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UNITEDSTATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C.20549

FORM 10-QSB

(MarkOne)

|        |                                                                                  |
|--------|----------------------------------------------------------------------------------|
|   | Quarterly report under Section 13 or15(d) of the Securities Exchange Act of 1934 |

For the quarterlyperiod ended June  30,2006

|        |                                                                |
|--------|----------------------------------------------------------------|
|   | Transition report under Section13 or 15(d) of the Exchange Act |

For the transition period from                                 to                                

Commission File Number001-32549

Courtside AcquisitionCorp.

(Exact Name of Small Business Issueras Specified in ItsCharter)

|                                                              |  |  |                                     |
|--------------------------------------------------------------|--|--|-------------------------------------|
| Delaware                                                     |  |  | 20-2521288                          |
| (Stateor other Jurisdiction of Incorporation orOrganization) |  |  | (I.R.S.Employer Identification No.) |
|                                                              |

1700Broadway, 17th Floor, New York, New York10019

(Address of Principal ExecutiveOffice)

(212) 641-5000

(Issuer’s Telephone Number, Including AreaCode)

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

Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Exchange Act).    Yes    No 

As of August 8, 2006, 16,800,000 sharesof common stock, par value $.0001 per share, were issued andoutstanding.

Transitional Small Business Disclosure Format (checkone):    Yes     No

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|                                                                              |  |  |        |
|------------------------------------------------------------------------------|--|--|--------|
|                                                                         |  |  | Page   |
| PartI    FinancialInformation:                           |  |  |   |
| Item 1 —Financial Statements(Unaudited):                               |  |  |   |
| Report of IndependentRegistered Public AccountingFirm                        |  |  | 3      |
| CondensedBalance Sheet                                                       |  |  | 4      |
| Condensed Statementsof Operations                                            |  |  | 5      |
| Condensed Statementof Stockholders’Equity                              |  |  | 6      |
| Condensed Statement of CashFlows                                             |  |  | 7      |
| Notes to Condensed FinancialStatements                                       |  |  | 8      |
| Item 2 —Management’s Discussion and Analysis or Plan ofOperation |  |  | 12     |
| Item 3 — Controlsand Procedures                                        |  |  | 13     |
| PartII    Other Information                              |  |  |   |
| Item 2— Unregistered Sales of Equity Securities and Use ofProceeds     |  |  | 14     |
| Item 6 —Exhibits                                                       |  |  | 14     |
| Signatures                                                                   |  |  | 15     |
|                                                                              |

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REPORT OFINDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Tothe Board of DirectorsCourtside Acquisition Corp.

Wehave reviewed the accompanying condensed balance sheet of CourtsideAcquisition Corp. (a corporation in the development stage)as of June  30,  2006, the related condensed statements ofoperations for the three-month periods ended June  30,2006 and June  30,  2005, the six-month period endedJune  30,  2006, the period from March  18,2005 (inception) to June  30,  2005, and the cumulativeperiod from March  18,  2005 (inception) to June30,  2006, the related condensed statements ofstockholders’ equity for the six-month period ended June30,  2006 and the period from March  18, 2005 (inception)to June  30,  2006, and the condensed statements of cashflows for the six-month period ended June  30,  2006, theperiod from March  18,  2006 (inception) to June15,  2005 and for the period from March  18,  2005(inception) to June  30,  2006. These financial statementsare the responsibility of the company'smanagement.

We conducted our reviews in accordance withthe standards of the Public Company Accounting Oversight Board (UnitedStates). A review of interim financial information consists principallyof applying analytical procedures and making inquiries of personsresponsible for financial and accounting matters. It is substantiallyless in scope than an audit conducted in accordance with the standardsof the Public Company Accounting Oversight Board, the objective ofwhich is the expression of an opinion regarding the condensed financialstatements taken as a whole. Accordingly, we do not express such anopinion.

Based on our reviews, we are not aware of anymaterial modifications that should be made to the condensed financialstatements referred to above for them to be in conformity with UnitedStates generally accepted accounting principles.

We havepreviously audited, in accordance with the standards of the PublicCompany Accounting Oversight Board, the condensed balance sheet ofCourtside Acquisition Corp. as of December  31, 2005 and therelated condensed statements of operations, stockholders’ equityand cash flows for the period from March  18,  2005(inception) to December  31,  2005 (not presented herein);and in our report dated February  16,  2006, we expressedan unqualified opinion on those financial statements. In our opinion,the information set forth in the accompanying condensed balance sheetas of December  31,  2005 is fairly stated, in all materialaspects, in relation to the balance sheet from which it has beenderived.

The accompanying financial statements have beenprepared assuming Courtside Acquisition Corp. will continue as a goingconcern. As discussed in Note 1 to the financial statements, CourtsideAcquisition Corp. may face a mandatory liquidation by January7,  2007 if a business combination is not consummated, whichraises substantial doubt about its ability to continue as a goingconcern. The financial statements do not include any adjustments thatmight result from the outcome of thisuncertainty.

