UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.20549

FORM 10-QSB

(Mark One)

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|--------|----------------------------------------------------------------------------------|
|   | Quarterly report underSection 13 or 15(d) of the Securities Exchange Act of 1934 |

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|--------|---------------------------------------------|
|   | For the quarterly period ended June30, 2005 |

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|--------|----------------------------------------------------------------|
|   | Transition report underSection 13 or 15(d) of the Exchange Act |

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|   | For the transition period from                          to                           |

Commission File Number 001-32549

Courtside Acquisition Corp. (Exact Nameof Small Business Issuer as Specified in ItsCharter)

|                                                              |  |                                     |  |  |  |  |
|--------------------------------------------------------------|--|-------------------------------------|--|--|--|--|
| Delaware                                                     |  | 20-2521288                          |
| (Stateor other Jurisdiction of Incorporation orOrganization) |  | (I.R.S. Employer IdentificationNo.) |
|                                                              |

|                                                    |  |  |
|----------------------------------------------------|--|--|
| 1700Broadway, 17th Floor, New York, New York 10019 |
| (Address of Principal ExecutiveOffice)             |
|                                                    |

(212)641-5000 (Issuer's Telephone Number, Including AreaCode)

Check whether the issuer (1) filed all reportsrequired to be filed by Section 13 or 15(d) of the Exchange Act duringthe past 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. Yes   No 

As of August 15, 2005, 16,800,000 shares of common stock, par value$.0001 per share, were issued and outstanding.

TransitionalSmall Business Disclosure Format (check one): Yes   No

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|                                                                           |  |        |    |        |  |  |
|---------------------------------------------------------------------------|--|--------|----|--------|--|--|
|                                                                      |  | Page   |
| Part I: Financial Information:                                            |  |
| Item1 – Financial Statements (Unaudited):                           |  |
| Report of Independent Registered Public AccountingFirm                    |  |   | 3  |   |
| Balance Sheet                                                             |  |   | 4  |   |
| Statements of Operations                                                  |  |   | 5  |   |
| Statement of Stockholders'Equity                                          |  |   | 6  |   |
| Statement of CashFlows                                                    |  |   | 7  |   |
| Notes to FinancialStatements                                              |  |   | 8  |   |
| Item 2 –Management's Discussion and Analysis or Plan ofOperation    |  |   | 12 |   |
| Item 3 – Controlsand Procedures                                     |  |   | 13 |   |
| Part II. OtherInformation                                                 |  |
| Item 2 – UnregisteredSales of Equity Securities and Use of Proceeds |  |   | 14 |   |
| Item 6 – Exhibits                                                   |  |   | 14 |   |
| Signatures                                                                |  |   | 15 |   |
|                                                                           |

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REPORTOF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To theBoard of Directors Courtside Acquisition Corp.

We havereviewed the accompanying condensed balance sheet of CourtsideAcquisition Corp. as of June 30, 2005, the related condensed statementof operations for the three-month period ended June 30, 2005, and therelated condensed statements of operations, stockholders' equityand cash flows for the period from March 18, 2005 (inception) to June30, 2005. These financial statements are the responsibility of thecompany's management.

We conducted our reviews inaccordance with the standards of the Public Company AccountingOversight Board (United States). A review of interim financialinformation consists principally of applying analytical procedures andmaking inquiries of persons responsible for financial and accountingmatters. It is substantially less in scope than an audit conducted inaccordance with the standards of the Public Company AccountingOversight Board, the objective of which is the expression of an opinionregarding the condensed financial statements taken as a whole.Accordingly, we do not express such an opinion.

Based on ourreviews, we are not aware of any material modifications that should bemade to the condensed financial statements referred to above for themto be in conformity with United States generally accepted accountingprinciples.

