U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-QSB

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

                For the quarterly period ended June 30, 2003

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

                         For the transition period from

                          Commission File No. 000-30327

                                 SEGWAY IV CORP.
        (Exact name of small business issuer as specified in its charter)

New Jersey                                                     22-3719169
(State or other jurisdiction of                             (I.R.S. Employer
incorporation or organization)                              Identification No.)

                213 South Oak Avenue, Owatonna, Minnesota 55060
                    (Address of Principal Executive Offices)

                                 (507) 446-9166
                           (Issuer's telephone number)


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

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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of August 13, 2003: 5,250,000 shares of common stock outstanding,
$0.0001 par value.

                                 SEGWAY IV CORP.
                              FINANCIAL STATEMENTS

                                      INDEX


Part I-- FINANCIAL INFORMATION

Item 1. Financial Statements

Item 2. Management's Discussion and Analysis of Financial Condition

Part II-- OTHER INFORMATION

Item 1. Legal Proceedings

Item 2. Changes in Securities

Item 3. Defaults Upon Senior Securities

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

Item 5. Other Information

Item 6. Exhibits and Reports on Form 8-K

Signature


Item 1. Financial Information

BASIS OF PRESENTATION

The accompanying reviewed financial statements are presented in accordance with
generally accepted accounting principles for interim financial information and
the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B.
Accordingly, they do not include all of the information and footnotes required
by generally accepted accounting principles for complete financial statements.
In the opinion of management, all adjustments (consisting only of normal
occurring accruals) considered necessary in order to make the financial
statements not misleading, have been included. Operating results for the three
months ended June 30, 2003 are not necessarily indicative of results that
may be expected for the year ending December 31, 2003. The financial statements
are presented on the accrual basis.

                                 SEGWAY IV CORP.


                              FINANCIAL STATEMENTS







                               AS OF JUNE 30, 2003









Segway IV Corp.
Financial Statements Table of Contents




   FINANCIAL STATEMENTS                                                   Page #



            Balance Sheet                                                      1


            Statement of Operations and Retained Deficit                       2


            Statement of Stockholders Equity                                   3


            Cash Flow Statement                                                4


            Notes to the Financial Statements                                5-7




<PAGE>

                                 SEGWAY IV CORP.
                                  BALANCE SHEET
                               As of June 30, 2003
                              and December 31, 2002


                                     ASSETS


CURRENT ASSETS                               June 30, 2003    December 31, 2002

        Cash                                    $    (0)       $    (0)




                      TOTAL ASSETS              $    (0)       $    (0)



         LIABILITIES AND STOCKHOLDERS' EQUITY




CURRENT LIABILITIES

    Accrued expenses                            $ 2,400        $ 1,725


                TOTAL LIABILITIES                 2,400          1,725

STOCKHOLDERS' EQUITY

  Common Stock - par value $0.0001;
    100,000,000 shares authorized;
    5,250,000 issued and outstanding                525            525

  Additional paid in capital                        425            425

  Preferred Stock - Par value $0.0001;
    20,000,000 shares authorized;
    none issued and outstanding                       0              0

  Accumulated Deficit                            (3,350)        (2,675)

  Total stockholders' equity                     (2,400)        (1,725)


      TOTAL LIABILITIES AND EQUITY              $    (0)       $    (0)


   The accompanying notes are an integral part of these financial statements.

<PAGE>
<TABLE>
<CAPTION>

                                 SEGWAY IV CORP.
                             STATEMENT OF OPERATIONS
              For the six months ended June 30, 2003 and 2002, and
              from inception (March 31, 2000) through June 30, 2003




                                                       Six Months      Six Months     From Inception to
                                                     June 30, 2003   June 30, 2002     June 30, 2003

<S>                                               <C>                <C>                <C>
REVENUE                    Sales                  $         0        $         0        $         0
                           Cost of sales                    0                  0                  0
                                                  -----------        -----------        -----------

     GROSS PROFIT                                           0                  0                  0

     GENERAL AND ADMINISTRATIVE EXPENSES                  675                296              3,350
                                                  -----------        -----------        -----------

     NET LOSS                                            (675)              (296)            (3,350)

     ACCUMULATED DEFICIT, BEGINNING BALANCE            (2,675)            (1,763)                (0)
                                                  -----------        -----------        -----------

     ACCUMULATED DEFICIT, ENDING BALANCE          $    (3,350)       $    (2,059)       $    (3,350)
                                                  ===========        ===========        ===========


NET EARNINGS PER SHARE

         Basic and Diluted
         Net loss per share                    (Less than .01)

Basic and Diluted Weighted Average
    Number of Common Shares Outstanding             5,250,000
</TABLE>




   The accompanying notes are an integral part of these financial statements.


