U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2008 oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________  Commission File Number 333-143752 [coastline1031200810q001.jpg] COASTLINE CORPORATE SERVICES, INC. (Exact name of issuer as specified in its charter) Florida20-5859893(State of Incorporation)(IRS Employer ID Number)111 Second Avenue N.E.
Suite 900
St. Petersburg, Fl 33701(Address of principal executive offices)727-596-6095
(Issuers telephone number)  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days. Yes x No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. Large accelerated filer oNon-accelerated filer oAccelerated filer o
(do not check if smaller reporting company)Smaller reporting company x  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes    No x APPLICABLE ONLY TO CORPORATE ISSUERS State the number of shares outstanding of each of the issuer’s classes of common equity, as of October 31, 2008:  792,999 shares of common stock.      TABLE OF CONTENTS  Part IFINANCIAL INFORMATIONItem 1Unaudited financial statements3Item 2Managements Discussion and Analysis of Financial Condition and Results of Operation or Plan of Operation14Item 3Quantitative and Qualitative Disclosures About Market Risk16Item 4TControls and Procedures16Part IIOTHER INFORMATIONItem 1Legal Proceedings17Item 1ARisk Factors17Item 2Unregistered Sales of Equity Securities and Use of Proceeds.17Item 3Defaults Upon Senior Securities.17Item 4Submission of Matters to a Vote of Security Holders.17Item 5Other Information.17Item 6Exhibits18SIGNATURES18   2     PART I - FINANCIAL INFORMATION  ITEM 1 FINANCIAL STATEMENT  Randall N. Drake, C.P.A., P.A. 1981 Promenade Way Clearwater, FL  33760 727.536.4863 Randall@RDrakeCPA.com  Report of Independent Registered Public Accounting Firm  To the Board of Directors Coastline Corporate Services, Inc. St. Petersburg, Florida  We have reviewed the accompanying balance sheets of Coastline Corporate Services, Inc. as of October 31, 2008, and the related statements of operations, retained earnings, and cash flows for the three months ended October 31, 2008 and 2007, in accordance with the standards of the Public Company Accounting Oversight Board (United States). All information included in these financial statements is the representation of the management of Coastline Corporate Services, Inc.  A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to the financial statements in order for them to be in conformity with generally accepted accounting principles.  The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  As discussed in footnote 3 to the financial statements, the Company has not established operating revenues sufficient to cover its operating expenses which raise substantial doubt about its ability to continue as a going concern.  Managements plans concerning these matters are also described in Note 3.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.   /s/ Randall N. Drake, CPA PA Clearwater, Florida December 5, 2008       3     COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise) Balance Sheets  As ofOctober 31, 2008
(unaudited)April 30, 2008
(audited)ASSETSCurrent Assets:Cash and Cash Equivalents$           5,582$          16,716Accounts Receivable6,3753,189Total Current Assets11,95719,905Property and Equipment, net of accumulated depreciation
of $237 and $158, respectively1,3461,426Total Assets:$          13,303$             21,331LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Accounts Payable and Accrued Expenses$             925$                       0Total Current Liabilities9250Total Liabilities9250Stockholders' Equity:Common Stock, par value $0.001, authorized 100,000,000 shares,792,999 issued and outstanding  as of October 31, 2008 (unaudited) and April 30, 2008 (audited)793793Additional Paid in Capital66,85766,857Accumulated Deficit(55,272)(46,319)Total Stockholders' Equity12,37821,331Total Liabilities and Stockholders' Equity$          13,303$            21,331The accompanying notes are an integral part of these statements.      4     COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise) Statement of Operations   For the Three Months Ended October 31,For the Six Months Ended October 31,2008
(unaudited)2007
(unaudited)2008
(unaudited)2007
(unaudited)Revenue:Edgarization Fees$       4,190$          7,668$       8,463$            17,968Total Revenue4,1907,6688,46317,968Expenses:Occupancy495495990990Employee Compensation0005,383General and Administrative1,8292,4853,8423,128Professional Fees1,5951,58512,50523,210Depreciation00790Total Expenses3,9194,56517,41632,711Operation  (Loss)2713,103(8,953)(14,743)Provision for Income Taxes0000Net  (Loss)$  271$       3,103$  (8,953)$    (14,743)Basic and Diluted (Loss) per Share$     0.00$     0.00$      (0.01)$      (0.02)Weighted Average Number of Shares792,999792,999792,999792,999  The accompanying notes are an integral part of these statements.  5     COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise) Statement of Stockholders Equity   Common StockAdditionalAccumulatedTotalSharesPV = $.001
AmountPaid in CapitalDeficitEquityBalance October 26, 2006 (date of inception)0$          0$             0$             0$                 0Common stock issued to Founders for cash,
valued at $.0183 per share, October 2006600,00060010,40011,000Common stock issued for cash:November 2006 at $.20 per share12,500122,4882,500March 2007 at $.30 per share129,99913038,87039,000April 2007 at $.30 per share20,500216,1296,150Common stock issued for services rendered
