U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


                              [X] QUARTERLY REPORT
                                       OR
                              [ ] TRANSITION REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                       For the Quarter Ended June 30, 2004
                          Commission File No. 000-26828


--------------------------------------------------------------------------------


                                MORO CORPORATION
             (Exact name of registrant as specified in its charter)


--------------------------------------------------------------------------------


                  Delaware                              51-0338736
      (State or other jurisdiction of       (I.R.S. Employer Identification No.)
       Incorporation or organization)


                                    The Woods
                      994 Old Eagle School Road, Suite 1000
                                 Wayne, PA 19087
               (Address of principal executive offices) (zip code)

                                 (484) 367-0300
              (Registrant's telephone number, including area code)



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

    As of August 3, 2004, 6,250,000 shares of common stock were outstanding.

         Transitional Small Business Disclosure Format (check one)

                           YES           NO     X
                              ---------    ----------



<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                MORO CORPORATION

                                      INDEX
<TABLE>
<CAPTION>
<S>      <C>                                                             <C>
Number                                                                   Page(s)
------                                                                   -------

                         PART I - FINANCIAL INFORMATION
                         ------------------------------


ITEM 1.  CONSOLIDATED FINANCIAL STATEMENTS

         Consolidated Balance Sheets as of June 30, 2004
          and December 31, 2003                                            1-2

         Consolidated Statements of Income for the Six Months
          Ended June 30, 2004 and 2003                                       3

         Consolidated Statements of Income for the Three Months
          Ended June 30, 2004 and 2003                                       4

         Consolidated Statements of Cash Flows for the Six Months
          Ended June 30, 2004 and 2003                                     5-6

         Notes to Consolidated Financial Statements                       7-11


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS                            12-16

ITEM 3.  CONTROLS AND PROCEDURES                                            16

                           PART II - OTHER INFORMATION
                           ---------------------------


ITEM 1.  LEGAL PROCEEDINGS                                                  17

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS                          17

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                    17

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                17

ITEM 5.  OTHER INFORMATION                                                  17

ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K                                 17

           SIGNATURES                                                       18

           CERTIFICATIONS                                                19-20

</TABLE>


           See accompanying Notes to Consolidated Financial Statements



<PAGE>




                                MORO CORPORATION
                           CONSOLIDATED BALANCE SHEETS
                       JUNE 30, 2004 AND DECEMBER 31, 2003


<TABLE>
<CAPTION>

                                                             June 30,
                                                               2004      December 31,
                                                           (Unaudited)       2003
                                                           -----------   -----------
<S>                                                       <C>           <C>

                              ASSETS

CURRENT ASSETS

Cash and Cash Equivalents ..............................   $   229,117   $   436,756
Trade Accounts Receivable, Net .........................     3,416,267     2,413,597
Accounts Receivable on Contracts
 (Including Retentions) ................................     1,969,961     1,718,852
Inventory ..............................................     1,526,828       708,046
Costs and Estimated Earnings in Excess
 of Billings on Uncompleted Contracts                          396,695       362,745
Investment in Joint Venture ............................       246,035       145,796
Prepaid Income Taxes ...................................            --        40,013
Prepaid Materials ......................................       533,275            --
Other Current Assets ...................................       101,452        31,823
                                                           -----------   -----------
              Total Current Assets .....................     8,419,630     5,857,628

PROPERTY AND EQUIPMENT, NET ............................     1,375,157     1,167,787

OTHER INTANGIBLE ASSETS, NET ...........................        30,500        26,508

OTHER ASSETS ...........................................         5,893         7,718

GOODWILL ...............................................       625,348       385,341
                                                           -----------   -----------

              Total Assets .............................   $10,456,528   $ 7,444,982
                                                           ===========   ===========


</TABLE>


           See accompanying Note to Consolidated Financial Statements
                                       1
<PAGE>


                                MORO CORPORATION
                           CONSOLIDATED BALANCE SHEETS
                       JUNE 30, 2004 AND DECEMBER 31, 2003

<TABLE>
<CAPTION>
                                                            June 30,
                                                              2004       December 31,
                                                           (Unaudited)       2003
                                                           -----------   -----------

<S>                                                        <C>           <C>
               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Line of Credit .........................................   $ 1,982,876   $   862,399
Current Portion of Long-Term Debt ......................       467,698       437,941
Trade Accounts Payable .................................     2,250,534     1,405,901
Due to Former Owners ...................................       276,524       431,322
Accrued Expenses .......................................       352,502       222,864
Income Taxes Payable ...................................       291,481            --
Billings in Excess of Costs and Estimated
  Earnings on Uncompleted Contracts ....................        60,370        40,410
                                                           -----------   -----------
              Total Current Liabilities ................     5,681,985     3,400,837

LONG-TERM LIABILITIES
Long-Term Debt .........................................     1,151,739       948,388
Convertible Debentures .................................       650,000       650,000
Deferred Tax Liability .................................       168,500       159,000
                                                           -----------   -----------
              Total Long-Term Liabilities ..............     1,970,239     1,757,388