GOLDSTEIN GOLUB KESSLER LLPNewYork, New York

August 8, 2005

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Courtside AcquisitionCorp. (a corporation in the development stage)

Unaudited BalanceSheet______________________________________________________________________________

|                                                                                                 |  |             |         |         |  |  |
|-------------------------------------------------------------------------------------------------|--|-------------|---------|---------|--|--|
|                                                                                            |  | June30,2005 |
| **Assets**                                                                                      |  |
| Currentassets:                                                                                  |  |        |    |    |
| Cash                                                                                            |  | $           | 1,526   |    |
| Totalcurrentassets                                                                              |  |        | 1,526   |    |
|                                                                                            |  |        |    |    |
| Deferredoffering costs (Note3)                                                                  |  |        | 532,526 |    |
| Totalassets                                                                                     |  | $           | 534,052 |    |
|                                                                                            |  |        |    |    |
| **Liabilitiesand Stockholders' Equity**                                                         |  |        |    |    |
| Currentliabilities:                                                                             |  |        |    |    |
| Accruedexpenses                                                                                 |  | $           | 85,500  |    |
| Accountspayable                                                                                 |  |        | 327,552 |    |
| Note payable,stockholder (Note4)                                                                |  |        | 100,000 |    |
| Totalcurrentliabilities                                                                         |  |        | 513,052 |    |
|                                                                                            |  |        |    |    |
| Commitments(Note5)                                                                              |  |        |    |    |
|                                                                                            |  |        |    |    |
| Stockholders'equity (Notes 1, 2, 5 and6)                                                        |  |        |    |    |
| Preferred stock, $.0001 parvalue, Authorized1,000,000 shares; noneissued                        |  |        |    |    |
| Common stock, $.0001 parvalueAuthorized 50,000,000 sharesIssued and outstanding3,000,000 shares |  |        | 300     |    |
| Additionalpaid-in capital                                                                       |  |        | 24,700  |    |
| Deficitaccumulated during developmentstage                                                      |  |        | (4,000  | )  |
|                                                                                            |  |        |    |    |
| Totalstockholders'equity                                                                        |  |        | 21,000  |    |
| Totalliabilities and stockholders'equity                                                        |  | $           | 534,052 |    |
|                                                                                                 |

Seeaccompanying notes to unaudited financial statements.

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Courtside AcquisitionCorp. (a corporation in the development stage)

Unaudited Statements ofOperations______________________________________________________________________________

|                                    |  |                                                       |           |                                          |  |        |           |         |  |  |
|------------------------------------|--|-------------------------------------------------------|-----------|------------------------------------------|--|--------|-----------|---------|--|--|
|                               |  | Periodfrom March 18, 2005 (inception) to June 30,2005 |           | Period from April 1, 2005 to June30,2005 |
|                |  |
| Expenses:                          |  |                                                  |      |                                     |  |   |      |    |
|                               |  |                                                  |      |                                     |  |   |      |    |
| Formationand operatingcosts        |  | $                                                     | (4,000    | )                                   |  | $      | (3,250    | )  |
|                               |  |                                                  |      |                                     |  |   |      |    |
| Netloss for theperiod              |  | $                                                     | (4,000    | )                                   |  | $      | (3,250    | )  |
|                               |  |                                                  |      |                                     |  |   |      |    |
| Netloss per share basic anddiluted |  | $                                                     | (.00      | )                                   |  | $      | (.00      | )  |
|                               |  |                                                  |      |                                     |  |   |      |    |
| Weightedaverage sharesoutstanding  |  |                                                  | 3,000,000 |                                     |  |   | 3,000,000 |    |
|                                    |

Seeaccompanying notes to unaudited financial statements.

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Courtside AcquisitionCorp. (a corporation in the development stage)

Unaudited Statement of Stockholders'Equity______________________________________________________________________________