for current year through April 30, 2007
valued at $.30 per share30,000308,9709,000Net loss(27,586)(27,586)Balance at April 30, 2007792,99979366,857(27,586)40,064Net loss(18,733)(18,733)Balance at April 30, 2008792,999$     793$    66,857$  (46,319)$       21,331Net loss(9,224)(9,224)Balance at July 31, 2008792,999$     793$    66,857$  (55,543)$       12,107  Net loss271271Balance at October 31, 2008792,999$     793$    66,857$  (55,272)$       12,378         The accompanying notes are an integral part of these statements.     6     COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise) Statements of Cash Flow  For the Six Months Ended October 31,2008
(unaudited)2007
(unaudited)Cash Flows from Operating Activities:Net (Loss)$  (8,953)$    (14,743)Adjustments to reconcile Net (Loss) to net cash used in operating activities:Depreciation79-Changes in operating assets and liabilities:Decrease (Increase) in Accounts Receivable:(3,186)(6,440)Increase in Accounts Payable:926300Total adjustments to net (loss)(2,181)(6,140)Net Cash Flows (Used) in Operating Activities(11,134)(20,883)Net Cash Flows Used in Investing Activities:Equipment Purchase-(1,584)Net Cash Flows in Investing Activities-(1,584)Cash Flows from Financing Activities:Proceeds from the issuance of common stock--Net Cash Flows from Financing Activities--Net (decrease) in cash(11,134)(22,467)Cash - Beginning of Period$    16,716$   39,864Cash  End of Period$      5,582$   17,397Supplemental Disclosures:Interest Paid$              -$              -Income Taxes Paid$              -$              -   The accompanying notes are an integral part of these statements.  7      COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise)  Notes to Financial Statements (unaudited) As of October 31, 2008 and for the Six Months Ended October 31, 2008 and 2007   1. GENERAL ORGANIZATION AND BUSINESS  Coastline Corporate Services, Inc. (the Company) was incorporated under the laws of the State of Florida on October 27, 2006.  The Company operates on an April 30 fiscal year end.  The Company provides services to public companies requiring guidance and assistance in converting and filing their documents with the U.S. Securities and Exchange Commission (SEC).  The SECs Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the SEC. Our primary emphasis is on converting a Companys Word, WordPerfect or other type of word processed documents to ASCII, Legacy or HTML format suitable for filing with EDGAR.  2. DEVELOPMENT STAGE ENTERPRISE  The Company, in prior periods, presented financial statements as a development stage enterprise.   In the initial year the Company, devoted substantially all of its efforts to raising capital, planning and implementing the principal operations.   The Company may continue to incur significant operating losses and to generate negative cash flow from operating activities.  The Company's ability to eliminate operating losses and to generate positive cash flow from operations in the future will depend upon a variety of factors, many of which it is unable to control.  3. GOING CONCERN  The accompanying unaudited financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which assumes the realization of assets and satisfaction of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company incurred a net losses amounting to $55,272 for the period October 26, 2006 (date of inception) through October 31, 2008.  As of October 31, 2008, the Company has $5,582 of cash with which to satisfy any future cash requirements. The Company depends upon capital to be derived from future financing activities such as subsequent offerings of its common stock or debt financing in order to operate and grow the business.  There can be no assurance that the Company will be successful in raising such capital.  The key factors that are not within the Company's control and that may have a direct bearing on operating results include, but are not limited to, acceptance of the Company's business plan, the ability to raise capital in the future, the ability to expand its customer base, and the ability to hire key employees to provide services.  There may be other risks and circumstances that management may be unable to predict. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.  4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  The significant accounting policies followed are: The Company prepares its financial statements in conformity with generally accepted accounting principles in the United States of America. These principles require 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 the reported amounts of revenues and expenses during the reporting period. Management believes that these estimates are reasonable and have been discussed with the Board of Directors; however, actual results could differ from those estimates.  