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 June 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 ofincorporation 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)  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. YesxNoo  Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the Exchange Act subsequent to the distribution of securities under a plan confirmed by a court. YesoNox  Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.  Yes
        x
        Noo  State the number of shares outstanding of each of the issuers classes of common equity, as of August 21, 2006: 5,250,000 shares of common stock.  Transitional Small Business Disclosure Format (check one): YesoNox     TABLE OF CONTENTS




PART I  FINANCIAL INFORMATIONItem 1. Financial InformationItem 2. Managements Discussion and Analysis or Plan of OperationItem 3. Controls and ProceduresPART II  OTHER INFORMATIONItem 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 JUNE 30, 2006





SEGWAY IV CORP.

(a development stage company)

Financial Statements Table of Contents








FINANCIAL STATEMENTS
        Page #




Balance Sheet
        F-1




Statement of Operations and Retained Deficit
        F-2




Statement of Stockholders Equity
        F-3




Cash Flow Statement
        F-4




Notes to the Financial Statements
        F-6

















SEGWAY IV CORP.(a development stage company)BALANCE SHEETS(unaudited)As of June 30, 2006 and December 31, 2005ASSETSCURRENT ASSETS
        
        
        
        
        
        
        6/30/06
        
        
        12/31/2005Cash
        
        
        
        
        
        $
        -
        
        $
        -Total Current Assets
        
        
        
        
        -
        
        
        -TOTAL ASSETS
        
        
        
        $
        -
        
        $
        -LIABILITIES AND STOCKHOLDERS' EQUITYCURRENT LIABILITIESAccrued Expenses
        
        
        
        
        $
        10,250
        
        $
        9,550Total Current Liabilities
        
        
        
        
        10,250
        
        
        9,550TOTAL LIABILITIES
        
        
        
        
        10,250
        
        
        9,550STOCKHOLDERS' 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
        
        
        
        
        
        (11,200)
        
        
        (10,500)Total Stockholders' Equity
        
        
        
        
        (10,250)
        
        
        (9,550)TOTAL LIABILITIES AND EQUITY
        
        $
        -
        
        $
        -The accompanying notes are an integral part of these financial statements.






SEGWAY IV CORP.(a development stage company)STATEMENT OF OPERATIONS(unaudited)For the six months ending June 30, 2006 and 2005From inception (March 31,2000) through June 30, 20066 MONTHS
        
        
        3 MONTHS
        
        
        6 MONTHS
        
        
        3 MONTHSENDING
        
        
        ENDING
        
        
        ENDING
        
        
        ENDING
        
        
        FROM6/30/2006
        
        
        6/30/2006
        
        
        6/30/2005
        
        
        6/30/2005
        
        
        INCEPTIONREVENUE
        
        
        $
        -
        
        $
        -
        
        $
        -
        
        $
        -
        
        $
        -COST OF SERVICES
        
        
        
        -
        
        
        -
        
        
        -
        
        
        -
        
        
        -GROSS PROFIT OR (LOSS)
        
        
        -
        
        
        -
        
        
        -
        
        
        -
        
        
        -GENERAL AND ADMINISTRATIVE EXPENSES
        
        700
        
        
        350
        
        
        825
        
        
        825
        
        
        11,200NET INCOME (LOSS)
        
        
        $
        (700)
        
        $
        (350)
        
        $
        (825)
        
        $
        (825)
        
        $
        (11,200)ACCUMULATED DEFICIT, BEGINNING BALANCE
        
        (10,500)
        
        
        
        
        
        (8,425)
        
        
        
        
        
        -ACCUMULATED DEFICIT, ENDING BALANCE
        $
        (11,200)
        
        
        
        
        $
        (9,250)
        
        
        
        
        $
        (11,200)Earnings (loss) per share
        
        $
        (0.00)
        
        
        
        
        $
        (0.00)Weighted average number of common shares
        
        5,250,000
        
        
        
        
        
        5,250,000



The accompanying notes are an integral part of these financial statements.






SEGWAY IV CORP.(a development stage company)STATEMENT OF STOCKHOLDERS' EQUITY(unaudited)From inception (March 31, 2000) through June 30, 2006COMMON
        
        
        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
        
        
        
        
        
        
        
        
        
        
        
        
        (700)
        
        
        (700)Total, June 30, 2006
        
        
        5,250,000
        
        $
        525
        
        $
        425
        
        $
        (11,200)
        
        $
        (10,250)The accompanying notes are an integral part of these financial statements.