/s/ Goldstein Golub KesslerLLPGOLDSTEIN GOLUB KESSLER LLPNew York, NewYork

July  25,2006

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CourtsideAcquisition Corp.(a corporation in the developmentstage)

Condensed BalanceSheet

|                                                                                                  |  |  |             |   |            |                 |  |  |  |   |            |  |
|--------------------------------------------------------------------------------------------------|--|--|-------------|---|------------|-----------------|--|--|--|---|------------|--|
|                                                                                             |  |  | June30,2006 |   |            | December31,2005 |
|                                                                                             |  |  | (unaudited) |   |            |            |
| Assets                                                                                           |  |  |             |   |       |                 |  |  |  |   |       |  |
| Currentassets:                                                                                   |  |  |             |   |       |                 |  |  |  |   |       |  |
| Cash and cashequivalents (Note1)                                                                 |  |  |             | $ | 1,418,637  |                 |  |  |  | $ | 1,692,748  |  |
| Cashequivalents held in Trust Fund (Note1)                                                       |  |  |             |   | 75,754,539 |                 |  |  |  |   | 74,618,620 |  |
| DeferredFederal Income Tax (Note1)                                                               |  |  |             |   | —    |                 |  |  |  |   | —    |  |
| Prepaidexpenses                                                                                  |  |  |             |   | 90,086     |                 |  |  |  |   | 78,133     |  |
| Totalcurrentassets                                                                               |  |  |             | $ | 77,263,262 |                 |  |  |  | $ | 76,389,501 |  |
| Liabilitiesand Stockholders’Equity                                                         |  |  |             |   |       |                 |  |  |  |   |       |  |
| Currentliabilities:                                                                              |  |  |             |   |       |                 |  |  |  |   |       |  |
| Accountspayable and accruedexpenses                                                              |  |  |             | $ | 12,598     |                 |  |  |  | $ | 12,643     |  |
| Deferreddividends                                                                                |  |  |             |   | 397,909    |                 |  |  |  |   | 170,839    |  |
| Taxespayable (Note1)                                                                             |  |  |             |   | 157,093    |                 |  |  |  |   | 78,725     |  |
| Totalcurrentliabilities                                                                          |  |  |             | $ | 567,600    |                 |  |  |  | $ | 262,207    |  |
| Commonstock, subject to possible conversion, 2,758,620 shares at conversionvalue (Note1)         |  |  |             |   | 14,745,424 |                 |  |  |  |   | 14,745,424 |  |
| Commitments                                                                                      |  |  |             |   |       |                 |  |  |  |   |       |  |
| Stockholders’equity (Notes 1 and2)                                                         |  |  |             |   |       |                 |  |  |  |   |       |  |
| Preferredstock, $.0001 par value, Authorized 1,000,000 shares; noneissued                        |  |  |             |   |       |                 |  |  |  |   |       |  |
| Commonstock, $.0001 par value, Authorized 50,000,000shares                                       |  |  |             |   |       |                 |  |  |  |   |       |  |
| Issued and outstanding 16,800,000shares (which includes 2,758,620 subject to possibleconversion) |  |  |             |   | 1,680      |                 |  |  |  |   | 1,680      |  |
| Additionalpaid-incapital                                                                         |  |  |             |   | 60,969,078 |                 |  |  |  |   | 60,969,078 |  |
| Earningsaccumulated in the developmentstage                                                      |  |  |             |   | 979,480    |                 |  |  |  |   | 411,112    |  |
| Totalstockholders’equity                                                                   |  |  |             |   | 61,950,238 |                 |  |  |  |   | 61,381,870 |  |
| Totalliabilities and stockholders’equity                                                   |  |  |             | $ | 77,263,262 |                 |  |  |  | $ | 76,389,501 |  |
|                                                                                                  |

Seeaccompanying notes to unaudited condensed financialstatements.

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CourtsideAcquisition Corp.(a corporation in the developmentstage)

