UNITED
STATESSECURITIES AND
EXCHANGE COMMISSION Washington, D.C. 20549

# FORM 10-QSB

(Mark One)

| | [X] | QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | --- | ---------------------------------------------------------------------------------

For
the quarterly period ended March 31, 2004.

| | [    ] | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
| | ------ | --------------------------------------------------------------------------

For the transition period from ________ to _________.

Commission
file number: 0-29963

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

|Nevada                                                          | 88-0379462                       
|--------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of 
incorporation or organization) | (IRS Employer
Identification No.)

11204 Davenport Street, Suite 100, Omaha, Nebraska 68154
(Address of principal executive offices)

(402) 333-1900 (Issuers telephone number)

Check whether the issuer: (1) filed
all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the
past 12 months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [ X ] No [  ]

# APPLICABLE ONLY TO
ISSUERS INVOLVED IN BANKRUPTCYPROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed
all documents and reports required to be filed by Section 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 practicable date: 23,168,287 shares as of May 14, 2004.

Transitional
Small Business Disclosure Format: (Check one):  Yes [  ] No [ X ]



# PART I-FINANCIAL
INFORMATION

# Item 1. Financial
Statements.

Registrants financial
statements are filed herewith following the signature page.

# Item 2.  Management's
Discussion and Analysis or Plan of Operation.

This Form 10-QSB, press releases and
certain information provided periodically in writing or orally by our officers or our
agents contain statements which constitute forward-looking statements within the meaning
of Section 27A of the Securities Act, as amended; Section 21E of the Securities Exchange
Act of 1934; and the Private Securities Litigation Reform Act of 1995. The words
may, would, could, will,
expect, estimate, anticipate, believe,
intend, plan, goal, and similar expressions and
variations thereof are intended to specifically identify forward-looking statements. These
statements appear in a number of places in this Form 10-QSB and include all statements
that are not statements of historical fact regarding the intent, belief or current
expectations of us, our directors or our officers, with respect to, among other things:
(i) our liquidity and capital resources; (ii) our financing opportunities and plans; (iii)
our ability to attract customers to generate revenues; (iv) market and other trends
affecting our future financial condition or results of operations; (v) our growth strategy
and operating strategy; and (vi) the declaration and/or payment of dividends.

Investors and prospective investors
are cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual results may differ
materially from those projected in the forward-looking statements as a result of various
factors. The factors that might cause such differences include, among others, those set
forth in Part I, Item 2 of this quarterly report on Form 10-QSB, entitled
Managements Discussion and Analysis or Plan of Operation, including without
limitation the risk factors contained in the Company's annual report on Form 10-KSB/A for the
period ending December 31, 2003. Except as required by law, we undertake no
obligation to update any of the forward-looking statements in this Form 10-QSB after the
date of this report.

General

Findex.com, Inc. (Findex
or the Company, and collectively referred to as we, us
or our, in each case as required by the context) is a developer, publisher,
and distributor/seller of off-the-shelf consumer and organizational software products. The
common thread among the Companys products is a customer constituency that shares a
devotion to or interest in Christianity and faith-based inspirational values.
We are focused on becoming the premier provider of Bible study and related faith-based
software products and content to the domestic and international markets through ongoing
internal development of new products, expansion and upgrade of existing products, and
strategic product line and/or corporate acquisitions and licensing.

Our religious software titles are
currently divided among the following six categories:

o  Bible Study        o  Financial/Office
Management Products for Churches and other Faith-Based Ministries        o  Print
& Graphic Products        o  Pastoral
Products        o  Children's
Products        o  Language
Tutorial Products.

1

Results
Of Operations

Our software products have a
significant seasonality to their revenues. More than 50% of our annual sales are expected
to occur in the five months of September through January; the five months of April through
August are generally expected to be the weakest, historically generating only about 33% of
our annual sales.

During the three months ended March
31, 2003 and 2004, we had a write down of obsolete inventory approximating $32,000 for
both periods, respectively. These write downs had no effect on the cash flow
statement. Our net income increased approximately $181,000 from a net income of
approximately $91,000 for the three months ended March 31, 2003 to a net income of
approximately $272,000 for the three months ended March 31, 2004. By excluding our
interest, taxes, depreciation, and amortization from net income, our EBITDA increased
approximately $276,000 from EBITDA earnings of approximately $173,000 for the three months
ended March 31, 2003 to EBITDA earnings of approximately $449,000 for the three months
ended March 31, 2004. These net income and EBITDA results include the write downs
noted above. Net of the write downs, our net income increased approximately
$181,000 from a net income of approximately $123,000 for the three months ended March 31,
2003 to a net income of approximately $304,000 for the three months ended March 31, 2004,
and our EBITDA increased approximately $277,000 from an EBITDA earnings of approximately
$205,000 for the three months ended March 31, 2003 to EBITDA earnings of approximately
$482,000 for the three months ended March 31, 2004.

Overall, interest expense for the
three months ended March 31, 2004 decreased by approximately $10,000 compared to the three
months ended March 31, 2003. This is due to the Company reducing its payroll liability by
continuously meeting its scheduled payments. Furthermore, the note liabilities interest
was reduced due to the reclassification of the note payable in the fourth quarter of 2003.
Amortization expense related to the software license decreased for the three months ended
March 31, 2004 compared to the three months ended March 31, 2003 as a result of the final
settlement with TLC, which extended the life of the license indefinitely. Amortization
expense related to the software development costs increased approximately $112,000 for the
three months ended March 31, 2004 compared to the three months ended March 31, 2003. This
is a direct result from QuickVerse® 8.0 shipping in late December 2003.

