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: September 30, 2005

|_|   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)

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

                                 (845) 230-3000
                           (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 |_|

Indicated by check mark whether the registrant is a shell company (as defined by
Rule 12b-2 of the Exchange Act).

                                 Yes |_| No |x|

                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 -- 7,679,462  shares  outstanding  as of November 3,
2005.

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 - September 30, 2005 (Unaudited)
         and December 31, 2004.................................................2

         Consolidated Statements of Operations for the Three Months
         Ended September 30, 2005 and 2004 (Unaudited).........................3

         Consolidated Statements of Operations for the Nine Months
         Ended September 30, 2005 and 2004 (Unaudited).........................4

         Consolidated Statements of Cash Flows for the Nine Months
         Ended September 30, 2005 and 2004 (Unaudited).........................5

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

     Item 2. Management's Discussion and Analysis of Financial Condition
         and Results of Operations.............................................9

     Item 3. Controls and Procedures..........................................14

PART II. OTHER INFORMATION

     Item 1. Legal Proceedings................................................15

     Item 2. Changes in Securities and Small Business Issuer Purchases
         of Equity Securities.................................................15

     Item 6. Exhibits.........................................................15

SIGNATURES....................................................................16

EXHIBITS

     31.1    Certification of Chief Executive Officer Pursuant to
             Section 302 of the Sarbanes-Oxley Act of 2002....................17

     31.2    Certification of Chief Financial Officer Pursuant to
             Section 302 of the Sarbanes-Oxley Act of 2002....................19

     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............................21

     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............................22


                                       1
<PAGE>

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

                   CREDITRISKMONITOR.COM, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                    SEPTEMBER 30, 2005 AND DECEMBER 31, 2004

<TABLE>
<CAPTION>
                                                            Sept. 30,        Dec. 31,
                                                              2005             2004
                                                              ----             ----
                                                           (Unaudited)
<S>                                                        <C>             <C>
ASSETS
Current assets:
     Cash and cash equivalents                             $  2,000,020    $    877,025
     Accounts receivable, net of allowance                      437,243         637,221
     Other current assets                                       105,466         172,019
                                                           ------------    ------------

         Total current assets                                 2,542,729       1,686,265

Property and equipment, net                                     162,641         162,085
Goodwill, net                                                 1,954,460       1,954,460
Prepaid and other assets                                         23,678          20,042
                                                           ------------    ------------

         Total assets                                      $  4,683,508    $  3,822,852
                                                           ============    ============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
     Deferred revenue                                      $  2,263,666    $  2,221,233
     Accounts payable                                           209,260         170,949
     Accrued expenses                                           140,656         218,990
     Current portion of long-term debt                          108,086         100,084
     Current portion of capitalized lease obligations            25,763          26,518
                                                           ------------    ------------

         Total current liabilities                            2,747,431       2,737,774
                                                           ------------    ------------

Long-term debt, net of current portion:
     Promissory note                                            438,608         520,703
     Capitalized lease obligations                               25,324          44,904
                                                           ------------    ------------
                                                                463,932         565,607
Deferred rent payable                                             6,188           2,375
Deferred compensation                                            88,890          88,890
                                                           ------------    ------------

         Total liabilities                                    3,306,441       3,394,646
                                                           ------------    ------------

Commitments and contingencies

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 7,679,462 shares         76,794          76,794
     Additional paid-in capital                              28,122,383      28,122,383
     Accumulated deficit                                    (26,822,110)    (27,770,971)
                                                           ------------    ------------

         Total stockholders' equity                           1,377,067         428,206
                                                           ------------    ------------

         Total liabilities and stockholders' equity        $  4,683,508    $  3,822,852
                                                           ============    ============
</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 SEPTEMBER 30, 2005 AND 2004
                                   (Unaudited)

                                                         2005           2004
                                                         ----           ----

Operating revenues                                   $   985,106    $   851,231
                                                     -----------    -----------

Operating expenses:
     Data and product costs                              300,542        282,366
     Selling, general and administrative expenses        669,354        501,274
     Litigation related legal fees and expenses               --         29,083
     Depreciation and amortization                        16,725         15,499
                                                     -----------    -----------