Unaudited Condensed Statements ofOperations

|                                             |  |  |                                |   |            |                                |  |  |                              |   |           |                                                     |  |  |                                                    |   |            |  |  |  |  |   |           |   |  |  |  |   |           |  |
|---------------------------------------------|--|--|--------------------------------|---|------------|--------------------------------|--|--|------------------------------|---|-----------|-----------------------------------------------------|--|--|----------------------------------------------------|---|------------|--|--|--|--|---|-----------|---|--|--|--|---|-----------|--|
|                                        |  |  | ThreeMonthsEnded June 30, 2006 |   |            | Three MonthsEndedJune 30, 2005 |  |  | Six MonthsEnded June 30,2006 |   |           | Period fromMarch 18, 2005(inception) toJune30, 2005 |  |  | Period fromMarch 18, 2005(inception)toJune 30,2006 |
| Revenues:                                   |  |  |                                |   |       |                                |  |  |                              |   |      |                                                     |  |  |                                                    |   |       |  |  |  |  |   |      |   |  |  |  |   |      |  |
| Interestand dividendincome                  |  |  |                                | $ | 509,685    |                                |  |  |                              | $ | 0         |                                                     |  |  |                                                    | $ | 940,360    |  |  |  |  | $ | 0         |   |  |  |  | $ | 1,651,033 |  |
| Expenses:                                   |  |  |                                |   |       |                                |  |  |                              |   |      |                                                     |  |  |                                                    |   |       |  |  |  |  |   |      |   |  |  |  |   |      |  |
| Formationand operatingcosts                 |  |  |                                |   | 71,041     |                                |  |  |                              |   | 3,250     |                                                     |  |  |                                                    |   | 144,769    |  |  |  |  |   | 4,000     |   |  |  |  |   | 273,605   |  |
| Stateand local capitaltaxes                 |  |  |                                |   | 7,723      |                                |  |  |                              |   | —   |                                                     |  |  |                                                    |   | 30,223     |  |  |  |  |   | —   |   |  |  |  |   | 76,348    |  |
| Totalexpenses                               |  |  |                                |   | 78,764     |                                |  |  |                              |   | 3,250     |                                                     |  |  |                                                    |   | 174,992    |  |  |  |  |   | 4,000     |   |  |  |  |   | 349,953   |  |
| Income(loss) for theperiod                  |  |  |                                |   | 430,921    |                                |  |  |                              |   | (3,250    | )                                                   |  |  |                                                    |   | 765,368    |  |  |  |  |   | (4,000    | ) |  |  |  |   | 1,301,080 |  |
| Incometaxes (Note1)                         |  |  |                                |   | 106,000    |                                |  |  |                              |   | 0         |                                                     |  |  |                                                    |   | 197,000    |  |  |  |  |   | 0         |   |  |  |  |   | 321,600   |  |
| NetIncome (loss) for theperiod              |  |  |                                | $ | 324,921    |                                |  |  |                              | $ | (3,250    | )                                                   |  |  |                                                    | $ | 568,368    |  |  |  |  | $ | (4,000    | ) |  |  |  | $ | 979,480   |  |
| Netincome (loss) per share basic anddiluted |  |  |                                | $ | 0.02       |                                |  |  |                              | $ | (0.00     | )                                                   |  |  |                                                    | $ | 0.03       |  |  |  |  | $ | (0.00     | ) |  |  |  |   |      |  |
| Weightedaverage shares outstanding          |  |  |                                |   | 16,800,000 |                                |  |  |                              |   | 3,000,000 |                                                     |  |  |                                                    |   | 16,800,000 |  |  |  |  |   | 3,000,000 |   |  |  |  |   |      |  |
|                                             |

Seeaccompanying notes to unaudited condensed financialstatements.

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CourtsideAcquisition Corp.(a corporation in the developmentstage)

Condensed Statement ofStockholders’Equity

|                                                                                                                                                              |  |  |             |  |            |                          |  |  |                                            |   |         |       |  |  |  |   |             |   |  |  |  |   |         |  |  |  |  |   |             |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|-------------|--|------------|--------------------------|--|--|--------------------------------------------|---|---------|-------|--|--|--|---|-------------|---|--|--|--|---|---------|--|--|--|--|---|-------------|---|
|                                                                                                                                                         |  |  | CommonStock |  |            | AdditionalPaid-InCapital |  |  | EarningsAccumulated in thedevelopmentstage |   |         | 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      |   |
| Saleof 12,000,000 units, net of underwriters’ discount and offeringexpenses on July  7,  2005 (includes 2,398,800 sharessubject to possibleconversion) |  |  |             |  | 12,000,000 |                          |  |  |                                            |   | 1,200   |       |  |  |  |   | 65,645,882  |   |  |  |  |   | — |  |  |  |  |   | 65,647,082  |   |
| Proceedssubject to possible conversion of 2,398,800shares                                                                                                    |  |  |             |  | —    |                          |  |  |                                            |   | — |       |  |  |  |   | (12,737,628 | ) |  |  |  |   | — |  |  |  |  |   | (12,737,628 | ) |
| Proceedsfrom issuance ofoption                                                                                                                               |  |  |             |  | —    |                          |  |  |                                            |   | — |       |  |  |  |   | 100         |   |  |  |  |   | — |  |  |  |  |   | 100         |   |
| Saleof 1,800,000 units, net of underwriters’ discount on July11,  2005 (includes 359,820 shares subject to possibleconversion)                         |  |  |             |  | 1,800,000  |                          |  |  |                                            |   | 180     |       |  |  |  |   | 10,043,820  |   |  |  |  |   | — |  |  |  |  |   | 10,044,000  |   |
| Proceedssubject to possible conversion of 359,820shares                                                                                                      |  |  |             |  | —    |                          |  |  |                                            |   | — |       |  |  |  |   | (2,007,796  | ) |  |  |  |   | — |  |  |  |  |   | (2,007,796  | ) |
| Netincome for theperiod                                                                                                                                      |  |  |             |  | —    |                          |  |  |                                            |   | — |       |  |  |  |   | —     |   |  |  |  |   | 411,112 |  |  |  |  |   | 411,112     |   |
| Balance,December  31,2005                                                                                                                                    |  |  |             |  | 16,800,000 |                          |  |  |                                            | $ | 1,680   |       |  |  |  | $ | 60,969,078  |   |  |  |  | $ | 411,112 |  |  |  |  | $ | 61,381,870  |   |
| Unaudited:                                                                                                                                                   |  |  |             |  |       |                          |  |  |                                            |   |    |       |  |  |  |   |        |   |  |  |  |   |    |  |  |  |  |   |        |   |
| Netincome for the six months ended June  30,2006                                                                                                             |  |  |             |  | —    |                          |  |  |                                            |   | — |       |  |  |  |   | —     |   |  |  |  |   | 568,368 |  |  |  |  |   | 568,368     |   |
| Balance,June  30,2006                                                                                                                                        |  |  |             |  | 16,800,000 |                          |  |  |                                            | $ | 1,680   |       |  |  |  | $ | 60,969,078  |   |  |  |  | $ | 979,480 |  |  |  |  | $ | 61,950,238  |   |
|                                                                                                                                                              |

