UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10–Q  (Mark One) [X]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period endedJune 30, 2013  or  [   ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from ____________ to ________________  Commission file number: 333-174261  IMMOBILIARE GLOBAL INVESTMENTS, INC.(Exact name of registrant as specified in its charter)Florida

   

   27-3943293(State or other jurisdiction of incorporation or organization)

   

   (I.R.S. Employer Identification No.)13575 58th Street N., Suite 140, Clearwater, FL 33760(Address of principal executive offices)(602) 885-9792(Registrant’s telephone number, including area code)(Former name, former address and former fiscal year, if changed since last report)
  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]  No []  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [X] No [  ]  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one).  Large accelerated filer [ ]

   

   Accelerated filer [ ]Non-accelerated filer [ ]

   

   Smaller reporting company [X](Do not check if a smaller reporting company)
  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]  As of August 12, 2013 there were 34,657,500 shares of the issuer’s common stock, par value $0.001, outstanding.


---



PART I – FINANCIAL INFORMATION  Item
1.      Financial Statements.  The accompanying
unaudited financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America and the rules of
the Securities and Exchange Commission ("SEC"), and should be read in
conjunction with the audited financial statements and notes thereto contained in
the Company's Form 10-K filed with the SEC on April 16, 2013. In the opinion of
management, all adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the results of
operations for the periods presented have been reflected herein. The results of
operations for the periods presented are not necessarily indicative of the
results to be expected for the full year ending December 31, 2013.    Immobiliare Global
Investments, Inc. and Subsidiary   INDEX TO INTERIM
CONSOLIDATED FINANCIAL STATEMENTS  FOR THE SIX MONTHS
ENDED JUNE 30, 2013  (Unaudited)  PageConsolidated Balance Sheets
    3Consolidated Statements of Operations
    4Consolidated Statements of Cash Flows
    6Notes to the Consolidated Financial
      Statements
    7
  
 2


---



Immobiliare Global
Investments, Inc. Consolidated Balance
Sheets  June 30, 2013
    
    December 31, 2012(Unaudited)
    
    (Audited)ASSETSCurrent AssetsCash
    $
    1,902
    
    $
    2,035Prepaid expenses and escrow funds
    
    4,280
    
    
    1,403Total Current Assets
    
    6,182
    
    
    3,438Land and buildings, net of
      accumulated depreciation of $252,796 and $241,826,
    respectively
    
    811,891
    
    
    822,861Other assets
    
    2,300
    
    
    2,300Total Assets
    $
    820,373
    
    $
    828,599LIABILITIES AND STOCKHOLDERS’
      DEFICIENCYLiabilitiesCurrent LiabilitiesCurrent portion of mortgage notes
    payable
    $
    21,248
    
    $
    20,641Accounts payable
    
    63,900
    
    
    50,000Line of credit
    
    6,674
    
    
    4,834Due to related parties
    
    47,955
    
    
    44,876Accrued related party compensation
    
    84,000
    
    
    84,000Accrued interest
    
    22,777
    
    
    10,777State tax payable
    
    100
    
    
    100Total Current Liabilities
    
    246,654
    
    
    215,228Other LiabilitiesMortgage notes payable
    
    821,021
    
    
    830,189Acquisition note payable to
    stockholders
    
    800,000
    
    
    800,000Tenant deposits
    
    10,008
    
    
    10,008Total Liabilities
    
    1,877,683
    
    
    1,855,425Stockholders’ DeficiencyPreferred stock, $0.0001
      par value, 100,000,000 shares authorized; 100,000 shares issued and
      outstanding, respectively
    
    10
    
    
    10Common stock, $0.001 par
      value, 400,000,000 shares authorized; 34,657,500 and 4,457,500 shares
      issued and outstanding, respectively
    
    34,658
    
    
    4,458Additional paid-in capital
    
    (556,968)
    
    
    (556,968)Accumulated deficit
    
    (535,010)
    
    
    (474,326)Total Stockholders’ Deficiency
    
    (1,057,310)
    
    
    (1,026,826)Total Liabilities and Stockholders’
      Deficiency
    $
    820,373
    
    $
    828,599
 The notes are an
integral part of these consolidated financial statements.  
 3


---



Immobiliare Global Investments, Inc. Consolidated Statements of Operations (Unaudited)  Three Months Ended June 30,

   

   

   Six Months Ended June 30,2013

   

   

   2012

   

   

   2013

   

   

   2012Rental income

   $

   24,236

   

   $

   31,884

   

