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|   | Nevada                                                         |   | 36-2972588                           |   |
|--------|----------------------------------------------------------------|--------|--------------------------------------|--------|
|   | (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |   |

|   | 704 Executive Boulevard, Suite A         |   |       |   |
|--------|------------------------------------------|--------|------------|--------|
|   | Valley Cottage, New York                 |   | 10989      |   |
|   | (Address of principal executive offices) |   | (Zip Code) |   |

|   | Large accelerated filer o | Accelerated filer          |   o |
|--------|---------------------------|---------------------------------|----------|
|   | Non-accelerated filer o   | Smaller reporting company  |   x |

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INDEX

INDEX

|                                                                                                | Page   |
|-----------------------------------------------------------------------------------------------------|--------|
|                                                                                                |   |
| PART I. FINANCIAL INFORMATION                                                                       |   |
|                                                                                                |   |
| Item 1. Financial Statements                                                                        |   |
|                                                                                                |   |
| Balance Sheets – March 31, 2010 (Unaudited) and December 31, 2009                             | 2      |
|                                                                                                |   |
| Statements of Income for the Three Months Ended March 31, 2010 and 2009 (Unaudited)                 | 3      |
|                                                                                                |   |
| Statements of Cash Flows for the Three Months Ended March 31, 2010 and 2009 (Unaudited)             | 4      |
|                                                                                                |   |
| Condensed Notes to Financial Statements                                                             | 5      |
|                                                                                                |   |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 8      |
|                                                                                                |   |
| Item 4T. Controls and Procedures                                                                    | 12     |
|                                                                                                |   |
| PART II. OTHER INFORMATION                                                                          |   |
|                                                                                                |   |
| Item 6. Exhibits                                                                                    | 12     |
|                                                                                                |   |
| SIGNATURES                                                                                          | 13     |

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INDEX

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

BALANCE SHEETS

|                                                                                                                            |   |          |        |   |         |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------|-------------|--------|--------------|--------|
|                                                                                                                            |   | March 31,2010 |        |   | Dec. 31,2009 |   |
|                                                                                                                            |   | (Unaudited)   |        |   | (Note 1)     |   |
|                                                                                                                            |   |          |        |   |         |   |
| ASSETS                                                                                                                          |   |          |        |   |         |   |
| Current assets:                                                                                                                 |   |          |        |   |         |   |
| Cash and cash equivalents                                                                                                       |   | $             | 5,108,948   |   |         | $      | 4,679,466 |   |
| Accounts receivable, net of allowance                                                                                           |   |          | 1,454,191   |   |         |   | 1,370,523 |   |
| Other current assets                                                                                                            |   |          | 220,111     |   |         |   | 253,857 |   |
|                                                                                                                            |   |          |        |   |         |   |   |   |
| Total current assets                                                                                                            |   |          | 6,783,250   |   |         |   | 6,303,846 |   |
|                                                                                                                            |   |          |        |   |         |   |   |   |
| Property and equipment, net                                                                                                     |   |          | 261,935     |   |         |   | 261,591 |   |
| Goodwill                                                                                                                        |   |          | 1,954,460   |   |         |   | 1,954,460 |   |
| Deferred taxes on income                                                                                                        |   |          | 788,381     |   |         |   | 913,503 |   |
| Prepaid and other assets                                                                                                        |   |          | 47,086      |   |         |   | 23,116 |   |
|                                                                                                                            |   |          |        |   |         |   |   |   |
| Total assets                                                                                                                    |   | $             | 9,835,112   |   |         | $      | 9,456,516 |   |
|                                                                                                                            |   |          |        |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                      |   |          |        |   |         |   |   |   |
| Current liabilities:                                                                                                            |   |          |        |   |         |   |   |   |
| Deferred revenue                                                                                                                |   | $             | 5,705,359   |   |         | $      | 5,321,116 |   |
| Accounts payable                                                                                                                |   |          | 46,850      |   |         |   | 42,614 |   |
| Accrued expenses                                                                                                                |   |          | 442,589     |   |         |   | 698,832 |   |
|                                                                                                                            |   |          |        |   |         |   |   |   |
| Total current liabilities                                                                                                       |   |          | 6,194,798   |   |         |   | 6,062,562 |   |
|                                                                                                                            |   |          |        |   |         |   |   |   |
| Stockholders’ equity:                                                                                                     |   |          |        |   |         |   |   |   |
| Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued                                                       |   |          | —     |   |         |   | — |   |
| Common stock, $.01 par value; authorized 25,000,000 shares; issued and outstanding 7,899,462 and 7,849,462 shares, respectively |   |          | 78,994      |   |         |   | 78,494 |   |
| Additional paid-in capital                                                                                                      |   |          | 28,395,478  |   |         |   | 28,333,094 |   |
| Accumulated deficit                                                                                                             |   |          | (24,834,158 | )      |         |   | (25,017,634 | ) |
|                                                                                                                            |   |          |        |   |         |   |   |   |
| Total stockholders’ equity                                                                                                |   |          | 3,640,314   |   |         |   | 3,393,954 |   |
|                                                                                                                            |   |          |        |   |         |   |   |   |
| Total liabilities and stockholders’ equity                                                                                |   | $             | 9,835,112   |   |         | $      | 9,456,516 |   |

