----

----

**UNITED      STATES 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 September 30, 2006**

| 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, INC.**
** **

**(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)      | (Zip                Code) |

| **(507)                446-9166**                |
|--------------------------------------------------|
| (Issuer’s                telephone number) |

| Yes | x  | No                o |
|-----|---------|---------------------|

----

**TABLE      OF CONTENTS**

| **PART                I - FINANCIAL INFORMATION**                                                     |   |
|-------------------------------------------------------------------------------------------------------|--------|
| Item                1. Financial Information                                                          |   |
| Item                2. Management’s Discussion and Analysis or Plan of                Operation |   |
| Item                3. Controls and Procedures                                                        |   |
|                                                                                                  |   |
| **PART                II - OTHER INFORMATION**                                                        |   |
| Item                1. Legal Proceedings.                                                             |   |
| Item                2. Unregistered Sales of Equity Securities and Use of                Proceeds.    |   |
| Item                3. Defaults Upon Senior Securities.                                               |   |
| Item                4. Submission of Matters to a Vote of Security Holders.                           |   |
| Item                5. Other Information.                                                             |   |
| Item                6. Exhibits and Reports of Form 8-K.                                              |   |
|                                                                                                  |   |
| **SIGNATURES**                                                                                        |   |

----

**PART      I - FINANCIAL INFORMATION**

**Item        1.    **Financial        Information****

**SEGWAY      IV CORP.**

**(a      development stage company)**

**FINANCIAL      STATEMENTS**

**AS      OF SEPTEMBER 30, 2006**

| 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-6 |
|--------------------------------------------------|-----|

----

| **SEGWAY                  IV CORP.**                                |   |
|---------------------------------------------------------------------|--------|
| **(a                  development stage company)**                  |   |
| **BALANCE                  SHEETS**                                 |   |
| **(unaudited)**                                                     |   |
| **As                  of September 30, 2006 and December 31, 2005** |   |
|                                                                |   |    |   |   |   |
| **ASSETS**                                                          |   |
|                                                                |   |    |   |   |   |
| **CURRENT                  ASSETS**                                 |   |  **9/30/06** |   | **12/31/2005** |   |
|                                                                |   |    |   |   |   |
| Cash                                                                |   | $ | - |   | $ | - |   |
|                                                                |   |   |   |   |   |   |   |
| Total                  Current Assets                               |   |   | - |   |   | - |   |
|                                                                |   |   |   |   |   |   |   |
| **TOTAL                  ASSETS**                                   |   | $ | - |   | $ | - |   |
|                                                                |   |   |   |   |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' EQUITY**           |
|                                                                |   |   |   |   |   |   |   |
| **CURRENT                  LIABILITIES**                            |   |   |  |   |   |   |   |
|                                                                |   |   |   |   |   |   |   |
| Accrued                  Expenses                                   |   | $ | 10,600 |   | $ | 9,550 |   |
|                                                                |   |   |   |   |   |   |   |
| Total                  Current Liabilities                          |   |   | 10,600 |   |   | 9,550 |   |
|                                                                |   |   |   |   |   |   |   |
| **TOTAL                  LIABILITIES**                              |   |   | 10,600 |   |   | 9,550 |   |
|                                                                |   |   |   |   |   |   |   |
| **STOCKHOLDERS'                  EQUITY**                           |   |   |   |   |   |   |   |
|                                                                |   |   |   |   |   |   |   |
| Preferred                  Stock - Par value $0.0001;               |   |   |   |   |   |   |   |
| Authorized:                  20,000,000                             |   |   |   |   |   |   |   |
| None                  issues and outstanding                        |   |   | - |   |   | - |   |
| Common                  Stock - Par value $0.0001;                  |   |   |   |   |   |   |   |
| Authorized:                  100,000,000                            |   |   |   |   |   |   |   |
| Issued                  and Outstanding: 5,250,000                  |   |   | 525 |   |   | 525 |   |
| Additional                  Paid-In Capital                         |   |   | 425 |   |   | 425 |   |
| Accumulated                  Deficit                                |   |   | (11,550 | ) |   | (10,500 | ) |
|                                                                |   |   |   |   |   |   |   |
| Total                  Stockholders' Equity                         |   |   | (10,600 | ) |   | (9,550 | ) |
|                                                                |   |   |   |   |   |   |   |
| **TOTAL                  LIABILITIES AND EQUITY**                   |   | $ | - |   | $ | - |   |
|                                                                |   |   |   |   |   |   |   |

