**UNITED      STATES **

**SECURITIES      AND EXCHANGE COMMISSION**

**Form      10-QSB**

| x      | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|--------|-----------------------------------------------------------------------------------------------------------------|
|   |                                                                                                            |
|   | For                the quarterly period ended: September 30,                2007                                |

| o      | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|--------|------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                             |
|   | For                the transition period from ___ to                _____                                        |

*Commission      File Number 000-52524*

*       *

----

**MAP      V Acquisition, Inc.**

| Delaware                                                  |   | 43-2114545                           |
|----------------------------------------------------------------|--------|-------------------------------------------|
| (State                or other jurisdiction of       |   | (I.R.S.                Employer      |
| incorporation                or organization)             |   | Identification                No.)   |
|                                                           |   |                                      |
| c/o                Lawrence E. Koehler                         |   |                                      |
| 1372                Shermer Road                          |   |                                      |
| Northbrook,                IL                             |   | 60062                                     |
| (Address                of principal executive offices)   |   | (zip                code)            |

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

----

**MAP      V ACQUISITION, INC.**

**(A      Development Stage Company)**

**-      INDEX -**

|                                                                                                                                                                                                                                                                                                                                |   | Page   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| **PART                  I - FINANCIAL INFORMATION**                                                                                                                                                                                                                                                                                 |   |   |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| ITEM                  1. UNAUDITED CONDENSED FINANCIAL STATEMENTS                                                                                                                                                                                                                                                              |        |   |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| Condensed                  Balance Sheet as of September 30, 2007 (Unaudited)                                                                                                                                                                                                                                                       |   | 3      |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| Condensed                  Statements of Operations for the Three Months Ended September 30,                  2007,                  for the Nine Months Ended September 30, 2007 and for the period                  from                  November 22, 2006 (Date of Inception) to September 30,                  2007(Unaudited) |   | 4      |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| Condensed                  Statements of Cash Flows for the Nine Months Ended September 30,                  2007 and                  for the period from November 22, 2006 (Date of Inception) to September                  30,                  2007 (Unaudited)                                                                |   | 5      |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| NOTES                  TO CONDENSED FINANCIAL STATEMENTS                                                                                                                                                                                                                                                                            |   | 6      |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| ITEM                  2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF                  OPERATION                                                                                                                                                                                                                           |   | 8      |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| ITEM                  3. CONTROLS AND PROCEDURES                                                                                                                                                                                                                                                                                    |   | 8      |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| **PART                  II - OTHER INFORMATION**                                                                                                                                                                                                                                                                                    |   |        |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| ITEM                  1. LEGAL PROCEEDINGS                                                                                                                                                                                                                                                                                          |   | 9      |
| ITEM                  2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF                  PROCEEDS                                                                                                                                                                                                                               |   | 9      |
| ITEM                  3. DEFAULTS UPON SENIOR SECURITIES                                                                                                                                                                                                                                                                            |   | 9      |
| ITEM                  4. SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS                                                                                                                                                                                                                                                         |   | 9      |
| ITEM                  5. OTHER INFORMATION                                                                                                                                                                                                                                                                                          |   | 9      |
| ITEM                  6. EXHIBITS                                                                                                                                                                                                                                                                                                   |   | 9      |
|                                                                                                                                                                                                                                                                                                                                |   |   |
| SIGNATURES                                                                                                                                                                                                                                                                                                                          |   | 10     |