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INDEX

STATEMENTS OF INCOME

|                                                  |   |   |      |   |   |   |
|-------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
|                                                  |   | 2010   |      |   | 2009   |   |
|                                                  |   |   |      |   |   |   |
| Operating revenues                                    |   | $      | 2,211,702 |   |   | $      | 1,743,125 |   |
|                                                  |   |   |      |   |   |   |   |   |
| Operating expenses:                                   |   |   |      |   |   |   |   |   |
| Data and product costs                                |   |   | 597,767   |   |   |   | 500,442 |   |
| Selling, general and administrative expenses          |   |   | 1,274,148 |   |   |   | 1,234,890 |   |
| Depreciation and amortization                         |   |   | 27,707    |   |   |   | 23,654 |   |
|                                                  |   |   |      |   |   |   |   |   |
| Total operating expenses                              |   |   | 1,899,622 |   |   |   | 1,758,986 |   |
|                                                  |   |   |      |   |   |   |   |   |
| Income (loss) from operations                         |   |   | 312,080   |   |   |   | (15,861 | ) |
| Other income, net                                     |   |   | 727       |   |   |   | 22,548 |   |
|                                                  |   |   |      |   |   |   |   |   |
| Income before income taxes                            |   |   | 312,807   |   |   |   | 6,687 |   |
| Provision for income taxes                            |   |   | 129,331   |   |   |   | 1,463 |   |
|                                                  |   |   |      |   |   |   |   |   |
| Net income                                            |   | $      | 183,476   |   |   | $      | 5,224 |   |
|                                                  |   |   |      |   |   |   |   |   |
| Net income per share of common stock:                 |   |   |      |   |   |   |   |   |
|                                                  |   |   |      |   |   |   |   |   |
| Basic                                                 |   | $      | 0.02      |   |   | $      | 0.00 |   |
| Diluted                                               |   | $      | 0.02      |   |   | $      | 0.00 |   |
|                                                  |   |   |      |   |   |   |   |   |
| Weighted average number of common shares outstanding: |   |   |      |   |   |   |   |   |
|                                                  |   |   |      |   |   |   |   |   |
| Basic                                                 |   |   | 7,889,785 |   |   |   | 7,849,462 |   |
| Diluted                                               |   |   | 8,298,814 |   |   |   | 7,923,630 |   |

