UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549


_______________




FORM
10-Q


_______________




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




For
the quarterly period ended March 31, 2008






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





For the transition period from
______to______.




SEGWAY
IV CORP.


(Exact
name of registrant as specified in Charter




New
      Jersey
            
            000-30327
            
            22-3719169(State
      or other jurisdiction of
              incorporation
      or organization)
            
            (Commission
      File No.)
            
            (IRS
      Employee Identification No.)





213
South Oak Avenue, Owatonna, Minnesota 55060


(Address
of Principal Executive Offices)


_______________




(507)
446-9166


(Issuer
Telephone number)


_______________








(Former
Name or Former Address 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
o




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company filer.
 See definition of “accelerated filer” and “large accelerated filer” in
Rule 12b-2 of the Exchange Act (Check one):




Large
Accelerated Filer o     Accelerated
Filer o     Non-Accelerated
Filer o     Smaller
Reporting Company x








Indicate
by check mark whether the registrant is a shell company as defined in Rule 12b-2
of the Exchange Act.


Yes x  No
o




State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of May 13, 2008: 5,250,000 shares of common stock.












SEGWAY IV CORP.


FORM 10-Q


March
31, 2008




INDEX




PART
I-- FINANCIAL INFORMATION





Item
      1.
            Financial
      StatementsItem
      2.
            Management’s
      Discussion and Analysis of Financial ConditionItem
      3
            Quantitative
      and Qualitative Disclosures About Market RiskItem
      4T.
            Control
      and Procedures






PART
II—OTHER INFORMATION




Item
      1
            Legal
      ProceedingsItem
      A.
            Risk
      FactorsItem
      2.
            Unregistered
      Sales of Equity Securities and Use of ProceedsItem
      3.
            Defaults
      Upon Senior SecuritiesItem
      4.
            Submission
      of Matters to a Vote of Security HoldersItem
      5.
            Other
      InformationItem
      6.
            Exhibits
      and Reports on Form 8-K






SIGNATURE














PART
I – FINANCIAL INFORMATION





Item
1. Financial Statements







SEGWAY IV
CORP.
 (a
development stage company)
 FINANCIAL
STATEMENTS
    AS OF
March 31, 2008
    SEGWAY
IV CORP.
 (a
development stage company)
 Financial
Statements Table of Contents
     FINANCIAL
STATEMENTS                                                      
Page #
   Balance
Sheet                                                                         F-1
   Statement
of Operations and Retained
Deficit                  F-2
   Statement
of Stockholders
Equity                                       F-3
   Cash
Flow
Statement                                                             F-4
   Notes
to the Financial
Statements                                       F-5
    
   SEGWAY
      IV CORP.(a
      development stage company)BALANCE
      SHEETSAs
      of March 31, 2008 and December 31, 2007ASSETSCURRENT
      ASSETS
                
                3/31/2008
                
                
                12/31/2007Cash
                
                $
                -
                
                
                $
                -Total
      Current Assets
                
                
                -
                
                
                
                -TOTAL
      ASSETS
                
                $
                -
                
                
                $
                -LIABILITIES AND
      STOCKHOLDERS' EQUITYCURRENT
      LIABILITIESAccrued
      Expenses
                
                $
                13,700
                
                
                $
                13,350Total
      Current Liabilities
                
                
                13,700
                
                
                
                13,350TOTAL
      LIABILITIES
                
                
                13,700
                
                
                
                13,350STOCKHOLDERS'
      EQUITYPreferred
      Stock - Par value $0.0001;Authorized:
      20,000,000None
      issues and outstanding
                
                
                -
                
                
                
                -Common
      Stock - Par value $0.0001;Authorized:
      100,000,000Issued
      and Outstanding: 5,250,000
                
                
                525
                
                
                
                525Additional
      Paid-In Capital
                
                
                425
                
                
                
                425Accumulated
      Deficit
                
                
                (14,650
                )
                
                
                (14,300
                )Total
      Stockholders' Equity
                
                
                (13,700
                )
                