----

| **SEGWAY                  IV CORP.**                                                                 |   |
|------------------------------------------------------------------------------------------------------|--------|
| **(a                  development stage company)**                                                   |   |
| **STATEMENT                  OF OPERATIONS**                                                         |   |
| **(unaudited)**                                                                                      |   |
| **For                  the nine and three months ending September 30, 2006 and 2005**                |   |
| **From                  inception (March 31,2000) through September 30,                  2006** |   |
|                                                                                                 |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |  **9                  MONTHS** |   | **3                  MONTHS** |   | **9                  MONTHS** |   | **3                  MONTHS** |   |   |   |
|                                                                                                 |   |  **ENDING** |   | **ENDING** |   | **ENDING** |   | **ENDING** |   | **FROM** |   |
|                                                                                                 |   |  **9/30/2006** |   | **9/30/2006** |   | **9/30/2005** |   | **9/30/2005** |   | **INCEPTION** |   |
|                                                                                                 |   |    |   |   |   |   |   |   |   |   |   |
| **REVENUE**                                                                                          |   | $ | - |   | $ | - |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **COST                  OF SERVICES**                                                                |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GROSS                  PROFIT OR (LOSS)**                                                          |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GENERAL                  AND ADMINISTRATIVE EXPENSES**                                             |   |   | 1,050 |   |   | 350 |   |   | 1,075 |   |   | 250 |   |   | 11,550 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **NET                  INCOME (LOSS)**                                                               |   | $ | (1,050 | ) | $ | (350 | ) | $ | (1,075 | ) | $ | (250 | ) | $ | (11,550 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                  DEFICIT, BEGINNING BALANCE**                                          |   |   | (10,500 | ) |   |   |   |   | (8,425 | ) |   |   |   |   | - |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                  DEFICIT, ENDING BALANCE**                                             |   | $ | (11,550 | ) |   |   |   | $ | (9,500 | ) |   |   |   | $ | (11,550 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                  (loss) per share**                                                       |   | $ | (0.00 | ) |   |   |   | $ | (0.00 | ) |   |   |   |   |   |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Weighted                  average number of common shares**                                        |   |   | 5,250,000 |   |   |   |   |   | 5,250,000 |   |   |   |   |   |   |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **SEGWAY                    IV CORP.**                                                               |   |
|------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                 |   |
| **STATEMENT                    OF STOCKHOLDERS' EQUITY**                                             |   |
| **(unaudited)**                                                                                      |   |
| **From                    inception (March 31, 2000) through September 30,                    2006** |   |
|                                                                                                 |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |    |   | **COMMON** |   | **ADDITIONAL** |   | **ACCUM.** |   | **TOTAL** |   |
|                                                                                                 |   |  **SHARES** |   | **STOCK** |   | **PAID                    IN** |   | **DEFICIT** |   | **EQUITY** |   |
|                                                                                                 |   |    |   |   |   |   |   |   |   |   |   |
| Stock                    Issued for cash                                                             |   |   | 5,250,000 |   | $ | 525 |   | $ | 225 |   | $ | - |   | $ | 750 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Loss                                                                          |   |   |  |   |   |  |   |   |  |   |   | (837 | ) |   | (837 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                    December 31, 2000                                                          |   |   | 5,250,000 |   |   | 525 |   |   | 225 |   |   | (837 | ) |   | (87 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contributed                    capital by shareholders                                               |   |   | -  |   |   | -  |   |   | 124 |   |   | -  |   |   | 124 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Loss                                                                          |   |   |  |   |   |  |   |   |  |   |   | (926 | ) |   | (926 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                    December 31, 2001                                                          |   |   | 5,250,000 |   |   | 525 |   |   | 349 |   |   | (1,763 | ) |   | (889 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contributed                    capital by shareholders                                               |   |   | -  |   |   | -  |   |   | 76 |   |   | -  |   |   | 76 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    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                                                                          |   |   | - |   |   | - |   |   | - |   |   | (1,050 | ) |   | (1,050 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                    September 30, 2006                                                         |   |   | 5,250,000 |   | $ | 525 |   | $ | 425 |   | $ | (11,550 | ) | $ | (10,600 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **SEGWAY                      IV CORP.**                                                                 |   |
|----------------------------------------------------------------------------------------------------------|--------|
| **(a                      development stage company)**                                                   |   |
| **STATEMENTS                      OF CASH FLOWS**                                                        |   |
| **(unaudited)**                                                                                          |   |
| **For                      the nine months ending September 30, 2006 and                      2005,**    |   |
| **from                      inception (March 31, 2000) through September 30,                      2006** |   |
|                                                                                                     |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |
|                                                                                                     |   | **9                      MONTHS** |   | **9                      MONTHS** |   |   |   |
|                                                                                                     |   | **ENDING** |   | **ENDING** |   | **FROM** |   |
| **CASH                      FLOWS FROM OPERATING ACTIVITIES**                                            |   | **09/30/06** |   | **9/30/2005** |   | **INCEPTION** |   |
|                                                                                                     |   |   |   |   |   |   |   |
| Net                      income (loss)                                                                   |   | $ | (1,050 | ) | $ | (1,075 | ) | $ | (11,550 | ) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| Increase                      (Decrease) in Accrued Expenses                                             |   |   | 1,050 |   |   | 1,075 |   |   | 10,600 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| Net                      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                                                 |   |   | - |   |   | - |   |   | 200 |   |
| Proceeds                      from stock issuance                                                        |   |   | - |   |   | - |   |   | 750 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| Net                      cash flows provided by (used in) financing activities                           |   |   | - |   |   | - |   |   | 950 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| **CASH                      RECONCILIATION**                                                             |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| Net                      increase (decrease) in cash                                                     |   |   | - |   |   | - |   |   | - |   |
| Cash                      - beginning balance                                                            |   |   | - |   |   | - |   |   | - |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |
| **CASH                      BALANCE - END OF PERIOD**                                                    |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |

