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, 2001


[ ] 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 - 5,344,129 shares outstanding as of April 30, 2001.

Transitional Small Business Disclosure Format (check one):  Yes [ ]   No [x]


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<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                                      INDEX


                                                                           Page
                                                                           ----
PART I. FINANCIAL INFORMATION

     Item 1. Financial Statements

         Consolidated Balance Sheets - March 31, 2001 (Unaudited)
         and December 31, 2000 (Audited).....................................3

         Consolidated Statements of Operations for the Three Months
         Ended March 31, 2001 and 2000 (Unaudited)...........................4

         Consolidated Statements of Cash Flows for the Three Months
         Ended March 31, 2001 and 2000 (Unaudited)...........................5

         Condensed Notes to Consolidated Financial Statements................6

     Item 2. Management's Discussion and Analysis of Financial
         Condition and Results of Operations.................................7


PART II. OTHER INFORMATION

     Item 1. Legal Proceedings..............................................10

     Item 6. Exhibits and Reports on Form 8-K...............................10


SIGNATURES..................................................................11



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<PAGE>


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                      MARCH 31, 2001 AND DECEMBER 31, 2000


<TABLE>
<CAPTION>
                                                               March 31,       Dec. 31,
                                                                2001             2000
                                                             (Unaudited)      (Audited)
                                                             ------------    ------------
                                     ASSETS
<S>                                                          <C>             <C>
Current assets:

     Cash and cash equivalents                               $  1,360,946    $  1,215,197
     Accounts receivable, net of allowance                        809,451         662,304
     Other current assets                                         125,611          28,358
                                                             ------------    ------------
         Total current assets                                   2,296,008       1,905,859

Property and equipment, net                                       285,595         293,357
Goodwill, net                                                   2,040,266       2,068,868
Prepaid and other assets                                           74,474          73,638
                                                             ------------    ------------

TOTAL ASSETS                                                 $  4,696,343    $  4,341,722
                                                             ============    ============

<CAPTION>
                      LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                                          <C>             <C>
Current liabilities:
     Deferred revenue                                        $  2,139,103    $  1,660,431
     Accounts payable                                             105,504          45,856
     Accrued expenses                                              96,026          85,490
     Current portion of long-term debt                            400,321         274,338
     Current portion of capitalized lease obligation                5,404           5,258
                                                             ------------    ------------
         Total current liabilities                              2,746,358       2,071,373
                                                             ------------    ------------

Long-term debt, net of current portion:
     Secured promissory note                                      600,422         693,758
     Promissory note                                               50,855          64,606
     Capitalized lease obligation                                  17,061          18,468
                                                             ------------    ------------
                                                                  668,338         776,832
Deferred rent payable                                               6,571           5,850
Deferred compensation                                             188,750         186,667
                                                             ------------    ------------

         Total liabilities                                      3,610,017       3,040,722
                                                             ------------    ------------

Stockholders' equity:
     Common stock                                                  53,441          53,441
     Additional paid-in capital                                27,201,912      27,201,912
     Accumulated deficit                                      (26,169,027)    (25,954,353)
                                                             ------------    ------------
         Total stockholders' equity                             1,086,326       1,301,000
                                                             ------------    ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                   $  4,696,343    $  4,341,722
                                                             ============    ============
</TABLE>


     See accompanying condensed notes to consolidated financial statements.


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<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
               FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (Unaudited)


                                                        2001           2000
                                                    -----------    -----------

Operating revenues                                  $   727,203    $   433,508

Operating expenses:
     Data and product costs                             288,607        184,027
     Selling, general and administrative expenses       585,631        491,029
     Depreciation and amortization                       54,718         52,086
                                                    -----------    -----------
         Total operating expenses                       928,956        727,142
                                                    -----------    -----------

Loss from operations                                   (201,753)      (293,634)
Other income                                             14,501         21,902
Interest expense                                        (24,828)       (23,331)
                                                    -----------    -----------

Loss before income taxes                               (212,080)      (295,063)
Provision for state and local income taxes                2,593          3,020
                                                    -----------    -----------

Net loss                                            $  (214,673)   $  (298,083)
                                                    ===========    ===========

Net loss per share of common stock:

     Basic and diluted                              $     (0.04)   $     (0.06)
                                                    ===========    ===========

Weighted average number of common shares
outstanding:

     Basic and diluted                                5,344,129      5,341,129
                                                    ===========    ===========


     See accompanying condensed notes to consolidated financial statements.