         Total operating expenses                        986,621        828,222
                                                     -----------    -----------

Income (loss) from operations                             (1,515)        23,009
Other income                                               9,930          2,193
Loss on retirement of fixed assets                            --           (267)
Interest expense                                         (16,069)       (18,183)
                                                     -----------    -----------

Income (loss) before income taxes                         (7,654)         6,752
Provision for income taxes                                   563             --
                                                     -----------    -----------

Net income (loss)                                    $    (8,217)   $     6,752
                                                     ===========    ===========

Net income (loss) per share of common stock:

     Basic and diluted                               $     (0.00)   $      0.00
                                                     ===========    ===========

Weighted average number of common shares
outstanding:

     Basic and diluted                                 7,679,462      7,559,649
                                                     ===========    ===========

     See accompanying condensed notes to consolidated financial statements.


                                       3
<PAGE>

                   CREDITRISKMONITOR.COM, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
                                   (Unaudited)

                                                         2005           2004
                                                         ----           ----

Operating revenues                                   $ 2,830,106    $ 2,484,855
                                                     -----------    -----------

Operating expenses:
     Data and product costs                              817,158        801,120
     Selling, general and administrative expenses      1,932,880      1,486,271
     Litigation related legal fees and expenses          149,089        191,803
     Depreciation and amortization                        49,458         47,759
                                                     -----------    -----------

         Total operating expenses                      2,948,585      2,526,953
                                                     -----------    -----------

Loss from operations                                    (118,479)       (42,098)
Other income                                              19,980          5,779
Gain on settlement of litigation                       1,100,000             --
Loss on retirement of fixed assets                            --           (267)
Interest expense                                         (50,902)       (55,292)
                                                     -----------    -----------

Income (loss) before income taxes                        950,599        (91,878)
Provision for income taxes                                 1,738            226
                                                     -----------    -----------

Net income (loss)                                    $   948,861    $   (92,104)
                                                     ===========    ===========

Net income (loss) per share of common stock:

     Basic and diluted                               $      0.12    $     (0.01)
                                                     ===========    ===========

Weighted average number of common shares
outstanding:

     Basic and diluted                                 7,679,462      7,458,191
                                                     ===========    ===========

     See accompanying condensed notes to consolidated financial statements.


                                       4
<PAGE>

                   CREDITRISKMONITOR.COM, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
                                   (Unaudited)

                                                          2005           2004
                                                          ----           ----

Cash flows from operating activities:
     Net income (loss)                                $   948,861   $   (92,104)
     Adjustments to reconcile net income (loss) to
         net cash provided by (used in) operating
         activities:
              Depreciation and amortization                49,458        47,759
              Deferred rent                                 3,813        (3,383)
              Loss on retirement of assets                     --           267
     Changes in operating assets and liabilities:
         Accounts receivable                              199,978        22,911
         Other current assets                              66,553        (6,148)
         Prepaid and other assets                          (3,636)      (19,741)
         Deferred revenue                                  42,433       (12,028)
         Accounts payable                                  38,311         6,511
         Accrued expenses                                 (78,334)         (249)
                                                      -----------   -----------

Net cash provided by (used in) operating activities     1,267,437       (56,205)
                                                      -----------   -----------

Cash flows from investing activities:
     Purchase of property and equipment                   (50,014)      (61,365)
                                                      -----------   -----------

Net cash used in investing activities                     (50,014)      (61,365)
                                                      -----------   -----------

Cash flows from financing activities:
     Proceeds from exercise of stock options                   --             7
     Payments on promissory note                          (74,093)      (66,871)
     Payments on capital lease obligations                (20,335)      (10,207)
                                                      -----------   -----------

Net cash used in financing activities                     (94,428)      (77,071)
                                                      -----------   -----------

Net increase (decrease) in cash and cash
     equivalents                                        1,122,995      (194,641)
Cash and cash equivalents at beginning of
     period                                               877,025     1,138,447
                                                      -----------   -----------

Cash and cash equivalents at end of period            $ 2,000,020   $   943,806
                                                      ===========   ===========

     See accompanying condensed notes to consolidated financial statements.