SEGWAY IV CORP.(a development stage company)STATEMENTS OF CASH FLOWS(unaudited)For the six months ending June 30, 2006 and 2005,from inception (March 31, 2000) through June 30, 20066 MONTHS
        
        
        6 MONTHSENDING
        
        
        ENDING
        
        
        FROMCASH FLOWS FROM OPERATING ACTIVITIES
        
        
        
        
        
        06/30/06
        
        
        6/30/2005
        
        
        INCEPTIONNet income (loss)
        
        
        
        
        
        
        $
        (700)
        
        $
        (825)
        
        $
        (11,200)Increase (Decrease) in Accrued Expenses
        
        
        
        
        
        700
        
        
        825
        
        
        10,250Net cash provided by (used in) operating activities
        
        
        -
        
        
        -
        
        
        (950)CASH FLOWS FROM INVESTING ACTIVITIESNone
        
        
        
        
        
        
        
        
        -
        
        
        -
        
        
        -Net cash flows provided by (used in) investing activities
        
        
        -
        
        
        -
        
        
        -CASH FLOWS FROM FINANCING ACTIVITIESProceeds from capital contributions
        
        
        
        
        
        -
        
        
        -
        
        
        200Proceeds from stock issuance
        
        
        
        
        
        -
        
        
        -
        
        
        750Net cash flows provided by (used in) financing activities
        
        
        -
        
        
        -
        
        
        950CASH RECONCILIATIONNet increase (decrease) in cash
        
        
        
        
        
        -
        
        
        -
        
        
        -Cash - beginning balance
        
        
        
        
        
        
        
        -
        
        
        -
        
        
        -CASH BALANCE - END OF PERIOD
        
        
        
        
        
        
        $
        -
        
        $
        -
        
        $
        -The accompanying notes are an integral part of these financial statements.




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.







1



2. Related Party Transactions and Going Concern:



The Companys financial statements have been presented on the basis that it is a going concern in the development stage, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. At this time The Company has not identified the business that it wishes to engage in.



The Companys shareholders fund The Companys activities while The Company takes steps to locate and negotiate with a business entity for combination; however, there can be no assurance these activities will be successful.



3. Accounts Receivable and Customer Deposits:



Accounts receivable and Customer deposits do not exist at this time and therefore have no allowances accounted for or disclosures made.



4. Use of Estimates:



Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenue and expenses. Management has no reason to make estimates at this time.



5. Revenue and Cost Recognition:



The Company uses the accrual basis of accounting in accordance with generally accepted accounting principles for financial statement reporting.



6. Accrued Expenses:



Accrued expenses consist of accrued legal, accounting and office costs during this stage of the business.



7. Income Taxes:



The Company has net operating losses from inception in the amount $10,850 which can be used to offset future income for tax purposes affording the Company a tax savings of approximately $2,170.  The net losses may be carried forward for a twenty year period of time from the year such losses were incurred.  The losses will expire as follows:




2020
        $
        8372021
        
        9262022
        
        9122023
        
        3,8252024
        
        1,9252025
        
        2,0752026
        
        700Total
        $
        11,200

The tax savings of $2,300 are considered a deferred tax asset of which management has set an allowance of $2,300 against this asset due to the doubtful use of this asset.







2



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.





3



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

The following discussion and analysis provides information which management believes is relevant to an assessment and understanding of our financial condition. The discussion should be read in conjunction with our financial statements and notes thereto appearing in this prospectus. The following discussion and analysis contains forward-looking statements, which involve risks and uncertainties. Our actual results may differ significantly from the results, expectations and plans discussed in these forward- looking statements.



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 June 30, 2006. For the three months ended June 30, 2006, we recognized a net loss of $350 as compared with $825 for the prior years quarter. For the six months ended June 30, 2006, we recognized a net loss of $700 as compared with $350 for the prior years quarter. We recognized a net loss of $11,200 from March 31, 2000 (Inception) through June 30, 2006.



Some general and administrative expenses during the three months and six months ended June 30, 2006 were accrued. Expenses for the three months and six months ended June 30, 2006 were comprised of costs mainly associated with legal, accounting and office.



Liquidity and Capital Resources



At June 30, 2006 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. Shareholders are under no obligation to provide such additional capital contributions.



Off Balance Sheet Arrangements



We have no off-balance sheet arrangements.




Item 3.
        Controls and Procedures

Evaluation of disclosure controls and procedures



Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of June 30, 2006. Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commissions rules and forms and that our disclosure and controls are designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.







4



Changes in internal controls



There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the first quarter of fiscal 2006 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



PART II  OTHER INFORMATION




Item 1.
        Legal Proceedings.

We are currently not a party to any pending legal proceedings and no such actions by, or to the best of its knowledge, against us have been threatened.




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.

No matter was submitted during the quarter ending June 30, 2006, covered by this report to a vote of our shareholders, through the solicitation of proxies or otherwise.




Item 5.
        Other Information.

None




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


(a)
        Reports on Form 8-K and Form 8K-ANone(b)
        ExhibitsExhibit No.
        Exhibit Title31.1
        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.

5



SIGNATURES



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



SEGWAY IV, INC



By:/s/Donny Smith

Donny Smith,

Chairman of the Board of Directors,

President, Chief Executive Officer,

Chief Financial Officer and

Principal Accounting Officer



August 21, 2006