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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-QSB
  þ
    
    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended September 30, 2006
 o
    
    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
 For the transition period from to
 Commission file number 0-51720
 InferX Corporation
 (formerly, Black Nickel Acquisition Corp. I)
 Delaware
    
    54-1614664(State or other jurisdiction of incorporation or organization)
    
    (I.R.S. Employer Identification No.)
 
 
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InferX Corporation
 (formerly, Black Nickel Acquisition Corp. I)
 - INDEX -
 PagePART I  FINANCIAL INFORMATION:Item 1. Financial Statements:Balance Sheet
 September 30, 2006 (unaudited)
    
    
    F-1Statements of Operations for the cumulative period during
the development stage May 26, 2005 (inception) to September 30, 2006,
the nine months ended September 30, 2006, the three months ended
September 30, 2006, and the period from May 26, 2005 (inception) to
September 30, 2005 (unaudited)
    
    
    F-2Statement of Changes in Stockholders Equity for the cumulative
period during the development stage May 26, 2005 (inception) to
September 30, 2006 (unaudited)
    
    
    F-3Statements of Cash Flows for the cumulative period during
the development stage May 26, 2005 (inception) to September 30, 2006,
the nine months ended September 30, 2006, and the period from May 26,
2005 (inception) to September 30, 2005 (unaudited)
    
    
    F-4Notes to Interim Unaudited Financial Statements
    
    
    F-5Item 2. Managements Discussion and Analysis or Plan of Operation
    
    
    1Item 3. Controls and Procedures
    
    
    1PART II
 OTHER INFORMATION:Item 1. Legal Proceedings
    
    
    2Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    2Item 3. Defaults Upon Senior Securities
    
    
    2Item 4. Submission of Matters to a Vote of Security Holders
    
    
    2Item 5. Other Information
    
    
    2Item 6. Exhibits
    
    
    2
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Explanatory Note
   ii




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PART I  FINANCIAL INFORMATION
 Item 1. Financial Statements.
 INFERX CORPORATION (formerly, Black Nickel Acquisition Corp. I)
 A Development Stage Company
Balance Sheet (Unaudited)
 September 30, 2006AssetsCurrent AssetsCash and cash equivalents
    
    $
    7,259$
    7,259Liabilities and Stockholders EquityCurrent LiabilitiesAccrued expenses
    
    
    4,000Stockholders EquityPreferred stock  $.0001 par value - 10,000,000 shares
authorized; -0- shares issued and outstanding
    
    
    Common stock  $.0001 par value - 75,000,000 shares
authorized; 1,500,000 shares issued and outstanding
    
    
    150Additional paid-in capital
    
    
    49,850Deficit accumulated during the development stage
    
    
    (46,741
    )3,259$
    7,259
 See accompanying notes to interim unaudited financial statements.
 F-1




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INFERX CORPORATION (formerly, Black Nickel Acquisition Corp. I)
 A Development Stage Company
Statements of Operations (Unaudited)
 Cumulative PeriodFrom May 26,Nine Months
    
    
    Period
    
    
    Three Months
    
    
    Three Months
    
    
    2005 (Inception)Ended
    
    
    May 26, 2005 
    
    
    Ended
    
    
    Ended
    
    
    throughSeptember 30,
    
    
    September 30,
    
    
    September 30,
    
    
    September 30,
    
    
    September 30,2006
    
    
    2005
    
    
    2006
    
    
    2005
    
    
    2006Net Sales
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Cost of Sales
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Gross Profit
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    General and
Administrative
    
    
    28,908
    
    
    
    1,250
    
    
    
    3,868
    
    
    
    
    
    
    
    46,741Net (Loss)
    
    $
    28,908
    
    
    $
    1,250
    
    
    $
    3,868
    
    
    $
    
    
    
    $
    46,741Basic and Diluted
(Loss) Per Share
    
    $
    (0.02
    )
    
    $
    0.00
    
    
    $
    (0.01
    )
    
    $
    0.00
    
    
    $
    (0.04
    )Weighted Average
Number of Common
Shares Outstanding
    
    
    1,500,000
    
    
    
    1,500,000
    
    
    
    1,500,000
    
    
    
    1,500,000
    
    
    
    1,500,000
 See accompanying notes to interim unaudited financial statements.
 F-2




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INFERX CORPORATION (formerly, Black Nickel Acquisition Corp. I)
 A Development Stage Company
Statement of Changes in Stockholders Equity
 (Deficit)AccumulatedAdditional
    