   $

   47,395

   

   $

   63,310Operating Expenses:General and administrative

   

   18,438

   

   

   13,079

   

   

   36,007

   

   

   206,374Stock based compensation

   

   -

   

   

   -

   

   

   15,200

   

   

   -Depreciation and amortization

   

   6,630

   

   

   7,202

   

   

   10,970

   

   

   14,749Total operating expenses

   

   25,068

   

   

   20,281

   

   

   62,177

   

   

   221,123Net operating income (loss)

   

   (832)

   

   

   11,603

   

   

   (14,782)

   

   

   (157,813)Interest expenses

   

   22,268

   

   

   23,578

   

   

   44,706

   

   

   47,196Net loss before taxes

   

   (23,100)

   

   

   (11,975)

   

   

   (59,488)

   

   

   (205,009)xpenseProvision for income tax expense

   

   1,196

   

   

   -

   

   

   1,196

   

   

   -Net loss

   $

   (24,296)

   

   $

   (11,975)

   

   $

   (60,684)

   

   $

   (205,009)Loss per share, primary and dilutive

   $

   (0.00)

   

   $

   (0.00)

   

   $

   (0.00)

   

   $

   (0.03)Weighted average shares outstanding, primary and dilutive

   

   34,657,500

   

   

   6,457,500

   

   

   31,817,721

   

   

   6,455,467
  The notes are an integral part of these consolidated financial statements.


---



Immobiliare Global
Investments, Inc. Consolidated
Statements of Cash Flows (Unaudited)  Six Months Ended June
      30,2013
    
    
    2012Cash Flows from Operating Activities:Net loss
    $
    (60,684)
    
    $
    (205,009)Adjustments to reconcile
      net income to net cash provided by operations:Depreciation and amortization
    
    10,970
    
    
    14,749Stock-based and non-cash compensation
    
    15,200
    
    
    -Changes in assets and liabilities:Prepaid expenses and escrow funds
    
    (2,877)
    
    
    122,329Accounts payable and accrued expenses
    
    25,900
    
    
    49,958Net cash (Used) Provided by Operating
      Activities
    
    (11,491)
    
    
    (17,973)Cash Flows from Investing Activities:Net cash Used by Investing Activities
    
    -
    
    
    -Cash Flows from Financing Activities:Proceeds from issuance of common
stock
    
    15,000
    
    
    -Proceeds from related party loans
    
    3,079
    
    
    25,000Payments on mortgage notes payable
    
    (8,560)
    
    
    (9,599)Net proceeds from line of credit
    
    1,839
    
    
    333Net cash (Used) provided by Financing
      Activities
    
    11,358
    
    
    15,734Net decrease in cash
    
    (133)
    
    
    (2,239)Cash at beginning of period
    
    2,035
    
    
    6,078Cash end of period
    $
    1,902
    
    $
    3,839Supplemental Cash Flow Disclosure:Interest paid
    $
    10,268
    
    $
    47,196State taxes paid
    $
    1,196
    
    $
    -Non Cash Disclosure:Stock issued for compensation
    $
    15,200
    
    $
    -
  The notes are an integral part of these
consolidated financial statements.   
 5