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<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
               FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (Unaudited)


                                                         2001           2000
                                                     -----------    -----------

Cash flows from operating activities:
     Net loss                                        $  (214,673)   $  (298,083)
     Adjustments to reconcile net loss to net
         cash provided by operating activities:
              Goodwill amortization                       28,602         28,602
              Depreciation                                26,116         23,484
              Amortization of debt discount               22,540         20,453
              Deferred compensation                        2,083         22,500
              Deferred rent                                  721            935
              Deferred interest expense                     --            2,271
     Changes in operating assets and liabilities:
         Accounts receivable                            (147,147)       114,140
         Other current assets                            (97,253)       (10,093)
         Deferred revenue                                478,672        161,411
         Accounts payable                                 59,648          5,410
         Accrued expenses                                 10,536            377
                                                     -----------    -----------
Net cash provided by operating activities                169,845         71,407
                                                     -----------    -----------

Cash flows from investing activities:
     Purchase of fixed assets                            (18,354)       (41,647)
     Increase in prepaid and other assets                   (837)       (13,752)
                                                     -----------    -----------
Net cash used in investing activities                    (19,191)       (55,399)
                                                     -----------    -----------

Cash flows from financing activities:
     Payments on promissory notes                         (3,644)          --
     Payments on capital lease obligation                 (1,261)          (979)
                                                     -----------    -----------
Net cash used in financing activities                     (4,905)          (979)
                                                     -----------    -----------

Net increase in cash and cash equivalents                145,749         15,029
Cash and cash equivalents at beginning of
     period                                            1,215,197      1,421,885
                                                     -----------    -----------

Cash and cash equivalents at end of period           $ 1,360,946    $ 1,436,914
                                                     ===========    ===========


     See accompanying condensed notes to consolidated financial statements.


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<PAGE>


                  CREDITRISKMONITOR.COM, INC. AND SUBSIDIARIES
              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 consolidated  financial statements
should be read in conjunction with the consolidated financial statements and the
notes thereto in the  Company's  annual report on Form 10-KSB for the year ended
December 31, 2000.

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,
2001 and the results of its  operations  and its cash flows for the  three-month
periods ended March 31, 2001 and 2000.

Results of operations for the three-month  periods ended March 31, 2001 and 2000
are not necessarily indicative of the results of a full year.

Certain  prior year  amounts have been  reclassified  to conform with the fiscal
2001 presentation.

(2) Graydon UK Ltd.

In July 2000,  the Company  entered into a Letter of Intent with Graydon UK Ltd.
("Graydon") to be a re-distributor of Graydon's  international credit reports in
the United States. As part of the transaction,  CRM assumed the servicing of the
contracts of a Graydon-related  company, Graydon America, Inc., for which CRM is
receiving a monthly management fee. Additionally,  with respect to new contracts
signed by CRM, the Company  recognizes  revenue as  information is delivered and
products  and  services  are  used  by  its   customers.   Amounts   billed  for
subscriptions  are  credited to  deferred  revenue and  reflected  in  operating
revenues as earned over the subscription term, which is generally one year.


                                      -6-
<PAGE>


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


Results of Operations

     In January 1999,  the Company  acquired the assets of the CRM and commenced
operations.  Accordingly,  the three month periods ended March 31, 2001 and 2000
reflect  the  operating  results of the  Company's  credit  information  service
business.  This business began selling its product in April 1997 and is still in
its early stages of development.


<TABLE>
<CAPTION>
                                                       3 Months Ended March 31,
                                                       ------------------------
                                                 2001                            2000
                                                 ----                            ----
                                                       % of Total                     % of Total
                                         Amount          Income          Amount          Income
                                      -----------     ----------      -----------     ----------
<S>                                      <C>             <C>             <C>             <C>
Operating revenues                       $727,203        100.00%         $433,508        100.00%

Operating expenses:
   Data and product costs                 288,607         39.69%          184,027         42.45%
   Selling, general & administrative      585,631         80.53%          491,029        113.27%
   Depreciation and amortization           54,718          7.52%           52,086         12.01%
                                      -----------     ----------      -----------     ----------
     Total operating expenses             928,956        127.74%          727,142        167.73%
                                      -----------     ----------      -----------     ----------

Loss from operations                     (201,753)       -27.74%         (293,634)       -67.73%
Other income                               14,501          1.99%           21,902          5.05%
Interest expense                          (24,828)        -3.41%          (23,331)        -5.38%
                                      ------------    ----------      ------------    ----------

Loss before income taxes                (212,080)        -29.16%         (295,063)       -68.06%
Income taxes                                2,593          0.36%            3,020          0.70%
                                      -----------     ----------      -----------     ----------

Net loss                                $(214,673)       -29.52%        $(298,083)       -68.76%
                                      ============    ==========      ============    ==========
</TABLE>

     Operating revenues increased 68% for the three months ended March 31, 2001.
This increase was primarily due to an increase in the number of  subscribers  to
the  Company's  subscription  service and revenues  from the  management  of the
former Graydon  America credit  reporting  business which  commenced  during the
second half of fiscal 2000.