|                                                                                                                   |  |             |           |                          |  |                                                |         |        |  |        |         |        |  |        |         |         |  |        |        |         |  |  |
|-------------------------------------------------------------------------------------------------------------------|--|-------------|-----------|--------------------------|--|------------------------------------------------|---------|--------|--|--------|---------|--------|--|--------|---------|---------|--|--------|--------|---------|--|--|
|                                                                                                              |  | CommonStock |           | AdditionalPaid-InCapital |  | Deficit accumulatedduring the developmentstage |         | Total  |
|                                                                                                              |  | Shares      |           | Amount                   |  |
| Saleof 3,000,000 shares of common stock at $.0083 per share to initialstockholders committed for on March 18,2005 |  |        | 3,000,000 |                     |  | $                                              | 300     |   |  | $      | 24,700  |   |  | $      | — |    |  | $      | 25,000 |    |
| Netloss for theperiod                                                                                             |  |        | —   |                     |  |                                           | — |   |  |   | — |   |  |   | (4,000  | )  |  |   | (4,000 | )  |
| Balance,June 30,2005                                                                                              |  |        | 3,000,000 |                     |  | $                                              | 300     |   |  | $      | 24,700  |   |  | $      | (4,000  | )  |  | $      | 21,000 |    |
|                                                                                                                   |

Seeaccompanying notes to unaudited financial statements.

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Courtside AcquisitionCorp. (a corporation in the development stage)

Unaudited Statement of CashFlows______________________________________________________________________________

|                                                       |  |                                           |          |         |  |  |
|-------------------------------------------------------|--|-------------------------------------------|----------|---------|--|--|
|                                                  |  | March18, 2005 (inception) to June 30,2005 |
| **Cash Flows from OperatingActivities**               |  |                                      |     |    |
| Netloss                                               |  | $                                         | (4,000   | )  |
| Increase in accruedexpenses and accountspayable       |  |                                      | 4,000    |    |
| Netcash used in operatingactivities                   |  |                                      | —  |    |
|                                                  |  |                                      |     |    |
| CashFlows from FinancingActivities                    |  |                                      |     |    |
| Proceeds from notespayable, stockholder               |  |                                      | 100,000  |    |
| Proceedsfrom sale of shares of commonstock            |  |                                      | 25,000   |    |
| Payment of deferredofferingcosts                      |  |                                      | (123,474 | )  |
|                                                  |  |                                      |     |    |
| Netcash provided by financingactivities               |  |                                      | 1,526    |    |
|                                                  |  |                                      |     |    |
| Netincrease in cash                                   |  |                                      | 1,526    |    |
| Cash at beginning ofthe period                        |  |                                      | —  |    |
| Cashat end of theperiod                               |  | $                                         | 1,526    |    |
|                                                  |  |                                      |     |    |
| Supplementalschedule of non-cash financingactivities: |  |                                      |     |    |
| Accrual of deferredofferingcosts                      |  | $                                         | 409,052  |    |
|                                                       |

Seeaccompanying notes to unaudited financialstatements

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CourtsideAcquisition Corp. (a corporation in the developmentstage)

Notes to Unaudited FinancialStatements______________________________________________________________________________

|    |                                                         |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|----|---------------------------------------------------------|--|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1. | Organization, Business Operations, And SubsequentEvents |  | Courtside Acquisition Corp. (the"Company") was incorporated in Delaware onMarch 18, 2005 as a blank check company whose objective is to acquirean operating business.     The financial information inthis report has not been audited, but in the opinion of management, alladjustments (consisting only of normal recurring adjustments)considered necessary to present fairly such information have beenincluded. On July 7, 2005, the Company filed a Form 8-K which containedaudited financials statements at and for the period ending July 7,2005.    All activity from March 18, 2005 (inception)through June 30, 2005 relates to the Company's formation andinitial public offering described below. The Company has selectedDecember  31 as its fiscal year-end.    Theregistration statement for the Company's initial public offering("Offering") was declared effective June 30,2005. The Company consummated the Offering on July 7, 2005 and, on July11, 2005, the underwriter exercised its over-allotment option for1,800,000 units, with the Company receiving total net proceeds ofapproximately $75,700,000 (Note 2). The Company's management hasbroad discretion with respect to the specific application of the netproceeds of this Offering, although substantially all of the netproceeds of this Offering are intended to be generally applied towardconsummating a business combination with an operating business("Business Combination"). Furthermore, thereis no assurance that the Company will be able to successfully effect aBusiness Combination. An amount of $73,764,000 of the net proceeds isbeing held in an interest-bearing trust account ("TrustAccount") until the earlier of (i) the consummation of aBusiness Combination or (ii) liquidation of the Company. Under theagreement governing the Trust Account, funds will only be invested inUnited States "government securities" withinthe meaning of Section 2(a)(16) of the Investment Company Act of 1940with a maturity of 180 days or less, or in money market funds meetingcertain conditions under Rule 2a-7 promulgated under the InvestmentCompany Act of 1940. The placing of funds in the Trust Account may notprotect those funds from third party claims against the Company.Although the Company will seek to have all vendors, prospective targetbusinesses or other entities it engages, execute agreements with theCompany waiving any right, title, interest or claim of any kind in orto any monies held in the Trust Account, there is no guarantee thatthey will execute such agreements. Two of the Company's officershave severally agreed that they will be personally liable to ensurethat the proceeds in the Trust Account are not reduced by the claims oftarget businesses or vendors or other entities that are owed money bythe Company for services rendered or contracted for or products sold tothe Company. However, there can be no assurance that these officerswill be able to satisfy those obligations. The remaining net proceeds(not held in the Trust Account) may be used for tax payments andbusiness, legal and accounting due diligence on prospectiveacquisitions and continuing general and administrativeexpenses. |
|    |                                                         |  |

