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| OMB APPROVAL                                                                                                       |
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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-QSB**

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2005

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from to

Commission file number 000-50898

_____________**INverso Corp.**__________**___**

(Exact name of small business issuer as specified in its charter)

**
 Delaware

34-1996527

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)
**

 

 **4201 Massachusetts Ave NW #8037C, Washington, DC 20016**

(Address of principal executive offices)            (Zip Code)

Issuer's telephone number (**202**) _**364-8395**_________________________

 

                                                    **None                                            **

(Former name, former address and former fiscal year, if changed since last report)

 

Checkwhether the issuer (1) filed all reports required to be filed bySection 13 or 15(d) of the Exchange Act during the past 12 months (orfor such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for thepast 90 days. Yes [X] No [ ]

Statethe number of shares outstanding of each of the issuer's classes ofcommon equity, as of the latest practicable date: 22,000,000 shares ofcommon stock with $0.00001 par value

Transitional Small Business Disclosure Format (Check one): Yes[X] No [ ]

**Personswho respond to the collection of information contained in this form arenot required to respond unless the form displays a currently valid OMBcontrol number.**

Page 1

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**Table of Contents**

Part I - Financial Information.... 3

Item 1. Financial Statements................. 3

Item 2. Management's Discussion and Analysis.... 8

Item 3. Controls and Procedures................. 9

PART II........ 9

Item 1.  Legal Proceedings................ 9

Item 2.  Changes in Securities and Use of Proceeds.. 9

Item 3.  Defaults Upon Senior Securities.. 9

Item 4.  Submission of Matters to a Vote of Security Holders.... 9

Item 5.  Other Information................. 9

Item 6.  Exhibits and Reports on Form 8-K. 9

 

### Forward Looking Statements

In this filing references to "INverso," "we," "us," and "our" refer to INverso Corp. of Delaware.

ThisForm 10-QSB contains certain forward-looking statements.  For thispurpose any statements contained in this Form 10-QSB that are notstatements of historical fact may be deemed to be forward-lookingstatements. Without limiting the foregoing, words such as "may,""will," "expect," "believe," "anticipate," "estimate" or "continue" orcomparable terminology are intended to identify forward-lookingstatements. By their nature these statements involve substantial risksand uncertainties, and actual results may differ materially dependingon a variety of factors, many of which are not within our control.These factors include but are not limited to economic conditionsgenerally and in the industries in which we may participate;competition within our chosen industry, including competition from muchlarger competitors; technological advances and failure by us tosuccessfully develop business relationships or consummate a businesstransaction, as defined below.

 

Page 2

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**Part I - Financial Information**

## Item 1. Financial Statements.

INVERSO CORP.A DEVELOPMENT STAGE COMPANYBALANCE SHEETSEPTEMBER 30, 2005 AND SEPTEMBER 30, 2004

**ASSETS**

| CURRENT ASSETS:                                                   | September 30, 2005 | September 30, 2004 |
|-------------------------------------------------------------------|--------------------|--------------------|
|            CASH | $   100  | $   100  |
| **TOTAL CURRENT ASSETS**                                          |    100   |    100   |
|                                                              |               |               |
| **TOAL ASSETS:**                                                  | $   100  | $   100  |

**LIABILITIES AND STOCKHOLDERS' EQUITY**

| CURRENT LIABILITIES:                                                                                                                                                                                                                                                                                                         |                              |                                   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|----------------------------------------|
|            ACCOUNTS PAYABLE                                                                                                                                                                                                                                                | $ 1,000                           | $ 0                                    |
| **TOTAL CURRENT  LIABILITIES**                                                                                                                                                                                                                                                                                          |   1,000                      |   0                               |
|                                                                                                                                                                                                                                                                                                                         |                              |                                   |
| LONG-TERM DEBT, NET OF CURRENT PORTION:                                                                                                                                                                                                                                                                                      |                              |                                   |
|            LOAN FROM SHAREHOLDERS                                                                                                                                                                                                                                          | 2,114                             |    1,244                     |
| **TOTAL LONG-TERM DEBT, NET OF CURRENT PORTION**                                                                                                                                                                                                                                                                             |     1,614          |   1,244                           |
|                                                                                                                                                                                                                                                                                                                         |                              |                                   |
| **STOCKHOLDERS' EQUITY:**                                                                                                                                                                                                                                                                                                    |                              |                                   |
|             COMMON STOCK, $0.000001 PAR VALUE;            AUTHORIZED 100,000,000 SHARES; ISSUED AND             OUTSTANDING: 22,000,000 SHARES @.000001 |       22 |        0 |
|             PAID-IN CAPITAL                                                                                                                                                                                                                                           |       78 |     100                 |
|             ACCUMULATED DEFICIT DURING DEVELOPMENT