STOCKHOLDERS' EQUITY
Preferred Stock, $.001 Par Value, Authorized
 5,000,000 Shares; None Issued or Outstanding
 at June 30, 2004 and December 31, 2003 ................            --            --
Common Stock, $.001 Par Value, Authorized
 25,000,000 Shares; Issued and Outstanding
 6,250,000 Shares at June, 2004 and
 December 31, 2003 .....................................         6,250         6,250
Additional Paid-In Capital .............................       793,325       793,325
Retained Earnings ......................................     2,004,729     1,487,182
                                                           -----------   -----------
              Total Stockholders' Equity ...............     2,804,304     2,286,757
                                                           -----------   -----------

              Total Liabilities and Stockholders' Equity   $10,456,528   $ 7,444,982
                                                           ===========   ===========
</TABLE>








           See accompanying Note to Consolidated Financial Statements
                                       2
<PAGE>


                                MORO CORPORATION
                        CONSOLIDATED STATEMENTS OF INCOME
                 FOR THE SIX MONTHS ENDED JUNE 30, 2004 AND 2003
                                   (Unaudited)

<TABLE>
<CAPTION>


                                             For the Six Months Ended June, 30
                                                     2004            2003
                                                ------------    ------------
<S>                                            <C>              <C>
REVENUES

   Construction Materials Sales, Net .......   $  8,281,082     $  4,579,384
   Mechanical Contracts Revenue Earned .....      4,844,020        6,519,645
                                               ------------     ------------
              Total Revenues ...............     13,125,102       11,099,029

COST OF REVENUES
   Cost of Goods Sold ......................      6,043,357        3,707,474
   Cost of Construction Contract Revenue ...      4,483,894        5,928,353
                                               ------------     ------------
              Total Cost of Revenues .......     10,527,251        9,635,827

GROSS PROFIT ...............................      2,597,851        1,463,202

OPERATING EXPENSES
   Selling, General and Administrative Expenses   1,756,235        1,233,724

                                               ------------     ------------
OPERATING INCOME ...........................        841,616          229,478

OTHER INCOME (EXPENSE)
   Other ...................................         21,763           12,066
   Interest Income .........................            680            2,250
   Interest Expense ........................        (87,651)         (71,582)
   Equity in Earnings of Joint Venture .....        100,239               --
                                               ------------     ------------
INCOME BEFORE INCOME TAXES .................        876,647          172,212

PROVISION FOR INCOME TAXES .................        359,100           70,000
                                               ------------     ------------

NET INCOME .................................   $    517,547     $    102,212
                                               ============     ============

EARNINGS PER SHARE - BASIC AND DILUTED .....   $       0.08     $       0.02
                                               ============     ============

WEIGHED AVERAGE SHARES OUTSTANDING -
 BASIC AND DILUTED .........................      6,250,000        6,250,000
                                               ============     ============


</TABLE>





           See accompanying Note to Consolidated Financial Statements
                                       3
<PAGE>


                                MORO CORPORATION
                        CONSOLIDATED STATEMENTS OF INCOME
                FOR THE THREE MONTHS ENDED JUNE 30, 2004 AND 2003
                                   (Unaudited)

<TABLE>
<CAPTION>

<S>                                            <C>             <C>
                                           For the Three Months Ended June, 30
                                                    2004            2003
                                               ------------     ------------

REVENUES
   Construction Materials Sales, Net........   $  4,853,416     $  3,150,673
   Mechanical Contracts Revenue Earned......      3,059,005        3,231,655
                                               ------------     ------------
              Total Revenues................      7,912,421        6,382,328

COST OF REVENUES
   Cost of Goods Sold.......................      3,436,143        2,583,949
   Cost of Construction Contract Revenue....      2,649,067        3,001,215
                                               ------------     ------------
              Total Cost of Revenues........      6,085,210        5,585,164

GROSS PROFIT................................      1,827,211          797,164

OPERATING EXPENSES
   Selling, General and Administrative
     Expenses...............................      1,085,723          561,897
                                               ------------     ------------

OPERATING INCOME............................        741,488          235,267

OTHER INCOME (EXPENSE)
   Other....................................         18,958            7,654
   Interest Income..........................            276              708
   Interest Expense.........................        (44,091)         (32,283)
   Equity in Earnings of Joint Venture......         42,239                -
                                               ------------     ------------

INCOME BEFORE INCOME TAXES..................        758,870          211,346

PROVISION FOR INCOME TAXES..................        313,400           81,342
                                               ------------     ------------

NET INCOME..................................   $    445,470     $    130,004
                                               ============     ============

EARNINGS PER SHARE - BASIC AND DILUTED......   $       0.07             0.02
                                               ============     ============

WEIGHED AVERAGE SHARES OUTSTANDING -
 BASIC AND DILUTED..........................      6,250,000        6,250,000
                                               ============     ============

</TABLE>





           See accompanying Note to Consolidated Financial Statements
                                       4
<PAGE>





                                MORO CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                     SIX MONTHS ENDED JUNE 30, 2004 AND 2003
                                   (Unaudited)

<TABLE>
<CAPTION>
<S>                                                               <C>                 <C>

                                                                  For the Six Months Ended June 30,
                                                                       2004                2003
                                                                  ------------        ------------