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CourtsideAcquisition Corp. (a corporation in the developmentstage)

Notes to Unaudited FinancialStatements______________________________________________________________________________

|  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--|--|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |  | The Company, after signing a definitiveagreement for the acquisition of a target business, will submit suchtransaction for stockholder approval. In the event that stockholdersowning 20% or more of the shares sold in the Offering voteagainst the Business Combination and exercise their conversion rightsdescribed below, the Business Combination will not beconsummated.    All of the Company's stockholdersprior to the Offering, including all of the officers and directors ofthe Company ("Initial Stockholders"), haveagreed to vote their 3,000,000 founding shares of common stock inaccordance with the vote of the majority in interest of all otherstockholders of the Company ("PublicStockholders") with respect to any Business Combination.After consummation of a Business Combination, these voting safeguardswill no longer be applicable.    With respect to a BusinessCombination which is approved and consummated, any Public Stockholderwho voted against the Business Combination may demand that the Companyconvert his or her shares. The per share conversion price will equalthe amount in the Trust Account, calculated as of two business daysprior to the consummation of the proposed Business Combination, dividedby the number of shares of common stock held by Public Stockholders atthe consummation of the Proposed Offering. Accordingly, PublicStockholders holding 19.99% of the aggregate number of sharesowned by all Public Stockholders may seek conversion of their shares inthe event of a Business Combination. Such Public Stockholders areentitled to receive their per share interest in the Trust Accountcomputed without regard to the shares held by Initial Stockholders.Accordingly, upon receipt, a portion of the net proceeds from theoffering (19.99% of the amount held in the Trust Account) willbe classified as common stock subject to possibleconversion.    The Company's Certificate ofIncorporation, as amended, provides for mandatory liquidation of theCompany in the event that the Company does not consummate a BusinessCombination within 18 months from the date of the consummation of theOffering, or 24 months from the consummation of the Offering if certainextension criteria have been satisfied. In the event of liquidation, itis likely that the per share value of the residual assets remainingavailable for distribution (including Trust Account assets) will beless than the initial public offering price per share in the Offeringassuming no value is attributed to the Warrants contained in the Unitssold (Note  2).    Deferred income taxes are providedfor the differences between the bases of assets and liabilities forfinancial reporting and income tax purposes. A valuation allowance isestablished when necessary to reduce deferred tax assets to the amountexpected to be realized.    The Company recorded a deferredincome tax asset for the tax effect of net operating loss carryforwardsand temporary differences, aggregating approximately $1,360 throughJune 30, 2005. In recognition of the uncertainty regarding the ultimateamount of income tax benefits to be derived, the |
|  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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CourtsideAcquisition Corp. (a corporation in the developmentstage)