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INDEX

STATEMENTS OF CASH FLOWS

|                                                                              |   |   |      |   |   |    |
|-----------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|---------|
|                                                                              |   | 2010   |      |   | 2009   |    |
|                                                                              |   |   |      |   |   |    |
| Cash flows from operating activities:                                             |   |   |      |   |   |    |
| Net income                                                                        |   | $      | 183,476   |   |   | $       | 5,224 |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |   |      |   |   |    |   |   |
| Depreciation and amortization                                                     |   |   | 27,707    |   |   |    | 23,654 |   |
| Deferred rent                                                                     |   |   | —   |   |   |    | (1,468 | ) |
| Stock-based compensation                                                          |   |   | 12,884    |   |   |    | 13,474 |   |
| Deferred income taxes                                                             |   |   | 125,122   |   |   |    | — |   |
| Unrealized loss on marketable securities                                          |   |   | —   |   |   |    | 6,072 |   |
| Changes in operating assets and liabilities:                                      |   |   |      |   |   |    |   |   |
| Accounts receivable                                                               |   |   | (83,668   | )      |   |    | 24,950 |   |
| Other current assets                                                              |   |   | 33,746    |   |   |    | 17,612 |   |
| Prepaid and other assets                                                          |   |   | (23,970   | )      |   |    | (16,059 | ) |
| Deferred revenue                                                                  |   |   | 384,243   |   |   |    | 495,136 |   |
| Accounts payable                                                                  |   |   | 4,236     |   |   |    | (14,245 | ) |
| Accrued expenses                                                                  |   |   | (256,243  | )      |   |    | (136,289 | ) |
|                                                                              |   |   |      |   |   |    |   |   |
| Net cash provided by operating activities                                         |   |   | 407,533   |   |   |    | 418,061 |   |
|                                                                              |   |   |      |   |   |    |   |   |
| Cash flows from investing activities:                                             |   |   |      |   |   |    |   |   |
| Purchase of marketable securities                                                 |   |   | —   |   |   |    | (427,186 | ) |
| Purchase of property and equipment                                                |   |   | (28,051   | )      |   |    | (7,196 | ) |
|                                                                              |   |   |      |   |   |    |   |   |
| Net cash used in investing activities                                             |   |   | (28,051   | )      |   |    | (434,382 | ) |
|                                                                              |   |   |      |   |   |    |   |   |
| Cash flows from financing activities:                                             |   |   |      |   |   |    |   |   |
| Proceeds from exercise of stock options                                           |   |   | 50,000    |   |   | — |   |
|                                                                              |   |   |      |   |   |    |   |   |
| Net cash provided by financing activities                                         |   |   | 50,000    |   |   |    | — |   |
|                                                                              |   |   |      |   |   |    |   |   |
| Net increase (decrease) in cash and cash equivalents                              |   |   | 429,482   |   |   |    | (16,321 | ) |
| Cash and cash equivalents at beginning of period                                  |   |   | 4,679,466 |   |   |    | 912,591 |   |
|                                                                              |   |   |      |   |   |    |   |   |
| Cash and cash equivalents at end of period                                        |   | $      | 5,108,948 |   |   | $       | 896,270 |   |

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INDEX

CONDENSED NOTES

----

INDEX

|                                         |   | 3 Months Ended |   |
|----------------------------------------------|--------|----------------|--------|
|                                         |   | March 31,      |   |
|                                         |   | 2010           |   |   | 2009 |   |
|                                         |   |           |   |   |   |   |
| Data and product costs                       |   | $              | 1,537  |   |   | $ | 1,952 |   |
| Selling, general and administrative expenses |   |           | 11,347 |   |   |   | 11,522 |   |
|                                         |   |           |   |   |   |   |   |   |
|                                         |   | $              | 12,884 |   |   | $ | 13,474 |   |

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INDEX

|                      |   |    |      |   |    |   |    |    |   |   | Total fair |   |
|---------------------------|--------|---------|-----------|--------|---------|--------|---------|---------|--------|--------|------------|--------|
|                      |   | Level 1 |      |   | Level 2 |   |    | Level 3 |   |   | value      |   |
|                      |   |    |      |   |    |   |    |    |   |   |       |   |
| Cash and cash equivalents |   | $       | 5,108,948 |   |    | $      | — |    |   | $      | —    |   |   | $ | 5,108,948 |   |
|                      |   |    |      |   |    |   |    |    |   |   |       |   |   |   |   |   |
| Total                     |   | $       | 5,108,948 |   |    | $      | — |    |   | $      | —    |   |   | $ | 5,108,948 |   |

|                                                                |   |           |      |
|---------------------------------------------------------------------|--------|----------------|-----------|
|                                                                |   | 3 Months Ended |      |
|                                                                |   | March 31,      |      |
|                                                                |   | 2010           |      |   | 2009 |   |
|                                                                |   |           |      |   |   |   |
| Weighted average shares outstanding – basic                   |   |           | 7,889,785 |   |   |   | 7,849,462 |   |
| Potential shares exercisable under stock option plans          |   |           | 582,500   |   |   |   | 438,500 |   |
| LESS: Shares which could be repurchased under treasury stock method |   |           | (173,471  | ) |   |   | (364,332 | ) |
| Weighted average shares outstanding – diluted                 |   |           | 8,298,814 |   |   |   | 7,923,630 |   |