CASH FLOWS FROM OPERATING ACTIVITIES

   Net Income.................................................    $    517,547        $    102,212
   Adjustments to Reconcile Net Income to
    Net Cash (Used in)  Provided by Operating Activities:
     Amortization.............................................          11,008              18,006
     Depreciation.............................................         150,727             121,652
     Equity in Earnings of Joint Venture......................        (100,239)                  -
     Deferred Income Taxes....................................           9,500              27,100
   Changes in Assets and Liabilities, Net of Acquisitions:
     Trade Accounts Receivable................................        (544,613)           (405,956)
     Contract Accounts Receivable.............................        (251,109)           (115,942)
     Inventory................................................        (542,975)           (210,504)
     Costs in Excess of Billings..............................         (33,950)            376,520
     Prepaid Income Taxes.....................................          40,013             (30,597)
     Prepaid Materials........................................        (533,275)                  -
     Other Current Assets.....................................         (69,629)            (34,768)
     Other Assets.............................................           1,825              (1,875)
     Trade Accounts Payable...................................         374,895           1,342,383
     Due to Former Owners.....................................        (154,798)           (137,065)
     Accrued Expenses.........................................         114,562            (215,081)
     Income Taxes Payable.....................................         291,481            (124,282)
     Billings in Excess of Costs..............................          19,960            (277,786)
                                                                  -------------       -------------
         Net Cash (Used in) Provided by Operating Activities          (699,070)            434,017

CASH FLOWS FROM INVESTING ACTIVITIES
   Purchase of Property and Equipment.........................        (207,097)           (125,064)
   Acquisition of Business, Net of Cash Acquired..............        (655,057)             (4,478)
                                                                  --------------      -------------
         Net Cash Used in Investing Activities................        (862,154)           (129,542)

CASH FLOWS FROM FINANCING ACTIVITIES
   Proceeds of Line of Credit.................................       2,857,477             732,700
   Repayments of Line of Credit...............................      (1,737,000)           (915,000)
   Proceeds of Notes Payable..................................         435,488              20,000
   Principal Payments of Notes Payable........................        (202,380)           (202,583)
                                                                  -------------       -------------
         Net Cash Provided by (Used in) Financing Activities..       1,353,585            (364,883)
                                                                  -------------       -------------

NET DECREASE IN CASH..........................................        (207,639)            (60,408)

CASH - BEGINNING..............................................         436,756             976,239
                                                                  -------------       -------------

CASH - ENDING.................................................    $    229,117        $    915,831
                                                                  ============        ============


           See accompanying Note to Consolidated Financial Statements
                                       5
<PAGE>
SUPPLEMENTAL DISCLOSURE OF
 CASH FLOW INFORMATION
   Cash Paid for Interest.....................................    $     52,050        $     41,110
                                                                  ============        ============
   Cash Paid for Taxes........................................    $      9,000        $    200,000
                                                                  ============        ============


SUPPLEMENTAL SCHEDULE OF NON-CASH
 INVESTING AND FINANCING ACTIVITIES

   Acquisition of Whaling City Iron Assets and Liabilities:

    Cash purchase price.......................................    $    245,000
    Long-term debt incurred...................................         335,000
    Other liabilities incurred................................          75,057
                                                                  ------------

        Total purchase price..................................    $    655,057
                                                                  ============

    Working capital acquired..................................         249,050
    Fair value of property and
     equipment acquired.......................................         151,000
    Covenant not to compete acquired                                    15,000
    Goodwill acquired.........................................         240,007
                                                                  ------------

        Total purchase price                                      $    655,057
                                                                  ============
</TABLE>
           See accompanying Note to Consolidated Financial Statements
                                       6

<PAGE>



NOTE 1    DESCRIPTION OF BUSINESS

          Moro Corporation (the "Company") is engaged in two lines of business -
          Construction  Materials (fabrication of concrete reinforcing steel and
          distribution of construction  accessories) and Mechanical  Contracting
          (heating,  ventilation,  air conditioning (HVAC),  industrial plumbing
          and process piping  services  including  in-house sheet metal and pipe
          fabrication capabilities).  These products/services are used primarily
          in  construction  projects such as highways,  bridges,  industrial and
          commercial buildings,  hospitals, schools, office buildings, and other
          kinds of structures.  The Company's  customers are mainly  contractors
          and end users.

NOTE 2    FINANCIAL STATEMENTS AND BASIS OF PRESENTATION

          Basis of Presentation and Principles of Consolidation
          The  accompanying   consolidated   financial  statements  include  the
          accounts of the Company and the Company's  wholly-owned  subsidiaries.
          All  significant  intercompany  accounts  and  transactions  have been
          eliminated.

          The  financial  statements  as of June 30, 2004 and for the six months
          ended June 30, 2004 and 2003 are unaudited; however, in the opinion of
          management, such statements include all adjustments, consisting solely
          of normal recurring adjustments,  necessary for a fair presentation of
          the results for the periods presented.

          The interim  financial  statements  should be read in conjunction with
          the financial  statements  for the fiscal year ended December 31, 2003
          and the notes thereto,  included in the Company's  report on Form 10-K
          for the year ended December 31, 2003.

