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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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

                                   Form 10-QSB

                  QUARTERLY REPORT PURSUANT SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                          -----------------------------
                  For the quarterly period ended March 31, 2000

                                  ZAPWORLD.COM
                 (Name of small business issuer in its charter)

             CALIFORNIA                             94-3210624
    (State or other jurisdiction of    (I.R.S. Employer Identification No.)
    incorporation or organization)

                                117 Morris Street
                              Sebastopol, CA 95472
                                 (707) 824-4150

    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)

         Securities registered under section 12(b) of the Exchange Act:
                                      None

         Securities registered under section 12(g) of the Exchange Act:
                                      None

         Check whether the issuer (1) filed all reports  required to be filed by
Section 13 or 15(d) of the Securities 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
XNo

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

             5,212,663 shares of common stock as of April 30, 2000.

    Transitional Small Business Disclosure Format            Yes[ ] No[x ]

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


<PAGE>

<TABLE>
Part I.  FINANCIAL INFORMATION
Item 1.  Financial Statements
         ZAPWORLD.COM
         CONSOLIDATED BALANCE SHEET (Unaudited)
        (In thousands)
<CAPTION>

                                                                                      March 31,
                                                                                        2000
----------------------------------------------------------------------------------------------------

                                    ASSETS
<S>                                                                                          <C>
CURRENT ASSETS
     Cash                                                                                    $2,660
     Accounts receivable, net of allowance for doubtful accounts of $53                         461
     Inventories                                                                              1,357
     Notes receivable                                                                            35
     Prepaid expenses and other assets                                                          353
                                                                                 -------------------
                  Total current assets                                                        4,866

PROPERTY AND EQUIPMENT, net of accumulated depreciation of $400                                 395

OTHER ASSETS
      Patents & Trademarks, net of accumulated amortization of $53                            1,314
      Goodwill, net of amortization of $3                                                       109
      Advances to retail stores & technology companies                                          260
      Deposits                                                                                   36
                                                                                 -------------------
               Total other assets                                                             1,719

                                                                                 -------------------
Total assets                                                                                 $6,980
                                                                                 ===================

                   LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
     Accounts payable                                                                          $458
     Accrued liabilities and other expenses                                                     177
     Current maturities of long-term debt                                                        12
     Current maturities of obligations under capital leases                                       7
                                                                                 -------------------
         Total current liabilities                                                              654

OTHER LIABILITIES
     Long-Term Debt, less current maturities                                                     24
     Obligations under capital leases, less current maturities                                   13
                                                                                 -------------------
                 Total other liabilities                                                         37
                                                                                 -------------------

Total liabilities                                                                               691
STOCKHOLDERS' EQUITY
    Preferred stock, authorized 10,000,000 shares; no shares
    Issued or outstanding
    Common stock, authorized 20,000,000 shares of
    no par value; issued and outstanding 5,212,663                                           12,257
    Accumulated deficit                                                                      (5,601)
    Unearned compensation                                                                       (82)
                                                                                 -------------------
                                                                                              6,574
    Less: notes receivable from shareholders                                                   (285)
                                                                                 -------------------
              Total stockholders' equity                                                      6,289
                                                                                 -------------------
Total liabilities and stockholders' equity                                                   $6,980
                                                                                 ===================
<FN>
The accompanying notes are an integral part of the financial statements.
</FN>
</TABLE>

                                                  2

<PAGE>

<TABLE>
ZAPWORLD.COM
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(Thousands, except share amounts)
<CAPTION>

                                                         Three months ended March 31,
                                                          2000                  1999
                                                          ----                  ----
                                                       (UNAUDITED)            (UNAUDITED)
<S>                                                     <C>                     <C>
NET SALES                                               $   1,897               $   1,164

COST OF GOODS SOLD                                          1,183                     756
                                                        ---------               ---------