---



Immobiliare Global Investments, Inc. and
Subsidiary Notes to
the Consolidated Financial Statements June 30,
2013 (Unaudited)  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES  Organization and Business Activity  Immobiliare Global
Investments, Inc. (the “Company” or “Immobiliare”) was incorporated on July 1,
2010 in the State of Florida and commenced operations on that day. Thomas
Investment Holdings, LLC (“Thomas”) was a privately-held limited liability
company that was organized on April 23, 2004 in the State of Utah. 
Effective November 10, 2010 the companies, completed the purchase and sale
agreement between Thomas and Immobiliare and the member of Thomas, pursuant to
which Immobiliare acquired all of the membership shares of Thomas by issuing
125,000 shares of common stock to the selling members and notes payable to the
previous member of Thomas in the amount of $800,000 for a total consideration of
$812,500. Consummation of the merger did not require a vote of the Immobiliare
shareholders. As a result of the acquisition, the shareholders of Thomas did not
own a majority of the voting stock of Immobiliare and Thomas is a wholly owned
subsidiary of Immobiliare.  The previous majority shareholder of Thomas is
a material shareholder, although not a majority shareholder, and the President
and CEO of Immobiliare.  Although Thomas became
a wholly owned subsidiary of Immobiliare in the merger, for financial reporting
purposes Thomas is treated as "accounting acquirer" because its previous
majority shareholder continued to own a material interest in Immobiliare and is
the President and CEO of Immobiliare. Accordingly, the historical consolidated
financial statements prior to the date of merger that are included in these
consolidated financial statements for comparative purposes are the financial
statements of Thomas. In accounting for this reverse merger, the legal share
capital is that of Immobiliare (the legal parent).  In consolidation, the
original investment in Thomas has been recorded as a distribution to the former
owners of Thomas.  The Company operates
in the real estate industry, primarily in the area of investing in land and
buildings to earn rental income in Salt Lake City, Utah.  Principles of Consolidation  The accompanying
consolidated financial statements include the accounts of the Company and its
wholly owned subsidiary, Thomas Investment Holdings, LLC. All significant
intercompany balances and transactions have been eliminated in these
consolidated financial statements.  The original investment by Immobiliare
in Thomas has been recorded as a distribution to the former owners of Thomas.  Basis of Accounting  The unaudited
financial statement and notes are presented in accordance with accounting
principles generally accepted in the United States of America (GAAP).These interim financial statements include all
adjustments that, in the opinion of management, are necessary in order to make
the financial statements not misleading.  Interim Financial
Statements  The interim financial
information referred to above has been prepared and presented in conformity with
accounting principles generally accepted in the United States applicable to
interim financial information and with the instructions to Form 10-Q and Article
8 of Regulation S-X. The interim financial information has been prepared on a
basis consistent with prior interim periods and years and includes all
disclosures that are necessary and required by applicable laws and
regulations.  Use of estimates  The preparation of
financial statements in accordance with GAAP requires management to make
estimates andassumptions that
affect the reported amounts of assets and liabilities, disclosure of contingent
assets and liabilities at the date of the financial statements, and revenues and
expenses during the reporting period. Actual results could differ from those
estimates. Significant estimates in the accompanying consolidated financial
statements include the amortization period for intangible assets, valuation and
impairment of intangible assets, depreciable lives of the real property and the
valuation allowance on deferred tax assets.  
 6


---



Cash and Cash Equivalents  Cash equivalents are generally comprised of certain
highly liquid investments with maturities of three months or less.  Concentrations of Credit Risk  The Company's
financial instruments that are exposed to concentrations of credit risk consist
primarily of temporary cash investments and trade accounts receivable. The
Company maintains its cash balances at a financial institution. At times such
investments may exceed federally insured limits. The Company has not experienced
any losses in such accounts. The Company believes it is not exposed to any
significant credit risk on cash. The Company believes it is not exposed to any
significant credit risk on trade accounts receivable because the Company
routinely assesses the financial strength of its customers before extending
credit.  Land and Buildings  Land and buildings are
stated at cost net of accumulated depreciation. Land is not depreciated.
Depreciation on buildings is computed using the straight-line method over the
estimated useful lives of the buildings, generally twenty-seven and a half
years. Depreciation begins in the month of acquisition or when constructed
buildings are ready for their intended use.  Costs of renewals and
improvements which substantially extend the useful life of the buildings are
capitalized. Upon retirement, sale or other disposition, the cost and
accumulated depreciation are eliminated from the respective accounts and any
resulting gain or loss is included in operations. Maintenance and repairs are
expensed as incurred.  Intangible Assets  Intangible assets with
finite lives consist of capitalized loan costs and are amortized using the
straight-line method over their estimated useful lives.  Income Taxes  Income taxes are
provided for the tax effects of transactions reported in the financial
statements and consist of taxes currently due plus deferred taxes related
primarily to the difference between the bases of certain assets and liabilities
for financial reporting and income tax reporting. Valuation allowances are
established, if necessary, to reduce the deferred tax asset to the amount that
will more likely than not be realized.  Upon completion of the
November 10, 2010 transaction with Immobiliare, Thomas ceased to be treated as a
partnership for income tax purposes, resulting in (1) the imposition of income
tax at the corporate level instead of the individual member level and (2) the
inability to continue to elect to be taxed on a Cash Basis resulting in a
potential transitional income tax liability. The potential liability is subject
to special transitional rules that may allow such amounts, once they have been
determined, to be paid over a four year period pursuant to the IRS code. The
former members of the limited liability company have undertaken to provide such
assistance as may be necessary to minimize the Company's exposure to such
potential tax liability.  Revenue Recognition  Revenue is recognized
when rental income is received due to the uncertainty associated with collecting
the income. Lessors are generally on a month to month rental basis.   
 7


