**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 March 31, 2007**




**o**
            **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
              incorporation
                or organization)
            (I.R.S.
                Employer 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 o




Check
      whether the registrant has filed all documents and reports required to be filed
      by Sections 12, 13, or 15(d) of the Exchange Act subsequent to the distribution
      of securities under a plan confirmed by a court.


Yes x No o




State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of May 15, 2007: 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
                  StatementsItem
                  2.
              Management’s
                  Discussion and Analysis of Financial ConditionItem
                  3.
              Control
                  and Procedures
  **PART
        II-- OTHER INFORMATION**
  Item
                  1.
              Legal
                  ProceedingsItem
                  2.
              Changes
                  in SecuritiesItem
                  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**




**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 March 31, 2007 are not necessarily indicative of results that
      may
      be expected for the year ending December 31, 2007. The financial statements
      are
      presented on the accrual basis.





SEGWAY
        IV
        CORP.
 (a
        development stage company)
 
 FINANCIAL
        STATEMENTS
 
 
 
 
 
 
 
 AS
        OF
        MARCH 31, 2007
 
 
 
 SEGWAY
        IV
        CORP.
 (a
        development stage company)
 Financial
        Statements Table of Contents
 
 
 
 
 FINANCIAL
                  STATEMENTS
              Page
                  #Balance
                  Sheet
              F-1Statement
                  of Operations and Retained Deficit
              F-2Statement
                  of Stockholders Equity
              F-3Cash
                  Flow Statement
              F-4Notes
                  to the Financial Statements
              F-5
 
 
 
 
 
 **SEGWAY
                    IV CORP.****(a
                    development stage company)****BALANCE
                    SHEETS****As
                    of March 31, 2007 and December 31, 2006****ASSETS****CURRENT
                    ASSETS**
                
                **3/31/2007**
                
                **12/31/2006**Cash
                
                $
                -
                
                $
                -Total
                    Current Assets
                
                
                -
                
                
                -**TOTAL
                    ASSETS**
                
                $
                -
                
                $
                -**LIABILITIES
                    AND STOCKHOLDERS' EQUITY****CURRENT
                    LIABILITIES**Accrued
                    Expenses
                
                $
                11,200
                
                $
                10,850Total
                    Current Liabilities
                
                
                11,200
                
                
                10,850**TOTAL
                    LIABILITIES**
                
                
                11,200
                
                
                10,850**STOCKHOLDERS'
                    EQUITY**Preferred
                    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
                
                
                (12,150
                )
                
                (11,800
                )Total
                    Stockholders' Equity
                
                
                (11,200
                )
                
                (10,850
                )**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 OPERATIONS****For
                    the three months ending March 31, 2007 and 2006****From
                    inception (March 31, 2000) through March 31, 2007****3
                    MONTHS**
                
                **3
                    MONTHS****ENDING**
                
                **ENDING**
                
                **FROM****3/31/2007**
                
                **3/31/2006**
                
                **INCEPTION****REVENUE**
                
                $
                -
                
                $
                -
                
                $
                -**COST
                    OF SERVICES**
                
                
                -
                
                
                -
                
                
                -**GROSS
                    PROFIT OR (LOSS)**
                
                
                -
                
                
                -
                
                
                -**GENERAL
                    AND ADMINISTRATIVE EXPENSES**
                
                
                350
                
                
                350
                
                
                12,150**NET
                    INCOME (LOSS)**
                
                
                (350
                )
                
                (350
                )
                
                (12,150
                )**ACCUMULATED
                    DEFICIT, BEGINNING BALANCE**
                
                
                (11,800
                )
                
                (10,500
                )
                
                -**ACCUMULATED
                    DEFICIT, ENDING BALANCE**
                
                $
                (12,150
                )
                $
                (10,850
                )
                $
                (12,150
                )**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' EQUITY****From
                    inception (March 31, 2000) through March 31, 2007****COMMON**
                
                **ADDITIONAL**
                
                **ACCUM.**
                
                **TOTAL****SHARES**
                
                **STOCK**
                
                **PAID
                    IN**
                
                **DEFICIT**
                
                **EQUITY**Stock
                    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
                
                
                -
                
                
                -
                
                
                -
                
                
                (350
                )
                
                (350
                )Total,
                    March 31, 2007
                
                
                5,250,000
                
                $
                525
                
                $
                425
                
                $
                (12,150
                )
                $
                (11,200
                )
  The
          accompanying notes are an integral part of these financial
          statements.
 F-3
   **SEGWAY
                    IV CORP.****(a
                    development stage company)****STATEMENTS
                    OF CASH FLOWS****For
                    the three months ending March 31, 2007 and 2006,****from
                    inception (March 31, 2000) through March 31, 2007****3
                    MONTHS**
                