                                       5
<PAGE>

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

(1) Basis of Presentation

The  condensed  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 accounting principles generally
accepted in the United  States 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 audited report on Form 10-KSB for the year
ended December 31, 2004.

In the opinion of the Company, the unaudited  consolidated  financial statements
reflect all adjustments  (consisting of normal recurring adjustments) considered
necessary to present fairly the Company's financial position as of September 30,
2005 and the results of its  operations and its cash flows for the periods ended
September 30, 2005 and 2004.

Results of operations for the three and nine-month  periods ended  September 30,
2005 and 2004 are not necessarily indicative of the results of a full year.

Certain  prior year  amounts have been  reclassified  to conform with the fiscal
2005 presentation.

(2) Stock-Based Compensation

The Company accounts for its stock-based  employee  compensation  plan using the
intrinsic  value  method  in  accordance  with  the  provisions  of APB No.  25,
"Accounting  for Stock  Issued to  Employees"  and related  Interpretations.  No
stock-based  employee  compensation cost for employee stock options 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.

In accordance with SFAS No. 123,  "Accounting for Stock-Based  Compensation," as
amended by SFAS No. 148,  "Accounting for  Stock-Based  Compensation--Transition
and  Disclosure,"  the following  table presents the effect on net income (loss)
and net income (loss) per share had  compensation  cost for the Company's  stock
plan been  determined  using a fair value based  method and  amortized  over the
vesting period  consistent with SFAS No. 123 for the three and nine months ended
September 30:


                                       6
<PAGE>

<TABLE>
<CAPTION>
                                              3 Months Ended         9 Months Ended
                                               September 30,          September 30,
                                               -------------          -------------
                                             2005        2004        2005       2004
                                             ----        ----        ----       ----
<S>                                        <C>         <C>         <C>        <C>
Net income (loss)
     As reported                           $ (8,217)   $  6,752    $948,861   $(92,104)
     Less: Total stock-based employee
         compensation expense determined
         under fair value based method
         for all awards, net of related
         tax benefits or effects             11,188      (5,250)     13,342      2,067
                                           --------    --------    --------   --------

     Pro forma                             $(19,405)   $ 12,002    $935,519   $(94,171)
                                           ========    ========    ========   ========
Net income (loss) per share - basic
     and diluted
         As reported                       $  (0.00)   $   0.00    $   0.12   $  (0.01)
         Pro forma                         $  (0.00)   $   0.00    $   0.12   $  (0.01)
</TABLE>

The above  stock-based  employee  compensation  costs  determined under the fair
value based method were  calculated  using the  Black-Scholes  option  valuation
model with the following weighted-average assumptions:

                                          3 Months Ended        9 Months Ended
                                           September 30,         September 30,
                                           -------------         --------------
                                          2005       2004       2005       2004
                                          ----       ----       ----       ----

Risk-free interests rate                  4.22%      4.63%      4.26%      4.50%
Dividend yield                            0.00%      0.00%      0.00%      0.00%
Volatility factor                        -0.18       0.96      -1.20       1.02
Weighted-average expected life of
     options (in years)                      9          9          9          9

The Black-Scholes option valuation model was developed for use in estimating the
fair value of traded  options,  which have no  vesting  restrictions,  are fully
transferable, and do not include a discount for large block trades. In addition,
option  valuation  models  require  the input of highly  subjective  assumptions
including the expected stock price  volatility,  expected life of the option and
other   estimates.   Because  the   Company's   employee   stock   options  have
characteristics  significantly  different  from  those of  traded  options,  and
because changes in the subjective  input  assumptions can materially  affect the
fair  value  estimate,  in  management's  opinion,  the  existing  models do not
necessarily  provide a reliable single measure of the fair value of its employee
stock options.

(3) Income Taxes

Deferred  tax  assets  are  evaluated  quarterly  to assess  the  likelihood  of
realization, which is ultimately dependent upon generating future taxable income
prior to the expiration of the net operating loss carryforwards. The Company has
recorded  certain U.S.  federal  deferred tax assets for which it has provided a
full valuation  allowance as of December 31, 2004. The full valuation  allowance
on the U.S.  federal  deferred tax assets was  determined to be  appropriate  at
December  31, 2004 due to  continuing  losses.  Although the Company had pre-tax
income for the nine months ended  September 30, 2005, at September 30, 2005, the
Company continues to believe a full valuation allowance is required because such
income  was  derived  primarily  from  a  nonrecurring  gain  on  settlement  of
litigation  (see Note 4).  Should it be determined in the future that it is more
likely than not that these assets


                                       7
<PAGE>

will be realized,  the valuation  allowance would be removed against some or all
of the deferred tax assets.