                
                (13,350
                )TOTAL
      LIABILITIES AND EQUITY
                
                $
                -
                
                
                $
                -
  The accompanying notes are
an integral part of these financial statements.
  F-1
  SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF OPERATIONSFor
      the three months ending March 31, 2008 and 2007From
      inception (March 31, 2000) through March 31, 20083
      MONTHS
                
                
                3
      MONTHSENDING
                
                
                ENDING
                
                
                FROM3/31/2008
                
                
                3/31/2007
                
                
                INCEPTIONREVENUE
                
                $
                -
                
                
                $
                -
                
                
                $
                -COST
      OF SERVICES
                
                
                -
                
                
                
                -
                
                
                
                -GROSS PROFIT OR
      (LOSS)
                
                
                -
                
                
                
                -
                
                
                
                -GENERAL AND
      ADMINISTRATIVE EXPENSES
                
                
                350
                
                
                
                350
                
                
                
                14,650NET INCOME
      (LOSS)
                
                
                (350
                )
                
                
                (350
                )
                
                
                (14,650
                )ACCUMULATED DEFICIT,
      BEGINNING BALANCE
                
                
                (14,300
                )
                
                
                (11,800
                )
                
                
                -ACCUMULATED DEFICIT,
      ENDING BALANCE
                
                $
                (14,650
                )
                
                $
                (12,150
                )
                
                $
                (14,650
                )Earnings (loss) per
      share
                
                $
                (0.00
                )
                
                $
                (0.00
                )Weighted average
      number of common shares
                
                
                5,250,000
                
                
                
                5,250,000
  The accompanying notes are
an integral part of these financial statements.
  F-2
 SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF STOCKHOLDERS' EQUITYFrom
      inception (March 31, 2000) through March 31, 2007COMMON
                
                
                ADDITIONAL
                
                
                ACCUM.
                
                
                TOTALSHARES
                
                
                STOCK
                
                
                PAID
      IN
                
                
                DEFICIT
                
                
                EQUITYStock
      Issued for cash
                
                
                5,250,000
                
                
                $
                525
                
                
                $
                225
                
                
                $
                -
                
                
                $
                750Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (837
                )
                
                
                (837
                )Total,
      December 31, 2000
                
                
                5,250,000
                
                
                
                525
                
                
                
                225
                
                
                
                (837
                )
                
                
                (87
                )Contributed
      capital by shareholders
                
                
                
                
                
                
                
                
                
                
                124
                
                
                
                
                
                
                
                124Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (926
                )
                
                
                (926
                )Total,
      December 31, 2001
                
                
                5,250,000
                
                
                
                525
                
                
                
                349
                
                
                
                (1,763
                )
                
                
                (889
                )Contributed
      capital by shareholders
                
                
                
                
                
                
                
                
                
                
                76
                
                
                
                
                
                
                
                76Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (912
                )
                
                
                (912
                )Total,
      December 31, 2002
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (2,675
                )
                
                
                (1,725
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (3,825
                )
                
                
                (3,825
                )Total,
      December 31, 2003
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (6,500
                )
                
                
                (5,550
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (1,925
                )
                
                
                (1,925
                )Total,
      December 31, 2004
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (8,425
                )
                
                
                (7,475
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (2,075
                )
                
                
                (2,075
                )Total,
      December 31, 2005
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (10,500
                )
                
                
                (9,550
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (1,300
                )
                
                
                (1,300
                )Total,
      December 31, 2006
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (11,800
                )
                
                
                (10,850
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (2,500
                )
                
                
                (2,500
                )Total,
      December 31, 2007
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (14,300
                )
                
                
                (13,350
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (350
                )
                
                
                (350
                )Total,
      March 31, 2008
                
                
                5,250,000
                
                
                $
                525
                
                
                $
                425
                
                
                $
                (14,650
                )
                
                $
                (13,700
                )
  The accompanying notes are
an integral part of these financial statements.
  F-3
  
 SEGWAY
      IV CORP.(a
      development stage company)STATEMENTS
      OF CASH FLOWSFor
      the three months ending March 31, 2008 and 2007,from
      inception (March 31, 2000) through March 31, 20083
      MONTHS
                