8      COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise)  Notes to Financial Statements (unaudited) As of October 31, 2008 and for the Six Months Ended October 31, 2008 and 2007   4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In the opinion of management, all adjustments consisting of normal recurring adjustments necessary for a fair statement of (a) the result of operations for the six month periods ended October 31, 2008 and 2007; (b) the financial position at October 31, 2008, and (c) cash flows for the six months ended October 31, 2008 and 2007 have been made. The financial statement and notes are presented as permitted by Form 10-Q. Accordingly, certain information and note disclosures normally included in the financial statements prepared in accordance with accounting principals generally accepted in the United States of America have been omitted. The accompanying unaudited financial statements should be read in conjunction with the financial statements for the years ended April 30, 2008 and 2007 and notes thereto in the Companys annual report on Form 10-K for the year ended April 30, 2008, filed with the Securities and Exchange Commission. Operating results for the six months ended October 31, 2008 and 2007 are not necessarily indicative of the results that may be expected for the entire year. The majority of cash is maintained with a major financial institution in the United States.  Deposits with this bank may exceed the amount of insurance provided on such deposits.  Generally, these deposits may be redeemed on demand and, therefore, bear minimal risk.  The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.  Accounts receivable consist of charges for service provided to customers. The Company will recognize revenue when services have been provided and collection is reasonably assured.   An allowance for doubtful accounts is considered to be established for any amounts that may not be recoverable, which is based on an analysis of the Companys customer credit worthiness, and current economic trends.  Based on managements review of accounts receivable, no allowance for doubtful accounts was considered necessary.   Receivables are determined to be past due, based on payment terms of original invoices.  The Company does not typically charge interest on past due receivables. Property and equipment is stated at cost.  Depreciation is computed by the straight-line method over estimated useful lives (five years for property and equipment).   The carrying amount of all long-lived assets is evaluated periodically to determine if adjustment to the depreciation and amortization period or the unamortized balance is warranted. Based upon its most recent analysis, the Company believes that no impairment of property and equipment exists at October 31, 2008. In accordance with Statement of Financial Accounting Standards (SFAS) No. 144, "Accounting for Impairment or Disposal of Long-Lived Assets," long-lived assets such as property, equipment and identifiable intangibles are reviewed for impairment whenever facts and circumstances indicate that the carrying value may not be recoverable.  When required impairment losses on assets to be held and used are recognized based on the fair value of the asset.  The fair value is determined based on estimates of future cash flows, market value of similar assets, if available, or independent appraisals, if required.  If the carrying amount of the long-lived asset is not recoverable from its undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount and fair value of the asset.  When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risk associated with the recovery of the assets.  We did not recognize any impairment losses for any periods presented. In December 2004, the Financial Accounting Standards Board (FASB) issued Statement of Accounting Standards (SFAS) No. 123 (Revised 2004), Share-Based Payment (SFAS 123R). SFAS 123R requires all share-based payments to employees, including grants of employee stock options to be recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). The Company had no common stock options or common stock equivalents granted or outstanding for all periods presented.     9     COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise)  Notes to Financial Statements (unaudited) As of October 31, 2008 and for the Six Months Ended October 31, 2008 and 2007   4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In prior years the Company had issued restricted stock for various business and administrative services.  For these transactions the Company follows the guidance in EITF 96-18 "Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring or in Conjunction with Selling Goods or Services".  Cost for these transactions are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.  The value of the common stock is measured at the earlier of (i) the date at which a firm commitment for performance by the counterparty to earn the equity instruments is reached or (ii) the date at which the counterparty's performance is complete.   For the year ended April 30, 2007, presented as a transaction in the Statement of Stockholders' Equity, the Company recognized $9,000 in professional expenses and a corresponding increase to common stock and additional paid-in-capital related to stock issued for services.  All stock issued was for past services provided, accordingly, all shares issued are fully vested, and there is no unrecognized compensation associated with these transactions as of October 31, 2008. The costs of advertising are expensed as incurred.  There were 350 dollars in advertising expenses charged for the six months ending October 31, 2008 and 2007. The Company accounts for income taxes under SFAS No. 109, Accounting for Income Taxes, which requires use of the liability method. SFAS No. 109 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purpose, referred to as temporary differences. Deferred tax assets and liabilities at the end of each period are determined using the currently enacted tax rates applied to taxable income in the periods in which the deferred tax assets and liabilities are expected to be settled or realized. The Company follows SFAS No. 128, Earnings Per Share. Basic earnings (loss) per share calculations are determined by dividing net income (loss) by the weighted average number of shares outstanding during the period. Diluted earnings (loss) per share calculations are determined by dividing net income (loss) by the weighted average number of shares plus the effect of the dilutive potential common shares outstanding during the period using the treasury stock method. There are no share equivalents for any periods presented and, thus, anti-dilution issues are not applicable.  