The actual tax expense for the nine months ended September 30, 2005 differs from
the  "expected"  tax  expense  for  those  periods  (computed  by  applying  the
applicable  United  States  federal  corporate  tax rate to income (loss) before
income taxes) as follows:

                                      3 Months Ended          9 Months Ended
                                       September 30,           September 30,
                                       -------------           -------------
                                     2005        2004        2005         2004
                                     ----        ----        ----         ----

Computed "expected" provision     $      --   $      --   $ 284,465    $      --
Utilization of net operating
     loss carryforward                   --          --    (284,465)          --
State and local income taxes            563          --       1,738          226
                                  ---------   ---------   ---------    ---------

Provision for income taxes        $     563   $      --   $   1,738    $     226
                                  =========   =========   =========    =========

(4) Legal Proceedings

On April 27,  2005,  the Company  executed an  agreement  (the  "Stipulation  of
Settlement")  which settled all of the lawsuits between it and a competitor,  as
previously  reported,  and the competitor  simultaneously  paid the Company $1.1
million. In addition,  the competitor agreed in the Stipulation of Settlement to
assume certain potential  liabilities against the Company and defend the Company
in connection with the Decision Strategies litigation discussed below.

As previously  reported:  (a) in July 2004,  the Company  commenced an action in
Nassau County  against  Decision  Strategies LLC  ("Decision  Strategies"),  the
court-appointed  forensic  computer  expert in the enforcement  proceeding,  for
breach of its services  contract and seeking a declaration  of the rights of the
parties  under  the  terms  of the  contract;  (b) also in July  2004,  Decision
Strategies  commenced  an  action  in New  York  against  the  Company  and  the
competitor  for fees in  excess  of the  limitations  provided  in the  services
contract;  (c) Decision  Strategies  successfully moved to dismiss the Company's
Nassau County action because Decision  Strategies had commenced an action in New
York County;  and (d) at a conference in New York County held in June 2005,  the
Court denied a motion to move the action to Nassau County.

Pursuant to the  Stipulation of Settlement,  the competitor has agreed to assume
certain potential  liabilities and defend the Company in the Decision Strategies
litigation, as noted above.

(5) Net Income (Loss) Per Share

The  computation  of diluted net income (loss) per share excludes the effects of
the  assumed   exercise  of  all  options   since  their   inclusion   would  be
anti-dilutive.  For the nine-months  ended  September 30, 2005 and  three-months
ended  September  30,  2004,  546,500 and 486,000  options,  respectively,  were
excluded as their exercise prices were above market value.  For the three-months
ended September 30, 2005 and nine-months  ended September 30, 2004,  678,000 and
468,000 options,  respectively,  were excluded because the Company had losses in
those periods.


                                       8
<PAGE>

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

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

At  September  30,  2005,  the  Company had cash and cash  equivalents  of $2.00
million compared to $877,000 at December 31, 2004. The Company's working capital
deficit at September 30, 2005 was  approximately  $205,000 compared to a working
capital  deficit of  approximately  $1.05  million at  December  31,  2004,  due
primarily  to an  increase  of  $1.12  million  in  cash  and  cash  equivalents
reflecting receipt of the settlement proceeds of $1.1 million referred to below.
Additionally,  the  working  capital  deficit at  September  30,  2005 is mainly
derived from the $2.26 million in deferred revenue, which should not require any
future  cash  outlay  other than the cost of  preparation  and  delivery  of the
applicable  commercial  credit  reports.  The deferred  revenue is recognized as
income over the subscription term, which approximates twelve months. The Company
has no bank lines of credit or other currently available credit sources.