                
                3
      MONTHSENDING
                
                
                ENDING
                
                
                FROMCASH FLOWS FROM
      OPERATING ACTIVITIES
                
                03/31/08
                
                
                3/31/2007
                
                
                INCEPTIONNet income
      (loss)
                
                $
                (350
                )
                
                $
                (350
                )
                
                $
                (14,650
                )Increase (Decrease)
      in Accrued Expenses
                
                
                350
                
                
                
                350
                
                
                
                13,700Net cash provided
      by (used in) operating activities
                
                
                -
                
                
                
                -
                
                
                
                (950
                )CASH FLOWS FROM
      INVESTING ACTIVITIESNone
                
                
                -
                
                
                
                -
                
                
                
                -Net cash flows
      provided by (used in) investing activities
                
                
                -
                
                
                
                -
                
                
                
                -CASH FLOWS FROM
      FINANCING ACTIVITIESProceeds from
      capital contributions
                
                
                -
                
                
                
                -
                
                
                
                200Proceeds from stock
      issuance
                
                
                -
                
                
                
                -
                
                
                
                750Net cash flows
      provided by (used in) financing activities
                
                
                -
                
                
                
                -
                
                
                
                950CASH
      RECONCILIATIONNet
      increase (decrease) in cash
                
                
                -
                
                
                
                -
                
                
                
                -Cash
      - beginning balance
                
                
                -
                
                
                
                -
                
                
                
                -CASH BALANCE - END OF
      PERIOD
                
                $
                -
                
                
                $
                -
                
                
                $
                -
  The
accompanying notes are an integral part of these financial
statements.
  F-4
  SEGWAY
IV CORP.
 (a
development stage business)
 FOOTNOTES
TO THE 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.
  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.
   F-5
 SEGWAY
IV CORP.
 (a
development stage business)
 FOOTNOTES
TO THE FINANCIAL STATEMENTS
  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.
Income Taxes:
  The income tax payable
that was accrued for the quarter ended March 31, 2008 was offset by the
Company’s net operating loss carry-forward therefore the provisions for income
tax in the income statement is $0.  For the three months ended March
31, 2008 the Company had an operating loss of $350, which is a loss that can be
carried forward to offset future income for a period of 20 years. The Company
has net operating loss carry-forwards that were derived solely from operating
losses. These amounts can be carried forward to be used to offset future income
for tax purposes for a period of 20 years for each year’s loss. The accounting
for these losses derives a deferred tax asset from inception to the period ended
March 31, 2008 of 2,931.
  No provision was made for
federal income tax since the Company has significant net operating losses. From
inception through March 31, 2008, the Company incurred net operating losses for
tax purposes of approximately $14,650. The net operating loss carry forwards may
be used to reduce taxable income through the years 2009 to 2028. The
availability of the Company’s net operating loss carry-forwards are subject to
limitation if there is a 50% or more positive change in the ownership of the
Company’s stock. The provision for income taxes consists of the federal and
state minimum tax imposed on corporations.
  Deferred income taxes
reflect the net tax effects of temporary differences between the carrying
amounts of assets and liabilities for financial statement purposes and the
amounts used for income tax purposes. Significant components of the Company's
deferred tax liabilities and assets as of March 31, 2008 are as
follows:
   F-6
 
  SEGWAY
IV CORP.
 (a
development stage business)
 FOOTNOTES
TO THE FINANCIAL STATEMENTS
  Deferred
      tax assets:Federal
      net operating loss
              
              $
              2,198State
      net operating loss
              
              
              733Total
      deferred tax assets
              
              
              2,931Less
      valuation allowance
              
              
              (2,931
              )$
              --
   The Company has provided a
100% valuation allowance on the deferred tax assets at March 31, 2008 to reduce
such asset to zero, since there is no assurance that the Company will generate
future taxable income to utilize such asset. Management will review this
valuation allowance requirement periodically and make adjustments as
warranted.
  The
reconciliation of the effective income tax rate to the federal statutory rate
for the periods ended December 31, 2007 and December 31, 2006 is as
follows:
  2007
              2006Federal
      income tax rate
              