            STAGE                                                                                                                                          | (3,114)                           | (1,244)                                |
| **TOTAL STOCKHOLDERS' EQUITY**                                                                                                                                                                                                                                                                                               | (3,014)                           | (1,144)                                |
|                                                                                                                                                                                                                                                                                                                         |                              |                                   |
| EARNINGS PER SHARE:                                                                                                                                                                                                                                                                                                          |                              |                                   |
|             NET LOSS OF -1,370 AND -1,244; 22,000,000             WEIGHTED AVERAGE NUMBER OF COMMON SHARES             OUTSTANDING                      |    (500)                | (1,244)                                |
|             BASIC LOSS PER COMMON SHARE                                                                                                                                                                                                                               | $(0.000023)                       | $(0.000057)                            |
|                                                                                                                                                                                                                                                                                                                         |                              |                                   |
| TOTAL LIABILITIES AND STOCKHOLDERS**'** EQUITY                                                                                                                                                                                                                                                                               | $  100                       | $  100                            |

SEE ACCOMPANYING NOTES

Page 3

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 INVERSO CORP.A DEVELOPMENT STAGE COMPANYSTATEMENT OF INCOMEPERIODS ENDED SEPTEMBER 30, 2005 AND SEPTEMBER 30, 2004

| **REVENUE**                         | **Three months through 9/30/2005**                                         | **Three months through 9/30/2004**                                         |
|-------------------------------------|----------------------------------------------------------------------------|----------------------------------------------------------------------------|
| INCOME                              |              0 |              0 |
| **TOTAL REVENUE**                   |              0 |              0 |
|                                |                                                                       |                                                                       |
| **COST OF SALES**                   |              0 |              0 |
|                                |                                                                       |                                                                       |
| **TOTAL COST OF SALES**             |              0 |              0 |
|                                |                                                                       |                                                                       |
| **GROSS PROFIT**                    |              0 |              0 |
|                                |                                                                       |                                                                       |
| **EXPENSES**                        |                                                                       |                                                                       |
| ACCOUNTING                          |          500                       |              0 |
| AUDIT                               |              0 |              0 |
| CORPORATE SEAL                      |              0 |              0 |
| DUES AND SUBSCRIPTIONS              |              0 |              0 |
| FRANCHISE TAX                       |              0 |              0 |
| INCORPORATION                       |              0 |              0 |
| POSTAGE                             |              0 |              0 |
| PRINTING AND REPRODUCTION           |              0 |              0 |
| STOCK CERTIFICATE                   |              0 |              0 |
| TAX                                 |              0 |              0 |
|                                |                                                                       |                                                                       |
| **TOTAL EXPENSES**                  |          500                       |              0 |
|                                |                                                                       |                                                                       |
| **NET INCOME**                      |          (500)                     |              0 |
| CUMULATIVE REVENUES SINCE INCEPTION |              0 |                                                                       |
| CUMULATIVE EXPENSES SINCE INCEPTION |           (2,614)             |                                                                            |

SEE ACCOMPANYING NOTES

Page 4

INVERSO CORP.A DEVELOPMENT STAGE COMPANYSTATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

 

 

| Balance May 28, 2004       | Common stock |   |            |              |
|----------------------------|--------------|--------|-----------------|-------------------|
|                       |  Shares | Amount | Paid In Capital | Retained Earnings | Total |
| Sale of Common Stock       | 22,000,000   | 22     | 78              |              | 100 |
| Loss for Period            |         |   |            | (1,244)           | (1,244) |
| Balance June 30, 2004      | 22,000,000   | 22     | 78              | (1,244)           | (1,144) |
| Loss for Period            |         |   |            | (1,370)           |             |
| Balance June 30, 2005      | 22,000,000   | 22     | 78              | (2,614)           | (2,514) |
| Loss for Period            |         |   |            | (500)             |             |
| Balance September 30, 2005 | 22,000,000   | 22     | 78              | (3,114)           | (3,014) |

 

 

 

 

 

 

 