Seeaccompanying notes to unaudited condensed financialstatements.

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CourtsideAcquisition Corp.(a corporation in the developmentstage)

Unaudited Condensed Statement ofCashFlows

|                                                                                      |  |  |                               |   |            |                                                        |  |  |                                                       |   |          |   |  |  |  |   |             |   |
|--------------------------------------------------------------------------------------|--|--|-------------------------------|---|------------|--------------------------------------------------------|--|--|-------------------------------------------------------|---|----------|---|--|--|--|---|-------------|---|
|                                                                                 |  |  | SixMonths Ended June 30, 2006 |   |            | Period from March 18,2005 (inception) to June 30, 2005 |  |  | Period fromMarch 18, 2005 (inception) to June 30,2006 |
| Cash Flows from OperatingActivities                                                  |  |  |                               |   |       |                                                        |  |  |                                                       |   |     |   |  |  |  |   |        |   |
| Netincome(loss)                                                                      |  |  |                               | $ | 568,368    |                                                        |  |  |                                                       | $ | (4,000   | ) |  |  |  | $ | 979,480     |   |
| Adjustmentsto reconcile net income (loss) provided by (used in) operatingactivities: |  |  |                               |   |       |                                                        |  |  |                                                       |   |     |   |  |  |  |   |        |   |
| Increasein value of TrustFund                                                        |  |  |                               |   | (1,135,919 | )                                                      |  |  |                                                       |   | —  |   |  |  |  |   | (1,990,539  | ) |
| Increasein prepaidexpenses                                                           |  |  |                               |   | (11,953    | )                                                      |  |  |                                                       |   | —  |   |  |  |  |   | (90,086     | ) |
| Increase/(decrease)in accounts payable and accruedexpenses                           |  |  |                               |   | (45        | )                                                      |  |  |                                                       |   | 4,000    |   |  |  |  |   | 12,598      |   |
| Increasein taxespayable                                                              |  |  |                               |   | 78,368     |                                                        |  |  |                                                       |   | —  |   |  |  |  |   | 157,093     |   |
| Increasein deferreddividends                                                         |  |  |                               |   | 227,070    |                                                        |  |  |                                                       |   | —  |   |  |  |  |   | 397,909     |   |
| Netcash used in operatingactivities                                                  |  |  |                               |   | (274,111   | )                                                      |  |  |                                                       |   | —  |   |  |  |  |   | (533,545    | ) |
| CashFlows from InvestingActivities                                                   |  |  |                               |   |       |                                                        |  |  |                                                       |   |     |   |  |  |  |   |        |   |
| Cashdeposited in TrustFund                                                           |  |  |                               |   | —    |                                                        |  |  |                                                       |   | —  |   |  |  |  |   | (73,764,000 | ) |
| CashFlows from FinancingActivities                                                   |  |  |                               |   |       |                                                        |  |  |                                                       |   |     |   |  |  |  |   |        |   |
| Grossproceeds of publicoffering                                                      |  |  |                               |   | —    |                                                        |  |  |                                                       |   | —  |   |  |  |  |   | 82,800,000  |   |
| Proceedsfrom sale of shares of commonstock                                           |  |  |                               |   | —    |                                                        |  |  |                                                       |   | 25,000   |   |  |  |  |   | 25,000      |   |
| Proceedsfrom issuance ofoption                                                       |  |  |                               |   | —    |                                                        |  |  |                                                       |   | —  |   |  |  |  |   | 100         |   |
| Proceedsfrom notes payable,stockholder                                               |  |  |                               |   | —    |                                                        |  |  |                                                       |   | 100,000  |   |  |  |  |   | 100,000     |   |
| Paymentof notes payable,stockholder                                                  |  |  |                               |   | —    |                                                        |  |  |                                                       |   | —  |   |  |  |  |   | (100,000    | ) |
| Paymentof offeringcosts                                                              |  |  |                               |   | —    |                                                        |  |  |                                                       |   | (123,474 | ) |  |  |  |   | (7,108,918  | ) |
| Netcash provided by financingactivities                                              |  |  |                               |   | —    |                                                        |  |  |                                                       |   | 1,526    |   |  |  |  |   | 75,716,182  |   |
| Netincrease (decrease) in cash and cashequivalents                                   |  |  |                               |   | (274,111   | )                                                      |  |  |                                                       |   | 1,526    |   |  |  |  |   | 1,418,637   |   |
| Cashand cash equivalents at beginning of theperiod                                   |  |  |                               |   | 1,692,748  |                                                        |  |  |                                                       |   | —  |   |  |  |  |   | —     |   |
| Cashand cash equivalents at end of theperiod                                         |  |  |                               | $ | 1,418,637  |                                                        |  |  |                                                       | $ | 1,526    |   |  |  |  | $ | 1,418,637   |   |
| Supplementalschedule of non-cash financingactivities:                                |  |  |                               |   |       |                                                        |  |  |                                                       |   |     |   |  |  |  |   |        |   |
| Accrualof deferred offeringcosts                                                     |  |  |                               | $ | —    |                                                        |  |  |                                                       | $ | 409,052  |   |  |  |  | $ | —     |   |
|                                                                                      |

