U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

For the quarterly period ended March 31, 2001

For the transition period from                          to                         

Commission File Number 0-29781

AMERICABILIA.COM, INC.
(Exact name of registrant as specified in its charter)

150 CASSIA WAY, SUITE 400, HENDERSON, NEVADA 89014
(Address of principal executive offices)

702-914-8411
(Issuer's telephone number)

Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

    Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 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 / /

    As of May 10, 2001, the Company had 6,669,192 shares of its $.001 par value common stock issued and outstanding.

PART I—FINANCIAL INFORMATION

Item 1.        Financial Statements (Unaudited)

2

americabilia.com, Inc. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

MARCH 31, 2001 AND DECEMBER 31, 2000

See accompanying notes to condensed consolidated financial statements.

F–1

americabilia.com, Inc. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2001 AND 2000

See accompanying notes to condensed consolidated financial statements.

F–2

americabilia.com, Inc. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2001

See accompanying notes to condensed consolidated financial statements.

F–3

americabilia.com, Inc. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2001 AND 2000

See accompanying notes to condensed consolidated financial statements.

F–4

americabilia.com, Inc. AND SUBSIDIARY

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1.  NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

    The accompanying unaudited financial statements include the condensed consolidated accounts of americabilia, com, Inc. together with its subsidiaries (collectively referred to herein as the "Company"). All material intercompany balances and transactions have been eliminated. These statements have been prepared in conformity with accounting principles generally accepted in the United States of America and used in preparing the Company's annual audited consolidated financial statements but do not contain all of the information and disclosures that would be required in a complete set of audited financial statements. They should, therefore, be read in conjunction with the Company's audited consolidated financial statements and related notes thereto for the year ended December 31, 2000. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial results for the interim periods presented.

2.  STOCKHOLDERS' EQUITY—EARNINGS PER SHARE

    Basic EPS is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by common and common equivalent shares outstanding for the period. Options to purchase common stock, whose exercise price was greater than the average market price for the period, have been excluded from the computation of diluted EPS. For the three months ended March 31, 2001 and 2000, there were no dilutive options, as the options would have been anti-dilutive due to the net loss for the periods.

3.  INCOME TAXES

    Statement of Financial Accounting Standards No. 109 requires a valuation allowance to be recorded when it is more likely than not that some or all of the deferred tax assets will not be realized. A valuation allowance has been established on the deferred tax asset at March 31, 2001 and December 31, 2000 due to the uncertainties associated with realizing such assets in the future.

4.  DEBT

    The Company extended its $350,000 line of credit to July 2001. The line of credit bears interest at nine percent and must be paid in full for at least 30 days during any 12-month period.

5.  SHAREHOLDER LOANS

    Notes payable to the Company's Chairman of the Board and President in the aggregate principal amount of $33,939 which were due in March 2001 have been extended to December 31, 2001. Significantly all of the Company's loans payable to officers are maturing beginning in the first quarter of 2002. The Company is exploring strategies regarding refinancing of this debt which includes extending the maturity dates.

6.  RECLASSIFICATIONS

    Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the March 31, 2001 presentation. These reclassifications had no effect on the Company's net income.

F–5

7.  SEGMENT REPORTING

    The Company has two reportable segments based upon products offered: retail sales and corporate operations, and wholesale distribution and manufacturing.

    At March 31, 2001, the Company changed its management review process for segment operations as a result of the merger of Unique Images into Worldwide Collectibles in January 2001. The Company now reviews each segment's performance based on segment gross profit. Due to this change, the corresponding prior year data has been restated to reflect the current review process. The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies in the Company's Form 10-K.

    Information pertaining to the operations of reportable segments is as follows:

    Significantly all (over 95 percent) of the Company's sales are in the United States.

******

F–6

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

OVERVIEW

    The following discussion should be read in conjunction with, and is qualified in its entirety by our unaudited consolidated financial statements as of and for the three months ended March 31, 2001 and 2000. The period from January 1, 2000 through March 31, 2000 is referred to herein as the "March 2000 quarter" while the period from January 1, 2001 through March 31, 2001 is referred to herein as the "March 2001 quarter".

REVENUES

    The Company's revenues increased $380,835 from $387,373 in the March 2000 quarter to $768,208 in the March 2001 quarter. The increase is due to attaining several new key customers and improved sales to existing customers. In the March 2001 quarter, sales in the Retail and Corporation segment were $171,803 compared to $130,638 for the March 2000 quarter. Sales in the Wholesale Distribution and Manufacturing segment for the March 2001 quarter were $596,405 compared to $256,735 for the March 2000 quarter.

EXPENSES

    Costs of sales in the March 2001 quarter were $472,709, or 61.5% of sales compared to $309,132 or 79.8% of sales in the March 2000 quarter. This decrease was a result of a change in the mix of goods sold to higher margin goods.