---



Earnings (Loss) per Share  Basic
earnings (loss) per share calculations are determined by dividing net income
(loss) by the weighted average number of shares outstanding during the period.
Diluted earnings (loss) per share calculations are determined by dividing net
income (loss) by the weighted average number of shares. During the periods ended
June 30, 2013 and 2012, there were no dilutive common stock equivalents
outstanding.  NOTE 2 -
GOING CONCERN  The
accompanying consolidated financial statements have been prepared on a going
concern basis, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business.  The Company sustained net
losses of $60,684 and used cash in operating activities of $11,491 for the
period ended June 30, 2013.  The Company had a working capital deficiency,
stockholders’ deficiency and accumulated deficit of $240,471, $1,057,309 and
$535,010, respectively, at June 30, 2013.  These factors raise substantial
doubt about the ability of the Company to continue as a going concern for a
reasonable period of time.  The Company’s continuation as a going
concern is dependent upon its ability to generate revenues and its ability to
continue receiving capital from third parties.  No assurance can be
given that the Company will be successful in these efforts.  The
consolidated financial statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts or the amounts and
classification of liabilities that might be necessary should the Company be
unable to continue as a going concern.  NOTE 3 - LAND AND BUILDINGS  Land and buildings consisted of the following:  June 30, 2013
    
    December 31,
    2012Land
    $
    285,371
    
    $
    285,371Buildings and improvements, at cost
    
    778,361
    
    
    778,361Furniture
    
    955
    
    
    9551,064,687
    
    
    1,064,687Less: accumulated depreciation
    
    (252,796)
    
    
    (241,826)Land and Buildings, net
    $
    811,891
    
    $
    822,861
  Depreciation expense was $10,970 and $14,749 for the
periods ended June 30, 2013 and 2012.  NOTE 4 - LINE OF CREDIT PAYABLE  The Company has a line
of credit with a local credit union for $6,000. The line of credit is unsecured,
bears interest at 18% per annum and matures annually. At June 30, 2013 and
December 31, 2012 the balance drawn on the line of credit was $6,674 and $4,834,
respectively.  At June 30, 2013, the Company was $674 over the available
credit on this line.  NOTE 5 - INCOME TAXES  During the periods
ended June 30, 2013 and 2012, the Company had losses of $60,684 and $205,009,
respectively. The losses generated $1,196 for a state income tax provision and
$0 for a federal income tax provision using a blended income tax rate of 23.73%
for 2013 and 37.25% for 2012 after an allowance for deferred tax asset
realization.  The components of income tax expense attributable to
continuing operations for the periods ended June 30, 2013 and 2012 are as
follows:   
 8


---



2013

   

   2012Deferred federal income tax benefit

   

   $

   11,400

   

   $

   69,700Deferred State income tax benefit and provision

   

   

   1,804

   

   

   6,700Change in allowance for deferred tax assets

   

   

   (14,400)

   

   

   (76,400)Provision for income tax expense

   

   $

   1,196

   

   $

   -
  During the period ended June 30, 2013, the Company had a state income tax expense of $1,196 related to their December 31, 2012 tax return.  Our tax returns for 2009 – 2012 are open to audit by the Internal Revenue Services.  The net operating losses begin expiring in 2031.  NOTE 6 - ACQUISITION NOTES PAYABLE TO STOCKHOLDERS  The former member of Thomas was given a note as consideration for the membership of Thomas Investment Holdings, LLC together with 125,000 shares of restricted common stock of the Company. The note bears interest at 4.5%, and is payable in monthly interest only installments from January 1, 2011. The notes must be repaid by November 10, 2014 or the membership interests of Thomas Investment Holdings, LLC must be returned to the holders. The notes are secured by membership interests in Thomas Investments, LLC and by the individual real properties owned by Thomas Investments, LLC and operated by the Company.  Wayne Middleton has designated a portion of this note to be payable to William Middleton under the same terms.  Acquisition note payables at June 30, 2013 and December 31, 2012 are as follows:  June 30, 2013

   

   

   December 31, 2012Note payable to Wayne Middleton, due November 10, 2014, with monthly payments of interest only, secures by membership interest in Thomas Investment Holdings LLC and real estate. $80,000 of this note is designated as payable to William Middleton under the same terms.