              
              (15.0
              %)
              
              (15.0
              %)State
      tax, net of federal benefit
              
              
              (5.0
              %)
              
              (5.0
              %)Increase
      in valuation allowance
              
              
              20.0
              %
              
              20.0
              %Effective
      income tax rate
              
              
              0.0
              %
              
              0.0
              %
   8.
Operating Lease Agreements:
  The
Company has no agreements at this time.
  9.
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.
  10.
Required Cash Flow Disclosure for Interest and Taxes
Paid:
  The
company has paid no amounts for federal income taxes and interest.
  11.
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.
   F-7




ITEM
2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS





Plan of
Operation




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




Results of
Operation




We did
not have any operating income from inception (March 31, 2008) through December
31, 2007. For the quarter ended March 31, 2008, we recognized a net loss of $350
as compared with $700 for the prior year's quarter. 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 March
31, 2008 we 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. Quantitative and Qualitative Disclosures About Market Risk





The
Company is subject to certain market risks, including changes in interest rates
and currency exchange rates.  The Company does not undertake any specific
actions to limit those exposures.





Item
4T.  Controls and Procedures





Pursuant
to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”),
the Company carried out an evaluation, with the participation of the Company’s
management, including the Company’s Chief Executive Officer (“CEO”) and Chief
Accounting Officer (“CAO”) (the Company’s principal financial and accounting
officer), of the effectiveness of the Company’s disclosure controls and
procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the
end of the period covered by this report. Based upon that evaluation, the
Company’s CEO and CAO concluded that the Company’s disclosure controls and
procedures are effective to ensure that information required to be disclosed by
the Company in the reports that the Company files or submits under the Exchange
Act, is recorded, processed, summarized and reported, within the time periods
specified in the SEC’s rules and forms, and that such information is accumulated
and communicated to the Company’s management, including the Company’s CEO and
CAO, as appropriate, to allow timely decisions regarding required
disclosure.





Management’s Report on
Internal Controls over Financial Reporting





Internal
control over financial reporting is a process to provide reasonable assurance
regarding the reliability of consolidated financial reporting and the
preparation of financial statements for external purposes in accordance with
U.S. generally accepted accounting principles. There has been no change in the
Company’s internal control over financial reporting during the quarter ended
March 31, 2008 that has materially affected, or is reasonably likely to
materially affect, the Company’s internal control over financial
reporting.




The
Company’s management, including the Company’s CEO and CAO, does not expect that
the Company’s disclosure controls and procedures or the Company’s internal
controls will prevent all errors and all fraud. A control system, no matter how
well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of the control system are met. Further, the design
of a control system must reflect the fact that there are resource constraints,
and the benefits of controls must be considered relative to their costs. Because
of the inherent limitations in all control systems, no evaluation of the
controls can provide absolute assurance that all control issues and instances of
fraud, if any, within the Company have been detected.





Management
conducted an evaluation of the effectiveness of our internal control over
financial reporting based on the framework in Internal Control – Integrated
Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on this evaluation, management concluded that the
company’s internal control over financial reporting was effective as of March
31, 2008.





This
quarterly report does not include an attestation report of the Company's
registered public accounting firm regarding internal control over financial
reporting. Management's report was not subject to attestation by the Company's
registered public accounting firm pursuant to temporary rules of the Securities
and Exchange Commission that permit the Company to provide only management's
report in this quarterly report.


















PART
II - OTHER INFORMATION




Item
1. Legal Proceedings.




Currently
we are not aware of any litigation pending or threatened by or against the
Company.





Item
1A. Risk Factors





None




Item
2. Unregistered Sales of Equity 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 of Form 8-K.




(a)           Exhibits




31.1
Certifications pursuant to Section 302 of Sarbanes Oxley Act of
2002




32.1
Certifications pursuant to Section 906 of Sarbanes Oxley Act of
2002




(b)           Reports
of Form 8-K




None.











SIGNATURES




Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.









SEGWAY
      1V CORP, INC.Date:
      May 13, 2008
            By:
            /s/
      Donnie SmithDonnie
      SmithPresident,
      Secretary and Director