5. THE EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS In October 2006, the Financial Accounting Standards Board (FASB) issued FASB Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes, which is an interpretation of SFAS No. 109, Accounting for Income Taxes. FIN 48 clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. FIN 48 also provides guidance on de-recognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. In addition, FIN 48 clearly scopes out income taxes from Financial Accounting Standards Board Statement No. 5, Accounting for Contingencies. FIN 48 is effective for fiscal years beginning after December 15, 2006. The Company adopted FIN 48 on January 1, 2007. There was no material impact on the overall results of operations, cash flows, or financial position from the adoption of FIN 48. In December 2007, the Financial Accounting Standards Board ("FASB") issued Statement of Financial Accounting Standards ("SFAS") No. 141(revised 2007), Business Combinations, which replaces SFAS No. 141.  The statement retains the purchase method of accounting for acquisitions, but requires a number of changes, including changes in the way assets and liabilities are recognized in the purchase accounting.  It also changes the recognition of assets acquired and liabilities assumed arising from contingencies, requires the capitalization of in-process research and development at fair value, and requires the expensing of acquisition-related costs as incurred.  SFAS No. 141(R) is effective for the Company beginning January 1, 2009 and will apply prospectively to business combinations completed on or after that date.     10     COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise)  Notes to Financial Statements (unaudited) As of October 31, 2008 and for the Six Months Ended October 31, 2008 and 2007   5. THE EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS (CONTINUED)  In September 2006, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards (SFAS) No. 157, Fair Value Measurements. SFAS No. 157 clarifies the principle that fair value should be based on the assumptions market participants would use when pricing an asset or liability and establishes a fair value hierarchy that prioritizes the information used to develop those assumptions. Under the standard, fair value measurements would be separately disclosed by level within the fair hierarchy. SFAS No. 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years, with early adoption permitted. The adoption of SFAS No. 157 did not have a material impact on the Company's financial condition or results of its operations. In February 2007, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards (SFAS) No. 159, The Fair Value Option for Financial Assets and Financial Liabilities. SFAS No. 159 permits entities to choose to measure many financial instruments and certain other items at fair value. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. SFAS No. 159 is effective for financial statements issued for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years, with early adoption permitted. The adoption of SFAS No. 159 did not have a material impact on the Company's financial condition or results of its operations. In December 2007, the FASB issued SFAS No. 160; Noncontrolling Interest in Consolidated Financial Statements, and amendment of ARB 51, which changes the accounting and reporting for minority interest.  Minority interest will be recharacterized as noncontrolling interest and will be reported as component of equity separate from the parent's equity, and purchases or sales of equity interests that do not result in change in control will be accounted for as equity transactions.  In addition, net income attributable to the noncontrolling interest will be included in consolidated net income on the date of the income statement and, upon a loss of control, the interest sold, as well as any interest retained, will be recorded at fair value with any gain or loss recognized in earnings.  SFAS No. 160 is effective for the Company beginning January 1, 2009 and will apply prospectively, except for the presentation and disclosure requirements, which will apply retrospectively.  The Company is not part of a consolidating group and currently is not affected by this pronouncement. In March 2008, the Financial Accounting Standards Board issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities.  SFAS No. 161 requires additional disclosures related to the use of derivative instruments, the accounting for derivatives and the financial statement impact of derivatives.  SFAS No. 161 is effective for fiscal years beginning after November 15, 2008.  