2

Revenues

We recognize software revenue net of
estimated returns and allowances for returns, price discounts and rebates, upon shipment
of product, which is when title passes, provided that collection of the resulting
receivable is probable and we have no significant obligations. Revenue from inventory out
on consignment is recognized when the consignee sells the product. Revenue associated with
advance payments from customers is deferred until products are shipped. Revenue for
software distributed electronically via the Internet is recognized upon delivery.

Product return reserves are based
upon a percentage of total retail and direct sales for the period and may increase or
decrease as actual returns are processed. Product returns or price protection concessions
that exceed our reserves could materially adversely affect our business and operating
results and could increase the magnitude of quarterly fluctuations in our operating and
financial results. Product returns from distributors and Christian bookstores are allowed
primarily in exchange for new products or for credit towards purchases as part of a
stock-balancing program. These returns are subject to certain limitations that may exist
in the contract that we have with them. Under certain circumstances, such as termination
or when a product is defective, distributors and bookstores could receive a cash refund if
returns exceed amounts owed. Returns from sales made directly to the consumer are accepted
within 45 days of purchase and are issued a cash refund.

Software products are sold
separately, without future performance such as upgrades or maintenance, and are sold with
post contract customer support (PCS) services, customer service and technical support
assistance. In connection with the sale of certain products, we provide a limited amount
of free technical support assistance to our customers. We do not defer the recognition of
revenue associated with sales of these products, since the cost of providing this free
technical support is insignificant. We accrue the estimated associated costs of providing
this free support upon product shipment. We also offer several plans under which customers
are charged for technical support assistance. For plans where we collect fees in advance,
we recognize revenue over the period of service, which is generally one year.

Shipping and handling costs in
connection with our software products are expensed as incurred and included in cost of
goods sold.

Gross revenues increased
approximately $540,000 from approximately $1,176,000 for the three months ended March 31,
2003 to approximately $1,716,000 for the three months ended March 31, 2004. Such increase
is due to the Companys release of an enhanced version of our flagship product,
QuickVerse®, in late fourth quarter of 2003 and the release of an enhanced
version of our top financial and data management product, Membership Plus®,
during the first quarter of 2004. Although there was a new product release during the
first quarter of 2003, the retail value of the product was significantly lower than the
QuickVerse® and Membership Plus®titles and ranged from
$19.95 to $29.95.

Sales returns and allowances
increased approximately $66,000 from approximately $112,000 for the three months ended
March 31, 2003 to approximately $178,000 for the three months ended March 31, 2004 and
slightly increased as a percentage of gross sales from approximately 9.6% for the three
months ended March 31, 2003 to approximately 10.4% for the three months ended March 31,
2004. The increase in sales returns and allowances as a percentage is attributable to
post-Christmas stock balancing by our secular customers and several of our CBA customers.

3

Cost
of Sales

Cost of sales consists primarily of
royalties to third party providers of intellectual property and the direct costs and
manufacturing overhead required to reproduce, package and ship the software products, and
the amortized software development costs. The direct costs and manufacturing overhead
increased from 14% of gross revenues in 2003 to 16% of gross revenues in 2004. The
increase resulted directly from amortization of software development costs. The
amortization recognized during the three months ended March 31, 2003 resulted from several
new software releases in 2003 and the continued amortization of those products released in
2002. Furthermore, the amortization increase for the three months ended March 31, 2004
corresponds with the December release of QuickVerse® 8.0. The direct costs
and manufacturing overhead percentage is expected to continue at the 2004 levels as
working capital remains more consistent and as more development projects are implemented.
Royalties to third party providers of intellectual property increased approximately
$29,000 from approximately $51,000 for the three months ended March 31, 2003 to
approximately $80,000 for the three months ended March 31, 2004. The royalty rate as a
percentage of gross revenues increased slightly from 4.3% of gross revenues in 2003 to
4.6% of gross revenues in 2004. The increase of royalties reflects the release of the
QuickVerse® 8.0 editions in late December 2003 and Membership
Plus® 8.0 in late January 2004.

Software development costs,
consisting primarily of direct and indirect labor and related overhead charges,
capitalized during the three months ended March 31, 2003 and 2004 were approximately
$66,000 and approximately $74,000, respectively. Accumulated amortization of these
development costs included in cost of sales totaled approximately $41,000 and
approximately $152,000 for the three months ended March 31, 2003 and 2004, respectively.
The increase in both the capitalization and amortization is a direct result of the
increase in the number of development projects.

|                                              | Three Months Ended
March 31,
|--------------------------------------------- | ----------------------------
|
|Beginning balance                             |                             
|Capitalized                                   |                             
|Amortized (cost of sales)                     |                             
|                                              |                             
|Ending balance                                |                             
|                                              |                             
|Research and development expense (General and |                             
|administrative)                               |                             

4

Sales,
General and Administrative

Sales expenses increased
approximately $53,000 from approximately $164,000 for the three months ended March 31,
2003 to approximately $217,000 for the three months ended March 31, 2004. Included in
Sales expenses, Commissions to a third-party telemarketing firm increased approximately
$43,000 as our sales focus to the direct consumer increased along with the number of new
and enhanced product releases during late 2003 and early 2004; Fulfillment costs from a
third-party warehouse increased approximately $23,000 as we had an increased amount of
retail sales during the three months ended March 31, 2004 due to the enhanced releases of
QuickVerse® and Membership Plus®; Advertising costs also
increased approximately $18,000 with the new and enhanced product releases, Rebates
decreased approximately $34,000 due to a change in estimate and Marketing and Customer
Service costs increased approximately $4,000 as we continue to expand our sales efforts
and focus more towards the consumer instead of the retail store.