SEE ACCOMPANYING NOTES

Page 5

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INVERSO CORP.A DEVELOPMENT STAGE COMPANYAUDITED STATEMENT OF CASH FLOWSPERIODS ENDED SEPTEMBER 30, 2005 AND SEPTEMBER 30, 2004

|                                                                             | **Three months through 9/30/2005**                     | **Three months  through 9/30/2004**       |
|----------------------------------------------------------------------------------|--------------------------------------------------------|------------------------------------------------|
| **CASH FLOW FROM OPERATING ACTIVITIES**                                          |                                                   |                                           |
| NET INCOME                                                                       |          (500) |         0   |
| ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES |                                                   |                                           |
| ACCOUNTS PAYABLE                                                                 |          0     |         0   |
|                                                                             |                                                   |                                           |
| **TOTAL ADJUSTMENTS**                                                            |          0     |         0   |
|                                                                             |                                                   |                                           |
| **NET CASH PROVIDED BY OPERATIONS**                                              |          (500) |         0   |
|                                                                             |                                                   |                                           |
| **CASH FLOW FROM INVESTING ACTIVITIES**                                          |                                                   |                                           |
| USED FOR                                                                         |          0     |         0   |
|                                                                             |                                                   |                                           |
| **NET CASH USED IN INVESTING**                                                   |          0     |         0   |
|                                                                             |                                                   |                                           |
| **CASH FLOWS USED IN FINANCING ACTIVITIES**                                      |                                                   |                                           |
| **PROCEEDS FROM:**                                                               |                                                   |                                           |
| SHAREHOLDER'S LOAN                                                               |          500   |         500 |
| COMMON STOCK                                                                     |          0     |         0   |
|                                                                             |                                                   |                                           |
| **USED FOR:**                                                                    |                                                   |                                           |
| SHAREHOLDER'S LOAN                                                               |          0     |         0   |
| COMMON STOCK                                                                     |          0     |         0   |
|                                                                             |                                                   |                                           |
| **NET CASH PROVIDED BY FINANCING**                                               |          500   |         500 |
|                                                                             |                                                   |                                           |
| **NET INCREASE (DECREASE) IN CASH**                                              |          0     |         0   |
|                                                                             |                                                   |                                           |
| **SUMMARY**                                                                      |                                                   |                                           |
| CASH BALANCE AT END OF PERIOD                                                    |          100   |         100 |
| CASH BALANCE AT BEGINNING OF PERIOD                                              |          0     |         0   |
|                                                                             |                                                   |                                           |
| **NET INCREASE (DECREASE) IN CASH**                                              |          0     |         100 |
| **CUMULATIVE INFLOWS OF CASH SINCE INCEPTION**                                   |          100   |                                                |
| **CUMULATIVE OUTFLOWS OF CASH SINCE INCEPTION**                                  |          0     |                                                |

SEE ACCOMPANYING NOTES AND AUDITOR'S REPORT

Page 6

 

 

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INverso Corp.(A Development Stage Company)Notes to Audited Financial Statements for the three months period ended September 30th, 2005

NOTE 1. Summary of significant Business and Accounting Policies

a. Organization

TheCompany started operating as a blank check company on May 28, 2004. OnOctober 6, 2004, INverso Corp. (the "Company") became a corporation byfiling with the Delaware Secretary of State. The intent of the Companyis to be a "blank check" company, or also referred to as a "shell"company. We shall be considered to be in the development stage becauseno business operations have commenced, and there has been no revenue.We believe that we will remain a development stage company until suchtime as significant revenues have been generated, which is not expectedto happen until after we complete a Business Transaction.

b. Cash

As of the Date of the Audit, the Company has one bank account.

c.    Inventory

As of the Date of the Audit, the Company has no Inventory.

d.    Property and Equipment

As of the Date of the Audit, the Company has no Property and Equipment.

e. Current Liabilities

As of the Date of the Audit, the Company has no Current Liabilities.

f. Long Term Liabilities

TheCompany's Long Term Liability of Shareholder's Loan represents themoney loaned by the Shareholders to the Company for the start-up costsof the corporation. This loan is non-interest bearing.

g. Loss Per Share

Lossper share amounts are based on the weighted average shares outstandingof 22,000,000 as of September 30, 2005 and 22,000,000 as of September30, 2004.

h. Reclassification

Reclassificationof expenses and liabilities occurred at the data entry level due to thecategories set up by the Shareholder's who submitted the information.It has no effect on the balance of any one total account.

NOTE 2. Capitalization

TheCompany has authorized the issuance of 100,000,000 shares of commonstock having $0.000001 par value. Of those authorized, 22,000,000 havebeen issued and are outstanding.

NOTE 3. Statement of Income

Asof the Date of the Audit, the Company has no Revenue or Cost of Sales.The expenses incurred as of the Date of the Audit are the start-upcosts of the Company.