Seeaccompanying notes to unaudited condensed financialstatements.

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CourtsideAcquisition Corp.(a corporation in the developmentalstage)Note to Unaudited Condensed FinancialStatements

|    |                                    |  |                                                                                                                                                                                                  |
|----|------------------------------------|--|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1. | Organizationand BusinessOperations |  | CourtsideAcquisition Corp. (the ‘‘Company’’) wasincorporated in Delaware on March  18,  2005 as a blankcheck company whose objective is to acquire an operatingbusiness. |
|    |                                    |  |

|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------------------------|--|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |  | The financialinformation in this report has not been audited, but in the opinion ofmanagement, all adjustments (consisting only of normal recurringadjustments) considered necessary to present fairly such informationhave been included. See the Company’s Annual Report on Form10-KSB for the year ended December  31,  2005 foradditional disclosure relating to the Company’s condensedfinancialstatements. |
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                                              |

|                          |  |                                                                                                                                                                                                                                                                                                                       |
|--------------------------|--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |  | Allactivity from March  18,  2005 (inception) throughJuly  7,  2005 relates to the Company’s formationand initial public offering described below. Subsequent to July7,  2005, the Company has been seeking a business combinationwith an operating business (‘‘BusinessCombination’’). |
|                          |  |                                                                                                                                                                                                                                                                                                                       |

|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|--------------------------|--|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |  | Theregistration statement for the Company’s initial public offering(‘‘Offering’’) was declared effectiveJune  30,  2005. The Company consummated the Offering for12,000,000 units on July  7,  2005 and, on July11,  2005, the representative of the underwriters(‘‘Representative’’) exercised itsover-allotment option for 1,800,000 units, with the Company receivingtotal net proceeds of approximately $75,691,000 (Note 2). TheCompany’s management has broad discretion with respect to thespecific application of the net proceeds of this Offering, althoughsubstantially all of the net proceeds of this Offering are intended tobe generally applied toward consummating a Business Combination.Furthermore, there is no assurance that the Company will be able tosuccessfully effect a Business Combination. An amount of $73,764,000 ofthe net proceeds was placed in an interest-bearing trust account(‘‘Trust Account’’) until the earlier of(i) the consummation of a Business Combination or (ii) liquidation ofthe Company. Under the agreement governing the Trust Account, fundswill only be invested in United States ‘‘governmentsecurities’’ within the meaning of Section 2(a)(16) ofthe Investment Company Act of 1940 with a maturity of 180 days or less,or in money market funds meeting certain conditions under Rule 2a-7promulgated under the Investment Company Act of 1940. At June30,  2006, the value of the Trust Account amounted to$75,754,539. The placing of funds in the Trust Account may not protectthose funds from third party claims against the Company. Although theCompany will seek to have all vendors, prospective target businesses orother entities it engages, execute agreements with the Company waivingany right, title, interest or claim of any kind in or to any moniesheld in the Trust Account, there is no guarantee that they will executesuch agreements. Two of the Company's officers have severallyagreed that they will be personally liable to ensure that the proceedsin the Trust Account are not reduced by the claims of target businessesor vendors or other entities that are owed money by the Company forservices rendered or contracted for or products sold to the Company.However, there can be no assurance that these officers will be able tosatisfy those obligations. The remaining net proceeds (not held in theTrust Account) |
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CourtsideAcquisition Corp.(a corporation in the developmentalstage)Note to Unaudited Condensed FinancialStatements