Research and development costs
include salaries and benefits of personnel and third parties conducting research and
development of software products. Software development costs expensed as research and
development (see table above) amounted to approximately $16,000 for the three months ended
March 31, 2004 compared to approximately $68,000 incurred for the three months ended March
31, 2003. The decrease in 2004 reflects the early stages of new development projects for
the year of 2004. Research and development expenses are expected to increase in future
periods as we continue to add new products and Versions to our product mix.

Personnel costs increased
approximately $101,000 from approximately $295,000 for the three months ended March 31,
2003 to approximately $396,000 for the three months ended March 31, 2004. This increase is
primarily from the addition of staff members and the associated health care costs.
Furthermore, the capitalization of direct and indirect labor and related overhead charges
as software development costs (see Cost of Sales above) decreased by
approximately $15,000 from approximately $22,000 for the three months ended March 31, 2003
to approximately $7,000 for the three months ended March 31, 2004. This decrease is due to
the early stages of new development projects for the year 2004. It is anticipated that
personnel costs will increase in future periods as operating capital is available to fund
full staffing of our product development team and expansion of the technical support and
direct marketing staff.

Legal costs increased approximately
$5,000 as the disputes with TLC and Zondervan were finalized in March 2004. Rent expense
slightly increased as we opened a new product development facility located in Naperville,
IL. Travel costs increased approximately $2,000 as we increased our sales staff and our
sales efforts to our retail customers as new product lines and enhancements were
introduced during late 2003 and early 2004. Telecommunication costs increased
approximately $25,000 from approximately $18,000 for the three months ended March 31, 2003
to approximately $43,000 for the three months ended March 31, 2004. This increase results
from an increase in technical support calls and customer service calls due to the two new
major product releases in late December 2003 and early 2004. Bad debt expense increased
approximately $3,000 during 2004 due to the increased amount of outstanding accounts
receivable.

Obsolete Inventory

The Company wrote-off obsolete inventory with a carried cost totaling approximately $32,000 during the three
months ended March 31, 2003 and approximately $32,000 during the three months ended March 31, 2004. The 2003
classification as a nonrecurring item has been recast as a recurring item for 2004 and comparative purposes.

Amortization

Amortization of the software license
decreased approximately $14,000 from approximately $14,000 for the three months ended
March 31, 2003 to $0 for the three months ended March 31, 2004. Upon final settlement with
The Learning Company in October of 2003, the ownership of the Licensed Media, Programs, or
Trademarks transferred from TLC to Findex. This effectively changed the substance from an
amortizable intangible asset with a finite useful life to an unamortizable intangible
asset with an indefinite useful life. Amortization expense, determined using the
straight-line method, was calculated through the settlement date of October 20, 2003.

5

Income
Tax Benefits

Our effective tax rate differs from
the statutory federal rate due to differences between income and expense recognition
prescribed by the Internal Revenue Code and Generally Accepted Accounting Principles. We
utilize different methods and useful lives for depreciating property and equipment.
Amortization of the software license agreement is on a straight-line basis over the
estimated useful life for financial reporting while deductible when paid for income tax
purposes. Changes in estimates (reserves) are recognized as expense for financial
reporting but are not deductible for income tax purposes.

We have recognized a net deferred tax
asset whose realization depends on generating future taxable income. Because of this
uncertainty, we have recorded a valuation allowance to offset the net deferred tax asset.
The resulting deferred tax liability reflects income taxes payable in future periods on
the net deductible differences related to the software license agreement. We currently
have net operating loss carryforwards, for income tax purposes, of approximately
$8,400,000. The carryforwards are the result of income tax losses generated in 2000
($2,973,000 expiring in 2020), 2001 ($5,191,000 expiring in 2021) and 2002 ($236,000
expiring in 2022). We will need to achieve a minimum annual taxable income, before
deduction of operating loss carryforwards, of approximately $442,000 to fully utilize the
current loss carryforwards. We believe this is achievable through continued careful
expense management and introduction of new products and enhanced Versions of our existing
products.

Management expects the deductible
temporary differences (reserves) to reverse sometime beyond the next fiscal year.

Liquidity
and Capital Resources

To date, Findex has funded its
purchase of the Parsons Church Division primarily through operations. Since inception, we
have raised approximately $2,250,000 in net proceeds from equity financings to fund the
acquisition and working capital needs. We have focused on fulfilling the software license
obligation and have been unable to meet our royalty and trade debt obligations. In
addition, the dispute with TLC over specific performance provisions of and payments due on
the TLC Distribution Agreement has also lead to the shortage of working capital.