          Risks, Uncertainties and Management Estimates
          The results of operations for the interim  periods are not necessarily
          indicative  of the results that might be expected  for future  interim
          periods or for the full year ending December 31, 2004.

          The preparation of the Company's  consolidated financial statements in
          conformity with accounting principles generally accepted in the United
          States  of  America   requires   management  to  make   estimates  and
          assumptions that affect the reported amounts of assets and liabilities
          and disclosure of contingent assets and liabilities at the date of the
          financial  statements  and  reported  amounts of revenues and expenses
          during the reporting  period.  Actual  results could differ from those
          estimates.

          Interim Financial Reporting
          For interim  financial  reporting  purposes,  costs and  expenses  are
          accounted for in accordance with Accounting  Principles  Board Opinion
          No. 28 ("APB 28").

          See accompanying Notes to Consolidated Financial Statements
                                       7
<PAGE>
NOTE 3    ACQUISITION

          Effective April 12, 2004, the Company  purchased  substantially all of
          the operating  assets and assumed certain  liabilities of Whaling City
          Iron Co.  Whaling is a  distributor  of  reinforcing,  structural  and
          miscellaneous  steel sold to contractors,  end users and  metalworking
          firms located in the greater Boston, MA and Providence, RI areas.

          The  aggregate  purchase  price was $655,057.  The Company  funded the
          acquisition  through (1)  available  cash  resources of $245,000,  (2)
          issuance of a bank note of $120,000  payable in seventy-two (72) equal
          monthly  installments  plus  interest  at the  bank's  Prime rate plus
          one-quarter percent (.25%), (3) issuance of a $200,000 5% subordinated
          note with  principal  payable  in five (5)  equal  annual  amounts  of
          $40,000, (4) a covenant-not-to-compete of $15,000 payable in three (3)
          equal  amounts  of $5,000  plus 5%  interest  and (5) the  balance  of
          $75,057 is being paid out as certain  acquired  assets are  liquidated
          into cash.

          The following table summarizes the estimated fair values of the assets
          acquired and liabilities assumed at the date of acquisition.  The
          allocation of the purchase price to the businesses acquired is
          preliminary and will be finalized when the third party appraisals are
          completed.

                                At April 12, 2004

          Current Assets                                         $ 733,864
          Property, Plant and Equipment                            151,000
          Intangible Assets                                         15,000
          Goodwill                                                 240,007
                                                                ----------

          Total Assets Acquired                                  1,139,871
          Total Liabilities Assumed                                484,814
                                                                ----------

          Net Assets Acquired                                   $  655,057
                                                                ==========

          In accordance with FAS No. 142, Goodwill and Other Intangible  Assets,
          the goodwill of $240,007 is not amortized but is reviewed  annually by
          management for impairment.  The Company estimates fair value using the
          expected  present value of future cash flows. For income tax purposes,
          all goodwill is expected to be amortized over 15 years.

NOTE 4    EARNINGS PER SHARE

          Basic  earnings  per share  amounts are  computed  based on net income
          divided by the weighted  average number of shares  actually issued and
          outstanding.

          Diluted  earnings per share amounts for the six and three months ended
          June 30,  2004 and 2003 are based on the  weighted  average  number of
          shares  calculated for basic earnings per share purposes  increased by
          (when  dilutive)  the  number  of  shares  that  would be  outstanding
          assuming  the  exercise  of  certain   outstanding  stock  options  or
          warrants.  Outstanding options to purchase 385,000 of common shares in
          2004 and 2003 were not included in the computation of diluted earnings
          per share because their per share  exercise price was greater than the
          average per share market price of the Company's common shares.


          See accompanying Notes to Consolidated Financial Statements
                                       8
<PAGE>

          Stock-Based Compensation

          The  Company  adopted  the  disclosure  provisions  of SFAS  No.  148,
          "Accounting for Stock-Based Compensation - Transition and Disclosure."
          At June 30, 2004 and 2003,  the Company had one  stock-based  employee
          compensation  plan.  The  Company  accounts  for this  plan  under the
          intrinsic value recognition and measurement  principles of APB Opinion
          No.  25,  "Accounting  for Stock  Issued to  Employees,"  and  related
          interpretations.

          If the Company had elected to recognize compensation cost based on the
          fair value of the options  granted at grant date as prescribed by SFAS
          No.  123,  net income and  earnings  per common  share would have been
          reduced to the pro forma amount as follows:
<TABLE>
<CAPTION>
<S>                                                                                 <C>                <C>
                                                                                  Six Months Ended
                                                                            June 30,           June 30,
                                                                              2004               2003
                                                                          ------------      --------------

                   Net income, as reported                               $     517,547      $      102,212

                   Deduct: Total stock-based employee
                    compensation expense determined under
                    fair value based method for all awards, net
                    of tax effects                                                   -                   -
                                                                         -------------      --------------

                   Pro-forma net income                                  $     517,547      $      102,212
                                                                         =============      ==============