Notes to Unaudited FinancialStatements______________________________________________________________________________

|  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--|--|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |  | Company has recorded a full valuationallowance at June 30, 2005.    The effective tax ratediffers from the statutory rate of 34% due to the increase inthe valuation allowance.    Loss per share is computed bydividing net loss by the weighted-average number of shares of commonstock outstanding during the period.    The preparation offinancial statements in conformity with accounting principles generallyaccepted in the United States of America requires management to makeestimates and assumptions that affect the reported amounts of assetsand liabilities at the date of the financial statements and thereported amounts of expenses during the reporting period. Actualresults could differ from those estimates.    Managementdoes not believe that any recently issued, but not yet effective,accounting standards if currently adopted would have a material effecton the accompanying financial statements. |
|  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

|    |                         |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|----|-------------------------|--|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2. | Initial Public Offering |  | On July 7,2005, the Company sold 12,000,000 units("Units") in the Offering. Each Unit consistsof one share of the Company's common stock, $.0001 par value, andtwo Redeemable Common Stock Purchase Warrants("Warrants"). Each Warrant entitles theholder to purchase from the Company one share of common stock at anexercise price of $5.00 commencing the later of the completion of aBusiness Combination or one year from the effective date of theOffering and expiring four years from the effective date of theOffering. The Warrants will be redeemable at a price of $.01 perWarrant upon 30 days' notice after the Warrants becomeexercisable, only in the event that the last sale price of the commonstock is at least $8.50 per share for any 20 trading days within a 30trading day period ending on the third day prior to the date on whichnotice of redemption is given. In connection with the Offering, theCompany paid the underwriters an underwriting discount of 7% ofthe gross proceeds of the Offering and a non-accountable expenseallowance of 1% of the gross proceeds of the Offering. Inconnection with the Offering, the Company also issued an option, for$100, to the representative of the underwriters to purchase 600,000Units at an exercise price of $7.50 per Unit. The option may beexercised for cash or on a "cashless" basis,at the holder's option, such that the holder may use theappreciated value of the option (the difference between the exerciseprices of the option and the underlying warrants and the market priceof the units and underlying securities) to exercise the option withoutthe payment of any cash. In addition, the warrants underlying suchUnits are exercisable at $6.65 per share.    See Footnote 1with respect to the sale of additional units on July 11,2005. |
|    |                         |  |

|    |                        |  |                                                                                                                                                                                                                          |
|----|------------------------|--|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3. | Deferred OfferingCosts |  | Deferred offering costs consist principally of feesincurred through the balance sheet date that are directly related tothe Offering and that were charged to stockholders' equity uponthe receipt of the capital raised. |
|    |                        |  |

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CourtsideAcquisition Corp. (a corporation in the developmentstage)

Notes to Unaudited FinancialStatements______________________________________________________________________________

|    |                          |  |                                                                                                                                                                                                |
|----|--------------------------|--|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4. | Note Payable,Stockholder |  | The Company issued $100,000 unsecuredpromissory notes to an Initial Stockholder, who is also an officer. Thenotes are non interest-bearing and were paid from the net proceeds ofthe Offering. |
|    |                          |  |

|    |                                           |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|----|-------------------------------------------|--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5. | Commitments andRelated Party Transactions |  | The Company presently occupiesoffice space provided by an affiliate of several of the InitialStockholders. Such affiliate has agreed that, until the Companyconsummates a Business Combination, it will make such office space, aswell as certain office and secretarial services, available to theCompany, as may be required by the Company from time to time. TheCompany has agreed to pay such affiliate $7,500 per month for suchservices commencing on the effective date of the Offering. Thestatement of operations for the period ended June 30, 2005 includes$250 related to this agreement.    The Company engages andproposes to engage in ordinary course banking relationships oncustomary terms with Alpine Capital Bank("ACB"). ACB is a New York State charteredFDIC insured commercial bank. The Company's Chairman is adirector and stockholder of the bank, the Company's President isa stockholder of the bank and the Company's advisor is theChairman and a stockholder of the bank.    Pursuant toletter agreements dated April 15, 2005 with the Company and theRepresentative, the Initial Stockholders have waived their right toreceive distributions with respect to their founding shares upon theCompany's liquidation.    The Company'sChairman and the Company's President and advisor or persons orentities associated or affiliated with such individuals have agreedwith the Representative that within the first six month period afterseparate trading of the Warrants has commenced, they or certain oftheir affiliates or designees will collectively purchase up to2,400,000 Warrants in the public marketplace at prices not to exceed$0.70 per Warrant.    Pursuant to an agreement, the InitialStockholders are entitled to registration rights with respect to theirfounding shares. The holders of the majority of these shares areentitled to make up to two demands that the Company register theseshares at any time commencing three months prior to the thirdanniversary of the effective date of the Offering. In addition, theInitial Stockholders have certain"piggy-back" registration rights onregistration statements filed subsequent to the third anniversary ofthe effective date of the Offering.    The Company has paidthe fees and issued the securities to the underwriters in the Offeringas described in Note 2 above. |
|    |                                           |  |