As of March 31, 2004, Findex had
$771,389 in current assets, $3,293,834 in current liabilities and a retained deficit of
$7,573,076. These factors continue to create an uncertainty about our ability to continue
as a going concern. We had net income before income taxes of $273,055 for the three months
ended March 31, 2004.

Net cash provided by operating
activities was approximately $85,000 and approximately $82,000 for the three months ended
March 31, 2003 and 2004, respectively.

Net cash used in investing activities
was approximately $82,000 and $92,000 for the three months ended March 31, 2003 and 2004,
respectively. The increase in cash used for investing activities results form capitalizing
costs associated with software development and upgrading our website to expand our
e-commerce capability.

6

Net cash used by financing activities
was approximately $2,000 and approximately $1,000 for the three months ended March 31,
2003 and 2004, respectively. Cash used by financing activities reflects proceeds from our
accounts receivable line of credit and payments made on debt obligations.

On March 19, 2001, we entered into an
Accounts Receivable Financing Agreement with Alliance Financial Capital, Inc.
(AFC). Pursuant to this agreement, AFC agrees to purchase selected accounts
receivable on a discounted basis, including, without limitation, full power to collect,
compromise, sue for, assign, or in any manner enforce collection thereof. The agreement
provides for advances of 60% toward the purchase of the invoices with a credit line of
$250,000. The terms call for 40% to be held in a reserve account from the collection of
each invoice. Invoices not paid by the customer within 90 days of shipment are required to
be repurchased by us out of the reserve account. The agreement carries a 12-month term
with a minimum monthly fee equal to one half of one percent (.5%). The term renews
automatically in 12-month increments unless a written request for termination is received
by AFC at least 30 days before the renewal date. During the three months ended March 31,
2004, we transferred accounts receivable totaling $189,459 to a lender for cash advances
of $112,673. As accounts are paid, the collected funds (less the amount advanced and
appropriate fees) are disbursed to the Company. The transfer agreement includes a
repurchase requirement and, accordingly, the proceeds were accounted for as a secured
borrowing. At March 31, 2004, the balance of receivables transferred and included in trade
receivables was $62,807. The remaining secured borrowing balance of $37,541 is included in
accrued expenses.

We do not currently have adequate
funds available to fund our operations over the next twelve months. In order to maintain
the current level of operations, we will need to secure additional funding sources to meet
its operating expenses. Such funding sources may include, but are not limited to, funding
pursuant to private placements of common or convertible equities, placement of debt with
banks, private or public investors, or other lending institutions.

Although there can be no assurance,
we believe that through a combination of outside sources of capital and revenues generated
from direct-to-consumer sales, we will have sufficient sources of capital to meet our
operating needs. However, any substantial delays in receipt of or failure to obtain such
capital and delays in product releases will prevent us from operating as a going concern,
given our limited revenues and capital reserves.

# Item 3. Controls and
Procedures.

# (a) Evaluation of
Disclosure Controls and Procedures.

Based on their most recent evaluation
of our disclosure controls and procedures, which was completed within 90 days of the
filing of this Form 10-QSB, the Companys Chief Executive Officer and Chief Financial
Officer have concluded that our disclosure controls and procedures (as defined in Exchange
Act Rules 13a-14(c) and 15d-14(c) promulgated under the Securities Exchange Act of 1934,
as amended) are effective.

7

# (b) Changes In Internal Controls Over Financial Reporting

There have been no changes in the Company's internal
controls over financial reporting during the fiscal quarter ended March 31, 2004 that have materially
affected, or which are reasonably likely to materially affect, the Company's internal controls over financial reporting.

8

# PART II-OTHER
INFORMATION

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

(a)     Exhibits

| | No. | Description
of Exhibit
| | --- | ----------------------

| | 3.1 | Articles
of  Incorporation  of  Findex.com,  Inc.,  incorporated  by reference to Exhibit 3.1 on
Form 8-K filed March 15, 2000.
| | --- | -------------------------------------------------------------------------------------------------------------------------------

| | 3.2 | By-Laws
of Findex.com, Inc., incorporated by reference to Exhibit 3.2 on Form 8-K filed March 15,
2000.
| | --- | -------------------------------------------------------------------------------------------------------