The adoption of SFAS No. 161 will not impact the Company's financial statements. In May 2008, the FASB issued SFAS No. 162, The Hierarchy of Generally Accepted Accounting Principles (SFAS 162). SFAS 162 identifies the sources of accounting principles and the framework for selecting the principles used in the preparation of financial statements of nongovernmental entities that are presented in conformity with generally accepted accounting principles (the GAAP hierarchy). SFAS 162 will become effective 60 days following the SECs approval of the Public Company Accounting Oversight Board amendments to AU Section 411, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles. We do not currently expect the adoption of SFAS 162 to have a material effect on our results of operations and financial condition. In May 2008, the FASB issued FSP Accounting Principles Board (APB) 14-1 Accounting for Convertible Debt instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement) (FSP APB 14-1). FSP APB 14-1 requires the issuer of certain convertible debt instruments that may be settled in cash (or other assets) on conversion to separately account for the liability (debt) and equity (conversion option) components of the instrument in a manner that reflects the issuers non-convertible debt borrowing rate. FSP APB 14-1 is effective for fiscal years beginning after December 15, 2008 on a retroactive basis. As we do not have convertible debt at this time, we currently believe the adoption of FSP APB 14-1 will have no effect on our results of operations and financial condition.     11     COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise)  Notes to Financial Statements (unaudited) As of October 31, 2008 and for the Six Months Ended October 31, 2008 and 2007    6. PROPERTY AND EQUIPMENT Property and Equipment consists of: Oct 31, 2008 (unaudited)Oct 31, 2007 (audited)Property and Equipment1,5841,584Accumulated Depreciation(237)(0)Property and Equipment, net1,3461,584 Depreciation of equipment was $237 and $0 for the three months period ended October 31, 2008 and 2007, respectively.  7. PROVISION FOR INCOME TAXES  The Company has not recognized an income tax benefit for its operating losses generated since inception based on uncertainties concerning its ability to generate taxable income in future periods.  The tax benefit for the years presented is offset by a valuation allowance established against deferred tax assets arising from operating losses and other temporary differences, the realization of which could not be considered more likely than not.  In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not. As of October 31, 2008, the Company incurred net operating losses of approximately $57,000.   Net operating losses generated begin to expire in the taxable year of 2027.  8. STOCKHOLDERS EQUITY  The Company has 100,000,000 common shares authorized at a $0.001 par value per share and one class of blank-check preferred stock that can be issued at the discretion of the board of directors.  On October 27, 2006 the Company issued 600,000 common shares at $0.01833 per share to its founder in exchange for the $11,000 cash paid by the founder for legal and other services on behalf of the company immediately prior to its incorporation, and issued 12,500 common shares for $2,500 cash in November 2006 to a non-affiliated investor.  In April 2007 the Company issued a total of 150,499 shares at $0.30 per share for total proceeds of $45,150.  In April 2007 the Company issued 30,000 shares to certain of its officers and directors for services valued at $9,000.  The Company has no potentially dilutive securities outstanding at the end of the statement periods, such as warrants or options.  The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid during the periods shown.  12      COASTLINE CORPORATE SERVICES, INC. (previously a development stage enterprise)  Notes to Financial Statements (unaudited) As of October 31, 2008 and for the Six Months Ended October 31, 2008 and 2007   9. EARNINGS PER SHARE  The  basic  earnings  (loss)  per  share  are  calculated  by  dividing  the  Companys  net  income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Companys net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year.  The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity.  The Company has no potentially dilutive securities outstanding at the end of the statement periods.  Therefore, the basic and diluted earnings (loss) per share are presented on the face of the statement of operations as the same number.  The  numerators  and  denominators  used  in  the  computations  of  basic  and  diluted  EPS  are presented in the following table for the years ended April 30:  20082007Numerator for Basic and Diluted EPSNet (loss) to common shareholders$(8,953)$(14,743)Denominators for Basic and Diluted EPSWeighted average of shares outstanding792,999792,999Earnings/(Loss) Per ShareBasic and Diluted$(0.01)$(0.02)    10. COMMITMENTS AND CONTINGENCIES The Company has had limited need for use of office space or equipment.  Any use of office space or equipment is being supplied through sublease of office space and charges are based on occupancy use at the fair value of the space occupied, currently valued at $165 per month.   This arrangement is on a month to month basis, cancellable upon 30 days notice.  Rent expense totaled $990 and $990 for the six month periods ended October 31, 2008 and 2007, respectively. From time to time the Company may be a party to litigation matters involving claims against the Company.  Management believes that there are no current matters that would have a material effect on the Companys financial position or results of operations.           13     Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION OR PLAN OF OPERATION  SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS The information contained in the filing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this report. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report. We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This filing contains a number of forward-looking statements which reflect managements current views and expectations with respect to our business, strategies, products, future results and events, and financial performance. All statements made in this filing other than statements of historical fact, including statements addressing operating performance, events, or developments which management expects or anticipates will or may occur in the future, including statements related to distributor channels, volume growth, revenues, profitability, new products, adequacy of funds from operations, statements expressing general optimism about future operating results, and non-historical information, are forward looking statements. In particular, the words believe, expect, intend, anticipate, estimate, may, variations of such words, and similar expressions identify forward-looking statements, but are not the exclusive means of identifying such statements, and their absence does not mean that the statement is not forward-looking. These forward-looking statements are subject to certain risks and uncertainties, including those discussed below. Our actual results, performance or achievements could differ materially from historical results as well as those expressed in, anticipated, or implied by these forward-looking statements. We do not undertake any obligation to revise these forward-looking statements to reflect any future events or circumstances. Readers should not place undue reliance on these forward-looking statements, which are based on managements current expectations and projections about future events, are not guarantees of future performance, are subject to risks, uncertainties and assumptions (including those described below), and apply only as of the date of this filing. Our actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, the risks to be discussed in our Annual Report on form 10-K and in the press releases and other communications to shareholders issued by us from time to time which attempt to advise interested parties of the risks and factors which may affect our business. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.  This report includes a number of forward looking statements that reflect our current views with respect to future events and financial performance. Forward looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward looking statements, which apply only as of the date of this quarterly report. These forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.  Overview  Coastline was previously a development stage company that was in the early stages of commercialization of providing EDGARizing services to corporations required to file periodic reports with the US Securities & Exchange Commission.  Since our inception in October 2006, we have: 1)  completed a private placement which has provided us with the necessary seed capital to begin operations, 2) filed and have had declared effective a registration statement with the SEC on form SB-2, 3) established commercial operations.  Since we have achieved our initial development and established a recurring base revenue stream, management considers that the company is no longer a development stage enterprise.  We anticipate that our business will incur operating losses in the future until that point in time, if ever, that our revenues from our Edgarization services exceeds our operation expenses.  Our existence is dependent upon managements ability to develop profitable operations.  While management anticipates Coastline will attain profitable status through the further development and expansion in the number of customers that utilize our services, there can be no assurances that we will ever reach profitability.   14      Revenues For the six month periods ended October 31, 2008 and 2007 we had revenues from our operations of $8,463 and $17,968, respectively.   Revenues were derived from our EDGARizing services.  The decrease was the results of initial set up charges that were billed for the prior year.  There were no significant client additions that derived those fees in the current period.  Expenses  The major component of our expenses for the six month periods ended October 31, 2008 and 2007 were professional fees of $12,505 and $23,210, respectively.  The decrease in expenses was primarily from reduction in legal fees associated with our registration statement filed in June 2007.  General and Administrative expenses were $3,840 and 3,128 for the six month periods ended October 31, 2008 and 2007, respectively.  Employee Compensation and Payroll Taxes were $0 and $5,383; and occupancy (rent) was $990 and $990 for the six month periods ended October 31, 2008 and 2007, respectively.  Net Losses  Our net loss for the six month periods ended October 31, 2008 and 2007 was $8,953 and $14,743, respectively.  The losses were primarily due to legal fees associated with our June 2007 registration statement, director fees, auditor fees, employee compensation, and general and administrative expenses.  We expect to continue to incur losses from our operations until such time, if ever, that we begin to successfully generate sufficient revenues to cover our operating expenses.  Liquidity and Capital Resources  As of October 31, 2008 we had cash and cash equivalents of $5,582.  