----

----

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

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

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

----

| PART I-- FINANCIAL INFORMATION |                                                                                        |
|-------------------------------------|---------------------------------------------------------------------------------------------|
|                                |                                                                                        |   |
| Item 1.                             | Financial Statements                                                                        | F-1  |
| Item 2.                             | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 1 |
| Item 3                              | Quantitative and Qualitative Disclosures About Market Risk                                  | 2 |
| Item 4T.                            | Controls and Procedures                                                                     | 2 |
|                                |                                                                                        |   |
| PART II-- OTHER INFORMATION         |                                                                                        |
|                                |                                                                                        |
| Item 1                              | Legal Proceedings                                                                           | 3 |
| Item 1A.                            | Risk Factors                                                                                | 3 |
| Item 2.                             | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 3 |
| Item 3.                             | Defaults Upon Senior Securities                                                             | 3 |
| Item 4.                             | Removed & Reserved                                                                      | 3 |
| Item 5.                             | Other Information                                                                           | 3 |
| Item 6.                             | Exhibits                                                                                    | 3 |
|                                |                                                                                        |   |
| SIGNATURE                           |                                                                                        | 4 |
|                                |                                                                                        |   |

----

| FINANCIAL STATEMENTS                                   | Page # |
|----------------------------------------------------------------------------|--------|
|                                                                       |   |
| Balance Sheet                                                    | F-1    |
|                                                                       |   |
| Statement of Operations and Retained Deficit      | F-2    |
|                                                                       |   |
| Statement of Stockholder’s Equity                     | F-3    |
|                                                                       |   |
| Cash Flow Statement                                                        | F-4    |
|                                                                       |   |
| Notes to the Financial Statements            | F-5    |

----

| ASSETS                                     |   |
|--------------------------------------------|--------|
|                                       |   |   |   |   |   |   |
| CURRENT ASSETS                             |   | 9/30/2010 |   |   | 12/31/2009 |   |
|                                       |   |   |   |   |   |   |
| Cash                                       |   | $ | - |   |   | $ | - |   |
|                                       |   |   |   |   |   |   |   |   |
| Total Current Assets                       |   |   | - |   |   |   | - |   |
|                                       |   |   |   |   |   |   |   |   |
| TOTAL ASSETS                               |   | $ | - |   |   | $ | - |   |
|                                       |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDER’S EQUITY |   |
|                                       |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                        |   |   |   |   |   |   |   |   |
|                                       |   |   |   |   |   |   |   |   |
| Accrued Expenses                           |   | $ |    24,151 |   |   | $ | 18,600 |   |
|                                       |   |   |   |   |   |   |   |   |
| Total Current Liabilities                  |   |   | 24,151 |   |   |   | 18,600 |   |
|                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES                          |   |   | 24,151 |   |   |   | 18,600 |   |
|                                       |   |   |   |   |   |   |   |   |
| STOCKHOLDER’S 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                        |   |   |      (25,101) |   |   |   | (19,550 | ) |
|                                       |   |   |   |   |   |   |   |   |
| Total Stockholder’s Equity           |   |   | (24,151 | ) |   |   | (18,600 | ) |
|                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND EQUITY               |   | $ |         - |   |   | $ | - |   |

----

|                                     |   | 9MONTHS   |                                                  |   | 9 MONTH   |   |                                                                                |      |   |
|------------------------------------------|--------|-----------|-------------------------------------------------------|--------|-----------|--------|-------------------------------------------------------------------------------------|-----------|--------|
|                                     |   | ENDING    |                                                  |   | ENDING    |   |                                                                                | FROM      |   |
|                                     |   | 9/30/2010 |                                                  |   | 9/30/2009 |   |                                                                                | INCEPTION |   |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |
| REVENUE                                  |   | $         | -                                                     |   |      | $      | -                                                                                   |      |   | $ | - |   |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |   |   |   |
| COST OF SERVICES                         |   |      | -                                                     |   |      |   | -                                                                                   |      |   |   | - |   |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |   |   |   |
| GROSS PROFIT OR (LOSS)                   |   |      | -                                                     |   |      |   | -                                                                                   |      |   |   | - |   |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |   |   |   |
| GENERAL AND ADMINISTRATIVE EXPENSES      |   |      |         5,551 |   |      |   |              1,300 |      |   |   | 25,101 |   |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |   |   |   |
| NET INCOME (LOSS)                        |   |      | (5,551                                                | )      |      |   | (1,300 )                                                                       |      |   |   | (25,101 | ) |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |   |   |   |
| ACCUMULATED DEFICIT, BEGINNING BALANCE   |   |      | (19,550                                               | )      |      |   | (16,800                                                                             | )         |   |   | - |   |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |   |   |   |
| ACCUMULATED DEFICIT, ENDING BALANCE      |   | $         | (25,101                                               | )      |      | $      | (18,100                                                                             | )         |   | $ | (25,101 | ) |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |   |   |   |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |   |   |   |
| Earnings (loss) per share                |   | $         | (.0011                                                | )      |      | $      | (0.0002                                                                             | )         |   | $ | (0.0048 | ) |
|                                     |   |      |                                                  |   |      |   |                                                                                |      |   |   |   |   |
| Weighted average number of common shares |   |      | 5,250,000                                             |   |      |   | 5,250,000                                                                           |      |   |   | 5,250,000 |   |