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|  |  | may be used for tax payments and business,legal and accounting due diligence on prospective acquisitions andcontinuing general and administrativeexpenses. |
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|      |  | The Company,after signing a definitive agreement for the acquisition of a targetbusiness, will submit such transaction for stockholder approval. In theevent that stockholders owning 20% or more of the shares sold inthe Offering vote against the Business Combination and exercise theirconversion rights described below, the Business Combination will not beconsummated. |
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|      |  | All of theCompany’s stockholders prior to the Offering, including all ofthe officers and directors of the Company (‘‘InitialStockholders’’), have agreed to vote their 3,000,000founding shares of common stock in accordance with the vote of themajority in interest of all other stockholders of the Company(‘‘Public Stockholders’’) with respect toany Business Combination. After consummation of a Business Combination,these voting safeguards will no longer beapplicable. |
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|      |  | Withrespect to a Business Combination which is approved and consummated,any Public Stockholder who voted against the Business Combination maydemand that the Company convert his or her shares. The per shareconversion price will equal the amount in the Trust Account, calculatedas of two business days prior to the consummation of the proposedBusiness Combination, divided by the number of shares of common stockheld by Public Stockholders at the consummation of the Offering.Accordingly, Public Stockholders holding 19.99% of the aggregatenumber of shares owned by all Public Stockholders may seek conversionof their shares in the event of a Business Combination. Such PublicStockholders are entitled to receive their per share interest in theTrust Account computed without regard to the shares held by InitialStockholders. In this respect, $14,745,424 (19.99% of theoriginal amount placed in the Trust Account) has been classified ascommon stock subject to possible conversion at June  30,2006 and $397,909 (19.99% of the dividend income held in theTrust Account) has been classified as deferred dividends at June30,  2006. |
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|      |  | TheCompany’s Certificate of Incorporation, as amended, provides formandatory liquidation of the Company in the event that the Company doesnot consummate a Business Combination within 18 months from the date ofthe consummation of the Offering (January 7, 2007), or 24 months fromthe consummation of the Offering if certain extension criteria havebeen satisfied. In the event of liquidation, it is likely that the pershare value of the residual assets remaining available for distribution(including Trust Account assets) will be less than the initial publicoffering price per share in the Offering assuming no value isattributed to the Warrants contained in the Units sold (Note 2).There is no assurance that the Company will be able to successfullyeffect a Business Combination during this period. This factor raisessubstantial doubt about the Company’s ability to continue as agoing concern. The |
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CourtsideAcquisition Corp.(a corporation in the developmentalstage)Note to Unaudited Condensed FinancialStatements

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|  |  | accompanying financial statements areprepared assuming the Company will continue as a going concern. Thefinancial statements do not include any adjustments that might resultfrom the outcome of thisuncertainty. |
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|      |  | InDecember  2004, the Financial Accounting Standards Board(‘‘FASB’’) issued Statement of FinancialAccounting Standards No. 123 (revised 2004) (‘‘SFAS123(R)’’), ‘‘Share BasedPayment’’. SFAS 123(R) requires all share-based paymentsto employees, including grants of employee stock options, to berecognized in the financial statements based on their fair values. TheCompany adopted SFAS 123(R) effective January  1,  2006.The adoption of SFAS No. 123(R) did not have any impact on itsfinancial condition or results ofoperations. |
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|      |  | InJuly  2006, the FASB issued FASB Interpretation No. 48,‘‘Accounting for Uncertainty in IncomeTaxes,’’ an interpretation of FASB Statement No. 109(‘‘FIN 48’’), which provides criteria forthe recognition, measurement, presentation and disclosure of uncertaintax positions. A tax benefit from an uncertain position may berecognized only if it is ‘‘more likely thannot’’ that the position is sustainable based on itstechnical merits. The provisions of FIN 48 are effective for fiscalyears beginning after December  15,  2006. We no not expectFIN 48 will have a material effect on our condensed financial conditionor results ofoperations. |
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|      |  | Managementdoes not believe that any other recently issued, but not yet effective,accounting standards if currently adopted would have a material effecton the accompanying financialstatements. |
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| 2.    Initial Public Offering |  | On July  7,  2005, the Company sold 12,000,000 units(‘‘Units’’) in the Offering. On July11,  2005, the Company sold an additional 1,800,000 Unitspursuant to the Representative’s over-allotment option. EachUnit consists of one share of the Company’s common stock, $.0001par value, and two 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 isgiven. |
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|      |  | In connectionwith the Offering, the Company paid the underwriters an underwritingdiscount of 7% of the gross proceeds of the Offering and anon-accountable expense allowance of 1% of the gross proceeds ofthe Offering. In connection with the Offering, the Company also issuedan option, for $100, to the Representative to purchase 600,000 Units atan exercise price of $7.50 per Unit. The Units issuable upon exerciseof this |
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CourtsideAcquisition Corp.(a corporation in the developmentalstage)Note to Unaudited Condensed FinancialStatements

