UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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: March 31, 2003

|_|   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

          For the transition period from _____________ to _____________

                          Commission file number 1-8601

                           CREDITRISKMONITOR.COM, INC.
        (Exact name of small business issuer as specified in its charter)

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

                         110 Jericho Turnpike, Suite 202
                           Floral Park, New York 11001
                    (Address of principal executive offices)

                                 (516) 620-5400
                           (Issuer's telephone number)

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities and Exchange Act of 1934 during the
preceding 12 months (or for such 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 |_|

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                     PROCEEDINGS DURING THE PAST FIVE YEARS

Check whether the registrant filed all documents and reports required to be
filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.

                                 Yes |_| No |_|

                      APPLICABLE ONLY TO CORPORATE ISSUERS

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

                         Common stock $.01 par value --
               5,419,129 shares outstanding as of April 30, 2003.

Transitional Small Business Disclosure Format (check one): Yes |_| No |X|
<PAGE>

                   CREDITRISKMONITOR.COM, INC. AND SUBSIDIARY
                                      INDEX

                                                                            Page
                                                                            ----

PART I. FINANCIAL INFORMATION

     Item 1. Financial Statements

         Consolidated Balance Sheets - March 31, 2003 (Unaudited)
         and December 31, 2002 (Audited) ..................................    2

         Consolidated Statements of Operations for the Three Months
         Ended March 31, 2003 and 2002 (Unaudited) ........................    3

         Consolidated Statements of Cash Flows for the Three Months
         Ended March 31, 2003 and 2002 (Unaudited) ........................    4

         Condensed Notes to Consolidated Financial Statements .............    5

     Item 2. Management's Discussion and Analysis of Financial Condition
         and Results of Operations ........................................    8

     Item 3. Controls and Procedures ......................................   11

PART II. OTHER INFORMATION

     Item 1. Legal Proceedings ............................................   12

     Item 6. Exhibits and Reports on Form 8-K .............................   12

SIGNATURES ................................................................   13

CERTIFICATIONS ............................................................   14


                                      -1-
<PAGE>

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

                   CREDITRISKMONITOR.COM, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                      MARCH 31, 2003 AND DECEMBER 31, 2002

<TABLE>
<CAPTION>
                                                           March 31,           Dec. 31,
                                                              2003               2002
                                                          (Unaudited)         (Audited)
<S>                                                       <C>               <C>
ASSETS
Current assets:
     Cash and cash equivalents                            $    841,833      $    988,427
     Accounts receivable, net of allowance                     402,526           363,773
     Other current assets                                       73,500           131,361
                                                          ------------      ------------

         Total current assets                                1,317,859         1,483,561

Property and equipment, net                                    144,388           161,691
Goodwill, net                                                1,954,460         1,954,460
Prepaid and other assets                                        36,502            21,429
                                                          ------------      ------------

         Total assets                                     $  3,453,209      $  3,621,141
                                                          ============      ============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
     Deferred revenue                                     $  1,936,129      $  1,934,732
     Accounts payable                                          131,174           112,470
     Accrued expenses                                          134,743            93,425
     Current portion of long-term debt                          90,231            81,523
     Current portion of capitalized lease obligations           11,347            10,652
                                                          ------------      ------------

         Total current liabilities                           2,303,624         2,232,802
                                                          ------------      ------------

Long-term debt, net of current portion:
     Promissory note                                           689,394           711,115
     Capitalized lease obligations                              10,360            13,259
                                                          ------------      ------------
                                                               699,754           724,374
Deferred rent payable                                            7,646             8,347
Deferred compensation                                          232,500           226,250
                                                          ------------      ------------

         Total liabilities                                   3,243,524         3,191,773
                                                          ------------      ------------

Stockholders' equity:
     Common stock                                               54,191            54,191
     Additional paid-in capital                             27,201,171        27,201,171
     Accumulated deficit                                   (27,045,677)      (26,825,994)
                                                          ------------      ------------

         Total stockholders' equity                            209,685           429,368
                                                          ------------      ------------

         Total liabilities and stockholders' equity       $  3,453,209      $  3,621,141
                                                          ============      ============
</TABLE>

     See accompanying condensed notes to consolidated financial statements.