   

   

   $

   800,000

   

   

   $

   800,000
  NOTE 7 - MORTGAGE NOTES PAYABLE  The Company issued a number of mortgage notes to acquire property.  These notes are generally payable in monthly installments of interest and principle and secured by property in and around Salt Lake City, Utah (SLC).  Mortgage note payables at June 30, 2013 and December 31, 2012 are as follows:  June 30, 2013

   

   

   December 31, 2012Note to a credit union, interest at 6%, due in monthly installments of $1,876, including interest, secured by a home and duplex on Major St, SLC and maturing May 2014

   

   

   $

   231,013

   

   

   $

   234,569Note to a finance company, interest at 6.63%, due in interest only installments of $496, including interest, secured by 1414 S 900 W, SLC and maturing in November 2034

   

   

   

   89,825

   

   

   

   89,825Note to a finance company, interest at 9.75%, due in monthly installments of $206, including interest, secured by 1414 S 900 W, SLC and maturing August 2020

   

   

   

   22,432

   

   

   

   22,572Note to a bank, interest at 6.75%, due in interest only installments of $526, including interest, secured by 476 S Concord, SLC and maturing November 2035

   

   

   

   93,597

   

   

   

   93,597Note to a finance company, interest at 11.5%, due in monthly installments of $248, including interest, secured by 476 S Concord, SLC and maturing November 2020

   

   

   

   23,895

   

   

   

   24,006Note to a bank, interest at 7.38%, due in interest only installments of $587, including interest, secured by 345 N 1200 W, SLC and maturing November 2035

   

   

   

   86,685

   

   

   

   87,003Note to a finance company, interest at 10%, due in monthly installments of $158, including interest, secured by 345 N 1200 W, SLC and maturing November 2035

   

   

   

   16,922

   

   

   

   17,021Note to a bank, interest at 7.38%, due in interest only installments of $699, including interest, secured by 1111 W 900 S, SLC and maturing November 2035

   

   

   

   84,818

   

   

   

   85,128Note to a finance company, interest at 10%, due in monthly installments of $155, including interest, secured by 1111 W 900 S, SLC and maturing November 2035

   

   

   

   16,348

   

   

   

   16,459Note to a credit union, interest at 5%, due in monthly installments of $1,546, including interest, secured by land and buildings on Major St, SLC and maturing April 2026

   

   

   

   176,734

   

   

   

   180,650Total mortgage notes payable

   

   

   

   842,269

   

   

   

   850,830Less current portion of mortgage notes payable

   

   

   

   21,248

   

   

   

   20,641Long-term portion of mortgage notes payable

   

   

   $

   821,021

   

   

   $

   830,189


---



Aggregate maturities of mortgage notes payable for each
of the next five years is as follows:  2013
    
    
    $
    12,0802014
    
    
    
    238,5592015
    
    
    
    13,4102016
    
    
    
    14,2002017
    
    
    
    15,100Thereafter
    
    
    
    548,920$
    842,269
  NOTE 8 - EQUITY  Preferred Stock Rights and Privileges   
 10


---



The Company is
authorized to issue 100,000,000 of preferred stock with a par value of $0.0001
per share.  Currently there are a total of 100,000 shares of Preferred "C"
shares outstanding.  There are no Preferred “A” or “B” shares designated at
this time.  Each Preferred "C" Share is entitled to cast five thousand
(5,000) votes. These shares were issued in proportional amounts to the original
founding stockholders, no payment was received. The class "C" preferred stock
has no equity conversion rights. The shares contain a restriction on
transferability which prohibits the transfer of the shares without prior written
approval of the Board of Directors of the Company.  There were no preferred shares issued during the period
ended June 30, 2013 and the year ended December 31, 2012.  Common Stock issues  The Company is authorized to issue up to 400,000,000
shares of common stock with a par value of $0.001 per share.  Effective August 28, 2012, the Company
effected a 1 for 1,000 reverse split on its common stock outstanding, under
which each stockholder of record on that date received one (1) new share of the
Corporation’s $0.001 par value common stock for every one thousand (1,000) old
shares owned.  Effective January 7, 2013, the Company
effected a 100 for 1 forward split on its common stock outstanding, under which
each shareholder of record on that date received one hundred (100) new shares of
the Corporation’s $0.001 par value common stock for every one (1) old share
owned.  During the year ended December 31, 2012, the
Company had transactions in shares of its common stock as follows, retroactively
adjusted to give effect to the two stock splits, effectively adjusted for a net
1 for 10 reverse split:  ·On March 15, 2012, the Company issued 5,000 shares to an
officer of the Company as compensation for services.  This stock was valued
at $12,500.  ·On April 16, 2012, former directors of the Company
cancelled 2,000,000 of their shares.  During the period ended June 30, 2013, the
Company had transactions in shares of its common stock as follows:  ·On January 15, 2013, the Company issued 15,000,000 shares
to an officer and a director of the Company for cash of $15,000.  ·On January 21, 2013, the Company issued 15,000,000 shares
to a company controlled by a former director of the Company as compensation for
services.  This stock was valued at $15,000.  ·On January 21, 2013, the Company issued 200,000 shares to
an officer of the Company as compensation for services.  This stock was
valued at $200.  NOTE 9 – RELATED PARTY TRANSACTIONS  During the period ended June 30, 2013, the Company made a
total of $6,000 in interest payments on the acquisition notes payable to two
stockholders.  Another $12,000 of interest was accrued as of June 30,
2013.  The directors of the Company had agreements providing
them compensation of $7,000 per month starting in January 2011.  Each of
the four directors accrued $21,000 in compensation for the first quarter. 
The board agreed to stop these accruals as of April 1, 2011 until further
notice.  None of this compensation has been paid.  The accrued salary
is shown on the balance sheet as accrued compensation as of June 30, 2013 and
December 31, 2012.  From time
to time an officer may pay an expense for or loan money to the Company with the
expectation of being reimbursed.  These loans are temporary in nature, do
not accrue interest and are unsecured.  At June 30, 2013 and December 31,
2012, the Company owed $47,955 and $44,876 to officers for temporary loans,
respectively.   
 11