----

**SEGWAY        IV CORP.**

**(a        development stage business)**

**FOOTNOTES        TO THE FINANCIAL STATEMENTS**

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

----

**2.        Related Party Transactions and Going Concern**

**3.        Accounts Receivable and Customer Deposits**

**4.        Use of Estimates**

**5.        Revenue and Cost Recognition:**

**6.        Accrued Expenses**

**7.        Income Taxes**
**:**

| 2020  |   | $      | 837    |   |
|-------|--------|--------|--------|--------|
| 2021  |   |   | 926    |   |
| 2022  |   |   | 912    |   |
| 2023  |   |   | 3,825  |   |
| 2024  |   |   | 1,925  |   |
| 2025  |   |   | 2,075  |   |
| 2026  |   |   | 1,050  |   |
| Total |   | $      | 11,550 |   |

----

**8.        Operating Lease Agreements**

**9.        Stockholder’s Equity**

**10.        Required Cash Flow Disclosure for Interest and Taxes        Paid**
**:**

**11.        Earnings Per Share**

----

**Item      2.**
**Management’s      Discussion and Analysis or Plan of Operation**

**Plan      of Operation**

**Results      of Operation**

**Liquidity      and Capital Resources**

**Off      Balance Sheet Arrangements**

**Item        3.    **Controls        and Procedures****

**Evaluation      of disclosure controls and procedures**

----

**Changes      in internal controls**

**PART      II - OTHER INFORMATION**

**Item      1.**
**Legal      Proceedings.**

**Item      2.**
**Unregistered      Sales of Equity Securities and Use of Proceeds.**

**Item      3.**
**Defaults      Upon Senior Securities.**

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

**Item      5.**
**Other      Information.**

**Item      6.**
**Exhibits      and Reports of Form 8-K.**

|   | (a)    | Reports                on Form 8-K and Form 8K-A |
|--------|--------|--------------------------------------------------|
|   |   |                                             |
|   |   | None                                             |
|   |   |                                             |
|   | (b)    | Exhibits                                         |
|   |   |                                             |
|   |   | **Exhibit                No.**                   | **Exhibit                Title** |
|   |   |                                             |   |
|   |   | 31.1                                             | Certification                of Donny Smith pursuant to 18 U.S.C. Section 1350 as adopted pursuant                to                Section 302 of the Sarbanes-Oxley Act of 2002. |
|   |   |                                             |   |
|   |   | 32.1                                             | Certification                of Donny Smith pursuant to 18 U.S.C. Section 1350 as adopted pursuant                to                Section 906 of the Sarbanes-Oxley Act of 2002. |
|   |   |                                             |   |

----

**SIGNATURES**

**SEGWAY      IV, INC**

*Donny      Smith*