GROSS PROFIT                                                  714                     408

OPERATING EXPENSES
     Selling                                                  401                     200
     General and administrative                               680                     218
     Research and development                                 145                      48
                                                        ---------               ---------
                                                            1,226                     466
                                                        ---------               ---------

LOSS FROM OPERATIONS                                         (512)                    (58)
                                                        ---------               ---------

OTHER INCOME (EXPENSE)
     Interest income                                           37                       1
     Other income (expense)                                    (8)                    (75)
                                                        ---------               ---------

                                                               29                     (74)
                                                        ---------               ---------

NET LOSS                                                $    (483)              $    (132)
                                                        =========               =========

NET LOSS PER COMMON SHARE, BASIC AND DILUTED

                                                        $   (0.09)              $   (0.05)
                                                        =========               =========

WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING           5,149,721               2,833,180
                                                        =========               =========
<FN>
The accompanying notes are an integral part of the financial statements.
</FN>
</TABLE>
                                             3

<PAGE>

<TABLE>
ZAPWORLD.COM
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(In thousands)
<CAPTION>

                                                                                    Three months ended March 31,
                                                                                       2000             1999
------------------------------------------------------------------------------------------------------------------
<S>                                                                                      <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                                                              ($483)              ($132)
   Adjustments to reconcile net loss to net cash used by
   operating activities:
     Depreciation and amortization                                                          99                  24
     Allowance for doubtful accounts                                                        18                   -
   Amortization of the fair market value of warrants                                        13                 108
   Changes in:
     Receivables                                                                          (141)                (84)
     Inventories                                                                           333                 (20)
     Deposits                                                                              (11)               (116)
     Advances to retail stores & technology companies                                      291                   -
     Prepaid expenses and other assets                                                     (51)                  -
     Accounts payable                                                                     (284)                113
     Accrued liabilities and customer deposits                                            (191)                (27)
                                                                                    -----------    ---------------
                            Net cash used by operating activities                         (407)               (134)
                                                                                    -----------    ---------------

CASH FLOWS FROM INVESTING ACTIVITES
   Purchase of equipment                                                                  (153)                (42)
   Purchase of Patents                                                                    (162)                  -
   Payment advance for acquisitions                                                          -                 (15)
                                                                                    -----------    ---------------
                            Net cash provided by (used for) investing activities          (315)                (57)
                                                                                    -----------    ---------------
CASH FLOWS FROM FINANCING ACTIVITIES
   Proceeds from loans payable                                                               -                  19
   Sale of common stock, net of stock offering costs                                       204               1,955
   Principal repayments on long-term debt                                                   (4)               (290)
   Payments on obligations under capital leases                                             (2)                 (4)
                                                                                    -----------    ---------------
                            Net cash provided by financing activities                      198               1,680
                                                                                    -----------    ---------------

NET INCREASE/(DECREASE) IN CASH                                                           (524)              1,489


CASH, beginning of period                                                                3,184                 475
                                                                                    -----------    ---------------

                                                                                    -----------    ---------------
CASH, end of period                                                                     $2,660              $1,964
                                                                                    ===========    ===============
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
  Cash paid during the quarter for interest                                                 $2                  $1

<FN>
The accompanying notes are an integral part of the financial statements.
</FN>
------------------------------------------------------------------------------------------------------------------
</TABLE>
ZAPWORLD.COM
                                                         4

<PAGE>

NOTES TO THE INTERIM UNAUDITED FINANCIAL STATEMENTS

(1)   Basis of Presentation

The financial  statements included in this Form 10-QSB have been prepared by the
Company,  without audit, pursuant to the rules and regulations of the Securities
and Exchange  Commission.  Certain information and footnote disclosures normally
included in financial  statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted, pursuant to such rules and
regulations,  although  management believes the disclosures are adequate to make
the  information  presented not  misleading.  The results of operations  for any
interim period are not necessarily  indicative of results for a full year. These
statements  should be read in  conjunction  with the  financial  statements  and
related  notes  included in the  Company's  Annual Report on Form 10-KSB for the
year ended December 31, 1999.