---



NOTE 10 – CONTINGENCIES  From time to time the Company may be a party to
litigation matters involving claims against the Company. Management believes
that there are no current matters that would have a material effect on the
Company’s financial position or results of operations other than what is noted
here.  Upon effective date of
the registration statement by the SEC, which occurred on February 8, 2012, the
agreement with the attorney calls for an additional payment of $50,000 that will
be paid by the Company. This contingent fee has been recorded accordingly in
accounts payable on the accompanying consolidated balance sheets at March 31,
2013 and December 31, 2012, respectively.  NOTE 11 – SUBSEQUENT EVENTS  In accordance with ASC 855-10,
Company management reviewed all material events through the date of this report
and determined that there are no material subsequent events to
report.   
 12


---



Item 2. Management's
Discussion and Analysis of Financial Condition and Results of Operations  This report on Form
10-Q contains forward-looking statements within the meaning of Rule 175 of the
Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934,
as amended, that involve substantial risks and uncertainties. These
forward-looking statements are not historical facts, but rather are based on
current expectations, estimates and projections about our industry, our beliefs
and our assumptions. Words such as “anticipate”, “expects”, “intends”, “plans”,
“believes”, “seeks” and “estimates” and variations of these words and similar
expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond our control and
difficult to predict and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking statements. You should not
place undue reliance on these forward-looking statements, which apply only as of
the date of this Form 10-Q. Investors should carefully consider all of such
risks before making an investment decision with respect to the Company’s stock.
The following discussion and analysis should be read in conjunction with our
consolidated financial statements and summary of selected financial data
for Immobiliare Global Investments, Inc. Such discussion represents only the
best present assessment from our Management.  Description of the Company  Our Company is
involved in real estate investments through our wholly owned subsidiary, Thomas
Investment Holdings, LLC (“Thomas” or “TIH”), a Utah limited liability company.
Thomas presently owns several parcels of real estate in Salt Lake City, Utah
from which it receives rental income. For the next twelve (12) month period we
propose to develop a state of the art self-storage facility totaling 53,400
square feet along with 900 units, located in Salt Lake City, Utah.  The Company was
incorporated in Florida on July 1, 2010, as Immobiliare Investors, Inc. On
November 1, 2010 we amended our articles of incorporation and changed our name
to Immobiliare Global Investments, Inc.  On February 8, 2012,
the Company became effective with the SEC.  As of this filing, the
Company has not filed with FINRA for its trading symbol.  The Company has one
wholly-owned subsidiary, Thomas Investment Holdings, LLC.  The following
Management Discussion and Analysis should be read in conjunction with the
consolidated financial statements and accompanying notes included in on our Form
10-K, as filed with the SEC on April 16, 2013.  Executive Summary  For the period ended
June 30, 2013, we reported rental income of $47,395, a decrease of $15,915, or
25%, over the $63,310 reported for the period ended June 30, 2012. Operating and
interest expenses, which include all interest, depreciation, selling, general
and administrative costs, decreased $161,436, or 60%, to $106,883 for the period
ended June 30, 2013 as compared to $268,319 for the period ended June 30,
2012.  Net loss for the period ended June 30, 2013 was $60,684 compared to
net loss of $205,009 for the period ended June 30, 2012.  Results of
Operations  The following summary of our results of operations should
be read in conjunction with our consolidated financial statements for the
periods ended June 30, 2013 and 2012.  Our operating results for the period ended June 30, 2013
and 2012 are summarized as follows:  Six Months Ended June
      30,2013
    