| | 10.1 | Stock
 Incentive Plan of  Findex.com,  Inc.  dated May 07, 1999,  incorporated  by reference to
Exhibit 10.1 on Form 10-KSB/A filed May 13, 2004.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.2 | Share
Exchange Agreement between Findex.com, Inc. and the shareholders of Reagan Holdings Inc.,
dated March 07, 2000, incorporated by reference to Exhibit 2.1 on Form 8-K filed March
15, 2000.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.3 | License
Agreement between  Findex.com,  Inc. and Parsons  Technology,  Inc. dated June 30, 1999,
 incorporated by reference to Exhibit 10.3 on Form 10-KSB/A filed May 13, 2004.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.4 | Employment
 Agreement  between  Findex.com,  Inc.  and Steven  Malone dated July 25,  2003,
 incorporated  by reference to Exhibit 10.4 on Form 10-KSB/A filed May 13, 2004.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.5 | Employment
 Agreement  between  Findex.com,  Inc.  and Kirk  Rowland  dated July 25,  2003,
 incorporated  by reference to Exhibit 10.5 on Form 10-KSB/A filed May 13, 2004.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.6 | Employment
 Agreement  between  Findex.com,  Inc. and William  Terrill  dated June 7, 2002,
 incorporated  by reference to Exhibit 10.6 on Form 10-KSB/A filed May 13, 2004.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.7 | Restricted
Stock Compensation Agreement between Findex.com, Inc. and John A. Kuehne dated July 25,
2003, incorporated by reference to Exhibit 10.7 on Form 10-KSB/A filed May 13, 2004.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.8 | Restricted
 Stock  Compensation  Agreement  between  Findex.com,  Inc. and Henry M. Washington
 dated July 25, 2003, incorporated by reference to Exhibit 10.8 on Form 10-KSB/A filed
May 13, 2004.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.9 | Restricted
Stock Compensation Agreement between Findex.com, Inc. and William Terrill dated July 25,
2003, incorporated by reference to Exhibit 10.9 on Form 10-KSB/A filed May 13, 2004.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 31.1 | Certification
 of Findex.com,  Inc. Chief  Executive  Officer,  Steven Malone,  required by Rule
13a-14(a) or Rule 15d-14(a), and dated May 17, 2004. FILED HEREWITH.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 31.2 | Certification
of Findex.com,  Inc. Chief Financial Officer,  Kirk Rowland,  required by Rule 13a-14(a)
or Rule 15d-14(a), and dated May 17, 2004. FILED HEREWITH.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 32.1 | Certification
of Findex.com, Inc. Chief Executive Officer, Steven Malone, required by Rule 13a-14(a) or
Rule 15d-14(a) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18
U.S.C. 1350), and dated May 17, 2004. FILED HEREWITH.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 32.2 | Certification
of Findex.com, Inc. Chief Financial Officer, Kirk Rowland, required by Rule 13a-14(a) or
Rule 15d-14(a) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18
U.S.C. 1350), and dated May 17, 2004. FILED HEREWITH.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(b) | Reports
on Form 8-K filed during the three months ended March 31, 2004:
|--- | -----------------------------------------------------------------------

| | None. | 
| | ----- | 

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.

FINDEX.COM, INC.

|Date: May 17, 2004
                  
                  
Date: May 17, 2004 | /s/ Steven Malone
Steven Malone
President & Chief Executive Officer/s/ Kirk Rowland
Kirk Rowland, CPA
Chief Financial Officer
|--------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------

9

# FindEx.com, Inc. CONDENSED CONSOLIDATED
BALANCE SHEETS

|                                                        | (Unaudited)
March 31, 2004 | December 31, 2003 |  
|------------------------------------------------------- | -------------------------- | ----------------- | -
|ASSETS                                                  |                            |                   |  
|CURRENT ASSETS                                          |                            |                  
|Cash and cash equivalents                               |                            |                  
|Unrestricted cash (overdraft)                           |                            |                   | $
|Restricted cash                                         |                            |                   |  
|                                                        |                            |                   |  
|Total cash and cash equivalents                         |                            |                   |  
|Accounts receivable, trade                              |                            |                   |  
|Inventories (Note 2)                                    |                            |                   |  
|Other current assets                                    |                            |                   |  
|                                                        |                            |                   |  
|TOTAL CURRENT ASSETS                                    |                            |                   |  
|                                                        |                            |                   |  
|PROPERTY AND EQUIPMENT, net                             |                            |                   |  
|                                                        |                            |                   |  
|OTHER ASSETS                                            |                            |                  
|Software license, net                                   |                            |                   |  
|Capitalized software development costs, net (Note 1)    |                            |                   |  
|Other assets                                            |                            |                   |  
|                                                        |                            |                   |  
|TOTAL OTHER ASSETS                                      |                            |                   |  
|                                                        |                            |                   |  
|TOTAL ASSETS                                            |                            |                   | $
|                                                        |                            |                   |  
|LIABILITIES AND STOCKHOLDERS' EQUITY                    |                            |                  
|CURRENT LIABILITIES                                     |                            |                  
|Notes payable (Note 3)                                  |                            |                   | $
|Current maturities of long-term notes payable (Note 4)  |                            |                   |  
|Accrued royalties                                       |                            |                   |  
|Accounts payable                                        |                            |                   |  
|Rebates payable                                         |                            |                   |  
|Payroll taxes payable                                   |                            |                   |  
|Other current liabilities                               |                            |                   |  
|                                                        |                            |                   |  
|TOTAL CURRENT LIABILITIES                               |                            |                   |  
|                                                        |                            |                   |  
|LONG-TERM LIABILITIES                                   |                            |                  
|Long-term notes payable (Note 4)                        |                            |                   |  
|Non-current deferred taxes                              |                            |                   |  
|                                                        |                            |                   |  
|TOTAL LONG-TERM LIABILITIES                             |                            |                   |  
|                                                        |                            |                   |  
|STOCKHOLDERS' EQUITY                                    |                            |                  
|Preferred stock, Series A, $.001 par value, 5,000,000   |                            |                  
|shares authorized, 11,400 shares issued and outstanding |                            |                   |  
|Preferred stock, Series B, $.001 par value, 5,000,000   |                            |                  
|shares authorized, 40,000 shares issued and outstanding |                            |                   |  
|Common stock, $.001 par value, 50,000,000 shares        |                            |                  
|authorized, 21,011,438 shares issued and outstanding    |                            |                   |  
|Paid-in capital                                         |                            |                   |  
|Retained (deficit)                                      |                            |                   |  
|                                                        |                            |                   |  
|TOTAL STOCKHOLDERS' EQUITY                              |                            |                   |  
|                                                        |                            |                   |  
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY              |                            |                   | $
|                                                        |                            |                   |  

