UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549


_______________




FORM
10-Q


_______________




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




For
the quarterly period ended June 30, 2008




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





For the transition period from
______to______.




SEGWAY
IV CORP.


(Exact
name of registrant as specified in Charter




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





213
South Oak Avenue, Owatonna, Minnesota 55060


(Address
of Principal Executive Offices)


_______________




(507)
446-9166


(Issuer
Telephone number)


_______________




(Former
Name or Former Address if Changed Since Last Report)




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




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




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




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


Yes x  No
o




State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of August  4, 2008: 5,250,000 shares of common stock.













SEGWAY IV
CORP.


FORM 10-Q


June
30, 2008




INDEX




PART
I-- FINANCIAL INFORMATION





Item
      1.
            Financial
      StatementsItem
      2.
            Management’s
      Discussion and Analysis of Financial Condition and Results of
      OperationsItem
      3
            Quantitative
      and Qualitative Disclosures About Market RiskItem
      4T.
            Controls
      and Procedures




PART
II—OTHER INFORMATION




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




SIGNATURE














PART
I – FINANCIAL INFORMATION





Item
1. Financial Statements




SEGWAY IV
CORP.


(a
development stage company)


FINANCIAL
STATEMENTS




AS OF
June 30, 2008




SEGWAY
IV CORP.


(a
development stage company)


Financial
Statements Table of Contents




FINANCIAL
STATEMENTS                                                      
Page #




Balance
Sheet                                                                         F-1




Statement
of Operations and Retained
Deficit                  F-2/F-3




Statement
of Stockholders
Equity                                       F-4




Cash
Flow
Statement                                                             F-5




Notes
to the Financial
Statements                                       F-6













SEGWAY
      IV CORP.(a
      development stage company)BALANCE
      SHEETSAs
      of June 30, 2008 and December 31, 2007ASSETSCURRENT
      ASSETS
              
              6/30/2008
              
              
              12/31/2007Cash
              
              $
              -
              
              
              $
              -Total
      Current Assets
              
              
              -
              
              
              
              -TOTAL
      ASSETS
              
              $
              -
              
              
              $
              -LIABILITIES AND
      STOCKHOLDERS' EQUITYCURRENT
      LIABILITIESAccrued
      Expenses
              
              $
              14,050
              
              
              $
              13,350Total
      Current Liabilities
              
              
              14,050
              
              
              
              13,350TOTAL
      LIABILITIES
              
              
              14,050
              
              
              
              13,350STOCKHOLDERS'
      EQUITYPreferred Stock
      - Par value $0.0001;Authorized:
      20,000,000None
      issues and outstanding
              
              
              -
              
              
              
              -Common
      Stock - Par value $0.0001;Authorized:
      100,000,000Issued
      and Outstanding: 5,250,000
              
              
              525
              
              
              
              525Additional
      Paid-In Capital
              
              
              425
              
              
              
              425Accumulated
      Deficit
              
              
              (15,000
              )
              
              
              (14,300
              )Total
      Stockholders' Equity
              
              
              (14,050
              )
              
              
              (13,350
              )TOTAL
      LIABILITIES AND EQUITY
              
              $
              -
              
              
              $
              -










F-1






SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF OPERATIONSFor
      the six months ending June 30, 2008 and 2007From
      inception (March 31, 2000) through June 30, 20086
      MONTHS
              
              
              6
      MONTHSENDING
              
              
              ENDING
              
              
              FROM6/30/2008
              
              
              6/30/2007
              
              
              INCEPTIONREVENUE
              
              $
              -
              
              
              $
              -
              
              
              $
              -COST
      OF SERVICES
              
              
              -
              
              
              
              -
              
              
              
              -GROSS PROFIT OR
      (LOSS)
              
              
              -
              
              
              
              -
              
              
              
              -GENERAL AND
      ADMINISTRATIVE EXPENSES
              
              
              700
              
              
              
              700
              
              
              
              15,000NET INCOME
      (LOSS)
              