                   Earnings per share:
                        Basic and diluted - as reported                  $         .08      $          .02
                                                                         =============      ==============
                        Basic and diluted - pro-forma                    $         .08      $          .02
                                                                         =============      ==============




                                                                                 Three Months Ended
                                                                            June 30,           June 30,
                                                                              2004               2003
                                                                          ------------       ------------

                   Net income, as reported                               $     445,470      $      130,004

                   Deduct: Total stock-based employee
                    compensation expense determined under
                    fair value based method for all awards, net
                    of tax effects                                                   -                   -
                                                                         -------------      --------------

                   Pro-forma net income                                  $     445,470      $      130,004
                                                                         =============      ==============

                   Earnings per share:
                        Basic and diluted - as reported                  $         .07      $          .02
                                                                         =============      ==============
                        Basic and diluted - pro-forma                    $         .07      $          .02
                                                                         =============      ==============

</TABLE>


           See accompanying Notes to Consolidated Financial Statements
                                       9
<PAGE>
NOTE 5    DEMAND NOTES PAYABLE, BANK

          The  Company  through its  subsidiaries  maintains  credit  facilities
          totaling $4,150,000,  which are collateralized by substantially all of
          the Company's  assets.  The credit  facilities  require the Company to
          maintain  certain  financial  covenants,  which  the  Company  was  in
          compliance with at June 30, 2004. These facilities expire on September
          30, 2004.

NOTE 6    SEGMENT INFORMATION

          The Company operates in two business segments:  Construction Materials
          and  Mechanical  Contracting.   The  operating  segments  are  managed
          separately  and  maintain  separate  personnel  due to  the  differing
          services and products offered by each segment.

          Operating  segment  information  (unaudited)  for the six months ended
          June 30, 2004 and 2003 is as follows:
<TABLE>
<CAPTION>
<S>                                         <C>                <C>                 <C>               <C>
               Six Months Ended           Construction         Mechanical
                 June 30, 2004              Materials          Contracting        Corporate            Total
          --------------------------    ----------------   -----------------   ---------------   ----------------


          Total revenues                $      8,281,082   $       4,844,020   $             -   $     13,125,102

          Gross profit                  $      2,237,725   $         360,126   $             -   $      2,597,851

          Operating segment
           income (loss) from
           operations                   $        966,316   $         (88,185)  $       (36,515)  $        841,616

          Total segment assets          $      5,893,869   $       4,550,562   $        12,097   $     10,456,528

          Depreciation and
           amortization expense         $         71,945   $          89,790   $             -   $        161,735

          Six Months Ended                Construction         Mechanical
             June 30, 2003                  Materials          Contracting        Corporate            Total
          --------------------------    ----------------   -----------------   ---------------   ----------------

          Total revenues                $      4,579,384   $       6,519,645   $             -   $     11,099,029

          Gross profit                  $        871,910   $         591,292   $             -   $      1,463,202

          Operating segment
           income (loss) from
           operations                   $         70,907   $         218,075   $       (59,504)  $        229,478

          Total segment assets          $      3,735,859   $       5,034,850   $        36,545   $      8,807,254

          Depreciation and
           amortization expense         $         51,496   $          88,162   $             -   $        139,658


           See accompanying Notes to Consolidated Financial Statements
                                       10
<PAGE>
          Operating segment  information  (unaudited) for the three months ended
          June 30, 2004 and 2003 is as follows:

              Three Months Ended          Construction         Mechanical
                 June 30, 2004              Materials          Contracting        Corporate            Total
          --------------------------    ----------------   -----------------   ---------------   ----------------

          Total revenues                $      4,853,416   $       3,059,005   $             -   $      7,912,421

          Gross profit                  $      1,417,273   $         409,938   $             -   $      1,827,211

          Operating segment
           income (loss) from
           operations                   $        611,415   $         127,296   $         2,777   $        741,488

          Total segment assets          $      5,893,869   $       4,550,562   $        12,097   $     10,456,528

          Depreciation and
           amortization expense         $         39,959   $          43,348   $             -   $         83,307


              Three Months Ended          Construction         Mechanical
                  June 30, 2003             Materials          Contracting        Corporate            Total
          --------------------------    ----------------   -----------------   ---------------   ----------------

          Total revenues                $      3,150,673   $       3,231,655   $             -   $      6,382,328

          Gross profit                  $        566,724   $         230,440   $             -   $        797,164

          Operating segment
           income (loss) from
           operations                   $        132,968   $         148,513   $       (46,214)  $        235,267

          Total segment assets          $      3,735,859   $       5,034,850   $        36,545   $      8,807,254

          Depreciation and
           amortization expense         $         27,983   $          44,622   $             -   $         72,605

</TABLE>



NOTE 8    RELATED PARTY TRANSACTION

          During April 2004, the principal shareholder of the Company purchased,
          through an entity owned by such principal,  the office,  warehouse and
          shop facilities used by a subsidiary of the Company.  The purchase was
          made  in  connection  with  the  purchase  of  assets  of the  company
          operating the facility.  The  subsidiary  has entered into a new lease
          agreement  with an  initial  five year term of  $45,000  per year plus
          three five year options that extend  through  April 2019.  The Company
          believes  that the  rental  set forth in the  lease is at fair  market
          value.