                                      -2-
<PAGE>

                   CREDITRISKMONITOR.COM, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
               FOR THE THREE MONTHS ENDED MARCH 31, 2003 AND 2002
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                              2003             2002
                                                          -----------      -----------
<S>                                                       <C>              <C>
Operating revenues                                        $   690,178      $   786,134

Operating expenses:
     Data and product costs                                   331,455          361,907
     Selling, general and administrative expenses             536,202          446,743
     Depreciation and amortization                             23,866           26,464
                                                          -----------      -----------

         Total operating expenses                             891,523          835,114
                                                          -----------      -----------

Loss from operations                                         (201,345)         (48,980)
Other income                                                    3,013            4,572
Interest expense                                              (21,041)         (24,416)
                                                          -----------      -----------

Loss before income taxes                                     (219,373)         (68,824)
Provision for state and local income taxes                        310            1,220
                                                          -----------      -----------

Net loss                                                  $  (219,683)     $   (70,044)
                                                          ===========      ===========

Net loss per share of common stock:

     Basic and diluted                                    $     (0.04)     $     (0.01)
                                                          ===========      ===========

Weighted average number of common shares outstanding:

     Basic and diluted                                      5,419,129        5,344,129
                                                          ===========      ===========
</TABLE>

     See accompanying condensed notes to consolidated financial statements.


                                      -3-
<PAGE>

                   CREDITRISKMONITOR.COM, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
               FOR THE THREE MONTHS ENDED MARCH 31, 2003 AND 2002
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                          2003             2002
                                                        ---------      -----------
<S>                                                     <C>            <C>
Cash flows from operating activities:
     Net loss                                           $(219,683)     $   (70,044)
     Adjustments to reconcile net loss to net
         cash provided by operating activities:
              Depreciation                                 23,866           26,464
              Deferred compensation                         6,250            6,250
              Deferred rent                                  (701)              21
     Changes in operating assets and liabilities:
         Accounts receivable                              (38,753)         134,513
         Other current assets                              57,861           29,408
         Prepaid and other assets                         (15,073)          (6,002)
         Deferred revenue                                   1,397           19,515
         Accounts payable                                  18,704           36,528
         Accrued expenses                                  41,318           14,846
                                                        ---------      -----------

Net cash (used in) provided by operating activities      (124,814)         191,499
                                                        ---------      -----------

Cash flows from investing activities:
     Purchase of fixed assets                              (6,563)         (15,457)
                                                        ---------      -----------

Net cash used in investing activities                      (6,563)         (15,457)
                                                        ---------      -----------

Cash flows from financing activities:
     Payments on promissory notes                         (13,013)         (43,399)
     Payments on capital lease obligation                  (2,204)          (1,407)
                                                        ---------      -----------

Net cash used in financing activities                     (15,217)         (44,806)
                                                        ---------      -----------

Net (decrease) increase in cash and cash equivalents     (146,594)         131,236
Cash and cash equivalents at beginning of
     period                                               988,427        1,320,696
                                                        ---------      -----------

Cash and cash equivalents at end of period              $ 841,833      $ 1,451,932
                                                        =========      ===========
</TABLE>

     See accompanying condensed notes to consolidated financial statements.


                                      -4-
<PAGE>

                   CREDITRISKMONITOR.COM, INC. AND SUBSIDIARY
              CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

(1) Basis of Presentation

The consolidated financial statements included herein have been prepared by
CreditRiskMonitor.com, Inc. (the "Company" or "CRM"), without audit, pursuant to
the rules and regulations of the Securities and Exchange Commission. Certain
information and footnote disclosures normally included in consolidated financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted pursuant to such rules and regulations, although
the Company believes that the disclosures herein are adequate to make the
information presented not misleading. These financial statements should be read
in conjunction with the financial statements and the notes thereto in the
Company's annual report on Form 10-KSB for the year ended December 31, 2002.

In the opinion of the Company, the unaudited consolidated financial statements
reflect all adjustments (consisting of normal recurring accruals) considered
necessary to present fairly the Company's financial position as of March 31,
2003 and the results of its operations and its cash flows for the three-month
periods ended March 31, 2003 and 2002.