# The accompanying notes are
an integral part of these financial statements.

F-1

# FindEx.com, Inc. CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND RETAINED DEFICITFOR THE THREE MONTHS ENDED MARCH 31, (UNAUDITED)

|                                         | 2004 | 2003
|---------------------------------------- | ---- | ----
|REVENUES, net of reserves and allowances |      |     
|COST OF SALES                            |      |     
|                                         |      |     
|GROSS PROFIT                             |      |     
|                                         |      |     
|                                         |      |     
|OPERATING EXPENSES                       |      |     
|Sales                                    |      |     
|General and administrative               |      |     
|Obsolete inventory write-off (Note 5 )   |      |     
|Bad debt expense                         |      |     
|Amortization expense                     |      |     
|Depreciation expense                     |      |     
|                                         |      |     
|TOTAL OPERATING EXPENSES                 |      |     
|                                         |      |     
|                                         |      |     
|EARNINGS FROM OPERATIONS                 |      |     
|OTHER INCOME (EXPENSES)                  |      |     
|                                         |      |     
|NET INCOME BEFORE INCOME TAXES           |      |     
|INCOME TAXES (Note 6)                    |      |     
|                                         |      |     
|                                         |      |     
|NET INCOME                               |      |     
|                                         |      |     
|                                         |      |     
|RETAINED DEFICIT AT BEGINNING OF YEAR    |      |     
|As previously reported                   |      |     
|Prior period adjustment (Note 7)         |      |     
|                                         |      |     
|                                         |      |     
|As restated                              |      |     
|                                         |      |     
|                                         |      |     
|RETAINED DEFICIT AT END OF PERIOD        |      |     
|                                         |      |     
|                                         |      |     
|NET EARNINGS PER SHARE (Note 8)          |      |     
|Basic                                    |      |     
|                                         |      |     
|Diluted                                  |      |     
|                                         |      |     
|WEIGHTED NUMBER OF SHARES OUTSTANDING    |      |     
|Basic                                    |      |     
|                                         |      |     
|Diluted                                  |      |     
|                                         |      |     

# The accompanying notes
are an integral part of these financial statements.

F-2

# FindEx.com, Inc. CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWSFOR THE THREE MONTHS ENDED MARCH 31, (UNAUDITED)

|                                                                     | 2004 | 2003
|-------------------------------------------------------------------- | ---- | ----
|CASH FLOWS FROM OPERATING ACTIVITIES                                 |      |     
|Cash received from customers                                         |      |     
|Cash paid to suppliers and employees                                 |      |     
|Other operating activities, net                                      |      |     
|                                                                     |      |     
|                                                                     |      |     
|NET CASH PROVIDED BY OPERATING ACTIVITIES                            |      |     
|                                                                     |      |     
|CASH FLOWS FROM INVESTING ACTIVITIES                                 |      |     
|Software development costs                                           |      |     
|Other investing activities, net                                      |      |     
|                                                                     |      |     
|                                                                     |      |     
|NET CASH (USED) BY INVESTING ACTIVITIES                              |      |     
|                                                                     |      |     
|CASH FLOWS FROM FINANCING ACTIVITIES                                 |      |     
|Proceeds from line of credit, net                                    |      |     
|Payments made on long-term debt                                      |      |     
|                                                                     |      |     
|                                                                     |      |     
|NET CASH (USED) BY FINANCING ACTIVITIES                              |      |     
|                                                                     |      |     
|                                                                     |      |     
|NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                 |      |     
|CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                       |      |     
|                                                                     |      |     
|CASH AND CASH EQUIVALENTS, END OF PERIOD                             |      |     
|                                                                     |      |     
|RECONCILIATION OF NET INCOME TO CASH FLOWS FROM OPERATING ACTIVITIES |      |     
|Net income                                                           |      |     
|Adjustments to reconcile net income to net cash                      |      |     
|provided by operating activities:                                    |      |     
|Depreciation & amortization                                          |      |     
|Provision for bad debts                                              |      |     
|Software development costs amortized                                 |      |     
|Change in assets and liabilities:                                    |      |     
|(Increase) decrease in accounts receivable                           |      |     
|Decrease in refundable income taxes                                  |      |     
|Decrease in inventories                                              |      |     
|(Increase) decrease in prepaid expenses                              |      |     
|(Decrease) in accounts payable                                       |      |     
|Increase (decrease) in deferred taxes                                |      |     
|Increase (decrease) in accrued royalties                             |      |     
|(Decrease)  in other liabilities                                     |      |     
|                                                                     |      |     
|                                                                     |      |     
|NET CASH PROVIDED BY OPERATING ACTIVITIES                            |      |     
|                                                                     |      |     

# The accompanying notes
are an integral part of these financial statements.

F-3

FindEx.com, Inc.NOTES TO CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS March 31, 2004 (UNAUDITED)

NOTE 1  BASIS OF
PRESENTATION

The accompanying unaudited condensed
consolidated financial statements have been prepared in accordance with generally accepted
accounting principles for interim financial information and with the instructions to Form
10-QSB and Item 310 of Regulation S-B. Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting principles for
complete financial statements. The accompanying unaudited condensed consolidated financial
statements reflect all adjustments that, in the opinion of management, are considered
necessary for a fair presentation of the financial position, results of operations, and
cash flows for the periods presented. The results of operations for such periods are not
necessarily indicative of the results expected for the full fiscal year or for any future
period. The accompanying financial statements should be read in conjunction with the
audited consolidated financial statements of Findex.com, Inc. included in our Form
10-KSB/A for the fiscal year ended December 31, 2003.