           See accompanying Notes to Consolidated Financial Statements
                                       11
<PAGE>



Item 2.  Management's Discussion and Analysis or Plan of Operations.

Forward Looking  Statements
This Form 10-QSB contains certain forward looking  statements  regarding,  among
other things,  the anticipated  financial and operating  results of the Company.
For this purpose, forward looking statements are any statements contained herein
that are not statements of historical fact and include,  but are not limited to,
those   preceded  by  or  that   include  the  words,   "believes,"   "expects,"
"anticipates," or similar expressions. Those statements are subject to known and
unknown  risks,  uncertainties  and other  factors  that could  cause the actual
results  to  differ  materially  from  those  contemplated  by  the  statements.
Important  factors  that  could  cause the  Company's  actual  results to differ
materially from those projected  include,  for example (i) there is no assurance
that the Company can locate and purchase  businesses  that meet its criteria for
acquisition,  (ii) there is no  assurance  that the Company  will  achieve  high
returns on capital because of, among other reasons,  unanticipated  fluctuations
in  costs  such as  material  and  labor,  ineffective  management  of  business
operations, or adverse change in the demand in the marketplace for our products,
or (iii) there may be  unanticipated  issues  relating to the integration of new
businesses  into our existing  management  and corporate  culture.  Although the
Company  believes  that the  forward  looking  statements  contained  herein are
reasonable,  it can give no assurance  that the Company's  expectations  will be
met.

Critical Accounting Policies
The preparation of financial  statements  requires  management to make estimates
and assumptions that affect amounts reported therein.  The financial  statements
are prepared in conformity with accounting  principals generally accepted in the
United  State of  America,  and,  as such,  include  amounts  based on  informed
estimates  and  judgments  of  management.  For example,  estimates  are used in
determining total contract costs and profitability and valuation  allowances for
uncollectible receivables and obsolete inventory. Actual results achieved in the
future could differ from  current  estimates.  The Company used what it believes
are  reasonable   assumptions  and  where  applicable,   established   valuation
techniques  in making its  estimates.  Management  believes the  Company's  most
critical accounting policies are discussed below.

Revenue Recognition
Revenue from product  sales is  recognized  upon  shipment to  customers,  title
passing and all obligations for the Company have been satisfied.  Provisions for
returns are  provided  for in the same period the  related  sales are  recorded.

Contract Revenue and Cost Recognition
Revenues    from    construction     contracts    are    recognized    on    the
percentage-of-completion  method,  measured  by the  percentage  of direct  cost
incurred to date to the  estimated  total  direct cost for each  contract.  That
method is used  because  management  considers  total direct cost to be the best
available measure of progress on the contracts.  Revenues from time and material
contracts are recognized currently as the work is performed.


           See accompanying Notes to Consolidated Financial Statements
                                       12

<PAGE>
Contract  costs  include all direct  material,  labor,  subcontractor  and those
indirect  costs that  relate to  construction  performance.  All other costs are
expensed as incurred.  Provisions for estimated losses on uncompleted  contracts
are made in the period in which such losses are first determined. Changes in job
performance,  job conditions and estimated profitability may result in revisions
to costs and income and are  recognized in the period in which the revisions are
determined. The Company recognizes claim and contract modification costs as they
are  incurred and revenues  when  realization  is probable and the amount can be
reliably  estimated,  which  is  generally  at the  time  a  claim  or  contract
modification is accepted by all parties.  Because of the inherent  uncertainties
in estimating costs, it is at least reasonably  possible that the estimates used
will change in the near term.

The asset,  "Costs and estimated  earnings in excess of billings on  uncompleted
contracts"  represents  revenues  recognized  in excess of amounts  billed.  The
liability,  "Billings in excess of costs and estimated  earnings on  uncompleted
contracts" represents billings in excess of revenues recognized.

Inventory
Inventory is recorded at the lower of cost or market using the first-in,
first-out (FIFO) method.

Income Taxes
Income taxes are provided  for the tax effects of  transactions  reported in the
financial  statements  and consist of taxes  currently due plus  deferred  taxes
related  primarily to  differences  between the basis of balance sheet items for
financial and income tax reporting.  The deferred tax liabilities  represent the
future tax  return  consequences  of those  differences,  which  will  either be
taxable or deductible when the liabilities are settled. A valuation allowance is
provided when realization of a deferred tax asset is unlikely.