Results of operations for the three-month periods ended March 31, 2003 and 2002
are not necessarily indicative of the results of a full year.

Certain prior year amounts have been reclassified to conform with the fiscal
2003 presentation.

The Company incorporated a new subsidiary during 2002, which has been inactive
to date.

(2) Stock-Based Compensation

The Company accounts for its stock-based employee compensation plan in
accordance with the provisions of APB No. 25, Accounting for Stock Issued to
Employees and related Interpretations. No stock-based employee compensation cost
is reflected in net loss, as all options granted under this plan had an exercise
price equal to or greater than the market value of the underlying common stock
on the date of grant.

The following table illustrates the effect on net loss and net loss per share
had the Company applied the fair value recognition provisions of Statement of
Financial Accounting Standards ("SFAS") No. 123, Accounting for Stock-Based
Compensation, to its stock-based employee compensation plan for the three months
ended March 31:


                                      -5-
<PAGE>

                                                          2003          2002
                                                       ---------      --------

Net loss
     As reported                                       $(219,683)     $(70,044)
     Less: Total stock-based employee compensation
         expense determined under fair value based
         method for all awards, net of related
         tax benefits or effects                           3,618           501
                                                       ---------      --------

     Pro forma                                         $(216,065)     $(69,543)
                                                       =========      ========
Net loss per share - basic and diluted
     As reported                                       $   (0.04)     $  (0.01)
     Pro forma                                         $   (0.04)     $  (0.01)

(3) Recently Issued Accounting Standards

In January 2003, the Financial Accounting Standards Board ("FASB") issued FASB
Interpretation ("FIN") No. 46, Consolidation of Variable Interest Entities. FIN
No. 46 clarifies the application of Accounting Research Bulletin No. 51,
Consolidated Financial Statements, and applies immediately to any variable
interest entities created after January 31, 2003 and to variable interest
entities in which an interest is obtained after that date. The Company holds no
interest in variable interest entities.

In December 2002, the FASB issued SFAS No. 148, Accounting for Stock-Based
Compensation-Transition and Disclosure. SFAS No. 148 amends SFAS No. 123,
Accounting for Stock-Based Compensation, to provide alternative methods of
transition for a voluntary change to the fair value based method of accounting
for stock-based employee compensation. In addition, SFAS No. 148 amends the
disclosure requirements of SFAS No. 123 to require prominent disclosures in both
annual and interim financial statements about the method of accounting for stock
based employee compensation and the effect of the method used on reported
results. The provisions of SFAS No. 148 are effective for financial statements
for fiscal years and interim periods ending after December 15, 2002. SFAS No.
148 does not have a material impact on the Company's consolidated financial
statements, as the adoption of this standard does not require the Company to
change, and the Company does not plan to change, to the fair value based method
of accounting for stock-based compensation.

In November 2002, the FASB issued FIN No. 45, Guarantor's Accounting and
Disclosure Requirements for Guarantees, Including Indirect Guarantees of
Indebtedness of Others. FIN No. 45 requires a guarantor to recognize a liability
at the inception of the guarantee for the fair value of the obligation
undertaken in issuing the guarantee and include more detailed disclosure with
respect to guarantees. The types of contracts the Company enters into that meet
the scope of this interpretation are financial and performance standby letters
of credit on behalf of wholly-owned subsidiaries. FIN No. 45 is effective for
guarantees issued or modified after December 31, 2002. The Company has no
obligations regarding FIN No. 45.

In June 2002, the FASB issued SFAS No. 146, Accounting for Costs Associated with
Exit or Disposal Activities, which addresses financial accounting and reporting
for costs associated with exit or disposal activities. Under this statement such
costs will be recognized when the liability is incurred, rather than at the date
of commitment to an exit plan. SFAS No. 146 is effective for exit or disposal
activities that are initiated after December 31, 2002, with early application
permitted. The adoption of the provisions of


                                      -6-
<PAGE>

this SFAS did not have a material impact on the Company's consolidated financial
statements.