The financial  statements presented herein, for the three months ended March 31,
2000 and 1999 reflect,  in the opinion of management,  all material  adjustments
consisting  only  of  normal   recurring   adjustments   necessary  for  a  fair
presentation of the financial position,  results of operations and cash flow for
the interim periods.

The net loss per common share is based on the weighted  average number of common
shares  outstanding in each period.  Common stock  equivalents  associated  with
stock options have been excluded from the weighted  average  shares  outstanding
since the effect of these securities would be anti-dilutive.

(2)  -  PRINCIPALS  OF  CONSOLIDATION--The  accounts  of  the  Company  and  its
consolidated  subsidiaries are included in the consolidated financial statements
after elimination of significant inter-company accounts and transactions.

(3)  -  COMMON STOCK

ZAPWORLD.COM's  Common Stock is traded on the OTC Bulletin Board under the stock
symbol "ZAPP". In the first quarter of 2000, the Company 1) realized $195,000 in
proceeds  from the exercise of stock options and issued  94,000  shares,  and 2)
realized $7,351 on the sale of stock to employees  through a stock purchase plan
and issued 1,036 shares.

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

Special Note Regarding Forward-Looking Statements

Certain  statements in this Form 10-QSB,  including  information set forth under
this Item 2  "Management's  Discussion  and Analysis of Financial  Condition and
Results  of  Operations"  constitute  "forward-looking  statements"  within  the
meaning of the Private  Securities  Litigation  Reform Act of 1995 (the  "ACT").
ZAPWORLD.COM  (the  "Company" or ZAP)  desires to avail itself of certain  "safe
harbor"  provisions of the Act and is therefore  including  this special note to
enable the Company to do so.  Forward-looking  statements  included in this Form
10-QSB or hereafter  included in other publicly  available  documents filed with
the Securities and Exchange  Commission,  reports to the Company's  stockholders
and other  publicly  available  statements  issued or  released  by the  Company
involve known and unknown  risks,  uncertainties,  and other factors which could
cause the  Company's  actual  results,  performance  (financial or operating) or
achievements  to differ  from the  future  results,  performance  (financial  or
operating)  or  achievements  expressed  or  implied  by  such  forward  looking
statements. Such future results are based upon management's best estimates based
upon current conditions and the most recent results of operations.

Overview

The Company designs, assembles,  manufactures,  and distributes electric bicycle
power kits,  electric  bicycles  and  tricycles,  and other  low-power  electric
transportation vehicles.


                                                         5

<PAGE>

The Company  manufactures  several electric motor kits that have up to 62 unique
parts.  The  electric  motor kit  manufacturing  and  installation  of the motor
systems to the bicycles is done at its Sebastopol location.  The electric motors
are  purchased  from an original  equipment  manufacturer  (OEM) in the auto and
air-conditioning  industry.  The  Company is using one  company  for its motors,
although there are other companies that could be used with slight  modifications
to the motor support brackets.  The batteries are standard batteries used in the
computer  industry  for power  interrupt  systems.  The  electronic  system uses
standard electronic components.  The Company has a contractual relationship with
Smith & Wesson who  provides  the Company  with Law  Enforcement  Bicycles.  The
Company  has  agreed  to  purchase  at least 250  bikes  from  Smith & Wesson in
exchange for specific exclusive distribution and pricing rights. The Company has
no other contractual agreements with any of its other vendors.

The  Company as of March 31,  2000 had a $751,900  sales  backlog.  The  company
expects to fill these orders within the next 45 days.

The  Company's  growth  strategy  is to  increase  net sales by  augmenting  its
marketing  and  sales  force,   increasing  distribution  channels  through  the
internet, retail organizations, and wholesale distributors both domestically and
overseas.  The Company will  continue to increase its  production  capability to
meet the increasing demand for its product. The Company will continue to develop
products so that it is the low cost leader in the industry. Product improvements
will continue to enlarge ZAP's presence in the electric vehicle industry.