<PAGE>

                                 SEGWAY IV CORP.
                             STATEMENT OF OPERATIONS
                For the three months ended June 30, 2003 and 2002



                                           Three Months    Three Months
                                           June 30, 2003   June 30, 2002


REVENUE                    Sales               $   0        $   0
                           Cost of sales           0            0
                                               -----        -----

     GROSS PROFIT                                  0            0

     GENERAL AND ADMINISTRATIVE EXPENSES         475          148
                                               -----        -----

     NET LOSS                                  $(475)       $(148)
                                               =====        =====



   The accompanying notes are an integral part of these financial statements.



<PAGE>

<TABLE>
<CAPTION>

                                 SEGWAY IV CORP.
                        STATEMENT OF STOCKHOLDERS' EQUITY
              From inception (March 31, 2000)through June 30, 2003


                               SHARES          COMMON STOCK     ACCUMULATED DEFICIT      TOTAL
                           -------------      -------------     -----------------     ------------
<S>                           <C>                <C>                <C>                <C>
Stock issued for cash         5,250,000           $    750                              $      750

Net loss                                                            $       (837)             (837)
                            ------------       ------------      ----------------      ------------

Total at December 31, 2000    5,250,000                750                  (837)              (87)

Contributed capital
 by shareholders                                       124                                     124

Net loss                                                                    (926)             (926)
                            -------------      -------------      ---------------      ------------

Total at December 31, 2001    5,250,000                874                (1,763)             (889)

Contributed capital
 by shareholders                                        76                                      76


Net loss                                                                    (912)             (912)
                            -------------      -------------      ---------------      ------------

Total at December 31, 2002    5,250,000                950                (2,675)           (1,725)

Net loss                                                                    (675)             (675)
                            -------------      -------------      ---------------      ------------

Total at June 30, 2003        5,250,000          $     950          $     (3,350)      $    (2,400)
                            =============      =============      ===============      ============
</TABLE>




   The accompanying notes are an integral part of these financial statements.


<PAGE>
<TABLE>
<CAPTION>

                                 SEGWAY IV CORP.
                             STATEMENT OF CASH FLOWS
              For the six months ended June 30, 2003 and 2002, and
              from inception (March 31, 2000) through June 30, 2003



CASH FLOWS FROM OPERATING ACTIVITIES                   June 30, 2003  June 30, 2002  From Inception

<S>                                                    <C>               <C>           <C>
        Net income (loss)                              $      (675)      $   (296)     $ (3,350)

             Increases (Decrease) in accrued expenses          675            200         2,400
                                                       -------------    ----------     ----------

NET CASH PROVIDED OR (USED) IN OPERATIONS                       (0)           (96)         (950)


CASH FLOWS FROM INVESTING ACTIVITIES

        None                                                     0              0             0



CASH FLOWS FROM financing ACTIVITIES

        Proceeds from issuance of common stock                   0              0           750
        Proceeds from capital contributions                      0             50           200
                                                        ------------     ----------    ---------

                                                                 0             50           950

CASH RECONCILIATION

        Net increase (decrease) in cash                         (0)           (46)           (0)
        Beginning cash balance                                   0             36             0
                                                          -----------   -----------    ---------

CASH BALANCE AT END OF PERIOD                          $        (0)      $    (10)     $     (0)
                                                          ===========   ===========    =========

</TABLE>


   The accompanying notes are an integral part of these financial statements.

<PAGE>

                                 SEGWAY IV CORP.

                         NOTES TO FINANCIAL STATEMENTS


1.   Summary of significant accounting policies:
     ------------------------------------------

Industry - Segway IV Corp. (The Company), a Company incorporated in the state of
--------
New Jersey as of March 31, 2000, plans to locate and negotiate with a business
entity for the combination of that target company with The Company. The
combination will normally take the form of a merger, stock-for-stock exchange or
stock- for-assets exchange. In most instances the target company will wish to
structure the business combination to be within the definition of a tax-free
reorganization under Section 351 or Section 368 of the Internal Revenue Code of
1986, as amended. No assurances can be given that The Company will be successful
in locating or negotiating with any target company.