In April 2002, the FASB issued SFAS No. 145, Rescission of FASB Statements No.
4, 44 and 64, Amendment of FASB Statement No. 13, and Technical Corrections.
This statement clarifies guidance related to the reporting of gains and losses
from extinguishment of debt and resolves inconsistencies related to the required
accounting treatment of certain lease modifications. SFAS No. 145 is effective
for fiscal years beginning after May 15, 2002. The adoption of the provisions of
SFAS No. 145 did have a material impact on the Company's consolidated financial
statements.


                                      -7-
<PAGE>

Item 2. Management's Discussion and Analysis of Financial Condition and Results
        of Operations

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

At March 31, 2003, the Company had cash, cash equivalents and other liquid
assets of $842,000 compared to $988,000 at December 31, 2002. The Company's
working capital deficit at March 31, 2003 was approximately $986,000 compared to
a working capital deficit of $749,000 at December 31, 2002. This decrement was
due to a $147,000 decrease in cash and cash equivalents, a $58,000 decrease in
other current assets, a $60,000 increase in accounts payable and accrued
expenses, a $1,000 increase in deferred revenue and a $9,000 increase in the
current portion of long-term obligations, offset by a $39,000 increase in
accounts receivable. The Company has no bank lines of credit or other currently
available credit sources.

For the three months ended March 31, 2003, the Company reported a $147,000
decrease in cash and cash equivalents compared to a $131,000 increase for the
same period in the prior fiscal year. The Company expects to continue to be cash
flow negative, after debt service, during 2003. However, the Company believes
that it has sufficient resources to meet its working capital and capital
expenditure needs, including debt service, for at least the next 12 months.

OFF-BALANCE SHEET ARRANGEMENTS

The Company is not a party to any off-balance sheet arrangements.

RESULTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                       3 Months Ended March 31,
                                                       ------------------------
                                                   2003                       2002
                                                   ----                       ----
                                                      % of Total                 % of Total
                                           Amount       Income        Amount       Income
                                         ---------      ------      ---------      ------
<S>                                      <C>            <C>         <C>            <C>
Operating revenues                       $ 690,178      100.00%     $ 786,134      100.00%

Operating expenses:
   Data and product costs                  331,455       48.02%       361,907       46.04%
   Selling, general & administrative       536,202       77.69%       446,743       56.83%
   Depreciation and amortization            23,866        3.46%        26,464        3.37%
                                         ---------      ------      ---------      ------
     Total operating expenses              891,523      129.17%       835,114      106.23%
                                         ---------      ------      ---------      ------

Loss from operations                      (201,345)     -29.17%       (48,980)      -6.23%
Other income                                 3,013        0.44%         4,572        0.58%
Interest expense                           (21,041)      -3.05%       (24,416)      -3.11%
                                         ---------      ------      ---------      ------

Loss before income taxes                  (219,373)     -31.78%       (68,824)      -8.75%
Income taxes                                   310        0.04%         1,220        0.16%
                                         ---------      ------      ---------      ------

Net loss                                 $(219,683)     -31.83%     $ (70,044)      -8.91%
                                         =========      ======      =========      ======
</TABLE>

Operating revenues decreased 12% for the three months ended March 31, 2003. This
decrease was primarily due to a decrease in the number of subscribers to the
Company's subscription service for third-party international credit reports.

Data and product costs decreased 8% for the first quarter of 2003 compared to
the same period of fiscal 2002. This decrease was primarily due to the lower
cost of acquiring third-party international credit reports and lower salary and
related employee benefits resulting from a decrease in headcount offset in


                                      -8-
<PAGE>

part by the higher cost for acquiring data for the Company's domestic service
due to additional content.

Selling, general and administrative expenses increased 20% for the first quarter
of fiscal 2003 compared to the same period of fiscal 2002. This increase was
primarily due to higher legal fees incurred in connection with the Company's
legal proceeding as well as higher salary and related employee benefit costs due
to an increase in the Company's sales force during the past 12 months.

Depreciation and amortization decreased 10% for the first quarter of fiscal 2003
compared to the same period of fiscal 2002. This decrease is due to a lower
depreciable asset base as certain items have been fully depreciated but are
still in use.