Results of Operations
Percentage of total revenues for key revenue and expenditures for the six months
ended June 30, 2004 and 2003 are as follows:
<TABLE>
<CAPTION>

                                                             Six Months              Six Months
                                                               Ended                   Ended
                                                              June 30,                June 30,
                                                                2004                    2003
                                                         -----------------       -----------------

<S>                                                                 <C>                     <C>
   Construction Materials Sales                                     63.1%                   41.3%
   Mechanical Contracting Sales                                     36.9%                   58.7%
                                                         ----------------        ----------------
         Total                                                     100.0%                  100.0%
                                                         ----------------        ----------------

   Cost of Goods Sold                                               46.0%                   33.4%
   Cost of Construction Contract Revenue                            34.2%                   53.4%
                                                         ----------------        ----------------
         Total                                                      80.2%                   86.8%
                                                         ----------------        ----------------

   Gross Profit                                                     19.8%                   13.2%

   Operating Expenses                                               13.4%                   11.1%
                                                         ----------------        ----------------

   Operating Income                                                  6.4%                    2.1%
   Interest and Other Income (Expenses), Net                         0.3%                   (0.5%)
                                                         ----------------        -----------------
   Income Before Income Taxes                                        6.7%                    1.6%
   Income Tax                                                        2.7%                     .6%
                                                         ----------------        ----------------

   Net Income                                                        4.0%                    1.0%
                                                         ================        ================
</TABLE>

           See accompanying Notes to Consolidated Financial Statements
                                       13

<PAGE>


Percentage of total revenues for key revenue and expenditures for the three
months ended June 30, 2004 and 2003 are as follows:
<TABLE>
<CAPTION>

                                                           Three Months             Three Months
                                                               Ended                   Ended
                                                              June 30,                June 30,
                                                                2004                    2003
                                                         -----------------       -----------------

<S>                                                                 <C>                     <C>
   Construction Materials Sales                                     61.3%                   49.4%
   Mechanical Contracting Sales                                     38.7%                   50.6%
                                                         ----------------        ----------------
         Total                                                     100.0%                  100.0%
                                                         ----------------        ----------------

   Cost of Goods Sold                                               43.4%                   40.5%
   Cost of Construction Contract Revenue                            33.5%                   47.0%
                                                         ----------------        ----------------
         Total                                                      76.9%                   87.5%
                                                         ----------------        ----------------

   Gross Profit                                                     23.1%                   12.5%

   Operating Expenses                                               13.7%                    8.8%
                                                         ----------------        ----------------

   Operating Income                                                  9.4%                    3.7%
   Interest and Other Income (Expenses), Net                         0.2%                   (0.4%)
                                                         ----------------        -----------------
   Income Before Income Taxes                                        9.6%                    3.3%
   Income Tax                                                        4.0%                    1.3%
                                                         ----------------        ----------------

   Net Income                                                        5.6%                    2.0%
                                                         ================        ================
</TABLE>

Three Months Ended June 30, 2004

Total revenues for the three months ended June 30, 2004 were $7,912,421 compared
with  $6,382,328  for the same period a year ago, an increase of  $1,530,093  or
24%. Revenues from the Construction  Materials  division were $4,853,416 for the
three months ended June 30, 2004 compared with  $3,150,673  for the three months
ended June 30,  2003,  an increase of 54%.  This  increase was  attributable  to
strong demand for the  division's  products  accompanied  by higher unit selling
prices and  revenues  from a business  acquired in April 2004.  Steel demand and
profit margins have recently started to soften,  and therefore,  earnings during
the last six  months of the year are not  expected  to be as strong as they were
during the first half of 2004.  This increase was partially  offset by a revenue
decrease in the Mechanical  Contracting  division,  which was $3,059,005 for the
three months ended June 30, 2004 compared with  $3,231,655  for the three months
ended June 30, 2003.  This decrease in the  Mechanical  Contracting  division is
attributed  to  customers  delaying  projects.  These  delays are expected to be
compensated for by higher billings later this year.

The total cost of revenues for the three months ended June 30, 2004 increased by
$500,046,  which is primarily due to the increase in costs totaling $852,194 for
the  Construction  Material  division,  which,  as noted  above,  experienced  a
significant  increase in revenue  offset by  decreased  costs in the  Mechanical
Contracting division of $352,148 for the same period.

The gross  profit  margin for the three  months  ended  June 30,  2004 was 23.1%
compared  with  12.5%  for the  same  period a year  ago,  an  increase  of 10.6
percentage  points.  The gross  profit  margin  for the  Construction  Materials
division  increased by 11.3 percentage points and the balance was due to a lower
gross margin realized by the Mechanical Contracting division.


           See accompanying Notes to Consolidated Financial Statements
                                       14

<PAGE>

Selling, general and administrative expenses for the three months ended June 30,
2004  increased by  $523,826,  compared to the three months ended June 30, 2003.
This increase is primarily due to the business acquired in April 2004.

Net income for the three months ended June 30, 2004 was $445,470 compared with a
net  income  of  $130,004  for the same  period a year  ago.  The  increase  was
attributable to improved  performance for the  Construction  Materials  division
(higher  sales and higher profit  margins due to higher unit selling  prices and
profits from a business acquired in April 2004).

Six Months Ended June 30, 2004

Total revenues for the six months ended June 30, 2004 were $13,125,102  compared
with  $11,099,029  for the same period a year ago, an increase of  $2,026,073 or
18%. Revenues from the Construction  Materials  division were $8,281,082 for the
six months ended June 30, 2004 compared with $4,579,384 for the six months ended
June 30, 2003,  an increase of 81%.  This  increase was  attributable  to strong
demand for the division's products accompanied by higher unit selling prices and
revenues from a business acquired in April 2004. Steel demand and profit margins
have recently  started to soften,  and therefore,  earnings  during the last six
months of the year are not  expected  to be as strong  as they were  during  the
first half of 2004. This increase was partially  offset by a revenue decrease in
the  Mechanical  Contracting  division,  which was $4,844,020 for the six months
ended June 30, 2004 compared with  $6,519,645  for the six months ended June 30,
2003.  This  decrease in the  Mechanical  Contracting  division is attributed to
customers delaying projects.  These delays are expected to be compensated for by
higher billings later this year.