              
              (700
              )
              
              
              (700
              )
              
              
              (15,000
              )ACCUMULATED DEFICIT,
      BEGINNING BALANCE
              
              
              (14,300
              )
              
              
              (11,800
              )
              
              
              -ACCUMULATED DEFICIT,
      ENDING BALANCE
              
              $
              (15,000
              )
              
              $
              (12,500
              )
              
              $
              (15,000
              )Earnings (loss) per
      share
              
              $
              (0.00
              )
              
              $
              (0.00
              )Weighted average
      number of common shares
              
              
              5,250,000
              
              
              
              5,250,000


F-2
   SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF OPERATIONSFor
      the three months ending June 30, 2008 and 20073
      MONTHS
                
                
                3
      MONTHSENDING
                
                
                ENDING6/30/2008
                
                
                6/30/2007REVENUE
                
                $
                -
                
                
                $
                -COST
      OF SERVICES
                
                
                -
                
                
                
                -GROSS PROFIT OR
      (LOSS)
                
                
                -
                
                
                
                -GENERAL AND
      ADMINISTRATIVE EXPENSES
                
                
                350
                
                
                
                350NET INCOME
      (LOSS)
                
                
                (350
                )
                
                
                (350
                )
 
  F-3
   SEGWAY
      IV CORP.(a
      development stage company)STATEMENT
      OF STOCKHOLDERS' EQUITYFrom
      inception (March 31, 2000) through June 30, 2008COMMON
                
                
                ADDITIONAL
                
                
                ACCUM.
                
                
                TOTALSHARES
                
                
                STOCK
                
                
                PAID
      IN
                
                
                DEFICIT
                
                
                EQUITYStock
      Issued for cash
                
                
                5,250,000
                
                
                $
                525
                
                
                $
                225
                
                
                $
                -
                
                
                $
                750Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (837
                )
                
                
                (837
                )Total,
      December 31, 2000
                
                
                5,250,000
                
                
                
                525
                
                
                
                225
                
                
                
                (837
                )
                
                
                (87
                )Contributed
      capital by shareholders
                
                
                
                
                
                
                
                
                
                
                124
                
                
                
                
                
                
                
                124Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (926
                )
                
                
                (926
                )Total,
      December 31, 2001
                
                
                5,250,000
                
                
                
                525
                
                
                
                349
                
                
                
                (1,763
                )
                
                
                (889
                )Contributed
      capital by shareholders
                
                
                
                
                
                
                
                
                
                
                76
                
                
                
                
                
                
                
                76Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (912
                )
                
                
                (912
                )Total,
      December 31, 2002
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (2,675
                )
                
                
                (1,725
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (3,825
                )
                
                
                (3,825
                )Total,
      December 31, 2003
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (6,500
                )
                
                
                (5,550
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (1,925
                )
                
                
                (1,925
                )Total,
      December 31, 2004
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (8,425
                )
                
                
                (7,475
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (2,075
                )
                
                
                (2,075
                )Total,
      December 31, 2005
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (10,500
                )
                
                
                (9,550
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (1,300
                )
                
                
                (1,300
                )Total,
      December 31, 2006
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (11,800
                )
                
                
                (10,850
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (2,500
                )
                
                
                (2,500
                )Total,
      December 31, 2007
                
                
                5,250,000
                
                
                
                525
                
                
                
                425
                
                
                
                (14,300
                )
                
                
                (13,350
                )Net
      Loss
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (700
                )
                
                
                (700
                )Total,
      June 30, 2008
                
                
                5,250,000
                
                
                $
                525
                
                
                $
                425
                
                
                $
                (15,000
                )
                
                $
                (14,050
                )
 F-4
   SEGWAY
      IV CORP.(a
      development stage company)STATEMENTS
      OF CASH FLOWSFor
      the six months ending June 30, 2008 and 2007,from
      inception (March 31, 2000) through June 30, 20086
      MONTHS
                  