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|  |  | purchase option are identical to the Unitssold in the Offering except that the Warrants included in the optionhave an exercise price of $6.65 per share. The Company estimated thatthe fair value of this option was approximately $1,224,000 ($2.04 perUnit underlying such option) using a Black-Scholes option-pricingmodel. The fair value of the option was estimated as of the date ofgrant using the following assumptions: (1) expected volatility of40.995%, (2)  risk-free interest rate of 3.72% and(3) expected life of 5 years. The sale of the option was accounted foras a cost attributable to the Offering. Accordingly, there was no netimpact on the Company’s financial position or results ofoperations, except for the recording of the $100 proceeds from thesale. The option may be exercised for cash or on a‘‘cashless’’ basis, at the holder'soption, such that the holder may use the appreciated value of theoption (the difference between the exercise prices of the option andthe underlying Warrants and the market price of the Units andunderlying securities) to exercise the option without the payment ofany cash. |
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CourtsideAcquisition Corp.(a corporation in the developmentalstage)Note to Unaudited Condensed FinancialStatements

ITEM 2 —MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OFOPERATION

The following discussion should be read in conjunctionwith the Company’s Consolidated Financial Statements andfootnotes thereto contained in this report.

ForwardLooking Statements

The statements discussed in this Reportinclude forward looking statements that involve risks and uncertaintiesdetailed from time to time in the Company’s reports filed withthe Securities and Exchange Commission.

We were formed onMarch  18,  2005, to serve as a vehicle to effect a merger,capital stock exchange, asset acquisition or other similar businesscombination with an operating business. We intend to utilize cashderived from the proceeds of our recently completed public offering,our capital stock, debt or a combination of cash, capital stock anddebt, in effecting a business combination.

For the three monthsended June  30,  2006, we had net income of $324,921consisting of interest and dividend income less operating expenses andstate and local income and capital taxes. Our interest and dividendincome includes dividend income of $493,824 and $1,619,472 for thethree months ended June  30,  2006 and the period fromMarch  18,  2005 (inception) through June  30,2006, respectively, and our deferred dividends of $397,909 and $170,839at June  30,  2006 and December  31,  2005,respectively, were derived from money market funds which are exemptfrom federal income taxes. For the three months ended June30,  2006, our expenses consisted of operating costs and expensesof searching for a business combination, which were $71,041, statecapital taxes in the quarter of $7,723, and state and local incometaxes of $106,000.

For the six months ended June30,  2006, we had net income of $568,368 consisting of interestand dividend income less operating expenses and state and local incomeand capital taxes. Our interest and dividend income includes dividendincome of $908,850 for the six months ended June  30,  2006and our deferred dividends of $397,909 at June  30,  2006were derived from money market funds which are exempt from federalincome taxes. For the six months ended June  30,  2006, ourexpenses consisted of operating costs and expenses of searching for abusiness combination, which were $144,769, state capital taxes in thequarter of $30,223, and state and local income taxes of$197,000.

For the period from March  18,  2005(inception) through June  30,  2006, we had net income of$979,480 attributable to dividend and interest income less formationand operating expenses and state and local income and capital taxesrespectively.

We consummated our initial public offering onJuly  7,  2005. On July  11,  2005, weconsummated the closing of an additional 1,800,000 units that weresubject to the over-allotment option. Gross proceeds from our initialpublic offering (including the over-allotment option) were $82,800,000.We paid a total of $6,516,000 in underwriting discounts andcommissions, and approximately $593,000 was paid for costs and expensesrelated to the offering. After deducting the underwriting discounts andcommissions and the offering expenses, the total net proceeds to usfrom the offering were approximately $75,691,000, of which $73,764,000was deposited into the trust account (or approximately $5.35 per sharesold in the offering). As of June  30,  2006, approximately$75,754,539 (or approximately $5.49 per share sold in the offering) isbeing held in the trust account. The remaining proceeds are availableto be used by us to provide for business, legal and accounting duediligence on prospective acquisitions, tax payments and continuinggeneral and administrative expenses. We intend to use substantially allof the net proceeds of this offering to acquire a target business,including identifying and evaluating prospective acquisitioncandidates, selecting the target business, and structuring, negotiatingand consummating the business combination. To the extent that ourcapital stock is used in whole or in part as consideration to effect abusiness combination, the proceeds held in the trust fund as well asany other net proceeds not expended will be used to finance

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the operations of the target business. Webelieve we will have sufficient available funds outside of the trustfund to operate through July  7,  2007, assuming that abusiness combination is not consummated during that time. FromJuly  7,  2005 through July  7,  2007, weanticipate approximately $300,000 of expenses for legal, accounting andother expenses attendant to the due diligence investigations,structuring and negotiating of a business combination, $300,000 forexpenses for the due diligence and investigation of a target business,$180,000 for the administrative fee payable to Alpine Capital LLC($7,500 per month for two years), $40,000 of expenses in legal andaccounting fees relating to our SEC reporting obligations and$1,107,000 for general working capital that will be used for taxpayments, miscellaneous expenses and reserves, including approximately$110,000 (through January  1,  2007) for director andofficer liability insurance premiums. We do not believe we will need toraise additional funds following this offering in order to meet theexpenditures required for operating our business. However, we may needto raise additional funds through a private offering of debt or equitysecurities if such funds are required to consummate a businesscombination that is presented to us. We would only consummate such afinancing simultaneously with the consummation of a businesscombination.