Other income decreased 34% for first quarter of fiscal 2003 compared to the same
period last year. This decrease was due to the Company having less funds
invested in interest bearing accounts as well as lower interest rates paid on
these investments during the current quarter compared to the same period last
year.

Interest expense decreased 14% for the first quarter of fiscal 2003 compared to
the same period of fiscal 2002. This decrease was due to a lower outstanding
promissory note balance.

The Company incurred a net loss of $220,000 and $70,000 for the three months
ended March 31, 2003 and 2002, respectively.

CRITICAL ACCOUNTING POLICIES, ESTIMATES AND JUDGMENTS

The Company's consolidated financial statements are prepared in accordance with
accounting principles that are generally accepted in the United States. The
preparation of these consolidated financial statements require management to
make estimates and judgments that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the consolidated financial statements and the reported amounts of revenues and
expenses during the reporting period. Management bases its estimates and
judgments on historical experience and other factors that are believed to be
reasonable under the circumstances. Eventual results may differ from these
estimates. Management continually evaluates its estimates and judgments, the
most critical of which are those related to:

      Revenue recognition -- CRM's domestic service is sold on a subscription
      basis pursuant to customer contracts that span varying periods of time,
      but are generally for a period of one year. The Company initially records
      accounts receivable and defers the related revenue when persuasive
      evidence of an arrangement exists, fees are fixed or determinable, and
      collection is reasonably assured. Revenues are recognized ratably over the
      related subscription period. Revenue from the Company's international
      credit report service is recognized as information is delivered and
      products and services are used by its customers.

      Valuation of goodwill -- Goodwill is reviewed for impairment annually, or
      more frequently if events or changes in circumstances warrant. If the
      carrying value of this asset exceeds its estimated fair value, the Company
      will record an impairment loss to write the asset down to its estimated
      fair value.


                                      -9-
<PAGE>

      Income taxes -- The Company provides for deferred income taxes resulting
      from temporary differences between financial statement and income tax
      reporting. Temporary differences are differences between the amounts of
      assets and liabilities reported for financial statement purposes and their
      tax bases. Deferred tax liabilities are recognized for temporary
      differences that will be taxable in future years' tax returns. Deferred
      tax assets are recognized for temporary differences that will be
      deductible in future years' tax returns and for operating loss and tax
      credit carryforwards. Deferred tax assets are reduced by a valuation
      allowance if it is deemed more likely than not that some or all of the
      deferred tax assets will not be realized.

FUTURE OPERATIONS

The Company over time intends to expand its operations by expanding the breadth
and depth of its product and service offerings and the introduction of new or
complementary products. For example, in the second quarter of 2003 the Company
introduced its new international service. Gross margins attributable to new
business areas may be lower than those associated with the Company's existing
business activities.

As a result of the Company's limited operating history and the emerging nature
of the market in which it competes, the Company is unable to accurately forecast
its revenues. The Company's current and future expense levels are based largely
on its investment plans and estimates of future revenues and are to a large
extent fixed. Sales and operating results generally depend on the volume of,
timing of and ability to sign new subscribers, which are difficult to forecast.
The Company may be unable to adjust spending in a timely manner to compensate
for any unexpected revenue shortfall. Accordingly, any significant shortfall in
revenues in relation to the Company's planned expenditures would have an
immediate adverse effect on the Company's business, prospects, financial
condition and results of operations. Further, as a strategic response to changes
in the competitive environment, the Company may from time to time make certain
pricing, purchasing, service, marketing or acquisition decisions that could have
a material adverse effect on its business, prospects, financial condition and
results of operations.