The Company acquired Electric Vehicles Systems, Inc. (EVS) in February 2000. EVS
provides the Company with access to patented  technology  for the  Powerski(tm).
The Powerskitm is a recreational  transportation  product that the Company began
marketing in the second quarter of 2000. The Company acquired ZAP of Santa Cruz,
a bicycle  retailer in March 2000.  ZAP of Santa Cruz will provide an additional
sales channel for ZAP products.

On March 21, 2000 the Company  announced its plan to distribute  the E-Kart,  an
electric  go-kart.  The Company began marketing the E-Kart in the second quarter
of 2000.

On April  17 ZAP  announced  that it  terminated  its  agreement  to merge  with
neighborhood  electric vehicle  manufacturer Global Electric MoterCars,  LLC and
rental company EV Rentals, LLC both of Fargo, ND.

Results of Operations

The  following  table sets forth,  as a percentage  of net sales,  certain items
included in the Company's Income Statements (see Financial Statements and Notes)
for the periods indicated:

                                                    Three months ended March 31,
                                                        2000          1999
                                                     ----------     ----------

Statements of Income Data:

    Net sales...................................      100.0%          100.0%
    Cost of sales...............................       62.4            65.0
    Gross profit ...............................       37.6            35.0
    Operating  expenses.........................       64.6            40.0
    Loss from operations........................      (27.0)           (5.0)
    Other  income (expense).....................        1.5            (6.3)
    Loss before income taxes....................      (25.5)          (11.3)
    Provision for income taxes..................        0.0             0.0
    Net loss....................................      (25.5)          (11.3)


Quarter Ended March 31, 2000 Compared to Quarter Ended March 31, 1999


                                        6

<PAGE>

Net sales for the quarter  ended March 31,  2000,  were  $1,897,000  compared to
$1,164,000  in the prior year,  an increase of $733,000 or 63%.  The increase in
sales in 2000 over the same period in 1999 was primarily due to increased  sales
of ZAP products to overseas markets.

Gross profit  increased as a percentage  of net sales to 38% in 2000 from 35% in
1999.  The total gross profit  increased  $306,000 or 75%. The increase in gross
profit  dollars can be attributed to gross profits  generated  from the sales of
the ZAP(tm) products to overseas markets.

Selling  expenses in the quarter  ended March 31, 2000 were $401,000 as compared
to  $200,000  for the  quarter  ended  March 31,  1999.  This was an increase of
$201,000 or 100% from 1999 to 2000. As a percentage of sales,  selling  expenses
increased from 17% to 21% of sales in the first quarter of 2000. The increase in
selling  expenses  can be  attributed  to the  hiring  of  personnel  to  handle
additional sales volume.  Also, the Company's  increased  spending to market and
promote ZAP products in the first quarter of 2000.

General and  administrative  expenses for the quarter  ended March 31, 2000 were
$680,000 as compared to $218,000 for the quarter  ended March 31, 1999.  This is
an  increase  of  $462,000  or 212%.  As a  percentage  of  sales,  general  and
administrative  expense  increased to 36% from 19% of net sales from 1999.  This
increase can be partially  attributed to the hiring of  management  personnel to
oversee the expanding  business,  including the subsidiary store operations.  In
the first  quarter  of 2000 the  Company  incurred  legal and  consulting  costs
associated with the restructuring of the Company and acquisition activity. Also,
beginning in 2000 the Company began amortizing patents, trademarks, and goodwill
costs  associated with the acquisitions of electrical  vehicle  companies in the
last quarter of 1999.

Research and development increased $97,000 or 202% in the 1st quarter of 2000 as
compared to the 1st quarter of 1999.  As a percentage  of net sales it increased
to 8% of sales in the 1st  quarter of 2000 as compared to 4% of sales in the 1st
quarter of 1999.  Expense  increases in the first quarter of 2000 as compared to
the first quarter of 1999 were the result of increased personnel hired to assist
in the development of new products.