----

INDEX

Item 2. Management’s

|                      |   |      |   |   |         |   |
|---------------------------|--------|-----------|--------|--------|--------------|--------|
|                      |   | March 31, |   |   | December 31, |   |
|                      |   | 2010      |   |   | 2009         |   |
| Cash and cash equivalents |   | $         | 5,109  |   |         | $      | 4,679 |   |
| Accounts receivable, net  |   | $         | 1,454  |   |         | $      | 1,371 |   |
| Working capital           |   | $         | 588    |   |         | $      | 241 |   |
| Cash ratio                |   |      | 0.82   |   |         |   | 0.77 |   |
| Quick ratio               |   |      | 1.06   |   |         |   | 1.00 |   |
| Current ratio             |   |      | 1.09   |   |         |   | 1.04 |   |

----

INDEX

|                                         |   |                     |      |   |       |   |   |   |   |   |       |   |
|----------------------------------------------|--------|--------------------------|-----------|--------|------------|--------|--------|--------|--------|--------|------------|--------|
|                                         |   | 3 Months Ended March 31, |      |
|                                         |   | 2010                     |      |   | 2009       |   |
|                                         |   |                     |      |   | % of Total |   |   |   |   |   | % of Total |   |
|                                         |   |                     |      |   | Operating  |   |   |   |   |   | Operating  |   |
|                                         |   | Amount                   |      |   | Revenues   |   |   | Amount |   |   | Revenues   |   |
|                                         |   |                     |      |   |       |   |   |   |   |   |       |   |
| Operating revenues                           |   | $                        | 2,211,702 |   |       |   | 100.00 | %      |   | $      | 1,743,125  |   |   |   | 100.00 | % |
|                                         |   |                     |      |   |       |   |   |   |   |   |       |   |   |   |   |   |
| Operating expenses:                          |   |                     |      |   |       |   |   |   |   |   |       |   |   |   |   |   |
| Data and product costs                       |   |                     | 597,767   |   |       |   | 27.03  | %      |   |   | 500,442    |   |   |   | 28.71 | % |
| Selling, general and administrative expenses |   |                     | 1,274,148 |   |       |   | 57.61  | %      |   |   | 1,234,890  |   |   |   | 70.84 | % |
| Depreciation and amortization                |   |                     | 27,707    |   |       |   | 1.25   | %      |   |   | 23,654     |   |   |   | 1.36 | % |
| Total operating expenses                     |   |                     | 1,899,622 |   |       |   | 85.89  | %      |   |   | 1,758,986  |   |   |   | 100.91 | % |
|                                         |   |                     |      |   |       |   |   |   |   |   |       |   |   |   |   |   |
| Income (loss) from operations                |   |                     | 312,080   |   |       |   | 14.11  | %      |   |   | (15,861    | )      |   |   | (0.91 | %) |
| Other income, net                            |   |                     | 727       |   |       |   | 0.03   | %      |   |   | 22,548     |   |   |   | 1.29 | % |
|                                         |   |                     |      |   |       |   |   |   |   |   |       |   |   |   |   |   |
| Income before income taxes                   |   |                     | 312,807   |   |       |   | 14.14  | %      |   |   | 6,687      |   |   |   | 0.38 | % |
| Provision for income taxes                   |   |                     | 129,331   |   |       |   | 5.85   | %      |   |   | 1,463      |   |   |   | 0.08 | % |
|                                         |   |                     |      |   |       |   |   |   |   |   |       |   |   |   |   |   |
| Net income                                   |   | $                        | 183,476   |   |       |   | 8.29   | %      |   | $      | 5,224      |   |   |   | 0.30 | % |

----

INDEX

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INDEX

----

INDEX

Item 4T. Controls

PART II. OTHER

Item 6. Exhibits

|   |   |                                                                                                                                               |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|
|   | 31.1   | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                |
|   |   |                                                                                                                                               |
|   | 31.2   | Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                |
|   |   |                                                                                                                                               |
|   | 32.1   | Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|   |   |                                                                                                                                               |
|   | 32.2   | Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

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INDEX

SIGNATURES

|                     |                                    |      |                          |
|--------------------------|-----------------------------------------|-----------|-------------------------------|
|                     | CREDITRISKMONITOR.COM, INC.(REGISTRANT) |
|                     |                                    |      |                          |
| Date:  May 14, 2010 |  By:                               |  /s/ | Lawrence Fensterstock         |
|                     |                                    |      | Lawrence Fensterstock         |
|                     |                                    |      | Chief Financial Officer & |
|                     |                                    |      | Principal Accounting Officer  |

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