    
    2012Revenue
    $
    47,395
    
    $
    63,310Operating expenses
    
    62,177
    
    
    221,123Net operating loss
    
    (14,782
    )
    
    (157,813
    )Interest expenses
    
    44,706
    
    
    47,196Provision for income tax
    
    -
    
    
    -Net Loss
    $
    (60,684
    )
    $
    (205,009
    )
  
 13


---



Revenue  We earned revenues of $47,395 for the six months ended
June 30, 2013 compared to revenues of $63,310 for the six months ended June 30,
2012.  Expenses  Our total expenses for the periods ended June 30, 2013
and 2012 are outlined in the table below:  Six Months Ended June
      30,2013
    
    
    2012General and administrative
    $
    36,007
    
    $
    206,374Stock based compensation
    
    15,200
    
    
    -Depreciation and amortization
    
    10,970
    
    
    14,749Interest expense
    
    44,706
    
    
    47,196Total
    $
    106,883
    
    $
    268,319
  Expenses for the six months ended June 30, 2013,
decreased by 60% as compared to the comparative period in 2012 primarily as a
result of a one time commitment for legal fees related to our S-1 Registration
filing with the SEC.  A significant portion of expenses for the six months
ended June 30, 2012, $175,000, resulted from the legal fees that were due when
our S-1 became effective on February 8, 2012. During the period ended June 30,
2013, we issued 15,200,000 shares valued at $0.001 per share, for stock based
compensation of $15,200.  Liquidity and Capital Resources  General  At June 30, 2013 we had cash and cash equivalents of
$1,902. We have historically met our cash needs through a combination of cash
flows from operating activities, proceeds from private placements of our
securities and loans. Our cash requirements are generally for selling, general
and administrative activities. We believe that our cash balance is not
sufficient to finance our cash requirements for expected operational activities,
capital improvements, and partial repayment of debt through the next 12
months.  Our operating activities used cash of $11,491for the six
months ended June 30, 2013, compared to cash used by operating activities of
$17,973 during the same period in 2012. The principal elements of cash flow from
operations for the period ended June 30, 2013 included a net loss of $60,684
offset by depreciation and amortization, $10,970, stock-based compensation,
15,200, and accounts payable and accrued expenses, $25,900.  Cash generated in our financing activities was $11,358
for the six months ended June 30, 2013, compared to cash generated in financing
activities of $15,734 during the comparable period in 2012. During the period
ended June 30, 2013, we received $15,000, or $0.001 per share, from the sale of
15,000,000 shares to an officer and director of the company.  Cash used in investing activities during the six months
ended June 30, 2013 and 2012 was $nil.  Liquidity and Financial Condition  Working CapitalAt
    
    
    AtJune 30,
    
    
    December
      31,
    
    
    Increase/2013
    
    
    2012
    
    
    (Decrease)Current Assets
    $
    6,182
    
    $
    3,438
    
    $
    2,744Current Liabilities
    $
    246,654
    
    $
    215,228
    
    $
    31,426Working Capital Deficiency
    $
    (240,472
    )
    $
    (211,790
    )
    $
    (28,682
    )


14

---



Cash FlowsSix Months
      Ended
    
    
    Six Months
      EndedJune 30,
    
    
    June 30,2013
    
    
    2012Net Cash Used by Operating Activities
    $
    (11,491
    )
    $
    (17,973
    )Net Cash Used by Investing Activities
    $
    -
    