Commencing on June  30,  2005 and endingupon the acquisition of a target business, we began incurring a feefrom Alpine Capital LLC, an affiliate of Richard D. Goldstein, ourchairman of the board and chief executive officer, Bruce M.Greenwald, our president and a member of our board of directors, GreggH. 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 to us for payment on our behalf of offering expenses.Theseloans were repaid following our initial public offering from theproceeds of the offering.

ITEM 3 — CONTROLS ANDPROCEDURES.

Disclosure controls and procedures are controls andother procedures that are designed to ensure that information requiredto be disclosed in company reports filed or submitted under theSecurities Exchange Act of 1934 (the ‘‘ExchangeAct’’) is recorded, processed, summarized and reported,within the time periods specified in the Securities and ExchangeCommission’s rules and forms. Disclosure controls and proceduresinclude, without limitation, controls and procedures designed to ensurethat information required to be disclosed in company reports filed orsubmitted under the Exchange Act is accumulated and communicated tomanagement, including our chief executive officer and treasurer, asappropriate to allow timely decisions regarding requireddisclosure.

As required by Rules 13a-15 and 15d-15 underthe Exchange Act, our chief executive officer and chief financialofficer carried out an evaluation of the effectiveness of the designand operation of our disclosure controls and procedures as ofJune  30,  2006. Based upon their evaluation, theyconcluded that our disclosure controls and procedures wereeffective.

Our internal control over financial reporting is aprocess designed by, or under the supervision of, our chief executiveofficer and chief financial officer and effected by our board ofdirectors, management and other personnel, to provide reasonableassurance regarding the reliability of our financial reporting and thepreparation of our financial statements for external purposes inaccordance with generally accepted accounting principles. Internalcontrol over financial reporting includes policies and procedures thatpertain to the maintenance of records that in reasonable detailaccurately and fairly reflect the transactions and dispositions of ourassets; provide reasonable assurance that transactions are recorded asnecessary to permit preparation of our financial statements inaccordance with generally accepted accounting principles, and that ourreceipts and expenditures are being made only in accordance with theauthorization of our board of directors and management; and providereasonable assurance regarding prevention or timely detection ofunauthorized acquisition, use or disposition of our assets that couldhave a material effect on our financial statements.

During themost recently completed fiscal quarter, there has been no change in ourinternal control over financial reporting that has materially affected,or is reasonably likely to materially affect, our internal control overfinancial reporting.

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PART II.

OTHER INFORMATION

ITEM 2:    UNREGISTERED SALES OF EQUITYSECURITIES AND USE OF PROCEEDS

On July  7,  2005, weconsummated our initial public offering of 12,000,000 Units, with eachunit consisting of one share of our common stock and two warrants, eachto purchase one share of our common stock at an exercise price of $5.00per share. On July  11,  2005, we closed on an additional1,800,000 units that were subject to the over-allotment option. Theunits were sold at an offering price of $6.00 per unit, generatingtotal gross proceeds of $82,800,000. EarlyBirdCapital, Inc. acted aslead underwriter. The securities sold in the offering were registeredunder the Securities Act of 1933 on a registration statement on FormS-1 (No. 333-124380). The Securities and Exchange Commission declaredthe registration statement effective on June  30,2005.

We paid a total of $6,516,000 in underwriting discounts andcommissions, and approximately $593,000has been or will be paid forcosts and expenses related to the offering.

After deducting theunderwriting discounts and commissions and the offering expenses, thetotal net proceeds to us from the offering were approximately$75,691,000, of which $73,764,000 was deposited into the trust account(or approximately $5.35 per share sold in the offering) and theremaining proceeds are available to be used to provide for business,legal and accounting due diligence on prospective business combinationsand continuing general and administrative expenses.

For adescription of the use of the proceeds generated in our initial publicoffering, see Part I, Item 2 of this Form 10-QSB.

ITEM6:    EXHIBITS

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|  | (a)  | Exhibits: |

31.1— Section 302 Certification by CEO

31.2 —Section 302 Certification by CFO

32.1 — Section906 Certification by 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.

|  | COURTSIDE ACQUISITION CORP. |
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Dated: August 8, 2006

|  | /s/ RichardD. GoldsteinRichard D. Goldstein.Chairman of the Boardand Chief Executive Officer |
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|  | /s/ Carl D.HarnickCarl D. HarnickVice President and Chief FinancialOfficer |
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