----

| ASSETS                                                                                                                                            |   |   |    |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|
|                                                                                                                                              |   |   |    |
| Current                  Assets                                                                                                                   |   |   |    |
| Cash                  (TOTAL ASSETS)                                                                                                              |   | $      | 4,092   |   |
|                                                                                                                                              |   |   |    |   |
| LIABILITIES                  AND STOCKHOLDERS' DEFICIENCY                                                                                         |   |   |    |   |
|                                                                                                                                              |   |   |    |   |
| Current                  Liabilities                                                                                                              |   |   |    |   |
| Loans                  from Shareholders                                                                                                          |   | $      | 14,263  |   |
| Accounts                  payable and accrued expenses                                                                                            |   |   | 4,149   |   |
| TOTAL                  CURRENT LIABILITIES                                                                                                        |   |   | 18,412  |   |
|                                                                                                                                              |   |   |    |   |
|                                                                                                                                              |   |   |    |   |
|                                                                                                                                              |   |   |    |   |
| STOCKHOLDERS'                  DEFICIENCY                                                                                                         |   |   |    |   |
| Preferred                  stock, $.0001 par value; 10,000,000 shares authorized, none issued                  and                  outstanding   |   |   | -       |   |
| Common                  stock, $.0001 par value; 75,000,000 shares authorized, 2,500,000                  issued                  and outstanding |   |   | 250     |   |
| Additional                  paid-in capital                                                                                                       |   |   | -       |   |
| Deficit                  accumulated during the development stage                                                                                 |   |   | (14,570 | ) |
|                                                                                                                                              |   |   |    |   |
| TOTAL                  STOCKHOLDERS' DEFICIENCY                                                                                                   |   |   | (14,320 | ) |
|                                                                                                                                              |   |   |    |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS' DEFICIENCY                                                                                   |   | $      | 4,092   |   |

----

|                                                    |   |                         |      |                         |   |  For the period from    |   |
|---------------------------------------------------------|--------|------------------------------|-----------|------------------------------|--------|---------------------------------------------|--------|
|                                                    |   | Three Months            |      | Nine Months             |   |  November 22, 2006           |   |
|                                                    |   | Ended                        |      | Ended                        |   |  (Date of Inception) to |   |
|                                                    |   | September 30, 2007 |      | September 30, 2007 |   |  September 30, 2007          |   |
| Expenses                                                |   |                         |      |                         |   |                                   |   |
| Professional                fees                        |   | $                            | 1,400     |                         | $      | 9,800                                       |   | $ | 12,300 |   |
| Formation                and other costs                |   |                         | 249       |                         |   | 1,658                                       |   |   | 2,270 |   |
|  Total                Expenses                     |   |                         | 1,649     |                         |   | 11,458                                      |   |   | 14,570 |   |
| Other                Income                             |   |                         |      |                         |   |                                        |   |   |   |   |
| Interest                Income                          |   |                         | -         |                         |   | -                                           |   |   | - |   |
|                                                    |   |                         |      |                         |   |                                        |   |   |   |   |
|  NET                LOSS                           |   | $                            | (1,649    | )                            | $      | (11,458                                     | )      | $ | (14,570 | ) |
|                                                    |   |                         |      |                         |   |                                        |   |   |   |   |
| Weighted                average number of common shares |   |                         | 2,500,000 |                         |   | 2,500,000                                   |   |   | 2,500,000 |   |
| Net                loss per common share:               |   |                         |      |                         |   |                                        |   |   |   |   |
| Basic                and Diluted                        |   | $                            | (0.00     | )                            | $      | (0.00                                       | )      | $ | (0.01 | ) |

----

|                                                                        |   |                         |    | For the period from    |   |
|-----------------------------------------------------------------------------|--------|------------------------------|---------|---------------------------------------|--------|
|                                                                        |   | Nine Months             |    | November 22, 2006           |   |
|                                                                        |   | Ended                        |    | (Date of Inception) to |   |
|                                                                        |   | September 30, 2007 |    | September 30, 2007          |   |
|                                                                        |   |                         |    |                                  |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES                         |   |                         |    |                                  |   |
| Net                loss                                                     |   | $                            | (11,458 | )                                     | $      | (14,570 | ) |
| Changes                in operating liabilities                             |   |                         |    |                                  |   |   |   |
| (Decrease)                increase in accounts payable and accrued expenses |   |                         | 1,649   |                                  |   | 4,149 |   |
| NET                CASH USED IN OPERATING ACTIVITIES                        |   |                         | (9,809  | )                                     |   | (10,421 | ) |
|                                                                        |   |                         |    |                                  |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                         |   |                         |    |                                  |   |   |   |
| Contributed                capital                                          |   |                         | -       |                                  |   | 250 |   |
| Proceeds                from stockholder loan                               |   |                         | 13,000  |                                  |   | 14,263 |   |
| NET                CASH PROVIDED BY FINANCING ACTIVITIES                    |   |                         | 13,000  |                                  |   | 14,513 |   |
|                                                                        |   |                         |    |                                  |   |   |   |
| NET                (DECREASE) INCREASE IN CASH                              |   |                         | 3,191   |                                  |   | 4,092 |   |
|                                                                        |   |                         |    |                                  |   |   |   |
| CASH                AT BEGINNING OF PERIOD                                  |   |                         | 901     |                                  |   | - |   |
| CASH                AT END OF PERIOD                                        |   | $                            | 4,092   |                                  | $      | 4,092 |   |