                  
                  6
      MONTHSENDING
                  
                  
                  ENDING
                  
                  
                  FROMCASH FLOWS FROM
      OPERATING ACTIVITIES
                  
                  06/30/08
                  
                  
                  6/30/2007
                  
                  
                  INCEPTIONNet
      income (loss)
                  
                  $
                  (700
                  )
                  
                  $
                  (700
                  )
                  
                  $
                  (15,000
                  )Increase
      (Decrease) in Accrued Expenses
                  
                  
                  700
                  
                  
                  
                  700
                  
                  
                  
                  14,050Net
      cash provided by (used in) operating activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (950
                  )CASH FLOWS FROM
      INVESTING ACTIVITIESNone
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Net
      cash flows provided by (used in) investing activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -CASH FLOWS FROM
      FINANCING ACTIVITIESProceeds
      from capital contributions
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  200Proceeds
      from stock issuance
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  750Net
      cash flows provided by (used in) financing activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  950CASH
      RECONCILIATIONNet
      increase (decrease) in cash
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Cash
      - beginning balance
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -CASH BALANCE - END OF
      PERIOD
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -


F-5
   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-6
   2.
Related Party Transactions and Going Concern:
  The
Company’s financial statements have been presented on the basis that it is a
going concern in the development stage, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business. At
this time The Company has not identified the business that it wishes to engage
in.
  The
Company’s shareholders fund The Company’s activities while The Company takes
steps to locate and negotiate with a business entity for combination; however,
there can be no assurance these activities will be successful.
  3.
Accounts Receivable and Customer Deposits:
  Accounts
receivable and Customer deposits do not exist at this time and therefore have no
allowances accounted for or disclosures made.
  4. Use of
Estimates:
  Management
uses estimates and assumptions in preparing these financial statements in
accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenue and
expenses. Management has no reason to make estimates at this time.
  5. Revenue and Cost
Recognition:
  The
Company uses the accrual basis of accounting in accordance with generally
accepted accounting principles for financial statement reporting.
  6.
Accrued Expenses:
  Accrued
expenses consist of accrued legal, accounting and office costs during this stage
of the business.
  7. Income
Taxes:
 
 The
income tax payable that was accrued for the quarter ended June 30, 2008 was
offset by the Company’s net operating loss carry-forward therefore the
provisions for income tax in the income statement is $0.  For the six
months ended June 30, 2008 the Company had an operating loss of $700, which is a
loss that can be carried forward to offset future income for a period of 20
years. The Company has net operating loss carry-forwards that were derived
solely from operating losses. These amounts can be carried forward to be used to
offset future income for tax purposes for a period of 20 years for each year’s
loss. The accounting for these losses derives a deferred tax asset from
inception to the period ended June 30, 2008 of 3,000.
 
 No
provision was made for federal income tax since the Company has significant net
operating losses. From inception through June 30, 2008, the Company incurred net
operating losses for tax purposes of approximately $15,000. The net operating
loss carry forwards may be used to reduce taxable income through the years 2020
to 2028. The availability of the Company’s net operating loss carry-forwards are
subject to limitation if there is a 50% or more positive change in the ownership
of the Company’s stock. The provision for income taxes consists of the federal
and state minimum tax imposed on corporations.
 
 Deferred
income taxes reflect the net tax effects of temporary differences between the
carrying amounts of assets and liabilities for financial statement purposes and
the amounts used for income tax purposes. Significant components of the
Company's deferred tax liabilities and assets as of June 30, 2008 are as
follows:
 
 F-7
   Deferred
      tax assets:Federal
      net operating loss
                
                $
                2,250State
      net operating loss
                
                
                750Total
      deferred tax assets
                
                
                3,000Less
      valuation allowance
                
                
                (3,000
                )$
                --
  The
Company has provided a 100% valuation allowance on the deferred tax assets at
June 30, 2008 to reduce such asset to zero, since there is no assurance that the
Company will generate future taxable income to utilize such asset. Management
will review this valuation allowance requirement periodically and make
adjustments as warranted.
  The
reconciliation of the effective income tax rate to the federal statutory rate
for the periods ended December 31, 2007 and December 31, 2006 is as
follows:
  2007
                