Excluding cash  expenditures of $91,000 and $228,000 in the first nine months of
fiscal 2005 and 2004,  respectively,  incurred in  connection  with the Contempt
Proceeding, the Competitor Action and the other litigation described in Part II,
Item 1 or  previously  reported  (collectively,  the  "Litigation"),  and before
giving  effect to the  settlement  proceeds  of $1.1  million,  the  Company had
positive  cash flow of $114,000 and $33,000 for the nine months ended  September
30, 2005 and 2004, respectively.

On April 27, 2005, a Stipulation  of Settlement was filed with the Supreme Court
of the State of New York, Nassau County, pursuant to which: (i) the Company, the
competitor and all other parties agreed to settle the Litigation (other than the
Decision Strategies litigation referred to above), and (ii) the Company received
payment of $1.1 million from the competitor.

After giving effect to the Stipulation of Settlement and the receipt of the $1.1
million settlement  proceeds,  the Company believes that it will have sufficient
resources to meet its working capital and capital  expenditure needs,  including
debt service, for the foreseeable future.

OFF-BALANCE SHEET ARRANGEMENTS

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


                                       9
<PAGE>

RESULTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                        3 Months Ended September 30,
                                                       2005                      2004
                                                       ----                      ----
                                                          % of Total                % of Total
                                                           Operating                 Operating
                                               Amount      Revenues      Amount      Revenues
                                              ---------   ----------    ---------   ----------
<S>                                           <C>             <C>       <C>             <C>
Operating revenues                            $ 985,106       100.00%   $ 851,231       100.00%
                                              ---------    ---------    ---------    ---------

Operating expenses:
   Data and product costs                       300,542        30.51%     282,366        33.17%
   Selling, general & administrative            669,354        67.95%     501,274        58.89%
   Litigation related legal fees & expenses          --         0.00%      29,083         3.42%
   Depreciation and amortization                 16,725         1.70%      15,499         1.82%
                                              ---------    ---------    ---------    ---------
     Total operating expenses                   986,621       100.16%     828,222        97.30%
                                              ---------    ---------    ---------    ---------

Income (loss) from operations                    (1,515)       -0.16%      23,009         2.70%
Other income                                      9,930         1.01%       2,193         0.26%
Loss on retirement of fixed assets                   --         0.00%        (267)       -0.03%
Interest expense                                (16,069)       -1.63%     (18,183)       -2.14%
                                              ---------    ---------    ---------    ---------

Income (loss) before income taxes                (7,654)       -0.78%       6,752         0.79%
Provision for income taxes                          563         0.06%          --         0.00%
                                              ---------    ---------    ---------    ---------

Net income (loss)                             ($  8,217)      -0.84%    $   6,752         0.79%
                                              =========    =========    =========    =========
</TABLE>

Operating  revenues  increased 16% for the three months ended September 30, 2005
versus the same period last year. This increase was primarily due to an increase
in the number of  subscribers  to the Company's  Internet  subscription  service
offset in part by a  decrease  in the  number of  subscribers  to the  Company's
subscription service for third-party international credit reports.

Data and product  costs  increased 6% for the third  quarter of 2005 compared to
the same period of fiscal 2004. This increase was primarily due to higher salary
and related employee benefit costs,  offset in part by a reduction in consulting
fees that were incurred  last year in  connection  with setting up the Company's
data center due to its move to a new facility.

Selling, general and administrative expenses increased 34% for the third quarter
of fiscal 2005  compared to the same period of fiscal  2004.  This  increase was
primarily  due to higher  salary and related  employee  benefit  costs due to an
increase in the Company's  sales force during the past 12 months and an increase
in marketing  expenses,  partially offset by a decrease in rent expense due to a
doubling up of rent expense in last year's third quarter as the Company moved to
its new leased facility prior to the expiration of the lease on its old location
as well as moving expenses  incurred in the third quarter of 2004 related to the
Company's relocation.

Litigation  related legal fees and expenses were down 100% for the third quarter
of 2005 compared to the same period last year as a settlement to the  Litigation
was reached during this year's second quarter.

Depreciation and amortization  increased 8% for the third quarter of fiscal 2005
compared  to the same  period  of  fiscal  2004.  This  increase  was due to the
depreciation expense on assets either purchased or leased in connection with the
Company's move and the decision to co-locate its production servers in the third
quarter of fiscal  2004 as well as on new  servers  acquired  during the past 12
months.