    General and administrative expenses increased $49,552 from $194,005 in the March 2000 quarter to $243,557 in the March 2001 quarter due to the Company adding staff to support increased sales.

    Marketing expenses increased by $16,423 in the March 2001 quarter from $20,337 in the March 2000 quarter as the Company increased its sales of product sold on the eBay web site. Each product sold on eBay generates a marketing fee to the Company. Marketing expenses as a percentage of revenues remained level at 5% for both quarters. Several officers of the Company were not receiving salaries in the March 2000 quarter. Contributed salary expense of $20,000 has been recognized in the form of contributed capital during the March 2000 quarter. No contributed salary expenses was recognized during the March 2001 quarter.

OTHER INCOME (EXPENSE)

    Interest expense in the March 2001 quarter was $30,106 due to debt carried by the Company that did not exist in the March 2000 quarter. Interest and other income for the March 2001 quarter was $4,295 due to available and interest bearing cash in the March 2001 quarter that did not exist in the March 2000 quarter as well as interest earned on the loans to shareholders of $2,281. Loans to shareholders relates to stock issued in exchange for loans receivable in 1999.

LOANS FROM RELATED PARTIES

    Notes payable to the Company's Chairman of the Board and President in the aggregate principal amount of $33,939 which were due in March 2001 have been extended to December 31, 2001.

NET LOSS

    The Net Loss in the March 2001 quarter compared to the March 2000 quarter decreased by $123,883 from $158,179 to $34,296 due to additional sales, net of direct costs, in fiscal 2001 compared to fiscal 2000 and as a result of corporate operations.

3

LIQUIDITY AND CAPITAL RESOURCES

    At March 31, 2001, the Company had cash and cash equivalents of $60,250. The Company had working capital of $360,878 and stockholders' equity of $694,640. Cash decreased by $87,170 during the March 2001quarter as compared to December 31, 2000. The decrease was primarily a result of inventory purchases of $43,970 and the loss from operations of $34,296.

    Cash flow from future operations is expected to be sufficient to pay operating costs of the Company during the remainder of fiscal 2001. However the Company expects to raise additional funds through a combination of private placements, public offerings of its stock or bank loans in order to expand operations and increase its technical infrastructure and inventory. However, there can be no assurance that any additional financing, if needed to meet liquidity needs, will be available to the Company on favorable terms or at all. There can be no assurance that the Company's estimate of foreseeable liquidity needs is accurate or that no new business developments or other unforeseen events will not occur, any of which could result in the need to raise additional funds. The Company expects that the adequacy of its operating cash flow will depend upon:

•

customer acceptance of its products;



•

the continued development of the Internet market as a source for its products;



•

the intensity of competition;



•

the efficiency of operations;



•

the depth of customer demand, and the effectiveness of its marketing and promotional efforts.

    Significantly all of the Company's loans payable to officers are maturing beginning in the first quarter of 2002. The Company is exploring strategies regarding refinancing of this debt which includes extending the maturity dates.

RECENTLY ADOPTED ACCOUNTING STANDARDS

    The Financial Accounting Standards Board recently issued FAS No. 133, "Accounting for Derivatives" which was effective for the Company on January 1, 2001. The Company adopted this pronouncement on January 1, 2001. The adoption had no effect on the financial statements or results of operations.

FORWARD-LOOKING STATEMENTS

    The Private Securities Litigation Reform Act provides a "safe harbor" for certain forward-looking statements. Certain matters discussed in this filing could be characterized as forward-looking statements such as statements relating to plans for future expansion, as well as other capital spending, financing sources and effects of regulation and competition. Such forward-looking statements involve important risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements.

Item 3.        Quantitative and Qualitative Disclosures About Market Risk

    The Company invests its cash and cash equivalents in FDIC insured savings accounts which, by their nature, are not subject to significant interest rate fluctuation.

    As of March 31, 2001, the Company had $913,199 in borrowings. The borrowings are related to a bank line of credit, with a fixed interest rate, capitalized leases and loans from officers and directors which, by their nature, are not subject to interest rate fluctuations.

4

PART II—OTHER INFORMATION

Item 1.        LEGAL PROCEEDINGS.

    Not applicable.

Item 2.        CHANGES IN SECURITIES AND USE OF PROCEEDS.

    Not applicable.

Item 3.        DEFAULTS UPON SENIOR SECURITIES.

    Not applicable.

Item 4.        SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

    Not applicable.

Item 5.        OTHER INFORMATION.

    Not applicable.

Item 6.        EXHIBITS AND REPORTS ON FORM 8-K.

(a)

EXHIBITS



None.

(b)

REPORTS ON FORM 8-K



None.

5

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.

6

QuickLinks