                2006Federal
      income tax rate
                
                
                (15.0
                %)
                (15.0
                %)State
      tax, net of federal benefit
                
                
                (5.0
                %)
                (5.0
                %)Increase
      in valuation allowance
                
                
                20.0
                %
                20.0
                %Effective
      income tax rate
                
                
                0.0
                %
                0.0
                %
  8.
Operating Lease Agreements:
  The
Company has no agreements at this time.
  9.
Stockholder’s Equity:
  Common
Stock includes 100,000,000 shares authorized at a par value of $0.0001, of which
5,250,000 have been issued for the amount of $750. The shareholders contributed
an additional $200 to capital during the years 2001 and 2002. The Company has
also authorized 20,000,000 shares of preferred stock at a par value of $0.0001,
none of which have been issued.
  10. Required Cash Flow
Disclosure for Interest and Taxes Paid:
  The
company has paid no amounts for federal income taxes and interest.
  11.
Earnings Per Share:
  Basic earnings per share (“EPS”) is
computed by dividing earnings available to common shareholders by the
weighted-average number of common shares outstanding for the period as required
by the Financial Accounting Standards Board (FASB)under Statement of Financial
Accounting Standards (SFAS) No. 128, “Earnings per Shares”. Diluted EPS reflects
the potential dilution of securities that could share in the
earnings.


F-8






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





Plan of
Operation




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




Results of
Operation




We did
not have any operating income from inception (March 31, 2000) through December
31, 2007. For the quarter ended June 30, 2008, we recognized a net loss of $350
as compared with $700 for the prior year's quarter. Some general and
administrative expenses during the quarter were accrued. Expenses for the
quarter were comprised of costs mainly associated with legal, accounting and
office.




Liquidity and Capital
Resources




At June
30, 2008 we had no capital resources and will rely upon the issuance of common
stock and additional capital contributions from shareholders to fund
administrative expenses pending acquisition of an operating
company.













Item
3. Quantitative and Qualitative Disclosures About Market Risk





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





Item
4T.  Controls and Procedures





Evaluation
of Disclosure Controls and Procedures





We
maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in our reports filed pursuant to the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the Securities and Exchange Commission's rules, regulations
and related forms, and that such information is accumulated and communicated to
our principal executive officer and principal financial officer, as appropriate,
to allow timely decisions regarding required disclosure.





As of
June 30, 2008, we carried out an evaluation, under the supervision and with the
participation of our Chief Executive Officer and our Chief Financial Officer of
the effectiveness of the design and operation of our disclosure controls and
procedures. Based on this evaluation, our Chief Executive Officer and our Chief
Financial Officer concluded that our disclosure controls and procedures were
effective as of the end of the period covered by this report.





Changes
in Internal Controls





There
have been no changes in the Company's internal control over financial reporting
during the latest fiscal quarter that have materially affected, or are
reasonably likely to materially affect, the Company's internal control over
financial reporting.















PART
II - OTHER INFORMATION




Item
1. Legal Proceedings.




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





Item
1A. Risk Factors





None




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




None.




Item
3. Defaults Upon Senior Securities.




None




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




None.




Item
5. Other Information.




None




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




(a)           Exhibits




31.1
Certifications of Chief Executive Officer and Chief Financial Officer pursuant
to Section 302 of Sarbanes Oxley Act of 2002




32.1
Certifications of Chief Executive Officer and Chief Financial Officer pursuant
to Section 906 of Sarbanes Oxley Act of 2002




(b)           Reports
of Form 8-K




None.













SIGNATURES




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




SEGWAY
      1V CORP, INC.Date:
      August  4, 2008
            By:
            /s/ Donnie
      SmithDonnie
      SmithPresident,
      Secretary and Director