                                       10
<PAGE>

Other income increased 353% for the third quarter of fiscal 2005 compared to the
same period last year.  This  increase  primarily  reflects the investing of the
settlement proceeds received in the second quarter in interest bearing accounts,
as well as a higher interest rate received on funds invested in interest bearing
accounts during the current quarter compared to the same period last year.

Interest expense  decreased 12% for the third quarter of fiscal 2005 compared to
the same period of fiscal 2004.  This  decrease  was due to a lower  outstanding
promissory note balance.

The  Company  reported a net loss of $8,000  versus net income of $7,000 for the
three months ended September 30, 2005 and 2004, respectively.

<TABLE>
<CAPTION>
                                                          9 Months Ended September 30,
                                                        2005                        2004
                                                        ----                        ----
                                                            % of Total                  % of Total
                                                             Operating                   Operating
                                                Amount       Revenues        Amount      Revenues
                                              ----------    ----------    ----------    ----------
<S>                                           <C>               <C>       <C>               <C>
Operating revenues                            $2,830,106        100.00%   $2,484,855        100.00%
                                              ----------    ----------    ----------    ----------

Operating expenses:
   Data and product costs                        817,158         28.87%      801,120         32.24%
   Selling, general & administrative           1,932,880         68.30%    1,486,271         59.81%
   Litigation related legal fees & expenses      149,089          5.27%      191,803          7.72%
   Depreciation and amortization                  49,458          1.75%       47,759          1.92%
                                              ----------    ----------    ----------    ----------
     Total operating expenses                  2,948,585        104.19%    2,526,953        101.69%
                                              ----------    ----------    ----------    ----------

Loss from operations                            (118,479)        -4.19%      (42,098)        -1.69%
Other income                                      19,980          0.71%        5,779          0.23%
Gain on settlement of litigation               1,100,000         38.87%           --          0.00%
Loss on retirement of fixed assets                    --          0.00%         (267)        -0.01%
Interest expense                                 (50,902)        -1.80%      (55,292)        -2.23%
                                              ----------    ----------    ----------    ----------

Income (loss) before income taxes                950,599         33.59%      (91,878)        -3.70%
Provision for income taxes                         1,738          0.06%          226          0.01%
                                              ----------    ----------    ----------    ----------

Net income (loss)                             $  948,861         33.53%   $  (92,104)        -3.71%
                                              ==========    ==========    ==========    ==========
</TABLE>

Operating  revenues  increased 14% for the nine months ended  September 30, 2005
versus the first nine months of 2004.  This  increase  was  primarily  due to an
increase in the number of  subscribers  to the Company's  Internet  subscription
service  offset  in part by a  decrease  in the  number  of  subscribers  to the
Company's subscription service for third-party international credit reports.

Data and  product  costs  increased  2% for the first nine months of fiscal 2005
compared to the same period of fiscal 2004.  This  increase was primarily due to
higher salary and related  employee  benefits as well as the cost of leasing the
co-location facility that commenced in the third quarter of 2004, offset in part
by the lower  cost of  acquiring  additional  third-party  international  credit
reports and by a reduction in  consulting  fees that were  incurred last year in
connection  with setting up the  Company's  data center due to its move to a new
facility.

Selling,  general and  administrative  expenses increased 30% for the first nine
months of fiscal 2005 compared to the same period of fiscal 2004.  This increase
was primarily due to higher salary and related  employee benefit costs due to an
increase in the Company's sales force during the past 12 months,  an increase in
rent expense due to the Company's relocation to new leased


                                       11
<PAGE>

facilities in the third quarter of 2004, and an increase in marketing  expenses,
offset in part by the moving expenses incurred in 2004.

Litigation  related  legal  fees and  expenses  were down 22% for the first nine
months of fiscal 2005  compared to the same period of fiscal 2004 as a result of
the  settlement of the  Litigation  which was reached  during this year's second
quarter.

Depreciation and  amortization  increased 4% for the first nine months of fiscal
2005  compared to the same period of fiscal 2004.  This  increase was due to the
depreciation expense on assets either purchased or leased in connection with the
Company's  move and the  decision to  co-locate  its  production  servers in the
second  half of fiscal  2004  offset by lower  depreciation  expense  during the
fiscal 2005  period on certain  items that have been fully  depreciated  but are
still in use.