Inventory

Inventory, including out on
consignment, consists primarily of software media, manuals and related packaging materials
and is recorded at the lower of cost or market value, determined on a first-in, first-out
basis and adjusted on a per-item basis.

Software Development Costs

In accordance with SFAS No. 86,
Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed,
software development costs are expensed as incurred until technological feasibility has
been established, at which time such costs are capitalized until the product is available
for general release to customers. Capitalized costs are amortized on a product-by-product
basis using the greater of the straight-line method over the estimated product life or on
the ratio of current revenues to total projected product revenues. The Company generally
considers technological feasibility is established with the release of a beta version for
testing. Total capitalized software development costs of current releases at March 31,
2004 were $1,072,979, less accumulated amortization of $566,858. Research and development
costs incurred and charged to expense were $16,174 and $67,791 for the three months ended
March 31, 2004 and 2003, respectively.

|                                                                               | 
|------------------------------------------------------------------------------ | 
|NOTE 2 - INVENTORIESAt March 31, 2004, inventories consisted of the following: | 
|                                                                               | 
|Raw materials                                                                  | 
|Finished goods                                                                 | 
|                                                                               | 
|                                                                               | 
|                                                                               | 

F-4

|NOTE 3 - NOTES PAYABLE                                                                    |  | 
|----------------------------------------------------------------------------------------- |  | 
|                                                                                          |  | 
|At March 31, 2004, notes payable consisted of the following:                              |  | 
|                                                                                          |  | 
|Note payable to a corporation, due May 31, 2003, with interest compounded monthly at 1.5% |  | 
|Unsecured.  Convertible at the option of the holder into 660,000 restricted common shares |  | 
|                                                                                          |  | 
|Note payable to a corporation, due May 31, 2003, with interest compounded monthly at 1.5% |  | 
|Unsecured.  Convertible at the option of the holder into 660,000 restricted common shares |  | 
|                                                                                          |  | 
|Note payable to a corporation, due May 31, 2003, with interest compounded monthly at 1.5% |  | 
|Unsecured.  Convertible at the option of the holder into 460,000 restricted common shares |  | 
|                                                                                          |  | 
|                                                                                          |  | 
|                                                                                          |  | 
|NOTE 4 - LONG-TERM NOTES PAYABLE                                                          |  | 
|                                                                                          |  | 
|At March 31, 2004, long-term notes payable consisted of the following:                    |  | 
|                                                                                          |  | 
|Unsecured term note payable to a corporation due October 2004 in monthly                  |  | 
|installments of $5,285, including interest at 8%                                          |  | 
|                                                                                          |  | 
|Term note payable to a corporation due December 2005 in monthly installments              |  | 
|of $6,833, including interest at 8%.  Secured by inventory                                |  | 
|                                                                                          |  | 
|                                                                                          |  | 
|Less current maturities                                                                   |  | 
|                                                                                          |  | 
|                                                                                          |  | 
|                                                                                          |  | 
|Principal maturities at March 31, 2004 are as follows:                                    |  | 
|2005                                                                                      |  | 
|2006                                                                                      |  | 
|                                                                                          |  | 
|                                                                                          |  | 
|                                                                                          |  | 

NOTE 5 
OBSOLETE INVENTORY WRITE-OFF

APB Opinion No. 30 requires material
events or transactions that are either unusual or infrequent, but not both, to be
presented in the income statement as separate elements of income from continuing
operations.

During the periods ended March 31,
2004 and 2003, the Company wrote-off obsolete inventory with a carried cost totaling
$32,396 and $31,892, respectively. These have been recognized as an expense.

F-5

NOTE 6  INCOME TAXES

The provision for taxes on income for
the three months ended March 31 consisted of the following:

|                            | 2004 | 2003
|--------------------------- | ---- | ----
|Current:                    |      |     
|Federal                     |      |     
|State                       |      |     
|Deferred:                   |      |     
|Federal                     |      |     
|State                       |      |     
|                            |      |     
|                            |      |     
|                            |      |     
|Total tax (expense) benefit |      |     
|                            |      |     

The reconciliation of income tax computed
at statutory rates of income tax expense is as follows:

|                                        | 
|--------------------------------------- | 
|Expense at Federal statutory rate - 34% | 
|State tax effects                       | 
|Nondeductible expenses                  | 
|Taxable temporary differences           | 
|Deductible temporary differences        | 
|Deferred tax asset valuation allowance  | 
|                                        | 
|Income tax expense                      | 
|                                        | 

NOTE 7  PRIOR
PERIOD ADJUSTMENT

During the period ended March 31,
2004, the Company adjusted retained earnings to reflect the correction of an error in
recording our liability for product rebates. During the year ended December 31, 2000, the
Company discontinued the use of a third-party to process rebate claims. Rebate program
details were obtained from the third party and a liability recorded for the unpaid rebate
claims. It was recently discovered that the unpaid rebate claims were duplicated between
reports received from the third party processor and the liability recorded upon the
Companys assumption of the rebate claim fulfillment. The adjustment decreased
accounts payable by $98,947, decreased deferred tax assets by $39,451, increased the
deferred tax asset valuation allowance by $39,451, and decreased the accumulated deficit
by $98,947.