                **3
                    MONTHS****ENDING**
                
                **ENDING**
                
                **FROM****CASH
                    FLOWS FROM OPERATING ACTIVITIES**
                
                **03/31/07**
                
                **3/31/2006**
                
                **INCEPTION**Net
                    income (loss)
                
                $
                (350
                )
                $
                (350
                )
                $
                (12,150
                )Increase
                    (Decrease) in Accrued Expenses
                
                
                350
                
                
                350
                
                
                11,200Net
                    cash provided by (used in) operating activities
                
                
                -
                
                
                -
                
                
                (950
                )**CASH
                    FLOWS FROM INVESTING ACTIVITIES**None
                
                
                -
                
                
                -
                
                
                -Net
                    cash flows provided by (used in) investing activities
                
                
                -
                
                
                -
                
                
                -**CASH
                    FLOWS FROM FINANCING ACTIVITIES**Proceeds
                    from capital contributions
                
                
                -
                
                
                -
                
                
                200Proceeds
                    from stock issuance
                
                
                -
                
                
                -
                
                
                750Net
                    cash flows provided by (used in) financing activities
                
                
                -
                
                
                -
                
                
                950**CASH
                    RECONCILIATION**Net
                    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
  **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
        Company has net operating losses from inception in the amount $12,050 which
        can
        be used to offset future income for tax purposes affording the Company a
        tax
        savings of approximately $2,310. The net losses may be carried forward for
        a
        twenty year period of time from the year such losses were incurred. The losses
        will expire as follows:
 
 2020
              
              $
              8372021
              
              
              9262022
              
              
              9122023
              
              
              3,8252024
              
              
              1,9252025
              
              
              2,0752026
              
              
              1,3002027
              
              
              350Total
              
              $
              12,150
 
 The
        tax
        savings of $2,310 are considered a deferred tax asset of which management
        has
        set an allowance of $2,310 against this asset due to the doubtful use of
        this
        asset.
 
 **8.
        Operating Lease Agreements** :
  The
        Company has no agreements at this time.
   F-6
  **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 or Plan of
      Operation**




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, 2000) through March
      31,
      2007. For the quarter ended March 31, 2007, we recognized a net loss of $350
      as
      compared with $350 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, 2007 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. 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 in a timely manner.
      The Certifying Officers have concluded that the disclosure controls and
      procedures are effective at the “reasonable assurance” level. Under the
      supervision and with the participation of management, as of March 31, 2007,
      the
      Certifying Officers evaluated the effectiveness of the design and operation
      of
      our disclosure controls and procedures (as defined in Rule [13a-15(e)/15d-15(e)]
      under the Exchange Act). Furthermore, the Certifying Officers concluded that
      our
      disclosure controls and procedures in place were designed to ensure that
      information required to be disclosed by us in reports that we file or submit
      under the Exchange Act is (i) recorded, processed, summarized and reported
      on a
      timely basis in accordance with applicable Commission rules and regulations;
      and
      (ii) accumulated and communicated to our management, including our Certifying
      Officers and other persons that perform similar functions, if any, to allow
      us
      to make timely decisions regarding required disclosure in our periodic filings.




*(b) *Changes
        in internal controls*.*




Our
      Certifying Officer has indicated that there were no changes in our internal
      controls or other factors that could affect such controls during the quarter
      ending March 31, 2007, and there were no such control actions taken with regard
      to deficiencies and material weaknesses during the quarterly period ending
      March
31, 2007.



















**PART
      II - OTHER INFORMATION**


Item
        1.  Legal
        Proceedings.
 
 We
        are currently not a
        party to any pending legal proceedings and no such action by, or to the best
        of
        our knowledge, against us has been threatened.
  Item
        2.  Changes
        in Securities.
 
 None
 
 Item
        3.  Defaults
        Upon Senior Securities.
  None
  Item
        4.  Submission
        of Matters to a Vote of Security Holders.
  No
        matter was submitted
        during the quarter ending March 31, 2007, covered by this report to a vote
        of
        our shareholders, through the solicitation of proxies or otherwise.
  Item
        5.  Other
        Information.
 
 None
  Item
        6.  Exhibits
        and Reports of Form 8-K.
 
 (a)  Exhibits
  31.1
        Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002
 
 32.1
        Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002
  (b)  Reports
        of Form 8-K
 
 None.
   
  **SIGNATURES**




In
      accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
      this report to be signed on its behalf by the undersigned, there unto duly
      authorized.




**SEGWAY
                IV CORP.**Registrant






Date:
                May 15, 2007
            By:*/S/
                Donny Smith*Donny
                SmithPresident,
                Secretary and Director