    
    During thePreferred Stock
    
    
    Common Stock
    
    
    Paid-in
    
    
    Development
    
    
    StockholdersShares
    
    
    Amount
    
    
    Shares
    
    
    Amount
    
    
    Capital
    
    
    Stage
    
    
    EquityBalance 
May 26, 2005
    
    
    
    
    
    $
    
    
    
    
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Issuance of
common stock
    
    
    
    
    
    
    
    
    
    
    1,500,000
    
    
    
    150
    
    
    
    49,850
    
    
    
    
    
    
    
    150Net (loss)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (17,833
    )
    
    
    (17,833
    )Balance 
December 31, 2005
    
    
    
    
    
    
    
    
    
    
    1,500,000
    
    
    
    150
    
    
    
    49,850
    
    
    
    (17,833
    )
    
    
    32,167Net (loss)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (28,908
    )
    
    
    (28,908
    )Balance 
September 30,
2006 (unaudited)
    
    
    
    
    
    $
    
    
    
    
    1,500,000
    
    
    $
    150
    
    
    $
    49,850
    
    
    $
    (46,741
    )
    
    $
    3,259
 See accompanying notes to interim unaudited financial statements.
 F-3




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INFERX CORPORATION (formerly, Black Nickel Acquisition Corp. I)
 A Development Stage Company
Statement of Cash Flows (Unaudited)
 CumulativePeriod
    
    
    PeriodFrom May 26,
    
    
    From May 26,Nine Months
    
    
    2005 (Inception)
    
    
    2005 (Inception)Ended
    
    
    through
    
    
    throughSeptember 30,
    
    
    September 30,
    
    
    September 30,2006
    
    
    2005
    
    
    2006Cash Flows from Operating ActivitiesNet (loss)
    
    $
    (28,908
    )
    
    $
    (1,250
    )
    
    $
    (46,741
    )Adjustments to reconcile net (loss) to
net cash (used in) operating activities
    
    
    (1,274
    )
    
    
    1,250
    
    
    
    4,000Accrued expenses
    
    
    (30,182
    )
    
    
    
    
    
    
    (42,741
    )Cash Flows from Financing ActivitiesProceeds from issuance of common stock
    
    
    
    
    
    
    
    
    
    
    50,000Net Increase (Decrease) in Cash and Cash
Equivalents
    
    
    (30,182
    )
    
    
    
    
    
    
    7,259Cash and Cash Equivalents beginning
    
    
    37,441
    
    
    
    
    
    
    
    Cash and Cash Equivalents end
    
    $
    7,259
    
    
    $
    
    
    
    $
    7,259
 See accompanying notes to interim unaudited financial statements.
 F-4




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INFERX CORPORATION (formerly, Black Nickel Acquisition Corp. I)
 A Development Stage Company
Notes to Interim Unaudited Financial Statements
September 30, 2006
 Development Stage Company
   Basis of Presentation for Interim Financial Statements
  Summary of Significant Accounting Policies
  a. Use of Estimates
 F-5




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b. Loss Per Common Share
 c. Fair Value of Financial Instruments
 d. Cash
and Cash Equivalents
 e. Income
Taxes
  Related Party Transaction
  Recent Accounting Pronouncements
  F-6




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Subsequent Event
  F-7




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Item 2. Managements Discussion and Analysis or Plan of Operation.
   Plan of Operation
 Liquidity and Capital Resources
 Results of Operations
 Item 3. Controls and Procedures.
   1




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PART II  OTHER INFORMATION
 Item 1. Legal Proceedings.
  Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
  Item 3. Defaults Upon Senior Securities.
  Item 4. Submission of Matters to a Vote of Security Holders.
  Item 5. Other Information.
   Item 6. Exhibits.
 31.1
    
    
    Certification of the Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).31.2
    
    
    Certification of the Chief Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a).32.1
    
    
    Certification of the Chief Executive Officer and Chief Financial Officer
required by Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C. 1350.99.1
    
    
    Unaudited reviewed financial statements of InferX Corporation, a Virginia
corporation, as of and for the nine months ended September 30, 2006.
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SIGNATURES
  Dated: November 14, 2006
    
    InferX Corporation(formerly, Black Nickel Acquisition Corp. I)By:
    
    
    
    /s/   B.K. GogiaB.K. GogiaPresident and Chief Executive Officer