----

**MAP      V Acquisition, Inc.**

**(A      Development Stage Company)**

**NOTES      TO CONDENSED FINANCIAL STATEMENTS**

**(Unaudited)**

**NOTE      1 – Organization, Business and Operations**

**Company**

**NOTE      2 – Basis of Presentation**

**NOTE      3 – Summary of Significant Accounting Policies**

**Use      of Estimates**

----

**Development      Stage Company**

**Cash      and Cash Equivalents**

**Earnings      Per Share**

**NOTE      4 - Loan from Stockholder**

**NOTE      5 – New Accounting Standards**

----

**ITEM      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF      OPERATION.**

**Introductory      Comment - Forward-Looking Statements.**

**Plan      of Operation. **

**Results      of Operations.**

**ITEM      3. CONTROLS AND PROCEDURES.**

----

**PART      II - OTHER INFORMATION**

**ITEM      1. LEGAL PROCEEDINGS. **

**ITEM      2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.**

**ITEM      3. DEFAULTS UPON SENIOR SECURITIES. **

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

**ITEM      5. OTHER INFORMATION. **

**ITEM      6. EXHIBITS.**

| Exhibit |   | Description                                                                                                                                                                                                                                                                                                      |
|---------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                                                                                             |
| *3.1    |   | Certificate                  of Incorporation.                                                                                                                                                                                                                                                                   |
|    |   |                                                                                                                                                                                                                                                                                                             |
| *3.2    |   | By-laws.                                                                                                                                                                                                                                                                                                         |
|    |   |                                                                                                                                                                                                                                                                                                             |
| 31.1    |   | Certification                  of the Company’s Principal Executive Officer pursuant to Section 302 of                  the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                  Report on Form 10-QSB for the quarter ended September 30,                  2007. |
|    |   |                                                                                                                                                                                                                                                                                                             |
| 31.2    |   | Certification                  of the Company’s Principal Financial Officer pursuant to Section 302 of                  the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                  Report on Form 10-QSB for the quarter ended September 30,                  2007. |
|    |   |                                                                                                                                                                                                                                                                                                             |
| 32.1    |   | Certification                  of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section                  1350, as adopted pursuant to Section 906 of the Sarbanes Oxley                  Act of                  2002.                                                                   |
|    |   |                                                                                                                                                                                                                                                                                                             |
| 32.2    |   | Certification                  of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section                  1350, as adopted pursuant to Section 906 of the Sarbanes Oxley                  Act of                  2002.                                                                   |
|    |   |                                                                                                                                                                                                                                                                                                             |
| *       |   | Filed                  as an exhibit to the Company's Registration Statement on Form 10-SB,                  as                  filed with the Securities and Exchange Commission on March 26,                  2007, and                  incorporated herein by                  reference.                   |

----

**SIGNATURES**

|                                   | **MAP                V ACQUISITION, INC.** |
|----------------------------------------|--------------------------------------------|
|                                   |                                       |   |
| Date:                November 13, 2007 | By:                                   | /s/                I. Steven Edelson |
|                                   |                                       | I.              Steven Edelson |
|                                   |                                       | Chairman |
|                                   |                                       | (Principal                Executive Officer) |

----