reclassifications

Certain amounts in the prior period financial statements have
been reclassified to conform with the current period
presentation.  For the three months ended June 30, 2000,
the Company has reclassified non-salary expenses of $295,087
to Cost of Sales from General and Administrative Expenses based
on total direct labor hours at a rate of $40 per hour to form a
direct cost overhead charge.  The overhead rate is an estimate
of non-salary expenses over employee hours.

4.      Furniture and Equipment

Furniture and equipment at June 30, 2001 (unaudited) consisted
of the following:

Furniture and fixtures         $    24,073
Computer equipment                 421,430
Office equipment                    20,584
                                   466,087

Less accumulated depreciation
and amortization                   299,935

Total                         $    166,152

Depreciation expense was $45,831 and $56,252 for the six months
ended June 30, 2001 and 2000, respectively.



Item 2.   Management's Discussion and Analysis

The following discussion should be read in conjunction with the
Financial Information and Notes thereto included in this report
and is qualified in its entirety by the foregoing.

Background

The Company was organized under the laws of the State of
Delaware on February 24, 1994 under the name NW Venture Corp.
In October 1995, the Company completed an initial public
offering of certain shares of its Common Stock pursuant to a
Registration Statement declared effective by the Securities and
Exchange Commission on June 30, 1995 as a "blank check"
offering subject to Rule 419 of Regulation C under the
Securities Act of 1933.

In May 1996, the Company executed an agreement with Cyberia,
Inc., a California corporation ("Cyberia"), and its
shareholders to acquire all of the issued and outstanding
shares of capital stock of Cyberia in exchange for 25,500,000
shares of Common Stock of the Company (the "Cyberia
Acquisition").  At the time thereof and through December 31,
1998, Cyberia was primarily involved in the business of
creating original music for television and radio commercials.
As of December 26, 1996, and following successful completion of
a reconfirmation offering required pursuant to Rule 419, the
Company consummated the Cyberia Acquisition whereby Cyberia
became a wholly-owned subsidiary of the Company.

During 1996, Cyberia entered into an agreement to form Media
Revolution, LLC ("Media Revolution"), which was organized to
design Internet web sites, computer games and software.  The
Company owns 80% of this entity and has control of the
day-to-day operations.  A non-related party owns the remaining
20%.

On January 13, 1997, the Company changed its corporate name to
Cyberia Holdings, Inc.  to reflect the change of direction and
new business of the Company which resulted from the aforesaid
transaction with Cyberia.

On October 6, 1998 a meeting of the Board of Directors and
Officers was held in which it was decided to cease the
operations of Cyberia as of December 31, 1998 to allow the
Company to focus its resources on the growth and development of
Media Revolution.  All existing assets and liabilities at the
close of operations on December 31, 1998 were transferred to
Cyberia Holdings, Inc. as per the Certificate of Dissolution
filed in the Office of the Secretary of State of California.

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2001
vs. JUNE 30, 2000

Net sales for the three month period ended June 30, 2001 were
$569,934 as compared to $404,921 for the three month period
ended June 30, 2000, an increase of $165,013 or 41%.  The
increase is attributable to a quarterly decrease of deferred
income of $13,692 for the three months ended June 30, 2001,
versus an increase in deferred income of $87,225 for the three
months ended June 30, 2000.

Cost of sales was $291,130 for the three month period ended
June 30, 2001 as compared to $166,064 for the three month
period ended June 30, 2000, an increase of $125,066 or 75%.
This increase is due to the implementation of a system for
tracking direct labor that has allowed the Company to more
accurately record the labor cost dedicated to each project.
The result of the new system allocates more labor to cost of
sales and less to general and administrative expenses.

General and administrative expenses were $325,007 for the three
month period ended June 30, 2001 compared to $638,241 for the
three month period ended June 30, 2000, a decrease of $313,234
or 49%.  The decrease in expenses is  due in part to the new
system utilized for tracking direct labor, which has allowed
the Company to more accurately record the labor cost dedicated
to each project.  The result of the new system allocates more
labor to cost of sales and less to general and administrative
expenses.  Cost reductions in payroll and payroll-related
expenses and marketing expenses also contribute to the
reduction in general and administrative expenses.