The total cost of revenues for the six months  ended June 30, 2004  increased by
$891,424,  which is primarily due to the increase in costs  totaling  $2,335,883
for the Construction  Material  division,  which, as noted above,  experienced a
significant  increase in revenue  offset by  decreased  costs in the  Mechanical
Contracting division of $1,444,459 for the same period.

The  gross  profit  margin  for the six  months  ended  June 30,  2004 was 19.8%
compared  with  13.2%  for the  same  period  a year  ago,  an  increase  of 6.6
percentage  points.  The gross  profit  margin  for the  Construction  Materials
division  increased  by 8  percentage  points and the balance was due to a lower
gross margin realized by the Mechanical Contracting division.

Selling,  general and administrative  expenses for the six months ended June 30,
2004 increased by $522,511, compared to the six months ended June 30, 2003. This
increase is primarily due to the business acquired in April 2004.

Net income for the six months  ended June 30, 2004 was  $517,547  compared  with
$102,212  for the same  period a year ago.  The  increase  was  attributable  to
improved  performance for the Construction  Materials division (higher sales and
higher  profit  margins due to higher unit  selling  prices) and profits  from a
business acquired in April 2004.

Financial Condition

Total assets increased to $10,456,528 at June 30, 2004 compared to $7,444,982 at
December 31, 2003,  an increase of  $3,011,546.  This increase was due to higher
receivables ($1,253,779), higher inventory ($818,782), net purchases of property
and equipment ($207,370),  goodwill resulting from an acquisition ($240,007),  a
purchase of in prepaid materials for a construction project ($533,275) and other
items, net ($41,667).


           See accompanying Notes to Consolidated Financial Statements
                                       15
<PAGE>
Liquidity and Capital Resources

For the six months  ended June 30,  2004,  there was a net  decrease  of cash of
$207,639.  Cash flows used in operating  activities  of $699,070  and  investing
activities of $862,154 were  substantially  offset by cash flows from  financing
activities.

As of  June  30,  2004,  cash on hand  was  $229,117  and  working  capital  was
$2,737,645.  The Company  believes that its financial  resources are adequate to
fund the current level of operations. The Company does not expect to purchase or
sell any significant property and equipment during the next twelve months except
that which would be associated with possible business acquisitions.

The  Company  through  its  subsidiaries  maintains  line of  credit  facilities
totaling  $4,150,000,  which  are  collateralized  by  substantially  all of the
Company's assets.  The credit facilities require the Company to maintain certain
financial covenants,  which the Company was in compliance with at June 30, 2004.
At June 30, 2004,  the borrowings  under the line of credit were  $1,982,876 and
the availability of additional borrowings was $1,440,000.


Item 3.   Controls and Procedures

          Disclosure Controls and Procedures

          Evaluation  of  disclosure  controls  and  procedures.  Based on their
          evaluation of the Company's  disclosure  controls and  procedures  (as
          defined in Rule 13a-15(e)  under the  Securities  Exchange Act of 1934
          (the "Exchange Act")),  the principal  executive officer and principal
          financial  officer  have  concluded  that as of the end of the  period
          covered  by this  Quarterly  Report  on Form  10-QSB  such  disclosure
          controls  and  procedures  are  effective  to ensure that  information
          required to be  disclosed  by the Company in reports  that it files or
          submits under the Exchange Act is recorded, processed,  summarized and
          reported within the required time periods.

          Internal Control Over Financial Reporting

          Changes in  internal  control  over  financial  reporting.  During the
          quarter  under report,  there was no change in the Company's  internal
          control over financial reporting that has materially  affected,  or is
          reasonably likely to materially affect, the Company's internal control
          over financial reporting.



           See accompanying Notes to Consolidated Financial Statements
                                       16


<PAGE>


PART II - OTHER INFORMATION

Item 1.   Legal Proceedings

          At June 30, 2004, there were no legal proceedings against the Company.

Item 2.   Changes in Securities and Use of Proceeds

          None

Item 3.   Default Upon Senior Securities

          None

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

          None

Item 5.   Other Information

          None

Item 6.   Exhibits

          (a) Exhibits


             31  Statement of Chief Executive and Chief Financial Officer
                 (filed herewith).

             32  Certification pursuant to 18 U.S.C. Section 1350, as adopted
                 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

          (b) Reports on Form 8-K - None.


           See accompanying Notes to Consolidated Financial Statements
                                       17

<PAGE>

                                   SIGNATURES

In accordance with the requirement of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized


                             MORO CORPORATION

                   By:       /s/ David W. Menard
                             ---------------------------------------------------

                             David W. Menard
                             Chief Executive Officer and Chief Financial Officer


                                       18