The Company has been formed to provide a method for a foreign or domestic
private company to become a reporting ("public") company whose securities are
qualified for trading in the United States secondary market.

Results of Operations and Ongoing Entity - The Company is considered to be an
----------------------------------------
ongoing entity. The Company's shareholders fund any shortfalls in The Company's
cash flow on a day to day basis during the time period that The Company is in
the development stage.

Liquidity and Capital Resources - In addition to the stockholder funding capital
-------------------------------
shortfalls; The Company anticipates interested investors that intend to fund the
Company's growth once a business is located.

Cash and Cash Equivalents - The Company considers cash on hand and amounts on
-------------------------
deposit with financial institutions which have original maturities of three
months or less to be cash and cash equivalents.

Basis of Accounting - The Company's financial statements are prepared in
-------------------
accordance with generally accepted accounting principles.

Income Taxes - The Company utilizes the asset and liability method to measure
------------
and record deferred income tax assets and liabilities. Deferred tax assets and
liabilities reflect the future income tax effects of temporary differences
between the financial statement carrying amounts of existing assets and
liabilities and their respective tax bases and are measured using enacted tax
rates that apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. Deferred tax assets are
reduced by a valuation allowance when in the opinion of management, it is more
likely than not that some portion or all of the deferred tax assets will not be
realized. At this time, The Company has set up an allowance for deferred taxes
as there is no company history to indicate the usage of deferred tax assets and
liabilities.


<PAGE>

Fair Value of Financial Instruments - The Company's financial instruments may
-----------------------------------
include cash and cash equivalents, short-term investments, accounts receivable,
accounts payable and liabilities to banks and shareholders. The carrying amount
of long-term debt to banks approximates fair value based on interest rates that
are currently available to The Company for issuance of debt with similar terms
and remaining maturities. The carrying amounts of other financial instruments
approximate their fair value because of short-term maturities.

Concentrations of Credit Risk - Financial instruments which potentially expose
-----------------------------
The Company to concentrations of credit risk consist principally of operating
demand deposit accounts. The Company's policy is to place its operating demand
deposit accounts with high credit quality financial institutions. At this time
The Company has no deposits that are at risk.

2.   Related Party Transactions and Going Concern:
     --------------------------------------------

The Company's financial statements have been presented on the basis that it is a
going concern in the development stage, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business. At
this time The Company has not identified the business that it wishes to engage
in.

The Company's shareholders fund The Company's activities while The Company takes
steps to locate and negotiate with a business entity for combination; however,
there can be no assurance these activities will be successful.

3.   Accounts Receivable and Customer Deposits:
     -----------------------------------------

Accounts receivable and Customer deposits do not exist at this time and
therefore have no allowances accounted for or disclosures made.

4.   Use of Estimates:
     ----------------

Management uses estimates and assumptions in preparing these financial
statements in accordance with generally accepted accounting principles. Those
estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosure of contingent assets and liabilities, and the reported revenue
and expenses. Management has no reason to make estimates at this time.

5.   Revenue and Cost Recognition:
     ----------------------------

The Company uses the accrual basis of accounting in accordance with generally
accepted accounting principles for financial statement reporting.

6.   Accrued Expenses:
     ----------------

Accrued expenses consist of accrued legal, accounting and office costs during
this stage of the business.

7.   Operating Lease Agreements:
     --------------------------

The Company has no agreements at this time.

8.   Stockholder's Equity:
     --------------------

Common Stock includes 100,000,000 shares authorized at a par value of $0.0001,
of which 5,250,000 have been issued for the amount of $750. The shareholders
contributed an additional $200 to capital during the years 2001 and 2002. The
Company has also authorized 20,000,000 shares of preferred stock at a par value
of $0.0001, none of which have been issued.

9.   Required Cash Flow Disclosure for Interest and Taxes Paid:
     ---------------------------------------------------------

The company has paid no amounts for federal income taxes and interest.

10.  Earnings Per Share:
     ------------------

Basic earnings per share ("EPS") is computed by dividing earnings available to
common shareholders by the weighted-average number of common shares outstanding
for the period as required by the Financial Accounting Standards Board (FASB)
under Statement of Financial Accounting Standards (SFAS) No. 128, "Earnings per
Shares". Diluted EPS reflects the potential dilution of securities that could
share in the earnings.