Interest income increased $36,000 from the first quarter of 2000 compared to the
first quarter of 1999. The increase is attributed  primarily to interest  income
derived from proceeds from financing.

Other income  (expense)  decreased  from $75,000 to $8,000 in the 1st quarter of
2000, a decrease of $67,000 over the 1st quarter of 1999.  This  decrease can be
attributed to the completion of the  amortization  of the fair value of warrants
issued to an investment  banker for securing equity financing for the company in
1999.

Liquidity and Capital Resources

In the  first  quarter  of 2000  net  cash  used by the  Company  for  operating
activities  was $407,000.  In the first  quarter of 1999,  the Company used cash
from  operations  of $134,000.  Cash  provided in the first  quarter of 2000 was
comprised  of the net loss  incurred  for the quarter of $483,000  offset by net
non-cash  expenses  of  $130,000  and the net  change in  operating  assets  and
liabilities  resulting in a use of cash of $54,000.  Cash used in  operations in
the first quarter of 1999 was comprised of the net loss incurred for the quarter
of $132,000,  offset by net non-cash expenses of $132,000, and the net change in
operating assets and liabilities resulting in a further use of cash of $134,000.

Investing activities used cash of $315,000 in the first quarter of 2000 and used
$57,000 during the first quarter ended March 31, 1999. The uses of cash were for
the purchase of fixed assets and patents.

Financing  activities  provided cash of $198,000 and $1,680,000 during the first
quarters  ended March 31, 2000 and 1999  respectively.  In both years,  the cash
provided  by  financing  activities  resulted  from the sales of  common  stock,
$204,000 and  $1,955,000  for the first  quarters  ended March 31, 2000 and 1999
respectively, partially offset by principal payments on outstanding debt.

At March 31, 2000 the Company had cash of  $2,660,000  as compared to $1,964,000
at March 31,  1999.  At March 31,  2000,  the  Company  had  working  capital of
$4,212,000,  as compared to working capital of $2,253,000 at March 31, 1999. The
increases in both cash and working capital in the first quarter of 2000 over the
first  quarter  of 1999 are  primarily  due to the  proceeds  received  from the
Company's  private  placement  offering which more than offset


                                       7

<PAGE>

the Company's net losses during the same period. The Company,  at present,  does
not have a credit facility in place with a bank or other financial  institution.
The Company  believes that the cash on hand at March 31, 2000 will be sufficient
to allow the  Company to  continue  its  expected  level of  operations  for the
remainder of the year.

The  Company's  primary  capital  needs are to fund its growth  strategy,  which
includes increasing its internet shopping mall presence, increasing distribution
channels,  establish  company owned and franchised ZAP stores,  introducing  new
products,  improving  existing product lines and development of strong corporate
infrastructure.

Seasonality and Quarterly Results

The Company's business is subject to seasonal  influences.  Sales volumes in the
bicycle  industry  typically  slow down  during the winter  months,  November to
March.  The Company is  marketing  worldwide  and is not  impacted  100% by U.S.
seasonality.

Inflation

The Company's raw materials are sourced from stable cost competitive industries.
As such, the Company does not foresee any material  inflationary  trends for its
raw material sources.

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

      There were no legal proceedings.

Item 2.  Changes in Securities

      There were no changes in rights of securities holders.

Item 3.  Defaults Upon Senior Securities

      There were no defaults upon senior securities.

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

      There were no matters submitted to the vote of security holders.

Item 5.  Other Information

     There were no major contracts signed during the period.

Item 6.  Exhibits and Reports on Form 8-K

       No reports on Form 8-K were filed during the quarter.


                                       8
<PAGE>



                                   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.

         ZAPWORLD.COM
---------------------------------
         (Registrant)

         Date
              ----------------       ----------------------------------------
                                       Gary Starr - President and Director



                                       9