Factors that may adversely affect the Company's operating results include, among
others, (i) the Company's ability to retain existing subscribers, attract new
subscribers at a steady rate and maintain subscriber satisfaction, (ii) the
development, announcement or introduction of new services and products by the
Company and its competitors, (iii) price competition, (iv) the increasing
acceptance of the Internet for the purchase of credit information such as that
offered by the Company, (v) the Company's ability to upgrade and develop its
systems and infrastructure, (vi) the Company's ability to attract new personnel
in a timely and effective manner, (vii) the Company's ability to manage
effectively the broadening of its service to encompass additional companies
monitored and the development of new products, (viii) the Company's ability to
obtain private company data at a reasonable cost, (ix) the Company's ability to
successfully manage the integration of third-party data into its Internet site,
(x) technical difficulties, system downtime or Internet brownouts, (xi) the
amount and timing of operating costs and capital expenditures relating to
expansion of the Company's business, operations and infrastructure, (xii)
general economic conditions and economic conditions specific to the Internet and
the credit information industry, and (xiii) the occurrence of a natural disaster
or


                                      -10-
<PAGE>

other catastrophic event as our operations are susceptible to outages due to
fire, floods, power loss, telecommunications failures, break-ins and similar
events.

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-QSB may contain forward-looking statements,
including statements regarding future prospects, industry trends, competitive
conditions and litigation issues. Any statements contained herein that are not
statements of historical fact may be deemed to be forward-looking statements.
Without limiting the foregoing, the words "believes", "expects", "anticipates",
"plans" or words of similar meaning are intended to identify forward-looking
statements. This notice is intended to take advantage of the "safe harbor"
provided by the Private Securities Litigation Reform Act of 1995 with respect to
such forward-looking statements. These forward-looking statements involve a
number of risks and uncertainties. Among others, factors that could cause actual
results to differ materially from the Company's beliefs or expectations are
those listed under "Results of Operations" and other factors referenced herein
or from time to time as "risk factors" or otherwise in the Company's
Registration Statements or Securities and Exchange Commission reports.

Item 3. Controls and Procedures

Within the 90-day period prior to the date of this report, the Company carried
out an evaluation, under the supervision and with the participation of the
Company's management, including the Company's Chief Executive Officer and Chief
Financial Officer, of the effectiveness of the design and operation of the
Company's disclosure controls and procedures (as defined in Rule 13a-14(c) and
Rule 15d-14(c) under the Securities Exchange Act of 1934). Based upon that
evaluation, the Chief Executive Officer and Chief Financial Officer concluded
that the design and operation of these disclosure controls and procedures were
effective.

There were no significant changes in the Company's internal controls or in other
factors that could significantly affect these controls subsequent to the date of
such evaluation.


                                      -11-
<PAGE>

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

On April 20, 2001, the Company filed an action in the Supreme Court of the State
of New York, Nassau County, against Samuel Fensterstock ("Fensterstock") and a
competitor seeking injunctive relief, declaratory relief and monetary damages.
The complaint alleged, inter alia, that Fensterstock, former Senior Vice
President -- Sales Development of the Company, resigned on April 5, 2001 to join
the competitor in violation of the terms of his Non-Competition, Proprietary
Information and Inventions Agreement with the Company and in breach of his
fiduciary duties to the Company, and further, that the competitor intentionally
induced the breach of Fensterstock's Agreement with the Company. On April 23,
2001, the Court issued a temporary restraining order against Fensterstock and
the competitor. Thereafter, the parties entered into a Settlement Agreement
pursuant to which Fensterstock and the competitor would be restricted from
engaging in certain activities and Fensterstock would not work for the
competitor through various stipulated dates. The settlement was approved and so
ordered by the Court in July 2001. Thereafter, the Company uncovered evidence
that Fensterstock and the competitor violated the Settlement Agreement and the
July 2001 Court order and commenced an action seeking contempt, monetary
damages, punitive damages and injunctive relief against Fensterstock and the
competitor for such violations. The Company also requested discovery and a
hearing and is seeking an extension of the non-compete and non-solicitation
provisions of the prior Court order and Settlement Agreement. By Order dated May
15, 2002, the Court granted the Company's request for discovery and a hearing.
In the interim, Fensterstock and the competitor filed a Motion seeking to vacate
the settlement and dismiss the instant action, which Motion was denied by the
Court. By Order dated December 18, 2002, discovery is now being supervised by a
Court-appointed Referee. On the day supervised discovery began, the competitor
commenced an action in the Supreme Court of the State of New York, Nassau
County, against the Company, its President and a senior manager, seeking
compensatory damages, exemplary damages and injunctive relief. The action claims
that the Company used access codes to gain entry into that competitor's website.
The Company has denied these allegations and has counterclaimed against the
competitor, its President and Fensterstock, alleging misappropriation of client
access codes to gain access to the Company's website to unfairly compete with
the Company. The counterclaim seeks compensatory damages, costs and attorneys'
fees. The parties are currently engaged in discovery in connection with the
competitor's action and the Company's counterclaim.