<PAGE>

Item 2. Management's Discussion and Analysis of Financial Conditions and Results
of Operations
--------------------------------------------------------------------------------

Plan of Operation
-----------------

The Registrant is continuing its efforts to locate a merger Candidate for the
purpose of a merger. It is possible that the registrant will be successful in
locating such a merger candidate and closing such merger. However, if the
registrant cannot effect a non-cash acquisition, the registrant may have to
raise funds from a private offering of its securities under Rule 506 of
Regulation D. There is no assurance the registrant would obtain any such equity
funding.

Results of Operation
--------------------

The Company did not have any operating income from inception (March 31, 2000)
through June 30, 2003. For the quarter ended June 30, 2003, the registrant
recognized a net loss of $475 and $675 for the year to date. Some general and
administrative expenses during the quarter were accrued. Expenses for the
quarter were comprised of costs mainly associated with legal, accounting and
office.

Liquidity and Capital Resources
-------------------------------

At June 30, 2003 the Company had no capital resources and will rely upon the
issuance of common stock and additional capital contributions from shareholders
to fund administrative expenses pending acquisition of an operating company.


Item 3. Controls and Procedures
-------------------------------

(a)  Evaluation of disclosure controls and procedures.

Our Chief Executive Officer and Chief Financial Officer (collectively the
"Certifying Officers") maintain a system of disclosure controls and procedures
that is designed to provide reasonable assurance that information, which is
required to be disclosed, is accumulated and communicated to management timely.
Under the supervision and with the participation of management, the Certifying
Officers evaluated the effectiveness of the design and operation of our
disclosure controls and procedures (as defined in Rule [13a-14(c)/15d-14(c)]
under the Exchange Act) within 90 days prior to the filing date of this report.
Based upon that evaluation, the Certifying Officers concluded that our
disclosure controls and procedures are effective in timely alerting them to
material information relative to our company required to be disclosed in our
periodic filings with the SEC.

(b)  Changes in internal controls.

Our Certifying Officer has indicated that there were no significant changes in
our internal controls or other factors that could significantly affect such
controls subsequent to the date of his evaluation, and there were no such
control actions with regard to significant deficiencies and material weaknesses.


                          PART II - OTHER INFORMATION


Item 1. Legal Proceedings

None

Item 2. Changes in Securities.

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 of Form 8-K.

     (a)  Exhibits

          99.1 Certification

     (b)  Reports of Form 8-K

          None

<PAGE>

                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed in its
behalf by the undersigned, thereunto duly authorized.

                                        SEGWAY IV CORP.



Date:   August 13, 2003                 /s/  Donny Smith
                                        --------------------------------
                                        Donny Smith
                                        President, Secretary and Director



--------------------------------------------------------------------------------

                                CERTIFICATION OF
                           PRINCIPAL EXECUTIVE OFFICER
                           PRINCIPAL FINANCIAL OFFICER
                                   PURSUANT TO
                             18 U.S.C. SECTION 1350,
                    AS ADOPTED PURSUANT TO SECTION 906 OF THE
                           SARBANES-OXLEY ACT OF 2002

I, Donny Smith, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of SEGWAY IV CORP.

2.   Based on my knowledge, this quarterly report does not contain any
     untrue statement of a material fact or omit to state a material fact
     necessary to make the statements made, in light of the circumstances under
     which such statements were made, not misleading with respect to the period
     covered by this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report;

4.   I am responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
     registrant and have:

     (a)  designed such disclosure controls and procedures to ensure that
          material information relating to the registrant is made known to me
          by others within those entities, particularly during the period in
          which this quarterly report is being prepared;

     (b)  evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     (c)  presented in this quarterly report my conclusions about effectiveness
          of the disclosure controls and procedures based on my evaluation as of
          the Evaluation Date;

5.   I have disclosed, based on my most recent evaluation, to the registrant's
     auditors and the audit committee of registrant's board of directors (or
     persons performing the equivalent functions):

     (a)  all significant deficiencies in the design or operation of internal
          controls which could adversely affect the registrant's ability to
          record, process, summarize and report financial data and have
          identified for the registrant's auditors any material weakness in
          internal controls; and

     (b)  any fraud, whether or not material, that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   I have indicated in this quarterly report whether there were significant
     changes in internal controls or in other factors that could significantly
     affect internal controls subsequent to the date of my most recent
     evaluation, including any corrective actions with regard to significant
     deficiencies and material weaknesses.

Dated: August 13, 2003
                                        /s/ Donny Smith
                                        --------------------------
                                        Donny Smith
                                        Principal Executive Officer and
                                        Principal Financial Officer