Other income increased 246% for the first nine months of fiscal 2005 compared to
the same period last year.  This increase was  primarily  due to the  settlement
proceeds  received  at the end of April  2005 that  were  invested  in  interest
bearing accounts as well as a higher interest rate received on funds invested in
interest  bearing accounts during the current period compared to the same period
last year.

Interest expense  decreased 8% for the first nine months of fiscal 2005 compared
to the same period of fiscal 2004. This decrease was due to a lower  outstanding
promissory note balance.

The Company reported net income of $949,000 versus a net loss of $92,000 for the
nine months ended September 30, 2005 and 2004, respectively.

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.  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  markets  in which it  competes,  the  Company's  ability  to  accurately
forecast its revenues,  gross profits and operating  expenses as a percentage of
net sales is limited.  The Company's current and future expense levels are based
largely on its investment  plans and estimates of future revenues and to a large
extent are fixed.  Sales and operating results generally depend on the Company's
ability to attract  and retain  customers  and the volume of and timing of their
subscriptions for the Company's services,  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, service,  marketing or acquisition decisions that could have a material
adverse effect on its business,  prospects,  financial  condition and results of
operations.


                                       12
<PAGE>

Achieving profitability depends on the Company's ability to generate and sustain
increased  revenue levels.  The Company believes that its success will depend in
large part on its  ability to (i) extend its brand  position,  (ii)  provide its
customers with outstanding  value, and (iii) achieve  sufficient sales volume to
realize  economies  of scale.  Accordingly,  the Company  intends to continue to
invest in marketing  and  promotion,  product  development  and  technology  and
operating infrastructure development. There can be no assurance that the Company
will be able to achieve these objectives within a meaningful time frame.

The  Company  expects  to  experience  significant  fluctuations  in its  future
quarterly  operating  results  due to a variety  of  factors,  some of which are
outside the Company's  control.  Factors that may adversely affect the Company's
quarterly operating results include,  among others, (i) the Company's ability to
retain existing  customers,  attract new customers at a steady rate and maintain
customer  satisfaction,  (ii) the Company's ability to maintain gross margins in
its  existing  business  and in  future  product  lines and  markets,  (iii) the
development  of new services  and  products by the Company and its  competitors,
(iv) price competition, (v) the level of use of the Internet and online services
and  increasing  acceptance  of the Internet  and other online  services for the
purchase of products  such as those  offered by the Company,  (vi) the Company's
ability to  upgrade  and  develop  its  systems  and  infrastructure,  (vii) the
Company's  ability to attract new  personnel in a timely and  effective  manner,
(viii)  the level of  traffic  on the  Company's  Web site,  (ix) the  Company's
ability to manage  effectively  its  development  of new  business  segments and
markets,  (x) the Company's  ability to  successfully  manage the integration of
operations and technology of acquisitions or other business  combinations,  (xi)
technical difficulties,  system downtime or Internet brownouts, (xii) the amount
and timing of operating costs and capital expenditures  relating to expansion of
the Company's  business,  operations  and  infrastructure,  (xiii)  governmental
regulation  and  taxation  policies,  (xiv)  disruptions  in  service  by common
carriers  due to strikes  or  otherwise,  (xv) risks of fire or other  casualty,
(xvi) litigation  costs or other  unanticipated  expenses,  (xvii) interest rate
risks and inflationary  pressures,  and (xviii) general economic  conditions and
economic conditions specific to the Internet and online commerce.

Due to the foregoing  factors and the Company's limited  forecasting  abilities,
the Company  believes  that  period-to-period  comparisons  of its  revenues and
operating results are not necessarily  meaningful and should not be relied on as
an indication of future performance.