NOTE 8  EARNINGS
PER COMMON SHARE

Earnings per common share are
computed by dividing net income by the weighted average number of common shares and common
stock equivalents outstanding during the year. Common stock equivalents are the net
additional number of shares that would be issuable upon the exercise of the outstanding
common stock options and warrants, assuming that the Company reinvested the proceeds to
purchase additional shares at market value. A total of 4,075,283 and 4,678,450 potentially
dilutive securities for the three months ended March 31, 2004 and 2003, respectively, have
been excluded from the computation of diluted earnings per share, as their inclusion would
be anti-dilutive.

F-6

The following table shows the amounts
used in computing earnings per share and the effect on income and the average
number of shares of dilutive potential common stock:

|Three months ended March 31                 | 2004 | 2003
|------------------------------------------- | ---- | ----
|Net Income                                  |      |     
|Preferred stock dividends                   |      |     
|                                            |      |     
|Net income available to common shareholders |      |     
|                                            |      |     
|Basic weighted average shares outstanding   |      |     
|Dilutive effect of:                         |      |     
|Stock options                               |      |     
|Convertible notes payable                   |      |     
|Convertible preferred series A              |      |     
|Convertible preferred series B              |      |     
|Warrants                                    |      |     
|                                            |      |     
|Diluted weighted average shares outstanding |      |     
|                                            |      |     
|Earnings per share:                         |      |     
|Basic                                       |      |     
|                                            |      |     
|Diluted                                     |      |     
|                                            |      |     

NOTE 9  COMMITMENTS
AND CONTINGENCIES

The Company is subject to legal
proceedings and claims that arise in the ordinary course of its business. In the opinion
of management, the amount of ultimate liability with respect to these actions will not
materially affect the financial position of the Company.

On November 14, 2001, The Zondervan
Corporation elected to enforce a court order and served notice that we cease selling,
marketing and manufacturing all products containing their copyrighted material. We are
abiding by the court order and are no longer shipping products containing Zondervans
copyrighted material.

The Company previously reached
tentative settlement in a dispute with The Learning Company over various provisions of
several agreements, including the software license agreement. Disposition of this
tentative settlement was contingent upon settlement of negotiations with The Zondervan
Corporation.

In March 2004, the Company finalized
the settlement with The Zondervan Corporation and The Learning Company. The Settlement
Agreement was effective October 20, 2003 and calls for FindEx to pay Zondervan a total of
$500,000, plus 5% simple interest, in installments of $150,000, plus interest, due
November 15, 2003 and January 30, 2004 (which have been paid), and installments of
$100,000, plus interest, due April 30, 2004 (which has been paid) and July 30, 2004. This
agreement is secured by all rights, title and interest in QuickVerse® together will
all proceeds produced by QuickVerse®. In addition, the Agreement provides for the
transfer of ownership of QuickVerse®, including; (i) the object and source code, and
(ii) patents, trademarks, trade names, etc., from TLC to FindEx.

F-7

On February 28, 2003, the Internal
Revenue Service approved the Companys request to pay back payroll taxes in monthly
installments of $10,000 through May 5, 2003. This was extended through January 5, 2004.
The monthly installments increase to $45,000 beginning February 5, 2004 and continuing
through July 5, 2004. In April 2004, the Internal Revenue Service approved the
Companys request to reduce the monthly installments from $45,000 to $20,000
beginning May 5, 2004.

NOTE 10  RISKS AND
UNCERTAINTIES

The Companys future operating
results may be affected by a number of factors. The Company is dependent upon a number of
major inventory and intellectual property suppliers. If a critical supplier had
operational problems or ceased making material available to the Company, operations could
be adversely affected. The Company is also dependent upon a few major customers. If any of
these customers experienced operational problems or ceased placing orders with the
Company, operations could also be adversely affected.

NOTE 11  GOING
CONCERN

The accompanying financial statements
have been prepared assuming the Company will continue as a going concern. The Company has
a negative current ratio and total liabilities in excess of total assets. Those factors,
as well as uncertainty in securing financing for continued operations, create an
uncertainty about the Companys ability to continue as a going concern. Management of
the Company has developed a plan to reduce its liabilities through sales of new releases
of the Companys flagship software titles. The ability of the Company to continue as
a going concern is dependent on the acceptance of the plan by the Companys creditors
and the plans success. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty.

NOTE 12  SUBSEQUENT
EVENTS

In April 2004, the Company committed
to issue a total of 1,519,349 common shares to executive management in lieu of cash as
payment of their 2003 accrued performance bonus. The Company also committed to issue
637,500 common shares to non-executive employees. Both are subject to a one-year lockup
agreement.

In April 2004, the Company committed
to issue a warrant to purchase 150,000 common shares at $.022 per share to a law firm for
corporate legal services. This warrant will be currently exercisable and will expire in
April 2009.

F-8