Page 7

 

 

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NOTE 4. 

Asof the Date of the Audit, the only activity affecting the Statement ofCash Flows were the start-up costs incurring the negative Net Incomeand the purchase of the Common Stock by the Shareholders giving thecash balance at the end of the period, as well as the ongoing costs ofoperating the blank check company. There are no payments for interestand income items.

NOTE 6. Going Concern

Dueto the development stage of the Company and the substantial dependenceon the success of a particular project, a "reverse merger", theCompany's chances for survival depend solely on the success of that"reverse merger".

NOTE 7. Management Plans and Intentions (Unaudited)

Asa "blank check" or "shell" company filing a Form 10-SB, the Companyanticipates to engage in a reverse merger transaction with a privatecompany, acquire assets or engage into other yet unspecified businessor businesses. The term "reverse merger" refers to a transaction wherea private company seeks public listing and becomes a publicly tradedcompany.

## Item 2. Management's Discussion and Analysis.

Weare a development-stage company with nominal assets only, and have hadno operations since inception other than activities related to ourformation and filing of registration statements. We have experiencedoperating losses since our inception and have not had any revenues.

Weanticipate to continue to incur expenses in connection with requiredfilings with the SEC, including accounting and audit fees and franchisetaxes. We rely on the support of our shareholders, Mr. Serge Atlan andMr. Thomas Kirchner, to advance these expenses on our behalf. We do notplan to raise additional capital through the sale of equity securities.

Ourdirectors are seeking actively business transactions on our behalf.During the period covered by this report, discussions were held withseveral parties that expressed an interest in a reverse merger withINverso; on August 30, 2005, our management signed a merger agreementwith a privately held company. However, the transaction never closeddue to negligence by of one of the outside advisers involved.Currently, our management continues with negotiations with this privatecompany about a Business Transaction, and expects to sign an agreementshortly after the filing of this form 10Q. Our management has agreed tokeep the identity of the potential counterparty confidential until anagreement has been signed. We will make an announcement as soon as aBusiness Transaction has been consummated. There is no guaranty that aBusiness Transaction actually will be consummated, although ourmanagement believes that it is likely that a Business Transaction willoccur between the parties. In the event that a business transaction isconsummated, we expect to incur additional expenses related thereto.Our directors have no other business opportunity available to us atthis time, but will seek suitable transactions in the future in theevent that the contemplated transaction is not consummated. 

### Results of Operations

During the three months from June 30th, 2004 through September 30th, 2005, we have had no 

Page 8

significantoperations other than the filing of our quarterly report with theSecurities and Exchange Commission. As a result of these operations weincurred a cumulative net loss of $3,114 since inception.

Weare a "blank check" company, also often referred to as a "shell"company, whose purpose is to engage in a reverse merger transactionwith a private company, acquire assets or engage into other yetunspecified business or businesses (a "Business Transaction"). Ourbusiness plan is to seek, investigate and, if such investigationwarrants, acquire an interest in a business entity which desires toseek the perceived advantages of a corporation which has a class ofsecurities registered under the Exchange Act. We will not restrict oursearch to any specific business, industry, or geographical location andwe may participate in a business venture of virtually any kind ornature. 

## Item 3. Controls and Procedures.

Ourmanagement believes that given our small size and limited operations,our disclosure controls and procedures are adequate and effective.

# PART II

## Item 1.  Legal Proceedings.

None.

## Item 2.  Changes in Securities and Use of Proceeds.

None.

## Item 3.  Defaults Upon Senior Securities.

None.

## Item 4.  Submission of Matters to a Vote of Security Holders.

None.

## Item 5.  Other Information.

None.

## Item 6.  Exhibits and Reports on Form 8-K.

(a) Exhibit 31.1: Section 302 certification by Thomas Kirchner

Exhibit 31.2: Section 302 certification by Serge Atlan

Exhibit 32.1: Section 906 certification by Thomas Kirchner

Exhibit 32.2: Section 906 certification by Serge Atlan

(b) None.

Page 9

 

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                             SIGNATURES

In accordance withthe requirements of the Exchange Act, the registrant caused this reportto be signed on its behalf by the undersigned, thereunto dulyauthorized.

                         INverso Corporation

 

                         By: /s/ SERGE ALTAN

                         Serge Atlan, Chairman

                         February 13, 2006

 

                        By: /s/ THOMAS KIRCHNER

                         Thomas Kirchner, President

                           February13, 2006

Page 10