The Company instituted a new reporting procedure to present a
more reasonable presentation of Cost of Sales, by reclassifying
non-salary expenses to Cost of Sales from General and
Administrative Expenses.  The allocation of non-salary expenses
to direct costs is based on total direct labor hours at a rate
of $40 per hour to form a direct cost overhead charge.  The
overhead rate is an estimate of non-salary expenses over
employee hours.  For presentation purposes, the year 2000
comparative Cost of Sales and General and Administrative
Expenses have been adjusted to reflect the overhead allocation
based on direct labor hours captured for the comparative period
at the same overhead rate as is used for year 2001.


RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2001
vs. JUNE 30, 2000

Net sales for the six month period ended June 30, 2001 were
$1,180,364 as compared to $1,506,364 for the six month period
ended June 30, 2000, a decrease of $326,000 or 22%.  The
decrease is attributable to an increase of deferred income of
$342,965, the majority of which is expected to be recognized in
the third quarter of 2001.  The net sales reported are
consistent with the annualized net sales for year 2000.  The
composition of the client base includes entertainment-based
clients and clients in new target sectors, primarily start up
companies and "dot.com" companies.

Cost of sales was $911,455 for the six month period ended June
30, 2001 as compared to $367,721 for the six month period ended
June 30, 2000, an increase of $543,734 or 148%.  This increase
is due to the implementation of a system for tracking direct
labor that has allowed the Company to more accurately record
the labor cost dedicated to each project.  The result of the
new system allocates more labor to cost of sales and less to
general and administrative expenses.

General and administrative expenses were $451,644 for the six
month period ended June 30, 2001 compared to $1,139,132 for the
six month period ended June 30, 2000, a decrease of $687,488 or
60%.  The decrease in expenses is  due in part to the new
system utilized for tracking direct labor, which has allowed
the Company to more accurately record the labor cost dedicated
to each project.  The result of the new system allocates more
labor to cost of sales and less to general and administrative
expenses.  Cost reductions in payroll and payroll-related
expenses and marketing expenses also contribute to the
reduction in general and administrative expenses.

The Company instituted a new reporting procedure to present a
more reasonable presentation of Cost of Sales, by reclassifying
non-salary expenses to Cost of Sales from General and
Administrative Expenses.  The allocation of non-salary expenses
to direct costs is based on total direct labor hours at a rate
of $40 per hour to form a direct cost overhead charge.  The
overhead rate is an estimate of non-salary expenses over
employee hours.  For presentation purposes, the year 2000
comparative Cost of Sales and General and Administrative
Expenses have been adjusted to reflect the overhead allocation
based on direct labor hours captured for the comparative period
at the same overhead rate as is used for year 2001.

Liquidity and Capital Resources

At June 30, 2001, the Company had a working capital deficiency
of $549,843.  The ratio of current assets to current
liabilities was approximately .53 to 1 at June 30, 2001.  At
June 30, 2001, the Company had a stockholders' deficiency of
$331,146.  To date, the Company has funded its activities
principally from cash flows generated from operations.  The
Company has had to supplement its operational cash flow with
near term financing.  The Company had an outstanding line of
credit amount of $331,000 at June 30, 2001.  The Company is
currently negotiating with major shareholders about the
possibility of making additional capital investments, should
the need for funding arise.

Forward-Looking Statements

This report contains certain forward-looking statements and
information relating to the Company that are based on the
beliefs and assumptions made by the Company's management as
well as information currently available to
the management.  When used in this document, the words
"anticipate", "believe", "estimate", and "expect" and similar
expressions, are intended to identify forward-looking
statements.  Such statements reflect the current views of the
Company with respect to future events and are subject to
certain risks, uncertainties and assumptions.  Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described herein as anticipated,
believed, estimated or expected.  The Company does not intend
to update these forward-looking statements.


PART II - OTHER INFORMATION

Item 1.        Legal Proceedings.

               None.

Item 2.        Changes in Securities.

               None.

Item 3.        Defaults Upon Senior Securities.

               None.

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

               None.

Item 5.        Other Information.

               None.

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

               (a)  Exhibits.

               There are no exhibits applicable to this Form
               10-QSB.

               (b)  Reports on Form 8-K.

               Listed below are reports on Form 8-K filed
               during the fiscal quarter ended June 30, 2001.

               None.




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.


                               CYBERIA HOLDINGS, INC.
                               (Registrant)


Dated: August 20, 2001         By: /s/ Jay Rifkin
                               Jay Rifkin, President



Dated: August 20, 2001         By: /s/ Jay Rifkin
                               Jay Rifkin,
                               Principal Financial Officer