    $
    -Net Cash Provided by Financing Activities
    $
    11,358
    
    $
    15,734Net Increase (Decrease) in Cash During the Period
    $
    (133
    )
    $
    (2,239
    )
  We will require
additional funds to fund our budgeted expenses in the future. These funds may be
raised through equity financing, debt financing, or other sources, which may
result in further dilution in the equity ownership of our shares. There is no
assurance that we will be able to maintain operations at a level sufficient for
an investor to obtain a return on their investment in our common stock. Further,
we may continue to be unprofitable. We may need to raise additional funds in the
future in order to proceed with our budgeted expenses. Additionally, there is no
assurance that any party will advance additional funds to us in order to enable
us to sustain our plan of operations or to repay our liabilities.  Contractual Obligations  As a “smaller reporting company”, we are not required to
provide tabular disclosure obligations.  Going Concern  The
Company sustained net losses of $60,684 and used cash in operating activities of
$11,491 for the period ended June 30, 2013.  The Company had a working
capital deficiency, stockholders’ deficiency and accumulated deficit of
$240,472, $1,057,310 and $535,010, respectively, at June 30, 2013.  These
factors raise substantial doubt about the ability of the Company to continue as
a going concern for a reasonable period of time.  The Company’s
continuation as a going concern is dependent upon its ability to generate
revenues and its ability to continue receiving capital from third
parties.  No assurance can be given that the Company will be
successful in these efforts.  Off-Balance Sheet Arrangements  We have no off-balance sheet arrangements that have or
are reasonably likely to have a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that is
material to stockholders.  Item 3. Quantitative and Qualitative Disclosures about
Market Risk  As a “smaller reporting company”, we are not required to
provide the information required by this Item.  Item 4. Controls and Procedures  We maintain disclosure controls and procedures that are
designed to ensure that information required to be disclosed in our reports
filed under the Securities Exchange Act of 1934, as amended, is recorded,
processed, summarized and reported within the time periods specified in the
Securities and Exchange Commission's rules and forms, and that such information
is accumulated and communicated to our management, including our president and
chief executive officer (our principal executive officer) and our chief
financial officer (our principal financial officer and principal accounting
officer), to allow for timely decisions regarding required disclosure.  As of the end of the fiscal quarter covered by this
report, we carried out an evaluation, under the supervision and with the
participation of our president and chief executive officer (our principal
executive officer) and our chief financial officer (our principal financial
officer and principal accounting officer), of the effectiveness of the design
and operation of our disclosure controls and procedures. Based on the foregoing,
our president and chief executive officer (our principal executive officer) and
our chief financial officer (our principal financial officer and principalaccounting officer)
concluded that our disclosure controls and procedures were not effective as of
the end of the period covered by this quarterly report.


15

---



Changes in Internal Control Over Financial
Reporting  There were no changes in our internal control over
financial reporting that occurred during the quarter ended June 30, 2013 that
have materially affected, or are reasonably likely to materially affect, our
internal control over financial reporting.  PART II – OTHER
INFORMATION  Item 1. Legal Proceedings  We know of no material, existing or pending legal
proceedings against our company, nor are we involved as a plaintiff in any
material proceeding or pending litigation. There are no proceedings in which any
of our directors, officers or affiliates, or any registered or beneficial
shareholder, is an adverse party or has a material interest adverse to our
interest.  Item 1A. Risk Factors.  There have been no material changes to any risk factors
affecting our Company as disclosed by us in our Annual Report on Form 10-K for
the year ended December 31, 2012.  Item 2. Unregistered Sales of Equity Securities and Use
of Proceeds  None.  Item 3. Defaults upon Senior Securities  None.  Item 4. Mining Safety Disclosure  Not applicable.  Item 5. Other Information  None.  Item 6.  Exhibits  The following exhibits
are included as part of this report:  Exhibit
    No.
    Description31.1 / 31.2
    Rule
      13(a)-14(a)/15(d)-14(a) Certification of Principal Executive and Financial
      Officer32.1 / 32.2
    Rule 1350 Certification of
      Principal Executive and Financial Officer101.INS*
    XBRL
  Instance101.SCH*
    XBRL Taxonomy Extension
      Schema101.CAL*
    XBRL Taxonomy Extension
      Calculations101.DEF*
    XBRL Taxonomy Extension
      Definitions101.LAB*
    XBRL Taxonomy Extension
      Labels101.PRE*
    XBRL Taxonomy Extension
      Presentation* XBRL Information is
      furnished and not filed or a part of a registration statement or
      prospectus for purposes of sections 11 or 12 of the Securities Act of
      1933, as amended, is deemed not filed for purposes of Section 18 of the
      Securities Exchange Act of 1934, as amended, and otherwise is not subject
      to liability under these sections.


16

---



SIGNATURES  Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.  IMMOBILIARE GLOBAL INVESTMENTS, INC.(Registrant)Dated: August 19, 2013

   /s/ Wayne MiddletonWayne MiddletonPrincipal Executive OfficerDated: August 19, 2013

   /s/ Bradford MargettsBradford MargettsPrincipal Financial and Accounting Officer