|    |                 |  |                                                                                                                                                                                                      |
|----|-----------------|--|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6. | Preferred Stock |  | The Company isauthorized to issue 1,000,000 shares of preferred stock with suchdesignations, voting and other rights and preferences as may bedetermined from time to time by the Board ofDirectors. |
|    |                 |  |

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ITEM 2 -MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion should be read in conjunction with theCompany's Consolidated Financial Statements and footnotes theretocontained in this report.

Forward Looking Statements

The statements discussed in this Report include forward lookingstatements that involve risks and uncertainties detailed from time totime in the Company's reports filed with the Securities andExchange Commission.

We were formed on March 18, 2005, to serveas a vehicle to effect a merger, capital stock exchange, assetacquisition or other similar business combination with an operatingbusiness. We intend to utilize cash derived from the proceeds of ourrecently completed public offering, our capital stock, debt or acombination of cash, capital stock and debt, in effecting a businesscombination.

For the period from March 18, 2005 (inception)through June 30, 2005, we had a net loss of $4,000, attributable toformation and operating expenses.

We consummated our initialpublic offering on July 7, 2005. On July 11, 2005, we consummated theclosing of an additional 1,800,000 units that were subject to theover-allotment option. Gross proceeds from our initial public offeringwere $82,800,000. We paid a total of $6,516,000 in underwritingdiscounts and commissions, and approximately $576,000 was or will bepaid for costs and expenses related to the offering. After deductingthe underwriting discounts and commissions and the offering expenses,the total net proceeds to us from the offering were approximately$75,708,000, of which $73,764,000 was deposited into the trust account(or $5.35 per share sold in the offering). The remaining proceeds areavailable to be used by us to provide for business, legal andaccounting due diligence on prospective acquisitions, tax payments andcontinuing general and administrative expenses. We intend to usesubstantially all of the net proceeds of this offering to acquire atarget business, including identifying and evaluating prospectiveacquisition candidates, selecting the target business, and structuring,negotiating and consummating the business combination. To the extentthat our capital stock is used in whole or in part as consideration toeffect a business combination, the proceeds held in the trust fund aswell as any other net proceeds not expended will be used to finance theoperations of the target business. We believe we will have sufficientavailable funds outside of the trust fund to operate through July 7,2007, assuming that a business combination is not consummated duringthat time. From July 7, 2005 through July 7, 2007, we anticipateapproximately $300,000 of expenses for legal, accounting and otherexpenses attendant to the due diligence investigations, structuring andnegotiating of a business combination, $300,000 for expenses for thedue diligence and investigation of a target business, $180,000 for theadministrative fee payable to Alpine Capital LLC ($7,500 per month fortwo years), $40,000 of expenses in legal and accounting fees relatingto our SEC reporting obligations and $1,124,000 for general workingcapital that will be used for tax payments, miscellaneous expenses andreserves, including approximately $110,000 (through January 1, 2007)for director and officer liability insurance premiums. We do notbelieve we will need to raise additional funds following this offeringin order to meet the expenditures required for operating our business.However, we may need to raise additional funds through a privateoffering of debt or equity securities if such funds are required toconsummate a business combination that is presented to us. We wouldonly consummate such a financing simultaneously with the consummationof a business combination.