Item 6. Exhibits and Reports on Form 8-K

(a)   Exhibits

      99.1  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.

      99.2  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.

(b)   Reports on Form 8-K

      None.


                                      -12-
<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.

                                        CREDITRISKMONITOR.COM, INC.
                                             (REGISTRANT)


Date: May 15, 2003                      By: /s/ Lawrence Fensterstock
                                                Lawrence Fensterstock
                                                Chief Financial Officer


                                      -13-
<PAGE>

                                  CERTIFICATION

I, Jerome S. Flum, certify that:

      1.    I have reviewed this quarterly report on Form 10-QSB of
            CreditRiskMonitor.com, Inc.;

      2.    Based on my knowledge, this quarterly report does not contain any
            untrue statement of a material fact or omit to state a material fact
            necessary to make the statements made, in light of the circumstances
            under which such statements were made, not misleading with respect
            to the period covered by this quarterly report;

      3.    Based on my knowledge, the financial statements, and other financial
            information included in this quarterly report, fairly present in all
            material respects the financial condition, results of operations and
            cash flows of the registrant as of, and for, the periods presented
            in this quarterly report;

      4.    The registrant's other certifying officers and I are responsible for
            establishing and maintaining disclosure controls and procedures (as
            defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant
            and we have:

            a)    designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made known to us
                  by others within those entities, particularly during the
                  period in which this quarterly report is being prepared;

            b)    evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

            c)    presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

      5.    The registrant's other certifying officers and I have disclosed,
            based on our most recent evaluation, to the registrant's auditors
            and the audit committee of registrant's board of directors (or
            persons performing the equivalent function):

            a)    all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls; and

            b)    any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and

      6.    The registrant's other certifying officers and I have indicated in
            this quarterly report whether or not there were significant changes
            in internal controls or in other factors that could significantly
            affect internal controls subsequent to the date of our most recent
            evaluation, including any corrective actions with regard to
            significant deficiencies and material weaknesses.


Date: May 15, 2003                      By: /s/ Jerome S. Flum
                                                Jerome S. Flum
                                                Chief Executive Officer


                                      -14-
<PAGE>

                                  CERTIFICATION

I, Lawrence Fensterstock, certify that:

      1.    I have reviewed this quarterly report on Form 10-QSB of
            CreditRiskMonitor.com, Inc.;

      2.    Based on my knowledge, this quarterly report does not contain any
            untrue statement of a material fact or omit to state a material fact
            necessary to make the statements made, in light of the circumstances
            under which such statements were made, not misleading with respect
            to the period covered by this quarterly report;

      3.    Based on my knowledge, the financial statements, and other financial
            information included in this quarterly report, fairly present in all
            material respects the financial condition, results of operations and
            cash flows of the registrant as of, and for, the periods presented
            in this quarterly report;

      4.    The registrant's other certifying officers and I are responsible for
            establishing and maintaining disclosure controls and procedures (as
            defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant
            and we have:

            a)    designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made known to us
                  by others within those entities, particularly during the
                  period in which this quarterly report is being prepared;

            b)    evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

            c)    presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

      5.    The registrant's other certifying officers and I have disclosed,
            based on our most recent evaluation, to the registrant's auditors
            and the audit committee of registrant's board of directors (or
            persons performing the equivalent function):

            a)    all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls; and

            b)    any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and

      6.    The registrant's other certifying officers and I have indicated in
            this quarterly report whether or not there were significant changes
            in internal controls or in other factors that could significantly
            affect internal controls subsequent to the date of our most recent
            evaluation, including any corrective actions with regard to
            significant deficiencies and material weaknesses.


Date: May 15, 2003                      By: /s/ Lawrence Fensterstock
                                                Lawrence Fensterstock
                                                Chief Financial Officer


                                      -15-