----

|                                     |   | 3MONTHS   |                                                   |   | 3MONTHS   |   |
|------------------------------------------|--------|-----------|--------------------------------------------------------|--------|-----------|--------|
|                                     |   | ENDING    |                                                   |   | ENDING    |   |
|                                     |   | 9/30/2010 |                                                   |   | 9/30/2009 |   |
|                                     |   |      |                                                   |   |      |   |
| REVENUE                                  |   | $         | -                                                      |   |      | $      | - |   |
|                                     |   |      |                                                   |   |      |   |   |   |
| COST OF SERVICES                         |   |      | -                                                      |   |      |   | - |   |
|                                     |   |      |                                                   |   |      |   |   |   |
| GROSS PROFIT OR (LOSS)                   |   |      | -                                                      |   |      |   | - |   |
|                                     |   |      |                                                   |   |      |   |   |   |
| GENERAL AND ADMINISTRATIVE EXPENSES      |   |      | 3,451                                                  |   |      |   | 600 |   |
|                                     |   |      |                                                   |   |      |   |   |   |
| NET INCOME (LOSS)                        |   |      |         (3,451 | )      |      |   |          (600) |   |
|                                     |   |      |                                                   |   |      |   |   |   |
| ACCUMULATED DEFICIT, BEGINNING BALANCE   |   |      | (19,550                                                | )      |      |   | (17,500 | ) |
|                                     |   |      |                                                   |   |      |   |   |   |
| ACCUMULATED DEFICIT, ENDING BALANCE      |   | $         | (25,101                                                | )      |      | $      | (18,100 | ) |
|                                     |   |      |                                                   |   |      |   |   |   |
|                                     |   |      |                                                   |   |      |   |   |   |
| Earnings (loss) per share                |   | $         |     (0.001                         | )      |      | $      | (0.0001 | ) |
|                                     |   |      |                                                   |   |      |   |   |   |
| Weighted average number of common shares |   |      | 5,250,000                                              |   |      |   | 5,250,000 |   |

----

|                                |   |   |      |   |   |   |   |       |   |   |    |   |   |   |                                                   |
|-------------------------------------|--------|--------|-----------|--------|--------|--------|--------|------------|--------|--------|---------|--------|--------|--------|--------------------------------------------------------|
|                                |   |   |      |   | 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                            |   |   |      |   |   |   |   |       |   |   |    |   |   |   | (1,300                                                 | ) |   |   | (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                            |   |   |      |   |   |   |   |       |   |   |    |   |   |   | (2,500                                                 | ) |   |   | (2,500 | ) |
|                                |   |   |      |   |   |   |   |       |   |   |    |   |   |   |                                                   |   |   |   |   |   |
| Total, December 31, 2008            |   |   | 5,250,000 |   |   |   | 525    |       |   |   | 425     |   |   |   | (16,800                                                | ) |   |   | (15,850 | ) |
|                                |   |   |      |   |   |   |   |       |   |   |    |   |   |   |                                                   |   |   |   |   |   |
| Net Loss                            |   |   |      |   |   |   |   |       |   |   |    |   |   |   | (2,750                                                 | ) |   |   | (2,750 | ) |
|                                |   |   |      |   |   |   |   |       |   |   |    |   |   |   |                                                   |   |   |   |   |   |
| Total, December 31, 2009            |   |   | 5,250,000 |   |   | $      | 525    |       |   | $      | 425     |   |   | $      | (19,550                                                | ) |   | $ | (18,600 | ) |
|                                |   |   |      |   |   |   |   |       |   |   |    |   |   |   |                                                   |   |   |   |   |   |
| Net Loss                            |   |   |      |   |   |   |   |       |   |   |    |   |   |   |         (5,551 | ) |   |   |        (5,551 | ) |
|                                |   |   |      |   |   |   |   |       |   |   |    |   |   |   |                                                   |   |   |   |   |   |
| Total, September 30, 2010           |   |   | 5,250,000 |   |   | $      | 525    |       |   | $      | 425     |   |   | $      | (25,101                                                | ) |   | $ | (24,151 | ) |

----

|                                                      |   | 9 MONTHS  |                                                   |   | 9 MONTHS  |   |   |      |   |
|-----------------------------------------------------------|--------|-----------|--------------------------------------------------------|--------|-----------|--------|--------|-----------|--------|
|                                                      |   | ENDING    |                                                   |   | ENDING    |   |   | FROM      |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                      |   | 9/30/2010 |                                                   |   | 9/30/2009 |   |   | INCEPTION |   |
|                                                      |   |      |                                                   |   |      |   |   |      |   |
| Net income (loss)                                         |   | $         |         (5,551 | )      |      | $      | (1,300 | )         |   | $ | (25,101 | ) |
|                                                      |   |      |                                                   |   |      |   |   |      |   |   |   |   |
| Increase (Decrease) in Accrued Expenses                   |   |      |         5,551  |   |      |   | 1,300  |      |   |   | 24,151 |   |
|                                                      |   |      |                                                   |   |      |   |   |      |   |   |   |   |
| 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                              |   | $         | -                                                      |   |      | $      | -      |      |   | $ | - |   |

----

----

----

| Deferred tax assets:       |   |   |   |
|----------------------------|--------|--------|--------|
| Federal net operating loss |   | $      | 3,023  |   |
| State net operating loss   |   |   | 1,007  |   |
|                       |   |   |   |   |
| Total deferred tax assets  |   |   | 4,030  |   |
| Less valuation allowance   |   |   | (4,030 | ) |
|                       |   |   |   |   |
|                       |   | $      | --     |   |

|                              |   | 2010   |   | 2009   |   |
|-----------------------------------|--------|--------|--------|--------|--------|
|                              |   |   |   |   |   |
| Federal 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    | % |

----

----

----

----

|                    | SEGWAY 1V CORP, INC. |
|-------------------------|----------------------|
|                    |                 |
| Date: November 15, 2010 | By:        | /s/ Donny Smith |
|                    |                 | Donny Smith |
|                    |                 | President, CEO, CFO, Secretary and Director  |