Commencing on June 30, 2005and ending upon the acquisition of a target business, we beganincurring a fee from Alpine Capital LLC, an affiliate of Richard D.Goldstein, our chairman of the board and chief executive officer, BruceM. Greenwald, our president and a member of our board of directors,Gregg H. Mayer, our vice president and controller, and Oded Aboodi, ourspecial advisor, of $7,500 per month for providing us with office spaceand certain general and administrative services. In addition, in Apriland May 2005, Richard D. Goldstein advanced an aggregate of $100,000 tous for payment on our behalf of offering expenses. These loans wererepaid following our initial public offering from the proceeds of theoffering.

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ITEM 3. CONTROLS AND PROCEDURES.

An evaluation of the effectiveness of our disclosure controls andprocedures as of June 30, 2005 was made under the supervision and withthe participation of our management, including our chief executiveofficer and our chief financial officer. Based on that evaluation, theyconcluded that our disclosure controls and procedures are effective asof the end of the period covered by this report to ensure thatinformation required to be disclosed by us in reports that we file orsubmit under the Securities Exchange Act of 1934 is recorded,processed, summarized and reported within the time periods specified inSecurities and Exchange Commission rules and forms. During the mostrecently completed fiscal quarter, there has been no significant changein our internal control over financial reporting that has materiallyaffected, or is reasonably likely to materially affect, our internalcontrol over financial reporting.

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PART II.

OTHER INFORMATION

ITEM 2: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OFPROCEEDS

On July 7, 2005, we consummated our initial publicoffering of 12,000,000 Units, with each unit consisting of one share ofour common stock and two warrants, each to purchase one share of ourcommon stock at an exercise price of $5.00 per share. On July 11, 2005,we closed on an additional 1,800,000 units that were subject to theunderwriters' over-allotment option. The units were sold at anoffering price of $6.00 per unit, generating total gross proceeds of$82,800,000. EarlyBirdCapital, Inc. acted as lead underwriter. Thesecurities sold in the offering were registered under the SecuritiesAct of 1933 on a registration statement on Form S-1 (No. 333-124380).The Securities and Exchange Commission declared the registrationstatement effective on June 30, 2005.

We paid a total of$6,516,000 in underwriting discounts and commissions, and approximately$576,000 has been or will be paid for costs and expenses related to theoffering.

After deducting the underwriting discounts andcommissions and the offering expenses, the total net proceeds to usfrom the offering were approximately $75,708,000, of which $73,764,000was deposited into the trust account (or $5.35 per share sold in theoffering) and the remaining proceeds are available to be used toprovide for business, legal and accounting due diligence on prospectivebusiness combinations and continuing general and administrativeexpenses.

For a description of the use of the proceeds generatedin our initial public offering, see Part I, Item 2 of this Form10-QSB.

ITEM 6: EXHIBITS

|           |           |
|-----------|-----------|
| (a)  | Exhibits: |

|        |                                              |
|--------|----------------------------------------------|
|   | 31.1– Section 302 Certification by CEO |

|        |                                              |
|--------|----------------------------------------------|
|   | 31.2 – Section 302 Certification byCFO |

|        |                                              |
|--------|----------------------------------------------|
|   | 32.1 – Section 906 Certificationby CEO |

|        |                                              |
|--------|----------------------------------------------|
|   | 32.2 – Section 906Certification by CFO |

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SIGNATURES

In accordance with therequirements of the Exchange Act, the registrant caused this report tobe signed on its behalf by the undersigned, thereunto dulyauthorized.

|        |                            |
|--------|----------------------------|
|   | COURTSIDEACQUISITION CORP. |

Dated: August 15, 2005

|        |                                                                                               |
|--------|-----------------------------------------------------------------------------------------------|
|   | /s/ Richard D.Goldstein Richard D. Goldstein Chairman of the Board andChief Executive Officer |

|        |                                                                             |
|--------|-----------------------------------------------------------------------------|
|   | /s/ Carl D.HarnickCarl D. Harnick Vice President and ChiefFinancial Officer |

15

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