     Data and product costs increased 57% for the first quarter of 2001 compared
to the same  period of fiscal  2000.  This  increase  was  primarily  due to the
increased  cost of  acquiring  the data needed for the  Company's  products  and
higher  salary and  related  employee  benefits  resulting  from an  increase in
headcount as the Company added personnel to deliver its expanded product line.

     Selling,  general and  administrative  expenses increased 19% for the first
quarter of fiscal 2001 compared to the same period of fiscal 2000. This increase
was  primarily  due to an  increase  in  headcount  as  the  Company  has  added
salespeople and customer support personnel over the past 12 months.

     Depreciation and amortization  increased 5% for the first quarter of fiscal
2001 compared to the same period of fiscal 2000. This increase was primarily due
to higher depreciation  expense related to the acquisition of computer equipment
and other fixed assets during the last 12 months.

     The Company  incurred a net loss of  $214,673  and  $298,083  for the three
months ended March 31, 2001 and 2000, respectively.

     The Company over time  intends to expand its  operations  by expanding  the
breadth and depth of its product and service offerings and the introduction


                                      -7-
<PAGE>


of new or  complementary  products.  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 quarterly 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 product to encompass  additional  companies
monitored and the development of new products,  (viii) the Company's  ability to
successfully  manage the integration of third-party data into its Internet site,
(ix) technical  difficulties,  system  downtime or Internet  brownouts,  (x) the
amount  and timing of  operating  costs and  capital  expenditures  relating  to
expansion of the Company's  business,  operations and  infrastructure,  and (xi)
general economic conditions and economic conditions specific to the Internet and
the credit information industry.

LIQUIDITY AND CAPITAL RESOURCES

     At March 31, 2001, the Company had cash, cash  equivalents and other liquid
assets of  $1,361,000  compared to  $1,215,000  of liquid assets at December 31,
2000.  The  Company's  working  capital  deficit at March 31, 2001 was  $450,000
compared to a working  capital  deficit of $166,000 at December 31,  2000.  This
decrement was due to a $126,000  reclassification  from  long-term to short-term
debt  between  periods,  a $70,000  increase  in  accounts  payable  and accrued
expenses and an increase in deferred revenue,  net of increases in cash and cash
equivalents,  accounts receivable and deferred billings, of $88,000. The Company
has no bank lines of credit or other currently available credit sources.

     For the three months ended March 31, 2001,  the Company  reported  that net
cash provided by operating  activities was $170,000  compared to $71,000 for the
same period in the prior  fiscal  year.  The Company  expects to reach cash flow
breakeven status,  after debt service,  during 2001. Should this expectation not
be realized, the Company believes that it has sufficient


                                      -8-
<PAGE>


resources to meet its working capital and capital  expenditure needs,  including
debt service, for at least the next 13 months.

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.


                                      -9-
<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,  entitled  "CreditRiskMonitor.com,  Inc.  v.
Samuel  Fensterstock  and Global Credit Services,  Inc." The complaint  alleges,
inter  alia,  that  Samuel  Fensterstock  ("Fensterstock"),  former  Senior Vice
President,  Sales  Development of the Company who resigned April 5, 2001, joined
Global  Credit  Services,  Inc.  ("Global"),  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
Global  intentionally  induced the breach of  Fensterstock's  Agreement with the
Company.  The complaint  seeks a temporary  restraining  order and a preliminary
injunction,  as well as  compensatory  and punitive  damages,  the return of all
confidential information, an accounting, interest, attorneys' fees and costs. On
April 23,  2001,  the Court  issued a temporary  restraining  order  restraining
Fensterstock's  continued  employment by Global and the  defendants'  continuing
solicitation  of the Company's  customers  (other than any who are also Global's
customers or current  prospects) and divulging or utilizing its trade secrets or
confidential  information.  A hearing on the Company's request for a preliminary
injunction is scheduled for May 16, 2001.

Item 6. Exhibits and Reports on Form 8-K

(a)  Exhibits

     None.

(b)  Reports on Form 8-K

     None.




                                      -10-
<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, 2001                        By: /s/ Lawrence Fensterstock
                                                 Lawrence Fensterstock
                                                 Chief Financial Officer


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