RECENTLY ISSUED ACCOUNTING STANDARDS

In  December  2004,  the FASB issued SFAS No.  153,  "Exchanges  of  Nonmonetary
Assets--an  amendment of APB Opinion No. 29," which addresses the measurement of
exchanges of  nonmonetary  assets and  eliminates  the exception from fair value
measurement for nonmonetary  exchanges of similar productive assets and replaces
it with an exception for exchanges that do not have commercial  substance.  SFAS
No. 153 is effective for nonmonetary asset exchanges occurring in fiscal periods
beginning after June 15, 2005, with earlier application permitted.  The adoption
of SFAS No.  153  will  have no  impact  on our  results  of  operations  or our
financial position.

In  December  2004,  the FASB  issued  SFAS  No.  123R,  "Share-Based  Payment",
replacing SFAS No. 123 and superseding APB Opinion No. 25. SFAS No. 123R


                                       13
<PAGE>

requires  public  companies  to recognize  compensation  expense for the cost of
stock options and all other awards of equity instruments. This compensation cost
will be  measured  as the fair  value of the award on the grant  date  estimated
using an  option-pricing  model to be determined.  The Company is evaluating the
various  transition  provisions under SFAS No. 123R. This Statement is effective
for the Company as of the beginning of the quarter ending March 31, 2006.

No other new accounting pronouncement issued or effective during the fiscal year
has had or is expected to have a material impact on the  consolidated  financial
statements.

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

The  Company's  management,  with  the  participation  of  the  Company's  Chief
Executive Officer and Chief Financial  Officer,  has evaluated the effectiveness
of the Company's  disclosure controls and procedures (as such term is defined in
Rules  13a-15(e) and  15d-15(e)  under the  Securities  Exchange Act of 1934, as
amended)  as of the end of the  period  covered  by this  report.  Based on that
evaluation,  the Company's Chief Executive  Officer and Chief Financial  Officer
have  concluded  that, as of the end of such period,  the  Company's  disclosure
controls and procedures are effective.

There have not been any changes in the Company's internal control over financial
reporting (as such term is defined in Rules  13a-15(f)  and 15d-15(f)  under the
Securities  Exchange  Act of 1934,  as amended)  during our most  recent  fiscal
quarter that have materially  affected,  or are reasonably  likely to materially
affect, the Company's internal control over financial  reporting.  Management is
aware that there is a lack of  segregation  of duties due to the small number of
employees dealing with general  administrative and financial  matters.  However,
management has decided that  considering the employees  involved and the control
procedures  in  place,  risks  associated  with  such  lack of  segregation  are
insignificant and the potential benefit of adding employees to clearly segregate
duties do not justify the expenses associated with such increase.


                                       14
<PAGE>

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

On April 27,  2005,  the Company  executed an  agreement  (the  "Stipulation  of
Settlement"),  which settled all of the lawsuits between it and a competitor, as
previously  reported,  and the competitor  simultaneously  paid the Company $1.1
million. In addition,  the competitor agreed in the Stipulation of Settlement to
assume certain potential  liabilities against the Company and defend the Company
in connection with the Decision Strategies litigation discussed below.

As previously  reported:  (a) in July 2004,  the Company  commenced an action in
Nassau County  against  Decision  Strategies LLC  ("Decision  Strategies"),  the
court-appointed  forensic  computer expert in the enforcement  proceedings,  for
breach of its services  contract and seeking a declaration  of the rights of the
parties  under  the  terms  of the  contract;  (b) also in July  2004,  Decision
Strategies  commenced  an  action  in New  York  against  the  Company  and  the
competitor  for fees in  excess  of the  limitations  provided  in the  services
contract;  (c) Decision  Strategies  successfully moved to dismiss the Company's
Nassau County action because Decision  Strategies had commenced an action in New
York County;  and (d) at a conference in New York County held in June 2005,  the
Court denied a motion to move the action to Nassau County.

Pursuant to the  Stipulation of Settlement,  the competitor has agreed to assume
certain potential  liabilities and defend the Company in the Decision Strategies
litigation, as noted above.

Item 2. Changes in  Securities  and Small  Business  Issuer  Purchases of Equity
Securities

The Company is prohibited  from paying  dividends  pursuant to the Loan Security
Agreement that secures its Secured Promissory Note in favor of Market Guide Inc.

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.


                                       15
<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: November 14, 2005                 By: /s/ Lawrence Fensterstock
                                                Lawrence Fensterstock
                                                Chief Financial Officer


                                       16