While we have begun commercial operations we do not believe that the revenues from our operations will be sufficient to cover our operating expenses during the next twelve months, and we believe we will likely incur additional losses during the next twelve months.  While we expect to incur losses during the next twelve months, we believe that we have sufficient working capital to sustain our operating expenses and any losses.  We estimate that our expenses over the next twelve months will be approximately $17,000, as follows:  $  5,000 in selling, general and administrative expenses; $  5,000 in employee compensation and payroll taxes; $  5,000 in auditing and accounting fees; and $  2,000 in occupancy and miscellaneous fees.  We anticipate that our revenues will cover a majority of the expenses, however, we do not anticipate that our revenues will increase to off-set any operating expense above and beyond our current run rate.  Additionally, we do not expect to incur the same rate of legal and audit expense associated with the initial registration.  We do not anticipate that there will be need to raise any additional capital over the next twelve months.  Our independent registered public accountants stated in their report that theCompany has not established operating revenues sufficient to cover its operating expenses  which raise substantial doubt about its ability to continue as a going concern.  Subsequent Events None  Recent Accounting Pronouncements The Financial Accounting Standards Board and other entities issued new or modifications to, or interpretations of, existing accounting guidance during 2008. The corporation has carefully considered the new pronouncements that altered generally accepted accounting principles.  The Company's notes to the financial statement (unaudited) have addressed the recent pronouncements and have disclosed the material impact, if any, on the corporations reported financial position or operations in the near term.    15     Critical Accounting Policies The Company prepares its financial statements in conformity with generally accepted accounting principles in the United States of America. These principles require 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 the reported amounts of revenues and expenses during the reporting period. Management believes that these estimates are reasonable and have been discussed with the Board of Directors; however, actual results could differ from those estimates. In the opinion of management, all adjustments consisting of normal recurring adjustments necessary for a fair statement of (a) the result of operations for the six month periods ended October 31, 2008 and 2007; (b) the financial position at October 31, 2008, and (c) cash flows for the three months ended October 31, 2008 and 2007 have been made. The financial statement and notes are presented as permitted by Form 10-Q. Accordingly, certain information and note disclosures normally included in the financial statements prepared in accordance with accounting principals generally accepted in the United States of America have been omitted. The accompanying unaudited financial statements should be read in conjunction with the financial statements for the years ended April 30, 2008 and 2007 and notes thereto in the Companys annual report on Form 10-K for the year ended April 30, 2008, filed with the Securities and Exchange Commission. Operating results for the six months ended October 31, 2008 and 2007 are not necessarily indicative of the results that may be expected for the entire year.   Off-Balance Sheet Arrangements We have no off-balance sheet arrangements.  ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK We are exposed to various market risks, primarily changes that effect small registrants in the capital markets. The Company does not have exposure to many market risks, such as potential loss arising from adverse change in market rates and prices, such as foreign currency exchange and interest rates.  We do not hold any derivatives or other financial instruments for trading or speculative purposes.  ITEM 4T CONTROL 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 the effectiveness of the design and operation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of October 31, 2008. Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures as of the end of such periods are not 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 The company has limited financial resources. As a result, a material weakness in financial reporting currently exists. A material weakness is a deficiency (within the meaning of the Public Company Accounting Oversight Board (PCAOB) auditing standard 5) or combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company's annual or interim financial statements will not be prevented or detected on a timely basis.  Management has determined that a material weakness exists due to a lack of segregation of duties, resulting from the Company's limited resources. The Companys management, including the President (Principal Executive Officer) confirm that there was no change in the Companys internal control over financial reporting during the quarter ended October 31, 2008 that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting.  16        PART II - OTHER INFORMATION  ITEM 1 LEGAL PROCEEDING We are not engaged in any litigation, and we are unaware of any claims or complaints that could result in future litigation.  We will seek to minimize disputes with our customers but recognize the inevitability of legal action in todays business environment as an unfortunate price of conducting business.  ITEM 1A RISK FACTORS We have a limited operating history that you can use to evaluate us, and the likelihood of our success must be considered in light of the problems, expenses, difficulties, complications and delays that we may encounter because we are a small business. As a result, we may not be profitable and we may not be able to generate sufficient revenue to develop as we have planned. Our ability to achieve and maintain profitability and positive cash flow will be dependent upon:  · Managements ability to maintain the skills for our conversion services; · The Companys ability to keep abreast of the changes by the Securities and Exchange Commission regarding its EDGAR system; · Our ability to attract customers who require the services we offer; and · Our ability to generate revenues through the sale of our services to potential clients who need our filing services.  Based upon current plans, we expect to incur operating losses in future periods because we will be incurring expenses and not generating sufficient revenues to cover our expenses.  We cannot be sure that we will be successful in generating revenues in the future.  Failure to generate sufficient revenues will cause us to go out of business and any investment in our Company would be lost. Managing a small public company involves a high degree of risk. Few small public companies ever reach market stability and we will be subject to oversight from governing bodies and regulations that will be costly to meet.  Our present officers and directors do not have any experience in managing a fully reporting public company so we may be forced to obtain outside consultants to assist with our meeting these requirements.  These outside consultants are expensive and can have a direct impact on our ability to be profitable. This will make an investment in our Company a highly speculative and risky investment. While the Company is attempting to disclose all of the potential risks associated with an investment in the Company, there can be no assurance that all of the risks are visible to management.  Events occurring in the future may be additional risks to an investment in the Company which are currently unforeseen.  ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS No securities were issued in the current three month period ended October 31, 2008.   All unregistered sales of equity securities have been disclosed in the Company's 10-K filing, as of April 30, 2008.  ITEM 3 DEFAULTS UPON SENIOR SECURITIES None  ITEM 4 SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS No matter was submitted during the quarter ending October 31, 2008, covered by this report to a vote of our shareholders, through the solicitation of proxies or otherwise.   17     ITEM 5 OTHER INFORMATION Form 8-K was filed on October 7, 2008, incorporated herein by reference, for the change in registrant's certifying accountant.  On June 30, 2008, the Company dismissed our previous independent registered auditor, Moore & Associates, Chartered, of Las Vegas, Nevada ("Moore") and engaged Randall N. Drake CPA, PA of Clearwater Florida, as our new independent registered auditor  Our Board of Directors participated in and approved the decision to change independent accountants. Since the Companys inception on October 26, 2006, including its review of financial statements of the year ending April 30, 2007, and the interim period from May 1, 2007 through Moores dismissal June 30, 2008 was no disagreements with Moore on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of Moore would have caused them to make reference thereto in their report on the financial statements.  Moore furnished us with a letter addressed to the SEC stating whether or not it agrees with the above statements, which copy was filed as an Exhibit to the Form 8-K.  Prior to June 30, 2008, we did not consult with Randall N. Drake CPA, PA regarding (i) the application of accounting principles, (ii) the type of audit opinion that might be rendered by Randall N. Drake CPA, PA, or (iii) any other matter that was the subject of a disagreement between us and our former auditor or was a reportable event (as described in Items 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-B, respectively).    ITEM 6 EXHIBITS, FINANCIAL STATEMENT SCHEDULES  The following exhibits are included with this quarterly statement filing.   Exhibit
NumberDescription3.1*Articles of Incorporation3.2*Bylaws16**Change in auditor31.1Certification of Chief Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2Certification of Chief Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 200232Certification of Chief Executive Officer and Chief Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  Those marked with an asterisk and required to be filed hereunder, are incorporated by reference and can be found in their entirety in our original Form SB-2 Registration Statement, filed under SEC File Number 333-143752, at the SEC website at www.sec.gov: *Filed on June 14, 2007 as Exhibit 3.1 to the registrant's Registration Statement on Form SB-2 (File No. 333-143752) and incorporated herein by reference. ** Filed on October 7, 2008 as Exhibit 16 to the registrant's current report on Form 8-K and incorporated herein by reference.  SIGNATURES  In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   December  11 , 2008  Coastline Corporate Services, Inc., Registrant  By: /s/ Toni A. Eldred Toni A. Eldred, Director, President, Treasurer, Principal Executive Officer, and Principal Financial Officer   18